Market Signal Briefing

Many investors focus on picking winners and losers in real time. In many cases, it's more optimal to simply buy a portfolio of high-quality companies and let long-term compounding do its thing.

And you don't need 20 different ETFs to do it either. There are a lot of funds out there that are diversified among hundreds, if not thousands, of stocks and come with razor-thin expense ratios. These ETFs often make for great core portfolio holdings that can be bought and held forever.

Because of their diverse holdings, they're built to withstand a wide range of market environments. Funds that target a specific sector or style can remain out of favor for years, even as the broader market rises. Dividend stocks are a good example. So is healthcare, or really pretty much any equity category that wasn't tech over the past few years.

All-weather ETFs aren't terribly exciting. But when conditions start to turn rough, as they are right now with the war in Iran, these funds demonstrate their value quickly. It doesn't necessarily mean that they won't lose money, but they're likely to mitigate some of the volatility that can happen in those environments.

If you've got $2,000 (or even less) sitting in cash in your portfolio waiting to be put to work, take a look at four of my favorite all-weather ETFs. They're great for long-term buy-and-hold, as a core foundational piece, or just to provide a little security in tough times.

Image source: Getty Images.

Vanguard Total Stock Market ETF The Vanguard Total Stock Market ETF (VTI 1.72%) is the best example of simply owning the market. For core portfolio positions, many investors will choose the Vanguard S&P 500 ETF. That's certainly a defensible option, and it makes a lot of sense to own the biggest U.S. companies.

I prefer owning the total U.S. market, which means adding smaller companies to a large-cap portfolio. That diversification hasn't mattered much over the past few years when mega-cap tech was almost single-handedly driving the major averages higher. But 2026 has been a good reminder that this doesn't always happen. The Vanguard Total Stock Market ETF allocates about 25% of its assets to mid- and small-cap stocks. That's enough to provide some overall risk mitigation while capturing additional long-term growth potential.

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Invesco Nasdaq 100 ETF The Invesco Nasdaq 100 ETF (QQQM 2.38%), along with its sister fund, the Invesco QQQ ETF, has been one of the market's best-performing funds. The bull market in tech stocks and the artificial intelligence (AI) boom have played big roles in that. But the technological revolution feels like it's still in the early innings.

There's some risk to owning a fund that's so heavily weighted in one sector, especially one designated as an all-weather portfolio. But there's no denying that tech is one of the biggest drivers of the U.S. economy. Its ability to generate consistent revenue and earnings growth makes it a sector that can weather different economic environments.

Schwab U.S. Dividend Equity ETF The Schwab U.S. Dividend Equity ETF (SCHD +0.26%) is a great all-weather portfolio because it's full of durable, financially healthy companies that generate lots of cash flow, and the portfolio doesn't look anything like the S&P 500.

The fund's selection process targets companies that have paid dividends for years, have the balance sheet health to maintain those dividend payments, and pay above-average yields. Its top three sector holdings are energy (20%), consumer staples (19%), and healthcare (16%). These are areas of the market that should have steady demand regardless of the economic environment. That makes the Schwab U.S. Dividend Equity ETF a fund built to ride out the highs and lows.

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Vanguard Total World Stock ETF The Vanguard Total World Stock ETF (VT 1.96%) is a great fund that adds international equity exposure to the total U.S. market. Since international economies can often look very different from the U.S., they offer a unique perspective and economic cycles that pair well with the S&P 500.

The Vanguard Total World Stock ETF is roughly 60% U.S. stocks, 30% developed-market stocks, and 10% emerging-market stocks. If that's a little too much international exposure for your liking, you can use a combination of the Vanguard Total Stock Market ETF and the Vanguard Total International Stock ETF to tailor your own personal asset allocation.

David Dierking has positions in Invesco NASDAQ 100 ETF, Vanguard Total International Stock ETF, and Vanguard Total Stock Market ETF. The Motley Fool has positions in and recommends Vanguard S&P 500 ETF, Vanguard Total International Stock ETF, and Vanguard Total Stock Market ETF. The Motley Fool has a disclosure policy.

TORONTO, ON / ACCESS Newswire / March 27, 2026 / Sintana Energy Inc. (TSX-V:SEI)(AIM:SEI)(OTCQX:SEUSF) ("Sintana" or the "Company") announces that it has received a notice of exercise in respect of stock options over 800,000 common shares of no-par value each in the Company ("Common Shares"). The options are being exercised by Mr. Sean Austin, the Company's co-secretary and treasurer. Following the exercise of the options, Mr. Austin will hold a total of 6,925,000 shares in the Company, or 1.35% of the Company's total issued shares. The options were exercisable at a price of $0.11 per share, and Mr. Austin has paid CAD$88,000 to the Company in respect of the exercise.

Total Voting Rights

Application has been made for admission to trading on the TSX Venture Exchange and AIM of a total of 800,000 new Common Shares of no-par value ("Admission"). Admission is expected on or about 31 March 2026. On Admission, the new Common Shares will rank pari passu with the Company's existing Common Shares. Following Admission, the Company's issued share capital will consist of 514,156,240 Common Shares, with each Common Share carrying the right to one vote. The Company does not hold any Common Shares in treasury.

This figure of 514,156,240 Common Shares may therefore be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Sintana Energy Inc
Robert Bose, Chief Executive Officer
Eytan Uliel, President

Tel: +44 (0)7 747 845 987

Zeus - Nomad and Joint Broker
Antonio Bossi / Darshan Patel / George Duxberry
Simon Johnson (Broking)

Tel: +44 (0) 20 3829 5000

Cavendish Capital Markets Limited - Joint Broker
Neil McDonald / Derrick Lee / Pearl Kellie

Tel: +44 (0) 20 3493 8000

Jonathan Paterson - Investor Relations
[email protected]

Tel: +1 475 477 9401

CAMARCO - Financial PR
Billy Clegg / Georgia Edmonds / Sam Morris

Tel: +44 (0) 20 3757 4980

About Sintana Energy

Sintana Energy is an Atlantic Margin-focused oil and gas company, holding interests in a diverse portfolio of high-impact assets that spans the Southern Atlantic conjugate margin. The Company's current portfolio is strategically positioned in the emerging frontier geographies of Namibia, Uruguay and Angola, with additional legacy assets in Colombia and The Bahamas. Led by an experienced team, Sintana Energy is partnered with major industry players, and benefits from significant carry support, on key licenses across multiple jurisdictions. Sintana Energy is listed on the TSX-V in Canada under the symbol "SEI", in the United Kingdom on the LSE-AIM under the symbol "SEI" and in the U.S. on the OTCQX under the symbol "SEUSF".

For further information, please visit sintanaenergy.com

Forward-Looking Statements

The information provided in this announcement contains certain forward-looking statements and information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to assumptions, risks and uncertainties, many of which are beyond the control of Sintana. Forward-looking statements are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expect", "plan", "anticipate", "believe", "intend", "maintain", "continue to", "pursue", "design", "result in", "sustain" "estimate", "potential", "growth", "near-term", "long-term", "forecast", "contingent" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. The forward-looking statements contained in this announcement speak only as of the date hereof and are expressly qualified by this cautionary statement.

Forward-looking statements are based upon, among other things, factors, expectations and assumptions that Sintana has made as at the date of this announcement regarding, among other things, the receipt of all applicable regulatory approvals and the anticipated schedule for receipt of funds pursuant to the Settlement Agreement.

Undue reliance should not be placed on the forward-looking statements because no assurance can be given that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These risks include, but are not limited to, the ability of Sintana to receive all necessary regulatory approvals and third party satisfaction of all conditions of the Settlement Agreement.

Except as may be required by applicable securities laws, Sintana does not assume any obligation or intent to update publicly or revise any forward-looking statements made herein, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Sintana Energy Inc.

