Crypto News

CoinShares reports a worsening Bitcoin mining profitability crisis. In its March 2025 analysis, up to 20% of Bitcoin mining rigs may be operating at a loss as hash price falls to roughly $28–$30/PH/s—far below 2021 peak levels (>$100/PH/s). This implies about 15%–20% of the global fleet is below break-even, with electricity cost now the decisive factor. After the April 2024 halving (block rewards down 50%), miner revenue is under pressure while network hash rate rises. CoinShares highlights that mid-generation hardware such as the Antminer S19 XP can turn negative cash flow when power costs are around or above ~$0.05/kWh; higher-cost regions (>~$0.08/kWh) face sharper stress. Lower-cost areas may keep only thin margins. The report also flags “miner capitulation” signals, including consecutive difficulty downs and hash ribbon weakness (short-term hash rate slipping below long-term), similar to past shakeouts. Some miners are pivoting toward AI and high-performance computing (AI & HPC) data-center services to bridge cash strain. Traders should watch for continued Bitcoin selling pressure from financially stressed operators in the short term, even as consolidation could improve network resilience later.

Bitcoin (BTC) slipped below the $66,000 psychological level, trading around $65,863 on Binance USDT perpetuals. The breakdown accelerated during Asian and early European sessions after BTC failed to hold the $68,000 resistance zone, turning prior supports into a fresh downside trigger. Macro conditions are adding pressure. A stronger U.S. Dollar Index (DXY) and shifting interest-rate expectations have driven risk-off sentiment. Pre-market weakness in the S&P 500 suggested broader cross-asset selling. On-chain and derivatives data reinforce a bearish near-term setup for BTC. Coin-days destroyed rose, new address creation dipped slightly, and exchange net flows turned positive—often a sign that spot selling risk may increase. Coinglass cited more than $200M in liquidated long positions over the prior 24 hours, while options activity increased for puts below $65,000. Traders are now focused on key levels and positioning: $65,000 as the immediate support, then $64,000 and $62,000 if selling continues. Funding rates and major moving averages (50-day/200-day EMAs) are likely to guide the next move. BTC spot ETF flows are also crucial—persistent outflows can extend the drawdown, while dips met with continued inflows could signal stabilization. BTC weakness has spilled into ETH, SOL, and ADA, underscoring BTC’s market-bellwether role.

Ethereum (ETH) is trading near $2,000 after a modest rebound, with the market still range-bound as buyers defend support but sellers remain active. ETH was about $2,018 as of March 30 (+24h), reflecting a short-term decision point. Traders are watching the $2,050–$2,100 resistance zone where sell orders have repeatedly surfaced. If ETH fails to break and gets rejected again, the downside risk increases toward $1,950–$1,900, with a potential deeper retest toward sub-$1,800 support if weakness extends. On the upside, a sustained move above $2,050–$2,100 could flip momentum bullish and open a rally toward roughly $2,150. Broader resistance levels remain higher at ~$2,180–$2,220 and $2,350–$2,400. Chain activity points to accumulation: large wallets reportedly added 466,000+ ETH in recent days, which may help stabilize price but does not guarantee an immediate breakout. Longer-term framing also references a “Power of Three” (PO3) cycle (accumulation → manipulation → expansion), implying the larger downtrend may not be fully finished and a deeper dip could still occur before recovery. Net: ETH remains locked between ~$2,000 support and ~$2,100 resistance, so liquidity-driven volatility is likely until a clear breakout or breakdown occurs.

Kalshi has received approval to launch margin trading for professional clients, a significant upgrade for regulated prediction markets. The platform says the new margin trading feature lets selected institutional users (e.g., hedge funds and prop shops) open positions with less capital, improving capital efficiency versus the prior fully-collateralized model. Kalshi plans a staged rollout. New products may start with margin trading first, while core event contracts could remain fully collateralized at launch to manage risk during testing. While margin trading is standard in traditional finance, it remains relatively new in regulated prediction markets. Regulatory approval is still in progress. Kalshi has secured Futures Commission Merchant status, but rulebook changes require Commodity Futures Trading Commission (CFTC) approval before margin trading can go live. CEO Tarek Mansour said approval could arrive soon, and the firm expects tighter identity checks for margin users due to insider-trading concerns. The update also comes as prediction market activity accelerates and funding grows. Kalshi cites sector expansion (The Block: March share of crypto spot volume rose to 2.47% from 0.11% a year earlier) and reported major funding (about $1B), arguing margin trading could further boost liquidity and attract more institutional participation.

