Crypto World
Bitcoin Tops $71K as Crypto Short Squeeze Triggers $100M Liquidations
TLDR:
- Bitcoin surged above $71K, triggering a crypto short squeeze that liquidated over $100M in bearish positions.
- Ethereum followed Bitcoin’s breakout, reclaiming $2,050 as the crypto market cap expanded rapidly.
- Over $150B flowed back into the crypto market within 36 hours as momentum traders returned.
- Analysts identify $75K BTC and $2,100 ETH as major liquidation zones in derivatives markets.
Crypto Short Squeeze is driving renewed momentum across digital asset markets after Bitcoin climbed above $71,000 and Ethereum moved past $2,050. The rally triggered more than $100 million in short liquidations across major exchanges within 36 hours.
Bitcoin Breakout Triggers $100M Short Liquidation Cascade
Crypto Short Squeeze activity intensified after Bitcoin reclaimed the $70,000 psychological resistance level. The breakout triggered forced liquidations across derivatives markets.
Data from trading platforms shows that more than $100 million worth of short positions were liquidated. Traders who expected lower prices were forced to close their positions.
When short traders exit losing positions, they must buy the asset back. That process creates additional upward pressure on price.
Bitcoin’s price increased by roughly 8.61% during the last 36 hours. The rally added nearly $113 billion to the asset’s total market capitalization.
Technical charts show consecutive higher highs and higher lows during the surge. This pattern reflects steady buying pressure during the breakout.
The move above $70,000 also triggered clusters of stop-loss orders. Many short sellers placed liquidation levels just above that resistance zone.
Once those orders were activated, automated buying accelerated the rally. Such chain reactions often amplify volatility in derivatives-driven markets.
Meanwhile, total cryptocurrency market capitalization expanded by nearly $150 billion during the same period. This rapid increase suggests both liquidation-driven demand and fresh spot buying.
Ethereum Rally and Key Liquidation Zones at $75K and $2,100
Crypto Short Squeeze momentum extended to Ethereum as the asset climbed above $2,050. The second-largest cryptocurrency mirrored Bitcoin’s breakout strength.
Ethereum recorded an 8.18% gain during the same 36-hour period. The move added about $19 billion to Ethereum’s market capitalization.
Price action shows buyers defending higher support levels since the $1,930 consolidation region. This structure indicates continued participation across large-cap cryptocurrencies.
While both assets moved higher, derivatives heatmaps reveal new liquidation zones forming. These zones could influence the next price movements.
Bitcoin currently faces a dense cluster of short positions between $74,000 and $75,500. Analysts describe this area as a liquidity magnet for leveraged traders.
If Bitcoin reaches $75,000, forced buying from liquidated shorts could accelerate the rally. Some traders expect rapid movement toward $78,000 if liquidation pressure builds.
Ethereum faces a separate liquidation structure near $2,100. Many leveraged long traders placed liquidation levels around that support region.
Estimates indicate nearly $850 million in Ethereum long positions remain exposed near that price range.
If Ethereum drops toward $2,100, automated selling could trigger a long liquidation cascade. Under that scenario, the next major support level appears near $1,900.
Such divergence between Bitcoin and Ethereum would increase volatility across crypto markets. Traders would also watch Bitcoin dominance as capital shifts between major digital assets.
Ripple has announced plans to secure an Australian financial services license by acquiring a local payments firm in the country.
Summary
- Ripple plans to obtain an Australian Financial Services License through the acquisition of BC Payments Australia.
- New regulations set to take effect by June 30, 2026, would require crypto companies operating in Australia to obtain a license.
Ripple said it will obtain the AFSL license through the acquisition of BC Payments Australia Pty Ltd, a payments company linked to the European Banking Circle Group. A deal is still underway and is expected to close on April 1 after the standard closing process is finalized.
“Australia is a key market for Ripple,” Ripple’s APAC Managing Director Fiona Murray said in an accompanying statement, adding that it will help Ripple Payments “manage the full lifecycle of a transaction, from onboarding and compliance through funding, FX, liquidity management, and final payout, while integrating both traditional banking rails and digital assets.”
Ripple’s decision to pursue the license comes as Australia’s financial regulator has unveiled updated regulations for the country’s crypto sector.
Starting June 30, 2026, crypto firms operating in Australia would be required to obtain an Australian Financial Services License before they are allowed to offer certain financial services to local customers.
Over the past years, Ripple has expanded its global regulatory footprint by focusing on securing licenses across key markets around the world.
In 2025 alone, Ripple managed to secure payment licenses in Singapore, the UAE, and the UK. The company was also granted conditional approval for a national trust banking charter by the U.S. Office of the Comptroller of the Currency alongside a handful of other firms.
Securing these regulatory approvals has helped Ripple strengthen its push for broader institutional adoption of the XRP (XRP) ecosystem and its flagship stablecoin RLUSD.
As previously reported by crypto.news, Ripple became one of the world’s top most valuable private companies, with its valuation reaching roughly $50 billion.
Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief of Australia’s securities regulator.
In a paper presented at the Melbourne Money & Finance Conference on Wednesday, Australian Securities and Investments Commission’s (ASIC’s) head of fintech, Rhys Bollen, said crypto should be regulated on “economic substance rather than technological form.”
Tokenized securities should fall within securities laws, and stablecoins should trigger payment services legislation, Bollen said, while noting that other elements of crypto may be subject to consumer protection laws.
Bollen’s approach contrasts with crypto-specific regulatory frameworks in other countries, such as the CLARITY Act in the US and the Markets in Crypto-Assets Regulation framework in Europe.
Bollen argued that the three main financial functions — capital allocation, payments and risk management — have evolved with technological advancements and that distributed ledger technologies, such as blockchain, shouldn’t be treated differently:
“Digital assets largely represent new technological instances of longstanding financial activities. While the mechanisms of issuance, transfer and record-keeping have changed, the underlying economic functions served by these instruments have not.”
“Regulatory systems have repeatedly adapted to technological change – from paper instruments to electronic records – without abandoning foundational principles such as consumer protection, market integrity and systemic stability,” Bollen added.
Australia isn’t crafting one big crypto bill
Australia is already starting to adopt this approach, with the main piece of crypto legislation, the Digital Asset Framework bill, seeking to merely amend parts of the Corporations Act, Bollen said.
“The Bill does not abandon the existing financial services framework. Instead, it introduces tailored amendments that integrate digital asset platforms into the established regulatory architecture.”
The Australian crypto market has also been given guidance through ASIC Information Sheet 225, which states that existing definitions of “financial product” and “financial service” under the Corporations Act can apply to digital assets.
“ASIC’s guidance explicitly rejects the notion that digital assets constitute a discrete asset class for regulatory purposes,” Bollen said. “Instead, it confirms that a digital asset may fall within the regulatory perimeter where it functions as a security, derivative, managed investment scheme interest or non-cash payment facility.”
Bollen said a focus on “economic characteristics rather than technological labels” would enable regulators to provide clearer rules to market participants while reducing “opportunities for regulatory arbitrage.”
Related: Ripple targets April for Australian financial license via acquisition
ASIC Information Sheet 225 is also focused on the regulation of intermediaries rather than tokens, with Bollen noting that most consumer harm in the digital asset industry has stemmed from the conduct of crypto platforms offering custody, trading, lending or yield services.
Decentralized offerings still tricky to regulate
Bollen acknowledged that classification issues may arise with decentralized products or services, though he said legal analysis should focus on practical control and benefit, rather than formal claims of decentralization:
“Where identifiable parties exercise influence over protocol design, governance, or economic outcomes, regulatory obligations can and should attach.”
Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns
Artificial intelligence is being reframed as a fundamental utility rather than a purely productivity unlock, according to Jensen Huang, the founder of Nvidia. In a blog post this week, Huang portrays AI as essential infrastructure on par with electricity and the internet. He argues the facilities that design chips, operate data centers, and deploy AI applications represent the largest infrastructure buildout in human history. The sentiment is tempered by the recognition that the job of constructing and maintaining this ecosystem will be enormous, spanning a wide array of skilled trades. The analysis arrives as Nvidia (NVDA) continues to benefit from surging demand for AI hardware, a cycle that has propelled its stock higher in the past 18 months. (EXCHANGE: NVDA)
Huang’s “five-layer cake” concept frames AI infrastructure as a stacked, interdependent system. In his view, energy supplies the base; AI chips drive computation; the underlying infrastructure enables services and platforms; AI models provide reasoning and intelligence; and applications translate capabilities into real-world use cases. The blog argues that the architecture must be rebuilt almost from scratch to accommodate autonomous reasoning, real-time inference, and on-demand intelligence, rather than merely following stored instructions. This restructuring implies not only new factories and fabs but also a reimagining of operational workflows across industries. The five-layer framework has quickly become a touchstone for executives and policymakers contemplating how to allocate capital and talent in the AI era.
AI isn’t a single model. It’s a full stack.
Energy. Chips. Infrastructure. Models. Applications.
That’s the five-layer cake powering the largest industrial buildout in history — and the jobs, factories and AI applications rising with it. pic.twitter.com/rwxO6fdTnE — NVIDIA Newsroom
Huang notes that much of this infrastructure has yet to exist and requires a workforce that is still in short supply. The emerging demand for AI data centers—capable of housing powerful GPUs, high-speed networks, and robust cooling—will demand electricians, plumbers, steelworkers, network technicians, and operators. These are not entry-level roles; they require specialized training and experience, aligning with a broader push for skilled labor across advanced manufacturing and digital-enabled services. As the AI buildout accelerates, Huang argues, the scale of the opportunity will extend beyond any single country or sector, touching a wide spectrum of industries and geographies.
