Crypto World
Polymarket traders bet record $500 million on U.S.-Iran war
It took Polymarket less than 24 hours to turn a Middle Eastern war into an active trading floor.
Since the U.S. and Israel launched strikes on Iran Saturday, the prediction market has seen a flood of new contracts covering everything from ceasefire timelines to whether the Iranian regime will collapse by June.
The speed and specificity of the markets is striking. Bettors aren’t just wagering on whether the conflict escalates, but pricing the week it ends, who replaces Iran’s Ayatollah Ali Khamenei and whether U.S. ground forces enter Iran by March 7.

Polymarket’s largest completed market is “Khamenei out as Supreme Leader of Iran by March 31?” which resolved to 100% after Iranian state TV confirmed his death on Saturday.
The contract pulled $45 million in volume, making it one of the most-traded geopolitical markets in the past week. The top trader, an account called “Curseaaaaaaa,” made $757,000 on a “yes” bet. Four other traders each cleared six figures.

The chart on that market hovered between 25% and 50% through January and February as tensions built, then spiked vertically to 100% when confirmation came through.
The biggest market, however, is the “US strikes Iran by…?” contract, which has been live since December 22 and has now pulled $529 million in total volume, making it one of the largest single markets Polymarket has ever hosted.
That figure makes it the largest market in Polymarket’s “World” and “Geopolitics” categories by a wide margin, and the fourth-largest in the broader “Politics” category behind only Trump-related contracts from the 2024 election cycle.

The February 28 date alone attracted $89.6 million in trading. Every daily contract from February 28 through early March resolved to “yes” after the strikes began, meaning anyone who bought the specific date before the attack collected on a binary bet about when the U.S. military would bomb another country.
The market’s resolution rules were precise. It required drone, missile, or air strikes on Iranian soil by U.S. forces, with interceptions, cyberattacks, and ground operations not counting.
Now the trading action has shifted to what comes next.
The ceasefire market gives just a 4% chance of a U.S.-Iran ceasefire by March 2 and 15% by March 6, but jumps to 61% by March 31 and 78% by April 30. Bettors are pricing a resolution within weeks, not months, consistent with bitcoin’s bounce to $68,000 on the same thesis.

“Will the Iranian regime fall by June 30?” sits at 54%, up sharply from the low-20s where it had traded for months. The “Next Supreme Leader of Iran” market gives a 30% chance to “position abolished” entirely, meaning bettors see nearly a one-in-three shot that the theocratic structure itself doesn’t survive. Ali Larijani, a former parliament speaker, leads the named candidates at 21%.
The ground invasion contracts are pulling real volume too. “Will the U.S. invade Iran before 2027?” trades at 19% with $207,000 in volume, while “US forces enter Iran by March 7” sits at 28% with $2 million traded.
What Polymarket is doing here is something traditional markets structurally, and legally, cannot. Equity and oil futures don’t reopen until Sunday evening, but on Polymarket, anyone with a crypto wallet can take a position on Iranian regime change on a weekend and see real-time pricing from thousands of other participants doing the same thing.
But the most striking activity may have happened before the first missiles landed.
Onchain analytics firm Bubblemaps on Saturday identified six wallets that collectively netted $1.2 million in profit by betting on a U.S. strike on Iran by February 28, the exact day the strikes occurred.
Most of the wallets were funded within 24 hours of the attack, bet specifically on the February 28 contract rather than broader timeframes and purchased “yes” shares hours before the military operation began. The largest single wallet turned roughly $61,000 into over $493,000 in profit. A second netted approximately $120,000 from a $30,000 position.
The platform is aware of the optics, meanwhile.
Polymarket added a note to its Middle East markets on Sunday stating that “the promise of prediction markets is to harness the wisdom of the crowd to create accurate, unbiased forecasts for the most important events to society.” It went on to claim that after speaking with people directly affected by the attacks, it found that prediction markets “could give them the answers they needed in ways TV news and X could not.”
The site also created an entire, dedicated section for Iran-focused markets.
UPDATE (March 1, 2026, 06:30 UTC): Adds additional detail.
UPDATE (March 1, 2026, 07:15 UTC): Adds that Polymarket bets set a new record for the platform.
Crypto World
Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too.
Bhutan is quietly unwinding one of the most unusual bitcoin experiments any government has ever run.
The Royal Government of Bhutan transferred roughly 319.7 BTC worth $22.68 million to two addresses on Thursday, according to Arkham Intelligence data. Roughly 250 BTC went to a wallet previously used to route funds for sale via Galaxy Digital and OKX. Another 69.7 BTC was sent to a new, unmarked address.
The transaction is part of a series of ongoing sales that have been going on for a while.
Bhutan held approximately 13,000 BTC in October 2024, accumulated through a hydropower-backed mining operation run by Druk Holding and Investments, the kingdom’s sovereign wealth fund.
That was the proof-of-concept for sovereign bitcoin mining. A tiny, landlocked country with cheap renewable energy, no legacy financial infrastructure to protect, and a sovereign wealth fund willing to experiment.
Since then, it has sold steadily. Holdings now stand at 3,954 BTC worth roughly $280.6 million, a 70% reduction in 18 months. Arkham data shows $215.7 million in bitcoin has moved out of Bhutan’s holding addresses this year alone, with $162.6 million of that going to unlabeled wallets.

The selling has accelerated into a market where virtually every other major holder is doing the opposite.
Strategy bought 4,871 BTC for $330 million last weekend, bringing its total to 766,970. U.S. spot ETFs absorbed approximately 50,000 BTC in March. The Ethereum Foundation staked $93 million of ether in a single day rather than sell. Even gold-backed sovereign funds have been adding to positions during the Iran conflict.
Bhutan is the only sovereign-level holder visibly liquidating. But there is also a question about whether the mining operation itself is still running.
