Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Strategy (Michael Saylor) reportedly skipped its usual Sunday “Orange Dot” post and did not publish the typical weekly Bitcoin accumulation update for the first time since late December. Traders are waiting for a Monday 8-K filing to confirm whether Bitcoin accumulation truly paused or whether purchases continued privately. During the prior streak, Strategy added about 90,831 BTC, taking holdings to 762,099 BTC at an average acquisition price near $75,694 per BTC. This Sunday, Saylor shifted attention to $STRC, noting lower volatility than the S&P 500 and an 11.5% dividend yield. The company is also increasing reliance on preferred-share funding, including a $42B at-the-market (ATM) program split between MSTR common stock and STRC, plus additional STRK preferred capacity. BTC is trading around $66,389, roughly half below its 2025 October high, so market focus is on whether this is a real change in Bitcoin accumulation pace or mainly a communication shift while preferred funding ramps.

Dogecoin (DOGE) is holding above the $0.090 support after slipping toward $0.085, the lowest level since March 27. Since Feb 5, DOGE has generally remained above $0.085, but it is trading below key moving averages on the 4-hour chart, keeping upside capped. Traders are watching $0.10 next. A break and close above $0.10 resistance could revive upward attempts. If price fails to clear $0.10, the Doji candlestick signals indecision and the market is more likely to continue range trading. Key levels cited: resistance at $0.12 and $0.13, and support at $0.10 and $0.090. Extended lower wicks suggest buying interest near the lows. Near term, consolidation just above $0.090 may tilt upward only if support holds; otherwise, the bearish scenario points to a move toward $0.085. This is technical analysis, not investment advice.

Bitfinex BTC leveraged longs jumped to around 79,343 BTC, the highest level since November 2023, signaling heavier margin leverage. Traders warn that crowded BTC longs can quickly unwind if price fails to break resistance. With Bitcoin stuck in a narrow range and spot demand lacking momentum, even small pullbacks may trigger forced liquidations, amplifying downside. The latest coverage also cites weaker on-chain activity (declining active addresses), suggesting that a structural recovery likely needs both better price action and renewed network activity. Overall, the BTC long buildup is treated as a caution signal: higher leverage can raise short-term volatility and increase odds of a corrective move if the breakout does not materialize.

Arkham Intelligence monitoring shows Bhutan is continuing Bitcoin sales in 2026 from government-linked wallets. On March 27, about $8.5M worth of Bitcoin left major holding addresses and moved to a fresh address, consistent with staged distribution rather than one-off transfers. Since the start of the year, Arkham estimates roughly $159M has flowed out from holding addresses, while only about $39M has returned. That implies around $120M net Bitcoin outflow to public market participants, likely including exchanges and trading firms such as QCP Capital. The report also highlights episodic Bitcoin sales since Sept 2025, with larger clips ($5M–$10M) and a cited sale of around 3,500 BTC in mid-to-late September 2025. More recently, outbound volumes have risen and Bhutan holdings have fallen by about 1,700 BTC since year-start. Traders will also watch whether Bhutan is exiting Bitcoin mining: flagged holding wallets have reportedly seen limited inflows over a year, but mining proceeds could move to new unlinked wallets, so confirmation is incomplete. Bitcoin trades around ~$66,770 in the article context. The key signal for traders is the ongoing net Bitcoin selling from state-linked wallets—typically a headwind for short-term sentiment.

Bitfinex Bitcoin longs have climbed to 79,193 BTC—the highest since Nov 2023—while BTC price action remains weak. Adam Back (Blockstream CEO) calls the build-up “unprecedented” and says the pattern looks like concentrated TWAP-style accumulation. Back estimates leveraged buying is focused on BTC below $69,000, absorbing available supply during the correction. He pegs the pace at 300+ BTC per day (about $20M daily at current prices), and says the activity has been developing since late 2020. For traders, the key risk is liquidity tightening: sustained Bitfinex margin longs accumulation could thin visible market depth and make BTC more reactive to positive catalysts. While some market participants still flag bearish exhaustion on the weekly chart, this data point supports the debate that larger flows may be rotating from weaker holders into longer-term positioning.

