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Bithumb Plans to Reappoint CEO Despite Controversies, Report Says

Bithumb, South Korea’s second-largest cryptocurrency exchange by trading volume, is pressing to reappoint CEO Lee Jae-won at its upcoming shareholders’ meeting on March 31, industry sources told the Korea Times. If shareholders approve, Lee would extend his tenure for another two years, with his current term set to expire at the end of March. Cointelegraph has sought comment from Bithumb but has not received a response at the time of writing. The proposed renewal comes amid heightened regulatory scrutiny and a series of penalties that have tightened the exchange’s operating flexibility. In March, South Korea’s Financial Intelligence Unit levied a six-month partial suspension and a 36.8 billion won ($24.2 million) fine over alleged anti-money-laundering shortcomings. Under the sanctions, Bithumb is barred from processing external crypto transfers for new customers from March 27 to Sept. 26. These pressures follow a February incident in which Bithumb mistakenly credited 2,000 BTC per use...
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Crypto dips as oil swings after Iran vows retaliation to Trump

Crypto and broader markets faced renewed volatility as tensions between the United States and Iran intensified, sending oil prices fluctuating and risk appetite shifting. The week’s escalation comes amid a backdrop of macro uncertainty and a fragile risk-off mood that has influenced how traders view Bitcoin and other digital assets. President Donald Trump posted on Truth Social that the U.S. would “hit and obliterate” Iranian power plants if Tehran did not open the Strait of Hormuz within 48 hours, a warning that drew immediate responses from Iran about retaliation against U.S. and Israeli targets in the Gulf and potential closure of the strategic chokepoint. The standoff has kept investors on edge as markets weigh potential disruptions to energy flows and the global geopolitical risk premium. Bitcoin slipped 1.8% over the past 24 hours to around $68,160 after earlier dipping below $67,600, with a notable surge in liquidations across the crypto space. Data from CoinGlass showed about $...
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Banks Push Tokenized Deposits as On-Chain Cash Race Heats Up

Banks are increasingly testing tokenized deposits as a practical way to move traditional commercial bank money onto blockchain-based payment and settlement rails. A new report from the real-world asset data platform RWA.io, with input from UK Finance, Citi, BNY, JPMorgan’s Kinexys, Standard Chartered, ABN Amro and Digital Asset, argues that tokenized deposits are emerging alongside stablecoins and central bank digital currencies as part of a broader on-chain cash stack for the financial system. Tokenized deposits are digital representations of ordinary bank deposits on blockchain or other distributed ledger infrastructure. Unlike many stablecoins, they are direct liabilities of the issuing bank and remain governed by existing banking frameworks, including deposit insurance, capital requirements and anti-money laundering and know-your-customer rules. The report highlights a growing slate of pilots and deployments across Europe as banks seek to preserve their role in payments, treasury a...
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NYSE Lifts Crypto Options Cap Across 11 BTC and ETH ETFs

Two NYSE-affiliated venues have scrapped the 25,000-contract cap on options tied to 11 crypto ETF options, a move the exchanges filed with the Federal Register on March 10. The Securities and Exchange Commission acknowledged the rule alterations on Sunday by waiving the standard 30-day waiting period, meaning the changes are now in effect. The initiative removes price-discovery restrictions and the position-limit cap that had governed crypto ETF options since their November 2024 debut. The policy shift ushers crypto ETF options closer to the regime applied to other commodity ETFs, potentially boosting institutional trading flexibility, liquidity, and ease of entry and exit. The development also paves the way for FLEX options—customizable terms such as non-standard strike prices, expiration dates, and exercise styles—to be applied to crypto ETF options. Among the 11 crypto ETF options affected are major listings from BlackRock, Fidelity, and ARK, including BlackRock’s iShares Bitcoin Tr...
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BTC-Gold Gap Reflects Retail vs Central Bank Demand Split, Analyst Says

The 2026 split between gold and Bitcoin is being read through the lens of two distinct buyer groups, according to Stephen Coltman, head of macro at 21Shares, a provider of crypto exchange-traded products. While gold has benefited from a sustained wave of central-bank purchases, Bitcoin remains largely a retail asset, with ownership concentrated among individuals rather than institutions. Coltman framed the dynamic as a macro-driven divergence that could persist as fundamentals evolve. Physical gold has a greater geopolitical strategic role currently, as the asset of choice for state actors who want to store wealth in a way that is protected from rival powers. This has meant that it has traded with greater sensitivity to deteriorating international relations. On the other hand, Bitcoin’s practical appeal centers on everyday users seeking resilience amid financial stress. Coltman notes that BTC has significant appeal as an alternative lifeline when local banking infrastructure falters or...
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Bitcoin at $68K triggers nearly $400M in crypto liquidations.

Bitcoin (BTC) traded just below the $69,000 mark as traders braced for a pivotal weekly candle close, with prices hovering near the long-term line around $68,300. After a weekend slide, the setup underscores a tug-of-war between a fragile near-term outlook and the possibility of a contrarian move, even as analysts debate the significance of a fresh technical signal. Historically, the 200-week exponential moving average has anchored multi-year cycles, but this year its reliability has been questioned. Cointelegraph has noted that the long-term EMA has failed to act as a clear support in 2026, complicating investor expectations for a durable bottom or renewed upside. As BTC approached the $68,300 region, traders watched to see whether the weekly close would restore any confidence in the metric or amplify the lingering bearish bias. Key takeaways Bitcoin remained under $69,000, testing the 200-week EMA near $68,300 as a critical reference point for the weekly close. Market psychology tilt...
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Modi Reviews Energy Risks as Iran Urges India to Arbitrate Conflict

Strait interference creates issues with supply The Strait of Hormuz manages a significant portion of the world oil exports and its blockage has strained the economies relying on imports. As a result, India is in danger because of its dependence on the crude and gas flows via this path. Nevertheless, officials assured that there are no delays in the delivery of fuel shipment, such as that of the United States and Russia. The Iranian President, Masoud Pezeshkian, encouraged India to take the independent position and apply it to contribute to the diplomatic processes and minimise the tensions. He has noted the role of India as a neutral voice that can have an impact in the conversation between the two. In addition, Tehran sees the current stand of India in global groupings as an avenue to promote de-escalation. In turn, Narendra Modi repeated the emphasis on the stability in the region and the safety of the critical infrastructure. Another point he made was the importance of maintaining o...
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