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SummaryNebius Group advances with strategic partnerships, notably a $2B Nvidia investment and a $12B Meta contract, strengthening its growth trajectory.NBIS raises $4.6B via convertible notes but faces ongoing capital needs, with total estimated raises reaching $20.5B to support expansion.Despite high CapEx and dilution risk, the company targets substantial EBITDA margin improvement and expects strong operating cash flow inflection by 2027.The 2027 price target adjusted for dilution is $186.74 (76% upside), but further capital raises could limit upside to 10% if terms mirror recent notes.Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » IR_Stone/iStock via Getty Images

In February, I covered Nebius Group (NBIS) with a buy rating. Since then, shares of the data center company have advanced 11.1% against a 5.7% decline for the S&P 500. The company brokered some key deals with Meta (

23.36K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Foreign investors are on track to pull a record $12 billion from Indian equities this March as the Iran war disrupts oil and gas supplies, squeezing the economy and stoking fears of a growth slowdown.

With just two trading days left in the month, foreign portfolio investors have already pulled out 1.12 trillion rupees ($12.1 billion) — likely marking the worst monthly selloff, surpassing the previous record of 940 billion rupees in October 2024, according to data from depository firm NSDL.

"Large FII outflows in March 2026 are linked to the conflict in the Middle East," said Peeyush Mittal, portfolio manager at Matthews Asia — FII refers to foreign institutional investors. "The longer the conflict persists, the deeper the negative impact on India's economic growth," he added in an email to CNBC.

Growth worriesHSBC's flash Purchasing Managers' Index released Tuesday showed India's private‑sector activity in March slowing to its weakest level since October 2022, as softer domestic demand outweighed the strongest rise in international orders.

Companies surveyed cited the Middle East conflict, unstable market conditions, and intensifying inflationary pressures as factors weighing on growth. Cost inflation is now near a four‑year high.

As the world's third‑largest oil importer and second‑largest liquefied petroleum gas consumer, India is grappling with rising energy costs and panic‑buying amid tightening supplies due to the closure of the Strait of Hormuz.

If oil settles at $85-$95 a barrel after the war, that could lead to incremental outflows of $40 billion to $50 billion — more than 1% of India's GDP — according to Renaissance Investment Managers CEO and Chief Investment Officer Pankaj Murarka, speaking to CNBC's "Inside India" on Friday.

This could trim India's economic growth to 6.5% from from 7.2%, he said.

India is "one of the most vulnerable [countries] to higher oil prices" as its net oil imports amount to 3.5% of GDP, said Hanna Luchnikava-Schorsch, head of Asia-Pacific Economics at S&P Global Market Intelligence. She added that "sustained higher oil prices" could keep the rupee under pressure, in an email to CNBC.

India's finance minister Nirmal Sitharaman said the country has cut the special excise on petrol and diesel for domestic consumption by 10 rupees per litre each, in a post on X on Friday.

Hardeep Singh Puri, India's minister for petroleum and natural gas, in a Friday post on X said that the government will take "huge hit" on taxation revenues to fund the losses faced by oil companies.

An increase in India's energy bill and slowdown in remittances from the Middle East are projected to widen India's current account deficits and fiscal deficit, Luchnikava-Schorsch said, warning that "capital outflows are likely to intensify due to global "risk-off' sentiment and investors' concerns over India's economic growth.

Weak rupee meets 'risk-off' sentimentOver the past month, the benchmark Nifty 50 has fallen about 7.4%, while the rupee has weakened sharply against the dollar, touching new lows. Despite regular interventions by the Reserve Bank of India, experts said that the currency is likely to remain under pressure as energy markets remain disrupted.

"The Indian equity market's performance is tied to oil prices, which depend on Middle East geopolitics," said Saion Mukherjee, head of equity research at Nomura, in an email to CNBC. He noted that India's one‑year forward earnings multiple of 17.5 times compares well with the 16.9 times recorded at the onset of the Russia‑Ukraine conflict in early 2022.

Still, analysts warn that attractive valuations alone may not lure foreign investors back soon. The deepening impact of the Middle East conflict on the economy and a weaker rupee remain significant headwinds.

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"We don't think the decline in valuations is compelling enough to draw foreign investors in the near term," said Daniel Grosvenor, director of equity strategy at Oxford Economics, citing geopolitical uncertainty and elevated global risk premia in an email to CNBC.

The allocations data for Asia and APAC funds (excluding Japan) in February, compiled by Nomura, showed that more funds have turned underweight on India — 68% as compared to 63% in the prior month.

The global brokerage described India as "one of the biggest" underweights, in a March 23 report.

The company's logo is seen at a building of Swiss drugmaker Novartis in Rotkreuz, Switzerland, January 29, 2020. REUTERS/Arnd Wiegmann/File Photo Purchase Licensing Rights, opens new tab

March 27 (Reuters) - Swiss pharma company Novartis (NOVN.S), opens new tab said on Friday ​it will acquire California-based ‌biotech company Excellergy in a deal worth up ​to $2 billion.

Under the agreement, ​Novartis said it would ⁠pay up to $2 billion ​in upfront and milestone ​payments. The transaction is expected to close in the second ​half of 2026, ​subject to customary conditions, including regulatory ‌approvals.

Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.

The ⁠transaction will strengthen Novartis' presence in the market of immunology in food ​allergy, ​the ⁠company said.

The deal comes after Novartis announced ​last week its ​acquisition ⁠of a breast cancer drug candidate for up ⁠to $3 ​billion from U.S. ​biotech firm Synnovation Therapeutics.

Reporting by Maria ​Rugamer Editing by Dave Graham

Our Standards: The Thomson Reuters Trust Principles., opens new tab

TFI International is one of North America's largest transportation and logistics businesses operating across Canada, the US, and Mexico through 3 main segments: less-than-truckload, truckload, and logistics. The business generates more than 70% of its revenue from the United States, which gives it exposure to the largest freight market on the continent. The latest developments confirm two things: business conditions remain soft, but management is still pulling the right levers.

TORONTO, March 27, 2026 (GLOBE NEWSWIRE) -- Following the showcase at CES, DDPAI is taking a significant step in expanding into the North American market with its launch on Amazon Canada. To give an introduction, we are a dashcam brand committed to enriching the mobility experience with clarity, stability, and smart protection. You may not have heard of us before, but our products are created to provide practical solutions for daily driving and vehicle safety, all at an accessible price.

Nowadays, dashcams are becoming increasingly essential for Canadian drivers. The country’s vast geography can lead to frequent long-distance travel. Moreover, the winter season there lasts for months, with snow and ice making roads more challenging. Under these circumstances, dashcams can improve driving confidence by providing smart assistance, while also offering emergency recording as evidence to determine responsibility in the event of accidents.

By launching on Amazon Canada, DDPAI makes it easier for local consumers to access our products through a trusted platform, backed by efficient logistics, secure payment, and convenient customer service. Meanwhile, all of our models sold in Canada comply with local regulations, including ISED certification, giving you peace of mind behind the wheel. With these advantages, finding the suitable dashcam becomes very simple.

If you are looking for a dashcam with great value for money, the DDPAI Z50 Pro combines all the essential features you need at a relatively affordable price.

Featuring a 4K front and a 1080P rear camera, Z50 Pro delivers detailed image day and night, enhanced by the NightVIS 2.0 with AI ISP, ensuring objects like road signs or license plates can be captured clearly whether driving into the sun during daytime or monitoring your car in a dimly lit parking lot.

Furthermore, it is equipped with a supercapacitor designed to handle extreme heat and cold, providing short-term backup power to ensure safe recording during sudden power loss, which is especially useful in Canada’s long and harsh winters.

In addition, Z50 Pro features 24/7 Parking Monitoring with time-lapse recording and collision detection modes to capture any suspicious activity such as theft or scratches. Also, its IPS power management system intelligently monitors vehicle voltage to prevent battery drain, ensuring reliable operation during long parking periods.

Meanwhile, powered by Wi-Fi 6 technology with transfer speeds of up to 13MB/s, Z50 Pro enables you to preview, download, and share 4K videos in seconds with enhanced bandwidth and reduced interference.

