Bitget Wallet adds XRP Ledger integration, enabling XRP transfers, RLUSD transactions, and cross-chain swaps for 90M users.
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USA expansion to Celo signifies the first move beyond Ethereum, leveraging regulated digital dollars on a high-volume network.
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Base outlines its 2026 roadmap focused on global markets, stablecoins, and builders as it expands its onchain economy strategy.
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World launches MiniKit 2.0 with faster transactions, gas sponsorship, and stablecoin support to streamline app development on World Chain.
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Block says it wants to rebuild as a mini-AGI weeks after cutting over 4,000 jobs in an AI driven overhaul led.
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Bitcoin Magazine

New Hampshire’s Bitcoin-Backed Municipal Bond Moves Closer With Moody’s Rating
A first-of-its-kind municipal bond backed by bitcoin is moving closer to issuance after receiving a sub-investment-grade rating from Moody’s Investors Service, marking a major step in the convergence of digital assets and traditional public finance.
The proposed $100 million issuance, structured by the New Hampshire Business Finance Authority (BFA), earned a Ba2 rating — two notches below investment grade, according to Bloomberg reporting.
If completed, the deal would represent the first municipal bond backed by bitcoin collateral, opening a potential new pathway for institutional capital to access the asset class through regulated fixed-income markets.
Under the proposed structure, bond payments will be funded through proceeds generated from bitcoin collateral posted by borrower CleanSpark. Investors will also have upside exposure, with additional payments tied to bitcoin price appreciation.
At the same time, downside protections are built into the deal. If bitcoin’s price falls below a predefined threshold, the trust can be liquidated to repay bondholders in full.
Critically, the bonds carry no backing from taxpayers.
“No public funds of the State of New Hampshire or any political subdivision thereof may be used to pay amounts under the rated bonds,” Moody’s noted in its report, emphasizing that the issuer has no taxing authority to cover any shortfall.
Digital asset firm Wave Digital Assets will oversee transaction administration, while BitGo will serve as custodian for the bitcoin collateral, securing it in regulated cold storage.
The structure was initially approved by the BFA board back in November, 2025, positioning New Hampshire as a potential leader in integrating bitcoin into public finance markets.
Governor Kelly Ayotte backed the initiative at the time, framing it as a way to attract investment without exposing taxpayers to risk.
“This is an innovative way to bring more investment opportunities to our state and position us as a leader in digital finance,” Ayotte said.
The Ba2 rating underscores the core tension at the heart of the product: combining one of the most volatile asset classes with one of the traditionally safest.
Bitcoin has fallen nearly 50% from its October 2025 peak near $126,000, highlighting the risks tied to collateral value fluctuations. Over the same period, high-yield municipal bond indices posted modest positive returns, illustrating the contrast between the two asset classes.
Still, proponents argue the structure’s collateralization model — and liquidation safeguards — could make bitcoin viable within conservative capital markets.
The deal is part of a broader effort by Wave and its partners to create a bridge between digital assets and traditional debt markets, allowing bitcoin to function as institutional-grade collateral.
If successful, the issuance could establish a template for future crypto-backed municipal or corporate debt offerings, effectively creating a new hybrid asset class.
“This isn’t just one transaction—it’s the opening of a new debt market,” Wave co-founder Les Borsai said when the structure was first unveiled.
For now, the bond has no confirmed pricing date. But with a rating in place, the experiment to merge bitcoin with municipal finance is entering a more concrete phase, one that could test whether traditional investors are ready to underwrite crypto risk in exchange for yield and upside exposure.
This post New Hampshire’s Bitcoin-Backed Municipal Bond Moves Closer With Moody’s Rating first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine

Afroman Confirmed As A Bitcoin 2026 Speaker
Afroman has been officially confirmed as a speaker at Bitcoin 2026. Born Joseph Foreman, the Grammy-nominated rapper best known for his 2001 hit “Because I Got High” arrives in Las Vegas this April not just as an artist, but as someone who spent three years in court defending his right to say what happened to him.
In August 2022, law enforcement officers from the Adams County, Ohio Sheriff’s Office raided his home on suspicion of drug trafficking and kidnapping. Nothing illegal was found, and no charges were filed. Afroman did what artists do and he made music about it. Using his own home surveillance footage, he released a series of videos documenting the raid, the most viral of which, “Lemon Pound Cake,” was named after a moment in the footage in which an officer appeared to do a double take at a cake sitting on his kitchen island. Seven of the officers sued him in 2023 for defamation and invasion of privacy, collectively seeking nearly $4 million in damages.
On March 18, 2026, just a month before Bitcoin 2026, a jury ruled in Afroman’s favor on every count after a three-day trial in Adams County Common Pleas Court. Throughout the proceedings, Afroman defended his work on First Amendment grounds, arguing he had the right to use the footage to cover damages from the raid, including a broken gate and front door. Walking out of the courthouse, he told reporters: “I didn’t win, America won. America still has freedom of speech. It’s still for the people, by the people.”
His presence at Bitcoin 2026 extends beyond the stage. The American flag suit he wore throughout his legal battle will be on display in the Bitcoin Conference Art Gallery as part of Relics of a Revolution, an exhibition exploring protest art and asymmetric responses to institutional power throughout Bitcoin’s short history, with the suit up for auction through Scarce.city. For the first time ever, attendees will be able to see Afroman take the Bitcoin Conference stage in person — catch him live at Bitcoin 2026, April 27–29 at The Venetian Resort in Las Vegas.
Bitcoin 2026 will take place April 27–29 at The Venetian, Las Vegas, and is expected to be the biggest Bitcoin event of the year.
Focused on the future of money, Bitcoin 2026 will bring together Bitcoin builders, investors, miners, policymakers, technologists, and newcomers from around the world. The event will feature a wide range of pass types, including general admission passes designed specifically for those new to Bitcoin, alongside premium passes for professionals, enterprises, and institutions.
With multiple stages, immersive experiences, technical workshops, and headline keynotes, Bitcoin 2026 is designed to serve both first-time attendees and long-time Bitcoiners shaping the next era of global adoption.
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Bitcoin 2026 is the definitive gathering for anyone serious about the future of money. With 500+ speakers, multiple world-class stages, and programming spanning Bitcoin fundamentals, open-source development, enterprise adoption, mining, energy, AI, policy, and culture, the conference brings every corner of the Bitcoin ecosystem together under one roof.
From headline keynotes on the Nakamoto Stage to deep technical sessions for builders, institutional strategy discussions for enterprises, and beginner-friendly Bitcoin 101 education, Bitcoin 2026 is designed for everyone—from first-time attendees to the leaders shaping Bitcoin’s global adoption.
Whether you’re looking to learn, build, invest, network, or influence, Bitcoin 2026 is where Bitcoin’s next chapter is written.
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This post Afroman Confirmed As A Bitcoin 2026 Speaker first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Bitcoin Magazine

Satoshi’s 2010 Quantum Response Is Getting a 2026 Stress Test as Google Warns Timeline May Be Closer Than Expected
In 2010, long before quantum computing became a mainstream concern in crypto circles, Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was already sketching out how the network might respond if its underlying cryptography were ever compromised.
The premise was simple but consequential: Bitcoin’s security assumptions are not permanent. They can be replaced.
In early Bitcointalk discussions, Satoshi outlined a scenario in which the system’s cryptographic primitives — whether hashing or digital signatures— could eventually weaken. If that happened gradually, the network could coordinate a transition: a protocol upgrade would introduce stronger algorithms, and users would migrate their holdings by re-signing coins into new address formats.
Even in the case of widespread signature failure, Satoshi suggested the system could still recover if there was time to agree on a transition path.
At the time, it was an abstract exercise in future-proofing. Now, it is becoming a live design question.
New research from Google’s Quantum AI division has reignited debate over how soon quantum machines could threaten modern cryptography, including the elliptic curve signatures securing Bitcoin.
In updated estimates published this week, researchers say the computational requirements for breaking elliptic curve cryptography may be significantly lower than previously believed — potentially requiring fewer than 500,000 physical qubits under optimized conditions. That marks a roughly 20-fold reduction compared to earlier projections.
More importantly, the research suggests that once sufficiently advanced systems exist, they may be capable of executing attacks within Bitcoin’s operational time frame (roughly ten minutes per block) enabling so-called “on-spend” attacks that target transactions while they are still unconfirmed in the mempool.
While no such cryptographically relevant quantum computer exists today, the updated models have compressed the perceived distance between current hardware and theoretical breakpoints.
Some industry participants now describe the shift as moving risk from the mid-2030s into the late 2020s window.
Google has also publicly targeted 2029 as a milestone for broader post-quantum cryptography migration across systems
The renewed attention to quantum risk has placed Bitcoin’s original design philosophy under a new lens. Unlike centralized financial systems, Bitcoin cannot be upgraded unilaterally. Any migration to quantum-resistant cryptography would require voluntary coordination across miners, developers, exchanges, wallet providers, and users.
That dynamic makes Bitcoin structurally slower to adapt, but also more resilient against unilateral changes.
Satoshi’s early framing anticipated this tension. The proposed solution was not prevention, but migration: if cryptography weakens, users would re-sign coins into a new scheme, effectively moving value forward into a stronger security system.
The blockchain itself would persist, but ownership proofs would evolve. What was less clear in 2010 to Satoshi was the scale and coordination challenge such a migration would require in a global, trillion-dollar network.
Recent analysis tied to Google’s findings highlights a more nuanced threat model than earlier “break Bitcoin” narratives. The concern is not only long-term key recovery, but short-window exploitation, where a sufficiently fast quantum system could derive private keys from exposed public keys during transaction broadcast and confirmation.
This introduces a distinction between dormant and active funds. According to estimates cited in the research, a substantial portion of Bitcoin supply may already have exposed public keys on-chain, increasing theoretical vulnerability once quantum capability reaches a threshold.
The response across the digital asset industry has been divided but serious.
Some researchers argue the timeline remains comfortably distant, emphasizing that quantum systems capable of breaking modern cryptography still require breakthroughs in both hardware scale and error correction.
Others, including contributors to Google’s research ecosystem, suggest the slope of progress has steepened enough to warrant immediate preparation.
Galaxy Digital’s head of research, Alex Thorn, noted that while the probability of near-term compromise remains low, the direction of progress is difficult to ignore, and that work on post-quantum migration should be treated as precautionary infrastructure planning rather than reactive crisis response.
“Google Quantum AI’s new paper describes much more efficient circuits that significantly reduce the requirements for a quantum computer to be capable of breaking classical cryptography, such as those that secure blockchains like Bitcoin,” Thorn wrote to Bitcoin Magazine.
“No such computer exists today. And Google’s researcher Craig Gidney gives 10% odds that a quantum machine capable of breaking cryptography will be built by 2030,” Thorn added.
Others find this threat feasible, but far away.
“Quantum computing represents a genuine engineering challenge for the cryptocurrency industry, but it is far from an existential threat in the current form,” Bitfinex analysts shared with Bitcoin Magazine.
The key tension in 2026 is that Satoshi’s migration model assumes time: time to detect a weakening primitive, time to agree on a replacement, and time for users to move funds safely.
Google’s updated analysis compresses that assumption.
If quantum capability develops gradually, Satoshi said that Bitcoin could theoretically transition as originally envisioned. But if capability crosses a threshold rapidly, especially with advances in “on-spend” attack feasibility, the window for orderly migration could narrow significantly.
That is the scenario now driving discussion across protocol developers: not whether Satoshi’s Bitcoin can survive quantum computing in principle, but whether its coordination mechanisms can respond quickly enough in practice.
This post Satoshi’s 2010 Quantum Response Is Getting a 2026 Stress Test as Google Warns Timeline May Be Closer Than Expected first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine

