TheCoinAnalysis

The accelerator boost from American Bitcoin
#AmericanBitcoinCorp . (#abtc ), an American cryptocurrency mining company associated with Eric Trump, has just completed a major expansion at its Drumheller site in Alberta. Nearly 11,300 new ASIC miners have been activated, bringing the total fleet to approximately 89,242 units deployed. With this operation, the overall hash rate now reaches 28.1 exahashes per second (EH/s), equivalent to several hundred thousand home computers running in parallel.

#Bitcoin❗ is back above $75,000, and that move is putting serious pressure on bearish traders.
During early U.S. trading, $BTC climbed to a one-month high near $75,300, up roughly 6% in 24 hours. The key level now is $75,500. If #bitcoin pushes through it, around $200 million in short positions could be liquidated, according to CoinGlass.
That makes this zone more than just another round number. It’s a potential squeeze trigger.
The rally is also happening alongside stronger sentiment across traditional markets. The S&P 500 has been recovering, while gold and silver also moved higher, adding to the broader risk-on mood.
But there’s one detail traders can’t ignore: ETF flows are not confirming the move.
On Monday, U.S. spot Bitcoin ETFs recorded $291 million in net outflows, their biggest daily withdrawal since late March. Fidelity’s FBTC reportedly led the exits, while BlackRock’s ETF continued to attract fresh inflows.
So the market is getting mixed signals.
On one side, price action looks strong and short sellers are under pressure. On the other, ETF outflows suggest that not every institutional player is fully convinced yet.
The real question now is whether $75K becomes a breakout level or just another area where sellers step back in.
Some analysts see a sustained move above this zone as a sign that #bitcoin.” may finally be breaking out of its recent consolidation range. Others remain cautious and point to $65,000 as the major support if bulls fail to hold current levels.
That’s what makes this moment so important.
If $BTC clears $75,500 with momentum, the market could quickly shift into short-squeeze mode. But if the move stalls, traders may once again start looking lower and questioning whether this rally had enough conviction behind it.
Bottom line: Bitcoin is testing one of the most important levels on the chart right now, and the next move could define sentiment for the rest of the week.

Towards 800,000 $BTC : #strategy accelerates further
#strategy , the company led by Michael Saylor, continues to buy $BTC at an impressive pace and is now approaching a highly symbolic milestone: 800,000 #bitcoins held.
After its latest wave of purchases, the company is only 19,103 BTC away from this threshold. On the market scale, this is colossal. Few players, institutional or private, can even consider such a level of accumulation.
The total value of its reserves is around 55 billion dollars at recent prices, a level that is starting to approach the exposure held by #blackRock through its ETF #bitcoin spot.

Iran is pushing #Bitcoin❗ deeper into global trade with a new rule tied to the Strait of Hormuz.
According to the report, #Tehran now plans to accept $BTC payments from loaded oil tankers crossing the strait, charging a fixed fee of 1 $USDT per #barrel . Empty vessels would reportedly still pass for free.
That makes this more than a crypto headline. It’s a geopolitical move.
The system described is strict: ships must first declare their cargo to Iranian authorities, then pay the requested amount in Bitcoin within seconds once approval is given. The goal is clear — avoid traditional banking rails and reduce the risk of funds being frozen or tracked through the usual financial system.
For oil shippers, the numbers can escalate fast. A tanker carrying 2 million barrels could face a $2 million transit bill, converted into #bitcoin at the market rate at the time of payment. That also means crypto volatility becomes part of the shipping equation.
The bigger story here is not just the toll itself, but what it says about the growing role of crypto in sanctioned economies. Iran has already been leaning more heavily on digital assets to bypass financial restrictions, and this would be another major step in that direction.
Still, there are obvious frictions. Requiring near-instant Bitcoin payments could create operational headaches for shipping firms, especially those not used to handling crypto transactions in high-pressure situations. There is also the question of whether this model could realistically last beyond the current two-week truce window mentioned in the report.
Bottom line: if implemented as described, this would be one of the clearest examples yet of Bitcoin being used as a real-world settlement tool in a major strategic trade corridor — not as a store of value narrative, but as infrastructure.

Immersion Technologies has just crossed an important milestone by officially joining the New York Stock Exchange under the ticker
.
The move is symbolic, but not only that. Transitioning from NYSE American to the main NYSE also sends a message to the market: the company wants to play in a different category.
But what really grabs attention is not just the listing.
Bitmine has also dramatically expanded its share buyback program, with a cap now set at 4 billion dollars. On paper, that’s massive. In practice, the market is primarily waiting for one thing: to see if this buyback will actually be executed.

