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Hong Kong-based Ming Shing Group Holdings Limited has purchased 333 Bitcoin for approximately $27 million, marking a shift into digital assets for the construction company. The acquisition was made through its subsidiary, Lead Benefit Limited, at an average price of $81,555 per BTC on February 28, 2025. Ming Shing, which primarily provides wet trades work services — including plastering, tiling, and masonry — sees Bitcoin ( BTC ) as a liquid reserve asset. The firm stated that it intends to use idle funds to capitalize on Bitcoin’s potential appreciation while maintaining flexibility to liquidate holdings for operational needs. This move aligns with a growing trend among public companies diversifying into Bitcoin as an alternative treasury asset. While major firms like MicroStrategy and Tesla have made high-profile Bitcoin purchases, smaller publicly traded companies — particularly in non-tech sectors — are increasingly exploring digital assets. Ming Shing’s director, Wenjin Li, emphasized that the decision aligns with its strategy to enhance shareholder value and explore new growth opportunities.

Ben Gagnon, Bitfarms’ Chief Executive Officer, shared his thoughts on how new geopolitical challenges from the Trump administration would impact the Bitcoin mining industry. Gagnon said during a Bloomberg TV interview on March 11 that both the US and Canada have been energy-driven economies for more than 200 years. Blessed with easy access to affordable power has been a key driver of economic growth over the past two centuries. However, he explained that the ongoing trade tensions and tariffs could have downstream effects on the energy markets, which are critical for Bitcoin mining . “All of our sites are based in Quebec,” Gagnon said. “The largest sites are going to be in Quebec and Alberta, followed by British Columbia. Ontario, on the other hand, isn’t as attractive due to its weaker energy market and reduced capacity.” Despite the political tension between Washington and Ottawa showing no immediate signs of easing, Gagnon believes that greater access to electricity markets and regulatory support will be crucial for the mining sector’s long-term success. He emphasized the need for deregulation and smooth market operations to allow miners to continue expanding their businesses. Bitfarms has been busy in strengthening its market position through strategic acquisitions that allows for better geographical diversity that takes advantage of access to energy. “We’ve transitioned from being 40% based in North America with 6% in the US, to becoming 80% based in North America with 66% in the US,” Gagnon stated. “This shift opens up a world of opportunities for us, improving both the quality and cost structure of our operations.” Gagnon also explained that the shift in energy infrastructure from industrial use to Bitcoin mining is creating new growth opportunities. “For the last four or five years, Bitcoin miners have been investing in energy infrastructure that was previously used for industries like aluminum smelting. As the pendulum swings back toward North America, those assets are now in high demand,” he said. While Gagnon remains bullish on the future of the Bitcoin mining industry, he noted that current regulatory uncertainty remains an ongoing concern, although prospects are indeed improving. He noted that President Trump’s recent moves, including discussions about a strategic Bitcoin reserve, signal at the very least growing recognition of Bitcoin’s role in the economy. But, greater clarity on energy and crypto regulations are key to creating even greater opportunities for growth. “We need greater access to electricity markets and a supportive policy framework to drive long-term success,” he added.

Nasdaq and Bitcoin (BTC) both got hammered in recent weeks, just as Japanese government bond yields climbed and the Japanese yen (JPY), often seen as a safe haven, gained strength. This market action looks a lot like what happened in early August, raising the question of whether we’ll see a similar outcome. Historically, the low-yielding yen has been a source of support for global asset prices, so its recent jump could be behind the latest wave of risk aversion hitting both crypto and stock markets. However, this bullish run for the Japanese yen might be overdone. Data from the Commodity Futures Trading Commission (CFTTC), tracked by MacroMicro , shows that bets for the yen (speculative long positions) hit a record high last week. Often, when everyone piles on one side of a trade, it sets up a reversal. Traders start closing out those crowded positions, and that can cause a quick drop in the asset’s price. Related: Crypto Prices Extend Decline: Investor Jitters as Bitcoin Cracks $80K This suggests the yen’s upward climb might be losing steam, which could be good news for riskier assets like Bitcoin and the Nasdaq. Morgan Stanley’s G10 FX Strategy team said something similar late Friday, warning against expecting more yen strength. They pointed to the “stretched” bets on the yen and strong interest from Japanese investors to buy on dips. The team explained that many Japanese investors use the Nippon Individual Savings Account (NISA) to buy foreign assets when markets get shaky, which can slow down the yen’s rise. Plus, Japan’s public pension system tends to push back against market trends by selling yen-denominated assets when the yen gets too strong. “Indeed, such a scenario occurred last August after a sharp