Bitcoin (CRYPTO: BTC) pressed toward a key resistance near $74,508, a level that traders are watching closely for signs of a sustained breakout. The move arrived as on-chain indicators suggested renewed buying interest from mid-sized wallets, with addresses holding between 10 and 10,000 BTC beginning to accumulate again—an activity historically associated with upside momentum. In parallel, U.S. spot BTC ETFs continued to draw capital, marking the fifth straight day of inflows and signaling persistent institutional engagement. A Bernstein research note linked these liquidity tides and corporate buying to a strengthening long-term holder base, painting a portrait of a market that could tolerate shocks better than in prior cycles. Against this backdrop, observers also noted the broader market’s crosscurrents—S&P 500 dynamics and the U.S. dollar’s movements—that tend to color crypto’s near-term trajectory.

Key takeaways

• BTC price action centered around $74,508 resistance, with a close above this level seen as a potential trigger for a rally toward $84,000.
• On-chain data showed renewed accumulation by wallets holding 10–10,000 BTC, a sign of growing demand at a critical segment of the holder distribution.
• Spot BTC ETFs attracted inflows for five consecutive days, underscoring ongoing institutional interest in the benchmark asset.
• A Bernstein note tied ETF inflows and corporate buying to a strengthening long-term holder base, suggesting a more resilient market structure in stressed conditions.
• Several major altcoins appeared to clear overhead resistance levels, indicating broader demand beyond BTC as liquidity cycles unfold.

Tickers mentioned: $BTC, $ETH, $BNB, $XRP, $SOL, $DOGE, $ADA, $HYPE

Market context: The week’s price action sits at the intersection of on-chain activity, ETF-driven inflows, and macro indicators. The S&P 500 faced a retest after hitting a notable level near the 20-day moving average, while the U.S. Dollar Index approached a notable resistance. These dynamics matter because they influence risk sentiment and liquidity availability for crypto markets, framing the probabilities of a sustained breakout or a deeper pullback.

Why it matters

The test of critical resistance levels in BTC comes at a moment when institutional access to crypto exposure is increasingly normalized through regulated products. The five-day streak of inflows into spot BTC ETFs demonstrates that institutions are not only interested in price exposure but also in the liquidity and custody frameworks that such products offer. When combined with on-chain evidence of renewed activity among mid-sized holders, the environment is arguably more conducive to a sustained move higher rather than a quick capitulation after a bounce.

Beyond Bitcoin, the health of the broader crypto ecosystem appears intertwined with the flows seen in ETFs and with corporate risk-taking. The Bernstein analysis highlighted how inflows into BTC-related vehicles, together with visible corporate buying, can bolster the long-term holder base—an important attribute for resilience during drawdowns. If market participants interpret these signals as a structural shift rather than a temporary optimism, it could translate into a steadier accumulation trend and a more robust bid for a swath of blue-chip altcoins that have cleared their own overheads.

From a trader’s perspective, the current configuration—where major assets are testing resistance while on-chain demand persists—suggests that risk management remains essential. The possibility of a bullish breakout hinges not only on Bitcoin’s ability to close above the resistance but also on sustained buying interest across key altcoins. As prices push higher, the likelihood of profit-taking increases, and traders may expect increased volatility around known hurdle levels, particularly if macro cues deteriorate or liquidity tightens due to shifts in the traditional financial markets.

What to watch next

• A sustained close above the $74,508 level for BTC could open the door to the next milestone near $84,000, while a pickup in selling pressure could pull the price back toward the nearby moving averages.
• ETH and other major altcoins appear to be testing their own overheads; a clear breakout in ETH could act as a supportive signal for broader upside, with potential targets around $2,600 and beyond.
• ETF inflows momentum remains a critical gauge of institutional appetite; continued net inflows over the coming weeks would reinforce the case for a more persistent upside, even in the face of occasional macro shocks.
• Macro drivers—such as the path of the US dollar and equity risk sentiment—will shape the range in which crypto markets operate. A sustained risk-on tone could lubricate further upside, whereas a shift toward risk-off could reintroduce volatility and test the lower bounds of recent ranges.

