Crypto World
A Practical Guide for Investors
Key Takeaways
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Tracking Bitcoin properly requires visibility across wallets, exchanges, and on-chain activity
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Portfolio trackers simplify monitoring balances, performance, and price movements
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Modern tools offer automation, analytics, and alerts for better portfolio management
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Platforms like CoinStats allow users to track Bitcoin holdings across multiple wallets and exchanges in one place
Introduction
Bitcoin remains the cornerstone of the cryptocurrency market. Whether investors hold BTC as a long-term store of value or actively trade it across exchanges, keeping track of Bitcoin holdings has become increasingly important.
In 2026, many investors no longer store their Bitcoin in a single place. Assets are often distributed across centralized exchanges, hardware wallets, mobile wallets, and DeFi platforms. This fragmented structure makes it harder to maintain a clear overview of balances, performance, and exposure.
For this reason, tools designed specifically to monitor crypto portfolios have become essential. Tracking Bitcoin today means more than simply checking the price. Investors need visibility into wallet balances, transaction history, profit and loss, and portfolio performance across multiple platforms.
Why Tracking Bitcoin Is Important
Many crypto investors underestimate the importance of structured portfolio tracking. Without a proper system in place, it becomes difficult to answer basic questions such as:
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How much Bitcoin do I actually hold across all platforms?
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What is my average purchase price?
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How much profit or loss have I generated over time?
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How exposed is my portfolio to Bitcoin compared to other assets?
Manually calculating this information quickly becomes inefficient, especially for investors who frequently move funds between exchanges or wallets.
A reliable tracking system helps users maintain transparency over their investments and enables better decision-making in volatile markets.
The Challenges of Managing Bitcoin Across Multiple Platforms
One of the defining features of crypto is self-custody. Unlike traditional finance, where assets are often held within a single brokerage account, crypto investors commonly distribute their holdings across multiple platforms.
For example, a typical Bitcoin holder might store BTC in:
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A mobile wallet like Trust Wallet
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A browser wallet like MetaMask
Each platform provides its own interface, transaction history, and balance display. While this decentralization offers greater control, it also creates operational complexity.
Without a unified system, users must manually check each wallet and exchange to determine their total Bitcoin holdings.
Portfolio Trackers Simplify the Process
Crypto portfolio trackers were developed to solve this exact problem. These tools allow investors to connect multiple wallets and exchanges into a single dashboard, giving them a consolidated view of their assets.
Once connected, portfolio trackers automatically synchronize balances, transaction history, and price data. This removes the need for manual tracking or spreadsheets.
In addition to balance aggregation, modern portfolio trackers often provide:
These features allow investors to monitor their Bitcoin positions more effectively and react faster to market changes.
Tracking Bitcoin With CoinStats
One of the most widely used tools for this purpose is the CoinStats Bitcoin tracker, which allows users to monitor their BTC holdings across multiple wallets and exchanges from a single interface.
CoinStats supports hundreds of wallets and exchanges and integrates with more than 120 blockchains. This makes it possible to track Bitcoin stored in both centralized and decentralized environments.
Instead of logging into several platforms, users can connect their accounts and instantly view their Bitcoin balance, transaction history, and overall portfolio performance.
The platform also offers advanced analytics features that help investors understand how their Bitcoin holdings perform over time. These insights include profit and loss calculations, historical performance tracking, and portfolio breakdowns.
Real-Time Insights and Alerts
Another advantage of using a dedicated tracking platform is real-time monitoring. Bitcoin markets operate 24/7, and prices can change rapidly within short periods of time.
Portfolio tracking tools allow users to set alerts for price movements, ensuring they are notified when Bitcoin reaches specific levels. This is particularly useful for investors who follow long-term accumulation strategies or traders who monitor entry and exit points.
Having access to these alerts helps users stay informed without constantly checking multiple exchange apps.
A Better Way to Monitor Your Bitcoin
As the crypto ecosystem grows more complex, tools that simplify portfolio management are becoming increasingly valuable. Bitcoin may be the most established digital asset, but managing it across multiple platforms still presents practical challenges.
Using a portfolio tracker allows investors to maintain clarity, track performance accurately, and make more informed decisions.
For users who hold BTC across several wallets or exchanges, having a unified dashboard can significantly improve the overall investment experience.
Final Thoughts
Bitcoin continues to play a central role in the digital asset ecosystem. Whether used as a long-term investment or part of an active trading strategy, keeping track of Bitcoin holdings is essential for effective portfolio management.
As the market expands and investors interact with more platforms, tools that aggregate and analyze portfolio data are becoming indispensable.
Solutions like CoinStats demonstrate how portfolio tracking has evolved from simple balance monitoring into a comprehensive system for managing digital assets in an increasingly decentralized financial landscape.
