Market Signal Briefing

Ripple’s XRP is attempting to rebuild longer-term upside momentum despite a near-term pullback, as investors weigh persistent outflows from XRP exchange-traded products against a growing list of regulatory and infrastructure catalysts that could expand institutional usage.

As of Saturday, March 21, 2026 (ET), XRP (XRP) traded around $1.39, down 3.39% over the past 24 hours. Losses extended across multiple timeframes, with the token down 4.36% on the week and 2.74% over the month. Over the past 60 and 90 days, XRP fell 29.21% and 26.98%, respectively, underscoring the intensity of the recent correction.

On-chain indicators suggest the drawdown is leaving a large portion of holders under pressure. Analysts tracking network cost bases estimate roughly 36.8 billion XRP are currently held at an unrealized loss—equivalent to about $50.8 billion. The figure marks the largest unrealized loss profile since late 2023 and raises the probability of additional selling if investors capitulate into weakness.

Trading activity, however, spiked sharply. XRP’s 24-hour volume reached about $1.84 billion, up 88.04% day-over-day. Centralized exchanges accounted for approximately 99.9% of that flow—about $1.834 billion—while decentralized exchange volume was roughly $1.44 million, highlighting that price discovery remains overwhelmingly CEX-driven during periods of volatility.

ETF-linked flows have offered little relief. In March, XRP ETFs recorded net inflows on only four sessions, with the most recent inflow of around $1.98 million on March 20 (ET). Six sessions posted net outflows, signaling uneven demand and cooling sentiment. The Bitwise XRP ETF reported a net loss of about $25.9 million tied to price declines, with no realized investment gains reported over the period and a per-share loss of $2.31.

Despite this, total assets under management across XRP ETFs held near $1.02 billion, suggesting the category remains sizable even as growth has slowed. Market participants say the divergence—soft secondary-market flows versus expanding institutional plumbing—has become central to the XRP debate.

Ripple’s institutional liquidity offering, Ripple Prime, recently joined the Depository Trust & Clearing Corporation’s (DTCC) clearing system, a move viewed as incremental but meaningful for connecting crypto liquidity services to traditional market infrastructure. While DTCC integration does not guarantee immediate volume migration, analysts said it strengthens the narrative that XRP-related services are being positioned for broader institutional workflows.

Ripple is also pushing its cross-border payments agenda more aggressively, with industry forecasts cited at a recent financial summit projecting that cross-border settlement via the XRP Ledger could reach $10 trillion by 2030—roughly seven times the current daily transaction volume attributed to SWIFT. Such projections are highly speculative, but they reflect a view that tokenized liquidity and faster settlement rails may capture a larger share of global payments over the next decade.

Speculation around potential partnerships has added to that narrative. Event speakers and market commentators floated the possibility of collaboration between BlackRock and Ripple, though no deal has been confirmed. BlackRock’s expansion in digital assets through spot Bitcoin (BTC) ETFs has made it a bellwether for 'institutional demand'; any formal move into XRP-related products or infrastructure would likely be interpreted by traders as a credibility boost for the ecosystem.

Ripple Chief Executive Brad Garlinghouse has argued that regulation and adoption are reinforcing each other. “As regulatory clarity and institutional adoption come together, XRP is positioned to emerge as a next-generation global payments standard,” he said, framing recent developments as structural rather than cyclical.

Regulatory developments remain the most closely watched catalyst. According to the report’s framing, U.S. regulators including the Securities and Exchange Commission and the Commodity Futures Trading Commission have classified XRP as a 'digital commodity', a characterization that markets interpret as reducing securities-law overhang. Separately, progress in Washington around stablecoin yield provisions was described as improving the odds for broader crypto market-structure legislation, including the CLARITY Act.

Garlinghouse said a markup could take place in April, and he put the probability of passage by late April at 90%. If enacted, the legislation could provide a clearer compliance perimeter for exchanges, custodians, and institutional allocators—conditions that typically support deeper 'liquidity inflow' and more consistent product issuance, though timelines and enforcement details would still matter.

Price targets remain wide and highly assumption-dependent. Some crypto research outlets have pointed to a potential 2026 bull-cycle resurgence if regulatory catalysts and global expansion coincide. Longer-range forecasts for 2030 span from $5 to $28, with more conservative scenarios assuming regulatory delays and intensifying competition, and optimistic cases hinging on CLARITY Act passage, deeper institutional integration such as DTCC-linked workflows, and the emergence of major partnerships.

At current levels, XRP’s market capitalization stands at about $85.25 billion, representing roughly 3.62% of the broader crypto market, while its fully diluted valuation is estimated near $138.98 billion. Circulating supply is approximately 61.34 billion XRP—about 61.3% of the roughly 99.99 billion total supply.

For now, XRP sits at the intersection of near-term headwinds—ETF outflows and a large unrealized-loss overhang—and longer-term tailwinds tied to regulation, infrastructure expansion, and institutional adoption. Whether those structural themes can offset selling pressure will likely define XRP’s trajectory into the next phase of the market cycle.

Article Summary by TokenPost.ai

🔎 Market Interpretation

Price trend: XRP trades near $1.39 (−3.39% 24H), with additional weakness across 7D (−4.36%), 30D (−2.74%), 60D (−29.21%), and 90D (−26.98%), signaling a sustained correction phase.

Holder stress signal: Roughly 36.8B XRP are estimated to be held at an unrealized loss (about $50.8B), the largest such profile since late 2023—raising the risk of further selling if capitulation accelerates.

Liquidity + volatility: Trading volume jumped to $1.84B (+88% DoD), indicating heightened activity during the drawdown. Price discovery remains overwhelmingly CEX-driven (≈99.9% of volume), limiting the stabilizing role DEX liquidity might provide.

ETF demand mixed-to-soft: March showed only 4 inflow sessions versus 6 outflow sessions. The Bitwise XRP ETF reflected a notable drawdown (≈$25.9M loss tied to price), contributing to near-term sentiment pressure.

Resilience in product footprint: Despite choppy flows, XRP ETF AUM holds near $1.02B, suggesting the category remains meaningful even as incremental demand cools.

Core market tension: The article frames a divergence between weak near-term flows (ETPs/outflows, unrealized-loss overhang) and longer-term positioning (regulation, infrastructure integration, institutional plumbing).

💡 Strategic Points

Watch capitulation risk zones: A large unrealized-loss base can become supply if price fails to recover; traders may monitor for forced selling signals (sharp red candles + elevated volume) versus absorption (high volume with stabilization).

Use ETF flow regime as a sentiment gauge: Persistent net outflows can cap rallies; a shift to consistent inflows would be an early indicator that institutions are re-risking into XRP exposure.

Infrastructure catalyst—DTCC connectivity: Ripple Prime’s inclusion in DTCC clearing is framed as incremental but constructive for institutional workflows, potentially lowering operational friction (clearing/settlement compatibility) even if it doesn’t immediately drive volume.

Regulatory catalyst—classification framing: The report states U.S. agencies characterize XRP as a “digital commodity”, which markets interpret as reducing securities-law uncertainty—often a prerequisite for broader institutional participation and product rollout.

Legislative timeline risk: The proposed CLARITY Act and broader market-structure developments are presented as key tailwinds. However, outcomes depend on legislative timing, final wording, and enforcement—meaning the catalyst is high-impact but not guaranteed.

Payments-growth narrative remains speculative: Projections of $10T cross-border settlement via XRPL by 2030 support the bull thesis but are explicitly speculative; investors may discount such forecasts unless adoption metrics (enterprise usage, volume, corridors) confirm traction.

Partnership optionality: Unconfirmed talk of BlackRock–Ripple collaboration acts as narrative leverage. Confirmation could be a credibility boost; lack of follow-through can create headline-driven volatility.

Valuation context: Market cap ≈ $85.25B, FDV ≈ $138.98B, circulating supply ≈ 61.34B (≈61.3% of total). FDV vs. market cap highlights the importance of supply dynamics in long-horizon valuation assumptions.

Scenario framing for targets: The article notes wide 2030 ranges ($5–$28), implying outcomes hinge on (1) regulatory clarity, (2) institutional infrastructure uptake, and (3) competitive pressure in cross-border payments and tokenized liquidity.

📘 Glossary

Unrealized loss: A paper loss held by investors when the current price is below their estimated cost basis; can become realized if they sell.

Cost basis: The average purchase price of an asset held by an investor cohort; used to estimate profitability and potential sell-pressure zones.

Capitulation: A phase where holders sell aggressively after sustained losses, often accompanied by high volume and sharp price declines.

CEX / DEX: Centralized vs. decentralized exchanges. CEXs often dominate liquidity and price discovery; DEXs enable on-chain trading without a central intermediary.