Bitcoin Price Faces Rising Sell Pressure as ETF Demand Absorbs Distribution
Bitcoin sell pressure is rising as the bitcoin price drifts toward a sixth straight monthly loss, yet underlying flows show a split market where short-term holders exit while institutions absorb supply.
Bitcoin price traded below $65,000 late Tuesday after falling from above $74,000 earlier in March. The move has come alongside a rise in exchange inflows, with about 22,000 BTC sent to trading venues during one session, signaling distribution from recent buyers.
Despite that pressure, price has held above the $60,000 range and remains above long-term support levels.
The key question is where the coins are going.
On-chain data points to a steady transfer of supply from short-term holders to larger entities. Over the past month, roughly 63,000 BTC has been accumulated through spot exchange-traded funds and similar vehicles, offsetting a portion of the selling. That flow suggests demand from institutions has returned after several months of reduced exposure.
ETF data shows inflows have begun to stabilize after a period of sustained outflows.
U.S.-listed spot Bitcoin ETFs have recorded about $1.2 billion in net inflows in March, marking a shift in positioning. The renewed demand has not been strong enough to lift price, but it has helped absorb coins sent to market during periods of weakness.
Short-term holders, defined as wallets holding Bitcoin for less than 155 days, tend to react to drawdowns and volatility. Their selling often peaks during consolidation phases, adding supply at local lows. That pattern has emerged again as Bitcoin price struggles to reclaim momentum following a failed push above $76,000 earlier in the month.
At the same time, the supply available from these holders is finite. As coins move into longer-term storage or institutional vehicles, liquid supply tightens. If demand remains steady, that dynamic can create a base for future price stability.
Still, macro conditions continue to shape the broader trend. Bitcoin is on track to match a rare six-month losing streak, last seen in 2018-2019. A monthly close below $67,300 would confirm the sequence, reflecting persistent pressure across risk assets.
Unlike past cycles, Bitcoin price has not yet broken below its 200-week moving average or realized price, levels that have marked prior bear market lows. That has left the market in a middle ground, with neither capitulation nor clear recovery, according to Bitcoin Magazine Pro data.
Nicolai Sondergaard, research analyst at Nansen, said positioning reflects uncertainty tied to macro drivers.
“Bitcoin still looks range-bound here, not outright weak but not in a clean risk-on regime either. Spot holding around $67,685 alongside exchange outflows suggests there is still underlying accumulation, but options positioning into end-of-week expiry reflects uncertainty more than conviction, with skew and IV being shaped primarily by macro inputs, dollar strength, and rate repricing rather than crypto-native demand,” Nicolai wrote to Bitcoin Magazine.
Macro signals have taken priority over crypto-specific catalysts. Oil prices above $100, shifting expectations for rate cuts, and geopolitical tensions have driven capital allocation decisions. Bitcoin price has remained correlated with equities and other risk assets, limiting the impact of internal flows.
Bitfinex analysts pointed to a change in institutional behavior as a key development.
“Institutional flows have undergone a clear regime shift. After a strong accumulation phase in early March, ETF flows have turned decisively negative, culminating in some of the largest single-day outflows from IBIT. This reversal signals active de-risking by institutional participants rather than passive rotation, removing a key pillar of support for price,” they shared with Bitcoin Magazine.
They added that broader liquidity conditions continue to dominate.
“Bitcoin has remained correlated with broader risk assets and has participated in ongoing institutional de-risking. This behaviour reflects the dominance of liquidity conditions in the current regime, where rising yields and tighter financial conditions are driving capital allocation decisions.”
For now, the market reflects a balance between distribution and absorption.
Short-term holders continue to sell into weakness, while institutions step in during dips. The outcome of that standoff will depend less on crypto-specific demand and more on whether macro conditions ease enough to support renewed risk appetite.
At the time of writing, the bitcoin price is less than $67,000.

This post Bitcoin Price Faces Rising Sell Pressure as ETF Demand Absorbs Distribution first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine

Bitfarms (BITF) Started Selling All of Its Bitcoin, Pivoting Fully to AI Infrastructure
Bitfarms is moving toward a future with no bitcoin on its balance sheet, marking one of the clearest breaks yet between legacy mining firms and the emerging AI infrastructure trade.
The Nasdaq-listed company confirmed it has begun selling its bitcoin holdings and plans to continue doing so over time, with CEO Ben Gagnon stating on the firm’s fourth-quarter earnings call, “In time, we will have no bitcoin.”
The approach signals a phased exit rather than a single liquidation, with management indicating it will sell into market strength while extracting remaining cash flow from mining operations.
Bitfarms held 1,827 BTC as of its latest disclosure, according to BitcoinTreasuries.net. The company generated $28.2 million in realized gains from bitcoin sales in 2025, underscoring that the transition is already underway. While it continues to mine in the near term, the stated goal is to wind down that business line and redeploy capital elsewhere.
That destination is artificial intelligence and high-performance computing infrastructure. Bitfarms is building out a 2.2 gigawatt development pipeline across North America, spanning sites in Pennsylvania, Washington, and Québec. The company expects this infrastructure to support AI-driven workloads, with revenue contributions targeted to begin in 2027.
The shift reflects a broader recalibration across the mining sector. Faced with tighter margins, rising competition, and the long-term impact of bitcoin halving cycles, many miners are exploring alternative uses for their energy assets.
Data centers designed for AI and cloud workloads offer a path to steadier demand and contracted revenue, in contrast to the volatility tied to bitcoin prices.
Bitfarms’ transformation also includes a corporate overhaul.
Shareholders have approved a redomiciliation from Canada to the United States alongside a rebrand to Keel Infrastructure. The transition is expected to close around April 1, with shares set to trade under the ticker KEEL shortly after.
The new identity is meant to reflect a business centered on energy and compute infrastructure rather than digital asset production.
Management framed the pivot as the culmination of investments made over the past year. “Everything we built in 2025 — the sites, the team, the balance sheet — was in service of one thesis,” Gagnon said, pointing to rising demand for AI infrastructure. The company has positioned its portfolio in regions with grid access and power availability, which it sees as key constraints in the current data center market.
As of late March, Bitfarms reported total liquidity of about $520 million, including both cash and bitcoin holdings. The gradual sale of its remaining BTC is expected to support ongoing development while simplifying the balance sheet. The company also repaid $100 million in debt tied to a prior financing facility, a move aimed at improving flexibility as it enters a capital-intensive buildout phase.
Financial results highlight the pressures behind the shift. Bitfarms reported $229 million in revenue for 2025, up 72% year over year, but posted a net loss of $284 million. A significant portion of that loss stemmed from changes in the fair value of digital assets and impairment charges, reinforcing the volatility inherent in holding bitcoin on the balance sheet.
Bitfarms has made clear it does not plan to compete directly in cloud services. Instead, it aims to supply powered land and data center capacity, enabling customers to deploy compute resources.
The model aligns with a growing class of firms that focus on the physical layer of the AI stack, where access to electricity and permitting has become a bottleneck. Bitcoin miners fit well into that stack because of their existing infrastructure.
Bitfarm’s stock was up over 5% at times today. BITF is currently priced at $1.89 a share.
This post Bitfarms (BITF) Started Selling All of Its Bitcoin, Pivoting Fully to AI Infrastructure first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
The Midnight Foundation declared its network live on Mar. 29, with the genesis block dated Mar. 17.
That launch gives Cardano's community its first production test of Charles Hoskinson's argument that public blockchains cannot reach regulated finance, identity, and business use unless the infrastructure itself embeds privacy and compliance from the start.
Cardano enters that test in an unusual position: a market cap above $9.1 billion, 672 active developers per Electric Capital data, and a DeFi footprint that hasn't matched the valuation's weight.
DefiLlama shows roughly $134 million in total value locked, about $47 million in stablecoins, and less than $2,000 in daily chain fees.
The gap between Cardano's perceived scope and its on-chain activity persists. Midnight's premise is that privacy-first infrastructure can attract a class of users and use cases that Cardano's base layer never targeted.
| Metric | Figure in article | Why it matters |
|---|---|---|
| Market cap | Above $9.1 billion | Shows Cardano carries large market expectations |
| Active developers | 672 | Suggests a meaningful builder base already exists |
| DeFi total value locked | Roughly $134 million | Indicates limited financial activity relative to valuation |
| Stablecoins on Cardano | About $47 million | Shows modest settlement/liquidity footprint |
| Daily chain fees | Less than $2,000 | Suggests restrained day-to-day economic usage |
| Core takeaway | Large valuation + developer base, but relatively light on-chain finance | Sets up Midnight as a test of whether privacy/compliance can close the gap |
Hoskinson framed Midnight at launch as an addition to a generational arc: Satoshi gave sound money, Ethereum gave programmability, Cardano brought governance and interoperability, and Midnight returns identity and privacy.
Institutional stablecoin volume reached $1.22 trillion, yet only 0.0013% settled on private rails, per Aleo's 2025 Privacy Gap Report.
RWA.xyz now tracks about $26.67 billion in distributed tokenized assets, with McKinsey projecting that tokenized financial assets could reach around $2 trillion by 2030.
At that scale, privacy becomes a market-structure issue. Public ledgers expose positions, counterparties, and reserve data in ways that regulated compliance frameworks cannot readily accommodate.
Midnight's architecture targets that friction directly. Its key building blocks enable institutions to demonstrate compliance or solvency without broadcasting sensitive data that would render transparent chain participation commercially untenable.
Compact, a TypeScript-influenced smart contract language, provides enterprise developers already familiar with TypeScript with a direct onboarding path to the network.
The dual-token NIGHT/DUST model adds further structural logic: separating governance and security (NIGHT) from transaction costs (DUST) provides enterprises with predictable operating economics.
This token model eventually abstracts crypto exposure away from end users entirely, a feature that compliance-driven buyers often value over cryptographic architecture alone.
Other protocols are also betting on the privacy-plus-compliance pitch.
Aztec combines a public and private smart contract state with client-side proving. Namada advances selective disclosure and privacy for viewing keys. Aleo recently announced USAD, a privacy-by-default stablecoin built on the same institutional gap rhetoric.
The field has become a genuine competitive cluster, and Midnight's edge sits in a specific combination: Cardano-linked validator selection that accounts for SPO stake delegation, NIGHT's initial launch on Cardano mainnet, and Lace wallet support added in early March.
| Network | Privacy model described in article | Compliance / disclosure angle |
|---|---|---|
| Midnight | Privacy-first infrastructure; shielded/unshielded assets; private proofs | Selective disclosure; compliance and solvency can be demonstrated without exposing sensitive data |
| Aztec | Public and private smart contract state with client-side proving | Implied compliance-friendly privacy posture |
| Namada | Privacy with viewing keys | Selective disclosure |
| Aleo | Privacy-by-default positioning | Institutional privacy-gap framing; USAD stablecoin |
Those linkages give Midnight access to Cardano's existing staking infrastructure and builder base that competitors cannot replicate.
The network opens on a federated operator model, consisting of names such as Google Cloud, Blockdaemon, MoneyGram, Pairpoint by Vodafone, eToro, Worldpay, and Bullish running block production from day one.
Each brings a different theory of where regulated on-chain finance goes next. Midnight bets that a Cardano-adjacent, enterprise-first operator model gets there first.
The federated operator set is both a design choice and a constraint. A curated infrastructure environment lowers the trust bar for regulated institutions evaluating deployment, as they can verify who operates the network before committing sensitive workflows to it.
Google Cloud's role is infrastructure and node operation. MoneyGram is exploring a confidential payment network settlement with regulatory trust, acting as both a node operator and an active collaborator in the network's early phase.
Monument Bank represents the clearest near-term product case: the bank wants to bring up to £250 million in tokenized retail deposits onto Midnight in a first phase, drawing from £7 billion in deposits managed for more than 100,000 customers.
Worldpay is running a stablecoin payments proof of concept using USDG, while Bullish is building a proof-of-reserves tooling on the privacy layer.
Each of those arrangements sits at the proof-of-concept stage, and the Midnight team said in January it was still compiling a definitive inventory of applications targeting the launch window.
A separate restraint applies to token metrics. NIGHT traded above $1 billion in market cap in late January 2026, but CoinGecko placed it at nearly $731 million as of Mar. 30.
That earlier episode measured attention, and treating it as evidence of sustained network adoption would misrepresent the data.
Broader community-driven block production is scheduled for later in 2026, which gives decentralization skeptics a clear opening: the network is asking observers to trust a curated launch environment before it has proved decentralized demand.
In the bull case, Monument discloses visible issuance milestones over the next 90 days, and at least one of Worldpay, Bullish, or MoneyGram publishes a production milestone or public demo.
| Test area | Bull-case signal | Bear-case signal | Why it matters |
|---|---|---|---|
| Monument Bank | Visible issuance milestones tied to tokenized deposits | No visible issuance progress | Most concrete near-term product case in the article |
| Worldpay / Bullish / MoneyGram | Public demo, production milestone, or clear workflow in use | Announcements remain exploratory | Shows whether enterprise names become real usage |
| Application pipeline | Named live apps or credible launch-window deployments | Pipeline stays thin through mid-2026 | Distinguishes infrastructure readiness from adoption |
| Institutional traction | Regulated-finance use cases begin moving on-chain | Interest stays at proof-of-concept stage | Tests whether privacy/compliance actually unlocks new demand |
| Network structure | Progress toward broader community-driven block production later in 2026 | Federated launch becomes a lasting criticism | Determines whether enterprise trust and decentralization can coexist |
| Cardano ecosystem impact | Midnight starts pulling in builders and institutions beyond Cardano’s base-layer activity | Activity stays narrative-driven, not usage-driven | Measures whether Midnight expands Cardano’s orbit |
| NIGHT market cap | Retests the $1 billion-plus range alongside real adoption signals | Token price becomes the only visible traction point | Keeps token metrics secondary to network usage |
| Bottom line | Architecture turns into measurable adoption | Thesis remains technically credible but commercially unproven | Frames the verdict readers should watch for |
Midnight begins to function as the first credible bridge between Cardano's infrastructure and regulated on-chain finance, pulling in builders and institutions that transparent ledgers have never served.
Additionally, NIGHT retests the $1 billion-plus range as Midnight becomes the dominant new narrative for Cardano's broader orbit.
In the bear case, the application pipeline stays thin through mid-2026. Enterprise commitments result in announcements before live application deployment. The federated launch draws more criticism from participants focused on decentralization.
Midnight still carries technical credibility but fails to establish product-market fit in its stated institutional target, and the privacy-and-compliance thesis never graduates from architecture to an adoption record.
Hoskinson can now point to a full stack running from Cardano's governance and interoperability layer to Midnight's identity and privacy layer.
The verdict will come later, from the applications builders deploy, the deposits Monument actually tokenizes, and the workflows the institutional operators commit to past the launch window.
The post Cardano’s $9B network has little real activity — its new system aims to fix that appeared first on CryptoSlate.
America holds roughly 38% of global Bitcoin mining capacity, and the specialized hardware powering that position comes overwhelmingly from Chinese manufacturers.
Senators Bill Cassidy and Cynthia Lummis introduced the Mined in America Act on Mar. 30 to address that gap, proposing certification, domestic manufacturing support, and the codification of President Donald Trump's Strategic Bitcoin Reserve to begin unwinding a foreign hardware dependence they frame as a national industrial vulnerability.
Cassidy's office cites 97% of mining hardware coming from China. Hashrate Index's January 2026 update places US Bitcoin mining capacity at roughly 37%-38% of the global total, at around 400 exahashes per second.
Both data points describe the same supply-chain gap: American mining operations running on machines supplied by Chinese manufacturers. That combination of leading the world in an activity while relying on adversary-linked manufacturers for the machines that enable it is the argument the bill puts into legislative form.