A new Chainalysis projection is turning heads: stablecoin transaction volume could reach $1.5 quadrillion per year by 2035.
That number is huge. For perspective, global cross-border payments are estimated at around $1 quadrillion, and total global assets are valued near $662 trillion. So yes, the forecast is massive.
But investors should read the fine print.
The $1.5 quadrillion figure is a ceiling case, not the base case. A more conservative #Chainalysis estimate puts stablecoin volume at $719 trillion by 2035, up from $28 trillion in 2025 if current growth trends continue.
So what’s driving the #bullish case?
First, Chainalysis points to the expected $100 trillion wealth transfer from Baby Boomers to Millennials and Gen Z between 2028 and 2048. The argument is simple: younger generations are already far more comfortable with crypto, and that could eventually translate into much bigger stablecoin usage.
Second, there’s the payment angle. If stablecoins start being used widely for everyday purchases, Chainalysis believes that could add another $232 trillion in annual volume over time.
Sounds great — but here’s the reality check.
Right now, real-world payments still represent only a tiny share of #Stablecoins activity. Most volume today comes from trading, settlement, and moving funds across exchanges, not from buying coffee or paying rent. In fact, the article notes that only about 1% of stablecoin volume has been tied to real-world payments.
That’s why this forecast should be viewed as a long-term possibility, not a guaranteed path.
Stablecoins clearly have strong advantages:
near-instant settlement24/7 availabilityprogrammable transactions
But mass adoption still depends on regulation, merchant integration, infrastructure, and user trust.
Bottom line
Stablecoins are growing fast, and the long-term upside is real. But the most eye-catching numbers depend on some very bold assumptions. For now, the sector looks promising — just not ready yet to replace traditional payment giants overnight.

State Court Sides With Gaming Board On Friday, March 29, a #Nevada state judge extended a temporary ban on Kalshi’s sports event contracts, reinforcing the state’s position that these products amount to unlicensed gambling.
State Court Sides With Gaming Board
On Friday, March 29, a Nevada state judge extended a temporary ban on #Kalshi ’s sports event contracts, reinforcing the state’s position that these products amount to unlicensed gambling. Judge Jason Woodbury of the First Judicial District Court granted the Nevada Gaming Control Board’s (NGCB) request for a preliminary injunction, ensuring that Kalshi remains barred from offering sports-related prediction markets in the state until at least April 17. This decision follows a temporary restraining order issued on March 20 and extends it by two weeks to finalize the language of the injunction.
The #NGCB has maintained that Kalshi’s contracts—allowing users to buy and sell positions on outcomes like baseball games—are fundamentally indistinguishable from traditional sports bets offered by state-licensed gaming platforms. Judge Woodbury echoed this view in his ruling, stating that purchasing a contract on a sporting event via Kalshi is “indistinguishable” from placing a wager at a Nevada sportsbook. Mike Dreitzer, chairman of the NGCB, publicly backed the ruling and reiterated the board’s commitment to enforcing local gaming laws, which require explicit licensing for all wagering activities.
The temporary restraining order, first granted on March 20, was extended for two additional weeks to allow time for finalizing the injunction's language.
Kalshi’s “Swaps” Argument Falls Flat
Kalshi has argued that its event contracts are not bets but rather financial derivatives—specifically “swaps”—that fall under federal oversight by the Commodity Futures Trading Commission (CFTC). The company contends that its platform facilitates trading on real-world events in the same way that financial exchanges allow speculation on commodity prices or interest rates. However, Judge Woodbury rejected this defense outright, concluding that under Nevada law, these products constitute unlicensed gambling regardless of their classification as swaps at the federal level.
This marks the first time a state has secured an active court-enforced ban against Kalshi.
On paper, CFTC oversight might appear sufficient for platforms like Kalshi to operate nationwide—but in practice, state-level gaming regulations can override federal interpretations when it comes to what counts as gambling within their borders. This legal friction is now playing out most visibly in Nevada, home to America’s largest regulated betting industry.
Injunction Extends Restraining Order Timeline
The preliminary injunction will keep Kalshi’s ban in effect through at least April 17 as lawyers finalize its wording. The original temporary restraining order was issued on March 20 and specifically targeted contracts tied to baseball games and other sporting events. The scope of Judge Woodbury’s order also includes entertainment and election-based markets—meaning Nevada residents cannot legally trade positions on outcomes like award shows or political races via Kalshi without proper licensing.
According to coindesk.com, this legal action comes as state regulators increasingly scrutinize event-based prediction markets. Last month, Utah lawmakers passed their own bill aimed at both Kalshi and Polymarket, defining proposition-style bets on in-game events as gambling under state law—a move that signals growing legislative momentum against such platforms beyond Nevada.
CFTC and Nevada Remain at Odds
The ongoing legal battle highlights a deepening divide between federal regulators and state authorities over how to classify event-based contracts. While the CFTC—currently led by Chairman Mike Selig—has sided with prediction market providers like Kalshi in federal appeals courts and even filed amicus briefs supporting their position earlier this year, states like Nevada remain adamant that such activity constitutes gambling requiring local licensure. This regulatory clash leaves companies operating across multiple states facing significant compliance uncertainty.
Market observers have noted that while some states are moving aggressively to close perceived loopholes exploited by prediction markets, others have yet to take concrete action—creating an uneven landscape for companies like Kalshi. It’s unclear whether other jurisdictions will follow Nevada and Utah’s lead or wait for further guidance from federal courts or agencies.
For now, Kalshi faces an uphill battle if it hopes to resume operations in Nevada without first securing a gaming license—a process that could take months or longer depending on regulatory hurdles.
What still needs confirmation
It remains unclear whether the preliminary injunction against Kalshi, set to be finalized after the temporary restraining order expires on April 17, will include any modifications to the current ban or continue to block all sports, entertainment, and election-related contracts for Nevada residents; if the finalized injunction maintains the full scope of the ban, Kalshi will remain unable to offer these contracts in Nevada immediately following April 17.

