SBI Holdings has broadened its XRP rewards initiative to encompass several of its subsidiaries. The latest addition is a group company called SBI ARUHI, which joins the existing roster of participants. This expansion increases the reach of the program across multiple entities within the SBI group.
On March 12, Bitcoin, Ethereum, Solana, and XRP exchange‑traded funds experienced significant net movements. BlackRock, Fidelity, and Bitwise showed a mix of inflows and outflows within their cryptocurrency portfolios. The analysis titled “Bitcoin and Ethereum ETFs Show Diverging Trends in March Fund Flows” was originally published on COINTURK NEWS.
Adobe shares tumbled 8.85% on March 13, closing at $249.48 after briefly hitting $248.01. The slide occurred despite Q1 revenue of $6.40 billion and adjusted EPS of $6.06, both beating estimates. The stock opened at $248.81, rose to $256.70, then fell as investors digested the news. Volume rose to 5.69 million, slightly above the 5.48 million average. CEO Shantanu Narayen announced his retirement after more than 25 years, prompting uncertainty. His departure comes as AI challengers such as Canva and Stability AI press Adobe’s Creative and Document clouds. Analysts praised the earnings but warned that the leadership transition could affect Adobe’s ability to defend its software moat. Adobe lifted its Q2 revenue guide to $6.43‑$6.48 billion and expects EPS of $5.80‑$5.85, with ARR up 10.2%. Morningstar keeps a $380 fair‑value target, while Piper Sandler cut its price target to $540. Technicals show the price below the 50‑day ($288) and 200‑day ($340) moving averages, with support near $244‑$248 and resistance around $260‑$270. CoinCodex projects the stock near $218 by end‑2026, reflecting AI‑related pricing pressure.
Bybit released an AI Trading Skill that lets users trade, retrieve market data, and manage assets via natural language on any major AI assistant such as ChatGPT, Claude, or Gemini. The tool requires no installation, SDKs, or configuration files, offering instant access. Compatibility spans all leading AI platforms, and the skill updates automatically with Bybit’s system. The skill interfaces with Bybit’s full trading suite through 253 API endpoints, covering price queries, spot and derivatives orders, leverage, stop‑loss, and batch operations. Additional modules support on‑chain earn products, account balances, deposits, withdrawals, and currency conversion. Real‑time WebSocket streams enable margin lending, price‑difference orders, and bulk RFQ pricing without a traditional UI. New users start on a testnet to trial AI commands before handling real funds, and every live transaction needs explicit confirmation. Secure API authentication protects credentials, and all AI requests undergo platform safety checks. Bybit, the world’s second‑largest crypto exchange with over 80 million users, leverages this AI integration to merge ease of conversation with enterprise‑grade security.
Canada’s unemployment rate jumped to 6.7% in February 2025, the highest level since August 2023, up 0.5 percentage points from January. The labor force survey recorded about 1.4 million job‑seekers, while the employment rate slipped to 61.4%. These changes reflect a sharp month‑over‑month loss of roughly 34 000 jobs nationwide. Young workers were hit hardest, with youth unemployment rising to 12.8% from 11.9%. Core‑aged unemployment rose to 5.6% and seniors to 5.9%. Provincial rates varied: Alberta reached 7.2%, Ontario 6.9%, Quebec 6.1%. Manufacturing shed 16 000 positions and construction 8 000, while healthcare added 9 000 and hospitality 7 000 jobs. The 6.7% rate ends a 19‑month stretch of sub‑6% unemployment and signals broader economic headwinds from global uncertainty and higher interest rates. Underemployment grew, with more workers cutting hours. Economists now project an average 6.4% unemployment for 2025, prompting calls for Bank of Canada policy tweaks and targeted job programs. Canada’s joblessness now exceeds that of the United States (4.1%) and is above the European Union average (6.4%). Export‑dependent sectors such as automotive and natural resources face declining demand, intensifying domestic labor market pressures.
