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Crypto Millionaire’s Project Pays Residents $100 Monthly

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A crypto-backed development push on the Caribbean island of Nevis is drawing scrutiny as a Belgian-born investor advances a plan to convert roughly 2,400 acres into a tech-friendly, libertarian enclave. Destiny, the project led by Olivier Janssens, has proposed a steady stream of citizen grants alongside a multi-decade infrastructure program, aiming to reshape a portion of Nevis into what its proponents describe as a futures-focused urban community. The initiative comes with a controversial twist: residents could begin receiving monthly stipends of $100 in the near term, a policy that critics say amounts to political influence-peddling and raises anti-corruption concerns as the government weighs the proposal. The latest figures show Destiny intends to pour $50 million into the island’s infrastructure to fund hospitals, health centers, villas and job creation, while distributing a share of profits to citizens and a sovereign wealth fund. The project seeks authorization under St. Kitts and Nevis’ Special Sustainability Zones regime, a framework that parliament passed in 2025 to facilitate such developments.

Key takeaways

  • Destiny plans to acquire and restructure about 2,400 acres on Nevis, pairing a major land redevelopment with a $50 million infrastructure program to fund hospitals, health centers and housing.
  • Residents would receive $100 per month once the final government agreement is approved, up from the initial 30 East Caribbean dollars (about US$11) announced in November 2025.
  • Opponents argue the stipend is an attempt to sway public opinion and government decisions, calling for an investigation under anti-corruption law.
  • The project is pursuing permission under the territory’s Special Sustainability Zones regime, approved in 2025 to enable large-scale, sovereign-backed development initiatives.
  • Destiny’s model reflects a broader crypto-inflected “city-building” trend discussed by founders seeking new governance experiments, including high-profile figures who advocate land-buying and community creation as a form of “exit” from traditional institutions.

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Sentiment:

Market context: The Nevis proposal arrives amid a wave of crypto-enabled urban ventures that leverage offshore jurisdictions and new regulatory regimes to test governance, funding models and citizen-participation schemes within a evolving regulatory landscape.

Why it matters

The Destiny project sits at the intersection of crypto wealth, political risk and economic development in a small Caribbean jurisdiction. By proposing to buy and restructure a sizable tract of land and commit a substantial infrastructure budget, Destiny taps into a growing appetite among cryptocurrency founders to experiment with new urban forms. The approach blends private capital, tokenless governance concepts and citizen benefits, raising questions about accountability, long-term sustainability, and how such schemes should be regulated in jurisdictions that balance attracti­on with the need for oversight.

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At the heart of the debate is the compensation mechanism promised to residents. Destiny has signaled a monthly stipend of $100 would be paid immediately after final government approval to participate in the venture. That figure marks a substantial increase from its earlier commitment of 30 East Caribbean dollars per month (roughly US$11). Critics argue that this is a form of influence buying, designed to curry favor with local authorities and sway public sentiment. Kelvin Daly, a member of Nevis’ Reformation Party, condemned the move as a coercive pressure tactic, arguing it amounts to private-sector interference in domestic socioeconomic policy. He urged authorities to probe potential breaches of anti-corruption laws in connection with the program.

Destiny’s leadership frames the project as a pathway to broader economic resilience. The plan envisages 10% of profits returned to Nevis’ citizens and another 10% funneled into the territory’s sovereign wealth fund, aligning private development with public benefit. If approved, the initiative would begin channeling tens of millions into the island’s infrastructure, including healthcare facilities and housing, while creating jobs for residents and potentially catalyzing further private sector investment. The framework under which Destiny seeks approval—St. Kitts and Nevis’ Special Sustainability Zones Act—was crafted to authorize and regulate ambitious, cross-border development efforts in a way that is meant to balance innovation with oversight. The 2025 act represents a formal mechanism to enable such projects, providing a legal pathway for foreign-backed ventures that promise social and economic returns to local communities.

The broader crypto city-building trend has drawn attention from prominent figures in the space. Balaji Srinivasan, a former Coinbase executive and early advocate of technologically driven, community-led cities, highlighted the concept at the Network State Conference in Singapore in October 2025. In his remarks, Srinivasan urged crypto and tech enthusiasts to collectively acquire land and assemble tech-forward communities, framing the endeavor as Silicon Valley’s “ultimate exit” from perceived failings in traditional U.S. institutions. He also presented research suggesting there are about 120 “start-up societies” in varying stages of development worldwide, underscoring the scale of this movement beyond a single project. The discourse surrounding these ideas highlights a broader aspiration within parts of the crypto ecosystem to reimagine governance, citizenship, and public services through distributed, decentralized methods.

