The Solana Foundation is making a new pitch to large institutions: privacy as a customizable feature, not a trade-off.

In a report released on Monday by the foundation, “Privacy on Solana: A Full-Spectrum Approach for the Modern Enterprise,” the organization argued that the next phase of crypto adoption will depend less on transparency alone and more on giving companies control over what they reveal — and to whom.

The framing marks a shift from crypto’s early ethos. Public blockchains have traditionally emphasized openness, where transactions are visible and traceable, even if users are represented only by wallet addresses. The report acknowledged that this “pseudonymity” model, while foundational, falls short for many real-world use cases. Financial institutions, for example, may need to prove transactions occurred without exposing counterparties, while companies processing payroll must avoid broadcasting employee salaries.

Underlying the pitch is a technical claim: that Solana’s speed makes advanced privacy techniques practical. The team argued that the network’s high throughput and low latency allow these methods to run at near-web speeds, opening the door to use cases such as encrypted order books or private credit risk calculations.

But rather than offering a single solution for privacy, the foundation presented privacy as a spectrum composed of four distinct modes: pseudonymity, confidentiality, anonymity and fully private systems.

At the base level, pseudonymity keeps identities obscured behind wallet addresses while leaving transaction data visible. Moving along the spectrum, confidentiality allows participants to be known while encrypting sensitive information like balances and transfer amounts.

Anonymity flips that dynamic, hiding the identities of participants while allowing transaction data to remain visible. At the far end are fully private systems, where both identities and transaction data are shielded through techniques like zero-knowledge proofs and multiparty computation.

The message is that no single privacy model fits all. “For enterprises, privacy is a spectrum, not a switch,” the report said.

What Solana is trying to do is bring all of these privacy options into one system. Instead of choosing just one approach, companies can mix and match tools — like hiding transaction amounts, proving something is valid without revealing details, or controlling who can access certain data — depending on what they need.

In practice, that could mean executing trades without revealing order size, sharing risk data across banks without exposing individual balance sheets, or allowing users to prove compliance without disclosing personal information.

The report leans heavily on the idea that privacy and regulation can coexist. The team pointed to mechanisms like “auditor keys,” which enable designated parties to decrypt transactions when required. Other systems would allow wallets to demonstrate compliance status without revealing identity. These features are framed as a response to growing regulatory scrutiny, particularly around anti-money laundering rules and financial surveillance.

“Privacy is a market requirement,” the report said. “Customers expect it and applications require it. On Solana, you choose your privacy level, from encrypted balances to zero-knowledge anonymity to multiparty confidential computing. Each level maps to a compliance path, and each is composable with the broader ecosystem.”

Read more: Solana Foundation’s Liu: Focus on finance, not gaming ‘misadventures’

Strategy (formerly MicroStrategy) founder Michael Saylor purchased 1,031 bitcoin (BTC) last week at an average price of $74,326.

Saylor’s buy was in the 80th percentile of the available range and BTC traded between $67,354 and $76,013 during that period. 

It wasn’t a fluke.

Year-to-date across his 12-weekly SEC Form 8-K disclosures totaling 89,599 BTC purchases for $7.25 billion this year, Strategy has consistently bought in the top half of each week’s trading range.

This is according to our analysis of the company’s own SEC filings and corresponding BTC market data.

Strategy’s 2026 purchases of BTC landed above the midpoint of each purchase period’s trading range 80% of the time.

Saylor buys BTC near the top

The pattern holds even when weighting for size. Indeed, Strategy’s two largest purchases of the year, 22,337 BTC in the week ending March 15 and 22,305 BTC in the week ending January 19, both cleared above the midpoint of each week’s range.

The January purchase, disclosed on January 20, cost $95,284 per coin while BTC traded between $90,016 and $97,939 that week.

That placed Strategy at the 66th percentile of the range on its $2.1 billion purchase.

In early February, the firm bought 1,142 BTC at $78,815 during a week when BTC ranged from $59,930 to $79,301. Embarrassingly, that’s the 97th percentile or nearly the worst prices Strategy could have paid.

BTC spent most of that week at much lower prices, but Saylor paid near the ceiling.

Only three of the 12 weekly purchases landed below the midpoint of the range. Worse, those three combined for just 16,705 BTC, or 18.6% of total volume purchased year to date.

‘I’m going to be buying the top forever’

Saylor has acknowledged his approach openly. “I’m going to be buying the top forever,” he posted on X.

Of course, that statement is supposed to reference the slow and long-term price appreciation of BTC, not the literal reality that Saylor is buying near the top of BTC trading ranges.

The numbers confirm it. Strategy’s volume-weighted average purchase price for 2026 is $80,929. BTC currently trades near $70,000, leaving the company’s entire 2026 buying program roughly $1 billion underwater.

The company now holds 762,099 BTC acquired for a blended average of $75,694. At today’s prices, that treasury has an unrealized loss of over $4 billion.