Beyond these features, Z50 Pro also supports:

Built-in GPS & ADAS 2.0: Z50 Pro provides driving data including speed and routes while offering forward vehicle start alert and driver fatigue alert.Up to 512GB MicroSD Compatibility: There is ample space for continuous 4K recording and extended parking surveillance.Smart Voice Control: Simply say “Take Photo” to capture moments hands-free and it can also automatically save a 10-second video.
Similarly, if you prefer a compact and discreet design that stays hidden behind your rearview mirror, then the DDPAI N2 Dual is the perfect fit.

Equipped with a 1.9" IPS display, N2 Dual delivers 2.5K front and 1080P rear recording without blocking your view. Powered by NightVIS 2.0 with AI ISP, it captures sharp footage even in low-light conditions, whether you're driving or parked. Furthermore, It comes with 24/7 Parking Monitoring that monitors your vehicle at all times, a supercapacitor built to handle extreme temperatures, ADAS 2.0 for smarter driving assistance, up to 256GB storage for extended recording, and instant app access for quick footage review or download.

Z50 Pro - CA$149.99 after coupon, originally CA$179.99 (Buy: Amazon CA)
*Including a 128GB SD card

N2 Dual - CA$99.99 after coupon, originally CA$139.99 (Buy: Amazon CA)

*Coupon valid until March 31, 2026

For more details, visit DDPAI’s official online store and Amazon Canada store.

While exploring our products, it’s natural to wonder how a new brand can be trusted. That’s why behind every dashcam is a complete development and production process. That said, DDPAI operates a 12,000㎡ manufacturing base that integrates SMT, assembly, testing, and packaging processes into one streamlined system. Through innovative craftsmanship and strict quality control, we deliver premium dashcams for drivers worldwide while keeping refining our models based on user feedback to better meet practical needs.

About DDPAI

Founded in 2013, DDPAI has long focused on delivering crystal‑clear visual capture and intelligent vehicle support. The moments between departure and arrival shape who we are. Rather than chasing destinations, we pay attention to what happens along the way and strive to make every journey memorable.

Discover more about DDPAI at: www.ddpai.com

Or follow DDPAI on:Facebook: DDPAI North America & DDPAI Global
Instagram: DDPAI Global
X: DDPAI Global
TikTok: DDPAI Global

Contact: [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/99c2087a-f510-433b-845a-56bf20a5f0bf

https://www.globenewswire.com/NewsRoom/AttachmentNg/df4c48ed-ebef-4591-b98e-2222e40ca207

https://www.globenewswire.com/NewsRoom/AttachmentNg/df49d82a-7e0e-49e5-9300-bb5f178abdbf

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Goldman Sachs rolled out XRP-focused ETFs Friday. The bank’s crypto push comes as XRP dropped 5% this week, testing investor nerves across the board.

The Wall Street giant introduced several exchange-traded funds centered on XRP after clearing months of regulatory red tape. Goldman wants to pull in institutional money looking for crypto exposure, but the timing looks pretty rough. XRP hit $0.42 on March 23, its lowest point in weeks. Traders aren’t exactly jumping for joy right now. The regulatory mess around digital assets keeps everyone on edge, and nobody’s sure what comes next.

Market Conditions Turn Sour XRP’s been all over the place this month. The token can’t seem to find its footing, and that’s making investors nervous as hell. Goldman Sachs doesn’t care about the short-term noise though – they’re betting big on future gains.

The ETF launch hits right when XRP’s dealing with serious volatility. Some analysts think Goldman picked a terrible time to go live. “Maybe wait for things to calm down first,” said one crypto strategist who didn’t want his name used. But XRP die-hards see the dip differently. They’re calling it a buying opportunity.

Technical charts look ugly right now. Bearish patterns everywhere you look. Goldman’s still pushing forward anyway, which tells you something about their long-term confidence in XRP.

Regulatory Maze Ahead Goldman’s got to navigate a regulatory nightmare to make these ETFs work. The SEC hasn’t given full approval to all crypto financial products yet. The approval process takes forever and nobody knows what’ll happen.

The bank won’t say much about its regulatory game plan. That leaves a lot of questions hanging in the air. “We’ll share more details as things develop,” a Goldman spokesperson said. Not exactly reassuring.

Ripple CEO Brad Garlinghouse keeps defending XRP despite all the legal drama. He’s confident the token will survive the SEC lawsuit that’s been dragging on forever. The SEC claims XRP is an unregistered security, which Ripple fights tooth and nail. Analysts have drawn connections to Goldman Sachs Backs XRP ETFs With amid evolving conditions.

Ripple’s legal troubles aren’t the only headache. A March 24 report from Messari showed other blockchain platforms eating Ripple’s lunch. Ethereum and Solana are pulling developers and projects away from XRP. That’s bad news for long-term growth.

But here’s the weird part – XRP trading volume jumped to $1.5 billion over the weekend. That’s huge activity for a token that’s supposedly in trouble. Chainalysis thinks volume spikes like that usually mean big price moves are coming. Nobody knows which direction though.

Goldman doubled down on March 24, buying another $50 million worth of XRP tokens. That’s on top of whatever they already owned. The bank’s clearly betting that XRP survives its current mess and comes out stronger.

Ripple filed a new court motion March 25, trying to speed up the SEC case. Chief Legal Officer Stuart Alderoty said they want to end what he calls regulatory overreach. The company thinks it can win, but lawsuits take forever.

Market reaction stays mixed. Some investors love the Goldman backing and think XRP’s oversold. Others won’t touch it until the legal stuff gets sorted out. The crypto community’s pretty split on where XRP goes from here.

Goldman’s move could open doors for other big banks. If XRP clears its legal hurdles, expect more Wall Street firms to jump in. That would be huge for mainstream crypto adoption. This development aligns with XRP Eyes Target as Crypto, highlighting broader market trends.

The timing still looks questionable though. XRP’s down 35% from its yearly highs, and the regulatory uncertainty isn’t going anywhere soon. Goldman’s basically betting that institutional demand will overcome short-term headwinds.

Ripple keeps fighting the SEC while trying to expand globally. The company signed new partnerships in Asia and Europe, hoping to reduce its dependence on the U.S. market. That’s probably smart given how hostile American regulators have been.

Goldman’s crypto desk has been busy all year, adding Bitcoin and Ethereum products alongside the new XRP ETFs. The bank wants to be a one-stop shop for institutional crypto investing. Whether that strategy pays off depends on how the regulatory landscape shakes out.

Frequently Asked QuestionsWhat XRP ETFs did Goldman Sachs launch?Goldman Sachs launched several XRP-focused exchange-traded funds on Friday, targeting institutional investors seeking cryptocurrency exposure.

Why is XRP’s price decline concerning for the ETF launch?XRP dropped 5% this week and hit $0.42 on March 23, creating unfavorable market conditions just as Goldman’s ETFs went live.

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XRP is trading below $1.40. Weeks of consolidation have given way to renewed selling pressure. And beneath the price action, the derivatives market is telling a story the spot chart cannot.

A CryptoQuant analyst tracking Binance derivatives data has identified a deleveraging cycle of unusual magnitude: XRP’s Estimated Leverage Ratio on Binance has collapsed from 0.59 in mid-July 2025 to 0.13 today — a 78% contraction in eight months. That is not a routine position adjustment. That is a near-complete unwind of the speculative infrastructure that was built during XRP’s most aggressive trading period of the past cycle.

XRP Ledger Estimated Leverage Ratio | Source: CryptoQuant The open interest data confirms the scale of the reset. Binance XRP open interest has fallen to approximately $375 million — a fraction of the highs recorded in previous months, and a figure that reflects a derivatives market that has shed the majority of its leveraged exposure.

What that leaves behind is a market structurally different from the one that existed at the July peak. The crowded trades are gone. The forced liquidation risk has diminished. The reflexive, leverage-driven volatility that defined XRP’s most volatile sessions has lost most of its fuel.

