Crypto World
Fenbushi Co-Founder Offers $42M Recovery Bounty From 2022 Hack
Fenbushi Capital co-founder Bo Shen has reignited the chase for assets stolen in a 2022 wallet breach tied to a compromised seed phrase. Shen announced a bounty of 10% to 20% of any recovered funds, payable to individuals or organizations contributing meaningfully to the recovery. In parallel, on-chain investigators have already frozen roughly $1.2 million in related assets as fresh leads reshape the tracing narrative.
Shen first disclosed in November 2022 that about $42 million in crypto had been drained from his personal wallet, a loss he said did not affect Fenbushi-related entities. SlowMist, a blockchain analytics and forensics firm, later attributed the breach to a mnemonic seed phrase compromise. The renewed effort, Shen said, follows investigators developing new leads and a clearer view of how the stolen funds moved across chains and through exchanges. Still, as with many asset-recovery efforts in crypto, there is no guarantee of full restitution.
Key takeaways
- Investigators have already frozen about $1.2 million in related assets as new tracing techniques come online.
- Bo Shen’s bounty offers 10% to 20% of recovered assets, with rewards distributed after recovery is achieved.
- Stolen funds were originally estimated to comprise roughly $38.2 million in USDC, 1,607 ETH, nearly 720,000 USDT, and 4.13 BTC, and they were moved through exchanges such as ChangeNow and SideShift.
- Advances in AI-driven data analysis and on-chain forensics are expanding the ability to track asset flows across chains and platforms in seed-phrase breach scenarios.
- The outcome remains uncertain, but the case could serve as a practical test case for new tools and cross‑agency coordination in crypto security investigations.
A renewed hunt: from a 2022 breach to today’s tracing frontier
The 2022 incident marked a high-profile reminder of how quickly digital assets can be drained when seed phrases are compromised. Shen’s initial disclosure outlined a loss of roughly $42 million, describing it as personal wealth shorn from his own wallet rather than from Fenbushi-managed funds. In the months that followed, SlowMist attributed the breach to mnemonic phrase exposure, a two-step reality check for users and firms alike: seed phrase security remains foundational, yet defense-in-depth across custodial and cross-chain channels continues to evolve.
What changes now is not just the potential recovery of funds but the methodological leap in tracing capabilities. Shen notes that earlier, on-chain tracking and cross-chain forensics were more limited, constraining the ability to map flows as assets moved through wallets, exchanges, and liquidity venues. The latest wave of investigations leverages AI-assisted data analysis and more sophisticated on-chain forensics to identify transaction patterns, link addresses, and reconstruct asset paths with greater confidence. This shift is partly why the effort has gained renewed momentum after years of limited visibility.
Assets in play and how they traveled
According to SlowMist, the assets believed to have been stolen included about $38.2 million in USDC, 1,607 ETH, nearly 720,000 USDT, and 4.13 BTC. These funds did not remain static; they were subsequently moved through various channels and, at times, routed through centralized exchanges and swap services. The report notes that paths to recoveries were traced via routes that included platforms such as ChangeNow and SideShift, underscoring the challenge of cross‑exchange reconciliation in a fragmented, multi‑ledger environment.
The ongoing recovery effort cites the involvement of prominent on-chain researchers and investigators who have helped freeze assets in transit. Notably, the on-chain researchers identified in the public discourse contributed to actions that froze about $1.2 million of the missio funds. While this figure is a partial win, it also highlights how swiftly funds can fragment and reappear across pools and rails, complicating efforts to secure a full restitution.
The bounty and the evolving role of forensics
The bounty framework introduced by Shen is notable for two reasons. First, it aligns incentives around the asset-recovery process in a field where cooperation among individuals, firms, and exchanges is often essential but not always straightforward. Second, it reflects a broader trend in crypto security: using tangible rewards to mobilize disparate actors into coordinated action, especially when traditional legal avenues may be slower or less effective in a borderless ecosystem.
Shen’s announcement also foregrounds a shift in what researchers and investigators can offer beyond standard disclosure and reporting. By tying compensation to successful recovery, the effort implicitly endorses more aggressive tracing and collaboration across platforms. It also places a spotlight on the capabilities of on-chain analytics to parse histories that span multiple chains and custodial arrangements—an area where AI-enabled tooling is increasingly becoming a differentiator for investigators and security firms alike.