The AI boom’s corporate beneficiaries have become a focal point for investors. Nvidia, already a dominant supplier of AI accelerators, has emerged as one of the biggest winners in the current cycle. Its shares have surged more than 1,300% since 2023, a rally that followed the public release of ChatGPT and the ensuing AI race. The company’s role at the center of both the hardware ecosystem and the software-enabled AI pipeline has reinforced its status as a core proxy for AI demand, even as critics argue the cycle may be tempered by regulatory scrutiny, supply chain constraints, and macro headwinds. (EXCHANGE: NVDA)
Within this broader narrative, Huang’s comments echo a larger industry trend: the AI data-center expansion is reshaping employment patterns and wage prospects in specialized trades. A recent wave of corporate restructurings—at Block, Pinterest, and Dow—has highlighted how AI-enabled efficiency and automation are influencing staffing decisions. Block, Inc. announced a large-scale workforce reduction, a move its co-founder attributed in part to AI-enabled restructuring. Pinterest and Dow also cited AI as a driver for workforce reductions, underscoring a common theme: automation and AI adoption can compress roles while intensifying demand for high-skilled positions in AI hardware, data-center operations, and software engineering. Analysts at Goldman Sachs have characterized AI-driven layoffs as visible but modest, suggesting the macro impact on unemployment might be gradual even as the technology accelerates. (EXCHANGE: SQ)
The story also intersects with broader market dynamics. Nvidia’s ascent underscores the hardware supply chain’s centrality to AI-enabled growth, a trend that has implications for other technology equities and for sectors linked to data-center energy consumption. The AI infrastructure cycle is a reminder that the push into AI is not merely a software upgrade; it is a capital-intensive, global effort that requires policy alignment, capital allocation, and a capable workforce. As capital continues to flow into data centers, chip manufacturing, and related services, the demand for skilled labor, reliable power, and resilient networks is likely to remain a core feature of the investment landscape. (EXCHANGE: NVDA)
AI’s footprint in the economy is expanding rapidly, and Huang’s framework suggests a multi-decade horizon for the buildout. AI data centers will need not only hardware but also the operational expertise to install, maintain, and secure complex systems. The labor market for skilled trades—traditionally insulated from pure software cycles—could see persistent demand for technicians who can design, install, and upgrade AI-ready infrastructure. This reality may influence everything from wage dynamics to vocational training programs, and it could even shape incentives for crypto mining and other power-intensive activities that rely on cost-effective, scalable AI-capable hardware and energy platforms. The net effect is a gradual, rather than explosive, reallocation of resources toward AI-enabled capabilities across industries. (EXCHANGE: PINS; EXCHANGE: DOW)
As the AI narrative matures, investors and policymakers will be watching how the five-layer cake translates into real-world deployments and jobs. Huang’s estimate that “hundreds of billions” have already been invested, with trillions more to come, highlights the scale of the opportunity—and the risk of bottlenecks in supply chains, talent, and regulatory frameworks. In parallel, financial markets will assess whether the AI infrastructure cycle can sustain a broader earnings and growth trajectory for hardware suppliers, cloud providers, and software developers delivering AI-powered services. The cross-currents—tech capex, energy demand, labor shortages, and macro risk sentiment—will continue to shape how this AI era unfolds. (EXCHANGE: NVDA; EXCHANGE: SQ; EXCHANGE: PINS; EXCHANGE: DOW)
Why it matters
For investors, Huang’s framework reframes AI from a short-term optimization trend to a structural, capital-intensive expansion that will require a steady inflow of funding and a highly skilled workforce. The implied long horizon for infrastructure expenditure could sustain demand for AI accelerators, data-center gear, and software ecosystems for years, potentially supporting a more durable equity narrative for hardware-centric players and cloud providers. For builders and operators, the emphasis on a multi-layer stack underscores the importance of resilient, scalable energy, cooling, and networking capabilities. It also highlights the need for training pipelines that can deliver electricians, technicians, engineers, and operators who understand AI workloads from edge to core. For policy and macro participants, the discussion points to the macroeconomic implications of a large-scale industrial transition that could influence employment, wage dynamics, and regional competitiveness as nations compete to attract investment in AI-enabled infrastructure.
From a market-structure perspective, the AI infrastructure wave intersects with broader sectoral trends, including data-center consolidation, hyperscale capacity expansion, and the ongoing evolution of industrial tech. While the short-term price moves in any given stock or token can be volatile, the longer-term signal is one of sustained, capital-intensive growth in a space that sits at the convergence of compute, energy, and human capital. Crypto markets, which have historically been sensitive to energy pricing, risk sentiment, and technology cycles, may experience indirect effects as AI-driven optimization and automation influence energy demand, hardware pricing, and risk-off/ risk-on dynamics across tech-heavy equities. The net takeaway is a cycle that rewards suppliers of AI hardware, creators of AI software, and the labor ecosystem that will build and maintain the infrastructure of the AI era.
What to watch next
- Capital expenditure plans from Nvidia and peers to expand AI data-center capacity, with quarterly updates and guidance.
- Trends in skilled-labor supply for AI infrastructure, including training program developments and wage indicators for electricians, network technicians, and operators.
