{"id":1980,"date":"2026-03-06T16:49:06","date_gmt":"2026-03-06T16:49:06","guid":{"rendered":"https:\/\/incomeresearchers.com\/index.php\/2026\/03\/06\/crypto-market-update-wall-street-deepens-crypto-stake-with-us25-billion-okx-deal\/"},"modified":"2026-03-06T16:49:06","modified_gmt":"2026-03-06T16:49:06","slug":"crypto-market-update-wall-street-deepens-crypto-stake-with-us25-billion-okx-deal","status":"publish","type":"post","link":"https:\/\/incomeresearchers.com\/index.php\/2026\/03\/06\/crypto-market-update-wall-street-deepens-crypto-stake-with-us25-billion-okx-deal\/","title":{"rendered":"Crypto Market Update: Wall Street Deepens Crypto Stake With US$25 Billion OKX Deal"},"content":{"rendered":"<\/p>\n

<\/em>Here’s a quick recap of the crypto landscape for March 6 as of 2:00 p.m. UTC. <\/strong><\/p>\n

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

\n

Bitcoin (BTC)<\/strong> was priced at US$69,321.36 down by 5.3 percent over the last 24 hours.<\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, March 6, 2026.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ether (ETH) <\/strong>was priced at US$2,017.05, down by 5.6 percent over the last 24 hours.<\/strong><\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
    \n
  • XRP (XRP)<\/strong> was priced at US$1.37, down by 4.5 percent over 24 hours.<\/li>\n<\/ul>\n
      \n
    • Solana (SOL)<\/strong> was trading at US$86, down by 6.3 percent over 24 hours. <\/li>\n<\/ul>\n<\/div>\n
      \n

      Today’s crypto news to know <\/h3>\n

      <\/h4>\n

      <\/h4>\n

      <\/h4>\n

      NYSE parent backs crypto exchange in US$25 billion deal<\/h4>\n

      Wall Street\u2019s push deeper into digital assets gathered pace after Intercontinental Exchange (ICE) agreed to acquire a stake in crypto exchange OKX in a deal valuing the platform at about US$25 billion. <\/p>\n

      ICE, the parent company of the New York Stock Exchange, will also take a seat on OKX\u2019s board, according to a company statement.<\/p>\n

      The agreement comes roughly a year after OKX pleaded guilty to a felony and paid about US$504 million in penalties over allegations it processed more than US$1 trillion in US customer transactions without a license. <\/p>\n

      Despite that history, executives say the new partnership signals a shift toward regulatory alignment. ICE executive Michael Blaugrund said on-chain systems will increasingly play a role in clearing, settlement, and capital formation. <\/p>\n

      Bitcoin ETF outflows persist<\/h4>\n

      Spot Bitcoin exchange-traded funds recorded US$227.9 million in net outflows on Thursday (March 5), marking the largest single-day withdrawal in roughly three weeks. <\/p>\n

      The redemptions coincided with Bitcoin slipping back below US$70,000 after briefly climbing near $US73,000 earlier in the week. <\/p>\n

      Despite this, analysts say the broader trend may be stabilizing as institutional investors quietly reposition. Data tracked by Glassnode shows the 14-day ETF net-flow trend turning positive, while the 30-day change in ETF positions has stabilized near 23,943 after plunging into deeply negative territory earlier this year. <\/p>\n

      Pudgy Penguins faces trademark challenge from apparel brand<\/h4>\n

      The crypto-native brand behind the popular Pudgy Penguins NFT collection is facing a trademark lawsuit from the company that owns the Original Penguin clothing label. <\/p>\n

      PEI Licensing, which has used penguin imagery in apparel since the 1950s, alleges the NFT brand\u2019s logos and trademarks could confuse consumers and infringe on its long-standing intellectual property rights.<\/p>\n

      Filed in federal court in Florida, the complaint claims Pudgy Penguins\u2019 use of similar penguin imagery and trademark applications for phrases tied to its brand violate fair-competition laws. The plaintiff says the similarities between apparel and merchandise sold by both companies could lead buyers to believe the two brands are affiliated. <\/p>\n

      PEI is seeking financial damages, the rejection of certain trademark filings, and the destruction of products bearing allegedly infringing designs.<\/p>\n

      Pudgy Penguins has expanded beyond NFTs into a broader consumer brand, launching a Solana-based token and distributing physical toys through major retailers including Walmart and Target. The toy line alone reportedly generated more than US$10 million in sales within its first year. <\/p>\n<\/div>\n

      Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

      Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

      <\/div>\n<\/p>\n
      This post appeared first on investingnews.com<\/div>\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Here’s a quick recap of the crypto landscape for March 6 as of 2:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin (BTC) was priced at US$69,321.36 down by 5.3 percent over the last 24 hours. Bitcoin price performance, March 6, 2026.…<\/p>\n","protected":false},"author":1,"featured_media":1981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/posts\/1980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/comments?post=1980"}],"version-history":[{"count":0,"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/posts\/1980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/media\/1981"}],"wp:attachment":[{"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/media?parent=1980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/categories?post=1980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/incomeresearchers.com\/index.php\/wp-json\/wp\/v2\/tags?post=1980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}