The U.S. advances plans for its Bitcoin Strategic Reserve as part of its goal of becoming a leader in digital assets. What’s the current state of the Reserve and why does it matter? …

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Ripple has partnered with Chipper Cash to drive faster and more affordable cross-border payments across Africa. Announced on March 27, the partnership will bring Ripple’s blockchain-based payment technology to Chipper Cash’s millions of users in nine African countries. The integration will allow Chipper Cash customers to access Ripple Payments, a solution that enables swift international […]

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BlackRock’s new European Bitcoin exchange-traded product (ETP) is a major step for Bitcoin’s institutional adoption in Europe, though analysts expect lower inflows than its US counterpart.

The iShares Bitcoin ETP, managed by the world’s largest asset manager, began trading on March 25 on Xetra, Euronext Amsterdam and Euronext Paris.

While the launch marks a significant step in bringing Bitcoin (BTC) exposure to European investors, analysts at Bitfinex said the product is unlikely to match the success of the US-based iShares Bitcoin Trust exchange-traded fund (ETF), which has seen strong demand from institutional and retail investors.

“The US spot Bitcoin ETFs benefited from pent-up institutional demand, a deep capital market and significant retail investor participation,” Bitfinex analysts told Cointelegraph, adding:

“The presence of a BlackRock Bitcoin ETP in Europe still represents progress in terms of mainstream adoption, and as regulatory clarity improves, institutional interest could grow over time.”

They added that although Europe’s Bitcoin ETP market may develop at a slower pace, it remains a key part of Bitcoin’s global adoption story.

BlackRock, which oversees more than $11.6 trillion in assets under management, could encourage broader adoption of Bitcoin investment products in Europe and open new pathways for institutional capital to enter the crypto market.

Over in the US, institutional adoption of Bitcoin ETFs surged to over 27% during the second quarter of 2024 when over 262 firms invested in Bitcoin ETFs, Cointelegraph reported on Aug. 16.

Related: BlackRock increases stake in Michael Saylor’s Strategy to 5%

BlackRock’s global reputation may build momentum for European Bitcoin ETP adoption

BlackRock’s global reputation and expertise may “gradually build momentum” for European Bitcoin ETPs, according to Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo.

“Modest inflows shouldn’t be interpreted as a failure but rather as a function of structural differences in the market,” Kalchev told Cointelegraph, adding:

“Long-term success in Europe may depend less on first-week flows and more on consistent access, education and infrastructure — elements BlackRock is well-positioned to deliver.”

While BlackRock’s European fund may not replicate the explosive growth of its US Bitcoin ETF, this should be “seen in context, not as a red flag,” considering the smaller European market’s limited liquidity.

Related: Michael Saylor’s Strategy surpasses 500,000 Bitcoin with latest purchase

BlackRock’s US spot Bitcoin ETF briefly surpassed $58 billion, making it the world’s 31st-largest ETF among both traditional and digital asset funds as US Bitcoin ETFs surpassed $126 billion in cumulative BTC holdings, Cointelegraph reported on Jan. 31.

BlackRock’s ETF currently accounts for over 50.7% of the market share of all spot US Bitcoin ETFs, valued at $49 billion as of March 27, Dune data shows. 

Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

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Learn MoreBlackRock Bitcoin ETP ‘key’ for EU adoption despite low inflow expectations

[PRESS RELEASE – Palo Alto, California, March 27th, 2025] Walrus, the decentralized storage platform originally developed by Web3 infrastructure builder Mysten Labs, celebrates its much-anticipated Mainnet launch today. Joining the Walrus ecosystem on Day 1 is Web3 animation and entertainment brand Claynosaurz. Featuring a vibrant collection of claymation-style dinosaur characters, Claynosaurz’s family-friendly brand creates interactive […] …

Learn MoreWalrus Welcomes Claynosaurz as Mainnet Launch Partner

Argentine President Javier Milei is facing a sharp drop in public trust following his controversial connection to the LIBRA memecoin collapse. A national poll measuring trust in Milei following the LIBRA scandal showed that 57.6% of Argentinians no longer trust the president, while 36% remain supportive and 6.4% are undecided. This suggests that nearly six […]

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SUI and TON are the two top gainers from the larger-cap alts today. …

Learn MoreSUI Shoots Up by 9% Daily, BTC Recovers After Sub-$86K Drop (Market Watch)

Since 2017, XRP has tended to surge in late stages of the bitcoin bull run, marking a point where BTC ultimately peaked. …

Learn MoreLike DOGE, XRP Going Vertical Is a Good Indicator of Market Froth, Bitcoin Peaks

A crypto whale who allegedly manipulated the prize of the Jelly my Jelly (JELLY) memecoin on decentralized exchange Hyperliquid still holds nearly $2 million worth of the token, according to blockchain analysts.

The unidentified whale made at least $6.26 million in profit by exploiting the liquidation parameters on Hyperliquid.

According to a postmortem report by blockchain intelligence firm Arkham, the whale opened three large trading positions within five minutes: two long positions worth $2.15 million and $1.9 million, and a $4.1 million short position that effectively offset the longs.

When the price of JELLY rose by 400%, the $4 million short position wasn’t immediately liquidated due to its size. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), which is designed to liquidate large positions.

Related: Polymarket faces scrutiny over $7M Ukraine mineral deal bet

In more troubling revelations, the entity may still be holding nearly $2 million worth of the token’s supply, according to blockchain investigator ZachXBT.

“Five addresses linked to the entity who manipulated JELLY on Hyperliquid still hold ~10% of the JELLY supply on Solana ($1.9M+). All JELLY was purchased since March 22, 2025,” he wrote in a March 26 Telegram post.

The entity continues selling the tokens despite Hyperliquid freezing and delisting the memecoin, citing “evidence of suspicious market activity” involving trading instruments.

The JELLY token’s collapse is the latest in a series of memecoin scandals and insider schemes looking to capitalize on investor hype. 

The exploit occurred only two weeks after a Wolf of Wall Street-inspired memecoin — launched by the Official Melania Meme (MELANIA) and Libra (LIBRA) token co-creator Hayden Davis — crashed over 99% after launching with an 80% insider supply.

Related: Polymarket whale raises Trump odds, sparking manipulation concerns

Lessons from the JELLY memecoin meltdown: “Hype without fundamentals”

“The JELLY incident is a clear reminder that hype without fundamentals doesn’t last,” according to Alvin Kan, chief operating officer at Bitget Wallet.

“In DeFi, momentum can drive short-term attention, but it doesn’t build sustainable platforms,” Kan told Cointelegraph, adding:

“Projects built on speculation, not utility, will continue to get exposed — especially in a market where capital moves quickly and unforgivingly.”

While Hyperliquid’s response cushioned short-term damage, it raises further questions about decentralization, as similar interventions “blur the line between decentralized ethos and centralized control.”

The Hyper Foundation, Hyperliquid’s ecosystem nonprofit, will “automatically” reimburse most affected users for losses related to the incident, except the addresses belonging to the exploiter.

Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge

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Learn MoreHyperliquid whale still holds 10% of JELLY memecoin after $6.2M exploit