- Regulatory developments affecting AI deployment, energy efficiency standards, and data-center permitting in key markets.
- Announcements of new AI-enabled products or services from leading cloud providers and hardware suppliers, including integration of AI models into enterprise workflows.
Sources & verification
- Jensen Huang’s blog post outlining the “five-layer cake” framework: https://blogs.nvidia.com/blog/ai-5-layer-cake/
- Article discussing AI data centers and bitcoin mining considerations: https://cointelegraph.com/news/ai-data-centers-local-resistance-bitcoin-mining
- NVIDIA becomes a leading AI boom beneficiary (AI hardware dominance): https://cointelegraph.com/news/nvidia-becomes-first-4t-market-cap-company-on-ai-boom
- Block, Inc. layoffs attributed to AI-driven restructuring: https://cointelegraph.com/news/jack-dorsey-block-cuts-4000-jobs-ai-restructuring
- Pinterest and Dow announcements linking AI to workforce reductions: https://cointelegraph.com/news/ai-use-work-causing-brain-fry-say-researchers
- Goldman Sachs analysis on AI-driven layoffs and unemployment trends: https://finance.yahoo.com/news/goldman-sachs-warns-ai-fueled-layoffs-could-raise-the-unemployment-rate-this-year-chart-154251740.html
What the story means for the market
The trajectory Huang sketches positions AI infrastructure as a multiyear, capital-intensive cycle that could recalibrate how investors value hardware suppliers, cloud platforms, and enterprise software tied to AI workloads. As the industry navigates talent shortages, energy considerations, and macro uncertainties, the sector’s performance will hinge on the pace of data-center expansion, the efficiency of AI training and inference pipelines, and the alignment of policy with rapid technology adoption.
//platform.twitter.com/widgets.js
Crypto World
Can XRP break $100 in a single day? Retail investors are searching for passive income opportunities
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Rising interest in XRP is pushing investors to explore passive income strategies, with platforms like NOW DeFi gaining attention for cloud mining and automated crypto earnings.
Summary
- Many XRP investors are looking for passive income options such as staking, DeFi yields, and cloud mining.
- Platforms allow users to participate in Bitcoin mining without hardware by renting hash power remotely.
- NOW DeFi offers features like free hash power rewards, AI mining optimization, and renewable-energy mining infrastructure.
As sentiment in the cryptocurrency market begins to recover, XRP has once again become one of the focal points for investors. Discussions surrounding XRP’s future price potential have intensified in recent weeks, with some analysts even speculating whether the asset could see a sharp surge in a very short period if market momentum continues to strengthen.
While the idea of XRP reaching $100 within a single day remains largely speculative, a more practical trend is becoming clear: an increasing number of retail investors are no longer focusing solely on price movements but are also searching for cryptocurrency investment methods that can generate consistent income.
Amid rising market volatility, passive income, automated earnings strategies, and low-barrier participation models are becoming new areas of interest. Particularly as popular assets like XRP regain market attention, some investors are turning their focus toward cloud mining, DeFi yield products, and automated digital asset platforms.
What passive income opportunities are XRP investors exploring?
In the current market environment, many investors are increasingly looking for opportunities that offer:
- Income models that do not rely on frequent trading
- Participation methods that require little technical expertise
- Platform-based services that can grow alongside the crypto market
Among these options, cloud mining is re-emerging as a popular choice among investors.
Compared with traditional hardware-based mining, cloud mining eliminates the need to purchase expensive mining machines or manage electricity, cooling, and maintenance costs. Users simply register on a platform and select a contract to participate in cryptocurrency mining through remote computing power.
For retail investors who are watching XRP’s price action while also seeking passive income opportunities, this model is becoming increasingly attractive.
Five passive income strategies XRP investors are paying attention to
1. Digital Asset Staking
Staking is one of the most common passive income strategies. By locking certain digital assets, users can earn rewards distributed by platforms or blockchain protocols.
This method is relatively easy to use, though returns are often closely tied to the volatility of the underlying asset.
2. DeFi Yield Protocols
DeFi protocols allow users to generate returns through liquidity provision, lending, or yield aggregation.
While flexible, these strategies often require a higher level of risk awareness and understanding.
3. Automated Trading Strategies
Some platforms offer quantitative or automated trading strategies designed to capture opportunities in volatile markets.
However, such products can be more complex and rely heavily on the platform’s trading algorithms.
4. Cloud Mining Platforms
Cloud mining is increasingly viewed as an alternative to traditional cryptocurrency mining.
Instead of purchasing hardware, users can access mining power through cloud-based platforms and participate in the mining rewards of cryptocurrencies such as Bitcoin.
For investors seeking a lower technical barrier and more automated income generation, this approach is gaining traction.
5. Platforms Combining Cloud Mining and DeFi
As more platforms integrate infrastructure with yield mechanisms, services that combine cloud mining with DeFi features are attracting a new wave of crypto users.