Bitcoin (BTC) failed to break beyond $71,000 on Thursday, partially driven by the decline in the US stock market, with BTC funding rates dropping deeper into negative territory.
Key takeaways:
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Bitcoin bears show high conviction as funding rates drop, but steady institutional buying keeps sellers in check.
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Gold and government bond yields are rising, making it harder for Bitcoin to compete as a top-tier store of value.
Bitcoin futures imply moderate market stress
Traders fear that a prolonged war in Iran could cause havoc in the energy markets, negatively impacting the already weakened global economic prospects.
Bitcoin’s perpetual futures displayed signs of moderate stress, signaling a potential $66,000 retest. However, institutional inflows show increased demand, reducing the odds of a major Bitcoin price correction.
The Bitcoin perpetual futures annualized funding rate dropped to -7% on Thursday, meaning shorts (sellers) were the ones paying to keep their positions open.
The growing conviction from bears is concerning, but the lack of demand from longs (buyers) should come as no surprise, given that Bitcoin is 45% below its all-time high.
Bitcoin’s derivatives remain muted
The tech-heavy Nasdaq 100 index traded merely 6% below its all-time high on Thursday. Even the US-listed small capitalization Russell 2000 Index stood 9% from its highest mark ever.
Hence, the worsening economic conditions or fear of contagion due to logistics issues in the Middle East can hardly be used to justify Bitcoin’s sluggishness.
The latest US jobless data released on Thursday revealed 1.85 million continuing claims in the week ended on Feb. 28, slightly above consensus, according to Yahoo Finance.
US President Donald Trump vowed to “finish the job” in Iran, a war that further weakens the government’s fiscal debt conditions and does not help labor market prospects.
The Bitcoin monthly futures premium relative to regular spot markets has stood below the neutral 5% threshold for the past couple of weeks. But despite being far from bullish, there is no evidence that Bitcoin derivatives presently signal continued stress.
This lack of interest is a reflection of Bitcoin’s failure to rally despite the anticipation of monetary expansion.
Rising institutional demand may push BTC above $75,000
Gold strength above $5,100 undermines Bitcoin’s store of value premise, especially as yields on US bonds rose sharply in March, meaning traders are demanding higher returns to hold those instruments.
Yields on the 5-year US Treasuries jumped to 3.80% on Thursday after dipping below 3.50% in late February. Hence, investors exited fixed-income investments.
Related: Bitcoin catching up to gold hints at an ‘opportunity within risk’
The US Federal Reserve is in a tough spot since lowering interest rates is needed to boost the job market and reduce risks in credit markets. But rising oil prices create sustained upward pressure on inflation.
Presently, Bitcoin’s hard-coded and transparent monetary policy is not being valued as a safe haven, but this could change as institutional demand picks up.
Additionally, a single Bitcoin derivatives metric (funding rates) should not be interpreted as a driver for a sharp price correction.
Particularly, amid a sequence of Bitcoin spot exchange-traded fund (ETF) net inflows and Strategy (MSTR US) yield products, resulting in accelerated Bitcoin accumulation. Sellers below $75,000 will eventually run out of coins, paving the way for a sustained bull run.
As Cointelegraph reported, Bitcoin bulls will likely need to wait until after March for a chance to break the $78,000 resistance
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
The United States Senate voted on Thursday to include an amendment in the 21st Century Road to Housing Act that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).
The CBDC prohibition will remain in effect until Dec. 31, 2030, according to the amendment in the bill. The legislation, which passed 89-10, stated:
“The Board of Governors of the Federal Reserve System or a Federal Reserve Bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency, directly or indirectly through a financial institution or other intermediary.”
However, the bill does not prohibit any dollar-denominated digital currency that is “open, permissionless, and private,” such as stablecoins.
US Treasury Secretary Scott Bessent and President Donald Trump have presented dollar-pegged stablecoins as a way to extend US dollar hegemony, while Trump and other Republican lawmakers have taken a hardline stance against CBDCs.
Related: Republican opposition to CBDC could hold up housing affordability bill
Lawmakers slam CBDCs as authoritarian surveillance technology
More than 30 US lawmakers signed a letter on March 6, urging the Senate to pass a permanent CBDC ban, rather than a temporary moratorium.
“A CBDC would give unelected bureaucrats unprecedented power over Americans’ finances and threaten basic economic freedom,” Representative Ralph Norman, one of the signatories of the letter, said.
Representative Warren Davidson, a long-time critic of CBDCs, has also criticized regulated dollar-pegged stablecoins as having the same surveillance capabilities as CBDCs.
Warren also warned that regulations under the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act create an avenue to “control” and “coerce” the US population through financial surveillance techniques and programmable money.
Hedge fund manager Ray Dalio also recently warned that CBDCs would expand the government’s control over people’s finances.
“There will be no privacy, and it’s a very effective controlling mechanism by the government,” Dalio said in an interview with independent journalist Tucker Carlson.
