Crypto World
OKX Ventures Invests in RWA Stablecoin with Securitize, Hamilton Lane
Securitize is piloting a novel real-world asset (RWA) stablecoin that is backed by tokenized private credit assets, marking a notable push to bring regulated, yield-generating assets onto blockchain rails. The initiative unfolds through a collaboration with STBL, Hamilton Lane, and OKX Ventures, aiming to issue the new stablecoin on OKX’s X Layer network. The structure ties the stable unit to tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund via a feeder arrangement, while separating the yield generated by the underlying assets from the stablecoin itself. This approach is designed to address regulatory nerves around passive yields while enabling programmable settlement within a regulated, on-chain framework.
The collaboration brings together three pillars: Securitize’s tokenization platform, STBL’s stablecoin infrastructure, and Hamilton Lane’s private credit expertise, with financial backing and strategic input from OKX Ventures. The project envisions a broader ecosystem where institutional private markets can be accessed and managed on-chain, leveraging liquidity and settlement capabilities that are increasingly common in Layer-2 environments. In a Thursday X post, Securitize described the product as an ecosystem-specific stablecoin that will be issued on X Layer and collateralized by tokenized exposure to the Senior Credit Opportunities Fund, arranged through a feeder structure managed by Securitize.
The architecture is designed to keep the stable token distinct from the yields it represents. A dual-token model is central to the design: one token maintains price stability, while a separate mechanism accrues yield from the underlying assets. This separation is meant to respond to regulatory discussions in the United States that have focused on stablecoins that distribute passive returns to holders. By routing yield generation to the collateral layer, the framework aims to preserve the stability function of the token itself while still allowing on-chain access to private-credit yields. In a January 14 post, STBL emphasized that the approach aligns with evolving regulatory expectations of distinguishing stable payment instruments from investment products.
“This initiative brings deep liquidity, programmable settlement, and compliant yield management to the X Layer ecosystem, setting a new standard for how capital flows onchain.”
The project’s emphasis on real-world asset liquidity reflects a broader trend in which on-chain finance seeks greater institutional participation. STBL’s yield architecture is described as a deliberate attempt to sidestep certain regulatory concerns by ensuring the stablecoin is not classified as a yield-bearing instrument. The structure proposes that returns accrue at the collateral layer rather than being paid directly to stablecoin holders, a design choice that market participants hope will ease compliance frictions as digital asset markets mature. STBL’s statements highlight the intent to align with regulators’ expectations that separate the instrument used for payments from the investment or yield-generating activities beneath it.
In explaining the rationale, Securitize noted that tokenization of private credit, when combined with programmable settlement, can unlock a level of on-chain efficiency previously unavailable to traditional markets. The feeder arrangement linked to Hamilton Lane’s Senior Credit Opportunities Fund is intended to provide a robust, diversified exposure to private credit assets, while the on-chain wrapper enables programmable settlement and potentially broader liquidity across the X Layer ecosystem. The executives cited that the arrangement leverages the strength of tokenization and institutional governance structures to bring private markets into the on-chain world.
The collaboration is also positioned within a wider regulatory dialogue around stablecoins. By creating a dual-economy dynamic—one for the stable unit and another for the yield—the parties aim to provide a framework that can be more palatable to policymakers who are wary of passive yield mechanisms. The approach reflects a growing industry push to design financial primitives that preserve the reliability and predictability of stablecoins while still enabling on-chain access to sophisticated yield-generating strategies.
Cointelegraph reached out to OKX Ventures and STBL for comment on the token’s architecture and yield expectations. The public posts from Securitize and STBL on X provide the primary public vantage points for understanding how the feeder structure interacts with Hamilton Lane’s private-credit assets and how the on-chain settlement process is intended to function within the X Layer network. The broader context includes ongoing policy discussions around US market structure and the regulation of stablecoins, including concerns about passive yields on stablecoin holdings.
Related reporting has highlighted ongoing debates about tokenization, on-chain settlement, and regulated approaches to stablecoins, underscoring that the sector is still navigating a complex regulatory landscape. The new framework’s emphasis on separating stable value from yield is a direct response to these discussions, positioning the product as a test case for how regulated tokenization can coexist with the on-chain ecosystem.
The evolving design also aligns with broader efforts to tokenize RWAs and integrate them within regulated digital asset ecosystems. Securitize’s platform, which has logged immense growth in tokenized assets and long-standing relationships with major players in traditional finance, provides a credible basis for such an initiative. The project’s success will hinge on how effectively the feeder structure translates private-credit exposure into reliable on-chain liquidity, how well the dual-token model withstands regulatory scrutiny, and how the X Layer network accommodates scalable, compliant programmable settlement.