The Bureau of Economic Analysis cut the U.S. Q4 2024 GDP growth to a 0.7% annual rate, far below the 1.4% preview and the slowest expansion in three quarters. Revised data show consumer spending rose only 1.8%, business investment fell 2.1%, and government outlays added modestly to growth. A narrower trade deficit and smaller inventory buildup also dragged the figure down, prompting market surprise. Higher Fed interest rates began to curb borrowing and spending, weakening consumer confidence amid persistent inflation. Global demand softened, reducing exports of manufactured goods and agriculture. Manufacturing output contracted, residential investment fell 3.2%, and equipment spending slipped 1.9%, highlighting sectoral strain. Treasury yields dropped, with the 10‑year yield falling 8 basis points, while tech stocks rose and financials slipped. Analysts warn the revision signals deeper softening, but caution that single‑quarter swings can be statistical. The Fed is expected to weigh the data closely before adjusting its policy stance. First‑quarter 2025 indicators are mixed: consumer spending appears resilient, yet manufacturing surveys show ongoing contraction. Economists now forecast full‑year 2025 growth of 1.5%‑2.0%, down from earlier 2.0%‑2.5% estimates. The revision may lead businesses to temper investment and hiring plans as policymakers balance inflation control with growth support.
In Q1 2026 Ripple Labs unlocked about 3 billion XRP from its 2017 escrow, following the scheduled 1 billion per month release. Roughly 900 million of those tokens stayed in circulation, worth $1.28 billion on March 13. The company returned ~2.1 billion XRP to escrow, leaving over 33 billion still time‑locked. Released XRP is not automatically sold on exchanges; Ripple distributes it via OTC sales, liquidity for payment corridors, ecosystem incentives, and treasury transfers. The 900 million unlocked tokens are earmarked for operational use or further distribution. This approach follows Ripple’s long‑standing escrow schedule. CEO Brad Garlinghouse says periodic XRP sales fund Ripple’s operations and acquisitions. In early 2026 GTreasury acquired Solvexia and announced a purchase of BC Payments to secure an Australian FS License. Ripple also plans a share‑repurchase program up to $750 million while its valuation nears $50 billion.
Binance Alpha removed 21 altcoins, including SHARD, FST, BNB Card, MILK and others. The exchange said trading of the tokens will still be possible but urged users to research before buying. Prices plunged shortly after the announcement, with most assets dropping double‑digit percentages. Delisting reduced liquidity and hurt the reputation of the affected coins, mirroring Binance’s 2025 bans on KDA, FLM and PERP that also triggered steep falls. Some tokens, such as BNB Card, fell 70‑80%, while others like MILK slipped 6‑7% daily. The pattern shows that Binance’s support is a key price driver for many low‑volume projects. Earlier this week Binance paused Ethereum withdrawals and deposits to apply an upgrade, a routine step it has taken for Cardano, BNB Smart Chain and other ecosystems. The pause lasted about an hour before normal operations resumed. Meanwhile, the exchange expanded its stablecoin‑U pairs, adding new spot markets for assets such as BNB, ETH, XRP, SUI, AVAX and LINK.
Sui (SUI) rose by 6.7% and Cardano (ADA) increased by 5.8%, which lifted the index higher.
U.S. Defense Secretary Pete Hegseth said Iran's armed forces are noticeably weakened. Sanctions, aging equipment and overextension in proxy wars have eroded readiness across the IRGC and regular units. Iranian officials are retreating to hardened bunkers, signaling a defensive posture. Intelligence gathered over months confirms these trends. Hegseth revealed that newly appointed Supreme Leader Mojtaba Khamenei appears to have suffered facial injuries in a recent combat incident. Such a wound could undermine his perceived invincibility and affect internal power balances. Analysts warn that leadership vulnerability may prompt policy shifts or internal instability. Iran has threatened to disrupt shipping through the Strait of Hormuz, a chokepoint for about 20% of global oil. The U.S. Fifth Fleet and allied navies maintain constant patrols and rapid‑response forces to keep the waterway open. Any successful blockade would spike oil prices and trigger worldwide economic fallout. Despite Iran's setbacks, it retains a sizable missile arsenal and proxy networks, while rivals Saudi Arabia and Israel pursue modernization. Normalization deals between Israel and Arab states have altered the regional security calculus. Continued monitoring is essential for global energy security.