These platforms typically emphasize simplified registration, automated reward distribution, and streamlined user experiences.
Why NOW DeFi is attracting attention from XRP and crypto investors
Among the many platforms available today, NOW DeFi is gradually becoming a topic of discussion within the market.
For investors looking to shift from pure price speculation toward passive income strategies, NOW DeFi offers a more direct entry point. The platform combines cloud mining infrastructure with DeFi-based reward mechanisms while simplifying the participation process.
For many users who have previously focused on trading assets such as XRP, BTC, or ETH, platforms like NOW DeFi are increasingly seen as a potential “second income curve” within the crypto ecosystem.
Key features of NOW DeFi include:
Free Hash Power Rewards
New users can claim a free mining reward upon registration to experience the platform’s mining services.
Daily Earnings Settlement
The platform supports automated daily reward distribution, reducing the need for manual management.
AI Hash Power Optimization Technology
Dynamic resource allocation helps improve overall mining efficiency.
Renewable Energy Mining Infrastructure
The platform’s mining operations are located in regions rich in renewable energy resources.
According to platform information, its mining infrastructure is primarily distributed across:
- Norway
- Canada
- Iceland
- Sweden
- Paraguay
- Uruguay
These regions offer relatively low energy costs and stable renewable energy supplies, supporting efficient mining operations.
Example mining plans
| Plan | Investment | Contract Duration | Estimated Daily Earnings |
|---|---|---|---|
| Entry Plan | $100 | 2 Days | ~$4 |
| Mid-Tier Plan | $10,000 | Varies by plan | ~$165 |
| Advanced Plan | $50,000 | Varies by plan | ~$955 |
It is important to note that actual returns may vary depending on market conditions, network difficulty changes, and platform policies.
Why These Platforms Are Attracting More XRP Investors
XRP investors are typically highly sensitive to market trends and are often willing to explore new opportunities when the market becomes active.
When popular assets regain attention, investors often begin searching for answers to questions such as:
- Which platforms can provide passive income?
- Which strategies do not require constant trading?
- Which services are suitable for beginners?
As a result, during periods of heightened market interest, cloud mining platforms and automated yield services tend to gain additional visibility.
Conclusion
Whether XRP can truly reach $100 within a single day remains uncertain, but one clear trend is emerging across the cryptocurrency industry: investors are increasingly shifting their focus from single price movements toward more sustainable income models.
From staking and DeFi to cloud mining and automated yield services, passive income strategies are becoming an important consideration for retail investors managing digital asset portfolios.
For users interested in exploring alternative income opportunities beyond XRP price speculation, NOW DeFi offers a relatively simple way to participate. Users can register by visiting the official NOW DeFi website or downloading the mobile application. After registration, new users can claim the platform’s free hash power reward and begin participating in cloud mining without purchasing mining hardware.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Elon Musk said late Tuesday that the payments features on social application X will go live next month.
Dubbed X Money, the feature turns X into a fintech app with peer-to-peer transfers, bank deposits, a debit card, cashback re
The platform is licensed in over 40 U.S. states through subsidiary X Payments and has Visa as a partner for account funding.
Dogecoin rallied as much as 8%, before reversing gains, after the annoucement despite it containing zero references to crypto. It hit nearly $0.10 over the past day before settling around $0.093, making it the best-performing major crypto over both 24-hour and seven-day periods.
The reflexive move reflects a pattern that has played out multiple times since 2021. Musk says something about X payments, and DOGE pumps on speculation he’ll integrate it.
Musk has called dogecoin his “favorite cryptocurrency” and Tesla accepted DOGE for merchandise in 2022. But X Money as described is a pure fiat product, with peer-to-peer transfers, bank linking, debit card. That’s closer to Venmo with a social media app attached, not a crypto wallet.
As such, X’s head of product Nikita Bier said in February that crypto trading tools would come to X through Smart Cashtags, but clarified the platform wouldn’t execute trades or act as a brokerage.
It would provide data and links that redirect users to exchanges. Musk recently reposted a third-party forecast of X Money’s future features that included “crypto integration,” but the company hasn’t confirmed anything.
The more interesting question for crypto markets isn’t whether DOGE gets added. It’s the 6% yield.
Six percent on a balance inside a social media app used by hundreds of millions of people is higher than virtually every U.S. savings account and competitive with money market funds. Whether it’s subsidized by X to drive adoption, generated by lending deposits, or backed by some other mechanism matters enormously for how regulators view it.
The timing collides with Congress fighting over the CLARITY Act, which would set rules for yield-bearing stablecoin products.
The Senate Banking Committee is targeting mid-to-late March for markup. The core policy question is whether non-bank platforms should be allowed to offer deposit-like yields to consumers.
X Money isn’t a stablecoin product, but it’s targeting the exact same consumer demand, people looking for better returns than their bank offers, through a different regulatory path.
If X Money launches at scale with 6% APY before the CLARITY Act passes, it creates an awkward comparison. A fiat fintech product inside a social media app gets to offer yields that crypto stablecoin products are being legislated out of.
