Crypto World
Ripple Treasury Becomes First TMS to Offer Native Digital Asset Capabilities for Corporate CFOs
TLDR:
- Ripple Treasury is the first TMS to embed native digital asset capabilities directly into an enterprise platform.
- Digital Asset Accounts support XRP and RLUSD with 15-decimal precision and automated real-time transaction recording.
- Unified Treasury connects multiple custodians via ClearConnect, giving CFOs one real-time dashboard for all positions.
- Ripple’s 2026 survey found 72% of finance leaders say a digital asset solution is now needed to stay competitive.
Ripple Treasury has officially launched Digital Asset Accounts and Unified Treasury. The launch marks the first native digital asset capabilities embedded in an enterprise treasury management system.
CFOs and their teams can now view, hold, and manage both fiat and digital assets in one place. It follows Ripple’s 2025 acquisition of GTreasury, which brought over 40 years of enterprise treasury expertise. Multiple customers completed beta testing ahead of the April 1 global launch.
Digital Asset Accounts Integrate Onchain Balances Into Enterprise Treasury Workflows
Digital Asset Accounts allow treasury teams to create and manage a regulated digital asset account directly within the platform.
No external setup, third-party custody relationship, or separate system is required. XRP and Ripple USD (RLUSD) balances appear alongside cash accounts in real time.
The platform applies live fiat valuation, refreshed within seconds of each transaction. Exchange rates come from leading market data providers and update automatically.
The system also works across multiple data providers simultaneously, maintaining accuracy during volatile market conditions. Teams no longer need manual calculations or separate tools for valuation.
Transactions are recorded with 15-decimal precision, capturing onchain amounts exactly as they exist. This prevents rounding errors that typically cause reconciliation gaps.
An automated audit trail is generated for every transaction, supporting finance and control teams. Treasury managers maintain full control of records without relying on external reconciliation tools.
Each record captures the native notional amount, fiat equivalent, and market price at the moment of the event. This provides a complete, time-stamped transaction history without manual data entry. The automated recording process also supports compliance across multiple reporting frameworks.
Renaat Ver Eecke, SVP of Ripple Treasury, spoke on the shift in how CFOs now approach digital assets. “Digital assets have arrived at the CFO’s desk, and the question has shifted from whether to engage to how to do so advantageously without disrupting existing operations,” he said.
He added that the platform gives the office of the CFO a trusted place to hold and manage digital and fiat assets, with no separate interface or new workflows needed.
Unified Treasury Gives CFOs Real-Time Visibility Across All Liquidity Positions
Unified Treasury consolidates digital asset and cash positions into a single real-time dashboard. Teams holding assets across multiple custodians can connect providers through Ripple Treasury’s ClearConnect connectivity layer.
This layer is the same one already used for existing bank integrations within the platform. No new infrastructure or changes to current banking arrangements are required.
API connectivity to digital asset providers can be completed in minutes through the platform. Once connected, balances reflect automatically as transactions occur onchain.
Treasury teams no longer depend on manual imports or batch data processing to see positions. This also eliminates delays that have made digital asset reporting difficult for corporate finance teams.
Market rates are applied to digital asset balances in the reporting currency of each organization’s choice. No separate data sources or manual currency conversions are required.
The entire process runs automatically within the system, streamlining day-to-day operations. This gives treasury teams in different regions a consistent reporting experience.
Mark Johnson, VP of Global Product at Ripple Treasury, described the core design principle behind both capabilities. “The design principle behind both capabilities is that digital assets should behave exactly like cash within the platform,” he said.
Johnson further noted that treasury teams should not have to think about whether a balance is onchain or in a bank account. “They should simply see their position,” he added.
Ripple’s 2026 survey of 1,000+ global finance leaders found that 72% now consider a digital asset solution a competitive necessity.
Most, however, lack a starting point that fits within current workflows. Stablecoins processed $33 trillion in volume last year, rising 72% from 2024, showing strong demand already in the market.
Crypto World
A practical guide to building, using, and choosing the best AI crypto trading bots
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AI crypto trading bots reshape investing as automation replaces manual execution and emotional decision-making.
Summary
- AI crypto trading bots simplify investing by automating strategies and removing the need for constant monitoring.
- SaintQuant targets beginners with pre-configured strategies and no coding or complex setup required.
- Its fully automated system offers a hands-off approach for users seeking simple, consistent crypto trading.
The rise of AI trading bot crypto solutions has transformed how people approach cryptocurrency trading. What once required deep technical knowledge, constant monitoring, and emotional discipline can now be handled by intelligent automation.
Today, both beginners and experienced traders are exploring automated crypto trading platforms to improve efficiency and reduce manual effort. But key questions remain:
- Do AI trading bots work?
- Can you build one without coding?
- Is there a free crypto trading bot worth trying?
In this guide, we’ll break down everything that is needed to know — from how these bots work to how to choose the best platform — while sharing practical insights to help anyone get started.
What is an AI trading bot in crypto?
An AI trading bot is a software program that uses artificial intelligence to analyze market data and execute trades automatically. Unlike traditional bots that follow fixed rules, AI-powered bots adapt to changing market conditions using:
- Machine learning algorithms
- Predictive analytics
- Real-time data processing
These bots are widely used in:
- Crypto trading online for automated execution
- Portfolio management
- Arbitrage opportunities across exchanges
In essence, an AI-powered Bitcoin bot acts as a 24/7 trading assistant, capable of making decisions faster than any human trader.
Do AI trading bots work? (Realistic expectations)
The short answer: Yes — but with limitations.
Advantages
- 24/7 trading without downtime
- Emotion-free decisions, reducing impulsive trades
- Fast execution in volatile markets
Limitations
- No guarantee of profits
- Performance depends on strategy quality
- Vulnerable to extreme market conditions
AI trading bots work best when used as tools to enhance strategy, not as “set-and-forget money machines.”
