Crypto World
BTC nears one-month high of $74,000
Bitcoin is adding to overnight gains in early U.S. trading on Friday, continuing to show strong relative price action after many months of underperformance to assets like stocks and precious metals.
Trading at $73,500, bitcoin is higher by nearly 5% over the past 24 hours, with most of those gains coming after U.S. Treasury Secretary Scott Bessent on Thursday evening said the Trump administration is taking concrete steps to try and cap surging oil prices.
Bitcoin is now higher by about 11% since the Iran war broke out, outperforming broad U.S. stock indices and gold, both of which have lost ground since the bombs began dropping about two weeks ago.
WTI oil on Friday is trading at $94.50 per barrel, down from a high of nearly $98 on Thursday. U.S. stocks are posting gains of about 0.5%.
Oil raises stagflationary risk
The recent spike in oil prices is putting direct pressure on household budgets and, if sustained, could weaken consumer spending and slow economic growth, according to Olu Sonola, head of US economics at Fitch Ratings.
“Yes, the broader economy is still expected to grow at trend, but that forecast increasingly looks fragile as downside risks accumulate. … The Fed can shrug off pockets of weakening growth, but resurgent inflation severely limits its room to maneuver, leaving policy potentially stranded for months,” he wrote in a note.
Relief bounce
After a period of some of the worst sentiment in bitcoin’s history, it’s perhaps not too surprising that there’s been some modest gains of late.
Funding positioning of perpetual futures traders has been negative for the longest period since late 2022, K33 Research analyst Vetle Lunde noted. This means traders who are shorting bitcoin are paying longs to keep their trades open, resulting in a negative funding rate. Late 2022, of course, coincided with the aftermath of the FTX crash when BTC traded around $16,000 versus $69,000 one year earlier.
The 30-day average funding rate has now been negative for 14 consecutive days, the longest since December 2022, Lunde pointed out. These negative streaks coincided with local price bottoms over the past seven years, he added.
In the meantime, bitcoin open interest in perpetual and dated futures has risen 9% over the past 24 hours to around 700,000 BTC, the highest level since Feb. 6. Add it all up, and that creates the conditions for a short squeeze.
Friday gain
The day isn’t over yet, but this would be the first Friday gain since the Middle East conflict began on Feb. 27. That might suggest a less volatile weekend for crypto, which has gotten in the habit of declining on Saturdays and Sundays in recent weeks.
March is also shaping up to be a turning point for bitcoin. The asset is up about 8% so far this month. Again, it’s early, but a March advance would break BTC’s five-month losing streak.
Dividend-paying companies are rapidly closing the earnings growth gap with technology stocks and contributing more earnings momentum to the S&P 500. After a significant increase over the past year on this key earnings metric, the trend suggests that dividend stocks may present an even stronger case to investors seeking income and safety in a volatile market.
The earnings momentum broadening out beyond the tech sector comes at a time when investors are seeking ways to limit risk amid the second military conflict in the Middle East in under a year and a shock to the oil markets that is unprecedented.
In Q1 2025, the S&P 500 Dividend Aristocrats Index posted earnings growth of negative 5.5%. By Q4 of last year, that earnings growth rate had rebounded to positive 9%. At the same time, the Nasdaq 100 Index saw earnings growth decline from over 35% in Q2 2025 to under 15% in Q4.
Simeon Hyman, global investment strategist at ProShares, said during this week’s CNBC’s “ETF Edge” podcast that the rotation that began away from the Mag 7 tech stocks well before the war merits a deeper look from investors at a time of market uncertainty.
“We think one of best ways to take advantage of it is through quality stocks, companies growing their dividends for 25 consecutive years at minimum and that have been out of favor,” he said.
While the reversal began before the outbreak of war, Hyman said high quality, lower volatility stocks may be “kind of good to have during a conflict.”
“It’s not only the price [of the stocks] turning around but the fundamentals turning around,” he said. “Go back four quarters and all the earnings growth was coming from the tech sector and Nasdaq 100. Those dividends growers year-over-year, earnings were shrinking a little bit. But now the gap has closed and may shortly go the other way. We’re almost now to parity,” he said, referring to Bloomberg data cited by ProShares in a recent blog post on the topic.
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is one of the many exchange-traded funds that offers exposure to large-cap U.S. stocks that pay healthy dividends. Its top three holdings are Chevron, Exxon Mobil and Target.
