NEW: "X Money is much smarter than Bitcoin," says Nassim Taleb.

The Bitcoin 365-day MVRV has dropped to around -27% to -28.5%, meaning coins bought over the past year are, on average, sitting in deep unrealized losses.

WAR - Time to Short the Markets? https://rumble.com/v770fpe-thurs-mar.-12th-w-rajat-soni-cfa.html

SEC AND CFTC SIGN HISTORIC AGREEMENT TO ALIGN US FINANCIAL REGULATION The CFTC and SEC announced a new Memorandum of Understanding to coordinate oversight, reduce duplicative rules, and modernize regulation across US financial markets. The agencies also launched a Joint Harmonization Initiative to align product definitions, streamline reporting, modernize clearing and margin rules, and develop a clearer regulatory framework for crypto and emerging technologies. Regulators say the move aims to boost innovation, improve market oversight, and strengthen US competitiveness in global finance.

VanEck’s Matt Sigel: “Kazakhstan has become the first Central Bank to buy Bitcoin.”

Two weeks ago Jack Dorsey fired 40% of Block. The internet was divided. Some said it was AI-washing to cover up a bloated company, while others said it was the start of the AI jobpocalypse. They were both wrong. Block is rebuilding itself around an AI intelligence layer instead of management layers. Productivity is exploding and profit per employee is doubling. This might be the new blueprint for building companies in the AI era.

BTC PREDICTION MARKETS | OPENCLAW LIGHTNING WALLETS

X (formerly Twitter)

The Daily Stack 🥞 (@DailyStackHQ) on X

BTC PREDICTION MARKETS | OPENCLAW LIGHTNING WALLETS GUESTS: @hrtlndbitcoin @jonathanbylos HOSTS: @halstonvalencia @JodyFlournoy https://t.co/1...

"In 10 years, today's Bitcoin prices are going to look ridiculous. If it's worth a dollar, it's eventually worth $1M." MattHougan joins to discuss: 🔸 Jane Street Boogeyman 🔸 Boomers' ETF Diamond Hands 🔸 BTC as Constraint on Fiat Debasement YouTube: Fountain:

Fountain

Rob Wallace | Bitcoin News • Why $10T Morgan Stanley Is Going "500 Miles An Hour" Into Bitcoin | Bitwise CIO Matt Hougan • Watch on Fountain

Morgan Stanley is officially going "500 miles an hour" into Bitcoin, and Bitwise CIO Matt Hougan says this normalization is the ultimate signal for...

U.S. TREASURY SET FOR RECORD $15B DEBT BUYBACK The U.S. Treasury is projected to repurchase $15 billion of its own debt today, marking the largest Treasury buyback operation on record. The move is designed to boost market liquidity, support Treasury market functioning, and refinance older bonds into newer issues. Importantly, this does not reduce the national debt. The Treasury is effectively swapping older debt for newly issued debt at current market rates as part of its routine debt management strategy.

NEW: The Winklevoss twins have transfered $130M worth of Bitcoin to Gemini hot wallets.

NEW: Blockstream integrates Lightning Network support on it's Jade device. "This lets you receive bitcoin instantly over Lightning, hold it securely in a Jade-protected wallet, and move to the base Bitcoin layer whenever they choose," says Chief Marketing Officer Peter Bain.

Today's Daily Stack line-up is loaded with industry leaders starting at 12:30 PM EST! 🎙️ 12:30 PM EST: Brett Story, Founder of Brithorn Partners, breaks down the world of tech-focused growth and private equity investing. 🎙️ 1:30 PM EST: Marcos Viriato, Founder of Parfin, dives into the crucial infrastructure of digital assets. 🎯 2:30 PM EST: Closing it out, our Options Guru ProblemSniper is setting his sights and SNIPING specific options trades on $QQQ, $APP, and $GOOGL! You do NOT want to miss this! https://rumble.com/v76wviy-tuesday-march-10th-live.html

NEW IRS FORM IN CRYPTO AUDITS DEMANDS FULL HISTORY OF EXCHANGES AND WALLETS A new IRS form being sent in crypto audits lists 100+ platforms including Coinbase, Binance, Kraken, FTX, and Mt. Gox, as well as self custody wallets like MetaMask, Ledger, and Trezor. Recipients must mark YES or NO for each platform and sign the document under penalties of perjury. The form appears designed to map a taxpayer’s entire crypto footprint across exchanges and wallets, potentially going back years. Missing a platform used long ago could raise questions, while disclosing many may open new lines of inquiry. Tax professionals warn the document could carry significant legal risk and advise consulting a crypto tax attorney before signing.

