Iran's reparations demand and Hezbollah's actions deepen diplomatic deadlock, reducing ceasefire prospects and impacting market confidence.

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The attacks on energy infrastructures exacerbate regional instability, reducing ceasefire prospects and increasing economic disruption risks.

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China's mediation could pivot the crisis towards diplomacy, potentially reducing military tensions and influencing global geopolitical dynamics.

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The attack exacerbates tensions, reducing ceasefire prospects and increasing the likelihood of U.S. military escalation in the region.

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Rising Gulf tensions diminish ceasefire prospects, potentially prolonging regional instability and impacting global economic dynamics.

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Bitcoin Magazine

Interactive Brokers Adds Bitcoin Trading in European Economic Area

Interactive Brokers has launched crypto trading for eligible retail investors across the European Economic Area, extending its digital asset offering through Interactive Brokers Ireland Limited, an authorized crypto-asset service provider.

The rollout gives users access to 11 digital assets, including Bitcoin, alongside equities, options, futures, currencies, bonds, and mutual funds within a single account interface.

The offering is enabled through an integration with Zero Hash, which provides backend crypto and stablecoin infrastructure for institutional platforms. The partnership expands an existing relationship between the two firms and opens access to a market of roughly 450 million people across the EEA.

Clients can trade these assets across Interactive Brokers’ platform suite, including Trader Workstation, IBKR Desktop, Client Portal, IBKR Mobile, and IBKR GlobalTrader.

The company said the integration allows investors to manage digital assets and traditional securities in one place. The platform provides a unified portfolio view and shared infrastructure for execution, risk monitoring, and capital allocation.

“Our clients want the flexibility to diversify into crypto-assets while maintaining the tools, pricing, and trust they rely on,” said CEO Milan Galik. He added that combining asset classes within one platform supports more efficient management of liquidity and portfolio exposure.

Interactive Brokers set commission rates between 0.12% and 0.18% of trade value. The firm said the service avoids spreads, markups, and custody fees, while allowing limit orders for price control. Crypto markets on the platform operate on a continuous basis, reflecting the 24/7 structure of digital asset trading.

Growing bitcoin offerings in Europe 

The EEA expansion builds on existing crypto offerings in other regions. Interactive Brokers already provides digital asset trading in the United States through its domestic entity and in the United Kingdom through Interactive Brokers (U.K.) Limited. 

The latest rollout marks a continuation of the firm’s effort to integrate crypto within its global brokerage framework.

The move comes as European regulators implement new digital asset rules that formalize licensing requirements for crypto service providers. By operating through its Irish affiliate, Interactive Brokers aligns its offering with regional regulatory standards while expanding product access for retail clients.

The firm said the launch addresses demand from investors seeking exposure to crypto markets without relying on separate exchanges or wallets. By consolidating asset classes under one platform, Interactive Brokers positions its brokerage model as a bridge between traditional finance and digital assets.

This post Interactive Brokers Adds Bitcoin Trading in European Economic Area first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

U.S. Treasury Launches First GENIUS Act Rulemaking With 87-Page Proposal

The U.S. Department of the Treasury has formally begun implementing the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, releasing its first notice of proposed rulemaking (NPRM) and opening a 60-day public comment period.

The 87-page proposal outlines how the Treasury will determine whether state-level stablecoin regulatory regimes are “substantially similar” to the federal framework—a key threshold allowing smaller issuers to remain under state supervision.

Under the GENIUS Act, stablecoin issuers with less than $10 billion in outstanding supply can opt for state-level regulation, provided those regimes meet or exceed federal standards. The proposed rule establishes broad principles to guide that determination, while leaving states flexibility in areas like licensing, supervision, and enforcement.

According to the document, the Treasury draws a clear distinction between “uniform requirements” — such as reserve backing and anti-money laundering compliance — and “state-calibrated requirements,” where local regulators retain discretion, including capital and risk management standards.

Notably, the proposal anchors the federal benchmark largely to rules and interpretations issued by the Office of the Comptroller of the Currency, signaling its central role in overseeing nonbank stablecoin issuers that transition to federal supervision after crossing the $10 billion threshold.

The rule also clarifies that state frameworks may exceed federal requirements, so long as they do not conflict with federal law or undermine overall comparability.

U.S. crypto legislation progress

The NPRM marks Treasury’s first formal step in translating the GENIUS Act — enacted in July 2025 — into an operational regulatory regime for payment stablecoins, with final rules expected after the public comment period closes.

State regimes would also be barred from weakening core disclosure standards, with issuers required to publish reserve composition reports at least monthly — matching federal frequency requirements. 

Naming restrictions would similarly apply across both frameworks, preventing state-regulated issuers from using prohibited terms in stablecoin branding. 

The proposal underscores that federal law remains the baseline, noting that any future legislation passed by Congress governing stablecoin issuers would automatically apply to state-regulated firms unless explicitly stated otherwise. 

The 2025 passage of the GENIUS Act marked a turning point in U.S. crypto policy, establishing the first federal framework for stablecoins and requiring full reserve backing, AML compliance, and regular disclosures. 

The law is widely seen as legitimizing dollar-backed stablecoins while reinforcing U.S. monetary dominance.

Since then, attention has shifted to implementation and follow-on legislation. Treasury reports issued under the GENIUS Act are expanding oversight tools, including measures targeting illicit finance and crypto mixers. 

At the same time, disputes between banks and crypto firms, especially over whether stablecoins can offer yield, have slowed broader market structure efforts.

Meanwhile, Congress is advancing complementary bills like the Clarity Act to define SEC and CFTC jurisdiction, signaling a broader push toward a comprehensive regulatory framework for digital assets.

This post U.S. Treasury Launches First GENIUS Act Rulemaking With 87-Page Proposal first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Citadel-Backed EDX Markets Applies for US Trust Bank Charter to Expand Crypto Services

EDX Markets, a cryptocurrency exchange backed by Citadel Securities, has applied for a national trust bank charter with the Office of the Comptroller of the Currency, marking a step toward deeper integration between digital asset firms and the US banking system.

The application, made public on April 1 according to recent filings, would allow EDX Markets to offer custody, asset management and principal trading services while continuing to operate its existing order-matching platform. The firm said the charter would place key functions such as custody and settlement under a regulated banking structure.

EDX Markets framed the move as part of an effort to reshape crypto market structure along lines seen in traditional finance. 

In its filing, the company argued that combining brokerage, exchange and custody functions within a single entity creates conflicts of interest and introduces operational risk. 

A trust bank model, it said, would separate custody and settlement from trading activity, aligning digital asset infrastructure with established financial market practices.

Banks are coming to crypto

Chief executive Tony Acuña-Rohter said the firm expects large banks to play a central role in the next phase of digital asset adoption. He said obtaining a trust charter would position EDX Markets to serve institutional clients that require regulated custody and settlement systems.

The application arrives during a shift in federal policy toward digital assets. Under the current administration, regulators have shown greater openness to crypto firms seeking entry into the banking system. Several companies have pursued similar charters in recent months as part of a broader push to operate under federal supervision.

In December, regulators granted conditional approval for trust bank charters to firms including Circle Internet Group and Ripple. Those approvals signaled a willingness to bring digital asset firms into the regulatory perimeter that governs custody and asset management.

EDX Markets said its proposed structure would reduce systemic risk by separating functions that are often combined on crypto platforms. 

The company pointed to traditional equities and derivatives markets, where exchanges, brokers, custodians and market makers operate as distinct entities. That separation, it said, limits conflicts between trade execution and asset custody while strengthening safeguards for client funds.

Founded in 2022, EDX Markets was built to serve institutional investors and financial firms entering the digital asset sector. In addition to Citadel Securities, its backers include Virtu Financial, Fidelity Digital Assets and Hudson River Trading. 

The platform was designed to mirror the structure of traditional financial markets, with a focus on separating trading activity from custody and settlement.

If approved, the trust charter would allow EDX Markets to expand its custody and settlement capabilities under federal oversight. National trust banks are permitted to hold client assets, provide fiduciary services and manage portfolios, subject to supervision by the OCC.

This post Citadel-Backed EDX Markets Applies for US Trust Bank Charter to Expand Crypto Services first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Genius Group (GNS) Dumps All Bitcoin Holdings to Clear Debt, Plans Treasury Rebuild

Genius Group sold its entire Bitcoin reserves to repay $8.5 million in debt, the company said today. The firm entered a Bitcoin first strategy in late 2024 after the US election, allocating most reserves to Bitcoin and building a treasury position that reached 440 BTC by February 2025.

After a court order blocked fundraising and share issuance, the company sold portions of its holdings and reduced exposure. In February 2026, Genius Group held about 84 BTC after prior sales that included roughly 86 BTC in the month before.

The remaining Bitcoin was liquidated to remove $8.5 million in liabilities and support debt repayment, leaving the company without crypto reserves and selling at a loss.

Genius Group reported Q1 2026 operational revenue of $3.3 million, up 171 percent from the prior year, with gross profit at $2.0 million and net operating profit at $2.7 million.

Adjusted EBITDA reached $600,000 as the company shifted focus toward higher margin education programs and experiential learning.

Genius Group: Rebuilding a bitcoin treasury at the right time

The company said it will rebuild its Bitcoin treasury when market conditions support renewed accumulation.

“In addition to an ongoing focus on profitable operations, the Company has restructured its debt agreements, selling the remainder of its Bitcoin Treasury and repaying in full the Company’s $8.5 million in debt. The Company will recommence building its Bitcoin Treasury when it believes market conditions are more favourable,” the company wrote in a release. 

Chief executive Roger Hamilton said the group focus remains on three units: Genius School, Genius Academy, and Genius Resorts. The group said legal actions progressed during the quarter and management focus stayed on operations and growth initiatives.

Genius Group outlined a series of operational and strategic developments as it continues to reposition its business around education technology and experiential learning. The company said its Genius Academy division expanded AI-powered learning programs tailored for enterprises and government partners, aimed at workforce training and skills development. 

Genius School also launched in Bali integrated primary middle and secondary curriculum under Cambridge system with focus on future education model

At the same time, Genius Resorts contributed incremental revenue through experiential education offerings, including hosted learning events in Bali that blend curriculum with immersive, on-site instruction.

The firm also reported progress on its broader infrastructure ambitions in Southeast Asia, citing continued expansion of its “Genius City” initiative in Bali. The project is designed to scale both student and residential capacity, building out a combined education and living hub.

On the financial side, the company pointed to insider buying as a signal of confidence, with its CEO accumulating a total of 5.5 million shares since 2024. Revenue growth was driven by expansion across business lines, alongside a shift toward higher-margin segments that improved the company’s overall gross margin profile. 

Genius Group also reported a return to net profitability, supported by a reduced debt burden and the restructuring of financing agreements. Adjusted EBITDA turned positive, which the company said aligns with its operational targets for fiscal 2026.

This post Genius Group (GNS) Dumps All Bitcoin Holdings to Clear Debt, Plans Treasury Rebuild first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

HRF’s Bitcoin Development Fund Announces Support for 26 Projects Worldwide

The Human Rights Foundation (HRF) has announced 1.5 billion satoshis in new grants through its Bitcoin Development Fund (BDF), expanding support for projects focused on Bitcoin infrastructure, privacy, and education.

The funding round targets open-source developers, researchers, and educational initiatives working across Bitcoin’s ecosystem, with an emphasis on tools that strengthen financial privacy and censorship resistance. According to HRF, the grants are intended to advance Bitcoin-based technologies that can support dissidents and human rights defenders operating under authoritarian regimes.

The organization estimates its efforts ultimately serve billions of people living under restrictive political systems, where access to open financial networks and uncensorable payment rails can be limited or surveilled. Supported projects will span software development, Bitcoin research, and grassroots education programs across Asia, Africa, Latin America, and the Caribbean.

HRF said the initiative is designed to reinforce Bitcoin’s role as a tool for financial freedom, enabling journalists, nonprofit organizations, and activists to more securely communicate, organize, and receive support globally through Bitcoin.

HRF’s grantees for the first quarter of 2026 include:

Bitcoin Privacy

Bitcoin Core P2P Privacy Enhancements

Bitcoin Core P2P privacy enhancements are an important area of ongoing work. Bitcoin Core developer Naiyoma is developing improvements to make it harder to track nodes running across multiple networks. This work strengthens the privacy of Bitcoin’s most widely used software implementations. HRF’s grant will enable Naiyoma to work full-time on these enhancements, helping activists and everyday users run Bitcoin infrastructure more safely in environments where financial activity may be monitored.

JoinMarket-NG

Bitcoin’s public ledger makes transactions traceable. CoinJoin is a privacy technique that improves this by combining multiple users’ transactions. This makes it harder to link payments to specific individuals. JoinMarket-NG is a new implementation of this technique that uses a peer-to-peer liquidity market, where some users provide liquidity and earn fees, while others pay for increased privacy. This grant will support development and the external security audits needed to fully launch JoinMarket-NG as an open-source tool that improves financial privacy for those who need it most.

Bitcoin Payments

Banxaas

Many people in heavily-authoritarian West Africa lack simple ways to convert between local currency and Bitcoin without banks or custodial services. Banxaas is a local platform created by Bitcoin developer Nourou that allows people to instantly exchange between the CFA franc and bitcoin without requiring accounts. Removing the many barriers common to centralized exchanges offers a way for more people in West Africa to use Bitcoin. HRF’s grant will help finalize Banxass’s mobile app development and integrate more mobile money providers into the service to expand bitcoin payments across the region.