How to build an AI Crypto trading bot without coding, and are there free options?
One of the biggest myths in crypto trading is that there’s no need for programming skills to use automation. Fortunately, that’s no longer true.
Simple no-code setup process
For those wondering how to build an AI crypto trading bot without coding, here’s a simplified path:
- Choose a platform
- Select pre-built AI strategies
- Configure risk settings
- Backtest strategies
- Deploy live trading
Modern platforms now provide intuitive dashboards, making the process accessible even to complete beginners.
Tools that make it easy
- Plug-and-play platforms
- Strategy marketplaces
- Managed cryptocurrency trading services
These tools eliminate complexity and allow users to focus on outcomes rather than technical setup.
Is there a free crypto trading bot?
Yes — but most “free” options come with trade-offs.
What “Free” Usually Means:
- Limited features
- Trial-based access
- Restricted performance tools
Hidden Costs to Consider:
- Exchange fees
- Spread and slippage
- Paid upgrades for full functionality
Real example: Try before committing
Some platforms offer a better alternative through trial-based access to premium features.
For instance, SaintQuant provides a beginner-friendly experience with:
This allows users to experience a real automated crypto trading platform — not just a limited demo.
When free bots make sense
Free or trial bots are ideal for:
- Beginners exploring AI trading bots
- Testing strategies safely
- Learning how automation works in real markets
Key takeaway
There is no need for coding skills or a large upfront investment to start using an AI trading bot crypto solution. With no-code tools and trial offers, entry barriers are lower than ever.
Best AI trading bot crypto platforms (expert insights)
Choosing the right platform is critical. Based on usability, features, and accessibility, here are some top options:
1. SaintQuant – Simplified AI Trading for passive income
SaintQuant stands out as a beginner-focused platform designed for simplicity and efficiency.
Key Features:
- Pre-configured AI trading strategies
- No coding or complex setup required
- Fully automated trading system
Advantages:
- Ideal for beginners and passive investors
- Quick onboarding process
- Focus on consistent, automated performance
If you’re looking for a hands-off automated bitcoin trading platform, SaintQuant offers one of the easiest entry points.
2. Cryptohopper – Advanced customization
Cryptohopper is a well-known platform offering:
- Strategy customization
- Signal marketplace
- Advanced trading tools
Pros:
Cons:
- Steeper learning curve for beginners
3. Other AI trading bots worth considering
There are also various:
- Bots for sale in strategy marketplaces
- Hybrid platforms combining AI and manual controls
When evaluating options, always prioritize:
- Security
- Exchange integration
- Transparency
Key features to look for in the best AI trading bot
When choosing the best AI trading bot crypto, consider:
- Automation quality
- Backtesting capabilities
- Risk management tools
- Exchange compatibility
- Performance transparency
These features determine whether a bot is truly effective or just hype.
Risks and best practices
Even the best bots require responsible usage.
Best Practices:
- Start with a small capital
- Diversify strategies
- Monitor performance regularly
- Use secure API configurations
Avoid relying entirely on automation—human oversight still matters.
AI trading bots vs manual trading
| Factor | AI Trading Bots | Manual Trading |
| Speed | Instant execution | Slower |
| Emotion | Emotion-free | Emotion-driven |
| Control | Less direct control | Full control |
Best approach: combine both for optimal results.
Future of AI in crypto trading
The future of AI trading bots is promising, with trends including:
- Integration with DeFi ecosystems
- More advanced predictive models
- Increased adoption among retail investors
As technology evolves, automation will likely become a standard part of crypto trading online.
Conclusion
AI trading bots are reshaping the crypto landscape by making trading more accessible, efficient, and data-driven.
- They work — but require smart usage
- They can be built and deployed without coding
- Free and trial options make it easy to start
Platforms like SaintQuant are helping bridge the gap for beginners, offering a streamlined way to enter the world of automated trading.
If you’re new, start small, experiment with strategies, and gradually scale your involvement. With the right approach, AI-powered cryptocurrency trading services can become a valuable part of your investment toolkit.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
Art on Tezos turns Cannes into a live testbed for digital culture
Art on Tezos is no longer a niche experiment; at TezDev 2026 in Cannes, it felt like a working model of where digital culture is going next.
Summary
- At TezDev 2026 in Cannes, “Art on Tezos” staged an immersive, projection-mapped environment that framed on-chain work as a living model for digital culture.
- Speakers highlighted how Tezos lowers costs and barriers so artists from Kurdistan, Africa and South America can build sustainable practices and even escape repression.
- Trilitech’s planned Tezos-powered exhibition at HEK Basel signals that on-chain art is moving deeper into museum ecosystems, compressing photography’s century-long legitimation curve.
TezDev 2026 in Cannes shows how Tezos art has evolved from NFTs into global, politically charged and increasingly institutional grade digital culture and infrastructure.
Hosted at the Hôtel Martinez on March 30, “Art on Tezos: The future of digital creativity” unfolded as an immersive environment rather than a standard panel. Projection‑mapped works wrapped the room in moving images while a conversation between artists, curators, and ecosystem builders traced how on‑chain art has evolved from early NFTs into complex generative systems and responsive installations.
For curator and art advisor Brian Beccafico, Tezos’ real innovation is who it brings into the conversation. Drawing on his work with marketplaces like Objkt, he stressed that on Tezos “you get to meet a lot of artists coming from places that usually just don’t have access to the broader art markets… artists from Africa… South East Asia, South America,” a sharp contrast with a global art economy where “pretty much 70 percent of global value auctioned… is auctioned in New York.” Lower costs and open tooling translate into economic reality: “even if you’re selling artwork for 100 bucks a piece… in a country where the average income is 300 bucks a month, that’s… sustainable for an artist.”
