Crypto World
ServiceNow (NOW) Stock Jumps 3.7% as Dip Buyers Return
TLDR
- ServiceNow shares advanced 3.7% Tuesday, closing at $113.44 with approximately 17.5 million shares traded
- The enterprise software firm introduced AI-driven products: Autonomous Workforce and EmployeeWorks
- A strategic partnership with NTT DOCOMO and StarHub was announced for autonomous telecom roaming solutions
- Wall Street maintains a “Moderate Buy” rating with a consensus price target of $192.06
- Shares have declined 23.2% year-to-date and currently trade 45.8% beneath the 52-week peak of $208.94
Shares of ServiceNow (NOW) advanced 3.7% during Tuesday’s trading session, reaching an intraday peak of $114.92 before closing at $113.44. The stock finished Monday at $109.42.
Trading volume reached approximately 17.5 million shares for the day. This figure represented about 12% less than the stock’s typical daily volume of roughly 19.9 million shares.
The upward movement suggests bargain hunters are returning to the stock following a sustained selloff that has pressured enterprise software equities.
ServiceNow has declined 23.2% year-to-date in 2026. The current price level represents a 45.8% discount from the 52-week high of $208.94 reached in July 2025.
Tuesday’s rally reflects growing investor confidence that AI technologies may complement rather than displace enterprise software platforms. Company leadership has consistently challenged narratives suggesting AI will eliminate demand for their solutions.
Just five days earlier, the stock had already jumped 4.3% following comments from Nvidia’s CEO Jensen Huang, who dismissed concerns that AI would destroy the enterprise software industry. Those remarks triggered rallies across the sector, including gains for Zscaler (ZS) and CrowdStrike (CRWD).
Product Innovation and Strategic Partnership
ServiceNow unveiled two AI-enhanced solutions this week: Autonomous Workforce and EmployeeWorks. These offerings are designed to broaden workflow automation capabilities for enterprise clients.
The company simultaneously announced a strategic collaboration with NTT DOCOMO and StarHub. This partnership leverages ServiceNow CRM technology to enable autonomous roaming resolution for telecommunications providers — demonstrating application beyond the firm’s core IT service management offerings.
Additionally, HCLTech received ServiceNow’s 2026 Partner of the Year award, underscoring the strength of its partner ecosystem and channel strategy.
Financial Performance and Wall Street Outlook
ServiceNow delivered its latest quarterly earnings on January 28th, posting earnings per share of $0.92 — exceeding analyst expectations of $0.89 by $0.03.
Quarterly revenue totaled $3.57 billion, surpassing the Street’s estimate of $3.53 billion. This represented year-over-year growth of 20.7%. The company achieved a net profit margin of 13.16% and return on equity of 18.54%.
Analyst opinions on the stock’s trajectory vary significantly. Goldman Sachs maintains a $216 price objective. BNP Paribas recently lowered its target from $186 to $120 with a neutral stance. UBS established a $115 target.
According to MarketBeat data, the consensus recommendation stands at “Moderate Buy” with an average price target of $192.06. Among analysts tracking the stock, 32 rate it a Buy, three assign a Strong Buy, six recommend Hold, and two rate it a Sell.
The stock’s 50-day moving average currently sits at $125.70. Its 200-day moving average stands at $158.84.
Institutional ownership accounts for 87.18% of outstanding shares. Recent insider activity includes CFO Gina Mastantuono selling 2,075 shares in December at $170, while insider Kevin Thomas Mcbride sold 1,400 shares in February at $105.71.
Wall Street projects full-year earnings per share of $8.93 for the current fiscal year.
Crypto World
New crypto Based Eggman rises as memecoins return, GGs could be the next crypto to explode
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Based Eggman gains traction as a memecoin blending gaming and blockchain on the growing Base network.
Summary
- Based Eggman gains attention as a meme-gaming project on Coinbase’s Base blockchain.
- Built on Base, the project targets scalability and low-cost transactions.
- Based Eggman plans play-to-earn gaming, NFTs, and governance features to attract early crypto investors.
In recent months, the return of meme coins has become one of the most noticeable trends across the crypto industry. Meme-driven projects have historically demonstrated the ability to capture massive online attention and build powerful communities. Because of this renewed interest, many investors are evaluating new projects that could potentially become the best crypto to buy during the next market expansion.
Among the projects currently gaining attention, Based Eggman is emerging as a promising new contender. Built on the rapidly expanding Base blockchain, the project combines meme culture, gaming mechanics, and blockchain technology to create an ecosystem designed to attract both gamers and crypto enthusiasts. This combination has helped fuel discussions about whether Based Eggman could become the best crypto to buy for investors seeking early opportunities.