As the ecosystem evolves, observers will be watching for how governance and product metrics develop, including yield expectations, liquidity depth, and the ability to maintain stable unit value amid fluctuating demand for private-credit exposure. The collaboration signals a maturing phase in on-chain finance, where institutional players are increasingly willing to explore regulated mechanisms that can deliver both stability and yield through tokenized, on-chain structures.
Sources: OKX Ventures and STBL statements via X posts; Securitize’s official X post; Hamilton Lane’s exposure strategy via the same channels; regulatory discussions surrounding US market structure and stablecoins.
Video and related materials linked to the project are available through the channels referenced in the announcements, including a YouTube video linked in the original content. To review the latest details and context, readers can follow the primary posts on X from Securitize and STBL and the accompanying materials from Hamilton Lane and OKX Ventures.
Market context
Market context: The launch arrives as tokenization of real-world assets gains traction among institutional investors, even as regulators scrutinize stablecoins that distribute passive yields. By combining regulated tokenization, programmable settlement, and a dual-token design, the project seeks to balance on-chain efficiency with strict compliance expectations. The initiative also underscores growing interest in Layer-2 ecosystems like X Layer as venues for institutional-grade liquidity and on-chain settlement that can bridge traditional finance and digital asset markets.
Why it matters
The collaboration represents a notable step in the ongoing integration of real-world assets into on-chain finance. By linking a tokenized private-credit exposure to a stablecoin structure, the project tests whether RWAs can deliver stable value on-chain while preserving the ability to generate yield from traditional asset classes. If successful, this model could unlock new liquidity channels for private credit, potentially expanding the investor base for specialized funds and enabling more dynamic, on-chain risk management tools for institutions.
For builders and investors, the dual-token approach offers a blueprint for designing stablecoins that decouple payments from investment performance. Regulators have shown heightened scrutiny of yield-bearing stablecoins, and this architecture attempts to address those concerns by ensuring that the stable unit maintains price stability independently of the yield generated by the underlying assets. The project highlights how tokenization, governance, and settlement engineering can converge to create on-chain instruments that appeal to both institutional participants and compliant market participants.
From a market perspective, the initiative underscores the importance of liquidity and settlement infrastructure in enabling RWAs to function effectively on-chain. It also points to a broader appetite among market participants for regulated, transparent frameworks that can accommodate complex asset classes while offering the operational advantages of blockchain technology. The success of this approach will influence how other asset managers, custodians, and exchanges approach RWAs and their representation as on-chain instruments.
What to watch next
- Timeline and milestones for the stablecoin’s issuance on X Layer, including any feeder-structure milestones and governance changes.
- Regulatory updates or formal guidance that clarify how the dual-token model will be treated under US stablecoin and securities rules.
- Details on the yield mechanism at the collateral layer, including any performance benchmarks and risk controls for the underlying Senior Credit Opportunities Fund exposure.
- Confirmation of liquidity.Depth on X Layer and any listed or cross-chain integrations that expand access to the tokenized private-credit exposure.
- Additional announcements from Securitize, STBL, Hamilton Lane, and OKX Ventures detailing product roadmap and potential expansion into other asset classes or funds.
Sources & verification
- Official X posts from Securitize describing the ecosystem-specific stablecoin and its feeder structure.
- STBL official posts discussing the yield architecture and regulatory alignment for stablecoins.
- OKX Ventures statements and materials related to the investment and strategic collaboration.
- Hamilton Lane materials outlining the Senior Credit Opportunities Fund exposure used in the feeder arrangement.
- Discussion of the US market structure bill’s provisions affecting passive yield on stablecoins and related regulatory debates.
Thailand’s crypto ecosystem is facing intensified scrutiny as authorities push a stricter regime on digital asset transactions. Operators in the country report that more than 10,000 accounts suspected of laundering funds have been frozen in the wake of tightened screening rules. The changes aim to slow dubious transfers and require additional Know Your Customer checks before higher-risk movements are completed, according to reporting from the Bangkok Post. The move marks a broadening effort by regulators and industry associations to curb illicit activity in a market that has seen a surge of compliance measures in recent years.
Key takeaways
- Thai licensed digital asset operators froze over 10,000 accounts identified as suspect mule accounts after the rollout of new screening measures and enhanced KYC checks for higher-risk transfers.
- The tightening builds on coordinated efforts by the Securities and Exchange Commission (SEC) of Thailand and the Thai Digital Asset Operators Trade Association (TDO), with support from the Bank of Thailand and various law enforcement agencies.
- Earlier in 2025, operators reportedly froze a much larger pool of mule accounts, with 47,692 identified in the period and handled within the Thai digital asset framework.
