Crypto World
CFTC Chair Launches Innovation Task Force Focused on Crypto Framework
Chair Michael Selig said that the task force was an example of “future-proofing“ regulation at the Commodity Futures Trading Commission.
The US Commodity Futures Trading Commission (CFTC) is looking to embrace innovation in its regulatory approach to crypto and blockchain with the launch of a new Innovation Task Force, according to a Tuesday notice.
Chair Michael Selig said that the task force will work with the regulator’s Innovation Advisory Committee to create a framework focused on crypto, blockchain, AI, and prediction markets. The effort will be led by Michael Passalacqua, who joined the CFTC as a senior adviser in January after working on crypto and blockchain issues at international law firm Simpson Thacher & Bartlett.
“The idea behind our innovation advisory task force is really to create a space where innovators and builders can come in and talk to the staff,” Selig told attendees at the Digital Asset Summit in New York City on Tuesday. “It’s not just crypto — it’s going to be prediction markets, crypto, and AI. We think these three verticals are really important.”
The move comes more than a year after the US Securities and Exchange Commission (SEC) launched its own task force focused on crypto regulation, just one day after US President Donald Trump took office, and SEC Commissioner Mark Uyeda took the reins as acting chair from former Commissioner Gary Gensler. The SEC task force, headed by Commissioner Hester Peirce, included Selig as chief counsel at the time before he was nominated by Trump to chair the CFTC.
Related: SEC task force met with Trump-supporting firms to discuss crypto regulation
Regulators work on crypto rules as market structure legislation remains stuck
The CFTC’s announcement comes on the heels of an SEC interpretative notice last week that proposed that the agency would not consider most crypto asset securities under federal law. SEC Chair Paul Atkins called the measure a “bridge” to clarify crypto regulation in the absence of Congressional action on a comprehensive digital asset framework.
The market structure bill, called the CLARITY Act when it passed the House of Representatives in July 2025, has effectively been stalled in the Senate amid debates over stablecoin yield, ethics, tokenized equities, and other issues. While some proponents of the legislation have said policymakers were closer to reaching an agreement, it was unclear as of Tuesday if or when it would reach the Senate for a full floor vote.
Magazine: Banks want to run Vietnam’s crypto exchanges, Boyaa’s $70M BTC plan: Asia Express
Implied volatility indicators suggest peak fear has passed, with crypto markets leading traditional finance in pricing risk, even as BTC USD struggles to reclaim key support. Trading near $70,000 following a 2% corrective slide over the last 24 hours, the market leader is flashing conflicting signals.
While some traders worry BTC USD could see a deeper sell-off toward the mid-$50k region, one key metric suggests the bottom may already be behind us.
Currently, the Fear & Greed Index sits at a trepidatious 26 (Fear), yet prediction markets remain skeptical of immediate upside. As Bitcoin mirrors Wall Street structure post-ETF, savvy capital is beginning to rotate into high-beta infrastructure plays to outpace the grind.
JUST IN: $880 billion Bernstein says the Bitcoin bottom is likely in and BTC is set to go up from here — Bitcoin Magazine (@BitcoinMagazine) March 24, 2026
They're targeting $150,000 
pic.twitter.com/Ng7KGMojQ8
Discover: The best crypto to diversify your portfolio with
Can BTC USD Reclaim $76,000 Before Month End?
Bitcoin is currently trapped in a corrective descending channel, and it is trading at the $70,000 level, down from recent attempts to breach resistance, signaling heavy overhead pressure.
However, the medium-term outlook retains bullish targets. Data projects a potential rebound to $76,000 by the end of this month, implying an 9% upside if bulls can defend immediate support levels. Conversely, failure to hold the $68,230 line could validate a steeper drop.
Sellers remain in control below $77,500. Their forecast warns that without a clean breakout, the price could revisit $55,500, or a brutal 21% haircut from current levels.
Discover: The best pre-launch token sales
Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels
While Bitcoin navigates this choppy consolidation phase (often a prelude to violent moves), smart money is hedging against stagnation by targeting infrastructure scalability. The logic is simple: if Bitcoin is the gold, the rails moving it are the shovels. This shift has funneled massive volume into Bitcoin Hyper ($HYPER), the first-ever Bitcoin Layer 2 to integrate the Solana Virtual Machine (SVM).