Performance of S&P 500 Dividend Aristocrats Index over the past year.
ETF experts agree that the outlook for dividend stocks has improved across the market.
“Growth characteristics of companies in the financial sector, the health care sector, the industrial sector … those are where you often find dividend growth. They continue to experience more and more growth,” Todd Rosenbluth, head of research at VettaFi, told CNBC.
A long history of dividend increases reflects consistent cash flow and disciplined management, however, it has not traditionally matched the rapid profit expansion seen in the technology sector. But strong operating performance and improving margins have helped boost profits for many dividend-payers from other sectors. And as earning rise, these companies continue to increase dividends while strengthening their balance sheets. At the same time, expectations for technology stocks remain extremely high after several years of strong gains, and as tech firms are spending huge sums on AI buildouts which is stressing their balance sheets and cash flow. Dividend-paying companies outside of tech often trade at more moderate valuations, and as their earnings growth improves, investors may increasingly view them as offering both stability and expansion.
Of course, if the U.S.-Iran war — and factors such as oil prices persistently above $100 and a Strait of Hormuz closure that is prolonged — pushes up prices across a supply-depleted economy and sends the global economy into a recession, there is no sure thing for stock investors. Dividend stocks and the ProShares NOBL ETF have been caught up in the recent stock market negative sentiment, down 5% in the past month but still up close to 8% over the past year.
Hyman said in his view this is “certainly not a time to capitulate, but maybe a time to tweak around the edges,” and focus more on quality stories. “We love our dividend growers,” he said.
He noted that after the two prior Gulf wars which were prolonged conflicts, stocks were higher in the six to 12-month periods after initial pullbacks, and up by as much as 25-30%. “The history is pretty darn clear … markets do rebound,” he said.
The history is also clear, Hyman said, on dividend stock outperformance having “some durability to it.” And right now, these stocks are pulling even more weight in the market. “In addition to the durable outperformance opportunity from the dividend growers, the other thing that is very important is that it has kept overall S&P 500 fundamentals stable” Hyman said. “They are now filling the gap,” he said, as mega cap tech earnings growth slides, “and that suggests a little bit of a soft landing,” he added.
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XRP remains in a fragile position, with both the USDT and BTC pairs still trading within broader bearish structures. Although the price is attempting to stabilize near key support zones, buyers have yet to reclaim the major moving averages or break the descending trendlines that continue to define the downtrend.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT chart, the asset is still moving inside a falling channel and remains below both the 100-day and 200-day moving averages, which keeps the broader outlook tilted to the downside. XRP is now trading around $1.43, holding above the $1.10 to $1.20 support zone, while the first meaningful resistance sits at the $1.80 mark.
If buyers manage to push above that area, the next major hurdle comes in around $2.40 to $2.50. For now, though, the structure remains weak, and the recent RSI recovery only points to mild momentum improvement rather than a confirmed trend reversal.
The BTC Pair
Against Bitcoin, XRP continues to underperform and again, remains pinned below both the 100-day and 200-day moving averages. The pair is trading near 1,968 sats and is once again testing the key 1,950 to 2,000 sats support area, which has acted as an important floor in recent months.
As long as that support holds, a short-term bounce remains possible, but any recovery still needs to clear the 2,500 sats resistance zone to shift momentum more decisively. If the current support breaks, the next downside target would likely be the 1,500 sats region, while a stronger reclaim of overhead resistance could open the way toward the key 2,700 sats resistance level.
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Circle’s (CRCL) USDC has overtaken Tether’s USDT in transaction volumes for the first time since 2019, prompting Japanese investment bank Mizuho to raise its price target for the stablecoin issuer to $120 from $100, while reiterating its neutral rating on the stock.
The shares rose 1% in early trading to $115.40 and are up roughly 95% from their February lows.
Analysts Dan Dolev and Alexander Jenkins increased their Circle estimates, citing “USDC activity trends and use cases like Polymarket or agentic commerce expectations.”
Stablecoins, digital tokens backed by reserves such as fiat currency or gold, serve as key payment and settlement rails in the crypto economy, particularly for trading and cross-border transfers. The sector is dominated by Tether’s USDT with a $143 billion market cap, followed by Circle’s USDC at $78 billion.
According to their Friday report, USDC has recorded about $2.2 trillion in adjusted transaction volume so far in 2026, compared with $1.3 trillion for USDT. That gives USDC roughly 64% share of adjusted volumes, a sharp reversal from 2019–2025 when Tether consistently led, and USDC averaged about a 30% share.
