Ark Invest, led by Cathie Wood, has increased its Bitcoin holdings, purchasing 997 BTC worth $80 million through Coinbase on March 13.

According to Arkham Intelligence, the transaction was split into two — one for 498 BTC and another for 499 BTC. This move comes as institutional investors adjust their positions amid market fluctuations.

While Ark is adding Bitcoin, it has also sold around $9 million worth of Bitcoin ETFs, following a trend where over $1.1 billion has exited spot Bitcoin ETFs recently.

Bitcoin is currently struggling to break past $83,700, with fears of a potential drop to $75,000. However, Cathie Wood remains confident, having previously predicted that Bitcoin could hit $1 million by 2030.

Bitcoin’s 200-day moving average sits at $82K

In its monthly report, Ark Invest revealed that short-term Bitcoin bears are paying an average of $92,020 per BTC, while the 200-day moving average — a key support level — currently sits at $82,000.

The report also highlights that Bitcoin’s Fear & Greed Index has hit a two-year low, reflecting “extreme panic” not seen since 2017.

A potential bullish sign is that Bitcoin’s Spent Output Profit Ratio (SOPR) has reset to 1, meaning sellers are breaking even rather than taking losses. Historically, this metric has marked the turning point before price recoveries.

Ark’s ‘Bitcoin Reacts to Trump’ report attributes the market downturn to slowing Bitcoin circulation and declining consumer sentiment, particularly in the U.S. amid political uncertainty.

"Consumers and businesses seem to be more cautious amid uncertainty associated with the U.S. political transition," the report states.

 [TheStreet]

Ripple has become the first blockchain payments firm to secure a licence from the Dubai Financial Services Authority (DFSA).

This is the firm’s first licence in the Middle East, and enables the firm to provide regulated cryptocurrency payments and services within the Dubai International Finance Centre (DIFC).

The approval allows Ripple to make its payment products accessible to businesses in the UAE.

In 2020, the company established its Middle East headquarters in DIFC in 2020 and now has over 20% of its global customer base operating in the region.

Ripple CEO Brad Garlinghouse said: “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption. Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.”

DIFC Authority CEO Arif Amiri stated: “We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA licence that makes them the first blockchain-enabled payments provider in DIFC. This milestone not only highlights our commitment to fostering innovation, but also opens the door for Ripple to tap into new growth opportunities across the region and beyond.

Ripple's own RLUSD stablecoin, launched in December 2024 on global exchanges, has exceeded a market cap of $130m, the company stated.

The DFSA licence is the newest addition to Ripple's portfolio of over 60 regulatory approvals globally.

Last month, Ripple partnered with Portuguese currency exchange provider Unicâmbio to enable instant cross-border payments between Portugal and Brazil

"Ripple gains licence for crypto payments in UAE " was originally created and published by Electronic Payments International, a GlobalData owned brand.

[GlobalData]

 

The Bitcoin (CRYPTO: BTC) chart has been a roller coaster ride recently.

The original and largest cryptocurrency rose to an all-time high of $106,182 per coin in January, then fell back as much as 25.8% over the next seven weeks. That's a sharp retreat from a long upswing -- Bitcoin has more than quadrupled in price over the last two years. To put the gains in context, the S&P 500 (SNPINDEX: ^GSPC) market index showed a total return of 49% over the same period:

Bitcoin Price Chart
Bitcoin Price data by YCharts

So Bitcoin snapped a long winning streak, dipping below $80,000 per coin for the first time since last November. Can the cryptocurrency get back to robust gains or Is the bull run all done?

The bearish case

First and foremost, some investors see very little value in Bitcoin in the first place. Warren Buffett wouldn't buy all the Bitcoin in the world for $25, because "it isn't going to do anything." It isn't a business operation, or a valuable lot of real estate, or a patch of food-producing farmland. The value of this digital asset isn't based on anything real, so the only way to make money with it is to find a buyer willing to pay a higher price.