Destiny’s public-facing materials emphasize a long-term commitment to the Nevis landscape. The project contends that the land purchases and infrastructure investments would not only provide amenities for residents but also help position Nevis as a testing ground for governance models that blend private capital with public benefit. Still, the initiative’s reception on the ground has been mixed, with critics warning that high-profile incentives could distort local decision-making processes and invite scrutiny from anti-corruption watchdogs. The Nevis government’s timeline for final approval remains unclear, and observers will be watching closely for how regulators interpret the Special Sustainability Zones Act in the context of this proposal.

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Sources and statements tied to the project point to a nuanced dynamic between ambition and risk. An email report cited by the Financial Times describes the monthly payment structure and its conditional nature on securing a final agreement, while the Special Sustainability Zones Act page on SKNIS outlines the statutory framework that would govern such initiatives. Destiny’s communications and the timing of government decisions will likely shape both investor confidence and local sentiment in the months ahead. The discourse around this project sits at the confluence of venture capital appetite, political accountability, and the evolving regulatory landscape for crypto-enabled urban experiments.

Project Destiny, preview. Source: Destiny.com

Bitcoin (CRYPTO: BTC) has a long-standing place in the lore of Destiny’s founder, with Janssens described as an early investor and a former member of the Bitcoin Foundation board in 2015, during which the group’s status was publicly questioned. This history is cited in discussions about the project’s credibility, as well as the broader narrative of crypto-led city-building that continues to attract both supporters and critics.

What to watch next

  • Timeline for final government approval under the Special Sustainability Zones Act, with any public disclosures from SKN authorities.
  • Regulatory or anti-corruption inquiries related to the $100 monthly stipend proposal and the broader governance framework.
  • Progress on Destiny’s $50 million infrastructure plan, including hospital and housing milestones and job-creation metrics for Nevis residents.
  • Reactions from local communities and political parties to the citizen-profit-sharing model and the long-term governance structure of the project.
  • Updates from other high-profile crypto-city initiatives, including any new documents or speeches from proponents like Balaji Srinivasan and related ventures.

Sources & verification

  • Financial Times reporting on Destiny’s payment proposal and government-facing communications (email seen by FT).
  • Special Sustainability Zones Act 2025 documentation from SKNIS outlining the regulatory framework.
  • Destiny’s public materials and references to the proposed $50 million infrastructure program and profit-sharing commitments (Destiny.com).
  • Balaji Srinivasan’s Network State Conference remarks and the referenced document detailing a 120-start-up-society framework.
  • Historical references to the Bitcoin Foundation’s status and Janssens’ involvement in 2015 (as cited by crypto press and analysis).

Destiny’s Nevis plan tests crypto-led city-building and regulatory risk

Olivier Janssens, a crypto veteran whose early Bitcoin investments and past board roles have anchored him in the sector’s lore, is steering a bold experiment on Nevis. The Destiny project envisions acquiring and restructuring approximately 2,400 acres with an eye toward crafting a “tech-friendly libertarian” community that blends innovation with public-services investment. The proposed model relies on a mix of private capital and public benefits—chief among them a 10% profit share for citizens and another 10% for Nevis’ sovereign wealth fund—paired with a robust infrastructure program aimed at improving healthcare facilities, housing, and local employment.

While the economic calculus sounds appealing on its face, the political optics of the plan have triggered friction. A key demand from opponents is greater scrutiny of the incentive structure and the potential for influence on public decision-making. Kelvin Daly, a member of Nevis’ Reformist Party, publicly described the plan as “influence buying” and urged authorities to look into possible breaches of anti-corruption statutes. The social contract being advanced with Destiny would hinge on final government approval—an approval that has yet to be publicly reconciled with the island’s regulatory environment. The dispute underscores a broader tension in crypto-city projects: the desire to accelerate development through outsized private funding versus the need for transparent governance and credible oversight.