The company’s MSTR common stock, which opened 2026 at $154.59, opened for trading this morning at $138.92, a 10% year-to-date decline.

Each Monday, Saylor discloses the prior week’s purchases via an 8-K filing. The day prior, on Sundays, he usually hints at the purchase by posting some sort of vague yet eminently obvious reference to “orange dots” on his SaylorTracker.

Protos previously noted a similar pattern in April 2025 when Strategy paid well into the top third of the weekly range while BTC spent most of the week near its lows.

A new venture capital firm focused on prediction markets is launching with backing from Polymarket founder and CEO Shayne Coplan and Kalshi co-founder and CEO Tarek Mansour, Bloomberg reported.

The firm, called 5c(c) Capital (named after a section of the Commodity Exchange Act that governs prediction markets) may be the first venture fund built specifically to invest in companies shaped by that regulatory and market structure.

“We want to capitalize on the second-, third-, and fourth-order effects of what we built ourselves,” the founders wrote in a document viewed by Bloomberg.

The launch comes as prediction markets shift from a niche corner of finance into a more visible part of how people track events. Since the U.S. presidential election, trading volumes have climbed and new users have entered the space. Platforms such as Polymarket and Kalshi now host contracts tied to politics, economic data and cultural events, turning public opinion into tradable signals. Polymarket’s trades run on the blockchain. Many crypto-native companies, including Coinbase (COIN) and Kraken, as well as Robinhood (HOOD), have also entered the space in recent months.

That growth has created new business openings beyond the platforms themselves. Startups are beginning to build data tools, liquidity services and compliance systems that support these markets.

5c(c) Capital plans to raise up to $35 million and invest in about 20 portfolio companies over the next two years, according to the document. The strategy centers on early-stage bets tied to infrastructure and services around prediction markets rather than the exchanges alone.

Early backing includes more than twenty investors, among them a portfolio manager at Millennium Management, several crypto-focused venture firms and founders of other prediction market platforms such as PredictIt.

Polymarket declined to comment. Kalshi did not respond in time for publication.

• Active XRP addresses dropped over 40% in four days.
• XRP price remains stuck between a tight trading range.
• Retail holders have grown, but overall network activity is slowing.

XRP has entered a tight and uncertain phase after a brief rally following an announcement by US President Donald Trump that the United States will pause strikes on energy and power installations in Iran after the expiry of the 48-hour ultimatum on opening the Strait of Hormuz.

BREAKING PRESIDENT TRUMP: 🇺🇸🇮🇷 We had very good and productive conversations regarding a complete and total resolution of hostilities in the Middle East.

Military strikes postponed for 5 days. pic.twitter.com/wiZh9F1H5p

— Donald J Trump Posts TruthSocial (@TruthTrumpPost) March 23, 2026

The momentum that initially lifted prices following Trump’s announcement now appears to be fading as the market struggles to find direction.

At the time of writing, XRP is trading around $1.43.

The price has moved within a narrow range between $1.36 and $1.46, reflecting hesitation among traders after a week where XRP slipped by about 5%, extending its broader downward trend over the past year.

While the recent rally gave traders hope, the follow-through has been weak.

XRP Ledger activity drops sharply

One of the most notable developments is the sharp decline in XRP Ledger (XRPL) network activity.

Notably, XRP’s active addresses have fallen by more than 40% within just a few days, according to the data obtained from CryptoQuant.

This drop signals a slowdown in user engagement, which often reflects reduced demand in the short term.

Fewer active participants usually translate to less transaction volume and weaker momentum.

This decline contrasts with the earlier optimism that surrounded XRP’s growing number of wallet holders.

While more people may be holding XRP, fewer are actively using it.

This gap between ownership and activity suggests that investors are choosing to wait rather than act.

Such behaviour is common during uncertain market conditions.

Retail growth continues despite the slowdown

Even as activity drops, the number of smaller XRP holders continues to grow steadily.

This trend points to increasing retail interest in the asset.

A rising base of small holders often signals long-term confidence, even if short-term sentiment is mixed.

It also suggests that XRP is becoming more widely distributed rather than concentrated in a few large hands.

However, growing ownership alone does not guarantee price growth.

Without strong network activity to support it, price movements can remain limited.

This is the situation XRP appears to be facing now.

XRP price outlook

XRP’s current price movements reflect a market caught between opposing forces.

On one hand, there is optimism driven by broader adoption and past rally attempts.

On the other hand, there is clear evidence of weakening participation and fading momentum.

The asset remains well below its previous peak, showing that recovery is still incomplete.

Short-term price action suggests consolidation rather than a decisive move in either direction, with the immediate support level at near $1.33 holding for now.

At the same time, resistance around $1.54 to $1.60 continues to limit upward movement, creating a narrow trading range that traders are watching closely.