The defense for Chen Zhi filed a motion in New York, arguing the government’s claims lacked concrete evidence against him regarding the Bitcoin seizure.
U.S. Authorities seized 127,271 Bitcoins valued at around 15 billion USD. Following international sanctions, numerous regions have frozen over 1 billion USD in assets related to the scam.
Solmate, a publicly traded company, is proposing a reverse stock split as part of a strategic refocus toward building Solana infrastructure in the United Arab Emirates. The company plans to divest from its sports portfolio by winding down two soccer teams to concentrate resources on its Solana treasury and blockchain development initiatives.
The cryptocurrency market capitalization has decreased by approximately 1.16 trillion USD over the last six months, showcasing a significant downturn. In contrast, the AI sector has raised about 140 billion USD since February 2026, illustrating stark differences in investment patterns.
Public attention towards AI has surpassed interest in cryptocurrencies since 2021, as indicated by search data. Despite the strong funding for AI, AI-related tokens, including Fetch.ai, currently valued around 15 billion USD, have not experienced corresponding growth.
Experts, including Maria Carola, highlight a monetization gap between rapid AI investment and the underperformance of AI tokens. AI tokens remain influenced by the overall cryptocurrency market trends, indicating their dependency on broader market dynamics.
On March 11, Kled AI, part of the Solana ecosystem, announced its seed funding of 5.5 million USD. The funding round was backed by notable investors including Waymo’s Sebastian Thrun and Aglaé Ventures.
Kled AI aims to develop a marketplace for human data, allowing users to upload and contribute data. With over 12,000 datasets available, it caters to AI labs and companies for training purposes.
Jensen Huang emphasizes that AI dominance will not eliminate jobs but rather create a demand for skilled labor to support the buildout of infrastructure essential for AI technology, which is expected to reach trillions in value.
HUMA trading volume is $13.41m. Market capitalization reaches $54.16m.
The Crypto Fear & Greed Index has fallen to 15 out of 100, registering extreme fear across the market. This sentiment gauge, which measures investor emotions based on volatility, market momentum, and social media activity, indicates heightened anxiety among traders and investors. Readings below 25 typically suggest pronounced market pessimism, though historically such periods have also preceded recovery rallies.
SUI has gained 7.3% over 24 hours amid Bitcoin’s rise above 70,000 USD. It is crucial for SUI to break through 1.05 USD to instigate a bullish trend.
While trading volume increased by 64%, long-term trends highlight a cooling in activity. SUI’s price oscillates between 0.85 USD and 1.01 USD, indicating that sustained demand is necessary for further gains.
Arthur Hayes, co-founder of BitMEX, announced he won’t increase his Bitcoin holdings during ongoing conflicts in the Middle East. He is waiting for the Federal Reserve to restore its money printing policies before making any investments.
Hayes warns that ongoing geopolitical tensions might trigger significant sell-offs in both the stock and Bitcoin markets, possibly dropping BTC prices below 60,000 USD. Although he predicts Bitcoin could reach 250,000 USD by 2026, he maintains a cautious approach to investing.
Gold and silver prices reversed earlier gains following new tensions related to Iran, according to market data. The precious metals had bounced during the session but failed to hold those increases as geopolitical concerns weighed on sentiment. Investors typically monitor geopolitical developments as they can influence safe-haven demand for precious metals.