A reported Bitcoin heist in Scottsdale, Arizona ended with the arrest of two teens, Jackson Sullivan (17) and Skylar LaPaille (16). Prosecutors said a couple believed to hold about $66M in Bitcoin was targeted in a violent home invasion on Jan. 30-31. Authorities said an unidentified caller known as “Red” directed the robbery in real time, with the teens receiving instructions via the encrypted app Signal. They were reportedly given $1,000 beforehand for supplies and traveled roughly 600 miles from California to the Windrose Drive home, disguising themselves as delivery workers with a fake package and dolly. Once inside, victims were restrained with duct tape and beaten repeatedly while attackers demanded cryptocurrency wallet access. Police arrived during the attack. The suspects fled with stolen plates, at one point driving the wrong way into oncoming traffic. They were arrested shortly after 11:30 a.m. on Jan. 31. Investigators recovered duct tape, zip ties, an unloaded 3D-printed firearm, and a burner phone at the scene. Both teens face nine felony charges including aggravated assault, kidnapping, and second-degree burglary. In court, defense lawyers claimed manipulation and raised an extortion argument. An FBI spokesperson said the agency is aware of the case but not currently involved. “Red” remains uncharged and at large. At the time of reporting, BTCUSD was around $66,735. For traders, this Bitcoin heist underscores ongoing physical and operational risks around publicly known crypto wealth, but the incident is unlikely to move BTC on its own given it appears isolated and not tied to protocol or major market structure.

Ripple says it is using AI security to fortify the XRP Ledger (XRPL) with proactive, continuous testing. Ripple states XRPL has run without interruption since 2012, processing 100M+ ledgers and 3B+ transactions—now with a stronger focus on finding weaknesses earlier. Key changes include AI-assisted scanning on every XRPL code submission (every pull request), an AI-guided adversarial “red team” to simulate attacker behavior, plus more audits and an expanded bug bounty program. Ripple also plans XRPL hardening and codebase modernization to address structural issues and tighten protocol amendment standards. The next XRPL release is “fixes, not features,” aimed at reliability rather than new functionality. For traders, this is more about long-term institutional readiness than an immediate catalyst. If AI-augmented security and ongoing hardening improve confidence in XRPL’s robustness, it could support adoption narratives and liquidity demand over time, but the article provides no price targets or near-term timeline. Primary keywords: XRP Ledger, AI security. Secondary keywords: red-team testing, bug bounty, institutional adoption, hardening, audits.

Goldman Sachs analysts said BTC and broader crypto “may have bottomed,” citing stabilization, improving liquidity, and easing forced-selling/liquidation pressure. The bank stopped short of a fully bullish call, describing the move as “volatile but flattish” and expecting roughly three months of consolidation—similar to historical bottoming patterns. BTC is down about 45%–46% from its ~$126,000 October 2025 peak, trading in the ~$66,000–$71,000 zone (CoinGecko ~66,686; +0.42% 24h in the latest snapshot). On-chain, short-term holder (STH) inflows into Binance fell to around 25,000 BTC (near multi-year lows), a pattern that often coincides with the end of panic selling as a BTC bottom forms. Goldman also pointed to crypto equity valuations (HOOD, FIGR, COIN) but warned that declining trading volumes could trim 2026 revenue by ~2% and profits by ~4%, with low-volume periods typically lasting about three months. For traders, the key takeaway is a BTC bottom thesis supported by weakening forced selling and exchange-inflow stress—yet the near-term setup still favors chop/consolidation rather than an immediate breakout.

A new outlook suggests Cosmos (ATOM) could see value growth from expanding interoperability and interchain DeFi, with IBC already linking 50+ chains. The analysis builds ATOM price scenarios for 2026–2030 using historical volatility, on-chain activity, and adoption trends. Key drivers for ATOM include Interchain Security, where smaller chains can lease security from the Cosmos Hub, supporting steadier staking demand. It also highlights Cosmos SDK-driven chain adoption and governance utility, since ATOM holders vote on treasury spending, fee parameters, and key upgrades. Tokenomics matter too: inflation and staking rewards could change if proposals move toward more deflationary dynamics. Price ranges are presented by scenario: 2026 (conservative $35–$50; base $50–$80; optimistic $80–$120), 2027 (base $70–$110; optimistic $110–$160), and 2030 (conservative $90–$150; base $150–$220; optimistic $220–$300+). The ~ $300+ outcome would require broad interchain application adoption, strong value capture, and a supportive macro backdrop. Risks include competition from DOT ecosystems and alternative interoperability designs, potential IBC technical vulnerabilities, and “hub irrelevance” if application chains bypass the Cosmos Hub and fail to accrue value to ATOM. For traders, the core takeaway is that ATOM valuation is increasingly tied to real interchain usage and staking demand—not just broad BTC sentiment.