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Destiny’s formal path forward rests on the Special Sustainability Zones regime, a 2025 statute designed to accommodate ambitious, cross-border schemes that promise measurable community benefits. The legal framework aims to strike a balance between attracting foreign investment and ensuring governance remains accountable to residents. In parallel, Destiny’s critics and supporters alike are watching a broader narrative in which crypto founders advocate for a more decentralized, entrepreneurial approach to city-building as a potential alternative to traditional governance models. The movement is not isolated: Balaji Srinivasan highlighted similar ideas at a major conference in Singapore, circulating a vision of “start-up societies” and land ownership as a lever for sustainable, tech-forward communities. The discussion signals both opportunity and risk as jurisdictions weigh the implications of crypto-enabled development in a world where regulatory expectations are still evolving.

The Financial Times report, SKNIS documentation, and Destiny’s own materials collectively frame a transformation in how offshore territories might partner with private developers to deliver public goods. If the government ultimately approves the plan, Nevis could become a focal point for a new class of experiments at the intersection of crypto finance, governance, and urban planning. The next steps will likely reveal whether such ventures can responsibly balance private ambition with public accountability, and whether residents see meaningful long-term dividends beyond the immediate monthly stipends.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Bitcoin Price News: DeepSnitch AI Powers Through With $2.1M Raised in Presale Ahead of March 31 Uniswap Launch, BTC Price Forecast Solid, SOL Remains Range-Locked

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Bitcoin Price News: DeepSnitch AI Powers Through With $2.1M Raised in Presale Ahead of March 31 Uniswap Launch, BTC Price Forecast Solid, SOL Remains Range-Locked

The Bitcoin price news cycle is running with Binance Research’s data that reveals that the 12 months following US midterm elections have averaged a 54% Bitcoin gain across the three post-midterm years on record.

Binance is calling the pattern a post-midterm stretch, which could potentially be the strongest recovery window in the cycle.

Yet, this is expected to come in November, which may not do much for the current BTC price forecast. This is why fresh opportunities are so potent.

For example, DeepSnitch AI, a presale with $2.1M raised and 100x-300x community projections, is releasing on March 31, making it the perfect bridge until the midterm elections recovery materializes.

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Can midterm elections trigger Bitcoin’s next recovery?

Binance Research published data showing that Bitcoin has logged significant drawdowns during midterm election years, including a 73% decline in 2018 and a 64% drop in 2022. Yet, a sharp rebound always followed in the 12 months following the vote.

Resolving political uncertainty through election outcomes has historically been the trigger for powerful risk asset rallies. With the November 2026 midterms eight months out, Binance suggests the setup could mirror previous cycles if macro conditions stabilize.

It’s worth stressing that the current situation is messy, to say the least. Oil briefly spiked to $95 per barrel, and overall escalation at that level keeps pressure on risk assets regardless of what historical election cycles suggest. The Bitcoin price news right now is caught between a bullish long-term pattern and a volatile near-term macro environment without a clear ending in sight.

This is exactly why traders are exploring altcoins and presale projects until the situation stabilizes.

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Coins to watch in March 2026

1. DeepSnitch AI: Anticipation for a DSNT pump sky-high after the March 31 launch date was announced

Midterm tailwinds are a real force, according to Binance. Yet, who can wait for months until the chart moves an inch?

DeepSnitch AI was not only resilient to volatility, but it also doesn’t require macro conditions to run. The Uniswap launch (more CEX and DEX listings will likely follow) is on March 31, and the platform is already live.

This basically means that the community projections that go as high as 300x are backed by an actual product instead of oil prices.

While its breakout potential is clear, the underlying utility is the main driver of hype. Combining five AI agents into a live dashboard, DeepSnitch AI centralizes lifesaving crypto analytics services into a single window.

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From tracking sentiment shifts and FUD to finding breakout setups, the dashboard practically does the same thing you’d need a dozen other tools for.

Ultimately, the Bitcoin price news cycle rewards traders who position early, and DeepSnitch AI offers the last chance to get it at $0.04399. The returns could be parabolic, especially if you apply the DeepSnitch AI discount codes that give you as many as 300% extra tokens for large allocations – so save the date.

 

2. Bitcoin: What’s next for Bitcoin?

According to CoinMarketCap, Bitcoin pumped to $71.4K on March 13.

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BTC market news is currently bullish, especially with the idea of a post-midterm relief rally. But what’s the Bitcoin price analysis today projecting?

In short, Bitcoin is gearing up for a test of the 50-day SMA. Since the overall vibe favors the buyers, it’s very likely that Bitcoin could challenge the $74K resistance next. If it closes, then the Bitcoin price news will go through the roof as this would complete a bullish ascending triangle pattern, which could culminate in a test of $84K.

