Connect with us
DAPA Banner

Crypto World

Bitcoin rangebound as altcoins rally while derivatives signal downside risk: Crypto Markets Today

Published

on

Bitcoin rangebound as altcoins rally while derivatives signal downside risk: Crypto Markets Today

The crypto market continued to exhibit signs of choppiness on Friday, with bitcoin trading at $67,000 in the middle of a trading range that spans back to early February.

A selection of altcoins picked up during the lower liquidity Asia hours, prompting the likes of ALGO and RENDER to post double-digit gains over the past 24 hours.

But the wider picture remains the same; the crypto market is trading in a macro downtrend dating back to October, characterized by a series of lower highs nad lower lows.

U.S. equities trade flat on Friday as volatility continues to cool since Donald Trump’s comments about a potential end to the war in Iran on Monday.

Advertisement

Brent crude oil is trading at $109 a barrel, indicating that an end to the war is perhaps not as close as some analysts are predicting.

Derivatives Positioning

  • Futures markets for Bitcoin and Ethereum remained subdued, with the extended holiday weekend keeping trading volumes thin. Open interest in both assets was largely unchanged over the past 24 hours.
  • Open interest in Solana futures has climbed to over 65 million SOL, its highest level since Feb. 7. The increase, combined with negative funding rates and an OI-adjusted cumulative volume delta, suggests traders are increasingly positioning for downside, with short sellers showing greater conviction.
  • Similar bearish market dynamics are present TRX and BCH.
  • OI in Privacy-focused Zcash (ZEC) futures have steadied near 1.70 million ZEC for the third straight day. ZEC’s CVD is also the highest among majors. This combination suggests sustained positioning with strong directional conviction, likely driven by aggressive buying pressure.
  • Bitcoin’s 30-day implied volatility index has declined to 51.28%, the lowest since Feb. The market shows no signs of panic whatsoever despite geopolitical concerns and energy market volatility.
  • Ether’s volatility index has slipped to 72.55%, the lowest since Feb. 26.
  • On Deribit, bitcoin and ether puts continue to trade pricier than calls, indicating a bias for downside protection.
  • Glassnode said that the dealer gamma exposure below $68,000, all the way down to $50,000 is negative. This means that dealers could sell in a falling market to hedge their exposure, adding to downside volatility.

Token talk

  • The altcoin market has been relatively resilient to crypto’s choppy behavior this week, certain portions of the market have outperformed bitcoin and crypto majors, particularly DeFi and AI tokens.
  • The DeFi Select Index (DFX) is up by 1.3% since midnight UTC, while the CoinDesk Computing Select Index (CPUS) rose by 1.5%, beating the bitcoin-heavy benchmarks likes the CoinDesk 20 (CD20), which is up by just 0.16% on Friday.
  • The outperformance of certain altcoins is symptomatic of a consolidating market. When bitcoin and the majors trade flat, traders often speculate on lower liquidity altcoins. That speculation typically grinds to a halt when bitcoin is back deciding the next major market move.

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Stablecoins Moved More Money Than the US Financial System’s Backbone

Published

on

Stablecoin monthly transaction volume reached $7.2 trillion in February 2026, overtaking the Automated Clearing House (ACH) network’s $6.8 trillion for the first time.

The ACH is an electronic payment network in the United States that enables transfers directly between bank accounts. It has become the most widely used infrastructure for handling electronic money movement across the country.

Follow us on X to get the latest news as it happens

It’s a symbolically significant milestone showing how massive crypto payment rails have become. The February crossover did not happen in isolation.

Artemis data shows that stablecoin volume climbed further in March, reaching $7.5 trillion. That figure matched ACH over the same period.

Meanwhile, the stablecoin market has continued to grow. DefiLlama data showed that the market capitalization surpassed $316.7 billion, setting a new all-time high. 

Notably, a recent report revealed that stablecoins dominated crypto markets in Q1 2026. They made up 75% of total trading volume, the largest share on record. 

Advertisement

Overall transaction volume exceeded $28 trillion during the quarter, marking another all-time high. However, according to CEX.IO, automated trading played a major role, with bots responsible for 76% of the volume, the highest proportion seen in the past two years.

“Q1 2026 made the 2022 comparison hard to ignore. Stablecoin dominance rising sharply, capital rotating defensively, USDT and USDC diverging, automation surging, and retail pulling back — these patterns appeared together in mid-2022, and they are reappearing now. If broader bearish conditions persist through the year, stablecoins could see further demand and dominance gains in the coming quarters,” the report read.

The rising volumes reflect more than speculative activity. It also highlights the expanding use of these assets in real-world applications, including business-to-business (B2B) payments, cross-border transactions, and other financial activities.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post Stablecoins Moved More Money Than the US Financial System’s Backbone appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

IMF Says Tokenization Is a ‘Structural Shift’ in Finance, Not Just a Tech Upgrade

Published

on

IMF Says Tokenization Is a 'Structural Shift' in Finance, Not Just a Tech Upgrade

The International Monetary Fund also warns that the distribution and speed of on-chain transactions bring new challenges and risks that require international coordination.

In a new staff research note published on Thursday, The International Monetary Fund (IMF) argues that tokenization represents a “structural shift in financial architecture,” not just an incremental efficiency gain.