US Senator Cynthia Lummis defended the CLARITY Act as “the strongest protection” for DeFi and non-custodial software developers. The bill faces pushback from crypto lawyer Jake Chervinsky, who argues that Title 3’s “money transmitter” wording could still expose non-custodial builders to Bank Secrecy Act (BSA) and KYC-related compliance risk, undermining the Blockchain Regulatory Certainty Act (BRCA) intent. Lummis says bipartisan revisions to Title 3 should close the gaps, but the latest negotiated text has reportedly not been fully released publicly, limiting independent verification. The urgency is reinforced by the August 2025 conviction of Tornado Cash co-founder Roman Storm for conspiracy charges tied to an unlicensed money-transmitting business. With bipartisan momentum also building on stablecoin-related reward provisions, the CLARITY Act is moving toward a Senate Banking Committee markup expected in April. For traders, the key impact is likely regulatory path-dependence—how “money transmitter” scope is ultimately defined—rather than immediate price moves in the DeFi market.

Shiba Inu (SHIB) is showing early rebound signs after a long run of monthly losses. Since Aug 2025, SHIB recorded consecutive declines, with the sharpest drops in Oct–Dec 2025. In March 2026, SHIB has posted modest gains vs its month open and is trading around $0.000005767, raising the odds of ending the losing streak. On-chain metrics point to improving sentiment for SHIB. Wallet addresses have surpassed 1.55M, and about 78% of holders have kept SHIB for over a year, suggesting longer-term accumulation. At the same time, exchange reserves are falling, which may reduce immediate sell pressure. Technicals support the rebound setup. SHIB has shown price/RSI divergence (weaker selling momentum) and is holding a key support near $0.0000050. If that level stays defended, analysts see potential upside toward $0.00000725, with a more optimistic stretch toward the 200-day moving average near $0.00000864. Additional tailwinds include whale accumulation and burn activity. A large ETH holder reportedly bought over 120B SHIB across multiple transactions, while token burn continues to increase. Overall, the article frames SHIB as transitioning from drawdowns to a more stable recovery phase, but demand and broader market conditions still matter.

Intercontinental Exchange (ICE), the parent of the NYSE, has completed a new $600 million direct cash investment in crypto prediction market platform Polymarket. The funding is linked to an equity fundraising round, and ICE also expects to buy up to $40 million in Polymarket securities from existing holders. This follows an earlier $1 billion ICE investment completed in October 2025. Together, ICE’s total commitment to Polymarket reaches $1.6 billion, reinforcing institutional validation for prediction markets. However, regulatory risk remains a live issue for Polymarket. Although it received CFTC approval in 2025, Polymarket is still banned from offering event contracts in parts of the US following state-level legal actions. The platform has also faced insider-trading scrutiny. To improve market integrity, Polymarket updated its “Market Integrity” rules, explicitly prohibiting trading based on stolen or confidential information that breaches a duty of trust or confidence. For crypto traders, the ICE inflow looks supportive for sentiment around prediction markets, but ongoing enforcement and market-structure uncertainty can trigger headline-driven volatility.

Prediction market platform P2P.me disclosed that it opened Polymarket positions about whether its fundraising would hit $6M. The trades were placed about 10 days before the raise went live, using funds from a foundation account labeled “P2P Team.” This Polymarket insider trading row centers on disclosure timing and potential conflict-of-interest concerns, though P2P.me argues the result was genuinely uncertain at the time. P2P.me said it had only an oral $3M commitment from Multicoin Capital, with no signed term sheets and no guaranteed allocations. The raise ultimately closed at $5.2M (below target). Even so, the team still made money on the Polymarket bet: $20,500 returned $35,212 (net ~$14,700). The company says all proceeds will go to its MetaDAO treasury and that it’s liquidating open positions. After the on-chain activity was criticized, P2P.me apologized and called the lack of upfront disclosure “a mistake we own.” The episode comes as U.S. lawmakers push tighter rules, including the PREDICT Act aimed at banning lawmakers and senior officials from trading on prediction markets, alongside broader political insider-trading legislation. Polymarket also announced a partnership with Palantir to build manipulation-detection surveillance.