Arkham data shows Bhutan’s last bitcoin inflow exceeding $100,000 was recorded over a year ago. A government that once generated bitcoin from power harnessed from its own rivers may now simply be spending down what it accumulated, with no new supply coming in to replace what it sells.
Druk Holdings has not responded to several emails and calls from CoinDesk over the past week, the latest of which was sent in the Asian morning hours on Friday. It has not publicly commented on the transfers or the status of its mining operation.
The economics may explain the shift, however.
Bhutan’s mining operation was viable when difficulty was lower, and bitcoin traded above $90,000. At current levels near $71,000, with network difficulty at all-time highs and the post-halving block reward reduced to 3.125 BTC, the margins on small-scale sovereign mining have compressed significantly.
The same hydropower that made Bhutan’s operation novel may now generate more revenue from electricity sold to neighboring India than from bitcoin mining, as mining hardware depreciates with every difficulty adjustment.
Choosing to sell rather than hold or mine is a data point about the gap between bitcoin’s narrative appeal to nation-states and the operational reality of maintaining a position through a prolonged drawdown.
Bhutan’s remaining 3,954 BTC is now smaller than what Strategy purchases in a typical week. The kingdom that once held 13,000 bitcoin mined from its own mountains is watching a single company in Virginia accumulate more in five days than Bhutan has left.
Read more: Bhutan moves another 500 bitcoin to exchanges as 2026 outflows top $150 million
Crypto World
HSBC and Standard Chartered Venture secure Hong Kong’s first stablecoin licenses
HSBC and the Standard Chartered-backed Anchorpoint Financial have been granted Hong Kong’s first stablecoin issuer licenses.
Summary
- The Hong Kong Monetary Authority has granted the first stablecoin issuer licenses to HSBC and the Standard Chartered-backed venture Anchorpoint Financial.
- These initial approvals follow several months of delays after the regulator missed its original target to begin the licensing process in March.
The Hong Kong Monetary Authority (HKMA) released the names of the successful applicants on Friday, signaling the start of a new era for regulated digital assets in the region.
Among the approved firms is HSBC, a dominant local note-issuing bank, alongside Anchorpoint Financial, which operates as a joint venture between Standard Chartered, Animoca Brands, and Hong Kong Telecommunications.
Oversight and enforcement standards
These approvals establish the first group of participants under a licensing regime that officially launched on Aug. 1, 2025.
Under this regime, stablecoin issuers are required to obtain an HKMA license by meeting specific rules, including those for reserve backing and guaranteed redemption paths for users. Other obligations include following strict governance protocols and Anti-Money Laundering (AML) measures to remain in good standing.
The Legislation also grants the regulator the authority to investigate potential violations and police the sector, including the authority to levy fines, suspend operations, or revoke licenses entirely if an issuer fails to meet its legal obligations.
The rollout follows a period of administrative delays that saw the regulator miss its original goals for the year. Back in February, HKMA Chief Executive Eddie Yue stated that a “very small number of issuers” would be licensed by March.
While that deadline passed without an announcement, the regulator stated on April 1 that it was actively moving the process forward to finalize the first batch of applicants.
Analysts had largely foreseen this outcome following mid-March reports that highlighted HSBC and the Standard Chartered-backed venture as the most likely recipients of the licenses.
Crypto World
Top 10 free AI stock trading bots for beginners in 2026 guide
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AI stock trading bots gain traction in 2026 as beginners seek simple, automated ways to enter financial markets.
Summary
- AI stock trading bots gain traction in 2026, offering beginners automated, hands-free market entry
- MoneyFlare leads with one-click AI trading, combining stock and crypto automation for passive income
- Demand is rising for free AI trading tools as users seek simple, risk-managed investing solutions
As the financial markets continue to evolve, more beginners are turning to AI-powered tools to automate their stock trading. In 2026, AI stock trading bots are increasingly accessible, providing users with an easy, hands-off way to enter the market. For those who are beginners, looking to get started with AI stock trading, this guide will help them navigate the best free options available in 2026.
Whether someone is looking for a simple tool to automate their trades or seeking advanced features to fine-tune their strategies, the right AI trading bot can make all the difference. Let’s explore the top 10 free AI stock trading bots that are perfect for beginners in 2026.
What are AI stock trading bots?
AI stock trading bots are automated programs that use artificial intelligence algorithms to analyze market data, execute trades, and manage investments. These bots are designed to optimize trading strategies with minimal effort, making them perfect for beginners who want to avoid the complexity of manual trading.
In 2026, these bots offer advanced features like machine learning, sentiment analysis, and real-time market monitoring, all without requiring any coding skills. Many of these bots operate on a subscription-free basis, offering a risk-free introduction to the world of automated stock trading.
Top 10 free AI stock trading bots for beginners in 2026
1. MoneyFlare
Overview:
MoneyFlare is a sophisticated yet beginner-friendly AI trading platform that offers fully automated stock and crypto trading. Designed for individuals with no coding or technical experience, MoneyFlare leverages advanced AI algorithms to execute trades and manage investments 24/7.
Key Features:
- One-Click Activation: Start trading instantly with minimal setup.
- Pre-Built Quant Strategies: Choose from a variety of expert-crafted strategies tailored to maximize returns.
- 24/7 Automated Trading: Let the AI handle trades at any time, ensuring an opportunity is never missed.
- Risk Management Tools: Built-in stop-loss, take-profit, and exposure limits to minimize potential losses.
Best for:
Complete beginners who want a hands-off trading experience, as well as those looking for a safe, AI-driven approach to generating passive income with minimal effort.
Click to register and receive a free $10 real reward and $50 trial credit!