The analysts said the shift matters because the long-term winner among stablecoins will likely be determined by real economic usage rather than market capitalization alone. Standard Chartered expects the stablecoin market cap to reach $2 trillion by the end of 2028.
Reflecting stronger USDC activity and expanding use cases, the Mizuho analysts raised several long-term Circle forecasts. They now expect “meaningful wallets” to reach 11.7 million by 2027, up from a prior estimate of 10 million, helping lift projected USDC market capitalization to $139 billion from $123 billion.
Circle has outperformed other crypto-linked equities recently.
William Blair analysts said in a Thursday note that while recent gains could easily be linked to rising oil prices and a potentially more hawkish Federal Reserve, other factors are likely driving the move.
They pointed instead to the resilience of USDC’s market capitalization despite the broader crypto downturn, along with increasing investor recognition of Circle’s economic model and its leadership in stablecoin infrastructure.
Other analysts pointed to a positioning-driven short squeeze rather than fundamentals as the driver of the recent move higher in the shares.
While the company delivered strong growth in USDC supply, the stock’s outsized reaction post earnings was driven more by crowded short bets heading into the print than by strong financials, according to Markus Thielen, founder of 10x Research.
Read more: Circle’s outperformance highlights USDC’s staying power, says bullish Wall Street analyst
The Ethereum Foundation (EF) released a sweeping new document outlining its philosophy, priorities and long-term role in stewarding the world’s second-largest blockchain network.
The 38-page “EF Mandate,” published Friday, frames the blockchain, whose ether (ETH) token is beaten only by bitcoin in market capitalization, as a technology designed to protect individual freedom in an increasingly centralized digital world and lays out the principles the nonprofit says must guide its development.
The document comes at a time of transition for the organization, following recent shifts in Ethereum’s technical roadmap and the resignation earlier this year of one of the foundation’s co-executive directors.
“The Ethereum Foundation is the original steward of the Ethereum project,” the document says. “The Foundation is not the parent, owner, or ruler of Ethereum. We are not ‘the system’ itself.”
At the center of the mandate is the concept of self-sovereignty, which the foundation describes as Ethereum’s core purpose.
“The first aim is to ensure Ethereum becomes and stays a decentralized and resilient tool for self-sovereignty,” the manifesto states. “Our first fundamental principle is that a user has the final say over their identities, assets, actions, and agents.”
To preserve that goal, the foundation says four properties must remain central to Ethereum’s development: censorship resistance, open source and free (as in freedom), privacy, and security, collectively known as CROPS.
“We hold that these properties – CROPS – must remain, as an indivisible whole, the sine qua non of all Ethereum’s development priorities, which cannot be displaced,” the mandate says.
The foundation also said it will measure its own long-term success by how unnecessary it becomes. For the time being, it will focus on work that no other ecosystem participants are likely to undertake, including long-term protocol research, public-goods security work and coordination across development teams.
Once the broader ecosystem can take over those functions, it plans to step back.
“Our goal is to reduce the Foundation’s relative influence over time,” the team wrote. “Subtraction is rather a process of ensuring Ethereum’s maturity: a trajectory of growth with decentralization, robust enough to outgrow and outlast us.”
More broadly, the document situates the blockchain within an ecosystem of open technologies that support free and decentralized systems. The EF describes Ethereum as part of an “infinite garden,” an expanding network of builders, communities and institutions working to keep digital infrastructure open and resilient.
“The World Computer is decentralized infrastructure for permissionless compute, communication, and association,” the mandate states.
The manifesto concludes by reiterating the foundation’s long-term goal: protecting Ethereum’s promise as an open system that enables individuals and communities to coordinate without relying on centralized authorities.
“Our work is not about capturing markets, corporates, or states, nor about helping them extract or capture,” the document says. “We are here to uncapture the individual, and to entrench their freedoms of association.”
Read more: Ethereum Foundation leadership shake-up: Tomasz Stańczak out as co-executive director
Crypto exchange KuCoin has launched equity-linked perpetual derivatives tied to stocks, including Tesla and Strategy, allowing traders to speculate on their price movements through USDt-settled contracts that trade around the clock.
According to Friday’s announcement, the first listings include TSLAUSDT and MSTRUSDT perpetual contracts, which track price movements in the underlying equities but do not grant ownership of the shares. Instead, the products are synthetic derivatives settled in stablecoins.
