Strategy CEO Advocates Using Mortgages to Invest in Bitcoin Giant's STRC Preferred Shares

Bitcoin's rally to $78,000 faced resistance due to investor cost basis levels, with the average price paid for Bitcoin sitting at around $78,000. Institutional demand may absorb selling pressure at $83,000, while the 200-day moving average at $87,000 acts as a long-term trend indicator.

The Arbitrum Security Council froze 30,766 ETH worth $71.5 million connected to the KelpDAO exploit, moving the funds to an intermediary wallet. This emergency action was taken following law enforcement input about the exploiter's identity, making the funds inaccessible without further governance action.

Strategy has surpassed BlackRock's iShares Bitcoin Trust in BTC holdings, acquiring 34,164 BTC to reach a total of 815,061 BTC. Despite a smaller lead of over 12,000 BTC, this shift is symbolically significant given IBIT's rapid growth.

The hackers behind the $290 million Kelp DAO exploit have started laundering their stolen funds, with $1.5 million bridged from Ethereum to Bitcoin via Thorchain and $78,000 routed through Umbra. The exploit has prompted concerns over potential contagion to other blockchains, leading to increased scrutiny and actions like Arbitrum freezing $71 million in ETH.

Fireblocks, a cryptocurrency custody firm, is facilitating the issuance of a euro-backed stablecoin by the Qivalis consortium, consisting of twelve European banks. The stablecoin, regulated by the Dutch Central Bank and compliant with EU's MiCAR, aims to challenge the dominance of dollar-pegged stablecoins.

Reabold Resources is considering Bitcoin mining using a small-scale power generation facility in Yorkshire to fund gas field development. The firm's statement clarifies its intention to engage stakeholders for optimal development pathways.

Alcoa is considering selling its idle Massena East aluminum smelter in upstate New York to Bitcoin mining firm NYDIG. The site has been closed since 2014 due to high energy costs and global competition, making it suitable for digital asset mining operations.

The Strait of Hormuz has been closed since late February, with ships still turning back due to safety concerns. Despite a ceasefire, traffic remains minimal, impacting global oil prices and GDP growth projections.

RaveDAO's market cap plummeted by $6.6 billion after ZachXBT urged exchanges to investigate potential price manipulation. The token's value has dropped by 98% since the investigation began, causing concern among investors and industry experts.

In the past week, digital asset investment products experienced significant inflows, with Bitcoin leading the way with $1.12 billion. Ethereum also attracted $328 million, while XRP and Solana saw outflows of $56 million and $2.3 million, respectively.