Sources & verification

• Santiment on-chain data showing accumulation by wallets holding 10–10,000 BTC: https://cointelegraph.com/news/bitcoin-whale-accumulation-btc-price-retail-santiment
• Five straight days of inflows into spot BTC ETFs: https://cointelegraph.com/news/spot-bitcoin-etfs-five-day-inflow-streak-2026
• Bernstein research note discussing ETF inflows and long-term holder base: https://cointelegraph.com/news/bitcoin-rebound-bernstein-long-term-holder-base
• Market analysis referencing a potential price test near $60,000: https://cointelegraph.com/markets/58k-btc-price-still-in-play-five-things-bitcoin-this-week
• Context on BTC hitting notable levels and upside potential: https://cointelegraph.com/markets/bitcoin-hits-74-4k-six-week-high-analysts-more-upside-for-btc
• TradingView market visuals referenced in broader coverage

Bitcoin price action and the crossroads of liquidity, on-chain activity, and macro signals

Bitcoin (CRYPTO: BTC) has been hovering around a critical resistance near $74,508, a level that many analysts view as a potential inflection point for a sustained rally. The move comes as on-chain data shows renewed activity among mid-range holders, with addresses carrying between 10 and 10,000 BTC starting to accumulate again. This behavior, often observed before a leg higher, provides a counterpoint to the immediate price action and suggests that demand is broadening beyond the largest holders who capitalized during earlier phases of the cycle. The combination of on-chain dynamics with price action creates a narrative where a breakout above the hurdle could unlock a larger upside move.

The activity is complemented by investor flows into regulated products. Five consecutive days of inflows into spot BTC exchange-traded funds point to a broader institutional appetite for crypto exposure, beyond the speculative bid that often dominates during bull markets. This steady influx occurs in a context where macro liquidity and risk discipline intersect with a broader corporate embrace of crypto assets. Bernstein’s note ties these liquidity fluxes to a strengthening long-term holder base, suggesting that the market could exhibit greater resilience during periods of stress than in prior cycles. Such a structural improvement is meaningful for all market participants because it may translate into more robust bid depth and a steadier price discovery process over time.

Alongside BTC’s trajectory, major altcoins have demonstrated their own momentum. Ether (CRYPTO: ETH) has shown signs of a breakout from a consolidation range, with analysts pointing to a potential path toward higher targets as buyers re-enter the market. If Ethereum can sustain a move beyond critical resistance, it could reinforce a positive feedback loop for other assets that have flirted with overheads. Other high-profile names—BNB (CRYPTO: BNB), XRP (CRYPTO: XRP), SOL (CRYPTO: SOL), DOGE (CRYPTO: DOGE), ADA (CRYPTO: ADA), and HYPE (CRYPTO: HYPE)—have also moved above their respective overhead levels in recent sessions, signaling broad-based demand and a shift in momentum that goes beyond BTC alone.

Yet the landscape remains nuanced. While the short-term tilt appears constructive, technical traders are mindful of potential traps. Price action around the moving averages, coupled with risk sentiment directed by the S&P 500’s behavior and the US Dollar Index (DXY), could still provoke pullbacks or consolidation. The S&P 500’s interactions with the 20-day moving average and a possible drift toward support around the mid-6,000s range offer a reminder that macro conditions can quickly reshape crypto trajectories. At the same time, DXY’s approach to resistance near 100.54 keeps the door open for either a renewed uptrend or a retracement, depending on how risk appetite responds to incoming economic data.

In this environment, traders will be watching not just price levels but also the durability of the bid across a suite of assets. The narrative of rising on-chain accumulation, coupled with elastic ETF inflows and corporate interest, hints at a more robust ecosystem than in past cycles. If these signals persist, BTC could be well-positioned to break higher and pull several leading altcoins along with it. The market’s next moves will likely be driven by a combination of on-chain activity, ETF flow momentum, and macro risk sentiment—each a piece of a larger mosaic that investors are still building as the year unfolds.

Solana’s price rallied over 6% to a five-week high of $94 on Monday amid a broader market rebound.

According to data from crypto.news, Solana (SOL) price rose nearly 7% to $94.07 on March 16, reaching its highest level since early February.

The seventh leading crypto asset by market cap rallied during a market-wide recovery after Bitcoin (BTC), the bellwether crypto asset, surpassed the $74,000 psychological resistance level, as investors rotated capital away from traditional safe-haven assets like gold and silver, which have tanked recently after hitting new highs.

The altcoin’s price also gained significant support from a short squeeze that followed shortly after its rebound near $90, where several short positions were concentrated. When short positions are liquidated, traders are forced to buy back the asset to cover their losses, which triggers a rapid upward price spiral as buying pressure intensifies.

Its leveraged markets also played a pivotal role in this momentum. Notably, SOL futures open interest increased by 7% over the past 24 hours, a sign that more liquidity was entering the market.

Meanwhile, spot Solana ETFs, which recorded their fifth consecutive week of net inflows by bringing another $106 million into the investment products, have also uplifted investor sentiment surrounding the token. 