- Authorities have signaled a broader push to close money-laundering loopholes by enforcing the Travel Rule for digital asset transfers and enhancing data-sharing between crypto operators, banks, and law enforcement.
- Regulatory momentum in Thailand continues to unfold alongside actions against “gray money” in gold markets, reflecting a comprehensive tightening of financial oversight across asset classes.
Market context: The crackdown mirrors broader regional and global moves toward stricter AML/CFT standards for crypto activities. It comes as regulators push for clearer guidelines and cross-agency cooperation to curb illicit flows while balancing innovation and investor protection in Southeast Asia.
Why it matters
The Thai authorities’ approach signals a more disciplined regulatory environment for digital assets in Southeast Asia. By pairing tighter screening with explicit Know Your Customer procedures, officials aim to choke off the so-called mule accounts that move funds through multiple layers before reaching illicit destinations. For operators, the measures translate into deeper onboarding checks and stricter controls on high-risk transfers, potentially increasing compliance costs but also reducing reputational risk stemming from association with crime.
For investors and users, the evolving framework could bring greater transparency and predictability, albeit with heightened friction on some transactions. The Travel Rule enforcement adds another layer of customer-identification requirements, particularly for wallet-to-wallet transfers routed through exchanges. This aligns Thailand with a growing set of jurisdictions prioritizing traceability in digital-asset movements, even as the sector seeks to maintain smooth access to finance and capital markets for legitimate participants.
From a policy perspective, the collaboration between the SEC, the TDO, and federal and local enforcement bodies illustrates a mature, multi-agency approach to crypto regulation. The joint efforts to expand data-sharing, tighten screening, and standardize suspicious-activity responses demonstrate a willingness to move swiftly when red flags arise, while still engaging industry stakeholders in crafting practical safeguards.
What to watch next
- Outcomes from the February 2025 SEC–TDO workshop, including new guidelines for monitoring and investigating mule accounts and any published expedited measures.
- follow-up steps on expanded data-sharing between crypto operators, banks, and law enforcement to prevent transfers to suspected mule accounts.
- Any additional rounds of mule-account identification or freezes, and whether these actions target specific platforms or market segments.
- Regulatory guidance on broader digital-asset safeguards, including potential updates to the Travel Rule and related compliance requirements.
Sources & verification
- Bangkok Post: crypto-operators freeze 10,000 suspect accounts — https://www.bangkokpost.com/business/general/3213543/crypto-operators-freeze-10000-suspect-accounts
- SEC statement on collaboration with TDO and other agencies to tighten safeguards — https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11581&rand=113627
- Bangkok Post: SEC to expand digital asset framework — https://www.bangkokpost.com/business/investment/3180638/sec-to-expand-digital-asset-framework
- Pattaya Mail: Thai PM orders tighter oversight of gold and digital asset transactions to close financial loopholes — https://www.pattayamail.com/thailandnews/thai-pm-orders-tighter-oversight-of-gold-and-digital-asset-transactions-to-close-financial-loopholes-532051?utm_source=chatgpt.com
Thailand tightens mule accounts crackdown across digital assets
The Thai crypto ecosystem has entered a phase of heightened vigilance as regulators press for greater integrity in digital-asset markets. The most visible development so far is the publicized freeze of more than 10,000 accounts flagged as mule accounts—vehicles used to launder illicit funds or mask the origin of criminal proceeds. This action followed the implementation of stricter screening measures designed to slow down suspicious transfers and require additional Know Your Customer checks before completing higher-risk transactions. The Bangkok Post highlighted these changes, noting that operators have started to identify and freeze a substantial number of accounts as a consequence of the enhanced due-diligence regime.
Industry participants at the helm of Thailand’s digital-asset scene point to a broader, ongoing effort to curb illicit activity. Att Thongyai Asavanund, chief executive of KuCoin Thailand and chairman of the Thai Digital Asset Operators Trade Association (TDO), described the current phase as a direct response to evolving risk indicators. He said the tightened screening process enabled exchanges and brokers to identify and freeze more than 10,000 mule accounts, reflecting a concerted push by the sector to uphold compliance standards while continuing to serve legitimate traders and investors.
The collaboration between regulators and the industry has grown more structured over time. In February 2025, the SEC disclosed that it had worked with the TDO, the Bank of Thailand, the Cyber Crime Investigation Bureau, the Central Investigation Bureau, the Anti-Money Laundering Office, and the Thai Bankers’ Association to develop additional safeguards against mule accounts. This multi-agency effort underscores the Thai government’s intent to close gaps that criminals exploit—particularly as the country’s digital asset market expands and becomes increasingly integrated with traditional financial systems.
