Gate Cryptocurrency News and Market Analysis

The U.S. Secret Service, the UK National Crime Agency, and related Canadian agencies launched "Operation Atlantic" on March 16 to combat cryptocurrency phishing scams through international cooperation, aiming to identify victims, raise public awareness, and recover stolen assets. The operation focuses on authorization phishing, where scammers deceive victims into signing malicious contracts to gain persistent access to assets. The operation proposes countermeasures amid rising attack incidents to prevent fraud escalation.

MicroStrategy recently purchased 22,337 bitcoins for $1.57 billion, bringing its total holdings to 761,068 bitcoins. This acquisition was mainly financed through its record-breaking preferred stock offering, STRC. MicroStrategy aims to reach a total of 1 million bitcoins by 2026, and with the current rate of accumulation, future increases are promising. This purchase has lowered the overall cost basis of its holdings, which will help improve the company's financial situation.

Bitcoin surpassed $75,000 due to multiple factors including BlackRock's IBIT attracting $600 million in inflows, gains exceeding 11% since the U.S.-Iran conflict, and technical short squeeze dynamics. Gold ETF outflows indicate institutions are rotating funds toward Bitcoin. The key focus remains on interest rate policy signals from the March FOMC meeting.