ETP/ETF flows: Net creations/redemptions (or equivalent) that indicate whether capital is entering or leaving exchange-traded products tied to an asset.

AUM (Assets Under Management): Total value of assets managed by an ETF/ETP provider; indicates product size and market footprint.

DTCC: Depository Trust & Clearing Corporation—major U.S. post-trade market infrastructure that supports clearing and settlement for traditional finance.

XRPL (XRP Ledger): The blockchain network associated with XRP, often positioned for payments and settlement use cases.

Market structure legislation: Laws that define regulatory roles, compliance requirements, and operational rules for crypto venues (exchanges, brokers, custodians).

Market capitalization vs. FDV: Market cap uses circulating supply; Fully Diluted Valuation (FDV) uses total supply—useful for understanding potential dilution/supply effects.

Strategy executive chair Michael Saylor has hinted that his company bought more Bitcoin despite a market tumble over the weekend that has now pushed his company’s Bitcoin bet into a 10% loss. 

“The Orange March Continues,” Saylor posted to X on Sunday, alongside a chart showing Strategy’s roughly $52 billion worth of Bitcoin (BTC) purchases since August 2020. 

Saylor often posts the chart as a signal that his company has bought, or plans to buy more Bitcoin and it is often seen as a bullish signal for investors. 

Source: Michael SaylorThe potential buy would add to Strategy’s larger-than-usual Bitcoin purchases this month, including 17,994 Bitcoin on March 9 and 22,337 Bitcoin on March 16, amounting to $2.9 billion in Bitcoin. 

It also comes amid heightened military tensions between US and Iran, causing fears of a prolonged energy and oil crisis. 

Bitcoin fell 4% to $67,725 on Sunday before partially recovering to $68,100 at the time of writing.

With Strategy’s average cost per Bitcoin at around $75,696, the company is currently down more than 10% on its Bitcoin bet, according to BitcoinTreasuries.

Details of Strategy’s Bitcoin holdings. Source: BitcoinTreasuries.NET
Strategy had been funding much of its Bitcoin purchases through high-yield perpetual preferred stock offerings — such as Stretch (STRC) — giving investors monthly dividends while the company grows its Bitcoin treasury without diluting MSTR common shares. 

However, it halted funding through STRC last week after failing to raise fresh capital from the preferred stock.

MSTR back in the red after short-lived rallyStrategy (MSTR) shares fell 6.6% last week to $135.66, erasing some of the double-digit gains they made earlier in the month, Google Finance data shows.

It was one of the top performers in the US stock market from January 2023 through to July 2025, but has since fallen 68.7% from its $434.20 all-time high.

Other corporate Bitcoin treasury stocks have been hit even harder, which caused some doubt over the sustainability of corporate crypto treasuries last year.

Magazine: Big Questions: Can Bitcoin save you from the dreaded Cantillon Effect?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Navitas Semiconductor got a lot of attention last year as its stock price surged some 376% for the year to more than $17 per share in late October.

The chipmaker's stock price has fallen back to roughly $9 per share as of March 19, but it is still up 23% year to date and 250% over the past 12 months.

Navitas' meteoric rise was fueled by several factors. One of the major catalysts was a new partnership with Nvidia to supply it with its gallium nitride (GaN) and silicon carbide (SiC) chips for AI data centers. These Navitas chips are considered faster and more efficient than traditional silicon wafers and will be used in Nvidia's next-generation data center architecture, starting in 2027.

Image source: Getty Images.

Also, Navitas is pivoting from providing chips for consumer markets -- smart phones, PC, and electronics -- to bigger power markets, like data centers, electric vehicles, and industrial.

Analysts expect to see revenue decline this year, due to the pivot, but bounce back in 2027 when the Nvidia contract kicks in.

Navitas stock has a median price target of $8 per share, which would suggest a 9% decline in the stock price. While Navitas stock could certainly be a stellar long-term option, it is still not consistently profitable and faces uncertainties with its pivot.

A more cautious investor may want to consider a less volatile AI stock, IBM (IBM 1.56%).

IBM pivots toward AI and quantum computing IBM has made the transition from a computer hardware company to an AI powerhouse, focusing on AI consulting through its watsonX platform and cloud computing.

In 2025, IBM grew revenue by 8% and adjusted earnings by 12%. It also lifted its gross profit margin by 1.7 percentage points to 59.5%. For this fiscal year, it anticipates revenue growth of 5% and free cash flow to increase by about $1 billion.

In March, IBM signed an agreement with Nvidia for its watsonX AI platform to increase performance and reduce costs for the extraction of large AI datasets.

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IBM also recently acquired Confluent and its data streaming platform, used by 40% of Fortune 500 companies. The smart data platform gives AI models and agents the data needed to operate across hybrid cloud environments. Typically, AI data is siloed and takes longer to access, so IBM is seeking to use Confluent to deliver data faster and securely at scale.

IBM is also a leader in quantum computing. It recently released a new "blueprint" for quantum supercomputing. Basically, the blueprint details how quantum computing architecture can work alongside GPUs and CPUs.

So, with its strong margins and cash flows, IBM is investing in its AI and quantum futures.

In addition, it has raised its dividend for 27 years in a row and currently pays out a high 2.67% yield.

Analysts are bullish on IBM stock, with a median price target of $340 per share, suggesting 36% upside. Further, IBM stock is reasonably valued with a forward price-to-earnings ratio of just 20.

IBM stock may not be prone to 376% price bursts like Navitas, but I think in both the near-term and the long-term, IBM has set itself up to be a consistent winner.

March 22, 2026 20:00 ET  | Source: HUTCHMED (China) Limited

HONG KONG and SHANGHAI and FLORHAM PARK, N.J., March 23, 2026 (GLOBE NEWSWIRE) -- HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:​HCM; HKEX:​13) today announces that it has initiated a registrational Phase III clinical trial of HMPL-760 in combination with R-GemOx (rituximab, gemcitabine and oxaliplatin) in patients with relapsed/refractory diffuse large B-cell lymphoma (“DLBCL”) in China. The first patient received the first dose on March 20, 2026.

DLBCL is the most common form of aggressive non-Hodgkin lymphoma (“NHL”) worldwide, accounting for approximately 40% of all NHL cases in China.1  In 2022, approximately 81,000 new cases of NHL are estimated to have been diagnosed in China.2 Bruton’s tyrosine kinase (“BTK”) is considered a validated target for drugs that aim to treat certain hematological cancers. HMPL-760 is a highly potent, selective, and reversible inhibitor with long target engagement against BTK, including wild-type and C481S-mutated BTK.

The trial is a randomized, double-blind, positive controlled Phase III study to evaluate the efficacy, safety, and pharmacokinetics (“PK”) of HMPL-760 in combination with R-GemOx versus placebo in combination with R-GemOx in DLBCL patients who are relapsed or refractory after prior treatment with first-line systemic chemotherapy, immunotherapy, or immunochemotherapy regimens and ineligible for transplantation. Primary outcome measures include investigator-assessed progression-free survival (“PFS”) and overall survival (“OS”). Secondary outcome measures include independent review committee (“IRC”)-assessed PFS, IRC- and investigator-assessed objective response rate (“ORR”), complete response rate (“CRR”), duration of response (DoR), clinical benefit rate (CBR), time to response (TTR), safety and PK characteristics. Additional details may be found at clinicaltrials.gov, using identifier NCT07409428.

This registrational trial plans to enroll approximately 240 patients and is being led by principal investigator Professor Weili Zhao, Vice President of Ruijin Hospital Affiliated to Shanghai Jiao Tong University School of Medicine and Director of the Shanghai Institute of Hematology.

About HMPL-760

HMPL-760 is an investigational, non-covalent, third generation BTK inhibitor. It is a highly potent, selective, and reversible inhibitor with long target engagement against BTK, including wild-type and C481S-mutated BTK. BTK C481S mutation plays an important role in resistance to certain BTK inhibitors.3,4

A randomized, double-blind Phase II study (NCT06601504) evaluating HMPL-760 in combination with R-GemOx in patients with relapsed/refractory DLBCL has demonstrated encouraging improvements in ORR, CRR, PFS and OS compared to R-GemOx alone, with a manageable safety profile and no unexpected safety signal. These encouraging results supported the initiation of this registrational Phase III trial.

HUTCHMED currently retains all rights to HMPL-760 worldwide.

