Market Signal Briefing

Boyaa Interactive seeks shareholder approval for a $70 million crypto treasury expansion as the Hong Kong firm deepens Web3 plans.

Hong Kong listed Boyaa Interactive has moved to expand its cryptocurrency treasury strategy with a new proposal worth up to $70 million. The company said it wants shareholder approval for a 12 month mandate that would allow its board to buy cryptocurrencies with idle cash reserves from operations. It said the move would support its Web3 business and help fund research, development, and new game projects.

The proposal came through a filing submitted to Hong Kong Exchanges and Clearing on March 22, 2026. In that filing, Boyaa said the planned purchases would focus on cryptocurrencies that match its business direction, offer strong liquidity, and carry long term holding value. It added that the assets acquired under the mandate are expected to be mainly Bitcoin.

The company also said it would carry out the purchases through regulated and licensed trading platforms, including HashKey Exchange and OSL Exchange. In addition, Boyaa noted that market conditions may require it to pay a premium of up to 10% above market prices. However, it said the exact timing, type, amount, and price of any purchase would remain subject to board decisions.

Earlier Bitcoin buys triggered major transaction rulesBoyaa’s latest plan follows a large Bitcoin buying spree last year. The company disclosed that it had already purchased about $80.51 million worth of Bitcoin between August 2025 and November 2025. Because those acquisitions fall within the previous 12 months, Hong Kong listing rules require the old and proposed transactions to be grouped together. As a result, the new plan qualifies as a major transaction and needs shareholder approval.

The filing also gave an update on Boyaa’s current crypto holdings. As of the announcement date, the company said it held 4,092 Bitcoin at an average cost of about $68,211 each, 302 Ether at an average cost of about $1,661 each, and around 7,000,700 USDT. These holdings show that digital assets now form a meaningful part of the company’s balance sheet.

Earlier this month, Boyaa said in its annual results that crypto assets are an important part of its Web3 strategy. The company said it stores most of those assets on licensed platforms and in its own wallets, while some holdings also generate returns, including staking related rewards from Ether. Therefore, the proposed $70 million expansion marks another clear step in Boyaa’s push deeper into Web3.

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Analyst, covering cryptocurrency markets, policy, and regulation. With over seven years of experience in business and marketing development, she has spent the past two years specializing in digital assets.

The price of Bitcoin is currently fluctuating near a critical price range after it went below the $68,000 mark. Currently, Bitcoin’s price is hovering near a short-term support range. This comes as mixed signals are being reflected by overall indicators.

Summary

Price Structure Shows Pressure Below ResistanceSupport Levels Draw Market AttentionOn-Chain Data Reflects Mixed ActivityAnalyst Commentary Aligns With Technical Levels Bitcoin’s current trend is not strong, with sell-offs in the global markets. The loss of the $67,500 support zone may open the door to a new low. However, on-chain analysis offers a broader perspective on the overall trend.

Price Structure Shows Pressure Below Resistance Technical charts indicate that Bitcoin remains below several resistance levels after a previous decline from higher price ranges. Key resistance zones appear around $72,800, $76,400, and $80,600. These levels have limited upward movement in recent sessions.

BTCs Price Chart Price action also reflects a consolidation phase in a shrinking range. The price is capped by a falling trendline in the attempt to move upwards. Additionally, the price benefits from a rising support line. This reflects a compression chart pattern.

The price is below a short-term moving average. This reflects low price momentum. Additionally, the Relative Strength Index data reflects low prices in the Relative Strength Index. This is in line with the analyst’s observation on low price momentum.

Support Levels Draw Market Attention Support remains concentrated around the $67,100 to $66,600 range. This zone aligns closely with the $67,500 level referenced by a user on X. Repeated tests of this area have increased its relevance in the current structure.

If this support fails, the next downside targets appear near $60,400 and $59,800. These levels represent broader demand zones identified on the chart. Lower support areas extend toward $55,100 and $52,500, based on historical price reactions.

The short-term projections from the above chart indicate that there are various possibilities. For instance, there is a possibility that the price may try to recover to the resistance point before declining again. There is also a possibility that the price may break down and move to the lower support zones.

On-Chain Data Reflects Mixed Activity Glassnode statistics reveal that the market capitalization of Bitcoin has also been declining, similar to its prices.

BTCs Market Cap  This indicates a decline in the valuation of the network as seen in the selected period. There is a lack of a strong reversal in the trend, as revealed by the provided data.

There has been a decline in active addresses, which previously showed an increase.

BTCs Number Of Active Addresses  The current decline in active users can be linked to the current price declines.

However, there has been an increase in the number of transactions in recent sessions. 

BTCs Number of Transactions This increase in transactions reveals a rise in the use of the network, despite the declining prices.

Analyst Commentary Aligns With Technical Levels According to TedPillows, the decline in the value of Bitcoin to below $68,000 is a result of overall pressure in the markets. The author related this to the rise in the rate of sell-offs in global markets. 

The chart data confirms the relevance of this level. It is in line with the current support zone, which continues to consolidate. The focus at the moment is confirmation of a breakdown or a recovery.

The Bitcoin price prediction is currently dependent on these levels. If it continues holding on, it might remain in the current range. If it breaks, it might shift focus to lower zones in the near term.

Disclaimer: This analysis is based on market trends and does not guarantee future results. It should not be treated as financial advice. Cryptocurrency investments involve risk, so always do your own research (DYOR) before investing.

Victor Olaitan

Victor Olaitan is a crypto writer who spends most of his time tracking charts, on-chain data, and market narratives as they happen. He is all about taking the fast-paced world of crypto and breaking it down into readable stories without all the noise.

Solana (SOL) extended its pullback on Monday, sliding to $85.85 as of 9:00 a.m. UTC on March 23, marking a 1.73% decline over the past 24 hours. The token is now down 7.5% on the week, underscoring how quickly risk appetite has cooled across major altcoins as broader market conditions remain fragile.

The move keeps Solana in a persistent correction that has weighed on the asset for much of the past two months. Over the last 60 days, SOL has fallen 33.79%, even as shorter timeframes show mixed signals—modest gains over the past 30 days contrast with a 90-day drop of 30.85%. With a market capitalization of roughly $49.1 billion, Solana remains the seventh-largest cryptocurrency, accounting for about 2.09% of total crypto market value.

Despite the price weakness, trading activity picked up. Spot volume over the past 24 hours reached approximately $2.76 billion, up 7.89% from the previous day, a sign that 'liquidity' is returning as traders reposition. The bulk of transactions occurred on centralized exchanges (CEXs), while decentralized exchange (DEX) turnover was negligible by comparison, highlighting that most short-term price discovery is still being driven by venue-heavy flows rather than on-chain swapping activity.

Intraday metrics also point to incremental selling pressure. Solana’s hourly change was reported at -0.22%, suggesting that dips are being sold rather than bought aggressively, at least in the near term. Market participants are increasingly focused on whether the $85 area can hold as a technical support zone after multiple weeks of lower highs.

Supply dynamics remain a key part of the Solana narrative. Circulating supply was estimated at about 572.13 million SOL, with total supply around 622.93 million SOL. Because Solana uses an inflationary token model without a hard maximum supply, its fully diluted valuation (FDV) was pegged near $53.4 billion based on current pricing. For investors, that structure means future issuance and staking emissions remain relevant variables when assessing long-term dilution and valuation.

The correction in SOL broadly mirrors the softer tone seen in Bitcoin (BTC) and Ethereum (ETH), as crypto markets continue to trade like high-beta risk assets that are sensitive to macro signals. Analysts tracking cross-asset correlations say near-term direction is likely to be shaped less by Solana-specific news and more by external drivers such as Bitcoin’s trend and equity-market benchmarks like the Nasdaq.

Macro catalysts remain front and center, particularly expectations around U.S. Federal Reserve policy and the regulatory outlook for digital assets. Shifts in interest-rate pricing and enforcement posture tend to ripple quickly through altcoin markets, where positioning can turn quickly as leverage and sentiment reset.

On the network side, Solana has long marketed itself as a high-performance layer-1 blockchain, and it has spent the post-FTX period emphasizing ecosystem resilience and continuity. However, fresh ecosystem catalysts appeared limited in the latest reporting window, with no major protocol announcements or high-profile project launches cited as immediate momentum drivers.

Separately, figures related to circulating supply showed minor discrepancies across data sources. Solana’s self-reported circulating amount was listed at roughly 525.23 million SOL—about 8% below the commonly referenced circulating figure—translating to a self-reported market cap near $45.0 billion. Observers attribute such gaps largely to differences in how staking and locked tokens are classified and counted.

Because Solana runs a proof-of-stake (PoS) system, a significant portion of the supply is typically staked, a factor that can reduce immediate sell pressure. At the same time, heavy staking can also contribute to 'liquidity constraints,' which may amplify short-term volatility when large flows hit the market.

