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KuCoin’s Sabina Liu on Where Crypto Growth Is Coming From in 2026

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KuCoin’s Sabina Liu on Where Crypto Growth Is Coming From in 2026

Paris Blockchain Week showed us how the digital asset market is developing in 2026. Discussion across the event focused on regulation, investor demand, tokenization, and the conditions needed for growth.

In an exclusive interview with BeInCrypto, Sabina Liu, Managing Director EU at KuCoin, shares her view on the current cycle, the rise of institutional participation, and the areas attracting the most attention in Europe.

The interview also covers macro liquidity, the outlook for tokenized real-world assets, Europe’s role in regulated digital asset growth, and the market assumptions Sabina Liu believes deserve a second look.

Q1. Your panel looks at the digital asset forecast for 2026. From where you sit, what feels genuinely different about this cycle?

This cycle feels different because activity is becoming less momentum-driven and more rooted in long-term market development. We’re seeing stronger institutional participation alongside continued retail engagement, with increasing convergence between TradFi and DeFi. That is influencing market flows, but also the way products are being designed and distributed across the ecosystem.

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At the same time, areas like tokenization, particularly RWAs, are progressing from experimentation into adoption, especially on the demand side. This is being supported by greater regulatory clarity, participation from TradFi players, and the growth of on-chain infrastructure.

Overall, the focus is turning toward distribution and a more compliant, sustainable framework for long-term growth.

Macro liquidity remains an important backdrop for digital asset markets, as it does across most asset classes. It can influence risk appetite, capital flows, and short-term market activity.

What also stands out in this cycle is how the market is developing beyond liquidity conditions alone. We’re seeing continued progress in infrastructure, growing institutional participation, and early traction in areas like tokenization and RWAs.

Liquidity may influence the pace of growth, but the durability of that growth will depend on structural factors such as regulatory clarity, product maturity, and the depth of market infrastructure.

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Q3. RWA keeps coming up as one of the major opportunities ahead. What do you see as the main challenge in distribution today, especially in Europe?

Tokenization of RWAs is gaining momentum, but distribution remains one of the key challenges.

There is progress on the infrastructure and supply side, yet distribution still depends on the strength of the use case and the ability of participants or investors to access these products within a clear and consistent regulatory framework.

Scalable distribution will require alignment across infrastructure, regulation, and user access so RWAs can develop into more accessible investment products.

Q4. Do you think Europe is in a strong position to lead the next phase of regulated digital asset growth?

Europe is well positioned to play a leading role in the next phase of regulated digital asset growth. The region has taken meaningful steps to establish a clear and structured regulatory framework, which gives the market a strong base for trust across the ecosystem.

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That clarity becomes increasingly important as the market matures and institutional participation grows. It allows platforms, counterparties, and investors to operate with greater predictability and confidence, which is essential for long-term capital formation.

Q5. Which types of institutions do you think are most likely to drive meaningful market growth in 2026?

Firms established under MiCAR in Europe are likely to play an important part in bringing further adoption among retail and institutional investors who have not previously participated in digital assets.

The rising issuance of stablecoins is also likely to drive innovation and payment use cases, which will require further tokenization of HQLAs.

At the same time, more institutional investors are allocating capital into the digital asset space. Overall, the market is developing into a more mature ecosystem.

Q6. There is a growing view that the real test for this market is not how much short-term capital it can attract, but how well it can support long-term capital. Do you agree?

To a degree, yes. Long-term capital supports market depth, resilience, and sustainable growth, while short-term capital can still drive activity. Both have a place in the ecosystem, and both serve different investment intentions.

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For the market to support long-term capital effectively, it needs to demonstrate trust through compliance, governance, and reliable infrastructure. The platforms and markets able to meet those standards will be in the strongest position to support the next stage of growth.

Q7. Looking ahead through the rest of 2026, what is one market assumption you think people should stop repeating?

One common assumption is that the market will continue to behave mainly as a momentum-driven, retail-led cycle.

What we are seeing instead is a transition toward a more institutional and infrastructure-led phase, where capital allocation decisions are becoming more long-term and supported by clearer frameworks.

The post KuCoin’s Sabina Liu on Where Crypto Growth Is Coming From in 2026 appeared first on BeInCrypto.

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DeFi traders are stacking risks on top of Strategy’s risky STRC

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DeFi traders are stacking risks on top of Strategy’s risky STRC

Strategy (formerly MicroStrategy) already pays 11.5% annualized dividends on its ultra-risky Stretch (STRC) but DeFi users are now adding risks and leverage to crank that up to 39%.

