Crypto World
Whale Behavior in DeFi Markets
How Smart Money Moves Liquidity, Shapes Narratives, and Hunts Inefficiencies In DeFi, price doesn’t move because of vibes. It moves because of its size.
Whales — wallets controlling massive amounts of capital — are the invisible hands that shape liquidity, trigger volatility, rotate narratives, and quietly accumulate before retail even notices. If you want to survive (and thrive) on-chain, you don’t fight whales. You study them.
Let’s break down how they actually operate.
1️⃣ Who Are “Whales” in DeFi?
A whale isn’t just someone with a big bag. In DeFi, whales typically include:
What makes them powerful isn’t just capital — it’s coordination, speed, and access to data.
They don’t trade charts.
They trade liquidity, incentives, and psychology.
2️⃣ How Whales Move Markets
A. Liquidity Deployment & Withdrawal
In DeFi, liquidity is power.
When whales add liquidity to pools:
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Yields compress
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Slippage decreases
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Protocol TVL spikes
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Confidence increases
When they withdraw:
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TVL drops
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Yields spike
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Fear spreads
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Smaller LPs panic
A single large liquidity removal from a lending protocol can send shockwaves across borrowing rates.
B. Yield Farming Rotation
Whales constantly rotate capital to optimize emissions.
They:
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Enter early during high token incentives
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Farm aggressively
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Dump emissions into strength
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Exit before APY normalizes
This is why new farms look explosive at launch — and dry up 2–4 weeks later.
If you see sudden TVL spikes in a new protocol, ask:
Is this organic growth… or mercenary capital?
C. Governance Power Plays
DeFi governance is often token-weighted. Translation?
Capital = influence.
Whales can:
Some whales accumulate governance tokens quietly, then surface during critical votes. If you ignore governance flows, you’re missing half the story.
D. Liquidity Hunts & Stop Sweeps
In on-chain perpetual DEXs, whales often:
It’s not manipulation — it’s game theory in an open ledger system.
DeFi transparency means everyone sees the liquidation levels.
Guess who has enough capital to push prices into them?
3️⃣ Smart Whale Patterns to Watch
Here’s where things get interesting.
🧠 Early Accumulation Before Incentives
Whales often accumulate before:
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Token listings
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Major integrations
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Incentive campaigns
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Governance proposals
On-chain accumulation > Twitter hype.
🔁 Capital Rotation, Not Exit
When markets “crash,” whales often don’t leave crypto.
They rotate:
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From volatile tokens → stablecoin yield
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From farming → lending
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From altcoins → ETH/BTC
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From DEX perps → staking
Retail sees “exit.”
Whales see repositioning.
📉 Buying Fear Events
Bridge hacks, exploit rumors, governance drama — these are discount windows.
If fundamentals remain intact, whales accumulate during panic.
They sell optimism, not fear.
4️⃣ Real DeFi Examples of Whale Impact
Without naming specific wallets, history shows patterns across major ecosystems:
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During DeFi Summer, massive capital rotated between Curve, Yearn, Compound, and Sushi depending on emissions.
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When L2 ecosystems launched incentive programs, whales bridged millions within hours.
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In lending protocols, whale repayments have instantly normalized borrowing rates.
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Governance whales have swung DAO votes by double-digit margins.
In every cycle, whales front-run narrative shifts.
5️⃣ Tools to Track Whale Activity
If you’re serious about DeFi alpha, use data.
-
On-chain explorers (Etherscan, Arbiscan, etc.)
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Wallet tracking dashboards
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Governance vote monitors
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TVL analytics (DeFiLlama)
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Token flow analytics
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Liquidation dashboards
Watching price without watching wallets is like watching the ocean surface and ignoring the currents underneath.
6️⃣ How Retail Can Use Whale Behavior
You don’t need whale capital.
You need whale awareness.
✔ Follow liquidity, not hype
✔ Track sudden TVL spikes
✔ Watch governance accumulation
✔ Study stablecoin inflows/outflows
✔ Avoid farming too late in incentive cycles
The edge isn’t predicting the market.
It’s understanding who has the power to move it.
7️⃣ The Harsh Truth
Whales don’t hate retail.
