Your Daily Crypto - 6th March


Today’s Top Caps (Excludes Stablecoins)

BTC $68K (-5.5%)

ETH $1990 (-6.3%)

BNB $629 (-4.1%)

XRP $1.35 (-4.9%)

SOL $84 (-6.4%)

Source: Coinmarketcap

 

Today's Top Gainers

H, RIVER, M, KITE, PI

Source: Coinmarketcap 24HR Top100

 

Top ETF Tracker

BTC -227M, ETH -85M,

SOL -6M, XRP -6M.

Source: Coinmarketcap / Coinglass

 

Today's Top Headlines

As a stark reminder for everyone in Crypto to always Stay Frosty.. a crypto whale known as “sillytuna” reportedly lost $24M after armed attackers forced them to give access to their wallet at their home.

The funds were drained in a single transaction and later routed across multiple protocols, with Arkham Intelligence tracking the movement across 47 addresses, with roughly $21M still on-chain.

Sillytuna said on X “$24 million dollar theft of AUSD from 0x6fe0fab2164d8e0d03ad6a628e2af78624060322

Involved violence, weapons, kidnapp and rape threats. Obvs police involved.

Please pass on to all those who trace such things.

And now... definitely out of crypto. ****ers.

Still have limbs, phew”

They have also offered a bounty saying “10% bounty for returned funds, even if you are the attackers (assuming substantial). Prefer money back and move on.”

Source: CryptoTimes / Sillytuna

According to a filing in the U.S. District Court for the Southern District of New York, the SEC has dismissed the claims it brought in 2023 against Justin Sun, the Tron Foundation and the BitTorrent Foundation.

Meanwhile, Rainberry, formerly BitTorrent Inc., agreed to pay a $10 million civil penalty to the SEC. The case had alleged unregistered securities sales of TRX and BTT and market manipulation.

Source: TheBlock

Yet another Stablecoin launches with Western Union launching USDPT Stablecoin on Solana network.

Western Union has partnered with Crossmint to launch USDPT, a new stablecoin issued on Solana, highlighting growing adoption of blockchain based payment rails for global money transfers.

Source: Crypto_TownHall

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Coinbase CEO and Execs face shareholder lawsuit over disclosure and compliance failures.

A Coinbase shareholder has filed a derivative lawsuit against CEO Brian Armstrong and several members of the company's board and executive team, alleging they misled investors about risks tied to custody practices, securities listings, and anti-money laundering controls.

The lawsuit alleges that between April 2021 and June 2023, Coinbase leadership breached fiduciary duties and issued "materially false and misleading statements" that exposed the company to regulatory scrutiny and legal liabilities.

Source: BSCNews

Publicly listed Bitcoin mining companies have offloaded more than 15k BTC since October.

Key sales include:

Cango sold 4,451 BTC in February (about 60% of its reserves).

Bitdeer liquidated its entire Bitcoin treasury last month.

Riot Platforms made multiple BTC sales in December.

Core Scientific plans to sell approximately 2,500 BTC in Q1.

MARA Holdings' latest filing discloses flexibility to buy and sell BTC, with current holdings exceeding 53k BTC.

The draw down in price since october could be the main reason, however some of the miners we know are expanding into AI data centres too, and are selling Bitcoin to fund the expansion.

Source: WuBlockchain

Binance rejects allegations in Sen. Richard Blumenthal’s probe over Iran-linked activity, calling the reports “false and defamatory.”

Source: Cointelegraph

Pakistan has passed the Virtual Assets Act 2026, creating the PVARA regulator to license crypto exchanges and custodians for the country’s 40 million crypto users.

Source: Coinbureau

 

Until Next Time, Stay Frosty!

 

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