From that perspective, Bitcoin is long overdue for a price correction. The current market value of $1.62 trillion is a lot more than $25, after all.

And even if you see significant value in Bitcoin assets, you could still argue that it's overpriced. 2024 was packed with potentially game-changing price catalysts for Bitcoin. With the introduction of exchange-traded funds (ETFs) based on spot Bitcoin prices, the fourth halving of Bitcoin mining rewards, and the introduction of a more crypto-friendly U.S. government all in the rearview mirror, maybe there's no room for further gains in 2025.

Furthermore, many crypto investors are nervous about recent advances in quantum computing. The next-generation computing technology will probably make current encryption algorithms breakable and worthless in the long run -- including the popular SHA-256 hashing system at the heart of Bitcoin's encryption security. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) have taken massive leaps forward in recent months, arguably accelerating the quantum computing progress by several years. The thinking is that criminals and fraudsters must be on the threshold of hacking Bitcoin's digital transaction ledger to pieces.

Where the Bitcoin bulls hang their hats

The Bitcoin whitepaper compares the cryptocurrency to physical gold. Instead of buying picks, shovels, mines, and ore refining equipment, Bitcoin miners invest in data centers and electric power. Either way, the two types of miner generate a scarce and therefore valuable resource. They are also useful in the real world: Gold is found in jewelry, medical devices, and electronics while Bitcoin offers a robust and flexible transaction ledger. Warren Buffett was never much of a gold investor, so his aversion to Bitcoin makes sense in this light.

The ETF catalyst delivered some of its value before the actual event. Bitcoin prices rose 72% from early October, 2023 to January 12, 2024. In this time span, the rumor mill chatter about spot Bitcoin ETFs turned into solid expectations, culminating in their approval and introduction. But that's not the end of their value creation. The most popular name on the list, the iShares Bitcoin Trust ETF (NASDAQ: IBIT) holds $47.4 billion of Bitcoin in a Coinbase Global (NASDAQ: COIN) custody service. This robust inflow of funds should be the start of a long-term trend. Deep-pocketed institutional investors aren't ready to open cryptocurrency brokerage accounts yet, but ETFs are easy to use in a standard stock portfolio. So the Bitcoin ETFs open the door to a larger (and richer) population of potential long-term investors.

As for the Trump administration's cryptocurrency policies, only time will tell how they are changing the Bitcoin market. The Strategic Bitcoin Reserve isn't shaping up to the Bitcoin-buying bonanza some crypto holders had expected, but more of a quiet alternative to gold reserves. A more laissez-faire approach to cryptocurrency regulation may indeed accelerate the widespread adoption of Bitcoin and other cryptocurrencies, but the final regulations are probably still many years away.

The quantum computing threat may sound terrifying. In reality, Bitcoin is very much under active development and should be immune to these attacks long before quantum computers are powerful enough to pose a real threat. There are math problems too difficult to solve with a mature quantum computer, and encryption systems are already adopting these stronger algorithms by the boatload. Meanwhile, even the most optimistic forecasts expect quantum computers to stay in the toys-and-experiment stage for at least five more years.

The long-term view

Finally, the shape of this halving cycle looks quite familiar.

Charts never tell the whole story, of course. Previous results are no guarantee of future gains. Still, the halvings make a significant difference to the economics of Bitcoin mining, effectively slashing the financial rewards in half while production expenses stay the same. In the long run, this production model only works if Bitcoin prices rise over time. Along the way, each halving shakes out underfunded or inefficient miners while the top producers continue to make a good living.

On that note, the current halving cycle is fairly close to former examples. The second and third halvings unleashed price jumps measured in thousands of percent -- about a year and a half after each halving of the mining rewards. If the ongoing halving's calendar stays on track, I'd expect peak prices in the fall of 2025, followed by another crypto winter. Things could be different this time, but that's what Bitcoin's pricing history looks like.

