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Bitcoin Dips Below $70K as Regulators Signal Long-Term Growth

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Simon Peters, Crypto Analyst at eToro

This release reports a shift in Bitcoin trading as macro momentum and evolving U.S. regulation intersect with market infrastructure updates. The price moved below $70,000 after a brief rally to about $76,000 last week, reflecting broader expectations for higher-for-longer interest rates and addressable inflation risks. At the same time, the issuing authorities outlined a framework that places major crypto assets under the Commodity Futures Trading Commission’s jurisdiction, while signaling the potential for faster spot ETF approvals. The document also notes licensing developments in DeFi and ongoing policy discussions that could shape near-term market activity and long-term confidence.

Key points

  • Bitcoin traded below $70,000 after a peak of about $76,000 last week, with macro data and a hawkish Fed stance contributing to the move.
  • A US regulatory framework designates major crypto assets as digital commodities under CFTC jurisdiction, alongside existing listing standards that may quicken spot ETF approvals.
  • Advances on the CLARITY Act address stablecoin yield structures, signaling potential limits on passive yields while allowing returns tied to transactional activity.
  • S&P Dow Jones Indices has licensed Trade[XYZ] to launch the first officially licensed S&P 500 perpetual derivative on the Hyperliquid blockchain, expanding access for non-US investors.

Why it matters

Taken together, the release frames near-term volatility as tied to macro conditions while underscoring how regulatory clarity could attract institutional participation over time. The digital-commodity designation and broader listing standards may speed spot ETF approvals, widening the pathway for mainstream exposure. Moves on the CLARITY Act and DeFi licensing signal potential shifts in how crypto markets are structured and accessed, particularly for non-US investors leveraging cross-market products. Investors and builders should watch regulatory updates, ETF timelines, and licensing milestones to gauge how policy progress may translate into market dynamics.

What to watch

  • Regulatory: track progress and potential enactment of the CLARITY Act and its stablecoin yield framework.
  • ETF timelines: monitor whether spot crypto ETF approvals accelerate in light of the new framework.
  • Licensing milestones: observe developments around the S&P 500 perpetual derivative on Hyperliquid and related licensing deals.

Disclosure: The content below is a press release provided by the company or its PR representative. It is published for informational purposes.

Bitcoin Falls Below $70,000 Amid Macroeconomic Pressure; Regulatory Developments Signal Long-Term Growth Potential

Abu Dhabi, UAE – March 23, 2026: Bitcoin has retreated below the $70,000 mark following a recent peak of $76,000 last week, as macroeconomic headwinds weighed on investor sentiment. The decline was primarily driven by higher-than-expected US Producer Price Index (PPI) data, alongside a more hawkish tone from Federal Reserve Chair Jerome Powell, who highlighted rising oil prices as a potential inflationary risk.

Markets are now increasingly pricing in a prolonged period of elevated interest rates, with expectations that the Federal Reserve could hold rates steady through 2027. Continued geopolitical tensions in the Middle East and sustained high oil prices could further fuel inflation, potentially prompting additional rate hikes—historically a negative backdrop for cryptoasset performance due to tightening financial conditions.

Despite short-term volatility, regulatory developments in the United States are providing a more constructive long-term outlook for the crypto sector.

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The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly introduced a comprehensive cryptoasset classification framework. Under this framework, major cryptoassets including Bitcoin, Ethereum, Solana, and XRP have been designated as digital commodities, placing them primarily under CFTC jurisdiction rather than the SEC.

This classification, alongside previously approved generic listing standards, is expected to accelerate the approval timeline for spot crypto ETFs. Such developments could unlock significant institutional inflows and support long-term price appreciation across the sector.

In parallel, progress is being made on the proposed CLARITY Act, with reports indicating that US lawmakers and the White House have reached a tentative agreement on stablecoin yield structures. The proposed framework would restrict passive yield generation while allowing returns tied to transactional activities such as payments and trading. If enacted, the legislation could represent a major milestone in establishing regulatory clarity and fostering growth within the crypto market.

In the decentralised finance (DeFi) space, S&P Dow Jones Indices has announced a landmark licensing agreement with Trade[XYZ], enabling the launch of the first officially licensed S&P 500 perpetual derivative contract on the Hyperliquid blockchain. This innovation allows non-US investors to gain 24/7 leveraged exposure to the S&P 500 via a decentralised platform, supported by real-time index data.

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Following the announcement, Hyperliquid’s native token, $HYPE, rose 6% and is now up over 55% year-to-date, significantly outperforming major cryptoassets such as Bitcoin and Ethereum, which remain down over the same period. The performance reflects growing demand for decentralised infrastructure offering continuous access to both crypto and traditional financial markets.

Meanwhile, higher-risk assets such as memecoins—including $TRUMP, $PEPE, and $PENGU—were among the hardest hit during the recent market downturn, with declines of up to 20%, highlighting their elevated sensitivity to broader market movements.