They just play a different game.
They optimize:
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Risk-adjusted yield
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Liquidity depth
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Incentive schedules
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Token unlock calendars
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Governance timing
Meanwhile, retail often trades narratives without checking on-chain flows.
That mismatch? That’s the opportunity.
Final Thought
DeFi is radically transparent. Every move is public.
Whales leave footprints — you just need to know where to look.
If you learn to interpret capital rotation, liquidity shifts, and governance positioning, you stop reacting to volatility… and start anticipating it.
And in DeFi, anticipation beats emotion every single time.
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Summary
- Gnosis, Zisk and the Ethereum Foundation unveiled the Ethereum Economic Zone (EEZ) at EthCC in Cannes to unify fragmented Ethereum layer-2 networks.
- The framework targets over 20 L2s securing roughly $40 billion in value, enabling synchronous composability without relying on bridges and standardizing ETH as gas.
- Early backers include Aave and Centrifuge, with developers calling EEZ a “new era” for on-chain applications as Ethereum grapples with slowing fee revenue and a weaker deflationary narrative.
The Ethereum (ETH) ecosystem took aim at one of its biggest structural weaknesses at EthCC 2026, as Gnosis, Zisk and the Ethereum Foundation publicly launched the Ethereum Economic Zone (EEZ), a rollup framework designed to knit together an increasingly fractured layer‑2 landscape. Revealed on March 29 at the Palais des Festivals in Cannes, the initiative seeks to make dozens of Ethereum L2s behave “like one unified system,” in the words of project backers, by restoring synchronous composability between rollups and Ethereum mainnet while keeping security anchored to the base chain.
Ethereum Economic Zone launches
More than 20 operational Ethereum L2s currently secure about $40 billion in assets, yet function largely as isolated ecosystems, each with its own liquidity pools, deployments and bridge infrastructure. “Ethereum doesn’t have a scaling problem. It has a fragmentation problem,” Gnosis co‑founder Friederike Ernst said in comments shared with crypto media, arguing that “every new L2 that goes live has its own liquidity pool and bridging, creating another isolated walled garden.” The EEZ framework instead allows smart contracts on participating rollups to perform synchronous calls with each other and with Ethereum mainnet in a single atomic transaction, using ETH as the default gas token and removing the need for separate bridge protocols.
At EthCC, Ernst and Zisk developer Jordi Baylina presented the EEZ as an explicitly Ethereum‑aligned answer to the user‑experience and capital‑efficiency frictions created by the network’s L2‑centric scaling roadmap. According to coverage from outlets such as The Block and CoinDesk, the collaboration is co‑funded by the Ethereum Foundation and launches with Aave, Centrifuge and a Swiss‑based EEZ Alliance among its early partners, underscoring that DeFi blue chips see value in shared liquidity and cross‑rollup settlement. “The zone will facilitate a new era of blockchain innovation,” Zisk’s CEO Maria Roberts told conference attendees, adding that developers will be able to plug existing applications into the framework “pretty easily.”
The timing is not accidental. Ethereum’s shift of activity toward cheaper L2s has reduced fee revenue on mainnet and softened the narrative of ether as a strongly deflationary asset, with ETH trading near $2,000 even as the network still secures roughly $53 billion in DeFi total value locked and about $163 billion in stablecoins, according to recent market data cited by Phemex. By unifying L2 liquidity and simplifying cross‑network flows, EEZ’s architects are betting that a more cohesive Ethereum stack can keep capital and users inside the ecosystem, even as competing smart contract platforms and modular architectures fight for market share.
Kaiko reports Alameda gap still existsIn separate reporting on EthCC, organizers have described 2026 as “the year of professionalisation of Ethereum and the wider crypto ecosystem,” with the conference’s move to Cannes and the launch of institutional‑focused forums like Kaiko’s Agora strengthening the sense that Ethereum’s next phase will be defined as much by market structure and infrastructure as by new token launches.
Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.
In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.
His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.
“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.
Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.
Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case
Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.
Lawmakers pressing CFTC on insider trading claims over prediction markets
US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.
While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.
In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.
Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.