Memecoins are returning to the spotlight
The resurgence of meme coins has once again sparked excitement throughout the crypto community. During previous market cycles, meme-based projects managed to generate extraordinary growth as community enthusiasm and social media attention propelled them into the spotlight. With market sentiment improving, many investors believe the next wave of meme-driven projects could produce similar momentum.
For traders searching for the best crypto to buy, meme coins often represent a unique blend of community-driven energy and viral marketing potential. Projects that successfully capture the imagination of the crypto community can grow rapidly as new participants join the ecosystem. This dynamic has encouraged investors to look closely at emerging meme tokens that could become the best crypto to buy during the next phase of the market cycle
Based Eggman: A new contender for best crypto to buy
Among the many new projects entering the market, Based Eggman has quickly begun to capture attention from investors searching for the best crypto to buy. Inspired by Coinbase legend Brian Armstrong and the iconic Eggman character, the project merges nostalgic gaming themes with modern blockchain technology.
Based Eggman is built on the Base blockchain, a rapidly growing Layer-2 network designed to deliver scalability and low transaction costs while maintaining compatibility with Ethereum. By launching within this expanding ecosystem, the project is positioning itself to benefit from the increasing number of users and developers joining the Base network.
The vision behind Based Eggman revolves around creating a comprehensive gaming ecosystem where players can interact with blockchain technology in engaging ways. The project plans to integrate play-to-earn mechanics, NFT assets, and community governance features that allow token holders to participate in shaping the platform’s future. These elements are helping strengthen its reputation as a potential best crypto to buy candidate among early adopters.
The gaming ecosystem behind the GG token
At the center of the Based Eggman ecosystem is the $GG token, which powers gameplay rewards, NFT interactions, and governance participation. The project aims to create an environment where players can earn digital assets through gaming activities while participating in a vibrant community built around the platform.
This combination of gaming and blockchain technology is becoming increasingly popular among developers seeking to build long-term engagement within their projects. By integrating play-to-earn mechanics with community-driven governance, Based Eggman is attempting to create a platform where users feel actively involved in the project’s development.
Based Eggman presale is gaining momentum
As interest in the project grows, the Based Eggman presale has begun attracting attention from investors seeking the best crypto to buy before major exchange listings occur. Early participation in presales often provides investors with access to tokens at lower prices before the project gains wider exposure.
The presale is currently in Stage 3, which is already 26 percent complete. So far, the project has raised 311,219.76 USDT, with 39,968,518.8 GGs tokens sold to early supporters. The current price is 0.010838 USD per $GG token, and investors can receive a 50 percent bonus using the code BASED-50 during the presale.
Could GGs become the next explosive crypto token?
Speculation about which token could become the next breakout success is always a central theme within the crypto industry. Projects that successfully combine strong community engagement with innovative technology often generate the most excitement among investors.
The Based Eggman ecosystem aims to harness the power of meme culture while delivering real functionality through gaming and NFT integration. By blending entertainment with blockchain technology, the project is attempting to create an ecosystem capable of sustaining long-term engagement.
As investors continue searching for the best crypto to buy, projects that offer both viral appeal and technological innovation may have a significant advantage. Based Eggman’s combination of gaming mechanics, community governance, and Base blockchain infrastructure could position it as a project capable of attracting widespread attention.
Final thoughts
The search for the best crypto to buy remains one of the most important questions for investors entering the cryptocurrency market. As new projects continue to launch, identifying those with strong fundamentals and active communities becomes increasingly important.
Based Eggman has quickly begun to stand out as a promising new project within the meme coin and blockchain gaming sectors. With its growing presale momentum, integration with the Base blockchain, and ambitious gaming ecosystem, the project is gaining attention from investors looking for early opportunities.
While the crypto market remains highly competitive, projects that successfully combine community energy, innovative technology, and strong narratives often capture the most attention. As memecoins return to the spotlight, Based Eggman may be positioning itself as one of the best crypto to buy for investors preparing for the next phase of crypto market growth.
For more information, visit the official website, Telegram, and X.
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 asset manager 21shares sees actively managed exchange-traded products as the next phase of crypto investing, as the market matures beyond simple price-tracking funds.
Duncan Moir, president of 21shares, told Cointelegraph in an exclusive interview that because crypto is a nascent and growing asset class, it is particularly well suited to active management.
He said the company combines bottom-up research on individual assets with quantitative and discretionary top-down strategies to manage risk and position portfolios, adding that 21shares has been expanding its portfolio management and trading teams to support more sophisticated products.
