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The Cryptocurrency Industry Pushes Clarity Act Amendments Ahead of the Senate Draft

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Crypto Breaking News

Coin’s Resistance Brings About Reaction

Firms such as Coinbase have opposed the stablecoin yield model. According to them, the rules inhibit user reward systems and expansion of the platforms. Therefore, the leaders of the industry currently organise the work to appear with a single offer to the legislators. The proposal offered in the current version prohibits access to rewards on idle balances and the incentives in activity-related programs. Such rewards should, however, not resemble the interest on bank deposits. Besides, companies assert that these restrictions might dilute consumer interaction on crypto sites.

Senator Thom Tillis will issue the text of the reward rules and regulatory measures as the draft. In the meantime, discussions about stakeholders are ongoing with lawmakers narrowing down on key provisions. In addition, the White House’s recent consent is intended to lessen tensions between banks and crypto companies. Both sides of the legislature are working in collaboration to perfect the language of the bill. Senator Tim Scott claimed that there are talks between Republicans, Democrats, and administration officials. Therefore, the leaders want to create the framework that favours innovation and keeps the financial control.

Senator Cynthia Lummis also mentioned the issues of the protection of developers of decentralized finance. According to her, amendments to the bill enhanced protection of Title 3. Moreover, she encouraged the actors in the market to help in continuous bipartisan work to amend the legislation. Also, they emphasise that there is a need to maintain rewards systems that appeal to users. This interest is indicative of increased pressure in the industry as the bill advances to consideration. The chances of passing the bill have decreased as differences still exist. Latest data indicate that there is less confidence in approval this year. As a result, the unaddressed problems may postpone the markup process that was planned to take place in April.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Will XRP price drop to $1.12 as it remains capped under a descending trendline resistance?

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XRP/USDT daily price chart.

XRP price fell 15% over the past two weeks as its price action remained below a descending trendline that has been acting as key dynamic resistance.

Summary

  • XRP price has dropped over 15% in two weeks and remains capped below a long-term descending trendline acting as key resistance.
  • Macro pressures, including geopolitical tensions and reduced rate-cut expectations, have weighed on sentiment, contributing to over 40% decline from yearly highs.
  • Bearish indicators signal further downside risk toward $1.12 and potentially $1.00, while a breakout above $1.40 could trigger a short-term recovery.

According to data from crypto.news, XRP (XRP) price has fallen 15.6% from its monthly high of $1.60 reached on March 17 to $1.35 at press time. Zooming out the charts, the losses mount up to over 40% from its year-to-date high of $2.39.

XRP price fell amid geopolitical and macroeconomic concerns that have plagued the entire crypto market since the beginning of this year. These include U.S. tariff hikes on the EU and Canada and the subsequent war between the U.S. and Iran in the Middle East that has led crude oil prices to soar to multi-year highs, sparking concerns of rising inflation and driving investors away from risk assets.

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Lower expectations of any interest rate cuts from the Federal Reserve have also dampened the mood for speculative assets.

Now, XRP price stands at risk of more downside, especially as the broader crypto market remains under pressure.

On the weekly chart, XRP price has respected a descending trendline that had been acting as a key dynamic resistance since mid July 2025. Every time the bulls managed to push XRP price towards the resistance level, it experienced a sharp drop as bears regained control of the market.

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XRP/USDT daily price chart.
XRP/USDT daily price chart — March 30 | Source: crypto.news

A look at technical indicators also seems to suggest a similar bearish outlook for its price. Notably, the Supertrend has flipped red while the Aroon Down at 42.86% remains far above the Aroon Up at 14.29%. Both indicators point toward a continuation of the current downward trend.

Hence, XRP price may visit the February 2 low of $1.12, a sharp drop below which could extend losses to the $1 mark. On the contrary, if XRP price manages a breakout above $1.40, it could pave the way for a recovery toward $1.50.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Bitcoin price outlook as Bernstein signals potential bottom for crypto stocks this quarter

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Bitcoin price, MACD, and RSI chart.

Bitcoin price has fallen over 30% from its yearly high, largely impacted by geopolitical and economic concerns that deteriorated investor appetite for risk assets.

Summary

  • Bitcoin price has dropped over 30% from its yearly high amid geopolitical tensions and persistent macroeconomic pressure weighing on risk assets.
  • Bernstein analysts expect market weakness to persist until Q1 earnings, with crypto-linked stocks down sharply but potentially nearing a bottom.
  • Bearish technical indicators point to further downside risk toward $60,000, while a move above $69,000 could signal a shift in momentum.