About HUTCHMED

HUTCHMED (Nasdaq/AIM:​HCM; HKEX:​13) is an innovative, commercial-stage, biopharmaceutical company. It is committed to the discovery and global development and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. Since inception it has focused on bringing drug candidates from in-house discovery to patients around the world, with its first three medicines marketed in China, the first of which is also approved around the world including in the US, Europe and Japan. For more information, please visit: www.hutch-med.com or follow us on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect HUTCHMED’s current expectations regarding future events, including its expectations regarding the therapeutic potential of HMPL-760 for the treatment of DLBCL and the further development of HMPL-760 in this and other indications. Forward-looking statements involve risks and uncertainties. Such risks and uncertainties include, among other things, assumptions regarding the timing and outcome of clinical studies and the sufficiency of clinical data to support a new drug application submission of HMPL-760 for the treatment of DLBCL or other indications in China or other jurisdictions, its potential to gain approvals from regulatory authorities on an expedited basis or at all, the efficacy and safety profile of HMPL-760, HUTCHMED’s ability to fund, implement and complete its further clinical development and commercialization plans for HMPL-760 and the timing of these events. In addition, as certain studies rely on the use of other drug products such as R-GemOx as combination therapeutics with HMPL-760, such risks and uncertainties include assumptions regarding the safety, efficacy, supply and continued regulatory approval of these therapeutics.  Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. For further discussion of these and other risks, see HUTCHMED’s filings with the US Securities and Exchange Commission, The Stock Exchange of Hong Kong Limited and on AIM. HUTCHMED undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

CONTACTS

Investor Enquiries+852 2121 8200 / [email protected]  Media Enquiries FTI Consulting –+44 20 3727 1030 / [email protected]  Ben Atwell / Tim Stamper+44 7771 913 902 (Mobile) / +44 7779 436 689 (Mobile)Brunswick – Zhou Yi+852 9783 6894 (Mobile) / [email protected]  Panmure LiberumNominated Advisor and Joint BrokerAtholl Tweedie / Emma Earl / Rupert Dearden+44 20 7886 2500  CavendishJoint BrokerGeoff Nash / Nigel Birks+44 20 7220 0500  Deutsche NumisJoint BrokerFreddie Barnfield / Jeffrey Wong / Duncan Monteith+44 20 7260 1000 _____________________
1Li XQ, Li GD, Gao ZF, et al. Distribution pattern of lymphoma subtypes in China: A nationwide multicenter study of 10002 cases. J Diagn Concepts Pract. 2012; 11(02):111-115.2The Global Cancer Observatory, China fact sheet. https://gco.iarc.who.int/media/globocan/factsheets/populations/160-china-fact-sheet.pdf. Accessed December 3, 2025.3Woyach JA, Ruppert AS, Guinn D, et al. BTKC481S-Mediated Resistance to Ibrutinib in Chronic Lymphocytic Leukemia. J Clin Oncol. 2017;35(13):1437-1443. doi:10.1200/JCO.2016.70.2282.4Woyach JA, Huang Y, Rogers K, et al.  Resistance to Acalabrutinib in CLL is Mediated Primarily by BTK Mutations. Blood.  2019;134 (Supplement_1): 504.  doi:10.1182/blood-2019-127674.

New York, New York--(Newsfile Corp. - March 22, 2026) - Rosen Law Firm, a global investor rights law firm, announces an investigation of potential breaches of fiduciary duties by the directors and officers of Five9, Inc. (NASDAQ: FIVN).

If you currently own shares of Five9, Inc. stock, please visit the firm's website at https://rosenlegal.com/submit-form/?case_id=32046 for more information. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected].

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 litigate securities class actions. 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 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.

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.

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Source: The Rosen Law Firm PA

Nvidia (NVDA 3.17%) has proven its ability to deliver spectacular returns to investors, soaring more than 1,200% over the past five years. The reason for such gains is simple: In just a few short years, Nvidia has constructed an AI empire, selling a wide range of AI products, including the crown jewel, its graphics processing units (GPUs).

The company, thanks to the speed and overall efficiency of these chips, became the AI chip leader early on, and this continues as Nvidia launches innovation after innovation.

All of this pushed earnings and the stock price to record levels, and valuation reached peak levels too. But, in recent times, general geopolitical and economic uncertainty, as well as certain concerns about the AI market, have weighed on Nvidia stock. And today, it trades at a surprisingly low level, at just 21x forward earnings estimates. Is the world's biggest AI stock actually a value play? Let's find out.

Image source: Getty Images.

Nvidia's focus on AI First, let's take a step back and consider Nvidia's position in the AI market today and what may be on the horizon. As mentioned, Nvidia has become a market giant. The company, originally focused on serving chips to the gaming market, began to focus on AI about a decade ago. Nvidia chief Jensen Huang saw the opportunity and pledged to design GPUs specifically to power AI.

Huang's bet clearly was a wise one, as it allowed Nvidia to get in on this market before others and establish its leadership. The company also promised to update its chips on an annual basis to keep this prized position, and it's followed through on this: Over the past year and a half, it's launched Blackwell and Blackwell Ultra, and it's on track to release the Vera Rubin system later this year.

Customers, led by tech giants such as Meta Platforms and Amazon, have flocked to Nvidia for chips and systems, helping earnings skyrocket. In the latest full year, revenue reached a record $215 billion and net income hit $120 billion.

In previous years, Nvidia's chips were known for their strength in training large language models -- and they still perform that necessary task -- but the growth driver ahead will be putting AI to work. And this involves powering inference, or AI models' processes that lead to problem-solving.

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Powering AI agents AI agents, which could be the next big thing in AI, are systems that consider data, plan, and take action -- and they need inference to do this. Nvidia's latest platforms are designed with this in mind, suggesting the company should play a major role in this next phase of AI growth.

Now, let's consider the idea of Nvidia -- a clear growth stock -- actually looking like a value stock too. Value stocks are those that trade for less than what they truly are worth, and this may be the case with Nvidia right now.

The stock trades for 21x forward earnings estimates, down from more than 40x just a few months ago.

This looks incredibly cheap for a company that's delivered double- and triple-digit revenue gains over the past few years -- and that has bright prospects. For example, during the company's GTC conference last week, Huang said orders so far are pointing to $1 trillion in revenue through 2027. And it's important to note that Nvidia's growth has been accompanied by solid profitability on sales, with gross margin surpassing 70%.

On top of this, data shows Nvidia's valuation is closer to that of the average value stock these days than the average growth stock. As of the start of this year, growth stocks are trading at about 29x forward earnings estimates, while value stocks are trading for more than 17x these estimates, according to Siblis Research. This is based on the Russell 1000 Growth and the Russell 1000 Value indexes.

And at the same time, Nvidia's growth remains at growth stock levels. All this means that today, Nvidia could be a fantastic buy for both growth and value investors.

HomeStock IdeasLong IdeasTech 

SummaryAMD guided Q1 2026 revenue to ~$9.8B, including ~$100M China sales, with data center growth offsetting seasonal client and gaming weakness.Q4 included ~$390M China revenue and ~$360M reserve reversal, masking true run-rate but confirming stable CPU demand and resilient GPU sales.Samsung HBM4 partnership enables 13 Gbps and 3.3 TB/s bandwidth, de-risking supply chain ahead of MI455X and Helios system launch.AMD trades at ~6.9x forward EV/Sales versus Nvidia ~11.2x and Broadcom ~14.5x, but higher ~30x P/E reflects margin uncertainty. imaginima/iStock via Getty Images

What is interesting to me about AMD (AMD) is no longer the fact that they have become a legitimate competitor to AI technology which is obvious at this point but the way the company

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. 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.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Zynex To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Zynex between February 25, 2021 and December 15, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

, /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zynex, Inc. ("Zynex" or the "Company") (OTCPK: ZYXIQ) and reminds investors of the April 21, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

James (Josh) Wilson, Faruqi & Faruqi Senior Partner (PRNewsfoto/Faruqi & Faruqi, LLP) Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (a) Zynex shipped products, including electrodes, in excess of need; (b) as a result of this practice, the Company inflated its revenue; (c) the Company's practice of filing false claims drew scrutiny from insurers, including Tricare; (d) on August 21, 2023, Travelers commenced an action against Zynex, Sandgaard, Lucsok and Fox in the Superior Court of California alleging that Zynex and the defendants had embarked on a fraudulent overbilling scheme and sought more than $23 million in damages and civil penalties relating to hundreds of fraudulent claims between 2018 and 2023; (e) management had prioritized aggressive sales strategies to drive orders over compliance with industry laws, rules and regulations; (f) the Company was not committed to maintaining a strong internal control environment; (g) the Company's order growth was a result of illegal overbilling; (h) as a result, it was reasonably likely that Zynex would face adverse consequences, including removal from insurer networks and penalties from the federal government; and (i) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On March 11, 2025, after the market closed, Zynex reported its fourth quarter and full year 2024 financial results, revealing a significant revenue "shortfall" in the quarter "due to slower than normal payments from certain payers." Zynex further revealed "Tricare has temporarily suspended payments as they review prior claims." Tricare is the health insurance program for the U.S. military, and Zynex's largest customer, accounting for 20-25% of revenue.