The bill proposes a voluntary “Mined in America” certification administered by Commerce. Certified facilities would phase out mining hardware linked to foreign adversaries.
NIST and the Manufacturing Extension Partnership would support domestic hardware manufacturing by drawing on existing federal energy and rural programs. Cassidy's office says the bill operates within current program authorities.
The bill would also write the Strategic Bitcoin Reserve into statute. Trump's March 2025 executive order created the reserve using forfeited government Bitcoin and specified that any additional acquisition strategies must be budget neutral, imposing no incremental taxpayer cost.
Moving the reserve from executive action to law would give it legislative standing beyond a single administration and, for the first time, bind the hardware-sourcing argument to a federal balance sheet instrument.
The Mined in America Act rests on a specific argument: owning the activity layer while ceding the hardware layer to foreign-origin manufacturers leaves the US exposed upstream.
The bill's answer spans certification, manufacturing support, and reserve codification, three policy levers that together frame Bitcoin mining as a sector deserving the same upstream attention Washington gives to semiconductors or critical minerals.
Reuters reported that US authorities began seizing some Chinese-made mining equipment at ports in late 2024 on FCC and Customs enforcement grounds, before releasing some of it in March 2025.
Those seizures gave the hardware dependence argument concrete, documented weight.
The port-level friction raised a question that the bill now codifies in law: if Chinese-origin mining gear can be caught by customs enforcement, what does that mean for an industry whose hardware stack now connects directly to Treasury reserve policy?
For the bill's backers, the episode turned that question from theory into documented enforcement history.
Mining economics made the supply chain exposure more consequential. A CoinShares report puts network hash price in the $30 to $35 per petahash per day range, with roughly 15% to 20% of the global fleet operating at a loss at those levels.
Hardware supply disruptions land harder when the hash price environment already squeezes margins, with operators unable to quickly source replacement machines facing real operational exposure from a customs hold or tariff escalation.
The SEC released guidance on Mar. 17 clarifying the treatment of protocol mining and other crypto activities. A July 2025 White House digital assets report directed Congress and regulators to support US digital asset leadership.
Washington now treats crypto infrastructure as an industrial-policy category, and the Mined in America Act arrives as the hardware-sourcing component of that reorientation.
| Date | Event | Why it mattered |
|---|---|---|
| Late 2024 | U.S. authorities began seizing some Chinese-made mining equipment at ports | Turned hardware dependence from a theoretical concern into a real enforcement issue |
| March 2025 | Some of the seized mining equipment began to be released | Showed the issue was active and operational, not a one-off headline |
| March 2025 | Trump’s executive order created the Strategic Bitcoin Reserve | Elevated Bitcoin from a market topic to a federal policy and Treasury issue |
| July 2025 | White House digital assets report backed U.S. digital-asset leadership | Placed crypto infrastructure within a broader national competitiveness agenda |
| March 17, 2026 | SEC released guidance on protocol mining and other crypto activities | Signaled a more formal federal posture toward crypto infrastructure |
| March 30, 2026 | Cassidy and Lummis introduced the Mined in America Act | Put the mining-hardware supply-chain issue into legislative form |
The bill's logic runs through the same channel as semiconductor policy, battery manufacturing, or telecom equipment: who controls the machines behind a compute-intensive infrastructure that now touches power markets and the Federal Reserve.
In 2024, the EIA estimated that cryptocurrency mining could account for up to 2.3% of US electricity consumption at 137 identified facilities. March reporting shows data-center electricity demand already generating public pushback over grid strain and utility costs.
Mining now sits within a broader public infrastructure debate, well beyond crypto.
The harder question the bill raises is what “American” hardware actually means. Reports noted that Chinese-origin manufacturers have already begun establishing US production footholds, in part to navigate tariffs, while US-based Auradine has been promoting its products and policy case for domestically designed ASICs.
Assembly in America and design-plus-component-sourcing in America produce different supply chain outcomes, and the bill's certification framework will eventually have to define which one earns the label.
The Mined in America Act drawing broad Republican support and the White House folding it into a combined reserve-protection and manufacturing plank represents the bull case.
Domestic and domestically assembled rig capacity expands enough to capture meaningful orders from certified facilities.
The US holds its high-30s share of global hash rate while reducing upstream concentration risk, and Bitcoin mining joins semiconductors and critical minerals as a named category in US industrial policy.
In this scenario, Auradine and potential new entrants capture orders that currently go abroad.
In the bear case, the legislation stalls. “Mined in America” functions as a certification brand with limited uptake, and miners continue buying from Chinese-origin vendors because price, performance, and availability dominate purchasing decisions.
| Test area | Bull case | Bear case |
|---|---|---|
| Domestic mining hardware capacity | U.S. and domestically assembled rig supply expands enough to win meaningful orders | Domestic capacity stays too limited to shift buying patterns |
| Certified facility uptake | Miners adopt “Mined in America” certification in meaningful numbers | Certification becomes mostly symbolic with limited market uptake |
| U.S. hash-rate position | U.S. keeps its high-30s share of global mining while reducing hardware dependence | U.S. maintains mining share but remains exposed to foreign hardware supply |
| Dependence on Chinese-origin vendors | Operators diversify away from dominant Chinese-origin manufacturers | Price, performance, and availability keep miners buying from the same vendors |
| Auradine and potential new entrants | U.S.-based suppliers capture orders that previously went abroad | New entrants struggle to compete on cost and scale |
| Strategic Bitcoin Reserve relevance | Reserve policy and mining hardware policy become part of one industrial strategy | Reserve codification remains mostly separate from the actual hardware bottleneck |
| Broader policy meaning | Bitcoin mining joins semiconductors and critical minerals as a named industrial-policy category | The bill stands mainly as a statement of vulnerability rather than a reshoring success |
| Bottom line | America converts mining leadership into upstream supply-chain resilience | America continues leading in mining activity without controlling the machines behind it |
Washington's policy ambitions outpace its industrial capacity to execute them, and the bill serves as a documented statement of vulnerability that the domestic manufacturing base has yet to answer.
The bill's introduction puts the supply chain gap in Bitcoin's hardware layer onto the Senate's legislative record.
The post Washington moves to cut China out of the machines powering US Bitcoin mining appeared first on CryptoSlate.
Bitcoin rose back above $68,000 on March 31 after markets began to bet on a resolution to the Iran-US-Israel War and Iranian President Masoud Pezeshkian said Tehran was prepared to end the war under certain conditions.
Data from CryptoSlate showed the broader crypto market added about $40 billion in value after the remarks. Bitcoin climbed nearly 2% to retake the $68,000 level, while Ethereum rose 3% to around $2,100.