2. 3Commas
Overview:
3Commas offers an intuitive and flexible trading environment suitable for both beginners and advanced traders. It allows users to automate their trades using a variety of strategies, such as Dollar-Cost Averaging (DCA) and grid trading.
Key Features:
- Smart Trade Terminal: Execute trades with real-time analysis and risk management tools.
- Automated Portfolio Management: Rebalance and optimize a portfolio automatically.
- Multi-Exchange Support: Trade across multiple platforms like Binance, Kraken, and others, from one interface.
- Backtesting: Test strategies before going live.
Best for:
Beginners who want to start simple but also value the potential to scale their trading strategies as they gain experience.
3. Cryptohopper
Overview:
Cryptohopper is a cloud-based AI bot that combines automation with customization, making it ideal for both beginners and more experienced traders. Trades can ebe automated based on predefined strategies or real-time market signals.
Key Features:
- Strategy Marketplace: Choose from a wide range of pre-built strategies created by top traders.
- Social Trading: Follow expert traders and mirror their strategies in real time.
- Backtesting & Paper Trading: Test strategies risk-free before using real funds.
Best For:
Beginners looking for flexibility, with the option to gradually explore advanced features as they learn.
4. Pionex
Overview:
Pionex is an easy-to-use AI trading bot that offers over 16 different bots, including grid trading and arbitrage bots. It’s perfect for beginners who want to start automated trading without having to navigate complex features.
Key Features:
- Low Fees: One of the most cost-effective platforms, with trading fees as low as 0.05%.
- Pre-Built Strategies: Get started quickly with simple, effective strategies like grid trading and arbitrage.
- Automated Trading: Operate trades on autopilot 24/7.
Best For:
Beginners who want an all-in-one solution that simplifies automated trading with minimal setup and fees.
5. Zignaly
Overview:
Zignaly is a fully automated trading platform designed for those who want to follow expert traders or signal providers. It offers social trading and copy trading features, allowing beginners to learn from others while automating their own trades.
Key Features:
- Copy Trading: Automatically copy the strategies of top traders in real-time.
- Cloud-Based Automation: Run the bot seamlessly from the cloud without any setup hassles.
- Risk Management Tools: Protect investments with built-in risk controls.
Best For:
Beginners who prefer to follow professional traders’ strategies while automating their own trades with minimal input.
6. Autonio
Overview:
Autonio is a decentralized trading bot platform that allows users to trade across multiple assets using machine learning and AI. It’s ideal for beginners who want a hands-on approach to customizing their strategies with the power of AI.
Key Features:
- Machine Learning Algorithms: AI-powered trading that adapts to market conditions.
- Backtesting & Optimization: Test and refine strategies using historical data.
- Multi-Asset Support: Trade a variety of assets beyond just stocks and crypto.
Best For:
Beginners who want to dive deeper into customizable trading strategies while leveraging AI for decision-making.
7. HaasOnline
Overview:
HaasOnline offers a set of powerful, free trading bots that are ideal for beginners looking to explore automated trading. The platform allows full customization of trading strategies, providing more control over how trades are executed.
Key Features:
- Advanced Risk Management: Use features like stop-loss, trailing stop, and take-profit for safer trading.
- Multi-Exchange Support: Connect with several exchanges for a broader trading experience.
- Backtesting: Evaluate strategies and refine them before going live.
Best For:
Beginners who may want to start simple but gradually explore more complex features as they gain confidence.
8. Shrimpy
Overview:
Shrimpy offers a portfolio management tool with automated rebalancing and social trading. This bot is perfect for beginners who want to follow the strategies of top traders while managing their portfolios effortlessly.
Key Features:
- Portfolio Rebalancing: Keep investments aligned with goals by automating portfolio rebalancing.
- Social Trading: Copy the strategies of top traders and implement them automatically.
- Real-Time Performance Tracking: Track investments’ performance in real time.
Best For:
Beginners who want a simple and effective way to manage their portfolios with minimal effort.
9. Quadency
Overview:
Quadency is a versatile platform that offers AI-powered trading bots and an easy-to-use interface. It allows users to automate their trades and backtest strategies without needing any technical knowledge.
Key Features:
- Strategy Automation: Implement and execute various strategies with ease.
- Real-Time Data and Analytics: Make informed trading decisions based on real-time market data.
- Backtesting: Test strategies with historical data to ensure their effectiveness.
Best For:
Beginners who want a hassle-free, automated trading experience with powerful tools to track performance.
10. Bitsgap
Overview:
Bitsgap is an integrated trading platform that supports multiple exchanges and offers automated trading bots, including arbitrage and grid bots. It’s ideal for beginners looking to automate their trades across different platforms.
Key Features:
- Arbitrage Trading: Take advantage of price discrepancies across exchanges to maximize profits.
- Backtesting: Test strategies risk-free before live trading.
- Multi-Exchange Support: Trade across multiple exchanges from one platform.
Best For:
Beginners who want to explore more advanced features, such as arbitrage, without the complexity of setting up manual trades.
Why should beginners use AI stock trading bots?
For beginners, AI stock trading bots offer several advantages:
- Ease of Use: Most bots are designed to be user-friendly, with intuitive interfaces that don’t require prior trading experience.
- Automation: They run 24/7, meaning users can take advantage of market opportunities even while they sleep.
- Data-Driven Decisions: AI bots analyze vast amounts of market data, ensuring that trades are based on solid information rather than emotions.
- Risk Management: Many bots come with built-in risk management tools to protect investments.
How to get started with AI stock trading bots
Here’s a simple step-by-step guide to getting started for those who are new to AI stock trading bots:
- Choose the Right Bot: Select one of the bots listed above that suits a particular trading style and preferences.
- Set Up an Account: Most bots require users to create an account on their platform and link it to their brokerage or exchange account.
- Customize Settings: While some bots come with preset strategies, users can often adjust risk levels, trading pairs, and other parameters to suit their preferences.