ChapSmart

Tanzanians sending and receiving money across borders face some of the highest remittance fees in the world, losing a significant portion of every transfer to banks and intermediaries. ChapSmart, a Bitcoin application built by software developer Brian Mosha, helps Tanzanians send remittances, pay bills, and access Bitcoin — instantly and affordably — by bridging the Lightning Network directly to M-Pesa. It connects Bitcoin to existing payment rails, making the app usable for everyday activities. HRF’s grant will support development, outreach, and education to help Tanzanians preserve their savings and transact more freely under the country’s increasingly authoritarian regime.

Minmo

Centralized digital asset exchanges require users to submit sensitive user data. This creates surveillance risks for human rights defenders transacting under dictatorships. Minmo offers an alternative. It connects users with trusted local agents who facilitate exchanges between fiat currencies and bitcoin without relying on centralized platforms. Embedding these services into apps and community networks allows people to access bitcoin through trusted intermediaries rather than data-collecting exchanges. HRF’s grant will support Minmo’s operational growth, infrastructure, and expand access to bitcoin for dissidents facing financial repression.

Tando

In Kenya, most merchants rely on M-PESA, a mobile money system for digital payments. To provide Kenyans with greater financial freedom and global payment options, African technologist Sabina Waithira Gitau co-founded Tando, a payment app that lets anyone pay merchants with bitcoin while merchants receive Kenyan shillings through an integration with M-PESA. This allows Kenyans to spend bitcoin from their own Lightning wallets as everyday money in Kenya. HRF’s funding will support Tando’s expansion into new countries in the region, enabling more people to transact with the global mobile money that is bitcoin.

Tapnob

Across much of Africa, using bitcoin for everyday payments often requires high fees or complicated withdrawal processes. Tapnob addresses this by allowing users to buy bitcoin through local bank transfers and convert only the amount needed into local currency. This lets people cover daily expenses or send cross-border support in local currency, while preserving the value of their savings in bitcoin. HRF’s grant will support Tapnob’s expansion across the continent and the development of educational resources to help individuals use bitcoin to transact more freely.

Bitcoin Development

rawBit

Building secure applications on Bitcoin requires understanding how transactions and scripts work at the protocol level, which can pose a steep learning curve for new developers. The rawBit platform lowers this barrier with a free, open-source visual editor that lets users build and inspect raw transactions using drag-and-drop tools. Helping more developers understand Bitcoin’s underlying mechanics strengthens the open-source infrastructure upon which people under financial repression depend. While the platform already includes 14 interactive lessons, HRF’s grant will support new modules on advanced topics like Taproot and the Lightning Network. 

doblon8

Safely approving Bitcoin transactions without exposing sensitive data to the internet is a real concern for some users. One solution is air-gapped signing, where a Bitcoin transaction is made without ever connecting to the internet. Sparrow Wallet, a non-custodial Bitcoin wallet, supports this functionality using a webcam integration to scan QR codes. Bitcoin developer doblon8 is improving this feature by replacing outdated scanning software with faster, more reliable code. This grant will help strengthen this feature, making it easier and safer for human rights defenders to use Sparrow Wallet to manage their bitcoin.

Bitcoin Community

Bitcoin Benin

Benin remains tied to the CFA franc, a colonial-era monetary system that limits economic sovereignty and restricts access to the global economy. Bitcoin Benin, a local group of educators and developers, is building a Bitcoin Knowledge Hub to develop an alternative. The Hub will be a physical learning center and co-working space where individuals can learn how to use and build Bitcoin tools. HRF’s grant will support the hub’s infrastructure and the 2026 Bitcoin Mastermind conference, funding workshops and training programs expected to reach more than 1,000 participants.

Bitcoin for Good

Refugees, asylum seekers, and people living under authoritarian rule are often excluded from traditional banking systems. This makes it difficult for already vulnerable people to send, receive, and store their money. Bitcoin for Good, a program of the Groundswell Project founded by the late human rights activist Hadiyah Masieh, works with these groups to help use Bitcoin for remittances, savings, and direct donations. The program provides hands-on training for individuals who cannot rely on conventional financial services. HRF’s grant will fund community outreach and documentation to expand the program and replicate it in new communities.

Bitcoin House Malaysia

In Malaysia’s evolving political and regulatory environment, there is growing awareness of how financial systems and policies can influence public expression and community engagement. Bitcoin House Malaysia, an education hub in Kuala Lumpur founded by Nostr developer Shaun Time, offers hands-on learning for students to explore Bitcoin and other open-source technologies that promote free expression and financial autonomy. This grant will support operations and technical workshops, helping a local community build and use tools that strengthen resilience against censorship and centralized financial constraints.

Summer of Bitcoin

Students around the world — particularly those living under dictatorships and broken economies — lack a pathway to contribute to Bitcoin’s open-source development. Summer of Bitcoin meets this need by providing a global internship that pairs students with experienced mentors. Participants contribute to Bitcoin’s codebase through a developer track and improve user interfaces through a designer track while gaining hands-on experience. HRF’s funding will support student stipends and mentorship compensation, helping cultivate a more diverse group of contributors to Bitcoin’s development that reflects global needs.

Yes Bitcoin Haiti

In Haiti, persistent currency instability makes it difficult for many people to preserve the value of their work and savings. Local education initiative and community Yes Bitcoin Haiti is building a circular economy where individuals and merchants can earn, spend, and save without relying on the local currency. The initiative also undertakes educational outreach to local human rights defenders. HRF’s grant will support Bitcoin adoption and leadership development to equip Haitians and local civil society with the tools to transact freely in Bitcoin and preserve the value of their hard-earned labor within an open, borderless financial system.

Freedom Tech

The Activist Atlas

Oftentimes, activists meet at conferences, build powerful connections, and then lose contact once the event ends. To foster ongoing collaboration, Cato Policy Analyst Nick Anthony and Bitcoin educator Paco de la India created the Activist Atlas, an interactive digital platform that allows changemakers to stay connected, discover one another’s work, and coordinate year-round while introducing freedom technologies like Bitcoin for donations and Nostr for secure communication. HRF’s grant will support the platform’s launch and help grow a global network of activists using freedom tech to remain inspired and operational.

Krux

Securely holding bitcoin often requires specialized signing devices that rely on proprietary components. This makes them costly or difficult to obtain in corrupt regimes or weak economies. Krux is open-source software that transforms widely available devices into secure Bitcoin signing devices. It supports offline transactions and is available in 10 languages to broaden accessibility. HRF’s grant will support software developer Odudex in refining the project so more people can securely hold bitcoin under authoritarian regimes.

LearnNostr

Despite its potential as a censorship-resistant communication protocol, Nostr remains difficult for newcomers to understand and use. To lower these hurdles, educational platform LearnNostr provides a beginner-focused introduction that breaks the protocol down into practical lessons. Created by data scientist Cristy Almonte, the curriculum teaches real-world use cases (such as pseudonymous identities and secure publishing) for those living under the grip of dictators. HRF’s funding will support the platform’s development and help more people living under censorship communicate safely.

NetBlocks Internet Observatory

Authoritarian regimes increasingly shut down the internet and block platforms to silence dissent, obscure human rights abuses, and disrupt financial alternatives. NetBlocks, an internet observatory founded by technologist Alp Toker, tracks and documents these disruptions in real time. Its reporting creates a global record of internet censorship that helps hold authoritarian regimes accountable. HRF’s support will sustain this monitoring so activists and civil society can expose digital repression as it happens.

Bitcoin Research & Education

AmityAge
In many authoritarian countries, activists and civil society groups face currency instability, financial restrictions, and surveillance. To alleviate these pain points, Bitcoin initiative AmityAge launched the Bitcoin Educators Academy, a program that prepares local educators to teach financial sovereignty under repression. HRF’s support will fund event costs for five academies, training 75 educators in essential soft and communication skills to teach self-custody and the use of permissionless financial tools in their regions in a clear and understandable way.

Base58

For Bitcoin to function as freedom money, its development must remain neutral and independent. To better understand whether funding influences that independence, Base58, a technical Bitcoin education school, will publish “Funding and Open Source Contributions to Bitcoin,” a research report analyzing how funding sources shape open-source contributions using quantitative and visual data. HRF’s support will fund the personnel and equipment needed to complete this two-month study.

Bitcoin Policy Norway

Norway is considering a Bitcoin mining ban that could set a precedent across Nordic and European democracies if policymakers misunderstand Bitcoin’s broader role in financial freedom. This could provide cover for authoritarian regimes to implement more repressive policies. To address this risk, the Bitcoin Policy Norway launched Bitcoin Education for Norwegian Policymakers. This initiative will provide officials, aid organizations, and media with evidence-based research and testimonials from dissidents resisting authoritarian regimes on Bitcoin’s human rights applications. HRF’s grant will support operations, travel, and outreach to ensure decision-makers understand Bitcoin’s value and avoid policies that could restrict access to this technology.

BTC Shule

In Burundi, state control over financial access leaves little room for independent alternatives. BTC Shule, a local Bitcoin community founded by social entrepreneur ₿elyï, will launch an eight-month accelerator program to train developers to build open-source Bitcoin tools suited for this specific environment. The program will offer meetups and mentorship for participants. HRF funding will support a hackathon, stipends, and operational costs to build freedom tech tailored to Burundi’s local financial realities under an authoritarian regime.

Daniel Batten

Authoritarian regulation often determines whether people can legally use Bitcoin, shaping its potential as a tool for financial freedom in the places where it is most needed. Bitcoin researcher Daniel Batten will examine this issue through data-driven research and educational outreach. His work will focus on informing and training activists and civil society in countries such as Nigeria, Ethiopia, and Egypt. HRF’s grant will help fund the research, production, and outreach that enable individuals to use Bitcoin more freely.

DIYbitcoin

In repressive environments, access to Bitcoin tools can be costly, restricted, or monitored. DIYbitcoin is a resource that helps individuals bypass these barriers by teaching them how to build and operate their own hardware using open-source software and affordable, off-the-shelf components. The project will create a multilingual library of visual do-it-yourself guides tailored to communities across Latin America, Africa, and Asia. This grant will fund workshops and educator training to help local communities adopt self-custody and run their own Bitcoin infrastructure.

Economic Inclusion Group

Financial exclusion is increasingly used by dictators to silence civil society and restrict democratic participation. To document and expose this growing pattern, Jorge Jraissati, president of the Economic Inclusion Group, is leading a research initiative titled Documenting, Communicating, and Protecting Victims of Financial Exclusion. The project will document 100 cases of dissidents cut off from financial systems worldwide. It will share these stories through articles, podcasts, and social media to reach more than three million people. HRF’s grant will support researchers and operational costs to publish these cases.

SeedSigner User Guide

Hardware wallets are one of the safest ways to store Bitcoin, but they can be expensive and technically challenging, especially for those new to self-custody. SeedSigner, an open-source hardware wallet, allows users to build their own signing devices from inexpensive, widely available components. However, its limited documentation can make the setup process more challenging for newcomers. Easy, a contributor to the SeedSigner project, is creating a step-by-step user guide to simplify the process. HRF’s funding will support the development of this resource, helping human rights defenders with limited resources securely store and manage their bitcoin.

This post HRF’s Bitcoin Development Fund Announces Support for 26 Projects Worldwide first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

What looks like a geopolitical threat aimed at US multinationals could quickly become a crypto story too.

That is because several of the companies threatened by Iran now sit inside the infrastructure, payments, and corporate treasury layers that parts of the digital-asset industry rely on.

According to the Wall Street Journal, the IRGC warned that US companies in the region would be targeted from April 1 and named firms including Microsoft, Google, Apple, Intel, IBM, Tesla, and Boeing. Other multinationals mentioned in the reports included JPMorgan Chase, Oracle, Palantir, Cisco, HP, and Nvidia.

Why this matters: Crypto is no longer exposed only through exchanges and token prices. It now depends on cloud platforms, banking rails, and public companies with Bitcoin exposure, which means geopolitical threats aimed at mainstream firms can spill into digital assets faster than many investors expect.

The group said those companies would be treated as “legitimate targets” in retaliation for US and Israeli strikes on Iran.

For crypto markets, the significance is not that these are digital-asset companies in the narrow sense. It is that several of the firms named by Iran sit inside the operating stack that now supports large parts of the industry, from cloud computing and data processing to tokenized payments, treasury management, and corporate Bitcoin exposure.

The threat also comes after the war had already begun to hit infrastructure across the Gulf. Last month, Amazon Web Services data centers in the United Arab Emirates and Bahrain were damaged by drone strikes, disrupting cloud services and prolonging recovery efforts.

That episode showed how quickly geopolitical conflict can spill into the technical systems that businesses rely on, including companies tied to digital assets.

Meanwhile, the broader conflict has already expanded well beyond a conventional military exchange. Over more than a month of fighting, the US and Israel have struck Iranian energy and other national infrastructure, while Iran has launched more than 3,000 drones and missiles toward the United Arab Emirates, Saudi Arabia, Bahrain, and Kuwait.

Against that backdrop, the IRGC’s threat points to a wider phase of economic and corporate pressure, one that could extend into parts of the infrastructure surrounding crypto.

Which crypto-related firms are affected?