On this news, Zynex's stock price fell $3.59 per share, or 51.3%, to close at $3.41 per share on March 12, 2025, on unusually heavy trading volume.

Then, on July 31, 2025, the full extent of Defendants' misdeeds were revealed when the Company acknowledged that it had not been in compliance with industry regulations. Also that day, the Company remarked on the "transformational" leadership change during the quarter with the appointment of new Chief Executive Officer ("CEO") Steven Dyson ("Dyson") to replace Sandgaard, and the announced departure of the Company's Chief Financial Officer ("CFO") Daniel Moorhead ("Moorhead"). The Company also temporarily suspended revenue and profitability guidance.

On August 1, 2025, the stock fell from the previous day's $2.23 per share to $1.26 per share, a 45% decline in heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Zynex's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Zynex class action, go to www.faruqilaw.com/ZYXIQ or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

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Kevin Warsh promised to overhaul the central bank and cut rates. He is being greeted by rising inflation, an oil shock and a confirmation in limbo.

Uncertainty is what markets hate most, and artificial intelligence (AI) has brought it to software stocks in full force. Toast (TOST +0.02%) is down more than 40% from its summer high, swept up in a sell-off that's erased nearly $1 trillion from the industry this quarter. Some of the sharpest criticism is now coming from the same venture capitalists who helped fund the software-as-a-service (SaaS) boom.

Toast built the operating system that roughly one in five small- and mid-market restaurants in the U.S. use to run their businesses. It bundles terminals, payments, online ordering, and payroll into one system. Once it's installed and the staff is trained, switching costs become real for the whole operation.

Image source: Getty Images.

The company added a record 30,000 net locations last year, and for the independent restaurant owner, the system is hard to walk away from. The build-versus-buy decision isn't as clear for a national chain as it is for a smaller operation.

The growth story has an enterprise problem The next leg of growth is expected to come from restaurant chains, international markets, and retail. Together, those segments currently account for about 5% of annual recurring revenue. The company's biggest customers so far are sit-down chains like Applebee's and TGI Friday's, not fast food. McDonald's, Chick-fil-A, and Domino's already built their own.

Meanwhile, the company's helping its own customers get started with the recent launch of its AI assistant, Toast IQ. The tool quickly performs tasks and analyzes data to aid owners and staff in making quick decisions.

Advancements in AI are lowering the cost and timeline for building software solutions, and the customers Toast needs most are the ones most capable of doing it themselves. A family diner wants one vendor and less hassle.

A national chain with an engineering team wants flexibility, and committing to proprietary hardware when the software landscape could look different in three years is a tough sell. Toast's hardware bundle may be a moat for small operators and a barrier for enterprise buyers.

The software premium is the vulnerable layer Toast is a payment facilitator, not a processor. It routes payments and keeps a premium spread because the software bundle makes the system more useful. If AI reduces software costs over time, that premium gets harder to defend even if Toast's core customers never leave.

The company's software gross margins reached 80% in the fourth quarter, accounting for roughly 45% of total gross profit, despite payments being 82% of total revenue.

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Toast went from burning cash just three years ago to nearly doubling free cash flow last year to $608 million. Given its growth rate and the recent sell-off, the stock is reasonably priced at just 27 times trailing FCF.

But for a company whose pricing power and growth depend on selling point-of-sale hardware into an industry where competing alternatives are set to expand, the discount is understandable. When investors start worrying about long-term survival, the premium multiple fades fast. In this case, it's likely warranted.

NEW YORK, March 22, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Soleno Therapeutics, Inc. (NASDAQ: SLNO) between March 26, 2025 through November 4, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Soleno 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 Soleno class action, go to https://rosenlegal.com/submit-form/?case_id=43959 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 May 5, 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 litigate 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 made false and/or misleading statements and/or failed to disclose that: (1) the Soleno Phase 3 clinical trial program for diazoxide choline extended-release tablets (“DCCR”) had systematically downplayed, misrepresented, and/or concealed significant evidence of safety concerns potentially related to the administration of DCCR, including issues related to excess fluid retention in clinical trial participants; (2) as a result, the administration of DCCR to treat hyperphagia in individuals with Prader-Willi syndrome (“PWS”) posed materially greater safety risks than disclosed by Soleno or its executives; and (3) as a result, DCCR had materially lower commercial viability and undisclosed risks related to the likelihood of significant and widespread adverse events after its commercial launch, including risks related to patient discontinuation rates, lower patient adoption, prescriber reluctance, adverse regulatory action, and potential reputational and legal fallout. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Soleno class action, go to https://rosenlegal.com/submit-form/?case_id=43959 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.
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        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
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Tim McCauley, Chief Accounting Officer of The Chefs' Warehouse (CHEF 3.33%), reported the sale of 551 shares of common stock for a total consideration of approximately $34,450 on March 4, 2026, as detailed in a SEC Form 4 filing.

Transaction summaryMetricValueShares sold (direct)551Transaction value~$34,450Post-transaction shares (direct)48,943Post-transaction value (direct ownership)~$3.06 millionTransaction and post-transaction value based on SEC Form 4 weighted average purchase price ($62.52), which was the same price as the closing price of the day of the transaction.

Key questionsWhat is the context of this transaction?
The transaction involved withholding shares to cover taxes on previously restricted common stock units that vested into shares. Were any indirect or derivative holdings involved in this filing?
No indirect or derivative securities were reported; the transaction involved only directly held common stock.

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Company overviewMetricValueRevenue (TTM)$4.15 billionNet income (TTM)$72.36 millionEmployees5,0291-year price change (as of 3/21)10.91%Company snapshot The Chefs' Warehouse is a leading specialty food distributor offering a portfolio of approximately 50,000 products. This includes artisan charcuterie, specialty cheeses, oils, vinegars, truffles, caviar, chocolate, and pastry items, as well as center-of-the-plate proteins and staple ingredients. The company has an extensive distribution network and deep relationships within the culinary sector, serving menu-driven independent restaurants, fine dining establishments, hotels, country clubs, caterers, culinary schools, bakeries, cruise lines, casinos, and specialty food retailers across the United States and Canada.

What this transaction means for investorsMcCauley’s portfolio of insider shares has been active in recent months, with transactions, but most weren’t discretionary; rather, shares were withheld or predetermined for future sale. On Feb. 18, 2026, the Chief Accounting Officer sold 7,500 shares that were worth approximately $525,000, at an average share price of $70. However, the sale was part of a 10b5-1 plan that allows insiders to schedule the purchase or sale of shares in advance.

The Chef’s Warehouse operates in a somewhat niche market, but as a luxury market, it’s not a bad niche to be in. With strong financials, as evidenced by its latest Q4 FY 2024 earnings report, the company looks primed for another strong year operationally, especially with the acquisition of Italco Food Products, another food distributor, in October 2025.

What might concern investors at the moment is the stock’s volatility. The stock currently has a beta of 1.28, meaning that it’s more volatile than the S&P 500, which offers high risk-high reward for investors, but in the current moment, that volatility has moved downward. In March 2026 alone, share prices have fallen 16.50% (as of March 21), essentially wiping out all the gains it had this year. CHEF is a top food distribution stock, but investors may want to proceed with caution given its current volatility.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in KNOP over 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.

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Updated: Mar 23, 2026, 02:04 GMT+00:00

Key Points:Gold and silver face downside pressure as a stronger US dollar and rising Treasury yields shift demand away from non-yielding assets.Profit-taking after the 2025 rally adds selling pressure, while silver remains more volatile due to its dual industrial and monetary demand.Key support levels now drive price direction, with a break lower signaling further downside, while stabilizing yields or a weaker dollar could trigger a rebound.

Gold (XAU) and silver (XAG) prices remained under pressure last week as a result of strength in US dollar and Treasury yields. These factors lead to less demand for non-yielding assets such as precious metals. Investors shift capital to yield bearing assets which puts pressure on gold and silver. At the same time, markets respond to persistent geopolitical tensions and an increasing risk of inflation, which creates uncertainty and puts a cap on strong upside moves.

Moreover, profit taking also has an important role in the recent decline. After a good rally in 2025, many investors lock in gains which adds selling pressure in the short term. Silver often makes larger moves because of its industrial and monetary demand, which makes it more volatile when there is a shift in market sentiment.

The powerful underlying demand from inflation concerns and global uncertainty may support prices once this correction is over. If the dollar becomes weak or yields become stabilized, both gold and silver may rebound and move higher again.

Gold Technical Analysis – Key Support Holds as Downside Risk Builds The daily chart for spot gold shows that the price plunged last week towards the strong support area of the $4,400 to $4,500 region. The negative weekly close last week increases strong uncertainty in the gold market for the upcoming week. The chart below confirms that the weekly close was below the 100-day SMA, while the short-term indicators show oversold conditions.