Aleksandra Art, Head of Arts at Trilitech, placed this shift in a longer media history that runs from early photography to Instagram and now blockchain. She reminded the audience that photography itself was once dismissed—“wait, photography is art? What? Like, no, it’s just a picture”—before fairs, critics, and collectors built a new ecosystem around it. The same dynamic is now playing out in digital art: “we had Instagram launch and all of a sudden there are Instagram artists… that don’t need gallery representation,” and blockchains plus marketplaces extend that logic by “creating these networks that congregate people who are passionate about it.” For her, the crucial break is that digital work “doesn’t have to be a confined gallery space… it can be a vertical screen, horizontal screen, HTML, site specific work,” accessible globally “at any point of time” with “similar experiences for different people.”
Beccafico pushed the political edge of this transformation. He recalled exhibitions where artists from Kurdistan “used crypto to flee terrorism, to flee ISIS during the war in Syria,” arguing that cypherpunk ideals still matter: “being able to free yourself from state‑owned currency, state‑owned control, and censorship is still very much a reality in today’s art world.” The result is a scene in which artists from Iraq, Turkey, South America, and beyond are no longer at the margins but, in his words, “the future of both crypto and the future of the art world.”
Alongside Aleksandra and Beccafico, the session’s participants—Vinciane Jones (Art Partner Manager, Trilitech), artists Patrick Tresset and Georg Eckmayr, and others—situated Tezos inside a broader genealogy of systems‑driven practices, from algorithmic drawing to AI‑assisted installations, now made verifiable and tradable on‑chain. Their discussion aligned with the wider TezDev 2026 program, which underscored how protocol upgrades like Tezos X and faster Etherlink confirmations are intended to support richer real‑time art and gaming experiences, not just finance.
Trilitech signaled that TezDev’s immersive exhibition is not a one‑off but part of a longer institutional arc. The team previously announced plans for a forthcoming Tezos‑powered show at HEK (Haus der Elektronischen Künste) in Basel, curated by the established duo Dr. Alfredo Cramerotti and Auronda Scalera, known for pioneering projects at Art Dubai Digital and other major venues that connect blockchain, NFTs, and critical media art. Their involvement points to a future in which on‑chain practices move even further into museum contexts, bringing Beccafico’s emerging‑market artists and Aleksandra’s “fluid,” screen‑native works into dialogue with decades of digital and conceptual experimentation.
If photography’s journey from “just a picture” to museum cornerstone took a century, Tezos (TEZ) artists are compressing that curve into a few intense years, using blockchains not only as markets but as infrastructure for new forms of authorship, community, and survival.
Crypto World
Will Hedera price crash as stablecoin supply and app revenue decline?
Hedera price has been in a downtrend over the past month as the token continues to be bruised by the geopolitical concerns that have pushed investors away from risk assets.
Summary
- Hedera price dropped to a six-week low of $0.083, down over 12% in a month amid weak market sentiment and geopolitical tensions.
- On-chain activity declined, with DeFi app revenue falling nearly 70% and stablecoin supply dropping 6%, signaling reduced network usage and liquidity.
- Technical indicators remain bearish, with price trading in a descending channel and key support seen at $0.087.
According to data from crypto.news, Hedera (HBAR) price fell to a six-week low of $0.083 on Tuesday, down over 12% in the past month and over 20% from its year-to-date high.
Hedera price fell amid weakness in its underlying ecosystem activity as key performance indicators started to flash red. Data from DeFiLlama shows that revenue generated by DeFi apps on the network had slumped nearly 70% from the previous month’s high.
A drop in app revenue means that a lower number of users are interacting with the Hedera ecosystem, signaling weakening demand for its decentralized applications and reduced overall network usage.
Third-party data also show that the total supply of stablecoins on the network has fallen 6% over the past 7 days to $52.71 million. Declining stablecoin supply typically reflects reduced liquidity and capital inflows on the network, further reinforcing signs of slowing activity.
Hedera price has also remained in a downtrend due to reduced investor appetite for risk assets amid the ongoing U.S.-Iran war that has led to a flight to more traditional safe-haven assets such as gold and U.S. equities.
On the daily chart, Hedera price has been trading within a descending parallel channel pattern, a formation where the asset consistently makes lower highs and lower lows. As long as an asset trades within such a pattern, it will likely continue to face persistent selling pressure as it bounces between the upper and lower boundaries.

Technical indicators also appear to portray a bearish outlook for Hedera price in the upcoming sessions. Notably, the Bollinger Bands have begun to narrow, with the price trading below the middle band, suggesting contracting volatility while the short-term trend remains tilted to the downside.
The Aroon Down is at 92.86% while the Aroon Up remains at 0%, indicating strong downward momentum and that a recent low has likely been established within the current trend.
For now, the immediate support level for Hedera price lies at $0.087, which aligns with the 23.6% Fibonacci retracement level. A drop below this level could increase selling pressure and open the door for a move toward lower support zones.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Inside Coinbase’s push to bring prediction markets on chain and on venue
Coinbase is folding regulated prediction markets into its “everything exchange” vision, using The Clearing Company to clear on‑chain event contracts beside crypto and stocks.
Summary
- Coinbase is moving prediction markets from a Kalshi integration toward an on‑chain, in‑house stack after acquiring The Clearing Company, aiming to keep them inside a regulated perimeter.
- In Europe, financial‑underlying prediction markets fall under MiFID while politics and sports are pushed into fragmented national gambling regimes, leaving most current on‑chain volume in regulatory limbo.
