Crypto World
BlackRock flags AI as crypto’s next big use case, not token boom
BlackRock’s head of digital assets, Robbie Mitchnick, signaled a shift in how large investors view crypto, pointing to artificial intelligence (AI) as a more meaningful driver than the expansion of new tokens.
Speaking about client behavior, Mitchnick described a market that has moved away from broad exposure to smaller assets. He said the turnover among top tokens has been “pretty ferocious,” with only bitcoin and, later, ether (ETH) maintaining consistent positions. Many newer tokens, he suggested, fail to hold long-term relevance.
That pattern has shaped investor demand. “The majority of that is nonsense,” Mitchnick said at the Digital Asset Summit in New York on Tuesday, referring to the vast number of tokens in circulation. As a result, clients now focus on a narrow set of assets rather than building wide portfolios. Bitcoin and Ethereum dominate allocations, with limited interest beyond those names.
Against that backdrop, Mitchnick pointed to AI as a more significant force shaping crypto’s future role. He stressed that AI is a larger theme than digital assets, but said the two intersect in ways that could matter.
“AI agents are very unlikely to use, you know, Fedwire and SWIFT,” he said. “What is crypto? Crypto is computer-native money… AI is computer-native data and intelligence. And so there’s a natural symbiosis there.”
That framing casts crypto less as a speculative asset class and more as infrastructure. A growing number of bitcoin miners have begun shifting resources toward AI workloads, drawn by steadier revenue and rising demand for computing power. Several listed miners, including Hut 8 (HUT), Core Scientific (CORZ) and Iren (IREN), are either repurposing data centers or signing hosting deals tied to AI and high-performance computing. Others have signaled similar plans, even if mining remains their core business.
Mitchnick also linked AI-driven disruption to bitcoin’s appeal. As new technologies reshape industries and create uncertainty, he suggested bitcoin may serve as a stabilizing allocation. It can act as a diversifier during periods of rapid change.
“There are intersection points that are relevant… there’s clearly an advantage and an opportunity to play a role in the AI economy,” he said.
Opinion by: Mitchell Amador, founder and CEO of Immunefi
There’s an argument that regulation will split decentralized finance (DeFi) into two separate silos: one regulated and compliant and the other completely open and accessible by anyone, including anonymous participants.
This argument is outdated.
Regulatory pressure in 2026 will reshape DeFi into a network of interoperable, interlinked ecosystems with distinct risk, compliance and access profiles.
Some tiers will become more compliant and institution-friendly, while others will remain open, permissionless and driven by onchain leverage and market experimentation.
This evolution won’t drag DeFi toward TradFi. Rather, it will bring TradFi into DeFi’s orbit.
DeFi already operates in multiple lanes
DeFi has never functioned as a single monolith; it operates across several concurrent compliance tiers.
The first lane is permissionless DeFi, where anyone can deploy a contract, supply liquidity and use leverage. This is the engine of innovation, where price discovery and stress testing happen in public, as does failure. Permissionless pools have no Know Your Customer (KYC), allow pseudonymous users and exist because global markets can move faster than regulated institutions.
The next tier consists of protocols with built-in safeguards, like liquidation rules, governance frameworks and oracle protections, but no identity requirements. These serve people who want liquidity and yield with risk management.
Finally, there is the newer, heavily controlled lane, where KYC checks, geofencing and compliance filters are applied at the access-point level.
The same underlying smart contracts can still be reached, just through different gates.
Liquidity trumps isolation
Full isolation of compliant DeFi is unlikely. Capital seeks liquidity, and liquidity seeks composability. That means the regulated lanes will run through permissionless infrastructure.
Institutions entering digital assets will want access to the scale of liquidity that only onchain markets can provide — 24/7 global access, near-instant settlement and depth that traditional venues cannot match. The passage of the GENIUS Act, which bans yield-bearing stablecoins, has already pushed institutional capital toward DeFi protocols in search of returns.
If the liquidity accessed is compelling enough, institutions will tolerate complexity and innovation risks. Regulation won’t eliminate this incentive.
Security innovation starts in the arena
Institutional and compliant participants care deeply about security, yet the center of gravity for security innovation will sit inside permissionless DeFi.
That may sound counterintuitive, given that over $3.1 billion was lost to hacks and exploits during the first half of 2025 alone.
