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Центральный банк Кубы разрешил десяти компаниям использовать криптовалюты для международных расчетов. Речь идет об организациях из сфер технологий, общественного питания и транспорта.

Following new Google research highlighting an accelerating quantum-computing threat to crypto, former Binance CEO Changpeng Zhao (CZ) weighed in with a pragmatic — if brisk — prescription: upgrade cryptography. 

In a social media post on X  (previously Twitter), the founder of the crypto exchange sought to ease concerns while acknowledging the technical and governance challenges ahead.

A Complex Task For The Crypto Industry 

Google’s whitepaper, published March 30, warned that the cryptographic foundations of most major digital assets are more vulnerable to quantum attacks than previously believed, noting that 6.9 million Bitcoin (BTC) are potentially at risk today, including about 1.7 million coins thought to belong to Satoshi Nakamoto.

CZ responded to the report with a straightforward message: “All crypto has to do is upgrade to Quantum‑Resistant (Post‑Quantum) Algorithms. So, no need to panic.” He balanced that reassurance with realism, warning that implementing post‑quantum cryptography across decentralized networks is difficult. 

Coordination problems, disputes over which algorithms to adopt, and the inevitable forks that may follow are likely. Some projects may never migrate, and CZ suggested that failing or dormant projects might be better off disappearing than becoming easier targets.

He also flagged practical risks that accompany any large‑scale cryptographic overhaul. New code can introduce vulnerabilities in the short term, and users who hold their own keys will need to migrate funds to upgraded wallets.

CZ raised an additional point about Satoshi’s coins. If those long‑dormant addresses move, it would strongly suggest that their owner is active; if they remain untouched for long enough, he proposed locking or effectively burning them to prevent them from becoming targets for attackers who might break old cryptography. 

New Steps Against Quantum Threats

The industry has already begun to move. Ethereum (ETH), which has publicly acknowledged the quantum risk, unveiled a new resource hub dedicated to post‑quantum security on March 25. 

Its co‑founder, Vitalik Buterin, previously emphasized the need for changes in how Ethereum stores data and signs transactions to remain secure against future quantum advances. 

On the Bitcoin side, BTQ Technologies released Bitcoin Quantum testnet v0.3.0 on March 20, implementing the first working version of Bitcoin Improvement Proposal 360 (BIP‑360), a practical experiment in quantum‑resilient signatures.

In short, the path forward is clear in principle: adopt quantum‑resistant algorithms and migrate wallets and smart contracts to new signature schemes. In practice, the process will be messy, contested, and technically challenging. 

Yet, CZ’s bottom line was optimistic: “Fundamentally: It’s always easier to encrypt than decrypt. More computing power is always good. Crypto will stay, post quantum,” the former Binance CEO said to conclude his social media post.  

At the time of writing, Bitcoin was trading at around $66,833. According to CoinGecko data, this represents a 1% loss in the last 24 hours and a nearly 5% loss over the past week. 

Featured image from CNBC, chart from TradingView.com 

Канадская майнинговая компания Bitfarms объявила о смене стратегии и ребрендинге под новым названием Keel Infrastructure. Компания планирует перенести головную структуру в США и сосредоточиться на развитии инфраструктуры для искусственного интеллекта и высокопроизводительных вычислений (HPC).

В Петропавловске-Камчатском четыре девушки 18–19 лет обратились в полицию после того, как перевели деньги мошенникам, обещавшим доход от торговли биткоинами через мессенджер.

On-chain data shows the Bitcoin short-term holders are massively in loss, with just 3.2% of their supply sitting on some unrealized profit.

Vast Majority Of Bitcoin STH Supply Is In The Red

As pointed out by CryptoQuant community analyst Maartunn in an X post, the Bitcoin short-term holders as a whole are currently facing an underwater situation. The “short-term holders” (STHs) here refer to BTC investors who purchased their coins within the past 155 days.

Statistically, the longer an investor holds onto their coins, the less likely they become to move or sell them in the future. Since the STHs have a relatively short holding time, they may be considered to consist of the weak side of the market. The diamond hands are represented by the “long-term holders” (LTHs), who have been holding since longer than 155 days.

As the below chart shows, the Bitcoin STHs currently hold a total of 5,198,409 BTC in their balance.

It’s also visible in the graph that in terms of the trend, the STH supply has been sliding down recently, meaning that coins have been maturing into the LTH cohort. In other words, HODLing sentiment has been rising among holders alongside the market downturn.