- Monitor and Optimize: Once the bot is running, its performance can be monitored, and adjustments can be made if necessary. Some bots offer analytics to help track profitability.
Things to consider before using AI stock trading bots
While AI stock trading bots offer great advantages, they are not foolproof. Here are a few things to consider:
- Market Risk: The stock market can be volatile, and even AI systems can make losses in unpredictable market conditions.
- Initial Setup: Some bots may require initial configuration or a learning curve, even if they’re beginner-friendly.
- Fees: Some bots are free, but others may charge a fee for premium features. Be sure to check the cost structure before getting started.
Tips to avoid being scammed in AI stock trading
As AI stock trading becomes more popular, many investors are turning to automated trading systems to manage their investments. However, there are also fraudulent platforms and scams in the market, so it is crucial to ensure that protection comes first. Below are some effective tips to help traders avoid being scammed while using AI stock trading platforms:
1. Choose a reputable platform
Ensure a well-known platform with positive reviews is selected. Users can verify the platform’s credibility by researching user feedback, independent reviews, and whether the platform is regulated by financial authorities (such as the U.S. Securities and Exchange Commission [SEC] or the UK’s Financial Conduct Authority [FCA]). Legitimate platforms will disclose their registration information and be under the supervision of regulatory bodies, so avoid platforms with low transparency.
2. Avoid unrealistic high-return promises
Any platform that promises “guaranteed profits” or fixed high returns should raise suspicion. No investment can guarantee consistent returns, especially in the volatile stock market. Legitimate platforms typically include risk warnings in their terms of service and disclaimers, advising users of the potential for losses. Be wary of platforms that make unrealistic promises of high returns or quick profits.
3. Ensure platform security
When selecting a platform, make sure it offers strong data encryption to protect the account and funds. Legitimate platforms typically use SSL encryption protocols to secure data transmission, and they provide two-factor authentication (2FA) to enhance account security. This ensures that even if someone steals a password, they won’t be able to access the account easily. Verify that the platform follows industry-standard security measures to prevent hacking or data breaches.
4. Avoid following trading signals from unverified sources
Avoid blindly following trading signals or advice from unverified sources. Choose platforms where the signal sources are clearly identified and ensure these signals come from reputable professionals or verified traders. Social trading platforms (such as Zignaly) allow users to follow other successful traders’ strategies, but make sure these strategies are transparent and publicly available. Do not make decisions based solely on short-term profit claims.
5. Start with small investments, don’t invest all funds at once
Before fully trusting a platform, it’s best to start with small, test investments. This allows the user to assess the platform’s performance and the effectiveness of its AI strategies with minimal risk. Diversify investments to reduce risk and avoid putting all the funds into one platform or strategy.
6. Verify AI strategy transparency
Make sure the platform can explain how its AI algorithms work and the strategies used for trading. If a platform keeps its algorithms and operations highly secret or fails to provide enough transparent information, it’s best to avoid using that platform. Reputable platforms usually explain how their AI analyzes the market, makes trading decisions, and provides clear risk management tools.
7. Regularly check account and trading activities
Regularly monitor a trading account to ensure there are no unusual transactions or unauthorized fund transfers. Most platforms offer real-time trade alerts to help track trading activities. Set up alerts for important transactions to receive immediate notification and can take action if needed.
8. Be cautious about free platforms
Although many platforms offer free trials, completely free platforms often come with hidden fees or security risks. Be sure to understand the platform’s fee structure and whether there are any extra charges before getting started. Some scam platforms lure users with “free” services, but later obtain their funds or personal information through other means.
Conclusion
In 2026, AI stock trading bots are the perfect solution for beginners looking to automate their trading strategies and earn passive income. With the bots listed in this guide, anyone can start trading without needing to be a seasoned investor or a coding expert. Whether they want simplicity, advanced features, or a combination of both, these bots can help them navigate the stock market with ease.
Always keep in mind that while AI trading bots are powerful tools, they come with risks. It’s important to monitor trades, set appropriate risk management tools, and only invest what someone can afford to lose.
By choosing the right AI bot and following best practices, traders can set themselves up for success in the world of stock trading.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
US Treasury calls bank CEOs over cyber risks tied to Anthropic’s Claude Mythos model
The US Treasury secretary, Scott Bessent, has reportedly met with major American bank leaders this week as officials assessed potential cyber threats that Anthropic’s latest artificial intelligence system poses.
Summary
- Scott Bessent convened major U.S. bank CEOs to assess cybersecurity risks linked to Anthropic’s Claude Mythos AI model following a code leak.
- The model reportedly uncovered thousands of long-standing software vulnerabilities, raising concerns over misuse by hackers and threats to financial stability.
- Anthropic’s revenue surpassed $30 billion annualized, driven by enterprise demand, major compute deals with Google and Broadcom, and the growth of its Claude Code platform.
According to reports, Treasury Secretary Scott Bessent brought together senior executives at the department’s Washington headquarters, with Jerome Powell also said to be present. The meeting followed the unveiling of Anthropic’s Claude Mythos model, which the company has described as posing “unprecedented” cybersecurity risks.
Concerns surrounding the model intensified after its code was leaked earlier this month. In a subsequent blog post, Anthropic said advanced AI systems had surpassed “all but the most skilled humans at finding and exploiting software vulnerabilities,” warning that the consequences for economies, public safety, and national security “could be severe.”
The gathering took place while bank executives were already in Washington for an industry event, with invitations largely extended to leaders of systemically important institutions. Regulators consider these banks critical to financial stability, meaning disruptions to their operations could have far-reaching consequences.
Attendees reportedly included David Solomon of Goldman Sachs, Brian Moynihan of Bank of America, Jane Fraser of Citigroup, Ted Pick of Morgan Stanley, and Charlie Scharf of Wells Fargo. Jamie Dimon of JPMorgan Chase was invited but did not attend.