- Coinbase is already experimenting with cross‑margining via perpetual futures and sees long‑term scope to extend collateral efficiency across prediction markets, crypto, and tokenized assets on a single venue.
Coinbase’s push to become an “everything exchange” will increasingly run through regulated prediction markets rather than just spot crypto, according to Côme Prost‑Boucle, the exchange’s head of international listings, speaking with crypto.news at ETHGlobal Cannes on March 31.
For Prost‑Boucle, prediction markets are not a novelty bolt‑on. They sit at the core of Coinbase’s plan to become what he calls an “everything exchange.” “The whole strategy is pretty simple,” he told crypto.news.
“We want to build the everything exchange with Coinbase, meaning that we want to bring under one regulated umbrella all of the asset classes that you can imagine and offer this to both our retail customers and our institutional customers.”
Coinbase leading the way to become an ‘Everything Exchange’
That umbrella now stretches beyond spot crypto into derivatives, options, tokenized stocks and equities, token sales and, crucially, event‑based contracts that let users trade on future outcomes. “We have this whole breadth of different products that we’re bringing into one umbrella, which is Coinbase,” he said. “Our goal is to push this to as many users as possible across the world, and the reaction has been pretty tremendous so far.”
Coinbase’s debut in prediction markets was deliberately conservative. The initial launch in the U.S. leaned on Kalshi, the CFTC‑regulated event‑contract venue, giving the product an immediate regulatory backbone but also clear constraints on geography and design.
“The first iteration of the product is available in the US and in a couple of regions, but for instance, it’s not available in Europe because of lack of regulatory clarity,” Prost‑Boucle said. That version effectively pipes Kalshi’s markets into the Coinbase interface, letting users trade small‑ticket contracts on elections, sports, macro data and other real‑world events while staying inside a U.S. event‑contract framework.
The second phase is more aggressive. In December, Coinbase agreed to acquire The Clearing Company, a specialist prediction‑market clearing startup with roots in the existing event‑contract ecosystem.
Prost‑Boucle referred to it in the interview as “a company called The Clearing House,” but the strategic intent is clear. “The goal is for us to bring these capacities internally so that we can develop this product on chain and we can develop with the DNA that we have to bring all asset classes on chain,” he said. In effect, Coinbase is moving from renting regulated rails to owning the clearing and risk stack, and then pushing more of the lifecycle on‑chain while staying within the event‑contract perimeter. That stands in contrast to crypto‑native venues such as Polymarket, which prioritizes unconstrained on‑chain liquidity first and only later began to grapple with regulatory structure.
Prediction markets dominate conversation at ETHGlobal
If prediction markets are to sit alongside crypto, derivatives and tokenized stocks in a single app, collateral efficiency will determine whether users actually route meaningful size through Coinbase. Here, Prost‑Boucle says institutional desks are already applying pressure. “That’s also something that institutional clients have been pushing for,” he noted when asked about cross‑margining prediction markets with other Coinbase products. “We’re currently doing cross‑margining for our perpetual futures product, and that’s something that our institutional clients have been craving,” he added, pointing to demand for “always‑on exposure possibilities, weekend hedging, all of this that perpetual futures have as internal features.” The logical goal is to have a single collateral pool backing BTC perpetuals, tokenized equity and a portfolio of geopolitical or macro event contracts, rather than trapping capital in isolated silos across venues. “At the moment we’re working on this product,” he said of cross‑margining, “but I think that’s a good vision for us in the longer term—to have cross‑margining across the different asset classes, I guess.”
The main structural obstacle to that vision is Europe. “Prediction markets in the EU are pretty difficult to apprehend because there’s no unified regulatory framework,” Prost‑Boucle said. “It all depends on what you have as an underlying asset.” He draws a sharp line that mirrors emerging legal commentary: a contract on the future price of Bitcoin is treated as a financial derivative under MiFID, while a contract on an election or football match is pushed into gambling. “If the contract lies on a financial underlying asset, that would be regulated by MiFID,” he explained. “But all of the other classes, where currently all of the volumes are—on politics, on sports, this would be regulated under gambling laws in Europe.”
That split leaves most of today’s on‑chain volume—heavily skewed toward politics and sports—in regulatory limbo from the perspective of a regulated exchange. Any operator that wants to offer political or sports markets across the bloc has to navigate a patchwork of national gambling regimes, each with its own licensing, consumer rules and, in some cases, state monopolies. “It means you would have to go for every single European gambling law, because there is no unified regulatory framework,” Prost‑Boucle said. “These laws are pretty national, they’re quite country‑specific and they’re quite hard to get.” Despite that, he is not writing off the region. “I guess we’re still hopeful that at some point we’re going to have regulatory clarity on prediction markets and a better structure in Europe that enables this type of contract to flourish as well,” he said.
Beyond trading revenues, Coinbase clearly sees prediction markets as an information layer that competes with polling, research, and even traditional media. Prost‑Boucle points to cases in the U.S. where broadcasters are already embedding live market odds, such as CNBC, CNN, the Dow Jones and other media recently integrating Polymarket odds into the ‘traditional’ newscycle.
That, in turn, brings the problem of truth into focus. Once markets start pricing geopolitics, conflicts, and leadership changes, disputes over what actually happened can become payout disputes. That means oracles used to resolve contracts may be facing increasing scrutiny from not only bettors, but also regulators.
Prost‑Boucle argues that most of the damage begins with poor contract design. “It’s crucial when you enter a contract to look at what the event criteria are,” he said. “Obviously you want to diversify sources of truth and have kind of fixed criteria to make sure there is no ambiguity when an event like this happens,” he added. Asked whether AI agents could help by aggregating across outlets and delivering a consolidated verdict, he is open but cautious. “Potentially, AI could be helping with sorting out across different sources‑of‑truth venues and making sure that we have a consolidated view and a fixed view that is not biased by any specific media or even a group of people,” he said.