Quantum Speed Threatens Crypto’s Core The cryptographic foundations of Bitcoin and other major cryptocurrencies are under increasing scrutiny as quantum computing advances accelerate.
Quantum Speed Threatens Crypto’s Core
The cryptographic foundations of #Bitcoin❗ coin and other major cryptocurrencies are under increasing scrutiny as #quantumcomputing advances accelerate. In March 2026, multiple research papers suggested that quantum computers could break widely used cryptographic systems sooner than previously anticipated. The core concern centers on algorithms like Shor’s, which allow quantum machines to solve problems—such as factoring large numbers and cracking digital signatures—that keep crypto assets secure.
A recent study from #Google ’s Quantum AI team found that a sufficiently powerful quantum computer, with fewer than 500,000 physical qubits, could derive a Bitcoin private key from its public key in about nine minutes. This is a drastic reduction compared to the years or even centuries required by conventional computers. The announcement has forced blockchain developers and security experts to reconsider how quickly their networks could be compromised if a so-called "Q-Day" arrives—the moment when quantum computers can break existing cryptography at scale.
Google's paper estimates that today's largest quantum processors, at around 1,000 qubits, are still far from the 500,000-qubit threshold needed for such attacks.
Nine-Minute Bitcoin Heists Loom Closer
#bitcoin transactions rely on the elliptic curve discrete logarithm problem for security. When someone sends bitcoin, their public key is revealed and broadcast to the network, where it sits in the mempool until a miner includes it in a block—a process that averages around 10 minutes. Google’s research indicates that an attacker with access to a quantum computer could pre-compute much of the work needed to break this link, requiring only about nine minutes to derive the private key once the public key appears.
This gives attackers a 41% chance of stealing funds before the transaction is confirmed.
On paper, $BTC transparent design is meant for openness and auditability—but quantum computing turns that openness into a liability. It’s uncertain how quickly users and developers could adapt if Q-Day arrived suddenly, especially since upgrading Bitcoin to post-quantum security standards would take years.
Security Slows Down Solana’s Network
Solana, known for its speed, faces a harsh tradeoff when experimenting with quantum-resistant cryptography. Project Eleven, working with Solana Foundation, deployed a test environment using quantum-safe signatures that are between 20 and 40 times larger than current ones. The result was stark: network performance dropped by about 90%, raising questions about whether users would accept such slowdowns for better security.
Fast blockchains may not stay fast if they want to survive Q-Day.
Bitcoin’s Unspent Keys: Sitting Ducks
Roughly one-third of all bitcoin—about 6.9 million BTC—are held in wallets where the public key has already been exposed. These funds are particularly vulnerable because their keys can be targeted by quantum attacks without waiting for new transactions to reveal them. “Q-Day” could potentially expose over $711 billion in value sitting in older addresses, according to decrypt.co.
Ethereum faces similar risks: one report identified vulnerabilities threatening $100 billion in assets due to traditional cryptographic methods still in use.
Why it matters: Practical Impact Beyond Theory
The threat isn’t just theoretical—some projects are already moving toward solutions. Naoris Protocol launched its mainnet with post-quantum cryptography this week, validating over 100 million transactions using algorithms approved by the U.S. National Institute of Standards and Technology. During its testnet phase, Naoris Protocol processed more than 106 million post-quantum transactions and detected over 603 million threats globally.
However, practical adoption comes with costs: larger signature sizes slow down networks dramatically, as seen with Solana’s 90% performance drop during testing. Even so, Naoris Protocol has created more than 3.3 million wallets and activated over one million security nodes worldwide; its NAORIS token currently holds a $36 million market cap.
Despite these advances, upgrading established blockchains like Bitcoin will require years of coordinated effort—and many users remain unaware that their holdings may be at risk sooner than expected if quantum computing breakthroughs continue apace.
Important Points
A quantum computer with fewer than 500,000 qubits could derive a Bitcoin private key from a public key in about nine minutes.Approximately 6.9 million bitcoin (one-third of supply) are in wallets where the public key has been permanently exposed.Quantum-resistant signatures tested on Solana were 20–40 times larger and slowed the network by about 90%.
Short-term watchlist
Naoris Protocol’s quantum-resistant blockchain mainnet went live on Thursday, and if its post-quantum cryptography successfully blocks transactions using traditional methods as claimed, it would immediately demonstrate a working mitigation against vulnerabilities highlighted in recent Google research estimating that fewer than 500,000 qubits could break Bitcoin’s cryptography—a threshold not yet reached by current quantum processors.