In his annual shareholder letter released this week, Dimon cautioned that cybersecurity “remains one of our biggest risks,” adding that artificial intelligence “will almost surely make this risk worse.”
Anthropic said its yet-to-be-released Mythos model has already identified thousands of vulnerabilities across software and widely used applications. As a result, access to the system has been limited to a small group of companies, including Amazon, Apple, and Microsoft.
The move marks the first time the company has restricted a product rollout. Select infrastructure and technology groups, such as Cisco and Broadcom, have also been granted access, along with the Linux Foundation.
The developments come as fears grow that malicious actors could use advanced AI tools to uncover passwords or break encryption systems designed to protect sensitive data.
Anthropic said some of the flaws identified by Mythos date back as far as 27 years and had not been detected by developers or security monitors before the AI system surfaced them.
The Treasury meeting also follows a recent decision by the US government to classify Anthropic as a potential supply chain risk, a designation the company is currently challenging in court.
Despite the ongoing regulatory scrutiny and a supply chain risk designation from the U.S. Department of Defense, Anthropic has reported unprecedented financial momentum.
In a recent blog post released on April 6, the company said its annualized revenue run rate exceeded $30 billion as of early April 2026, more than tripling from roughly $9 billion at the end of 2025.
Part of that growth has been driven by new compute partnerships with Google and Broadcom, highlighting rising demand for large-scale AI infrastructure. This agreement secures multiple gigawatts of next-generation TPU capacity to power frontier Claude models through 2027 and beyond.
Its agentic coding platform, Claude Code, has emerged as a key contributor, generating more than $2.5 billion in run-rate revenue as of February.
Weekly active users on the platform have also doubled since the start of the year, pointing to rapid adoption of AI-driven development tools as the company shifts its focus toward high-value enterprise agents.
Crypto World
CFTC Announces Initial Crypto Task Force Members
The US Commodity Futures Trading Commission has unveiled the first members of its new innovation task force as the agency continues its push to provide greater clarity for the crypto market.
The Innovation Task Force was initially launched by CFTC Chairman Mike Selig on March 24, who appointed Michael Passalacqua as the leader of the group. Passalacqua is currently the senior advisor to Selig at the CFTC.
In an announcement Friday, the CFTC said that Passalacqua will be joined by a list of five initial members including Hank Balaban, a former Latham & Watkins crypto lawyer; Sam Canavos, an ex-Patomak crypto and prediction markets advisor; Mark Fajfar, a CFTC legal veteran; Eugene Gonzalez IV, an ex-Sidley blockchain lawyer; and Dina Moussa, a CFTC Market Participants Division special counsel.
“The Innovation Task Force brings together a leading team that exhibits deep expertise and an enthusiastic commitment to deliver clear rules of the road for American innovators,” Selig said.
The move is part of a broader push from both the CFTC and Securities and Exchange Commission to provide regulatory clarity for the digital asset sector under the direction of the Donald Trump administration.

Source: Michael Passalacqua
CFTC pushing for clarity as major bill stalls
On Friday, Selig also announced the CFTC’s “innovation tracker,” which highlights all the work done under Selig to help “advance regulatory clarity, market integrity, and responsible technological progress.”
The website lists three key innovation areas the agency is focused on, including crypto and blockchain, artificial intelligence and autonomous systems, and contracts and prediction markets.
Related: Prediction market users await Artemis II mission splashdown
The CFTC in particular could be set to be the main overseer of the industry, with the SEC proposing in mid-March that the agency doesn’t see most crypto assets falling under its jurisdiction as securities.
However, the certainty of both agencies’ roles is still largely dependent on whether the Clarity Act passes through the upper levels of government and becomes enshrined as law — something SEC Chair Paul Atkins called for via X on Thursday.
The SEC and CFTC are “ready to implement the CLARITY Act,” he said, adding: “It’s time for Congress to future-proof against rogue regulators and advance comprehensive market structure legislation to President Trump’s desk.”
Magazine: Should users be allowed to bet on war and death in prediction markets?
Crypto World
Circle calls for ‘circuit breakers’ after $270M Drift Protocol DeFi hack
Solana‑based Drift Protocol’s $270m exploit has become a live test of how Circle, DeFi builders and lawmakers share responsibility when stablecoins sit at the center of a hack.
Summary
- Drift Protocol lost roughly $270 million in a governance exploit, one of 2026’s largest DeFi hacks.
- Circle’s Dante Disparte said USDC freezes only occur under legal orders, rejecting calls for unilateral intervention.
- Disparte urged lawmakers to fast‑track the GENIUS Act and CLARITY Act and pushed DeFi to adopt on‑chain “circuit breaker” controls.
Circle’s chief strategy officer Dante Disparte has responded to the roughly $270 million exploit on Solana‑based Drift Protocol by defending how USDC is governed while demanding tougher legal and technical safeguards for DeFi. The April 1 attack saw an attacker seize Drift’s governance keys, drain an estimated $270‑$285 million in assets, rapidly swap much of the haul into USD Coin (USDC) and bridge over $230 million to Ethereum via Circle’s own Cross‑Chain Transfer Protocol. Investigators such as on‑chain analyst ZachXBT argued Circle had “roughly six hours” to freeze the stolen USDC but “took no action,” intensifying scrutiny on how centralized issuers respond in live attacks.
Responding in an X statement and subsequent commentary, Disparte stressed that Circle cannot and will not freeze USDC on mere social‑media pressure or unilateral discretion. “USDC freezing is only executed under legal mandate — not unilaterally,” he said, framing the policy as a matter of due process and financial privacy rather than operational convenience. He added that “it is indefensible and untenable that tools and software are co‑opted by bad actors who remain unchecked,” but argued that unchecked intervention by issuers would be just as dangerous for legitimate users.