The rebound marked a sharp reversal for digital assets, which had spent much of the past week under pressure as the conflict in the Middle East pushed investors toward oil, the dollar, and other traditional defensive trades.
The terms sought by Tehran were not immediately clear, leaving markets to react first to the possibility of de-escalation rather than to any concrete diplomatic framework.
Still, that uncertainty did little to slow the initial move across asset classes.
The Kobeissi Letter suggested that oil prices had fallen sharply by 5% in about three minutes today, because of unconfirmed comments from Pezeshkian. The post implies that algorithmic trading systems quickly seized on the headline. It said more than $1 trillion in market value moved across global markets within minutes as investors repriced the likelihood of a prolonged conflict.
Reports also surfaced yesterday of the PM making similar comments.
Today, US stocks also rallied rapidly at the same time, while the dollar fell by almost 1% on the DXY Dollar Index. The S&P 500 gained 2.5% on the day, adding about $1.4 trillion in market capitalization, as traders moved back into risk assets that had been battered by the surge in energy prices and fears of a wider regional disruption.
A WSJ article today follows directionally with Kobeissi's narrative, stating that President Trump is also keen on ending the war soon.
The reaction reflected how heavily the war had begun to weigh on financial markets before Tehran's latest remarks. Notably, oil prices have consistently traded above the $100 mark this month, with Brent crude on course for its biggest monthly gain on record, up 54% since the start of March.
That oil shock has become the central macro channel linking the conflict to crypto. Bitcoin and other digital assets have increasingly traded like broader risk-sensitive instruments during periods of rising yields, tighter financial conditions, and inflation anxiety.
As crude surged, investors worried that a longer disruption in Middle East energy flows would keep price pressures elevated, weaken growth, and reduce the room for central banks to ease policy.
Meanwhile, the economic stakes stretch well beyond financial markets.
The International Monetary Fund recently warned that a prolonged conflict that continues to choke flows through the Gulf would lead to higher prices and slower growth worldwide.
That view has shaped investor behavior across asset classes, with traders watching not just the battlefield but also the Strait of Hormuz, one of the world’s most important energy chokepoints.
The post Bitcoin, stocks rally because of chatter that Iran is ready to ‘end the war’ as Dollar Index sinks below 100 appeared first on CryptoSlate.
Senate Banking is targeting the second half of April for a markup of the Digital Asset Market Clarity Act, with Easter recess running through Apr. 13.
Senator Cynthia Lummis publicly confirmed the timetable, and Senator Bernie Moreno put the deadline plainly: missing the Senate floor by May could push serious digital asset legislation beyond the 2026 midterm cycle and close the window.
The five-step route from Banking Committee markup to floor vote, conference with the Agriculture Committee version, final passage, and presidential signature compresses the bill's timetable into a few weeks.
The stablecoin yield dispute that canceled the January markup now has a resolution in principle.
Senators Thom Tillis and Angela Alsobrooks reached a deal that Lummis described as 99% resolved. The framework would bar passive yield on held stablecoins while allowing activity-based rewards tied to payments, transfers, wallet use, and similar functions.
Alsobrooks described the compromise as one that would leave both sides “just a little bit unhappy.”
Senators still need to resolve new complications regarding community bank deregulation, ethics provisions for crypto-linked officials, and the treatment of DeFi before they can lock in the markup text.
The House passed CLARITY 294-134 in July 2025, and the GENIUS Act became law on the same month. The White House established the Strategic Bitcoin Reserve by executive order in March 2025.
The SEC and CFTC jointly clarified the treatment of crypto on Mar. 17. Together, those moves show the US building a policy stack that sorts digital-asset models by how well they fit within the American financial system.
| Date | Event | What it added to the policy stack |
|---|---|---|
| July 2025 | House passes CLARITY, 294–134 | Put a federal market-structure framework on record in one chamber |
| July 2025 | GENIUS Act becomes law | Created the federal stablecoin framework and narrowed stablecoins toward payments utility |
| March 2025 | White House establishes the Strategic Bitcoin Reserve by executive order | Gave Bitcoin formal policy symbolism inside the U.S. digital-asset agenda |
| March 17, 2026 | SEC and CFTC jointly clarify crypto treatment | Reinforced the commodity/securities sorting logic behind CLARITY |
| Second half of April 2026 target | Senate Banking markup | Opens the path for the Senate to close the largest remaining legislative gap |
| May 2026 urgency window | Senate floor deadline, per the article’s framing | Compresses the bill’s path into a narrow political window |
CLARITY would close the largest legislative gap in that architecture, and Bitcoin sits at the top of that hierarchy.
Senate Banking's own framing says the bill would draw a bright line between digital asset securities and digital asset commodities, replace regulation-by-enforcement with a rule-based regime, and give the CFTC authority over spot markets for non-security digital assets.
Bitcoin already occupies the commodity lane in market convention, court rulings, and political symbolism. CLARITY would give that position statutory backing and deepen the Strategic Bitcoin Reserve's policy weight.
The stablecoin architecture now taking shape points toward a payments utility.
The GENIUS Act requires 100% reserve backing, monthly disclosures, and marketing rules that bar misleading claims about government backing, insurance, or legal-tender status.
Section 404 of the Senate CLARITY draft bars digital asset service providers from paying interest or yield solely for holding a payment stablecoin and blocks any marketing that frames stablecoin compensation as deposit-like, FDIC-insured, or risk-free.
Activity-based rewards tied to transactions and platform participation stay on the table. The familiar pitch of holding a dollar-pegged token and collecting yield sits outside what either law authorizes.
That framework reshapes Bitcoin's narrative position. As Congress channels stablecoins toward regulated payments plumbing, Bitcoin stands out more clearly as the investable risk asset in US crypto markets.
Stablecoins see increased transaction volume and utility within the framework. They lose the quasi-savings economics that could otherwise compete for capital alongside a long-term Bitcoin position.
The market already priced that asymmetry in real time. Circle suffered a 20% selloff when the stablecoin reward-restriction language surfaced.
Coinbase's stablecoin revenue reached $364.1 million in the quarter ended Dec. 31, 2025, while Circle's reserve-income-linked business drove the bulk of its results. Traders treated the compensation limits as a direct hit to those business models.
Bitcoin’s value proposition runs through scarcity and commodity demand, a model Congress is leaving intact.
CoinGecko shows Bitcoin accounting for roughly 56% of the total crypto market capitalization, with stablecoins at about 13%.

JPMorgan analysts called CLARITY passage by midyear a positive catalyst for digital assets, citing regulatory clarity and institutional scaling. Polymarket placed 2026 signing odds at 72%.
Those readings show a market that expects a cleaner commodity designation to give institutions a cleaner rationale for Bitcoin exposure and to formalize a dominance structure already in place.
In the bull case, Senate Banking marks up the bill in late April, and the full Senate treats it as the closing chapter of a coherent US digital asset framework.
Institutions read the SEC/CFTC bright line as a mandate to classify Bitcoin as a commodity for custody, portfolio construction, and product approval.
Bitcoin's market cap dominance extends from the mid-50s toward the 60% range as capital concentrates in the asset with the clearest legal and political fit. Stablecoins keep expanding as a payments infrastructure.
Congress constrains its yield economics while preserving its transaction utility. Altcoins gain process clarity and lose the gray-area optionality that once let projects defer classification.
| Category | Bull case | Bear case |
|---|---|---|
| Bitcoin | Gains the clearest legal and political fit as a commodity asset; market-cap dominance moves from the mid-50s toward the 60% range | Still outperforms relative to the rest of crypto, but the broader market reads CLARITY as selective rather than broadly bullish |
| Stablecoins | Keep expanding as payments infrastructure under a clearer federal regime | Grow in utility but lose the economics that made them attractive as yield-linked products |
| Stablecoin-linked equities | Benefit from long-term legal certainty and institutional adoption of regulated stablecoin rails | Stay under pressure because reward and compensation limits cut into core business models |
| Altcoins | Gain process clarity and a cleaner route to classification and compliance | Face tighter disclosure and intermediary standards that favor incumbents over smaller projects |
| Exchanges and intermediaries | Operate inside a more legible rulebook that supports institutional participation | Lose a marketing tool tied to stablecoin rewards and face a heavier compliance burden |
| Institutional adoption | Gets a cleaner rationale for Bitcoin exposure, custody, and product approval | Stays selective, concentrating first around Bitcoin and the most compliance-ready parts of the market |
| Overall market structure | Formalizes a U.S. hierarchy: stablecoins for payments, Bitcoin for investable exposure, other crypto deeper in the compliance funnel | Produces an uneven market where Bitcoin gains legitimacy faster than the rest of the sector |
In the bear case, CLARITY passes and distributes the benefits unevenly. Stablecoin-linked equities stay under pressure because compensation limits cut directly into business models built around yield sharing. Exchanges lose a marketing tool.
Altcoin projects face disclosure obligations and intermediary standards that favor incumbents over new entrants. Bitcoin outperforms on a relative basis while the broader crypto complex trades sideways or weaker.
The Circle selloff already offered a preview of how fast that separation can show up in the market.
Each outcome points to the same destination: Bitcoin exits the process in a stronger position than the rest of the market. If CLARITY passes, Washington will have chosen which crypto asset gets to look legitimate first, and Bitcoin holds the strongest claim to that role.
The post CLARITY Act deadline in weeks could kill stablecoin earnings and push money into Bitcoin appeared first on CryptoSlate.
A new paper from Google Quantum AI has sharply reduced the estimated hardware required to crack elliptic-curve cryptography used by Bitcoin and much of Ethereum, moving a long-running security debate closer to market terms.
At current market prices, the quantum computing risks could affect more than $600 billion in Bitcoin, Ethereum, and stablecoins.
The paper, co-authored by Google researchers, Ethereum Foundation researcher Justin Drake, and Stanford cryptographer Dan Boneh, says Shor’s algorithm for the 256-bit elliptic curve discrete logarithm problem can run with either no more than 1,200 logical qubits and 90 million Toffoli gates or no more than 1,450 logical qubits and 70 million Toffoli gates.
Google says those circuits could be executed on a superconducting, cryptographically relevant quantum computer with fewer than 500,000 physical qubits in a few minutes, roughly a 20-fold reduction from prior estimates of the number of physical qubits.
Notably, Google does not say such a machine exists today. Still, Ethereum Foundation's Drake said his confidence in a so-called Q-day by 2032 had risen sharply and that he now sees at least a 10% chance that a quantum computer could recover a secp256k1 private key from an exposed public key by then.
Meanwhile, Google paired the paper with an unusual disclosure model, revealing that it engaged with the US government and used a zero-knowledge proof so outsiders could verify the resource estimates without receiving the underlying attack circuits.
The paper says progress in quantum computing has reached the point where publishing improved attack details in full has become less prudent, even as publishing trustworthy resource estimates remains necessary to motivate defenses.
For Bitcoin, the paper’s immediate market hook is timing. It models an “on-spend” attack in which a quantum machine derives a private key after a user reveals a public key by broadcasting a transaction, then tries to syndicate a competing transaction before the original payment is confirmed.
The paper says a fast-clock superconducting machine could reduce the live attack window to about 9 minutes from a primed state, close to Bitcoin’s roughly 10-minute average block time.