What this means for investors and the ecosystem
For investors and builders, the Bo Shen initiative illustrates both risk and progress. On the one hand, seed-phrase compromise remains a persistent risk vector; the value of robust key management and hardware wallets, combined with best practices for seed storage, remains undiminished. On the other hand, the case signals that the industry is gradually building a more effective toolkit for tracing and recovering misused assets. The involvement of high-profile figures in the space, coupled with the procedural use of bounties, could persuade more participants to collaborate openly when breaches occur, potentially accelerating the identification of compromised funds and their trajectories.
From a market perspective, the development suggests a growing willingness among insiders to publicly address losses and pursue remedies through non-traditional channels. It also highlights the ongoing tension between privacy, traceability, and accountability in the crypto world. While full restitution is far from guaranteed, the partial freezing of funds demonstrates the practical utility of advanced forensics and coordinated responses in reducing the velocity with which stolen assets can vanish from the system.
What to watch next
Readers should monitor updates on the recovered assets and any progress toward tracing additional funds. The outcome of the bounty—whether and how much of the $42 million ultimately surfaces—will hinge on ongoing forensic work, the cooperation of exchanges and liquidity venues, and the efficacy of the tracing methods being deployed. The case could set a precedent for future crypto-security investigations, especially in scenarios where seed-phrase compromises intersect with cross‑chain activity and exchange liquidity.
As investigators press forward, market participants will be watching how AI-driven analytics and contemporary on-chain forensics continue to reshape asset tracing. While uncertainty remains, the evolving toolkit offers a clearer picture of how complex thefts unfold—and how cooperative, incentive-driven efforts might improve chances of recovery in the volatile landscape of digital assets.
Stay tuned for further disclosures as the recovery effort progresses and more details about the new leads, the scope of recovered funds, and the mechanism for bounty payouts become available.
Crypto World
OKX says it won’t go public until it can deliver returns to investors
OKX does not plan to rush into public markets in the U.S., even as the crypto exchange pushes deeper into global expansion and tokenized finance.
“We will go public when we have confidence that we can give back shareholder value,” said Haider Rafique, the firm’s general manager and chief marketing officer, during a conversation at the Digital Asset Summit in New York on Thursday. “If we are not confident that we can do that, I don’t think there’s going to be any desire for us to go into the public markets.”
The stance comes as OKX recently secured a strategic investment tied to Intercontinental Exchange, the parent company of the New York Stock Exchange, in a deal that valued the company at $25 billion. Rafique said the firm intentionally priced the round conservatively. “I think we did underprice ourselves when you look at our revenue growth, when you look at our licenses and our assets,” he said, adding the move was “very intentional” and tied to long-term shareholder returns.
The comments reflect a broader concern about how crypto companies have performed in public markets. Rafique pointed to at least one major listing that has struggled since going public. “I bought one share… and that one share is at a negative 50% return,” he said. “That’s not a good thing. That’s actually bad for the category.”
While he did not name the company, Coinbase (COIN) — the largest U.S.-listed crypto exchange — has faced volatility since its 2021 debut and currently trades nearly 50% lower than its IPO price. Other crypto-linked listings have also struggled to maintain consistent investor returns, raising questions about how public markets value the sector.
Rafique warned that repeating past patterns could damage the industry further. “If we treat going public the same way we treated ICOs and the 5 million tokens that were put in market last year… then I think we’re doomed as an industry,” he said.
Instead, OKX is positioning itself as a longer-term builder. The exchange, founded in Asia, has grown into one of the largest global crypto trading platforms, particularly in derivatives, where Rafique said it ranks among the top venues. Unlike U.S.-focused rivals such as Coinbase and Kraken, OKX operates across multiple regions, including Europe, Latin America and Asia, giving it a broader liquidity base.
That global footprint is central to its strategy as it eyes further expansion into the U.S. Rafique said international exchanges bring structural advantages, including deeper liquidity across time zones. “Our unified order book becomes a really strong competitive advantage,” he said, particularly during off-hours in U.S. markets.
The company is also betting on tokenized financial assets and blockchain-based infrastructure as the next phase of growth. Its partnership with ICE is expected to support efforts to bring equities and other traditional assets onchain, with OKX acting as a distribution layer for those products.
For now, though, Rafique said the focus remains on building before listing. “We’re going to build this company over 20, 30 years,” he said, framing the IPO decision as one tied to durability rather than timing.
Crypto World
LayerZero Goes Live on Institution-Focused Canton as Its First Interop Protocol
The LayerZero integration gives assets tokenized on Canton access to over 165 public blockchains.