After rallying nearly 12% to a yearly high of $97,538 on Jan. 15, the bellwether crypto has fallen by nearly 31% to $67,525 at the time of writing. This came amid several geopolitical and macroeconomic concerns that have largely risen due to U.S. President Donald Trump’s tariff drama that has extended into the beginning of this year, followed by the start of a war in the Middle East against Iran that has led to repercussions in energy and financial markets across the globe.

The hawkish stance the Federal Reserve has maintained as a result has also not helped the situation.

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According to analysts at Bernstein, the resulting volatility has left stocks tied to crypto markets, including exchanges, brokerages, and tokenization platforms such as Coinbase, Robinhood, and Figure, down nearly 60% from their recent highs. This represents a big discount considering that these businesses have continued to expand their operations despite the turbulence.

In their Monday note to clients, they predicted that the current market weakness will extend until the release of first-quarter earnings reports, at which point a market bottom could potentially form. Such a prediction suggests that Bitcoin could likely continue to see more downside at least until April ends.

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On the daily chart, Bitcoin (BTC) price has lost the support of a key descending trendline where bulls have often previously found footing.

Bitcoin price, MACD, and RSI chart.
Bitcoin price, MACD, and RSI chart — March 30 | Source: crypto.news

Technical indicators such as the MACD and RSI show that bears still have the advantage in the current setup. The MACD lines have formed a bearish crossover and were trending downwards while the RSI line was moving within a descending channel, both signs that selling pressure remains dominant.

For now, $65,000 could serve as the key psychological support which bulls would seek to defend. If Bitcoin falls sharply below this key level, bears could aim to drag it all the way down to its yearly low around $60,000 once again.

On the contrary, if BTC price rebounds above $69,000, which aligns with the 23.6% Fibonacci retracement level, it could signal a shift in momentum.

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Bullish outlook on crypto-linked stocks despite downturn

While the recent report projected trimmed price targets for crypto-linked stocks, Bernstein analysts maintained “outperform” ratings for Coinbase, Robinhood, and Figure as they attributed the recent weakness to macro pressure and deteriorating market sentiment rather than fundamental business failures.

This means that following the expected weak quarter, they expect these companies to come out stronger in the long term, likely as Bitcoin retraces back to its former highs once all the drama from the ongoing U.S.-Iran war settles down.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Stripe stablecoin unit Bridge denies shipping trucks to company in Venezuela

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Stripe stablecoin unit Bridge denies shipping trucks to company in Venezuela

Stripe’s billion-dollar stablecoin subsidiary Bridge Ventures Inc. has apparently been listed on documents as having sold 12 Mitsubishi trucks to a company in Venezuela with ties to the family of former president Hugo Chávez.

The stablecoin company, which Stripe acquired for $1.1 billion, appears, along with its exact street address, suite number, city, state, and zip code, on a shipment slip that sent trucks through a New Jersey port to a company in Venezuela.

At the time of the shipment, Venezuela was under broad US sanctions that covered many companies connected to the Chávez regime’s state-owned oil company PdVSA, and entities acting on its behalf.

Bridge categorically denies any involvement with the shipment. “Whatever this is about, it has nothing to do with us: Bridge had no involvement in this shipment or any associated payment activity,” a spokesperson told reporter Jason Mikula.

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“The only explanation we can think of is some clerical error or confusion around a common name like Bridge.”

However, the platform’s character-by-character name isn’t particularly common, while the address on both bills of lading match US Patent and Trademark Office filings and third-party business registries like Bloomberg.

Mikula tweeted and published an article about his skepticism that a third party used Bridge’s name without its authorization.

Bill of lading showing Bridge’s exact name and address. Image courtesy of Jason Mikula via ImportKey.

Thundernet, a Hugo Chávez family connection

The buyer on both truck shipments from “Bridge Ventures Inc.” was Thundernet, C.A., an internet provider based in Barinas, Venezuela.

Thundernet belongs to Grupo Nemer, a conglomerate of dozens of companies across Venezuela, Panama, and the US with close ties to Chávez’s regime.

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For example, Hugo Chávez’s youngest brother, Adelis, previously owned the Barinas-based Zamora Futbol Club. The club is now run by Omar Jose Nemer Irched, the eldest son of Grupo Nemer head, Syrian-born Atef Salami Nemer Hirchedd.