Shiba Inu (SHIB) is facing renewed sell-off pressure as exchange netflows reportedly turned positive, meaning more SHIB is moving into exchange wallets than leaving them. CryptoQuant data cited in the report points to an exchange netflow gap of roughly 39B SHIB, while price weakness remains consistent with the bearish flow picture. The article also highlights weaker supporting signals. Whale activity is described as subdued, with daily whale transactions said to be in single digits, far below the prior Dec 2025 level. Exchange supply is not reaching the Sep 2025 high, and whale-held supply is said to be steady—suggesting a sudden, large-scale sell event may not have fully started. On Shibarium, transaction activity is volatile and described as weakening, with many recent contract calls involving zero-dollar activity. SHIB token burns are also down sharply (about -66% in 24 hours to ~2.7M SHIB). Technically, SHIB failed to break resistance near the apex of a descending triangle, adding to short-term downside risk. For traders, the key trigger is whether SHIB exchange inflows stay elevated into the next session; persistence often pressures rebounds and can extend downside if market sentiment remains fragile.

The European Central Bank (ECB) warns that DeFi governance is still highly centralized, which could weaken “decentralization” claims and increase regulatory pressure under the EU’s MiCA framework. In an ECB working paper reviewing Aave, MakerDAO, Uniswap, and Ampleforth, the study found that the top 100 addresses control over 80% of governance tokens. The paper also flags an “anonymous voter” problem: around one-third of voting keys cannot be clearly identified, while delegate-driven voting can dominate outcomes. It further notes token holdings tied to protocol teams and early investors, and potential opacity when centralized exchanges hold user tokens. Cross-protocol power dominance is highlighted too—where the same entities may influence multiple platforms. For traders, the key implication is that DeFi governance concentration and governance opacity may translate into near-term legal and market uncertainty, with potential longer-term structural changes for DeFi. If platforms cannot meet MiCA’s “fully decentralized” exemption, they may need licensing and face stricter capital and consumer-protection requirements. Overall, DeFi governance is the central risk narrative in both the findings and the likely regulatory response.

ONDO is rebounding despite weaker broader markets, jumping about +5% intraday to around $0.262. The move is tied to a stronger institutional catalyst: Ondo Finance and Franklin Templeton confirmed they will tokenize five Franklin Templeton ETFs on the Ondo Global Markets platform. The tokenized ETFs target investors across multiple non‑US regions and include on-chain use cases such as DeFi collateral and financial-services infrastructure. Franklin Templeton’s AUM is cited at about $1.7T. Traders are also watching ONDO’s technical picture. Support is forming near $0.26, where the 20-day and 50-day SMAs converge around $0.2604, with heavier 24-hour volume (~$185M). However, momentum is mixed: daily RSI is ~52.8 (not overextended), daily MACD still shows a sell signal, and ADX is neutral, pointing to limited trend conviction. A bullish path would hold above $0.26 and push toward resistance near $0.293; a base case looks like range trading between $0.26 and $0.293; losing $0.26 raises the risk of a drawdown toward about $0.2062 by month-end. The article also mentions LiquidChain (LIQUID), a Layer 3 liquidity infrastructure project running a presale and aiming for unified liquidity across BTC/ETH/SOL ecosystems.

CoinDesk 20 is trading at 1,912.59, down 2.4% (-47.98) since Thursday’s 4 p.m. ET close, with broad weakness across the index. Nineteen of 20 constituents fell, turning the tape into a momentum-negative signal for the CoinDesk 20 complex. Bitcoin Cash (BCH) was the only gainer, rising 0.8%. On the downside, AAVE dropped 3.2% and APT fell 4.6%, while CRO slipped 0.7% and most other tokens declined. Traders are watching AAVE as a key drag: when AAVE underperforms during a near-universal selloff, it can intensify short-term downside pressure and lift volatility around related DeFi risk assets. This kind of CoinDesk 20 performance update also helps gauge whether any dip is likely to be bought. If laggards like AAVE keep widening losses, declines can cascade; if BCH and other outperformers hold, downside may stabilize.