Naoris Protocol has launched its mainnet, introducing a layer-1 blockchain designed to use post-quantum cryptography for transaction validation and network security. The network is live with limited, invite-only participation, allowing early users to run validator nodes and process transactions.
According to an announcement shared with Cointelegraph, it integrates cryptographic standards finalized by the National Institute of Standards and Technology (NIST) to address risks in existing blockchains, where current encryption methods could become vulnerable over time.
Before mainnet, the protocol’s test network processed more than 100 million transactions and identified hundreds of millions of potential threats, according to the project, with activity spanning millions of wallets and nodes.
The system uses a consensus model called distributed proof of security (dPoSec) to verify transactions across nodes, while the NAORIS token is intended to support network operations as the economic model develops.
The rollout begins with a restricted group of validators and partners, with broader access expected to expand in phases.
The project lists advisers with backgrounds in cybersecurity, government and enterprise technology, and is backed by investors including Draper Associates.
Related: Is $450B in Bitcoin vulnerable to the quantum threat? Analysts weigh in
New research suggests quantum computing may arrive sooner than expected
The launch comes as revised estimates for quantum computing, which uses qubits and quantum states to process information differently from classical computers, are driving efforts to move away from current cryptographic standards.
New research from Google released on Monday suggests quantum computers may need far fewer resources than previously thought to break blockchain encryption. The study found fewer than 500,000 physical qubits could crack systems securing Bitcoin (BTC) and Ether (ETH), a roughly 20-fold reduction from earlier estimates.
The findings point to a shorter timeline for quantum risk, with Justin Drake, a researcher at the Ethereum Foundation, estimating at least a 10% chance that a quantum computer could recover a private key by 2032.
Researchers at California Institute of Technology working with Oratomic reached similar conclusions, recently finding that improvements in error correction (which reduce the number of qubits needed to stabilize computations) could lower the requirements for practical systems to 10,000 to 20,000 qubits, down from earlier assumptions of millions.
Based on these reductions, the researchers said a viable quantum computer could emerge by around 2030.
Blockchain developers are beginning to respond. In January, developers in the Solana ecosystem introduced a quantum-resistant vault that uses hash-based signatures to generate new keys for each transaction, reducing the exposure of public keys.
On March 24, developers from the Ethereum Foundation launched a “Post-Quantum Ethereum” resource hub outlining plans to upgrade the network’s cryptography, targeting protocol-level changes by 2029 while also noting the multi-year complexity of such a transition.
Crypto World
Crypto Will Never Die As Iran Signals De-Escalation and Whales Are Quietly Buying Pepeto While Retail Panics
The correction looks like chaos, but the pattern tells a different story. Bitcoin was born in 2009 after the 2008 crisis wiped out trillions, while banks got bailouts. Now, Iran’s president signaled readiness to end the war this week, sending crypto, stocks, gold and silver rallying simultaneously as markets priced in de-escalation for the first time since the conflict began according to Decrypt.
Governments that hold BTC in federal reserves need the price higher to manage $36 trillion in debt, and Fear 8 is designed to move cheap coins from retail into the wallets that understand the cycle.
The crypto news matters because the same forces shaking out retail are the ones that need crypto to explode, and while that shakeout runs, more than $8.69 million flowed into one presale.
Pepeto filled stages during extreme fear with the Binance listing confirmed, and the Pepe cofounder plus exchange tools plus confirmed listing is the rarest combination crypto produces once per cycle, because meme energy plus real utility at the same time is the setup that delivers the return.
The Real Crypto News: Iran De-Escalation Signals Recovery While Governments Need BTC Higher
BTC was added to US federal reserves because the national debt exceeds $36 trillion and holding assets that appreciate helps service it without printing more dollars, according to CoinDesk. Iran’s president signaling willingness to end the conflict sent Bitcoin climbing above $68,000 in hours as traders priced in the possibility of geopolitical stabilization for the first time this year according to Decrypt.
The Fear and Greed Index at 8 is the shakeout that transfers cheap coins from retail to large wallets, and on chain data shows whales continuing to accumulate BTC while retail sold, according to CoinGecko.
The crypto news confirms that the people who control the market are buying what retail is selling, and the presale crossing $8.69 million during that fear proves where the smart capital goes next.