As long as the $4,400 to $4,500 region holds, prices may try to consolidate within red zone.

However, a break below $4,400 will trigger a strong drop towards the $4,000 region. Based on the negative price action last week, the short term price direction is tilted to the downside.

The strong support in the gold market is also observed using another chart, which shows support at $4,400. A break below $4,400 will target the $4,000 region, which is the 200-day SMA. A strong rebound from the $4,000 region is expected due to the strong support and extremely oversold conditions in the short term. A recovery above $5,000 will indicate that the bottom has been formed.

Silver Technical Analysis – Support Breakdown Signals Downside Spot silver also followed negative price action during the last week. The daily chart below shows that silver price broke the $72 support for the first time since the record high at $120 was formed.

The immediate support at the $64 region is now weakening, and a break below $64 will initiate drop towards the $50 to $60 area, which is the strong long-term support.

The short-term price action is seen by the formation of an ascending broadening wedge pattern, which shows strong support around $70. However, the weekly close below $70 indicates that the price is moving towards the $50 to $60 area. However, the price remains within the red highlighted region, which is uncertain region.

Bottom Line Gold and silver remained under pressure as strong macro forces and technical weakness coincide. Prices are testing important support levels and the short term momentum is in favor of the downside. A break below these levels may cause another leg lower. However, significant long term demand due to inflation and global uncertainty supports the overall bullish trend. If the dollar is weakened or yields are eased then both metals may find support and rebound from the current levels. The market is now waiting for confirmation, as support zones will dictate the next big move.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

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Muhammad Umair is a finance MBA and engineering PhD. As a seasoned financial analyst specializing in currencies and precious metals, he combines his multidisciplinary academic background to deliver a data-driven, contrarian perspective. As founder of Gold Predictors, he leads a team providing advanced market analytics, quantitative research, and refined precious metals trading strategies.

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XRP dropped 3.74% to $1.39 on March 22, sitting 62% below its July 2025 record high of $3.65. The selloff reflects broader market weakness tied to U.S.-Iran geopolitical tensions, rising oil prices, and shrinking expectations for Federal Reserve rate cuts — conditions that have broadly pressured risk assets including cryptocurrencies.

One of the clearest signs of fading momentum is the 75% collapse in XRP open interest from its peak. Binance remains the only exchange sustaining notable derivatives volume, and while leveraged positions continue to unwind, conviction-driven spot buying has yet to fill the gap. This signals a market still searching for direction rather than one building a base.

Despite the price weakness, a compelling structural argument is drawing renewed attention. Financial commentator Jake Claver recently pointed out that each bank launching its own stablecoin effectively creates an isolated liquidity pool. As these proprietary digital currencies multiply, so does the need for a neutral bridge asset to move value between them seamlessly — a role Ripple designed XRP to fill from the start. Rather than threatening XRP, stablecoin proliferation could directly increase demand for the token as a cross-currency settlement layer.

Institutional momentum around XRP continues building quietly behind the scenes. Evernorth Holdings filed an S-4 with the SEC on March 18, pursuing a Nasdaq listing under the ticker XRPN through a SPAC merger. The company holds 473 million XRP worth approximately $685 million, with backing from Ripple, SBI Holdings, and Pantera Capital — signaling that long-term investors remain engaged at the infrastructure level.

The central question heading into Q2 2026 is whether real on-chain demand will validate the stablecoin interoperability thesis. The widening gap between declining price action and expanding institutional infrastructure defines the tension shaping XRP's outlook right now.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Part of the approved rule changes allows institutions to trade the crypto ETFs as FLEX options, which offer customizable terms like non-standard strike prices and expiration dates.

Two New York Stock Exchange-affiliated exchanges have removed the 25,000 contract position limit on options tied to 11 crypto exchange-traded funds.

NYSE Arca and NYSE American each filed three rule changes in the Federal Register on March 10 to remove contract position limits and price discovery restrictions for options linked to Bitcoin (BTC) and Ether (ETH) ETFs listed on their exchanges.

These were acknowledged by the Securities and Exchange Commission on Sunday, with the SEC waiving the standard 30-day waiting period for both sets of proposed rule changes, meaning they are now in effect.

11 crypto ETFs are impacted by the options rules changes on NYSE Arca and NYSE American. Source: SECThe limits were imposed when crypto ETF options first started trading in November 2024. Limits of this nature are typically imposed to prevent market manipulation and volatility. T

The removal of those limits now puts them closer to how other commodity ETF options are treated, and gives institutions greater trading flexibility while also potentially boosting liquidity and making it easier to enter and exit positions. 

It also allows the crypto options to be traded as FLEX options, which include customizable terms such as non-standard strike prices, expiration dates and exercise styles.

A total of 11 crypto ETF options are affected by the rule changes, including BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).

Bitcoin and Ether ETFs issued by Bitwise and Grayscale are also affected.

In late July, the SEC approved removing the 25,000-contract position limit for the Grayscale Bitcoin Trust ETF (GBTC).

Meanwhile, one of Nasdaq’s options exchanges, Nasdaq International Securities Exchange, is seeking to raise the contract position limit for BlackRock’s IBIT to 1 million.

That proposed rule change is still under review, according to a Feb. 27 notice from the SEC.

Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

Cheeky Crypto claims that Coinbase’s XRP-USD order book signals a far more bullish setup than the price suggests: is the buy-side depth 9 times thicker?

Market Sentiment:

Bullish Bearish Neutral

Published: March 22, 2026 │ 8:25 PM GMT

Created by Kornelija Poderskytė from DailyCoin

A mainstream crypto analyst is arguing that XRP’s price chart is “lying,” and that the real story is buried in Coinbase’s limit order books.

In a recent video, Cheeky Crypto claims that, as of March 21, 2026, it is “9 times easier for XRP to hit $2.25 than it is to drop back to $0.75,” based on a detailed look at order book depth and liquidity gaps.

Order Book Imbalance: Thick Buy Wall, Hollow Sell Side The core claim rests on Coinbase’s XRP-USD order book, which the analyst describes as a “lopsided battlefield.” On one side sits a “massive fortress of buyers” clustered around $0.75, on the other a “hollowed out corridor of sellers” stretching up toward $2.25.

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A heat map shown in the video is said to reveal that buy-side depth is nearly ten times thicker than sell-side liquidity.

According to the analysis, this creates a structural safety net.

Pushing XRP down just $0.10 would require “tens of millions in spot XRP” to chew through stacked limit bids, while the same capital on the buy side would move price up far more quickly.

The host summarizes the effect as a “9-to-1 imbalance ratio,” where $1 million in buying allegedly shifts the price nine times more than $1 million in selling.

At roughly $0.75, the order book reportedly shows a dense cluster of bids the analyst labels an “absorption” zone — a level where sell pressure is immediately filled and XRP is then moved into cold storage.

Exchange reserves, are at multi‑year lows, amplifying the impact of any new market orders on a thinned-out sell side.

Liquidity Gaps, Spring-Loaded Setup & Spoofing Risk Above the current market, the commentator points to a “liquidity gap” starting around $1.50 up to the $2.25 region.

Sell orders there appear scattered and light, creating what the video calls a “hollowed out ceiling” where a mid-sized market buy could “skip through multiple price levels” and trigger a “God candle” in a matter of hours.

A model in the video suggests a $5 million buy could move price by around 15% in seconds under current conditions.

At the same time, the video repeatedly cautions that none of this is guaranteed. The host flags “ghost liquidity” as a major risk: high-frequency bots can pull large buy walls at $0.75 in milliseconds during stress, turning a supposed floor into a trap.

Historical examples are cited where strong buy-side books preceded vertical drops, raising the possibility of spoofing and market-making tactics designed to lure retail buyers.

The pro analyst stresses that order books are “a snapshot of the present, not a promise of the future,” and notes that black swan events — exchange hacks, regulatory shocks, or a breakdown in XRP’s underlying utility — could flip the 9:1 skew toward the downside.

Why This Matters If the data is genuine and persistent, the current Coinbase structure suggests an asymmetric setup: limited downside buffered by millions in bids around $0.75, and a comparatively “glass ceiling” toward $2.25.

Cheeky Crypto frames this as “the most important metric for XRP in March 2026,” arguing that price is “coiled like a spring” against a deep buy wall with thin resistance above.

But the video also underlines the need for constant monitoring: if buy-side depth at $0.75 starts to thin, or if thick sell blocks reappear around $1.50 and above, the thesis changes quickly.

For now, the order book math — if not the public sentiment data, which the analyst characterizes as “screaming fear” — leans bullish, while still leaving room for manufactured liquidity and rapid reversals.