CBDCs likely won’t be yield-bearing, meaning they do not offer inflation protection and can be automatically taxed or frozen by the government, he added.
Magazine: GENIUS Act reopens the door for a Meta stablecoin, but will it work?
- Playnance to launch G Coin on March 18.
- Token enters market with 200,000 holders and $38M estimated valuation.
- Ecosystem processes millions of daily interactions across gaming, sports, and prediction markets.
Playnance, a Web3 infrastructure company focused on blockchain-based digital entertainment platforms, is preparing to launch G Coin, the utility token powering activity across its ecosystem of on-chain gaming, prediction markets, and interactive financial platforms, on March 18.
Unlike many token launches that occur before meaningful product adoption, G Coin enters the market as part of an already active ecosystem.
According to Playnance’s public tracker, the token currently has more than 200,000 holders, with about 13 billion G Coin distributed during the presale phase and an estimated market capitalisation of around $38 million ahead of its Token Generation Event.
G Coin serves as the unified economic layer of the Playnance ecosystem, enabling gameplay activity, predictions, settlements, rewards, and other forms of participation across the network’s platforms. “On March 18, G Coin will enter the market with real adoption already in place,” said Pini Peter, CEO of Playnance.
“With more than 200,000 holders and millions of daily on-chain interactions, G Coin introduces a usage-driven token economy designed to grow alongside its expanding global community. There are many other surprises on the way to take the entertainment world to the next level. Stay tuned.”
The token runs on PlayBlock, Playnance’s blockchain infrastructure designed to support fast, gasless interactions while maintaining non-custodial ownership and on-chain transparency.
The wider Playnance ecosystem operates at scale across multiple digital entertainment platforms.
Its infrastructure supports more than 300,000 registered accounts, integrates with over 30 game studios, and hosts more than 10,000 on-chain games.
Across the network, platforms process roughly 2 million on-chain transactions daily and enable interaction with over 2.5 million sports events annually.
Together, these systems create a high-volume on-chain environment where millions of daily interactions across gaming, sports, and financial prediction markets are powered by G Coin.
Recent developments across the ecosystem point to continued activity growth ahead of the token launch.
Earlier this year, Playnance reported that its “Be The Boss” partner program had surpassed $2 million in real cash payouts, while the broader ecosystem generated more than $5.3 million in total revenue.
G Coin operates under a fixed supply model capped at 77 billion tokens, with no future minting.
Circulating supply is managed through a structured lock-and-release system.
Tokens lost through gameplay are locked for 12 months before returning to circulation according to their original loss date.
Unsold tokens from the Token Generation Event are subject to a 12-month cliff followed by a 24-month linear vesting schedule.
With the launch of G Coin, Playnance aims to formalize the economic layer supporting its digital entertainment infrastructure, linking gameplay, sports events, prediction markets, and partner platforms within a unified on-chain ecosystem.
Coinbase has denied lobbying against a de minimis tax exemption for bitcoin (BTC), despite a vehement claim by podcaster and Ten31 managing partner Marty Bent that it has.
Bent reported on March 11 that the exchange was quietly telling lawmakers that a de minimis tax exemption for BTC payments was unnecessary.
According to Bent and his “multiple” Capitol Hill sources, Coinbase lobbyists allegedly told legislators “no one is using BTC as money” and that such a tax change would be “dead on arrival.”
He also claimed that the company only wanted the exemption to apply to specifically regulated, dollar-pegged tokens like the Coinbase-supported USDC.
Coinbase Chief Policy Officer Faryar Shirzad denied the allegation flatly. “This is a total lie, Marty Bent. We have never and will never lobby against Bitcoin. Ever.”
Kara Calvert, Coinbase’s VP of US policy, called the claim “categorically false.” She said Coinbase has advocated for a de minimis exemption covering “all digital assets,” including BTC, since 2017.
Coinbase Chief Legal Officer Paul Grewal also called the allegation a lie while Nic Carter dismissed Bent’s allegation out of hand.
Jack Dorsey quote-tweeted Shirzad’s claim that Coinbase had “never and will never lobby against Bitcoin” and asked for a confirmation from Coinbase’s CEO Brian Armstrong. “Hope this is true for de minimis as well. @brian_armstrong?”
Armstrong confirmed.
Disagreeing, Conner Brown, head of strategy at the Bitcoin Policy Institute, partially reiterated Bent’s concern.
Without naming Coinbase directly, “I can confirm that over the past three months, there’s been a strong shift on the Hill to limiting the de minimis exemption to stablecoins only,” Brown wrote.
Pierre Rochard also thinks Coinbase isn’t telling the whole truth. “Bitcoin should be tax exempt. It’s really sad to see Brian Armstrong lobbying against that,” he wrote.
Even when Grewal called him out for defamation, Rochard stuck to his story, “Wait until you see the bill.”