Related: For Wall Street’s most sophisticated trading firms, the next alpha is onchain
Adversarial conditions are precisely where robust defenses are forged. Bug bounty programs, real-time monitoring tools and AI-driven threat detection were all born in the permissionless environment and stress-tested against live exploits before any compliance framework adopted them.
This pattern will accelerate. New security models that range from automated vulnerability scanning to onchain firewalling will continue to emerge in open DeFi and will then be standardized and adopted by the institutional side once they prove effective.
Regulation will cement DeFi’s central role
Regulation will certainly not fracture DeFi. What we will see instead is how decentralized finance will cement its position at the center of global finance.
The future, to be sure, is not compliant DeFi versus permissionless DeFi, because DeFi has the ability to be interoperable. It’s a network where open markets generate liquidity and innovation, and regulated players selectively plug in. That’s why we will see regulatory pressures mold the ecosystem into interconnected tiers, with some gravitating toward greater compliance and others toward the open marketplace, all of them linked by the composability that makes onchain finance uniquely powerful.
That dynamic will inevitably draw TradFi closer to DeFi as institutions seek out the far greater liquidity, speed and efficiency of decentralized markets.
Opinion by: Mitchell Amador, founder and CEO of Immunefi.
This opinion article presents the author’s expert view, and it may not reflect the views of Cointelegraph.com. This content has undergone editorial review to ensure clarity and relevance. Cointelegraph remains committed to transparent reporting and upholding the highest standards of journalism. Readers are encouraged to conduct their own research before taking any actions related to the company.
Financial technology company Omnes and financial services provider Apex Group said on Tuesday that they plan to issue a tokenized secured debt note backed by Bitcoin hashrate on Base.
The two companies announced that they would tokenize the Omnes Mining Note (OMN), an institutional-grade structured note backed by the Bitcoin (BTC) hashrate. The companies said it will be issued and managed on the Base blockchain, Coinbase’s Ethereum layer-2 network.
Apex said the note is designed to give institutional investors “direct economic exposure to new Bitcoin production measured in hashrate” without the operational burden of managing mining hardware, energy procurement and facilities.
The launch adds a new type of crypto-linked security to the tokenization market by packaging mining output into a regulated investment product that can be transferred onchain between approved investors.
Omnes CEO Emmanuel Montero said the OMN is intended to convert Bitcoin mining output into a structured financial instrument backed by large-scale mining operations. “Bitcoin mining is the only mechanism that creates new Bitcoin through protocol issuance. This is economically distinct from yield strategies that rely on redistributing existing Bitcoin,” he said.
Bitcoin mining exposure packaged into a tokenized debt note
According to the announcement, the OMN is designed to give professional investors outside of the United States economic exposure linked to mining production, using hashrate as its underlying metric. The Bitcoin hashrate is the computational power that secures the network and produces new coins.
The product essentially lets investors benefit from Bitcoin mining activity without running mining operations themselves.
Related: Nasdaq, Talos target collateral bottleneck in institutional tokenization push
Issued as a secured debt note, the product applies a traditional financial structure with blockchain-based features, including onchain transfers between approved investors.
While the product expands access to mining exposure, details on how hashrate translates into investor returns, as well as the note’s liquidity and risk profile, were not fully disclosed.
Cointelegraph reached out to Omnes and Apex Group for more information, but had not received a response by publication.
Tokenized assets climb to over $23 billion in March
The plans to tokenize Bitcoin mining exposure come amid a rise in tokenized real-world assets (RWAs) in 2026.
On March 11, DefiLlama data showed that the value of tokenized RWAs on public blockchains reached roughly $23.6 billion, up 66% year-to-date.
At the time of writing, the onchain market capitalization for tokenized RWAs stood at around at $23 billion, according to DefiLlama.
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Circle has called on the European Commission to ease parts of its proposed Market Integration Package as the stablecoin issuer pushes for wider institutional use of digital euro and dollar tokens in the region.
Summary
- Circle asked the EU to lower thresholds blocking broader institutional use of e-money tokens.
- The company said current settlement rules could slow growth of euro-denominated stablecoins like EURC.
- Circle also wants crypto service providers included in the EU DLT Pilot Regime.
In a Monday announcement, the company said the package could help connect traditional finance and blockchain systems, but added that some rules still limit access for crypto service providers and slow the growth of euro-backed tokens.
Circle said it sent its feedback to the Commission on March 20. In its response, the company described the package as a “meaningful step toward a digitally enabled financial system” while asking for changes to improve market access and digital asset settlement in Europe.