XRP stayed near $1.33 over the past 24 hours, but recovery attempts failed as futures leverage climbed and the $1.35–$1.36 breakout did not hold. Price briefly tested the resistance zone, then heavy selling pushed XRP back to $1.33 despite a sharp rise in trading volume. Futures open interest and funding rates increased quickly, suggesting traders built bullish positions. However, long liquidations also rose, pointing to fragile sentiment and worsening risk conditions. The technical picture turned cautious, with lower highs forming after each rejection, indicating momentum is weakening. Key levels for XRP trading are $1.33 support and $1.30 as the next downside magnet if it breaks. A bullish reversal would require XRP to reclaim and hold above $1.35–$1.36 to reduce liquidation pressure. Overall, higher leverage plus stalled price action often precedes sudden volatility after a sideways range.

Aave governance is roiling the DeFi lending ecosystem, with key developer teams stepping away amid factional disputes led by Aave Labs founder Stani Kulechov. The latest issue is how Aave governance should channel “interface fees” and front-end revenue back to the DAO treasury. In late 2025, Aave Labs proposed “Aave Will Win,” arguing that income from Aave-branded products should flow to the DAO. DAO groups pushed back, fearing weaker strategic control and blurred lines between governance and contributor incentives. In March, the Aave Chain Initiative (ACI) shut down after clashes, and BGD Labs—an engineering team behind Aave v3—also exited. Separately, Aave v4 is nearing launch after nearly two years of development, aiming for more modular architecture, broader asset support, and improved capital efficiency. However, traders are likely to weigh the v4 catalyst against ongoing Aave governance uncertainty and the risk of further contributor churn. For AAVE, this is a mixed setup: any delays or perceived loss of decentralization could pressure sentiment short term, while successful v4 execution may revive expectations for growth and new integrations.

Hyperliquid’s onchain commodity trading is accelerating as traders look for 24/7 access to macro exposure. In HIP-3 macro perpetuals, it reported around $5.4B in perpetual futures volume: silver ~$1.3B, WTI crude ~$1.2B, Brent ~$940M, and gold ~$558M. Activity also extends beyond commodities, with equity index participation reported (e.g., Nasdaq and S&P 500). The update highlights a key edge: weekend market access. Traditional venues often close, but onchain markets can price and trade through the gap. Hyperliquid’s chief investment officer (Theo/Iggy Ioppe) said weekend oil futures volume has moved above $1B per day and that participants are no longer only “crypto-native.” This could make onchain commodity trading a faster price-discovery layer during off-hours when geopolitical and macro headlines hit. Still, execution limits remain. Liquidity and market depth are thinner onchain than in TradFi, with TradFi typically offering deeper order books, tighter spreads, and better execution for larger orders. Analysts cited early-stage issues in price aggregation and market structure. Net: onchain commodity trading looks set to grow, but near-term impact on broader crypto markets is likely neutral while TradFi retains most liquidity.

On-chain data links an F2Pool-linked wallet to a large transfer: 9,000 ETH (about $17.86M) moved from Binance to Aave. The deposit was made immediately, suggesting the wallet aims for DeFi yield rather than keeping assets idle on the exchange. Aave is a decentralized lending protocol where users supply assets to earn interest and borrow against collateral. After the 9,000 ETH move, the wallet reportedly holds ~79,818 ETH (around $158.72M). The article also notes broader exchange outflows: another tracked entity withdrew 9,976 ETH from Binance within roughly two hours and split it across three wallets—potentially reducing public order-book impact while accumulating positions. Institutional/investor flows add mixed context. BlackRock reportedly transferred 68,568 ETH and 612 BTC to Coinbase Prime, while early Ethereum participants took profits. For traders, the key takeaway is that this 9,000 ETH from Binance to Aave flow may reduce near-term sell pressure via exchange withdrawals, but profit-taking could offset it. Watch whether exchange outflows continue and how quickly DeFi deposits translate into sustained market stability.