The contracts have no expiration date and can be traded continuously. Positions can be opened with as little as 1 USDt (USDT), lowering the entry threshold for traders seeking exposure to equity-linked price movements through a crypto trading platform.
According to KuCoin, the product uses a pricing framework designed to track underlying equity benchmarks while accounting for differences between traditional stock market hours and the continuous trading environment of crypto derivatives markets.
Access to the contracts may be restricted in some jurisdictions depending on local regulations, the company said.
Founded in 2017, KuCoin says its platform serves more than 40 million users across more than 200 countries and lists over 1,000 digital tokens for trading. The exchange ranks eighth by spot trading volume, according to CoinMarketCap data.
MicroStrategy, which rebranded to Strategy in February 2025, is currently the largest corporate Bitcoin holder, with 738,731 BTC on its balance sheet. Tesla ranks as the 12th-largest public holder, with 11,509 BTC.
Related: SEC’s ‘Crypto Mom’ calls for simpler disclosure rules, flags tokenization debate
Fintechs and exchanges move to tokenize stocks
The market for tokenized equities has surged since the beginning of 2025. Tokenized stocks now have a total market value of about $1.03 billion, according to RWA.xyz data, up from around $291 million on Jan. 1, 2025.
Growth in the sector is being driven by fintech companies, crypto exchanges, and traditional brokerages alike.
In October, Robinhood expanded its tokenization initiative on the Arbitrum blockchain, adding 80 new stock tokens and bringing the total number of tokenized assets on the platform to nearly 500.
In June, more than 60 tokenized stocks became available on Kraken and Bybit following the launch of Backed Finance’s xStocks product. Last month, Kraken launched tokenized equity perpetual futures on its regulated derivatives platform, allowing eligible non-US clients to trade 24/7 leveraged exposure to major US stock indexes, gold and companies including Tesla, Nvidia, and Apple.
Traditional exchanges are also exploring the concept. In January, the New York Stock Exchange announced it is developing a platform for trading tokenized stocks and exchange-traded funds with 24/7 trading and instant settlement, subject to regulatory approval.
In September, Nasdaq filed with the US Securities and Exchange Commission seeking approval to list tokenized stocks. It has since partnered with Payward, Kraken’s parent company, and its subsidiary, Backed Finance, to develop an equities tokenization gateway. The platform is expected to begin offering services to issuers in the first half of 2027.
Magazine: All 21 million Bitcoin is at risk from quantum computers
The crypto rally ran into a wall on Friday as fresh headlines of potential escalation in the Iran conflict abruptly cooled risk appetite across markets.
Among the developments, the U.S. Central Command confirmed that all six crew members aboard a refueling aircraft that crashed in Iraq on Thursday had died.
Meanwhile, the Wall Street Journal reported that the Pentagon is deploying a Marine expeditionary unit (thought to be 2,500 troops) to the Middle East, including forces attached to the USS Tripoli, as Iran steps up attacks around the Strait of Hormuz.
Bitcoin, after rallying to near $74,000 earlier in the session, reversed sharply to $71,200 following the news, still holding onto 1.9% gain over the past 24 hours. Ethereum’s ether (ETH), Solana’s SOL (SOL) and were 3% higher during the same period, though also retreating from their session highs.
U.S. equities surrendered early gains, with the S&P 500 and Nasdaq flipping to 0.4%-0.5% declines. Gold, which often benefits from geopolitical turmoil, extended its recent pullback by another 1%, Oil, on the other hand, climbed more than $5 per barrel from its lowest levels of the day, now higher by nearly 2% for the session at $97.30.
“Optimism over geopolitical events, including Russian sanction relief, has been a driver” behind the price action, said Paul Howard, director at trading firm Wincent. “These headlines tend to have a short half-life, so [we] would expect this to be short-lived till we see concrete follow-up action.”
Crypto-linked equities continue to be mostly posting gains for the day. Bitcoin miner Marathon Digital (MARA) led the advance with a 10% jump, while Galaxy Digital (GLXY), Ethereum treasury firm Bitmine (BMNR) and AI data-center focused miner Cipher Mining (CIFR) all climbed 5%-7%.