Whether what remains is a floor or a falling knife depends entirely on what the spot market does next.

A Cleaner Market Is Not the Same as a Bullish One The analyst’s conclusion is measured and precise: the simultaneous contraction in both leverage ratio and open interest represents a broader structural reset in Binance’s XRP derivatives market — not a single metric moving in isolation, but two confirming each other in the same direction over the same period.

XRP Ledger Open Interest | Source: CryptoQuant What that reset removes is as important as what it leaves behind. A derivatives market carrying a leverage ratio of 0.59 is a market one sharp move away from a cascade of forced liquidations — positions unwinding not because holders changed their view, but because margin calls left them no choice. At 0.13, that reflexive amplification mechanism has been largely dismantled. The market is lighter, less crowded, and significantly less exposed to the kind of liquidation-driven volatility that has defined XRP’s most chaotic sessions.

The analyst frames the forward implication carefully, and the language deserves to be preserved: the market is not primed for a rally. It is primed for a move — in either direction — that will be driven by conviction rather than leverage. When the next catalyst arrives, the price response will reflect genuine demand or genuine supply, not the mechanical amplification of positions that should never have been that large.

That is what a clean setup means. It is a better starting point. It is not a destination.

The XRP Price Structure Has Not Improved XRP is trading at $1.3753, down 2.77% on the day. The session opened at $1.4145, reached a high of $1.4165 within the first hour, and has sold off consistently since — a candle that rejected immediately at the open and has found no meaningful bid. That price action, on a day that began with a test of the $1.42 area, is a statement.

XRP consolidates below the $1.40 level | Source: XRPUSDT chart on TradingView The daily chart behind it offers no comfort. XRP peaked near $3.30 in late September 2025 and has been in a continuous downtrend for six months without a single higher high. Every attempted recovery — the December consolidation near $1.90, the brief January rally to $2.40, the post-capitulation bounce from $1.15 — has been sold into. Each one was lower than the one before it.

All three moving averages are declining in sequence. The 50-day MA has crossed below the 100-day MA — confirming a death cross on the intermediate timeframe — and both are sloping sharply lower. The 200-day MA, descending from approximately $2.10, sits as the most distant and most significant overhead resistance. Price has not traded near it since January.

Today’s close threatens to break below the $1.40 support level that has contained the range since February. A daily close beneath it puts $1.15 — the February capitulation low — back on the table as the next structural reference point.

Featured image from ChatGPT, chart from TradingView.com 

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Top crypto futures traders are modestly increasing long exposure to Bitcoin (BTC) and Ethereum (ETH) while concentrating higher-risk leveraged positions in Solana (SOL), signaling a nuanced risk-on tilt that is uneven across major tokens.

Data tracking the positioning of leading futures accounts showed diverging directional bets depending on the asset and margin type, suggesting a broader reshuffle in leveraged exposure rather than a one-way surge in bullish leverage. In CoinGlass methodology, ‘top traders’ are defined as the top 20% of accounts by margin balance, a cohort often viewed as a proxy for professional or highly active market participants.

On a position-weighted basis, Bitcoin and Ethereum saw their share of USD-margined exposure rise to 49.39% and 54.11%, respectively, indicating an incremental expansion of long positioning in contracts collateralized with stablecoins. By contrast, XRP’s USD-margined share fell by 6.75 percentage points, implying comparatively stronger sell-side positioning or reduced long conviction among the same cohort.

Solana stood out as the most leveraged outlier. Its coin-margined share climbed to 77.78%, up 1.49 percentage points, underscoring a growing concentration in coin-collateralized longs—structures that can amplify gains in rallies but also accelerate liquidations if prices reverse. Dogecoin (DOGE) also showed firmer short-term bullish sentiment, with its USD-margined share rising by 3.20 percentage points.

Account-based metrics—measuring how many trader accounts hold positions rather than the size of those positions—reinforced the view that risk appetite is increasing. Bitcoin’s USD-margined account share jumped by 11.38 percentage points, the largest increase among the assets cited, while Ethereum’s climbed by 14.13 percentage points, pointing to a broader-based shift into long positioning across top accounts.

Not all signals were uniformly bullish. Dogecoin’s USD-margined account share slipped by 0.52 percentage points, a move consistent with partial profit-taking even as other indicators suggested renewed speculative interest. Solana again appeared to attract the highest-risk behavior: its coin-margined account share rose to 79.86%, up 3.05 percentage points, indicating that more top accounts are choosing coin-collateralized leverage—typically favored by traders with stronger directional conviction and higher tolerance for volatility.

The split between USD-margined and coin-margined futures provides additional context for interpreting these shifts. USD-margined contracts are often used for ‘hedging’ and short-term trading because stablecoin collateral reduces collateral volatility. Coin-margined contracts, by contrast, are more commonly associated with long-biased participants aiming to increase exposure in rising markets, since the collateral value can appreciate alongside the underlying asset.

For market watchers, the takeaway is not simply that top traders are buying, but that leverage is being redeployed selectively. Incremental long-building in Bitcoin and Ethereum suggests improving sentiment in large-cap benchmarks, while the intensified coin-margined concentration in Solana highlights pockets of elevated risk where positioning could unwind quickly if momentum fades.

These positioning trends can serve as a useful sentiment gauge, but they are not definitive signals on their own. Futures exposure may also reflect hedges against spot holdings, meaning apparent longs or shorts can sometimes be part of a broader, market-neutral structure rather than a pure directional bet.

Article Summary by TokenPost.ai

🔎 Market Interpretation

Selective risk-on, not broad-based leverage: Top futures traders are modestly adding long exposure to BTC and ETH in USD-margined contracts, while concentrating higher-risk leveraged longs in SOL via coin-margined contracts.

Large-cap sentiment improving: Position-weighted USD-margined long share rose to BTC 49.39% and ETH 54.11%, signaling incremental long-building among larger accounts.

Rotation away from XRP: XRP saw its USD-margined share drop by 6.75 percentage points, implying reduced long conviction or relatively stronger sell/hedge activity compared with peers.

Leverage clustering in SOL increases fragility: SOL coin-margined positioning climbed to 77.78% (position-weighted) and 79.86% (account share), a setup that can magnify gains in a rally but also raises liquidation risk on fast reversals.

Participation broadening in BTC/ETH: Account-based metrics show more top accounts shifting long—BTC +11.38 pp and ETH +14.13 pp in USD-margined account share—suggesting expansion beyond a few large positions.

DOGE signals mixed: USD-margined position share rose +3.20 pp (more size leaning bullish), but account share slipped -0.52 pp (fewer accounts involved), consistent with selective participation or profit-taking.

Interpretation caveat: Futures positions can be directional or part of hedged/market-neutral structures; apparent longs/shorts may offset spot holdings rather than express pure conviction.

💡 Strategic Points

Watch the leverage map, not just headline longs: Rising BTC/ETH longs can support benchmark sentiment, but outsized coin-margined leverage in SOL may dominate short-term volatility if unwound.

Risk management focus on coin-margined concentrations: Coin-collateralized leverage can trigger faster cascades because collateral value falls alongside price during drawdowns; monitor liquidation levels and funding/oi spikes around SOL.

Confirm with breadth vs size: Pair account-based (participation) and position-weighted (capital concentration) views—BTC/ETH show both improving breadth and exposure, while DOGE shows divergence.

Rotation signal: XRP’s declining USD-margined share may indicate capital rotating to assets with stronger momentum narratives (BTC/ETH benchmarks, SOL beta) rather than a market-wide increase in bullishness.

Scenario framing:

If trend continues: BTC/ETH steady long-building can underpin upside with comparatively lower liquidation sensitivity than coin-margined bets.

If momentum fades: SOL’s leveraged cluster raises the odds of a sharper retracement driven by liquidations, potentially spilling into broader alt sentiment.

