22m agoBitcoin Trades 20–25% Below Estimated Miner Production Costs as Onchain Metrics Flag Structural Market StressBitcoin is trading around $68,000–$69,000, roughly 20–25% below an estimated average miner production cost of $89,000–$91,000, with EntityAdjusted NUPL near 0.2 indicating a historical fear zone as unrealized profits compress across the network. Mining conditions reflect this pressure as hashrate fluctuates between 980 and 1,150 EH/s and hashprice holds near $30–$32 per PH/s/day, leaving margins tight and prompting some miners to liquidate reserves or explore AI data center infrastructure to diversify revenue. CryptoQuant data show the Interexchange Flow Pulse has formed a golden cross above its 90-day average, a pattern that previously aligned with early-cycle accumulation phases in 2016, 2019, and early 2023 while BTC consolidates near $68,000–$71,000. Stablecoin capitalization stands at $312.95 billion, up 0.87% weekly and 3.73% monthly with USD Coin's supply climbing 9.34% in thirty days as OTC desk BTC balances fall, even as subdued spot-to-derivatives ratios and tighter macro credit conditions leave Bitcoin hovering near the $67,900 Realized Price threshold in a fragile equilibrium.22m agoBitcoin Falls Below $70,000 as 32,000 BTC Exit Centralized ExchangesBitcoin briefly traded below $70,000 on Friday as U.S. equity futures declined and oil prices rose, market data from Ted Pillows and TradingView show. CryptoQuant data show nearly 32,000 BTC, worth approximately $2.26 billion, withdrew from centralized exchanges on Wednesday, with weekly outflows totaling roughly 47,700 BTC through Friday. Around $1.1 billion in stablecoin liquidity moved onto trading platforms in early March before netflows turned negative by about $37.5 million as Bitcoin withdrawals accelerated, CryptoQuant reported. CoinGlass data show Bitfinex recorded its largest single-exchange Bitcoin outflow since June 2025, with sustained negative netflows and transfers to cold storage suggesting potential spot accumulation during the consolidation phase, according to analyst Axel Adler Jr.22m agoQuantum Computing Advances Spur Security Review of Bitcoin, Ethereum and XRPQuantum computing progress has prompted researchers and developers to assess long-term security risks for major cryptocurrencies including Bitcoin, Ethereum and XRP. Analysts estimate about 6.89 million BTC are held in addresses potentially vulnerable to future quantum attacks, including roughly 1.91 million BTC in early pay-to-public-key addresses and around 4.98 million BTC in addresses where public keys have appeared on-chain, some dormant for over a decade and widely linked to Satoshi Nakamoto holdings. Most networks today rely on elliptic curve cryptography that could theoretically be broken by sufficiently powerful quantum machines running algorithms like Shor's, though such systems do not yet exist at practical scale and many cryptographers view the threat as distant. Supporters of the XRP Ledger say its validator-based model could allow faster changes to cryptographic standards if new security demands arise, while Bitcoin and Ethereum's decentralized governance may slow quantum-resistant upgrades that require broad consensus.37m agoNvidia shares fall 1.30% premarket on potential US export controls and China sales cap at 75,000 unitsNvidia shares fell 1.30% in premarket trading after Bloomberg reported the US government is weighing new export control measures for AI chips. The Trump administration, through the Commerce Department, is considering rules requiring approval for all chip exports, with shipments of up to 1,000 GPUs facing a simplified process while orders above 200,000 units would need licenses, which could also affect AMD. US authorities have placed Alibaba on an entity list and are reportedly planning to cap Chinese customers' purchases of Nvidia chips at 75,000 units, with similar AMD shipments counted toward that limit. Despite China-related revenue pressures, Nvidia reported fourth-quarter revenue of $68 billion, exceeding guidance by $3 billion, with its share price trading between $170 support and $197 resistance.37m agoUSDC Accounts for 70% of Record $1.8 Trillion Stablecoin Transfers in FebruaryUSDC accounted for roughly 70% of February's record $1.8 trillion in onchain stablecoin transfers, handling about $1.26 trillion while USDt processed around $514 billion, Allium data show. Despite USDt's larger market cap, USDC's transfer activity has consistently surpassed USDt in recent months, according to Moonrock Capital's Simon Dedic and onchain data. Arkham reported that more than $3 billion in USDC was minted in the first week of March as USDt supply remained comparatively flat, while CryptoQuant analysis shows roughly $66.5 billion in stablecoins held on exchanges — including a single-day March inflow of about $5.14 billion — pointing to stronger buying power returning to the crypto market. Regulatory discussions in jurisdictions such as Florida, together with Circle's previously reported strong Q4 2025 earnings linked to USDC business growth, frame a market environment where stablecoins are increasingly central to liquidity and settlement, the cited sources said.37m agoU.S. Spot XRP ETFs Record $16.62 Million Net Outflows on March 6U.S. spot XRP exchange-traded funds posted total net outflows of $16.62 million on March 6, SoSoValue data show. No XRP ETF recorded inflows during the session. 21Shares' TOXR product led redemptions with $10.6 million in outflows.42m agoBinance publishes 40th asset reserves report: BTC holdings at 631K, ETH at 3.87M, USDT at 36.4BBinance released its 40th Proof of Reserves on Mar. 1, showing user BTC balances at approximately 631,000 BTC, down 1.25% or 8,004 BTC from the Feb. 1 report. User ETH holdings stood at around 3.87 million ETH, a decrease of 7.35% or 307,203 ETH. User USDT balances totaled roughly 36.4 billion USDT, down 0.98% or about 360 million USDT.49m agoTrump Says Iran Will Be Hit Very Hard Saturday, More Targets Under ReviewUS President Donald Trump said Iran would be hit very hard on Saturday, adding that additional targets are being considered, according to a statement posted on Truth Social. Trump indicated that both the range of areas and the groups being targeted could be expanded, though no operational details were provided. The warning comes against the backdrop of escalating geopolitical tensions involving Iran.1h agoStablecoin Trading Volume Reaches Record $1.8 Trillion in February, USDC Accounts for 70%Stablecoin markets recorded $1.8 trillion in trading volume in February, a monthly high, Allium data cited by Cointelegraph show. USDC accounted for approximately 70% of the activity with $1.26 trillion in volume, while USDT reported $514 billion in trades during the month.1h agoKey U.S. CPI, Core PCE and UK GDP Data in Focus Amid Rising Stagflation RisksChainThink noted that on March 7, escalating tensions in Iran and uncertainty over future developments drove sharp market swings, while recent figures point to the Federal Reserve facing both higher inflation and weaker employment, raising stagflation concerns. Key data releases in the coming week include U.S. February New York Fed one-year inflation expectations on Monday at 23:00 Beijing Time, U.S. February unadjusted CPI and core CPI year-over-year along with seasonally adjusted monthly CPI and core CPI on Wednesday at 20:30, and UK January monthly GDP, manufacturing and industrial output, plus the seasonally adjusted goods trade balance on Friday at 15:00. ChainThink also highlighted Friday 20:30 releases of the U.S. Core PCE Price Index annual and monthly rates, U.S. personal spending monthly rate, revised U.S. Q4 real GDP annualized quarterly rate and durable goods orders monthly rate, followed at 22:00 by U.S. January JOLTS job openings, March preliminary one-year inflation expectations and the University of Michigan consumer sentiment index. Stronger-than-expected monthly core CPI and core PCE readings may bolster the U.S. dollar, while weaker data could pressure the dollar and support a rebound in spot gold, and Oracle (ORCL.N) is scheduled to report earnings after the U.S. market close on Tuesday, Jin10 reports.