Under the paper’s assumptions, that implies a theft success probability of slightly less than 41%.
Meanwhile, that is only one part of the Bitcoin story, as the paper pointed out that about 6.7 million BTC are sitting in vulnerable addresses. This is equivalent to roughly $444 billion, or nearly 32% of BTC's total cap of 21 million coins.
Of this, the paper says old Pay-to-Public-Key scripts still secure more than 1.7 million BTC, worth about $112.6 billion at current market price, and that the total amount of dormant quantum-vulnerable Bitcoin may reach 2.3 million BTC across script types, or about $152.3 billion.
Those coins cannot all be migrated simply by asking current users to move funds, because many are thought to be abandoned, lost, or otherwise inactive.
Apart from that, the authors also argue that Taproot, despite its benefits for privacy and flexibility, reintroduced a quantum weakness because Pay-to-Taproot places the tweaked public key directly in the locking script.
They added that Grover-based attacks on Bitcoin mining remain impractical for decades, keeping the near-term focus on signatures rather than proof of work.
That leaves Bitcoin with two distinct problems. One is the risk of live transactions if a future fast-clock machine can reliably break keys within the settlement window. The other is a large stock of older or exposed coins that could become fixed targets in a post-CRQC world.
The paper explicitly states that every existing Bitcoin transaction type is vulnerable to on-spend attacks from a future fast-clock machine, while older P2PK outputs and modern P2TR outputs introduce at-rest exposure of their own.
Meanwhile, the quantum risks for Ethereum are presented differently.
The paper says early fast-clock quantum computers are unlikely to launch the same kind of on-spend attack there because Ethereum produces blocks in deterministic 12-second slots, processes most transactions in less than a minute, and already relies heavily on private mempools.
Instead, the main quantum threat lies in at-rest attacks against long-lived accounts and the systems attached to them.
The paper estimates that a fast-clock attacker could crack the 1,000 highest-net-worth Ethereum accounts, holding about 20.5 million ETH, in less than nine days. At Tuesday’s ETH price of about $2,023.46, that comes to roughly $41.5 billion.

Among the top 500 contract accounts by ETH balance, it says at least 70 accounts holding about 2.5 million ETH are exposed through administrative keys, a bucket worth about $5.1 billion at current prices, with a private-key derivation attack on those accounts taking less than 15 hours on a fast-clock machine.
Meanwhile, the larger institutional story sits behind those balances. The paper links that admin vulnerability to about $200 billion in stablecoins and tokenized real-world assets on Ethereum and says those keys can function as control points for issuers, bridges, oracle operators, and emergency guardians.
The paper warned that a successful quantum attack on such accounts could allow arbitrary minting, false price feeds, frozen user funds, or drained liquidity pools, depending on the system. The paper says this is why standard asset-balance models understate the true value-at-risk.
It then widens the lens further. In its Ethereum risk taxonomy, the paper flags about 15 million ETH in Layer 2 and protocol value exposed through code and data-availability vulnerabilities, equal to roughly $30.4 billion at current prices, and about 37 million ETH in consensus stake exposed through BLS-signature-related risk, or about $74.9 billion.
Those figures overlap with other components of Ethereum’s architecture, but together they show why the paper treats Ethereum as a broader infrastructure problem rather than a wallet-security story.
Against this backdrop, the industry is left to ask whether blockchains, wallets, exchanges, and tokenized-asset issuers can migrate before the economics of attack shift.
Charles Guillemet, the Chief Technology Officer (CTO) at Ledger, said:
“The good news is that we already have the tools: Post Quantum Cryptography, now we need to migrate.”
However, the Google paper says the process will take years, and the industry cannot wait for perfect clarity on the exact arrival date of cryptographically relevant quantum computers.
According to the firm, it will require both protocol work and changes in wallet behavior, including reducing public-key exposure and ending key reuse wherever possible.
Essentially, vulnerable cryptocurrency communities should move to post-quantum cryptography without delay.
For Bitcoin, that means a race against a settlement window that no longer looks comfortably wide. For Ethereum, it means protecting not just coins but the much larger stack of contracts and tokenized claims now resting on the same vulnerable math.
The post Google slashes quantum cracking estimates by 20X creating $600 billion countdown for Bitcoin and Ethereum appeared first on CryptoSlate.
Global markets are currently experiencing a strong relief rally, driven by signals that tensions between the US and Iran could de-escalate.
Stocks surged across the board:
At the same time, crypto reacted positively:
👉 On the surface, this looks like the beginning of a sustained recovery.
But the reality is far more fragile.
The current move is not being driven by improving fundamentals.
Instead, markets are reacting to a single dominant expectation:
👉 The war might end soon.
This creates a classic “risk-on” environment:
However, this rally is built on expectation — not confirmation.
And that makes it extremely vulnerable.
While headlines focus on de-escalation, a major risk is quietly building:
👉 Iran has threatened to target major US companies operating in the Middle East.
This shifts the situation from geopolitical tension to:
👉 Economic and corporate disruption
If pursued, the consequences could extend far beyond the region.
The companies at risk represent:
If disruptions occur, markets could react immediately:
👉 This would likely trigger a broader market pullback.
The most important variable in this situation is energy.
If tensions escalate:
👉 This directly pressures the crypto market.
At the moment, crypto is behaving like a risk asset, not a safe haven.
If escalation headlines emerge:
This reflects crypto’s growing correlation with traditional markets.
If the situation intensifies:
👉 This could allow Bitcoin to stabilize and potentially recover after the initial drop.
This market is now highly sensitive to headlines.
Watch closely for:
👉 These events could rapidly reverse the current rally.
Right now, markets are pricing:
But if this scenario fails:
👉 The downside reaction could be fast and aggressive.
The crypto market is rising on optimism — but that optimism is not yet supported by reality.
👉 If corporate threats become real, the current rally could unwind within hours.
For investors, this is a critical moment:
The next move will not be driven by charts — but by headlines.
$BTC, $ETH
A recent research development from Google has sparked serious concerns across the crypto industry. The paper suggests that breaking modern cryptographic systems may require far fewer quantum resources than previously estimated.
This has reignited a long-standing debate: could quantum computing eventually break Bitcoin and other cryptocurrencies?
What’s been going around the market lately is pretty eye-catching:
It’s still being debated, so nothing is confirmed. But it does point to one thing: quantum computing seems to be moving faster than most expected.
To understand the risk, it’s important to look at how major cryptocurrencies like Bitcoin and Ethereum are secured.
Both rely on public-key cryptography, which could theoretically be broken by a sufficiently powerful quantum computer using algorithms like Shor’s algorithm.
However, there are important caveats:
👉 Bottom line: the threat is not immediate—but no longer theoretical either.
In response to growing concerns, developers within the Bitcoin community are actively working on solutions.
A new Bitcoin Improvement Proposal (BIP) is reportedly in development, aimed at making the network resistant to quantum attacks.
Key developments include:
This shows that the ecosystem is not ignoring the threat—but preparing for it.
If quantum computing reaches the required level, the impact could be massive:
Some estimates suggest the crypto industry has around 3–5 years to prepare before quantum computers become a real threat.
However, timelines in deep tech are notoriously unpredictable. Breakthroughs can happen suddenly—or take much longer than expected.
👉 This uncertainty is exactly why developers are acting early.
From a research and risk perspective:
Cardano ($ADA) has had a rough ride this year. Over the past 12 months, it’s dropped more than 60%, with 2026 alone already seeing a 26% decline. Many investors are asking themselves: is Cardano finished, or is it just undervalued?
The truth isn’t so clear-cut.
Sure, the price looks weak, but it’s not just Cardano—macro pressures are weighing on the entire crypto market. Rising geopolitical tensions, especially the ongoing conflict in Iran, are shaking risk assets across the board.
Still, crypto has shown it can hold up under stress. Often, during times like these, markets go into a “wait-and-see” mode rather than collapse outright, giving projects like Cardano room to recover.
Looking at the below daily chart, the trend is clearly bearish—but with signs of stabilization.

Support zones:
Resistance zones:
Right now, $Cardano is trading in a compression phase, often a precursor to a big move.
The current geopolitical situation is playing a major role.
If market conditions improve—or if the war de-escalates—Cardano could recover faster than many expect.
Some models suggest:
👉 Bottom line: Cardano is not dead—but it needs a macro tailwind + market cycle shift.
If the Iran war escalates or macro conditions worsen, ADA could still drop further.
Weak demand and declining trading activity are already visible in the market.
From an analytical standpoint:
The crypto market is going through a major phase of institutional accumulation right now. A good example: by the end of March 2026, Bitmine Immersion Technologies has staked a huge 3.31 million ETH.
That’s worth roughly $6.7 billion—and it’s not a small bet. Moves like this go beyond simple treasury management. It’s a strong signal that big players still see Ethereum as undervalued, especially when you look at how much the network is actually used and the fact that it can generate yield on top.
Bitmine has transitioned from a traditional mining firm into a sophisticated "Digital Asset Treasury" powerhouse. The firm’s long-term strategy, often discussed in institutional circles as the "Alchemy of 5%," aims to eventually control 5% of the total Ethereum supply.
By staking 3.31 million ETH, Bitmine has become one of the largest individual entities securing the network. This strategy treats $ETH not just as a speculative asset, but as a productive capital asset. By moving these tokens into staking protocols, Bitmine is effectively creating a "corporate bond" equivalent for the blockchain era, generating consistent yield while betting on the long-term appreciation of the underlying asset.
Staking helps keep Ethereum secure without using a lot of energy. By locking up your tokens, you're acting as a digital "guard" for the network. It’s a win-win: the blockchain gets the validation it needs to stay decentralized, and you earn rewards like new ETH and fee tips for your participation.
Despite the multi-billion dollar valuation of Bitmine’s holdings, many analysts argue that the current $Ethereum price is still far below its fair market value. The argument for ETH being undervalued hinges on several fundamental pillars:
| Factor | Institutional Outlook |
|---|---|
| Deflationary Pressure | EIP-1559 continues to burn fees, reducing total supply. |
| Staking Ratio | As more ETH is staked, the liquid supply hits record lows. |
| Institutional Access | The maturity of Ethereum ETFs has opened the floodgates for traditional capital. |
| Utility Dominance | Ethereum remains the primary layer for DeFi, NFTs, and Layer 2 scaling. |
Market leaders point to historical "V-shaped" recoveries, noting that Ethereum has frequently outperformed $Bitcoin in the late stages of a bull cycle. With the bridge between Wall Street and on-chain yield now fully established, the current price levels are increasingly viewed as a high-conviction entry point for long-term holders.