Ethereum’s network activity has surged to all-time highs across multiple metrics, but the growth has failed to lift ether’s price or boost fee generation at the base layer.
A weekly report from analytics firm CryptoQuant published March 10 found that daily active addresses on Ethereum approached 2 million in February 2026, exceeding peaks seen during the 2021 bull market. Active addresses are unique blockchain wallet addresses that have sent or received a transaction within a specific timeframe, like the past 24 hours
Smart contract calls, or codes on blockchain telling it to do something specific, topped 40 million per day, and token transfers driven by internal contract interactions also set records. The findings point to broad adoption across DeFi, stablecoins and automated protocol activity, even as investment demand for ether has weakened.
Record network user activity typically bodes well for the market value of the blockchain’ native token. But that’s not the case with Ethereum.
It’s native token ether is down roughly 30% over the last six months, and the one-year change in Ethereum’s realized capitalization has turned negative, indicating net capital outflows from the market.
Exchange flow data from CryptoQuant shows ether moving to trading venues at a faster rate relative to bitcoin, a pattern consistent with elevated selling pressure.
Focus on capital flows
CryptoQuant argued that capital flows, rather than network activity, now explain ETH price dynamics more effectively.
In prior cycles, particularly 2018 and 2021, rising on-chain activity coincided with price rallies. That relationship has weakened. The firm’s scatter analysis showed recent observations clustering at high activity levels but relatively low prices, suggesting incremental usage growth now has less explanatory power for ether’s valuation.
The fee picture reinforces the disconnect. Data from DefiLlama shows Ethereum generated roughly $10.3 million in transaction fees over the past 30 days, placing it third behind Tron at nearly $25 million and Solana at about $20 million.
On a revenue basis, the gap widens further. Ethereum ranked fifth in 30-day protocol revenue at $1.22 million, trailing Tron as well as Polygon, Base and Solana. Base, an Ethereum layer-2 network built by Coinbase, generated roughly three times Ethereum’s protocol revenue over the same period.
The disparity reflects the growing role of Ethereum’s layer-2 ecosystem. Networks such as Base and Polygon process large volumes of transactions while paying relatively small settlement costs back to the base chain, distributing economic activity across the broader Ethereum ecosystem rather than concentrating it on the base layer.
Stablecoins remain a bright spot for adoption. Ethereum hosts approximately $162 billion in stablecoin supply, roughly 52% of the global market, according to DefiLlama. Yet that activity has not translated into proportional value capture for ether itself.
Ethereum may be busier than ever, but the blockchain’s native asset is capturing less of the value created on top of it.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, sold a record amount of its perpetual preferred equity, Stretch (STRC), after amending its sales rules on Monday.
Strategy is estimated to have bought 1,420 Bitcoin (BTC) in a single day after selling roughly 2.4 million STRC shares through its at-the-market (ATM) program, according to data from STRC.live. The amount marks the largest estimated daily issuance of STRC and BTC purchases, surpassing the previous record of 1,069 BTC, according to a Monday X post from STRC.live.
Strategy announced a major rule change to its at-the-market (ATM) share sales program on Monday, allowing a second agent to sell the securities before the US market opens and after it closes, easing a prior restriction limiting such sales to one agent per trading day.
STRC is one of the major pillars of Strategy’s Bitcoin buying
STRC is Strategy’s variable-rate perpetual preferred stock, launched in July 2025 as one of several securities the company uses to help fund its Bitcoin treasury strategy, alongside other ATM programs such as Stride (STRD), Strife (STRF), Strike (STRK) and common stock (MSTR). Strategy says the stock pays monthly variable cash dividends, with the annualized rate for March set at 11.5%.
Some market observers said the updated sales structure could make it easier for Strategy to issue stock more efficiently during premarket and after-hours trading, potentially accelerating future capital raises tied to Bitcoin purchases.
“A lot more capital will be raised, and a lot more Bitcoin will be purchased,” market observer Ragnar said.
According to STRC.live, last week’s estimate suggested STRC proceeds would fund a weekly purchase of approximately 4,300 BTC ($303 million). However, the actual purchase exceeded expectations, as Strategy reported selling around $378 million in STRC in its filing with the SEC on Monday.
Related: Oil tumbles, crypto gains as Trump sends mixed signals over Iran war
The company reported a massive $1.3 billion BTC purchase, marking one of its largest Bitcoin acquisitions on record. Common stock MSTR accounted for the largest proceeds in reported sales, generating nearly $900 million in proceeds.
The results for STRC underscore ongoing rapid acceleration in investor interest, despite the Bitcoin price trading below Strategy’s reported average cost basis of $75,862.
Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen
Exchange-related activity involving XRP has declined significantly in recent months. What does it mean for Ripple’s price?
Alongside Bitcoin, major altcoins posted minor recovery as optimism surrounding a potential ceasefire in the Iran conflict supported risk assets. XRP, for one, climbed by 4% on Tuesday.