For now, Coinbase’s approach is less about chasing the wildest version of prediction markets and more about proving they can live inside the same rule‑set as everything else on the platform: keep them in a regulated perimeter, pull clearing and risk in‑house via The Clearing Company, and wire the whole thing into a broader multi‑asset venue where collateral actually earns its keep across products. As Brian Armstrong has put it in other contexts, Coinbase wants to be “the most trusted bridge” into the crypto economy, and in that frame, everything else—from MiFID hair‑splitting in Brussels to the next generation of AI‑driven oracles—is just another set of constraints to engineer around, not a reason to sit out a market.
Crypto World
CoinShares Stock Debuts on Nasdaq After $1.2B SPAC Deal
CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industry’s deepening ties with public markets.
The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp., resulting in the formation of a new holding entity, CoinShares PLC. The combined company begins trading on the Nasdaq on Wednesday under the ticker symbol CSHR.
The transaction, first unveiled in September, values CoinShares at approximately $1.2 billion and includes a $50 million capital commitment from institutional investors.
Although the Nasdaq debut marks CoinShares’ entry into US public markets, the company was already publicly traded in Europe prior to the listing.
A US listing aims to attract institutional capital, wider analyst coverage and increased visibility, while positioning CoinShares to expand its footprint in the world’s largest financial market. The move also comes as the regulatory backdrop for digital assets in the United States continues to evolve.
CoinShares manages more than $6 billion in assets and is one of Europe’s largest crypto-focused investment firms. It is best known for its crypto exchange-traded products (ETPs), which are listed on European exchanges.

A tougher backdrop for crypto stocks
The backdrop for digital asset companies has shifted dramatically since September, when CoinShares’ SPAC deal was first announced.
The exchange-traded fund issuer’s CoinShares Bitcoin Mining ETF (WGMI) is down more than 22% in the last six months, Yahoo Finance data shows.
The crypto market has since lost more than half its value, following a broad correction in digital asset prices, declining trading volumes and the fallout from the Oct. 10 crypto liquidation event that triggered widespread deleveraging, alongside a more volatile environment for capital raising and investors.
Crypto-linked equities have been among the hardest hit. Companies such as Coinbase, Gemini and Figure Technologies are down sharply this year, while Circle has bucked the trend amid continued growth in stablecoins.

However, analysts at Bernstein don’t expect the downturn to persist. In a recent note, they said crypto-related stocks could be nearing a bottom heading into first-quarter earnings, which are widely expected to reflect weak performance.
Related: Circle plunged on CLARITY Act fears, but fundamentals unchanged — Bernstein
Crypto World
S&P Dow Jones Indices and Kaiko Bring iBoxx Treasury Index On-Chain via Canton Network
At Kaiko’s Cannes conference, S&P DJI and Kaiko unveiled plans to tokenize the iBoxx U.S. Treasury index on Canton, turning it into programmable on-chain IP.
Summary
- iBoxx U.S. Treasuries is being brought natively on Canton alongside DTCC’s on-chain Treasuries to support index-linked product issuance on the same infrastructure.
- S&P will distribute the index as a smart contract token embedding full index data, IP rights, licensing terms, fees and access controls.
- The model treats index data “like a financial asset,” enabling traceability, automated fee collection and reusable, scalable licensing on-chain.
At the Agora Kaiko conference in Cannes on March 31, S&P Dow Jones Indices’ Chief Product and Operations Officer Cameron Drinkwater and Kaiko CEO Ambre Soubiran unveiled a partnership to tokenize one of S&P’s flagship fixed-income benchmarks, the iBoxx U.S. Treasury index, on the Canton network, turning the index itself into a programmable on-chain IP product rather than a simple price feed.
New Canton, Kaiko and S&P DGI partnership announced
Kaiko CEO Ambre Soubiran announced that “Kaiko and S&P DGI, we’ve been partnering now in tokenizing one of the biggest S&P benchmarks, the iBoxx index, and bringing that onto the Canton Network.” The move follows DTCC’s decision to bring U.S. Treasuries natively onto Canton (CC), which Drinkwater described as “a natural opportunity for us to bring the iBoxx Treasury index also on Canton to give product developers or counterparties a tool to use with the physical underlying also on that chain.”
Soubiran emphasized this is “not just publishing the price of the benchmark on the network.” Instead, S&P is “actually creating a smart contract token that contains all of the index data,” so that clients receive “a smart contract containing the index data but also explicitly having licensing and fees and access control all embedded into a smart contract.” She framed it as “more about a distribution play rather than a data play,” delivering the full index product on-chain.
Drinkwater said choosing iBoxx was a “total no-brainer” because with DTCC putting U.S. Treasuries on Canton, “you have the underlying” and “a very active kind of treasury institutional trade landscape on Canton” plus “real demand for the iBoxx Treasury index to be used as a underlying for product issuance on the Canton chain.”
On-chain IP and data-as-asset
For S&P, tokenizing indices as full IP products changes how licensing and economics work. Drinkwater argued that “one of the great advantages for an IP issuer like ourselves on chain is we actually have better auditability, visibility in how IP is being used, reporting on that use case and… instantaneous reporting and potentially commercial exchange based on that smart contract.” In traditional markets, he noted, S&P is “dependent on delayed reporting on volumes,” often disputed, followed by “multiple months on contract settlement,” whereas on chain “the whole timeline pulls in quite considerably” with “far less opportunity for dispute.”