Earlier summaries from Thai authorities and media reported a broader, systemic approach to combatting mule accounts, with a sequence of enforcement actions that extended into 2025. Reports indicated 47,692 mule accounts had been frozen by Thai digital asset operators in 2025, signaling a sustained and data-driven approach to identifying risk and applying countermeasures. The TDO, which represents licensed digital-asset operators, continues to advocate for balanced governance that protects consumers while enabling legitimate innovation in the sector. As the sector broadens, exchanges and brokers alike are expected to tighten onboarding, enhance monitoring, and cooperate with law enforcement in real time.
The regulatory push also intersects with efforts to crack down on “gray money” flows in other asset classes. Thailand recently launched a comprehensive campaign aimed at closing money-laundering loopholes in both physical gold markets and crypto assets, emphasizing a holistic approach to financial crime prevention. In parallel, the government has pushed to strictly enforce the Travel Rule, requiring licensed crypto-asset service providers to collect and transmit identifying information about the sender and recipient of certain digital-asset transfers—particularly for wallet-to-wallet transfers facilitated via exchanges. This alignment between crypto, banking, and law-enforcement bodies marks a decisive step toward comprehensive oversight that aims to deter illicit activity while maintaining market resilience for compliant participants.
The evolving regulatory landscape in Thailand signals a broader shift in how Southeast Asian markets approach crypto compliance. With multiple agencies coordinating and industry groups actively participating in rule-making, the region appears to be moving toward more interoperable standards that can withstand the pressure of illicit finance while still accommodating legitimate innovation and investment.
Tokenized stocks have surpassed $1 billion in total value on-chain, marking a new milestone for the fast-growing real-world asset (RWA) sector.
Data from RWA.xyz shows the value of tokenized equities climbing past the $1 billion mark, as platforms offering blockchain-based exposure to traditional stocks attract more trading activity and liquidity.
Much of that activity is concentrated among a small number of players. RWA.xyz data and a report released Tuesday by Foresight Ventures show Ondo as the largest tokenized stock platform by value, while xStocks products account for another significant share of the market.
On Tuesday, Foresight Ventures released a report arguing that the market is consolidating around these early leaders, citing regulatory barriers, liquidity advantages and differing tokenization models as key factors shaping competition in the sector.
Tokenized stocks form an early duopoly
RWA.xyz data shows that Ondo holds roughly 58% of the market, while tokenized stock products issued under the xStocks platform account for about 24%, forming an early duopoly in the sector.
Alice Li, an investment partner at Foresight Ventures, told Cointelegraph that the early leaders gained an edge by making clear structural choices around liquidity, legal frameworks and distribution.
“Building one of these platforms requires liquidity infrastructure, multi-jurisdiction legal rights, and DeFi composability, and those three things pull against each other,” Li told Cointelegraph.
Li said Ondo and xStocks got to where they are because they “made a clear architectural bet early and built deep around it.”
Related: Tokenized RWAs climb 13.5% despite $1T crypto market drawdown
Market concentration is not unique to tokenized equities. In a post on X, DeFiLlama founder 0xngmi said revenue across several DeFi sectors is increasingly flowing to the top two platforms.
He cited data from the analytics platform showing similar patterns in stablecoins, derivatives and decentralized exchanges.
Tokenized assets continue to expand across crypto markets
The growth of tokenized equities comes amid broader momentum in blockchain-based RWAs.
According to RWA.xyz data, the total value of tokenized RWAs excluding stablecoins has climbed to roughly $26 billion, reflecting growing demand for blockchain-based representations of traditional financial instruments.
On Feb. 26, the tokenized US Treasury market surpassed $10.8 billion in market capitalization. At the time of writing, the sector’s overall value is at $11.13 billion, indicating continued growth.
Trading activity has also accelerated for tokenized RWAs. On March 6, trading volumes in tokenized stocks and exchange-traded funds routed through the 1inch aggregator’s integration with Ondo exceeded $2.5 billion since the partnership launched in September 2025.
Magazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express
Analysing the EUR/USD chart five days ago, we:
→ constructed a downward channel, noting signs that the bears remained in control;
→ outlined a scenario in which the rate would decline to a new yearly low (and test the lower boundary of the channel).
Yesterday’s price action confirmed these assumptions – the low at H is below the low of 3 February (F), refining the lower boundary of the channel. At the same time, the sharp upward reversal (shown by the arrow) indicates increasing demand, driven by a shift in sentiment due to several factors, including:
→ Trump’s speech, in which the president stated that the war in Iran is progressing successfully and that he has contingency plans for any scenario. This cooled demand for the USD as a safe-haven asset.