One of Circle’s main requests focused on the market capitalization threshold tied to e-money tokens used in settlement. The company said limiting settlement use to “significant” e-money tokens could keep euro-denominated tokens out of the market and create what it called a “chicken-and-egg scenario” for growth.
Circle argued that the current threshold creates a structural barrier for institutions that want to use e-money tokens in secondary markets. It said the Commission should use more flexible thresholds based on factors such as market uptake and liquidity conditions rather than relying on a fixed capital benchmark.
The company has a direct interest in that issue because it offers EURC, a euro-backed stablecoin that complies with MiCA rules in Europe. Circle’s MiCA white paper says EURC is an e-money token and states that it does not meet the definition of a “significant e-money token” under current rules.
Circle also wants wider access under DLT rules
Circle also asked the Commission to widen access under the DLT Pilot Regime. It said the current structure limits cash accounts to credit institutions and central securities depositories, and argued that crypto-asset service providers should also be allowed to take part.
The company said these changes would give Europe-based crypto market participants more clarity, especially around which digital assets can be used as collateral and how blockchain-based settlement can work within regulated capital markets. The Commission launched the broader Market Integration Package in December 2025 as part of its plan to deepen EU capital markets integration and supervision.
Europe’s main crypto framework remains the Markets in Crypto-Assets Regulation, which took effect in late 2024. Circle said the new package gives the EU a chance to update parts of its financial system while keeping digital asset rules clear and proportionate for firms operating in the bloc.
Aave’s community has moved a step closer to launching V4 on Ethereum after a governance proposal won near-unanimous backing. The result points to broader support for the upgrade after several weeks of public tension inside the DAO and the exit plans of key contributors.
Summary
- Aave DAO strongly backed V4, moving the protocol closer to Ethereum mainnet deployment.
- The vote followed governance tension and exit plans from key Aave contributors recently.
- Aave V4 introduces modular hubs and spokes for shared liquidity and tailored risk.
A Snapshot vote on Monday showed more than 645,000 votes in favor of moving Aave V4 toward Ethereum mainnet deployment. Fewer than one vote opposed the plan, and there were no abstentions, according to reporting on the outcome.
The vote does not activate the system on its own. Aave founder Stani Kulechov said the proposal is expected to advance to an Aave Improvement Proposal, which would be the binding onchain vote needed to deploy and activate V4 on Ethereum.
Aave Labs presented V4 as a protocol built around a hub-and-spoke structure. Under that model, shared liquidity sits in “Hubs,” while “Spokes” define separate borrowing markets with their own limits and risk settings.
Aave Labs said this structure is meant to keep the benefits of shared liquidity while giving the protocol tighter control over risk across different markets. The design is also intended to support a wider range of use cases, including new collateral types and structured credit markets.
Governance tensions shaped the backdrop
The strong support for V4 follows a period of strain inside Aave governance. In a forum post published on February 20, BGD Labs said it would end its involvement with Aave after nearly four years, citing an “asymmetric organizational scenario” and what it called an “adversarial position” toward its work on V3.
That dispute widened in early March when the Aave Chan Initiative said it would not seek renewal of its engagement with the DAO. Marc Zeller wrote that ACI would wind down over four months after a clash over funding, governance standards, and voting dynamics.
In addition, the latest vote suggests the DAO is now more aligned on the path forward for V4. It also gives Aave Labs a clearer route to seek final approval for Ethereum mainnet activation through the next governance stage.
Why Mastercard’s BVNK acquisition is a strategic shift
Mastercard’s deal to acquire BVNK for up to $1.8 billion goes beyond simply entering the crypto space. It reflects a well-thought-out strategic redirection.
Rather than introducing its own stablecoin, Mastercard has opted to gain control of the underlying infrastructure that links conventional finance to blockchain-enabled payments.
This approach prompts an important question: Why would a major player in payments decide against creating its own digital currency and instead invest in the systems that facilitate its movement?
The explanation centers on regulatory considerations, the ability to scale and sustained influence over the core infrastructure of digital finance.
What BVNK brings to the table
BVNK does not issue stablecoins and operates as a payments infrastructure provider. Robust infrastructure plays an important role in the functioning of the stablecoin ecosystem.