Looking ahead, traders are watching whether SOL can defend the mid-$80s and stabilize within an $80–$90 range as volumes rise. A clearer shift in macro conditions—or a meaningful ecosystem catalyst—could help revive upside momentum, but for now Solana’s price action continues to reflect a market searching for direction.

Article Summary by TokenPost.ai

🔎 Market Interpretation

Downtrend intact: SOL slid to $85.85 (-1.73% 24h), extending a broader correction (about -7.5% weekly, -33.79% over 60 days), signaling continued risk-off behavior in altcoins.

Support in focus: The $85 area is being watched as a key technical support zone after weeks of lower highs; hourly performance (-0.22%) suggests sellers are still active on dips.

Volume rising despite weakness: Spot volume jumped to roughly $2.76B (+7.89% day/day), implying active repositioning rather than capitulation, with price discovery still dominated by centralized exchanges.

Macro-led regime: SOL’s near-term direction is framed as more dependent on BTC trend and macro proxies like the Nasdaq than Solana-specific news, reinforcing its “high-beta” behavior.

Tokenomics matter for valuation: Solana’s inflationary supply model (no hard max) keeps attention on emissions/dilution; FDV was estimated near $53.4B at current prices.

💡 Strategic Points

Key range to monitor: Traders are centered on whether SOL can stabilize in the $80–$90 band; a break below the mid-$80s could invite further momentum selling, while holding may encourage range trading.

Confirm strength via structure: A higher-probability bullish shift would typically require higher lows and/or reclaiming prior resistance levels; current conditions still indicate a corrective structure.

Watch venue flow signals: With CEXs driving most turnover and DEX activity comparatively small, near-term moves may be more sensitive to order-book liquidity, leverage resets, and large centralized flows.

Track supply and staking dynamics: High staking can reduce immediate circulating liquidity (potentially dampening steady sell pressure) but can also amplify volatility if large unstaking/sell waves occur into thin books.

Data discrepancies as a risk factor: Circulating supply estimates differed (common estimate ~572.13M vs self-reported ~525.23M), which can affect market-cap/FDV comparisons; investors may want to verify methodology (locked vs staked vs liquid).

Primary catalysts remain external: Fed policy expectations and regulatory posture are highlighted as the most immediate drivers; absent major ecosystem launches, SOL may continue to trade as a macro-sensitive risk asset.

📘 Glossary

Support zone: A price area where buying interest historically appears, potentially slowing or reversing declines (here, around $85).

Lower highs: A bearish chart pattern where each rebound peaks below the previous peak, often indicating sustained selling pressure.

Spot volume: The value of assets traded for immediate settlement; rising spot volume can indicate stronger participation and repositioning.

CEX (Centralized Exchange): A custodial trading venue (e.g., Binance, Coinbase) where most order-book price discovery occurs.

DEX (Decentralized Exchange): An on-chain exchange using smart contracts; DEX volume can reflect organic on-chain demand and swapping activity.

Liquidity: How easily an asset can be bought/sold without moving price significantly; lower liquidity often increases volatility.

Circulating supply: Tokens considered tradable and available in the market, excluding certain locked or restricted allocations depending on methodology.

Total supply: All tokens that currently exist (minus any burned), including potentially locked or non-circulating tokens.

FDV (Fully Diluted Valuation): Market cap computed using total supply (or maximum supply if fixed) multiplied by current price—useful for dilution-aware valuation.

Inflationary token model: A design where new tokens are issued over time (e.g., staking rewards), which can create long-term dilution.

PoS (Proof-of-Stake): A consensus mechanism where validators stake tokens to secure the network and earn rewards.

Cross-asset correlation / high-beta: Tendency for an asset to move with broader markets; high-beta assets often swing more than benchmarks during risk-on/off shifts.

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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ethereum (ETH) has continued to fluctuate in price, dipping by over 8.89% in the last seven days. Amid this volatility, an Ethereum whale has resurfaced from a two-year dormancy. As spotted by an on-chain analyst, "The Data Nerd," this large holder has deposited 15,000 ETH on Coinbase.

Dormant Ethereum wallet activity sparks sell-off speculationThe movement of this massive amount of Ethereum, worth $30.97 million, to the cryptocurrency exchange has sparked interest. Notably, the whale bought the asset during Ethereum’s Initial Coin Offering (ICO). This means he bought ETH when the coin was extremely cheap.

According to The Data Nerd, this ICO participant bought about 17,400 ETH at an average price of $11.60. The whale accumulated the assets over a period of time using a different exchange at the time — Poloniex.

This implies that the 15,000 ETH, which the whale just deposited on Coinbase, cost him about $174,000 in 2014 when the purchases were made. If he decides to sell all the coins now deposited on Coinbase, this will fetch him a profit of over $30.70 million.

It is this knowledge that is fueling speculation that the whale is likely to sell off all 15,000 ETH on Coinbase. Additionally, the whale might not have resurfaced from dormancy if the intention was not to sell.

Meanwhile, this Ethereum ICO whale still has 14,800 ETH worth approximately $30.50 million in his wallet. This reveals that his total holdings were around 29,800 ETH, and he has decided to move slightly more than half to Coinbase for profit-taking after holding on to the assets all these years.

Ethereum’s price movement might have triggered the whale’s action as the leading altcoin has not shown signs of stability in 2026. Within the last 24 hours, Ethereum has fluctuated between a low of $2,023.27 and a daily high of $2,094.32.

As of this writing, Ethereum exchanges hands at $2,041.13, which reflects a 1.91% decline. However, trading volume has stayed green and up by 14.92% at $15.11 billion within the same 24-hour period, signaling continued interest from some investors.

Ethereum and institutional shift on market outlookAs U.Today reported over the weekend, Ethereum has seen increased growth as active addresses soared by 121%. 

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Remarkably, the number of active addresses jumped from 381,202 on March 15, 2026, to 841,404 on March 19. The development suggests renewed engagement by market participants.

However, on the institutional front, asset management firm BlackRock closed the trading week with sales of 47,728 ETH. BlackRock made the transaction on Coinbase Prime.

These deposits on the exchange could affect Ethereum’s price outlook in the long run, a development that market observers are closely monitoring.

Ethereum is holding above the $2,000 level as selling pressure begins to build again, placing the market at a critical inflection point after a short-lived recovery. While ETH has managed to stabilize above this psychological threshold, recent price action suggests that momentum remains fragile, with sellers gradually regaining control following the latest push higher.

Despite this renewed pressure, underlying on-chain data is signaling an important structural development. According to a CryptoQuant report, whales holding over 100,000 ETH have now returned to a profitable state. This shift is significant, as large holders typically operate with longer investment horizons and tend to influence broader market trends through their positioning.

Historically, the transition of major whale cohorts from loss to profit has often coincided with the early stages of new market cycles. These phases tend to mark the end of capitulation periods, where large investors accumulate at lower levels before gradually moving into profit as the price recovers.

While whale profitability reflects improving cost basis conditions, it can also introduce potential distribution risk if large holders choose to realize gains. In this context, Ethereum’s ability to maintain support above $2,000 will likely determine whether the market stabilizes or faces renewed downside pressure.

Whale Profitability as a Structural Inflection Signal Historical data shows that the loss zones for large Ethereum whales have consistently aligned with broader market bottoms. These phases typically reflect periods of capitulation, where price compresses below the aggregate cost basis of major holders, forcing weaker participants out while stronger hands accumulate. In previous cycles, such conditions have marked the final stages of downside pressure rather than the beginning of prolonged declines.

ETH Whales Unrealized Profit Ratio | Source: CryptoQuant More importantly, the transition from loss to profitability among these large wallets has repeatedly coincided with the early stages of sustained uptrends. Once whales regain a profitable position, market structure tends to shift. Selling pressure from distressed holders diminishes, while confidence among long-term participants begins to rebuild. This creates a more favorable environment for price expansion, particularly if supported by improving liquidity conditions.

The current setup appears to be approaching a similar configuration. With whales holding over 100,000 ETH now back in profit, the market may be entering another transitional phase. However, the signal is not self-sufficient. A confirmed uptrend typically requires follow-through in the form of spot demand, capital inflows, and reduced sell-side pressure.

In this context, another potential starting point for an uptrend may be forming, but confirmation remains essential.

Ethereum Consolidates As Downtrend Remains Intact Ethereum is currently trading near the $2,000–$2,050 range, consolidating after a sharp decline that began in early February. The chart shows a clear breakdown from the $3,000 region, followed by an accelerated sell-off that briefly pushed the price below $1,900 before a modest recovery attempt.

ETH consolidates around the $2,000 level | Source: ETHUSDT chart on TradingView From a structural standpoint, ETH remains in a well-defined downtrend. Price continues to trade below the 50-day, 100-day, and 200-day moving averages, all of which are trending downward. This alignment confirms that broader market momentum is still bearish, with rallies likely to encounter resistance at these dynamic levels.

