Crypto World
On-Chain Commodity Trading Takes Root, Liquidity Remains a Hurdle
Onchain commodity trading is attracting sustained attention as a viable channel for macro risk exposure, yet the market still wrestles with liquidity gaps that keep it from fully rivaling traditional venues. A new milestone for Hyperliquid’s HIP-3 market shows the trend toward broader onchain adoption, while observers flag key bottlenecks that could determine whether this momentum endures.
Key takeaways
- HIP-3 posted an all-time volume high on March 23, with about $5.4 billion in perpetual futures across commodities and macro assets, according to Artemis Analytics. Silver led the pack with roughly $1.3 billion in activity, followed by WTI crude ($1.2B), Brent ($940 million) and gold ($558 million).
- Traders are increasingly seeking macro-style exposure onchain. The shift isn’t limited to crypto-native participants; traditional finance actors are entering via personal accounts, expanding weekend and off-hours participation.
- Price discovery onchain is gaining traction during weekend and after-hours periods, but liquidity depth and price reliability on onchain venues remain weaker than centralized traditional exchanges.
- Liquidity depth, tighter spreads and clearer regulatory frameworks remain the main hurdles for broader institutional participation, according to market observers.
- The onchain macro narrative is expanding beyond commodities, with market participants anticipating broader asset classes to follow the same weekend-discovery dynamic as volatility shifts.
Onchain activity hits new highs as macro exposure gains traction
Data from Artemis Analytics shows a clear spike in onchain macro trading, centered on Hyperliquid’s HIP-3 market. On March 23, HIP-3 recorded a fresh all-time high, tallying roughly $5.4 billion in perpetual futures volume that spanned commodities and macro assets. The standout drivers were silver, oil and gold, with silver accounting for about $1.3 billion, West Texas Intermediate (WTI) crude around $1.2 billion, Brent crude at $940 million, and gold near $558 million. Equity indices, including the Nasdaq and S&P 500, also reflected notable flow on the platform.
Industry participants describe the surge as a signal not merely of higher trading activity, but of shifting intent: more market participants are seeking real-time, onchain access to macro trends. “Previously, onchain commodity futures were mostly a venue for crypto-native investors; that is no longer the whole story,” said Iggy Ioppe, chief investment officer at Theo. “The real tell isn’t just the volume; it’s who is trading and when they show up.”
“The real tell is not just the volume, it’s when the volume shows up and who is showing up to trade.”
— Iggy Ioppe, chief investment officer at Theo
Ioppe emphasized that onchain oil futures markets are now processing more than $1 billion in daily volume over weekends, a period when traditional exchanges are closed. He attributed part of the shift to individual traders from traditional finance who are accessing these markets via personal accounts. “Geopolitics does not stop on Friday afternoon, and markets are starting to adapt to that fact,” he observed.
In a broader sense, the data underscore a larger trend: traders are becoming more comfortable accessing macro-style exposure onchain, with gold and oil leading the development. While the current wave is anchored by commodities, observers anticipate similar patterns proliferating into other asset classes as volatility evolves.
Weekend price discovery creates a notable edge for onchain venues
A defining characteristic of onchain trading, according to industry voices, is the ability to operate around the clock. With an approximately 49-hour gap between the close of traditional markets on Friday and their Sunday reopening, decentralized platforms have become among the few places where traders can respond to macro developments in real time. This dynamic is already influencing how prices are formed beyond regular trading hours, even though traditional venues still provide the lion’s share of liquidity.
“Onchain is the price discovery layer when the rest of the market is asleep. TradFi remains the depth layer when size matters most,” said Sergej Kunz, co-founder of 1inch. The contrast highlights a structural gap: while onchain venues can react instantly to headlines, the ability to execute large trades without slippage still hinges on deeper liquidity and tighter spreads available in traditional venues.
Comparisons to established markets illustrate the scale difference. On the CME, crude oil futures regularly trade between 1 million and 4.5 million contracts daily, translating to roughly $100 billion to $300 billion in notional volume. These figures reflect the vast depth and execution quality that onchain platforms have yet to match on a practical, institutional scale.
Liquidity depth and market structure: the remaining hurdles
Even as weekend and off-hours activity gains traction, liquidity depth remains a central constraint for broader adoption. Experts point to two intertwined challenges: pricing reliability and market structure maturity. “Traditional venues still dominate when it comes to liquidity, execution quality, and institutional-scale pricing depth,” noted Sergej Kunz. He argued that unless onchain venues offer materially deeper liquidity and tighter spreads, sizable trades risk moving prices unfavorably and deterring large players.
Shawn Young, chief analyst at MEXC Research, added that while there are signs of behavioral shifts—more traders seeking macro exposure onchain—gaps in liquidity and price aggregation persist. He cautioned that commodity tokenization represents a real, but early-stage, development that will require maturation in pricing, data quality and regulatory clarity before it becomes a steady alternative to legacy markets.
Beyond commodities: a broader onchain macro narrative
Despite early-stage constraints, the trajectory appears to point toward broader macro participation onchain. Kunz framed it as a larger trend: “The broader direction is clear: traders are becoming more comfortable accessing macro-style exposure onchain.” While gold and oil currently dominate the flow, industry observers expect analogous patterns to emerge across other asset classes as market volatility continues to evolve.