#metaplanet Vaults Past MARA Holdings Metaplanet has moved into the global spotlight after acquiring 5,075 #Bitcoin❗ in the first quarter of 2026, a purchase valued at approximately $405 million.
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Metaplanet Vaults Past MARA Holdings
Metaplanet has moved into the global spotlight after acquiring 5,075 $BTC in the first quarter of 2026, a purchase valued at approximately $405 million . This addition brings the Tokyo-listed company’s total #bitcoin holdings to 40,177 BTC as of March 31, surpassing the previous third-place holder, MARA Holdings. The average price paid for this latest tranche was about $79,900 per coin, a figure that closely tracks with prevailing market rates during the period.
The shift in rankings comes after MARA Holdings sold roughly 15,000 BTC in March for $1.1 billion, reducing its own stack to around 38,700 BTC. Metaplanet’s aggressive accumulation strategy has not only elevated its position among public companies but has also intensified competition for institutional dominance in Bitcoin treasuries.
MARA Holdings' reduction to 38,700 $BTC in March marked its lowest balance since early 2024.
Tokyo Firm’s Bold Bitcoin Bet Deepens
With a cumulative investment now totaling around $4.18 billion, Metaplanet’s commitment to Bitcoin is clear. The company’s average cost basis sits at roughly $104,106 per coin—well above current spot prices—raising questions about the sustainability and risk profile of such heavy exposure.
Despite these concerns, Metaplanet has demonstrated an ability to raise significant capital for its crypto strategy. In January 2026 alone, it secured $137 million through a share and warrant sale, with additional potential funding up to $276 million still on the table. These funds have underpinned its continued purchasing spree and allowed it to maintain momentum while other firms have pared back their holdings.
On paper, Metaplanet is building a formidable treasury—but its average acquisition cost remains a point of scrutiny among investors.
Strategy, XXI Still Hold the Crown
Even with this latest acquisition, Metaplanet remains behind two major players: Strategy (MSTR), which holds over 762,000 BTC, and Twenty One Capital (XXI), with 43,514 BTC. According to decrypt.co, these two companies continue to dominate the leaderboard for public corporate Bitcoin holdings by significant margins.
Metaplanet’s new position as number three highlights both how quickly fortunes can change in the corporate crypto landscape and how concentrated the largest treasuries remain. For context: Strategy’s holdings are nearly twenty times larger than Metaplanet’s current stack.
Shares Slip Despite Treasury Milestone
Metaplanet’s stock did not rally on news of its expanded treasury. On Wednesday, April 2, shares closed at 302 yen ($1.89), down about 2% from the previous day’s close of 308 yen. This muted response may reflect investor wariness about the company’s high cost basis or broader volatility in crypto-linked equities.
This market reaction stands in contrast to some earlier periods when corporate Bitcoin buys triggered strong upward moves in related stocks. It’s unclear whether shareholders are factoring in recent sector headwinds or simply taking profits after a prior run-up.
Bitcoin Income Segment Drives Revenues
Beyond holding Bitcoin as an asset, Metaplanet has developed an income generation business centered around its crypto reserves. In the first quarter of fiscal 2026 alone, this segment produced operating revenue of about 2.97 billion Japanese yen (approximately $18.6 million). For full-year fiscal 2025, revenues from this segment reached roughly $53.7 million; trailing twelve-month figures stand at $71.5 million.
The company also reported a year-to-date BTC yield of 2.8% for 2026—a metric it uses to track growth in Bitcoin holdings per diluted share. This yield suggests that Metaplanet is not only accumulating coins but also finding ways to put them to work within its business model.
Still, with an average acquisition price above six figures per coin and ongoing market volatility, questions remain about how sustainable these returns will be if prices stagnate or fall further.
What to monitor next
If Metaplanet conducts another share or warrant sale similar to its January 2026 raise of $137 million, it could immediately increase its capacity for further Bitcoin acquisitions; however, any such capital raise has not yet been confirmed.

Solana’s ‘Durable Nonces’ Under Scrutiny The recent attack on Drift Protocol exposed a critical vulnerability in $SOL ’s transaction model, leveraging a feature known as “durable nonces.
Solana’s ‘Durable Nonces’ Under Scrutiny
The recent attack on #DRIFT Protocol exposed a critical vulnerability in #solana ’s transaction model, leveraging a feature known as “durable nonces.
On March 23, four durable nonce accounts were created: two linked to legitimate Drift Security Council members and two under the attacker’s control. This setup enabled the attacker to prepare fraudulent transactions that would be authorized by the protocol’s multisig governance weeks later.
Security Council Approval Trick Uncovered
Drift Protocol’s governance relied on a five-member Security Council multisig, with at least two signatures required for critical actions. The attacker exploited this process by tricking council members into pre-approving malicious transactions using durable nonces. These pre-signed actions included removing withdrawal limits and granting themselves administrative privileges. Once signed, these transactions could be executed at any time, giving the attacker an open window for exploitation.
It’s a stark reminder that admin key management can be just as risky as smart contract bugs.
$270 Million Gone in Under a Minute
When the attack was finally executed, more than $270 million was drained from Drift Protocol in less than sixty seconds. The setup phase spanned over a week, but the actual theft was nearly instantaneous. The attacker created a fake market for a worthless token called CVT and manipulated its price oracle—an external data feed providing token prices—to artificially inflate its value. With withdrawal controls removed and the price of CVT set by their own oracle, the attacker siphoned off major assets including $USDC and eETH from Drift’s shared liquidity pool.
Onchain data shows that afer draining user funds, the exploiter swapped most assets into USDC and then bridged them to #Ethereum . According to cointelegraph.com, critics have questioned why Circle did not freeze the stolen USDC for at least six hours during this period, especially since Circle has taken such action in previous cases.
See Also
Ethereum Foundation Sells 5,000 ETH to BitMine in $10M OTC DealUS Treasury Softens Stance on Crypto Mixers, Recognizes Lawful Privacy Needs
North Korean Hackers Suspected in Raid
Blockchain analytics firm Elliptic has identified “multiple indicators” linking the $285 million Drift exploit to North Korea’s state-sponsored DPRK hacker group. These indicators include familiar laundering techniques and network behaviors observed in prior attacks attributed to DPRK actors. If confirmed, this would mark Elliptic’s eighteenth tracked North Korean crypto theft this year alone, with total losses exceeding $300 million so far in 2025.
The scale of this incident is notable even against previous record-setting breaches. In December last year, Chainalysis reported that North Korean hackers stole $2 billion worth of crypto in 2025—including $1.4 billion from Bybit—a 51% increase over the prior year. U.S. Treasury officials have repeatedly warned that such stolen assets are funneled into North Korea’s weapons programs.
On paper, decentralized governance and multisig security should prevent single points of failure—but sophisticated social engineering and admin key mismanagement continue to undermine these safeguards.
Why it matters: Practical Impact Across Solana Ecosystem
The fallout from Drift’s exploit rippled across Solana markets within hours. SOL dropped nearly 3% to $78.30—the lowest price since late February—while DRIFT tokens plummeted over 40% to approximately $0.06 following news of the breach. For users of Drift Protocol—the largest decentralized perpetual futures exchange on Solana—deposits and withdrawals were frozen during the attack as teams scrambled to coordinate with security firms and exchanges.
The incident also reignited debate around admin key audits versus code audits: just ten days earlier, another Solana protocol called Resolv lost $25 million after attackers compromised a privileged service key rather than exploiting smart contract code directly.
It remains unclear whether all stolen funds will be recovered or if further protocol changes can prevent similar attacks using durable nonces or social engineering tactics targeting multisig councils.
Key risks to monitor
If Circle decides to freeze the stolen USDC—estimated at over $270 million and bridged to Ethereum after the March 27 exploit—immediate asset recovery could occur; however, as of several hours after the attack, no such freeze had been confirmed, raising uncertainty about the funds' status.