LayerZero has integrated with the institution-focused blockchain Canton (CC), becoming the first interoperability protocol to go live on the network, per a press release shared with The Defiant.
The integration, announced today, March 26, lets traditional financial institutions on Canton route tokenized assets, including securities, digital bonds, and equities, across the more than 165 public blockchains supported by LayerZero, while maintaining their compliance and confidentiality requirements, according to the release.
Also part of the integration, investors can now use stablecoins on external public chains to fund primary purchases of Canton-based tokenized real-world assets (RWAs), while Canton-native tokenized instruments can move into other ecosystems for secondary market trading.
“Canton has already built the rails for traditional finance, processing more than $350B in daily U.S. Treasury repo volume,” LayerZero CEO Bryan Pellegrino said in the release. “LayerZero’s job is to make sure those assets are available in every global market, across blockchains.”
The deal extends LayerZero’s already notable institutional push. In February, LayerZero unveiled its own Layer 1 blockchain, Zero, backed by strategic investments from Citadel Securities and Tether.
The Depository Trust & Clearing Corporation (DTCC) and the New York Stock Exchange’s parent Intercontinental Exchange both said they are evaluating the network for tokenized securities and settlement workflows.
More recently, LayerZero partnered with Centrifuge to expand multichain access for tokenized funds including nearly $861 million in tokenized U.S. Treasuries, as The Defiant reported last week.
For its part, Canton positions itself as the L1 blockchain network for TradFi institutions, with configurable privacy features. Per data from RWAxyz, Canton currently has $342.7 billion in represented asset value from tokenized RWAs, all of which is attributed to Broadridge’s Distributed Ledger Repo (DLR) platform.
Canton’s native CC token now carries a market cap of roughly $5.2 billion, ranking it #21 on CoinGecko. Last June, Digital Asset, the firm behind Canton, raised $135 million in a round that included Goldman Sachs, Citadel Securities, BNP Paribas, the DTCC, and Paxos, with CEO Yuval Rooz saying the capital would accelerate adoption for tokenized bonds, money-market funds, and commodities, as The Defiant reported at the time.
Just yesterday, Visa announced that it has become a Super Validator on the Canton network, becoming the first global payments company to do so, and is set to introduce privacy-preserving payments to the network.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Crypto World
Best Crypto to Invest in for 2026 as SEC Classifies 16 Commodities While Pepeto Offers a Rare 220x Before Listing
There are so many entries in the crypto market now, making it hard to find the best crypto to invest in. The key is to look past the attention and focus on projects that actually solve real problems for everyday traders with tools that work today.
Pepeto has raised more than $8 million and is filling its latest stage, priced at $0.000000186. That kind of traction shows committed interest from wallets that did the math. With a potential return of 220x projected by analysts, Pepeto is outpacing large caps in terms of near term opportunity. For anyone looking for the best crypto to invest in for 2026, this one is worth moving on before the Binance listing closes the entry.
The SEC and CFTC issued a joint ruling on March 17 classifying 16 major cryptocurrencies as digital commodities including BTC, ETH, SOL, XRP, ADA, DOGE, SHIB, LINK, and AVAX, according to CoinDesk.
The decision ended over a decade of regulatory uncertainty and immediately triggered $4.5 billion in Bitcoin ETF inflows during March, according to The Block.
Finding the top entry for 2026 just got clearer because assets with commodity status now have institutional backing, and the presale with a Binance listing approaching sits ahead of all of them in return potential.
Where the Commodity Classification Meets Presale Returns Before Trading Opens
Pepeto
Think of Pepeto as having a personal verification layer for every contract your capital touches. The exchange reviews every smart contract before you interact with it, flagging anything dangerous in plain language. You can ask it any question about a token and the platform explains it in terms that do not require a technical background.
With a clean and fast platform, you do not need to be technical to use the exchange. That built in protection is a big reason why so many wallets are entering the presale as the best crypto to invest in right now. The risk scorer catches the traps before your money moves, PepetoSwap handles every trade at zero fees, and the cross chain bridge sends tokens between networks at zero cost.
Now look at what the numbers mean for your position. The market cap is small enough that 220x from the Binance listing is a rational target, with 193% APY staking building early positions while stages fill faster. The SolidProof audit verified every contract, and the developer who created the original Pepe coin reaching $11 billion with the same 420 trillion supply built the exchange alongside a former Binance expert.
The end of the presale is closer than most realize, with the Binance listing approaching. Pepeto is the best crypto to invest in because the exchange already works and the distance between presale pricing and listing is where 220x lives.