As weekend pricing gains legitimacy and trust in onchain price formation grows, more market participants—especially those who already trade in traditional markets—may begin to rely on onchain venues for off-hours exposure. This could gradually contribute to higher open interest and more robust price discovery over time, reinforcing a feedback loop that strengthens the credibility of onchain valuations.
For now, the line between onchain and traditional markets remains clearly drawn: the former offers around-the-clock access and rapid reaction to macro events, while the latter provides depth, reliable execution, and institutional pricing power. Observers say continued progress will depend on improving liquidity, refining price aggregation, and navigating evolving regulatory expectations.
Related coverage from industry reporting highlights emerging milestones like S&P Dow Jones’ licensing of S&P 500 perpetuals for Hyperliquid, signaling growing mainstream engagement with onchain derivatives. As the landscape evolves, market participants will be watching whether expanded weekend activity and broader macro exposure onchain translate into lasting open interest gains and deeper liquidity across asset classes.
For readers tracking the trajectory of onchain futures, Artemis Analytics remains a key data touchstone for measuring volume and asset mix. The latest data point—an all-time HIP-3 high—suggests growing demand for onchain macro exposure even as questions about liquidity depth, price reliability and regulatory clarity continue to shape the conversation about how soon onchain venues can mature into viable, full-scale competitors to traditional exchanges.
What comes next will hinge on whether onchain platforms can translate weekend and after-hours momentum into sustained liquidity and tighter pricing, and whether institutional participants increasingly trust onchain pricing during times when TradFi is open and active. In the near term, observers will closely watch how other asset classes respond to the ongoing push for macro exposure onchain and whether the weekend price formation dynamic broadens beyond metals and energy.
TLDR:
- Gnosis and Zisk launched the EEZ at EthCC Cannes, co-funded by the Ethereum Foundation in March 2026.
- The EEZ framework enables synchronous composability between Ethereum mainnet and connected L2 rollups.
- Zisk’s real-time ZKVM can prove Ethereum blocks instantly, making cross-rollup composability technically viable.
- Founding members include Aave, Titan, Beaver Build, Centrifuge, and xStocks under a Swiss non-profit structure.
Gnosis co-founder Friederike Ernst and Zisk founder Jordi Baylina unveiled the Ethereum Economic Zone (EEZ) at EthCC in Cannes on Sunday.
The initiative, co-funded by the Ethereum Foundation, introduces a rollup framework enabling synchronous composability between Ethereum’s mainnet and connected Layer 2 networks.
Founding members include Aave, block builders Titan and Beaver Build, real-world asset platform Centrifuge, and tokenized equities project xStocks.
EEZ Targets Ethereum’s Growing Fragmentation Problem
The Ethereum Economic Zone is built to solve a persistent issue in the ecosystem. Each new L2 chain that launches creates its own liquidity pool and bridge, effectively walling off users and assets. Ernst addressed this directly during the announcement in Cannes.
“Ethereum doesn’t have a scaling problem. It has a fragmentation problem,” Ernst said. “Every new L2 that launches with its own liquidity pool and its own bridge is another walled garden.”
The EEZ framework allows smart contracts on connected rollups to call contracts on mainnet. These calls carry the same guarantees as if they were deployed on Ethereum itself. ETH serves as the default gas token, and no additional bridging infrastructure is required.
As reported by The Block in 2024, a new Ethereum L2 was appearing roughly every 19 days. The Block’s 2026 L2 outlook further noted that most new chains became ghost towns after incentive cycles ended. Activity concentrated around a small number of ecosystems, while fragmentation deepened.
The EEZ enters a competitive field of interoperability efforts. Optimism’s Superchain, Polygon’s AggLayer, and the Ethereum Foundation’s own Interop Layer — unveiled in November 2025 — are all pursuing similar goals. The =nil; Foundation is also working on a zkSharding-based approach to chain coordination.
Real-Time ZK Proving Powers the Technical Case
What sets the EEZ apart, according to its founders, is real-time zero-knowledge proving. Baylina created the Circom programming language and co-founded Polygon zkEVM before spinning off his team into Zisk last June. His proving stack is the core enabling technology behind the framework.
Baylina made a direct case for the technology’s maturity during the EthCC presentation. “We spent two years building a ZKVM that can prove Ethereum blocks in real time,” he said.
“Synchronous composability between rollups isn’t theoretical anymore.” This positions the EEZ as technically distinct from competing interoperability proposals.
GnosisDAO governance records from February 2026 show the community had already been debating a six-month R&D collaboration with Baylina.
The goal was to explore converting Gnosis Chain into a natively integrated Ethereum L2. The EEZ appears to be the direct product of that process.
The Ethereum Foundation’s decision to co-fund the project is notable given its recent spending cuts. The Foundation paused its open grants program in mid-2025 and trimmed its burn rate to around 5% per year.