In finance, interest rates are often dictated by the risk of total loss. With very few exceptions, when someone offers a higher interest rate, it’s because they’re much more likely to not pay you back.

Unbothered, traders are now re-routing Strategy’s dividend payouts through multiple blockchain protocols to manufacture yields of double, triple, or more what STRC actually pays.

They add future obligations in exchange for near-term payouts, take advantage of temporary incentives for obscure DeFi protocols, and add exotic forms of leverage to amplify the notional exposure of an otherwise small investment.

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In the curious underworld of tokenized STRC, there are at least five protocols offering the financial machinery for DeFi yield farmers, not to mention the risks of the custodians and technology providers involved with these protocols.

A daisy-chain of DeFi risks to amplify STRC

Apyx wraps roughly $136 million of STRC into a synthetic stablecoin-like token called apxUSD. Saturn packages approximately $85 million worth of STRC into its USDat product. Another tokenization protocol xStocks put approximately $53 million worth of STRC on-chain. 

Meanwhile, Pendle Finance splits these STRC tokens and the dividends paid to STRC stockholders into separately tradable, fixed-rate and floating-rate components, and Morpho provides the loan-looping mechanism at the end to add even more financial leverage on these instruments.

Depositing assets to borrow these tokens, which trade under a variety of ticker symbols like STRCx, apyUSD, apxUSD, USADT, sUSADT, strcUSX, traders borrow tokens, re-deposit some portion of those loan proceeds to take out more loans, re-deposit some portion of those loan proceeds to take out more loans, and so on.

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The more loops and the smaller the range of prices that a user collateralizes, the higher the probability that the protocol will forcibly liquidate the position.

Irresponsible dividends, amplified

The base yield of STRC with no tokenization whatsoever is already extreme. STRC pays 11.50% annualized, roughly 450 basis points above the average junk bond.

Indeed, Strategy has hiked its dividend rate seven times since launching STRC at 9% in July 2025. 

Each hike tacitly admitted that demand at the prior rate was too weak to hold up STRC’s secondary trading on Nasdaq at its intended $100 per share.

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Read more: We calculated the present value of STRC — it’s bad for MSTR

Rather than ease up on leverage in light of the thinning air, DeFi’s response has been to treat 11.5% as a stable case on which to construct even higher artifices.

Apyx Finance closed a $300 million valuation round in February as a self-described dividend-backed stablecoin protocol.

It issues apxUSD backed by STRC and a related preferred like Strive’s STRC-like SATA, with apyUSD as the yield-bearing version of the same claim. Saturn Credit raised $800,000 from Sora Ventures and Changpeng Zhao’s YZi Labs in January to run the same play through USDat and sUSDat.

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Both of these STRC tokenizers wrap their resulting tokens into Pendle, where PT-apyUSD locks in fixed yields of roughly 14.84%.

Users then deposit those PT tokens on Defi protocol Morpho as collateral to borrow USDC at rates as low as 1.59%.

The arithmetic isn’t subtle. A 5x leverage loop landed on a 64% APY. A separate analyst account documented 39% APY.

Hoping and praying STRC never de-pegs for long

On April 14, STRC was approaching its monthly dividend snapshot date, going “ex-dividend” in the parlance of Wall Street, causing its price to decline. That sag dragged sUSDat’s exchange rate below the high-water mark Pendle uses to govern yield accrual for the Saturn token. 

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Pendle had to explain this basis phenomenon to its users. “Yield accrual on YT-sUSDat is currently paused due to STRC’s ex-dividend event on 14 April, which pushed the exchange rate below the watermark,” it said.

It reassured holders that “If STRC recovers to $100, the watermark is recaptured, yield accrual resumes, and your total earnings will be ultimately unaffected.”

As always, the conditional “if” is doing a lot of heavy lifting.

Indeed, if STRC trades near $100 and pays dividends near 11.5% forever, everything will work out wonderfully.

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In fact, STRC fell to $90.52 on November 21, 2025, and to $93.10 in February 2026. That’s why the dividend rate is where it is. It shouldn’t be a mystery as to why Strategy needs to pay such as higher dividend rate.

Unfortunately for STRC traders in DeFi, neither is guaranteed. The quasi-peg has already failed twice in the last six months. Moreover, Strategy’s board of directors can cut the dividend at its discretion.

