From the assessment that Bitcoin has the potential to create a "counter-trend" price surge in the coming months to the launch of gold-backed tokens by the Central Bank of Bahrain, here are some notable news from the crypto market.
A crypto strategist who accurately predicted Bitcoin's correction in January believes the top asset still has room to grow this year.
Analyst Benjamin Cowen told his 987,300 Watchers on the X platform that Bitcoin will create a "counter-trend" price surge in the coming months.
But Cowen emphasized that he is closely monitoring the critical price levels of BTC during this correction to determine whether its uptrend has ended.
"Essentially a sharp decline in Q1 2025, a counter-trend BTC/USD rally in Q2/Q3 as most ALT/BTC pairs decline, followed by a decline in Q4 2025, leading to a bearish trend in 2026.
It's unclear whether a counter-trend rally in Q2/Q3 can reach a new all-time high for BTC.
If BTC drops below $70,000 in the coming weeks, then a future rally will form a lower high.
If BTC holds above $70,000, then a future rally could still reach a higher high."
A lower high suggests the Bitcoin bull market has ended because the bulls failed to muster enough buying pressure to push the top asset above the current ATH of $108,000.
On the other hand, a higher high would indicate that BTC will surge above $108,000, sustaining the bull market.
33 U.S. states are pushing Strategic Bitcoin Reserve bills
A total of 33 U.S. states are pushing Strategic Bitcoin Reserve bills, paving the way for wider adoption. If successful, this move could encourage greater institutional investment in the crypto market nationwide.
Globally, the push for Bitcoin integration in the U.S. is putting pressure on Europe, where regulators maintain a cautious stance.
If the U.S. successfully integrates Bitcoin into its financial system, the EU may be forced to reconsider its approach to maintain competitiveness.
The European Central Bank (ECB) remains skeptical about Bitcoin, but increasing adoption in the U.S. could challenge the bank's position.
The crypto data tracking platform Arkham has added a new feature for X users with over 100,000 Watchers, the company wrote on the X platform on Saturday.
This feature allows users to track the wallets of individuals labeled as "leaders" in the crypto space.
Arkham users can now easily monitor the digital asset transactions of entrepreneurs Justin Sun, Ethereum co-founder Vitalik Buterin, BitMEX co-founder Arthur Hayes, U.S. President Donald J. Trump, and other industry heavyweights. As of March 8, the platform has compiled over 950 addresses from more than 1,000 entities.
Arkham has identified wallet transactions from these key figures, signaling behaviors that could impact the market or other notable trends.
Two administrators of the Russia-based Garantex exchange are facing criminal charges in the U.S. for allegedly facilitating money laundering for hackers, ransomware groups, and terrorist organizations.
The U.S. Department of Justice (DOJ) named Aleksej Besciokov, 46, and Aleksandr Serda, 40, in an indictment accusing them of violating U.S. sanctions.
Prosecutors allege the two individuals knowingly allowed Garantex to be used to launder funds from cybercrime, terrorism, ransomware, and drug trafficking.
Prosecutors said Garantex "received hundreds of millions of dollars in criminal proceeds" and processed at least $96 billion in crypto transactions since 2019.
1inch faced an incident in the early morning of March 6 due to a vulnerability in the platform's outdated smart contract version. After negotiation and receiving a generous bounty, the attacker returned the funds.
WuBlockchain reported: "After negotiating with the hacker, most of the $5 million stolen from 1inch has been returned, with the hacker keeping a portion as a bug bounty."
1inch explained in a blog post on March 7 that the security breach was due to a flaw in the smart contract of the Fusion v1 resolver. The team detected the issue around 1:00 am Vietnam time on March 6.
The attackers exploited a logic bug in Fusion v1 to execute unwanted transactions.
According to data from Cookie Fun, the AI Agents sector continues its downtrend, with the total market capitalization falling below $5 billion. In the past 24 hours, the sector has declined 5.6%, seeing its capitalization around $4.59 billion.
Solana's AI Agents ecosystem has seen its market capitalization drop below $2 billion, while the Virtual ecosystem has fallen below $1 billion.
Overall, the AI Agents sector has declined around 77.5% from its peak, reflecting persistent downward pressure in the market.
Crypto hackers have targeted internet service providers (ISPs).
According to a technical report from Splunk, Cisco's security and observability platform, a major attack campaign has targeted over 4,000 addresses corresponding to internet service providers in China and the U.S. West Coast through brute-force attack efforts.
"These IPs have been targeted by using a mass scanning tool, allowing operators to scan a large number of IP addresses and then probe for open ports and credential attacks," the report stated.
This campaign aims to access servers to: deploy information-stealing software, scan content and screenshots to find crypto addresses and private keys, and install malicious software to exploit crypto.
ATME of Bahrain, a regulated digital asset exchange, has launched gold-backed Tokens for the first time in the Kingdom, with the support of the Central Bank of Bahrain.
These Tokens, each representing 1 kg of gold, provide recognized investors with a secure and modern way to invest in gold without the challenges of physical storage.
ATME's CEO, Alex Lola, emphasized this is an important step, combining the stability of gold with blockchain technology, and plans to expand the platform to include other asset classes, driving finance in the region.
The Governance Token of Avalon Labs - AVL, has recorded a 24-hour Trading Volume of $36.47 million on Bithumb after its recent listing, surpassing Bitcoin's trading volume on this platform.
This achievement has placed AVL in the third position by 24-hour Trading Volume on Bithumb, the second-largest cryptocurrency exchange in South Korea.
Avalon Labs is focused on developing USDa, a Bitcoin-backed stablecoin, and expanding its Bitcoin DeFi ecosystem. The increase in AVL's Trading Volume highlights investors' interest in the project and its vision for the decentralized finance space.
Brazil's Postal Service Selects Blockchain and AI Experts
Brazil's national postal service, Empresa Brasileira de Correios e Telégrafos, has launched a selection process to hire Blockchain and Artificial Intelligence (AI) experts to develop solutions for logistics and operational management.
The process was published in the country's official gazette, Diário Oficial da União, on Friday, seeking proposals to support the digital transformation of the agency's services.
The initiative, called Licitação Seleção Prévia e Diálogo nº 25000001/2025 CS, focuses on finding advanced technology solutions to modernize business processes, operations, and internal supply chain management.
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Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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Viet Cuong
