HERE ARE THE LATEST CRYPTOCURRENCY NEWS UPDATES FOR March 11, 2025:
i.Singapore Exchange Plans Bitcoin Futures Listing
The Singapore Exchange (SGX) intends to introduce open-ended bitcoin futures contracts in the latter half of 2025. This initiative is targeted at institutional clients and professional investors, aiming to "significantly expand institutional market access." Retail investors will not have access to these instruments.
ii. European Concerns Over U.S. Cryptocurrency Policies
Eurozone finance ministers have expressed apprehension regarding the U.S. administration's pro-cryptocurrency stance, fearing it could undermine the eurozone's monetary sovereignty and financial stability. President Donald Trump's executive order to establish a strategic cryptocurrency reserve marks a significant policy shift, prompting European officials to expedite discussions on a digital euro to safeguard economic sovereignty.
iii.North Korean Hackers and the $1.5 Billion Crypto Heist
The Lazarus Group, a North Korean hacking collective, has reportedly extracted $300 million from a recent $1.5 billion cryptocurrency heist—the largest in history. The stolen funds are allegedly intended to support North Korea's nuclear program, with hackers working tirelessly to convert the remaining cryptocurrency into cash.
iv.Cryptocurrency Market Trends
Cryptocurrency values are on the rise, with Bitcoin surpassing $90,000. Enthusiasts are keenly observing whether Bitcoin can exceed its previous record high of $109,135.