Disparte used the Drift exploit to press U.S. lawmakers to accelerate the stablecoin‑focused GENIUS Act and the broader market‑structure CLARITY Act, saying both are needed “before the next major security incident.” He has previously called the GENIUS Act “the most significant US law for innovation since the 1990s,” arguing it “enshrines Circle’s way of doing business into law” by requiring full‑reserve backing, monthly disclosures and robust supervision for dollar stablecoin issuers. The CLARITY Act, currently moving through Congress, would extend that framework to trading venues and intermediaries, creating a clearer basis for when and how assets like USDC can be frozen or clawed back after hacks.
Beyond Washington, Disparte is now urging DeFi teams to import safeguards long standard in traditional markets. He called on protocols to deploy on‑chain “circuit breaker mechanisms” that can automatically halt trading or withdrawals under abnormal conditions, arguing that “risk controls, not improvisation on X, should decide how a $270 million exploit plays out.” With Drift still assessing losses across USDC, BTC, SOL and other assets, the incident has become a live‑fire test of whether stablecoin issuers, protocols and regulators can share responsibility without turning permissionless finance into a de facto banked system.
Crypto World
Here’s why Zcash price rallied over 20% today
Zcash price shot up over 21% today, extending its gains over the past week to over 60% as privacy coins see renewed demand from investors.
Summary
- Zcash surged over 20% to a three-month high as strong retail demand and rising futures open interest fueled momentum.
- Growth in shielded liquidity pools, now holding over 60% of supply, alongside a broader rally in privacy coins like Monero, boosted investor interest.
- A breakout from a descending triangle and bullish indicators signal further upside potential, with key resistance near $419 and support at $332.
According to data from crypto.news, Zcash (ZEC) price rose nearly 23% to a three-month high of $383 on Friday, April 10. At this price, the token remains nearly 86% higher than its year to date low. The token’s gains have made it the best-performing crypto asset in the daily and weekly timeframes, largely outpacing the others that followed.
Zcash’s rally came amid strong interest from retail investors for the asset over the past couple of days. Notably, data from CoinGlass shows that this demand has driven its futures open interest to $818 million on Friday, up nearly 26% from levels recorded the previous day.
As such, if investor demand continues to build for the token, it could likely continue its uptrend as bulls try to push its price above $400 for the first time since January.
A major catalyst driving investor interest has been growing attention towards its shielded liquidity pools, one of the core features of the network that ensures transaction confidentiality. The Zcash dashboard shows that over 31% of all ZEC coins are now held in shielded pools. This represents nearly $1.96 billion in protected value.
Zcash price also gained momentum from a broader rally among privacy-focused cryptocurrencies today, as the total market cap of these assets rose over 11%, bringing its market cap to over $13 billion. Notably, Monero (XMR), currently the market leader in the privacy sector, has risen 4.3% in the past 24 hours. Other privacy tokens, such as Dash (DASH) and Decred (DCR), also recorded significant gains.
On the daily chart, Zcash price has broken out of a descending triangle, a major bullish reversal signal in technical analysis.

The Supertrend indicator has flipped green, a sign that the bulls are now firmly in control of the market. At the same time, the RSI has crossed above overbought levels, lying at 78, which means the token is seeing massive buying pressure, though it may face a brief cooling off period.
For now, the key overhead resistance level for Zcash next lies at $419, the 61.8% Fibonacci retracement level. A break above the resistance could spur a rally toward the $450 psychological mark.
On the contrary, if Zcash price falls below $332, where the 38.2% Fibonacci support level lies, the bullish thesis could be invalidated, leading to a deeper correction toward $300.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Bitcoin as Geopolitical Hedge Amid Hormuz Strait Tensions
Bitcoin is surfacing as a potential mechanism for toll payments in one of the world’s most strategic chokepoints, as Iran maintains tight control over the Strait of Hormuz amid a fragile ceasefire with the United States. The region’s security dynamic has long intertwined with oil markets, and the latest development would push crypto onto a stage where sanctions and transit fees intersect with global energy supply.
Iran reportedly plans to manage transit through Hormuz alongside Oman, effectively acting as a toll gate for vessels navigating the strait. The plan would involve collecting fees from ships seeking safe passage, a move that, if implemented, could leverage digital currencies to bypass traditional financial channels in a tense geopolitical environment. Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the Financial Times that certain ships could be required to pay in Bitcoin for their oil cargo transit, a claim that underscores how crypto could become part of state-level logistics and sanctions calculus.
According to Hosseini, once Iran completes its assessment, vessels would be given only seconds to complete a BTC payment, with the aim of making tracing or confiscation difficult under sanctions regimes. If verified, the move would mark a notable shift for Iran, which has previously signaled a willingness to accept the Chinese yuan as toll payment for Hormuz, signaling a broader exploration of non-traditional payment rails in critical commerce corridors.
These reports arrive amid ongoing conflict and a fragile ceasefire, with Hormuz policymakers using their leverage over a route that channels roughly one-fifth of global oil flows. The potential adoption of cryptocurrency payments would highlight how digital assets could be deployed to navigate geopolitical frictions and possibly sidestep conventional financial controls in high-stakes trade corridors. For context, coverage of the topic has circulated in multiple outlets, including a Bloomberg report that framed the Hormuz toll discussion in the context of yuan and crypto payments for safe passage.
Key takeaways
- Iran’s reported plan to charge Hormuz tolls in cryptocurrency could position Bitcoin as a trans-border payment tool in a geopolitically sensitive shipping lane, with enforcement reportedly led by the Revolutionary Guard Corps.
- Earlier signals suggested Iran might also accept the Chinese yuan for Hormuz tolls; the crypto option would represent a broader experiment with non-traditional currencies in state logistics.