Not all of the companies named by the IRGC are crypto-native businesses. Still, several already have direct or indirect ties to the industry, making them relevant to the market beyond the usual reaction of Bitcoin and other tokens to war headlines.

• Google is the clearest example because it sits deep inside crypto’s operating stack, and its Web3 business is not a peripheral effort.

Google Cloud, a subsidiary of Google, offers managed node infrastructure, analytics tools, and developer services for blockchain applications, and works with firms such as Cardano-backed Midnight blockchain, Coinbase, and others.

In fact, the firm recently took a major step into blockchain infrastructure development with the launch of the Google Cloud Universal Ledger (GCUL). This is a Layer 1 blockchain network designed to enable faster payments and cross-border settlement.

Apart from that, Google has also emerged as an important financial backer behind Bitcoin miners’ shift toward artificial intelligence.

Rather than acquiring mining companies outright, the Alphabet-owned company has provided at least $5 billion in disclosed credit support tied to a handful of miners’ AI projects.

That backing has helped reframe some previously unrated Bitcoin miners as infrastructure-linked borrowers that lenders can view less as pure commodity businesses and more as counterparties with strategic data-center potential.

All of this does not make Google a crypto company, but it does place the firm close to one of the industry’s most important restructurings.

• JPMorgan’s link is different, but just as relevant.

Over the past years, the US banking giant has expanded its exposure to the crypto industry in several ways designed to foster adoption and growth.

For context, JP Morgan launched Kinexys in 2020 as a digital-asset service platform and has since processed more than $3 trillion of transactions.

The bank describes Kinexys as a blockchain-based payment rail that allows participating clients to move funds around the clock, including across borders, with availability spanning Europe, the Middle East, and Africa.

The bank reportedly plans to double daily transaction values on its Kinexys blockchain platform to $10 billion.

Apart from that, JPMorgan has also pushed further into on-chain finance through its asset-management arm.

In December, it launched MONY on the public Ethereum network, giving qualified investors access to a tokenized money market fund backed by Treasuries and repurchase agreements. The firm also piloted JPMD, its dollar-denominated deposit token, on the Coinbase-backed Base network.

• Tesla is the most direct balance-sheet link among the companies named.

The Elon Musk-led company is not part of crypto’s infrastructure in the same way as Google or JPMorgan, but it remains one of the listed firms with measurable digital-asset exposure on its books.

According to data from BitcoinTreasuries.com, Tesla holds 11,509 Bitcoin as of press time, making it one of the top 20 public firms worldwide with BTC exposure. In fact, Tesla is the only top 10 company by market capitalization with exposure to the top crypto.

This stands it out in the broader market and confirms its conviction in the emerging industry.

Outside of Bitcoin, the company has also shown significant adoption for Dogecoin, the largest memecoin by market capitalization.

These efforts, alongside Musk's enduring interest in the crypto industry, make it a significant player within the sector.

The core shift here is simple: crypto risk is no longer confined to crypto-native companies.

As the sector becomes more entangled with big tech, banks, and public-company treasuries, threats aimed at those firms can become market-relevant for digital assets even when no exchange or blockchain company is directly named.

Other firms with crypto links

Beyond those first-order examples, the IRGC list also includes companies with looser but still notable ties to digital assets.

NVIDIA is one of them. The company is now defined primarily by AI computing and data-center revenue, but it previously had a long and sometimes contentious history with crypto mining.

Demand for its chips surged during earlier mining cycles, bringing both revenue upside and later legal scrutiny over disclosures tied to that business.

However, NVIDIA is no longer central to mining as it once was, but its historical connection to the sector remains part of the market’s memory, especially when crypto and AI capital spending begin to overlap.

Meanwhile, Microsoft’s involvement with the emerging industry is more institutional and infrastructure-led.

The company’s crypto exposure has centered on enterprise blockchain through Azure rather than direct token holdings. It has accepted Bitcoin through BitPay in limited contexts, while also pursuing blockchain-as-a-service tools, decentralized identity work through ION, and research into secure computing systems relevant to digital infrastructure.

At the corporate treasury level, Microsoft has kept its distance. Its shareholders voted against adding Bitcoin to the balance sheet after the board recommended rejecting it. The board said such an assessment was unnecessary and preferred stable, low-risk investments over the volatility of crypto.

Taken together, the companies named by Iran show how far crypto’s exposure now extends beyond exchanges and token prices.

The industry’s links to cloud providers, global banks, AI infrastructure, and corporate treasuries mean geopolitical threats aimed at mainstream US firms can quickly become relevant to digital assets as well.

The next test is whether this threat remains rhetorical or starts to affect the companies and infrastructure layers that parts of crypto now depend on. If that happens, the market impact may show up first through cloud resilience, payments flows, and risk sentiment before it appears in token prices themselves.

The post Iran threatens major US companies in the Middle East creating new risk for crypto appeared first on CryptoSlate.

Bitcoin is pushing back toward $70,000 as macro pressure eases, but each attempt is still being sold into. The market is improving on the outside while failing to resolve a key internal constraint.

Macro relief improves the backdrop as Bitcoin meets a crowded zone above $70,000

Bitcoin has opened April with a cleaner macro backdrop than the one that defined the final stretch of March.

The war premium in crude eased after reports that the U.S. could leave Iran within weeks if a peace deal advances, a shift that pushed Brent down to $99.44 and WTI to $97.55. Currency markets reflected the same cooling impulse, with the Dollar Index sliding to 99.534.

Rates softened into the week’s main U.S. macro event, with the 2-year Treasury yield near 3.76% and the 10-year near 4.28%. That combination has historically improved the operating environment for risk assets, including Bitcoin.

Price responded in kind. Bitcoin price traded around $68,724 on April 1, after swinging through an intraday range between roughly $66,000 and $69,2000.

Those numbers look contained at the daily close, although the structure under the surface carries more tension than a flat range suggests. The market has moved away from outright macro panic, while it has yet to secure the kind of broad, persistent demand that turns relief into expansion.

The result is a compressed setup, where a friendlier external backdrop meets thinner conviction near a heavily traded resistance zone.

Why this matters: It separates environment from execution. Macro conditions are becoming more supportive, but price is still failing at the same level. That gap typically resolves in one of two ways: either demand expands enough to absorb supply, or repeated rejection turns into a deeper pullback. The next move depends on which side gives first.

The key level in that equation remains $70,000. Glassnode’s recent market analysis shows Bitcoin struggling to secure clean closes above that area since early February. The same report shows realized profit momentum contracting by roughly 63%, a signal that the willingness to chase higher prices has cooled.

The pressure point comes from the group of recent buyers' trading decisions. Glassnode identifies the cost basis of holders with coins aged 1 week to 1 month at around $70,000, placing a dense block of supply directly overhead. When price revisits that zone, participants who bought the breakout often become sellers on a return to breakeven.

Repeated rejection can emerge from that structure even when the macro background improves.

This leaves Bitcoin in an unusually clear weekly frame. Oil has backed away from the highs, the dollar has softened, and yields have eased. Each of those shifts reduces one layer of pressure.

Yet the move above $70,000 still requires fresh demand capable of absorbing supply from recent entrants and late breakout buyers. That requirement sits at the center of the market’s current posture.

Stronger macro conditions have reopened the door for another push higher. Market structure still requires proof.

The next stage depends on how these layers interact. A cooler geopolitical premium in crude can continue to ease inflation stress. A softer dollar can improve liquidity conditions at the margin. Lower yields can support broad risk appetite.

Bitcoin still trades through its own internal constraint, which is the concentration of overhead supply close to the breakout zone. In that sense, the market enters the week with a better external environment and a more difficult internal test.

That distinction shapes the setup around Friday’s payrolls release and the weekend that follows.

Neutral funding, compressed volatility, and lighter leverage leave Bitcoin waiting for a conviction shift

The strongest fresh signal inside crypto comes from the derivatives complex. During stronger directional advances, perpetual funding usually leans clearly positive as traders pay to hold long exposure. That posture has faded.

Data from Coinalyze shows Bitcoin open interest near $20.1 billion, with average funding around -0.0046% and predicted funding near +0.0002%. That mix describes a derivatives market close to neutral.

The positive carry that often accompanies crowded bullish positioning has thinned sharply. The reset carries two implications. First, leverage has already been cleaned out to a meaningful degree. Second, the market is no longer leaning heavily enough in one direction to make the next move obvious from funding alone.

That reset becomes more important when paired with recent liquidation activity. Coinalyze places 24-hour liquidations near $48.6 million, a relatively modest figure given the range Bitcoin has traded through over the last several sessions.

Post-liquidation markets often enter a cleaner positioning state, where the next move can develop with fewer forced participants in the way. A reduction in open interest after leverage flushes also changes the character of the market.

The move that follows often emerges from a base that has already cleared excess exposure.

Volatility data reinforces the same reading. Glassnode’s implied volatility series showed Bitcoin at 52.32 on April 1, a level consistent with compression after a period of larger macro-driven swings. Recent market commentary has also noted realized volatility sliding from roughly 80 to just above 50.

Compression of that kind often precedes expansion, especially once expiry-related flows pass through the market and directional traders begin to rebuild. The setup points to conditions for a larger move once a convincing catalyst arrives.

Intraday behavior adds another layer. Daily closes have stayed relatively muted, although the path inside each session has become more unstable. Bitcoin has posted larger intraday swings while the broad range remains intact.

The pattern points to a market where conviction is fragmenting under the surface. Traders remain active, yet they are not pressing a broad directional consensus through the close. That condition often develops near turning points, where one side has lost momentum, and the other side has not yet secured control.

The market is no longer under pressure from leverage or macro shocks. The only unresolved question is whether buyers are strong enough to clear the $70,000 supply zone.

The buyer exhaustion argument fits within this structure, though it needs refinement. Broad demand has thinned at higher levels rather than vanished across the board. Spot flow data support that narrower conclusion.

Farside’s U.S. spot Bitcoin ETF figures show flows improving after a late-March drawdown, moving from -$225.5 million on March 27 to +$69.4 million on March 30 and +$117.5 million on March 31. CoinShares also reported $790 million in weekly Bitcoin inflows.

Marginal buying power above $70,000 has thinned, while demand at lower levels still exists. That distinction explains why dips can find support and why rallies continue to stall near the same zone.

The market, therefore, sits in a reset phase defined by three linked conditions: leverage has been reduced, volatility has compressed, and conviction above resistance remains incomplete. Each condition narrows the field for the next move.

Traders looking for a clear signal from funding are finding neutrality. Investors looking for evidence of structural demand are finding it in ETF flows, though not yet at a scale that clears the overhang supply in a single attempt.

The setup is less about panic and more about hesitation. In practice, that often creates a more binary reaction once macro data arrive.

Payrolls, oil, and yields now define the next test as Bitcoin moves into a macro-sensitive weekend

The week’s decisive catalyst comes from the U.S. labor market. The Bureau of Labor Statistics will release the March Employment Situation on Friday, April 3, at 8:30 a.m. Eastern. Consensus expectations tracked by major media point to roughly 60,000 new jobs with unemployment at 4.4%.

That estimate lands after a run of softer labor and confidence data. February job openings fell to 6.9 million, and hires dropped to 4.85 million, the weakest hiring pace since April 2020. Consumers are also showing strain.

The Conference Board’s March consumer confidence index fell to 91.8, while the expectations component slid to 70.9, a level often associated with recession risk.

Those readings shape the macro frame around Bitcoin directly. A softer jobs report could reinforce the recent decline in yields and extend pressure on the dollar, conditions that usually support scarce, liquid risk assets. That path would give Bitcoin a cleaner chance to test whether demand can finally absorb the $70,000 overhang.

A stronger report would carry a different consequence. Yields could rebuild, the dollar could firm, and the relief that followed the cooling in oil could fade quickly. In that case, Bitcoin would face a macro headwind while also confronting a dense resistance zone formed by recent buyers.

The calendar adds one more wrinkle. Friday’s data arrive into a holiday-affected schedule that leaves many traditional markets closed for Good Friday, while crypto continues trading.

That sequencing raises the odds that Bitcoin becomes one of the first venues where the market expresses a real-time reaction to payrolls into the weekend. The implication is practical. Macro data can hit a thinner cross-asset environment, and Bitcoin can become the first liquid expression of repricing before other major markets reopen.

In periods of geopolitical tension and shifting rates expectations, that timing effect can amplify moves that would otherwise look more measured.

Oil remains the external swing factor. If Brent stays below $100 and WTI holds under the psychologically important triple-digit zone, the inflation impulse that dominated the previous week continues to ease. That would support the softer-dollar, lower-yield mix that has already begun to reappear.

A renewed spike in crude would revive the pressure chain that links energy, inflation expectations, rates, and the dollar. Bitcoin has already shown that it trades through that macro ladder quickly. Over the last 24 hours, the balance of risk has shifted toward relief, with crude pulling back and bond yields easing instead of pressing higher.

For Bitcoin itself, the weekly map is now relatively clean. Supportive forces sit in one column, easing oil, a softer dollar, lower yields, healthier ETF inflows, reduced leverage, and compressed volatility. Restrictive forces sit in the other, thinner marginal demand above $70,000, a dense block of breakeven supply from recent buyers, and a derivatives complex that has not rebuilt strong directional conviction.

The interaction between those columns gives the market its current shape. This is a decision phase, driven less by broad panic and more by the absence of decisive control from either side.