The appreciation, however, comes at a time when fewer XRP users are interacting with exchanges.
Market Interest Cools
On-chain analytics shared by CryptoQuant shows that the number of deposit and withdrawal transactions across major trading platforms has fallen to the lowest level recorded since the indicator was first introduced. The decline in activity has emerged following a steep drop in XRP’s price, which has fallen more than 60% from its highs established last summer. According to the analysis, the price correction appears to have been accompanied by a considerable reduction in user engagement with cryptocurrency exchanges.
The observation is based on the Multi Exchanges Daily Depositing/Withdrawing Transactions Delta. This metric is designed to track the net number of XRP transfer transactions occurring across 15 leading crypto exchanges. Unlike traditional flow metrics that measure the total volume of assets moving between wallets and exchanges, this indicator focuses specifically on transaction counts.
As a result, it provides insight into the number of users actively sending or withdrawing XRP, rather than simply measuring the quantity of tokens transferred.
In terms of market interpretation, rising values in the metric generally indicate that a larger number of users are depositing XRP onto exchanges compared with those withdrawing it. Such behavior can suggest potential selling pressure, since traders often move assets to exchanges in preparation for selling.
On the other hand, declining values typically imply that more participants are withdrawing XRP to private wallets, a trend often associated with accumulation or longer-term holding strategies.
You may also like:
Historical data reveals that the last major spike in exchange deposits occurred in January 2025 when the crypto asset’s price approached $3. That surge was followed by strong withdrawal activity between May and June 2025, which reflected accumulation after the sell-off.
Payments Ecosystem
The development comes as Ripple recently detailed several milestones tied to its payments ecosystem. In a post on X, the company said that Ripple Payments has processed more than $100 billion in total transaction volume and currently operates across over 60 markets worldwide.
The system is connected to 51 real-time payment rails, according to the update. Ripple also noted that RLUSD reached a $1 billion market capitalization in less than a year after launch. The company said the platform integrates fiat currencies and stablecoins while operating under more than 75 regulatory licenses across multiple jurisdictions.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Dogecoin price rose for two consecutive days this week as Bitcoin and most altcoins stabilized.
Summary
- Dogecoin price has formed a double-bottom pattern on the daily chart.
- Demand for DOGE ETFs has waned this month.
- The volume and futures open interest have continued rising.
Dogecoin (DOGE) token was trading at $0.09 today, March 10, up slightly from this month’s low of $0.087. This rebound is happening even as demand for the three spot DOGE ETFs wanes completely.
Data shows that Grayscale’s GDOG, 21Shares’s TDOG, and Bitwise’s BWOW have accumulated over $7.45 million in inflows. Their net assets have moved to $8.97 million, a tiny amount for one of the biggest coins in the crypto industry.
Most notably, these funds have added just $779k in assets this month. They have not had any inflows in the last five consecutive days. In contrast, spot Solana ETFs have had $955 million in inflows since their inception and $21 million this month.
On the positive side, data shows that the volume in the spot and futures markets is improving. CoinGlass numbers show that its volume on Tuesday jumped to over $2.6 billion, the third consecutive day of gains. It has soared from $1.4 billion on Sunday.
Dogecoin’s futures open interest has also stabilized above the $1.2 billion range. Also, the weighted funding rate turned green, a sign that traders in the futures market expect it to rebound.
Dogecoin price technical analysis
The daily chart is showing that the DOGE price has bottomed. It formed a double-bottom-like pattern at $0.0877, its lowest level in February and March. Its neckline was at $0.1170, its highest swing on February 15 this year.
A double-bottom pattern signals that bears are afraid of placing trades below that price. The price target is established by estimating the height by subtracting the double-bottom from the neckline. In this case, the height is $0.030. One then adds this figure to the neckline, giving it a target of $0.1470.
Other indicators are pointing to a rebound. For example, the Relative Strength Index has jumped to the neutral point of 50, while the MACD indicator is nearing the zero line.
Therefore, the token will likely bounce back, with the initial target being the neckline at $0.1170. A move above that level will point to further gains to the double-bottom target at $0.1470, which is about 50% above the current level.
Google’s Gemini AI is being embedded across the U.S. military, cementing AI‑defense as structural policy and tying Bitcoin closer to big‑tech, liquidity‑driven macro trades.
Summary
- Google’s Gemini agents will automate workflows for roughly 3 million Pentagon staff via the new GenAI.mil platform.
- The contract marks Google’s return to military AI under tighter guardrails, alongside parallel Pentagon deals with OpenAI, Anthropic and xAI.
- Bitcoin and Ethereum are trading as high‑beta expressions of the same AI‑defense‑tech liquidity complex, not as isolated “crypto” stories.
According to a new report in Bloomberg, Google is about to wire its AI directly into the day‑to‑day machinery of the U.S. military, and markets need to treat that as structural, not cosmetic. Alphabet’s Google will roll out Gemini‑based “AI agents” across the Pentagon’s roughly three million civilian and military staff, automating routine work on unclassified systems in what Defense Secretary Pete Hegseth calls the start of an “AI‑driven culture change” on the digital battlefield.