Simon Peters, Crypto Analyst at eToro
Simon Peters, Crypto Analyst at eToro

Simon Peters, Crypto Analyst at eToro, commented: “While macroeconomic pressures have driven short-term volatility in crypto markets, the evolving regulatory landscape in the US represents a significant step forward. Greater clarity around asset classification and market structure could pave the way for increased institutional participation and long-term growth in the sector.”

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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HBAR price gains amid crypto uptick: where’s the major resistance?

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Hedera HBAR Price
Hedera HBAR Price
  • HBAR rose to above 0.095 as crypto sentiment improved following recent macro‑driven swings.
  • The $0.13-$0.15 zone could be a major resistance region for bulls.
  • Hedera price must reclaim and hold above $0.10 to confirm a potential trend reversal.

Hedera (HBAR) price jumped more than 5% in 24 hours as cryptocurrency markets flipped green, with bulls eyeing momentum amid optimism that the US-Iran war could end soon.

But as Hedera’s native token targets a breakout above the $0.10 mark, what resistance cluster is likely to derail buyers? The technical chart provides the outlook.

Here’s why HBAR price rose, testing a key level

Hedera’s HBAR rose to intraday highs near $0.095 on Monday as Bitcoin and the broader market reacted to geopolitical developments.

The move followed comments from Donald Trump suggesting easing tensions with Iran, which helped lift sentiment across risk assets.

Bitcoin climbed above $71,000 during the session, while BNB also moved higher toward $650, supporting gains in altcoins.

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Despite the initial relief, underlying uncertainty remains. Ongoing tensions linked to the Iran conflict and broader macroeconomic headwinds continue to limit upside across the crypto market.

Adding to the uncertainty, reports cited Iranian state media disputing Trump’s claims, stating that no negotiations are underway and rejecting his remarks.

Against this backdrop, HBAR’s near-term direction remains tied to broader market movements.

A renewed decline in Bitcoin could push the token back below the $0.09 level.

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On the other hand, sustained buying above current levels could open the door for further short-term gains, with a key resistance zone likely to define the next move.

Hedera price forecast: can bulls extend rally?

Analysts tracking Hedera highlight $0.10 as a key near-term pivot, with potential upside targets in the $0.13–$0.15 range.

This zone has recently acted as a ceiling for price advances, capping bullish attempts.

A sustained move higher would require HBAR to break above the 50-day exponential moving average near $0.098 and the 100-day EMA around $0.11.

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Clearing these levels would bring the token toward a primary resistance area near the 200-day EMA, around $0.13, which has marked recent rejection points.

Previous attempts to push higher have struggled to hold gains beyond the $0.15 level.

At present, HBAR is retesting the middle band of the Bollinger Bands on the daily chart.

The bands are tightening, indicating reduced volatility and suggesting that a breakout may be approaching, although confirmation is still needed.

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Hedera HBAR Price

Hedera HBAR chart by TradingViewFailure to clear this zone could see HBAR revert into a consolidation corridor within a long-term downward channel.

Conditions across the market could then mean an extended sideways action before clarity from macro or fundamentals becomes the next upside catalyst.

Bears may eye $0.07 and $0.06 as major support levels.

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Shibarium Begins Major Reindexing After Server Migration

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Shibizens confirmed that Shibarium completed a major server migration and full chain reindexing in the past 30 days.
  • The Shibarium explorer is about 45% synchronized as it rebuilds its database from scratch.
  • Displayed explorer data shows fewer blocks, transactions, and wallets due to incomplete indexing.
  • Actual on-chain data exceeds 14 million blocks and 1.56 billion transactions.
  • The real wallet count stands above 270 million addresses despite lower visible figures.

Shibizens reported a 30-day infrastructure overhaul across Shibarium systems. The update confirms a server migration and a full chain re-indexing process. The team clarified that the changes reflect upgrades rather than network slowdown.

Shibarium Infrastructure Rebuild and Explorer Reindexing

Shibizens stated that Shibarium completed a major server migration during the last 30 days. The team also initiated a full chain re-indexing to strengthen system capacity. They explained that the process rebuilds the explorer database from scratch. As a result, synchronization now stands near 45%. However, the explorer currently shows partial on-chain data. Shibizens stressed that this reflects indexing progress rather than missing blockchain records.

The group addressed visible discrepancies on the Shibarium explorer. Displayed data lists about 2.4 million blocks and 168 million transactions. In contrast, actual records exceed 14 million blocks and 1.56 billion transactions. Wallet data also differs across reports. The explorer shows about five million addresses, while real figures exceed 270 million addresses. Shibizens attributed the gap to incomplete indexing across nodes.

