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MemeCore Hard Fork Sends M Up 35% as Speculative Flows Extend to Maxi Doge Presale

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MemeCore hard fork is driving a sharp repricing in the meme coin segment, with its native M token up more than 35% over the past 24 hours to around $2.36. The move lifted M’s market cap above $3.1 billion, while daily trading volume more than doubled to $32.9 million, underscoring a broader return in speculative risk appetite across the category.

The immediate catalyst was operational rather than thematic. MemeCore completed the second and final stage of its blockchain upgrade yesterday, delivering a 100-fold reduction in gas fees and introducing account abstraction. In a sector where traders often chase momentum, infrastructure changes that materially improve cost and usability can quickly redirect capital.

That rotation is now extending beyond M itself. One of the clearest examples is Maxi Doge (MAXI), whose presale has raised more than $4.7 million and is nearing its $5 million target at a token price of $0.000281.

The MemeCore development team activated the final stage of the hard fork at 2am UTC yesterday. Gas fees dropped from 1,500 gwei to 15 gwei, a change that materially lowers friction for active traders, token launches, and on-chain meme coin activity. The upgrade also introduced account abstraction, tighter EVM compatibility and early Layer 2 scaling components.

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For node operators, the process required downloading the latest Go MemeCore Client version. For users and dApps, the transition was designed to be seamless.

The official MemeCore X account confirmed the fork and outlined its main changes.

Market reaction was immediate. M trading volume climbed by roughly 147% after the fork went live, although activity remains below the levels typically associated with a broader market breakout. On-chain data has started to recover from a recent slowdown, while price action has tested support around $2.25.

For traders, the main implication is straightforward: lower transaction costs can make meme-focused chains more viable for higher-frequency participation and for new token launches. That tends to benefit not only the underlying chain token, but also adjacent speculative plays drawing fresh attention.

Capital Rotation Reaches MAXI as Presale Nears $5 Million


Maxi Doge (MAXI) is among the projects seeing that spillover. The presale, which launched in July 2025, has maintained steady traction through its pricing stages and has now collected more than $4.7 million.

Maxi Doge (MAXI) is built around a high-risk trader persona, giving the token a clear identity within the meme coin market’s leverage-heavy culture. In the current environment, that positioning appears to be resonating as traders look for earlier-stage vehicles with stronger upside torque than more established meme assets.

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Momentum indicators are also visible in the campaign itself. The presale is approaching its $5 million target, while the project continues to use community-driven branding, staking incentives, and event plans to sustain attention.

Beyond branding, the project says staking rewards are already active through the presale smart contract, with a 66% APY currently on offer. The team is also planning community trading contests with prize distributions to top performers.

Maxi Doge has allocated 25% of total supply to a Maxi Fund intended to support visibility and liquidity after listing. Longer-term plans include partnerships with futures exchanges and gamified campaigns aligned with the project’s trading-focused identity.

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The setup leaves MAXI positioned as a higher-risk, higher-upside play on the same rotation, lifting interest in meme infrastructure. According to presale commentators such as Borch Crypto, the token could potentially deliver 100x returns, though such projections remain speculative. What is concrete for now is that the raise has passed $4.7 million, and the next presale price increase is due tomorrow.

How Traders Can Access the Maxi Doge Presale


Buyers can join the sale through the official Maxi Doge presale website by connecting a wallet through the project’s purchase widget and buying MAXI at the current $0.000281 price.

The widget supports ETH, BNB, USDT, and USDC, while bank card purchases are also available. Staking can be activated immediately after purchase, with the current rate set at 66% APY.

Mobile users can also access the sale through Best Wallet, available via the Apple App Store and Google Play, by using the app’s “Upcoming Tokens” tab. Tokens bought through Best Wallet will be claimable once the presale ends and exchange listings begin.

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For ongoing updates on pricing stages and community events, users can follow the Maxi Doge project on X and join the active Telegram group.

Visit Maxi Doge Token.

The post MemeCore Hard Fork Sends M Up 35% as Speculative Flows Extend to Maxi Doge Presale appeared first on Cryptonews.