Do not treat “top traders” as omniscient: The cohort reflects high-balance accounts, but positioning can change quickly; use as a sentiment gauge alongside spot flows, macro catalysts, and on-chain/derivatives metrics.

📘 Glossary

Top traders (CoinGlass): The top 20% of futures accounts by margin balance; often used as a proxy for professional/high-activity participants.

USD-margined futures: Futures collateralized with stablecoins (e.g., USDT/USDC). Collateral value is relatively stable, commonly used for hedging and short-term trading.

Coin-margined futures: Futures collateralized with the underlying coin (e.g., SOL collateral for SOL futures). Collateral value moves with price, typically more long-biased and higher risk in drawdowns.

Position-weighted share: Measures positioning by the size of positions (where capital is concentrated), not just the number of accounts.

Account-based share: Measures the percentage of accounts holding a given position type; a proxy for participation/breadth.

Long exposure: Positioning that benefits from price increases.

Leverage: Using borrowed exposure to amplify returns; increases both upside potential and liquidation risk.

Liquidation: Forced position closure when margin is insufficient, often accelerating moves during high leverage conditions.

Hedge / market-neutral structure: Using futures to offset spot or other exposures so the combined position reduces directional risk.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Pi Network Hits Second Migration Milestone Amid Rising Exchange Reserves Prefer us on Google

Over 119,000 Pioneers completed second Pi migrations, including referral rewards.Pi Network (PI) exchange reserves reached a record 472 million tokens in March 2026.Ecosystem expansion continues with Pi Launchpad on Testnet and App Studio on Mainnet.According to Pi Network, over 119,000 Pioneers have completed the second migration, transferring their additional balances and referral mining bonuses.

The milestone arrives shortly after Pi Network started gradually rolling out the second migration to Mainnet from Pi Day 2026. The team noted that this opens up a path for users to migrate more Pi to the Mainnet and deepen their participation in the network’s ecosystem.

“Second migrations required extensive technical preparations due to the complexity in computing referral bonuses, which incorporate Referral Team members’ KYC statuses and vary per mining session for each individual,” the blog read.

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Since Pi Day 2026, Pi Network has continued its gradual rollout of second migrations and referral mining bonuses.

This opens the door for Pioneers to bring additional Pi to Mainnet and further participate in the ecosystem. Note that first migrations still take priority for the…

— Pi Network (@PiCoreTeam) March 26, 2026 Meanwhile, the second migration rollout coincides with broader ecosystem developments. Pi Launchpad is now live on Testnet. Pi App Studio applications also gained Mainnet functionality on Pi Day 2026.

However, migrations also have supply implications. When Pi balances undergo a second migration, it opens the door for ecosystem use or potential trading. This may gradually add to the circulating Pi supply.

Pi Holdings on Centralzied Exchanges. Source: Data Curated by BeInCrypto from Pi ScanOn-chain data shows PI holdings on centralized exchanges have climbed steadily. Exchange reserves reached 472 million PI in March, setting a new all-time high. That figure represents a 79.5% rise from 263 million PI in March 2025.

Rising exchange reserves typically signal that holders are moving tokens onto trading platforms to sell. When the supply on exchanges grows faster than buyer demand, it puts downward pressure on prices.

This comes as PI continues to face market volatility. The altcoin currently trades near $0.18, down roughly 94% from its all-time high of $2.99 set in February 2025. 

Pi Network (PI) Price Performance. Source: BeInCrypto MarketsWith token unlocks continuing and second migrations adding to the supply, the gap between new PI entering circulation and organic buying demand remains the key factor for price direction.

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Bitcoin’s market structure is showing a split signal: institutional demand through ETFs is accelerating, while short-term holders are still selling into exchanges at a loss. That divergence is helping explain why BTC has held up near the $70,000 area even as retail stress remains visible in on-chain data.

In his latest Morning Brief, Axel Adler Jr. said US spot Bitcoin ETFs absorbed 62,986 BTC over the past 30 days, equal to $11.3 billion in net inflows between February 24 and March 25. Over that stretch, cumulative ETF holdings rose to 1,326,874 BTC. The pace of buying also picked up materially. Adler said the 7-day simple moving average of ETF flows reached 3,288 BTC per day, versus 1,256 BTC for the 30-day average, meaning the current weekly pace is running about 2.6 times above the monthly trend.

Bitcoin ETF flows | Source: Axel Adler That institutional bid has so far outweighed episodic outflows and coincided with a move in Bitcoin’s price from $64,100 to $71,307 over the same month. Adler’s read is that ETF demand is providing a floor, but not a clean breakout signal on its own. For that to happen, he argued, the short-term flow trend needs to stay positive for several more sessions and the market still needs to avoid a fresh run of negative macro-driven ETF days.

The other side of the picture is far less constructive. Adler said short-term holders remain firmly in a loss-realization regime, with loss-side flows to exchanges at 15,500 BTC per 24 hours. Total short-term holder inflows to exchanges stood at 35,200 BTC per day, a sign that selling pressure remains active even if it has not yet reached the kind of extreme typically associated with final capitulation.

Bitcoin Short- Term Holder P&L to Exchanges Sum | Source: Axel Adler Bitcoin STH Stress Eases But Whales Prevent Rally That broader stress signal is partly offset by a separate observation from Darkfost, who argued that panic behavior among newer holders has eased meaningfully since the February flush.

He wrote: “When BTC fell below $60,000, a wave of panic emerged among the youngest investors (STHs), pushing them to send around 100,000 BTC (7-day sum) to Binance at the beginning of February. This behavior has evolved significantly, as these STH inflows to Binance have now been divided by four. Today, these inflows have reached their lowest recorded level, at around 25,000 BTC.”

Bitcoin STH inflows Binance | Source: X @Darkfost_Coc That does not contradict Adler’s thesis so much as refine it. Retail stress is still there across exchanges, but the most acute panic phase may be fading. Darkfost framed the shift as “a rather positive signal,” adding that the drop in Binance inflows represents “a real reduction in selling pressure” during what he called a difficult period for risk assets.

Even so, order-book data suggests Bitcoin is not yet out of the woods on the upside. CoinGlass flagged “heavy sell wall at 72.3k–72.6k” and called it “key resistance on any bounce.” It also pointed to near-term bids around $69,200, stronger support at $68,200 to $68,500, and deeper liquidity around $67,000 to $67,500.

BTC whale orderbook | Source: X @coinglass_com In CoinGlass’s words, “This is a classic setup of heavy overhead supply with layered bids below. Unless BTC reclaims the major sell wall overhead, short-term price action still looks more likely to sweep lower liquidity first before staging a stronger bounce.”

Taken together, the data points to a market where institutional accumulation is absorbing supply fast enough to steady price, but not yet force a decisive breakout. The constructive case is straightforward: ETF demand remains well above trend, panic selling among short-term holders continues to cool, and Bitcoin holds above $70,000.
The risk is just as clear. If ETF flows roll over and the market fails to clear the $72,300-$72,600 sell wall, the next move could still be a sweep into lower liquidity before any stronger recovery takes shape.

At press time, BTC traded at $69,573.

Bitcoin must break above $74,500, 1-week chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

The Financial Times reported that KPMG, a Big Four firm, is the one Tether engaged for its first-ever full independent financial statement audit.

The stablecoin issuer announced the engagement on March 24 without naming the firm. PwC has also been brought on to strengthen internal controls ahead of the review.

Why the KPMG Audit Matters for TetherTether’s USDT holds a market cap above $184 billion, making it the reserve currency of the digital asset market. However, the company has never completed a full audit since its founding in 2014.

Tether (USDT) Market Cap. Source: DefiLlama Previously, BDO Italia published quarterly attestations confirming reserves on a specific date. Those snapshots did not examine internal controls, ongoing operations, or risk exposure over time.

In 2021, the Commodity Futures Trading Commission fined Tether $41 million for misleading statements about its dollar backing. An earlier 2018 audit attempt collapsed after the auditor severed ties.

