The Smarter Web Company has purchased an additional 50 Bitcoin, increasing its total holdings to 2,100 BTC, worth approximately $229.6 million. This move aligns with the company’s ongoing strategy to use Bitcoin as a core treasury asset and hedge against traditional market volatility. Since publicly adopting a Bitcoin treasury policy in 2023, the company has steadily increased its Bitcoin assets, reflecting confidence in the cryptocurrency’s long-term value. The company continues to integrate Bitcoin into its financial strategy and operations.
Crypto prices are surging today, March 6, 2025, with Bitcoin (BTC) hitting a three-day high of $92,000. Ethereum price has also gained by 4.6% to around $2,300. All the top-ten cryptos by market cap have also registered strong gains, with Dogecoin (DOGE) leading the pack with a staggering 10% rise.
Despite these market-wide gains, volatility risks remain. Mt. Gox has moved $1 billion in BTC, triggering concerns of a looming selloff. Retail traders also appear to be leaving the market amid declining volumes on PumpFun and a drastic drop in the meme coin market cap.
Crypto Prices Face Volatility Risks as Mt. Gox Moves $1B Bitcoin
Defunct cryptocurrency exchange Mt.Gox has moved 12,000 BTC valued at approximately $1.09 billion. According to Arkham, these coins were moved to a new wallet address, sparking speculation of upcoming creditor repayments.
Mt.Gox Bitcoin
The Mt.Gox Bitcoin repayments could increase volatility in the crypto market. The creditors that have waited for more than a decade may opt to sell once they receive BTC. This large sell-off could trigger a short-term drop in crypto prices. Moreover, if these coins end up in the market at a time when the demand is low, it could impact Bitcoin’s rally towards $100,000.
PumpFun Volumes Plunge 94% – Can Solana Price Sustain Gains?
Transaction volumes on the Solana meme coin launchpad PumpFun have declined by 94% as most crypto prices tumbled. These volumes are now at their lowest level in nearly a year, suggesting that interest in meme coins is dropping.
PumpFun Volumes
PumpFun volumes peaked in January after the release of Solana meme coins like TRUMP and MELANIA. However, interest has gradually faded as these meme coins lost nearly all of their gains barely one month after launching.
These declining volumes have sparked a bearish Solana price prediction after it dropped by 27% in one month. At press time, SOL trades at $149 after a 4.7% drop in 24 hours.
Meme Coin Market Cap Drops by $59B As Dogecoin Price Rebounds
The total meme coin market capitalization has dropped by $59 billion from its 2025 peak of $116 billion amid falling crypto prices. At press time, the total meme coin market cap stood at $57 billion after falling by more than 50% year-to-date.
Meme Coin Market Capitalization
This decline shows traders have become hesitant to buy meme coins. However, the declining interest is prevalent in newer meme coins, as the hype fades, interest has returned to older meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).
At press time, Dogecoin price had posted a notable 10% gain to trade at $0.21, while Shiba Inu price had surged by 5%.
What’s Next for Crypto Prices
Crypto prices show signs of heightened volatility. The $1 billion BTC transfer by Mt.Gox could stir panic selling and cause Bitcoin to fall below the $90,00 psychological level again. Given that altcoins have been tracking Bitcoin price, signs of weakness could also plunge altcoin prices.
Meme coins are no longer draining liquidity from the broader market. Reduced interest in new meme coins has led to PumpFun transaction volumes falling by 94%. Older meme coins like Dogecoin and Shiba Inu have also seen renewed interest, which may bode well for price.
The U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s proposal to convert its Digital Large Cap Fund into a spot exchange-traded fund (ETF). This decision brings together Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), offering a new investment vehicle for U.S. investors. Grayscale’s BTC, ETH, XRP, ADA Large Fund Conversion to
The push for the Arizona Governor, Katie Hobbs, to sign the SBR has already begun.
Bitcoin price has signaled bullish sentiment, with the next target above $99k.
After months of lobbying and speculation, Arizona has become the first state in the United States to pass a strategic Bitcoin reserve (SBR) bill in both houses. On Monday, during the late North American session, the Arizona House passed the Bitcoin Reserve Bill SB 1025, with 31 yes against 25 nays.
As a result, the state of Arizona will invest 10 percent of the public funds annually in Bitcoin to hedge against inflation and macroeconomic uncertainties. Meanwhile, the SB 1025 bill is now awaiting final approval from Arizona’s governor Katie Hobbs, a Democratic Party member.
The Final Push for Bitcoin SBR’s Implementation in Arizona
As Coinpedia previously reported, Governor Hobbs threatened to veto all bills until a disability funding bill was passed by both houses. Amid the controversy, Dennis Porter, CEO and Co-founder of Satoshi Action Fund, requested American voters to push their elected leaders to implement the strategic Bitcoin reserves Bills as soon as possible.
Following the announcement, a ripple effect is expected in other states debating the SBR bills. Furthermore, the Donald Trump administration has laid significant emphasis on the importance of Bitcoin and digital assets thriving in the United States.
Bitcoin price gained around 1 percent to trade at about $94.5k at the time of this writing. The rising demand for Bitcoin by whale investors will play a crucial role in its rally beyond the resistance range between $95k and $99k in the coming weeks.
The post Breaking: Arizona Passes Strategic Bitcoin Reserve Bill in the House and Senate appeared first on Coinpedia Fintech News
The push for the Arizona Governor, Katie Hobbs, to sign the SBR has already begun. Bitcoin price has signaled bullish sentiment, with the next target above $99k. After months of lobbying and speculation, Arizona has become the first state in the United States to pass a strategic Bitcoin reserve (SBR) bill in both houses. On …
