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CLARITY Act delay could expose crypto to future crackdowns

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CLARITY Act delay could expose crypto to future crackdowns

Peter Van Valkenburgh has warned that the crypto industry may lose a rare chance to secure clear legal protections in the United States. 

Summary

  • Van Valkenburgh said CLARITY would protect developers from crackdowns driven by politics, discretion, and fear.
  • The Senate stalled the bill as banks and crypto firms clashed over stablecoin yields rules.
  • Without legislation, crypto firms could rely on guidance that another US administration may reverse later.

His comments came as the CLARITY Act remained stuck in the Senate, leaving the sector exposed to future policy changes if Congress does not turn current guidance into law.

Van Valkenburgh, the executive director of Coin Center, said on Friday that the aim of passing the CLARITY Act is not to trust the current administration, but to “bind the next one.” He argued that the bill matters because it would place developer protections into law rather than leave them dependent on policy choices that can change after an election.

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He also warned that a world without those protections could become “grim” for crypto developers. In his view, the absence of legislation would leave the sector exposed to “prosecutorial discretion, political fashion, and fear” instead of clear statutory rules.

The CLARITY Act seeks to create federal rules for digital assets and define when tokens fall under securities or commodities law. The measure is part of a wider push to settle long-running questions over which agency should oversee large parts of the crypto market.

The bill has stalled in the Senate after banks, crypto firms, and lawmakers failed to agree on key terms. One of the main disputes has centered on whether crypto firms and intermediaries should be allowed to offer stablecoin rewards and yield-like products.

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In January, the Senate draft would prohibit firms from paying interest to users solely for holding stablecoins. At the same time, the draft would still allow some rewards tied to activities such as payments or loyalty programs.

That issue has become one of the main reasons the crypto market structure bill has struggled to advance. Banks argued such products could pull deposits from the insured banking system, while crypto firms pushed back and said tighter limits would hurt competition.

Current policy may not survive a change in government

The House of Representatives passed its version of the CLARITY Act in July 2025, but Senate talks later lost momentum. Some industry participants fear that, without legislation, crypto firms may have to rely on regulatory guidance that a future administration could reverse.

Van Valkenburgh linked that risk to the years after Gary Gensler led the SEC, whose final day as chair was January 20, 2025. Since then, the SEC has taken a different approach, including a new Crypto Task Force under Commissioner Hester Peirce, but Van Valkenburgh said friendly discretion alone is not enough to secure lasting rules for the industry.

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BNP Paribas brings crypto ETNs to investors in France

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BNP Paribas brings crypto ETNs to investors in France

BNP Paribas is widening its digital asset offering in France by adding six crypto-linked exchange-traded notes for retail investors. 

Summary

  • BNP Paribas will launch six Bitcoin and Ether ETNs for clients in France on Monday.
  • Clients can access crypto price exposure through securities accounts without buying or storing Bitcoin directly.
  • The launch extends BNP Paribas’ digital asset push after tokenized fund and blockchain bond activity.

Meanwhile, the move gives clients access to Bitcoin and Ether through regulated market products without requiring direct crypto custody. The launch also adds to the bank’s wider blockchain and tokenization activity across Europe.

BNP Paribas will offer six crypto-linked ETNs to retail clients in France from Monday through standard securities accounts. The products track the price of Bitcoin and Ether and will be available to individual investors, entrepreneurs, private banking clients, and users of Hello bank!.

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The bank may later extend access to wealth management clients outside France. This step places BNP Paribas among the large European banks expanding digital asset exposure through listed and regulated investment products rather than direct token trading.

The ETNs allow investors to follow the performance of Bitcoin and Ether without buying or storing the assets directly. This structure removes the need for private wallets or direct handling of crypto holdings through an exchange.

At the same time, the products carry credit risk because the investment depends on the issuer’s ability to meet its obligations. The offering gives clients a regulated route into crypto-linked exposure while keeping the investment within a traditional securities account framework.

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In addition, the new offering follows BNP Paribas’ broader work in digital finance. In 2024, the bank arranged and placed Slovenia’s first digital sovereign bond, which marked the European Union’s first blockchain-based government bond issuance.

The bank has also expanded its role in institutional blockchain networks. In September last year, BNP Paribas and HSBC joined the Canton Foundation, which oversees the Canton Network, a blockchain system built for institutional finance and tokenized real-world assets.