Since the bear market is still around, though, Bitcoin losing the support and turning down from the current levels could either lock it in a tight range or push the price back to $62.5K, negating the entire setup.

3. Solana: Will Solana finally move?

Solana swapped hands at $88 on March 13, according to CoinMarketCap.

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Still in its $76-$95 range, Solana traders are hoping that the bullish Bitcoin price news will rub off on SOL. However, the technical setup itself is solid, and if SOL pushes past $95, it’s only a matter of time until it targets $117.

Further decline and a close below $76 will run the coin down to $67 or even as low as $57.

Final thoughts: Why wait around?

Bitcoin logging 54% average gains in the 12 months after midterms is a key historical data point that could play out again. That’s practically months and months of handling losses, hoping that the November pump saves your bag.

DeepSnitch AI cuts through both the Bitcoin price news and murmurs about the altseason. March 31 launch on Uniswap is where the magic will happen, and hopefully, the 100x-300x price predictions will turn out to be true.

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It’s worth stressing that even a smaller rally is more than worth it with the exclusive bonuses you still have time to claim. If you’re investing $30K+, enter the DSNTVIP300 code at checkout and claim 300% extra DSNT tokens after launch.

Jump aboard the DeepSnitch AI presale train before the window closes. For the latest updates, check out what the community is cooking up on X or Telegram.

FAQs

1. What does Binance Research’s midterm data mean for the Bitcoin price news?

Post-midterm years have averaged 54% BTC gains across three cycles. November 2026 is the trigger date. Near-term Bitcoin price news remains volatile with oil at $95 and Middle East escalation keeping pressure on risk assets.

2. What are the key Bitcoin price levels traders are watching right now?

BTC is pushing toward the 50-day SMA with $74K as the critical resistance. Closing above it completes a bullish ascending triangle targeting $84K. Losing current support reopens $62.5K and potentially invalidates the entire short-term setup.

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3. Why are traders choosing DeepSnitch AI over waiting for Bitcoin price news to improve?

March 31 TGE beats an eight-month wait on midterm tailwinds. Live platform, $2.1M raised, Uniswap listing confirmed, and 100x-300x community projections that don’t depend on oil prices or Senate schedules to play out.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Bitcoin Policy Institute Pushes Fed to Revise Bitcoin Risk Rules

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U.S. regulators are preparing to release new banking rules that will affect how banks handle digital assets on their balance sheets. The Bitcoin Policy Institute plans to challenge how the framework classifies Bitcoin risk. The group aims to influence upcoming Federal Reserve proposals linked to international banking standards.

Bitcoin Policy Institute Challenges Bitcoin Risk Treatment

The Bitcoin Policy Institute plans to respond to the Federal Reserve’s upcoming proposal on bank asset risk weighting. The organization intends to review the proposal and submit formal comments. It seeks regulatory changes that could reshape how banks treat Bitcoin exposure.

The Federal Reserve recently announced plans to issue a public consultation on implementing global Basel standards. These standards guide how banks measure asset risk and determine capital requirements. Consequently, regulators will define how digital assets appear within bank balance sheets.

The institute argues that the current Basel framework assigns Bitcoin an extremely high risk classification. Under the rules, banks must treat Bitcoin holdings as high-risk assets. Therefore, financial institutions face stricter capital requirements when holding cryptocurrency.

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Basel Rules Assign High Capital Requirements To Bitcoin

The Basel Committee on Banking Supervision created global rules that guide banking risk management. These rules classify assets according to their potential financial risk. As a result, banks must hold different levels of capital depending on the asset category.

Within this system, Bitcoin falls into a high-risk category that carries a 1,250 percent risk weighting. Such a rating requires banks to hold equivalent capital for any Bitcoin exposure. Consequently, banks must fully back Bitcoin positions with approved collateral.

Other assets receive far lower classifications under the same regulatory framework. Cash, government bonds, and physical gold carry zero percent risk weighting. Therefore, banks can hold these assets without allocating additional regulatory capital.

The Bitcoin Policy Institute argues that the classification places digital assets at a structural disadvantage. The organization claims the treatment limits financial institutions that want to offer Bitcoin-related services. As a result, banks may avoid integrating Bitcoin into their operations.

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Federal Reserve Moves Toward Final Basel Implementation

The Federal Reserve plans to introduce rules that complete the final stage of Basel implementation in the United States. Regulators intend to strengthen financial stability while maintaining support for economic activity. Therefore, the proposal aims to balance growth and financial safety.