These agents are not chatbots bolted onto email; they are task executors. Bloomberg reports that Gemini agents “can undertake work independently on behalf of a user who sets them tasks,” with Emil Michael, the Pentagon’s Under Secretary of Defense for Research and Engineering, saying deployment will begin on non‑classified networks before expanding across classification levels. In a separate blog post, Google vice‑president Jim Kelly said the system will let “civilian and military personnel at the Department of Defense build AI agents using natural language,” embedding them into workflows spanning logistics, document processing, and data triage. The new platform, branded GenAI.mil, is the front end of a $200 million contract Google Cloud won last year to deliver AI capabilities to the Department of Defense; rival firms OpenAI, Elon Musk’s xAI and Anthropic have secured similar deals.
The partnership rests on two pillars: scale and doctrine. Scale is explicit – three million potential users, military and civilian, with Hegseth arguing “the future of warfare in America is upon us, and it is driven by AI,” as software helps the military “swiftly analyze video footage and imagery.” Doctrine is softer but more consequential: by standing up GenAI.mil as a system‑of‑record, the Pentagon is signalling that AI is no longer an experiment but a baseline assumption for planning, targeting, procurement and administration. That comes after years of controversy. In 2018, thousands of Google employees protested its work on Project Maven, a Pentagon program using AI to analyze drone footage, forcing the company to let the contract lapse; the new deal shows management is now willing to re‑enter defense under tighter guardrails and clearer messaging.
For crypto markets, the partnership matters as a macro and market‑structure signal, not because blockchains sit inside the deal. Bitcoin trades near $70,400 over the past 24 hours, up about 3.5%, while Ethereum changes hands around $2,059 with a roughly 2.9% daily gain, moving in tandem with large‑cap tech as investors lean back into long‑duration, AI‑linked growth stories. As defense, AI and big‑tech spending consolidate into a single policy‑backed complex, BTC increasingly trades as a high‑beta expression of the same liquidity and discount‑rate expectations, rather than a separate “crypto” narrative.
Australia Grants Asylum To 5 Members Of Iranian Women’s Football Team
Social Security watchdog investigating claims that DOGE engineer copied its databases
Glasgow Central high level closed for rest of week after building fire
Smart energy pays enters the US market, targeting scalable financial infrastructure
Why Israel is blocking foreign journalists from entering
Bitcoin: We’re Entering The Most Dangerous Phase
Bitcoin Live Trading || Crypto Live Trading || 10 MAR || Vivek Yadav #bitcoin #crypto #gold
Breaking Barriers: Celebrating Women Leading the Financial Transformation | Women’s Day 2026
Sanjana Ganesan: Sports Anchor’s Career and Financial Overview #viral #shorts #motivation#trending
-
Business5 days ago
Form 8K Entergy Mississippi LLC For: 6 March
-
Tech6 days agoBitwarden adds support for passkey login on Windows 11
-
News Videos2 days ago10th Algebra | Financial Planning | Question Bank Solution | Board Exam 2026
-
Fashion4 days agoWeekend Open Thread: Ann Taylor
-
Crypto World2 days agoParadigm, a16z, Winklevoss Capital, Balaji Srinivasan among investors in ZODL
-
Sports5 days ago499 runs and 34 sixes later, India beat England to enter T20 World Cup final | Cricket News
-
Sports3 days agoThree share 2-shot lead entering final round in Hong Kong
-
Sports3 days agoBraveheart Lakshya downs Lai in epic battle to enter All England Open final | Other Sports News
-
Politics5 days agoTop Mamdani aide takes progressive project to the UK
-
Business13 hours agoExxonMobil seeks to move corporate registration from New Jersey to Texas
-
NewsBeat6 days agoPiccadilly Circus just unveiled ‘London’s newest tourist attraction’ and it only costs 80p to enter
-
Entertainment4 days agoHailey Bieber Poses For Sexy Selfies In New Luscious Lip Thirst Traps
-
Business2 days agoSearch for Nancy Guthrie Enters 37th Day as FBI Probes Wi-Fi Jammer Theory
-
NewsBeat1 day agoPagazzi Lighting enters administration as 70 jobs lost and 11 stores close across Scotland
-
Tech2 days agoDespite challenges, Ireland sixth in EU for board gender diversity
-
Crypto World6 days agoNew Crypto Mutuum Finance (MUTM) Reports V1 Protocol Progress as Roadmap Enters Phase 3
-
Entertainment6 days ago
Harry Styles Has ‘Struggled’ to Discuss Liam Payne’s Death
-
Tech6 days agoACIP To Discuss COVID ‘Vaccine Injuries’ Next Month, Despite That Not Being In Its Purview
-
Business1 day agoSearch Enters 39th Day with FBI Tip Line Developments and No Major Breakthroughs
-
NewsBeat6 days agoGood Morning Britain fans delighted as Welsh presenter returns to host ITV show