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Bhutan Shifts 519.707 BTC Worth $36.8M to External Addresses as Holdings Drop 66% from Peak

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Crypto Breaking News

Key Takeaways

  • Bhutan’s state-owned investment arm, Druk Holding and Investments, transferred 519.707 BTC worth approximately $36.75 million to external addresses.
  • Total 2026 outflows from Bhutan’s Bitcoin treasury have now exceeded $152 million, with holdings falling from nearly 13,000 BTC in late 2024 to approximately 4,453 BTC, a 66% reduction.
  • Bhutan’s earlier pledge to allocate up to 10,000 BTC toward the Gelephu Mindfulness City project now faces significant headwinds.

The Royal Government of Bhutan moved another batch of Bitcoin from its sovereign treasury, transferring 519.707 BTC worth approximately $36.75 million to external wallets on Wednesday. The transaction spotted by Arkham Intelligence marks Bhutan’s third major Bitcoin movement in March alone and continues a pattern of steady, institutional-grade liquidations that has defined the kingdom’s crypto strategy in 2026.

A Quietly Depleting Holdings

The kingdom’s holdings have fallen roughly 66% from a late-2024 peak of about 13,000 BTC to 4,453 BTC, as larger March transactions replace the smaller $5 million to $15 million clips seen in January and February. Repeated transfers to Singapore-based QCP Capital suggest a structured over-the-counter selling arrangement.

The March activity has been the most intense yet. The latest 519.707 BTC transfer marks the wallet’s third large Bitcoin transaction in March, following $72 million moved in six separate transactions in the 24 hours leading up to March 18, and $11.8 million moved on March 9.

How Bhutan Built Its Treasury

Bhutan accumulated its cryptocurrency portfolio through government-operated hydroelectric mining facilities. Utilizing excess energy from hydropower plants meant mining costs were essentially negligible. Each Bitcoin sold represents nearly pure revenue for the state. The nation’s Bitcoin treasury reached its peak at approximately 13,000 BTC during late 2024.

As of March 12, Bhutan was the fifth-largest country by Bitcoin holdings, behind the US government, the United Kingdom’s government, El Salvador, and the United Arab Emirates Royal Group.

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The Gelephu Pledge Under Pressure

In December 2025, Bhutan unveiled a Bitcoin Development Pledge, committing up to 10,000 BTC to fund the Gelephu Mindfulness City, an ambitious special administrative region project. On January 8, 2026, the project announced plans to establish a strategic cryptocurrency reserve including Bitcoin, Ether, and BNB, signalling a diversified approach to digital assets within Bhutan’s long-term economic planning. With current holdings sitting well below 5,000 BTC, that original commitment faces significant headwinds.

Druk Holding and Investments has not issued a public statement about the transfers. That silence is consistent with how the kingdom has handled its entire Bitcoin program. With Bitcoin navigating geopolitical-driven volatility this week and a $3 billion long liquidation risk still active below $65,000, Bhutan’s steady offloading adds another layer of sell-side pressure that the market is quietly absorbing.

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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BTC slips below $69,000 as oil rebounds on fading Middle East peace hopes

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BTC slips below $69,000 as oil rebounds on fading Middle East peace hopes

Bitcoin slipped below $69,000 on Thursday as a broader pullback in risk assets gathered pace, with early optimism around Iran-U.S. peace and easing Middle East tensions fading.

The largest crypto lost more than 3% from its overnight high above $71,000, while major altcoins ether (ETH), XRP (XRP), Solana’s SOL (SOL) and Cardano’s ADA (ADA) plunged 4%-5% during the same period.

Oil prices remain the barometer for the broader market. Crude oil futures rose about 4%, reversing earlier declines and reinforcing concerns about inflation and supply disruptions tied to the Iran conflict.

U.S. stocks were at session lows just after noon on the East Coast, led by the Nasdaq’s 1.4% decline. Bond yields were sharply higher: the U.S. 10-year Treasury up 7 basis points to 4.40%, and the 10-year German Bund up 10.5 basis points to 3.06%.