Supervisory officials stated that the rules should improve regulatory efficiency across the banking sector. They also intend to maintain strong risk management across financial institutions. Consequently, banks will adjust capital strategies based on the finalized guidelines.

The upcoming proposal will open a public comment period before regulators finalize the framework. Organizations, financial institutions, and policy groups will submit feedback during this stage. Therefore, regulators may revise aspects of the proposal before issuing final rules.

The debate over Bitcoin’s classification has grown since the Basel Committee introduced crypto guidelines in 2021. The committee placed digital assets in a high-risk category called Group Two. Under that structure, banks can hold only limited amounts of these assets.

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Group Two assets remain capped at a small percentage of a bank’s overall holdings. The rule restricts exposure to assets considered volatile or uncertain. Consequently, the classification continues to shape how global banks approach cryptocurrency services.

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US-Israeli war with Iran forces TOKEN2049 cancellation

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US-Israeli war with Iran forces TOKEN2049 cancellation

TOKEN2049, which was due to take place in Dubai in April, has reportedly been cancelled amid growing concerns for conference goers’ safety due to the ongoing US-Israel war with Iran.

As reported by Wu Blockchain, a document was sent to TOKEN2049 sponsors warning that the event would be pushed back to April 2027 due to “current geopolitical conditions” and their impact on “international travel, participation, and event logistics.” 

It claimed that preparations for the conference had been continuing and that the decision “was not taken lightly.” 

Organizers said, “ensuring the global crypto industry can gather safely, and at the scale and quality that define TOKEN2049, remains our top priority.” 

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Read more: Is ‘cloud seeding’ behind Dubai floods that wrecked TOKEN2049?

It noted that sponsors for the 2026 event will be carried over to next year’s conference, and stressed that it remains committed to maintaining its “long term presence” in Dubai.

The cancelation comes just four days after TOKEN2049 told Fortune that the event would continue as planned and preparations were in full swing. 

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A separate conference for TON, a cryptocurrency once associated with Telegram, cancelled its May Dubai event yesterday due to the ongoing conflict. 

Dubai arrests people filming Iran strikes in the country 

The ongoing war in the Middle East has led to retaliatory attacks from Iran targeting US-Israel allied states in the Gulf, including the United Arab Emirates, specifically Dubai. 

Drone attacks reportedly targeted the city’s financial centre earlier today, while drones fell near its airport earlier in the week.

It’s also been targeted by missile fire, and the Burj Al Arab and luxury Palm Jumeirah area, both situated near the intended TOKEN2049 venue, have been attacked.

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Several people have been arrested and charged after filming and posting the attacks. 

Read more: How bombing Iran shifted oil and bitcoin prices

Iran recently closed the Strait of Hormuz and has reportedly attacked at least 18 ships attempting to pass through it since the conflict began. The route was critical for shipping oil, and its closure has caused its price to skyrocket. 

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Bybit Launches AI Trading Skill for Automated Trading

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Crypto exchange Bybit has introduced a new artificial intelligence feature that allows automated trading through external AI assistants. The tool enables users to connect AI systems and execute trades using simple natural language commands. The launch reflects a broader push among crypto platforms to integrate AI into digital asset trading services.

Bybit Launches AI Trading Skill For Automated Trading

Bybit has launched an AI Trading Skill that allows external AI assistants to perform trading actions on its platform. The feature enables users to access market data, place trades, and manage assets through natural language prompts. As a result, traders can interact with the exchange without relying on a traditional trading interface.

The system connects with several AI assistants that interpret instructions and convert them into trading commands. Users can issue requests to check prices, open positions, or review portfolio balances through conversational prompts. Consequently, the feature simplifies trading operations and reduces the time required to execute market actions.

The exchange designed the AI Trading Skill to operate without complex installation processes. Users only need to connect supported AI assistants through secure API authentication. Therefore, traders can quickly activate the system and begin using AI-driven commands across their accounts.

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AI Agents Execute Trades Through Extensive API Access

The AI Trading Skill operates through a network of 253 API endpoints that enable wide access to trading functions. These endpoints allow AI assistants to retrieve market data and execute various trading instructions instantly. As a result, AI systems can process commands and respond to market conditions more efficiently.

Users can chain several commands together and follow up with additional requests within a single conversation. The system also supports advanced operations such as margin lending and price differential trading strategies. Consequently, traders can manage multiple tasks without navigating separate trading dashboards.