If Bitmine and other institutional players continue to lock up massive quantities of ETH, the upward pressure could become unsustainable for bears. The "Triple Halving" effect—the combination of reduced issuance, fee burning, and massive staking—is creating a supply-demand imbalance that hasn't been fully priced in yet.
Global markets are starting to split in a noticeable way. The “Magnificent 7”—Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla—have lost around $5 trillion in market value from their peaks. The Nasdaq is under pressure as AI hype cools and geopolitical tensions rise, pushing investors to look for safer ground.
What’s surprising is that crypto has held up relatively well so far. While big tech valuations are getting squeezed, Bitcoin and Ethereum have stayed fairly stable. Still, the strong link between tech stocks and crypto hasn’t gone away—so it’s probably a matter of when, not if, crypto reacts.
The sell-off in Big Tech has been nothing short of historic. Since hitting a combined valuation peak of roughly $20 trillion in late 2025, the leading seven stocks have entered a significant correction phase.
| Company | Market Cap Impact (Est.) | Primary Driver |
|---|---|---|
| Nvidia | -$700 Billion | AI ROI Skepticism |
| Microsoft | -$1 Trillion | Azure Growth Deceleration |
| Tesla | -11.2% YTD | EV Demand Softening |
| Amazon | -$400 Billion | Logistics Capex Pressure |
According to recent reports from Bloomberg, this $5 trillion wipeout is fueled by a "market rotation" away from overextended AI valuations and into cyclical sectors like energy and infrastructure. The outbreak of conflict in the Middle East has further pressured these giants, as rising oil prices threaten to keep interest rates "higher for longer."
Despite the sell-off on Wall Street, Bitcoin is holding up relatively well. As of March 30, 2026, it’s trading in the $66,400–$67,500 range. Ethereum (ETH) is hovering around $2,050, showing a slight bounce from its recent lows.
This stability is largely due to:
While crypto looks like a "hero" today, historical data serves as a stern warning. The 30-day correlation between Bitcoin and the Nasdaq 100 has recently hovered near 0.80, its highest level in years.
Historically, when a massive deleveraging event occurs in tech, crypto follows with a delay. As institutional investors face losses in their equity portfolios, they often liquidate "liquid" assets like Bitcoin to cover margin calls or rebalance risk. If the Magnificent 7 continue their slide toward a formal bear market (a 20% drop), we could see a "liquidity flush" in crypto that sends BTC toward the $58,000 support zone.

The current stability in crypto is a testament to its maturing market structure, but it would be premature to declare a total "decoupling" from tech. Traders should keep a close eye on $65,800 for Bitcoin; a break below this level would likely signal that the $5 trillion tech wipeout is finally spilling over into the digital asset space.
P2P.me was established to push boundaries, but the startup admitted that wagering on itself via Polymarket may have been a bridge too far.
Support for Magic Eden's crypto wallet is ending soon, meaning users will have to export their private keys to avoid losing access to funds.
Governor Gavin Newsom orders stronger safeguards for AI companies seeking California contracts, escalating tensions with the Trump administration over national AI regulation.
Latin America's e-commerce giant Mercado Libre quietly killed its Mercado Coin loyalty token—pivoting to its own stablecoin.
A critical vulnerability in Zcash node software could have allowed attackers to drain millions of dollars of ZEC from a deprecated shielded pool.
Ripple's highly regulated RLUSD stablecoin recently experienced its largest single-day supply contraction in history.
Arizona lawmakers are nearing a final floor vote on a legislative package that would establish a state-level strategic cryptocurrency reserve.
Solana's downtrend against Ethereum deepens, but indicators suggest that a reversal might not be far away.
Ripple enters another major partnership with Convera as it continues to push for crypto cross-border payments among enterprises across the globe.
Franklin Templeton Director Tony Pecore forecasts a "very positive year" for Bitcoin in 2026, with a new all-time high possible if only regulators or policy do not trigger headwinds.
Worldpay, together with Global Payments, has launched the Payments DVN on LayerZero, targeting enterprise cross-chain payment security.
The new decentralized verifier network covers nine blockchains, including Ethereum, Base, and Solana. With over $3.7 trillion in annual transaction volume, Worldpay brings established financial credibility to blockchain verification.
This launch addresses a growing need for accountable, enterprise-grade infrastructure as global finance moves onto blockchain rails.
The Payments DVN is a decentralized verifier network built on the LayerZero protocol. It allows applications to have cross-chain messages verified before execution takes place. Worldpay and Global Payments operate as the independent verifier within this network structure.
The DVN is purpose-built for payment operations moving across multiple blockchains. Teams working with stablecoins, tokenized assets, and other on-chain payment flows can now opt into Worldpay-secured verification. This gives enterprise builders a recognizable and trusted name behind their cross-chain security layer.
LayerZero CEO Bryan Pellegrino addressed the accountability question that enterprises often raise before building across chains.
“The question every enterprise asks before building on multiple blockchains is: who is accountable when something goes wrong? Worldpay, together with Global Payments processes $3.7 trillion a year – a number that seems more than accountable enough to me,” Pellegrino said.
He added that teams building payment flows across chains can now point to a name that global finance already trusts.
Ahmed Zifzaf, Head of Crypto Partnerships at Worldpay/Global Payments, confirmed the company’s intent to support its global merchant base.
“As Payments DVN operator, we’re proud to be able to enable enterprise-grade, on-chain verification and messaging for our global merchant base whether they’re leveraging stablecoins, tokenized assets, or other on-chain payment flows across multiple blockchains,” Zifzaf stated.
He noted that partners can now operate with confidence, knowing their cross-chain payment operations are safeguarded by Worldpay’s industry-leading standards.
The Payments DVN currently supports nine blockchains, starting with Ethereum, Base, and Solana. Teams building payment workflows across these chains can configure their smart contracts to route through Worldpay’s verification. This setup applies to stablecoin settlement, payouts, and treasury operations alike.
Worldpay and Global Payments together serve over six million merchants globally. They process 94 billion transactions per year across traditional payment rails. That operational scale now extends, in part, to blockchain-based payment infrastructure.
The launch comes as more fintech organizations and enterprises move onto crypto rails. Stablecoin adoption and tokenized asset issuance are both accelerating among institutional players. The need for verifiable, accountable cross-chain infrastructure has grown alongside that adoption.
The Payments DVN positions Worldpay and Global Payments as active participants in blockchain payment security.
Any LayerZero application can now configure Worldpay as a verifier for their cross-chain messages. This move reflects a broader shift as traditional payments firms take direct roles in on-chain infrastructure.
The post Worldpay and Global Payments Launch Payments DVN on LayerZero for Cross-Chain Security appeared first on Blockonomi.
The CLARITY Act is heading to Senate Banking Committee markup in mid April, sending the first major US crypto regulatory framework to the full Senate and signaling to institutional allocators that the rules of the game are being finalized.
That next pepe coin context proves regulatory clarity is arriving faster than the market expected, and every entry with confirmed listings on regulated exchanges benefits from the permanent framework. The presale filling faster each stage proves the conviction is real.
Pepeto targets 100x from one listing while large caps target 2x over months, and the pace of capital flowing in during fear is the clearest confirmation the reader can see.
The CLARITY Act is heading to Senate Banking Committee markup in mid April, according to Phemex. If passed, it sends the first major US crypto framework to the full Senate. DL News reported that institutions overseeing $22 trillion are betting on crypto in 2026.
When the US Senate finalizes crypto rules, every next pepe coin entry with confirmed listings benefits because regulatory clarity is the catalyst institutions waited for, and the framework permanently expands the market.
Layer 2 networks have become popular because of what they bring to the original blockchain. Pepeto is a live exchange built on that principle, carrying verified contracts and a confirmed Binance listing at presale pricing that investors will never see on the open market.
Large caps target 2x over uncertain months. Presale entries target 100x from one confirmed listing. The pace of capital flowing into Pepeto during fear is the clearest confirmation. This presale was structured by the creator of the $11 billion Pepe phenomenon, and a Binance specialist assembled the exchange infrastructure. Every contract went through SolidProof’s full independent audit and passed without findings. Pepeto is the next pepe coin because the combination of proven cofounder, working exchange, and confirmed listing at this pricing does not exist anywhere else in the market.