On the daily chart, the Solana price is eyeing a breakout from an ascending parallel channel pattern, a popular bullish continuation pattern in technical analysis.

The 20-day simple moving average is also close to confirming a bullish crossover with the 50-day. A bullish crossover between these moving averages has historically signaled the start of a sustained uptrend. Additionally, the Relative Strength Index has been moving upwards after some consolidation in the neutral zone.

Hence, the path of least resistance for Solana suggests a move above the $100 psychological threshold over the coming sessions. A decisive break further above the $100 mark could embolden bulls to target the 100-day SMA at $110 as the next major resistance level.

On the contrary, if bullish momentum fails, the Solana price could revisit the 50-day SMA at $90, a drop below which can invalidate the current bullish thesis and lead to a deeper correction toward the $80 support zone.

Aave and CoW Protocol published separate post-mortem reports over the weekend dissecting the March 12 swap that resulted in a trader converting $50.4 million in USDT into roughly $36,000 worth of AAVE tokens, widely considered the largest execution loss of its kind in decentralized finance (DeFi).

The two accounts largely agree on the basic sequence of events but diverge sharply in emphasis and tone, with Aave framing the loss as the predictable consequence of trading in an illiquid market and CoW Swap painting a more complex picture of compounding infrastructure failures that made the outcome dramatically worse than it needed to be.

‘An Illiquid Market’

Aave’s analysis drew a technical distinction between price impact and slippage, arguing that the two are often conflated. The protocol said, “the primary root cause was the routing of a large trade through a market with poor liquidity, leading to an extreme price impact.”

“It is critical to distinguish between price impact due to an illiquid market and price impact due to slippage,” the team wrote. The user was quoted a price that was already 99.9% below expected market value before the swap even executed, Aave said, and the interface displayed a warning flagging the extreme price impact and required the user to check a confirmation box acknowledging a potential 100% loss.

An internal audit trail confirmed the user acknowledged the warning on a mobile device before proceeding, meaning the catastrophic outcome was visible to the user at the point of confirmation.

Aave stressed that its core lending protocol was never at risk, since the swap occurred via a third-party CoW Swap integration rather than through the protocol’s smart contracts.

‘Technically Correct Is Not the Ceiling’

CoW Swap’s report told a markedly different story, identifying what it called a “chain of compounding factors” that turned an already bad trade into something far worse.

During the initial quoting phase, three independent solvers submitted potential routes. The best unverified quotes would have returned roughly $5–6 million worth of AAVE for the $50 million order, still an approximately 90% loss but dramatically better than the $36,000 the user ultimately received.

Those better-priced routes never reached the user. CoW Swap’s quote verification system enforced a hardcoded 12-million gas unit ceiling — what the team described as “legacy code predating current gas consumption patterns” — which caused the more efficient routes to fail verification. The only quote that passed came from a solver offering roughly 329 AAVE tokens, far worse than the rejected alternatives. That figure was then used to set the order’s limit price in the Aave interface.

The situation deteriorated further in the auction phase. A solver identified in the report as “Solver E” won two consecutive auctions with a superior execution route but never submitted either transaction onchain. After two failed attempts, the solver stopped bidding entirely, leaving the worst route as the only remaining option.

CoW’s report also flagged evidence of a possible mempool leak. Despite the transaction being submitted via a private RPC endpoint, Etherscan displayed a “confirmed within 30 seconds” tag — a marker that typically appears only when a transaction is visible in the public mempool before being included in a block. CoW said the leak likely enabled the significant MEV activity observed in the execution block.

CoW struck a notably more self-critical tone than Aave throughout its report, acknowledging that a confirmation checkbox is an inadequate safeguard when trades involve tens of millions of dollars.

“Technically correct is not the ceiling we should be building toward,” the team wrote.

CoW said it has already deployed a fix removing the stale gas ceiling and is continuing to investigate both the solver execution failures and the suspected mempool leak.

AAVE is trading around $121, up roughly 6% over the past 24 hours, according to CoinGecko. Aave is the largest DeFi lending protocol with approximately $25.5 billion in total value locked, per DefiLlama.

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

OpenSea co-founder Devin Finzer said Monday that the timeline for the launch of the highly anticipated SEA token is being pushed back, as the company seeks to ensure the rollout is fully prepared rather than forcing a debut amid difficult crypto market conditions.

In a post on X, Finzer said the OpenSea Foundation originally planned to take the first steps toward the launch during a March 30 event but has decided to delay the timeline for the NFT trading platform’s token. “A delay is a delay. I’m not going to dress it up, and I know how it lands,” he wrote.