SUI
SUI trades near $0.91 as of March 27 still stuck below $1.00 despite adding hundreds of thousands of new users and receiving commodity classification from the SEC, according to CoinMarketCap.
Support at $0.80, resistance at $1.50. Growing chain, but the return from $0.91 is capped by weak retention and takes months to deliver what one listing delivers from presale pricing.
LINK
Chainlink trades near $8.87 as of March 27 with the CCIP cross chain protocol expanding and the SEC commodity classification confirmed, according to CoinMarketCap.
Support at $7.50, resistance at $10.00. Strong oracle infrastructure, but the path from $8.87 is a recovery measured in quarters, not the compressed timeline where the best crypto to invest in sits at presale pricing before one listing.
Best Crypto to Invest in Confirms the Presale Price Becomes the Return Everyone Talks About After Listing
Pepeto is offering you a chance to enter something that changes your entire cycle. The SEC just classified 16 assets as commodities, and the regulatory era that follows is exactly where an exchange with verified tools and a Binance listing delivers the kind of returns that make the early entry the story everyone references.
The last stage sold out ahead of schedule and this one fills while you read. The Pepeto official website is where getting in now means being on the side that collects when the listing opens trading and every wallet that entered at presale pricing becomes the return that late arrivals wish they had secured.
Click To Visit Pepeto Website To Enter The Presale
FAQs:
Finding the best crypto to invest in?
Many consider Pepeto the strongest option because the exchange runs verified tools today and the Binance listing is confirmed with analysts projecting 220x from presale pricing.
What is the best crypto to invest in for 2026?
Pepeto checks every requirement for traders who want compressed returns. The Pepeto official website is where the exchange is still at presale pricing before the listing opens to the broader market.
What are the top coins to invest in alongside the new commodity classification?
Getting in early at presale pricing means your position has the full distance to the listing ahead of it, and established coins that already cost more face a slower and harder path to deliver returns that change your cycle.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
Goldman Sachs-Backed Canton Links With LayerZero
TLDR
- LayerZero has integrated its interoperability protocol with the Canton Network to support cross-chain asset transfers.
- The Canton Network operates as a blockchain designed for regulated financial institutions and structured markets.
- Goldman Sachs supports Digital Asset, the primary developer behind the Canton Network.
- The integration enables institutions to route tokenized assets across more than 165 public blockchains.
- LayerZero reported that its ecosystem represents over $100 billion in value.
LayerZero has launched its interoperability protocol on the Canton Network to enable cross-chain transfers for institutional users. The integration allows regulated financial firms to move tokenized assets across more than 165 public blockchains. Both organizations confirmed the development in a joint statement released Thursday.
Goldman Sachs and Institutional Backers Support Canton Expansion
Canton Network operates as a blockchain built for regulated financial institutions and structured markets. Digital Asset develops the network, and Goldman Sachs supports the company alongside other firms. Microsoft and DTCC also back Digital Asset as strategic supporters.
Digital Asset raised $135 million in June during a funding round led by DRW Venture Capital and Tradeweb Markets. BNP Paribas, Circle Ventures, Citadel Securities, DTCC, and Goldman Sachs joined the round. The company confirmed that nearly 400 ecosystem participants now engage with Canton.
Goldman Sachs Global Head of Digital Assets Mathew McDermott addressed the partnership last year. He said, “Our longstanding relationship with Digital Asset stems from a deep conviction in the strength of their technology.” His statement highlighted continued institutional backing for the platform.
LayerZero Enables Cross-Chain Routing for Tokenized Assets
LayerZero became the first interoperability protocol to go live on the Canton Network. The integration allows institutions in Canton to route tokenized assets securely across public blockchains. The organizations stated that the system maintains compliance and regulatory standards during transfers.
LayerZero designed its protocol to connect any token or application with any blockchain network. The company reported that its ecosystem represents over $100 billion in value. Through this link, that ecosystem can now access Canton’s institutional infrastructure.
Bryan Pellegrino, CEO of LayerZero Labs, outlined the operational scope of the integration. He said, “Canton has already built the rails for traditional finance, processing more than $350 billion in daily U.S. Treasury repo volume.” He added, “LayerZero’s job is to make sure those assets are available in every global market, across blockchains.”
BNP Paribas, DRW, Goldman Sachs, Liberty City Ventures, QCP, and Tradeweb have participated in testing Canton. The network confirmed ongoing collaboration with firms from both traditional and decentralized finance sectors. Canton stated that these participants contribute to network validation and infrastructure testing.