It allows businesses to:
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Send and receive payments with stablecoins
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Perform smooth conversions between fiat currencies and crypto
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Operate in more than 130 countries
As a result, BVNK serves as a connector between two distinct financial ecosystems:
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Conventional payment networks, including banks, card networks and fiat channels
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Blockchain networks, including stablecoins, crypto wallets and on-chain transactions
Instead of developing a new form of currency, BVNK helps businesses utilize the ones already available with greater efficiency.
Did you know? Stablecoins process trillions of dollars in annual transaction volume and often rival major card networks. Yet many users do not realize they are interacting with blockchain-based systems behind the scenes when using certain fintech payment services.
Objective of Mastercard: Connecting financial networks
Mastercard serves as a connector of financial networks, functioning as a network of networks. Rather than trying to compete with different forms of digital money, Mastercard aims to play the role of an integrator that links them all seamlessly.
This approach involves bringing together:
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Traditional card-based payment systems
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Core banking infrastructure
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Blockchain-based transaction rails
According to company leadership, the future payments landscape is expected to feature an array of digital money forms, such as:
Why Mastercard has chosen not to issue its own stablecoin
On the surface, creating a stablecoin issued by Mastercard might appear to be a natural step. However, there are compelling reasons the company has decided against it:
Stringent regulatory compliance
Stablecoin issuers are encountering growing regulatory pressure. Emerging frameworks, such as the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), are designed to enforce:
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Strict reserve requirements
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Enhanced transparency obligations
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Oversight similar to that applied to traditional banks
By issuing a stablecoin, Mastercard would effectively become a regulated financial issuer, which would introduce substantial operational and compliance complexity.
Risks tied to the balance sheet
Enterprises that issue stablecoins are required to hold reserves, typically in cash or government securities, to fully back the tokens in circulation. This creates several challenges, including:
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Complex liquidity management
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Potential redemption pressures
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Vulnerability to shifts in market conditions
By steering clear of issuance, Mastercard avoids taking on these financial risks and obligations.
Preserving harmony with partners
Mastercard maintains close partnerships with:
Introducing its own stablecoin would risk placing Mastercard in direct competition with these key collaborators within its ecosystem. By focusing on infrastructure instead, Mastercard can remain in a neutral position that serves rather than challenges its partners.
Did you know? The concept of “tokenized deposits” is gaining traction among banks, where traditional money is digitized on a blockchain. However, it remains within regulated banking systems, offering a potential alternative to privately issued stablecoins.
Infrastructure offers Mastercard more leverage
Controlling infrastructure generally delivers greater power than controlling a single asset. A stablecoin issuer earns profits exclusively from its own token. An infrastructure provider, however, captures value from transactions involving multiple tokens.
This model enables Mastercard to:
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Support Tether USDt (USDT), USDC (USDC) and emerging bank-issued tokens
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Generate fees from a broad spectrum of use cases
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Grow in tandem with the entire ecosystem rather than being limited to one product
With this step, Mastercard is positioning itself to capture value across digital payment flows.
Why timing is critical at this juncture
The acquisition aligns with a surge in institutional interest in stablecoins, which have the potential to fundamentally transform global payments over the coming decade.
Several converging trends reinforce this momentum:
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Significantly faster and more cost-effective cross-border transactions
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Growing regulatory clarity
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Expanding adoption among fintech companies and large enterprises
Stablecoins have moved beyond the experimental phase and are increasingly viewed as foundational elements of financial infrastructure.
Did you know? Cross-border payments through traditional banking can involve up to five intermediaries. Stablecoin-based transfers can reduce this to just two endpoints, dramatically cutting both time and cost.
Where Visa, Coinbase and others fit in
Mastercard faces competition in this space. Visa has made investments in BVNK, while Coinbase previously considered acquiring the company before withdrawing.
This reflects a wider industry convergence:
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Traditional financial institutions are advancing into blockchain territory
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Crypto-native companies are seeking deeper integration with established payment networks
Nevertheless, approaches vary and many crypto firms prioritize issuing their own tokens. Major payment networks emphasize infrastructure and broad distribution.
Why infrastructure wins in cross-border payments
Conventional cross-border payments are hampered by delays, often spanning days, high fees and the involvement of numerous intermediaries.
On the other hand, stablecoin-based systems deliver:
By incorporating infrastructure such as BVNK, Mastercard can introduce these benefits into its established network without needing to replace it entirely.