The project has raised a staggering $32 million, capitalizing on the demand for high-speed programmability on Bitcoin. By utilizing the SVM, Bitcoin Hyper delivers transaction speeds faster than Solana itself, all while anchoring to Bitcoin’s security layer. It addresses the ecosystem’s “trilemma” by fixing slow transactions and high fees without sacrificing trust.
Priced at just $0.0136 on presale stage, $HYPER offers a distinct risk-reward profile compared to established caps.
Early backers are positioning for the high-staking 36% APY rewards and the Decentralized Canonical Bridge, which facilitates seamless BTC transfers.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice.
The post BTC USD To Reserve: Is Now The Time to Buy? appeared first on Cryptonews.
BitMine pushed the corporate crypto race forward after it spent more on Ethereum than Strategy spent on Bitcoin last week. Arkham‑linked data put BitMine’s weekly ETH purchase at $140.74 million, while Strategy’s weekly Bitcoin buy reached $76.6 million. As a result, the week highlighted stronger balance-sheet demand from institutions across the two largest cryptocurrencies.
BitMine Drives Ethereum Treasury Higher
BitMine accelerated its Ethereum strategy and pushed its treasury closer to another major supply milestone in March. The company said it held 4,660,903 ETH on March 22, valued at about $10.03 billion. That stockpile represented 3.86% of Ethereum’s 120.7 million token supply and kept BitMine ahead in the treasury ranking.
Moreover, BitMine said its combined crypto, cash, and related holdings totaled $11 billion after the latest accumulation round. Those assets included $1.1 billion in cash, 196 Bitcoin, and several equity stakes outside its token reserves. Meanwhile, the company kept Ethereum as its primary treasury reserve asset and its main accumulation target.
TOM LEE JUST BOUGHT MORE CRYPTO THAN SAYLOR pic.twitter.com/1GSFLdvKdS
— Arkham (@arkham) March 24, 2026
BitMine also expanded staking, and that move strengthened its Ethereum exposure beyond simple token accumulation. As of March 23, the company had staked 3,142,643 ETH, worth about $6.5 billion at stated prices. That total equaled roughly 67% of BitMine’s ETH holdings and added another revenue stream from network validation.
Strategy Adds Bitcoin but Trails on Weekly Pace
Strategy still added Bitcoin last week, but its reported pace trailed BitMine’s Ethereum buying by a wide margin. Market reports said the company bought 1,031 BTC for about $76.6 million during the same period. Consequently, BitMine’s weekly purchase exceeded Strategy’s by more than $64 million and led the week’s treasury comparison.
Even so, Strategy remained the largest treasury holder across the public-company crypto market by overall asset size. BitMine’s latest company update valued Strategy’s Bitcoin holdings at about $52 billion, keeping Bitcoin ahead on scale. That position preserved Bitcoin’s lead in corporate reserves, while Ethereum gained ground through BitMine’s faster buildup.
The contrast reflected different treasury timelines, and it highlighted different methods of corporate crypto accumulation. Strategy built its Bitcoin position over the years, whereas BitMine scaled its Ethereum treasury within several recent months. Therefore, Ethereum treasury companies now command more attention in public-market coverage and treasury strategy discussions.
Institutional Adoption Broadens Across Both Assets
BitMine did not begin as an Ethereum treasury company, and that background adds context to its rapid expansion. The firm operated as a Bitcoin miner before it redirected excess capital into Ethereum reserves and staking activity. By August 2025, it had become the largest publicly disclosed Ethereum treasury, according to market reporting.
Now, BitMine aims to acquire 5% of Ethereum’s supply, and that target frames its current buying campaign. Arkham-linked reporting estimated another $359 million of ETH would take holdings to the 4% threshold. Accordingly, the latest purchase kept BitMine within reach of another symbolic marker in the Ethereum market.
Together, the latest moves showed institutional adoption through direct treasury allocation rather than passive market products. Ethereum gained a sharper corporate benchmark, and Bitcoin kept its established treasury leader in public markets. For now, public companies continue to widen crypto treasury competition across both assets and across balance sheets.
Roughly 15% of TotalEnergies’ production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview.
With Brent crude trading solidly above $100 a barrel, much of the attention has focused on oil prices, but Pouyanné said the crisis is having a much larger impact on product prices.
“The Brent market is ok, but the products market, which is the one which impacts customers … is much higher than Brent,” he told CNBC at S&P Global’s CERAWeek energy conference in Houston. He added, the world has “never experienced” refining margins from products including Asian jet fuel at current levels. In addition to petroleum products, about 30% of global fertilizer moves through the Strait of Hormuz, jeopardizing the spring planting season.
