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IREN orders 50,000 Nvidia GPUs and files for a $6 billion offering to fund AI cloud infrastructure expansion
Major Bitcoin miners like TeraWulf, Cipher Mining, and Bitdeer are pivoting from pure mining to AI data centers
Pepeto presale has raised $7.5M and is developing a full exchange with cross-chain bridge, zero-tax trading, risk scoring, and portfolio tracking
Bitcoin Hyper presale has raised $31.5M but faces competition from established L2 solutions.
Deep Dive
The cryptocurrency landscape is witnessing a significant shift as major players like IREN, a prominent Bitcoin miner, are pivoting from traditional mining to AI infrastructure. IREN has placed an order for over 50,000 Nvidia GPUs and is planning a potential $6 billion offering to fund this expansion. This move mirrors a broader trend, with other large miners such as TeraWulf, Cipher Mining, and Bitdeer also reportedly moving away from pure mining towards high-performance computing and AI data centers.
Amidst this industry-wide pivot, traders are actively seeking promising crypto presale opportunities. Pepeto has emerged as a frontrunner, having raised $7.5 million and currently developing a fully functional exchange. Unlike many other presale projects still in the planning stages, Pepeto is in full development mode, backed by a SolidProof audit, which is attracting serious investor interest.
Pepeto's platform features a user-friendly interface that includes a cross-chain bridge connecting Ethereum, BNB Chain, and Solana, a zero-tax trading engine, a risk-scoring system for tokens, and a comprehensive portfolio tracker. This integrated infrastructure allows users to seamlessly bridge assets and assess token risks without leaving the platform, positioning Pepeto as a trusted project for significant investment.
The development is reportedly led by a co-founder of the Pepe ecosystem, who previously managed a token that reached a $7 billion market cap. Additionally, Pepeto offers a 209% APY staking option, which aims to compound positions daily and reduce supply before the official listing.
In contrast to Pepeto's progress, other presale projects are encountering hurdles. Bitcoin Hyper, which aims to be a Layer 2 solution using the Solana Virtual Machine for faster Bitcoin transactions, has raised approximately $31.5 million. However, it faces significant competition from established L2 solutions like Arbitrum, Base, and the Lightning Network, potentially limiting its growth prospects.
Mutuum Finance, a decentralized lending protocol, is also facing a crowded market. The DeFi lending sector is heavily dominated by established players like Aave and Compound, which collectively manage billions in Total Value Locked (TVL) and have years of proven security. This crowded niche suggests limited potential for explosive returns compared to projects like Pepeto, which offers a complete exchange solution.
The strategic shift by major crypto operators like IREN and TeraWulf towards utility and infrastructure highlights a key trend in the current market cycle. Investors are increasingly recognizing that real value accrues in the development of robust infrastructure. Pepeto's presale success, with $7.5 million already committed, reflects this investor conviction in projects building tangible utility.
The article draws a parallel to the success of Solana meme coins like Bonk, emphasizing the importance of timing in crypto investments. It suggests that the current entry window for Pepeto presents a similar opportunity for significant gains before its listing permanently reprices the token.
Source, catalyst, and sector overlap from the latest feed.
Bitcoin price fell 3.29% to $70,355 after touching $74,000. $471 million in crypto derivatives were liquidated in 24 hours, with $348 million from short positions. Geopolitical tensions between the US, Israel, and Iran are impacting Bitcoin's correlation with gold. Key support level for Bitcoin is between $70,000-$71,000; a break below could lead to $67,500.
Chinese crypto whale Wei Zhao predicts Bitcoin could reach $500,000 by year-end. AI agents may adopt crypto wallets as default payment for automated transactions. Coinbase and Circle are developing infrastructure for AI-driven crypto transactions. SpaceX and xAI are reportedly increasing involvement with Bitcoin and blockchain.
Intercontinental Exchange (ICE) has invested in OKX at a $25 billion valuation. OKB price surged nearly 30% following the news of the ICE investment. The investment signals potential institutional integration and expanded trading services. OKB is attempting a structural breakout above the $95-$100 level, targeting $120-$130 resistance.
Bitcoin and Ethereum ETFs experienced $320 million in outflows on March 5. Bitcoin spot ETFs saw $228 million in outflows, with BlackRock's IBIT leading withdrawals. Ethereum spot ETFs recorded $90.94 million in net outflows. BlackRock's ETHA ETF was an outlier, attracting $30.25 million in inflows.
Bitcoin exchange supply drops to 1.17 million BTC, lowest since December 2017. Non-empty Bitcoin wallet count reaches an all-time high of 58.45 million. Bitcoin price is testing the $74,000 resistance zone, with potential to retest $100,000 if trendline is reclaimed. On-chain data suggests accumulation phase with potential for a supply-driven rally.
OKB price increased 23% in 24 hours following investment news. Intercontinental Exchange (ICE), NYSE parent, invested in OKX at $25B valuation. Partnership aims to bring tokenized NYSE stocks and futures to OKX by late 2026. Investment added approximately $640 million to OKB's market value.
BlockDAG (BDAG) is in its final private sale phase at $0.0005, closing March 5, 2026. Analysts project BDAG could reach a top 50 market cap with potential for 100x gains. Ethena price shows volatility with whale accumulation, trading between $0.10 and $0.14. Dogecoin price prediction for 2026 ranges from $0.09 to $0.22, driven by sentiment.
BlackRock reportedly acquired significant amounts of BTC and ETH via Coinbase Prime. Purchases occurred ahead of an anticipated FOMC emergency announcement. BTC price rose to $73,337 and ETH to $2,150 following the reported accumulation. Transactions are linked to BlackRock's iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA).
Bitwise donated an additional $233,000 to Bitcoin developers from BITB ETF profits. Total Bitcoin developer donations from Bitwise now exceed $383,000. BITB ETF has attracted approximately $2.2 billion in net inflows since its launch. Traditional finance may adopt on-chain infrastructure faster than previously anticipated.
Dubai's VARA regulator has ordered KuCoin to cease operations in the region. KuCoin is accused of operating without the necessary virtual asset service licenses. This follows a similar prohibition against KuCoin's European arm by Austria's financial regulator. KuCoin is a top 10 exchange by trading volume.
US bank regulators confirmed tokenized securities will have the same capital requirements as traditional ones. The rule is technology-neutral, meaning blockchain type does not alter capital treatment. Tokenized securities can now be used as financial collateral under existing legal standards. Banks must meet strict legal, operational, and AML compliance standards for tokenized securities.
US crypto market evolving with gradual structural changes, not just speculation. Institutional participation is expanding with firms exploring custody and tokenized instruments. Blockchain development continues to accelerate, improving efficiency, security, and scalability. Investor attitudes are shifting towards a more analytical and long-term approach.
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Analyst PlanC suggests Bitcoin's correction may be over, with the price bottoming near $60,000 after a 52% drop. A long-term Bitcoin-to-gold ratio analysis indicates a potential 14-month cycle low, aligning with historical patterns. Large BTC outflows from Bitfinex were likely internal treasury adjustments, not indicative of widespread investor withdrawals. Market momentum may shift as economic data turns supportive, suggesting the start of the next bull market phase.