Coinbase has placed Billions (BILL) on its asset‑listing roadmap, indicating the token could be tradable on the exchange in the future. Before receiving full approval, the token will undergo detailed technical, regulatory, and commercial assessments. The announcement appears in the article “Coinbase Moves Billions (BILL) Token Closer to Official Listing,” first published on COINTURK NEWS.
Bitcoin rebounded to exceed $72,000, driven by better‑than‑expected U.S. inflation figures. Despite the price gain, ongoing geopolitical tensions and a disappointing U.S. GDP report are keeping investors uneasy. The article titled “Bitcoin Climbs Back Above $72,000 as US Data and Geopolitical Tensions Jostle Crypto Markets” provides additional context. The story was originally published on COINTURK NEWS.
The USD/INR pair is trading around 84.5, close to its all‑time high of 84.63. Relentless demand for the US dollar is pushing the rupee to historic resistance levels. Market participants in Mumbai, New York and other hubs are watching the RBI for possible intervention. This surge reflects a broader shift in capital flows and investor sentiment. Key technical markers show the pair near the 84.50 zone, with the RSI above 70 and MACD indicating continued bullish momentum. The DXY index remains above 106, underscoring dollar strength. Fed‑driven higher US yields and safe‑haven demand outpace India’s current‑account deficit, foreign portfolio outflows and soaring oil import bills, all adding pressure on the rupee. The Reserve Bank of India holds over $600 billion in reserves and steps in to smooth excess volatility rather than defend a specific level. Its policy focus is on orderly markets and reserve building. Meanwhile, the US Federal Reserve’s quantitative tightening reduces global dollar liquidity, further supporting the currency’s rise. Import‑intensive sectors such as electronics and machinery face higher costs, raising inflation risks. Export‑driven industries like IT services and pharmaceuticals gain competitiveness from the weaker rupee. Future direction hinges on Fed policy shifts and improvements in India’s capital inflows.
Coal India Ltd’s shares climbed this week as investors expect a summer surge in power demand. On Friday the price fell to ₹462.30 from ₹470.10, marking a modest intraday dip. Despite the slip, the stock remains up nearly 5% over the last five trading sessions. The movement reflects broader optimism about higher electricity consumption. India ranks second globally in both coal production and consumption, importing about 15% of its use. Coal still generates roughly 70‑87% of the nation’s electricity, even as renewable capacity expands. CIL supplies more than 80% of domestic coal, positioning it at the center of the anticipated demand rise. Anticipated hotter temperatures and tighter gas supplies are expected to push power usage higher. The government predicts increased summer demand from electric cookers and battery‑powered infrastructure. LPG allocations prioritize households, with essential non‑domestic sectors such as hospitals receiving limited supplies. The Coal Ministry reports a total stock of 210 million tonnes, enough for about 88 days of consumption. Projected FY 2025‑26 coal use is slated to stay below current production, signalling readiness for a demand spike.
AI agents must be able to conduct transactions. Stablecoins provide programmable currency that moves at the speed of software. The economy driven by autonomous machines is closer than many anticipate.
Statistics Canada will release the February 2025 Labour Force Survey on March 7, with consensus expecting the unemployment rate to rise to about 5.8‑6.0%, up from January’s 5.7%. The increase follows several months of gradual labor‑market softening driven by higher rates, demographic growth and post‑holiday seasonal effects. This data is a key gauge of economic slack ahead of the Bank of Canada’s March 12 policy meeting. After a strong rebound in 2023‑24 that pushed unemployment to historic lows and accelerated wage growth, the Bank’s aggressive rate hikes have begun to cool demand. Job vacancy rates have fallen, wage growth is moderating, and total hours worked are slowing, signalling the intended rebalancing of the economy. The February report will show whether this cooling remains orderly or accelerates. A higher unemployment figure would indicate growing slack, reducing inflationary pressure and supporting a steady‑rate stance or even future cuts. Conversely, a surprisingly strong jobs picture could signal lingering inflation risks, prompting the Bank to stay hawkish. The labour data will be weighed alongside CPI and GDP trends in the March deliberations. Goods‑producing sectors such as construction and manufacturing are most vulnerable to higher rates, while services like health care remain resilient. Regional disparities may emerge, with debt‑heavy provinces showing more softness and resource‑rich areas staying stable. These nuances will help the Bank assess whether weakness is broad‑based, shaping its policy path for the rest of 2025.