TotalEnergies is a major player in the global LNG market, including the largest exporter of U.S. LNG. The CEO said the company can still fulfill customer orders in Europe and Asia thanks to its diversified global portfolio.
Last week, QatarEnergy said its Ras Laffan plant suffered “extensive damage” following Iranian drone attacks, effectively taking 20% of global LNG supply offline. The shutdown has sent natural gas prices in Europe and Asia surging.
Pouyanné expects prices could move substantially higher if the war drags on through the summer, since Asian demand rises over the summer just as Europe looks to refill storage. European natural gas traded around $18 per million British thermal units Tuesday, but Pouyanné said prices could hit $40/MMBtu over the summer if the conflict continues.
TotalEnergies is a major investor in U.S. energy. On Monday, it struck a deal with the Trump administration to abandon its offshore wind projects in return for $1 billion. The company agreed to reinvest the money into U.S. oil and gas projects instead.
The federal government is key for offshore wind permitting, and the current administration has been a vocal critic of the industry. Pouyanné said he did not want to litigate with the administration over its offshore wind leases – acquired under former President Joe Biden – and so approached the administration with a deal. He added that in the U.S. offshore wind no longer makes sense given cheaper alternatives.
“In the specific situation of the U.S., where you have a lot of land, you have a lot of gas, you have a lot of coal, you have a lot of land to build onshore solar, onshore wind, batteries, we don’t need to have offshore wind,” he said. “It’s a marginal technology, which is not affordable.”
“I prefer to allocate my capital to technologies which are more efficient, which give affordable electricity to customers,” he said.
As part of its expanding U.S. portfolio, TotalEnergies recently inked a 15-year agreement with Google to supply renewable power for data centers. Pouyanné said other hyperscalers – including Amazon and Microsoft – are now speaking to TotalEnergies directly.
“These hyperscalers have understood that an energy company – like TotalEnergies – because we have also capacity, not only to build, to invest, to have land, to trade, we were quite a good partner for them,” he said.
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.
Circle is expanding the use of its USD Coin (USDC) across Africa through a strategic partnership with Sasai Fintech. The collaboration aims to weave USDC into Sasai’s payments fabric, covering cross-border transfers, enterprise payments, and consumer wallets, with the goal of lowering costs and shortening settlement times for users across multiple markets.
In a Business Wire release, Circle and Sasai described integrating USDC into Sasai’s infrastructure to unlock practical on-chain use cases for the stablecoin within Sasai’s network. Sasai operates digital payments services across several African markets, and the partnership would connect Circle’s on-chain rails with Sasai’s cross-border and mobile-payment ecosystem.
Circle CEO Jeremy Allaire framed the collaboration as part of the company’s broader focus on high-growth payment corridors in emerging markets, while Cassava Technologies Chairman Strive Masiyiwa highlighted the potential to broaden access to digital financial services for both businesses and consumers.
Data from DefiLlama shows USDC remains the second-largest stablecoin by market capitalization, at roughly $78.6 billion, trailing only Tether’s USDT, which sits around $184.1 billion. The size of USDC liquidity underscores the potential scale that could flow into Africa’s payments rails as the ecosystem grows.
The rise of crypto and stablecoins in Africa
Africa has witnessed a notable uptick in crypto activity, with Sub-Saharan Africa showing a 52% year-over-year increase in on-chain activity in the 12 months through June 2025, tallying more than $205 billion in on-chain value, according to Chainalysis data cited in recent market coverage. Nigeria accounted for the largest share of that activity—over $92 billion—followed by South Africa, Kenya, Ethiopia, and Ghana. Remittances, cross-border payments, and hedging against currency volatility are among the leading use cases driving this surge.
The region’s crypto expansion is drawing attention from global players expanding into Africa. For example, Blockchain.com announced Ghana-focused expansion as part of its broader push across the continent, reflecting growing demand for retail and institutional access to digital assets and stablecoins as a payment and settlement layer.
Regulatory developments are also beginning to mature alongside growth. Ghana’s Securities and Exchange Commission approved 11 crypto trading platforms to operate within a regulatory sandbox framework under the country’s Virtual Asset Service Providers Act, signaling a structured pathway for crypto services to scale with oversight.