The next test, therefore, sits in plain view. If payrolls and follow-through macro pricing preserve the current relief conditions, Bitcoin can challenge the upper boundary with a cleaner base under it than it had a few sessions ago.

The next move is now tied to a clear trigger. If payrolls reinforce the current easing in yields and the dollar, Bitcoin will test whether demand can finally absorb the $70,000 supply block. If macro pressure rebuilds, rejection at the same level risks turning into a more sustained pullback. The level is defined. The catalyst is scheduled. What remains unresolved is whether demand is ready to take control.

The post Bitcoin seems ready to push past $70k but one group keeps stopping the rally appeared first on CryptoSlate.

Bitcoin is no longer responding to rising global liquidity the way it did in the last cycle. Even as money supply expands, a stronger dollar is tightening financial conditions faster than liquidity can lift prices.

Bitcoin traders love one chart more than almost any other: global M2 liquidity with a time lag.

More money expanding across the world eventually finds its way into risk assets, and Bitcoin rides the wave. For stretches of the past cycle, that framing looked clean enough to treat as a rule.

That framing runs into trouble right now. Broad money is still climbing, yet Bitcoin is trading like an asset pinned under a macro ceiling.

Why this matters: This marks a shift in how macro signals are translating into crypto markets. Liquidity expansion alone is no longer enough to drive price in the short term, as faster-moving forces like dollar strength and rate expectations are taking priority.

For investors, that changes how Bitcoin should be interpreted: less as a simple liquidity proxy, and more as a market reacting to competing macro speeds.

FRED data show US M2 at $22.667 trillion in February, up from $22.469 trillion in January and $22.387 trillion in December.

Those numbers describe a clearly expansionary backdrop, while a Bitcoin price near $68,000 registers something else entirely.

Traders are collapsing two distinct macro transmission speeds into a single chart and expecting a tidy result.

Two clocks, one price

M2 is a monthly stock measure. It accumulates gradually, over quarters, and its influence on risk assets is similarly slow.

When liquidity conditions expand, it tends to ease financial conditions broadly, lowering hurdle rates, loosening credit availability, and nudging capital toward riskier positions.

Yet that process takes months to manifest in prices fully.

Dollar strength operates on a different clock entirely. When the dollar index climbs, financial conditions tighten almost immediately.

The Federal Reserve's own minutes are explicit: a stronger dollar, together with higher yields and lower equity prices, tightens financial conditions as a package.

BIS research supports the same transmission, and IMF analysis finds that a 10% dollar appreciation linked to global financial market forces reduces output in emerging markets by 1.9% within a year, worsening credit availability and capital inflows in the process.

March demonstrated exactly that hierarchy. The dollar index logged a 2.35% monthly gain and a 1.7% quarterly gain in its best quarter since late 2024, as safe-haven demand, the war in Iran, oil shock, and a sharp repricing of Fed rate-cut expectations all pushed investors back into the greenback.

From its late-January four-year low, the dollar index had already rebounded roughly 5% by mid-March.

Over that same stretch, US M2 climbed about 1.25%. The brake moved roughly four times faster than the fuel.

The key shift is not that liquidity has stopped expanding, but that it is being outrun by faster tightening forces. Bitcoin is reacting to the speed of change, not just the direction.

Why Bitcoin absorbs dollar moves first

Bitcoin sits in an unusual position among risk assets. It trades continuously across global venues, prices against dollars and dollar proxies, and attracts a global investor base, making dollar-denominated return calculations.

That makes it one of the fastest markets to absorb dollar tightening before M2's slow accumulation can work its way through credit channels, capital flows, and broader risk appetite.

The oil shock amplifies this, as commodity surveys in March raised the 2026 Brent forecast to $82.85 per barrel from $63.85 the prior month, the steepest upward revision in the survey's history, and warned Brent could reach $190 if the Strait of Hormuz stays closed.

An oil shock of that scale raises inflation expectations, forcing markets to price out rate cuts. The market had moved from pricing at least 50 basis points of Fed easing by December to barely one quarter point of cuts fully priced.

That repricing arrives in dollar and rate markets within days, and the M2 data for the corresponding period will not even be published for another month.

A subtler point reinforces this. Most popular “global M2” charts aggregate foreign money stocks and convert them into dollars, which means exchange-rate moves affect the composite by construction.

When the dollar strengthens, it compresses the dollar value of foreign-currency aggregates even as local-currency measures hold steady.

As one data provider notes, exchange rate fluctuations can have a similar effect on overall liquidity and should be considered alongside raw money-supply figures.

The dollar then functions on two levels: as a competing variable running alongside the M2 chart, and as a variable that already enters the composite calculation directly.

Dollar strength can simultaneously slow the chart's climb and compromise the importance of the chart's direction for Bitcoin.

What the M2 thesis actually says

All of this narrows the M2 thesis. Broad money is a useful proxy for background liquidity conditions over multi-month windows, particularly when the dollar is stable or weakening.

In those environments, the gradual accumulation of money supply can act as a slow tailwind for risk assets, with Bitcoin among the more sensitive beneficiaries.

The relationship looks cleaner in calmer macro regimes precisely because the fast variable, the dollar, is pulling in the same direction, or at least staying out of the way.

The current episode confirms the hierarchy: when dollar strength and risk aversion dominate the short-run picture, they can keep Bitcoin pinned well below where a climbing M2 line alone would place it.

The bull case is that the dollar's March surge proves temporary. If geopolitical stress eases, oil retreats from its highs, and markets reprice some Fed easing back in, the dollar's tightening impulse will weaken quickly.

Some strategists see part of the March dollar move as a risk premium that could fade if conditions stabilize. In that environment, the background M2 tailwind reasserts itself over the coming months, Bitcoin's divergence from the liquidity chart closes, and the traders who called the M2 thesis broken look premature.

The bear case is the dollar extending its advantage. HSBC strategists said the dollar holds the upper hand as long as oil prices, risk aversion, and cross-asset volatility stay elevated.

In that scenario, Bitcoin can continue diverging from the M2 script longer than most liquidity watchers expect. Every month of elevated oil and compressed rate-cut expectations delays the moment when background money growth can translate into market performance.

The next test is whether the dollar’s momentum breaks before liquidity can catch up. If the dollar stabilizes or reverses, Bitcoin has room to realign with the underlying expansion in money supply. If not, the divergence can persist longer than liquidity models imply, forcing traders to recalibrate what actually drives price in the current cycle.

The post Bitcoin breaks from M2 money supply as dollar strength overrides global cash growth appeared first on CryptoSlate.

With the first quarter of 2026 over, Bitcoin’s weak showing looks less like a single crypto-specific break and more like the product of a market that spent the past months under growing macro and geopolitical pressure.

As Q1 closed out on March 31, Bitcoin was trading near $66,280 and down about 24% for the year, while the S&P 500 was also heading for its worst quarter since 2022 as investors pulled back from risk assets.

The quarter began with expectations that the ETF era, corporate treasury buying, and a friendlier US policy backdrop could keep crypto on the front foot.

However, it ended with oil above $100, yields climbing, and the market again asking whether Bitcoin behaves more like a hedge or a leveraged macro trade.

During the reporting period, BTC's move lower did not come from one source. Instead, the poor price performance was instigated by war-driven energy shock, fading confidence in Federal Reserve easing, softer institutional demand, routine miner sales, selective de-risking by older holders, and defensive derivatives positioning, all of which fed into the quarter’s tone.

By late March, some of the heaviest selling pressure had eased, but the market still lacked the broad, aggressive buying that usually defines a durable recovery.

War, oil, and yields reset the quarter

Macroeconomic pressure shaped Bitcoin through the first three months of the year, but the decisive shift came in February, when military tensions between the US, Israel, and Iran began, forcing investors to reassess inflation, interest rates, and risk exposure all at once.

Due to the war, oil prices rose sharply as investors priced in the possibility of wider disruption across the Middle East, with Brent crude consistently trading above $100 amid warnings that any prolonged disruption in the Strait of Hormuz could send prices even higher.

This added to the pressure on global markets already struggling with uneven growth and persistent inflation concerns.

Market analysts noted that the move in energy fed directly into the rates markets, where investors who began the year anticipating a friendlier policy path were instead confronted with the possibility that higher fuel costs would keep inflation sticky and complicate the Federal Reserve’s next steps.

As a result, the 10-year Treasury yield briefly approached 4.50% before easing. This reflected a broader repricing of rate expectations as markets adjusted to a less certain monetary outlook.

Meanwhile, equities moved lower as that repricing spread. According to Reuters, the S&P 500 was on track to fall about 7% for the quarter, its weakest quarterly performance in four years.

Bitcoin traded inside that same macro regime. On the one hand, geopolitical turmoil and rising distrust in traditional markets supported the case for alternative stores of value, such as the top crypto.

On the other hand, higher Treasury yields and stronger demand for conventional safe-haven assets drained liquidity from speculative positions, weighing on digital assets.

The result was a market caught between roughly $60,000 and $72,000, with neither bulls nor bears able to establish a sustained trend.

The quarter ultimately showed how quickly geopolitical conflict can reshape crypto trading conditions. What began as a year with expectations of easier financial conditions instead turned into a period defined by war risk, energy shock, and a more complex rate outlook, leaving Bitcoin and the wider digital-asset market trading amid a broader global risk reset.

The ETF and institutional bid have stopped acting like a shock absorber

Institutional demand remained in the market during the first quarter, but it was no longer strong enough to counter the broader macro pressures driving prices lower.

Data from SoSoValue showed that Bitcoin ETFs recorded $1.8 billion in net outflows in the first two months of the year, followed by about $1 billion in inflows in March.

That left the nine products with net outflows of more than $800 million for the quarter, a sign that spot flows had weakened, and that accumulation was not strong enough to provide steady support as risk sentiment deteriorated.

The pattern suggested that demand was still present, but no longer arrived with the consistency needed to absorb selling pressure.

CoinShares linked the slowdown in demand to two broader forces weighing on markets: concern that the Iran conflict would drag on and a shift in expectations for the June Federal Open Market Committee meeting, where investors moved from pricing in rate cuts to considering the risk of hikes.

That combination left digital assets exposed to the same macro repricing that hit other liquidity-sensitive trades.

Meanwhile, the same loss of momentum could be seen in the corporate treasury trade, one of the defining themes of the previous year. What had once looked like a broad public-company accumulation story narrowed sharply, with buying increasingly concentrated in one name while activity elsewhere slowed to a crawl.

CryptoSlate previously reported that Strategy, formerly MicroStrategy, dominated BTC buying activity among this cohort, with the Michael Saylor-led company acquiring more than 88,000 Bitcoin over the reporting period. This represents one of its largest quarterly hauls since 2025.

Outside Strategy, the picture was markedly weaker. Over the same period, all other Bitcoin treasury companies combined bought less than they purchased at the height of the trade in 2025.

In some cases, companies that had promoted treasury accumulation began moving the other way. Nakamoto sold about 284 Bitcoin in March for roughly $20 million, at an average sale price of $70,422 per coin, after making net purchases of 5,342 BTC in 2025 at a weighted average price of $118,171.

The transaction showed how quickly the economics of the trade had changed. A company that had built its strategy around Bitcoin accumulation ended up selling coins at a level well below the average price of its earlier buying campaign.

That reversal reflected the broader strain on the financing model that fueled last year's treasury boom. The trade gathered momentum as Bitcoin rallied and public-market investors rewarded listed companies that offered leveraged exposure to the token through their balance sheets.

As Bitcoin rose, many firms were able to issue shares at premiums to the value of the BTC they already held, raise fresh capital, and buy more coins. In some cases, companies also layered in debt financing to expand their exposure.

The model depended on rising prices and expanding equity premiums. Once Bitcoin stopped advancing, that structure became harder to sustain.

That created a tighter feedback loop across the sector. A lower Bitcoin price reduced net asset value per share. Lower net asset value and weaker sentiment compressed equity premiums. Narrower premiums then made fresh stock issuance less accretive, weakening one of the main tools companies had used to expand their Bitcoin positions. Once that cycle turned, the financing engine behind the trade began to lose force.

The result has been especially visible in treasury-company stocks. Shares that had once traded as high-beta proxies for Bitcoin upside have fallen sharply from their 2025 highs, with many underperforming Bitcoin itself.

So, what looked last year like a scalable public-market strategy has become more difficult to execute in a market where the underlying asset is no longer rising fast enough to support the same financing assumptions.

Routine miner sales begin to weigh more heavily

Another significant factor affecting BTC price performance during the period was the selling activity by Bitcoin miners. While those cohorts’ actions were not the main force behind Bitcoin’s weak first quarter, they became harder to dismiss once demand began to fade.

Asset management firm VanEck said miners had effectively sold roughly all newly issued Bitcoin supply over the past year, about 164,000 BTC.

For context, MARA Holdings provided the clearest example of how that pressure surfaced during the quarter. The company said March 26 that it sold 15,133 Bitcoin between March 4 and March 25 for about $1.1 billion, using most of the proceeds to repurchase convertible notes and reduce debt.

Other miners were also drawing down their treasuries. Core Scientific sold about 1,900 BTC, worth roughly $175 million, in January and said it planned to liquidate all remaining holdings substantially in the first quarter of 2026. Bitdeer reduced its treasury to zero in February, while Riot sold 1,818 BTC, valued at about $162 million.