→ Expectations of US inflation data scheduled for release tomorrow.
Technical Analysis of the EUR/USD Chart
Recent developments mean that the previously formed sequence of lower extremes A–B–C–D–E–F has been extended with new turning points G and H. However, the EUR/USD chart suggests that this sequence has already been disrupted.
Note that:
→ the price has confidently recovered after yesterday’s bearish gap at the market open;
→ the drop below the F low near the 1.1530 level was extremely brief (a sign of a bullish Liquidity Grab pattern);
→ the market may be sensing the proximity of the psychological 1.1500 level.
Moreover, demand-side forces are today attempting to push the price into the upper half of the channel. Therefore, forex traders should not rule out the possibility of a further recovery in EUR/USD from the fresh yearly low. In this case, former support levels at 1.1680 and 1.1750 may act as resistance to further gains.
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Crypto market strength extended into Tuesday, with bitcoin gaining by 3.9% since midnight UTC to trade at $71,000 while ether (ETH) is back above $2,000, a level it recently had problems surpassing.
Crypto was not alone in its ascent. U.S. equities and precious metals also after U.S. President Donald Trump said the war in Iran would come to an end “very soon.” The dollar and oil gave back much of their gains of the past week.
The Dollar Index (DXY) briefly traded as high as 99.7 on Monday, and is now at 98.5. The crypto market is inversely correlated to the dollar, so a bitcoin breakout could be on the cards if DXY continues to weaken through the rest of the week.
The war in Iran — which, it appears, may now be shorter than many thought — has exposed a resilience in the crypto market that was previously absent. Bitcoin had beaten stocks and precious metals since the conflict began, potentially rebuilding the asset class’ reputation as a haven investment.
But it is not out of the woods yet. Bitcoin and the broader market remain in a clear downtrend since early October, characterized by a series of lower highs and lower lows. In order that break that trend, bitcoin needs to trade back up toward $98,000 having established levels of support along the way.
Derivatives positioning
- Open interest (OI) in futures tied to HYPE, the best-performing token of the past 24 hours, has grown 14% to $1.41 billion, according to Coinglass. OI topped 40 million HYPE, a level that remains close to recent lows.
- For both BTC and ETH, open interest has risen more than 5%, outpacing gains in spot prices. This shows fresh capital inflows as markets rally.
- In tether gold (XAUT), futures OI continue to decline and has dropped below 110K XAUT, a sign investors are rotating money out of recent outperformers like gold-linked assets.
- Annualized perpetual funding rates for most tokens remain slightly positive, suggesting a narrow dominance of bullish bets. Tokens such as ZEC and SUI stand out with negative rates.
- Most major cryptocurrencies, excluding BCH, XMR and XAUT, have seen aggressive bidding, as evident from their OI-adjusted cumulative volume deltas.
- BTC and ETH’s 30-day implied volatility indices, BVIV and EVIV, have dropped by over 4%, a sign traders are pricing out uncertainty in the wake of oil’s drop back below $100.
- Still, on Deribit, BTC and ETH protective puts remain pricier than bullish calls across all time frames. Positioning of market makers is such that volatility could pick up markedly on a potential BTC price move above $75,000.
- Block flows featured demand for BTC straddles, a volatility bet and call spreads, a bullish strategy. In ETH’s case, traders chased risk reversals.
Token talk
- The altcoin market was particularly buoyant on Tuesday, with Solana-based DEX token jupiter (JUP) posting a double-digit gain since midnight UTC.
- Restaking token ETHFI also gained, rising by 6.5% to reach its highest point since Jan. 29.
- HYPE, the native token of derivatives exchange HyperLiquid, was more restrained, rising by just 0.5% since midnight. That’s despite BitMEX founder Arthur Hayes calling for record highs of $150 in a blog post on Monday. HYPE now trades at $34.8 with much of its 24-hour gains occurring early on Monday before Trump’s comments on the war.
- The best performing CoinDesk benchmark over the past 24 hours was the bitcoin- and ether-heavy CoinDesk 5 (CD5) and CoinDesk 10 (CD10) indexes both up by 4.3% while the DeFi Select Index (DFX) was closely behind after rising by 4%.
- The same couldn’t be said for the memecoin index (CDMEME), which is at the bottom of the pack after rising by just 2.6%.
Crypto World
Bitcoin price holds above $70k as exchange outflows rise and Iran conflict impact eases
- Exchange outflows reduce available Bitcoin, tightening the market.
- Easing Iran tensions boosts investor confidence and trading activity.
- Traders and institutions step in, supporting the price during dips.
Bitcoin (BTC) has rebounded above $70,000 amid easing impact from the ongoing war between Iran, the United States and Israel.