That soccer club’s sponsor switched from PdVSA to Thundernet.

In addition, investigative outlet Armando.info reported in 2021 that Nemer Hirchedd maintained a close relationship with another Chávez sibling, Adan Chávez Frías.

Adan served as governor of Barinas and Venezuela’s ambassador to Cuba, a relationship that allegedly helped Grupo Nemer take over operations of a bankrupt state agriculture company.

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An exact name match and a denial from Bridge

According to Mikula, the shipping documents compound an already dubious compliance record.

In January 2026, he revealed Stripe’s connection via the Bridge stablecoin platform to Venezuelan crypto exchange Kontigo, rumored to have links to ousted President Nicolas Maduro’s son.

Maduro served as president of Venezuela since 2013, succeeding Chávez.

Moreover, as recently as November 2025, Bridge and Stripe executives were praising Venezuela as a stablecoin showcase.

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Bridge subsequently reclassified Venezuela from “controlled” to “prohibited” in its sanctions compliance document.

The timing aligned neatly with the Kontigo fallout and Bridge’s pursuit of a national trust bank charter from the US Office of the Comptroller of the Currency, which conditionally approved its application, after Bridge’s downward revision of Venezuela, in February 2026.

Read more: Venezuela had crypto for buying jet fuel, now its president has lost his plane

The entities on the bills of lading don’t appear on OFAC’s Specially Designated Nationals list. However, Venezuela’s broad program-level sanctions arguably cover persons acting on behalf of the government.

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Grupo Nemer’s opaque, multi-jurisdictional corporate structure makes verifying beneficial ownership extraordinarily difficult.

Both shipments originated from Jebel Ali port in Dubai, transited Morocco, and passed through Newark, New Jersey. The same Gmail address appeared for both seller/shipper and buyer/consignee on the documents.

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Lido DAO proposes $20 million LDO buyback as token trades at 70% discount to two-year median

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Lido DAO proposes $20 million LDO buyback as token trades at 70% discount to two-year median

Lido DAO proposed spending up to 10,000 stETH to buy its own governance token at what it calls a historically depressed valuation. That works out to roughly $20 million at current ether prices near $2,000.

The problem is where to spend it.

Onchain LDO liquidity sits at about $90,000 of depth at plus-or-minus 2%, according to the proposal posted by the Lido Ecosystem Operations team over the weekend. The market depth measure means a transaction of that value could move the token’s price by as much as 2%.

A single 1,000 stETH batch executed onchain would blow through available liquidity multiple times over, meaning Ethereum’s largest liquid staking protocol has to go offchain to buy its own token at scale.

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The proposal authorizes the Lido Growth Committee to route trades through centralized exchanges including Binance, OKX, Bybit, Gate and Bitget, each of which currently offers more than $100,000 in depth. It also permits the committee to engage market-maker partners on behalf of the Lido Ecosystem Foundation to facilitate execution.

Valuing governance

LDO hit an all-time low of $0.27 on March 7 and currently trades near $0.30, according to CoinGecko data, with a market capitalization of roughly $258 million.

The token is down more than 95% from its 2021 peak of $7.30. At current prices, the proposed buyback could use up roughly 65 million tokens, or about 8% of the circulating supply.

The DAO’s case rests on a gap between token performance and protocol fundamentals. The LDO-to-ETH ratio sits at approximately 0.00016, a 70% discount to levels that held for most of the past two years.

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Net protocol rewards, in contrast, have dropped only about 20% over the same period, while costs improved 13% year-over-year and the protocol’s effective take rate rose to 6.11% from 5%. Lido still holds the largest share of staked ether at around 23%, per DefiLlama.

“This is not a routine fluctuation,” the proposal states. “It represents one of the most significant dislocations between LDO’s market price and its underlying protocol fundamentals in the token’s history.”

Execution would proceed in 1,000 stETH batches, each requiring a separate Easy Track motion — a governance mechanism for routine or approved operations — with a three-day objection period. The Growth Committee retains discretion over timing and pace to avoid signaling exact moves to the market, a necessary precaution given that the proposal is public. Slippage is capped at 3% below the reference price.

