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Blockstream CEO Adam Back is bullish on Bitcoin and predicts a new ATH this weekend. As per the recent tweet, the odds are high for Bitcoin prices to reach new highs this long weekend.
Adam Shared the top catalyst fueling BTC Price; first, traditional markets are closed and thus GBTC cannot be dumped. Second, the coinbase won’t crash again as the volume is low compared to February, and the third reason he cited is that BTC needs only 3 $1000 Candles to shit new ATH.

A federal judge decided on Thursday that Sam Bankman-Fried must serve 20 years in jail for the fraud and conspiracy that finally brought down his once-dominant cryptocurrency exchange, FTX, according to Reuters. A year after FTX filed for Chapter 11 bankruptcy, in November, Bankman-Fried was found guilty on seven criminal counts. Judge Lewis Kaplan made his decision known during a hearing in a Manhattan courthouse. Expected to challenge his conviction, the former CEO of FTX could not file an appeal until after Kaplan’s sentencing ruling.

Sam Bankman-Fried was quiet and articulate, but he mostly restated his claim that FTX had the assets necessary to compensate investors at the time of the company’s failure. He talked about the suffering he had caused his former clients and coworkers, Caroline Ellison and Gary Wang among them, who had testified against him in court. “To Judge Lewis Kaplan, I know a lot of people feel really let down,” he remarks. “They all put a lot of effort into building something really lovely, and then I threw everything away.” He continues, “It haunts me every day.”

Kaplan rejected the defense’s assertion that FTX investors and consumers had not suffered any losses since they would be reimbursed through bankruptcy. This startling shift in language follows the judge’s calculation that, in addition to the $1.3 billion lost by the failure of SBF’s hedge fund Alameda Research, investors in the company lost $1.7 billion, and users of the defunct cryptocurrency exchange lost $8 billion (£6.3 billion).

According to Inner City Press, the judge stated that SBF’s standard in this case is life imprisonment, which would be a maximum of 1,320 months (110 years). After the liquidator sold SOL for $10 billion at a 70% discount, victim Sunil accused them of violating creditors’ property rights. As a result of the FTX fraud, at least three people committed suicide. Additionally, the judge determined that FTX’s deception cost more than $550 million in total. More beyond that is “just gravy,” Kaplan said, referring to the fact that additional losses would not raise the top end of the guidelines.

Microstrategy is not shying away from accumulating more BTC even amidst the market downturn. Notably, with its latest acquisition, MicroStrategy now has more Bitcoin in its reserves, than the U.S. and China. CryptoQuant CEO Ki Young Ju revealed that MicroStrategy’s Bitcoin holdings now total approximately 214,000 BTC which has surpassed the Chinese government’s 194,000 BTC, and the U.S. government’s 210,000 BTC in its reserves which is also 1% of the total BTC . The bold move underscores Saylor’s unwavering confidence in Bitcoin, Despite which the crypto market is down amid Bitcoin ETF outflow concerns.

Lucie took to X to provide an update regarding SHIB: The Metaverse, which is Shiba Inu’s metaverse project. A short clip was shared showing the progress made by the developer’s team on the project. Significant plans are set to be unveiled in subsequent updates. Lucie hinted that TREAT, an upcoming Shiba Inu ecosystem token, could be a considerable part of the SHIB: The Metaverse plan. The TREAT token is being developed to perform multiple functions, providing liquidity to the upcoming SHI stablecoin and replacing BONE as the official reward token for ShibaSwap, the Shiba Inu decentralized exchange. The users of SHIB: The Metaverse and players of the blockchain version of Shiba Eternity will also earn rewards. The team has yet to disclose an official launch date.

Shiba Inu’s marketing lead’s 40 million SHIB accumulation sparked immense curiosity among crypto market enthusiasts globally. Following its emergence amid the meme token’s recent dip below $0.00003, this accumulation rode the highly optimistic buy-the-dip wave, fueling optimism among enthusiastic crypto market investors. According to the post shared by the marketing lead LUCIE on X, the community member made the colossal SHIB purchase, considering the ‘buy-the-sip’ market sentiment. As per her post, “If someone can pull a miracle recovery, it’s SHIB.” As of writing, the Shiba Inu token’s price noted a 0.99% rise in the past 24 hours and is currently trading at $0.00002534.

The Shiba Inu Team is confident in outperforming Dogecoin in valuation, as expressed in X.It says that the DOGE days are numbered, and SHIB has secret wags that cannot be revealed yet and exclaims that ‘Much Wows are Incoming.’ Shiba Inu is determined to be the top and prominent memecoin. Notably, Shiba Inu is no longer just a meme coin where its ecosystem blockchain, Shibarium, offers various utilities to the crypto development space. Shiba Inu briefly overshadowed Dogecoin in late 2021, attaining its ATH. However, Dogecoin reclaimed and has remained within the top ten through the years.

The XRP token, backed by Ripple Labs, created speculation in waves today as a renowned XRP whale shifted 24.7 million XRP, worth $15.04 million, to Bitstamp and continued dumping until XRP’s price dipped to $0.5. What showcased upward momentum over the past few days, topping to $0.7, this whale’s dump has turned on bearish sentiment for XRP’s with speculation over its price ahead. This drop has also reflected the market corrections in recent days, with BTC down to $61K. A broader market downtrend followed by altcoins, curated with BTC’s plunge, has further pulled down XRP’s price. It is currently trading at $0.5927.

Argentines are reportedly moving much of their savings to Bitcoin to counter the 276% inflation, one of the world’s highest inflation rates. Bitcoin is being used to safeguard their wealth instead of exchanging pesos for dollars. The Bitcoin purchases in Argentina are at a 21-month high, with Lemon reporting a significant increase in transactions, with almost 35,000 purchases of Bitcoin recorded in the week ending March 10. This portrays a growing trend among Argentines to seek financial stability amidst the massive recession. The government has also been supportive of crypto investments.

BTC plunged over 8% and dropped to $62,000 on Tuesday, its biggest single-day (UTC) percentage decline since November 2022 due to the FTX collapse. This price correction can be directly linked to the Spot ETF outflows; as per data published by the Investment firm Farside, a net outflow of $326 million from the spot ETFs was recorded. On Monday, Grayscale’s ETF witnessed a record outflow of $643 million. The BTC price has been down by 15% from its new ATH of $73,500. Ether (ETH), the second largest, peaked at around $4,000 but declined to $3,130, probably due to the spot ETF approval delay.

An unknown whale address has realized up to $23.5 million from investing in Shiba Inu in under two months. Following this large purchase, Shiba Inu continued to trade until February 28, when the price exploded. At its peak on March 5, Shiba Inu traded as high as $0.000045, with the whale gaining substantial profits. Further, the whale shuffled his portfolio when Shiba Inu was still around $0.00009, moving 500 billion of his SHIB holdings to Gate.io and adding 200 billion tokens from Binance. Lastly, on February 27, the addresses added 100 billion tokens, just before Shiba Inu’s run began. The trader moved around 241 billion Shiba Inu tokens to Binance, with Shiba Inu trading at an average of $0.000029 on the day and realizing up to $6 million from the sale.

Japan’s state pension fund is all set to explore Bitcoin as a potential portfolio diversification tool over significant economic and social changes and technological advancements. The Government Pension Investment Fund (GPIF), the world’s largest pension fund, which has $1.4 trillion in AUM has requested data on investment diversification tools like bitcoin and gold, which it does not hold currently. While it seeks information on BTC, there is no guarantee of investing in BTC only. GPIF currently invests in domestic bonds, domestic stocks, foreign bonds, foreign stocks, private equity, real estate, and infrastructure.