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Notably, all Magnificent Seven stocks are now all off double digit percentages from their all-time highs, with NVIDIA (NVDA) down 18%, Meta (META) 30%, Amazon (AMZN) 20%, Alphabet (GOOG) 19%, Microsoft (MSFT) 34%, Tesla (TSLA) 25% and Apple (APPL) down 14%.

“Looking ahead, the near-term trajectory will likely remain tied to macro developments,” said Joel Kruger, market strategist at LMAX Group.

A clearer path toward de-escalation could push risk assets, including bitcoin, higher, he said, while continued uncertainty may leave them stuck in a choppy range.

Crypto-related stocks were posting major losses as well: Coinbase (COIN), Circle (CRCL) and Strategy (MSTR) were down 3%-4%.

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The sharpest losses came from bitcoin miners, nearly all of which are either in transition or have fully transitioned to being AI infrastructure plays and thus tied more to tech in general rather than crypto prices. Hut 8 (HUT) dropped 8.6%, while IREN (IREN) and Riot Platforms (RIOT) fell more than 7%. TeraWulf (WULF) and HIVE Digital (HIVE) also posted steep declines.

WhiteFiber (WYFI) shares fell 14% after its fourth quarter results showed worsening fundamentals, with a net loss widening to $1.5 million and a full-year loss of $24.7 million. The parent company of WhiteFiber, Bit Digital (BTBT), saw its shares down around 8%.

A few names bucked the trend, though. MARA Holdings (MARA) was up 8.7% after reporting the sale of $1.1 billion in bitcoin to pay down debt.

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Bitcoin (BTC) holds ground as precious metals slide on ETF outflows and liquidity strains, JPMorgan says

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What next for bitcoin as BTC nears $68,000 on fresh US-Iran tensions

Bitcoin is proving more resilient than traditional safe-haven assets as gold and silver come under pressure from outflows, positioning unwinds and deteriorating liquidity, according to Wall Street investment bank JPMorgan.

“The deterioration in liquidity conditions in gold has seen its market breadth
decline below that of bitcoin currently,” analysts led by Nikolaos Panigirtzoglou, wrote in the Wednesday report.

Bitcoin has shown relative resilience in recent weeks following the outbreak of war in Iran, even after a steep correction from its October all-time highs.

The cryptocurrency initially dropped sharply alongside broader risk assets, briefly falling into the low-$60,000 range and triggering large liquidations as investors rushed to de-risk amid geopolitical uncertainty.

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But the sell-off proved short-lived. Prices have since stabilized in the high-$60,000 to low-$70,000 range, even as tensions persist and oil prices surge above $100 a barrel.

The price action suggests bitcoin is behaving less like a pure safe haven in the immediate shock phase and more like a high-beta macro asset, selling off initially, then finding support as flows return and longer-term holders step in once panic subsides.

Gold has fallen roughly 15% month to date, reversing a crowded rally that pushed prices to record highs near $5,500 in January. Silver, which peaked near $120, has followed a similar path lower. JPMorgan analysts attributed the sell-off to rising interest rates, a stronger U.S. dollar and broad profit-taking by both retail and institutional investors.

Flows data reinforce the shift. Gold ETFs saw nearly $11 billion in outflows in the first three weeks of March, while silver ETF inflows built since last summer have been unwound, the report said. In contrast, bitcoin funds have continued to attract net inflows over the same period.

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Positioning data tells a similar story. JPMorgan’s proxy for institutional activity, based on Chicago Mercantile Exchange (CME) futures open interest, shows a sharp buildup in gold and silver exposure through late 2025 into early 2026, followed by a steep decline since January as investors cut positions. Bitcoin futures positioning, by comparison, has remained relatively stable in recent weeks.

Momentum signals also diverge. The bank noted that trend-following investors, such as Commodity Trading Advisors (CTAs), have aggressively reduced exposure to gold and silver, with indicators swinging from overbought to below-neutral levels. That positioning shift has likely amplified recent price declines. Bitcoin momentum, meanwhile, is recovering from oversold conditions toward neutral, suggesting selling pressure may be easing.