DeFi traders are also exposed to countless numbers of protocol, blockchain, smart contract, and custodian risks that multiply these risks even higher.

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

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The signal bitcoin (BTC) price momentum traders have been waiting for is here

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BTC's daily price swings in candlestick format with key averages. (TradingView)

Bitcoin pushed above $78,000, lifting the broader crypto market. The move came as risk sentiment improved after U.S. President Donald Trump extended the ceasefire with Iran. Stock index futures also gained.

The cryptocurrency’s ascent ended the weeks of choppy trading between $65,000 and $75,000 that defined March and early April, finally giving momentum traders the green signal they had been waiting for.

Momentum traders buy when they see proof that an upward trend is underway. Bitcoin’s breakout is exactly that, and more buyers could pile in as a result, adding to the momentum. As the first law of motion says: An object in motion stays in motion until an outside force acts upon it, though Sir Isaac Newton may not have been thinking of financial markets at the time.

“The market spent months capped in the 65 to 75 box. Breaking out of that kind of range matters because it changes behavior. Sellers who were comfortable fading rallies above 74 now have to reassess. Momentum buyers who were waiting for confirmation finally have something to lean on,” analysts at Marex said.

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Onchain indicators suggest the same. For instance, the number of coins held in wallets tied to centralized exchanges has dropped to a fresh multiyear low of 2.67 millon BTC, according to data source CryptoQuant. It points to continued investor accumulation, which could culminate in a supply shock.

“Bitcoin supply on exchanges continues to shrink, with fewer coins available to sell, more BTC moving to long-term holders, and liquidity tightening. Bitcoin is becoming increasingly scarce – supply down means volatility up,” Delta Exchange said on X.

Still, QCP Capital is urging caution, noting the persistent relative richness of bitcoin put options on Deribit. Puts are used as a hedge against potential price drops in the underlying asset. It added that crypto trends currently seem tied to the price of oil and the interest-rate outlook.

“The path forward remains anchored to oil and policy. A move lower in crude or clearer Fed signaling would support risk. Absent that, markets are likely to remain in a holding pattern, pricing uncertainty rather than resolution,” the Singapore-based firm said in a market update.

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In traditional markets, WTI crude futures are trading around $90, having bounced from a low of $78 on Friday.

In the broader market, DeFi security risks remain an issue as hacks proliferate. Early today, the Sui-based Volo protocol was drained of over $3 million just days after the KelpDAO event that caused collateral damage across the sector. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

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Today’s signal

BTC's daily price swings in candlestick format with key averages. (TradingView)

The chart shows bitcoin’s daily price movements in candlestick format, with lines indicating the 100-day and 200-day average prices.

BTC’s price has established a firm foothold above the 100-day average, represented by the white line. This is pivotal because the 100-day average capped the bounce in January, following which sellers re-established control, leading to a deeper crash to nearly $60,000.

Now the price has pierced through, which typically signals a strengthening of bullish momentum, focus shifts to the 200-day average, currently positioned at $85,900.

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WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

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WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

WOJAK crypto is moving again, and the meme coin faithful are paying attention. The original despair-fueled token surged as much as 87% in a 24-hour window, reigniting a sector that many had written off after months of sideways consolidation.

Whether this leg holds or fades fast is the question every trader is asking right now.

The rally appears supply-driven. On-chain data tracked by MEXC shows aggressive accumulation alongside a tightening circulating supply, with whale wallets absorbing selling pressure at key floor levels.

Volume spiked into the move, a distinction that separates genuine breakouts from low-liquidity noise. One chart making rounds on Crypto Twitter shows WOJAK printing its highest weekly close since its 2023 peak. That kind of structure demands a closer look.

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The broader ETH memecoin sector is catching a bid at the same time, suggesting this isn’t an isolated pump. Ethereum-based meme tokens are drawing renewed capital as gas conditions improve and risk appetite expands, a context that matters when sizing any position here.

Can WOJAK Crypto Price Sustain Its Breakout or Is a Reversal Imminent?

WOJAK crypto is currently priced at approximately $0.0₆1021, sitting on a market cap of roughly $41.5M after the multi-day surge. That’s a meaningful number, small enough to move fast, large enough to attract institutional-grade meme traders who track this tier specifically.

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The move here is not just a one-candle spike; it looks like sustained buying over a short window, with volume well above average, which usually signals real interest rather than a quick pump.