Finzer said the foundation weighed moving forward with the previously planned date but ultimately concluded that SEA “only launches once,” and that taking additional time would help ensure the debut meets the expectations of the platform’s community.

As part of the update, Finzer said OpenSea will wind down its current rewards campaign structure, confirming that the ongoing rewards wave will be the last. Users who traded during rewards waves three through six will be able to opt in to refunds for the platform fees OpenSea retained during that period. If users choose to receive the refund, the “Treasure” rewards tied to those waves will be removed from their accounts, while those who keep their Treasures will still have them considered for allocations at the token generation event.

The team also said the OpenSea platform will reduce its own token trading fees to 0% for 60 days starting March 31, a move aimed at encouraging users to try the company’s revamped platform.

Finzer added that the foundation will wait to announce a new SEA launch timeline until it can provide a clear and deliberate schedule.

“We have huge ambitions as a company, and we’re here for the long game. Making all of non-custodial crypto delightful on mobile is just the beginning,” Finzer wrote. “That means we have to set a very high bar for everything we do, and it’s why I’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.”

Read more: OpenSea Confirms Q1 Launch for SEA Token With Half of Supply Allocated to Community

A U.K. High Court judge allowed a lawsuit over the alleged theft of more than 2,323 bitcoin to move forward last week, in a case that highlights how the country’s legal system is still adapting traditional property law to cryptocurrency.

U.K. resident Ping Fai Yuen claimed in court filings in last week that his estranged wife, Fun Yung Li, used CCTV cameras in their home to secretly obtain the recovery phrase to his hardware wallet and transferred 2,323 bitcoin BTC$74,559.42 without his permission in August 2023, according to the docket in the High Court of England and Wales.

The bitcoin was worth just under $60 million at the time of the alleged theft 30 months ago, but is now worth roughly $172 million at the current price of just over $74,000.

The stolen crypto was stored in a Trezor cold wallet secured by a PIN. But anyone with the wallet’s 24-word recovery phrase could recreate the wallet and move the funds, the court noted. It was then transferred through several transactions and now sits across 71 blockchain addresses not held at exchanges. The funds have not moved since Dec. 21, 2023, according to the court.

Yuen said he later installed audio recording devices in the home after his daughter warned him Li was trying to take the bitcoin. After discovering the transfer, Yuen confronted Li and assaulted her. He later pleaded guilty to assault occasioning actual bodily harm and two counts of common assault in 2024. Officers seized several hardware wallets and recovery seeds during a search of her home, though authorities later took no further action pending new evidence.

Earlier, according to the filings, the wife asked the court to throw out the case, arguing that because the husband’s main claim was conversion, which in England is a legal term traditionally used when someone takes physical property, it could not apply to digital assets, such as bitcoin.

The judged agreed with the wife, but ruled the case can still proceed under different legal claims that could allow the husband to recover the bitcoin if his allegations are proven. The case will now proceed to trial, the judge said.

TLDR

• Ripple partnered with i-payout to enhance cross-border payouts into the United States and Canada.
• i-payout integrated Ripple Payments to accelerate settlement and improve payment transparency.
• The collaboration aims to reduce settlement delays and lower working capital requirements for global platforms.
• i-payout stated that cross-border payments into North America previously took several days to complete.
• Ripple recently outlined plans to secure an Australian Financial Services License to expand its payments offering.

Ripple has entered a new partnership to accelerate cross-border payouts into the United States and Canada. The company confirmed that i-payout has integrated Ripple Payments into its global payout platform. The collaboration targets faster settlement times and improved transparency for high-volume transactions.

i-payout announced the integration in a statement titled “real-time cross-border payouts into the US and Canada.” The company stated that it aims to enable “fast, transparent cross-border payouts” into both markets. It also seeks to reduce settlement delays and minimize working capital requirements for global platforms.

The partnership allows i-payout to use Ripple’s enterprise-grade digital asset infrastructure. As a result, the platform can accelerate settlement and improve payment visibility. The companies confirmed that they will focus on high-volume cross-border payout flows.

Ripple and i-payout Target Faster North American Settlements

i-payout said it operates as an API-first payout platform serving businesses worldwide. The company has worked in the payments sector for nearly two decades. It provides compliant payouts to workers, merchants, and partners across multiple regions.