Former President Donald Trump warned of a “very hard” attack on Iran within a week during a January 2025 campaign event, sparking immediate alarm in diplomatic and financial circles. The phrase implies a strike more severe than previous U.S. actions, such as the 2020 killing of Qasem Soleimani. Analysts are evaluating the credibility of the claim and its potential to destabilize the already tense U.S.–Iran relationship. The threat revives long‑standing issues: Iran’s nuclear program, regional proxy support, and maritime security in the Strait of Hormuz. International reactions included calls for restraint from the UN and concerns from European allies, while regional powers engaged in quiet consultations. Legally, Trump holds no executive authority; any military move would need presidential or congressional approval, and a preventive strike could conflict with international law. Financial markets reacted sharply, with Brent crude rising over 4% and safe‑haven assets gaining value. Prolonged tension could keep oil prices high, affecting global inflation and growth, especially in energy‑dependent regions like the EU. U.S. forces in the Gulf would likely go on heightened alert, and Gulf Cooperation Council members would face pressure to choose between supporting U.S. actions or avoiding further regional escalation.
Latest ONS data shows UK GDP flat for two quarters, while CPI stays above the BoE’s 2% target. BBH economists warn that stagnant growth combined with 4‑5% inflation signals rising stagflation risk. The pound has fallen 2.3% against the dollar in the past month as investors price lower rate‑rise expectations. Flat GDP, core inflation at 4.2%, a 1.8% drop in manufacturing output and near‑record low consumer confidence mirror 1970s stagflation but are driven by post‑pandemic supply bottlenecks and geopolitical tensions. Unemployment is steady at 4.3%, limiting fiscal stimulus options. Traditional monetary tools lose effectiveness when higher rates could choke growth further. GBP/USD trading volume surged 35% after the GDP release, with technical support around 1.2500 and the 200‑day average at 1.2750. Capital outflows and rising demand for protective options have pushed investors toward the dollar. Hedge funds are trimming pound exposure and seeking safe‑haven assets such as gold, which is up 8% YTD. BoE Governor Andrew Bailey calls the path “narrow,” and the MPC now expects only one more rate hike in 2025, down from three previously forecast. Lower rate expectations weaken the pound, while forward guidance becomes crucial for market stability. Analysts advise monitoring upcoming inflation reports and BoE statements for further direction.
BNP Paribas analysts warn that eurozone inflation remains above the ECB’s 2 % target, driven by sticky services prices and accelerating wages. Core inflation at 2.6 % and services inflation at 3.2 % suggest a deeper shock than previously expected. The outlook has shifted market expectations from rate cuts to possible hikes in 2025. Energy price volatility, tight labour markets and costs from the energy transition sustain price pressures across the region. Past episodes show delayed responses often require more aggressive later adjustments. The ECB monitors diverse inflation dynamics in southern and northern member states, complicating policy choices. European bond yields have risen as investors price in higher rate‑risk. Equity volatility has increased, particularly in rate‑sensitive sectors, while the euro has strengthened against major currencies. These moves affect exporters and help curb imported inflation. BNP Paribas models now project at least one additional ECB rate hike in 2025, with more aggressive scenarios if inflation stays persistent. Higher borrowing costs would raise mortgage rates, impact corporate investment and lift government financing expenses. The banking sector could see improved margins but also higher credit risk if growth slows.