We’ve had to hire and build out the team with people who have different trading and portfolio management expertise, but now we have a solid team and we think we’ll be able to deliver strong actively managed products.
Active ETFs worldwide held nearly $1.8 trillion in assets at the end of 2025, according to data compiled by Morningstar and Goldman Sachs Asset Management.
Moir added that integration with FalconX, which acquired 21shares in October, is expected to accelerate product development, particularly as the company expands into more complex offerings.
Demand for crypto ETPs and ETFs varies by region, Moir told Cointelegraph. He said:
The interest is still concentrated in the larger coins in the US. In Europe, institutional clients are more interested in newer assets and the application layer beyond the layer-1s.
He attributed the divergence to a more mature investor base in Europe, where institutions that already hold Bitcoin (BTC) and Ether (ETH) are increasingly looking to expand their crypto allocations.
Against that backdrop, 21shares recently launched an exchange-traded product in Europe linked to Strategy’s preferred stock (STRC), offering exposure to a high-yield instrument linked to the company’s Bitcoin-focused capital strategy.
Moir said the product has seen strong early demand across multiple regions, reflecting investor appetite for yield-generating assets that are easier to access through traditional brokerage platforms.
Related: Crypto ETF inflows slow to $230M as Fed caution dents momentum: CoinShares
Crypto ETPs evolve beyond passive exposure
As the crypto ETP and ETF market matures, issuers are moving beyond simple price tracking, with more complex structures emerging across the US and Europe.
One area gaining traction is staking, a process that allows investors to earn yield by locking up crypto assets to help secure blockchain networks. In October, Grayscale introduced staking across its ETPs, making its Ether funds the first US-listed spot crypto ETFs to offer staking rewards while extending the feature to its Solana trust pending ETP approval.
In March, asset manager BlackRock launched a Nasdaq-listed Ethereum product that incorporates staking, combining spot Ether exposure with yield generation. The fund recorded $15.5 million in trading volume on its first day.
As new exchange-traded products come to market, Moir said 21shares evaluates potential launches based on three factors: internal research, client demand and broader market trends, with its research team identifying early opportunities and institutional feedback helping gauge interest.
“The third is where we see trends going in the future,” he said, adding that this can result in either niche, single-asset products or broader thematic offerings depending on conviction.
Moir pointed to the company’s Bitcoin-and-gold ETP as an example of that approach in practice. While recently cross-listed in London, the product has been live for four years and, he said, has delivered some of the strongest risk-adjusted returns among European ETPs.
From a portfolio perspective, the combination “just makes total sense,” he added, citing its diversification benefits across Bitcoin and gold.
Magazine: Banks want to run Vietnam’s crypto exchanges, Boyaa’s $70M BTC plan: Asia Express
Tether hires a Big Four firm for the first full financial audit of $184b USDT reserves, aiming to reset stablecoin transparency and institutional trust.
Summary
- Tether has formally engaged a Big Four accounting firm to conduct its first full independent financial statement audit, the company announced March 24.
- With over $184 billion in USDT market capitalization and more than 550 million users globally, the audit is expected to be the largest inaugural audit in financial markets history.
- CEO Paolo Ardoino and CFO Simon McWilliams say the milestone signals a new benchmark for transparency and institutional accountability in the digital asset industry.
Tether, the issuer of the world’s largest stablecoin by market capitalization, announced on March 24 that it has entered a formal engagement with a Big Four accounting firm to complete its first-ever full independent financial statement audit — a move company leadership describes as the biggest inaugural audit in the history of financial markets.
The announcement marks a turning point for Tether, which has long faced scrutiny over its reserve transparency. USDT currently circulates at a market cap exceeding $184 billion, underpinning a global user base of more than 550 million people. Despite publishing quarterly attestations through BDO Italy in recent years, critics and institutional investors have consistently demanded a more rigorous, comprehensive audit — one that only the Big Four tier of accounting firms can credibly deliver.
Tether’s Decade of Scrutiny
Questions about whether each USDT token is truly backed 1:1 by dollar-denominated reserves have followed Tether since the stablecoin’s launch in 2014. The collapse of multiple major exchanges and lending platforms between 2022 and 2024 heightened calls for deeper accountability. Attestations, while standard practice across the stablecoin sector, fall well short of the full scope and independence of a financial statement audit. Tether’s own press release acknowledged this gap directly, noting that “while others in the industry have settled for the minimum viable level of transparency, Tether is building the architecture against which the next generation of global financial standards will be measured.”