The Ethereum Foundation launched pq.ethereum.org, a public hub for its post-quantum cryptography roadmap, EIPs, and code repositories. The Ethereum L1 quantum upgrade plan aims to complete core Layer 1 protocol changes by 2029, with full execution-layer migration expected to take additional years. At the consensus layer, Ethereum plans to move away from today’s BLS validator signatures toward hash-based, quantum-resistant schemes such as XMSS, with a “leanSig” approach for smaller signatures and zk-friendly aggregation. On the execution layer, account abstraction is designed to enable a gradual rollout of quantum-safe authentication without a disruptive flag-day switch. The Foundation also says 10+ client teams are already running weekly post-quantum interoperability devnets through the PQ Interop program to keep implementations compatible. For traders, this is a long-horizon governance and engineering catalyst. The Ethereum L1 quantum upgrade narrative may support longer-term security confidence, but near-term price impact is likely limited by the multi-year timeline and ongoing implementation risk.

ARK Invest said it will integrate Kalshi prediction market data into its investment process to improve macro research and risk signals. The firm plans to use Kalshi’s real-time probability-weighted contracts to gauge market expectations, monitor business KPI outcomes, and support hedging decisions as probabilities update with each trade. Kalshi CEO Tarek Mansour confirmed the collaboration and noted that some contracts are already live, including non-farm payrolls and deficit-to-GDP markets, plus business KPI themes tied to trading activity, regulatory approvals, and technology milestones. ARK CEO Cathie Wood and research director Nick Grous are central to the effort. The latest reporting also highlights ARK’s plan to add more contracts covering macroeconomic and scientific milestones aligned with its genomics, energy transition, and AI themes. For traders, this is a signal that Kalshi prediction markets are moving toward institutional decision support, which could strengthen confidence and liquidity in regulated event markets over time, even if it is not a direct crypto token catalyst.

ASTER is trading around $0.6695 (+0.84%) with an overall downtrend and weak demand. The 24h volume is about $48.66M, below the 7-day average (~$65M), signaling cautious sentiment. Volume Profile shows “fair value” near $0.66 and highlights a key support cushion at $0.6562 (95/100), where buyers appear to defend as price stabilizes below EMA20 (~$0.69). RSI is near the low-40s (~41), while MACD stays bearish with a negative histogram. Traders should watch $0.6848 (70/100) for upside confirmation. Any rise that reaches resistance without volume expansion risks a “trap rally.” Higher targets sit around $0.725–$0.766, but the base case remains a retest of $0.6562 unless momentum improves. BTC correlation (~0.85%) remains a key driver: a BTC rebound could lift ASTER toward resistance; continued weakness keeps support testing in focus.

ETC is trading around $8.20 and remains trapped under a daily downtrend. The latest ETC technical read shows weakening downside momentum: RSI is near neutral (~44.7) and the MACD histogram suggests bullish divergence. However, the broader bias is still cautious because price stays below key EMAs, including the 20-day EMA near ~$8.44. Key levels for ETC: strongest support sits around $7.87, with a near-term base near $8.14. A breakdown below $8.14—and especially $7.87—could trigger a fast move toward ~$7.15. On the upside, resistance is close to ~$8.21, with the next upside target near ~$8.46; a higher reference resistance is around the Supertrend level near ~$9.50. Risk/reward outlook: downside risk dominates unless ETC can reclaim ~$8.46 with stronger volume. The article also notes high correlation between ETC and BTC (~0.85+). If BTC breaks down, ETC likely faces renewed pressure; if BTC reclaims resistance, ETC could improve toward the ~$9.50 area. Traders’ focus: monitor support breaks (especially $8.14 and $7.87), manage leverage carefully, and use BTC direction and volume confirmation to avoid getting trapped in volatility.

US lawmakers have introduced a new bipartisan bill to curb prediction market insider trading by officials and tighten compliance rules for Financial Prediction Market contracts. The proposal, the “2026 Financial Prediction Market Public Integrity Act,” was announced by Todd Young, Elissa Slotkin, John Curtis, and Adam Schiff. It warns that event-linked prediction markets can blur the line between gambling and finance, creating opportunities for insider trading. Key points for market watchers: - Who is covered: the President, Vice President, and members of Congress, plus certain political appointees and employees at executive or independent regulators. - What counts as insider information: non-public information a “reasonable investor” would find important for trading. - Reporting trigger: officials betting more than $250 must report within 30 days to the ethics office, including contract name, size/price, date and time, position, trading platform, and profit/loss. - Penalties: the greater of $500 or double the profit from the prediction market contract. The bill is the second push this week, following an earlier “PREDICT Act” that targets political-event and policy-decision-linked contracts. Platforms such as Kalshi and Polymarket are also strengthening internal controls to deter insider activity. For crypto traders, the main effect is regulatory headline risk around prediction markets and possible compliance pressure. It may shift attention toward governance and market structure rather than directly changing spot token demand.