Turkey’s parliament has withdrawn a controversial crypto tax plan from a major economic bill after strong opposition in the legislature. The session was chaired by Deputy Speaker Celal Adan, and lawmakers agreed to scrap the rules before the formal debate began. The removed Turkey crypto tax framework included a 0.3% transaction tax on digital-asset sales and transfers processed by Turkish crypto service providers. It also proposed withholding-style taxation on crypto earnings, including an approach that could treat transfers to personal (self-custody) wallets as taxable events. Opposition lawmakers and industry stakeholders said the Turkey crypto tax package was too rigid and hard to administer, arguing wallet-transfer taxation is unusual and could reduce real-world crypto use in Turkey. They also warned that overly strict domestic rules may push users toward offshore platforms where taxes are based on declarations. Traders should note that while the crypto tax lines are shelved for now, the bill still contains other fiscal measures, and Turkish officials could revisit a revised framework later. In the short term, this reduces regulatory downside risk for crypto activity; in the long run, uncertainty remains until a new, more workable proposal is released.

Crypto-backed mortgage has triggered controversy after Better Home and Finance partnered with Coinbase to launch the first product accepted by Fannie Mae. Under the crypto-backed mortgage structure, borrowers take a traditional primary mortgage plus a secondary loan backed by crypto collateral held on Coinbase Prime. The collateral is locked and cannot be traded until repayment. The pitch is that buyers can purchase without selling BTC or USDC, potentially avoiding capital gains tax and keeping upside exposure. But economist Peter Schiff called the setup a dangerous trap, arguing it effectively increases leverage and raises interest costs by paying interest on both the main loan and the crypto-backed mortgage “second loan.” He also criticized pledging USDC as down-payment collateral instead of cash, saying stablecoins have no appreciation upside to justify the added borrowing. For crypto traders, the adoption narrative may support demand for BTC and USDC as mortgage collateral, but Schiff’s default-risk framing could add tail-risk sensitivity if housing payments tighten during crypto volatility. Net effect is likely more sentiment-driven price action than fundamentals tied directly to repayment economics.

Solana (SOL) is trading near $83, about 77% below its all-time high. Traders are watching $80 as the near-term support. A two-week setup places SOL around the 0.618 Fibonacci level, while a wider accumulation zone is cited at $75–$45. Momentum looks weak. The 14-day RSI is around 40.83 (below the ~51 average), suggesting buyers lack control but the market is not deeply oversold. Daily MACD remains slightly negative (MACD ~-0.65 vs signal ~-0.70), implying limited upside strength. Derivatives data adds risk. Long-short ratios on Binance and OKX are above 3, meaning positioning is still crowded on the long side. Yet liquidations show longs being hit: about $945k liquidated on the 1-hour window (nearly all long), and over $1.04M on the 4-hour window (mostly longs). This setup can make breakouts prone to long squeezes if support fails. Social sentiment appears to have flipped. Posts that once promoted targets above $250 are now quiet below $80, reinforcing a “speculation reset” narrative. Upside levels mentioned by the article—$500 and $1,000—remain unconfirmed and depend on SOL holding the support area and rebuilding momentum.

Pi Network announced a mandatory Pi Mainnet Protocol 21.2 upgrade for all mainnet node operators, with the Pi Network Protocol 21.2 deadline set for April 6, 2026. Nodes that miss the upgrade risk disconnecting from the Pi mainnet. The Pi Network Protocol 21.2 upgrade targets higher node performance and improved network stability to support more traffic and faster, safer transactions. It also lays groundwork for core ecosystem functions, including Pi DEX and on-chain swaps between PiUSD and ecosystem tokens. The Core Team says this is preparation for Protocol 23.0 planned for May, which is expected to expand capabilities with smart contracts and DeFi features. For traders, the key issue is near-term operational risk: successful completion may reduce connectivity interruptions and support ecosystem growth, while missed upgrades could trigger node-level shocks and short-term sentiment pressure. Meanwhile, PI trades around $0.174, still about 78% below its all-time high, so upgrade-driven headlines may influence volatility around the deadline.