At the start of the war, the cryptocurrency dipped below $66,000 within days, but it has now stabilised and started to rise, though sluggishly.
At press time, BTC was trading at $71,033, up 4.1% in 24 hours and 7% over the past week.
Exchange outflows tighten available supply
The decline in Bitcoin reserves on exchanges has become a notable trend in recent months.
Holdings on centralised platforms have dropped to levels not seen since 2019, with millions of coins being withdrawn into private wallets or institutional custody.
This trend reflects growing confidence among long-term investors, who are increasingly keeping their Bitcoin off-exchange to reduce exposure to sudden liquidations.
Spot Bitcoin ETFs have also contributed to this reduction in available supply.
Since their introduction, the Bitcoin ETFs have absorbed substantial amounts of BTC, storing them in secure cold storage.
This accumulation limits the coins available for active trading, creating a tighter market environment.
Corporate treasuries have further added to the trend, holding significant amounts of Bitcoin for strategic purposes.
Together, these movements mean that while overall demand remains, fewer coins are actively circulating, creating potential for price support.
Geopolitical tensions ease, risk appetite returns
Furthermore, Bitcoin’s price rebound coincides with a decline in market fears over the Iran conflict.
Earlier concerns about potential escalation had briefly pushed oil prices higher and fueled risk-off sentiment across global markets.
But as the situation shows signs of stabilisation, investor confidence is gradually returning, especially after United States President Donald Trump hinted that the war could end very soon.
The easing of these geopolitical risks has allowed traders to step back into Bitcoin positions that had been paused during periods of heightened uncertainty.
Futures markets and institutional desks have also seen renewed activity, helping to support the cryptocurrency even amid broader market volatility.
Oil price fluctuations, which previously pressured Bitcoin along with other risk assets, have also eased as markets adjusted to the changing risk landscape.
Bitcoin price outlook
Technical indicators suggest that Bitcoin is in a strong bullish rebound, although momentum has been uneven.
While short-term swings remain, the underlying supply-tightening trends and renewed institutional demand offer a structural basis for continued price resilience.
Investors appear cautious but committed, signalling that the market may continue to hold its gains as long as supply pressures remain and macro conditions stabilise.
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions.
Bullish view: the key support is the lower boundary of the long-term channel that has been in place since the beginning of 2026.
Bearish view: pressure on the price comes from statements by President Trump suggesting that the conflict in the Middle East could end soon. Yesterday, the US president described the operation in Iran as a “small incursion” and a “short-term” measure, which helped ease geopolitical risks and reduce demand for gold as a safe-haven asset.
Technical Analysis of the XAU/USD Chart
On the morning of 2 March, while analysing gold price movements following the attack on Iran, we confirmed the validity of the long-term ascending channel and also:
→ drew a local purple channel;
→ noted that the price was trading in close proximity to resistance lines;
→ suggested that emotions would settle and that the gold price might pull back, with support likely emerging in the $5,250–$5,300 area.
Indeed, later that evening the indicated zone acted as local support (shown by the blue arrow), but by 3 March the pullback had extended to the lower boundary of the blue channel.
It is worth noting that yesterday’s attempt by the bears (marked by the red arrow) failed to gain continuation — a sign that selling pressure may be weakening. Therefore, it would be reasonable to expect bulls to attempt to regain the initiative. A closer look at the XAU/USD chart also reveals that yesterday’s rising local lows form a cup-and-handle pattern.
At the same time, in the near term an important test of bullish intent may come at the breakout level of the purple channel around the $5,250 mark.
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Strategy (MSTR), the largest publicly traded holder of bitcoin , sold a record number of its perpetual preferred equity, Stretch (STRC), on Monday, using the proceeds to purchase about 1,420 bitcoin, according to data from STRC.live.
Proceeds from STRC, which debuted in July 2025, support the company’s bitcoin accumulation strategy. Monday’s session recorded nearly $300 million in total trading volume, compared with a 30-day average of $124 million, according to the company’s dashboard.
The estimates are based on a methodology that infers purchases from at-the-market (ATM) sales. The approach assumes 40% of trading volume above $100 represents ATM issuance, with a 2.5% broker commission deducted before calculating the implied bitcoin purchase.
Last week, Strategy bought roughly $1.3 billion worth of BTC, nearly 18,000 coins.
Strategy has described STRC as resembling a short-duration, high-yield savings instrument. The company recently raised the dividend rate on STRC to 11.5%. The stock pays monthly cash distributions. The dividend rate is adjusted each month to keep shares trading close to their $100 par value while limiting price volatility.
