Bitcoin Surges Past $86,000

On March 5th, the cryptocurrency trading firm Cumberland DRW announced on the X platform that it has reached a joint application agreement with the U.S. Securities and Exchange Commission (SEC) to withdraw the lawsuit that the SEC had filed. The agreement was tentatively reached by both parties on February 20th and is currently awaiting approval from the SEC Commission. The SEC filed a lawsuit against Cumberland DRW in October of the previous year, accusing it of operating as an unregistered securities dealer and selling more than $2 billion in unregistered securities.

On March 5th, as per Decrypt, the Economic Crime Suppression Division (ECD) of Thailand recently carried out raids on five unlicensed cryptocurrency companies located in Bangkok, Phitsanulok, and Nakhon Sawan. A total of 11 individuals were arrested. This operation focused on illegal cryptocurrency trading activities. The companies involved had an annual transaction volume of up to 1 billion Thai baht (approximately $29.3 million). Police seized 6 computers and relevant evidence on the spot. The arrested individuals included both company executives and ordinary employees. ECD Commander Thatphum Jaruprat stated that the case is still undergoing further investigation, and Thai authorities will continue to combat illegal financial activities to maintain market order.

On March 5th, according to HTX market data, Bitcoin rebounded and exceeded $88,000, seeing a 24-hour increase of 1.17%.

March 5th - According to sources, the US and Ukraine are planning to sign a mining agreement. Trump has informed his advisors that he intends to announce the Ukraine mining deal during today's congressional address. (Gold10)

On March 5th, based on HTX market data, Bitcoin saw a rebound and exceeded $87,000. The 24-hour decline was narrowed to 0.49%.

March 5th. As per Cointelegraph, President Alexander Lukashenko of Belarus has tasked the newly appointed Minister of Energy with the development of the country's cryptocurrency mining industry in order to make the most of the excess electricity resources. This decision comes as Lukashenko forms a new government, with a particular focus on the immediate priority of upgrading the national 5700 km grid to fulfill the increasing electricity requirements of households and economic activities.