European market shows wider crypto ETN growth

BNP Paribas’ move comes as more European institutions add crypto-linked products to their investment platforms. ING Germany recently expanded its range with crypto ETNs from Bitwise and VanEck, showing continued demand for listed digital asset exposure.

The market has also reopened in the United Kingdom. Crypto ETNs returned to UK retail trading in October 2025 after the Financial Conduct Authority reversed its earlier ban. 

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BNP Paribas’ launch adds France to that broader regional trend as banks test regulated crypto access through existing investment channels.

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Gold Price Analysis: Singapore To Tap Gold Ecosystem

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Gold price might just get a big push from Singapore, and the analysis for the metal is getting bullish. Singapore is making a calculated push to become the Asia-Pacific’s dominant gold trading hub, and the institutional machinery backing that move is significant.

The Monetary Authority of Singapore announced on March 27, 2026, that it would build out a full gold ecosystem, covering physical vaulting, capital market products, OTC clearing, and central bank storage services. Gold price has held elevated as institutional demand accelerates.

MAS Deputy Chairman Chee Hong Tat confirmed the initiative alongside the Singapore Bullion Market Association, framing it explicitly as a new pillar for Singapore’s wealth management sector.

“What we’re doing is to create an ecosystem that enables gold trading activities based out of Singapore,” Chee said, describing the effort as “planting trees in an ecosystem.”

The working group, formed in January 2026, includes heavyweights DBS, JPMorgan, UBS, UOB, ICBC Standard Bank, SGX, and the World Gold Council. The LionGlobal Singapore Physical Gold ETF debuted on SGX just one day prior, on March 26, offering fractional exposure in both SGD and USD through vault operators Brink’s, Loomis, and Malca-Amit.

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The convergence of sovereign-level institutional infrastructure and a brand-new ETF launch positions Singapore’s gold market at an inflection point, one that increasingly intersects with blockchain-based settlement and tokenized real-world asset infrastructure.

Discover: The best pre-launch token sales

Gold Price Analysis: Can Singapore’s Gold Push Sustain Bullion’s Institutional Bid?

Gold’s macro setup remains structurally bullish. Central bank accumulation, persistent dollar uncertainty, and now Singapore’s formal vaulting ambitions for foreign sovereign entities are layering new demand floors beneath spot prices.

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The MAS initiative targets four pillars: physical infrastructure for storage and transport, gold-related capital market products for price discovery, a clearing and settlement system for large bars (12.4kg, the London standard) and kilobars (1kg, the Asian standard), and vaulting services for foreign central banks potentially held within MAS’s own vault.

Gold price might just get a big push from Singapore, and the analysis for the metal is getting bullish. Here's why.
XAU USD, TradingView

That last point deserves attention. Sovereign vaulting demand doesn’t fluctuate with retail sentiment, it anchors long-term institutional positioning. Industry analysts note Singapore is now positioning directly alongside Dubai, Shanghai, and Hong Kong as a primary Asian bullion hub. Job creation across vaulting, trading, and analysis is expected as the ecosystem matures through 2026.

Gold price is falling right now, but Singapore might push it higher than the previous highs.

Discover: The best crypto to diversify your portfolio with

LiquidChain Targets Early Mover Upside as Gold’s Digital Infrastructure Layer Heats Up

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Singapore’s gold push isn’t happening in isolation. The settlement infrastructure, clearing systems, and capital market products Chee described all point toward the same destination: programmable, verifiable asset settlement on-chain.

Institutional blockchain infrastructure is already moving in this direction, and tokenized real-world asset protocols are scaling fast. Spot gold, at current elevated prices, offers limited asymmetric upside for late-stage entries; the structural gains increasingly accrue at the infrastructure layer underneath it.

That’s the thesis behind LiquidChain ($LIQUID), an L3 infrastructure project currently in presale at $0.01435, with over $600K raised to date. LiquidChain fuses Bitcoin, Ethereum, and Solana liquidity into a single execution environment. Its Unified Liquidity Layer enables Single-Step Execution across all three ecosystems without bridging friction. Developers deploy once and access all.

Verifiable Settlement in Liquid Chain bakes auditability directly into the execution layer. As cross-chain interoperability becomes the backbone of institutional DeFi, early-stage L3 infrastructure plays carry the kind of asymmetric upside that spot gold simply can’t match at this market cap.

Research LiquidChain’s presale terms here.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always conduct your own research before investing.

The post Gold Price Analysis: Singapore To Tap Gold Ecosystem appeared first on Cryptonews.