The recent bounce appears corrective rather than impulsive. Price briefly reclaimed the short-term moving average but failed to sustain momentum, indicating weak follow-through from buyers. Additionally, volume patterns show that the most significant spikes occurred during the sell-off phase, suggesting capitulation-driven activity rather than strong accumulation.

In the near term, the $2,000 level acts as a key support zone, while the $2,200–$2,300 range represents immediate resistance. A decisive reclaim of this area would be required to shift the short-term structure. Until then, ETH remains vulnerable to further downside, with the risk of revisiting recent lows if selling pressure intensifies.

Featured image from ChatGPT, chart from TradingView.com 

While Bitcoin pulled back below $70,000 before touching $68,000, Changpeng Zhao (CZ) came out to reiterate his stance on BTC.

The founder of Binance posted a brief but pointed message on X: “Bitcoin is a hard asset. (The other top cryptocurrencies too).” With that statement, CZ sought to remind the community that BTC was not designed for short-term trading, but as a hedge against inflation in adverse economic contexts.

The community’s response was swift. Several users directly challenged CZ on his definition, pointing out that an asset that can lose 20% in a week or 50% in a matter of months hardly qualifies as “hard” in the traditional sense of the term. The contradiction between extreme volatility and the notion of a stable store of value has been at the center of the debate.

On the other hand, Robert Kiyosaki, author of *Rich Dad Poor Dad*, doubled down on his apocalyptic vision of traditional markets and predicted that Bitcoin would reach $750,000 per unit one year after the financial collapse he anticipates. The drop in BTC’s price was attributed to restrictive signals from the Federal Reserve and geopolitical tensions in the Middle East, factors that also weighed on equity markets.

Source: https://x.com/cz_binance/status/2035940587988550080

Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions

USR stablecoin depegs, Resolv Labs pauses operations and begins recovery for pre-exploit holders.

Market Sentiment:

Bullish Bearish Neutral

Published: March 23, 2026 │ 12:00 PM GMT

Created by Kornelija Poderskytė from DailyCoin

Resolv Labs began recovery efforts on Monday following a major exploit of its USR stablecoin, which allowed an attacker to mint roughly 80 million unbacked tokens and extract up to $25 million in Ethereum. 

The breach caused USR’s price to fall from its $1 peg to as low as $0.025, a decline of nearly 97%, before partially recovering to $0.4–$0.8.

Source: TradingView How the Exploit Unfolded The attack occurred early March 22. A deposit of $200,000 in USDC was amplified through flaws in USR’s two-step minting functions by roughly 400 times, generating tens of millions of tokens without corresponding collateral.

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The attacker sold the newly minted USR on decentralized exchanges, including Curve and Uniswap, flooding the market with unbacked supply. 

Resolv Labs confirmed that the breach was confined to USR issuance mechanics and that the core collateral pool remains fully intact. All protocol functions were paused immediately to prevent further exploitation.

By Monday, the protocol had begun allowing pre-exploit holders on the allowlist to redeem USR, starting March 23. Trading remains suspended for the wider market while the investigation continues.

This notice is issued on behalf of Resolv Digital Assets Ltd. in relation to the Resolv protocol.

Earlier today, a malicious actor gained unauthorized access to Resolv infrastructure through compromised private key, resulting in the minting of approximately $80M of…

— Resolv Labs (@ResolvLabs) March 22, 2026 Ripple Effects Across DeFi The depeg affected interconnected DeFi protocols. Lending platforms such as Morpho and Fluid, which accepted USR or wrapped variants as collateral, experienced heavy outflows and near-total market depletion due to liquidations and arbitrage. Some protocols paused related markets to limit exposure.

On-chain tracking showed the attacker converted most USR to roughly 11,400 ETH, dispersed across multiple wallets. 

Resolv Labs continues to monitor the situation and has advised users to avoid trading USR or related assets until further notice.

Why It Matters The USR incident highlights persistent risks in algorithmic and non-collateralized stablecoins. Even audited protocols remain exposed to flaws in minting and oracle mechanisms.

People Also Ask: What caused the USR stablecoin exploit?

A flaw in the two-step minting functions allowed the attacker to generate 80 million unbacked USR tokens.

Which DeFi protocols were impacted?

Platforms like Morpho and Fluid, which accepted USR or wrapped variants as collateral, experienced outflows and paused markets.

What is Resolv Labs doing now?

Recovery for pre-exploit holders has begun, and trading remains suspended while the investigation continues.

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Bitcoin tapped $70,000 on Monday morning as President Trump announced a five-day delay on his deadline to strike Iranian energy infrastructure.

Meme coin market capitalization gained around 3% over the past 24 hours to $33.4 billion.

Trader Commentary:

Crypto chart analyst Ali Martinez said Bitcoin is trading in a "no-trade zone" between $65,636 and $70,685, where heavy volume, about 1.72 million BTC, reflects strong buyer and seller activity.

He said the range has become a key battleground, with a breakout or breakdown needed to determine the next major move.

For Ethereum, Martinez pointed to key MVRV levels, with $1,655 as critical support and $2,356 as initial resistance. A breakout could target $2,647–$3,639 in the midterm, with $4,632–$5,624 as longer-term upside zones.

Crypto Tony said Solana could decline toward the $77 level, marking a potential downside target.

Martinez also noted that XRP whales accumulated about 40 million tokens over the past week. Combined with a TD Sequential buy signal, this could signal a potential rebound.

Trader Tardigrade said Dogecoin is still holding support on the daily close, but weakening momentum, with the relative strength index breaking down and the MACD nearing a bearish crossover, makes this a critical zone for risk management.

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The company's latest purchase was executed at higher prices again, even though the asset nosedived on Wednesday.

The world’s largest corporate holder of bitcoin continues to be unfazed by the ongoing tension in the Middle East, announcing bitcoin purchases every Monday.

According to the numbers Michael Saylor just published, this one was completed at some point in the first few days of the previous business week since the average entry price was at $74,326. The cryptocurrency stood above $74,000 by Wednesday morning before it nosedived before and after the second FOMC meeting for the year.

Nevertheless, Strategy’s holdings have shot up to 762,099 BTC after the company accumulated another 1,031 units for $76.6 million. The firm has spent $57.69 million to acquire its bitcoin fortune.

Strategy has acquired 1,031 BTC for ~$76.6 million at ~$74,326 per bitcoin. As of 3/22/2026, we hodl 762,099 $BTC acquired for ~$57.69 billion at ~$75,694 per bitcoin. $MSTR $STRC https://t.co/SELVmAz9WA

— Michael Saylor (@saylor) March 23, 2026

This week’s announced purchase is significantly lower than the one highlighted last Monday. At the time, Saylor said the company he co-founded has spent a whopping $1.57 billion to acquire 22,337 BTC.

The firm continues to be deep in the red on its bitcoin position, given the cryptocurrency’s correction to under $70,000 as of press time after the fake-out rally to $71,500 following Trump’s latest questionable statement on the war in Iran.

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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.

Bitcoin climbed back above $70,000 after President Donald Trump said the United States had held “productive conversations” with Iran and would postpone planned strikes on Iranian power plants and energy infrastructure for five days.

In a March 23 post on Truth Social, Trump wrote in capital letters:

“BASED ON THE TENOR AND TONE OF THESE IN DEPTH, DETAILED, AND CONSTRUCTIVE CONVERSATIONS, WHICH WILL CONTINUE THROUGHOUT THE WEEK, I HAVE INSTRUCTED THE DEPARTMENT OF WAR TO POSTPONE ANY AND ALL MILITARY STRIKES AGAINST IRANIAN POWER PLANTS AND ENERGY INFRASTRUCTURE FOR A FIVE DAY PERIOD, SUBJECT TO THE SUCCESS OF THE ONGOING MEETINGS AND DISCUSSIONS.”

Trump said the delay would depend on the outcome of talks that are set to continue through the week.

This eased some of the risk aversion that had spread across global markets earlier in the session.

Data from CryptoSlate showed that the move pushed Bitcoin up about 3.6% on the day to $70,968, after it traded as low as $67,436 intraday.

Other digital assets, including Ethereum, XRP, Solana, and the top 10 crypto assets by market capitalization, all registered gains of more than 4% as traders moved back into risk assets following the White House signal.

Following the uptick, short sellers who were betting against upward market momentum lost $271 million in the past hour, bringing their total losses to $364 million over the last 24 hours.

Trump's shifting position on Iran warThis marketwide rebound came after a volatile weekend in which Trump issued a series of shifting statements on the conflict.

Trump had previously threatened to destroy Iranian power infrastructure if the Strait of Hormuz was not reopened, while Iran warned it would retaliate against infrastructure linked to US interests and regional allies.

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Those exchanges pushed markets toward a classic risk-off posture earlier on Monday, with oil surging, equities sliding, and investors reassessing the outlook for inflation and interest rates.

Once Trump announced the pause, the reaction spread quickly across asset classes. Oil prices fell sharply as traders reduced some of the geopolitical premium tied to fears of disruption in the Gulf.