Read more: Crypto leaked by South Korean tax officials stolen a second time
A wrinkle in Coinbase’s tax denial
Coinbase has certainly been clear that its stance is that it’s never advocated against a bitcoin de minimis tax exemption. However, Coinbase’s stablecoin business, and a confusing post by Calvert, slightly complicates its denial.
Recall that Coinbase earned $1.3 billion in stablecoin revenue in 2025, mostly from interest on the US Treasuries backing USDC. A de minimis exemption covering BTC only would allow people spend one non-USDC digital asset tax-free for everyday purchases, thereby making BTC a somewhat direct competitor to USDC.
Nonetheless, Coinbase’s Calvert says that Coinbase has been advocating for a crypto-wide, all-asset exemption for years.
She also claimed that “Stablecoins don’t realize gains or losses” because “they are stable,” which is certainly not always true, but is her bizarre claim nonetheless.
If stablecoins were indeed “stable” and guaranteed to hold their $1 peg, (ignoring the fact that USDC has traded in the $0.80s many times), it would be absurd for Coinbase to advocate for a stablecoin-only tax exemption for USDC stablecoins which, in Calvert’s view, “don’t realize gains or losses” anyway.
In truth, USDC has traded in a wide range from at least $0.87 to $1.09 on Kraken, including hundreds of millions of dollars in settled transactions below $0.98.
Even lower and higher USDC prices have settled on other trading venues.
Coinbase wants to win on Capitol Hill
Bent’s original post accuses one of the world’s largest and longest-running BTC exchanges of trying to “nuke” any hopes for a BTC minimis tax exemption.
He described, citing three unnamed “sources,” Coinbase pushing for an exemption on stablecoins only.
Even though Coinbase has clearly denied the allegation, the exemption under discussion, backed by Senator Cynthia Lummis, would set a $300 tax threshold per transaction with a $5,000 annual cap. It would thereby eliminate capital gains taxes on small crypto payments.
Whether the exemption will ever be enacted into IRS code, and to which digital assets it would ever apply, is the active subject of Capitol Hill debate.
Under current law, the IRS treats all digital assets as property, so every sale, including the de facto sale of crypto while purchasing a good or service, triggers a tax reporting obligation.
Read more: Coinbase boosts lobbying efforts with massive political donations
Coinbase contributed roughly $69 million to the Fairshake super PAC during the 2024 cycle, more than any other donor. Another tracker shows Coinbase political contributions exceeding $59 million.
When Coinbase lobbies, Washington DC listens.
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Bitcoin price is consolidating beneath major resistance near $72,400 as volatility compresses and momentum weakens.
Summary
- Key Resistance: $72,400 aligns with the value area high and 0.618 Fibonacci level.
- Low Volatility: The current rally shows weak volume and limited momentum.
- Support Target: $65,000 acts as the next major support within the range.
Bitcoin’s (BTC) price action has entered a period of low volatility as the market consolidates beneath a major resistance cluster near the upper boundary of its current trading range. After previously rejecting the $72,400 range high, the asset has rallied back toward the value area high but is now struggling to build sufficient momentum to push higher.
With trading volume declining during the current move, the probability of a rejection and a move toward lower support levels is beginning to increase.
Bitcoin price key technical points
- Major Resistance: $72,400 range high aligns with the 0.618 Fibonacci and value area high.
- Low-Volume Rally: Weak momentum suggests the current move lacks strong buyer participation.
- Downside Target: Potential rotation toward $65,000 support.
Bitcoin’s current price structure is centered around the value area high, a key technical level derived from the volume profile that often acts as a pivot for price direction. This region also aligns closely with the 0.618 Fibonacci retracement and the broader range resistance located near $72,400. When multiple technical indicators converge at the same level, the zone often becomes a strong barrier for price continuation.
Previously, Bitcoin attempted to break above this range high but formed a deviation above the level before quickly moving back into the range. Such deviations typically signal weakening momentum, as they indicate that buyers were unable to sustain price above resistance. The rejection from that level established $72,400 as a clear ceiling within the current trading structure.
Since that rejection, Bitcoin has gradually moved back toward the upper boundary of the range, but the recovery has occurred under noticeably lower trading volume. In technical analysis, volume often acts as a confirmation signal for price movement. Strong breakouts usually require expanding volume to demonstrate strong participation from market participants.
When price approaches major resistance levels on declining volume, it frequently suggests that the move lacks conviction. This type of environment often precedes a rejection or a continuation of the broader range structure rather than a sustained breakout.
As a result, the current low-volatility consolidation may simply represent a pause before the market expands toward the next liquidity zone. In range-bound markets, price tends to oscillate between the value area high and value area low as traders search for liquidity and rebalance positions.
Recent analysis from CryptoQuant also suggests Bitcoin may be approaching a supply shock, as retail investors continue selling while long-term holders keep their coins dormant, a dynamic that could tighten available supply once volatility returns.