CEO Phong Le sold 2,034 vested shares of Strategy (MSTR) for $279,174 at $137.25 per share, as reported in a Form 4 filing. The transaction used a pre‑arranged 10b5‑1 plan, a common method for scheduled insider sales. This sale represents less than 4% of his direct holdings, indicating a routine diversification move. Strategy continues its aggressive push to hold Bitcoin, now owning about 214,400 BTC valued at over $15 billion. The company funds purchases through convertible notes, preferred stock offerings, and debt secured by its Bitcoin treasury. A recent $800 million preferred‑stock raise was earmarked for further Bitcoin acquisition. Le’s compensation includes significant equity grants, with most shares vesting over time, creating natural selling opportunities. His total equity position exceeds 50,000 shares, so the recent sale is a minor portion of his stake. Similar insider transactions by other executives have been disclosed without market disruption. The filing caused minimal price movement, suggesting investors view the sale as routine. Strategy’s stock has risen roughly 450% over three years, driven by confidence in its Bitcoin‑focused model. SEC rules require timely disclosure, and the use of a 10b5‑1 plan ensures compliance and transparency.
Adani Total Gas Limited’s share price has jumped more than 32% in the last five trading sessions. The stock rallied to ₹644.85 on Friday, up over 6% from the prior close of ₹607.60. At the time of writing it trades around ₹614.70, reflecting continued investor optimism. The Indian government issued the Natural Gas (Supply Regulation) Order, 2026, assigning priority gas access to essential domestic, commercial and industrial users. ATGL, a city‑gas distributor, praised the move and warned its industrial customers to curb usage amid tighter supplies. The firm highlighted the order’s focus on domestic PNG, CNG, and industrial/commercial PNG deliveries. India relies on imports for more than half of its natural‑gas needs, with many shipments passing through the Strait of Hormuz. Iranian forces have blocked the passage, using it as a pressure tool against the US and its allies. Analysts expect the blockage to persist, prolonging supply disruptions and keeping gas markets volatile.
Danske Bank notes that oil prices stay high because of persistent supply risks. Geopolitical instability, OPEC+ output cuts and underinvestment create a risk premium baked into prices. Global inventories are below five‑year seasonal averages, confirming a tight market. Spare capacity is limited to a few Middle Eastern producers, increasing vulnerability. Chokepoints such as the Strait of Hormuz and the Red Sea can instantly disrupt 20% of seaborne crude flows. OPEC+ deliberately restricts output while non‑OPEC nations face slowing production growth. Aging infrastructure and regional conflicts further threaten pipelines and export terminals. Elevated oil costs act as a tax on global growth, fuelling inflation and prompting cautious central‑bank policies. Consumers face higher transport, heating and goods prices, while energy‑intensive industries see squeezed margins. Emerging economies, heavily reliant on imports, are especially exposed. Danske Bank’s base case expects continued volatility within a defined range, supported by the risk premium. A sharp escalation in geopolitical tensions could push prices to new highs, whereas diplomatic breakthroughs or a sizable OPEC+ production increase may relieve pressure. Traders must stay agile as news flow drives market sentiment.
TRUMP futures suffered $744 K in forced liquidations within one hour, ranking third among crypto derivatives. The liquidations occurred while the token surged about 33 % to $3.79. High leverage amplified the impact of the rapid price move. Overall crypto futures saw $9.02 M liquidated, with Bitcoin at $3.74 M and Ethereum at $804 K. TRUMP futures accounted for roughly 8.25 % of the hour’s total liquidations, far above its usual market share. This indicates excessive leverage among traders of this asset. Tokens tied to political figures react strongly to news, social media and celebrity endorsement. Low liquidity and retail‑driven speculation further intensify price swings. Consequently, short positions were wiped out even as the price rose. The event highlights the need for strict margin controls, modest position sizes and diversification. Leveraged traders must maintain sufficient buffer margin, especially on assets with erratic price action. Proper risk protocols can prevent cascading liquidations in such volatile markets.
The Orion Fund proposal requests 50 million ADA and is now active on-chain. It aims to drive a bold expansion of the ecosystem under the leadership of Draper Dragon. Community members are invited to decide whether to support the initiative. The voting deadline is April 15, and the proposal outlines specific growth targets for the fund.