Co-executive directors Hsiao-Wei Wang and Tomasz K. Stańczak have named L2 interoperability as a priority, making the EEZ a natural fit. The project will be structured as a Swiss non-profit, with all software released as free and open-source.
Morgan Stanley just priced its upcoming spot Bitcoin ETF at a record-low 0.14%, undercutting both Grayscale and BlackRock. With 16,000 financial advisors managing $6.2 trillion now fully incentivized to recommend Bitcoin, a massive institutional fee war is brewing.
While this makes Bitcoin cheaper for millions, compressing margins on an established asset won’t deliver a 100x return. True asymmetric upside happens during price discovery.
That is exactly why aggressive, crypto-native investors are securing their allocations in DeepSnitch AI. You have exactly two days until the March 31st DeepSnitch AI presale launch date arrives.
Morgan Stanley sets 0.14% Bitcoin ETF fee
Morgan Stanley just filed for a spot Bitcoin ETF with a market-crushing 0.14% fee. By directly undercutting titans like BlackRock, they are weaponizing their 16,000 financial advisors to push Bitcoin to $6.2 trillion in client assets without any fee conflicts.
This impending fee war will make Bitcoin ownership significantly cheaper overnight. However, while institutional adoption mainstreams the asset, it primarily compresses margins, it doesn’t create a 100x opportunity.
True asymmetric upside now migrates to early-stage intelligence platforms like DeepSnitch AI, capturing the explosive growth that conservative wealth management advisors will never approve for a client portfolio.
Top 3 cryptocurrencies to buy in 2026
DeepSnitch AI
Morgan Stanley’s 16,000 advisors are preparing to recommend Bitcoin ETFs to their $6.2 trillion client base. While this massive distribution event makes Bitcoin ownership highly accessible, it will not deliver a 100x return. Institutional adoption stabilizes assets; it doesn’t exponentially multiply them.
DeepSnitch AI (DSNT) is built for investors who demand more than a safe, fee-optimized ETF recommendation. While Wall Street builds distribution channels for assets the market already understands, DeepSnitch’s five specialized AI agents hunt for early-stage, high-potential projects that conservative compliance departments will never approve.
This platform completely closes the retail information gap. From a single, unified dashboard, investors can evaluate complex project risks, track hidden whale activity, and position themselves ahead of major market moves. You essentially gain a tireless, institutional-grade research assistant surfacing opportunities before they ever make mainstream headlines.
Currently priced at $0.04669, DSNT has attracted serious attention from analysts projecting massive upside upon its public launch. True wealth generation in crypto requires discovering utility before the masses do, and DeepSnitch AI delivers exactly that.
With the DeepSnitch AI presale launch date hitting on March 31st, this ground-floor entry opportunity is rapidly closing.
Hyperliquid
Hyperliquid traded near $38.27 on March 27, flashing two severe technical warnings that converge on a highly bearish near-term setup. The ultimate danger lies at the $35.03 support level.
A massive $27.36 million in long liquidations is stacked precisely at $35.03. Because the zone between $38 and $35 is dangerously thin, the price could easily slice through with zero friction, triggering a devastating cascade of forced closures.
Furthermore, a confirmed double top projects a brutal 37% collapse toward $21.64 unless bulls can urgently reclaim $38.80 to stabilize the structure.
While Hyperliquid traders nervously pray their support levels hold, DeepSnitch AI (DSNT) offers a fundamentally different setup. With the $0.04669 presale price definitively closing on March 31st, DSNT’s asymmetric upside doesn’t require a technical floor to survive.
Pi Network
Pi Coin traded near $0.178 on March 27, pressing against the 0.236 Fibonacci resistance at $0.189. Alarmingly, on-chain indicators are mirroring the exact sequential decline that triggered a brutal 38% collapse in December 2025.
The Chaikin Money Flow (CMF) is the most glaring warning. After peaking near 0.30 in mid-March, it has plunged to -0.11, perfectly echoing the December crash before CMF bottomed out.
With the Money Flow Index (MFI) declining at 35.23, history shows that oversold conditions might not trigger a reversal. A confirmed double top projects a 33% decline toward Pi’s $0.130 all-time low unless bulls can urgently reclaim $0.210.
Closing thoughts
Morgan Stanley just slashed its upcoming Bitcoin ETF fee to a record-low 0.14%. With 16,000 advisors managing $6.2 trillion in assets, this massive distribution milestone makes Bitcoin cheaper for millions. But let’s be candid, institutional stabilization won’t deliver a 100x return.
DeepSnitch AI offers a fundamentally different opportunity. At $0.04669, its live AI dashboard is already helping retail investors track whale movements and audit contracts.
While Wall Street optimizes fees for legacy assets, DeepSnitch democratizes institutional-grade intelligence for the masses. You have exactly two days before the DeepSnitch AI presale launch date on March 31st permanently closes this ground-floor opportunity.
Visit the official DeepSnitch AI website, join Telegram, and follow on X for more updates.
FAQs
When is the DeepSnitch AI launch date, and what price are analysts projecting post-listing?
The DeepSnitch AI presale launch date is March 31st on Uniswap, hours away. Analysts project a 100x move to $4, with $2.6M raised and 210% presale gains already locked in.