If Bitcoin rejects from the current resistance cluster, the next major support sits near $65,000. This level represents an internal support zone within the broader trading range and aligns closely with the value area low. Because of this confluence, it becomes a natural liquidity target for price if selling pressure begins to increase.
A rotation toward $65,000 would maintain the broader range structure that has defined Bitcoin’s price action between approximately $60,600 and $72,400. Such movements are common during consolidation phases, where price repeatedly tests both sides of the range before a decisive breakout eventually occurs.
However, the loss of the $65,000 support level could significantly increase downside risk. If price breaks below this internal support, the probability of a sharper decline toward the lower boundary of the range around $60,600 would increase. This region represents the next major liquidity pool that has not yet been fully tapped during the current trading cycle.
From a market structure perspective, this means that Bitcoin is currently positioned at a technically sensitive point. Consolidation beneath resistance often leads to volatility expansion, and the direction of that expansion is typically determined by which key level fails first.
What to expect in the coming price action
As long as Bitcoin remains below the $72,400 resistance zone, the probability favors a rotational move toward the $65,000 support region. A break below this level could open the door to deeper downside toward the $60,600 range low, while a strong breakout above resistance with increasing volume would invalidate the bearish outlook.
Cryptio, a Paris-based platform focused on regulated digital-asset accounting and data reconciliation, has closed a $45 million Series B round, underscoring a widening appetite among institutions for tools that translate blockchain activity into familiar accounting records. The financing was led by BlackFin Capital Partners and Sentinel Global, with participation from 1kx, BlueYard Capital, Alven and Ledger Cathay Capital among others. Cryptio positions itself as the connective tissue between on-chain activity and traditional financial reporting, audits and compliance workflows, offering software that reconciles activity across wallets, custodians and exchanges into conventional ledgers. In a period of accelerating tokenization and new asset classes, such infrastructure can be decisive for banks, asset managers and fintechs seeking to scale securely.
Key takeaways
- Cryptio raised $45 million in a Series B led by BlackFin Capital Partners and Sentinel Global, with participation from 1kx, BlueYard Capital, Alven and Ledger Cathay Capital.
- The platform reconcilies blockchain activity from wallets, custodians and exchanges and translates it into accounting records used for financial reporting, audits and compliance.
- Cryptio counts more than 400 enterprise clients and has processed over $3 trillion in transaction volume, including names such as Circle, Gemini, Securitize, and SG-Forge.
- Institutional interest in tokenization is driving demand for institutional-grade infrastructure that supports regulated markets and auditable reporting.
- The broader market for tokenized real-world assets is expanding, with estimates surpassing $26 billion in value and ongoing growth in tokenized money market funds.
Sentiment: Bullish
Price impact: Positive. The funding round signals continued willingness among traditional investors to back specialized infrastructure for on-chain assets, potentially unlocking further capital flows into tokenized finance.
Trading idea (Not Financial Advice): Buy. The round underscores a structural shift toward institutional-grade tooling for crypto-enabled assets, a trend likely to widen as tokenization activities mature.
Market context: The funding aligns with a broader push by traditional finance into tokenization and regulated crypto markets, where firms seek auditable systems that bridge on-chain data with conventional financial controls. As major banks and asset managers back tokenization networks and tools, the ecosystem is increasingly anchored by infrastructure providers that can scale governance, compliance and reporting alongside new asset classes.
Why it matters
The rise of tokenized assets has moved beyond a niche experiment to a form of finance that interacts with mainstream accounting and regulatory regimes. Cryptio’s value proposition centers on turning the frictions of reconciling on-chain activity into familiar, auditable records. By translating blockchain events into balanced ledgers, the platform enables clients to produce reliable financial statements, support audits and meet regulatory requirements without manual, error-prone reconciliation processes. The company’s current client roster reads like a who’s who of crypto-native and traditional finance players—Circle, Gemini, Securitize and SG-Forge—demonstrating demand across a spectrum of use cases from custody to token issuance and asset servicing.
The momentum around tokenized finance is only growing. Tokenization networks and governance bodies have gained traction as banks and asset managers explore how to extend traditional market activities to blockchain rails. The Canton Foundation, a consortium-backed initiative focused on regulated markets, has drawn backing from HSBC, BNP Paribas and Goldman Sachs, highlighting how large incumbents view tokenized infrastructure as essential to risk controls and governance. In parallel, State Street’s January rollout of a crypto tokenization tool illustrates a tangible move by a major custodian to enable clients to create tokenized money-market funds, exchange-traded funds and tokenized deposits—an evolution that expands the practical use cases for tokenized assets while increasing the demand for reliable accounting tooling.