Spot Bitcoin ETFs experienced $227.9 million in net outflows on March 5. Spot Ethereum ETFs also saw significant outflows totaling $90.9 million. Institutional demand for Bitcoin ETFs shows volatility, with major withdrawals from BlackRock and Fidelity. The shift in ETF flows coincides with Bitcoin trading near the $71,000 level.

Vancouver city staff recommend against holding Bitcoin in municipal reserves. Staff determined Bitcoin is not an allowable investment under the Vancouver Charter. A final decision on the Bitcoin reserve proposal is pending a March 10 council vote. The proposal was initially introduced by Mayor Ken Sim in late 2024 to hedge against inflation.

Vancouver mayor's proposal to invest city reserves in bitcoin blocked by city and provincial law. Vancouver Charter and Municipal Finance Authority Act restrict city investments to government debt, bank instruments, and traditional assets. Bitcoin is explicitly excluded as an allowable investment asset for the City of Vancouver. A separate question remains on whether Vancouver can accept bitcoin for taxes/fees if immediately converted to CAD.
ETFs trade throughout the day like stocks, offering flexibility. Index funds execute trades only once daily at the closing NAV. ETFs generally offer slightly lower expense ratios and greater tax efficiency. Index funds often have higher minimum investment requirements than ETFs.

Dubai regulator VARA orders KuCoin entities to cease unlicensed virtual asset activities. KuCoin is not authorized to serve Dubai residents and has been warned against misrepresenting its licensing status. This action follows a similar regulatory action in Austria where KuCoin EU faced a business ban due to compliance failures.

OKB needs to close above $104 (200-D EMA) to sustain uptrend, targeting $124. Humanity Protocol (H) has surpassed 200-D EMA and other EMAs, eyeing $0.2. KITE Coin shows strong buyer dominance, with futures open interest surging 35% to $102.48 million. Bitcoin pulled back 2% from the 50-day EMA, trading below $71,000.

Vancouver city staff recommended cancelling the plan to add Bitcoin to city reserves. Local law prohibits the city from investing public funds in Bitcoin, deeming it not an 'allowable asset'. The proposal, introduced by Mayor Ken Sim in November 2024, aimed to study accepting crypto payments and holding Bitcoin reserves.

Total crypto market cap decreased by 1.7% to $2.41 trillion in 24 hours. Bitcoin holds near $71K, down 1.9% daily but up nearly 5% weekly. Ethereum trades around $2,081, down 1.8% in 24 hours. Market sentiment remains cautious with the Fear & Greed Index at 25 (fear zone).
XRP holding strong support at $1.40 indicates potential for a significant breakout. Increased whale accumulation of 1.3 billion XRP in 48 hours suggests preparation for a market shift. A confirmed reclaim of the $1.80-$2.00 resistance zone could propel XRP towards the $3 target. Moscow Exchange is considering cash-settled XRP futures following Russia's regulatory shifts.

XRP holders are selling at a loss as SOPR drops below 1.0 XRP price is trading around $1.41, failing to break $1.45 resistance Speculation exists around potential partnership between X Money and Cross River Bank
Signal context only. Validate with price action, liquidity, and risk limits before taking a position.