Crypto
Bitcoin holds $70,000 as oil surges near $100 amid Iran tensions
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Bitcoin has maintained its position around $70,000 despite a sharp rise in oil prices driven by escalating tensions with Iran. U.S. stocks tumbled on concerns over energy costs and private credit issues, while President Trump prioritized stopping Iran over price worries. Later, Treasury Secretary Scott Bessent's announcement on Russian oil eased some pressures, pushing Bitcoin toward $72,000.
Democrats are escalating their criticism of President Donald Trump's family-linked cryptocurrency ventures as midterm elections approach in November. Leading figures like Senator Elizabeth Warren have called for investigations into projects such as World Liberty Financial. The strategy aims to highlight potential conflicts of interest amid Trump's pro-crypto policies.
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A group of investors has filed a proposed class action lawsuit against JPMorgan Chase, accusing the bank of enabling a $328 million cryptocurrency Ponzi scheme operated by Goliath Ventures. The suit claims the bank ignored obvious red flags while processing hundreds of millions in transactions for the fraudulent operation. More than 2,000 victims are said to have been affected.
Revolve Labs, a Colorado-based company, has withdrawn its application to build a cryptocurrency mining facility in Moose Lake, Minnesota. The decision follows public concerns over noise and environmental impacts raised during hearings. City Administrator Ellissa Owens confirmed the withdrawal.
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Crypto infrastructure provider Zerohash filed an application on March 4, 2026, for a national trust bank charter from the Office of the Comptroller of the Currency (OCC), mirroring Morgan Stanley's February filing for its Morgan Stanley Digital Trust subsidiary. The move bolsters partnerships for institutional crypto services amid a surge in similar applications from crypto firms.
Following initial market drops after U.S.-Israel strikes on Iran, President Donald Trump's hints that the conflict could end soon fueled a cryptocurrency rally. Bitcoin climbed past $71,000, pushing total market cap to $2.41 trillion amid rising optimism.
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Pi Network has successfully completed its protocol v19.9 migration earlier this month, with the v20.2 version set for release around March 12. The project also unveiled a case study on using Pi Nodes for AI computing. The PI token has risen about 30% in the past week, reaching a three-month high of $0.23.
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