This showed that miners were no longer acting as a meaningful source of net accumulation. Instead, they had also become net sellers in a market where ETF inflows had turned inconsistent and organic buying had weakened.

Meanwhile, the Bitcoin miners' selling reflected pressure inside the mining sector more than panic about the top crypto itself.

CoinShares said a sharp price correction, combined with near-record hashrate, pushed hash prices to five-year lows. VanEck echoed similar sentiments, noting that the average cash cost to produce one Bitcoin among publicly listed miners rose to about $79,995 in the fourth quarter of 2025.

That left many operators with tighter margins and fewer financing options.

At the same time, a growing number of miners were redirecting capital toward artificial intelligence and high-performance computing infrastructure.

CoinShares said more than $70 billion in cumulative AI and HPC contracts had now been announced across the public mining sector, with companies such as TeraWulf, Core Scientific, Cipher Mining, and Hut 8 increasingly resembling data center operators that also mine Bitcoin.

This helps explain why the miner sales mattered even without a capitulation event. The issue was not that miners were dumping coins in panic. It was that they were steadily distributing supplies into a market that no longer had the same capacity to absorb them.

When institutional inflows were strong, those balance-sheet sales could pass with limited effect. In the first quarter, however, weaker demand meant even routine selling began to weigh more heavily on price.

Bitcoin long-term holders are still selling

Bitcoin long-term holders added to that pressure as they continued selling into the new year.

Data from CryptoQuant showed that this cohort's Spent Output Profit Ratio (SOPR) fell below 1, indicating that they are selling at a loss.

According to the firm:

“Because long-term holders are the least sensitive to short-term volatility, a phase in which they begin to realize losses can be interpreted as a broader market-wide capitulation. By this point, short-term holders have likely already exited the market or suffered significant losses.”

This is corroborated by Glassnode, which noted that realized losses remained elevated into late March but showed no signs of panic, indicating a controlled de-risking phase rather than indiscriminate selling.

Unrealized losses also rose while remaining within historical norms, suggesting stress was building but had not yet turned into a full washout.

VanEck’s mid-March ChainCheck pointed to a similar conclusion. It said transfer volume fell month over month across every long-term holder age cohort, indicating that older coins were being spent less frequently and that long-term holder distribution was slowing.

That suggested some experienced holders had taken risk off earlier in the quarter, but by mid-March, the broader pattern was becoming more restrained.

Taken together, the quarter’s message was more nuanced than a simple claim that smart money dumped into weakness. Long-term holders were also realizing losses, but in a measured way rather than in panic.

The result was a market facing persistent supply at a moment when demand had become less dependable, which was enough to keep Bitcoin under pressure without a full-scale liquidation across this cohort.

Bears keep control of the derivatives tape

If spot and on-chain flows told one part of the story, derivatives told the rest.

Glassnode said perpetual funding rates remained negative even as Bitcoin stabilized, a sign that traders were still willing to pay to maintain downside exposure. It also said futures open interest remained relatively muted, suggesting leverage was not rebuilding in support of the recovery.

The same report said spot market activity stayed relatively muted after the selloff into the $67,000 region, with exchange volumes showing only a modest response and the rebound looking reactive rather than conviction-led.

That is an important distinction. Prices can stop falling before buyers truly return. Through late March, Bitcoin looked more balanced than it had during the worst of the selloff, but not meaningfully bullish.

Options markets showed similar caution. VanEck said the put-call open interest ratio averaged 0.77 in mid-March, its highest level since June 2021, while put premiums relative to spot volume reached an all-time high of about 4 basis points.

Essentially, Investors were paying heavily for downside protection even as price action steadied. That is not the signature of a market leaning into upside. It is the signature of one still bracing for another shock.

The post Bitcoin’s support system snapped in Q1 — and the buyers that used to hold it up stepped back appeared first on CryptoSlate.

Tether spent early 2026 expanding into gold. By the end of March, it had already cut the senior hires behind that push, turning what looked like an ambition story into a test of how the company wants to look before auditors examine its books.

Paolo Ardoino said that Tether wanted to allocate 10% to 15% of its $20 billion proprietary investment portfolio to physical gold. Two days later, Tether reported more than $10 billion in profit for 2025 and $6.3 billion in excess reserves.

The company had already poached two precious metals traders from HSBC to build what Ardoino publicly called “the best trading floor for gold in the world.”

The traders were Vincent Domien, HSBC's former global head of metals trading and a board member of the London Bullion Market Association, and Mathew O'Neill, who oversaw precious metals origination across Europe, the Middle East, and Africa.

Tether was acting like a balance sheet empire builder, expanding its reserve footprint and cultivating the image of an institution capable of competing directly with JPMorgan and HSBC in bullion markets.

By Mar. 31, Tether had dismissed both. Reports confirmed the cuts just three months into their tenure, as gold headed for a 12.7% monthly drop, its steepest fall since October 2008.

Placed next to a leadership reset at the investment level, a formal Big Four audit engagement, and a reported pause on fundraising, the layoffs take on a different weight.

The move looks like a deliberate redrawing of what Tether wants to look like before it gets inspected.

Why this matters: Tether is not just another crypto company making a staffing change. USDT sits at the center of crypto market plumbing, so any move that suggests reserve simplification, tighter controls, or audit preparation matters well beyond one desk or one asset class.

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The audit pivot

Tether's Mar. 24 announcement that it had formally engaged a Big Four firm for its first full financial statement audit carried specific language.

The company said the process would go beyond the attestation standard used across stablecoins, covering reserve optimization, internal controls, and financial reporting.

On that same day, Tether put a planned raise of up to $20 billion on hold until the audit was completed, with prospective investors and bankers pressing for greater transparency. On Mar. 12, CIO Richard Heathcote had already stepped back from day-to-day duties, with deputy Zachary Lyons taking over.

There is a broader timeline of Tether's moves this year.

USAT launch on Jan. 27, gold allocation ambitions stated Jan. 28, profit disclosure Jan. 30, investment leadership transition Mar. 12, Big Four audit announced Mar. 24, fundraising pause reported the same day, XAUT expansion to BNB Chain on Mar. 26, and gold-desk layoffs on Mar. 31.

These movements trace a company reorganizing around a single internal priority: make the reserve perimeter legible, clearly segregate the non-reserve portfolio, and arrive at the audit process looking simpler than it did in early 2026.

Tether still held about 130 metric tons of physical gold at the end of 2025, and four days before cutting the desk, it expanded XAUT to BNB Chain and noted the tokenized gold market had grown from roughly $1.3 billion to more than $4 billion in 2025, with XAUT commanding about 60% of that market.

Tether said it was still building a “state-of-the-art gold team,” optimizing operations, and repositioning gold from an expansion symbol to a reserve asset and tokenized product.

This is the central shift in the narrative: Tether appears to be moving from expansion optics to audit optics. The question is no longer how broad its ambitions are, but whether it can make a sprawling reserve narrative look clean enough to withstand full scrutiny.

The disclosure race

Circle has spent years using disclosure as a competitive weapon.

USDC has over $77 billion in circulation as of late Mar. 31, and publishes weekly reserve disclosures and receives monthly reserve assurance from a Big Four firm.

Tether's USDT sat above $184 billion, and coexisted with a persistent credibility gap that Circle's institutional pitch exploits in enterprise sales cycles. By committing to a full financial statement audit rather than continued attestation, Tether aims to close that gap without surrendering its volume dominance.

The timing tracks a regulatory deadline. The OCC's proposed GENIUS Act rules, circulated in February 2026, explicitly cover reserve assets, redemption standards, risk management, audits, and financial reporting, including examination of foreign issuers.

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The new regulatory bar demands end-to-end parsability of a stablecoin issuer's reserve system and governance. Tether's Mar. 24 announcement, calibrated to both Circle's disclosure pressure and the reality that USDT's $184 billion scale makes it a regulatory target regardless of management preference, reads as a direct answer to that standard.

Reuters noted that Tether's equity as a share of assets fell to 3.3% at year-end 2025, while cash-like reserves dropped to 76% of assets. Meanwhile, holdings like Bitcoin, gold, and secured loans rose to 24%.

Tether disclosed $6.3 billion in excess reserves against roughly $186.5 billion in liabilities, a cushion of about 3.4%. At that margin, a full audit carries solvency-optics weight for a company, backstopping the dominant quote currency across crypto trading pairs and serving over 550 million users.

The Federal Reserve published a note on Mar. 30 stating that payment stablecoins can affect liquid-asset markets, bank reserve balances, and the implementation of monetary policy.

IMF research found that a 1% increase in combined USDC and USDT market cap lowers the 1-month T-bill yield by 1.9 basis points at the trough, while a BIS/IMF paper found more than 70% of cumulative net stablecoin inflows came from non-USD currencies.

Tether's push to harden its books is happening precisely as USDT draws the attention of central banks and crypto markets alike.

Potential outcomes

If the process completes without material complexity in the reserve or affiliated-entity structure, Tether reopens its fundraise with a disclosure profile closer to Circle's, widens institutional access to USDT, and reframes the gold-desk cuts as the kind of operational decision a mature financial infrastructure provider makes.

Goldman Sachs projected gold at $5,400 per ounce by year-end 2026. If prices recover, XAUT captures the upside while the physical desk Tether cut becomes a sunk cost.

The company will have traded a few months of Empire Optics for something more durable: the right to be priced like audited infrastructure rather than a crypto-native operator running on goodwill and quarterly attestations.

The bear case is a protracted audit. Control or classification issues in the $20 billion proprietary portfolio, formally segregated from USDT reserves but routed through affiliated entities requiring clean documentation, delay completion, and the fundraise stays shelved.

Every price move in Bitcoin or gold reopens the debate over reserve composition in a news cycle that Tether can no longer contain with an attestation update.

The 3.4% equity cushion leaves little room for narrative drift, and each quarter without a completed audit widens the window for rivals to claim the credibility ground Tether vacated by inviting the inspection before the results arrived.

The company that built the world's most consequential stablecoin is now betting that looking auditable is worth more than looking ambitious.

The next test is whether the audit closes on time, with reserve boundaries, controls, and affiliated-entity documentation clear enough to hold. Until then, every delay keeps the credibility question open for the issuer behind crypto’s most important trading dollar.

The post Tether hired top HSBC gold traders, then cut them weeks before auditors arrive appeared first on CryptoSlate.

As tensions in the Middle East reached a boiling point, risk assets—including $Bitcoin and major altcoins—faced a sharp "risk-off" liquidation. However, as diplomatic channels begin to signal a potential de-escalation, savvy investors are looking at the "blood in the streets" as a generational entry point.

Historically, markets overreact to geopolitical shocks. If a resolution is reached in early April, the pent-up liquidity currently sitting in stablecoins is expected to flood back into high-conviction projects that were unfairly hammered during the panic.

Is April a Good Time to Buy Crypto?

Potentially, as April 2026 is shaping up to be a prime recovery month. With many tokens trading at 20-30% discounts from their Q1 highs, the current "oversold" conditions on the RSI (Relative Strength Index) suggest a relief rally is imminent.

1. Ethereum (ETH): The Race Back to $3,000

$Ethereum remains the backbone of the decentralized economy. During the recent March turbulence, ETH slipped below its psychological support, but the fundamentals remain unshaken.

• Recovery Catalyst: The successful implementation of the "Prague" upgrade earlier this year has further reduced Layer-2 costs.
• Price Target: Analysts expect a swift recovery to the $3,000 mark as institutional ETH ETFs see renewed inflows once the global macro outlook stabilizes.

Investors should monitor the ETH price closely, as its recovery usually leads the broader altcoin market.

2. PEPE: The Volatility King

For those with a higher risk appetite, $PEPE remains the go-to memecoin for catching rapid bounces. Memecoins often act as high-beta plays on market sentiment; when the market turns green, PEPE tends to move twice as fast as the majors.

• Current State: PEPE lost significant ground in March but has maintained a strong community floor.
• Why Buy: Its extreme volatility makes it an ideal candidate for a "relief rally" play. As retail investors return to the market in April, the low-unit bias of PEPE often attracts massive speculative volume.

3. XRP: Regulatory Clarity Meets Institutional Adoption

$XRP has faced a double-whammy of geopolitical pressure and a temporary "capital flight" toward safer havens. However, its role in cross-border payments, especially in the Middle East, makes it a unique asset to watch as regional stability returns.

• Market Position: Having secured full regulatory clarity in late 2025, XRP is no longer a "gamble" but a utility-driven asset.
• Outlook: It has lost nearly 15% in the last month, making the XRP price highly attractive for those betting on the continued expansion of RippleNet.

4. Cardano (ADA): The "Deep Value" Opportunity

$Cardano is currently one of the most oversold "blue-chip" altcoins. While critics point to its slower price action, the network's resilience and growing DeFi TVL (Total Value Locked) suggest it is undervalued.

• The Dip: ADA has hit multi-month lows, hovering near critical demand zones.
• The Play: Historically, ADA performs well in the second stage of a market recovery.

5. Solana (SOL): The Ecosystem Powerhouse

No "Top 5" list for 2026 is complete without $Solana. Despite the market-wide dip, Solana continues to lead in retail transaction volume and NFT activity.

• Technical Outlook: SOL has shown incredible strength in bouncing off the $80-$100 support range.
• Why April: With the Firedancer upgrade nearing full optimization, Solana's throughput is unmatched. Any return of "risk-on" sentiment will likely see SOL outperform Bitcoin in percentage gains. You can compare Solana's performance against other majors on our exchange comparison page.