Data from Oilprices show that West Texas Intermediate crude dropped 13% to $85.45 a barrel and Brent fell 12% to $98.66 after Trump’s post signaled a temporary opening for diplomacy.

At the same time, US stock futures rebounded more than 2%, reflecting a partial unwind of the defensive positioning that had dominated earlier in the day.

While, Europe’s STOXX 600 reversed losses of more than 2.2% to trade higher, and the dollar gave back earlier gains as investors responded to the prospect of a temporary de-escalation.

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TL;DR

Bitcoin fell to just under $67,500 by Monday, marking a two-week low after losing momentum from last week’s $76,000 peak and rebounding above $68,000. Most major altcoins moved lower as well, with ETH, XRP, SOL, DOGE, HYPE, ADA and LINK all dropping roughly 2% to 3% today. SIREN stood out as the exception, surging to a new all-time high above $3.60 and extending its remarkable monthly gain to about 1,230%. Bitcoin’s latest pullback has pushed the market back into a defensive mood just as traders were hoping the worst of last week’s turbulence had passed. The drop to a two-week low has reset sentiment across the board. After climbing as high as $76,000 on Tuesday, BTC lost momentum, slipped ahead of the year’s second FOMC meeting, briefly recovered when rates were left unchanged, and then resumed falling after Jerome Powell’s hawkish remarks. A weekend rebound toward $71,000 did not hold, and fresh geopolitical tension helped drive bitcoin below $67,500 before a recovery above $68,000.

Selling Pressure Returns as Altcoins Sink With BTC The speed of the reversal is what stands out most. Bitcoin moved from six-week highs to renewed weakness in only a few sessions. Early last week, the asset had broken above the $74,000 resistance and looked ready to extend higher, but that advance quickly stalled again. What followed was a sequence of lower levels: around $71,000 before the Fed decision, $69,000 after the policy meeting and, by Monday, a two-week low just under $67,500. Even after bouncing slightly, bitcoin’s market capitalization slipped to about $1.360 trillion, while its dominance over altcoins hovered near 56.4%.

Altcoins have offered little shelter during the slide. Most larger-cap tokens are posting fresh losses instead of absorbing the shock. Ethereum, XRP, Solana, Dogecoin, HYPE, Cardano and Chainlink all fell by roughly 2% to 3% over the same period, reinforcing how broad the daily risk-off move has become. Other names, including MNT, SKY, BGB and SUI, also stayed under pressure as the red wave spread across the market again. The total crypto market capitalization continued struggling to remain above $2.4 trillion, leaving the sector down about $200 billion from the peak reached last Tuesday.

One notable exception has only made the broader weakness look starker. While the market bleeds, SIREN is trading as if it belongs to a different cycle altogether. The AI-focused token on BNB Chain continued its run with another double-digit daily surge, extending its monthly gain to about 1,230% and printing a fresh all-time high above $3.60 before easing back toward $3. That contrast matters because it highlights what the current market is rewarding: isolated narrative strength, not broad participation. For now, bitcoin is slipping, altcoins are retreating, and selective speculation is replacing market-wide conviction.

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Cardano (ADA) is currently engaged in a high-stakes price standoff, trading tightly between $0.26 and $0.27 as we await a decisive breakout in a bullish prediction.

While Bitcoin has pushed past $70,000 just now, ADA has lagged significantly, posting a 24-hour change oscillating between -2% and +2%. The technical landscape suggests a “squeeze” on the 15-minute timeframe, forming a textbook symmetrical triangle that typically precedes a major volatility event.

Fundamentally, the network is gearing up for the Van Rossem hard fork to protocol v11 and the Node 10.7.0 update scheduled for late March 2026. This technical pivot coincides with legitimate regulatory relief; on March 17, joint SEC and CFTC guidance reportedly clarified ADA’s status as a digital commodity, potentially removing long-standing regulatory overhangs.

Intersect’s Hard Fork Working Group has put forward a proposal to name Cardano’s next upgrade – Protocol Version 11, the van Rossem Hard Fork, in honor of Max van Rossem. pic.twitter.com/QTIZqTvLwM

— Cardano Feed ($ADA) (@CardanoFeed) January 25, 2026 Despite these fundamental wins, the market reaction has been muted. Investors are now questioning whether the upcoming infrastructure upgrades can catalyze a reversal, or if the broader altcoin malaise will drag the token lower.

Discover: The Best New Crypto

Can Cardano Price Reclaim $0.32 Before April Fork?The immediate technical picture for Cardano is defined by compression. Trading at $0.26 at press time, the asset remains pinned below its 50-day Simple Moving Average (SMA) of approximately $0.30, signaling sustained bearish pressure.

Volume indicators reveal a tightening of momentum, a classic precursor to a directional move. If bulls can leverage liquidity from the recent LayerZero integration (accessing over $1 billion in cross-chain capital), a breakout above the $0.27 ceiling could target the March high of $0.32.

ADA USD, TradingViewHowever, the downside risks are palpable. Failure to hold the current symmetrical triangle pattern risks a retest of the recent support low at $0.2.

Long-term indicators remain heavy; the price sits well below the 200-day SMA of $0.50, suggesting that any rally remains a counter-trend move until proven otherwise. Analysts anticipate short-term targets near $0.25, a calm and steady Cardano price prediction.

Bitcoin Hyper Targets Early Mover Upside as Cardano Tests Key LevelsWhile legacy altcoins like Cardano struggle to reclaim yearly highs, capital is aggressively rotating into high-performance infrastructure layers.

The math is simple: a heavy-cap asset like ADA requires billions in new inflow to move 2x, whereas pre-market entrants offer significantly higher volatility and upside potential. This shift is evident in the surge of interest surrounding Bitcoin Hyper ($HYPER), as investors rotate toward infrastructure assets during market pullbacks.

Positioning itself as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, Bitcoin Hyper aims to solve Bitcoin’s core latency and cost issues. The project has already raised more than $32 million, signaling massive institutional appetite for Bitcoin-native smart contracts.

Currently priced at $0.0136, the token offers a high 66% APY staking incentives for early participants.

Research Bitcoin Hyper Here.

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify.

GM!

Today’s top news:

Crypto majors soar after Trump announces 5-day postponement of Iran strikes; BTC at $70k Congress to introduce bipartisan bill banning sports betting on prediction markets Senators reach agreement on Clarity Act yield dispute in major hurdle cleared Hyperliquid sees over $100M in volume on S&P 500 index Gemini sued by stakeholders for misleading pivot into prediction markets 📈 Bitcoin Rips as Iran Strikes PostponedOne single headline and everything has turned.

Going into this weekend, crypto was getting hammered. Trump issued a 48-hour ultimatum Saturday night - reopen the Strait of Hormuz or face strikes on Iranian power plants. Bitcoin slid from $76,000 to below $68,500, longs got liquidated, and the Fear and Greed Index hit Extreme fear.

Then this morning, Trump announced he’s postponing those strikes by five days - and Bitcoin ripped.

Bitcoin immediately jumped $2,000 per token to $70,800. ETH jumped 5% to $2,170.

The Dow jumped 1000 points premarket and Oil fell off a cliff, down 8% to $90.

Of course, five days is not peace and Trump says he’s still prepared to strike. Iran hasn’t reopened the Strait. This is just a pause, not resolution and the situation remains very volatile.

But we may have just gotten a glimpse of what will happen as soon as the Iran War ends for good.

Key Details

Trump announced he has had good discussions with Iran and is postponing strikes for 5 days BTC jumps 3.5% to $70,800 and ETH +4.5% to $2,170 Oil falls 8% to $90 🏛 Senators and the White House Reach a Deal on Stablecoin YieldOn Friday, Senators Thom Tillis and Angela Alsobrooks said they had reached an agreement in principle with the White House on the stablecoin yield issue — the main fight that has stalled the Clarity Act since January.

According to the reported framework, passive yield on stablecoin balances would be banned, meaning users would not be able to hold something like USDC and earn interest in a savings-account style format. However, activity-based rewards appear likely to remain allowed.

That was enough to move prediction market odds sharply. Odds of the Clarity Act passing in 2026 jumped to about 70% on Friday.

Key Details

• Passive yield on stablecoin balances would reportedly be banned
• Activity-based rewards appear likely to survive
• The stablecoin yield fight had been the biggest obstacle holding up the Clarity Act

📈 Hyperliquid’s S&P 500 Market Hit $100M in a Single DayHyperliquid’s newly launched S&P 500 perpetual futures market topped $100 million in 24-hour volume by the weekend, quickly becoming one of the platform’s most actively traded markets.

The product launched last week as an official S&P 500 perp, licensed through Trade XYZ, settled in USDC, and tradable 24/7. That means users can now trade leveraged S&P 500 exposure onchain without a traditional brokerage account.

Five of Hyperliquid’s top 10 markets over the weekend were crypto with the other half represented by oil, precious metals (gold, silver) and the S&P.