Beyond the technology itself, policymakers and industry participants emphasize stablecoins as a faster, lower-cost alternative to traditional remittance routes. The World Bank continues to highlight an urgent cost challenge: while the global target is to bring average remittance costs below 3%, many economies in Sub-Saharan Africa still register higher levels. A World Bank analysis noted that in 2023 several economies, including Sierra Leone, Uganda, Angola, Botswana, and Zambia, faced remittance costs above 7%.
What this partnership signals for investors and users
The Circle–Sasai collaboration arrives as Africa’s payments ecosystem matures, with an emphasis on onboarding more people into digital finance through stablecoins and mobile-first services. For investors, the deal highlights a growing preference among builders and operators to anchor on-chain liquidity with regionally relevant rails. By anchoring USDC into Sasai’s breadth of services—cross-border transfers, enterprise payments, and consumer wallets—the collaboration could reduce settlement times and processing costs for a broad set of use cases, from small-business payments to worker remittances.
For users, the on-ramp to digital finance in Africa can become more accessible and affordable as stablecoin rails are integrated with everyday payment flows. The combination of Sasai’s regional reach and Circle’s global on-chain platform could create a more seamless experience for individuals and businesses moving money across borders or paying suppliers in other countries, with USDC serving as the common settlement asset.
On the regulatory front, the Ghana sandbox move demonstrates how governments are approaching crypto infrastructure with a combination of oversight and opportunity. This framework can help standardize participation for exchanges and wallets while preserving consumer protections, a development that could encourage broader adoption and more predictable interoperability between on-chain assets and traditional payment rails.
Another dynamic to watch is the broader regional push by established crypto firms into Africa. The combination of rising adoption, improving regulatory clarity, and the entry of global players into local ecosystems could accelerate the velocity of stablecoin use, especially in corridors where remittances and cross-border payments have historically been costlier and slower. If the trend continues, we could see more enterprise-grade solutions built on USDC that specifically target Africa’s fragmented payment landscape, potentially unlocking new business models for remittance corridors, supplier payments, and consumer wallets alike.
The next few quarters will be critical for measuring impact. Key questions include how quickly Sasai can operationalize USDC rails across its markets, what the actual cost savings look like for end users, and how regulators across the region balance supervision with innovation. Market participants will also be watching for concrete usage metrics—volume, settlement times, and cross-border transaction costs—as real-world adoption begins to take hold. As Africa’s crypto infrastructure evolves, collaborations like Circle and Sasai’s could lay the groundwork for a more inclusive digital economy where stablecoins help bridge traditional finance and mobile-first financial services.
Readers should watch for updates on deployment milestones, regulatory progress, and early usage data from Sasai’s network as USDC-enabled services begin to roll out across the continent. The collaboration represents more than a single partnership; it signals a notable shift toward scalable, on-chain payment rails tailored for Africa’s distinctive market dynamics.
The EF’s Post-Quantum and Cryptography teams have consolidated an 8-year research push into an open resource with a roadmap and specifications.
The Ethereum Foundation on Tuesday launcheda dedicated website consolidating the organization’s post-quantum (PQ) security work into a single public resource.
The site represents the public-facing culmination of what the EF describes as an 8-year effort that began with early STARK-based signature aggregation research in 2018.
“Ethereum is designed to serve as resilient, self-sovereign infrastructure — not for decades, but for centuries,” the site reads. The EF frames the transition as an opportunity to strengthen the protocol’s security, simplicity, and decentralization rather than simply swapping one primitive for another.
The resource brings together several strands of work. It breaks down how post-quantum cryptography affects each protocol layer — execution, consensus, and data — and maps out a phased migration across named forks onthe EF Architecture team’s living draft roadmap.
The team’s current assessment places Layer 1 (L1) protocol upgrades as potentially complete by 2029, with full execution-layer migration taking additional years beyond that.
On the threat timeline, the FAQ states that most engineering roadmaps place cryptographic relevance in the early-to-mid 2030s, but that upgrading decentralized global infrastructure will take many years, making early preparation essential.
The PQ milestones are part of the EF’s broader strawmap. Post-quantum L1 is one of five “north stars” alongside fast L1, gigagas L1, teragas L2, and private L1. The strawmap outlines seven forks through 2029 on a roughly six-month cadence, though the document notes that AI-accelerated R&D could compress timelines.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
TLDR:
- RHEA Finance integrates TRON, giving 370 million users access to cross-chain liquidity via one wallet.
- NEAR Intents and Chain Signatures power seamless cross-chain execution without extra wallets or bridges.