The integration now links institutional blockchain infrastructure with public networks through LayerZero’s protocol. Both organizations confirmed that institutions can transfer tokenized assets while retaining compliance controls. The companies released the announcement on Thursday as part of their joint update.
Crypto World
OKX Delays U.S. IPO, Cites Weak Crypto Listings
TLDR
- OKX said it will not rush into a U.S. IPO and will wait until it can deliver shareholder value.
- Haider Rafique said the company will only go public when it has confidence in long-term returns.
- OKX secured a strategic investment linked to Intercontinental Exchange that valued the company at $25 billion.
- Rafique said the firm intentionally priced the funding round conservatively despite strong revenue growth.
- He warned that poor stock performance by listed crypto firms has hurt the industry’s image.
OKX said it will not hurry into a U.S. IPO as it expands global operations. A senior executive linked the timing to shareholder returns and market performance. The company instead plans long-term growth across regions and tokenized finance.
OKX Ties IPO Plans to Shareholder Value and Market Timing
Haider Rafique said OKX will enter public markets only when it can deliver shareholder value. He spoke during the Digital Asset Summit in New York on Thursday. He said, “We will go public when we have confidence that we can give back shareholder value.”
He added that the firm will avoid listing without that confidence and clear performance targets. He said, “If we are not confident, there is no desire to go public.” He linked the approach to long-term planning and measured expansion.
OKX recently secured a strategic investment linked to Intercontinental Exchange, which owns the New York Stock Exchange. The deal valued OKX at $25 billion, according to Rafique. He said the company priced the round conservatively despite revenue growth.
He said, “We did underprice ourselves when you look at our revenue growth and licenses.” He added that the pricing decision was intentional and tied to long-term returns. He said the company focused on durability over short-term valuation gains.
Rafique also referenced poor public market performance by crypto firms. He said he bought one share in a major listing that later fell 50%. He said, “That’s not a good thing, and that’s bad for the category.”
He did not name the company during the discussion. However, Coinbase trades nearly 50% below its 2021 IPO price. Other crypto-linked stocks have also faced price swings since listing.
Global Expansion and Tokenized Assets Drive OKX Strategy
Rafique warned that careless listings could hurt the broader crypto sector. He said, “If we treat going public like we treated ICOs, we are doomed.” He compared rushed IPOs to the release of millions of tokens last year.
He said OKX plans to build the company over 20 or 30 years. He described the IPO decision as tied to durability rather than timing. He said the firm wants stable growth before entering public markets.
OKX operates across Europe, Latin America, Asia, and other regions. Rafique said the exchange ranks among top venues in crypto derivatives. He contrasted that reach with U.S.-focused rivals like Coinbase and Kraken.
He said international exchanges benefit from liquidity across time zones. He said, “Our unified order book becomes a strong competitive advantage.” He added that this structure supports trading during U.S. off-hours.
The company also targets tokenized financial assets and blockchain infrastructure. Its partnership with Intercontinental Exchange supports plans to bring equities and other assets onchain. Rafique said OKX will act as a distribution layer for those products.
Crypto World
Solana Long-Short Ratio Signals Unusual Derivatives Positioning
Solana (SOL) is trading at $87, still down 69% from its January 2025 peak near $295.91. The long-short ratio has skewed above 3:1 on some platforms with retail sitting 65.5% long. That is not a normal reading for an asset trading below every major moving average.

(Source – Coinalyze)
The open interest tells the real story. OI sits at roughly $2.2billion and is contracting, down, even as the long bias intensifies. Price moving up while open interest shrinks is a textbook squeeze signature. Not accumulation. Not conviction.
The math does not support a real rally here.
Discover: The best pre-launch token sales
SOL Derivatives Setup: Squeeze Risk or Breakout Fuel?
The long-short ratio is being misread by most traders watching it. It measures position count distribution, not capital weight. Longs and shorts are always structurally matched 1:1 in notional size on derivatives markets. A 3:1 long-short ratio means three times as many traders are positioned long, not that three times as much capital is long. That distinction is critical to understanding the actual risk here.
What makes the current setup unstable is the divergence between that bullish tilt and the absence of fresh capital. Sustained long bias with expanding open interest signals conviction. Sustained long bias with shrinking open interest signals a squeeze in progress, shorts being forced out, not bulls stepping in. The neutral funding rate of 0.0038% per 4-hour period confirms it: this is short covering, not new long entries.