Bybit also integrated real-time market intelligence through WebSocket data streams that deliver continuous market updates. These streams help AI assistants analyze live market conditions and respond to price movements quickly. Therefore, automated trading decisions can occur faster than manual execution.

The exchange described the feature as its most comprehensive AI integration across trading and digital asset management. Earlier tools provided analysis and strategy support, but required manual action from traders. However, the new framework allows AI agents to move from analysis to direct execution.

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Safeguards Aim To Protect Users During AI-Driven Trading

Bybit added several safeguards to ensure that automated trading operates securely within its ecosystem. The exchange requires new users to perform test trades in a testnet environment before accessing live markets. This step allows traders to experiment with AI commands while avoiding financial risk.

All live trades require manual confirmation from the user before the order reaches the market. This control mechanism ensures that traders maintain final authority over every transaction. Consequently, AI assistance does not remove human oversight during trading activity.

The system also protects account data through secure API authentication that manages communication between AI assistants and the exchange. Users do not need to expose sensitive credentials when connecting to the feature. Therefore, the infrastructure reduces security risks while supporting automated trading commands.

Crypto exchanges have steadily expanded artificial intelligence tools to improve trading efficiency and platform accessibility. Other major exchanges have released AI tools that assist with market monitoring, strategy generation, and automated execution. As AI adoption grows, exchanges continue to test new ways to combine automation with digital asset trading services.

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XRP Ledger Validators Weigh Two Amendments as Votes Lag

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The XRP Ledger is reviewing two proposed amendments that could expand lending functions and strengthen vault infrastructure. Validators have begun voting, yet early participation remains limited. Current results suggest the proposals still face significant hurdles before reaching activation requirements.

Data from XRPScan shows that validators have submitted only a small portion of the required votes. The network requires a strong consensus before any protocol change becomes active. Consequently, both amendments remain far from the necessary approval threshold.

The proposed changes target deeper financial functionality across the XRP ecosystem. Developers designed them to enhance lending capabilities and asset management tools. However, the current voting pace indicates that activation may take longer than expected.

SingleAssetVault Amendment

Validators are currently assessing the v3.1.0 SingleAssetVault amendment across the network. The proposal introduces vault mechanisms designed for single asset management within decentralized environments. As a result, developers expect stronger custody options for on-chain financial applications.

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So far, only eight validators have recorded votes supporting the proposal. This number remains well below the required activation threshold. Therefore, the amendment currently shows limited progress toward implementation.

The XRP Ledger requires at least 28 validator approvals to activate protocol changes. This requirement represents roughly 80 percent of the network’s validator set. Without that support, the activation process automatically resets after the voting period ends.

Lending Protocol Amendment

Validators are also reviewing the v3.1.0 Lending Protocol amendment during the same voting cycle. This proposal introduces infrastructure for native lending services within the XRP Ledger ecosystem. Consequently, developers aim to expand decentralized finance capabilities directly on the network.

The amendment has gathered only six validator votes so far. That participation rate equals about 17% of the total validator pool. Therefore, the proposal remains far below the required approval threshold.

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If voting participation does not accelerate, the activation timer will expire. When that happens, the amendment returns to a pending state. Validators may then reconsider the proposal during a future voting round.

Amendment Oversight and Security Context

Protocol amendments carry major consequences because they directly modify core blockchain functionality. Developers, therefore, apply strict governance rules before enabling any change. The XRP Ledger uses extended validator voting periods to confirm broad consensus.

A recent example demonstrated why careful review remains essential. Security researchers discovered a vulnerability in the proposed Batch amendment, known as XLS-56. That issue appeared during its voting phase and never reached activation.

The flaw could have allowed attackers to withdraw funds from user wallets. Notably, the exploit did not require access to private keys. Early detection prevented potential damage and reinforced the network’s review process.

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Such events highlight the importance of gradual amendment adoption. Validators must carefully examine technical risks before approving protocol upgrades. Consequently, the slow progress of current proposals reflects the network’s cautious governance approach.

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Arthur Hayes Says Hyperliquid’s HYPE Token Could Reach $150 by 2026

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Arthur Hayes Says Hyperliquid's HYPE Token Could Reach $150 by 2026

Why Arthur Hayes is bullish: In an interview with CoinDesk’s Jennifer Sanasie on MArkets Outlook, Hayes said Hyperliquid has separated itself from competing perpetual futures exchanges with real usage rather than incentive-driven volume.