Crypto World
A dormant crypto whale just scooped up $7 million in Trump tokens after a new gala was announced
A crypto wallet that sat dormant for five months woke up Thursday to accumulate more than $7 million worth of TRUMP tokens as the U.S. president-linked memecoin’s official team announced a second gala event for top holders — sending the token surging more than 60% from its all-time low.
Onchain data from Arkham Intelligence shows the wallet began buying the tokens from Binance’s hot wallet starting at 01:49 UTC on March 13, hours after the gala was announced. The wallet accumulated roughly 2.2 million TRUMP across four transactions: an initial single-token test buy, followed by two purchases of about 1 million tokens each, worth a combined $6.23 million, and a further 200,000-token buy worth $742,000.
The TrumpMeme account on X announced a conference and gala luncheon at Mar-a-Lago on April 25. The event is open to the top 297 TRUMP holders by time-weighted average balance between the announcement date of March 12 and April 10.
TRUMP dropped to a record low near $2.71 earlier Thursday before spiking to $4.50, then pulling back to around $3.90 — still a gain of roughly 44% from the trough. The wallet was up approximately $2.47 million on its position at the time of publication, with total holdings valued at $9.44 million, per Arkham data.
The new event echoes the dinner held at Trump National Golf Club in May 2025, which drew criticism from lawmakers and ethics watchdogs over presidential access as a token-holding incentive. A disclaimer on the new event’s website states Donald Trump will appear in a personal capacity with no private meetings.
TRUMP has fallen roughly 96% from its all-time high of around $74, set just before Trump’s inauguration in January 2025.
Crypto World
Stanley Druckenmiller Predicts Stablecoins Will Transform Global Payments Within 15 Years
Key Takeaways
- Legendary investor predicts stablecoins will control global payments within 10-15 years.
- Blockchain technology offers superior speed and cost efficiency for international transfers.
- USDT and USDC lead the market in transaction volume and adoption.
- Financial institutions actively test stablecoins for payments and treasury operations.
- Bitcoin maintains its position as a digital store of value.
The global financial system stands at a potential inflection point as digital payment technology challenges conventional infrastructure. Renowned billionaire investor Stanley Druckenmiller projects that stablecoins will emerge as the dominant force in global payments over the next 10 to 15 years. His forecast underscores growing institutional recognition of blockchain-based payment networks that deliver enhanced speed and reduced transaction costs for international settlements.
Blockchain-Based Payment Systems Attract Institutional Interest
During a conversation with Morgan Stanley released Thursday, Stanley Druckenmiller shared his perspective on the evolution of payment infrastructure. He projected that stablecoin networks could supplant significant segments of existing financial systems. According to Druckenmiller, blockchain architecture delivers superior efficiency while cutting expenses associated with worldwide payment processing.
He characterized the technology as delivering faster execution and lower costs compared to traditional settlement frameworks operated by financial institutions and payment processors. This value proposition has prompted numerous financial organizations to experiment with stablecoin implementations for fund transfers and liquidity operations. The dual benefits of transaction velocity and operational cost reduction continue attracting attention from both institutions and infrastructure providers.
A stablecoin typically preserves stable value through backing assets denominated in conventional currencies like the U.S. dollar. This structure enables stablecoin transactions to eliminate price fluctuation concerns while leveraging blockchain settlement benefits. Financial organizations are therefore examining stablecoin infrastructure for applications including international remittances, e-commerce transactions, and corporate treasury functions.
Market Leaders USDT and USDC Drive Stablecoin Adoption
The worldwide stablecoin landscape currently centers around two primary digital assets. Tether (USDT) alongside USD Coin (USDC) represent the overwhelming majority of stablecoin trading and transfer activity throughout cryptocurrency markets. These instruments enable merchants, corporations, and payment service providers to transmit digital dollar equivalents instantaneously via blockchain infrastructure.
Circle Internet Financial creates and distributes USDC while marketing the token toward financial infrastructure applications. Simultaneously, Tether sustains USDT availability throughout numerous blockchain platforms and trading venues. Both networks facilitate substantial transaction throughput and progressively function as cross-border settlement solutions.
Financial institutions and banking enterprises currently examine stablecoin architectures for prospective incorporation into payment workflows. Analysis from Australian financial institution Macquarie similarly indicates broadening stablecoin infrastructure throughout financial service sectors. Market observers highlight that stablecoin utilization has extended beyond trading activities to encompass payments, transfers, and corporate treasury applications.