Before this integration, cross-border payments into North America often took several days to settle. Those delays tied up working capital for global platforms. As a result, companies could not deliver funds to users quickly.

i-payout stated that integrating Ripple Payments addresses those settlement bottlenecks. The company said the collaboration will “accelerate settlement, improve payment transparency, and support high-volume cross-border payout flows.” It confirmed that the solution supports real-time payout capabilities into the United States and Canada.

The platform expects the new setup to reduce reliance on traditional correspondent banking networks. It also plans to streamline liquidity management for enterprise clients. Both companies confirmed that they will focus on operational efficiency and compliance.

Ripple Expands Licensing Efforts and Launches $750 Million Buyback

Last week, Ripple outlined plans to secure an Australian Financial Services License. The license would allow the company to expand its payment offering in Australia. It aims to serve financial institutions, fintech firms, and enterprises in the country.

The company confirmed that it wants to strengthen its regulated presence in the region. It stated that the license would support broader payment services. Ripple continues to pursue regulatory approvals in multiple jurisdictions.

Separately, Ripple launched a share buyback program valued at up to $750 million. The company will repurchase shares from employees and investors. Bloomberg reported that the transaction values Ripple at $50 billion.

Ripple confirmed that it structured the buyback as a tender offer. The program reflects internal capital management decisions. The company continues to expand its payments infrastructure across global markets.

As geopolitical tensions rise, more users are going on-chain in search of cross-border liquidity, which is boosting stablecoin supply.

The broader financial market is under pressure due to rising tensions stemming from the ongoing Middle East crisis. However, crypto assets are pushing back and resisting the pressure.

In fact, a recent report from the Asian crypto trading firm, QCP Capital, revealed that stablecoin liquidity is rising despite equities and gold buckling under pressure. This is a sign that the crypto market is navigating the turbulence caused by heightened geopolitical tensions.

Crypto Resists Pressure From War Tensions

According to the latest QCP Market Colour report, cryptocurrencies are striking back and not letting the war get the most of their price movements in what analysts call a “late-quarter plot twist.” Both bitcoin (BTC) and ether (ETH) are trading in the green over daily and weekly timeframes. At the time of writing, BTC was hovering above $73,550, while ETH changed hands around $2,250.

Bitcoin’s safe-haven and geopolitical-hedge narrative is resurfacing, with market volatility testing the thesis in real time. Equities, on the other hand, are testing key support levels amid heightened oil volatility and geopolitical tensions. This reflects the decoupling between crypto, equities, and gold.

It is worth noting that crypto has decoupled from gold and equities to the upside before; this happened during the early stages of the Russian-Ukrainian war in 2022. Although the implosion of the Terra-Luna ecosystem and the downfall of FTX reversed bitcoin’s upward momentum, the asset climbed from $35,000 to $48,000 within a month. Analysts say a similar pattern could play out this time, however, without the same level of systemic shock due to the industry’s maturity.

Stablecoin and Institutional Liquidity Rise

As geopolitical tensions rise, more users are going on-chain in search of cross-border liquidity and capital mobility. This is evident in the supply of USD Coin (USDC) reaching a record $81.1 billion. An increase in stablecoin supply signals the entrance of fresh liquidity into the crypto market.

Additionally, institutional liquidity is rising, with spot Bitcoin exchange-traded funds (ETFs) logging five consecutive days of inflows. BlackRock’s product alone has recorded three straight weeks of inflows totaling $1.75 billion. Bitcoin treasury firms like Michael Saylor’s Strategy are steadily increasing their BTC holdings, regardless of market conditions.

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Meanwhile, BTC faces a challenge at $74,500, as a large cluster of short liquidations sits above that level. With spot options approaching a large open interest strike by month’s end, it remains to be seen if bitcoin will amplify its rally or experience a pullback.

Artificial intelligence-linked cryptocurrencies extended their surge Monday after Nvidia CEO Jensen Huang laid out the company’s vision for the next phase of AI infrastructure during his keynote at Nvidia’s GTC developer conference.

Among the big movers were AI-focused blockchain NEAR$1.5009, climbing more than 10% over the past 24 hours, reaching its strongest level since late January. Decentralized AI project Artificial Superintelligence Alliance’s FET token surged as much as 20% intraday before trimming gains later in the session.

Meanwhile WLD$0.4022 — the identity-focused crypto project co-founded by OpenAI CEO Sam Altman — rose about 10%, trading near $0.40, its strongest level since early March. Grass (GRASS), a decentralized network that lets users monetize unused internet bandwidth to train AI models, surged 13% to fresh 2026 highs.

The moves came as Huang reinforced in his speech Nvidia’s central role in the global AI boom. During the keynote, he said the company expects roughly $1 trillion worth of chip demand backlog through 2027, with hyperscale cloud providers accounting for about 60% of its business.