Tether’s path to this engagement was deliberate. The appointment of Simon McWilliams as Chief Financial Officer in early 2025 was specifically intended to build the internal financial architecture required to meet Big Four standards. According to McWilliams, the selection process was competitive. “The Big Four firm was selected through a competitive process because the organisation is already operating at Big Four audit standard; the audit will be delivered,” he said in the company’s official statement.
CEO Paolo Ardoino framed the decision in terms of accountability to Tether’s global user base. “Trust is built when institutions are willing to open themselves fully to scrutiny,” Ardoino said. “This audit represents years of work to strengthen our systems so that Tether can meet the highest standards applied in global finance. For the hundreds of millions of people and businesses who rely on USD₮ every day, this audit is not just a compliance exercise; it is about accountability, resilience, and confidence in the infrastructure they depend on.”
As part of the audit onboarding, which concluded several weeks ago, the engaged firm conducted a comprehensive assessment of Tether’s systems, internal controls, and financial reporting. Multiple Big Four firms reportedly expressed interest in the engagement — a signal, Tether argues, of the audit’s significance to the broader industry.
Tether also noted it will be moving listed securities over the coming days as part of the reserve optimization process. The ongoing expansion of Tether’s broader portfolio — which includes over 140 investments and a USDT float sitting near $185 billion — means the audit will cover a uniquely complex mix of digital assets, traditional reserves, and tokenized liabilities. The company holds, among other things, 140 tons of gold in a Swiss vault worth approximately $23 billion, and has co-led a $7.5 million financing round in Utexo to build native USDT settlement on the Bitcoin and Lightning networks.
The identity of the specific Big Four firm has not been disclosed. Tether said the full audit will provide “complete visibility into the strength and positioning” of its reserves — and, if completed as described, would represent a watershed moment not just for USDT, but for institutional confidence in the stablecoin sector writ large.
BNB price is trading at $634, posting more than 2% gain over the last 24 hours as prediction and momentum shift back to the buy side. The asset has recovered from its previous close, supported by trading volume of $1.6 billion.
This surge in participation suggests institutional rotation is active as the token has stabilized since last year. The market is asking one question: Is this a dead-cat bounce or the start of a run to the $728 monthly target?
The technical posture remains cautiously optimistic. While the crypto market displays volatility, BNB’s ability to hold above $620 indicates structural strength. We are now watching the immediate ceiling at $650. A clean break here validates the bullish thesis, while a rejection could see a retest of the $590 support bound.
Can Binance Coin Maintain Momentum Above $635? Here’s Our BNB Price Prediction
Current price action places BNB USD in a neutral-to-bullish zone. The Relative Strength Index (RSI) reads 50 on the daily, a level that leaves ample room for upside without triggering overbought alarms.
The immediate battleground is the 50-day moving average at $645, with BNB currently trading just below this pivot point. If bulls can reclaim this level on closing volume, the path opens toward the upper Bollinger Band at $678. Breaking this resistance is essential to unlocking the monthly forecast of $730, which represents a 13% potential upside. Conversely, failure here could see the price slip back toward the $590 lower band support.
Historical data reinforces the importance of the $648 resistance level. In previous cycles, volume confirmation above this price point has often preceded double-digit percentage rallies. We should monitor the volume metric; sustaining this liquidity is vital for breaking the psychological sell walls established earlier this quarter.
Discover: The best crypto to diversify your portfolio with
LiquidChain Targets Early Mover Upside as BNB Stabilizes
While BNB offers established stability with a forecasted 13% monthly upside, capital often rotates into infrastructure plays offering higher beta returns during recovery phases. The logic is simple: while large-cap assets like BNB battle heavy resistance at $650, emerging protocols solving fragmentation issues can capture aggressive speculation before price discovery matures.
This dynamic is drawing attention to LiquidChain ($LIQUID), a Layer 3 infrastructure project currently in its presale phase. Unlike standard Layer 2s, LiquidChain fuses Bitcoin, Ethereum, and Solana liquidity into a unified execution environment. The project has raised more than $600K to date, pricing its native token at $0.0143 with more than 1700% APY rewards.
The project’s premise addresses the liquidity fracture slowing down DeFi adoption. By acting as a Cross-Chain Liquidity Layer, it attempts to merge the security of BTC with the speed of SOL and the ecosystem of ETH.
Those interested in the protocol’s approach to verifiable settlement can research the LiquidChain presale here.
Disclaimer: Cryptocurrencies are high-risk assets. This article is for informational purposes and does not constitute financial advice. Invest only what you can afford to lose.