Key Details

• S&P 500 perps crossed $100M in 24-hour volume
• The market was already a top-10 market on the platform by the weekend
• Oil, gold, silver, and the S&P 500 are now among the platform’s most traded products

🤖 Eightco Doubles Down on OpenAI While Its Stock Sits Down 93%Eightco Holdings, which trades on Nasdaq under ORBS, added another $40 million to its OpenAI position, bringing its total OpenAI exposure to $90 million. That now represents about 30% of the company’s treasury.

What makes the update more notable is who just backed them. Last week, Eightco raised $125 million from BitMine, Ark Invest, and Kraken parent Payward, with Tom Lee also joining the board.

Eightco has now deployed $90 million into OpenAI and hold nearly 10% of all WLD tokens in circulation plus 11,000 ETH.

And now BitMine has exposure to OpenAI.

Key Details

• Eightco’s OpenAI position now totals $90M
• The company raised $125M last week from BitMine, Ark, and Payward
• Eightco also holds nearly 10% of all WLD in circulation plus 11,000 ETH

⚖️ Gemini Shareholders Are Suing the Winklevoss TwinsA class action lawsuit was filed Friday in the Southern District of New York accusing Tyler and Cameron Winklevoss of misleading investors ahead of Gemini’s IPO last fall.

The suit alleges Gemini overstated the durability of its core exchange business while failing to disclose plans to pivot more aggressively into prediction markets. In February, Gemini cut 30% of staff, exited Europe and Australia, and said prediction markets were now the company’s main strategic focus.

The company did report one positive development this week: Q4 services revenue overtook trading revenue for the first time. But the stock gave back most of its post-earnings bounce and closed Friday at $5.66.

Key Details

• Plaintiffs claim Gemini failed to disclose a coming shift away from its exchange business
• Gemini laid off 30% of staff and exited Europe and Australia in February
• GEMI is down about 85% since the IPO and the company posted a $582M net loss for 2025

🌎 Macro Crypto and Markets Crypto majors are green and ripping on news that the US will postpone strikes on Iran for 5 days; BTC +2% at $70k; ETH +2% at $2,120; SOL +3% at $89 NIGHT (+13%), SHIB (+5%) and ZRO (+5%) led top movers Oil fell 8% to $90/barrel after briefly spiking over $100 on Sunday; Gold -2% to $4,400 Congress will introduce a bipartisan bill to ban sports betting on prediction markets, per the WSJ Ledger hired former Circle executive John Andrews as CFO and opened a New York office Coinbase rolled out stock perpetual futures for international users, offering USDC-settled leveraged exposure to Apple, Microsoft, and Amazon at up to 10x on single stocks and 20x on ETF products Corporate Treasuries & ETFs

The Bitcoin ETFs saw $52M in net outflows on Friday, though still had $93M in net inflows on the week Meme Coin Tracker

Meme majors were green in line with majors; DOGE +2%, SHIB +5%, PEPE +3%, TRUMP +2%, PENGU +3%, SPX +3%, FARTCOIN -1% LOL (+30%), buttcoin (+20%) and testicle (+20%) let top movers 💰 Token, Airdrop & Protocol Tracker Polymarket teased a major announcement coming later today LetsBonk has stormed back in the memecoin race, doing $50M in 24-hour volume over the weekend compared to Pump Fun’s $100M Resolv Labs faced an exploit on Sunday wehre $50M worth of USR was minted without collateral SIREN jumped 85% to $2B in a massive weekend run 🚚 What is happening in NFTs? NFT leaders were mostly flat; Punks +3% at 29.4 ETH, Pudgy +1% at 4.12 ETH, BAYC -1% at 5.15 ETH; Hypurr’s -8% at 400 HYPE Normies (+20%) and Tatsu (+13%) led notable movers Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

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9 minutes ago

MicroStrategy is targeting 1 million Bitcoin by end of 2026. The firm currently holds 628,900 BTC valued at nearly $76 billion, roughly 3% of total supply, and needs approximately 371,100 more to hit the mark.

Getting there requires raising $22 billion in fresh capital over the next two years. That translates to a sustained purchase pace of approximately 6,158 BTC per week at current prices.

This is not a retail accumulation story. This is the most aggressive corporate Bitcoin treasury strategy ever attempted.

Key Takeaways

Capital Requirement: MicroStrategy needs to raise approximately $22 billion to close the gap between its current 628,900 BTC and its 1 million BTC target. Purchase Pace: Hitting the target by end of 2026 demands buying roughly 6,158 BTC per week — equivalent to around $523 million at current market prices. Treasury Mechanics: The strategy runs on Michael Saylor’s ’21/21 Plan’ — $21 billion via equity issuance and $21 billion via fixed-income instruments over a three-year window. How MicroStrategy Plans to Fund 6,000+ BTC Per WeekThe plan is simple. Raise $42 billion, buy Bitcoin, repeat.

Saylor’s 21/21 Plan splits that evenly. $21 billion through equity. $21 billion through convertible notes and fixed-income instruments. The firm has been executing against this since late 2024, when it acquired a record 234,509 BTC in a single year, nearly 60% of total holdings at the time.

Michael Saylor: "We're buying it to hold it 100 years…that $66K to $16K crash. That shook out the tourists. That shook out the non-believers."

"When it was 16K, we were all ready to ride it to zero." pic.twitter.com/Fd4gdJG1td

— Bitcoin Teddy (@Bitcoin_Teddy) March 22, 2026 The average cost basis sits at $49,874 per BTC. But recent tranches are coming in around $88,000, meaning new capital is being deployed at nearly double the portfolio average.

The whole machine runs on one thing: the MSTR share premium over net asset value. As long as shares trade above the underlying Bitcoin holdings, the firm can issue equity, collect more dollars per BTC than market price implies, and buy more Bitcoin. Saylor tracks this through a metric called Bitcoin Yield. It came in at 20.4% last quarter.

The buying has been relentless. 855 BTC on February 2. 1,142 BTC on February 9. 2,486 BTC on February 17. 100 BTC on February 23. Every week, more Bitcoin.

Bitcoin hit $122,000 in July 2025. What critics called reckless leverage, analysts now call calculated institutional allocation.

But the vulnerability is obvious. The NAV premium is the engine. If MSTR shares lose that premium or trade at a discount, the equity issuance machine breaks. The accretive loop reverses. That risk grows in a sustained bear cycle while the debt load stays fixed.

Saylor called Bitcoin a fad in 2013. By 2020 he was all in. By 2026 he either holds 1 million BTC or this becomes the most expensive corporate recalibration in history.

Discover: The best new crypto in the world

An analyst has explained how Dogecoin falling to the lower level of a Parallel Channel could trigger a notable surge, should the support floor hold.

Dogecoin May Have Been Moving Down A Parallel Channel Recently In a new post on X, analyst Ali Martinez has talked about a long-term pattern in the monthly price chart of Dogecoin. The pattern in question is a “Parallel Channel” from technical analysis (TA), which forms whenever an asset observes consolidation between two parallel trendlines.

The upper level of the pattern tends to be a source of resistance, while the lower one that of support. Together, the lines keep the price trapped in the region enclosed by them. In the case of an escape, the asset may see a sustained move in the direction of the break. That is, a surge above the channel can be a bullish sign, while a drop under it is a bearish one.

Now, here is the chart shared by the analyst that shows the Parallel Channel that Dogecoin has potentially been trading inside for the last few years on the monthly timeframe:

Looks like the price of the coin is currently inside the lower half of the channel | Source: @alicharts on X As displayed in the above graph, the 1-month Dogecoin price retested the upper level of this Parallel Channel at the end of 2024, but the memecoin ended up finding rejection. During most of 2025, the channel’s middle line held tight for DOGE, preventing further bearish action. In the last quarter of the year, however, the level finally gave out, and since then, the coin has seen an extended drawdown.

Currently, the asset is still a notable distance over the pattern’s lower level, but if its trajectory from the last few months continues in the near future, it’s possible that it might close the gap. “I’m looking to buy the dip at $0.0537,” noted the analyst. “If this floor holds, we could see a 200% rally back to the mid-range at $0.16.”

It now remains to be seen whether Dogecoin will end up retesting the support level of this Parallel Channel in the coming months, and if it does, whether the cryptocurrency will find a bottom at it.

In the short term, a possible bullish signal has appeared on the asset’s weekly price chart, as Martinez has pointed out in another X post.

The TD Sequential recently gave a buy signal for the memecoin | Source: @alicharts on X From the chart, it’s visible that the Tom Demark (TD) Sequential indicator has given a reversal signal for Dogecoin following nine red candles, indicating that the bearish trend may be reaching exhaustion. In the two days since the signal has appeared, however, the asset has only slid down further.

DOGE Price Dogecoin has plunged to the $0.090 level following the continuation of bearish momentum over the weekend.