Soubiran linked this to a broader shift: “the more we bring capital markets applications on chain, the more we bring data on chain, especially private and IP protected data, the more we need to treat data like a financial asset.” Blockchain infrastructure, she said, enables “traceability of data and treat data like a financial asset and trace where that data goes,” which is “great from a IP protection standpoint” and for “programmatically” managing monetization of IP in financial products.
Drawing on Kaiko’s own index business, she noted that many index fee arrangements are tied to AUM and turnover, with end-of-year reconciliations still “quite heavily manual.” Moving indices on-chain allows firms to “on chain verify what is the AUM related to the financial product that is linked to your index or your benchmark” and enable “daily fee collection based on daily turnover.” It is, she said, “not necessarily a novel product, it’s just a novel way of distributing” existing benchmarks.
Composability, evergreen contracts and Canton
Both speakers highlighted composability as a key benefit of this design. “The idea of tokenizing an index is for product issuers… to consume that index product natively on chain and wrap it into a index-linked financial product,” Soubiran explained, calling the application of composability to data products “extremely new and powerful.”
Drinkwater described the structure as layered: “you can think of the token being the index and then the smart contract being wrapped around it and that’s the use case, the use case specific terms and conditions, audit rights, etc.” That wrapper “can be tailored to whatever use case clients come to us for, but then it’s repeatedly usable. It’s evergreen. It’s on chain.” Compared with today’s model, where “clients have to come to us for every use case, it’s a new schedule on their MSA,” he said this offers “a very frictionless process of getting new product issued on chain, massively speeding up timelines,” and a “reusable infrastructure that really benefits all parties.”
On why Canton matters, Drinkwater pointed to its ability to straddle public and private workflows. On fully public chains like Ethereum, “that reporting is going to be public,” which does not fit “a lot of our use cases” such as “private exchange swaps… between institutions and they don’t want that public.” Canton’s setup, he said, lets reporting be “private when it needs to be private, public where it can be public, but back to us nonetheless,” unifying reporting across use cases in a way that “in TradFi is not the case.”
Soubiran framed the broader aim as servicing “almost a new addressable market that is your existing clients moving to an infrastructure that is programmatic and a little bit more disintermediated,” stressing that “a lot of great things exist in our current financial system,” but that the opportunity lies in “making things more automated… more programmatic in the transfer of information, the transfer of data.”
S&P’s broader digital roadmap
Drinkwater placed the Kaiko and Canton partnership within S&P’s longer digital asset strategy. He recalled that SPY “was not SPY for the first decade of its life, but it flag planted,” and said S&P understands “the power of moving first and establishing real use cases in new technology.” With a brand “known and trusted by institutions and retail alike,” S&P wants “to move first and early when we have conviction in new products and new technologies because we need our brand to be firmly planted there as an established entity.”
Over the last year, he said, S&P has “very selectively” chosen “high quality players as partners and putting IP on chain where we saw very discrete and tangible use cases,” citing the on-chain S&P 500 token with Centrifuge and the Digital Markets 50 index with Genari that bundles blockchain-exposed equities and cryptocurrencies in a structure “hard to replicate in TradFi.” Even so, he signaled he is “most excited about the innovation that we’re pushing today” with tokens wrapped in smart contracts that are “tailored to use cases, but extensible and evergreen on chain,” because this “unlocks so many use cases and scalability of our IP.”
Crypto World
Who is Keven Warsh, Trump’s Pick for the Federal Reserve?
The US Senate could soon hear testimony to confirm financier Kevin Warsh as the new chair of the Federal Reserve.
Warsh, who previously served on the Fed’s Board of Governors from 2006 to 2011, has criticized the central bank’s policies under current chair Jerome Powell. Warsh has called for “regime change” and lower interest rates.
Regarding crypto, Warsh has a somewhat nuanced approach. He hails Bitcoin as a sustainable store of value, but claims it doesn’t function as money.
Lower interest rates and a fairly open attitude toward crypto could be good news for digital asset prices, which most investors perceive as risk-on. But even if Warsh passes his nomination, there’s no guarantee he’ll affect the changes expected.
Warsh wants to lower Fed interest rates, but can he?
Warsh, a graduate of Stanford and Harvard, started his career at Morgan Stanley, where he eventually became a VP and executive director. He then served as an executive secretary of the White House National Economic Council under President George W. Bush.
Bush nominated him to the Board of Governors of the Federal Reserve in 2006, where his hawkish views on inflation often differed from his colleagues. He was critical of the aggressive use of its balance sheet, which he said led to a period of “monetary dominance” that artificially depressed rates.
Some of this appears to have changed in recent years. In a November 2025 op-ed for the Wall Street Journal, Warsh criticized Powell’s leadership at the Fed, claiming that “inflation is a choice, and the Fed’s track record under Chairman Jerome Powell is one of unwise choices.”
He said “credit on Main Street is too tight” and that the Fed’s balance sheet, which is “bloated” due to past crisis-management efforts, “can be reduced significantly.”

“That largesse can be redeployed in the form of lower interest rates to support households and small and medium-size businesses,” he said.
Plans for cutting interest rates come at an economically fraught time. The US and Israel’s joint attack on Iran, which could soon escalate into an invasion if US President Donald Trump so decides, has wreaked havoc on oil prices.
Increasing oil prices had a direct effect on the core inflation metrics the Federal Reserve uses when considering rate changes. This could put the damper on any plans for rate cuts, at least certainly under Powell.
Warsh told Barron’s that the “core theory of inflation that the Fed is using” is “mistaken.” He said that “we need to fundamentally rethink macro, which is a fundamental rethink of the core economic models that the Fed is using.”
In his accounting, rising wages and commodity prices are not to blame for inflation. Rather, “at the core, I think inflation comes about when the government spends too much and prints too much.”
Returning to monetarism, as well as dumping some of the debt held by the Federal Reserve, could help address inflation concerns, in his view.