The post BNB Price Prediction: Monthly Target Challenges Resistance appeared first on Cryptonews.
Safe-haven assets are defying historical correlations and analysis this week, with the gold price plummeting nearly 20% from its ATH while Bitcoin shows surprising relative strength in a risk-off environment.
As geopolitical tensions escalate, Bitcoin has retraced to trade at just at $71,000, it is significantly outperforming the precious metal, which has moved in lockstep.
This decoupling, usually, Gold rises during war scares, has left traditional investors scrambling. The market is digesting rapid-fire catalysts ahead of today’s G7 meeting. While legacy hedges bleed, on-chain data highlights specific pockets of immense speculation; AI-meme token SIREN surged 76.6% in 24 hours to $1.62. This volatility suggests capital isn’t leaving the ecosystem; it is rotating aggressively.
Discover: The best pre-launch token sales
Gold Price Analysis: A Signal To a Broader Liquidity Crunch?
The 20% drawdown in Gold prices from its ATH signals a liquidity crisis rather than a failed safe-haven narrative; investors are selling what they can, not just what they want to. Bitcoin’s dominance remains high at 58.6%, yet it faces immediate resistance at prior support levels.
Analysis of the gold price crash suggests that if XAU fails to reclaim its weekly support, the correlation with risk assets could deepen, dragging crypto lower in the short term.
Conversely, crypto-specific dynamics are painting a mixed picture. Santiment data predicts a potential “re-accumulation phase,” betting on a breakout triggered by upcoming regulatory clarity around the “Clarity Act.”
Technically, Bitcoin needs to reclaim the $72,000 zone to stabilize the altcoin bleed. If it fails, the 4.5% divergence between BTC and Gold may close rapidly. However, macro factors affecting silver and gold indicate that the traditional finance sector is currently under more stress than the digital asset market.
Discover: The best pre-launch token sales
LiquidChain Consolidates Cross-Chain Liquidity as Macros Widen
As traditional hedges like Gold falter and L1s struggle with fragmentation, smart money is increasingly targeting infrastructure plays that abstract complexity.
The thesis is simple: regardless of whether Bitcoin or Solana leads the next leg up, the rails connecting them will capture value. This narrative is driving early inflows into LiquidChain ($LIQUID), a Layer 3 infrastructure project designed to unify liquidity across Bitcoin, Ethereum, and Solana.
Unlike standard bridges that wrap tokens with high contagion risk, LiquidChain utilizes a “Deploy-Once Architecture.” This allows developers to write code once and access users and liquidity on all three major chains simultaneously using a Unified Liquidity Layer. The protocol promises verifiable settlement and single-step execution, addressing the exact fragmentation issues making current markets inefficient.
The presale data reflects this demand for infrastructure consolidation. LiquidChain has already raised more than $600K from early investors. The current entry price sits at $0.0143 with more than 1700% APY in staking rewards.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Gold Price Analysis: Crypto Decoulpling From Safe-Haven appeared first on Cryptonews.
Summary
- Research firm Bernstein says Bitcoin has likely found a cycle bottom and is reiterated its $150,000 year-end price target, describing the current drawdown as the “weakest bear case” in the asset’s history.
- BTC is trading around $70,668, roughly 40% below its all-time high, but Bernstein argues the correction reflects a temporary confidence crisis rather than any structural breakdown.
- Strategy (formerly MicroStrategy) — which holds approximately 3.6% of Bitcoin’s total supply, worth around $53.5 billion — has continued buying at recent lows, raising $7.3 billion in 2026 alone to expand its holdings.
Research and brokerage firm Bernstein, which manages approximately $867 billion in assets, declared on March 24 that Bitcoin’s (BTC) price bottom is likely in and maintained its end-of-2026 price target of $150,000 — implying more than a 100% gain from current levels — as the firm’s analysts argued the ongoing selloff is categorically different from every bear market Bitcoin has previously endured.
Lead analyst Gautam Chhugani described the current pullback as “the weakest Bitcoin bear case in its history,” pointing to what the firm sees as a temporary crisis of investor confidence rather than any deterioration in Bitcoin’s underlying fundamentals. With BTC trading around $70,668 at time of writing — down roughly 40% from its peak — Bernstein’s conviction remains intact.
A Different Kind of Drawdown
The framing is a deliberate break from how past bear markets have been characterized. Previous Bitcoin cycles saw far more violent collapses: the 2013 peak near $1,150 was followed by an 84% drawdown, the 2017 high of $20,000 preceded a 77% decline, and the 2021 peak near $69,000 gave way to a roughly 70% correction. By comparison, the current drawdown of around 40% looks restrained — and Bernstein argues it is, structurally speaking, far less dangerous.