Authored by Tobias Adrian — the IMF’s Financial Counsellor and Director of the Monetary and Capital Markets Department — the report focuses on the tokenization of real-world assets (RWAs) within the regulated financial system, namely banks, finance infrastructure, and asset managers, arguing that’s where “the most consequential transformation occurs.”

Settlement Speed Is a Double-Edged Sword

The IMF’s core thesis is that tokenization doesn’t just make existing finance faster, but represents a shift in how trust, settlement, and risk management work. In TradFi, trust is embedded in regulated intermediaries and time-delayed processes (end-of-day settlement, batch reconciliation). Those frictions, the report notes, actually serve a purpose: they give regulators and institutions time to intervene before a crisis cascades.

Advertisement

Tokenization, which the note defines broadly as “the representation of financial assets and liabilities on programmable digital ledgers,” collapses those frictions, bringing what is generally referred to as the primary benefits of blockchain: near instant settlement, 24/7 liquidity, etc. But, the report notes, that this reduction of barriers introduces new challenges and risks.

“Liquidity demands materialize instantaneously,” the note warns, creating conditions where a smart contract bug or oracle failure could trigger a chain reaction before anyone can respond. The IMF argues:

“When trading, settlement, custody, and compliance are embedded in code, supervision must extend beyond market participants to the design, governance, and resilience of market infrastructures themselves. Failures can
originate in smart contracts, data feeds, or consensus mechanisms, rather than firm balance sheets.”

Who Controls the Money?

A major focus of the report is on the quetion of settlement assets. The IMF identifies three competing models: tokenized commercial bank deposits, regulated stablecoins, and what the report refers to as wholesale central bank digital currencies (wCBDCs), with each carrying different risk profiles.

Cross-Border Gaps and the Fragmentation Risk

The report highlights that a major concern around the tokenization of RWAs in regulated financial markets is jurisdictional: tokenized transactions execute across borders at machine speed, while resolution and crisis management frameworks are still built around nationally domiciled institutions.

Advertisement

“Tokenization challenges crisis management and resolution frameworks that are built around nationally domiciled institutions, territorially bounded infrastructures, and jurisdiction-specific legal authority.“

In its research note, the IMF calls for international coordination and legal frameworks that can govern code itself, not just the institutions that deploy it.

“The key levers of control may lie in governance keys, consensus mechanisms, or smart contract logic operating across borders,” the note reads — a setup where no single regulator has a clear handle.

The report lands as the value of tokenized RWAs continue to surge, driven in part by tokenized funds from TradFi giants like BlackRock, Franklin Templeton, and Janus Henderson.

In 2025, tokenized RWA value tripled over the course of the year as a wave of financial institutions began tokenizing U.S. treasuries, private credit, and other RWAs.

Advertisement

Industry forecasts project the sector could hit $100 billion by end of 2026, with more than half of the world’s 20 largest asset managers expected to have launched RWA tokens by year-end.

Meanwhile, stablecoins have already begun functioning as mainstream financial infrastructure, with the GENIUS Act providing U.S. regulatory clarity in mid-2025.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Source link

Advertisement
Continue Reading

Crypto World

Solo Bitcoin Miner Wins $210K Block Reward

Published

on

Bitcoin Price, Bitcoin Mining

A solo Bitcoin miner secured a roughly $210,000 block reward on Thursday, proving that the so-called “mining lottery” is still paying out even if industrial operators dominate the network.

The miner, connected to CKPool’s solo service, found block 943,411 and earned 3.139 BTC in subsidy and transaction fees, according to data from block explorer mempool.space.

Solo mining remains rare. Statistics compiled by Bennet’s tracker show that solo mining pools have found just 20 Bitcoin (BTC) blocks over the last 12 months, paying out a total of 62.96 BTC, roughly one win every 18.7 days on average. The longest “drought” between blocks was 58 days, and the previous solo win came on Feb. 28.

The win comes as Bitcoin mining grows increasingly competitive. Network difficulty, the measure of how hard it is to find a block, recently recorded its steepest adjustment since February, falling about 7.7% before rebounding 3.87% in the past 24 hours, reflecting weaker hashrate and briefly improving miners’ odds.

Advertisement

Bitcoin difficulty relief is fleeting

Even so, current difficulty levels remain near historic highs, meaning the probability of any single solo miner discovering a block is still vanishingly small.

Related: Solo Bitcoin miner bags over $200K block reward using rented hashrate

Public trackers like CoinWarz show Bitcoin’s difficulty has climbed orders of magnitude over the past decade, with only brief downward adjustments when miners switch off unprofitable rigs or redirect machines to other workloads such as artificial intelligence.

Bitcoin Price, Bitcoin Mining
Bitcoin difficulty over time. Source: CoinWarz

As difficulty grinds higher and input costs rise, the economics of mining increasingly favor large, well-capitalized operators over hobbyists.

Major listed Bitcoin miners are responding by reshaping their balance sheets and fleet strategies rather than betting on luck. Riot Platforms sold 3,778 BTC during the first quarter of 2026, according to a Thursday release, adding to a number of crypto miners and firms that have sold Bitcoin recently, including MARA Holdings, Genius Group and Nakamoto Holdings.

Advertisement

Against that institutional backdrop, the CKPool win stands out as a reminder that individuals can still, on rare occasions, beat the odds.

Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author