Mastercard’s strategy reduces the barriers to adoption. Banks and fintechs gain the ability to:
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Provide stablecoin services without developing their own blockchain systems
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Use global payment rails more efficiently
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Seamlessly incorporate digital currency features into their current offerings
This approach cements Mastercard’s position as a backend enabler for the future of finance.
Associated risks and open questions
Despite the promise of this infrastructure-focused strategy for Mastercard, meaningful challenges and uncertainties remain that could influence its long-term outcome.
These include:
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Persistent regulatory differences and fragmentation across jurisdictions, creating compliance hurdles and inconsistent operating environments for cross-border activities
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Heavy reliance on external stablecoins issued and managed by third parties, which introduces dependency risks related to their stability, governance and continued availability
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Intensifying competition from CBDCs as well as powerful technology giants entering the payments space with their own solutions and vast user bases
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Potential margin compression in infrastructure-based services, as increased competition and scale drive fees downward over time
Evolving geopolitical tensions, shifts in monetary policy and unforeseen technological disruptions could further complicate the path forward.
Ultimately, the success and durability of Mastercard’s approach will depend on how the broader stablecoin ecosystem continues to develop and mature.
A group of Ethereum developers has launched a resource hub focused on protecting the blockchain from future quantum computing threats and securing the billions of dollars worth of value the network secures.
The “Post-Quantum Ethereum” website, launched on Tuesday by members of the Ethereum Foundation, says the organization’s new Post-Quantum team is planning to implement quantum solutions into Ethereum at the protocol level by 2029, with solutions targeting the execution layer to follow.
While the Post-Quantum team said no imminent quantum threat exists for cryptography-secured blockchains, early action is necessary due to the complexity involved:
“Migrating a decentralized, global protocol takes years of coordination, engineering, and formal verification,” the team said. “The work must begin well before the threat arrives.”
Source: Ethereum Foundation
Concerns that quantum computers could eventually break blockchain cryptography have fueled industry-wide fear around private keys and wallet security, prompting broader debate over how the sector should prepare as the technology develops.
Most industry analysts acknowledge that quantum computing poses some level of threat to crypto. Galaxy Digital analyst Will Owens has said only crypto wallets with exposed public keys are vulnerable, while others, such as Capriole Investments’ Charles Edwards, have said all coins are at risk.
Post-Quantum team building SNARK-based signatures
Many crypto developers are focused on how quantum-safe solutions can be implemented into cryptographic signatures to fight off potential attacks.
However, some solutions are more computationally intensive and could potentially impact blockchain performance by increasing bandwidth and storage.
The Post-Quantum team is integrating SNARK, or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge technology, in an effort to prevent the Ethereum network from experiencing these issues.
Related: Quantum fears aren’t behind Bitcoin’s 46% drop, says developer
Quantum solutions will be implemented into Ethereum’s consensus, execution and data layers, the team said.
The Post-Quantum team said it would prioritize protecting standard Ethereum wallets as it believes that’s where the largest pool of value is, followed by high-value operational wallets tied to crypto exchanges, bridges and custody solutions.
It said that one of the biggest challenges will be to deploy these solutions without disrupting the network.
“Choosing a post-quantum algorithm is only part of the challenge. The harder parts include safely upgrading hundreds of millions of accounts, preventing the migration from introducing new bugs, avoiding new attack surfaces, maintaining performance, and coordinating ecosystem-wide adoption.”
Magazine: Bitcoin faces 6 massive challenges to become quantum secure
BitGo, a digital asset custody and trading platform, and Susquehanna Crypto will collaborate to give institutional clients over-the-counter access to prediction markets, allowing them to trade event-based contracts using cryptocurrency or stablecoins held in custody.
According to Tuesday’s announcement, trades will be routed through BitGo’s platform, with liquidity provided by Susquehanna, which will enable hedge funds, family offices and other large investors to execute bilateral trades without moving assets off platform or converting holdings, including Bitcoin or stablecoin, into cash.
Positions are backed by crypto collateral and documented using derivatives-style agreements, with minimum trade sizes starting at $100,000.
Prediction markets allow users to trade contracts tied to the outcome of real-world events, with prices reflecting the market’s implied probability of an outcome. Contracts can cover everything from sports and geopolitical events to niche outcomes like short-term Bitcoin (BTC) price movements or weather conditions.
While these markets have grown as tools for pricing event-driven risk, institutional participation has remained limited due to gaps in custody, collateral management and execution infrastructure, according to BitGo.