Huang also highlighted the rapid rise of agentic AI systems, praising the viral OpenClaw project that has gained traction among developers in recent weeks. He said that Nvidia worked to adapt the system into an enterprise-ready version called NemoClaw, designed to make autonomous AI agents safer for corporate use without exposing sensitive data.

While Huang did not reference crypto during the speech, a growing number of blockchain projects are betting that the next wave of AI agents will rely on crypto rails to transact and coordinate autonomously. Other projects are racing to build decentralized networks for computing power, AI training and agent infrastructure, pitching blockchain as an alternative to centralized AI platforms.

Shares of Nvidia (NVDA), widely seen as the bellwether of the AI trade, initially jumped about 2% during the keynote before pulling back. The stock ultimately closed roughly 1.5% higher on the day.

T. Rowe Price, a $1.8 trillion asset manager best known for its mutual funds and retirement offerings, has updated the registration statement for its proposed Active Crypto ETF, signaling continued institutional curiosity about direct crypto exposure within a traditional fund framework. The amended Form S-1, filed with the U.S. Securities and Exchange Commission (SEC) on Monday, preserves the core structure of an actively managed ETF that would invest directly in digital assets, while expanding operational specifics and the universe of eligible assets. This move comes as traditional asset managers increasingly explore crypto-related vehicles, even as the broader market has cooled from peak 2024–25 levels.

Key takeaways

• The amendment to the Form S-1 confirms 15 eligible digital assets that could be included in the actively managed ETF, expanding beyond a narrow crypto exposure while maintaining an explicitly active management approach.
• Anchorage Digital Bank is named as the ETF’s crypto custodian, with updated details around share creation and redemption to enhance operational clarity for investors.
• Sui (SUI) has been added to the list of eligible assets, widening the potential exposure set beyond the previously disclosed lineup.
• The asset list remains largely consistent with the October filing, indicating a measured approach rather than a wholesale redesign of the fund’s potential holdings.
• Disclosure updates touch on the FTSE Crypto US Listed Index, including constituent weights as of January 2026, and expand risk disclosures related to turnover and the fund’s active trading strategy.
• Traditional asset managers continue to pursue crypto ETFs, with BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco cited as peers moving into crypto investment products.

Tickers mentioned: Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Avalanche (AVAX), Shiba Inu (SHIB), Sui (SUI)

The amendment is accessible via the SEC filing, which provides the procedural backbone for a product that would blend active management with direct asset ownership. The document—an amendment to the original S-1—is available here: SEC filing. Earlier reporting on the filing noted that the move surprised some observers given the manager’s traditional emphasis on conventional mutual funds rather than crypto ETFs, highlighting the evolving stance of traditional finance toward digital assets.

Beyond the asset roster, the amended filing confirms Anchorage Digital Bank as the ETF’s crypto custodian. This choice aligns with a broader industry shift toward established crypto-native custodians to provide secure safekeeping, settlement, and related governance controls for actively managed portfolios that could hold a mix of tokens. The amendments also broaden the disclosures around how shares are created and redeemed, a necessary step for an actively managed vehicle that may experience more frequent inflows and outflows relative to passive crypto ETFs.

Another notable development is the inclusion of SUI on the eligible-asset list. SUI’s addition broadens the scope of potential holdings for the active fund and reflects the managers’ posture toward newer layer-1 ecosystems and evolving token utilities. The SUI entry complements the well-known assets already on the list, creating a diversified mix that could, in time, span multiple sectors within the broader crypto economy.

The overall asset list remains largely aligned with the October filing, indicating a deliberate approach rather than a dramatic pivot in strategy. This consistency is underscored by industry observers who noted that the initial filing—made during a period when Bitcoin traded above the $120,000 mark—arrived amid exceptional market volatility and a consequential liquidation event on October 10. The market backdrop at that time featured billions of dollars in forced liquidations across leveraged crypto derivatives positions, a context that shaped investor sentiment in the months that followed.

The amended filing also includes updates related to the FTSE Crypto US Listed Index, with constituent weights as of January 2026, and expands risk disclosures tied to portfolio turnover and the fund’s active trading approach. These disclosures are critical in helping potential investors understand how frequently the portfolio might rebalance and how active management could influence costs, tracking error, and performance relative to more passive benchmarks. In parallel, industry commentary around the sector has highlighted the role of such disclosures in addressing investor concerns about transparency and risk as institutions expand into crypto exposure through listed vehicles.