US Expansion and Fundraising at StakeThe audit supports Tether’s broader ambitions. The company is pursuing US expansion under the Genius Act, signed by President Donald Trump last July. It has also launched a US-based stablecoin called USAT.

The Financial Times previously reported Tether sought to raise $15 billion to $20 billion at a $500 billion valuation. Potential investors flagged the high valuation and regulatory risks.

“This audit represents years of work to strengthen our systems so that Tether can meet the highest standards applied in global finance,” wrote the FT, citing Tether CEO Paolo Ardoino.

KPMG holds a significant market share in auditing financial services companies. Tether also hired a digital assets specialist from KPMG’s Canadian business as head of internal audit last year.

If completed successfully, the audit could reshape how regulators and institutions evaluate stablecoin transparency. The results are not expected immediately.

XRP slides toward $1.35 as liquidation wave signals weak supportSharp late-session selling and rising leverage suggest a bigger move is coming, with downside risk building. Mar 27, 2026, 4:54 a.m.

What to know: XRP slid about 2.7% to hover near $1.35 after a sharp late-session sell-off that pushed the token below key $1.36 support.Heavy, rapid selling with a spike in volume points to forced liquidations and a fragile market structure rather than orderly profit-taking.Traders are watching $1.35 as near-term support and $1.40 as critical resistance, with rising leverage and compressed volatility signaling a potentially larger move ahead.XRP dropped below $1.40 and is now hovering near $1.35 after a volatile session, with a late burst of selling showing traders are still leaning bearish. The move wasn’t gradual — it came fast, with heavy volume hitting in minutes, suggesting forced liquidations rather than normal selling.

News BackgroundXRP fell roughly 2.7% over 24 hours, slipping from $1.40 to near $1.36A sharp sell-off in the final hour saw volume spike dramatically, pointing to liquidation-driven movesThe token remains stuck below $1.40, a level that has repeatedly capped recovery attemptsPrice Action SummaryPrice trended lower throughout the session, forming consistent lower highsA late drop pushed XRP through $1.36 support before stabilizing near $1.35Selling accelerated quickly rather than gradually, indicating weak support structureShort-term range now tightens around $1.35-$1.37Technical AnalysisThe key shift is momentum: sellers are in control unless XRP reclaims $1.40The sharp spike in volume during the drop suggests liquidations, not just profit-takingAt the same time, leverage is building — traders are adding positions even as price falls, which can fuel further volatilityThis creates a fragile setup where small moves can trigger larger cascadesWhat traders should watch$1.35 is now the key level — holding it keeps XRP range-boundA break below opens downside toward $1.30On the upside, reclaiming $1.40 is needed to stabilize structureWith volatility compressing earlier and now expanding, a bigger directional move looks closeMore For You

As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption.

Why it matters:

Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all.

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Every major is red on the day as the war enters its fifth week with no resolution, though ETF inflows of $2.5 billion over the past month and net exchange outflows suggest institutional accumulation beneath the surface.

What to know:

Bitcoin slid about 3% to roughly $68,500 as another cycle of mixed Iran war headlines whipsawed markets for the fifth straight week.Major cryptocurrencies broadly declined alongside Asian equities, though Tron bucked the trend, while the overall crypto market cap still hovers above its 50-day moving average, which some analysts...Top Stories

In brief U.S. 10-year Treasury yields have surged to around 4.42%, forcing markets to reassess the outlook for interest rates and financial conditions. Bitcoin has held a tight range near $68,000, declining less sharply than equities during the recent macro-driven selloff. Options markets show investors are still buying downside protection, signaling caution but not panic, according to QCP Capital. Bitcoin is trading near $68,000, holding a relatively narrow range even as a sharp rise in U.S. Treasury yields signaled growing pressure across global markets.

The yield on the benchmark 10-year U.S. Treasury note climbed to around 4.42% on Thursday, up roughly 46 basis points since late February, data shows.

“The current pace of the surge in the US 10Y Note Yield, and US Treasury Yields more broadly, is in line with what we saw in April 2025, during Liberation Day,” The Kobeissi Letter analysts wrote Thursday on X.

“However, this time the backdrop is far more complex, and containing the bond market is not as simple as it may appear,” they added. “This will soon be the market's biggest story.”

Such moves in the bond market are often meaningful because yields affect borrowing costs throughout the economy, from mortgages to corporate loans, while frequently setting the tone for risk assets, including stocks and crypto.

The month-long rise in yields has been driven in part by oil prices and geopolitical tensions in the Middle East as the U.S and Israel’s war with Iran approaches its fifth week since its Supreme Leader was assassinated. 

Higher energy prices typically feed into inflation, and when inflation expectations rise, bond investors demand higher yields to compensate for the erosion of purchasing power. That repricing has forced investors to reconsider the outlook for interest rates.

Interest-rate futures markets now show expectations that the Federal Reserve will keep rates higher for longer, a shift from late 2025, when markets were pricing in multiple rate cuts through 2026. 

Higher interest rates typically weigh on risk assets by increasing financing costs, making safer assets, such as government bonds, more attractive relative to stocks and crypto.

Despite that backdrop, Bitcoin has declined less sharply than equities in recent weeks and has largely traded between about $68,000 and $71,000. The asset is down 3.3% on the day to $68,400, but remains up 3.9% since the Iran conflict began.

Analysts have said the crypto is currently being pulled in opposite directions by macroeconomic forces.

In a market note on Thursday, digital-asset trading firm QCP Capital said Bitcoin’s price action remains “range-bound and headline-driven,” with options markets showing continued demand for downside hedging but not extreme levels of stress. 

In other words, investors are paying for protection against further declines, but markets are not yet pricing in a severe selloff.

There are also signs that some investors are accumulating Bitcoin during dips. 

Recent net outflows from exchanges suggest coins are being moved into storage rather than positioned for immediate sale, QCP wrote. All while Bitcoin’s share of the total crypto market has been rising, in a sign investors are favoring the world’s largest crypto during uncertain periods.

For now, traders are keeping an eye on the bond market as the key signal to watch. 

If the 10-year Treasury yield continues rising toward the 4.5% range, financial conditions would likely tighten further, increasing pressure on equities and blue-chip cryptocurrencies.

That would leave Bitcoin trading less on crypto-specific developments and more on macroeconomic forces, according to the experts.

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Pi Network has officially started rolling out its Second Migration Phase after Pi Day 2026, allowing users to transfer additional balances to the mainnet. This follows the initial migration stage and opens the door for deeper participation in the ecosystem.

So far, more than 119,000 users have finished this phase, showing steady progress as access expands gradually across the network.

What Second Migrations Actually DoThis phase allows users who have already completed their first transfer to move remaining eligible balances. Unlike earlier, this now includes referral mining rewards, which were not fully processed before.

These rewards are tied to referral team activity, but there’s a key condition. Only bonuses linked to members who pass KYC can be moved. As a result, a user’s final transferable balance depends on how many of their referrals are verified.

Why Referral Rewards Matter NowReferral bonuses are calculated across individual mining sessions and vary from user to user. Because of this, they require more detailed computation compared to standard mining rewards.

This is why the rollout took longer. The system must verify each reward based on activity and KYC status before recording it on-chain. Any unverified referral still holds back a portion of earnings until they complete verification.

What’s Different in This PhaseThe second migration introduces more complex backend processing and stricter checks. At the same time, security has been strengthened, with users required to complete wallet two-factor authentication before any transfer. Since blockchain transactions cannot be reversed, this step ensures funds are protected.

Despite this update, first migrations remain the priority. Users still waiting for their initial transfer are not affected, and processing continues alongside the new rollout.

Expanding Use Cases for PiThis phase arrives as the ecosystem continues to grow. Features like the Pi Launchpad on testnet and new app integrations are increasing how Pi can be used, moving beyond simple mining toward real utility.