No, the Bitcoin bull run isn't over

So the Bitcoin bears have their arguments, but the bulls bring a stronger case to the table. With or without the halving effects, Bitcoin is becoming the digital gold standard for value storage. Even if I never use Bitcoin to pay for a candy bar, a car, or a house, this cryptocurrency and its digital ledger look poised to replace savings accounts over time. That's a multi-trillion-dollar market, ripe for modernization on a global scale.

That's why expect Bitcoin to keep building market value, perhaps accentuated by a temporary price spike later this year. In my eyes, Bitcoin is a great asset to own in the long term. The recent price drop is just another short-lived squiggle on the charts.

[The Motley Fool][

Nigerian President Bola Tinubu has explained the rationale behind his administration’s economic reforms, saying the primary motive was protecting the interests of future generations.

A statement by spokesman, Bayo Onanuga, said the president spoke on Thursday at the State House in Abuja while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator representing Lagos West.

The president said for 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of the nation’s subregion with fuel, adding that it was getting difficult to plan for the future of Nigeria’s children

He highlighted the challenges faced at the beginning of his administration, particularly economic and social issues, expressing gratitude for the delegation’s support in addressing the difficulties.

Tinubu declared that the administration had been able to stem the tide and expressed appreciation to Nigerians for their collective support in turning things around.

“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.

“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel,” he said.

He reiterated that firm adherence to democratic tenets is the best route to economic, social, and political development.

“I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball. Some leadership failed, but we kept the faith with our democratic beliefs and freedom and the right to aspire to the highest office in the land. I am benefiting from it,” Tinubu added.

 [DailyPost]
 
 
 

The Chairman of the Senate Committee Inter-Parliamentary Senator Jimoh Ibrahim has explained why the purported petition from suspended Senator Natasha Akpoti-Uduaghan is “dead on arrival” at the Inter-Parliamentary Union (IPU).

Senator Ibrahim who made the assertion in a statement in Abuja, emphasised that Nigeria, rather than Senator Natasha, is the member of the IPU.

“A petition can only be lodged against another member state by a member state.

“This implies that the IPU cannot consider petitions from individuals who are not members,” he began.

 

Ibrahim added: “The suspended Senator Natasha is not a member of the IPU, but Nigeria is!

 

“Additionally, the suspended Senator cannot represent the Federal Republic of Nigeria.

“I served as the interim president of the IPU in Geneva in 2023, and I am familiar with how the IPU operates after presiding over its proceedings.

“Furthermore, as Chairman of the Interparliamentary Committee in the Nigerian Senate, I did not approve or authorise the suspended Senator Natasha to attend the IPU on behalf of Nigeria to the Senate President.”

[TheNation]

Chelsea have reached an agreement to sign highly rated Portuguese youngster Geovany Quenda from Sporting CP, with the winger set to join the Blues in 2026.

According to transfer expert Fabrizio Romano on Friday via X, the deal, finalised after a swift negotiation process, will see Quenda sign a seven-year contract with an option to extend for an additional year.

His medical has already been completed, paving the way for his future move to Stamford Bridge.

 

Quenda has reportedly given his approval to Chelsea’s project and the plans of new manager Enzo Maresca.

Romano stated: “Chelsea agree deal for Portuguese top talent Geovany
Quenda—here we go. Medical done for Quenda after secret blitz, he will join Chelsea in 2026. Club-to-club agreement completed with Sporting, and Quenda said yes to Chelsea’s project and Enzo Maresca’s plans.

“Geovany Quenda’s contract at Chelsea will be valid for the next seven years, all agreed last night. There will be also an option to extend the agreement for +1 year.”

[Punch]

 

The Nigeria Customs Service (NCS), says it has intercepted undeclared 1.1 million U.S. dollars and 135,900 Saudi Riyals at the Mallam Aminu Kano International Airport in Kano.

Its Spokesperson, Abdullahi Maiwada, made this known in a statement on Thursday in Abuja.

Maiwada said the seizure was made recently during a routine baggage check on an inbound passenger who arrived on Saudi Airline Flight No. SV401 from Saudi Arabia.