Industry data suggest a meaningful market for tokenized real-world assets, excluding stablecoins, with estimates topping $26 billion in value. Much of this demand is driven by private-credit and U.S. Treasurys-backed funds, with tokenized money-market funds emerging as a fast-growing subsegment. In this context, the need for robust reconciliation, data integrity and reporting frameworks becomes more acute. As tokenized securities and asset-backed arrangements proliferate, institutions require platforms that can maintain transparency, support regulatory reporting and provide an auditable trail for external audits and internal risk management.
Executives from investment and technology houses stress that digital assets are being embedded into regulated markets, calling for infrastructure that meets institutional standards. Sidra Pervez, senior vice president at tokenization specialist Securitize, has emphasized that maintaining accurate financial records across capital markets will become increasingly important as traditional finance expands into tokenized securities. Equally, Loic Fonteneau, managing director at BlackFin Capital Partners, notes that the integration of digital assets into regulated markets will demand what he calls “institutional-grade infrastructure” to support accounting, reporting and lending tied to tokenized assets. The confluence of these viewpoints reflects a sector-wide shift toward interoperability between on-chain activity and conventional governance, risk and compliance practices.
What to watch next
- Cryptio’s client expansion and adoption across regulated markets, including new deployments with existing enterprise customers.
- Updates from the Canton Foundation and Canton Network governance as more financial institutions participate in regulated tokenization ecosystems.
- State Street’s tokenization platform rollout and its uptake by clients seeking tokenized money-market funds and deposits.
- Data on tokenized asset volumes from market trackers such as RWA.xyz to gauge growth trajectories in real-world asset tokenization.
- Regulatory developments affecting tokenized securities and reporting standards that could affect the demand for reconciliation and accounting infrastructure.
Sources & verification
- Cryptio’s Series B announcement and investor roster (BlackFin Capital Partners, Sentinel Global, 1kx, BlueYard, Alven, Ledger Cathay Capital).
- Commentary from Sidra Pervez of Securitize on the importance of accurate cross-market financial records.
- Remarks by Loic Fonteneau of BlackFin Capital Partners on the institutional embedding of digital assets in regulated markets.
- Backers of the Canton Foundation (HSBC, BNP Paribas, Goldman Sachs) and coverage of the Canton Network for regulated financial markets.
- State Street’s January tokenization platform rollout for tokenized money-market funds, ETFs and deposits.
- Market data from RWA.xyz indicating the value and growth of tokenized real-world assets outside of stablecoins.
Institutional momentum reshapes crypto accounting infrastructure
Cryptio’s Series B signals more than capital inflows; it reflects a broader validation of the infrastructure needed to manage regulated digital assets at scale. By translating on-chain events into conventional accounting entries, the company aims to reduce the friction that has long separated crypto activity from traditional financial reporting. The platform’s ability to reconcile across multiple on-chain and off-chain venues addresses a core pain point for enterprises navigating complex custody arrangements, multiple exchanges and disparate governance frameworks. With more than 400 enterprise clients and trillions of dollars in on-chain transaction volume processed, Cryptio is positioning itself at the center of a growing ecosystem where tokenization, compliance and reporting converge.
The alignment between traditional finance and crypto-native activity is not incidental. It is being reinforced by major financial institutions’ participation in tokenization initiatives and the rollouts of institutional-grade tools to handle tokenized assets. The convergence is creating a demand curve for robust accounting and reporting layers that can withstand regulatory scrutiny while enabling the efficiency gains promised by blockchain-based finance. In this context, Cryptio’s growth—alongside other players like Lukka, TaxBit, Bitwave and CoinLedger—points to a developing market for specialized software that makes crypto activity auditable, transparent and comparable to conventional financial data.
As tokenization becomes a more common mechanism for issuing and servicing assets, the need for accuracy, traceability and interoperability grows. For investors and builders, the trajectory suggests new opportunities in data platforms, interoperability standards and governance-enabled finance that can unlock institutional participation in digital assets while preserving the safeguards and controls valued in regulated markets.
On December 3, the Ethereum network executed the Fusaka upgrade which had one focus: “scaling without compromise.”
Gas fees, once a major impediment to Ethereum’s usability for all but those with the deepest of pockets, plummeted sharply, with transfers and swaps costing just a few cents per transaction.
Cheap transactions don’t just benefit regular users, however.
Indeed, the increased affordability of long-running address poisoning campaigns has seen losses, as well as activity, skyrocket since Fusaka.
Protos spoke to Andrey Sergeenkov, an independent researcher analysing address poisoning on Ethereum, who believes that “the wallets aren’t ready, and the protocol keeps scaling anyway.”
Cheap gas, a boon for users and scammers alike
In an article published last month, Sergeenkov identified a six-fold reduction in gas costs resulting in an almost identical increase in the volume of address poisoning, from an average of 30,000 to 167,000 per day (5.6x).
The surge in transactions has, unsurprisingly, been accompanied by increased losses.