The key differentiators, according to the firm, are the maturation of institutional flows and a more favorable policy environment. Spot Bitcoin ETF adoption continues to expand, corporate treasury participation is accelerating, and the U.S. political backdrop has shifted in a direction broadly viewed as supportive of digital assets. None of the systemic failures that defined 2022 — collapsed exchanges, insolvent lenders, contagion — are present in the current cycle.
Strategy and On-Chain Signals
Strategy’s continued accumulation at depressed prices is cited as a key supporting data point. The company now holds approximately 3.6% of Bitcoin’s total circulating supply, valued at around $53.5 billion, and has raised $7.3 billion in 2026 specifically to expand its Bitcoin treasury. Bernstein views Strategy as a high-beta vehicle with a structurally resilient balance sheet, noting that only an extreme scenario — BTC falling to $8,000 and remaining there for five years — would require any balance sheet restructuring.
On-chain data adds further context. Analyst Ali Charts pointed to Bitcoin approaching the 0.8 MVRV ratio band, a level situated between $56,000 and $60,000 that has historically served as a launchpad for major rallies: +963% in 2017, +261% in 2018, +1,126% in 2020, and +660% following the FTX collapse in 2022. CryptoQuant analyst Crypto Dan echoed the sentiment, arguing that reduced participation and fading retail interest are “textbook bear market” indicators — but historically, accumulation phases rather than exit points. “A bear market is not a time to give up. It is the time to prepare for the next bull cycle,” he wrote on X.
Where Analysts Diverge
Not everyone shares Bernstein’s confidence. VanEck CEO Jan VanEck told CNBC in early March that while a bottom may be forming, 2026 represents Bitcoin’s typical fourth-year bear cycle, consistent with historical halving patterns. Some traders argue that failure to reclaim and hold above $70,000 could open the door to a deeper leg lower, potentially retesting the $60,000 level that has emerged as the most closely watched structural support.
Bernstein’s $150,000 target, first established when Bitcoin was trading at significantly higher levels, aligns with a broader cluster of institutional 2026 price forecasts that include $150,000 from BSTR President Katherine Dowling and $180,000 from Ripple CEO Brad Garlinghouse. Longer term, Bernstein maintains a target of $1 million by 2033.
The issuer of the largest stablecoin by market cap has been under scrutiny for years for not conducting a full financial audit
Tether announced on Tuesday that it has engaged a Big Four accounting firm to conduct what the firm says is its “first full independent financial statement audit.” The issuer of USDT, the largest stablecoin by market cap with over $184 billion, did not name which specific firm would conduct the audit, and described it as potentially the largest inaugural audit in financial markets history.
The company, which reports a global user base of more than 550 million, said the engagement follows a competitive onboarding process during which multiple audit firms assessed Tether’s systems, internal controls, and financial reporting.
The move comes after years of criticism over Tether’s transparency practices. Rather than full audits, Tether has historically provided quarterly attestations from BDO Italia — a more limited form of financial review. In 2021, the Commodity Futures Trading Commission (CFTC) issued a $41 million fine over misleading claims that USDT was fully backed by U.S. dollars.
No timeline for completion of the audit was disclosed in today’s announcement.
As The Defiant reported in 2023, then-CTO Paolo Ardoino — now CEO — attributed the lack of a full audit in part to difficulties with auditing firms themselves.
More recently, both the EU’s MiCA framework for digital asset regulation and the U.S. stablecoin-focused GENIUS Act have included provisions calling for full reserve backing and transparent audits of stablecoin issuers, as The Defiant reported previously. In November, S&P Global downgraded USDT’s dollar-peg stability score to its lowest mark, citing growing exposure to higher-risk assets.
Tether credited the appointment of CFO Simon McWilliams in early 2025 as key to preparing the company’s internal architecture for a full audit, per today’s announcement. McWilliams said the firm was “selected through a competitive process because the organisation is already operating at Big Four audit standard.”
The announcement comes alongside Tether’s broader push into the U.S. market. Last August, the company hired Bo Hines, former executive director of the White House Crypto Council, as a strategic advisor overseeing its U.S. expansion. More recently, Tether invested $200 million in commerce platform Whop, building on the launch of its regulated U.S. stablecoin USAT, which it first unveiled in September.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Key takeaways:
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Investors dumped gold and bonds for cash as war-driven oil spikes and inflation forced a defensive market stance.