Why does the DeepSnitch AI listing date matter more than Morgan Stanley’s Bitcoin ETF fee war?
Morgan Stanley’s 0.14% fee makes Bitcoin ETF ownership marginally cheaper for $6.2 trillion in wealth management assets. The DeepSnitch AI presale launch date offers 100x potential from a live platform that finds the early-stage opportunities Morgan Stanley’s advisors will never recommend.
What should investors secure before the DeepSnitch AI release date closes the presale window permanently?
Entry at $0.04669 with active bonus codes, five live AI agents already running in real market conditions, and a Uniswap listing hours away. After the DeepSnitch AI presale launch date, the only entry point is the open market, and it will not look anything like what is available right now.
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.
Crypto World
Pendle Joins Wall Street Giants to Shape Vietnam’s International Financial Center Future
TLDR:
- Pendle’s TN Lee represented DeFi alongside Wall Street giants at Vietnam’s Deputy Prime Minister meeting in New York.
- Vietnam is building sandbox models for both permissioned and permissionless tokenized assets to attract global capital.
- Tokenized bonds, ETFs, and private credit were central to discussions about Vietnam’s emerging financial infrastructure.
- Pendle’s inclusion signals DeFi protocols now hold a credible seat at the highest institutional financial policy tables.
Pendle joined some of Wall Street’s most powerful institutions to shape Vietnam’s financial future. TN Lee represented the protocol in New York alongside Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, and Anchorage Digital.
The delegation met with Vietnam’s Deputy Prime Minister to discuss the country’s ambitions for an International Financial Center. The meeting positioned Pendle as a credible voice for decentralized finance at the highest institutional levels.
Wall Street and DeFi Unite Around Vietnam’s Tokenization Potential
Pendle’s inclusion in the New York delegation alongside Wall Street’s biggest names was far from accidental. Vietnam’s leadership deliberately assembled a group spanning both traditional finance and emerging digital asset sectors.
The goal was to build a comprehensive case for Vietnam as a next-generation financial hub. That mix of institutions signals a broad and serious commitment to the country’s financial development.
TN Lee spoke directly to Vietnam’s potential as a market for tokenized bonds, ETFs, and private credit. As noted by @pendle_fi, Lee also made a strong case for the depth of talent Vietnam has to offer.
These points landed before an audience of institutional heavyweights rarely found in the same room as DeFi protocols. The moment reflected how significantly the tokenization conversation has shifted within mainstream finance.
Vietnam’s government is actively constructing the regulatory infrastructure to match its ambitions. Sandbox models covering both permissioned and permissionless assets are currently on the table.
That dual approach reflects a measured yet forward-thinking posture toward digital financial markets. Wall Street institutions present in the room clearly responded to this structured regulatory direction.
The meeting also reinforced that Vietnam is not simply watching the tokenization trend from a distance. Its leadership is making deliberate and targeted moves to attract global financial partners.
Bringing together Deutsche Bank, BlackRock, and Pendle under one policy conversation shows the breadth of that strategy. Each institution brings a different layer to what Vietnam is trying to build.
Pendle Positions Itself as DeFi’s Voice in Institutional Finance Discussions
Pendle’s seat at the table alongside Wall Street giants marked a turning point for DeFi’s role in formal financial policy. Traditional institutions have long dominated these high-level government discussions, without representation from blockchain.
That dynamic shifted visibly in New York when TN Lee addressed Vietnam’s Deputy Prime Minister directly. It established Pendle not just as a participant but as an advocate for the entire DeFi sector.
According to @pendle_fi, the protocol views Vietnam’s brightest days in decentralized finance as still ahead. That long-term perspective aligns with how Wall Street institutions typically approach emerging market opportunities.
Pendle is not entering Vietnam for short-term positioning but for sustained strategic involvement. This approach mirrors the patient capital mindset that major financial institutions bring to frontier markets.
Vietnam’s talent base emerged as a recurring point throughout the delegation’s discussions in New York. Skilled professionals across blockchain, finance, and technology are already driving adoption within the country.
That human capital argument carries significant weight with institutions assessing long-term market viability. Wall Street partners look beyond regulation to the people who will ultimately build and operate these systems.
Moving forward, the sandbox frameworks Vietnam develops will determine how quickly tokenized products reach the market. Pendle is already embedded in that process as an early and active participant.
Its presence alongside Morgan Stanley, Franklin Templeton, and Anchorage Digital has set a clear precedent. DeFi protocols can and will play a role in shaping the financial infrastructure of tomorrow’s emerging markets.
The Canadian government has moved to formally ban political donations made in crypto.
Filed March 26 as part of Bill C-25, the amendment to the Canada Elections Act aims to permanently close potential channels for untraceable foreign funding.
Canada Proposes Severe Penalties Up to $100,000 for Defaulters
The legislation prohibits cryptocurrency contributions for partisan activities, advertising, and election surveys. The ban is also being extended to money orders and prepaid payment products due to traceability concerns.
“No chief agent of a registered party, financial agent of a registered association, official agent of a candidate or financial agent of a nomination contestant or leadership contestant shall accept a contribution that is in the form of [digital assets],” the filing stated.