The trend in the price of the coin over the last five days | Source: DOGEUSDT on TradingView Featured image from Dall-E, chart from TradingView.com

Litecoin (LTC) faces turbulent waters despite the bulls' show of strength around $54, and a potential bearish acceleration for Bitcoin could see LTC dump to $30.

As of writing, Bitcoin's downturn to $68,000 in early Asian trading had dragged major altcoins lower.

Litecoin itself fluctuated to a key support level, which bulls must hold to prevent the scenario that could allow sellers to revisit levels seen in 2020.

Litecoin bulls must defend $50 supportA solid defense of the $50 area is crucial for Litecoin to bounce higher. If not, the path of least resistance will be lower.

Notably, LTC has consolidated within the $53-$59 region in recent weeks, mirroring efforts seen in 2022.

However, a breakdown from this range during the 2018 and 2020 bear markets plunged prices under $30.

While market conditions vary and a further rise remains the overall outlook, analysts have highlighted current price levels as crucial.

An oversold bounce looms if Bitcoin stabilizes and taps $75,000-$80,000.

But the benchmark digital asset has pulled back to near $68,000, and analysts say it could plummet to under $50,000.

This is a bearish bias that won't augur well for Litecoin, and failure to hold the crucial demand zone will only fuel deeper corrections.

Litecoin price short-term forecastAs highlighted, Litecoin plunging to $30 remains plausible if $50 support fails.

Geopolitical tensions and the threat of an escalation in the Iran war are significant factors.

Meanwhile, macro headwinds, including weak US labor data and institutional outflows from digital assets, will amplify downside risks.

A combination of these headwinds has already seen LTC decline nearly 30% year-to-date.

However, consolidation above $50 means that prices are only 3% down in the past month.

Analysts say the next days and weeks will be critical in terms of the US/Israel-Iran war.

“There are no major macroeconomic data releases this week. The only significant macroeconomic event at present is that it will soon be one month since the US and Israel launched their attack on Iran, and it remains to be seen how tensions will unfold,” Greeks.live noted on X.

From a technical perspective, the monthly RSI is bearish, as is the MACD, which shows an expanding negative histogram.

Litecoin price has closed in the red in each of the last six months. With days to go, March could mark a seventh-consecutive monthly dump.

A bearish flag pattern on the daily chart suggests downward danger.

The MACD is hinting at a bearish crossover below the zero line, and RSI is downsloping toward oversold territory (currently at 43).

If further price erosion happens, LTC will dip to support at $45 before accelerating towards $30.

On the upside, an invalidation of the short-term bear case could bring the resistance zone around $81-$112 into play.

Analysts at research and brokerage firm Bernstein highlighted Circle (CRCL) and Coinbase (COIN) as primary vehicles for stablecoin exposure, pointing to the USDC partnership between the two firms and the emerging role of stablecoins in agentic machine payments as a potential upside driver.

“We view agentic machine payments as an upside optionality for stablecoins,” the analysts led by Gautam Chhugani wrote in a note to clients on Monday. “This is not a ‘here and now’ material impact on stablecoin demand, but some potential role of stablecoins in the agentic machine economy.”

The analysts described machine payments as transactions initiated, authorized, and settled entirely by software or autonomous devices rather than humans. Unlike automated bill payments or recurring subscriptions, these payments are intrinsically programmatic, enabling real-time decision-making, price negotiation, and settlement without human intervention.

Bernstein said stablecoins are particularly suited to this environment because they are programmable, instant, micropayment-friendly, and globally accessible. Payment logic such as escrow, conditional release, or revenue splitting can be embedded directly into stablecoins, allowing agents to transact without calling a bank or waiting for confirmations.

Per the note, transfers settle in seconds, enabling AI agents to pay for compute or data in real time. High-throughput blockchains and state channels make it economically viable to execute microtransactions at scale. And, stablecoins are borderless, removing the need for SWIFT, correspondent banking, or FX conversion, the analysts said.

Several firms have begun building infrastructure to operationalize these capabilities. Coinbase is building the x402 agent payments protocol, which embeds payments into the HTTP layer of the internet, while Circle launched nano payments infrastructure for agents. At the same time, Stripe, through its blockchain investments in Bridge and Privy, launched the Machine Payments Protocol on the Tempo blockchain. 

Limited traction, but stablecoin volumes surge Bernstein said the traction so far on machine payments protocols has been limited, noting that Stripe’s MPP clocked $5,000 in volume during its first week of launch. Coinbase’s x402 protocol has processed approximately $25 million in volume over the last 30 days. 

Despite these nascent figures, the analysts emphasized that their broader investment case for stablecoins does not depend on the success of machine payments, as the sector is already experiencing sustained demand across consumer and enterprise applications.

The note cited exponential growth in general payment use cases, including business cross-border settlements, consumer remittances, and card-linked stablecoin neo-banking. Circle’s (USDC) supply and volumes are currently at all-time highs, supported by a new category of fintech firms building exclusively on stablecoin rails. Notably, USDC now leads market share by transaction volumes despite being second in global supply by market capitalization, the analysts said.

According to the note, the stablecoin investment case is "fast diverging" from the wider crypto market, positioning the assets as a hyper-growth financial services category.

The analysts concluded that investors should continue viewing Circle and Coinbase as the most direct proxies for stablecoin exposure. Agentic payments represent additional upside optionality, but the core investment thesis rests on broader adoption and liquidity of USDC.

Gautam Chhugani maintains long positions in various cryptocurrencies. Certain affiliates of Bernstein act as market makers or liquidity providers in the equity securities of Circle and Coinbase.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Although the broader cryptocurrency market’s bearish sentiment has weighed on XRP, the token is showing early signs of a potential rebound.

After failing to hold above the $1.50 mark, XRP’s on-chain activity and technical indicators are beginning to align in favor of bullish momentum.

Specifically, whales have accumulated roughly 40 million XRP over the past week, a move that suggests growing confidence among deep-pocketed investors, according to data from Santiment shared by Ali Martinez on March 22. 

XRP whale holding. Source: Ali Martinez Whale-held supply has been trending higher in recent days, climbing from around 3.72 billion XRP to nearly 3.80 billion. This steady rise in large-wallet accumulation typically reflects strategic positioning, as whales tend to build exposure during periods of price weakness in anticipation of a recovery.

XRP flashes buy signal  At the same time, analysis by Martinez on March 22 shows that XRP’s 12-hour chart remains in a sustained downtrend, with prices sliding from above $1.50 to near the $1.40 level. 

However, this decline coincides with a bullish signal from the TD Sequential, which identifies trend exhaustion and potential reversals by tracking consecutive price movements. With the sequence now complete, it suggests selling pressure may be fading.

XRP price analysis chart. Source: Ali Martinez The indicator has flashed a buy signal after the recent pullback, pointing to a possible local bottom. Combined with rising whale accumulation, this strengthens the case for a potential shift in market direction.

Overall, XRP has faced continued downward momentum in recent sessions. This pullback follows a period of consolidation in the $1.38 to $1.45 range, after briefly showing signs of recovery from earlier lows near $1.28. 

Analysts note that the asset has struggled to sustain moves above key resistance levels such as $1.39, contributing to the current bearish bias.

XRP price analysis By press time, XRP was trading at $1.37, down about 1.3% in the past 24 hours and over 6% on the weekly timeframe.

XRP seven-day price chart. Source: Finbold XRP’s current price sits below both key moving averages, signaling sustained downside pressure. The 50-day SMA at $1.44 indicates that short-term momentum remains bearish, with price likely to face resistance on any bounce. 

More notably, the 200-day SMA at $2.13 sits well above the current price, confirming a broader long-term downtrend and showing that XRP remains below its macro trend support.

On the momentum side, the 14-day RSI stands at 45.27, placing it in neutral territory. This suggests that while selling pressure has been dominant, the asset is not yet oversold. In practical terms, this means there is no strong exhaustion signal from momentum yet, and price could either continue consolidating or extend lower before a clearer reversal emerges.

Featured image via Shutterstock

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Solana is showing mixed signals as 11.8 million SOL left exchanges in the last 96 hours, while a bearish head and shoulders pattern points to possible downside ahead. Together, the charts place SOL near a key decision zone, with price holding around the high $88 range as traders watch for either a support bounce or a breakdown.

Solana Risks 12% Drop if Head and Shoulders Pattern Breaks NecklineSolana may be setting up for a deeper pullback, according to a chart shared by analyst Crypto Patel on X. The two hour SOLUSDT chart on Bybit shows what appears to be a head and shoulders pattern, with price now hovering near neckline support around the high $88 range. At the time shown on the chart, SOL traded near $89.85.

Solana Head and Shoulders Pattern Chart: Source: Crypto Patel

The pattern marks three peaks. First, the left shoulder formed near March 13. Then, the head pushed higher and topped close to the $98 area around March 17. After that, the right shoulder formed with a lower high near $91 to $92. Meanwhile, the neckline support slopes slightly upward and sits just below current price action.