The Exchange the Whales Are Entering Because the Tools Are What Makes the Listing Deliver
Pepeto
The verified exchange keeps filling while the broader market corrects, and more than $8.69 million flowing in during Fear 8 tells you everything about who is buying and why. Pepeto is at the center of the crypto news that matters.
The platform puts every tool in one clean window. No jumping between tabs. Every tool is labelled and one action away from protecting your capital or pointing you toward the entry others miss. PepetoSwap removes every trading fee, and the cross chain bridge moves tokens at zero cost.
More than $8.69 million raised at $0.000000186 with 190% APY staking compounding positions while stages fill. SolidProof confirmed every contract is clean, and the mind behind the original Pepe coin that hit $11 billion on 420 trillion tokens put together the exchange with a former Binance expert directing the tools.
The Binance listing approaches, and the window at current pricing closes fast. After listing, price discovery begins, and the entry disappears permanently. Analysts project 100x, and Pepeto at this level could be the strongest move before the crypto news turns positive and the shakeout ends.
Solana
SOL trades at $86.08 according to CoinMarketCap, after declining from highs earlier this year. Bulls must defend $75 or risk a slide to $65.
Longer term targets point toward recovery, but that requires months of patience and geopolitical relief that is only now beginning to surface with the Iran de-escalation signals, while the presale at 100x from one listing delivers sooner.
River
River climbed 38% weekly after finding support with resistance above and a path higher if buying holds.
Strong weekly numbers, but the verified exchange with $8.69 million raised and a confirmed Binance listing at 100x offers the wider return from one event.
Crypto News Confirms the Pepe Cofounder Plus Exchange Plus Listing Is the Rarest Combination
The crypto news signals a potential turning point as Iran’s president opens the door to de-escalation, and governments that need BTC higher will eventually get what they need, but the 100x potential from the verified presale makes it the strongest move for anyone who wants to be on the right side of the cycle instead of the losing side.
The Pepeto official website is where entering now while whales load and retail panics is how you position alongside the same capital that built the recovery from every crisis, because the Pepe cofounder plus verified exchange tools plus confirmed Binance listing is the combination that delivers returns once per cycle, and the wallets inside already know it.
Click To Visit Pepeto Website To Enter The Presale
FAQs:
What is the real story behind the current crypto news correction?
Governments holding BTC in federal reserves need the price higher to manage debt. Iran signaling de-escalation sent markets rallying. The Fear 8 reading is a shakeout designed to transfer cheap coins from retail to whales.
Why are whales entering the Pepeto presale, according to the crypto news?
The verified exchange raised more than $8.69 million during extreme fear with a confirmed Binance listing. The Pepeto official website is where the same conviction driving institutional accumulation is flowing into the presale.
Will the crypto news improve, and should the reader wait for better conditions?
Iran de-escalation signals suggest the market may be turning, but the presale price disappears when the listing arrives. Waiting means paying the listing price instead of the presale price.
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 bull cycles over the past 5 years have been mostly about token speculation and, more recently, institutional adoption. But the next cycle will be dominated by real-world applications, according to Clem Chambers – founder of ADVFN, Europe’s leading stocks and markets website
Speaking at BeInCrypto’s Markets Intelligence Council, Chambers argued that the industry is moving past its trading-driven cycle.
“That era has probably ended and certainly is coming to an end. And then that will be replaced by use cases,” he said, pointing to a structural change in how value is created in crypto.
The Trade Is Crowded, The Utility Isn’t
His comments come as the current cycle shows clear divergence between price action and underlying activity. Bitcoin and Ethereum continue to attract institutional flows, especially in a post-ETF environment.
However, capital is concentrating at the top, while mid-tier tokens struggle to hold attention or liquidity.
At the same time, a different layer of the market is gaining traction. Tokenized real-world assets, stablecoin-based payment rails, and blockchain infrastructure tied to AI and data are seeing steady growth.
These sectors generate usage, fees, and in some cases, real revenue — something most speculative tokens failed to deliver in previous cycles.
Forget Tokens, Think Products
Chambers framed this shift bluntly.
“Forget Fi and look for apps, not Fi, apps, applications of tokens and blockchains,” he said.