The ban blankets the entire political ecosystem, including parties, associations, candidates, leadership campaigns, and third parties.
Under the new rules, political agents must return any cryptocurrency donation to the contributor or destroy the asset within 30 days.
If the assets cannot be returned, third parties are required to liquidate them into fiat currency and surrender the funds to the chief electoral officer, who will then forward the amount to the Receiver General for Canada.
The penalties for noncompliance are severe. Violators who knowingly accept crypto donations face fines reaching twice the value of the offending contribution. Corporations involved in these activities face an even stiffer penalty: an automatic $100,000 fine in addition to the double-value penalty.
Meanwhile, Canada’s policy shift is not occurring in a vacuum. The legislation closely mirrors a recent UK government move to ban cryptocurrency donations to political parties.
These countries’ moves stand in stark contrast to the United States, where the crypto lobby has entirely financialized the political landscape.
The US crypto industry has already deployed over $273 million to influence the outcome of the forthcoming midterm elections, according to data tracked by Follow The Crypto.
The divergence highlights a fundamental difference in political mechanics. In the US, crypto heavyweights like Coinbase and the Fairshake super PAC are using their corporate war chests to run sophisticated ad campaigns backing pro-crypto candidates.
If passed, Bill C-25 ensures Canada’s electoral system will remain firmly insulated from the digital asset arms race currently defining its southern neighbor.
The post Canada Moves to Shut Crypto Out of Election Financing appeared first on BeInCrypto.
Crypto World
Linea Ends Direct EVM Arithmetization, Moves to RISC-V to Match Ethereum’s Proving Roadmap
TLDR:
- Linea’s shift to RISC-V reduces instruction complexity from EVM’s full opcode set to roughly 40 instructions.
- Every Ethereum hard fork previously forced complete rewrites of Linea’s ZK constraint modules under the old system.
- RISC-V enables Type-1 Ethereum compatibility automatically through standard compiler tooling, replacing manual constraint work.
- Linea retains zkC, Vortex, and Arcane in the new stack, preserving years of cryptographic research and production experience.
Linea, the Ethereum Layer 2 network developed by ConsenSys, is transitioning from direct EVM arithmetization to a RISC-V-based proving architecture.
The team spent three years building one of the most rigorous ZK proving systems in production. That work produced a 1,000-page specification that became an ecosystem reference.
However, the approach created maintenance challenges that slowed progress. The move to RISC-V marks a strategic reset focused on performance, modularity, and Ethereum alignment.
A Simpler Instruction Set Changes Everything
The EVM operates with a complex, dynamic state model that is difficult to translate into mathematical constraints. RISC-V, by contrast, offers approximately 40 instructions and 32 registers.
That simplicity makes traces narrower and allows the prover to start working on proof chunks immediately. The performance gains are structural, not incremental.
Every Ethereum hard fork previously required complete rewrites of Linea’s constraint modules. That maintenance burden consumed significant research capacity.
The team was managing complexity instead of advancing cryptographic performance. Switching to RISC-V removes that cycle entirely.
Type-1 Ethereum compatibility was another major obstacle under the old architecture. Achieving it required implementing Keccak, RLP, and the Merkle Patricia Trie manually inside constraints.
With RISC-V, a standard EVM client compiles directly to a RISC-V binary, and the compiler handles compatibility automatically.
Linea’s cryptographic researcher Alexandre Belling presented the transition at the eth_proofs conference. As Linea posted on X, the team is moving toward “true modularity,” where every layer can be independently benchmarked, audited, or replaced. That was not achievable with the tightly coupled system previously in use.
The Ethereum Foundation has also committed to RISC-V as part of its proving layer roadmap. Linea cited this as a deciding factor. Continuing on the previous path would have meant diverging from Ethereum’s long-term technical direction.
What Carries Forward Into the New Stack
Linea is not discarding years of work. The team’s constraint-native language, zkC, will be used to write the RISC-V virtual machine. Vortex and Arcane, which handle proving and aggregation, are architecture-independent and transfer directly.
Formal verification is being built into the new system from the start. Constraints are being designed for export to tools like Lean. That approach makes the stack auditable by a much wider audience than before.
Linea also retains full-stack ownership across its infrastructure. That includes the Besu execution client, the Maru consensus layer, the ZK prover, and the gateway. No critical third-party dependencies exist in the architecture.
As Linea noted in a follow-up post on X, direct EVM arithmetization was “difficult to audit without deep cryptographic expertise.”
RISC-V is widely taught, well documented, and supported by a growing developer ecosystem. The shift makes the proving stack accessible beyond Linea’s internal team.
The transition positions Linea as an early mover in a space where the broader Ethereum ecosystem is now converging.
Years of production proving experience now apply to a simpler, faster architecture. The team has indicated more technical details will follow in the coming weeks.
Developers from Gnosis and Zisk, with backing from the Ethereum Foundation, have proposed a new framework aimed at unifying Ethereum’s fragmented layer-2 ecosystem by enabling rollups to interact seamlessly with each other and the mainnet in a single transaction.
