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28 Mar 2026, 13:32

GameStop confirms holding 4,710 Bitcoin after SEC filing details strategic collateral move

GameStop confirmed in an SEC filing that it retains nearly all of its Bitcoin holdings. The BTC was moved as collateral for an options strategy, not sold as rumors suggested. Continue Reading: GameStop confirms holding 4,710 Bitcoin after SEC filing details strategic collateral move The post GameStop confirms holding 4,710 Bitcoin after SEC filing details strategic collateral move appeared first on COINTURK NEWS .

27 Mar 2026, 18:04

Crypto ETF Net Flows Plunge to Week’s Lowest Level as Bitcoin Tests $60K Support

The scale of outflows points to a cooling in institutional appetite, at least in the short term. After a period of relative stability, capital is now moving out of crypto-linked products, aligning with a broader risk-off tone across markets. On March 26, total crypto ETF outflows exceeded $264 million, marking the weakest daily flow of the week, according to Coinglass. Source: coinglass This shift is not occurring in isolation. ETF flows often act as a proxy for institutional positioning, and sustained outflows tend to coincide with increased downside pressure on underlying assets—particularly Bitcoin. Geopolitical Tension Drives Market Hesitation Macro uncertainty remains a key driver. Ongoing tensions linked to Iran, combined with delays in U.S. military decision-making, have kept global markets in a cautious stance. Crypto continues to track these developments closely. Rather than decoupling, it behaves as a high-sensitivity risk asset, reacting to geopolitical timelines and shifts in investor confidence. The current environment reflects hesitation rather than directional conviction. Bitcoin Tests Critical Support Zone Against this backdrop, Bitcoin is approaching a technically significant range. Price is testing support between $65,000 and $65,800, with the lower bound aligning with the 78.6% Fibonacci retracement level. This zone now acts as a pivot for short-term market direction. Support holds: A stabilization in this range could open the path for a relief bounce toward $69,000–$70,000. Support breaks: A decisive move below $65,000 would likely accelerate selling pressure, exposing the February low near $60,000 as the next downside target. How Market Narratives Influence Visibility Market drawdowns affect not only price action but also how projects are discovered and evaluated. Outset PR operates as a data-driven crypto PR agency that aligns communication strategy with market conditions. Media selection is based on measurable factors such as traffic, search visibility, and syndication potential, which allows projects to maintain consistent exposure during periods of declining market attention. Campaign timing and narrative positioning are calibrated to match active market themes, including macro-driven volatility and institutional flow dynamics. This approach supports sustained visibility in environments where organic reach becomes more selective and attention shifts toward high-signal content. Outlook The combination of ETF outflows and geopolitical risk creates a fragile setup. Institutional flows are weakening, and Bitcoin is testing a level that will likely determine short-term direction. If macro conditions stabilize and ETF flows recover, the market could regain momentum. If not, a break below support may shift focus toward the $60,000 range, reinforcing the current risk-off trend. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

27 Mar 2026, 17:02

David Sacks Quits White House Crypto Czar Role While High-Stakes Legislation Stalls

David Sacks is stepping down from his role as the White House’s crypto and AI czar, ending a brief stint that reshaped U.S. digital asset policy, though several key legislative efforts remain unresolved. Speaking to Bloomberg on Thursday, David Sacks said his role concluded after reaching the 130-day cap for special government employees. He’ll continue working with the administration as co-chair of the President’s Council of Advisors on Science and Technology, focusing on broader technology matters. “Moving forward as a co-chair of PCAST, I can now make recommendations on not just about AI, but an extended range of technology topics,” he told Bloomberg. “So yes, this is how I will be involved moving forward.” Sacks will co-lead PCAST with Michael Kratsios, joined by high-profile members including Nvidia’s Jensen Huang, Andreessen “a16z” Horowitz’s Marc Andreessen, early Coinbase backer Fred Ehrsam, Oracle’s Larry Ellison , and Meta’s Mark Zuckerberg . Sacks has been a key figure in the White House since Donald Trump appointed him in December 2024 as a top technology adviser. During his tenure, he helped shape the administration’s crypto agenda, championing market structure and stablecoin legislation and advocating for a U.S. strategic Bitcoin reserve as part of a broader effort to position America as a global crypto hub. He also pushed for clearer digital asset regulations and, like many in Trump’s circle, criticized the previous administration under Joe Biden for relying too heavily on enforcement. Key U.S. Crypto Legislation Hits Snag In his role as crypto and AI czar, David Sacks assisted the President’s Working Group on Digital Asset Markets in publishing a 166-page report in July that offered guidance on regulating the cryptocurrency sector. His departure comes as Washington lawmakers continue pushing for comprehensive crypto regulation. Proposed legislation aims to divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Last year, the House passed its market structure bill, the Clarity Act , with bipartisan backing. In January, the Senate Agriculture Committee advanced its own version along party lines, but progress has since stalled in the Senate Banking Committee, largely due to disagreements over how to treat stablecoin rewards.