Bitcoin Preserves Store-of-Value Status Amid Broader Crypto Criticism
While endorsing stablecoin payment prospects, Druckenmiller reiterated skepticism toward numerous cryptocurrencies. He has maintained for years that multiple digital tokens lack compelling economic applications. From his perspective, many blockchain projects represent solutions seeking real-world problems to address.
He recognized Bitcoin’s enduring status as a value preservation instrument. He observed that the cryptocurrency established powerful brand awareness and sustained adoption throughout market participants. This recognition, he indicated, reinforced bitcoin’s continued relevance within broader financial discourse.
Druckenmiller additionally questioned the sustainability of the U.S. dollar’s position as the preeminent global reserve currency. He has previously cautioned that mounting fiscal challenges could erode the dollar’s international standing over extended timeframes. Though uncertain regarding potential alternatives, he proposed that digital assets or stablecoin frameworks might ultimately reshape global monetary arrangements.
Crypto payments firm MoonPay added Ledger hardware wallet signing to its command-line interface (CLI) wallet for MoonPay Agents, a move the company says addresses a security challenge introduced by autonomous crypto trading tools.
The new feature allows users to verify and sign every transaction generated by an AI agent using a Ledger hardware device, ensuring private keys never leave the hardware signer. MoonPay said the integration makes the CLI wallet the first agent-focused wallet to support Ledger’s secure signing through the company’s Device Management Kit.
Autonomous crypto agents are a growing category of tools designed to execute trading strategies, rebalance portfolios and move assets across chains without constant human input. But security concerns have slowed adoption, because many implementations require users to hand over direct access to wallet keys.
“Autonomous agents will manage trillions in digital assets,” said Ivan Soto-Wright, CEO and founder of MoonPay. “But autonomy without security is reckless. We built MoonPay Agents with Ledger so intelligence can scale without surrendering control. The agent executes. The human stays in the loop.”
Ledger’s chief experience officer, Ian Rogers, said the integration reflects the growing number of developer-focused wallets and AI-driven tools entering crypto.
“There is a new wave of CLI and agent-centric wallets emerging, and these will need Ledger security as a feature, too,” Rogers said.
Read more: Your AI is getting a bank account: MoonPay just gave bots the power to spend money
Belgian-born crypto millionaire, Olivier Janssens, reportedly offered to pay Nevis residents $100 per month if the government approves his development plans for a tech-friendly libertarian community on the Caribbean island.
Jannsens’ Destiny, a project aiming to buy and restructure about 2,400 acres of land on the Caribbean island, said it will begin paying residents $100 per month, “immediately once the final agreement with the government is approved,” according to an email seen by the Financial Times.
The monthly $100 figure is an increase from the initial 30 East Caribbean dollars (US$11) announced by the project in November 2025.
The offer drew sharp criticism from opponents of the project, who said it amounted to an attempt to influence public opinion and government approval.
Kelvin Daly, a member of the Nevis Reformation Party (NRP), condemned the move for allegedly pressuring authorities into accepting the development plans. “Janssens and De Primer have upped their bribe from US$30/month to US$100/month,” wrote Daly in a Facebook post on Monday.
“This is influence buying, a clear attempt by a private developer to interfere in the domestic socioeconomic and political affairs of our country.”
Daly urged authorities to investigate the initiative for breaches under the Anti-Corruption Act.
Destiny is seeking approval under St. Kitts and Nevis’ Special Sustainability Zones framework, a legal regime passed in 2025 that enables projects of this kind.
The initiative plans to invest $50 million into Nevis’ infrastructure to fund hospitals, health centers, villas, and create more jobs, while sharing 10% of the profit with citizens and 10% with Nevis’ sovereign wealth fund.
Cointelegraph has approached Destiny for comment on the approval timeline of the project.
Related: Trump Organization to tokenize Maldives resort development for early investors
Crypto founders building their own cities in “ultimate exit” plan
Janssens was an early Bitcoin investor and briefly served on the Bitcoin Foundation’s board in 2015, when he publicly said the organization was “effectively bankrupt.”
Former Coinbase exchange chief technical officer, Balaji Srinivasan, announced a similar initiative at the Network State Conference in Singapore in October 2025.
During his speech, he urged crypto and tech enthusiasts to collectively buy land and create more tech-friendly communities, positioning it as Silicon Valley’s “ultimate exit” from “failing” US institutions.
Srinivasan also shared a document that showed a total of 120 “start-up societies” in development worldwide.
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