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Crypto News

Bitcoin Dips Below $83,000

Bitcoin fell below $83,000, with a 24-hour decline of 0.65%.

Strategy’s Latest Purchase Adds 130 Bitcoin to Its Massive Reserve

Michael Saylor’s Strategy has resumed its Bitcoin buying.

After a brief pause, the business intelligence firm has snapped up another $10.7 million worth of BTC, adding 130 coins to its already massive stash, bringing its total holdings to nearly half a million. 

Changpeng 'CZ' Zhao Says He Has An 'Unpopular Opinion' On Using Crypto For AI Fees: 'Not Every Agent Needs Its Own Token'

Changpeng Zhao, the founder of the world's biggest cryptocurrency exchange Binance, advised artificial intelligence agent services to focus on utility rather than launching their own coins on Monday.

Zhao, popularly known as CZ, posted his “unpopular opinion” on AI agents and their connection to the cryptocurrency world.

“While crypto is the currency for AI, not every agent needs its own token,” CZ stated. “Launch a coin only if you have scale. Focus on utility, not tokens.”

Binance’s former CEO added that agents can utilize existing cryptocurrencies to get paid for the services they provide.

North Korea Surpasses El Salvador in Bitcoin Holdings, Fueled by Bybit Hack

North Korea surpassed El Salvador and Bhutan in Bitcoin (BTC) holdings after the Lazarus hacker group converted stolen assets from the Bybit hack into Bitcoin, according to Arkham data as of March 17.

Arkham data shows that Lazarus, responsible for the record $1.5 billion Bybit hack, converted the stolen Ether to 13,518 Bitcoin (worth $1.14 billion).

The group also holds nearly 13,791 Ether and 5,022 Binance Coin (BNB), valued at $26.68 million and $3.16 million, respectively.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday (Mar 17) was $274.59 million. The total net asset value of Bitcoin spot ETFs is $94.48 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.67%.

The Bitcoin spot ETF with the highest net inflow on Mar. 17 was Fidelity Wise Origin Bitcoin Fund , with a net inflow of $127.28 million. The second highest net inflow was ARK 21Shares Bitcoin ETF , with a net inflow of $88.53 million.