Here’s what happened to Crypto right now

Now in Crypto, OKX has been reported under a scrutiny from European Union regulators for allegedly facilitating the launch of funds from the Bybit Hack. Meanwhile, analysts warn that Ether prices may face further decline as ETF flows and macroeconomic concerns are streaming up pressure on the market. In addition, Mt. Gox the second move of bitcoin a week

EU guardians review OKX over $ 100m in bybit Laundered Fund: Report

European Union regulators has been reported looking for a service The Crypto Exchange OKX offered to play a role in launching $ 100 million in funds from Bybit Hack, according to Bloomberg.

A report of March 11 Bloomberg cited People familiar with the matter say the national guardians from EU member states discussed the issue at a meeting of March 6 -posting by European Securities and Markets Authority’s Digital Finance Standing Committee. The issue appears to be the decentralized OKX finance platform and the wallet service.

On January 27th, OKX announced that it was securing a Full Crypto-Assets License market (MICA) To work with all EU member states under a regulatory framework. The question for EU regulators is if the two OKX services fall under the MICA framework and, then, if the exchange is punished.

According to At Bybit CEO Ben Zhou, nearly $ 100 million, or 40,233 ether (ETH), out of $ 1.5 billion hack has been -laundered by OKX’s web3 proxy, with a portion of funds that are now unreliable.

In a statement Na -Post In X, OKX denied claiming that there was any ongoing EU investigation, adding that “Bybit states are spreading misinformation” and defending its web3 wallet services.

Ether risk correction to $ 1,800 while ETF streams, tariff fears continue

Ether is struggling to reverse a near-three-month downtrend as macroeconomic concerns and continue to sell pressure from the US Ether Exchange-Traded Fund (ETFS) to weigh the investor’s sentiment.

Ether (Eth) fell over 53% since its fall on December 16, 2024, after it sank above $ 4,100, Tradingview Data displays.

Downtrend is that -fueled by global uncertainty around US import tariffs Nag -triggering Trade war And a lack of builder’s activity on the Ethereum network, according to Bitfinex analysts.

“The lack of new projects or builders moving to ETH, especially due to high operating fees, is probably the main reason behind the Lack of ETH performance.

“However, the current seller-off is not only visible to ETH, we have seen a correction throughout the market because the fear of the impact of tariffs has hit all the properties of risk,” they added.

Crypto investors have also kept an early rotation of the bear market that could break from the traditional four-year crypto market pattern.

Bitcoin (Btc) is to Risk to fall to $ 70,000 As cryptocurrencies and global financial markets are undergoing a “macro correction” while remaining in a bull market cycle, Aurelie Barthere, chief analyst of research on blockchain analytics firm Nansen.

Mt. Gox the second move of bitcoin a week as it taps $ 76,000

Defunct Crypto Exchange Mt. Gox Switch 11,833 Bitcoin (Btc), cost $ 926.2 million, on March 11 – BTC’s second big move in a week In the midst of cryptocurrency prices falling to a four -month low around $ 76,700.

Arkham Intelligence data reviewed by lookonchain found that 11,501 BTC was sent to a new purse. The remaining 332 BTC was moved to a hot purse, which the firm firm said to the chain that could be moved to help payments.

Mt. Gox Moved 12,000 Bitcoin It costs a little to $ 1 billion on March 6. The exchange fell into losses in early 2014 and the similar motions it made in the past became a signal that paid it to its lenders.

Bitcoin struggles to maintain a rally in the midst of a broader market route that has seen investors flee to dangerous properties such as crypto. Sinking US markets have seen jpmorgan economists Bump the risk of a retreat This year to 40%, from 30% to the beginning of 2025.