He explained that during a physical examination of the passenger’s luggage by NCS officers, the undeclared currency was found concealed within packs of palm dates.

The interception, he said, aligned with the NCS’s commitment to enforcing financial regulations and preventing illicit financial flows across Nigeria’s borders.

“In line with established procedures, the suspect and the seized foreign currency have been handed over to the Economic and Financial Crimes Commission (EFCC) for further investigation and necessary legal action.

“Subsequently, the court convicted the defendant as charged and ordered the forfeiture of the undeclared money to the Federal Government in line with provisions of the Money Laundering (Prevention and Prohibition) Act of 2022,” he said.

He stressed that the NCS is determined to ensure that all travelers complied with Nigeria’s financial regulations, particularly the legal requirement to declare any cash or negotiable instruments exceeding the approved threshold when traveling in or out of the country.

He stated that the Money Laundering (Prevention and Prohibition) Act of 2022 and the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995, provided clear guidelines on currency declaration.

[Vanguard]

 

A Nigerian man claiming to be the father of singer Asake is seeking financial assistance from the public due to what he described as “health struggles”.

 

In a now-viral video, the aged man identified as Fatai Odunsi revealed he has been suffering from a stroke since 2022.

Odunsi alleged that he has not seen Asake since his stroke and claimed that the singer has consistently ignored his calls.

“I am the father to Asake who is singing. The last time I saw him was when this thing happened to me on March 29, 2022,” he said.

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“He does not pick up my calls anytime I call him. Now I have become tired. I have been looking for this my brother and I recently met with him.”

In the video, Odunsi was accompanied by Sonibare, who claimed to be his brother.

Sonibare explained that he had sought Odunsi’s permission before sharing his story on social media. He also appealed to Nigerians to come to their aid.

“As I said earlier, his name is Fatai Odunsi. He is the one who gave birth to Asake whom every one of us knows as Ololade Mr Money. We need the help of Nigerians because he is now broke,” Sonibare said.

 

“I have done the best I could as a person. That is why I am coming to you Nigerians to come to our aid. Whatever amount you can give, even if it is N1 please help him out. I do not want him to die young. We all will not die young too.

“I am not just doing what I am doing. I sought permission from him before doing it. He has been looking for me for a while to put him on social media.

“We needed to come to the public to ask for help because we no longer have the money.”

Odunsi’s claim has not been verified. Asake has also not publicly responded to the allegations.

[TheCable]

US Vice President JD Vance shared the Trump administration’s position on key issues like deportation, immigration, border security, economy, and trade during an interview on Fox News' "The Ingraham Angle" on Thursday.

Green Card Holders and Deportation

Vance addressed the case of Mahmoud Khalil, a Columbia University graduate student and green-card holder, recently arrested for allegedly spreading pro-Hamas propaganda. Vance said, "A green card holder... doesn't have an indefinite right to be in the United States.

He added, "This is not fundamentally about free speech. Yes, it’s about national security, but it’s also more importantly about who we, as an American public, decide gets to join our national community." He indicated that the Trump administration is ready to act against student visa holders or other non-citizens involved in activities considered a threat. "I think we’ll certainly see some people who get deported on student visas if we determine that it’s not in the best interest of the United States to have them in our country," Vance said.

Immigration and Border Security
On immigration enforcement, Vance highlighted the Trump administration’s focus on reducing illegal migration. He said migrant crossings at the southern border have dropped by "well over 95%" since Trump returned to office in January. With border security in place, Vance noted that the administration is now focusing on increasing deportations. "We’re building that capacity up," he said.

Can Donald Trump take away your Green Card?

 

Vance also criticized the Biden administration for underfunding immigration detention facilities and weakening Immigration and Customs Enforcement (ICE). He said, "Joe Biden underfunded migrant detention facilities and destroyed ICE, leaving the Trump administration with a hole that we have to dig out of." Vance praised Department of Homeland Security (DHS) Secretary Kristi Noem and "border czar" Tom Homan for implementing self-deportation policies. "We’re going to encourage a lot of people to self-deport. We don’t have to knock on your door. Before that happens, why don’t you get on a plane and go home yourself?" he added.