Coin Center says the Trump administration takes a “lenient in words, but prosecuting in reality” approach to crypto privacy developers. Even after government signals it would avoid targeting creators of privacy tools, U.S. DOJ enforcement actions have continued. The report points to cases involving crypto privacy tools tied to Bitcoin and Ethereum. Ethereum developer Roman Storm faces efforts to restart remaining charges after partial outcomes. Meanwhile, a U.S. judge dismissed a developer’s lawsuit because the government claimed there was no “credible threat.” Coin Center argues this undermines developers’ ability to obtain binding legal clarity. For traders, this crypto privacy enforcement uncertainty is likely indirect but market-relevant. It can raise regulatory risk premia and headline-driven volatility in privacy-adjacent narratives, affecting sentiment around exchanges, on-chain activity assumptions, and broader compliance expectations. Keep an eye on any further DOJ filings and legal rulings tied to crypto privacy tooling.

Robert Kiyosaki says a broader economic downturn and a potential “biggest crash” could come in 2026, but he is positioning around “real assets” rather than traditional finance. Speaking on X on March 27, he urged investors to avoid assets he says are “printed” by governments, banks, or Wall Street, and cited references such as Edgar Cayce and Nostradamus. Kiyosaki’s long-running plan rejects S&P 500 stocks, U.S. bonds, mutual funds, and ETFs. Instead, he targets assets he believes can’t be created at will, including oil, real estate, silver, and crypto—especially Bitcoin (and Ethereum). New detail: in late 2025 he disclosed selling about $2.25M worth of Bitcoin in November, around $90,000 per BTC, after earlier buying near $6,000. He said the proceeds funded cash flow and other businesses, not a full exit from crypto. In this week’s posts, he then signaled a return to accumulation ahead of a possible 2026 crash, claiming he is buying Bitcoin rather than selling and still holds his initial BTC. For crypto traders: the mix of selective Bitcoin selling for liquidity and a stated shift back to Bitcoin accumulation may keep retail sentiment anchored to a “buy the dip” narrative, which could cushion downside in the near term—though the crash framing remains a risk for volatility.

ETH broke below $2,000 and was last quoted near $1,997.12 on OKX data, a 1.48% intraday drop. The focus is the key psychological and technical support at $2,000. If ETH fails to reclaim the level quickly, traders may shift from range trading to a momentum-driven view, increasing the risk of further downside and higher volatility. For ETH traders, the break can quickly influence derivatives positioning. A level like ETH $2,000 may trigger stop-loss activity and amplify volatility, especially if leveraged longs were crowded near support. Traders will likely watch whether ETH holds below or snaps back above $2,000 on rising volume to judge whether this becomes a trend or just a one-day stop-run. No other crypto projects were specifically mentioned in the market update. This is market information only, not investment advice.

Binance OTC volume has jumped sharply, signalling stronger institutional demand for deep crypto liquidity and discreet execution. Binance CEO Richard Teng said the Binance OTC desk reached 25% of last year’s total OTC volume within the first two months of 2026, driven by larger block trades and structured deals. The flow mix also shifted. Reports noted “crypto buying from fiat and stablecoins” accelerating materially, with stablecoins and fiat inflows rising alongside demand. A $105M WBETH-to-ETH conversion was completed in about two hours, suggesting OTC execution can reduce slippage and limit visible order-book impact. On price action, institutional analysis linked client activity to Bitcoin’s interaction with the ~$60,000 area in early February and rising questions about whether a cycle low formed. Two supportive factors were highlighted for downside stability: increased institutional spot BTC inflows and a technical consolidation range around $55,000–$69,000 following spot Bitcoin ETF launches in early 2024. The takeaway for traders is that Binance OTC is becoming a more important venue for large positioning, which may dampen short-term volatility while institutions accumulate near key BTC support.