For crypto investors, the takeaway is less about a price target and more about where real capital is sitting. Watching how those walls move may tell you more about XRP’s next major move than any single headline.

Explore DailyCoin’s hottest crypto scoops today:
Stellar’s XLM Price Has a Habit: Sudden Re-Ratings, Then Long Drift
Grayscale Chief Drops XRP Bomb: Floodgates Are Wide Open

People Also Ask: Is the $0.75 XRP buy wall on Coinbase guaranteed support?

Not exactly. The video emphasizes that limit orders can be canceled instantly, especially by bots during volatility. It’s a current indication of interest, not a binding commitment.

What does a 9:1 liquidity imbalance mean in practice?

Based on the analyst’s calculations, it means the same dollar amount of buying moves price up roughly nine times more than the same dollar amount of selling moves it down, given today’s order depth on Coinbase.

Could the XRP order book be manipulated?

The host acknowledges this risk, pointing to past cycles where large buy walls preceded sudden drops. Spoofing and market making can create the illusion of strong support.

Does this analysis apply across all exchanges?

The discussion is explicitly based on Coinbase’s XRP-USD order book on specific March 2026 snapshots; other venues may show different liquidity profiles.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

As part of ongoing developments signaling deepening institutional interest in emerging digital assets and blockchain ecosystems, crypto asset manager Grayscale Investments has officially registered a new exchange-traded fund with U.S. regulators. The proposed product, known as the Grayscale HYPE ETF, is structured as a spot fund that would directly hold the native cryptocurrency of the Hyperliquid network.

Pending regulatory clearance, the ETF is slated to debut on the Nasdaq exchange under the ticker symbol GHYP.

This filing marks another step in Grayscale’s ongoing expansion of its digital asset product lineup.

As one of the largest managers in the space with roughly $35 billion in assets under management, the firm has long been at the forefront of bringing cryptocurrencies into traditional investment portfolios.

Its earlier offerings, including landmark Bitcoin and Ethereum trusts that later converted to ETFs, paved the way for broader mainstream adoption.

The HYPE ETF would follow a similar model, aiming to deliver performance that mirrors the spot price of the underlying token after accounting for expenses.

Hyperliquid has risen to prominence as the premier decentralized platform for perpetual futures trading.

Built on its own high-performance layer-1 blockchain, the network stands out for delivering fast execution, minimal fees, and deep liquidity in on-chain derivatives markets.

It has consistently ranked as the largest perpetuals exchange in the decentralized finance sector, attracting traders seeking efficient alternatives to centralized venues.

The platform’s native token, HYPE, serves multiple roles within the ecosystem, including governance participation, fee sharing, and potential staking mechanisms that could generate additional yields for holders.

According to details in the S-1 submission, the fund would custody its HYPE holdings through a trusted institutional partner, most likely Coinbase Custody, and rely on established pricing benchmarks for accurate net asset value calculations.

This setup mirrors the operational framework of Grayscale’s existing spot products, emphasizing security and transparency to appeal to both retail and institutional investors.

The ETF structure would allow shareholders to gain exposure to Hyperliquid’s growth without the complexities of directly managing wallets, private keys, or on-chain transactions.

The move arrives amid a wave of similar applications from other asset managers.

Firms such as Bitwise and 21Shares have already filed for their own spot HYPE ETFs, highlighting a competitive race to capture interest in this high-growth sector.

Analysts point to Hyperliquid’s surging trading volumes and dominant market position as key drivers behind Wall Street’s attention.

Even as broader crypto markets experience fluctuating ETF flows, the platform’s native token has drawn significant whale activity and positive sentiment from research teams exploring its potential as an on-chain benchmark for decentralized markets.

If approved by the Securities and Exchange Commission, the Grayscale HYPE ETF could open new avenues for traditional capital to flow into decentralized perpetuals trading.

It would represent a milestone for Hyperliquid, potentially enhancing liquidity and visibility for its token while providing a regulated investment vehicle for those bullish on the future of on-chain derivatives.

However, the regulatory review process remains uncertain, as the SEC continues to scrutinize digital asset products carefully.

Overall, this filing underscores the maturing intersection of traditional finance and decentralized innovation.

Grayscale’s initiative not only reflects confidence in Hyperliquid’s technology and adoption but also contributes to the ongoing normalization of alternative crypto assets in public markets.

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Resolv Labs, the protocol behind overcollateralized stablecoin USR, suffered an exploit in the early hours of Sunday, March 22. The attack, which specifically targeted USR, saw the attacker depositing about $200,000 in USDC and carting away 80 million freshly minted USR tokens.

The incident caused USR, which is natively backed by Ether (ETH) and meant to maintain a dollar peg, to crash by over 88%. 

By the time Resolv’s engineers were able to react and pause the protocol, the attacker had already converted a significant amount of the USR into hard assets. 

How did $200,000 become $80 million? Various blockchain security platforms have pointed out that the exploit came from the minting contracts. The said contracts had gone through numerous audits, and no vulnerability was detected. 

However, experts say that it was not the code but the architecture of the USR issuance mechanism itself.

Cyvers, a blockchain security firm, wrote on X, “A flaw in the completeSwap() function allowed minting without proper validation.”

Resolv Labs confirmed the incident in a post on X, writing that the team had paused all protocol functions and was actively working on recovery. 

In a follow-up statement, it sought to reassure users that the collateral pool remained fully solvent and that no underlying assets had been lost; the damage, it said, was isolated to USR issuance mechanics.

Where is the money now and how did it impact USR?  According to on-chain analyst EmberCN, the attacker’s wallet sold 43.26 million USR for USDC and USDT before using the proceeds to purchase 11,437 ETH, which is approximately $23.8 million.

There’s another 36.74 million USR that the attacker has been dumping continuously, but the decline in the token’s price has sent the value of the remainder reportedly worth around $2 million.

ETH held in a self-custodial wallet is substantially harder to freeze or trace than stablecoins, which can be blacklisted by their issuers. The hacker has, for now, a liquid and largely untraceable position.

The impact of the exploit has been severe for USR, as the stablecoin, which is meant to maintain parity with the dollar, fell to around $0.14. It has tried to mount a comeback with a few setbacks. 

As of the time of writing, USR is trading at around $0.46, which is still a decline of over 53.7% in the past 24 hours. Resolv Labs’ native token, RESOLV, is also down by over 8%, trading at around $0.05.

The incident arrives at an uncomfortable moment for Resolv Labs, which saw USR’s market capitalization crash by over 74% from over $400 million in February 2026 to around $100 million prior to the attack.

 Currently, the market capitalization is around $78.14 million.

Which protocols have been caught in the blast radius? Members of the DeFi ecosystem who have skin in the game, as it pertains to USR, were quick to assess their exposure and assure their users that there was little to no impact as a result of the exploit. 

Risk management platform Gauntlet, which operates yield vaults that had taken on Resolv-related positions, confirmed that most of its vaults were unaffected. The DeFi platform posted on X, “Most Gauntlet vaults are unaffected.

A few high-yield vaults had limited exposure. We are working to monitor liquidity and will continue to share updates.”

Lido Finance posted on X that Lido Earn user funds were safe and that no action was required. 

Aave’s founder and CEO, Stani Kulechov, stated that they do not have any exposure to Resolv USR. 

He wrote on X, “Resolv is a liquidity provider on Aave, supplying its backing assets to the protocol. These assets remain safe, as the backing itself was unaffected. Resolv will be able to exit gracefully and already started to repay the debt. There are no adverse effects on Aave liquidity providers, and zero impact on the Aave Protocol.”

Resolv Labs stated that it is investigating the exploit and is actively working on recovery. It also left a recommendation to users to stay off its assets until it resolves the issue, writing, “Until further notice, we strongly recommend avoiding trading or interacting with Resolv assets at this time to prevent supporting secondary market activity related to the exploit.”

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Bitcoin took a brutal hit over the weekend, crashing down to $68,000 and wiping out nearly $400 million in leveraged positions across crypto exchanges. The sudden drop caught most traders completely off guard, creating one of the biggest liquidation events we’ve seen in months.

The selloff happened fast and hard. Traders who’d been betting on higher prices got crushed as their positions were forcefully closed out. Exchange data shows the carnage spread across multiple platforms, with long positions getting hammered the worst. BitMEX alone saw over $100 million in liquidations on March 21, according to CEO Alexander Höptner. He said the liquidations were massive but not totally unexpected given how much leverage was floating around the market.

Support levels crumbled. Fast.

Analysts had been pointing to $70,000 as a key support zone for Bitcoin. But that level didn’t hold when the selling pressure hit. Now traders are scrambling to figure out where the next floor might be. CryptoQuant dropped a report on March 22 saying their on-chain data points to around $65,000 as a potential bottom. But nobody’s really sure if that’ll hold either.