In an 8 K filing Monday, Strategy amended its Omnibus Sales Agreement to allow multiple agents to sell the same class of securities on a single trading day during pre-market or after-hours sessions. The change enables additional agents to handle early or late trades, while block sales after 4 p.m. ET remain permitted.
Strategy shares are up about 3% in pre-market trading to around $143 per share.
Key Highlights
- Palantir shares climbed approximately 9% throughout a five-day trading period amid escalating Middle Eastern geopolitical tensions.
- U.S. forces utilized Palantir’s platform to orchestrate strikes across 1,000 Iranian targets.
- The Department of Defense terminated Anthropic AI agreements citing national security risks, creating opportunities for Palantir.
- Fourth-quarter revenue jumped 70% year-over-year, reaching $1.41 billion; domestic commercial sales skyrocketed 137%.
- Analyst opinions remain polarized — projections span from $46 (Burry’s estimate) to $260 (Bank of America’s forecast).
Palantir Technologies (PLTR) delivered an impressive performance throughout the past week, climbing nearly 9% over five consecutive trading sessions. The upward trajectory coincided with geopolitical developments that placed the company’s defense capabilities under the spotlight.
Palantir Technologies Inc., PLTR
News surfaced indicating that American military strikes targeting approximately 1,000 locations across Iran relied on Palantir’s technology platform for coordination. This type of high-profile, mission-critical deployment typically generates significant investor interest and stock movement.
Palantir maintains a substantial $10 billion framework agreement with the U.S. Army alongside a $448 million Navy contract. The reports surrounding the Iran operations injected additional energy into an already robust government sector performance.
An unexpected catalyst emerged from within the Pentagon itself. Defense Department officials directed agencies to discontinue use of Anthropic’s artificial intelligence models following disagreements concerning national security protocols. A six-month transition timeline was established.
Rosenblatt analysts, who elevated their PLTR price target from $150 to $200 while maintaining a Buy recommendation on March 3, noted the transition period provides “ample time” to migrate toward LLMs supported by Palantir. The firm emphasized that Middle Eastern tensions underscore Palantir’s advantages over generic commercial AI solutions.
Piper Sandler maintained its Overweight stance with a $230 target price that same day, though analysts acknowledged potential short-term operational challenges stemming from the Anthropic disruption.
Financial Performance Shows Impressive Momentum
The underlying fundamentals have delivered remarkable results. During its latest quarterly filing, revenue surged 70% compared to the previous year, hitting $1.41 billion. U.S. commercial revenue — reflecting corporate adoption of Palantir’s artificial intelligence platforms — expanded by 137%.
Management projects revenue exceeding $7 billion for 2026, representing a 61% climb from the preceding year. This forecast significantly outpaces consensus estimates from most Wall Street research teams.
Palantir’s “Rule of 40” metric — combining revenue growth percentage with profit margin percentage — stands at 127%, which supporters cite as evidence the business can expand aggressively while maintaining profitability.
Valuation Concerns Persist Among Skeptics
Not all market participants share the optimistic view. Michael Burry, renowned for correctly predicting the housing market collapse, has proposed that Palantir’s intrinsic value might be closer to $46. With shares currently trading above 180 times earnings, he characterizes the valuation as bubble territory.
Goldman Sachs analyst Gabriela Borges maintains a reserved outlook, and institutional investors continue questioning whether Palantir can deliver its $7 billion revenue objective without experiencing a significant correction.
Conversely, Citi Research’s Tyler Radke alongside Bank of America’s Mariana Perez Mora have established price objectives of $255 and $260, respectively. Their thesis positions Palantir as the leading beneficiary of accelerating military and enterprise AI expenditures.
Aggregating 14 Buy recommendations, four Hold ratings, and two Sell opinions from the past three months, PLTR maintains a Moderate Buy consensus rating. The mean 12-month price objective stands at $191.76, suggesting approximately 22.6% appreciation potential from present levels.
Key Highlights
- ZODL (Zcash Open Development Lab) secured over $25M in seed capital
- Leading investors include a16z Crypto, Paradigm, and Coinbase Ventures
- The organization emerged following January’s separation from Electric Coin Company
- ZEC token surged approximately 10% within a 24-hour window after the announcement
- The Zodl wallet has facilitated north of $600M in ZEC exchanges since October 2025
The privacy-focused cryptocurrency Zcash (ZEC) experienced a significant price surge of almost 10% over a 24-hour period following news that the development team behind its primary wallet secured substantial venture funding.
ZODL, which stands for Zcash Open Development Lab, successfully closed a seed funding round exceeding $25 million. The company made this disclosure public on Monday.