Related: Major League Baseball inks deals with US regulator, Polymarket
Prediction markets face growing regulatory pressure in US
The launch comes as prediction markets face growing legal challenges in the United States, where at least 11 states have taken action against platforms like Kalshi, arguing they operate as unlicensed gambling venues.
In Nevada, a state court issued a temporary ban on Kalshi on March 20, siding with gaming regulators who said the platform offers unlicensed betting on event outcomes. The ruling followed a federal appeals court decision on Thursday to deny Kalshi’s emergency request to pause the case.
In Arizona, authorities filed criminal charges against entities linked to Kalshi, alleging it accepted wagers on elections and sports in violation of state law. However, Kalshi co-founder and CEO Tarek Mansour called the charges a “total overstep,” arguing that his platform’s activity is unrelated to gambling and accusing the state of attempting to bypass the judicial process.
Elsewhere, lawmakers are moving to bring prediction markets under existing gaming frameworks. In Utah, proposed legislation would classify certain event-based contracts as gambling, while in Pennsylvania, lawmakers are preparing a bill that would place the sector under the state’s gaming regulator, including a 34% tax on revenue.
To be sure, not all efforts against prediction market platforms have succeeded. In Tennessee, a federal judge blocked a state attempt in February to halt Kalshi’s operations, ruling that its event contracts fall under the Commodity Exchange Act and are subject to oversight by the Commodity Futures Trading Commission (CFTC) rather than individual states.
Prediction markets have also faced scrutiny over potential insider trading after several well-timed bets appeared to anticipate major events. In response, Kalshi and Polymarket introduced new restrictions on Monday to limit the use of non-public information and prevent participants with direct influence over outcomes from trading.
At the federal level, authorities are evaluating potential regulatory approaches. On March 12, the CFTC published an advance notice of proposed rulemaking seeking public input on how prediction market contracts should be regulated.
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Bitcoin (BTC) moved back above $70,000 on March 24 after another sharp swing tied to the latest developments around the US-Iran conflict.
Summary
- Bitcoin reclaimed $70,000 after sharp volatility linked to fresh developments around the US-Iran conflict.
- Ether, Solana, TAO, FET, and APT posted strong gains as altcoin momentum returned.
- The total crypto market added nearly $100 billion while SIREN dropped sharply from highs.
Meanwhile, the rebound also lifted several major altcoins, with Ether, Solana, Aptos, Fetch.ai and Bittensor posting strong daily gains while the wider crypto market added to its value.
Bitcoin traded near $71,000 after briefly dropping below $68,000 and then rising toward $72,000 during the latest session. CoinGecko data showed Bitcoin dominance at 56.7%, while the total crypto market cap stood near $2.51 trillion.
The moves came as markets reacted to mixed signals on the US-Iran situation. President Donald Trump said there had been productive talks, but Iranian officials denied that negotiations had taken place, which kept risk assets volatile across global markets.
Ether and Solana lead large-cap altcoin gains
Ether outperformed Bitcoin over the past 24 hours and traded above $2,150 as buying returned to large-cap tokens. Solana also moved above $90, joining a wider relief rally across the altcoin market.
The broader market move suggested traders were rotating back into higher-risk crypto assets after Bitcoin stabilized above the $70,000 level. The rise in Ether also pushed Ethereum’s market share to 10.4% of the total crypto market, based on CoinGecko data.
FET, APT and TAO post double-digit gains
Among the stronger movers, Bittensor traded above $300 after a double-digit daily rise. Aptos and Fetch.ai also recorded gains of more than 10% during the session, while other altcoins such as Render and LayerZero also moved higher.
These gains came as traders looked beyond Bitcoin and moved into AI-linked and infrastructure-related tokens. CoinGecko’s market pages also showed Bittensor and Siren among the more active names during the day’s rebound.
Not every token joined the rally. Siren dropped sharply from its recent all-time high and traded near $1.04 after a steep pullback.
The uneven price action showed that traders were still taking profits quickly in smaller tokens even as the wider market recovered. For now, Bitcoin’s hold above $70,000 remains central to whether altcoins can extend the current move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Cardano (ADA) has stayed under pressure over the past year, even as some market signals point to a possible recovery.
Summary
- ADA holds near $0.25 support after a 40% drop, keeping rebound expectations in focus again.
- Santiment data shows active Cardano wallets averaged negative 43% returns, placing ADA in opportunity zone.