Earlier cycles focused on financial primitives — DeFi protocols, yield farming, and token trading. The emerging trend centers on applications that users interact with directly, often without focusing on the underlying token.
This aligns with broader market signals in 2026. Tokenized funds from firms like BlackRock and growing stablecoin usage in payments show how blockchain is embedding into existing financial systems.
Meanwhile, infrastructure sectors such as decentralized physical networks and AI-linked protocols are attracting developer activity and venture funding.
However, this transition is uneven. Speculative trading still drives short-term price moves, and retail participation remains largely momentum-based.
Many application-layer projects also struggle with user retention and monetization.
Even so, the direction is becoming clearer. If previous cycles were driven by narratives around tokens, the next phase may depend on whether blockchain-based applications can deliver consistent utility.
Chambers’ argument reflects a broader reality: the market is starting to reward usage over hype.
Whether that shift fully defines the next cycle will depend on how quickly these applications can scale beyond crypto-native users.
The post The Next Crypto Bull Run Won’t Be About Coins or Viral Hype appeared first on BeInCrypto.
Drift Protocol, a decentralized cryptocurrency exchange (DEX), detected “unusual” trading activity on the platform on Wednesday, warning users not to deposit funds until the issue has been resolved.
The Drift team did not disclose the specific cause of the ongoing incident or the damage in its initial announcement and is currently investigating the issue.
In a subsequent update, the Drift team announced that deposits and withdrawals on the platform have been suspended.
Blockchain cybersecurity threat researcher Vladimir S said the exploit was likely due to a crypto wallet private key leak, and the total funds lost in the incident could be as high as $200 million.
“Admin signer was compromised, or whoever controls it intentionally executed these changes,” he said.
The stolen assets include wrapped versions of Bitcoin (BTC), Jito (JTO), the Fartcoin (FRT) memecoin, other altcoins, and various dollar, euro, and Japanese yen stablecoins, which have since been transferred to multiple wallets, according to Vladimir S.
The exploiter started converting the stolen assets to the USDC (USDC) stablecoin, bridging the funds to the Ethereum network and purchasing Ether (ETH), according to Solana treasury company DeFi Development Corp.
Cointelegraph reached out to Drift Protocol but did not receive an immediate response by the time of publication.
Cybersecurity exploits and hacks were responsible for $49 million in crypto losses during February, a sharp decrease from January, but a reflection of the ongoing security threats users and platforms face.
Related: Resolv temporarily halts protocol to ‘contain the impact’ of 80M USR exploit
Drift token impacted by the exploit
The price of the Drift (DRIFT) token briefly reached $0.68 on Wednesday, but fell by about 18% following news of the exploit, according to data from CoinMarketCap.
About 83% of the native crypto tokens of hacked platforms never recover to pre-hack prices, according to blockchain security company Immunefi.
“The stolen funds are only the first layer of damage,” Immunefi CEO Mitchell Amador told Cointelegraph in March.
“What follows is often more destructive: sustained token price suppression, reduced treasury capacity, leadership disruption, lost development time, and erosion of user trust,” he added.
Magazine: WazirX hackers prepped 8 days before attack, swindlers fake fiat for USDT: Asia Express
Crypto World
Paradigm Is Building a Prediction Markets Trading Terminal Targeting Professional Traders
TLDR:
- Paradigm partner Arjun Balaji has been leading the trading terminal project since late 2025 for pro traders.
- The firm is exploring prediction market indexes by bundling multiple markets into one single tradable product.
- Kalshi, backed by Paradigm, has raised at least $1 billion, pushing its valuation to a record $22 billion.
- Paradigm is raising up to $1.5 billion for a new fund expanding beyond crypto into AI and robotics sectors.
Paradigm, the prominent crypto venture capital firm, is developing a prediction markets trading terminal, sources say.
Partner Arjun Balaji has been leading the project since late 2025. The terminal targets professional traders and market makers. Paradigm has declined to comment on the initiative.
This move comes as mainstream financial institutions rush to capitalize on prediction markets’ growing popularity across sports, elections, and crypto pricing.