On February 28, the largest single liquidation event pushed SOL to a 52-week low of $77.91, per exchange data. Short liquidations on March 5 totaled $2.58M, 75.6% of total liquidations, against just $0.83M in long liquidations. That 3:1 liquidation skew mirrors the ratio skew almost exactly. The squeeze mechanics are already running.

(Source – SOLUSD, TradingView)
Key technical levels define the binary. The 200-day moving average sits near $150 , structurally far above the current price and representing the ceiling of any meaningful recovery. Near-term, the Changelly model places April channel resistance at $102.51, with $100.37 as the lower bound of that zone. Below current price, the $77.91 February low is the last structural floor before open air.
The bull scenario: price clears $90–$92 with expanding open interest, funding rates tick positive, and the long bias becomes self-fulfilling as momentum traders pile in. SOL’s high-beta profile means a confirmed breakout accelerates fast, similar derivatives setups in other L1s have produced 20–30% moves within days once squeeze momentum flips to genuine accumulation.
The bear scenario: price stalls at resistance, overleveraged longs begin unwinding, and the same reflexivity that would accelerate upside now cascades downside. The Fear & Greed Index at 9, Extreme Fear, alongside a 65.5% long reading, puts the current positioning in the warning zone for pullbacks, as analysts describe it. A breach of $80 triggers the next liquidation cluster.
The long-short ratio is a pressure gauge. Right now it is elevated. That pressure resolves through continuation or liquidation, and without open interest expansion, the liquidation path carries a higher probability. Regulatory developments in crypto derivatives oversight also remain a macro overhang for leveraged positioning across the sector.
Discover: The best pre-launch token sales
Bitcoin Hyper Targets Early Mover Upside as Solana Tests Key Levels
While Solana navigates an unstable derivatives setup with no structural confirmation of reversal, smart money is rotating into Bitcoin Hyper, a Bitcoin-native L2 infrastructure project designed to bring EVM-compatible execution speed to BTC liquidity without wrapped token exposure.
The project differentiates itself through sub-second finality on a Bitcoin-settled chain, targeting the DeFi and perpetuals market currently dominated by Solana and Ethereum L2s. Its presale has raised $5.9M to date, with the current token price at $0.0115 and staking APY locked at 108% for early participants.
The presale window closes before the public DEX listing, which historically represents the highest-risk, highest-return entry point for infrastructure plays. Year-end SOL forecasts ranging from $250–$300 reflect broader L1 recovery expectations — but early-stage infrastructure projects with fixed presale pricing offer asymmetric upside independent of SOL’s near-term squeeze resolution.
Join the Bitcoin Hyper Presale Now
This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry significant risk, including total loss of capital. Always conduct your own research before making any financial decisions.
The post Solana Long-Short Ratio Signals Unusual Derivatives Positioning appeared first on Cryptonews.
Crypto World
Coinbase and Better Launch Crypto-Backed Mortgages With Fannie Mae Backing
Borrowers can pledge Bitcoin or USDC as down payment collateral without triggering a taxable event.
Coinbase and Better Home & Finance announced a partnership on Thursday to offer token-backed mortgages. The product aims to expand access to homeownership while carrying the same Fannie Mae backing as other conforming mortgages.
Qualifying Americans can now pledge Bitcoin or USDC as collateral to fund their cash down payment, securing a standard conforming mortgage without liquidating their digital assets or potentially triggering a taxable event.
How It Works
Instead of needing to come up with cash for the down payment, borrowers pledge their crypto holdings as collateral for a separate loan that covers the down payment. The result is two loans at closing: a standard Fannie Mae mortgage on the home, and a second loan secured by the pledged crypto. Both loans share the same interest rate and amortization term, so the borrower manages a single combined monthly payment — a structure the companies describe as a market first.
The mortgages are designed in accordance with Fannie Mae guidelines and structured as standard conforming loans, which the companies say will enable significantly lower interest rates than those traditionally associated with token-backed loans.
No Margin Calls
If Bitcoin’s value drops, the mortgage terms remain unchanged, and no additional collateral is required. Market movements alone never trigger liquidation. Collateral is only at risk of liquidation in the event of a 60-day payment delinquency, similar to conforming mortgages.
For borrowers who pledge USDC, the collateral earns rewards that can help offset mortgage payments, enabling borrowers to reduce their net effective interest rate.
Coinbase One members who close a crypto-backed or regular mortgage through Better are eligible for a rebate worth 1% of the mortgage value, capped at $10,000, to cover closing costs and fees.