27 Mar 2026, 16:30

No Bitcoin Sell-Off At GameStop, 4,710 BTC Still On Books

Two months of speculation ended Tuesday when GameStop confirmed it never sold its Bitcoin. The company pledged 4,709 of its coins to Coinbase Credit as collateral for a covered-call options strategy, according to its annual report filed with the Securities and Exchange Commission. Onchain Analysts Sounded The Alarm In January When onchain trackers spotted GameStop moving its entire Bitcoin stash to Coinbase Prime in January, the assumption spread fast — the company was selling. That reading turned out to be wrong. The transfer was part of a structured options play, not an exit. GameStop sold covered-call contracts with strike prices between $105,000 and $110,000, set to expire this Friday. Under that setup, the company collects premiums upfront and keeps the Bitcoin if buyers walk away without exercising the options. Some January contracts already expired unexercised. The company still holds one Bitcoin that was kept outside the collateral arrangement. The 4,709 pledged coins remain on the books — just reclassified. Why The Coins No Longer Appear As Directly Held Because Coinbase Credit can reuse pledged assets — a practice called rehypothecation — GameStop removed the 4,709 coins from its balance sheet as direct holdings and recorded them instead as a digital asset receivable. The company said in the filing that while the label changed, its exposure to Bitcoin’s price movements did not. That exposure has not been painless. The pledged coins were valued at $368 million as of January 31, with an unrealized loss of a little over $59 million recorded on that date. Bitcoin has fallen roughly 45% from its record high. The filing also shows a $2.3 million unrealized gain and a $700,000 liability tied to the options position. GameStop Entered Bitcoin After Cohen Met With Saylor Reports indicate chief executive Ryan Cohen met with Strategy chairman Michael Saylor in early 2025 to discuss corporate Bitcoin strategies. GameStop announced its move into Bitcoin shortly after. Before the Coinbase transfer, the company ranked among the top 25 corporate Bitcoin holders by size, according to bitcointreasuries.net. The SEC filing closes the chapter on what many read as an impending exit. GameStop holds its Bitcoin. It is losing money on paper. And it is now using the position to generate income while it waits. Featured image from Shutterstock, chart from TradingView

27 Mar 2026, 15:52

XRP Upgrade in Focus: $1 Billon Treasury Firm Highlights New Potential

Potential XRP Ledger upgrade changes the game by unlocking utility with dormant XRP being put to work.

27 Mar 2026, 15:47

Cardano Foundation Greenlights Budget Framework and Orion Fund, ADA Price to Rally?

Cardano has returned to focus after the Cardano Foundation confirmed support for three live governance actions. The updates arrive at a time when ADA remains under pressure on the weekly chart and trades near a long-term support zone that traders are watching closely. In a statement on X, the Cardano Foundation said it had voted yes on the Cardano DeFi Liquidity Budget Withdrawal 1, the Cardano Budget Process Framework facilitated by Intersect, and the Cardano x Draper Dragon Orion Fund. The foundation said the staged liquidity budget structure had legal and technical support, but it also called for transparency, operational, and security concerns to be addressed before any later 50 million ADA withdrawal. The foundation also backed the new budget process framework, saying it improves treasury management through strategic alignment, work package-based budgeting, and anti-spam measures. At the same time, it said future refinements may still be needed, including work around dynamic fees. On the Orion Fund vote, the foundation described the initiative as a sign that Cardano’s governance model can work with institutional venture capital structures. Governance Votes Add Focus to Cardano’s Development Path The three votes place treasury management, venture funding, and DeFi liquidity at the center of Cardano’s current governance cycle. The liquidity budget vote supports an initial withdrawal, but the foundation’s statement showed that further releases would depend on operational progress and clearer safeguards. That keeps budget execution tied to oversight rather than automatic follow-through. The budget framework vote also matters because it gives Cardano a more defined structure for treasury use. The foundation’s support indicates that the network is moving toward a process built around planning, work packages, and spending controls. That could affect how future proposals are reviewed and funded across the ecosystem. The Orion Fund vote added an institutional angle. The fund, tied to Draper Dragon, was presented as a bridge between decentralized governance and venture capital. For market participants, that vote signals that Cardano’s development agenda is extending beyond protocol maintenance and into broader capital formation. These decisions came as Cardano-related products outside the main ADA token also gained visibility. That has added another layer to the current market narrative around the ecosystem. Midnight Listing and Bank Deal Expand Cardano-Linked Activity Midnight, the privacy-focused network tied to Cardano through zero-knowledge technology, has been listed on Australia-based CoinSpot. The listing allows users on the exchange to buy, sell, and trade NIGHT, extending the token’s reach in one of the region’s larger crypto markets. Midnight launched in December 2025 and has since attracted attention as privacy remains an active theme in digital asset markets. Cardano founder Charles Hoskinson has also spoken about Midnight’s token model. He said protocol revenue could be used to buy NIGHT and recycle it into the Midnight treasury, supporting a funding structure while keeping supply deflationary. He also referred to Midnight’s capacity exchange mechanism as one of the project’s core design features. Midnight has also drawn attention through a deal involving UK-based Monument Bank. According to the project’s latest announcement, Monument plans to tokenize up to £250 million in retail customer deposits on public blockchain infrastructure built on Midnight. The structure is designed to keep deposits fully backed, redeemable in pounds, and protected under current regulatory frameworks. Hoskinson has said Cardano remains part of that broader picture. He noted that many commercial deals involving Midnight are expected to include a Cardano component, which keeps ADA tied to the growth of linked infrastructure across the network. ADA Weekly Chart Tests Major Support Zone While governance and ecosystem news have improved focus on Cardano, ADA’s weekly chart still shows a bearish structure. Price has fallen back toward the $0.249 to $0.259 support zone, an area that has previously acted as a floor. Traders now view that range as a critical level for near-term direction. The broader pattern remains weak because ADA has continued to print lower highs after failing to hold above the $0.547 mid-range level. The decline from the 2025 high near $1.195 also confirms that sellers have remained in control on the higher timeframe. Even so, this support area has previously led to strong rebounds, which keeps it technically important. Source: X If buyers defend the $0.249 to $0.259 area, ADA could attempt a relief move back toward $0.547. A stronger recovery would require a clear break above that zone and firmer buying pressure. If the support band fails on a weekly closing basis, the chart would open the way to a deeper downside move, as this area appears to be the last major visible floor in the current structure.