Shibizens stated that only 51% of blocks remain indexed. They cited Shibariumscan and Shibburn data to support the figure. They explained that indexing delays affect visible balances and NFT displays. However, they confirmed that on-chain assets remain intact. “Shibarium is not lagging,” Shibizens said. They added, “It is rebuilding at scale for what’s coming next.”

The team emphasized that token visibility depends on explorer synchronization. Therefore, some wallets may not reflect full holdings. They clarified that blockchain records remain unchanged during migration. They also confirmed that block production continues normally. Current block time averages about five seconds. The network continues processing transactions without interruption.

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Layer 3 Focus Expands Across Puppynet and SHIB Ecosystem

Shibizens reported that the development focus now shifts toward Layer 3. The team referenced Shib Alpha and ShibClaw within the roadmap. They indicated that testing efforts now concentrate on advanced scaling layers. Meanwhile, Puppynet continues to operate as Shibarium’s testnet. The team confirmed that AI-driven automated contract activity is increasing. However, block time stability remains steady at five seconds.

Over the weekend, Woofswap confirmed that Shibarium L3 remains under active testing. The participant shared limited details regarding technical specifications. Shibizens also confirmed that a new L3 explorer went live on March 21. The launch supports early testing and monitoring functions. They described the rollout as part of the broader infrastructure buildout.

Puppynet continues recording automated contract interactions across its network. Developers monitor activity patterns and test smart contract deployments. The testnet supports validation before mainnet integration. Shibizens reiterated that infrastructure upgrades support future expansion.

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SEC’s crypto interpretation heads to White House for policy scrutiny

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Crypto Breaking News

The U.S. Securities and Exchange Commission is advancing its framework to reinterpret how federal securities laws apply to crypto assets, moving two proposed rules to the White House for review. The centerpiece is an interpretive notice that could narrow the jurisdiction of federal securities laws over many digital assets, signaling a potential regulatory shift while the White House weighs the plan.

Regulatory records show the SEC submitted the two proposals to the Office of Management and Budget for review on a recent Friday, with one item explicitly detailing which digital assets the agency might deem securities under federal law. As of Monday, the record listed the package as “pending review” by the White House, a status that could influence both enforcement and regulatory posture depending on the administration’s assessment.

Key takeaways

  • The SEC forwarded two proposed rules to the White House Office of Management and Budget, including an interpretive notice on what digital assets could be securities.
  • Chair Jay (Paul) Atkins signaled last week that the agency would not treat four asset classes as securities: digital commodities, digital tools, digital collectibles (NFTs), and stablecoins, while offering a cohesive token taxonomy for these types.
  • The interpretive framework aims to clarify when a “non-security crypto asset” might qualify as an investment contract, providing regulatory guidance ahead of any potential congressional action.
  • The move follows a memorandum of understanding with the CFTC, underscoring growing cross-agency coordination as lawmakers consider a broader market-structure bill for digital assets.

SEC interpretive move and what it could mean for crypto regulation

The SEC’s latest step appears to aim at providing a more coherent framework for determining when a crypto asset falls under securities laws. In a notice released last week, Chair Atkins indicated that digital commodities, digital tools, digital collectibles—including non-fungible tokens—and stablecoins would not be treated as securities under the agency’s purview. The interpretive notice is described as establishing a “coherent token taxonomy” for these asset classes and addressing how a non-security crypto asset may or may not be considered an investment contract under the Howey test.

If finalized, the interpretive rule could serve as a bridge to crypto regulation while Congress debates a more comprehensive market-structure bill to bring clear, unified rules to the sector. The AML-style approach would aim to reduce regulatory ambiguity and potentially recalibrate how exchanges, custodians, and developers operate in the interim. The policy aligns with the agency’s recent collaboration with the CFTC, highlighted by a Memorandum of Understanding signed earlier this month to clarify jurisdictional boundaries and regulatory expectations in the crypto markets.

Regulators and market participants have long sought a stable, forward-looking framework that reduces uncertainty around whether a given token is a security. The SEC’s proposed taxonomy is meant to outline how different digital asset types should be treated, and crucially, when assets may still be subject to investment contract analysis even if they fall outside the securities umbrella. The White House review stage is a critical gate: a positive outcome could accelerate regulatory alignment, while a protracted or revised review could push the timetable for broader legislative action.

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Broader policy momentum: White House talks, stablecoins, and the CLARITY Act

Beyond the White House review, the crypto policy landscape continues to evolve at the congressional level. Politico reported on Friday that White House officials and lawmakers had reached an agreement in principle on some aspects of the crypto regime, including stablecoin yield considerations that could shape the market-structure bill’s trajectory in the Senate Banking Committee. However, the committee indefinitely postponed its markup of the bill in January after Coinbase CEO Brian Armstrong expressed public concerns about the legislation as written, underscoring the political sensitivity surrounding crypto regulation.