Some of crypto’s most prominent venture capital firms participated in the funding round. The investor lineup features Paradigm, a16z Crypto, Coinbase Ventures, and Winklevoss Capital. Additional participants included Cypherpunk Technologies, Maelstrom, and Chapter One.
Notable angel investors also took part in the raise. Contributors included Balaji Srinivasan, former Chief Technology Officer at Coinbase, investor David Friedberg, and Dragonfly partner Haseeb Qureshi.
Josh Swihart, who previously served as CEO of Electric Coin Company, established ZODL. His departure from ECC occurred in January, accompanied by the entire engineering and product development teams.
The separation stemmed from internal conflicts with Bootstrap, the nonprofit entity that provides oversight for ECC. Central to the disagreement were differing visions regarding Zcash’s operational direction as a privacy-preserving protocol.
ZODL’s Development Focus
The organization concentrates its efforts on the Zodl wallet, a non-custodial mobile application designed specifically for Zcash users. The wallet first debuted under ECC branding as Zashi in 2024, before being rebranded to Zodl following the team’s transition.
The application enables shielded transactions, a feature that conceals transaction participants and amounts. This functionality represents the foundational privacy capability of the Zcash blockchain.
According to ZODL, the Zodl wallet contributed to expanding the Zcash shielded pool by more than 400% since its initial release. Additionally, the platform has facilitated over $600 million worth of ZEC swaps beginning in October 2025.
The freshly raised funds will be allocated toward expanding ZODL’s engineering capabilities and advancing both wallet functionality and core protocol development.
Market Response to ZEC
ZEC climbed 4.1% to reach $217.80 in the immediate aftermath of the funding disclosure, based on CoinGecko market data. Throughout the complete 24-hour trading window, the digital asset posted gains of 9.8%.
Among privacy-oriented cryptocurrencies, Zcash delivered exceptional performance over the previous year. The token appreciated from approximately $55.86 to peak at $527.84, representing nearly a tenfold increase.
Early 2026 saw ZEC experience a correction in tandem with wider cryptocurrency market weakness. However, the funding news provided upward momentum for the price.
The shielded pool mechanism, which obscures transaction details through mixing, has expanded by over 400% since the Zodl wallet’s 2024 introduction.
ZODL characterized the successful raise as evidence of “strong conviction from some of the most respected investors in crypto.”
Blockchain data shows that crypto treasury firm BitMine Immersion Technologies recently transferred around 9,600 ETH to wallets linked to Coinbase’s institutional platform Coinbase Prime.
Summary
- BitMine transferred 9,600 ETH to Coinbase Prime in two transactions worth roughly $19–20 million.
- Despite the move, the firm still controls over 1 million ETH across tracked wallets, with around 3.04 million ETH staked.
- Bitmine has accumulated more than 4.5 million ETH worth over $9 billion, positioning itself as one of the largest corporate holders of Ethereum.
Bitmine transfers 9,600 ETH to Coinbase Prime
According to on-chain intelligence platform Arkham, the transactions moved roughly 9,600 Ethereum (ETH), worth about $19–20 million at current prices, from Bitmine-controlled wallets to Coinbase Prime addresses.
Such transfers are commonly associated with institutional custody management, liquidity provisioning, or over-the-counter trading activity. The first transfer sent 5,300 ETH worth $10.75 million followed by a second batch of 4,308 ETH worth $8.74 million.
Despite the movement, Arkham data indicates that Bitmine continues to control more than 1 million ETH across tracked wallets, while a large portion of its holdings, around 3.04 million ETH, are staked.
Large transfers to Coinbase Prime are often linked to institutional custody management, over-the-counter (OTC) trading, or liquidity provisioning, rather than immediate spot market selling.
The company has emerged as one of the most aggressive corporate accumulators of Ethereum. Its strategy mirrors the corporate Bitcoin treasury model popularized by companies like MicroStrategy, but with a focus on Ethereum as the primary reserve asset.
Bitmine has dramatically expanded its ETH holdings in recent months as part of a large-scale buying spree. The company now holds over 4.5 million ETH tokens worth more than $9 billion, making it one of the largest institutional holders of the asset.
The firm has repeatedly added tens of thousands of ETH during market pullbacks, including purchases of more than 50,000 ETH in a single week, signaling strong long-term conviction in the network’s growth and institutional adoption.
This aggressive accumulation has drawn investor attention, particularly as Bitmine positions itself as a publicly traded vehicle for exposure to Ethereum. The company’s stock, traded under the ticker BMNR, has also shown signs of recovery alongside renewed buying activity and broader crypto market stabilization.
While the latest transfer represents only a small portion of its total reserves, it highlights the scale of Bitmine’s treasury operations and the growing role of large corporate entities in Ethereum markets.
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