Why It Matters
For decades, the path to homeownership has required Americans to sell assets, liquidate investments, or withdraw retirement savings to cover a cash down payment — often triggering capital gains taxes or early withdrawal penalties. Market reports suggest 52 million American adults, or roughly 20% of the adult population, have owned digital assets.
Until now, borrowers have not been able to get credit for those assets in the traditional mortgage underwriting process without first liquidating them. Crypto-backed mortgages change this by allowing onchain wealth to translate into real-world access, expanding the pathways to homeownership while preserving long-term investment positions.
Better CEO Vishal Garg said the partnership “introduces a new pathway to realizing the American Dream for the 52 million Americans who own digital assets.”
The companies plan to expand eligible collateral types over time to include tokenized equities, fixed income, and other tokenized real estate assets, pending market and regulatory conditions.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Crypto World
Real-World Perps Thrive, While Altcoins Languish
Onchain perpetual futures linked to real-world commodities like precious metals and oil have surged in trading volume, signaling an investor rotation from altcoins to commodity-linked digital assets, according to a report published Thursday by digital asset bank Sygnum.
Trading volume for oil and precious metals perpetual futures markets on the Hyperliquid decentralized exchange (DEX) accounts for over 67% of HIP-3 contracts in Q1 2026, also known as “Builder-Deployed Perpetuals,” on the Hyperliquid platform, according to the report.
Previously, indexes accounted for about 90% of HIP-3 trading activity, but this has fallen to about 17%, according to Sygnum.

Weekend HIP-3 trading activity has surged by about 9x since January 2026, the report said, adding, “This is likely due to an uptick in crypto-native traders rotating into traditional assets as the broader altcoin market continues to underperform.”
Lucas Schweiger, Sygnum digital asset ecosystem research lead, told Cointelegraph that this shift toward onchain digital assets is corroborated by a 250% year-over-year surge in the market cap of tokenized real-world assets (RWAs).
There are about $23 billion in tokenized real-world assets that are traded on permissionless blockchain networks at the time of this writing, he said.

He also said that traders are treating altcoins as “leveraged BTC proxies.” Schweiger told Cointelegraph:
“That creates an environment where crypto-native capital naturally gravitates toward traditional asset perps that can be traded through the same wallet, using the same margin, just a different trade.”
The ongoing war in the Middle East and the disruption to energy infrastructure have caused oil prices to spike, while many altcoins are already down 80-90% below their all-time highs, according to Sygnum.
Related: Bitcoin leads, altcoin indicators drop to intriguing lows: Time for an altseason?
Recessionary concerns mount as Middle East war drags on
The war between the United States, Israel and Iran has disrupted critical energy infrastructure across the Middle East, causing global oil prices to spike to a high of about $120 per barrel.
Oil prices have whipsawed since the start of the conflict, rising or falling in response to comments made by US President Donald Trump and the Iranian government or ongoing developments in the geopolitical crisis.
If the price of oil remains above $100 per barrel in 2026, it will cause inflation to spike, according to Nic Puckrin, market analyst and founder of the Coinbureau media channel.
Traders are still pricing in a potential de-escalation or a quick end to the conflict, but Puckrin warned they may be in for a “rude awakening ”if the crisis persists and higher inflation derails any hopes of further interest rate cuts in 2026.

Since the start of the conflict on February 28, the odds of a US recession have surged to 36% on the Polymarket prediction market platform.
The US economy now has a near 50% chance of entering a recession in 2026, according to ratings agency Moody’s.
Magazine: Bitcoin’s ‘narrative vacuum,’ Ethereum now inevitable: Trade Secrets
Crypto World
XRP Price Prediction: Ripple To Run Once Clarity Act Passes?
XRP price is trading at $1.37, down as much as 3.1% in the last 24 hours, and the frustrating part is that none of the recent bullish prediction and catalysts have mattered.
Goldman Sachs became the largest XRP ETF buyer. Mastercard integrated Ripple into its payments program on March 11. Whales accumulated 1.3 billion XRP in early March. The price barely flinched. But one regulatory event could change all of that, and it’s hanging by a thread in the Senate.
The CLARITY Act would formally classify XRP as a digital commodity under federal law, placing it on the same statutory footing as Bitcoin and Ethereum. The bill cleared the House 294–134 with bipartisan support, but has stalled in the Senate over a stablecoin yield dispute.