Top 5 Cryptos to Buy in April 2026

A major development has just hit the crypto industry. The U.S. Department of Justice has charged multiple individuals linked to crypto “market-making” firms for allegedly manipulating token prices and trading volumes.

According to the allegations, these actors engaged in coordinated schemes to artificially inflate volume and prices — commonly known as wash trading and pump-and-dump operations.

👉 In simple terms:

• Fake volume was created
• Prices were pushed higher
• Retail investors bought in
• Then positions were offloaded

This isn’t a new suspicion in crypto — but this time, it’s being formally prosecuted.

How Fake Volume Has Been Shaping Crypto Prices

For years, a significant portion of crypto trading activity has been questioned. Some market makers didn’t just provide liquidity — they allegedly manufactured it.

This artificial activity created the illusion of strong demand, tighter spreads, and active markets. In reality, part of that liquidity may have been recycled capital, designed to attract real buyers into inflated conditions.

👉 This matters because markets rely on liquidity to function smoothly.

If part of that liquidity was fake, then price stability itself may have been partially artificial.

What Changes Now?

If regulators successfully crack down on these practices, the immediate impact won’t necessarily be bullish. Instead, markets could enter a transition phase where:

• Liquidity becomes thinner
• Order books become less stable
• Price movements become sharper and less predictable

👉 In other words:
Crypto markets may become more “real” — but also more brutal.

Why This Comes at a Critical Time

This shift is happening while markets are already under pressure from broader macro conditions.

Geopolitical tensions, rising oil prices, and tightening liquidity are creating a fragile environment for risk assets. Even strong or bullish news has struggled to sustain upward momentum in recent sessions.

👉 That means crypto is now facing a double pressure:

• External macro stress
• Internal structural changes

What This Means for Investors

For traders and investors, this new phase changes how the market should be approached.

Lower artificial liquidity means:

• Breakouts may fail faster
• Dumps may accelerate more aggressively
• Volatility may increase across all timeframes

At the same time, this transition could ultimately strengthen the market.

With less manipulation, price discovery becomes more transparent, and long-term trust in the ecosystem can improve.

Final Thought

Crypto may not just be correcting — it may be recalibrating.

As fake volume disappears and enforcement increases, the market is shifting from an artificially supported environment to a more natural one.

👉 And in that transition, price action could become significantly more unforgiving.

Panic Grips the XRP Ledger Community

Early this morning, traders on a major US-based cryptocurrency exchange witnessed a terrifying anomaly: the $XRP price appeared to disintegrate, falling from its stable market value of $1.34 to exactly $0.01. The "crash" happened in a matter of seconds, creating a massive red candle on the hourly charts that suggested a total collapse of the asset’s valuation.

Did XRP Really Drop to $0.01?

If you saw the price alert on your phone and felt your heart skip a beat, you aren't alone—but you can breathe easy. XRP has not actually crashed to 1 cent. This was an elaborate April Fools' Day prank executed by the exchange’s interface team to mock the "XRP to $0.01" memes that have circulated in bear markets for years. While the UI displayed a penny valuation, the global XRP price remained steady at its actual market rate across all other global platforms.

Liquidity vs. UI Glitches

In the world of crypto trading, there is a huge difference between a real market event and a visual one:

• Real Flash Crash: Occurs when massive sell orders exhaust all available buy orders (liquidity), causing the price to hit bottom for a few milliseconds.
• UI "Prank" or Glitch: A change in how the data is shown to the user without affecting the actual underlying trades or the blockchain's integrity.

Today’s event was purely a visual trick. Actual orders placed at $0.01 were not filled, as the exchange's matching engine was still operating at the real market price of $1.34.

Ripple’s Regulatory Context in 2026

The timing of the prank was particularly effective because of the high-stakes environment surrounding Ripple. As of today, April 1, 2026, Ripple has officially activated its National Trust Bank status under new OCC rules, a milestone that has kept XRP news at the forefront of the financial world.

How to Protect Yourself from Real Market Volatility

While today's 1-cent price was a joke, real volatility is a constant in the crypto space. To ensure your assets are safe from actual exchange failures or technical errors, consider the following:

• Self-Custody: Move your long-term holdings into hardware wallets to avoid being affected by exchange-side UI glitches or outages.
• Verify via Aggregators: Always cross-reference prices on sites like CoinMarketCap before making a panic-driven trade.
• Exchange Diversity: Use multiple exchanges to ensure that a localized glitch on one platform doesn't freeze your entire portfolio.

Prank vs. Reality Comparison

The Morning the "World Computer" Stood Still

Early this morning, things got tense fast. Several on-chain monitoring tools started flagging what looked like a serious issue on the Ethereum network—something as extreme as a “state-level” breach.

Within minutes, rumors spread across social media claiming that someone had taken control of the consensus layer, potentially allowing transactions to be reversed and $ETH to be double-spent. For about half an hour, the market reacted hard. Ethereum’s price swung wildly as panic selling kicked in across major decentralized exchanges.

Was the Ethereum Blockchain Actually Hacked?

If you are looking for confirmation of a total network collapse, you can rest easy. The Ethereum blockchain was not hacked. This "exploit" was an elaborate April Fools' Day scenario designed to test the community's response to misinformation and to highlight the recent "Quantum Readiness" upgrades in the 2026 Ethereum roadmap. While the data feeds on certain community dashboards were intentionally "glitched" to show a 51% attack in progress, the actual Ethereum blockchain remained perfectly secure and operational.

Can a Blockchain Truly Be Hacked?

When people talk about "hacking a blockchain," they usually refer to one of two things:

1. Protocol-Level Attacks (51% Attack): In a Proof of Stake (PoS) system like $Ethereum, an attacker would need to control more than half of all staked ETH. As of 2026, the cost to acquire enough ETH to do this would be in the hundreds of billions of dollars, making it economically irrational.
2. Smart Contract Exploits: This is where most "hacks" actually happen. The blockchain itself is fine, but the code of a specific app (like a lending protocol) has a flaw.

Recent 2026 reports from Chainalysis confirm that while DeFi exploits continue to occur, the underlying Ethereum base layer has never been successfully "hacked" since its inception.

The Reality of Ethereum Security in 2026

Ethereum’s security model is currently at its strongest point in history. Following the 2022 "Merge," the network transitioned to Proof of Stake, and subsequent upgrades in 2025 and 2026 have focused on "Hardening the Layer 1 foundation."

Why a 51% Attack is Nearly Impossible

To compromise the network today, an attacker would face:

• Slashing: If a validator acts maliciously, their staked ETH is automatically destroyed by the protocol.
• Social Consensus: If a massive attack occurred, the community could coordinate a "hard fork" to ignore the attacker's chain, effectively vaporizing billions of dollars of the attacker's capital.
• Quantum Resistance: The 2026 roadmap explicitly introduced post-quantum cryptography to protect against future threats from advanced computing.

The "Hack" vs. Reality

Distinguishing Between Blockchain and Application Hacks

While the Ethereum blockchain is secure, users often confuse it with the applications running on top of it. For example, recent 2026 security audits have shown that 90% of "Ethereum hacks" are actually:

• Phishing: Users signing malicious permissions.
• Bridge Vulnerabilities: Flaws in the code that moves assets between different chains.
• Governance Attacks: Manipulating a DAO's voting system.

To stay safe, it is crucial to use secure hardware wallets and trade only on reputable exchange platforms that provide high-tier security features and insurance funds.

Early this morning, users of a prominent European cryptocurrency exchange were greeted by a chart that defied all logic. The $Bitcoin price appeared to collapse in a vertical line, crashing from its stable range of approximately $68,000 down to a mere $1,000. For several minutes, social media platforms were set ablaze with screenshots of the "crash," as traders rushed to deposit funds in hopes of catching the ultimate discount.

Was This a Real Market Event?

The sight of a 99.9% drop in the world's largest digital asset naturally sparked fears of a catastrophic systemic failure or a "fat finger" trade of historic proportions. However, investors can breathe a sigh of relief. This was an elaborate April Fools' Day prank. The exchange in question intentionally modified its front-end display to show the $100 price point as a nod to Bitcoin's early trading days, but no actual liquidations or trades occurred at this level.

What is a Flash Crash?

A flash crash is a genuine market phenomenon where a lack of buy orders (liquidity) leads to a rapid, temporary collapse in price. While today’s event was a scripted joke, real flash crashes have occurred in the past due to:

• High-frequency trading (HFT) algorithm errors.
• Massive sell orders hitting "thin" order books.
• Technical glitches in exchange matching engines.

In today's case, the global Bitcoin price remained steady on all other major platforms like Coinbase and Binance, confirming that the "crash" was localized and cosmetic.

The Reality of the Current Market

Despite the morning's humor, the actual crypto news cycle shows a market characterized by consolidation. Recent data indicates that Bitcoin is currently navigating "macro jitters," with prices hovering around the $69,000 mark as investors weigh geopolitical tensions and interest rate trajectories.

Why the Joke Hit So Hard

The $1,000 price target was chosen because it represents a "holy grail" for latecomers to the space—a price not seen since 2013. By displaying this specific number, the exchange targeted the psychological FOMO (Fear Of Missing Out) that drives much of the retail crypto trading activity.

"I almost threw my coffee at the monitor," one trader shared. "I knew it was April 1st, but seeing that red candle touch $100 makes your survival instincts kick in before your brain does."

Protecting Your Portfolio from Real Volatility

While we can laugh at a scheduled prank, real market anomalies do happen. High-authority financial outlets like Bloomberg often highlight the risks of keeping entire portfolios on centralized exchanges. To mitigate the risk of actual technical glitches or exchange-side issues, many experts recommend:

• Cold Storage: Using hardware wallets to remove assets from the "line of fire" of exchange glitches.
• Diversified Order Books: Spreading trades across multiple high-volume exchanges to ensure price discovery is accurate.

Summary of the "Crash"

Volatility Shares, the company that launched the first leveraged crypto fund in the U.S., is expanding its roster to smaller digital assets

Solana-based perpetuals DEX Drift Protocol has suffered an exploit impacting more than $200 million in funds.

Google's cheapest video model yet targets developers burned by high generation costs, arriving just days after OpenAI pulled the plug on Sora.

Elon Musk’s rocket company has confidentially submitted IPO paperwork to U.S. regulators, potentially setting up one of the largest public listings in history.

The Fed governor has previously said that stablecoins risk undermining the U.S. central bank’s credibility.

A researcher has disclosed Ripple’s most recent XRP holdings before the latest escrow unlock.

Ripple CEO Brad Garlinghouse has fired back at Avalanche founder Emin Gün Sirer following a provocative April Fools' joke.

Shiba Inu is pivoting, and not in the right direction: things are changing in favor of bulls.

Drift Protocol, a prominent decentralized exchange (DEX) built on the Solana blockchain, has suffered a massive $270 million exploit.

Avalanche founder and CEO Emin Gün Sirer ignited a firestorm this April Fools' Day with a direct jab at rival blockchain Ripple.

Key Highlights

• XRP maintains trading levels around $1.35, showing consecutive daily gains despite ongoing market pressures.
• Exchange-traded funds tracking XRP recorded $2.3 million in withdrawals on Monday, with total assets under management declining to $944 million from January’s $1.65 billion peak.
• Open Interest in XRP futures contracts has plummeted to $2.45 billion, representing a dramatic 73% decrease from July’s $10.94 billion high.
• Technical analyst Ali Martinez projects a possible 30% correction before any substantial recovery materializes in 2026.
• Ripple expands its treasury management solution with direct cryptocurrency integration, supporting both XRP and RLUSD stablecoin.

As of Wednesday, April 2, XRP continues to trade just above the $1.35 threshold. While the digital asset has registered gains over two consecutive sessions, enthusiasm from both individual and institutional market participants remains subdued.

The token began trading at $1.34 before experiencing modest upward movement throughout the day. However, despite these incremental advances, XRP remains confined below a critical declining resistance trendline, with previous recovery efforts losing momentum near the $1.43 level.

Technical indicators paint a challenging picture. The 50-day, 100-day, and 200-day Exponential Moving Averages all remain significantly above current price levels. The Moving Average Convergence Divergence indicator has crossed below its signal line on daily timeframes, while the Relative Strength Index hovers around 43—suggesting sustained bearish momentum without entering oversold conditions.

Broader geopolitical factors have contributed to market headwinds. The extended conflict involving the United States and Israel with Iran, now entering its second month, has created widespread uncertainty across cryptocurrency markets, with attempted recoveries frequently meeting seller resistance.

Declining ETF and Futures Metrics Reveal Softening Interest

Spot XRP exchange-traded funds listed in the United States recorded $2.3 million in redemptions on Monday. Tuesday’s trading session saw minimal flow activity. While cumulative inflows remain at $1.21 billion, total assets under management have contracted to approximately $944 million—a substantial decline from the January 1 peak of $1.65 billion.

Futures market data reveals similar weakness. Open Interest for XRP contracts fell to $2.45 billion on Wednesday from $2.54 billion the previous day. This marks a precipitous decline from the record $10.94 billion registered in July, coinciding with XRP’s all-time high of $3.66. March 2026 represents the inaugural month recording negative net ETF flows since these products launched in November 2025.