Economic Outlook
When asked about a possible recession, Vance said, "You can never predict the future." However, he noted, "I think the fundamentals of the economy are actually quite strong right now, and we will see how this unfolds. I think by increasing businesses' investments in American workers and reshoring some of those supply chains, we are going to make this economy stronger over the long haul. That is the President’s ultimate goal."

Trade Policies and Tariffs
Discussing trade, Vance defended tariffs imposed under Trump’s "America First" approach. He said, "The EU has in some ways been the worst on American workers and American industries of anybody. They impose ridiculous tariffs and they say they are our most important ally and, of course, we care about European security, but they don't treat us like an ally when it comes to economics." He added, "The president wants to bring jobs and investment back to the US, build more here, invest more here, raise wages here—and you won’t have to pay these tariffs at all."

[economictimes]

My dear mentor, principal, and father figure Dr Doyin Okupe was, in many respects, the very embodiment of a renaissance man—a physician, a political raconteur, and an indefatigable champion of nation-building. Born on 22 March 1952 into the illustrious Agbonmagbe royal lineage, his early life foretold a destiny not only marked by regal distinction but also by a penchant for trailblazing innovation and wry commentary. His journey, from the hallowed halls of Igbobi College and the University of Ibadan to the bustling corridors of Lagos’ political and medical spheres, reads like a masterclass in resilience and reinvention.

In his medical career, Dr Okupe was more than a practitioner; he was a visionary who co-founded the Royal Cross Medical Centre and launched “Life Mirror”—Nigeria’s inaugural health-focused newspaper. These endeavours were not mere professional milestones but veritable declarations of his belief that enlightenment and healing must go hand in hand. His approach, often laced with subtle wit, served as a clarion call to both his peers and the public, affirming that serious work need not be devoid of humour or human touch.

Transitioning seamlessly into the realm of politics, he became an influential force in shaping modern Nigerian discourse. As the National Publicity Secretary of the National Republican Convention and later as Special Assistant on Media and Publicity to President Olusegun Obasanjo, Dr Okupe demonstrated that, in a country where political rhetoric frequently bordered on theatrical farce, one could wield words as both sword and salve. His acerbic wit and incisive commentary not only cut through bureaucratic red tape but also redefined the very essence of political communication.

Dr Okupe’s career was not without its trials. He weathered legal storms and public controversies with the same aplomb that characterised his public service. Each challenge—be it a courtroom battle or a media skirmish—served only to refine his resolve and sharpen his already prodigious intellect. His victories were not merely personal triumphs; they were contributions to the fabric of a nation striving for excellence in both its political and educational sectors.

On a more personal note, I had the distinct and singular honour of serving as his aide since 2016 until his demise. In that time, he transcended the conventional boundaries of a professional relationship, regarding me not merely as an employee but as a son. His paternal warmth and mentorship imbued my life with a sense of purpose, underscoring his unique ability to blend leadership with familial care.

The void left by his untimely departure—a loss felt deeply across the political and educational arenas—is as poignant as it is irreplaceable. His death did not merely signal the end of an era; it left a gap in the national discourse, a silence where his witty repartee and sagacious insights once resonated. Nigeria, a country indelibly shaped by his influence, now mourns the passing of a man who transformed governance into an art form.

As we reflect on the multifaceted legacy of Dr Adedoyin AJIBIKE Okupe, we remember a man who defied convention and whose very presence was a testament to the transformative power of intellect, humour, and an unwavering commitment to public service. His life was a brilliant interplay of challenges met with victories, setbacks overcome with grace, and a career that, quite literally, changed the country.

I will greatly miss you sir. Until we meet to part no more.

 

Yours sincerely,

Banwo Mayowa. 

Fmr Personal Assistant to the Late Dr Doyin Okupe .