The contract grading system scans any token and flags hidden dangers before capital commits. PepetoSwap matches trades across six blockchains without order book delays. Both products handle real volume on a live exchange today, processing trades while the CLARITY Act builds the regulatory framework underneath. SolidProof cleared every contract, and 420 trillion tokens match the supply that powered Pepe from nothing to $11 billion.
More than $8 million entered at $0.000000186 during fear while the Senate prepared to finalize crypto rules. Holders earn 190% annual yield through the staking program for positions built before the listing. Analysts project 100x or greater once the confirmed Binance listing opens. The presale filling faster each stage proves the wallets inside already calculated the outcome. Entering now means joining what the capital confirmed before the CLARITY Act brings the institutional wave that pays the most to the earliest positions.
SUI traded at $0.87 on March 31, according to CoinGecko. Down 80% from cycle high. A 42.94 million token unlock arrives in April.
Recovery to $3.00 delivers 240%. SUI adds speed, but the strongest returns come from presale entries with confirmed listings.
AVAX traded at $8.86 on March 31, according to CoinMarketCap. Down 90% from peak. SEC commodity classification helps. 
Recovery to $50 delivers 250%. AVAX diversifies, but presale entries with confirmed Binance dates deliver from one event.
The CLARITY Act heading to Senate markup proves regulatory clarity is arriving, and every confirmed listing benefits from the permanent framework it creates. Large caps target 2x. Pepeto targets 100x from one listing.
The presale fills faster each stage because the wallets inside calculated the outcome. Entering at the Pepeto official website means joining what the capital confirmed before the CLARITY Act brings the institutional wave, and the next pepe coin listing is the event that delivers the return large cap holders waiting for 2x over months will never get from their entry.
Visit Pepeto for the strongest next pepe coin entry before listing.
Click To Visit Pepeto Website To Enter The Presale

Why does the CLARITY Act April markup matter for the next pepe coin?
It proves regulatory clarity is arriving. Pepeto benefits as the next pepe coin with a confirmed listing under the strongest framework.
Is SUI a strong next pepe coin alternative at $0.87?
SUI targets 240% recovery. Pepeto targets 100x from one listing at the Pepeto official website.
What makes Pepeto the next pepe coin to watch?
Proven cofounder, SolidProof audit, live exchange, confirmed listing. The presale fills faster each stage. Capital already confirmed.
The post Next Pepe Coin as CLARITY Act Heads to Senate and Pepeto Fills Over SUI and AVAX appeared first on Blockonomi.
Meme coin holders have been coping for a while now. DOGE is sitting 87% below its all-time high, PENGU has shed over 90% from its peak, and the “just hold” crowd is running low on patience. Meanwhile, a next-generation trading platform called BlockchainFX has been quietly stacking up real numbers during its active crypto presale, and the kind of early-entry opportunity that meme coins offered years ago is sitting right here, right now, in plain sight.
BlockchainFX is not another empty promise wrapped in a token. It’s an already-live super app, awarded “Best New Crypto Trading App of 2025,” letting users trade crypto, stocks, forex, and ETFs on one decentralized platform. Over $14M has been raised with 22,600+ participants already in. The $15M launch target is basically within arm’s reach, and when it gets there, the presale closes for good.
BFX is currently priced at just $0.035 in presale, with a confirmed launch price of $0.05 and post-launch analyst predictions pointing toward $1. Over $14M raised, 22,600+ participants onboard, and a softcap of $15M standing between now and the official exchange listing. Once that target is crossed, presale pricing disappears permanently. The countdown isn’t a marketing line, it’s a literal mechanism baked into the roadmap.
What makes this crypto presale genuinely different is that the product already exists. BlockchainFX is live in beta, with thousands of daily active users and millions in daily trading volume. It bridges DeFi with traditional financial markets in a way that platforms like Binance and Coinbase simply don’t offer, since users maintain complete self-custody while accessing stocks, forex, ETFs, and crypto all from one decentralized interface. That’s a real gap being filled by a real product.

To celebrate being this close to launch, BlockchainFX has released a limited-time bonus code LAUNCH50, giving buyers 50% extra BFX tokens during this final presale phase. Run the numbers on a $3,000 entry at $0.035 and that’s roughly 85,714 BFX tokens, which jumps to around 128,571 tokens after LAUNCH50 is applied. If BFX reaches $1 post-launch as analysts suggest, that single position becomes over $128,000 in value. Some forecasts go even further, with $8 to $10 post-launch targets being discussed in serious circles.
The $15M softcap is the launch trigger, and it’s close enough to feel real. Every hour spent thinking about it is an hour the price could move up. The presale is in its final stretch and LAUNCH50 is a limited window, not a permanent offer.
Spend $100 or more in BFX and also qualify for a share of the $500,000 Gleam giveaway.
Dogecoin reached its all-time high of $0.7316 five years ago and has not come close to revisiting it, currently sitting over 87% below that peak. It runs on proof-of-work consensus, carries an uncapped supply designed to keep fees low, and has cultivated one of the most passionate communities in the entire crypto space. None of that is up for debate. However, DOGE’s price movements have historically been driven by social waves rather than technical developments, which makes timing an entry extremely unpredictable.
For anyone scanning the market in April 2026 looking for structured upside, the DOGE opportunity that existed years ago simply isn’t replicable today. A 5x from here would still leave it short of its previous high, and that kind of recovery would require coordinated viral momentum that doesn’t follow a schedule.
Pudgy Penguins became a genuine cultural phenomenon, generating over 100 billion views and landing in mainstream ETF commercials, which is no small achievement for any crypto project. PENGU launched to bring that massive audience into the ecosystem officially, and the community has remained one of the most engaged in the space. Still, sitting over 90% below its ATH of $0.06845 from roughly a year ago, the math for new investors is quite steep.
Recovering from a 90% drop requires roughly a 900% move just to break even from the top. The brand is real, the fans are loyal, but a structured crypto presale with a defined launch event, live product, and a clear pricing ladder offers a far more transparent risk-reward setup for investors entering fresh in 2026.