According to an announcement shared with Cointelegraph, the proposed “Ethereum Economic Zone” (EEZ) would allow smart contracts on different rollups to execute synchronously across networks without relying on bridges.
The initiative targets a key trade-off in Ethereum’s scaling strategy, where dozens of layer-2 networks have improved throughput but split liquidity, infrastructure and user activity across separate environments.
If implemented, the framework would let applications share infrastructure across rollups while settling back to Ethereum, reducing duplication and the need for cross-chain transfers.
The project is being developed together with Ethereum researchers and industry participants, with early contributors including infrastructure providers and DeFi protocols exploring a shared standard for interoperable rollups.
Technical details and performance benchmarks are expected in the coming weeks as the group begins outlining how the framework would be implemented and adopted across the broader Ethereum ecosystem.
The proposal also introduces an “EEZ Alliance,” a group of ecosystem participants seeking to coordinate standards and support adoption as Ethereum’s scaling architecture continues to evolve.
Gnosis is an early Ethereum infrastructure developer. Zisk is a zero-knowledge proving project led by Polygon zkEVM creator Jordi Baylina.
Related: Bitcoin’s quantum-resistance lag may become Ethereum’s bull case: Nic Carter
Ethereum’s rollup model sparks debate over fragmentation and scaling
The proposal comes amid an ongoing debate within the Ethereum community over the trade-offs of its rollup-centric roadmap. While layer-2 networks have expanded the ecosystem’s capacity, they have also split liquidity and user activity across separate environments.
Data from L2BEAT shows more than 20 active layer-2 networks securing nearly $40 billion in total value, with liquidity distributed across networks such as Arbitrum, Base and Optimism. Rather than consolidating activity, Ethereum’s scaling model has created a landscape of parallel execution environments.
Ethereum co-founder Vitalik Buterin has raised concerns about the design of some layer-2 networks, pointing to centralized sequencers and trusted bridging mechanisms as potential weak points.
“The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin said in a Feb. 3 X post, indicating the ecosystem may need to rethink how rollups contribute to Ethereum’s scaling model.
Buterin’s comments drew mixed reactions from layer-2 builders, reflecting a divide over the future role of rollups.
Karl Floersch, co-founder of Optimism, acknowledged that L2s must evolve beyond simple scaling, citing ongoing technical limitations, while Steven Goldfeder, co-founder of Offchain Labs, the developer behind Arbitrum, argued that scaling remains a core function as rollups continue to handle higher transaction throughput than Ethereum itself.
Magazine: Nobody knows if quantum secure cryptography will even work
TLDR:
- Nakamoto Inc. stock dropped 99.38%, falling from a peak of $34.77 to just $0.226 per share.
- The company raised over $740M to buy 5,398 BTC at an average price of around $118,000 per coin.
- Unrealized Bitcoin losses reached roughly $280M as prices pulled back from the company’s buy levels.
- A related-party deal issued 363.6M new shares, nearly doubling share count and deepening investor losses.
Nakamoto Inc. (NAKA) has lost nearly all its market value after a series of financial moves tied to its Bitcoin treasury strategy.
The stock, formerly trading under KindlyMD, peaked at $34.77 in May 2025. It now trades at just $0.226. The company raised over $740 million to accumulate Bitcoin at near-cycle highs. The result has been a 99.38% decline and roughly $23.6 billion in erased shareholder value.
How the Bitcoin Buying Strategy Led to Heavy Losses
Nakamoto Inc. rebranded in early 2026 under CEO David Bailey as a Bitcoin treasury company. The company modeled its approach after MicroStrategy’s well-known Bitcoin accumulation strategy. However, the execution raised concerns from the start.
The company raised capital through share dilutions and convertible notes to fund its Bitcoin purchases. It acquired 5,398 BTC at an average price of approximately $118,000 per coin. As Bitcoin pulled back from those levels, the position moved deeply into the red.
The company now sits on roughly $270 million to $280 million in unrealized losses. Those losses reflect the gap between the average purchase price and current Bitcoin market prices. The timing of the purchases proved costly for shareholders.
Bailey publicly dismissed criticism of the company’s direction. He described outside concerns as noise and maintained confidence in the strategy. Meanwhile, shareholders continued to absorb the financial weight of those decisions.
Related-Party Deals and Share Dilution Deepen the Damage
Beyond Bitcoin losses, a separate transaction drew further scrutiny. Nakamoto used its already-depressed stock to acquire BTC Inc. and UTXO Management. Both companies were also founded by Bailey himself.
The deal issued 363.6 million new shares to complete the acquisition. That issuance nearly doubled the total share count in a single transaction. Existing shareholders saw their stakes reduced significantly as a result.
Short seller Jim Chanos publicly described the transaction as “Theater of the Absurd.” His comment drew attention to the related-party nature of the deal. The transaction benefited entities closely connected to the CEO.
The combination of Bitcoin losses and aggressive dilution created a compounding effect on the stock. Each move reduced shareholder value further. Together, they contributed to one of the sharpest corporate stock declines in recent crypto history.