#bitcoin Surges After Trump’s Iran Threat Bitcoin’s price trajectory has been anything but stable as geopolitical tensions between the U.S.
Bitcoin Surges After Trump’s Iran Threat
#Bitcoin❗ 's price trajectory has been anything but stable as geopolitical tensions between the U.S. and #Iran have escalated. On the heels of U.S. President Donald #TRUMP ’s statement that Washington is “in serious discussions with a new, and more reasonable, regime” in Iran, the leading cryptocurrency jumped above $67,600, marking a 1.3% gain within 24 hours. Trump’s threats to target critical Iranian infrastructure—including oil wells and electric plants—if negotiations failed added fuel to a market already on edge.
The crypto market’s response was immediate: Ether $$ETH climbed 3.1% to $2,070, Solana ($SOL ) rose 1.9% to $84.09, and $XRP ticked up to $1.35 in the same period. The largest single liquidation order—a $9.8 million BTCUSD position on Bybit—underscored just how quickly traders were forced to adjust as headlines broke.
Houthis Escalate Conflict, BTC Swings
The situation took another turn as Iran-backed Houthi forces entered the fray, opening a new front beyond the direct U.S.-Israel-Iran conflict zone. This development sent Bitcoin tumbling to $65,112 early Monday morning—its lowest point since February’s crash—before rebounding to $67,402 as Asian markets opened.
During this 24-hour window, Bitcoin traded within a tight band between $65,112 and $67,389. Ethereum mirrored this volatility with a 2% recovery to $2,044, while Solana and XRP also bounced back from their lows. Over the week, however, major tokens struggled: Bitcoin slipped 1%, Ethereum 0.9%, XRP 1.9%, and Solana dropped 3.7%. In contrast, Tron outperformed with a 2.6% daily gain and a 4.6% rise over seven days.
In just one day, market sentiment flipped from fear to cautious optimism.
On paper, this suggests resilience in crypto assets—but persistent volatility shows that confidence remains fragile amid ongoing conflict developments.
Oil Spikes, Crypto Markets React Fast
Energy prices have been a critical backdrop for recent crypto swings. As Brent crude surged by 2.5% to around $115 per barrel—up roughly 90% year-to-date—the correlation between oil shocks and digital asset volatility became hard to ignore. Bitcoin’s rebound coincided with oil staying above the psychologically important $100 mark into Monday trading sessions.
According to coindesk.com, U.S. stocks struggled for momentum at the start of the week while Bitcoin managed a modest recovery from new March lows of $65,000—highlighting how macroeconomic crosswinds are shaping digital asset performance alongside traditional markets.
Short Sellers Hit Hard by Volatility
The speed of these price moves triggered rapid liquidations across derivatives exchanges. CoinGlass data showed $9.32 million in short positions wiped out in just one hour as prices rebounded sharply; long positions saw comparatively minor losses at $207,000 during the same period.
Meanwhile, broader market activity reflected heightened uncertainty: yields for five-year U.S. Treasury bonds rose by 4% in March as investors sought safer ground amid headlines about “Operation Epic Fury,” a joint U.S.-Israel military move inside Iran launched on February 28.
Bitcoin’s hashrate—a measure of mining power—dropped by 6% after these attacks, reflecting both direct impacts on Iranian infrastructure and broader risk aversion among miners worldwide.
What the next days may bring
If President Trump’s threatened strikes on Iran’s oil and energy infrastructure materialize following failed negotiations, immediate market reaction could include further Bitcoin price volatility beyond the recent $65,112–$67,389 range and additional liquidations, but whether a deal is reached or attacks occur remains unclear as of Monday.

