crypto

Yaël Bizouati-Kennedy3/28/25

Bitcoin sinks, taking Strategy and others with it

Bitcoin’s started the week over $87,000, but is ending the week down, with the price dropping roughly 3% today to about $84,000. This seems to be dragging down bitcoin-holding company Strategy, which is down over 6% as of 11:45 a.m. ET. Earlier this week, Strategy CEO Michael Saylor announced that the company now holds more than half a million bitcoin (506,137 bitcoin to be precise), or 2.4% of the total bitcoin supply.

US crypto exchange Coinbase and retail trading app Robinhood are also slumping as the broader crypto market flashes red, with ethereum and XRP dropping over 5%.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)

There were hopes that the price of bitcoin could reach new highs this week, after GameStop announced a bitcoin reserve. These hopes didn’t last long, as GameStop crashed after it announced a $1.3 billion private offering of convertible senior notes, which traders absolutely hated.

Trump Media & Technology Group’s announcement that it had partnered with Crypto.com to launch several crypto ETFs via the Truth.Fi fintech brand didn’t push bitcoin or overall crypto prices higher, either.

More Crypto

Standard Chartered predicts ethereum will more than double this year

The investment bank thinks the prospects for ethereum have improved, citing BitMine’s continued buying, stablecoin adoption, the plan to increase the network’s throughput, and the passage of crypto-focused legislation.

Fortune Teller Looking in a Crystal Ball

Yaël Bizouati-Kennedy

Standard Chartered still sees bitcoin hitting $150,000 in 2026

The firm expects bitcoin to hit a new all-time high in the first half of the year, and predicts the asset will hit $500,000 in 2030.

bitcoins on the eyes

Polygon’s token leads early gains on Friday, nearing a 2-month high

Transaction fees, which are paid in the network’s native token and also burned, have reached record levels.

Old Computer

Yaël Bizouati-Kennedy

Analysts see “signs of stabilization” for bitcoin ETFs, previous crypto position reduction “behind us”

Bitcoin ETFs have seen over $1.1 billion leave the funds in the past three days, but the worst may be over, JPMorgan analysts say.

Bitcoin balloon deflated

crypto

Sage D. Young1/8/26

Trump-connected WLFI token jumps to 3-month high on news of banking application

World Liberty Financial’s token, WLFI, is the top cryptocurrency gainer in the last 24 hours, peaking at a three-month high of 18.5 cents after the Donald Trump-backed crypto firm announced that a proposed entity has applied for a US banking charter.

According to a press release, World Liberty Trust Company filed a de novo application with the Office of the Comptroller of the Currency, a branch of the US Treasury Department tasked with supervising and regulating national banks.

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services.

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1.

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

Exclusive | World Liberty, Flagship in Trumps’ Crypto Fleet, Seeks a U.S. Banking License

With a national trust bank charter, World Liberty Trust can issue USD1, the dollar-backed stablecoin rolled out by World Liberty Financial last year. The trust company also plans to offer digital asset custody and stablecoin conversion services.

Even though World Liberty Financial and World Liberty Trust Company share similar branding and names, the ownership and operating structures are different, a statement provided to CoinDesk explained. President Trump is labeled as World Liberty Financial’s cofounder emeritus, while his three sons, Eric, Donald Jr., and Barron, are cited as cofounders.

The Office of the Comptroller of the Currency under the Trump administration has already approved bank charter applications from several firms, including Circle Internet Group, Ripple, and BitGo, which maintains all reserve assets backing USD1.

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