Paradigm Eyes Market-Making and Index Products
Beyond the trading terminal, Paradigm is weighing whether to establish an internal market-making desk. Two sources confirmed the firm has actively discussed this possibility. A market-making desk would position Paradigm as a direct participant, not just an infrastructure builder.
Separately, a third source says Paradigm is working with researchers on prediction market indexes. The concept involves bundling multiple prediction markets into one tradable product.
This mirrors how the S&P 500 packages hundreds of stocks into a single instrument. The firm has already started collecting prediction market data into a public dashboard.
Sources familiar with the matter noted that Balaji has been working on the terminal project since late 2025. They spoke on condition of anonymity to discuss private business dealings. Paradigm’s spokesperson declined to comment when approached for a response.
This activity places Paradigm squarely inside a rapidly growing sector. Prediction markets have become one of Silicon Valley’s most discussed areas over the past year. Traditional financial players are also moving in, adding further competitive pressure.
Kalshi and Polymarket Drive Sector Valuations Higher
Paradigm has been a consistent backer of Kalshi, one of the two dominant prediction market platforms. The firm joined three successive Kalshi fundraising rounds in 2025. Paradigm also led a December round that valued Kalshi at $11 billion.
Kalshi has since raised at least $1 billion in new financing, bringing its valuation to $22 billion. Paradigm co-founder Matt Huang sits on Kalshi’s board of directors.
One source confirmed that Paradigm’s trading terminal is “not competitive with Kalshi’s platform,” drawing a clear line between the two products.
Rival platform Polymarket is also seeing sharp valuation growth. The Wall Street Journal reported Polymarket is in talks to raise at a roughly $20 billion valuation.
A new venture firm focused entirely on prediction markets has also emerged, backed by the CEOs of both platforms.
Paradigm’s prediction markets push fits within a wider expansion beyond crypto. The firm is raising up to $1.5 billion for a new fund covering AI and robotics alongside digital assets.
The Wall Street Journal recently reported on the fund’s broader scope, marking a clear shift in Paradigm’s investment direction.
EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services.
The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing to route order matching through EDX’s existing platform.
In its application, the company said the model is intended to address structural risks in crypto markets, where trading, custody and brokerage are often combined within a single platform, creating potential conflicts of interest and single points of failure.
EDX said the trust bank would provide fiduciary asset management services, invest client cash and stablecoin balances in highly liquid assets, and facilitate trading through a riskless principal model with end-of-day net settlement.
The bank would operate online from Chicago and target institutional clients such as broker-dealers, futures commission merchants and registered investment advisers, according to the filing.
EDX said moving these functions into an OCC-chartered entity would allow it to offer services nationwide under a single regulatory framework while meeting custody requirements for regulated institutions.
Founded in 2022, EDX Markets is backed by traditional market participants including Citadel Securities, Virtu Financial, Fidelity Digital Assets and Hudson River Trading.
Related: Fed’s Barr backs stablecoin clarity but warns of run risks
Crypto companies seek US bank charters
The application comes as crypto and financial companies increasingly pursue national trust bank charters to expand institutional services under federal oversight.
Earlier this month, Zerohash, a blockchain infrastructure company, applied for a US national trust bank charter to expand its stablecoin and custody services for banks, brokerages and fintechs.
Other recent applicants include Coinbase, which applied in October and is still awaiting a decision, as well as Laser Digital and Payoneer, which filed applications earlier this year to expand custody and stablecoin-related payment services.
Traditional financial institutions are also entering the space. In February, Morgan Stanley applied for a de novo trust bank charter to support digital asset services through a separate entity.
At the same time, the OCC has continued approving applicants, issuing conditional licenses last month to Bridge, Stripe and Crypto.com, following approvals in December for Ripple Labs, Circle Internet Group, Fidelity Digital Assets, Paxos and BitGo.
However, the pace of approvals has drawn scrutiny. In February, the American Bankers Association urged the OCC to slow the process, citing unresolved oversight under pending US stablecoin legislation.
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.
New Hampshire’s Bitcoin-backed municipal bond receives Ba2 rating from Moody’s, marking the first instance of a public finance instrument backed by cryptocurrency.
SpaceX Files Draft for Potentially Stratospheric IPO
THIS IS NEXT FOR BITCOIN…
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