Bankers and former Bush administration officials have congratulated Warsh on the nomination. Former US Secretary of State Condoleezza Rice said the Fed would “benefit from his steady, principled leadership.”
“He understands the central bank’s key role for the United States and our allies around the world,” she said.
Bank of England Governor Andrew Bailey has also welcomed Warsh’s nomination. He said that he knew both Powell and Warsh well, and that “They’re both very qualified.”
Qualifications aside, Warsh may find it difficult to enact his preferred policies.
Roger W. Ferguson Jr., the Steven A. Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations (CFR), and Maximilian Hippold, a research associate for international economics at CFR, wrote that Warsh won’t revolutionize the Fed.
They said that the chair alone does not make inflation rate decisions. “They are determined by the Federal Open Market Committee (FOMC), a twelve-member body that includes seven Fed governors and five regional Fed presidents.” The chair can’t change policy without convincing a majority.

Others argue that Warsh’s interest in lowering interest rates is a recent pivot and may not be a core conviction around which he will focus central bank policy. A December 2025 analysis from Deutsche Bank noted Warsh’s response to the global financial crisis in 2008, when he was a Governor at the Fed.
“His views while he was a Governor around the GFC [global financial crisis] at times skewed more hawkish than his colleagues,” the report read. “Although Warsh has argued for lower rates recently, we do not view him as structurally dovish.”
They further questioned Warsh’s plans to lower interest rates and cut assets on the Fed balance sheet. “This trade-off would only be feasible if regulatory changes are made that lower banks’ demand for reserves. While several Fed officials have made this argument recently, including Vice Chair of Supervision Bowman and Governor Miran, it is not obvious these changes are realistic in the near-term.”
“The chair has just one vote amongst a particularly divided committee.”
Warsh’s nomination and Fed independence
Commentators have also drawn attention to Warsh’s connection to the Trump administration. Warsh’s father-in-law, Ronald Lauder, is a classmate of Trump and a major donor to his political campaigns.
His relatively recent opinions on low interest rates also make him uniquely suited to the role, at least in Trump’s eyes. Ferguson and Hippold wrote, “Trump believes he has found a successor who will align with his economic priorities in Warsh.”
The president has long bemoaned Fed officials who supposedly promise rate cuts, but then raise them once in office. “It’s too bad, sort of disloyalty, but they got to do what they think is right,” he said in a speech at Davos last year.
Trump has long pushed for lower interest rates, claiming that they are needed to spur his economic development plans. Powell’s refusal to acquiesce to the White House’s request led to political scandal.
Last year, the Department of Justice (DoJ) opened a criminal investigation into Powell, alleging that he misappropriated billions of dollars for new offices for the Federal Reserve.
A federal judge recently quashed the DoJ’s subpoenas in the case. Judge James Boasberg wrote in a memorandum opinion, “A mountain of evidence suggests that the dominant purpose is to harass Powell to pressure him to lower rates. For years, the President has publicly targeted Powell because the Fed is not delivering the low rates that Trump demands.”

Regarding his pick, Trump said in a January press event in the Oval Office that it would be “inappropriate” to ask Warsh about his stance on interest rates. “I want to keep it nice and pure, but he certainly wants to cut rates, I’ve been watching him for a long time.”
Just a couple of weeks later, in an interview with NBC, Trump said Warsh understands that he wants to lower interest rates. “But I think he wants to anyway. If he came in and said ‘I want to raise them’ […] he would not have gotten the job.”
But Warsh hasn’t “gotten the job,” at least not yet. He will face tough questioning from Democrats on the Senate Banking Committee, possibly as soon as April 13.
In a letter lambasting Warsh’s role in bailing out banks in 2008, Senator Elizabeth Warren, who serves on the committee, said, “I have no doubt that you will serve as a rubber stamp on President Trump’s Wall Street First agenda.”
Warren expected written responses to this, and to Warsh’s opinion about Trump’s “witch hunts” against Powell and Fed Governor Lisa Cook, by April 2.
Magazine: Nobody knows if quantum secure cryptography will even work
Crypto World
Hong Kong Misses March Deadline for Stablecoin Licences
Hong Kong’s first stablecoin licences failed to materialize by the expected end of March target, with the HKMA saying only that it is still advancing the process.
Hong Kong has missed an earlier end of March target for awarding its first stablecoin licences, with the Hong Kong Monetary Authority saying only that the licensing process is advancing and decisions will be announced shortly.
A spokesperson for the Hong Kong Monetary Authority (HKMA) told Cointelegraph that the HKMA is “actively taking forward the licensing matter and will announce further details in due course,” without offering a revised timetable.
The HKMA’s public register still showed no licensed stablecoin issuers at the time of writing.
The March timetable had been set out earlier by HKMA chief executive Eddie Yue, who reportedly told lawmakers in February that only a very small number of issuers would be approved initially and that reviews were focusing on use cases, risk management, anti-money laundering controls and backing assets.
HKMA misses March stablecoin target
Earlier reports indicated that global banking giants HSBC and a Standard Chartered-backed venture were among the frontrunners to receive approvals in the initial cohort, although the HKMA did not confirm the names of any successful applicants.
Hong Kong’s caution is partly a function of how strict the regime is. Cointelegraph previously reported that the city’s stablecoin framework requires issuers to fully back tokens with high-quality liquid reserves, process redemptions within one business day and maintain a physical presence in Hong Kong, alongside broader Know Your Customer and transaction monitoring controls.

The missed deadline comes as Hong Kong places stablecoin regulation at the heart of its strategy to become a global crypto and fintech hub.
China pressure clouds Hong Kong rollout
Cointelegraph previously reported that major fintech players, including Ant International, were preparing to seek Hong Kong stablecoin licenses as the city rolled out its new regime.