Real-world credit comes to DeFi Aave has launched its v4 upgrade on the #Ethereum mainnet, marking a significant expansion in decentralized finance’s (DeFi) reach.
Real-world credit comes to DeFi
$AAVE has launched its v4 upgrade on the #Ethereum mainnet, marking a significant expansion in decentralized finance’s (DeFi) reach.
This move could open doors for traditional financial products—like mortgages or business loans—to be issued and managed via smart contracts on #Ethereum✅ , a step that could bring billions in off-chain value into DeFi protocols.
Hub-and-spoke model reshapes lending
The new architecture at the heart of Aave v4 is called “hub-and-spoke.” In this model, liquidity is concentrated in a central pool (the hub), while various specialized markets (the spokes) operate independently but can draw from the shared funds. This structure allows for greater flexibility: different types of lending—ranging from crypto-backed loans to real-world asset financing—can function under separate risk parameters while benefiting from deeper liquidity.
#AAVE v4 also introduces credit lines, enabling users to access funds more efficiently without needing to withdraw and redeposit collateral for each loan type. The protocol’s technical overhaul is expected to support a broader array of use cases, potentially attracting new user segments and capital sources.
Governance tensions spark DAO shakeup
While Aave’s codebase was being retooled, its governance community faced internal conflict. In December 2025, discussions began about whether revenue generated by Aave’s front-end interfaces should flow back to the decentralized autonomous organization (DAO) that oversees the protocol’s treasury. By February, Aave Labs—led by founder Stani Kulechov—put forward the “Aave Will Win” proposal, which stated that all revenue from branded products should ultimately benefit the DAO.
In early March, these disagreements led the Aave Chain Initiative (ACI)—the group responsible for most governance activity over recent years—to announce its exit after clashing with Aave Labs regarding revenue flows.
The departure of ACI leaves a vacuum in protocol governance just as major chanegs are rolling out. On paper, streamline decision-making; but it also raises questions about how decentralized oversight will function in practice as Aave enters a more complex phase.
Idle funds find new purpose
A key technical improvement in v4 concerns how idle funds—often referred to as “the float”—are managed. Previously, unused assets sitting in liquidity pools generated little or no return. With v4, these funds can now be reinvested more efficiently within the protocol itself, potentially increasing overall yield for depositors without exposing them to additional risk.
The initial rollout of v4 has been intentionally conservative: only a limited set of markets are live so far, with cautious risk parameters. According to coindesk.com, further features and expanded market access will be subject to future governance votes—a process that may be complicated by recent shifts within the DAO’s leadership structure.
Why it matters: Practical impact for users
For everyday users and institutions alike, these changes mean more options and potentially higher yields. With Aave now live on X Layer—a separate blockchain platform—OKX Wallet users can supply assets like USDT0, xBTC, and xETH without giving up custody. Earnings compound automatically, making passive income simpler than before.
It’s uncertain how quickly traditional finance players will embrace onchain lending via Aave’s new architecture. However, with billions of dollars already flowing through DeFi protocols annually and concrete moves like Aave’s expansion onto X Layer, practical adoption is no longer just theoretical.
What remains to be seen
It remains unclear when Aave governance will approve additional features for v4 beyond the limited set of markets and conservative settings that went live at launch; if the DAO moves forward with new proposals in the coming weeks, immediate expansion of available lending and borrowing options could follow.

$LDO drop, the DAO raises the alarm The LDO token #LidoDAO is going through a critical period: it has lost nearly 96% of its value since its all-time high of $7.30 reached in August 2021.
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LDO drops, the DAO raises the alarm
The token $LDO Lido DAO is going through a critical period: it has lost nearly 96% of its value since its all-time high of $7.30 reached in August 2021.
Faced with this decline, the Lido DAO community has decided to take action by proposing an emergency plan: a one-time buyback of LDO tokens for a total value of $20 million.

Canada follows in the footsteps of the United Kingdom On March 26, the Canadian federal government unveiled Bill C-25, called the Strong and Free Elections Act, aimed at banning political donations in cryptocurrencies.
Canada follows in the footsteps of the United Kingdom
On March 26, the Canadian federal government unveiled Bill C-25, called the Strong and Free Elections Act, aimed at banning political donations in cryptocurrencies. This announcement comes less than twenty-four hours after the United Kingdom imposed an immediate moratorium on political contributions in cryptoassets. According to coindesk.com, the Canadian proposal targets both registered parties and riding associations, candidates, and third-party groups involved in election advertising.