Shiba Inu (SHIB) is trading under a bearish technical setup after a 1-hour “death cross” formed as the 50 MA dropped below the 200 MA. The move coincides with risk-off market conditions, including around $441M in crypto liquidations overnight and a broader sell-off. The timing also aligns with BTC and ETH options expiry, described as the year’s largest expiry by open interest (about $14B in BTC options). Traders de-risked around expiry, while flows out of crypto ETFs added extra caution. SHIB has slid for three straight days from March 25, with a small rebound near $0.00000571. Traders are now watching 1-hour levels: $0.00000571 as near-term support, and resistance around the 50 MA (with the 200 MA near $0.00000596). A sustained break back above the 50 MA could help target the 200 MA, but losing $0.00000571 would keep downside pressure high. Overall, the Shiba Inu death cross narrative remains dominant: any bounce is likely fragile while liquidation-driven volatility and ETF-related caution persist.

The UK Foreign, Commonwealth and Development Office (FCDO) has imposed UK sanctions on Xinbi, a Chinese-language crypto marketplace accused of powering Southeast Asia’s large-scale fraud. Chainalysis estimates Xinbi processed about $19.9–$20B in crypto flows from 2021 to 2025. Traders should note that the UK sanctions focus on the “escrow/guarantee rails” that enable scam payments, not only individual scammers. Xinbi is described as a peer-to-peer guarantee marketplace, mainly operating via Telegram, with escrow protections used to move criminal funds. Xinbi is linked to services such as stolen data sales, money-laundering tools, scam software, and even satellite internet equipment used to contact victims. The report also connects Xinbi to related illegal escrow/guarantee services including Huione and Tudou. As enforcement pressure increased in 2025—when Telegram removed Xinbi channels—the network reportedly migrated to new channels and kept its website accessible. The on-chain activity reportedly did not drop materially. The latest reporting also ties FCDO action beyond Xinbi, including sanctions on Legend Innovation (a Cambodia scam compound) and two individuals associated with Prince Group: Thet Li and Hu Xiaowei. Market relevance: for traders, this is a compliance signal that regulators may increasingly target fraud marketplaces’ infrastructure. Near-term price impact on major coins is expected to be limited, but the risk of more targeted takedowns and higher exchange compliance scrutiny may rise.

Ripple CEO Brad Garlinghouse says the proposed US Digital Asset Market Structure CLARITY Act would provide “regulatory clarity” without forcing Ripple to change its core model. The main effect is to reduce legal uncertainty that has kept US banks and institutions cautious about crypto compliance. Garlinghouse argues the CLARITY Act could enable institutional adoption at scale by codifying rules, allowing banks to integrate blockchain payments with more confidence. He ties this shift to Ripple’s cross-border payments stack, including XRP-based liquidity and faster settlement. The article also frames upside for XRP beyond payments. It claims the XRP Ledger (XRPL) is positioned for institutional tokenization use cases such as real-world asset (RWA) tokenization and stable-value assets—areas where legal certainty can accelerate capital deployment. For traders, the headline is a potential policy-driven expansion of the addressable crypto market: clearer rules could pull traditional finance into tokenization, liquidity management, and payment workflows. (Informational only; not financial advice.)

Shiba Inu (SHIB) futures open interest dropped about 26% from 12T SHIB to ~8.87T SHIB as SHIB price slid 2.18% to around $0.00000577 over the past 24 hours. CoinGlass data shows SHIB futures trading has cooled after last week’s surge. The 24-hour open interest change is effectively flat, implying traders are not adding new leverage and are more likely holding or unwinding risk. For traders, the combination of falling SHIB futures open interest and a red price move points to consolidation near key levels rather than an immediate breakout. If SHIB open interest stabilizes or rises while price holds, conviction could return. If SHIB open interest continues to fall as price weakens, downside pressure becomes more likely.