Regulatory uncertainty continues to weigh on the broader crypto market, and Galaxy Digital has warned that the bill must clear the committee by the end of April, or it is likely dead for 2026. This deadline is now just weeks away.
With macro headwinds still in play and technicals deteriorating, the XRP price structure deserves a close look before assuming a CLARITY Act bounce is already priced in.
Discover: The best pre-launch token sales
XRP Price Prediction: Can Ripple Breach $1.51 Before the Senate Deadline?
XRP rejected hard at $1.60 earlier this week, printing a bearish pin bar that triggered a 3.3% single-day drop, according to Finance Magnates analysts. Price is now consolidating at just around $1.37, with the 50-day SMA sitting at $1.43 acting as immediate overhead resistance.
RSI reads 50, neutral, but trending lower. The sentiment dashboard shows 26 of 30 technical indicators flashing bearish.

The critical floor is at $1.27, the 23.6% Fibonacci retracement level. A defense of that level opens a path back toward $1.51. Failure sends price toward $1.11–$1.13, a rangeanalysts are actively targeting on the downside.
The longer-term bull thesis, Elliott Wave targets of $5 then $27, depends entirely on legislative clarity materializing before institutional flows rotate elsewhere. That’s a meaningful “if.”
Discover: The best crypto to diversify your portfolio with
Bitcoin Hyper Attracts Early Movers as XRP Tests Key Support
For those watching XRP stall below resistance while a Senate deadline looms, the risk/reward calculus shifts. At the current market cap, a 2x from XRP requires billions in new capital. Even the most aggressive XRP targets remain constrained by its existing scale. Early-stage infrastructure plays offer a different entry profile.
Bitcoin Hyper ($HYPER) is positioning as the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, combining Bitcoin’s security with transaction throughput that its developers claim surpasses Solana itself. The project targets Bitcoin’s three core limitations: slow finality, high fees, and absence of programmable smart contracts.
The presale has raised more than $32 million at a current token price of $0.0136, with staking available at high APY for early participants.
This article is for informational purposes only and does not constitute financial advice. Crypto assets are volatile. Always do your own research before investing.
The post XRP Price Prediction: Ripple To Run Once Clarity Act Passes? appeared first on Cryptonews.
Crypto World
Tether Gold Expands to BNB Chain as Tokenized Gold Market Approaches $5 Billion
The integration connects the dominant gold-backed token to BNB Chain’s RWA ecosystem amid a volatile stretch for spot gold prices.
Tether announced Wednesday that its tokenized gold product, XAU₮, is now available on BNB Chain, expanding the token’s reach to the third-largest decentralized finance (DeFi) ecosystem by total value locked (TVL).
Each XAU₮ token represents one fine troy ounce of physical gold held in Swiss vaults as a London Good Delivery bar. The token is issued by TG Commodities under El Salvador’s Digital Asset Issuance Law.
The move comes at a turbulent moment for gold markets. Spot gold is trading at roughly $4,400 per ounce, well below its all-time high of approximately $5,589 hit in January but still sharply higher year-over-year. Gold surged 64% in 2025, its largest annual gain in 40 years, as investors piled into safe-haven assets amid geopolitical tensions and trade uncertainty.
That rally fueled explosive growth in tokenized gold. The sector crossed $4 billion in market value in January, though the sector remains dominated by just two products, XAU₮ and PAXG, which control more than 95% of the market.
BNB Chain’s RWA Play
The expansion positions BNB Chain to capture more real-world asset activity.
Nina Rong, executive director of growth at BNB Chain, said the integration “extends what is already the second-largest RWA ecosystem by TVL” and gives users “a trusted, gold-backed asset they can use across DeFi without friction.”
Tether also said it has integrated XAU₮ via the USDT0 network, a cross-chain infrastructure layer that enables unified liquidity across blockchains.
Growing Competition
The listing comes as the tokenized gold sector faces growing scrutiny over its concentrated structure. The World Gold Council recently proposed shared infrastructure for tokenized gold products, arguing that the high barriers to entry, including the need to independently build custody relationships, compliance pipelines, audit frameworks, and redemption logistics, limit competition and hamper fungibility.
New entrants are also challenging the duopoly. In January, DeFi protocol Theo launched a yield-bearing tokenized gold product called thGOLD, designed to generate returns on idle gold exposure, something neither XAU₮ nor PAXG currently offers natively.
“People understand gold. They trust it because it has held value for millennia,” said Tether CEO Paolo Ardoino. “With XAU₮, we are not changing what gold is; we are making it usable in a modern financial system.”
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