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Rising yields and a 20% rate hike chance signal a tight outlook, leaving Bitcoin vulnerable amid soaring US debt.
Bitcoin (BTC) retested the $67,500 support level on Monday, a move that coincided with gold prices suffering their sharpest correction in over 50 years. Fears of a prolonged war in Iran and the inflationary impact of oil prices holding above $85 pushed investors to cut risk.
US Treasuries also faced a sell-off during this period, suggesting that traders aggressively built cash positions. Yields on the US 5-year Treasury jumped to 4.10%, marking a nine-month high as traders demanded better returns. With the S&P 500 hitting its lowest point in over six months on Monday, evidence suggested a broad rush to liquidity.
Cash is king amid economic uncertainty, while Bitcoin risks further downside
Investors appeared to be raising cash either to cover recent losses or to brace for further price drops across risk markets.
The ongoing war in Iran pushed oil prices past $90, creating inflationary pressure. The Wall Street Journal reported that the US planned to deploy roughly 3,000 troops to the Middle East to counter Iran’s influence over the Strait of Hormuz. Part of the decline in gold prices was likely linked to fading expectations for US monetary policy easing in the near term.
Bond market futures showed that the implied probability of the Federal Open Market Committee (FOMC) hiking interest rates by July surged to 20.5%, up from 0% just one week prior. Investors anticipated a cooling job market as high interest rates continued to reduce corporate expansion incentives.
Tech stocks fall, inflation hurts consumers
US legislators debated an additional $200 billion in funding to support the war in Iran, according to The Washington Post. Kevin Hassett, director of the US National Economic Council, stated that $12 billion had already been spent. Lawmakers did not authorize the war, and Congress showed growing unease with the military strategy, according to AP.
Meanwhile, the US national debt soared past $39 trillion, which further pushed consumers toward a cost-of-living crisis. Fear of excessive speculative investment in the artificial intelligence sector emerged after Reuters reported that ChatGPT maker OpenAI offered private-equity firms a guaranteed minimum return of 17.5% while the company remained largely unprofitable.
Some of the world’s largest tech companies faced losses of 10% or more over the past six weeks, including Google (GOOG US), Meta (META US), and IBM (IBM US). Thus, regardless of the sharp correction in gold prices, traders increasingly feared recession risks or a surge in inflation above the 4% fixed income returns.
Related: Bitcoin holders shift from panic to cash-buffer discipline as volatility deepens
The combination of declining stock prices and persistent inflationary pressure explained why investors aggressively sought the safety of cash positions.
Regardless of favorable Bitcoin onchain metrics, broader macroeconomic conditions remained unfavorable for sustainable bullish momentum. The decline in gold prices while investors offloaded US Treasuries served as a sign of risk aversion. The odds of a $66,000 retest remain a serious threat, at least until inflation and war expenses hold US monetary policy tight for a longer period.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Circle stock fell 19% after the latest Senate draft of the Clarity Act included restrictions on stablecoin yield.
Crypto markets dipped slightly on Tuesday as geopolitical uncertainty persisted and investors considered the implications of the U.S. Senate’s revised draft of the crypto market structure bill, or Clarity Act.
Bitcoin (BTC) is trading at around $70,000, down less than 1% over the past 24 hours. ETH and SOL fell 0.6% to $2,135 and $90, respectively. Meanwhile, Ripple (XRP) slipped 3%.
Total crypto market capitalization is down 0.2% to $2.48 trillion, according to Coingecko.
Bitcoin surged above $71,000 on Monday after President Donald Trump announced a five-day postponement of planned strikes on Iran’s power infrastructure, citing what he called productive talks with Tehran. However, Iran’s Fars news agency denied that any talks had taken place.
Clarity Act Draft Rattles Stablecoin Stocks
Circle stock plunged 19%, and Coinbase dropped 8% after details emerged from the latest draft of the Clarity Act, which would restrict stablecoin yield offerings. The revised language, crafted by Senators Angela Alsobrooks and Thom Tillis, would ban yield payments for simply holding a stablecoin while permitting narrowly defined activity-based rewards tied to transactions or platform usage.
Crypto industry insiders got their first look at the revised text during a closed-door review on Capitol Hill on Monday, according to Coindesk.
Big Movers
Nearly all of the Top 100 digital assets posted minor losses over the last 24 hours.
Today’s top gainers are Bittensor (TAO) and World Liberty Financial (WLFI), which surged 10%.
Monero (XMR) and Polkadot (DOT) are the biggest losers, down 5% and 4%, respectively.
Around 79,000 leveraged traders were liquidated for $153 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $46 million, while ETH made up $33 million.