AI-driven automation is increasingly targeting short-lived price gaps in crypto and prediction markets. The article says AI trading agents can scan hundreds of correlated markets within seconds and execute near-instant algorithmic arbitrage trades. Rodrigo Coelho of Edge & Node argues the effective window between new information and price impact is shrinking, pushing opportunities out of reach for slower participants. A cited academic study on Polymarket reports frequent pricing mismatches, with potential profits estimated at about $40 million. Still, AI-driven automation does not remove all risk: rising taker fees and delays tied to contract finality can shorten how long arbitrage remains reliable. The piece also highlights a debate on market impact. Coelho warns that well-capitalized actors can already move prices in illiquid markets, and more capable autonomous agents could amplify manipulation dynamics. It further notes that higher autonomy today increases the need for oversight and “guardrails.” For traders, the key shift is that AI-driven automation may compress inefficiencies faster, intensifying competition around execution speed, tooling, and transaction cost management—especially as prediction-market volumes rise around major political events like the 2024 U.S. election.

Bitwise research says Bitcoin has already absorbed the impact of tighter monetary policy, while equities look more vulnerable to fresh macro shocks. The catalyst is energy volatility: tensions around the Strait of Hormuz have lifted oil and natural gas, strengthening inflation expectations and pushing markets to trim Federal Reserve rate-cut bets. On rate-cut pricing, odds shifted away from near certainty. The probability of no rate reduction in 2026 has risen to about 40%. Bitcoin is down roughly 23.7% year-to-date and slipped below $70,000, but Bitwise argues this selloff reflects earlier risk repricing rather than a late reaction to the latest energy-driven data. Key signals traders may watch: the Mayer Multiple has remained in the lower end of its historical range since January, suggesting a valuation reset in crypto. Bitcoin’s dominance has also tightened market structure, with higher correlation across altcoins—consistent with a more single-factor, BTC-led environment. Trading takeaway: if macro shocks continue to pressure liquidity expectations, Bitcoin’s earlier valuation compression could help limit leverage-driven downside versus stocks in the short run.

Goldman Sachs said Bitcoin’s recent selloff is starting to resemble historical cycle behavior, suggesting the BTC move may be approaching the typical peak-to-trough range. In the latest pullback, Bitcoin is around $66,000, down about 40% from the October peak, as risk appetite weakened amid global uncertainty. The bank’s key warning is trading volume. Goldman said persistently low liquidity can keep price rebounds fragile and may pressure crypto-industry revenue, with knock-on effects for profitability across crypto-linked firms. It also cautioned that low activity periods often coincide with higher volatility, raising the odds of wider swings in both directions. Despite the risk, Goldman maintained “buy” stances for Coinbase and Robinhood, citing improving valuation support. For traders, the near-term checklist is clear: confirm a Bitcoin “bottom” with price holding current levels, and look for volume/l liquidity recovery to validate whether any rebound can sustain.

Bitcoin broke below $66,000 on March 27 as a broader risk-asset sell-off hit crypto and equities. The catalyst was a combined inflation-and-energy shock. After the Strait of Hormuz was closed, oil-supply fears intensified, feeding back into US inflation concerns. Bitcoin is down about 13% from its March 17 local peak to roughly $65,500, putting it on track for a potential sixth straight negative month by the March close. Rate expectations flipped fast. US Treasury yields rose, and CME FedWatch data shows pricing shifted from rate-cut hopes toward a possible rate-hike path. Traders discussed an “emergency” tightening scenario as inflation expectations climbed, creating a stagflation-like backdrop that weighs on risk sentiment. Technically, Bitcoin faces a near-term test. The $70,000–$72,000 zone flipped to resistance after a broken ascending trendline and lower highs. Traders are watching the $64,000–$65,000 demand band; a sustained break would likely extend downside. Reclaiming $70,000 is seen as the key trigger for renewed buyer momentum. Derivatives positioning also suggests elevated month-end risk, with CoinGlass data pointing to Bitcoin’s first six consecutive monthly losing prints since the 2018 bear market. For crypto traders, this is a macro-led setup: Bitcoin is trading more like a risk asset than an inflation hedge, at least for now.