Related: How Hong Kong is turning tokenized bonds into real market infrastructure
In October 2025, the FT reported that Ant Group and JD.com had paused their Hong Kong stablecoin plans after regulators in mainland China, including the People’s Bank of China and the Cyberspace Administration of China, raised concerns about privately controlled digital currencies.
Big Questions: Is China hoarding gold so yuan becomes global reserve instead of USD?
Crypto World
Will BTC Price Hit $80K?
Michael Saylor’s Strategy (MSTR) looks set to restart its Bitcoin (BTC) accumulation engine after a short pause, with its STRC preferred stock likely funding fresh crypto purchases this week.
Key takeaways:
-
Strategy may purchase at least $76.25 million in Bitcoin this week.
-
Combined with a technical setup, Bitcoin may rise to $80,000 in April.
Strategy may buy at least 1,111 BTC this week
On Tuesday, STRC closed at $100.02, just above its $100 par value. Trading at or above par gives Strategy room to issue new shares, raise fresh capital and deploy the proceeds into Bitcoin.

Estimates from STRC.LIVE suggest Strategy had raised enough by Tuesday’s close to fund the purchase of more than 1,085 BTC, with the weekly total rising to over 1,111 BTC. That is equivalent to around $76.25 million.

This is a shift from the previous week, when STRC traded mostly below par and generated no estimated BTC purchases.
As of late March, the company held 762,099 BTC at an average acquisition price of about $75,694, according to its latest filings.
BTC rebounds as Strategy’s buying window reopens
The renewed buying window has coincided with a bounce in Bitcoin prices.
Since Tuesday, BTC/USD has climbed more than 5%, briefly reaching nearly $69,300. The move mirrors earlier gains seen during periods when Strategy was actively raising capital through STRC to buy Bitcoin.

One example came in the week ending March 15, when Bitcoin rose more than 10% despite weak broader risk sentiment. Over the same period, Strategy purchased 22,337 BTC worth about $1.57 billion.
The opposite dynamic emerged afterward. Bitcoin fell 14.55% over the next two weeks, roughly aligning with Strategy’s pause in purchases as STRC slipped below its $100 par value.
On March 23, Strategy unveiled a $44.1 billion capital-raising capacity to buy more Bitcoin via the sales of STRC and other preferred stocks, indicating that it would remain a meaningful source of Bitcoin demand in the coming months.
Stretch Dividend Rate maintained at 11.50% for April 2026. $STRC pic.twitter.com/8Jl0QlfNhK
— Michael Saylor (@saylor) April 1, 2026
Bitcoin eyes $80K after bouncing from flag support
From a technical standpoint, Bitcoin’s rebound began after it retested the lower boundary of its prevailing bear flag pattern as support.
BTC could advance toward the flag’s upper trendline near $80,000 in April if the recovery gains further traction, particularly if boosted by renewed Strategy buying and signs of easing Iran war tensions.

The $80,000 upside target also aligns with the 50-period exponential moving average on the three-day chart, making the area a key near-term resistance zone.
Related: Bitcoin ETFs post $1.3B in March inflows, first monthly gain of 2026
Conversely, Bitcoin risks losing the flag’s lower trendline support and confirming the pattern’s typical bearish breakdown if those supportive catalysts fade.
In that scenario, the measured downside target would come in near the $49,000–$50,000 zone. That aligns with the downside projections shared by multiple analysts in the past.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Crypto World
Franklin Templeton Expands Crypto Arm With CoinFund Deal
Global asset manager Franklin Templeton is set to expand its crypto footprint by acquiring a spinoff of the crypto-native investment firm CoinFund.
Franklin Templeton said Wednesday it plans to acquire 250 Digital, a CoinFund spinoff that runs liquid crypto investment strategies, expanding the asset manager’s digital asset business. The deal will form part of a new unit called Franklin Crypto once it closes.
The move follows CoinFund’s decision earlier this year to spin out its liquid strategies business into 250 Digital as the company sharpened its focus on venture investing.
Christopher Perkins will lead the new Franklin Crypto, and Seth Ginns will serve as chief investment officer alongside Franklin Templeton digital assets veteran Tony Pecore, as the company broadens its crypto investment platform for institutional clients.
The deal will incorporate BENJI tokens, which represent ownership shares in the Franklin OnChain US Government Money Fund (FOBXX), a regulated money market fund tokenized by Franklin Templeton in 2021.
Acquisition involves all liquid strategies previously run by CoinFund
Franklin said the undisclosed transaction includes the 250 Digital investment team and all liquid cryptocurrency strategies previously run by CoinFund, and that it will also invest in those strategies as part of the agreement.
The transaction is expected to close in the second quarter of 2026, subject to the execution of definitive transaction agreements, client consents and other customary closing conditions.

Franklin Templeton’s digital asset arm manages around $1.8 billion in assets and is a major institutional player in the crypto industry, where it has been building a presence since 2018.
The company is known for being one of the first to launch a US-listed spot Bitcoin ETF alongside other major asset managers such as BlackRock in 2024.
Related: Franklin Templeton, Ondo to launch tokenized ETFs with 24/7 trading via crypto wallets
The acquisition comes during a prolonged slump in the crypto market, with Bitcoin down around 45% from its peak above $126,000 recorded in October 2025.
However, Franklin Templeton says the environment is attracting talent and creating opportunities to build long-term infrastructure.
Franklin’s head of innovation, Sandy Kaul, told The Wall Street Journal the recent market selloff helped create an opening to expand.
“This big selloff that we had in the crypto markets is creating a very unique opportunity that really made us all decide that this is the right time to pull the trigger,” Kaul said.
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