Liquidity conditions further highlight the divergence. Gold’s market breadth has deteriorated to the point where it now trails bitcoin, a reversal of the typical relationship. Silver’s liquidity has weakened further, with thinner market depth exacerbating recent price moves, the report added.

The world’s largest cryptocurrency was trading around $69,000 at the time of publication. Gold was trading around $4,450/oz, and silver $69/oz.

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Read more: Wall Street broker Bernstein calls bitcoin bottom, keeps $150,000 year-end target

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Coinbase Launches Crypto Mortgage Product Tied to Fannie Mae

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Coinbase Launches Crypto Mortgage Product Tied to Fannie Mae

Crypto exchange Coinbase Global has launched a mortgage structure with Better Home & Finance that lets qualified borrowers pledge digital assets held in Coinbase accounts to fund down payments on standard conforming mortgages designed in accordance with Fannie Mae guidelines.

According to Coinbase, the structure enables borrowers to pledge digital assets such as Bitcoin (BTC) or USDC (USDC) as collateral for a separate loan used to fund the down payment, while the primary mortgage remains a standard, Fannie Mae–backed loan. Better will originate and service the mortgages.

When rolled out, the new development could mark a shift in how crypto assets are used in US housing finance, extending their role from qualifying assets in underwriting to a more direct component of mortgage financing.

The news follows earlier regulatory signals to integrate crypto into mortgage frameworks. In June, the US Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to prepare proposals to recognize cryptocurrency as an asset in mortgage risk assessments without requiring conversion to US dollars.

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It also builds on a series of developments integrating crypto into home lending, with lenders like Newrez and Rate recently recognizing crypto holdings in underwriting, signaling a broader push to embed crypto across the mortgage stack.

Cointelegraph reached out to Fannie Mae for more information but did not receive a response before publication.

Pledging crypto for down payments comes with added risks

According to Coinbase, borrowers would take out a standard conforming mortgage while using a separate loan secured by crypto holdings to cover the down payment.

The setup allows buyers to retain exposure to digital assets, but replaces upfront cash with additional debt. 

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Related: Crypto mortgages in US face valuation risks, regulatory uncertainty

Coinbase said the model introduces constraints tied to pledged assets, with borrowers unable to trade collateral while it is locked.

The company said market volatility alone does not trigger margin calls as long as borrowers continue making payments, and mortgage terms remain unchanged once the loan is active.

The model also introduces new risks tied to the pledged assets. While price swings do not directly affect the mortgage, they may still influence borrower risk exposure and financial decisions over time.

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Lenders have been gradually integrating crypto into mortgage underwriting

The new development follows several US lenders that recently incorporated crypto assets into mortgage processes. 

On Jan. 17, loan servicer Newrez said it would allow borrowers to use BTC, Ether (ETH), crypto ETFs and stablecoins as qualifying assets in underwriting, without requiring liquidation. 

On Feb. 23, mortgage lender Rate launched its RateFi program, which allows verified crypto holdings to count toward reserves and, in some cases, income. However, borrowers are still required to convert their crypto into cash for down payments and closing costs. 

Ex-Congressman Ryan frames crypto as a housing tool

Ahead of the rollout, Cointelegraph’s Turner Wright spoke with former Ohio Representative Tim Ryan, a member of Coinbase’s advisory council who has focused on middle-class affordability, including housing.

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Ryan cast mortgage financing as a practical, real-world use case for crypto, arguing that digital assets can unlock wealth for early investors and help address one of the biggest barriers to homeownership — the down payment.

“Digital assets have a place for working-class people… all the way down to getting a home,” Ryan said. “To see the industry move into… the housing sector… is a really huge deal.”

Affordability remains a major challenge for US homebuyers. Despite slower activity tied to low inventory and elevated mortgage rates, the average home price still exceeded $405,000 in the fourth quarter.

The median home price has come down from its 2022 peak but remains elevated relative to incomes. Source: Federal Reserve Bank of St. Louis

A 20% down payment, often required to avoid private mortgage insurance, would still cost buyers more than $80,000, a hurdle that could be less challenging now for crypto investors.

Additional reporting by Sam Bourgi and Turner Wright.

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