The structure is pretty clean when viewed in market-cap terms. Right now, the key resistance sits around $50M, and that is the level that decides whether this continues or stalls.

Source: Tradingview

If it breaks above $50M with volume holding, that is where momentum can expand fast and open the path toward $100M as the next target, especially with traders chasing strength.

If it gets rejected there, the more realistic outcome is a cooldown, with price settling and accumulating around the $30M area while the market digests the move.

The risk is that it starts losing structure rather than consolidating, because once distribution kicks in, these moves unwind quickly.

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And at this size, the further it runs without a reset, the worse the risk-reward gets, so anyone entering now is chasing momentum, not early positioning.

Maxi Doge Presale Nears $5M as WOJAK Traders Hunt Earlier-Stage Upside

WOJAK’s surge is validating the meme coin thesis — but at $21.5M market cap and already up 187%, the easy money has cleared the table (that’s just math). Traders who want the next WOJAK-style move, not the current one, are looking earlier in the funnel.

Maxi Doge ($MAXI) is currently the presale generating the most discussion in that context. Built on Ethereum as an ERC-20, the project has raised $4,748,137.43 at a current price of $0.0002814 — closing in hard on the $5M milestone.

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The concept is built around a 240-lb canine juggernaut embodying a 1000x leverage trading mentality: gym-bro energy meets aggressive market culture, packaged into holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury backing liquidity and partnerships.

Recent coverage confirms the presale’s momentum toward that $5M threshold. Dynamic staking APY is live for current holders. The tagline, never skip leg-day, never skip a pump, is aggressively on-brand for the audience it’s targeting.

Presales carry real risk: no secondary market liquidity until launch, and meme projects live or die on community velocity. Do the work. But for traders who missed WOJAK’s entry, Maxi Doge is worth researching before that $5M milestone closes the current tier.

Visit Maxi Doge Here

The post WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026 appeared first on Cryptonews.

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Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

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Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

Bitcoin (BTC) price metrics are showing relief this month, but the risk of repeating the 2022 bear market remains.

Key points:

  • Bitcoin’s Bull Score Index combined price metric reaches its highest levels since October last year.

  • The relief may be short-lived, analysis warns, pointing to the 2022 bear market.

  • Crypto sentiment reaches its most bullish since January, per the Crypto Fear & Greed Index.

Bitcoin Bull Score Index ditches “bearish” zone

New data from onchain analytics platform CryptoQuant place the spotlight on the Bitcoin Bull Score Index (BSI).

Bitcoin has finally entered “neutral” territory with its push to $78,000, the latest BSI data confirms, with the Index climbing to its highest since October 2025.

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BSI incorporates nine price metrics to give an overall impression of performance. Since the bear market began, it has been sharply bearish — just as in the early stages of the previous bear market four years ago.

“First time in this bear market that the Bull Score Index enters neutral zone (50),” CryptoQuant contributor Julio Moreno noted in an X post on Wednesday.

Bitcoin Bull Score Index. Source: CryptoQuant

Moreno cautioned that despite the pressure being off for now, BSI also had a brief cooling-off period before the 2022 bear market continued.

“In March 2022, the Bull Score entered neutral territory for about a week, and then the price resumed its decline,” he added.

Should history repeat, attention will be on the Index’s performance into the April monthly close, as BTC/USD attempts to break out of a multi-month range.

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Examining BSI readings last week, with price around $74,000, CryptoQuant contributor Arab Chain described a “balance between supply and demand forces.”

“On the other hand, the current BSI reading shows that the market is still far from the area of strong optimism (above 60), which typically indicates strong bullish conditions, while also remaining above the zone of extreme pessimism (clearly below 40),” they wrote in a “QuickTake” blog post. 

“This places the market in a transitional phase, as investors await new catalysts to determine the next direction.”

Sentiment edges to most bullish since January

Other signs of a broader market recovery come from crypto trader sentiment.

Related: BTC price due new highs: Five things to know in Bitcoin this week

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According to the Crypto Fear & Greed Index, a classic lagging indicator that uses a basket of factors to reflect the mood among investors, conditions are at their least negative since mid-January.

Fear & Greed measured 32/100 on Wednesday — still within its “fear” zone while like BSI also approaching the “neutral” bracket.

The Index value has nearly tripled in a little over a week.

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Crypto Fear & Greed Index (screenshot). Source: Alternative.me