The Nakamoto Inc. case has drawn attention across the crypto investment community. It raises questions about governance, timing, and the risks of replicating Bitcoin treasury models. Not every company that adopts this approach will produce the same results as MicroStrategy.
Crypto World
DeepSnitch AI’s 210% Rally Ahead of Launch as XRP Triangle Breaks & Ethereum Slips Below $2K
In the largest crypto news, Bitcoin ETFs just logged $171 million in single-day outflows as institutions hedged weekend geopolitical risks, dragging Bitcoin below $70,000. Yet, with March net inflows still at $1.36 billion, institutions are tactically repositioning.
Retail traders typically lack the tools to see these shifts coming. DeepSnitch AI is designed to close this critical information gap.
Raising $2.6 million through market turbulence and securing 210% presale gains, DSNT provides the real-time intelligence that everyday investors need to stay ahead. The March 31st Uniswap listing is just two days away. The opportunity to secure your position is closing fast.
Bitcoin ETFs log biggest outflows in 3 weeks
In the latest crypto news, US spot Bitcoin ETFs just suffered $171 million in single-day outflows as institutions tactically hedged against weekend geopolitical risks in the Middle East. This pre-emptive de-risking dragged Bitcoin below $70,000.
However, the underlying institutional bid remains fiercely intact. With March net inflows still a massive $1.36 billion positive, smart money is actively buying the dip rather than abandoning the asset, showing incredible resilience despite a 46% correction from the $126,198 all-time high.
While institutions use prime brokerage tools to seamlessly reposition during chaos, retail traders are often left reacting too late. DeepSnitch AI closes this gap, surfacing real-time sentiment shifts and whale movements so you can position ahead of the crowd.
Top 3 cryptocurrencies to buy amid today’s crypto news
DeepSnitch AI
When institutions need to hedge weekend geopolitical risk, they don’t guess – they utilize multi-million-dollar prime brokerage infrastructure to instantly reposition, triggering events like the recent $171 million in Bitcoin ETF outflows. Retail traders, however, usually rely on lagging headlines, only realizing a massive market move occurred after they are already on the wrong side of the trade.
DeepSnitch AI (DSNT) was built specifically to close this institutional information gap. With the March 31st Uniswap launch just two days away, the final presale opportunity at $0.04669 is rapidly shutting down. The $2.6 million raised is driven by real, active utility.
While the community is enthusiastically projecting 300x to 1000x returns post-launch, it is important to ground our expectations in reality: more than 100x is almost impossible in a bear market. For now, the project’s sustainable value is its live technology.
As the masses scramble during market corrections, DSNT’s five live AI agents run continuously. Accessible without any technical expertise, they identify breakout tokens, audit smart contracts for hidden risks, and track real-time sentiment shifts before prices react. Institutions have Bloomberg terminals to navigate chaos; everyday investors now have DeepSnitch AI.
XRP
XRP traded near $1.34 on March 27 with a precarious technical setup. Its ascending triangle just invalidated, exposing targets at $1.27 amid a highly fragile futures market.
However, the fundamental picture is staggering: whales are sustaining $9 million in daily accumulation, their longest streak since early 2025.
While XRP whales quietly accumulate, the presale market’s strongest signal is even clearer.
DeepSnitch AI (DSNT) has raised $2.6 million amid extreme market fear for an intelligence product that traders already use daily.
Ethereum
Ethereum broke below the $2,000 psychological support on March 27, trading near $1,975 and triggering over $111 million in long liquidations. With the 50-day SMA shattered, the path of least resistance remains strictly downward.
The structural demand picture is concerning. Ether’s Apparent Demand hit a 16-month low, and spot ETFs have suffered seven consecutive days of outflows totaling $391.8 million.
While Ethereum’s recovery thesis requires a massive reversal in institutional flows, DeepSnitch AI (DSNT) does not. With its March 31st Uniswap listing just two days away, DSNT’s launch is definitively fixed, regardless of broader market conditions.
Closing thoughts
The macro environment is doing what it always does: creating chaos. Bitcoin ETFs saw $171 million in single-day outflows over geopolitical fears, XRP’s triangle just invalidated, and Ethereum broke $2,000 amid continuous ETF bleeding. This turbulence triggers liquidations and leaves retail traders scrambling for clarity.
DeepSnitch AI (DSNT) was built for exactly this. Information asymmetry costs traders money daily; survival depends on seeing shifts before they happen. Raising $2.6 million straight through a 46% Bitcoin correction and global panic, DSNT provides five live AI agents tracking real-time sentiment, whale movements, and contract risks.
The March 31st Uniswap listing is exactly 48 hours away. Secure your intelligence edge before the open market takes over.
Visit the official DeepSnitch AI website, join Telegram, and follow on X for more updates.
FAQs
What is the biggest crypto news today as Bitcoin ETFs log their largest outflows in three weeks?
US spot Bitcoin ETFs shed $171M Thursday on Middle East military deployment fears, yet March inflows remain $1.36B positive, signaling institutional repositioning rather than structural exit. The retail investors who can read those moves before prices react are the ones who position ahead of the crowd. That is the gap DeepSnitch AI closes.
What does today’s crypto news reveal about XRP and Ethereum’s near-term price outlook?