Technical strategist Ali Martinez published a comprehensive multi-year chart analysis, identifying what appears to be an ascending triangle formation. The horizontal upper boundary rests near $3.32, and following XRP‘s failure to breach this resistance, the token has surrendered over 55% of its value.

According to Martinez: “Should XRP continue following this ascending triangle pattern, it may present a near-term accumulation opportunity alongside a robust multi-year upward trajectory.” He forecasts a potential additional correction of approximately 30% before any significant reversal, highlighting a multi-year logarithmic support line as a critical technical level.

Ripple Expands Treasury Solution With Native Cryptocurrency Support

On the enterprise front, Ripple has unveiled enhancements to its Ripple Treasury platform, incorporating native blockchain functionality. The newly introduced features, designated as Digital Asset Accounts and Unified Treasury, enable chief financial officers to monitor and control both traditional and digital assets—including XRP and the RLUSD stablecoin—through a consolidated interface.

Ripple’s Chief Executive Officer Brad Garlinghouse revealed that the platform facilitated $13 trillion in payment transactions during the previous year, supporting clients ranging from emerging enterprises to Fortune 500 corporations. While this volume previously excluded cryptocurrency transactions, the updated integration aims to bridge that gap.

The Digital Asset Accounts functionality provides real-time asset valuation, precision to 15 decimal places, and automated transaction documentation. Unified Treasury delivers instantaneous oversight across all digital asset holdings and cash positions.

Several enterprise clients are currently participating in beta testing prior to the platform’s worldwide deployment.

The post XRP (XRP) Could Face 30% Decline Before 2026 Recovery, Analyst Warns appeared first on Blockonomi.

Key Takeaways

• Bitcoin declined 2.2% to $66,609 following Trump’s evening address that provided no resolution to the Iran conflict
• Solana experienced the steepest decline among major cryptocurrencies, plummeting 5.2% with every top 10 token recording losses
• U.S. equity futures across S&P 500, Nasdaq, and Dow all retreated more than 1% in the aftermath of the speech
• Brent crude oil prices jumped 5% to exceed $106 per barrel as de-escalation hopes faded
• Market sentiment remains in extreme fear, with the crypto Fear and Greed Index registering a reading of 8

Cryptocurrency markets and U.S. stock futures experienced significant declines Wednesday evening after President Trump’s nationally televised address failed to signal any near-term resolution to the escalating U.S.-Israeli military engagement with Iran.

In his address, Trump declared that American military forces would strike Iran “extremely hard” throughout the coming two to three weeks—a message that disappointed market participants hoping for diplomatic progress.

Prior to the president’s remarks, financial markets had displayed cautious optimism. Trump’s earlier comments had hinted at a potential conclusion to hostilities within weeks, suggesting a formal agreement with Tehran might not be necessary. This sentiment had propelled Asian equities upward by 4%, lifted S&P 500 futures, and created the most encouraging market atmosphere in over a month.

The presidential address quickly reversed this momentum. During the approximately 20-minute speech, Trump provided no policy pivot regarding Iran, established no ceasefire timetable, and delivered no concrete details about future military strategies.

Bitcoin retreated 2.2% to $66,609, erasing the previous day’s advances. Ether slipped 2.2% to $2,056. BNB decreased 3.9% to $591. XRP shed 2.5% to reach $1.31.

Among the leading cryptocurrencies by market capitalization, Solana suffered the most substantial decline, dropping 5.2% and pushing its weekly loss to 13%.

Equity Futures Experience Widespread Selling

American stock index futures mirrored cryptocurrency’s downward trajectory. S&P 500 futures contracted 1.3%. Nasdaq 100 futures declined 1.6%. Dow Jones futures retreated 1.2%.

Global equity markets across Europe and Asia similarly posted losses. Asian markets declined 2.1% in post-speech trading. The U.S. dollar gained strength. Treasury bond prices fell amid heightened inflation worries.

Brent crude oil prices surged 5% to surpass $106 per barrel. Oil has now appreciated approximately 40% since hostilities commenced in late February. The strategically vital Strait of Hormuz shipping channel, which has been blocked since mid-March, continues to disrupt global oil flows. Trump indicated the waterway would reopen “naturally” following the conflict’s conclusion, though he offered no specific timeframe.

Bitcoin Maintains Five-Week Trading Range

Bitcoin has remained confined within a trading corridor between approximately $60,000 and $73,000 for five consecutive weeks. The cryptocurrency drops on conflict escalation news and rebounds on any signs of potential de-escalation.

The Fear and Greed Index currently registers at 8, indicating extreme fear among market participants. This metric has fluctuated between 8 and 14 throughout the past month.

Certain market analysts cite historical seasonal patterns as potential bullish indicators. April has traditionally ranked among bitcoin’s strongest performing months, closing positively in 10 of the past 15 years with an average monthly return of 20.9%.

Bitcoin also recently found support at its two-month upward trendline near $60,000 last week and is currently attempting to reclaim its 50-day moving average.

Thursday represents the final trading session of this holiday-shortened week, with markets closing Friday for Good Friday. Economic data releases include weekly jobless claims Thursday morning and the March employment report on Friday.

Trump acknowledged that Iran’s leadership had initiated ceasefire discussions with the United States, but emphasized that any potential agreement would require the reopening of the Strait of Hormuz as a precondition.

The post Trump’s Iran Address Triggers Sharp Decline in Crypto Markets and Stock Futures appeared first on Blockonomi.

Quick Overview

• SOL experienced a decline beneath the $80 threshold after losing grip above $85
• Price reached a floor at $78.30; critical support zones identified at $75 and $70
• The Solana network processed an unprecedented 10.1 billion transactions during Q1 2026, representing a 50% surge from Q4 2025
• Stablecoin transaction volume on Solana reached $650 billion in February 2026
• Galaxy Digital’s tokenized equity is now available as collateral in Solana’s DeFi ecosystem through Kamino protocol

Solana (SOL) has slipped beneath the $80 mark following a recent downturn that sent prices tumbling from $86.63. This decline came after the token breached a bullish trendline that had previously provided support around $81.50 on the one-hour timeframe.

The token established a bottom at $78.30. Currently, SOL is positioned beneath both the $80 threshold and the 100-hour simple moving average.

The first resistance barrier stands at $80.25, with a secondary level at $82.50, corresponding to the 50% Fibonacci retracement from the latest downward movement. A sustained breakthrough above $85 would be necessary to alter the near-term outlook.

Should buyers fail to maintain support at $78, the subsequent floor lies at $75. Breaking through that barrier could expose the $70 level, with $62 becoming a possibility under continued selling momentum.

Blockchain Metrics Achieve Unprecedented Heights

Contrary to the price action, Solana’s on-chain metrics established fresh records during Q1 2026. Quarterly transaction count reached an inaugural 10.1 billion milestone, based on Artemis analytics. This represents approximately a 50% increase compared to Q4 2025.

The blockchain concluded March with 2.4 million active participants, according to Token Terminal data.

This transaction surge stemmed primarily from decentralized finance operations and tokenization of tangible assets. Solana’s monthly stablecoin transfer volume touched $650 billion during February 2026, nearly tripling from the previous month, as reported by The Kobeissi Letter.

Institutional adoption has expanded in tandem with this growth. Digital asset liquidity provider B2C2 designated Solana as its primary infrastructure for institutional stablecoin transactions. CEO Thomas Restout commented: “Solana has proven itself as essential financial infrastructure… This represents the future of settlement.”

Galaxy Digital Introduces Tokenized Corporate Equity to Solana DeFi

Galaxy Digital achieved a milestone as the first NASDAQ-traded entity to tokenize corporate shares on a public distributed ledger. Through collaboration with Superstate and the Kamino lending platform, qualified participants can now utilize these tokenized GLXY shares as collateral for borrowing stablecoins such as USDC.

Kamino holds the position of Solana’s leading lending protocol, managing over $2 billion in Total Value Locked.

This innovation enables shareholders to unlock liquidity while maintaining their equity positions. The functionality is accessible to qualified non-US participants via the Superstate Market integrated with Kamino.

SOL presently exchanges hands below $80 with crucial support identified at $75 and resistance positioned at $82.50.

The post Solana (SOL) Tests Critical Support Zones as Transaction Volume Surges to Historic Levels appeared first on Blockonomi.

Key Takeaways

• An isolated testnet environment at Galaxy Digital was compromised by unauthorized access
• No client assets, personal information, or account data were exposed or endangered
• The financial impact was minimal, with losses under $10,000 in test-only funds
• Galaxy’s response team identified and contained the breach swiftly
• Trading operations and all client-facing services continued without disruption

Mike Novogratz’s Galaxy Digital has publicly acknowledged a recent cybersecurity incident that compromised one of its development environments. The breach targeted an isolated research and development workspace designed exclusively for testing purposes.

The firm immediately clarified that customer assets and sensitive data remained completely protected throughout the incident. Every trading platform and client service continued operating normally without any interruption.

The compromised system was a testnet infrastructure — a segregated digital environment where engineers experiment with new code and functionality away from live networks. This testing space operated entirely separate from Galaxy’s production systems and core technology infrastructure.

A source familiar with the situation revealed that the monetary damage amounted to less than $10,000. Galaxy characterized this sum as negligible, emphasizing that these funds existed solely for internal development and testing activities.

Galaxy reported that its security team identified the unauthorized entry point and acted rapidly to isolate the breach. The organization locked down the affected workspace and implemented enhanced security protocols throughout its blockchain-based infrastructure.

Understanding Testnet Environments

A testnet functions as a standalone, quarantined space where software developers validate updates and experiment with new capabilities. It replicates the framework of production systems while operating completely independently from actual user assets and information.

Despite being separated from live operations, testnets can still appeal to cybercriminals seeking to identify security vulnerabilities. While compromising such environments doesn’t directly endanger users, it may expose potential weaknesses in system architecture.

Galaxy maintains a diverse range of services including digital asset trading, investment management, lending platforms, custody solutions, cryptocurrency mining operations, staking services, and data infrastructure. The company primarily serves institutional investors while functioning as a connector between conventional financial markets and the digital asset ecosystem.

Ongoing Security Challenges in Cryptocurrency

Cybersecurity incidents and exploits remain an endemic challenge throughout the cryptocurrency space. The combination of publicly available code, substantial on-chain capital, and inconsistent security standards creates attractive opportunities for malicious actors.

According to industry analysts, annual losses from cryptocurrency-related hacks have consistently ranged between $1 billion and $2 billion in recent years. These incidents span everything from centralized exchange compromises to decentralized protocol exploits and sophisticated phishing campaigns.

Galaxy indicated that investigation into the incident continues. The company committed to sharing additional information when appropriate.

The firm has not disclosed specific details regarding the method of unauthorized entry or the particular vulnerability that was exploited during the attack.

Beyond the immediate containment measures and workspace security enhancements, Galaxy Digital has not announced any structural changes to its security personnel or broader infrastructure.

As of its official statement, Galaxy Digital confirmed that all client-facing platforms and services maintain complete security and operational integrity.

The post Galaxy Digital Testnet Breach: Why Client Assets Remained Completely Safe appeared first on Blockonomi.

Key Highlights

• JPMorgan CEO Jamie Dimon indicated the institution might eventually participate in prediction markets, excluding sports and political betting
• Goldman Sachs CEO David Solomon has conducted meetings with leading prediction market operators
• Retail trading platforms Coinbase and Robinhood now offer prediction market functionality
• Polymarket commands an approximate $20 billion valuation; competitor Kalshi achieved $22 billion
• The CFTC initiated preliminary regulatory measures for prediction markets in recent weeks

During a CBS interview on April 1, 2026, JPMorgan CEO Jamie Dimon revealed his institution is exploring potential participation in the prediction markets space, despite having no concrete strategy in place currently.

JPMorgan Chase CEO Jamie Dimon revealed that his bank is considering offering prediction market services to its customers, but said “there’s a bunch of stuff we won’t do” in that space, like sports and politics. https://t.co/1d7hafUvLU

— CBS News (@CBSNews) April 1, 2026

“There’s a possibility we might pursue something in this area eventually,” Dimon stated. He emphasized the bank would exclude sports and political betting from any offerings and maintain stringent controls regarding confidential information.

“The use of privileged information is absolutely prohibited, regardless of circumstances, including within prediction markets,” he explained. “We will ensure our employees understand this policy completely.”

Dimon further noted that participating in prediction markets often resembles gambling more than traditional investment strategies. He expressed opposition “when it becomes a destructive compulsion.”

Goldman Sachs appears to have advanced further in evaluating this opportunity. During the firm’s January earnings presentation, CEO David Solomon revealed he had recently conducted personal meetings with the two dominant prediction market operators.

“We’ve assigned a dedicated group to engage with them and conduct thorough analysis,” Solomon explained.

Prediction markets enable participants to wager on real-world event outcomes, spanning economic indicators to entertainment developments. The industry has rapidly evolved from obscurity to attracting major institutional interest.

Operational Models of Market Leaders

Polymarket and Kalshi lead the sector but employ fundamentally different approaches.

Polymarket leverages blockchain technology, operating on the Polygon network. Participants fund accounts with stablecoins, execute wagers, and receive automatic distributions via smart contract mechanisms.

Kalshi eschews blockchain entirely. The platform functions as a conventional exchange, featuring centralized matching and settlement processes within a regulated environment.