In the broader context, the move by T. Rowe Price sits within a wave of traditional asset managers pursuing crypto ETFs. In October, Nate Geraci of NovaDius Wealth Management described T. Rowe Price’s filing as coming from “left field,” given the company’s entrenched conservative posture toward crypto. Nonetheless, the industry has seen a growing roster of incumbents—BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco—launching crypto investment products in various forms. The trajectory suggests that more mainstream asset managers view digital assets as a legitimate, if still nascent, component of diversified portfolios.

From a market standpoint, the crypto ETF narrative has evolved alongside price movements and liquidity dynamics. After the peak of 2024 and 2025, prices retreated, and crypto ETFs reported notable outflows at times, reflecting a period of risk-off sentiment. Recent reporting, however, indicates a shift: net inflows into crypto ETFs have turned positive in recent weeks, a sign that investor demand for regulated crypto exposure persists despite a broader pullback in the crypto cycle. These flows, coupled with ongoing product innovations from traditional players, suggest a maturing ecosystem where regulated, exchange-traded access to digital assets remains a focal point for mainstream investors.

As the SEC reviews and weighs the amended filing, market participants will watch for how the custodian arrangement performs under custody risk scenarios, how the active strategy translates into actual holdings, and whether the portfolio evolves to reflect changing market dynamics and regulatory considerations. The SEC’s ongoing oversight of crypto product disclosures—highlighted by discussions around simpler disclosure rules and tokenization debates—also remains a backdrop for any final approvals or listings that could shape liquidity and accessibility for retail and institutional buyers alike.

TradFi asset managers embrace crypto ETFs

The filing narrative reflects a broader trend in traditional finance. In the months around the initial submission, observers noted that established managers were testing the waters of direct crypto exposure through regulated products. The move ties into a wider industry dialogue about how best to offer regulated access to digital assets, balancing innovation with investor protections and clear disclosures. The shift is also taking place in a market environment where crypto prices have cooled from earlier surges, but where many investors remain interested in diversified exposure to the sector through regulated vehicles rather than bespoke unregistered products.

In parallel, media coverage of the sector has highlighted ongoing debates about tokenization, disclosure standards, and the appropriate balance between risk disclosure and product flexibility. The SEC has signaled a focus on setting robust disclosure baselines for crypto-related investment products, as evidenced by related reporting on the agency’s discussions and industry responses. This backdrop frames the current filing as part of a longer arc toward mainstream financial integration of digital assets, with regulators seeking to balance investor protection and innovation.

Why it matters

For investors, the amended filing signals increased access to a regulated, actively managed crypto exposure via a traditional ETF wrapper. If approved, the product could provide a framework for professional management of a diversified digital-asset portfolio, with a custodian-grade security layer and transparent share creation and redemption mechanics. The expansion to 15 eligible assets and the addition of SUI broaden the potential exposure set, offering the possibility of nuanced sector bets within the crypto economy rather than a single-asset bet on Bitcoin or Ethereum alone.

For the crypto ecosystem, the development reinforces the growing legitimacy of digital assets within mainstream asset management. It also places greater emphasis on governance, risk management, and operational readiness—themes that have grown in importance as more incumbents launch crypto-related products. For builders and infrastructure providers, the evolution signals sustained demand for compliant custody solutions, reliable liquidity, and rigorous disclosure practices that could standardize how crypto products are marketed and sold to retail and institutional investors alike.

What to watch next

• SEC action on the amended S-1 and potential listings or approvals for the Active Crypto ETF.
• Operational readiness and risk controls associated with Anchorage Digital Bank as custodian, including custody and settlement performance in a live product.
• Indications of which of the 15 eligible assets move into actual portfolio holdings, and how the active strategy performs against benchmarks.
• Updates to FTSE Crypto US Listed Index weights and any related benchmark revisions used for performance comparisons.
• Regulatory disclosures and market reactions to expanded risk considerations tied to portfolio turnover and trading activity.

Sources & verification

• SEC filing: Active S-1 amendment, available at https://www.sec.gov/Archives/edgar/data/2089855/000199937126005896/active-s1a_031626.htm
• Cointelegraph reporting on T. Rowe Price’s crypto ETF filing: https://cointelegraph.com/news/t-rowe-price-makes-surprising-filing-crypto-etf
• Related coverage on the SEC’s stance and disclosure debates: https://cointelegraph.com/news/sec-crypto-mom-simpler-disclosure-rules-flags-tokenization-debate
• ETF flows data referenced in industry coverage: https://www.coinglass.com/etf
• Historical market context and commentary from coverage on Bitcoin price and liquidity events: https://cointelegraph.com/news/19b-crypto-crash-200k-bitcoin-2025-finance-redefined

Key figures and next steps

The path forward for the T. Rowe Price Active Crypto ETF hinges on regulatory clarity and the ability to translate an expanded asset universe into a disciplined, cost-conscious, and transparent actively managed product. As more traditional institutions venture into crypto ETFs, investors can expect ongoing refinements in disclosure standards, custody arrangements, and risk management practices, all aimed at delivering regulated exposure to a market that remains volatile but increasingly integrated with conventional financial markets.