- TRON processes over $20 billion daily and holds $85 billion in USDT, making it a key DeFi target.
- Intent-based architecture lets users state financial goals while solvers handle all cross-chain execution.
RHEA Finance has announced its integration with the TRON network, extending chain abstracted liquidity to one of blockchain’s most active ecosystems.
Built on NEAR Protocol’s intent-based architecture, the cross-chain DEX and lending protocol now enables TRON users to trade, lend, and borrow across multiple chains.
Users can do this without bridges, extra wallets, or technical knowledge of underlying chain mechanics.
TRON Users Gain Seamless Multi-Chain Access
The integration is powered by NEAR Intents and NEAR Chain Signatures. Together, these tools allow TRON users to express financial goals, such as lending USDT or swapping TRX. A decentralized solver network then handles execution across supported blockchains automatically.
Users sign transactions using only their existing TRON wallet through the RHEA PassKey experience. This removes the need for NEAR, EVM, or any additional wallet setup. The process is designed to be straightforward and accessible to users of all experience levels.
TRON has built a strong presence in global stablecoin payments over the years. The network holds over $85 billion in circulating USDT supply and supports more than 370 million user accounts.
Additionally, TRON processes over $20 billion in daily transfer volume, making it a natural fit for cross-chain DeFi.
RHEA Finance aggregates liquidity across multiple blockchains through its core architecture. By adding TRON, the platform extends its infrastructure to a vast and active user base. Assets can now move between blockchains without fragmentation or added complexity.
Intent-Based Architecture Addresses Long-Standing DeFi Challenges
NEAR Protocol Co-Founder and RHEA Finance advisor Illia Polosukhin spoke directly to the value of the integration. “With RHEA’s TRON integration, the massive user base of TRON gains access to broad cross-chain liquidity through a single wallet,” he said.
He further noted, “This is the power of NEAR Intents and chain abstraction. The user states their intent and it just works, no need to think about infrastructure.”
TRON DAO Community Spokesperson Sam Elfarra also weighed in on the development. “RHEA Finance’s integration represents a meaningful step in further driving cross-chain DeFi accessibility to TRON’s global user base,” Elfarra stated.
He added that users can now transact across ecosystems without leaving TRON, enhancing interoperability across the broader Web3 landscape.
The integration directly addresses fragmented liquidity and complex bridging workflows in DeFi. It also removes the persistent need for multiple wallets when operating across chains. Users simply express their desired outcome, and the infrastructure manages execution on the backend.
Native settlement workflows are designed to keep collateral and proceeds within the TRON ecosystem. This approach maintains the security and familiarity that existing TRON users expect.
As blockchain interoperability grows, intent-based systems like this show how decentralized finance can scale to meet the needs of a global user base.
EDXM International will launch the first blockchain-based derivative of the Korean won in April 2026, targeting one of the world’s most active currency pairs. The Singapore-based exchange, backed by Wall Street heavyweights Citadel Securities and Fidelity Digital Assets, is introducing a perpetual futures contract that tracks the won against the US dollar. This product utilises a won-backed stablecoin structure to offer institutions a capital-efficient alternative to the traditional non-deliverable forward (NDF) market.
The strategic pivot to Asia comes as the Korean Won cements its dominance in digital asset markets. Trading volumes for KRW pairs have frequently exceeded those for USD pairs on global exchanges during high-volatility periods in 2025 and 2026. EDX Markets is positioning this product to capture the liquidity that has historically been trapped behind South Korea’s strict capital controls.
- Product Mechanics: KRW-linked perpetual futures settled in USDC using the offshore KRWQ stablecoin, launching April 2026.
- Market Opportunity: The KRW acts as a proxy for Asian crypto risk, with Won NDFs commanding roughly $27 billion in average daily volume.
- Strategic Edge: EDXM International utilizes an offshore settlement structure to bypass capital controls that restrict traditional foreign exchange.
How the KRW Perpetual Contract Structure Works
The contract runs on a synthetic pair: KRWQ versus USDC.
KRWQ is a won-backed stablecoin issued by Brainpower Labs, a Cayman Islands-based entity. Traders on EDXM International go long or short on the KRW/USD exchange rate without ever touching the restricted currency. Everything settles in USDC.
The efficiency gap over traditional NDFs is significant. Standard won forwards require banking relationships and T+2 settlement cycles. This settles in real time on-chain. EDXM International CEO Kai Kono put it bluntly: trading stablecoin perpetuals is more efficient than NDFs because settlement is instant and no banking relationships are required.