appreciation of the JPY and a pronounced sell-off in equities,” strategists noted. If history does repeat itself, Nasdaq and Bitcoin could bounce back as traders dump yen and jump back into risk assets. As of now, Bitcoin trades at $80,945.10, down slightly – 0.41% – in the last 24 hours. However, trading volume has skyrocketed, up 50.78% to $60 billion, showing a lot more activity in the market. Looking at the chart below, the Bollinger Bands (BB) indicate Bitcoin is testing the lower band. This often suggests an asset is oversold. The 20-day Exponential Moving Average (EMA), around $87.7K, could act as resistance if BTC tries to rebound. Related: Crypto Market Crash: Bitcoin Dumps as Trump’s “Strategic Reserve” Backfires But, if Bitcoin breaks decisively above this EMA, it could make a run towards the upper Bollinger Band limit, near $99.5K. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Worries about a recession sent markets tumbling, hitting both stocks and crypto. On Black Monday, U.S. stock indices took a dive : the Dow shed 2%, the S&P 500 dropped 2.7%, and the Nasdaq nosedived 4%. Major firms like Tesla, Apple, and Nvidia all took a beating, with Tesla falling sharply by 15.4%. At the same time, Bitcoin slipped below $80,000, its second dip in three weeks, rattling investor nerves. Arthur Hayes, co-founder of BitMEX, has been flagging potential market corrections, especially for Bitcoin, for some time. Hayes previously suggested Bitcoin might drop to $75,000, a forecast that now looks increasingly possible. Recent reports show Bitcoin actually hit a low of $81,380, getting closer to Hayes’s predicted price level. In his latest comments , Hayes reiterated his belief that Bitcoin could fall even further if it hits the $75,000 mark. He also pointed to open interest around that price level as a warning sign, suggesting growing bearish sentiment in the market. Related: Bitcoin Price Crash? Arthur Hayes Predicts March Meltdown The market downturn is worsened by concerns about the U.S. economy. Treasury Secretary Scott Bessent recently cautioned about a potential “detox period” as the new administration works to cut government spending. Adding to the unease, U.S. President Trump stated the economy is going through a “transition period,” further fueling investor uncertainty. Adding to the gloom, Goldman Sachs lowered its U.S. growth forecast, citing risks from new tariffs. New York Federal Reserve data shows inflation expectations at 3.13%, increasing worries about the U.S. economic outlook. Bitcoin’s continued decline highlights its struggle to decouple from traditional asset markets. Mintology CEO Zach Burks pointed out that Bitcoin, once considered a safe haven, is now viewed as a high-risk asset. Despite the downturn, technical indicators hint Bitcoin may be nearing a short-term rebound. The RSI, currently at 37.60, is approaching the oversold zone of 30, which often signals a possible price reversal. Related: US Stock Market on Edge of a Bull Run, Says Crypto Firm Moreover, the MACD remains negative, confirming bearish momentum. Still, if buying pressure picks up, these indicators could signal a trend change, possibly leading to a recovery. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The AI token market is seeing a steep downturn, mirroring the broader cryptocurrency space. Even though many expected continued growth in AI-related digital assets, macroeconomic conditions have taken center stage. With Bitcoin slipping below $80,000 and Ethereum dropping under $2,000, the AI sector has also taken major losses. The total market capitalization of AI tokens has now sunk below $5 billion, a major decline. Despite the ongoing price drop, the sector’s technological advancements remain strong. As investors navigate 2025, they are wondering if AI tokens can recover, or if the hype has died down. Cryptocurrency markets are increasingly tied to global events. Economic policies, trade tariffs, and political uncertainties shape the market direction. Factors like the U.S. presidential elections and shifting trade dynamics have resulted in a volatile environment. Related: AI Crypto Market Dips as Cost-Efficient DeepSeek Challenges Giants Instead of just looking at AI token movements on their own, they must be analyzed within the broader macroeconomic picture. Given the unpredictable nature of the global economy, short-term volatility in AI tokens is expected. Even with the downturn, technological innovation in AI tokenization continues ahead. Grok has rolled out DebtReliefBot (DRB), the first AI token on the Base blockchain. This new feature allows users on X (formerly Twitter) to create, exchange, and trade tokens directly through social media posts. The launch generated over $100,000 in fees, showing market interest even during the bearish trend. One exceptionally strong performer during the decline is DebtReliefBot (DRB), which has gone against the market’s downward trend with a significant 65.8% increase in the last 24 hours. Currently priced at $0.0002798 , DRB has maintained an upward trajectory, forming higher highs and higher lows. The 24-hour price range fluctuates between $0.0001237 and $0.0002958, showing strong bullish momentum. If this trend continues, resistance levels near $0.00030 and $0.00035 could be tested. Related: Top 10 AI Crypto Coins to Watch in 2025: Insights & Trends On the other hand, support levels at $0.00020 and $0.0001237 may act as price floors if selling pressure gets stronger. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.