The deeper question the proposal surfaces is one facing DeFi governance tokens broadly. LDO’s 95% drawdown from peak is extreme, but it is not an outlier in the category. A protocol that dominates its sector, generates consistent fees, and holds billions in TVL is trading at a $258 million market cap because the market has broadly repriced what a governance token is worth when it controls a fee switch but distributes nothing.

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Lido’s answer is to treat the dislocation as a buying opportunity. Whether that works depends on whether the market ever decides governance tokens deserve to trade on fundamentals at all.

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Women Creators Reclaim Ownership Through Web3 Payment Rails

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Women Creators Reclaim Ownership Through Web3 Payment Rails

Opinion by: Ashna Vaghela, chief customer officer at Mercuryo, and Vi Powils, CEO at World of Women.

For decades, the financial industry has treated creativity as a high-risk hobby. If you’re a woman building a global brand from a laptop, there is a risk that your bank doesn’t see a CEO. Rather, it sees someone with a non-standard income stream, without collateral, who might have to stop or pause working, to have children. Our global economy champions the middleman while the actual source of value can be treated as an afterthought.

For many women, particularly in emerging markets, creating online is not supplemental income; it is primary income and often the most borderless economic opportunity available to them.

That barrier runs deeper in emerging markets. A creator in Lagos can build a following of millions, only to find that the banking systems turn cross-border payments into a months-long exercise in fees and delays. When you control the flow of capital, you control who gets to stay in business. Women have spent years asking for a seat at the table where the legs were already broken.

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The intersection of the creator economy and crypto payment infrastructure offers the first genuine path to financial freedom that doesn’t require anyone’s permission. As we move toward a world where code does the work that banks used to gatekeep, and that shift matters more for women than almost anyone else.

The invisible tax on identity

Legacy finance has failed women and creators in tandem. Venture capital still directs a tiny fraction of its capital to female founders with only 2.3% of venture capital funding having gone to female-founded companies in 2024. Credit scoring still penalizes uneven income, which is the reality for most independent artists. These systems were designed for a 9-to-5 world that is no longer the default way of being.

Layered on top of that is the platform toll. Some take up to 50 percent of earnings before a single cent reaches a creator’s wallet. You’re renting your audience from a landlord who can evict you whenever the terms do not suit them. 

Programmable revenue and the end of Net-90

In the old world, a creator sells their work and can wait months to get paid. Smart contracts change this entirely. Revenue splits happen at the point of sale. If an artist collaborates with a developer, the payment doesn’t pool in a corporate account, it moves directly to their respective wallets the moment a transaction clears.

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Related: Blockchain restores women’s power in AI

The code becomes the escrow. There’s no chasing invoices, no waiting on platforms to release what you’ve already earned. Hardcoded royalties mean creators benefit from the long-term value of their work regardless of where it’s resold. 

While an imperfect system, the structure of onchain royalties is intended to help artists capture value over time, rather than relying solely on single transactions. OpenSea made royalty enforcement optional, which most marketplaces have now followed. This is what we mean by participatory capitalism: a model where the growth of the whole, lifts the people who actually built it. For many artists, especially women building global audiences, this shift is more than technical, it enables consistent revenue without depending on a platform’s schedule or policies.

Infrastructure as the foundation of family

Infrastructure sounds dry until you realise it’s the difference between asking for permission and having power. Community is a multiplier, but infrastructure is the engine. For the millions of women entering the creator economy, crypto rails offer a global passport that doesn’t check for borders or bias.

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The community talks a lot about community in Web3, but what is really being described is something closer to family. A community is a group you associate with. A family shows up when things get hard. Stablecoins have become that bridge for creators in regions with volatile currencies, letting them hold the value of their work without needing a bank’s approval. 

When you lower friction at both ends of a transaction, the creativity in the middle takes off. There is already seeing a generation of entrepreneurs who don’t need an invitation to the boardroom because they own the system it sits on. Reliable payment rails make the difference between being able to monetize globally and being restricted to local, slow, or costly banking systems, a gap that disproportionately affects women creators in emerging markets.

Moving toward ownership

Inclusion is not a gift. Ownership is holding the deed, not being handed a seat. The shift to Web3 payment infrastructure moves us toward that deed. This moment is about refusing to let legacy systems set the value of creative communities. The infrastructure is ready. The only thing left is for the creators to lead.

Let us stop waiting for the system to change. Let us continue to the payment rails that replace it. 

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Opinion by: Ashna Vaghela, chief customer officer at Mercuryo, and Vi Powils, CEO of World of Women.