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Dogecoin (DOGE) Exhibits Pattern That Previously Sparked 5,800% and 21,000% Rallies

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

Key Takeaways

  • Dogecoin currently hovers around $0.09106, residing in what historical cycles indicate as a prolonged consolidation period.
  • Technical analysis from Bitcoinsensus reveals Cycle 3 displaying structural similarities to Cycles 1 and 2, which delivered returns of 5,800% and 21,000% respectively.
  • Progressive higher lows characterize each DOGE cycle — Cycle 1 bottomed around $0.000020, Cycle 2 near $0.00070, and Cycle 3 maintaining support above $0.09.
  • Trader sentiment on Binance leans bullish, with long-to-short ratios climbing across both account counts and trading volume.
  • ETF activity shows no momentum, maintaining zero daily net inflow while total net assets hover near $9.12 million without institutional participation.

Dogecoin (DOGE) currently changes hands at approximately $0.09106. The popular meme cryptocurrency has captured renewed interest following a technical analysis shared by crypto analyst Bitcoinsensus, which examines three distinct DOGE market cycles in parallel.

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Dogecoin (DOGE) Price

The first cycle delivered explosive returns exceeding 5,800%. The second cycle surpassed expectations with staggering gains topping 21,000%. Both cycles exhibited identical structural characteristics: gradual accumulation, explosive upward momentum, followed by substantial retracement. The current Cycle 3 demonstrates striking similarities to this established framework.

DOGE achieved a cycle high approaching $0.70 before entering a correction phase. The asset has subsequently declined and currently finds equilibrium within the $0.09 to $0.10 trading corridor.

A notable consistency spanning all three cycles involves progressively higher cyclical lows. The first cycle established its base near $0.000020. The second cycle formed support around $0.00070. The third cycle has successfully defended levels above $0.09 throughout its current retracement.

This ascending low structure indicates buyer conviction intensifying at progressively higher valuations with each successive cycle. The pattern demonstrates Dogecoin attracting an expanding participant base across time.

Binance Trading Activity Reveals Bullish Sentiment

Recent Binance metrics reveal a notable shift in trader positioning. The long-to-short ratio among experienced traders has expanded, evident in both participant count and capital allocation. This development indicates increasing numbers of traders establishing long positions on DOGE appreciation, with many expanding position sizes rather than reducing exposure.

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Such positioning typically reflects strengthening market conviction, though it simultaneously creates conditions for crowded trades. When trader sentiment becomes excessively one-directional, brief corrections frequently emerge.

Nevertheless, current positioning data confirms active accumulation at prevailing price levels, representing deliberate strategy rather than reactive trading to existing price movement.

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Technical Indicators Suggest Market Coiling for Breakout

Examining technical metrics, the RSI registers near 42 — occupying neutral territory between overbought and oversold conditions. The MACD displays minimal momentum. The ADX reads approximately 15, validating the absence of directional trend strength currently.

Bollinger Bands have contracted significantly, establishing resistance around $0.10 and support near $0.09. Historical precedent shows compressed bands typically precede volatility expansion.

A decisive move above $0.10 could establish a trajectory toward $0.15. Conversely, if support at $0.09 fails, additional downside becomes probable.

Regarding ETF activity, daily net inflows register at zero. Total net assets remain around $9.12 million without expansion. Institutional capital flows through this vehicle have remained dormant.

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Market analyst Vuori Trading shared on X that DOGE currently occupies what they characterized as a “generational buying zone,” asserting that “there is no reason why this thing can’t hit $10+ this cycle.”

ETF inflows continue showing zero activity on a daily basis, with total net assets stabilized around $9.12 million.

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Solana (SOL) Faces 77% Decline as Technical Patterns Signal Potential Drop to $60

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

Key Highlights

  • Solana has achieved the highest number of all-time unique developers at 10,864, overtaking Ethereum’s 9,017 total
  • Current SOL price sits at approximately $82.70, representing a massive decline from the 2025 high-water mark, with technical analyst Wealthmanager forecasting a decline toward $60
  • Three consecutive rejections at the $250 resistance zone demonstrate persistent selling pressure at that critical threshold
  • The number of active DEX traders on Solana has collapsed to levels not seen in three years, indicating diminished on-chain engagement
  • Technical analyst Crypto Patel identifies the present price zone near the 0.618 Fibonacci level as a possible long-term buying opportunity spanning $75 to $45

Solana (SOL) currently hovers around the $82.70 price point, maintaining a market capitalization exceeding $47 billion. The digital asset has experienced a dramatic pullback of more than 77% from its 2025 record high. Widespread cryptocurrency market turbulence has significantly impacted the token’s valuation despite impressive underlying network statistics.