If that neckline breaks, the chart projects a move lower toward about $77.61. That would imply a decline of roughly 12.22% from the breakdown area. The target comes from measuring the distance between the head and the neckline, then projecting that same distance downward after a confirmed loss of support.

For now, the setup remains unconfirmed because SOL has not yet broken the neckline. Instead, price still trades slightly above that support zone. Therefore, the next move matters. If buyers defend the neckline, the bearish structure could weaken. However, if sellers push SOL below it with follow through, the pattern would likely turn active and shift focus toward the $77 region.

The chart also shows that the right shoulder remains lower than the head, which fits the classic bearish reversal structure. In addition, the neckline has already been tested more than once. Repeated tests can weaken support over time, especially when price fails to reclaim the recent highs.

As a result, the chart now places Solana at a key technical level. A clean break below neckline support would strengthen the bearish case. Until then, the pattern remains a risk signal rather than a completed breakdown.

Solana Exchange Outflows Top 11.8 Million Tokens as Price Holds Near $88More than 11.8 million Solana tokens left crypto exchanges over the last 96 hours, according to data shared by analyst Ali Charts, citing Santiment. The chart shows exchange balances falling steadily from about 28 million SOL to near 26.4 million SOL between the 16th and 19th. Meanwhile, Solana traded at about $88.35 at the latest available price.

Solana Exchange Balance Chart: Source: Ali Charts / Santiment 

The move points to a sharp decline in the amount of SOL held on trading platforms. Usually, when tokens leave exchanges, they move into private wallets, custody solutions, or other forms of storage. As a result, the shift can suggest lower immediate sell side supply, although it does not confirm whether holders plan to keep or move those tokens later.

The chart shared on X shows a clear drop over four days. First, exchange balances stood near 28 million SOL. Then they fell to roughly 26.9 million, slipped again to around 26.6 million, and finally dropped close to 26.3 million. That matches the reported 11.8 million SOL withdrawn during the period.

At the same time, Solana price action stayed relatively close to the high $80 range instead of posting a major breakout. That matters because large exchange outflows do not always lead to an immediate price jump. Sometimes they reflect accumulation. Other times, they simply reduce liquid supply while traders wait for a new catalyst.

For now, the main signal is the size and speed of the withdrawals. A multi day decline in exchange balances of this scale shows coins moving away from centralized venues. Therefore, traders will likely watch whether SOL can hold above current levels and whether exchange reserves continue to fall in the coming sessions.

Stablecoin supply on the XRP Ledger has surged to a new all-time high of $568 million since December 2025, a gain of more than 100%, according to data from Artemis.

Interestingly, this lands at a time when the network is also picking up more small holders, as wallet addresses holding less than 100 XRP have reached a record 5.66 million.

Coinglass’ Binance data shows open interest in XRP has dropped to about $372.6 million, the lowest reading since 2024 and far below earlier periods when open interest ran above $1.7 billion and XRP traded above $3 during stronger upside runs.

The chain itself is busier, but still, during the little strong market runs crypto has had in 2026, XRP’s open interest pushed past an average of +$1.5 to $1.7 billion, and the token did trade above $3 that one time.

Sadly, right now, that level of leveraged conviction is gone, thanks to the market swings caused by the war US and Israel started in the Middle East.

Retail XRP holders keep growing as South Korea’s stablecoin balances crash abruptly The retail side of XRP keeps getting bigger still, with a brand new high of 5.66 million addresses and less than 100 XRP, showing that participation is widening at the lower end of the wallet base, per data from CryptoQuant.

All this is coming amid a tense time in South Korea, where stablecoin balances tied to the country’s five biggest crypto exchanges have fallen by 55% since July 2025.

On-chain data from Upbit, Bithumb, Coinone, Korbit, and GOPAX shows combined holdings dropped from $575 million in July to roughly $188 million by mid-March.

The slide picked up after the won weakened past 1,500 per dollar in mid-March and hit its lowest level against the dollar in 16 years.

That exchange rate had not been seen since the 2008 financial crisis, so yeah, traders sold USDT when the USD/KRW rate became more attractive.

South Korea is also dealing with a stock market problem though, as its blue-chip Kospi plunged 6.5% to 5,405.75, and the small-cap Kosdaq fell 5.6% to finish the session at 1,096.89.

Elsewhere, ERC20’s stablecoin active addresses went from about 85,000 in March 2025 to around 600,000 in March 2026, which is a 600% rally in what has been a steady rise since 2024, according to Artemis.

Meanwhile, in supply changes this year, USDC has led the pack with a $4.5 billion increase, the largest gain among tracked stablecoins.

USDT has gone the other way, shrinking by about $2 billion. Exchange reserves now stand at $65.37 billion, down 0.72% in the last 24 hours. Net outflows have passed $485 million, showing funds are leaving exchanges for self-custody instead of leaving the market completely.

Total stablecoin supply is now $316.45 billion, up 0.17% on the week. USDT rose 0.08% to $184.1 billion, while USDC slipped 0.22% to $79.1 billion.

Sui (SUI) price has dropped to under $0.90 as sellers strengthen following a breach of the critical $1.00 level.

This comes amid escalating bearish momentum across cryptocurrency markets, and a further crash could plunge the altcoin to lows of $0.70.

Sui (SUI) has declined about 5% over the past 24 hours and is down more than 16% over the past week.

The token has struggled to gain momentum despite Stripe’s subsidiary, Stablecoin, launching the Sui Dollar ($USDsui) on the Sui blockchain.

The price weakness comes in line with a broader market downturn that has weighed on Bitcoin and the wider crypto market in recent months.

Market weakness sends Sui below $0.90As noted, most altcoins have extended recent weakness as prices slip below key support levels, a trend reflected in Sui (SUI).

The token has come under pressure alongside Bitcoin, which retreated toward $68,000 on Monday, triggering signs of capitulation among buyers.

Broader market dynamics have compounded the downturn in 2026.

Comments from Jerome Powell, pointing to persistent inflation, have reinforced a risk-off environment.

At the same time, concerns over energy market disruptions linked to the Iran conflict have added to bearish sentiment.

The uncertainty, combined with weak technical momentum, has led to long liquidations outpacing shorts, while funding rates have turned sharply negative.

In the absence of fresh catalysts, SUI risks extending its decline toward multi-month lows.

What's next for bulls?SUI reached an all-time high of $5.35 in January 2025 but has trended steadily lower since then.

The token is currently down about 83% from that peak, reflecting sustained bearish pressure.

From a technical perspective, SUI has slipped below its 20-day exponential moving average after facing rejection at the 50-day EMA.

These indicators now act as key resistance levels around $0.95 and $1.03.

Momentum indicators also point to continued weakness.

The relative strength index (RSI) stands near 40, suggesting the token is approaching oversold territory, while the moving average convergence divergence (MACD) signals ongoing selling pressure.

For bullish investors looking at a potential rebound in Sui (SUI), the near-term path depends on reclaiming the $0.90 level and testing resistance around $0.93–$0.95.

A sustained move above this former consolidation zone could provide short-term relief.

If the token manages to hold and flip this area into support, analysts see scope for a move toward $1.10–$1.27, which aligns with the upper boundary of the range near the 100-day EMA.

In more optimistic scenarios, further recovery toward $1.56–$2.33 could follow.

However, the near-term outlook remains cautious.

The Money Flow Index points to continued downward pressure, and broader market conditions remain a key factor.

Stability in Bitcoin, along with improvements in on-chain metrics such as active addresses and whale activity, would likely be needed to support a stronger recovery.

On the downside, a deeper correction could see SUI fall toward $0.70, with additional support zones at $0.57 and $0.45.

If selling pressure intensifies further, the token could approach its all-time low of $0.36, recorded in October 2023.

Cardano (ADA) price trades near $0.25 as a bullish divergence on the 12-hour chart flashes for the second time in three weeks, coinciding with Input Output Global’s confirmation that the Midnight sidechain launches this week.

The launch brings shielded transactions to the Cardano ecosystem, potentially expanding use cases in private DeFi, real-world assets, and payments. Whether the Cardano price can capitalize on this catalyst depends on the technical and on-chain setup underneath.

Bullish Divergence Repeats a Proven PatternThe 12-hour chart on Kraken shows a standard bullish divergence forming between January 31 and March 22. During that period, the ADA price carved a lower low on the candles while the Relative Strength Index (RSI), a momentum indicator, printed a higher low. The RSI currently reads 35.39, near oversold territory.

This is not the first time the signal has appeared. An identical divergence formed between January 31 and March 8. After that setup confirmed, Cardano rallied roughly 20% from its base to a high near $0.295. The pattern and percentage are visible on the chart, with a 20.21% move.

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ADA RSI Bullish Divergence: TradingViewThe question now is whether history repeats. The divergence alone does not guarantee a rally, but it establishes that momentum is diverging from price in the same way it did before the last sizeable bounce. More so, before the critical Midnight launch happens.