Twenty One Capital, founded by Jack Mallers, has become the second-largest listed BTC treasury holder with 43,514 BTC (over $2.9B at the time of writing). The ranking shift follows MARA’s March 2026 sell-off of 15,133 BTC (about $1.1B), pushing MARA down to third. Strategy remains the largest listed holder with 762,099 BTC. Twenty One Capital completed its NYSE listing (ticker XXI) after a business combination with SPAC Cantor Equity Partners. Its shares are also down more than 25% year-to-date in 2026. Analysts warn that “debt-funded” BTC treasury models can force low-price liquidation in downturns: leverage may help in bull markets, but debt service can trigger BTC sales at losses. The note contrasts this with Strategy’s “permanent digital credit” approach, using BTC as collateral to keep financing further acquisitions. Broader market stress—crypto weakness since Oct 2025 and falling equity prices—has encouraged “capitulation” BTC selling among some miners and treasury-linked firms, with expectations of further mNAV compression and tighter financing conditions.

On-chain data for **SHIB** shows improving wallet participation, even though price momentum remains limited. SHIB holders have reached **1,558,200**, with roughly **+8,500 new wallets over the past month** (reported monthly additions ~5,000–12,000). Supply concentration is still high: the **top 10 SHIB wallets hold 62.65%** of circulating supply, including a **burn wallet with 410T+ SHIB (~41%)**. Exchange-linked balances identified via Etherscan are concentrated among **UPbit, Robinhood, Binance, Crypto.com, Bithumb, and OKX**. Investor behavior shifts toward retention. Long-term holders (1+ year) rose to about **78%**, while **SHIB exchange reserves fell to ~80.9T**, suggesting tokens are moving off exchanges and may reduce near-term sell pressure. Separately, burn activity remains active, with **~410T SHIB removed from circulation** and a reported **burn-rate jump (~633% in an hour)**. For traders: this is a constructive **SHIB** narrative (wallet growth + lower exchange supply + high long-term hold ratio), but the articles also note that **SHIB price action has not yet confirmed clear upside momentum**.

Circle’s stock (CRCL) plunged about 20% in its worst day as a public company after a new CLARITY Act draft raised fears that “passive yield” on stablecoin balances could be banned. Traders focused on the fact that ~95.5% of Circle’s revenue is linked to interest generated from USDC reserves. Any change to stablecoin yield rules or reserve-income mechanics was treated as an existential margin risk, and the move dragged Coinbase (COIN) shares down roughly 11% in sympathy. A new angle from Bernstein suggests investors may be conflating Circle’s “issuer” role with a separate “distributor” function. The firm argues the CLARITY Act may not eliminate USDC reserve interest itself, but could change who is allowed to collect that yield—so the selloff could be mispriced. For crypto traders, the near-term setup is clear: CLARITY Act headline risk is likely to keep volatility elevated around USDC-related economics and stablecoin-adjacent equities, even if the final policy details later prove less damaging than feared.

Bittensor (TAO) has risen about 140% over six weeks, extending strength after a 105% move since March 8 and reaching roughly the 26th-largest crypto by market cap. Social activity is near record highs across X, Reddit and Telegram, but TAO sentiment looks unusually balanced (around 1.5 positive comments for every 1 negative), implying retail is not chasing the rally at typical altcoin-frenzy levels. The move is linked to renewed attention on decentralized AI. Bittensor runs a subnet-based AI marketplace where models compete and earn rewards based on performance, making compute and model outputs “tradable” via the TAO token. An analyst also points to ongoing ecosystem progress in Subnet 3 “Templar,” including the completion of Covenant-72B (described as a major decentralized large-language-model pretraining run), supporting the bullish narrative. For traders, the key question is whether TAO can hold above prior breakout resistance and consolidate rather than simply extend vertically. With only about 19% of TAO currently deployed in subnets (with much supply inactive), there is potential upside if on-chain utilization accelerates alongside the hype cycle—though crowd behavior so far suggests less immediate froth.