As of Monday, there had been no public announcement of a new date for the markup. Senate leadership outlined a workflow prioritizing other legislation, such as the SAVE America Act, before returning to bipartisan crypto debate. Senate Republicans and allies have signaled continued interest in a structured approach to digital assets, but the path remains contingent on both legislative negotiation and regulatory clarity from agencies like the SEC and the CFTC.

The ongoing discussions touch on the CLARITY Act, a proposed framework intended to clarify crypto markets and stablecoins under a market-structure agenda. The interagency dynamics—between the SEC’s jurisdictional interpretations, the CFTC’s role in cash and derivative markets, and congressional arbitration—will shape how quickly a final, enforceable regime can take effect, and what form it will take for issuers, exchanges, and users alike.

Investors and builders should watch two interlinked developments: the White House’s decision on the SEC’s interpretive rules and the progress (or stall) of the market-structure bill in Congress. While a regulatory pathway for many digital assets could reduce policy risk, it could also introduce new compliance obligations, particularly for entities operating in the cross-border or custody-heavy segments of the market. The tension between advancing a broad framework and accommodating industry concerns is likely to persist as lawmakers seek to balance investor protection with innovation.

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As the regulatory clock ticks, participants should monitor the White House’s review timeline, the final content of the interpretive notice, and any updates to the market-structure bill’s language—especially provisions around stablecoins and collateral use. The next few weeks could reveal whether the administration’s review will accelerate clarity or reveal remaining ambiguities that require legislative refinement.

What remains uncertain is how quickly the White House completes its review and whether Congress will greenlight a comprehensive framework on digital assets in the near term. For market participants, the key question is whether the unfolding process will reduce regulatory surprise or introduce new interpretive wrinkles that alter how tokens are categorized and traded.

Readers should keep an eye on updates from RegInfo.gov and official agency notices, as well as any new statements from Senators and regulatory staff about the CLARITY Act and related crypto amendments. The evolving stance from the White House and Congress will continue to shape the baseline for crypto regulatory risk, guiding how exchanges structure listings, how issuers approach token design, and how traders price risk in a landscape that remains in flux.

Investors and industry watchers should stay tuned to forthcoming White House feedback on the SEC’s proposals, the pace of the Senate Banking Committee’s work, and further clarity on how the CFTC and SEC will coordinate enforcement and policy in the months ahead.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Senators to Introduce Bill to Ban Sports Betting on Prediction Markets

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Senators to Introduce Bill to Ban Sports Betting on Prediction Markets

US Senators Adam Schiff and John Curtis are expected to introduce a bipartisan bill on Monday that would bar sports betting and “casino-style” contracts from prediction markets regulated by the Commodity Futures Trading Commission (CFTC), according to a Monday Wall Street Journal report.

“Too many young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not under federal regulators,” Senator Curtis, one of the bill’s co-sponsors, told the WSJ.

If introduced as reported, the measure would add to a widening Washington push against certain prediction market contracts. The report adds to the growing regulatory scrutiny over prediction markets, following renewed insider trading concerns sparked by the US-Israeli war with Iran.

On March 10, Schiff introduced the DEATH BETS Act, a bill seeking to prohibit CFTC-regulated prediction markets from listing contracts tied to war, terrorism, assassination and individual death.

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Related: Prediction markets boom on Iran bets as Congress eyes ban

Sports markets drive trading volume

Sports betting is a leading source of trading activity on prediction market platforms. Sports-related contracts accounted for 47.7% of Polymarket’s weekly notional volume and 78.8% for Kalshi last week, according to Dune data.

Sports betting generated $1.2 billion in weekly notional trading volume for Polymarket and $2.6 billion for Kalshi.

Polymarket, Kalshi, weekly notional volume by category. Source: Dune

State and federal lines blur

The regulatory pressure has also intensified outside Congress. On March 12, the CFTC  issued a staff advisory classifying event contracts on prediction markets as a “financial asset class.”

The commodities regulator also submitted an Advanced Notice of Proposed Rulemaking, asking for public feedback on how the Commodity Exchange Act (CEA) would apply to prediction markets. Polymarket and Kalshi are regulated by the CFTC as Designated Contract Markets (DCM).

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Related: Kalshi, Polymarket face trading halt in Nevada after court rulings

While CFTC Chair Michael Selig claimed the CFTC had “exclusive jurisdiction” over prediction markets, an Ohio judge tested that claim in a March 9 ruling, saying that Kalshi had failed to show the CEA “would necessarily preempt Ohio’s sports gambling laws,” or that these sports betting contracts would fall under the “exclusive jurisdiction” of the CFTC.

On Friday, a Nevada judge temporarily blocked Kalshi from offering sports, election and entertainment event contracts in the state for 14 days, finding regulators were reasonably likely to succeed in arguing the markets violated Nevada gambling law.

Cointelegraph approached the senators for comment and a copy of the draft bill.

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Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users