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Solana (SOL) Price

Network performance metrics remain robust. Solana has overtaken Ethereum in cumulative unique developer participation, boasting 10,864 contributors versus Ethereum’s 9,017 count. Polkadot occupies third position with 8,995 developers. The blockchain consistently handles more than 3,000 transactions every second on an ongoing basis.

However, solid fundamental indicators have failed to drive upward price momentum. SOL has encountered rejection at the $250 resistance threshold on three separate occasions. This price level has established itself as a formidable barrier where selling pressure reliably materializes.

Futures trading volume has experienced a pronounced decline following the previous peak. Bubble map analytics reveal diminishing demand throughout the market, with the intense buying activity that previously fueled the surge now notably absent.

Bearish Outlook: $60 Target Emerges

Technical analyst Wealthmanager identifies a well-defined macro bearish trend extending from the 2025 apex. SOL continues forming successive lower peaks and troughs. Resistance spanning $100 to $120 has consistently repelled every upward correction effort.

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Wealthmanager holds a short position outlook and anticipates a decline reaching the $60 threshold within a fortnight. Unconvincing bounce formations indicate that buyers currently lack sufficient strength to counteract prevailing downward pressure.

Should this support level fail, the $60–$65 demand area represents the subsequent critical zone for observation. This price range previously provided foundation during the 2024 uptrend.

Examining the two-day timeframe, price movements are developing what analyst Crypto Patel characterizes as a rising wedge configuration. This technical structure has emerged beneath the 200-week moving average. The pattern generally functions as a bearish continuation indicator when appearing following a substantial downturn.

The chart displays a rejection area positioned near the wedge’s upper boundary. A breakdown through the lower trendline would potentially trigger another downward wave.

On-Chain Metrics Show Deterioration

An additional chart published by analyst Sweep using Dune Analytics reveals DEX trader participation on Solana descending to approximately three-year lows. Wallet counts across Solana-based decentralized exchanges experienced substantial growth throughout 2024 but have subsequently undergone sharp reversal.

The metric monitors trader quantity rather than aggregate transaction value. Nevertheless, the retreat to multi-year minimums underscores a pronounced deceleration in speculative network activity.

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Contrarian Long-Term Perspective Remains

Crypto Patel interprets the current trading zone through an alternative lens focused on extended timeframes. He observes Solana is positioned near the 0.618 Fibonacci retracement boundary, spanning $75 to $45. This region corresponds with historical support zones and previous consolidation phases.

He designates this as a prospective accumulation territory, projecting long-term price objectives between $500 and $1,000 across multiple market cycles. He maintains this technical framework remains valid provided price action avoids a definitive breach below $45.

Analyst Moonbag shares a comparable perspective, highlighting price consolidation between support around $80 and resistance approaching $200. He envisions a potential upside breakout targeting $400–$600 should broader market sentiment strengthen.

As of publication, SOL is valued at $82.70.

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Cardano (ADA) Price Struggles at Multi-Year Support While Whales Snap Up 270M Tokens

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

Key Takeaways

  • Cardano is currently priced at $0.2449, resting on a crucial support zone dating back multiple years
  • Futures market indicators reflect pessimism — declining open interest and negative funding rates
  • Large wallet holders added 270 million ADA between midweek and Friday’s close
  • The Cardano network continues to see daily active users below 900, significantly under previous peaks
  • Technical analyst Ali Charts identifies $0.245 as the pivotal support threshold to monitor

As of this writing, Cardano (ADA) is changing hands at $0.2449, clinging to a support zone that has held significance since 2022. Over recent sessions, the token has shed close to 6%, effectively erasing gains that emerged earlier in the week.

[[IMG_2]]
Cardano (ADA) Price

Price movement has largely been range-bound throughout February. This week’s session saw selling pressure intensify, driving ADA back toward the bottom boundary of its established trading channel.

The cryptocurrency is presently positioned beneath both its 50-day and 100-day Exponential Moving Averages (EMAs). On the daily timeframe, the Relative Strength Index (RSI) registers approximately 43, dipping below the neutral 50 threshold and indicating subdued bullish momentum.

Meanwhile, the MACD indicator has crossed beneath its signal line around the zero mark. This technical development confirms the absence of robust buying interest and indicates ADA continues navigating through a prolonged correction.