Bernstein analysts say Bitcoin (BTC) has likely bottomed after a sharp selloff that pushed the market low near $60,000, far below the prior cycle peak above $126,000. In a Tuesday client note, they reiterated a year-end BTC target of $150,000, framing the prolonged drawdown as a sentiment reset rather than a systemic break. The latest update connects the selloff to renewed macro and geopolitical pressure, including risk-off conditions tied to a hawkish Fed nomination theme and ETF outflows during the decline. The article also points to state-level selling and geopolitical headlines as volatility triggers, including claims about Trump’s push to end the US–Iran war within weeks and Bhutan selling over 519 BTC for about $36.7M. For traders, the case for BTC stabilization near $60k rests on three catalysts: (1) continued corporate accumulation via Strategy (Michael Saylor’s BTC treasury strategy/MSTR), reported at ~3.6% of total BTC supply and additional March buys; (2) sustained BTC ETF demand, with inflows described as coming from wealth managers, pension funds, sovereign entities and other institutions; and (3) strong long-term holder behavior, with about 60% of BTC supply inactive in wallets for over a year. If these ETF flow and spot-demand signals persist, BTC upside could accelerate toward Bernstein’s $150,000 year-end scenario.

T-REX Network has partnered with Zama to integrate Fully Homomorphic Encryption (FHE) into the T-REX Ledger, positioning Zama as the default confidentiality layer for RWA tokenization on public blockchains. The update targets institutional blockchain use cases by enabling confidential smart contracts that can compute on encrypted data without decrypting it—aimed at reducing exposure of investor data, portfolio positions, and trading strategies. The announcement ties the confidential layer to the ERC-3643-linked infrastructure and cites that ERC-3643 can secure roughly $32B of tokenized assets. It also highlights a growth commitment from Apex Group to adopt the T-REX Ledger as default infrastructure, with a stated target of $100B in tokenized assets by June 2027 (other figures in the articles reference a $100B-scale goal by 2027). Traders’ takeaway: this is another push to make onchain RWA tokenization more compliant and interoperable by default, narrowing the usual privacy-versus-interoperability trade-off. While the news is primarily infrastructure-focused (and not a specific token launch), it can influence sentiment around regulated onchain finance narratives tied to confidentiality and RWA adoption.

Ripple has joined Singapore’s MAS BLOOM sandbox to test RLUSD stablecoin settlement for trade finance. In this MAS BLOOM pilot, the Monetary Authority of Singapore trials new settlement assets for cross-border commerce using RLUSD issued on the XRP Ledger. The setup—built with supply-chain fintech Unloq—can automate payment release when predefined conditions are met, such as verified cargo delivery. The goal is to reduce reliance on parts of traditional workflows like letters of credit and manual settlement steps. MAS and Ripple target faster settlement cycles (moving from days or weeks toward near-instant processing) and projected cost reductions of up to 40%. However, these figures are sandbox-phase objectives, not confirmed post-pilot outcomes. For traders, MAS BLOOM is a real-world, regulated use-case signal for stablecoin rails on the XRP Ledger. Expect limited short-term price impact, but the pilot could improve medium-term sentiment around XRP Ledger stablecoin payment adoption.

The US “Clarity Act” is again drawing opposition in the Senate, with Coinbase saying it cannot support the bill’s current wording, especially proposed caps on stablecoin rewards for holders. The Clarity Act would tighten rules around dollar-pegged stablecoins, limiting rewards that can function like interest paid on stablecoin balances. Banking groups helped push the Clarity Act after warning that high stablecoin yields could divert money away from bank savings, weakening deposits and lending. Coinbase and CEO Brian Armstrong argue the restrictions could curb innovation and tilt advantage toward banks, while Armstrong has said Americans should be able to earn competitive returns on digital money. Market reaction has been negative after reward-limit headlines. Coinbase shares reportedly fell about 10% in a day and Circle’s stock dropped nearly 20%, with traders focused on whether smaller loyalty or activity rewards would still be allowed versus large “interest-style” payments being constrained. Lawmakers are expected to revisit the Clarity Act after the Easter break in April 2026, with a markup session likely to follow. For traders, the key risk is that the Clarity Act moves from draft debate toward enforceable constraints on stablecoin incentive economics, which could affect demand for stablecoin balances and the broader digital payments outlook in the US.