Based on the latest research, the best crypto presale opportunity in the market today is BlockchainFX, and that’s not a difficult case to make.
A regulated, live platform with $14M+ raised, a 50% token bonus through LAUNCH50 still active, and a launch trigger sitting just $1M away from being pulled. DOGE and PENGU had their moments, but those entry windows are long gone.
The BFX window is still open, but this final phase won’t last much longer. Visiting the BlockchainFX website before the next price increase is genuinely the move right now.
Website: https://blockchainfx.com/
X: https://x.com/BlockchainFX.com
Telegram Chat: https://t.me/blockchainfx_chat
The post BlockchainFX’s Crypto Presale Aims to Deliver 100x Growth, Outpacing Meme Coins Like DOGE and PENGU appeared first on Blockonomi.
The U.S. Department of Labor has proposed a rule that removes prior federal barriers to crypto in 401(k) plans. The agency reversed its 2022 guidance that urged fiduciaries to exercise “extreme care” with digital assets. Officials stated that the earlier language lacked grounding in ERISA and imposed litigation pressure on plan sponsors.
The department withdrew its 2022 warning and replaced it with a neutral position on digital assets. In 2022, the agency told fiduciaries to exercise “extreme care” before offering cryptocurrency options. Now, the department stated that the phrase was “not found in ERISA,” and it removed that language entirely.
Officials said the prior stance had no clear statutory basis under federal retirement law. As a result, fiduciaries can now consider crypto-linked funds without facing automatic legal exposure. The proposal states that plan administrators cannot be sued solely for including a crypto option.
However, the rule does not endorse digital assets as preferred investments. Instead, the agency said it aims to restore a neutral standard under ERISA. The department emphasized that fiduciaries must still act in participants’ best interests.
The proposal creates a six-factor safe harbor for crypto-related investments. Fiduciaries must assess risk-adjusted performance and fee reasonableness before inclusion. They must also review liquidity, valuation methods, benchmarking standards, and their own understanding of the product.
If administrators document these six factors, the rule provides a presumption of prudence. The agency stated that clear documentation will remain essential. Therefore, fiduciaries must maintain detailed records for compliance reviews.
The proposal also addresses valuation standards for alternative assets. Private equity often relies on periodic appraisals that can lag market conditions. In contrast, cryptocurrency trades continuously on public exchanges with observable prices.
The department recognized observable market pricing as a valid valuation method. This acknowledgment places digital assets within the same evaluative framework as other market-traded investments. Consequently, fiduciaries may rely on transparent pricing data when conducting reviews.
On March 30, Senators Cynthia Lummis and Bill Cassidy introduced the “Mined in America Act.” The bill seeks to formalize a Strategic Bitcoin Reserve in federal law. It also aims to strengthen domestic production of Bitcoin mining hardware.
Lummis has long supported cryptocurrency policy initiatives in Congress. She stated that reliance on foreign mining equipment creates national security concerns. The bill describes dependence on Chinese-linked supply chains as a “dangerous dependency.”
The legislation proposes incentives for U.S.-based mining hardware manufacturers. It links industrial policy goals with the federal digital asset strategy. The sponsors argue that domestic production will reduce reliance on overseas suppliers.
The bill also supports the concept of a federally recognized Bitcoin reserve. Lawmakers said the executive branch has already moved toward that objective. The legislation would codify those steps through statutory authority.
The post Labor Department Moves to End Crypto Ban in 401(k) Plans appeared first on Blockonomi.
Snap stock climbs 14% following activist investor’s 2.5% stake disclosure
Irenic Capital projects potential $26 share price through strategic reforms
Year-to-date losses persist at 44% despite Tuesday’s strong gains
Proposed changes include workforce reductions and potential Specs division exit
Advertising dependency and platform competition remain key headwinds
Snap Inc. (SNAP) experienced a significant rally on Tuesday, with shares climbing to $4.5850 after activist investment firm Irenic Capital Management revealed its position in the company. The 14.05% intraday surge came as the investor outlined an ambitious transformation roadmap centered on artificial intelligence capabilities and operational efficiency.
Snap Inc., SNAP
Snap experienced substantial upward movement following confirmation that Irenic Capital Management had accumulated an economic stake representing approximately 2.5% of the company’s Class A common stock. The announcement immediately energized traders and drove notable volume increases.
Irenic’s presentation detailed a comprehensive transformation framework designed to enhance shareholder value and streamline operations. The investment firm believes shares could reach approximately $26.37 if management implements the recommended strategic initiatives. This valuation scenario would place the company’s total worth near $35 billion. Trading activity intensified throughout the afternoon session, with the stock maintaining elevated levels. However, shares remain significantly underwater for the calendar year, down roughly 44% despite Tuesday’s impressive performance.
The activist’s roadmap encompasses multiple operational initiatives aimed at reducing expenses and sharpening strategic focus. Key recommendations include headcount optimization and revisions to employee compensation frameworks. The plan also calls for enhanced fiscal discipline across all operational divisions.
A particularly notable proposal involves reevaluating the company’s commitment to its augmented reality hardware business. Irenic advocates for either divesting or discontinuing the Specs product line, citing substantial capital consumption without corresponding revenue generation. The hardware division has absorbed considerable investment without achieving commercial traction.
Central to the transformation blueprint is an accelerated embrace of artificial intelligence technologies. Irenic emphasizes deploying advanced AI capabilities to enhance advertising effectiveness and unlock new revenue opportunities. While Snap has established a collaboration with Perplexity AI, the activist believes significantly broader AI integration is essential.
Snap leadership has acknowledged investor feedback and reaffirmed its commitment to strengthening financial metrics. The organization continues prioritizing free cash flow expansion and limiting equity dilution. Management also highlighted its existing authorization to repurchase up to $500 million in common stock.
Despite these efforts, the platform remains substantially reliant on digital advertising income. Intensifying competition from dominant social media ecosystems continues eroding market position and advertising rate advantages. These fundamental industry dynamics create persistent obstacles to sustainable growth acceleration.
The company has pursued revenue diversification through innovative product launches and augmented reality experiences. However, these initiatives have not meaningfully transformed the overall revenue profile. The activist intervention underscores investor frustration with the pace of strategic evolution.
Tuesday’s stock appreciation demonstrates market receptiveness to potential operational transformation. Nevertheless, current trading levels remain dramatically below peak valuations from 2022, illustrating the magnitude of turnaround required. Whether management embraces and successfully implements these proposals will determine the company’s competitive positioning going forward.
The post Snap (SNAP) Stock Surges 14% on Activist Investor’s AI and Efficiency Blueprint appeared first on Blockonomi.
Data shared by on-chain analyst Crypto Dan shows that Bitcoin (BTC) long-term holders are selling at a loss.
According to him, it means that the market may be approaching a phase where selling pressure gets exhausted, which could signal that a major cycle low is about to be reached.
Crypto Dan wrote in a market update on March 31 that a widely followed metric, the Long-Term Holder Spent Output Profit Ratio (LTH-SOPR), which measures whether Bitcoin sold by those who’ve held the asset for longer than 155 days is being moved at a profit or loss, has fallen below 1.0. A reading above 1.0 usually means that holders are realizing gains, while a number below 1.0 signals a loss.
The analyst also pointed out that when LTH-SOPR drops below 1.0, it usually carries more weight than short-term holders selling. This is because long-term holders are considered the least reactive to temporary price swings. Therefore, their decision to sell at a loss typically implies that fear has become widespread.
According to the market watcher, when long-term holders start suffering losses, it means their short-term counterparts have already exited or absorbed heavy damage, and at that point, most market participants are operating in the red.
In the past, such conditions produced what Crypto Dan called “the final stage of fear” before selling pressure slowly burns itself out, leading to market bottoms or at least zones close to long-term lows. While he stopped short of calling the current moment the absolute bottom, he characterized it as the type of environment where opportunity tends to follow fear.
There has also been a notable shift happening among large players that’s been observed by analyst Darkfost. As per their assessment, whale selling on Binance has cooled off quite significantly after a period of heavy distribution.
When BTC approached $60,000 earlier in the year, whales became very active on the exchange, with their deposits hitting a high on February 4, when they sent more than 11,000 BTC to Binance in just one day. This pushed the 30-day moving average of daily Bitcoin inflows from 1,000 BTC to nearly 4,000 BTC by the end of that month.
However, that average has since dropped back to 1,600 BTC per day, a situation Darkfost explained as large players adopting a “wait-and-see” approach instead of going on with their offloading.
The capitulation data is not isolated to on-chain data, with chartist Ali Martinez yesterday identifying a recurring technical signal tied to Bitcoin’s 50-day and 200-day SMA crossover on the 3-day chart. He said that such patterns appeared near cycle bottoms in 2014, 2018, and 2022.
In this cycle, the crossover occurred on February 27, and based on drops of between 40% and 50% that came right before the three bottoms he spoke about, Martinez thinks there could be potential accumulation zones around $40,000, with a deeper washout scenario even pushing BTC near $30,000.
Meanwhile, using legacy valuation models, including the CVDD Floor, which is currently close to the $45,500 level, fellow analyst Willy Woo estimated the bottom could be between $46,000 and $54,000. On their part, Doctor Profit put the likely floor range between $35,000 and $45,000 to continue the theme. However, the trader also noted that it was possible for BTC to ride a short-term upside toward the $79,000 to $84,000 region before the final dip.
The post BTC Long-Term Holders Selling at a Loss: Final Capitulation Phase May Be Here appeared first on CryptoPotato.
The world’s largest cryptocurrency exchange added a fresh batch of trading pairs to one of its specialized sections, giving users more opportunities.
At the same time, it revealed that certain pairs will be removed from the platform.
Binance listed APT/U, ENA/U, FET/U, NIGHT/U, TRUMP/U, WLD/U, and TRUMP/USD1 to ist Cross Margin program. The effort is once again centered on United Stables (U) – a stablecoin launched in late 2025 and pegged to the American dollar.
The company has been consistently expanding its backing for the asset, adding the trading pairs XRP/U, SUI/U, ASTER/U, and PAXG/U on Binance Spot in February. A month later, it opened trading for AVAX/U, LINK/U, LTC/U, PAXG/U, and ZEC/U.
Support from Binance may result in a substantial price swing for the involved cryptocurrencies; however, this usually occurs after initial listings, not from introducing additional pairs. In fact, most tokens featured in the latest effort are in the red today (March 31), coinciding with the crypto market’s overall unsatisfactory condition.
Besides adding trading pairs, Binance has a habit of scrapping those that no longer meet the necessary criteria. Based on its most recent review, it decided to remove ALT/BNB, ARB/TUSD, BNB/ARS, GALA/ETH, INJ/BNB, SOLV/FDUSD, and XRP/TUSD. They will become unavailable from April 2, with the company warning:
“Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs at 2026-04-02 03:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.”
As mentioned above, cryptocurrencies initially added to Binance tend to perform quite well in the hours after the disclosure. The pattern is largely driven by the sudden jump in liquidity, the broader market access, and the enhanced reputation that comes with being listed on one of the industry’s behemoths.
The latest example of that theory is Centrifuge (CFG), whose price exploded by 63% in mid-March after Binance introduced trading services with the coin.
The exact opposite thing typically occurs when the company terminates all operations with a certain token. Two weeks ago, it delisted the altcoins Arena-Z (A2Z), Ampleforth Governance Token (FORTH), Hooked Protocol (HOOK), Loopring (LRC), IDEX (IDEX), Neutron (NTRN), Solar (SXP), and Radiant Capital (RDNT). Some of those plummeted by double digits following the announcement.
The post 2 Important Binance Updates Affecting Numerous Altcoin Traders: Details Inside appeared first on CryptoPotato.
Bitcoin remains firmly in the middle of its almost two-month-long sideways channel following weekend declines, during which it dumped below $66,000 briefly.
“Momentum remains tentative, with lower highs still defining the short-term structure,” commented on-chain analytics provider Coinglass on Monday.
The analysts noted that the market appears to be transitioning from “active distribution towards a more neutral footing,” however, there is still “limited conviction” at current levels.
“While conditions remain fragile, easing sell-side pressure and stabilising flows suggest the groundwork for a potential recovery is forming, though stronger demand is still required to confirm a sustained shift.”
$BTC broke back below $70k before finding support near $65k, with a modest rebound back towards $67k into the weekend. Momentum remains tentative, with lower highs still defining the short-term structure.
Read more in this week’s Market Pulse
https://t.co/2YkGjsdzkQ pic.twitter.com/7uLOYEYriD
— glassnode (@glassnode) March 30, 2026
CryptoQuant said on Monday that Bitcoin had dipped back into the accumulation zone.
“Whales are increasingly active on the Binance platform, depositing large Bitcoin batches that will potentially be sold,” noted analysts.
BTC has declined around 4% over the past week, dipping below $66,000 on Saturday and again on Monday. It had recovered marginally to reach $68,000 during early Asian trading on Tuesday morning but appears to have found resistance there.
“The market is slowly compressing around this $60K to $80K region,” observed analyst ‘Daan Crypto Trades’ on Tuesday.
Meanwhile, analyst ‘Sykodelic’ remained bullish as usual, stating that Bitcoin is currently trading in the “largest pocket of supply it has ever had,” over five years, just underneath the high-time-frame bullish structure.
Back in 2022, this was totally different, he said before adding:
“We have been seeing signs of large accumulation across the board, with a lot more strength. It’s going to be over much faster than most people are expecting.”
Crypto markets have ticked up a little over the past few hours, but nothing substantial. According to the latest Wall Street Journal article, President Trump is willing to end the Iran War even if the Strait of Hormuz remains closed.
Ethereum prices made a minor move, up from around $2,000 to $2,080, before hitting resistance as the asset remains weak. Meanwhile, the altcoins remained mostly flat, with low volumes and further losses for XRP, Hyperliquid, and Canton.
The post Groundwork For Potential Bitcoin Recovery Is Forming, Say Analysts appeared first on CryptoPotato.
Financial markets faced more volatility in the past hour or so, including bitcoin, which just jumped to a five-day peak of $68,500 before it was stopped and driven south by a grand.
The most likely reason for these enhanced fluctuations was the emerging reports that Iran’s President Pezeshkian said his country is ready to end the war with the US if it receives certain guarantees.
However, the details about the nature of these guarantees are quite scarce, with analysts expecting more information in the following hours.
BREAKING: Iran’s President Pezeshkian says Iran is ready to end the war with the US but wants guarantees.
US stocks are surging on the news. pic.twitter.com/O1cePDFw6Q
— The Kobeissi Letter (@KobeissiLetter) March 31, 2026
Aside from BTC, which rose by a few grand before it was rejected, the S&P 500 went on a wild run, surging from 6,320 to 6,520 in minutes. In contrast, oil prices dumped by 5% in minutes.
USOIL dropped from $105 per barrel to under $100 before it recovered some ground to $102 as of now. These are multi-trillion-dollar moves in the matter of hours, which included another one from earlier today – a drop from $107 to $101 and a subsequent rebound to $105.

The post Bitcoin and S&P 500 Surged, Oil Plunged as Iran Says It’s Ready to End the War appeared first on CryptoPotato.
Cardano’s native cryptocurrency has plunged by 13% over the past month, coinciding with the bear market reigning across the entire crypto sector.
However, the recent whale behavior suggests that a rebound could be on the way.
ADA currently trades at around $0.24 (per CoinGecko), while its market capitalization has fallen below $9 billion. Thus, the asset (once part of the elite top 10 club) is now the 15th-largest cryptocurrency.
Nonetheless, the large investors appear to view the price levels as a great buying opportunity. The popular analyst Ali Martinez revealed that they have accumulated 220 million tokens over the last week alone. This stash amounts to roughly $53 million (at current rates), while whales now hold almost 13.84 billion units, or 37% of the asset’s circulating supply.
The buying spree from these market participants may encourage smaller players to hop on the bandwagon and distribute fresh capital. After all, whales are known as experienced investors who may have inside information about upcoming news or developments that could impact the price of the cryptocurrency.
Earlier this month, Martinez touched upon ADA again, setting $0.245 as a “key support level.” Prior to that, the asset’s valuation hovered around $0.25, and the analyst reminded that on previous occasions this had led to explosions of 85% and 200%. X user ALTS GEMS Alets is also optimistic. They believe the bottom is in, envisioning a potential pump above $0.60 in the following months.
ADA’s Relative Strength Index (RSI) supports the bullish outlook. The ratio of the technical analysis tool has dropped below 30 on a weekly scale, suggesting the asset is oversold and ready for a possible revival. On the other hand, readings above 70 are considered bearish territory.

The list of factors hinting at a short-term price recovery also includes ADA’s recent exchange netflow. Over the past several days, outflows have exceeded inflows, signaling that investors have been abandoning centralized platforms and shifting toward self-custody. This, in turn, reduces the immediate selling pressure.

Despite the aforementioned optimism among analysts and the bullish elements, some market observers remain skeptical and even hostile toward the cryptocurrency.
The X user with moniker gnarleyquinn, for instance, argued that Cardano’s chain is “going to zero” in the next few years, noting the evident decline in ADA’s dominance. Recall that the figure stood at around 4.5% in 2021, whereas currently it is a mere 0.3%.
The post 220,000,000 ADA in 1 Week: Do Cardano Whales Know Something We Don’t? appeared first on CryptoPotato.