March 5: Bitcoin holding at $70k!
Daily Crypto News5 Maalis

March 5: Bitcoin holding at $70k!

Top Stories of the Day

  • Bitcoin’s Consolidation Phase: Bitcoin has retreated toward the $71,000 mark after failing to sustain its breakout above $74,000. While market conviction is currently thin, long-term allocators have reportedly been quietly adding to their positions during recent dips.
  • Link: Bitcoin pulls back to near $71,000
  • NYSE Owner Backs OKX: In a landmark deal, Intercontinental Exchange (ICE) has invested in the OKX exchange at a $25 billion valuation. The partnership plans to bring tokenized stocks and new derivatives to the market later this year.
  • Link: NYSE Parent Invests in OKX at $25B Valuation
  • Morgan Stanley Funds AI-Crypto Pivot: Bitcoin miner Core Scientific secured a massive $1 billion loan facility from Morgan Stanley to expand its data centers for high-performance computing and AI workloads.
  • Link: Core Scientific secures up to $1B credit from Morgan Stanley
  • Revolut’s Second U.S. Banking Push: Fintech giant Revolut has officially filed for a U.S. banking license for the second time, aiming for direct access to the Fedwire and ACH payment networks.
  • Link: UK Fintech Revolut Applies for US Banking License
  • The "Seized Crypto" Heist: Authorities in France have arrested the son of a U.S. government contractor, John Daghita, for allegedly stealing $46 million in crypto from seizure wallets managed by his father's company.
  • Link: Authorities nab suspect accused of stealing $46m in crypto
  • Federal Charter for Stablecoins: Infrastructure provider ZeroHash has applied to the OCC for a national trust bank charter to streamline its regulated stablecoin operations under a single federal framework.
  • Link: ZeroHash Applies to OCC for National Trust Bank Charter
  • Global Adoption Milestones: Cardano's ADA is now a payment option at 137 Spar supermarkets in Switzerland, while Kraken has secured limited master account access from the Kansas City Fed.
  • Link: Cardano's ADA Token Now Accepted at Spar Supermarkets


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