Sergeenkov tracked dust transactions of 101 tokens and identified “confirmed payoffs” over 73-day windows before and after Fusaka.
The value of funds stolen increased from $4.9 million pre-Fukasa to $63.3 million in the period after the upgrade.
He also observed a “2.6-fold increase in [the number of] successful payoff events.”
Even subtracting the largest post-Fusaka loss, a $50 million outlier just before Christmas, the total is “still $13.3M, a 2.7-fold increase over the pre-Fusaka rate.”
Sergeenkov told Protos that, since the end of the dataset used in his most recent article, there have been a number of significant losses. The top three of these were a $600,000 loss on February 17, a $157,000 loss the following day, a $30,000 loss on February 28.
In all, he identified almost $900,000 in losses from 91 victims between those discussed in his article and his response to Protos on March 9.
Adjusting for the recent losses, and ignoring the outlier, brings the average amount stolen per day to 2.1x that of the pre-Fusaka rate.
“The attack volume hasn’t slowed either,” he says, and is still picking up “200,000–350,000 poisoning transactions per day.”
While the individual transactions themselves may be cheap, the potential rewards justify splashing large sums on casting as wide a net as possible.
Read more: Copy, Paste, Rekt: Ethereum address poisoning strikes again
‘Scaling without compromise’
Ethereum’s efforts to reduce gas costs have been overwhelmingly successful.
First, demand was pushed onto cheaper, faster Layer Two (L2) networks, lowering activity on mainnet.
Though the advances in scaling (which don’t look to be slowing down) mean, in the words of Vitalik Buterin, that the “original vision of L2s and their role in Ethereum no longer makes sense.”
Later, the introductions of blobs (which did away with the ETH’s deflationary, “ultra sound” narrative) and the Fusaka upgrade, have seen the cost of gas mimic the chart of a classic DeFi slow-rug project.
Read more: Your L2 transaction fees are higher because of MEV spam, report
Sergeenkov notes that, despite a known link between low fees and attack volume, the upgrade “went ahead anyway.”
He says the “Ethereum Foundation has not proposed or implemented any protocol-level countermeasure” and Buterin “places user protection entirely at the wallet and UX layer.”
However, Sergeenkov points to research which claims that, of 53 wallets studied, only three “throw an explicit warning message” to users before transferring to address poisoning addresses.
According to Namefi CEO, Z. Victor Zhou, one potential solution is using leading zeros, making lookalike addresses much more costly and time-consuming for attackers to generate.
“One minute of your laptop’s GPU time creates an address that would cost an attacker 32 years to fake,” he claims. “The asymmetry is staggering.”
Emergent threats
Address poisoning isn’t the only attack vector which benefits from low gas costs.
Security researcher Daniel Von Fange notes that cheap gas makes for complex attack transactions which render “only the tiniest smidge of money” profitable.
“Spectacularly wasteful” MEV activity was seen to offset scaling improvements on L2 networks, negating any gas savings for regular users while looking to profit off their activity.
Other malicious behaviours can also be borne out of well-meaning upgrades.
“The system produces new attack vectors structurally, with each change to the protocol,” Sergeenkov says.
One example is EIP-7702, which brought wallet delegation capability. Wintermute research later found that 80% of addresses using the code were linked to malicious activity.
Does Sergeenkov have an antidote?
In terms of staying safe, Sergeenkov says “never copy addresses from your transaction history or a block explorer.” He also advises against making transfers if suffering from “lack of sleep, illness or anything else.”
But he has little faith that advice or educating users will be able to keep up with such “numerous and easily adaptable” attack vectors.
“What’s needed is a fundamentally different environment where users don’t have to learn how to avoid losing all their money from a single mistake. Where the risk-reward of an attack rules it out by itself.”
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A federal court in Alabama has granted a motion to dismiss a 2024 complaint filed against Binance, its separate US entity Binance.US and former Binance CEO Changpeng “CZ” Zhao over allegations that the cryptocurrency exchange facilitated transferring funds to terrorist groups.
In a Wednesday order, US District Court for the Middle District of Alabama Magistrate Judge Chad Bryan granted a motion filed by Zhao requesting that significant portions of the complaint be dismissed. The complaint, filed in February 2024, alleged that the three defendants “violated, and may be continuing to violate, the Anti-Terrorism Act” by facilitating the transfer of funds to Hamas.
While Bryan granted the motion to dismiss, he also ordered that the group of plaintiffs submit a second amended complaint no later than April 10 or potentially face “the prospect of a total or partial dismissal.”
“The underlying harm here is serious; the allegation that the defendants are implicated is serious; the potential liability the plaintiffs seek to impose is serious; and the weight upon the court is serious,” said Bryan. “The operative pleading thus must demonstrate a commensurate level of seriousness before the action will be permitted to proceed.”
In a Thursday statement following the ruling, Binance said it represented “full and complete legal victory.”