The update has drawn mixed responses. Some users have raised concerns about KYC issues, especially cases where accounts that completed the first migration were moved back to tentative status, blocking access to second migration rewards.

At the same time, others see this as steady progress. Many view the rollout as a meaningful step that rewards long-term participation while maintaining a controlled and careful approach.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat is the Pi Network Second Migration?

The Second Migration is the phase allowing users who already completed their first transfer to move remaining eligible balances—including referral mining rewards—to the mainnet, provided their referrals have passed KYC.

How do I complete the Second Migration safely?

Enable two-factor authentication, ensure your referrals are verified, and follow the app prompts to securely transfer balances to mainnet.

Why does the Second Migration take longer than the first?

Referral rewards require detailed computation and KYC verification, making processing more complex than standard mining reward transfers.

Will the second migration affect my first migration status?

No, first migrations remain the priority. If you are still waiting for your initial transfer, this new rollout does not affect your queue, and processing continues alongside the second phase.

What new features support Pi’s ecosystem growth?

Phase 2 expands use cases with Pi Launchpad on testnet and app integrations, moving Pi beyond mining toward practical, real-world utility.

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The cryptocurrency market turned bearish as Bitcoin once again failed to take out a key daily resistance level.

The leading cryptocurrency by market cap is trading below $68,600 on Friday, down by more than 3% over the last 24 hours. 

The bearish market sentiment strengthens amid uncertainty over the US-Iran ceasefire plan, which seems to be sidelining institutional demand as well.

Institutional inflow remains poorThe crypto market is feeling the effects of the ongoing war in the Middle East. The ongoing talks about a potential ceasefire deal between the US and Iran remain highly uncertain. 

President Trump stated on Thursday that Iran is negotiating to end the war.

However, Iranian Foreign Minister Abbas Araghchi said on state TV that his government had not engaged in talks to end the war, citing that “we do not plan on any negotiations.”

Traders remain cautious in the market as the latest news suggests a slight negative outcome.

This has erased the gains recorded earlier this week, with further selloff expected if the market conditions don’t improve. 

The uncertainty means that institutional flows into spot Bitcoin ETFs remain muted.

The ETFs began the week with positive flows of $167.23 million on Monday, followed by an outflow of $74.53 million on Tuesday, and then a mild inflow of $7.81 million on Wednesday.

Thursday now saw an outflow of 2,400 Bitcoins from the ETFs, indicating that the institutions remain cautious at the moment. 

However, Sergei Gorev, Head of Risk at YouHodler, told Invezz in an email that the current market phase is a consolidation and he expects Bitcoin’s price to rally higher in the near term.

Gorev added that, 

In our opinion, despite concerns about high interest rates, liquidity inflows into spot ETFs for cryptocurrencies have so far kept bitcoin from collapsing. We also believe that the money of private investors seeking to escape the “Arabian tale in the desert” supports the price of BTC.

"We believe that the current price consolidation is a phase of cryptocurrency accumulation by investors from the Middle East. There are big purchases due to the Iran-Israel conflict. This may continue in the medium term and keep the prices of cryptocurrencies from falling, along with the European debt market diving down," Gorev said.

Bitcoin price forecastThe BTC/USD 4-hour chart remains bearish and efficient as Bitcoin failed to overcome the daily resistance level at $72,081.

BTC rallied to the $72,000 region on Wednesday, but a rejection candle on the 4-hour chart resulted in the leading cryptocurrency giving away its recent gains.

The near-term bias stays mildly bearish as price holds within the previous demand zone. 

Currently, Bitcoin’s price is capped well below the 50-day and 100-day Exponential Moving Averages clustered around $72,100 and $77,800, respectively.

The Relative Strength Index (RSI) on the 4-hour chart at 48 leans slightly bearish after recovering from lower readings.

The Moving Average Convergence Divergence (MACD) hovers close to the signal line, suggesting momentum is still fragile and lacks sustained upside conviction.

If the bulls regain control, they will need to overcome the first major resistance level at $72,100 before they can retest the 100-day EMA near $77,800.

A daily close above the 100-day EMA would be needed to neutralize the current downside bias. 

However, if the selloff continues, Bitcoin could dip lower towards the $65,900 support level. A break below this area would trigger deeper losses toward $60,000, a key psychological level.

The stocks of Microsoft (MSFT 1.40%), Meta Platforms (META 7.96%), and Alphabet (GOOG 3.06%)(GOOGL 3.45%) are all taking a beating right now. As of this writing, Meta shares had plunged more than 8% on Thursday alone, while Alphabet and Microsoft are also sliding sharply. And this puts the stocks' total year-to-date returns at declines of 24% for Microsoft, 17% for Meta, and 10% for Alphabet.

The sell-off likely reflects a continued broader market reevaluation of the massive capital expenditures required to build out artificial intelligence (AI) infrastructure and geopolitical uncertainty. In addition, part of their sell-offs could simply reflect shares taking a breather after impressive gains over the three-year period from the start of 2023 to the end of 2025.

Of course, the question on many investors' minds right now is likely whether any of these beaten-down tech giants are actually worth buying. When you compare the three side by side, looking closely at their underlying businesses, growth drivers, and opportunities, I believe only one is a compelling buy right now.

Image source: Getty Images.

Microsoft: Cloud growth is lagging Alphabet's Microsoft's business remains a powerhouse, but it faces severe risks. In its second quarter of fiscal 2026 (which ended on Dec. 31, 2025), the software giant's revenue rose 17% year over year to $81.3 billion.

Management called out Microsoft's impressive growth in its Microsoft Cloud, a revenue category that combines the company's various cloud services.

"Microsoft Cloud revenue crossed $50 billion this quarter, reflecting the strong demand for our portfolio of services," explained Microsoft chief financial officer Amy Hood in the company's fiscal second-quarter earnings release.

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But under the surface, Microsoft's cloud computing business is growing much slower than Alphabet's. Microsoft's Azure and other cloud services revenue -- the cloud computing portion of Microsoft's cloud revenue -- increased 39% year over year. While that is a strong figure, it falls short of Alphabet's Google Cloud's recent expansion. Further, Microsoft's cloud computing business still trails Amazon's (AMZN 1.97%) Amazon Web Services (AWS) in sheer size, so it's not leading in growth rate or scale.

And there's also a concern that Microsoft's software business could go through a challenging period as it adapts to a world increasingly driven by AI. At the same time, Alphabet continues to gain ground with its own productivity suite, presenting a real competitive threat to Microsoft's long-standing dominance in the enterprise space.

Meta: Too reliant on social media Meta Platforms is also facing a difficult setup. The company's fourth-quarter revenue (for the period ended Dec. 31, 2025) rose nearly 24% year over year to $59.9 billion.

But Meta arguably remains too heavily tethered to its core business -- social media. This lack of diversification makes the stock inherently risky, especially if digital advertising budgets tighten or consumer engagement shifts toward newer platforms.

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-47.35

Current Price

$

547.54

Even more concerning is the company's profitability trend.

Meta's fourth-quarter earnings per share rose just under 11% year over year to $8.88, even though revenue rose 24%. This slowing earnings growth is a glaring red flag, particularly because it is happening even before capital expenditures ramp up to the company's planned levels for 2026. Management expects its 2026 capital expenditures to climb to a staggering range of $115 billion to $135 billion as it buys compute power to fuel its AI ambitions. With earnings growth already decelerating, that aggressive spending profile leaves very little room for error.

Alphabet: The better buy Alphabet, meanwhile, offers the most attractive mix of growth and stability. The company's fourth-quarter revenue increased 18% year over year to $113.8 billion.

But the company's standout performer was its cloud computing segment. Google Cloud revenue surged an incredible 48% year over year to nearly $18 billion. This means Google Cloud is growing substantially faster than Amazon and Microsoft's cloud computing businesses. And the segment is becoming a major profit driver, with Google Cloud's operating income more than doubling year over year to more than $5 billion in the quarter.