- In parallel, JPMorgan CEO Jamie Dimon warned that blockchain-enabled infrastructure and artificial intelligence are reshaping banking, signaling incumbents must adapt to new competitive dynamics and evolving payment rails.
- Analysts at Bernstein view Figure Technologies’ tokenized lending as a sign that blockchain-enabled finance could unlock meaningful value, arguing the stock could re-rate as tokenization scales.
- Policy discussions around stablecoins persist. The White House Council of Economic Advisers estimated that banning stablecoin yield-bearing products would have a negligible impact on bank lending—roughly 0.02%—though the broader regulatory trade-offs continue to be debated.
- The stablecoin market continues to expand, with a first-quarter size around $315 billion, underscoring the growing footprint of yield-bearing digital assets in mainstream finance.
The Hormuz development: crypto tortoises or speedboats for sanctions evasion?
Iran’s reported use of cryptocurrency for Hormuz tolls would place a bold experiment at the intersection of geopolitics and digital finance. The Financial Times account, corroborated by subsequent reporting, depicts a system where ships—especially oil tankers—could face multi-million-dollar fees paid in BTC or other cryptographic forms. The Revolutionary Guard Corps is described as enforcing governance over who passes and how payments are settled, a role that would elevate crypto from a speculative instrument to a policy tool in a critical energy artery.
What makes this development consequential for markets is not just the potential for crypto to facilitate faster, less trackable payments, but the signal it sends about how governments may experiment with alternative settlement rails under sanctions pressure. If a state actor can leverage quasi-anonymous transactions to extract tolls without conventional banking channels, it could alter how traders price and approach risk in energy markets, as well as how counterparties assess sanctions exposure and regulatory risk.
While initial reports are centered on Iran’s tolling scheme, observers will be watching whether any pilot becomes formal policy and how actors in other corridors respond. The cryptocurrency angle also tests the resilience of existing sanction enforcement frameworks and prompts questions about routing, compliance, and traceability in maritime payments.
Dimon’s warning: banks must adapt to blockchain and AI disruption
In another strand of the week’s crypto-business narrative, Jamie Dimon warned that a new wave of technology-driven competition is reshaping financial services. In discussions around his latest shareholder letter and public remarks, Dimon pointed to fintechs and nonbank players deploying blockchain and other emerging technologies to build faster, lower-cost systems. He also hinted that stablecoins could be part of this broader shift in how payments and liquidity are managed.
JPMorgan has already built out its own blockchain toolkit, including the Kinexys platform, as the bank positions itself to compete in fast-moving areas such as cross-border payments and asset tokenization. The emphasis on in-house infrastructure signals that the era of simply holding a dominant balance sheet is over; the real differentiator may be how quickly incumbents can deploy technology-driven, interoperable networks that rival nimble fintechs and crypto-native entrants.
Tokenization, lending, and the case for a higher multiple
Analysts at Bernstein have spotlighted Figure Technologies as a bellwether for how tokenization could transform traditional lending. Figure, which runs its lending platform on the Provenance blockchain, has reported rapid originations—surpassing $1 billion in monthly loan activity in recent periods, according to Bernstein’s note. The analysts argued that the efficiency gains from on-chain data and smart contract-enabled processes could bolster margins for lenders as volumes grow, potentially supporting a higher equity multiple for Figure’s stock. Bernstein assigned an “Outperform” rating with a target around $67, roughly double its then-current level.
Figure’s model—where loan origination, underwriting, and securitization leverage a dedicated blockchain—illustrates a broader thesis: tokenization could compress costs and speed, unlocking a path to scale in consumer and enterprise lending that has historically been cost-constrained by legacy systems. Investors watching blockchain-enabled lending will want to monitor not just originations, but capital efficiency, default performance, and regulatory clarity around tokenized debt markets.
Stablecoins and the policy balance: little impact on banks, significant debate ahead
A separate thread in the policy debate concerns the yield on stablecoins and how its regulation could ripple through the broader banking system. Economists at the White House argued that prohibiting yield-bearing stablecoins would have only a marginal effect on bank lending, estimating an increase of about 0.02%. The assessment, part of ongoing market-structure discussions, underscores the tension between consumer benefits from higher-yield crypto products and the perceived stability and safety of the traditional banking system.
The analysis also highlighted potential trade-offs: tightly constraining yields could limit consumer access to higher returns and reduce the perceived advantages of stablecoins for everyday payments, while leaving depositors exposed to new forms of risk if yields rot within a non-regulated space. The debate continues as policymakers weigh consumer protection, financial stability, and innovation incentives in a rapidly evolving ecosystem.
In parallel, the broader market for stablecoins remains expansive. A recent industry snapshot noted stablecoins reached about $315 billion in market size in the first quarter, illustrating the growing role of these tokens in payments, liquidity provisioning, and on-chain finance. The data point, drawn from the industry research cited by Cointelegraph and linked sources, frames why regulators and financial institutions are paying close attention to yield dynamics and reserve standards as the sector expands.
Crypto Biz is your weekly briefing on the business of blockchain and crypto, highlighting developments that matter for traders, investors, and builders. Watch for further updates as these narratives unfold and policy responses take shape.
For readers seeking more context, coverage on Hormuz tolls and crypto payments has been explored in related reporting from Cointelegraph, including a piece detailing Iran’s approach to crypto-enabled transit arrangements, and Bloomberg’s analysis of yuan and crypto tolls as a separate dimension of Hormuz policy.
Crypto World
ECB backs ESMA as single supervisor for big EU crypto firms
ECB backs shifting supervision of systemic crypto firms and venues from national regulators to esma as part of a wider eu capital markets integration push.
Summary
- ECB supports putting systemic crypto providers and key trading venues under ESMA.