Iran War Is Exposing Dubai's $1.2 Trillion Weakness

X (formerly Twitter)

The Daily Stack 🥞 (@DailyStackHQ) on X

Iran War Is Exposing Dubai's $1.2 Trillion Weakness https://t.co/gB7RyMjhLl

BITCOIN SUPPLY SURPASSES 20 MILLION BTC Seventeen years after the January 2009 genesis block, Bitcoin’s mined supply has now surpassed 20 million BTC, according to onchain data. The milestone occurred at block 939,999, with the current block subsidy at 3.125 BTC. The next Bitcoin halving is currently projected for April 11, 2028. With each halving reducing issuance, supply will continue slowing. The final 1 million bitcoin are expected to be mined over the next ~114 years, with the last satoshis issued around 2140, when Bitcoin reaches its 21 million cap.

For years, Dubai marketed itself as the ultimate safe haven for global wealth. This week, the war in the Middle East showed how fragile that promise can be. The UAE is now one of the world's fastest-growing hubs for booked financial assets. $700 billion from overseas investors was held there in 2024, and Dubai alone is home to family offices controlling more than $1.2 trillion. But when conflict hits a region, wealth suddenly becomes much harder to move. People are now spending $300,000 just to book private jets to get home from Oman. Gold traders in Dubai are offering bullion at steep discounts because shipments are stranded and flights are disrupted. Real estate worth tens or hundreds of millions of dollars is permanently stuck exactly where it was built, trading at a 25% discount. When the conflict first broke out, both the Abu Dhabi Securities Exchange and the Dubai Financial Market issued emergency two-day closures. When the only priority becomes leaving, these assets can't move with you. Bitcoin is different. It trades 24 hours a day, every day, across every major exchange in the world. There is no vault to open, no shipment to insure, no border checkpoint that can stop it. Your entire net worth can move across the planet in minutes. Twelve words stored in your head. We're also seeing this dynamic play out on-chain. As strikes began inside Iran, blockchain analytics firms recorded a 700% spike in crypto withdrawals from domestic exchanges as people rushed to move funds into self-custody. When banking rails shut down, Bitcoin keeps working. And in moments like this, the real question isn't whether Bitcoin's price goes up during a crisis, it's whether it keeps functioning. This week in the Middle East, once again, it did.

Got inflation insurance?

TREASURY REPORT ACKNOWLEDGES LEGITIMATE USES FOR CRYPTO MIXERS A new report to Congress from the US Treasury Department says digital asset mixers can serve lawful purposes, including protecting financial privacy on public blockchains. According to the report, individuals may use mixers to shield sensitive information about personal wealth, business payments, or charitable donations from being publicly visible on-chain. Treasury also notes that as digital asset payments grow, users may increasingly rely on privacy tools to prevent their spending habits from being exposed. The report adds that custodial mixers operating as compliant money services businesses must register with FinCEN, maintain records, and file suspicious activity reports. When compliant, these services can provide regulators and law enforcement with customer identities, transaction data, and behavioral insights tied to illicit flows

CALIFORNIA GAS PRICES COULD HIT $8/GALLON AS SOME STATIONS ALREADY REACH THE LEVEL California lawmakers and industry experts warn gas prices could surge above $8 per gallon statewide this year, driven by climate policies, refinery closures, and global oil market turmoil. State Sen. Suzette Valladares criticized Gov. Gavin Newsom’s cap-and-invest carbon program, calling it a “cap-and-tax” scheme that could add about $1 per gallon. She warned California is “one refinery away” from losing another 10% of its fuel supply, which could send prices sharply higher. A USC Marshall School of Business report estimates prices could reach $8 per gallon by late 2026. Californians already pay about $4.81 per gallon on average, far above the U.S. average near $3. The “California premium” includes higher excise taxes, local fees, and roughly $0.75 per gallon tied to climate programs unique to the state. Some stations are already listing prices between $8 and $9 per gallon.

STARTUP TEASES BITCOIN MINING IN SPACE US startup Starcloud says it plans to launch a dedicated bitcoin mining rig into orbit later this year, potentially becoming the first company to mine bitcoin in space. The announcement came from Starcloud CEO Philip Johnston during an appearance on the HyperChange YouTube channel. Johnston said the company is currently focused on building its orbital data center constellation but confirmed that bitcoin mining hardware is also part of its near term plans. “There’s also bitcoin mining,” Johnston said. “We’ll have some bitcoin mining ASICs on the second spacecraft launching later this year.” The move follows Starcloud’s successful test of running an Nvidia H100 GPU in orbit, demonstrating that high performance compute infrastructure can operate in space. Johnston says the long term vision centers on energy. Orbital data centers and mining rigs could tap continuous solar power in space, potentially providing a cheaper and more scalable energy source than what is available on Earth. Compared with enterprise AI hardware like Nvidia GPUs, which can cost $30,000 or more, bitcoin mining machines are relatively inexpensive, typically ranging from $600 to a few thousand dollars. “The cat is out of the bag,” Johnston said on X. “Starcloud will be the first to mine bitcoin in space.” He added that the opportunity could be massive, noting that bitcoin mining currently consumes roughly 20 GW of power globally and arguing that in the long run, a significant portion of that compute could move off planet.