Today's Change

(

-3.06

%) $

-8.85

Current Price

$

280.74

Meanwhile, Alphabet's dominance in search provides a highly profitable foundation that funds these aggressive AI and cloud initiatives. Combining double-digit top-line growth in search with its accelerating cloud-computing business, the company's earnings per share in the fourth quarter jumped more than 31% year over year to $2.82, highlighting its superior profit trajectory.

Of course, Alphabet is also spending heavily. Management guided for 2026 capital expenditures of $175 billion to $185 billion. A legitimate risk to consider is that if the AI payoff takes longer than expected, this staggering spending could squeeze margins more than investors anticipate. But Alphabet's diversified, rapidly growing business and accelerating cloud platform arguably make it better equipped to handle this investment cycle than its peers.

With the stock trading at a price-to-earnings ratio of roughly 26 as of this writing, I believe this is a good entry point given its accelerating cloud business and enduring dominance in search.

Ultimately, I believe Alphabet is the clear winner here and the best stock to consider buying on this dip.

New York, New York--(Newsfile Corp. - March 26, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Paysafe Limited (NYSE: PSFE) between March 4, 2025 and November 12, 2025, inclusive (the "Class Period"), of the important April 7, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Paysafe securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Paysafe class action, go to https://rosenlegal.com/submit-form/?case_id=2745 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Paysafe's ecommerce business had significant exposure to a single high risk client; (2) as a result, Paysafe's credit loss reserves and/or write-offs were understated; (3) Paysafe had an undisclosed issue with higher risk Merchant Category Codes, making its client services difficult to bank; (4) the foregoing issues were likely to have a material negative impact on Paysafe's revenue growth and overall revenue mix; (5) as a result, Paysafe was unlikely to meet its own previously issued financial guidance for fiscal year 2025; and (6) as a result of the foregoing, defendants' positive statements about Paysafe's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Paysafe class action, go to https://rosenlegal.com/submit-form/?case_id=2745 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290146

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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Federal judge finds Pentagon's effort to cut off the AI firm's access to federal contracts "likely unlawful."

Steven Musil is a senior news editor at CNET News. He's been hooked on tech since learning BASIC in the late '70s. When not cleaning up after his daughter and son, Steven can be found pedaling around the San Francisco Bay Area. Before joining CNET in 2000, Steven spent 10 years at various Bay Area newspapers and had a brief stint at MacWeek.

Expertise I have more than 30 years' experience in journalism in the heart of the Silicon Valley.

2 min read

A federal judge on Thursday temporarily blocked the Trump administration from labeling Anthropic a "supply chain risk" and cutting off the artificial intelligence firm's access to federal contracts.

US District Judge Rita Lin granted Anthropic's request for a preliminary injunction, finding that the Trump administration's "broad punitive measures" against the company "were likely unlawful" and could "cripple Anthropic."

"Nothing in the governing statute supports the Orwellian notion that an American company may be branded a potential adversary and saboteur of the US for expressing disagreement with the government," Lin wrote in her ruling.

(Disclosure: Ziff Davis, CNET's parent company, in 2025 filed a lawsuit against OpenAI, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.)

The dispute centers on the Pentagon's demand to use Anthropic's Claude AI for "all lawful purposes," while Anthropic wanted to prohibit the military from using it for mass domestic surveillance or for fully autonomous weapons systems. After Anthropic refused to meet the government's demands, President Donald Trump and Secretary of Defense Pete Hegseth said they would declare the company a "supply chain risk," prohibiting the use of its products in defense contract work. 

Anthropic responded with a lawsuit filed earlier this month in federal court challenging the designation, calling it an "unprecedented and unlawful" attack on the company's right to free speech. 

Lin wrote that the administration's measures don't appear to reflect the government's national security interests but rather seem punitive in nature.

"If the concern is the integrity of the operational chain of command, the Department of War could just stop using Claude. Instead, these measures appear designed to punish Anthropic," Lin wrote.

Lin also delayed her order for one week to allow the Pentagon to seek a stay of the order.

Anthropic said in a statement that it was "grateful to the court for moving swiftly, and pleased they agree Anthropic is likely to succeed on the merits. While this case was necessary to protect Anthropic, our customers, and our partners, our focus remains on working productively with the government to ensure all Americans benefit from safe, reliable AI."

The White House and Pentagon didn't immediately respond to a request for comment.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Corcept Therapeutics Incorporated (NASDAQ: CORT) between October 31, 2024 and December 30, 2025, inclusive (the "Class Period"), of the important April 21, 2026 lead plaintiff deadline.

So what: If you purchased Corcept common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Corcept class action, go to https://rosenlegal.com/submit-form/?case_id=51868 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 21, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants represented that the key clinical trials supporting the use of relacorilant as treatment for patients with hypercortisolism were "powerful support" for the New Drug Application ("NDA") that Corcept submitted to the U.S. Food and Drug Administration ("FDA") for this indication. Defendants also stated that they had communicated with the FDA about this NDA and were confident in submitting the NDA, foreseeing no impediments to approval. Toward the latter part of the Class Period, defendants repeatedly told investors that "relacorilant is approaching approval." In truth, the FDA had repeatedly raised concerns about the adequacy of the clinical evidence supporting the relacorilant NDA and, as a result, there was a known material risk that Corcept's relacorilant NDA would not be approved. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Corcept class action, go to https://rosenlegal.com/submit-form/?case_id=51868 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS/Abdul Saboor/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesDubai's premium slumps to $17/bbl, down more than 60% from WednesdayPremium for Middle East benchmark peak at $65/bbl last weekMore sellers than buyer on Platts window, traders ​saySINGAPORE, March 27 (Reuters) - Spot premium for Dubai ‌crude slumped by more than half to hit its lowest level in three weeks as more sellers emerged and piled on offers while TotalEnergies remain the sole bidder, according to ​traders and data collated by Reuters.

The premium for the Middle East ​benchmark, that prices millions of barrels of crude that Asia imports, ⁠dropped sharply to about $17 a barrel at the market close on Thursday, ​down more than 60% from $51.20 a barrel in the previous session, underscoring severe ​price volatility due to the U.S.-Israeli war with Iran which has disrupted shipping in the Strait of Hormuz.

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Sellers such as Unipec, Vitol, Shell (SHEL.L), opens new tab and BP (BP.L), opens new tab started offering Dubai an hour before ​the trading window started, three of the people said.

"They had more than ​an hour to keep offering (Dubai) down," one of them said.

"Totsa came up but it wasn't even ‌trying ⁠to aggressively counter them."

Totsa, the trading arm of French major TotalEnergies (TTEF.PA), opens new tab, has been the sole buyer of Middle East crude during the Platts window, snapping up a total of 69 Oman and Murban crude cargoes this month so far, ​or 34.5 million ​barrels, trade data ⁠showed.

The company could not be immediately reached for comment outside office hours. It had previously declined to comment on its ​Dubai trades.

Dubai's premium spiked to an all-time high of about $65 a ​barrel last ⁠week as the amount of crude available for trading fell after S&P Global Platts excluded three of the five crude grades in anticipation of a prolonged disruption in ⁠shipping ​via the Strait of Hormuz.

The price spike has ​caused Asian refiners to shun spot Middle East crude purchases and instead buy oil from Europe, Africa ​and the Americas.

Reporting by Florence Tan and Siyi Liu; Editing by Michael Perry

Our Standards: The Thomson Reuters Trust Principles., opens new tab

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Please do your own due diligence and consult with your financial advisor, if you have one, before making any investment decisions. The author is not acting in an investment adviser capacity. The author's opinions expressed herein address only select aspects of potential investment in securities of the companies mentioned and cannot be a substitute for comprehensive investment analysis. The author recommends that potential and existing investors conduct thorough investment research of their own, including detailed review of the companies' SEC filings. Any opinions or estimates constitute the author's best judgment as of the date of publication and are subject to change without notice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.