  • Hayes told Sanasie he sold his firm’s HYPE position around $50–$55 ahead of expected token unlock pressure but turned bullish again after the team chose not to sell most of its monthly token allocations.
  • He said Hyperliquid still generates close to a $1 billion annualized revenue run rate based on 30-day fee data.
  • The platform’s HIP-3 permissionless listing system has expanded trading beyond crypto into assets like oil or equity indices.

What’s driving activity: Hayes said traders are increasingly using Hyperliquid to access markets unavailable through traditional platforms.

  • Retail traders can trade assets like oil or Nasdaq proxies 24/7 on-chain using stablecoins and crypto wallets.
  • Hayes said leverage of 10x–20x is often available compared with the 2x–3x many retail investors receive on traditional brokerage platforms.
  • Weekend geopolitical events, such as sudden conflict announcements, have pushed traders to use Hyperliquid while traditional markets are closed.

Why Hyperliquid stands out: Hayes argued Hyperliquid’s liquidity and trading metrics show more genuine market activity than rival decentralized exchanges.

  • Many competing platforms rely on wash trading or token incentive programs to inflate activity, Hayes said.
  • He evaluates exchanges using the ratio of trading volume to open interest, which he said helps identify genuine trading demand.
  • Hayes said Hyperliquid has the lowest ratio among major perpetual DEXs, indicating more “real” trading.
  • The platform also offers the lowest slippage for large bitcoin perpetual trades ranging from $100,000 to $10 million, he said.

What could derail the thesis: Hayes said rising hype and stronger competition could signal a potential exit point.

  • He said he would reconsider his position if HYPE’s price-to-earnings ratio rises sharply and market sentiment becomes overwhelmingly bullish.
  • Another risk is whether competitors offering lower fees can erode Hyperliquid’s roughly 70% share of perpetual DEX revenue.
  • Hayes said maintaining strong revenue and continued restraint in team token selling are key to sustaining the bull case.

Beyond HYPE: Hayes also highlighted privacy-focused crypto projects as a developing narrative.

  • He said Zcash could benefit from growing concerns about blockchain surveillance and AI-powered transaction analysis.
  • Hayes cited Zcash’s cryptographic upgrades and privacy model as reasons he favors it over alternatives like Monero.

Bitcoin outlook: Hayes maintained his aggressive forecast for Bitcoin.

  • He reiterated that Bitcoin could reach $250,000 by the end of the year despite missing earlier targets.

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Ethereum Foundation Publishes EF Mandate

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Ethereum Foundation Publishes EF Mandate

The document articulates and reaffirms the purpose and “promise of Ethereum,” as well as the EF’s role in the ecosystem.

The Ethereum Foundation released the EF Mandate today, a foundational document it says functions as part constitution, part manifesto. The 38-page document, published by the EF’s board today, March 13, as a PDF and on-chain, aims to articulate the “promise of Etheruem,” as well as the EF’s role in the ecosystem.

Per the Mandate, the EF defines its role not as Ethereum’s owner or ruler, but as a steward with one core mission: ensuring Ethereum becomes and stays a decentralized, resilient tool for user self-sovereignty.

The Mandate also reaffirms the definition of Ethereum as humanity’s “World Computer” as the ecosystem’s first “promise” — what the EF says represents a “common computational substrate that anyone can interact with trustlessly, permissionlessly, and persistently.” Ethereum’s second promise, per the EF Mandate, is to enable self-sovereign coordination at scale, without coercion or capture.

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Per the document, the EF’s mandate consists of two main principles: ensuring Ethereum stay decentralized and resilient, specifically as a tool for self-sovereignty; secondly, “scaling the guaranteed availability of self-sovereignty to users ready to
exercise it directly.”

The document states that a core aim of the EF within the first of its mandates is to ensure that Ethereum remain “CROPS” — censorship resistant, open source, private, and secure. This collection of properties, the EF says, is the non-negotiable baseline for all EF decisions for Ethereum, at both the protocol and application layers, per the Mandate.

“May the Foundation fall on its own sword if it fails to uphold its solemn promise to Ethereum,” an illustrated part of the EF Mandate reads.

Buterin Responds

Ethereum’s co-founder, Vitalik Buterin, posted a detailed breakdown of the Mandate on X today, describing Ethereum’s as “a sanctuary technology” built to “preserve technological self-sovereignty” and “ensure that no single person, organization or ideology’s victory in cyberspace can be total.”