Bitcoin exchange-traded funds (ETFs) recorded inflows of $163.5 million on Tuesday, snapping a three-day losing streak, according to SoSoValue.
The Crypto Fear & Greed Index sits at 11, indicating ‘Extreme Fear’, and has spent the bulk of March below 20, a prolonged stretch of pessimism not seen since the depths of the 2022 bear market.
Active, actively managed crypto exchange-traded products are emerging as the next frontier for institutional exposure, as the market moves beyond passive price-tracking funds. 21shares, a leading issuer in the space, argues that the asset class’s nascency makes it particularly amenable to portfolio-level management.
In an exclusive conversation, Duncan Moir, president of 21shares, outlined a strategy that blends bottom-up research on individual assets with quantitative and discretionary top-down risk controls to steer portfolios. The firm has been expanding its portfolio-management and trading ranks to support more sophisticated products, he said, reflecting a broader shift in the crypto ETP space toward active strategies.
We’ve had to hire and build out the team with people who have different trading and portfolio management expertise, but now we have a solid team and we think we’ll be able to deliver strong actively managed products.
Industry data underscore the trend: active exchange-traded products worldwide held nearly $1.8 trillion in assets by the end of 2025, according to data compiled by Morningstar and Goldman Sachs Asset Management.
Moir also pointed to the strategic role of FalconX, which acquired 21shares in October, as a force-multiplier for product development, particularly as the firm pursues more complex offerings.
Regional demand for crypto ETPs and ETFs remains uneven. In the United States, investor interest remains skewed toward the largest-cap crypto assets, while in Europe institutions are showing appetite for newer assets and the application layer beyond base-layer tokens. This divergence reflects a mature European investor base already holding BTC and ETH and looking to broaden crypto allocations with yield-oriented or theme-driven products.
In this environment, 21shares has rolled out Europe-listed ETP linked to Strategy’s preferred stock (STRC), offering exposure to a Bitcoin-focused capital strategy with a high-yield profile. The product has attracted strong early interest across regions as investors seek straightforward exposure to yield via traditional brokers.
Crypto ETPs evolve beyond passive exposure
As the crypto ETP and ETF market matures, issuers are moving beyond simple price tracking, with more complex structures emerging across the US and Europe.
One area gaining traction is staking, a process that allows investors to earn yield by locking up crypto assets to help secure blockchain networks. In October, Grayscale introduced staking across its ETPs, making its Ether funds among the first US-listed spot crypto ETFs to offer staking rewards while extending the feature to its Solana trust pending ETP approval.
In March, asset manager BlackRock launched a Nasdaq-listed Ethereum product that incorporates staking, combining spot Ether exposure with yield generation. The fund recorded $15.5 million in trading volume on its first day.
As new exchange-traded products come to market, Moir said 21shares evaluates potential launches based on three factors: internal research, client demand, and broader market trends, with its research team identifying early opportunities and institutional feedback helping gauge interest. This triad helps determine whether a niche, single-asset product or a broader thematic offering best fits conviction and demand.
Among examples of the approach in practice is 21shares’ Bitcoin-and-gold ETP. Cross-listed in London and live for several years, Moir notes that the product has delivered some of the strongest risk-adjusted returns among European ETPs, illustrating the appeal of balanced exposure across flagship crypto and traditional stores of value.
From a portfolio perspective, the combination “just makes total sense,” he added, citing diversification benefits across Bitcoin and gold.
What’s next for crypto ETPs and investors
The evolving landscape suggests investors can expect more nuanced structures, including yields and staking rewards embedded in traditional brokerage-accessible formats. The FalconX deal accelerates product development by providing deeper execution capabilities and liquidity to support a broader range of strategies. As institutions in Europe deepen their crypto allocations and U.S. issuers explore tiered yield and application-layer exposures, the market will likely see a steady cadence of launches that blend traditional finance rails with crypto’s distinct yields and risk profiles.
Looking ahead, the conversation centers on how regulators will shape access to staking-based products, how quickly large-cap and next-generation assets receive broad market validation, and how issuers balance risk controls with the demand for yield-driven strategies. For investors, the key watchpoints are whether new products deliver clear, repeatable performance across cycles, and how cross-border listings and collaborations—such as 21shares’ integration with FalconX—affect liquidity, pricing, and transparency in the evolving crypto ETP ecosystem.
Readers should watch regulatory clarity in major markets and the pace of institutional adoption as 21shares and peers press forward with more sophisticated, yield-focused offerings that aim to turn crypto exposure into scalable, traditionally accessible investment strategies.
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