Golden Cross Signals Mixed Messages Here’s where things get interesting – some analysts are actually seeing bullish signals despite the crash. A “golden cross” pattern just formed on Bitcoin’s charts, where the short-term moving average crossed above the long-term one. Crypto analyst Willy Woo thinks the dip might be a buying opportunity for long-term investors. He’s pointing to on-chain metrics showing wallet addresses holding 1 to 10 Bitcoin are actually accumulating more coins. Woo said that kind of behavior often happens before prices bounce back.

But not everyone’s buying the golden cross story. The market’s too volatile right now for many traders to feel confident about any technical patterns. Michael van de Poppe warned on Twitter that traders need to stay super careful because these price swings can shift fast and catch people off guard. Risk management is everything right now, he said.

Trading volumes went absolutely crazy during the drop. Binance reported a 30% jump in Bitcoin trading compared to the previous week. Coinbase saw an even bigger surge – 40% more transaction volume as traders rushed to either cut losses or grab what they thought might be bargains. Kraken said new account registrations spiked too, showing people are still jumping into crypto despite the volatility. Analysts have drawn connections to Bitcoin Surges Past K as Gold amid evolving conditions.

Institutional Players Stay Cool The big money seems pretty calm about all this chaos. Grayscale Investments didn’t change their Bitcoin holdings as of March 20, suggesting institutional investors are taking a longer view. ARK Invest and Cathie Wood are sticking to their guns too – they’re still calling for Bitcoin to hit $500,000 eventually. Wood keeps comparing Bitcoin to gold and says the current volatility doesn’t change the long-term picture.

CME Bitcoin futures trading jumped 25% compared to last month. That shows professional traders are definitely active, but they’re probably more focused on hedging and managing risk than making big directional bets.

Glassnode’s data from March 21 shows on-chain activity picked up big time during the crash. Active addresses surged as investors reacted to the price action. The analytics firm said transaction counts went way up, which usually happens when the market gets this volatile.

Analyst Lyn Alden thinks macro factors are driving a lot of what’s happening. She’s watching interest rates and inflation expectations, saying those have historically moved Bitcoin around and they’re still key right now. The connection between traditional financial markets and crypto keeps getting stronger, which means Bitcoin traders can’t ignore what’s happening in bonds and stocks.

Nobody from the major exchanges has put out official statements about the liquidation events yet. The next few days will probably tell us whether this was just a quick shakeout or the start of something bigger. Traders are watching for any signs of stabilization or more selling pressure ahead. Industry observers have noted parallels with VanEck Says Bitcoin Volatility Drops Yet in recent weeks.

The liquidation cascade reveals just how much leverage had built up in the system. Data from Coinglass shows that over 150,000 traders got wiped out during the weekend selloff, with the average liquidation size hitting $2,600. Smaller retail traders bore the brunt of the damage – positions under $10,000 made up roughly 70% of all liquidations. Meanwhile, whale traders with positions over $1 million only accounted for about 8% of the total liquidated value, suggesting the big players either had better risk management or saw the drop coming.

The timing couldn’t have been worse for overleveraged positions. March typically sees lower trading volumes as institutional players wrap up quarterly reporting, but this year’s pattern got flipped on its head. Santiment’s social sentiment data showed crypto fear and greed index dropping from 73 to 41 in just 48 hours. Korean exchanges like Upbit and Bithumb reported even higher liquidation rates than their Western counterparts, with some traders using leverage ratios as high as 125:1 before the crash hit. That kind of extreme positioning explains why the selloff accelerated so quickly once it started.

Frequently Asked QuestionsWhat triggered the $400 million in Bitcoin liquidations?Bitcoin’s sudden drop to $68,000 over the weekend forced the closure of leveraged positions, with BitMEX alone seeing over $100 million in liquidations on March 21.

What is a golden cross pattern in Bitcoin trading?A golden cross occurs when Bitcoin’s short-term moving average crosses above its long-term moving average, which some analysts view as a bullish signal despite the recent price drop.

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XRP (XRP) fell 3.74% to $1.39 on March 22, trading 62% below its July 2025 all-time high of $3.65, as open interest collapsed 75% from its peak and leveraged positions continued to unwind.

The price decline coincides with broader macro pressure from the US-Iran war, surging oil, and fading Fed rate cut expectations that have weighed on risk assets across the board.

How Bank Stablecoins Could Drive XRP DemandWhile XRP’s price slides, a structural bull case is gaining attention. Qualified Family Office Professional Jake Claver argued on X (Twitter) that every bank launching its own stablecoin creates a new currency that needs to communicate with every other currency.

Every bank launching a stablecoin is essentially creating another currency that needs to talk to every other currency

That's not competition for XRP….that's the problem XRP was built to solve

More stablecoins means more fragmentation & more fragmentation means more demand for…

— Jake Claver, QFOP (@beyond_broke) March 22, 2026 That fragmentation, Claver said, is not competition for XRP. It is the exact interoperability problem Ripple built XRP to solve.

More stablecoins mean more isolated liquidity pools, and more isolation increases demand for a neutral bridging layer sitting in the middle.

Versan Aljarrah, founder of Black Swan Capitalist, framed XRP holders as participants positioning for a broader financial reset, gaining early access to the infrastructure of a new payment system.

Those holding XRP aren’t just investors, they’re positioning for the reset. As the system shifts, they become part of a new class of wealth, operating within the rails of the next financial system. This is about access, liquidity, and being early to the infrastructure.

— Versan Aljarrah – Black Swan Capitalist (@VersanAljarrah) March 22, 2026 XRP Price Performance. Source: BeInCryptoXRP Open Interest Signals Weak ConvictionAnalyst Xaif Crypto flagged that XRP open interest has dropped 75% from its peak. Binance remains the only exchange with meaningful derivatives activity. Leverage has exited, but conviction-based buying has not replaced it.

Notwithstanding, institutional infrastructure around XRP continues to expand independently of price. Evernorth Holdings filed an S-4 with the SEC on March 18 to go public through a SPAC merger with Armada Acquisition Corp. II.

The firm holds 473 million XRP valued at roughly $685 million and plans to list on Nasdaq under the ticker XRPN. Ripple, SBI Holdings, and Pantera Capital back the venture.

Whether the stablecoin fragmentation thesis translates into measurable on-chain demand for XRP as a bridge asset remains unproven.

However, the gap between declining price and expanding infrastructure is the tension driving the current debate among XRP analysts heading into Q2 2026.

A flood of forgotten funds has quietly found its way back to XRP Ledger users, after a decentralized exchange founder scanned the entire network to track down expired escrows that holders had abandoned — some without even knowing the money was still there.

First Ledger Founder Scans Entire Network To Recover Idle Funds Adam, the founder of First Ledger, a decentralized exchange built on the XRP Ledger, combed through every corner of the blockchain to locate escrows whose time conditions had long since passed but had never been completed.

Reports say the recovered total came to 750,218 XRP — worth just over $1 million at current prices. First Ledger now runs regular scans to catch eligible escrows as soon as they become available, releasing them before they fall through the cracks again.

XRPL validator Vet confirmed the figures, noting that the bulk of the locked funds belonged to ordinary community members, not institutions. Many holders had set time-based conditions on their XRP years ago and simply moved on, either forgetting the funds existed or not knowing what steps were needed to claim them.

Escrow unlocks spiking on XRP.

Over $1,000,000 or 750,218 XRP total in Escrows just got unlocked.

Lots of those escrows were created by holders and community members and timelock expired, but they forgot or didn’t know how to unlock and receive their XRP back.@xrpl_adam… pic.twitter.com/eSdMQmlSFM

— Vet (@Vet_X0) March 20, 2026

The escrow system on the XRP Ledger does not release funds on its own. Once a timelock expires, the recipient must still send a specific transaction — called an EscrowFinish — to collect what’s theirs. Miss that window, and a separate deadline kicks in.

If that second deadline passes without action, the escrow expires entirely and can no longer be claimed. At that point, only a cancellation transaction can return the XRP to whoever sent it in the first place. In some cases, if no expiration date was ever set, the funds can sit locked indefinitely.

XRPUSD currently trading at $1.39. Chart: TradingView Record Transaction Counts Signal Broader Usage Growth The recovered funds are just one piece of a wider activity surge on the network. Data shows that deposits into automated market makers hit an all-time high of 70,735 on Feb. 28.

AccountSet transactions — used to update account settings without moving any money — climbed to 114,690 on March 20, the highest single-day count the network has ever recorded.

Error messages tied to insufficient XRP reserves also spiked above 370,000 on March 18, the highest reading in three years.

That number reflects users trying to place new offers without holding enough XRP to meet the network’s minimum balance requirements — a sign that new participants are showing up and running into the system for the first time.