Polymarket recently established a strategic data agreement with Intercontinental Exchange, which owns the New York Stock Exchange. The platform carries an estimated $20 billion valuation. Kalshi attained a $22 billion valuation following investment from Coatue Management.

Crypto Exchanges Enter the Arena

Both Coinbase and Robinhood have incorporated prediction market capabilities into their service offerings, providing mainstream retail access.

This integration has amplified overall market participation and prompted traditional banking institutions to evaluate the sector seriously.

Whether JPMorgan or Goldman Sachs would adopt blockchain-based infrastructure or conventional systems for potential product launches remains undetermined.

Regulatory Framework Remains Incomplete

The regulatory classification of prediction markets within the United States continues to evolve. Unresolved questions persist regarding permissible event types and contract categorization.

The Commodity Futures Trading Commission initiated preliminary regulatory framework development for prediction markets within the past month.

JPMorgan stock advanced 4% on April 1 amid broader market strength. Year-to-date, the shares remain down 9%.

The post Wall Street Giants JPMorgan and Goldman Sachs Eye Entry Into Prediction Markets appeared first on Blockonomi.

Over the last few months, conflict in the Middle East has put pressure on crypto markets. Bitcoin faced a fresh decline of nearly 3% on Friday as the price dropped toward $66,000 from $69,200 yesterday.

Now, pseudonymous analyst Mr. Wall Street warned that the second quarter could be “full of blood” as downside risks build across both market structure and macro conditions.

Short-Term Hope Fades

In a recent post on X, the analyst said his earlier thesis of short-term bullishness and mid-term bearishness has now fully transformed to a bearish stance across both timeframes. He pointed to the recent 27% rally from $60,000 to $76,000 as a move driven by market makers to create liquidity for a larger downside move.

According to him, even if Bitcoin briefly pushes higher to sweep upside liquidity, such a move would only be temporary before a broader decline. Upon noticing the change, he stated that he closed his short-term long positions at $68,000 and opened shorts, while also placing additional short orders between $77,000 and $83,000 in anticipation of potential liquidity grabs.

He added that a large amount of liquidity has built up below the current price in recent weeks, along with levels from the 2024 summer range, which supports the thesis of a potential Bitcoin drop to $40,000-$45,000. Beyond technical factors, ongoing geopolitical risks have a crucial role to play. A possible escalation involving the United States and Iran could trigger a global recession driven largely by a sharp rise in oil prices, which is expected to weigh heavily on risk assets like Bitcoin.

Volatility Ahead

Echoing similar concerns around weakening fundamentals, João Wedson, founder of Alphractal, flagged reduced network activity. In his latest analysis, Wedson found that Bitcoin’s daily transaction fees, measured in US dollars, have dropped to levels last seen during previous market bottoms and now rank among the lowest observed in the past several years.

Such low fee generation indicates weak network demand, a condition that has historically led to periods of intense volatility.

In a separate post, Wedson warned traders against chasing upward price movements during a bearish market, while arguing that such behavior often benefits larger players rather than retail investors. The analyst stated that repeatedly buying into green candles in a downtrend is not a sound investment strategy, but instead provides exit liquidity for whales looking to offload positions.

The post ‘Q2 Will Be Full of Blood’: Analyst Flips Fully Bearish on Bitcoin appeared first on CryptoPotato.

Bitcoin prices fell below $67,000 on Thursday morning, dropping to $66,770 following Donald Trump’s latest update on the war with Iran.

“We are on track to complete all of America’s military objectives shortly, very shortly,” the President said at the White House on Wednesday. “We’re going to hit them extremely hard over the next two to three weeks,” he added.

The POTUS said that the US imports almost no oil through the Hormuz Strait and will not be taking any in the future.

“Between threatening Iran’s power plants, saying the Iran War would last 2-3 more weeks, and calling out NATO, there was nothing new,” observed the Kobeissi Letter.

“Yet, the market is now trading like the Iran war is ramping up for another month-long escalation. Why? Because he didn’t explicitly de-escalate.”

Selling Pressure Remains High

While crypto and stock futures tanked, oil prices surged back over $100 per barrel again, further pressuring the economies of nations that rely on the Middle East for their fuel supplies.

Zooming out shows that Bitcoin is still in the middle of its two-month range-bound channel, and there hasn’t been any major panic selling since early February.

Markets after Trump’s address.

No ceasefire, 2-3 more weeks of war and strait of Hormuz stays closed.

Nasdaq down 1.40% to 23,758.
Bitcoin down 2.28% to $67,202.
Gold down 2.90% to $4,692.

Oil up 6% to $103.51.
Straight up from $98 in one move.

Everything that was… pic.twitter.com/CubY55u3fg

— Bull Theory (@BullTheoryio) April 2, 2026

However, CryptoQuant observed that Bitcoin whales have flipped from buyers to sellers. Holders of wallets containing 1,000 to 10,000 BTC are now distributing, with 1-year holdings falling 188,000 BTC after more than 200,000 BTC of accumulation in 2024, it noted.

“This isn’t short-term. The 365-day trend is declining, signaling structural selling pressure.”

Overall, Bitcoin spot demand remains in “deep contraction,” despite accelerating ETF and Strategy purchases, it stated before adding that the 30-day apparent demand growth stands at -63K BTC, “indicating that broader market selling pressure continues to outweigh institutional accumulation.”

In a separate post, CryptoQuant analyst ‘Woominkyu’ said that Bitcoin’s “supply in profit” has hit a multi-year floor, while “supply in loss” is spiking. “This alignment has historically marked the terminal phase of market corrections,” they said.

Elsewhere on Crypto Markets

Ethereum prices dipped back below $2,100 again, but were holding above the psychological $2,000 level at the time of writing.

The altcoins have been hit harder as usual, with heavier losses for BNB, Solana, Bitcoin Cash, Hyperliquid, and Canton.

“Everything that was rallying on peace hopes sold off immediately,” said ‘Bull Theory.’

The post Bitcoin Falls to $66K as Trump Signals Further Escalation in Iran appeared first on CryptoPotato.

The Solana blockchain processed about $650 billion in stablecoin transactions in February 2026, setting a new monthly record, according to The Kobeissi Letter.

That spike placed stablecoin activity far above traditional benchmarks, with monthly volumes now approaching $2 trillion and outpacing CME gold future trading by a wide margin.

Solana Leads Record-Breaking Surge in Stablecoin Activity

The Kobeissi Letter says that Solana’s stablecoin volume in February was almost three times what it was in January. This was partly because of new products being released, as well as changing market conditions.

The market commentary account also noted that there are expectations of another increase when the March numbers come out, linking the potential rise to geopolitical tensions in the Middle East.

The same narrative was shared in a report from QCP Capital, which revealed that stablecoin liquidity rose last month even as equities and precious metals folded from the pressure generated by the war being waged by the U.S. and Israel against Iran. At the time, USDC reached a record $81.1 billion, although data from DefiLlama shows the figure has since dropped back to just over $77 billion.

Part of the growth on Solana appears to be tied to new stablecoin offerings, including the rollout of Western Union’s USDPT and Jupiter’s JUPUSD. According to The Kobeissi Letter, part of JUPUSD’s attraction was its ability to return yield to users within its ecosystem, although such features are currently the subject of heated debate between banks and the crypto industry, with banks looking to codify digital asset firms not providing yield on stablecoins in the CLARITY Act.

The scale of stablecoin activity now dwarfs some traditional markets in comparison. Take, for example, the CME Group’s gold futures trading, which recently reached about $208 billion per month, making it about nine times smaller than the nearly $2 trillion recorded for stablecoin transaction volumes.

What’s Happening in the Broader Stablecoin Market

The stablecoin market as a whole has been growing steadily across several chains, with Ethereum boasting the most supply of circulating stablecoins at about $170 billion. It is followed by Tron, which has $86 billion, with Solana, by comparison, at around $16 billion.

In terms of cumulative transaction volumes, Ethereum is still the clear winner with about $52 trillion worth of transactions over time, followed by Base and Tron with $34.7 trillion and $23.8 trillion, respectively, per data from Artemis. Meanwhile, Solana has managed to pull slightly over $19 trillion.

A recent report from Ripple shows that increasing institutional interest is behind these figures. It revealed that 74% of finance executives see stablecoins as useful tools for treasury operations, with 72% of institutions now viewing the fiat-backed crypto assets as necessary to remain competitive.

The post Solana Sets Monthly Record as Stablecoin Volume Hits $650B appeared first on CryptoPotato.

The average transaction fee on the Bitcoin network has fallen below $0.40 for the first time since 2017, according to on-chain data shared by analyst Darkfost.

The drop is markedly different from other times in the past when low costs were triggered by low usage, as it has come while daily transaction counts are still relatively high.

What Is Driving Down Fees

According to Darkfost, the decline is largely due to the introduction of inscriptions, a technical adjustment that helps limit the weight of transactions in each block. In doing so, the adjustment appears to have reduced competition for block space, which has led to lower fees even though activity hasn’t dropped yet.

“Even though this was implemented through a soft fork, it still represents a significant development for Bitcoin,” Darkfost said of the change.”

The analyst also noted that, on average, the Bitcoin network’s processed transactions have remained relatively stable, which they described as “far from low.” They also pointed out that historically, the highest fees on Bitcoin have often appeared during price peaks, while the lowest came near bear market phases, similar to what is being experienced currently.

At the time of writing, BTC was trading close to $69,000. This is down more than 17% from the past year and about 45% from its all-time high of over $126,000 in October 2025. The 30-day performance is a little better; CoinGecko data shows that BTC gained almost 4% in that time, while it lost 7% in the last week.

The elevated volatility has been due in part to the ongoing conflict in the Middle East, which saw BTC drop to the $65,000 level on Monday, recover past $68,000 on Tuesday, and fall again to $66,000, before climbing back toward $69,000 after reports emerged that U.S. President Donald Trump planned to deliver a major update on the conflict.

This Is Where Bitcoin Goes Next

Analysts have suggested that the price behavior described above matches patterns seen during consolidation periods, when value moved within set ranges, and traders tried to figure out which way to go.

On Monday, Coinglass reported that momentum was largely tentative, with the short-term structure still being defined by lower highs. At the same time, observers at CryptoQuant noted that Bitcoin had dipped back into an accumulation zone, with large holders becoming more active on Binance, depositing large batches of the cryptocurrency.

From all the data, the market appears to be neither in an uptrend nor in a downtrend but rather trading in a wide band, identified by Daan Crypto Trades as lying between $60,000 and $80,000, with the lower transaction costs coinciding with a period of price consolidation and cautious positioning.

The post Bitcoin Transaction Fees Hit Lowest Level Since 2017: But It’s Not Due to Weak Demand appeared first on CryptoPotato.

Ripple made the headlines again following important announcements about the stablecoin RLUSD and the signing of strategic deals.

XRP’s price remains suppressed amid the overall bear market, but recent whale activity suggests a revival might be knocking on the door.

The Latest Collaboration

Earlier this week, Ripple shook hands with Convera, a leading fintech company specializing in cross-border payments and foreign exchange services. The main goal of the collaboration is to offer crypto-enabled payment and treasury solutions for businesses. Speaking on the matter was Convera’s CEO, Patrick Gauthier:

“Ripple is a clear leader in the crypto space and a natural fit for Convera. We look forward to continued success and growth as we roll out these capabilities to customers near and far.”

According to the official announcement, the partnership builds on the “stablecoin sandwich” settlement model, where Convera will orchestrate the end-to-end payment experience, while Ripple will provide the underlying infrastructure for liquidity, on/off-ramping, and cross-border settlement.

Apart from the new deal, Ripple Prime has expanded its Hyperliquid integration to HIP-3 products. Mike Higgins revealed that the development will enable institutional-grade access to on-chain perps on traditional assets such as gold, silver, and oil.

Furthermore, Ripple just announced the launch of Digital Asset Accounts and Unified Treasury – two products aimed at allowing corporations to manage fiat and cryptocurrencies side by side in a single system. This should eliminate the necessity of manual reconciliation processes or the usage of separate platforms.

RLUSD’s Progress

Ripple’s stablecoin, pegged 1:1 to the US dollar, often makes the front pages. Just hours ago, Coinone (one of the biggest crypto exchanges in South Korea) opened trading services for the asset directly in KRW. Other well-known platforms that have listed RLUSD over the past several months include Binance, Kraken, Bybit, Gemini, and more.

The product officially saw the light of day at the end of 2024, and at one point this year, its market capitalization exceeded $1.5 billion. The figure currently stands at around $1.23 billion following some major burnings. X user Vet disclosed that Gemini recently redeemed (via burning) 128 million RLUSD on the XRP Ledger with Ripple.

“This means they requested the liquidity back that they used to mint RLUSD with Ripple, by burning RLUSD,” the analyst explained.

XRP Price and Whales

As of this writing, Ripple’s native token is worth approximately $1.35, representing a 10% decline over the past two weeks. And while the bear market may further suppress the valuation in the short term, the recent actions of the large investors suggest a rally may also be on the way.

As CryptoPotato reported, these market participants have acquired 190 million tokens in the last week. Prior to that, X user CW revealed that retail investors have lost interest in XRP, but whales have increased their exposure.

“This is a very ideal situation. Retail investors’ interest has cooled, and whales are quietly accumulating,” the analyst claimed.

The post Ripple (XRP) News Today: April 1 appeared first on CryptoPotato.