- Move is part of the EU’s broader push to integrate capital markets and strengthen supervision.
- Proposed law could take months to negotiate, with ESMA needing more staff and funding for the new remit.
The European Central Bank (ECB) has endorsed an EU plan to shift supervision of systemically important crypto asset service providers, major trading venues, and central counterparties away from national regulators and into the hands of the European Securities and Markets Authority (ESMA). In an opinion backing the European Commission’s “market integration and supervision” package, the ECB said centralizing oversight would “ensure consistent, high‑quality supervision of cross‑border market players” and reduce the risk of regulatory blind spots across the bloc.
The legislative proposal is now with EU governments and the European Parliament, with negotiations expected to last several months before any law is finalized.
According to a report from Reuters, the ECB argued that large crypto service providers and trading venues can be “systemically relevant” for the EU’s financial system, warranting supervision at the European rather than national level. “Direct supervision by ESMA of certain market players is warranted to address risks stemming from their cross‑border activities,” the central bank said, calling the current patchwork of national oversight “insufficient” for integrated markets. The plan would give ESMA a lead role on top of its existing responsibilities under the EU’s Markets in Crypto‑Assets (MiCA) framework, which already tasks the Paris‑based watchdog with drafting technical standards and coordinating supervision.
Brussels has framed the overhaul as part of its long‑running Capital Markets Union agenda, which aims to deepen and harmonize financial markets across the EU. The European Commission’s package, presented in February, would expand ESMA’s direct oversight not just of systemic crypto platforms but also of key clearing houses and trading venues in traditional markets. “A more integrated capital market requires more integrated supervision,” the Commission said when unveiling the reforms.
The ECB also warned that ESMA must be properly equipped for its expanded crypto mandate, stressing that the authority should receive “adequate staffing and financial resources” to avoid stretching its existing teams. ESMA has previously cautioned that some crypto firms were giving “misleading impressions” about their regulatory status under MiCA, and urged national watchdogs to step up enforcement. Under the new proposal, firms deemed systemically important could face a single, tougher supervisor in Paris rather than navigating 27 different regimes, a shift that may raise compliance costs but also clarify expectations for large exchanges and custodians operating across the bloc.
Crypto World
Coinbase’s COINSOV index blends Bitcoin’s bite with gold’s ballast
Coinbase Asset Management and MarketVector’s COINSOV index uses inverse volatility weights to blend Bitcoin and gold, targeting better risk‑adjusted ‘store‑of‑value’ returns than static mixes.
Summary
- COINSOV dynamically tilts between Bitcoin and gold each quarter based on realized volatility, aiming to capture Bitcoin’s upside while keeping drawdowns closer to gold.
- MarketVector’s backtests from 2017–2025 show the index beating simple Bitcoin‑gold splits and several benchmarks on a risk‑adjusted basis, with smaller maximum drawdowns than a 50/50 mix.
- The index holds Bitcoin and Pax Gold (PAXG), letting institutions track the blend onchain while tapping existing crypto and commodity infrastructure.
Coinbase Asset Management and global index provider MarketVector have launched the Coinbase Store of Value Index (COINSOV), a rules‑based benchmark that dynamically allocates between Bitcoin and gold to offer what they describe as a more resilient “store‑of‑value” mix for institutions. Announced on April 8 via BusinessWire and the Financial Times’ market announcements page, the index is designed to capture Bitcoin’s upside while keeping drawdowns closer to traditional gold exposures, a trade‑off that has become increasingly relevant as Bitcoin’s market capitalization has climbed above $1 trillion in recent cycles.
According to MarketVector, COINSOV is “a rules‑based benchmark that combines Bitcoin and gold in a volatility‑aware framework designed to help preserve purchasing power across market cycles.” The index uses an inverse volatility weighting model, meaning it tilts toward the asset with lower realized volatility over the look‑back period and away from the more volatile one, and then rebalances quarterly to keep the mix aligned with those risk signals.markets.
In practical terms, COINSOV allocates between Bitcoin and tokenized gold, currently represented by Pax Gold (PAXG), an asset‑backed token tied to vaulted bullion, allowing the entire exposure to be held onchain or via digital‑asset infrastructure. MarketVector’s backtests indicate that from 2017 to 2025, this approach outperformed simple static Bitcoin‑gold allocations and several traditional portfolio benchmarks on a risk‑adjusted basis, while experiencing materially smaller maximum drawdowns than a naive 50/50 split between the two assets.
“The Coinbase Store of Value Index reflects our ability to combine Bitcoin and gold through transparent, rules‑based construction, offering a modern approach to a store‑of‑value allocation,” MarketVector said in its launch statement, positioning the index as a benchmark for asset managers building hybrid products. Martin Leinweber, Director of Digital Asset Research and Strategy at MarketVector, added that COINSOV “bridges digital and traditional assets within an institutional framework,” underlining the aim to make Bitcoin‑gold mixes more accessible to regulated investors.
For Coinbase Asset Management, the product is another way to deepen its role in institutional crypto. In a market where Bitcoin has been pitched as “digital gold” and gold remains a multi‑trillion‑dollar reserve asset, the index formalizes what research from firms such as MarketVector and Coinbase has suggested for some time: that modest Bitcoin exposure alongside gold can raise risk‑adjusted returns versus gold alone, but that volatility needs to be actively managed.
The launch also lands against a broader backdrop where so‑called store‑of‑value assets compete for flows with large dollar stablecoins and tokenized treasuries, a trend tracked in crypto.news reporting on the $280 billion stablecoin market and the growth of tokenized government debt past $7.4 billion. For now, COINSOV gives institutions a live benchmark that sits between the volatility of Bitcoin and the defensiveness of gold, and one that can be paired with spot exposure via Bitcoin and Pax Gold price pages on platforms such as crypto.news.
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