Featured image from Vecteezy, chart from TradingView

The divergence between gold and Bitcoin (BTC) in 2026 can be explained by two distinct segments of buyers, according to Stephen Coltman, head of macro at crypto exchange-traded product (ETP) provider 21Shares.

Gold’s rally over the last three years has been primarily fueled by central bank buying, while Bitcoin is more widely held by individuals than financial institutions, Coltman told Cointelegraph. He said:

“Physical gold has a greater geopolitical strategic role currently, as the asset of choice for state actors who want to store wealth in a way that is protected from rival powers. This has meant that it has traded with greater sensitivity to deteriorating international relations.”However, BTC has more utility for individuals who may use it as an alternative “lifeline” when local banking infrastructure fails during times of crisis, and accessing the traditional financial system is not possible. 

Gold falls below the 50-day exponential moving average, a key support level. Source: TradingView“Shortly after the conflict started, both the Dubai and Abu Dhabi exchanges were shut down following missile and drone strikes from Iran,” which, he said, is a “stark reminder” of how valuable 24/7 access is in wartime situations or other emergencies.

Coltman told Cointelegraph that the inverse correlation between BTC and gold means that investors should hold both to benefit from each asset’s unique properties.

Ongoing macroeconomic and geopolitical shocks over the last several years drove gold to an all-time high of nearly $5,600 per ounce in January 2026.

However, heightened volatility dragged the precious metal back down to about $4,497 per ounce, leading to renewed debate among analysts about gold’s role as a store of value asset, and how it will perform against Bitcoin in the coming years.

Financial analysts are split on gold versus BTC dominanceBitcoin is likely to outperform gold over the next three years, according to macroeconomist Lyn Alden.

“It’s usually a pendulum between the two. If gold has gone up as much as it did, the entire diminishing return story per cycle is going to be erased in the coming one, too,” Alden said.

However, former hedge fund manager Ray Dalio expects that BTC will never replace gold as a store-of-value asset because it still trades like a risk-on asset with correlation to technology stocks, while gold is entrenched as a reserve asset in the banking system.

Magazine: Is China hoarding gold so yuan becomes global reserve instead of USD?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

TLDR: Hyperliquid’s active perpetual traders reached 218,340, marking a fresh local high with a 2.14% 24-hour gain. Crude oil perpetuals crossed $300M in open interest, overtaking every crypto and equity pair on Hyperliquid.  Hyperliquid’s HIP-3 markets surpassed $1.43B in total open interest as platform activity hit an all-time high.  Real-world assets including commodities, stocks, ETFs, and FX now account for roughly 30% of platform volume.  Hyperliquid is recording fresh activity highs across its perpetual trading platform in 2025. Active perpetual traders have reached 218,340, marking a new local high with a 24-hour gain of 2.14%.

Simultaneously, crude oil perpetuals on the platform have crossed $300 million in open interest. This figure places crude oil above every crypto and equity pair on the exchange.

Together, these numbers reflect a platform experiencing steady and measurable expansion this year.

Hyperliquid Trader Activity Recovers and Pushes Into New Territory Hyperliquid’s active trader count has followed a notable recovery path over recent months. The platform peaked around November before pulling back sharply into January, dropping to roughly 150,000 active traders. That kind of reset typically stalls momentum on most trading platforms.

However, Hyperliquid began climbing again from late January onward. Since then, participation has moved steadily higher, reclaiming previous levels along the way. The platform has now pushed past its earlier highs into fresh territory.

According to data shared by Hyperliquid Hub on X, the platform went from around 127,000 traders in August to over 218,000 today.

Hyperliquid is quietly hitting new highs again.

Active perp traders just reached 218,340, up +2.14% in the last 24h — marking a fresh local high and continuing a strong multi-month uptrend.

What stands out isn’t just the number, but the structure. After peaking around November,… pic.twitter.com/8X2aDcKpXQ

— Hyperliquid Hub 🇻🇳 (@Hyperliquid_Hub) March 22, 2026

That represents a broad expansion in user activity within less than a year. The growth has been gradual rather than driven by a single spike.

The post further noted a reinforcing dynamic: more traders bring more liquidity, which tightens spreads and improves execution.

Better execution, in turn, draws additional traders to the platform. This cycle has been building steadily through 2025 and continues to gain traction.

Crude Oil Perpetuals Lead Platform as Real-World Assets Drive Volume Crude oil perpetuals have emerged as the largest market on Hyperliquid by open interest. The $300 million figure surpasses all crypto and equity pairs currently listed on the exchange. This development was reported by Delphi Digital and reflects a shift in what traders are engaging with.

Real-world assets, including commodities, stocks, ETFs, and foreign exchange pairs, now account for approximately 30% of overall platform volume.

That share represents a meaningful portion of activity. The growth of non-crypto markets on the platform has been a defining trend this year.

Hyperliquid’s HIP-3 markets have also crossed $1.43 billion in total open interest across all listed pairs. Active traders reached a new all-time high alongside this open interest figure. Both metrics moved higher together, suggesting broad participation rather than concentrated positioning.

The expansion into real-world assets marks a broader shift in how the platform is being used. Traders are no longer limited to crypto pairs when using Hyperliquid. The platform’s range of markets has grown, and so has the volume flowing through them.

TLDR: Bitmine holds 4.6 million ETH, with 3 million actively staked and generating around $180 million annually. Ethereum’s 2.8% staking yield cuts the cost gap, meaning Lee needs only 8–9% more to match Saylor’s offer. Bitmine has been acquiring over 60,000 ETH weekly, building a low cost basis ahead of any product launch. Unlike Bitcoin, Ethereum’s native protocol yield subsidizes the dividend structure, making the flywheel self-reinforcing. ETH Stretch may be the next big institutional product to emerge in the crypto market. Bitmine, led by strategist Tom Lee, currently holds 4.6 million ETH.

That figure represents nearly 4% of Ethereum’s total circulating supply. Of that holding, 3 million ETH is actively staked, generating around $180 million per year in protocol rewards.

Analyst Axel Bitblaze recently argued that Lee has the infrastructure to launch a Stretch-style fixed-yield product on this existing base.

Ethereum Staking Yield Creates a Structural Cost Advantage Michael Saylor’s Stretch product offers a fixed 11.5% yield, with all proceeds going into Bitcoin. This buying pressure has pushed hundreds of millions into BTC each week.

Many credit this as a key reason Bitcoin held above $69,000. Without this demand, some analysts suggest prices would sit near $50,000.

Tom Lee, however, already runs a yield engine that Saylor does not have. Bitmine’s staked ETH generates about 2.8% annually from Ethereum’s protocol.

That income covers part of any fixed dividend Lee would need to pay out. Lee would only need to generate an additional 8–9% to match Saylor’s offer.

Bitblaze noted on X that this cost structure allows Lee to undercut Stretch on yield expenses. That margin could make the product more attractive to institutional capital.

What if tom lee launches a stretch equivalent for ETH ?

think about it.

Saylor built stretch pays 11.5% fixed yield, all proceeds go into buying bitcoin.

it's been buying hundreds of millions or even Billion per week and accelerating.

it might be the single biggest reason… pic.twitter.com/XUKEEQFl4Z

— Axel Bitblaze 🪓 (@Axel_bitblaze69) March 22, 2026

Wall Street typically responds well to yield products with stronger cost profiles. Staking income is a meaningful competitive edge in this space.

Additionally, Bitmine has been buying over 60,000 ETH per week in current market conditions. The firm’s cost basis remains low, and Ethereum sentiment is broadly negative.

Those two factors create a favorable window for any product announcement. A low cost basis combined with native yield strengthens the overall case considerably.

The Ethereum Flywheel and Its Reflexivity Potential The mechanics of an ETH Stretch product follow a clear and self-reinforcing loop. Every dollar raised would go toward buying more ETH on the open market.

More ETH purchased means more ETH available for staking. More staked ETH then generates additional protocol rewards to help fund the dividend.

This cycle differs from Saylor’s model in one key respect: Ethereum has native yield. Bitcoin has no protocol income, yet the BTC Stretch flywheel has still gained traction.

Ethereum’s staking rewards subsidize the structure from the start. That makes the feedback loop cheaper to run and easier to grow.

Bitblaze argued that Saylor’s flywheel works despite Bitcoin having no yield. Lee’s version, by contrast, would run on Ethereum’s own protocol income.

That distinction changes the product economics entirely. A yield-backed demand engine does not rely solely on price appreciation. It draws strength directly from the Ethereum protocol itself.

Should Lee announce such a product while sentiment is low, the price response could be rapid. Institutional capital targeting yield would flow in, driving ETH demand higher.

Higher ETH prices improve staking returns in dollar terms, attracting still more capital. That loop, once active, tends to accelerate.