Polymarket users reportedly threatened to kill an Israeli journalist after his coverage of an Iranian missile strike in Israel apparently jeopardised a number of big-money wagers.

On March 10 Emanuel Fabian, a reporter for the Times of Israel, covered an Iranian missile strike outside of the city of Beit Shemesh as the war between the US and Israel, and Iran raged on.  

However, Fabian revealed today that his coverage was met with a barrage of demands, threats, and misinformation from apparent Polymarket users.

The first email he received, written in Hebrew, asked him to change his report to state that the “missile” was instead a fragment from one of Israel’s missile interceptors.

The email claimed this was the finding of the Beit Shemesh municipality and Israel’s national medical emergency body. However, rather than retract is report, Fabian, doubled down, clarifying that, based on reports from the Israeli military and footage of the strike, the incident involved a missile warhead and not interceptor fragments. 

Read more: Nigel Farage aide George Cottrell bets US war will last four more months

He continued to receive emails and messages from Discord and WhatsApp users asking him to make the same correction.

Fabian then noticed that multiple X accounts involved with Polymarket gambling were replying to his posts with similar correction demands. 

He deduced that his harassers were trying to resolve a bet on Polymarket, with $14 million worth of volume, that asked if Iran would strike Israel on March 10.  

The respondents appeared desperate for the strike to be classified as fragments of an interceptor, as that would resolve the market to “No.”

Polymarket users threatened to kill Israeli journalist

Five days after the missile struck, the demands became more threatening. 

One WhatsApp user named “Haim” threatened to kill Fabian unless he changed his reporting, and repeatedly gave him correction deadlines. 

“After you make us lose $900,000 we will invest no less than that to finish you,” one of Haim’s messages read.

Another said, “You are choosing to go to war knowing that you will lose your life as you’ve grown accustomed to it — for nothing.” 

Haim then began to list specific details related to Fabian’s family and home in another threat to his life.

Read more: Kalshi uses ‘death carve-out’ to avoid paying out on Ali Khamenei ousting

Shortly after Haim’s messages, someone posing as a lawyer rang Fabian and told him that he was now the subject of an investigation into his supposed Polymarket market manipulation. 

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Fabian ended the call and reported the situation to the police, who are now investigating his claims.

Fabian concerned journalists might be weak to Polymarket users

Fabian wrote, “The attempt by these gamblers to pressure me to change my reporting so that they would win their bet did not and will not succeed.” 

He worries, however, that “other journalists may not be as ethical if they are promised some of the winnings.” 

Indeed, he detailed how one of his colleagues from another publication was approached by someone asking him to encourage Fabian to change the details of the story. 

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Fabian informed them about the Polymarket bet, and his colleague confronted the individual, who admitted they’d placed a bet on Iran not being struck by Israel.

The confronted individual reportedly offered a cut of his winnings to Fabian’s colleague if they managed to convince Fabian to make the correction. 

At the time of writing, the Polymarket bet is still unresolved and is waiting for a final resolution from UMA, the platform’s oracle system which allows tokenholders to resolve disputes about various outcomes.

Read more: Are Polymarket and Kalshi decentralized?

It now has over $15 million in volume and has resolved to “Yes” twice in the past two resolutions.

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Prediction markets rife with insider trading

Fabian’s story offers a glimpse into the scale of insider trading on Polymarket and tactics employed by bettors to pressure people with the power to sway a market. 

Polymarket and Kalshi both host bets on the outcomes and potential for military action, as well as pop culture happenings and sports bets. 

Several large and timely bets made before military actions have prompted suspicions of rampant insider trading and leaking of confidential documents. 

Just last month, Israel’s government arrested one of its reserve soldiers and an associate of theirs in connection with a series of Polymarket bets that gambled on Israel striking Iran in 2025.

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The pair is suspected of using secret information to make the bets and, in the process, threaten the national security of Israel.

Protos has reached out to Fabian for comment and will update this piece should we hear anything back. 

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

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