Futures Open Interest has contracted to $402.94 million, experiencing a steady decline since the middle of March. This reduction reflects diminishing market participation and validates a conservative short-term perspective.

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According to CoinGlass, the current long-to-short ratio stands at 0.83, marking its lowest reading in more than 30 days. When this metric falls below 1.0, it indicates that more market participants are betting on downward price movement rather than upward.

Additionally, funding rates have turned negative at -0.0015%. Under these conditions, short position holders compensate long position holders to maintain their trades, demonstrating that pessimistic sentiment prevails in the derivatives landscape.

Large Holders Increase Positions Near Support Zone

While derivatives markets flash warning signs, blockchain data reveals a more complex picture. Addresses containing 100,000 to 1 million ADA, alongside those holding 10 million to 100 million ADA, collectively acquired 270 million tokens from Wednesday through Friday.

[[IMG_3]]
Source: Santiment

Meanwhile, wallets managing 1 million to 10 million ADA reduced their holdings by approximately 20 million tokens over the same timeframe, suggesting this segment may have surrendered positions while bigger players purchased at lower levels.

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According to CoinGlass metrics, there’s considerable buying support clustering around $0.24, with whale participants establishing $31 million in net long exposure through Binance and OKX perpetual contracts. Spot trading volumes, however, continue at modest levels, potentially signaling that major buyers await clearer trend direction before increasing exposure.

On-Chain Engagement Stays Muted

Throughout March, Cardano’s network engagement has displayed persistent weakness. Since mid-December, daily active users have consistently registered below 900, a stark contrast to the tens of thousands the platform routinely saw during more active periods.

[[IMG_4]]
Source: Artemis

Cardano address count has experienced modest growth, expanding from 4.3 million to 4.44 million, potentially signaling gradual accumulation at reduced price levels during this consolidation period.

Critical Support and Resistance Zones

Looking at downside risk, initial support is located at $0.24. Should ADA close below this threshold on a daily basis, it would expose the $0.23–$0.22 range. For upside potential, the nearest resistance barrier appears at $0.27, with a more substantial obstacle positioned around $0.30.

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Technical analyst Ali Charts has highlighted $0.245 as the crucial support zone deserving attention for ADA, which corresponds closely with current trading levels.

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BNP Paribas Adds Bitcoin, Ether ETNs for France Retail Users

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BNP Paribas Adds Bitcoin, Ether ETNs for France Retail Users

French multinational universal bank BNP Paribas is expanding its investment offering to include six crypto-linked exchange-traded notes (ETNs), giving retail clients in France access to Bitcoin and Ether exposure through regulated products.

The new ETNs, indexed to the price of Bitcoin (BTC) and Ether (ETH), will be available from Monday via standard securities accounts, according to the company. The products are open to individual investors, entrepreneurs, private banking clients and users of the bank’s digital platform, Hello bank!. The rollout may later extend to wealth management clients outside France.

Unlike direct crypto purchases, ETNs allow investors to track the performance of digital assets without holding them. ETNs have credit risk (if the bank fails, you lose money), no tracking error and tax advantages.

The move builds on the French bank’s broader digital asset efforts. In 2024, BNP Paribas arranged and placed Slovenia’s first digital sovereign bond, marking the European Union’s debut issuance of a blockchain-based government bond.

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Related: Trading 212 let UK retail trade crypto ETNs without FCA approval: FT

BNP Paribas join Canton Network

In September last year, BNP Paribas and HSBC joined the Canton Foundation, which governs the Canton Network, a blockchain focused on institutional finance and real-world asset tokenization.

Prior to this, BNP Paribas joined Goldman Sachs, Citadel and other major financial players in backing Digital Asset’s $135 million funding round. Digital Asset is the firm behind Canton.

Last month, BNP Paribas Asset Management also launched a tokenized share class of a money market fund on the Ethereum blockchain, expanding its push into fund tokenization using public infrastructure. The move builds on an earlier private blockchain issuance in Luxembourg.

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Related: Germany‘s central bank president touts stablecoin and CBDC benefits for EU

Crypto ETN adoption grows in Europe

Adoption of crypto-linked ETNs is expanding across Europe, with ING Germany adding new products from Bitwise and VanEck to its investment offering.

Crypto ETNs also returned to the UK retail market in October 2025 after the Financial Conduct Authority (FCA) reversed a ban imposed in 2021.

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