Mythos Leak Rattles Crypto Markets The unintentional leak of Anthropic’s most advanced artificial intelligence model, Claude Mythos, has triggered immediate repercussions across both the crypto and cybersecurity landscapes.
Mythos Leak Rattles Crypto Markets
The unintentional leak of #Anthropic ’s most advanced artificial intelligence model, #ClaudeMythos , has triggered immediate repercussions across both the crypto and cybersecurity landscapes.
On paper, Anthropic’s intent was to quietly trial Mythos with select early access customers, but the accidental disclosure forced an abrupt public reckoning with its potential risks.
The impact was not limited to digital currencies alone. Software security stocks like #PaloAltoNetworks and #CrowdStrike fell between 4% and 6%, while the broader iShares Expanded Tech-Software Sector ETF slid 2.5%. These numbers reflect how closely intertwined AI advancements and digital asset security have become—and how quickly market confidence can erode when new threats emerge.
$BTC dropped from $66,899.75 to $66,000 following the news of the leak on Thursday.
Human Error Exposes AI, Blockchain Risks
Anthropic attributed the breach to human error in its content management system. Cybersecurity researchers found that not only was the Mythos draft accessible, but so were thousands of other internal assets tied to Anthropic’s blog operations. The company responded by immediately restricting public access after being contacted by journalists, but by then, the damage was done: sensitive information about their most powerful #AI model had entered the public domain.
The draft post itself warned that Mythos could pose “unprecedented cybersecurity risks,” particularly for blockchain security and smart contract auditing.
According to coindesk.com, internal Anthropic documents explicitly highlighted these dangers, noting that Mythos scored “dramatically higher” than previous models on tests involving software coding and cybersecurity. This leap in capability is double-edged: while it offers new tools for defense, it also raises the stakes for exploitation if such an AI falls into malicious hands.
Capybara Tier Promises Unseen Power
Beyond Mythos itself, leaked materials referenced a forthcoming model tier called “Capybara,” described as larger and more capable than Anthropic’s existing Opus lineup.
The Capybara tier is not yet available for general use and remains in early testing with select organizations focused on cybersecurity defense. Internally labeled as version two—whereas Mythos is version one—Capybara signals Anthropic’s ambition to push AI capabilities even further past current benchmarks. However, the draft blog post made clear that running these models is expensive and not yet viable at scale for most users.
Why It Matters: Practical Impact on Crypto Security
The immediate fallout from the leak has been felt across both financial and technical spheres. For crypto holders and blockchain developers, the revelation that an AI model can identify and exploit vulnerabilities more effectively than any before it introduces a new layer of risk. Smart contract auditing—a process meant to catch bugs or backdoors in decentralized finance (DeFi) code—may now face challenges that existing tools are unequipped to handle.
This concern is not theoretical; DeFi protocols already contend with frequent hacks resulting in millions lost each year. With Mythos reportedly outperforming Opus 4.6 on academic reasoning and software security tasks, some fear that attackers could leverage similar technology to automate exploits at scale. The fact that Anthropic plans only a cautious early-access rollout underscores both the promise and peril of such advanced AI systems.
Thousands of Internal Assets Unintentionally Exposed
The scale of the exposure stands out: nearly 3,000 unpublished assets were left open due to misconfigured access controls in Anthropic’s backend systems. This trove included not just details about Mythos but also other sensitive company materials. While public access was cut off soon after discovery, it remains uncertain exactly how many third parties may have accessed or downloaded these files before they were secured.
One judge’s ruling this week added another layer of complexity: U.S. District Judge Rita Lin blocked efforts by federal agencies to designate Anthropic as a supply chain risk over its refusal to permit mass surveillance or lethal autonomous warfare applications for its AI models. The legal battle involves a $200 million government contract awarded in July 2025—and highlights how regulatory scrutiny is converging with technical risk at precisely the wrong moment for both Anthropic and its customers.
What may drive the next phase
If Anthropic moves Mythos from limited early-access trials to broader general availability—currently not yet confirmed due to its high operational costs and stated cybersecurity risks—markets may react immediately given the model's demonstrated ability to outperform Opus 4.6 in software coding and cybersecurity, as highlighted in leaked internal documents.

Bitcoin under macroeconomic pressure This Friday, the #Bitcoin❗ plunged below 67,000 dollars, reaching its lowest level in over two weeks and recording a drop of 8% compared to the 71,300 dollars from the previous day.
Bitcoin under macroeconomic pressure
This Friday, the #bitcoin $BTC plunged below 67,000 dollars, reaching its lowest level in over two weeks and recording a drop of 8% compared to the 71,300 dollars from the previous day. This rapid decline comes as global markets are shaken by persistent macroeconomic tensions, notably the rise in US interest rates and the surge in oil prices. The yield on US 10-year Treasury bonds is now approaching 4.5%, an unmatched high since last July, while the price of WTI oil has surpassed 100 dollars due to supply disruptions from Russia caused by Ukraine.

A great price to challenge the competition
Morgan Stanley filed an amendment with the SEC on Friday to launch its spot ETF #bitcoin , named Morgan Stanley Bitcoin Trust (MSBT), with annual fees set at 0.14%. This level immediately places the bank's offering at the forefront of the American market in terms of pricing competitiveness, even surpassing the Grayscale Bitcoin Mini Trust ETF, which already features a very aggressive rate of 0.15%.
With this positioning, #MorganStanley size also has a significant margin over the giant BlackRock, whose iShares Bitcoin Trust (IBIT) currently charges 0.25% per year. In a sector where fees have become a central argument to attract flows from institutional and individual investors, this announcement redefines expectations and puts pressure on historical players.