Brainpower Labs maintains that the offshore minting process complies with current South Korean regulations. Unlike China’s explicit ban on offshore yuan stablecoins, Korean regulators have not moved against offshore won-pegged assets. That regulatory gap is the foundation of the product.
The market it is tapping into is enormous. Won NDFs are the largest non-deliverable market in the world, with average daily volumes near $27 billion. That volume is driven by the Kimchi Premium, the persistent price gap between crypto assets on Korean exchanges versus global platforms, and the sheer size of Korea’s domestic retail trading base.
South Korean retail traders punch well above their weight in global crypto volume. Until now, hedging that currency exposure was exclusive to major investment banks dealing in interbank forwards. EDXM is opening that access to crypto-native institutions directly.
The won has become a regional risk appetite proxy. When crypto rallies, KRW volumes spike, often flipping the Euro and Yen on trading desks. This contract is the first direct rail for crypto funds to trade dynamically without leaving the blockchain.
Wall Street Crypto Moves to Capture Asia FX Demand
EDXM International’s move signals a maturing of the market structure. High-frequency trading firms and hedge funds require regulatory clarity before entering new derivative markets. The backing of Citadel Securities and brokerage giants gives EDX a credibility advantage over unregulated offshore exchanges. Similar to how Swiss banks are fracturing to adopt Bitcoin strategies, traditional U.S. market makers are fracturing their operations to service Asian crypto demand through regulated international arms.
Traders are watching to see if the April launch cannibalises volume from the traditional NDF market. If liquidity migrates from bank-traded forwards to EDXM’s stablecoin perpetuals, it validates the thesis that blockchain rails are efficient enough to replace legacy FX plumbing. The threshold for success will be whether major market makers begin quoting tight spreads on KRWQ/USDC immediately upon launch.
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The post Wall Street Target Asia: New Won Stablcoin Plots Asia FX Dominance appeared first on Cryptonews.
Strategic Waterway at Risk
The Strait of Hormuz is also one of the most important routes of oil transit in the world, and its interruption has already attracted international attention. The US stance has been supported by several nations such as the United Kingdom, France, and Germany, which have put pressure on Iran to allow normal shipping activities. Furthermore, the Gulf countries have also highlighted the necessity to maintain the energy routes steadily to avoid the broader economic impact in case the US attacks. Iran has replied that any assault by the US will be met with attacks on the infrastructure in the region that benefits the US. Energy plants, technology systems, and desalination plants may serve as targets in the case of further escalation, according to the officials. This was also in response to an alleged missile attack associated with Iran on the Haifa refinery in Israel that fueled more tension in the region.
Oil markets responded swiftly to the events, with oil prices rising to approximately 98 dollars per barrel, indicating the increasing supply fears. The traders considered the possibility of extended unrest in the Gulf region, which would constrict global supplies. In addition, analysts observed that strategic reserves might fail to counter lasting supply shocks in the event that the conflict spreads to international markets. The cryptocurrency market revealed a new vulnerability as geopolitical risks rose amidst global markets. Major digital assets suffered losses with investors moving to less risky assets due to uncertainty. The larger risk-off mood thus persisted to press crypto prices even though they have tried to recover in the recent past.
The situation in the financial markets is delicate to any additional update, with each group taking a strong stand. On another indicator, investors are keeping a close eye on any diplomatic happenings that will reduce tensions or avert escalation. Nevertheless, with additional uncertainty surrounding the Strait of Hormuz, volatility can be expected to continue in the near term in both oil and digital asset markets.
Robinhood’s (HOOD) board has approved a new $1.5 billion share repurchase program, according to an 8-K filing with the U.S. Securities and Exchange Commission.
It adds more than $1.1 billion to existing buyback capacity.
The company said it expects to carry out the plan over about three years starting in the first quarter of 2026, though it is not required to buy a fixed amount.
Alongside the buyback, Robinhood also strengthened its access to funding. Its subsidiary, Robinhood Securities, entered into an updated credit agreement with lenders led by JPMorgan. The deal expands a revolving credit facility to $3.25 billion, up from $2.65 billion, with the option to increase total commitments to $4.875 billion.
One of last year’s hottest stocks, in large part thanks to the boom in crypto-related trading, HOOD has lost more than 50% of its value since bitcoin topped in early October. Shares are up 1.4% in after hours trading.
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