- The SEC classified ADA as a digital commodity on March 17, adding new regulatory context.
The token traded at $0.2628 at the time of reporting, with a 24-hour trading volume of $594.4 million and a market cap of about $9.69 billion. Although ADA gained 0.47% in the past day, it still fell 8.23% over the last seven days.
ADA is now trading close to the $0.25 level, which has become a key support zone in recent weeks. The token has tested this area several times over the past month and has managed to stay above it in most cases.
The only clear break came during the February 6 flash crash, when ADA briefly dropped to $0.22 before moving back above $0.25. That quick recovery kept market focus on whether the current range could again act as a base for a rebound.
Market analyst Ali Martinez said Cardano posted large gains the last two times it bounced from this support area on a higher timeframe. According to his data, ADA rose 85% in early 2023 after holding this zone.
The token also climbed about 200% between October 2023 and March 2024 after another successful defense of the same level. Those earlier moves have drawn fresh attention to the current setup as ADA trades near that support once again.
Another signal came from the weekly chart, where the TD Sequential printed a buy signal after ADA dropped from its mid-January peak of $0.44 to about $0.26. That decline left the token down roughly 40% in two months.
On-chain data has also shown weak positioning among active holders. Santiment reported that wallets active on the Cardano network over the past year are sitting on an average return of negative 43%, based on Market Value to Realized Value data. The firm said this could place ADA in an “opportunity” or “buy” zone.
SEC classification adds a new backdrop
The weak price action has come even after Cardano received positive regulatory news in the United States. On March 17, the U.S. Securities and Exchange Commission classified ADA as a digital commodity.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ethereum (ETH) has returned to focus after new market data pointed to a possible bullish setup. Analysts are tracking valuation metrics, treasury buying, and exchange flows as ETH tries to build on its recent rebound.
Summary
- Ethereum price entered a buy zone after MVRV fell below 0.8, matching past cycle bottom signals.
- Bitmine bought $140 million in ETH this week, raising holdings toward its 5% supply target.
- Coinbase premium stayed negative, showing weaker U.S. demand even as Ethereum posted a sharp rebound.
The latest discussion centers on Ethereum’s Market Value to Realized Value ratio, or MVRV, which has moved below 0.8. At the same time, Bitmine has expanded its Ethereum holdings, while Coinbase premium data has shown weaker demand from U.S. buyers.
Crypto analyst Ali Martinez said Ethereum may have entered a “generational buy zone” after the MVRV ratio dropped below 0.8. He linked that reading to earlier market bottoms that later led to strong recoveries.
Martinez also said Ethereum’s recent rebound was not random. He pointed to past cycles when similar retests were followed by rallies ranging from 149% to 587% after bottoms formed in 2018, 2020, and 2022.
Ethereum posted a 7% rebound on Monday and briefly reached $2,186. At the time of reporting, ETH traded at about $2,152, holding part of that recovery after bouncing from lower levels.
The setup has drawn attention because Ethereum remains far below its prior cycle peak. That has kept valuation models and recovery signals at the center of current market coverage.
Arkham Research reported that Tom Lee’s Bitmine added $140.74 million worth of Ethereum over the past seven days. That pushed the company’s total Ethereum holdings to about $10.03 billion.
The report said Bitmine now controls around 3.86% of Ethereum’s circulating supply. Its stated target is to accumulate 5% of the supply, which would require further large purchases in the coming weeks.
Arkham also compared Bitmine’s pace with Strategy’s recent Bitcoin buying. While Strategy added about $76.6 million in Bitcoin this week, Bitmine’s Ethereum purchases were larger during the same period.
That treasury activity has added another layer to the Ethereum story. Market participants are now watching whether steady institutional buying can support price strength if broader demand improves.
Coinbase premium shows weak U.S. demand
CryptoQuant analyst Arab Chain said Ethereum’s Coinbase Premium Index fell to about -0.0149. That reading means Binance priced ETH above Coinbase, which points to softer demand from U.S. buyers.
The data suggests that global trading activity remains stronger than buying activity on Coinbase. It also shows that the recent rebound has not yet gained firm support from U.S. spot demand.
A negative premium often signals weaker appetite or selling pressure on Coinbase. If that gap remains in place, it may limit the strength of Ethereum’s recovery in the near term.
If the premium moves back toward zero or turns positive, it could signal stronger U.S. buying flows. That shift would give Ethereum another support factor as traders assess the next move.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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