Bitcoin Sale Slashes MARA’s Debt Load
Marathon Digital Holdings (MARA), one of the largest publicly traded #bitcoin miners in the United States, has executed a major balance sheet maneuver by selling 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25. The company deployed these proceeds to repurchase about $1 billion of its outstanding zero-coupon convertible senior notes due in 2030 and 2031, reducing its total convertible debt by roughly 30%—from around $3.3 billion down to $2.3 billion.
The buyback was executed at a notable discount: #MARA acquired $367.5 million of its 2030 notes for $322.9 million and $633.4 million of its 2031 notes for $589.9 million. This structure allowed Marathon to save approximately $88 million before transaction costs, as the repurchases were made at about 9% below par value.
Following the March sale, MARA’s $BTC holdings stood at 38,689 $BTC , according to Bitcointreasuries.net.
After the sale, MARA’s Bitcoin holdings dropped from over 53,800 BTC to 38,689 BTC, representing a liquidation of nearly 28% of its previous reserves. These remaining holdings were valued at around $2.6 billion based on a Bitcoin price near $69,000 during the period, highlighting both the scale of Marathon’s treasury and the magnitude of the transaction.
Discounted Debt Buyback Boosts MARA Shares
News of the discounted debt repurchase provided an immediate lift to MARA’s share price. In premarket trading following the announcement, shares rose from $8.25 to as high as $9.29—a jump of about 12.6%. At market open, shares remained elevated around $8.74, still up over 5% compared to previous closes.
On paper, the company reported a net loss of $1.7 billion in Q4 2025—mainly due to non-cash adjustments tied to Bitcoin’s fair value—but investors responded positively to the reduction in leverage and improved balance sheet flexibility.
Despite this short-term rally, it is that MARA shares had fallen by 44% over the prior six months before this announcement, reflecting ongoing volatility in both crypto markets and mining sector equities.
Why MARA Sold at This Moment
The timing of Marathon’s move coincided with broader turbulence across digital asset markets. During March, Bitcoin prices dipped below the key $70,000 mark while ether fell toward $2,000 amid rising oil prices and declining equity markets—factors that pressured altcoins and contributed to weaker liquidity conditions overall.
While some might question whether selling such a large chunk of Bitcoin into a softening market was optimal, Marathon’s management prioritized immediate balance sheet improvement over potential future gains from holding more BTC. The company also stands to benefit from lower interest obligations after reducing its outstanding convertible notes by almost one-third.
Debt Discount: How MARA Pulled It Off
As reported by coindesk.com, Marathon structured its buyback so that both tranches of convertible notes—the ones maturing in 2030 and those due in 2031—were purchased at roughly a 9% discount to their face value. This approach generated about $88 million in direct savings for shareholders and left approximately $632.5 million in 2030 notes and $291.6 million in 2031 notes still outstanding after closing on March 30 and March 31.
In addition to its financial engineering efforts, Marathon recently agreed to acquire a majority stake in Exaion’s AI-focused data centers—a diversification play that could further insulate it from cryptocurrency price cycles.
It’s unclear whether other major miners will follow suit with similar debt reduction strategies or if they will continue accumulating Bitcoin on their balance sheets as reserves against future volatility.
Key Observations
MARA sold 15,133 Bitcoin for $1.1 billion between March 4 and March 25, 2025, to fund debt buybacks.The repurchase of $1 billion in convertible notes at a 9% discount reduced MARA’s outstanding convertible debt by about 30%.After the sale, MARA’s Bitcoin holdings dropped to 38,689 BTC, representing a 28% reduction in reserves.
What the market is waiting for
The market is watching for the scheduled closing of MARA's convertible note repurchases on March 30 and March 31; if these transactions close as planned, MARA's outstanding convertible debt will immediately drop by about 30% to roughly $2.3 billion, but if the deals do not close, the reduction remains uncertain.

Bitcoin absorbs the initial shock
When tensions erupted between the United States, Israel, and Iran, Bitcoin $BTC was not spared from the initial panic.
However, this drop did not last: by the following week, the #bitcoin had regained strength, showing a low of 68,000 dollars on March 7, then holding above 69,400 dollars after the attacks on tankers on March 12.
Rocketing rise after the panic
As the escalade militaire se poursuivait au Moyen-Orient, the #bitcoin.” distinguished itself by its ability to bounce back faster and stronger than most traditional assets. The Saturday following the attack on Kharg Island, it maintained a floor of 70,596 dollars. Meanwhile, its technical ceiling remained between 73,000 and 74,000 dollars: an area that repelled four attempts at further takeoff in two weeks.

The Iran-USA war, driver of bitcoin
The military escalation between Iran and the United States immediately triggered a shockwave in global markets, particularly in oil and cryptocurrencies.
But unlike previous episodes where crypto mainly served as a temporary safe haven, this crisis has seen a massive influx of capital into the sector, counter to panic selling in other markets.
Massive purchases support crypto
At the heart of this turbulent period, major institutional buyers played a crucial role in stabilizing the market. ETFs #bitcoin $BTC listed in the United States recorded over $700 million in net inflows this month alone, according to SoSoValue. In the previous week, these flows had already reached $568 million. Since the end of February, spot ETFs #Bitcoin❗ have shown a positive balance of $1.7 billion after four consecutive months of net outflows. This sharp turnaround reflects a renewed appetite for the digital asset despite geopolitical uncertainty.