XRP’s ascending triangle invalidated with $1.27 as the next target, though sustained whale accumulation at $9 million per day since February 27 provides the strongest fundamental signal in that market. Ethereum broke $2,000 with apparent demand at a 16-month low and seven consecutive ETF outflow days, putting $1,800 in multiple analysts’ sights.
What does today’s crypto news mean for retail investors still searching for ground-floor opportunities?
DeepSnitch AI at $0.04669 is the clearest answer: $2.6M raised through extreme fear, five live AI agents tracking the market-moving signals that triggered Thursday’s institutional hedging, and a March 31st Uniswap listing days away. The information gap that costs retail traders money every day is exactly what DSNT was built to close.
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.
The latest version of the crypto bill Clarity Act is in the spotlight mostly because of its stablecoin rules. In practice, it may land hardest on decentralized finance (DeFi) and tokens tied to it, according to a report by 10x Research.
At the center of the proposal is a ban on offering yield — or anything resembling it like rewards — on stablecoin balances. That effectively ends the idea of stablecoins as onchain savings products and redefines them as pure payment rails.
“This represents a clear re-centralization of yield,” wrote Markus Thielen, founder of 10xResearch. This is because the proposal pulls back yield into banks, money market funds and regulated wrappers, leaving crypto-native platforms with less room to compete on returns.
That shift could also hit DeFi, despite early hopes it might benefit.
The logic was that if centralized platforms can’t offer yield, users would move onchain, Thielen said.
But that assumes DeFi escapes the same rules. In practice, the Clarity framework is likely to extend into front-end interfaces and token models, especially where fee generation or governance starts to resemble equity, he said.
That puts a wide swath of the sector in focus. Decentralized exchanges like Uniswap (UNI), and dYdX (DYDX), as well as lending protocols like Aave and , could face tighter constraints around how they operate and distribute value, the report argued. The result could be lower volumes, reduced liquidity and weaker token demand.
On the other hand, the proposed regulation is “structurally bullish” for infrastructure players like Circle (CRCL) as it embeds stablecoins deeper into payment rails, Thielen said.
TLDR:
- XRP’s Coinbase Premium turned negative at -0.0364, marking a clear shift from mid-March positive readings.
- The premium held between +0.04 and +0.05 from March 10–22, reflecting strong U.S. institutional demand.
- A steady decline began March 23, pointing to reduced Coinbase buying pressure and weakening momentum.
- Higher XRP prices on Binance suggest retail investors outside the U.S. are now leading buying activity.
The XRP Coinbase Premium has shifted into negative territory, marking a clear change in market dynamics. The indicator compares XRP prices between Coinbase and Binance.
It had held positive levels from March 10 through March 22. A steady decline then began on March 23. The latest reading stands at -0.0364, pointing to reduced institutional buying on Coinbase and a broader shift in short-term market behavior.
Premium Held Positive Ground Through Mid-March Trading
The XRP Coinbase Premium maintained relatively elevated levels during mid-March trading sessions. Between March 10 and March 22, the indicator approached values between +0.04 and +0.05.
During this period, XRP prices remained stable, trading above the $1.35–$1.40 range. This positive spread reflected stronger demand from U.S.-based and institutional investors on Coinbase.
Source: Cryptoquant
A positive premium reading generally means Coinbase prices are higher than Binance prices. This pattern is widely associated with institutional buying interest and U.S. investor confidence.
Throughout that stretch, the market showed consistent demand from larger participants. The indicator moved within a clear positive range without major disruptions.
As trading progressed into late March, however, the premium began losing momentum gradually. The decline started on March 23 and has continued without any notable reversal since then.
Each passing session brought the indicator closer to the zero line. The sustained downward movement marked the beginning of a clear trend change.
By the time the premium crossed into negative territory, the market had already shifted its footing. The transition was not sudden but rather a gradual erosion of positive momentum.
Traders and analysts tracking this indicator closely noted the pattern early. The reading at -0.0364 confirmed the shift that had been building over several days.
Negative Premium Points to Shifting Liquidity and Retail Activity
A negative XRP Coinbase Premium means XRP is now priced lower on Coinbase than on Binance. This reversal carries weight in how analysts interpret institutional versus retail demand.
When Coinbase prices fall below Binance prices, it often reflects reduced U.S.-based buying pressure. The current reading supports this interpretation.
The higher XRP price on Binance points to increased retail buying activity outside the United States. This shift shows that liquidity may be moving away from institutional-heavy platforms toward retail-driven ones.
It does not necessarily mean the broader market is collapsing. However, it does reflect a change in who is currently driving buying activity.
Analysts note that a negative premium reading is often viewed as an early sign of continued selling pressure. It can also point to the market entering a correction phase in the near term.
If the indicator remains in negative territory, it may weaken institutional momentum further. The next few sessions will be closely watched for any signs of reversal.
Should the negative trend persist, the XRP market could face continued price pressure in the short term. The movement of liquidity to other platforms adds another layer of uncertainty.
Market participants will monitor whether institutional demand returns to Coinbase. Any shift back to positive territory would suggest a change in the current trend.
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