Detroit has joined Michigan in the federal case over Coinbase prediction markets. The lawsuit (Coinbase Financial Markets, Inc. v. Nessel) is in the U.S. District Court for the Eastern District of Michigan and targets the key jurisdiction question: should Coinbase prediction markets be regulated under federal commodities law (CFTC) or treated as state-regulated gambling? Coinbase filed the suit on Dec. 18, 2025. On March 26, the court allowed Detroit to submit an amicus curiae brief by April 3, 2026. This is a procedural step, not a final ruling, so any claims that Detroit has already filed may be misleading. The city’s push appears tied to local gaming economics. Michigan regulators reported Detroit’s three commercial casinos generated $100.6M in February 2026 revenue, with $13.4M paid to the city via wagering taxes and municipal services fees. Officials may view prediction-market expansion outside Michigan’s gambling framework as a threat to a tax-linked regulated system. For crypto traders, the update highlights continuing regulatory jurisdiction risk around Coinbase prediction markets. In the short term, market-moving effects are limited because the latest development is briefing permission rather than a substantive court decision.

South Korean investor Kim Geo-seok donated 100,000 XRP (about $145,000) to Seoul National University Hospital on March 26, the hospital’s second crypto donation from him after a 1 BTC gift last November. The article links the move to South Korea’s 2025 legalization of crypto donations to nonprofits and says Kim has framed XRP as a “gold standard” for impact giving. Reported XRP donations to the hospital total over 1.27 billion won and are intended to support medical services and community programs. The report also cites other crypto-linked social efforts, including a CZ-backed Giggle Academy that raised $1.3 million in crypto for free global education, and supporters of Ross Ulbricht who contributed over $270,000 in crypto for reintegration support. For traders, the key takeaway is narrative and visibility support for XRP as a legitimacy and social-impact use case. It is not presented as a protocol, regulatory, or supply-changing catalyst, so any market effect is expected to be sentiment-led rather than fundamentals-driven.

The US lawmakers Max Miller and Steven Horsford have released a discussion draft of the “Digital Asset PARITY Act,” proposing federal crypto tax reforms through amendments to the Internal Revenue Code. Key changes focus on stablecoins first. Under the Digital Asset PARITY Act, certain gains on dollar-pegged stablecoins may be excluded from recognition when the investor’s cost basis changes by no more than 1% of 0.01 (based on the peg). The draft also prevents transaction costs for acquiring or transferring regulated dollar-pegged stablecoins from being added to investors’ cost basis. It further proposes a de minimis-style exemption for small stablecoin activity: transactions under $200 would not trigger tax or reporting, though the annual exemption cap is not set yet. For trading strategies beyond stablecoins, the Digital Asset PARITY Act draft would require annual gross-income inclusion for “passive” validator-related income (including lending, staking, and validator services), valued at fair market value—potentially creating tax liability even without selling. The draft is not yet introduced in Congress and is seeking stakeholder input. Industry reaction is mixed: Digital Chamber’s Cody Carbone argues the clarity could help “onshore” crypto activity, while critics like Pierre Rochard say the approach is too stablecoin-specific and misses Bitcoin (BTC). For traders, this signals possible rule changes that could affect stablecoin usage, staking income planning, and tax-exposure management in the US.

PI token is sliding as traders brace for the Protocol 21 upgrade deadline. Price is below $0.175, down about 13% on the week and more than 3% in the past day, erasing much of the post-Kraken announcement rally where PI briefly neared $0.30. The Pi Network core team says the mainnet upgrade to Protocol 21 has a required completion deadline of April 6. Mainnet nodes are asked to finish the upgrade step before the cutoff to stay connected to the network. The move comes after a mid-March spike tied to Kraken listing expectations. Once the listing became official, the market flipped to a sell-the-news reaction and PI fell back under $0.20. Token unlocks may add pressure. PiScan estimates average daily unlocks of about 7M PI over the next month, with several days above 10M PI. For traders, the key risks are PI token execution uncertainty into April 6 and unlock-driven supply that can weigh on order books even if upgrade headlines stabilize sentiment.