A judge in the US District Court for the Southern District of New York last week granted a dismissal for “lack of personal jurisdiction” in a similar case against the company. However, US District Judge Jeannette Vargas acknowledged that another court in the district had ruled that allegations of “widespread, intentional circumvention of anti-terror financing regulations” from Binance had been sufficient to survive a motion to dismiss in a different case.
“Sanctions compliance and terrorism financing are serious matters of law – they require evidence, legal rigour, and due process,” said Binance general counsel Eleanor Hughes. “Courts have now examined these claims on two separate occasions and found them to be without merit.”
Related: Binance says US Senate Iran probe is based on ‘defamatory’ reports
“While the Court has stayed discovery, this case is not closed,” said Judge Vargas in a Wednesday order regarding Binance’s New York case. “Moreover, this Court retains the inherent authority to determine if counsel and the parties are abiding by their preservation obligations.”
Binance under media, congressional scrutiny over Iran
Amid the US-Israel conflict with Iran, many media outlets reported that Binance fired employees who reported the company had facilitated more than $1 billion in crypto transactions to entities connected to the country, leading to a probe by the US Senate.
Binance has largely denied the claims and has filed a defamation lawsuit against the Wall Street Journal over its reporting of a Justice Department probe into Iran’s alleged use of the exchange to avoid sanctions.
Magazine: All 21 million Bitcoin is at risk from quantum computers
Lido, the largest liquid staking protocol on Ethereum, is expanding beyond ether (ETH) with the launch of a new product designed for stablecoin holders.
The project on Thursday introduced a revamped version of its yield product, Lido Earn, which now revolves around two vaults: EarnETH for ether-based assets and EarnUSD for stablecoins. The goal is to make it easier for users to earn returns on crypto without having to choose or manage strategies themselves.
In simple terms, a vault is a pooled investment tool where users deposit crypto and the platform automatically puts those funds to work across different strategies designed to generate yield.
The new EarnUSD vault marks Lido’s first product built specifically for dollar-pegged tokens. It accepts stablecoins USDC and USDT and automatically allocates deposits across a range of decentralized finance (DeFi) opportunities on Ethereum, such as lending markets and other yield-generating strategies. Users receive a token representing their share of the vault, with returns accumulating over time.
The EarnETH vault works similarly but for ether-related assets, including ETH, WETH and Lido’s stETH. Deposits are spread across several DeFi protocols, including Aave, Uniswap and Morpho, with the system shifting funds toward strategies that are performing better.
The stablecoin vault comes as dollar-pegged tokens have become a major part of activity in Ethereum’s DeFi ecosystem. Roughly half of DeFi activity on the network now involves stablecoins, according to a press release shared with CoinDesk.
“Stablecoins are a fundamental part of DeFi, and until now we weren’t serving those users,” said Marin Tvrdić of the Lido Ecosystem Foundation, in the press release.
Read more: Lido Launches GG Vault for One-Click Access to DeFi Yields
With the restaking sector in a slump, the protocol is betting that institutional distribution can reignite growth.
Ethereum restaking protocol Puffer Finance has partnered with Anchorage Digital to provide institutional clients with access to pufETH, Puffer’s liquid restaking token, via Anchorage’s regulated custody platform.
The integration allows institutions to gain exposure to Ethereum staking and restaking yields while operating within compliant custody and security frameworks. For institutional players that have historically been cautious about engaging directly with DeFi protocols, the partnership offers a more familiar on-ramp into Ethereum-native yield products.
Puffer differentiates its restaking model by distributing validation across a decentralized set of operators rather than relying on a handful of large validator providers, which the protocol says reduces concentration risk. The protocol also touts slashing penalty protection and a buffer designed to absorb losses before they reach pufETH holders, a feature aimed at satisfying institutional risk models that demand clearly defined downside scenarios.
The collaboration comes at a difficult time for liquid restaking protocols. Apart from etherfi and Kelp, most liquid restaking protocols have struggled to retain users. As points-based incentive programs ended, capital rotated out and consolidated into the most established venues.
Puffer launched in February 2024, attracting nearly $200 million in total value locked (TVL) on its first day as the liquid restaking sector boomed on EigenLayer hype. By October 2024, Puffer’s TVL had grown to over 500,000 ETH, worth more than $1.3 billion at the time.
Today, Puffer’s core protocol TVL sits at just $62 million, according to DeFiLlama. The drawdown mirrors a broader trend across the liquid restaking sector following the initial airdrop-fueled frenzy.
The PUFFER token tells a similar story. The token hit an all-time high near $1.00 in December 2024 but has since cratered, hitting an all-time low of $0.025 just last week, according to Coingecko.
The Anchorage deal signals that Puffer is increasingly focused on the institutional market as a path to sustainable growth, a pivot away from the retail-driven points campaigns that initially powered its TVL.
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