Midnight is a privacy-focused sidechain built on zero-knowledge technology. It begins in federated mode with key validators before transitioning to full decentralization.

Whether buyers show up to act on it is what the next section addresses.

Whales Add as Sell Pressure FadesTwo of the largest Cardano whale cohorts have been accumulating since the latest dip began around March 18. According to Santiment data, addresses holding between 10 million and 100 million ADA increased their combined stash from 13.56 billion to 13.61 billion since March 19, a net addition of roughly 50 million ADA. The smaller cohort, holding between 1 million and 10 million ADA, started adding on March 20, growing from 5.67 billion to 5.70 billion, an increase of approximately 30 million ADA.

ADA Whale Accumulation: SantimentTogether, these two groups added over 80 million ADA in four days. The timing aligns with the Midnight announcement from Input Output Global on March 22, suggesting that larger holders positioned themselves ahead of the news rather than reacting to it.

Supporting the case further, sell-side pressure has possibly thinned considerably. The percent of total ADA supply in profit dropped from 15.47% on March 17, when ADA traded near $0.29, to just 5.73% currently. That is a roughly 63% collapse in profitable supply. With fewer holders sitting on gains, the incentive to sell into a bounce weakens significantly.

ADA Supply in Profit Decline: SantimentWhales are adding. Profitable supply has been flushed. The divergence is flashing. But the Cardano price chart determines whether this translates into actual movement.

Cardano Price Levels That Define the Next MoveThe immediate floor-like zone sits at $0.248. A daily close below this zone would prematurely invalidate the RSI divergence and open a path toward the year-to-date low near $0.220. However, as long as the RSI maintains its higher low structure, the bullish setup technically remains intact even with minor price dips.

On the upside, the first Cardano price target sits at $0.267, the 0.236 Fibonacci level. Beyond that, $0.295 is the previous bounce high and the level where the last divergence-driven rally topped out. A move past $0.295, roughly an 18% rise from current levels, would bring the 0.618 Fib at $0.302 into play. If momentum sustains, the 1.0 Fibonacci extension at $0.337 becomes the stretched target.

Cardano Price Analysis: TradingViewThe Midnight launch provides the fundamental catalyst. The RSI divergence provides the technical setup. The whale accumulation and collapsing profitability provide the on-chain confirmation. Currently, holding above $0.245 separates a second divergence-driven bounce from a breakdown toward $0.220.

In brief DeFi platform Resolv Labs’ USR stablecoin depegged and crashed more than 70% following an exploit Sunday. An attacker exploited the USR stablecoin contract using a compromised key, and minted 80 million tokens. The hacker cashed out some $25 million through various DeFi protocols. Resolv Labs' USR stablecoin has depegged from the U.S. dollar and crashed more than 70% after an attacker exploited its contract to mint 80 million uncollateralized tokens.

According to a tweet from the DeFi platform, the attack leveraged a “compromised private key” to mint $80 million worth of uncollateralized USR. A post-mortem from blockchain forensics firm Chainalysis reported that the attacker then quickly converted the unbacked USR into a staked version, wstUSR, before swapping it into other stablecoins and then Ethereum.

This notice is issued on behalf of Resolv Digital Assets Ltd. in relation to the Resolv protocol.

Earlier today, a malicious actor gained unauthorized access to Resolv infrastructure through compromised private key, resulting in the minting of approximately $80M of…

— Resolv Labs (@ResolvLabs) March 22, 2026

In total, the attackers extracted roughly $25 million in value, Chainalysis noted. Following the exploit, USR lost its peg to the U.S. dollar, plunging by more than 74% according to CoinGecko, as the attacker moved to cash out the illegally minted tokens.

Resolv Labs stated that some $9 million in USR has been burned in order to “reduce the potential impact,” while the DeFi platform is “working with law enforcement and onchain analytics firms” to identify the hackers responsible and contain illicitly minted USR.

The firm paused all protocol functions in the wake of the exploit, and stated that it is preparing to enable redemptions for “pre-incident USR,” starting with allowlisted users.

According to analysis from data platform RootData, the attack method potentially involved "manipulated oracles, leaked off-chain signer keys" or other vulnerabilities in the minting mechanism. Chainalysis reported that the attack was enabled because minting approvals relied on an “off-chain service that used a privileged private key to sign off on how much USR could be created,” with the smart contract failing to impose any maximum limit on USR minting.

Crypto fund D2 Finance described the cash-out process as a "textbook DeFi hacking cash-out path," with attackers sending USR in batches to multiple liquidity protocols while prioritizing large sell-offs.

This is the latest in a series of DeFi security incidents in recent months, including Solana protocol Step Finance's decision to wind down weeks after suffering a $29 million hack, and an oracle error that left DeFi lender Moonwell with $1.8 million in bad debt.

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Stablecoin supply on the XRP Ledger (XRPL) has seen a sharp increase over the past few months, rising around 100% since December 2025.

Specifically, the total supply sat at $568.9 million on March 20, 2026, having gone up from $284.8 million recorded on December 1 last year, as evidenced by the latest Artemis data.

XRPL stablecoin supply. Source: Artemis Also notable is that the growth has been generally steady, with only a few short periods of decreased activity in January and February this year.

As the global stablecoin supply sits around $315.2 billion, XRP Ledger commands roughly 0.18% of it.

While XRPL is far from the likes of Ethereum (ETH), which holds approximately $170.8 billion in stablecoins, the continuous growth nonetheless shows that the Ledger’s utility is evolving.

XRP Ledger continues to grow The growth of the XRP Ledger has not been limited to stablecoins. For instance, the number of wallet addresses holding less than 100 XRP has also climbed to a record 5.66 million, according to March 20 data published by Santiment. 

For comparison, wallets holding 100 to 100,000 XRP now number 2.01 million, while whales, those with more than 100,000 XRP, boast 32,054 wallets. These new milestones point to rising retail participation as more individuals interact with the network. 

Growth in smaller wallet balances, in particular, suggests the ecosystem is becoming more widely distributed among users, while large holders often dominate market attention. 

However, it must be noted that, despite increased chain activity, open interest in XRP itself has dropped quite drastically over the past months, going down from $4.05 billion on December 1, 2025, to $2.32 at the time of writing, March 23, 2026.

In other words, while on-chain usage and participation across the XRP Ledger appear to be expanding, derivatives market positioning has cooled significantly, indicating a more cautious stance among traders, even as the network’s underlying activity continues to grow.

Featured image via Shutterstock

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A $679K exploit involving a liquidity pool on PancakeSwap has raised fresh questions about risk in decentralised finance (DeFi).

While the incident did not directly compromise PancakeSwap itself, it still arrived at a sensitive time for the CAKE token.

CAKE’s price action has remained weak, with the token currently trading near $1.35 after a modest daily decline.

This drop, however, appears to be driven more by broader market conditions than by the exploit alone.

The crypto market has been under pressure due to macroeconomic uncertainty and a general shift away from risk assets amid the ongoing war in Iran, and CAKE has been moving closely in line with Bitcoin rather than reacting independently.

Market reaction after the exploit remains mutedDespite the headlines surrounding the exploit, CAKE has not experienced a sharp or panic-driven selloff mainly because the exploit has been linked to a flaw in the burn mechanism of the BCE token used in the affected pool rather than the PancakeSwap protocol.

According to sources, the attacker manipulated this burn mechanism to distort liquidity pool balances and extract value.

ALERT! Our system detected a suspicious transaction targeting a PancakeSwap pool (BCE–USDT) on #BSC hours ago, resulting in ~$679K in losses. The root cause appears to be a flawed burn mechanism in the BCE token. The attacker deployed two malicious contracts to bypass buy/sell

Such an attack highlights a growing concern in DeFi, where token design can introduce vulnerabilities even when the platform itself is secure.

For CAKE holders, this distinction is important because it limits the direct impact on the token’s long-term fundamentals.

Even so, the presence of such risks can still weigh on sentiment across the ecosystem.

PancakeSwap technical analysisAt the moment, price remains below its short-term moving average, which signals a bearish bias in the near term.

Volume has also increased during the recent decline, indicating that sellers are still active in the market.

From a technical perspective, CAKE is currently trading within a narrow range that reflects market indecision.

The $1.30 level has emerged as an immediate support, while the immediate resistance sits near $1.42 based on recent price behaviour.

On the upside, a break above $1.42 could open the path to $1.52, a key breakout level for traders to watch.

Further resistance levels are seen near $1.68 and $1.84 if momentum builds.

Macro pressure outweighs PancakeSwap-specific factorsThe broader crypto environment is currently playing a dominant role in CAKE’s price movement.

Recent signals from central banks and ongoing geopolitical tensions in the Middle East have pushed investors toward safer assets.

This has resulted in a general pullback across altcoins, including CAKE.

Bitcoin’s performance continues to act as the main driver, with altcoins following its direction closely.

As long as this correlation remains strong, CAKE is unlikely to show independent strength.

A recovery in the wider market would likely provide the support needed for a rebound.