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Buterin outlined the EF’s role as well, including developing “the zero option” at the Ethereum application layer — UX that “goes hard” on security, privacy, and respecting user agency — while leaving broader adoption-first efforts to outside players. “Such work has its natural home outside the EF,” he wrote.

The Mandate also formally enshrines passing the “walkaway test” as the EF’s norttart for Ethereum. Buterin first introduced the concept on Jan. 12, as The Defiant reported at the time.

The walkaway test refers to making sure Ethereum is robust and resilient enough to function and evolve even if the EF and the protocol’s core developers “disappeared tomorrow.” The Foundation frames its own diminishing relevance as the truest measure of success, arguing that despite what may sound like a contradiction, “we believe, and history shows us time and again, that the only way to grow a garden into something truly infinite is to choose subtraction,” referring to the eventual “subtraction” of the EF itself as steward of Ethereum.

“For we are building nothing less than the machinery of freedom — not just for today, but for the next thousand years,” the Mandate states in its closing section.

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The release comes amid significant internal change at the EF, following leadership restructuring last summer, and more recently, executive departures.

“We are doubling down on Ethereum,” Buterin wrote in his X post today, “and are excited about its next chapter.”

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Robinhood crypto volume jumps to $25b as equities, options and events fade

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Robinhood crypto volume jumps to $25b as equities, options and events fade

Robinhood’s February data show crypto notional volumes up 9% to $25b while equity, options and event contracts shrink, proving speculative energy has rotated back into coins.

Summary

  • Crypto notional trading hit $25.0b in February, up 9% month‑on‑month and 74% year‑on‑year, with $9.4b on the app and $15.6b routed through Bitstamp.
  • Equity notional volume fell to $194.4b, down 14% from January, while options contracts slipped 10% to 180.3m, underscoring cooling risk appetite outside coins.
  • Event contracts plunged 29% versus January, signalling that speculative flow is rotating away from Robinhood’s prediction markets and back into volatile crypto names.

Robinhood’s February numbers are clear: crypto is where the life is, everything else is fading.

Robinhood crypto volume jumps in February

Robinhood reported February crypto notional trading volumes of $25.0 billion, up 9% month‑on‑month and 74% year‑on‑year. Of that, $9.4 billion ran through the Robinhood app itself, with the remaining volume routed via Bitstamp, which Robinhood acquired in 2025 and now uses as its institutional and deep‑liquidity back‑end. This follows January’s $22.9 billion in crypto volume, meaning Robinhood has printed back‑to‑back months of sequential growth in digital‑asset activity to start 2026.

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The crypto growth comes as Bitcoin trades near all‑time highs and volatility returns across majors and meme‑adjacent tokens, pulling in both retail flow on the app and larger tickets via Bitstamp. For Robinhood, that mix is ideal: more notional, fatter spreads and higher engagement in a product line that was supposed to be dead post‑2021 but is now the only one actually inflecting up.

Equities, options and event contracts slump

Everything outside crypto is going the other way. Equity notional trading volume in February came in at $194.4 billion, down 14% from January, even though that still marks a 36% increase versus a year earlier. Options contracts traded fell to 180.3 million, a 10% month‑on‑month decline and only a 9% gain year‑on‑year, with average daily option volume at 9.5 million contracts, down 5% versus January.

The sharpest hit is in Robinhood’s event contracts — its prediction‑market‑style product. February saw just 2.4 billion event contracts traded, a 29% drop from January’s level, giving back a chunk of the growth the firm had touted as part of its post‑meme diversification story. That tells you where speculative energy has rotated: away from binary macro bets and back into leveraged plays on BTC and friends.

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What this rotation really means

From a market‑structure perspective, Robinhood is simply reflecting the broader tape: crypto volatility plus upside trends are attracting flows at the margin, while single‑stock and options trading cools off after a heavy run. For crypto markets, more retail flow through Robinhood and Bitstamp means more noise, more forced buying and selling around headlines, and fatter tails on both sides when the Fed or macro shocks hit.

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Dividend stocks are catching up to tech stocks on key earnings metric

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‘Fear is temporary, but greed is permanent’ says Main Management CEO on assessing geopolitical impact
‘Fear is temporary, but greed is permanent’ says Main Management CEO on assessing geopolitical impact

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.

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“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.

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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.

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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.

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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 Structure Remains Weak Against BTC and USD Despite Recent Rebound

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XRP Structure Remains Weak Against BTC and USD Despite Recent Rebound

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.

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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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