While the STH supply has declined, its loss concentration has been maintained at high levels, as the Supply in Loss metric shows.

The Supply in Loss measures, as its name suggests, the percentage of the BTC supply that’s being held at some net unrealized loss right now. The indicator determines this by going through the on-chain history of each coin to find its last transaction price/cost basis.

Coins with an acquisition value higher than the latest spot price are put in the loss category. Another indicator called the Supply in Profit tracks the coins of the opposite type: those with a cost basis lower than BTC’s current value.The bearish market action in recent months has resulted in the Supply in Loss shooting up for the STHs, with its value today hitting the 96.8% level. At the same time, the  Supply in Profit has naturally plummeted, shrinking down to just 3.2%.

In some other news, a very old LTH has shifted their coins during the past day, as Maartunn has highlighted in another X post.

These tokens were held for more than ten years before being involved in this transaction, suggesting that either some lost coins have been rediscovered or a very resolute investor has decided to break their silence.

BTC Price

At the time of writing, Bitcoin is floating around $66,600, down over 6% in the last seven days.

Администрация города Хаверхилл в штате Массачусетс рассматривает возможность полного запрета криптоматов. Инициативу предложила мэр Мелинда Барретт (Melinda Barrett), городской совет поддержал ее единогласно — 11 голосами.

Ethereum is testing $2,000. The market is uncertain. And a few hours ago, one institution decided that uncertainty was the right time to commit another $340 million.

Data from Arkham Intelligence has identified a transaction that stands in direct contrast to the current market mood: Bitmine staked an additional 167,578 ETH — approximately $340 million — within the last several hours. This was not a purchase. It was a commitment. Staking ETH means locking it, removing it from circulation, and declaring that it will not be sold. At $2,000, during a period when most market participants are questioning whether that level holds, Bitmine chose to deepen its position rather than reduce it.

The cumulative context makes the move even more consequential. It is a structural bet on Ethereum’s long-term value, built transaction by transaction, at prices the broader market has treated as a reason to hesitate.

Every ETH that Bitmine stakes is ETH that cannot be sold. At $2,000, with exchange supply already contracting, that distinction matters more than it would at any other point in the cycle.

One Institution Is Not Waiting for the Recovery. It Is Funding It

Bitmine’s latest transaction of 167,578 ETH brings its total staked position to 3,310,221 ETH, now valued at approximately $6.72 billion. That figure is not a portfolio allocation. It is an institutional declaration made across multiple transactions, at multiple price points, through one of the most difficult periods Ethereum has experienced in recent memory. Each stake was a choice. Together, they form an argument about where ETH goes from here.

The market Bitmine is betting on is fragile. Ethereum is navigating a delicate price level around $2,000 — a zone that has absorbed significant selling pressure and is now attempting to form the base of a recovery. The broader market is trying to stabilize after months of sustained downside, and every session at this level is a test of whether buyers have enough conviction to defend it against renewed pressure.

Bitmine has answered that question for itself. $6.72 billion in staked ETH is the most unambiguous expression of conviction available in this market. The only question left is whether the price eventually agrees.

Ethereum Tests Macro Support as Structure Weakens

Ethereum is trading near the $2,000–$2,100 region, a level that now acts as a critical macro support after the recent breakdown from the $3,000 range. The weekly chart shows a clear shift in structure, with ETH failing to hold above the 50-week and 100-week moving averages, both of which are beginning to flatten and turn into resistance.

The rejection from the $3,500–$4,000 region marked a decisive loss of bullish momentum, followed by a sharp move lower that tested the 200-week moving average, currently sitting below the $2,000 level. Price has since bounced slightly, but remains compressed just above this long-term trend indicator.

This positioning is important. Historically, the 200-week moving average has acted as a strong support during corrective phases. Holding above it would suggest that Ethereum is undergoing a deep retracement within a broader uptrend. Losing it, however, would signal a structural breakdown with potential for extended downside.

Volume spikes during the selloff point to capitulation or forced liquidations, while the recent stabilization indicates that selling pressure is being absorbed, but without clear bullish expansion.

Structurally, Ethereum is at an inflection point. A reclaim of $2,500 would shift momentum, while sustained weakness below $2,000 would expose lower liquidity zones.

Featured image from ChatGPT, chart from TradingView.com 

Daily transaction volumes for JPMorgan’s blockchain-based payment system are approaching $10 billion as the bank expands its reach into the industrial sector.

The financial giant is rebranding its suite of digital asset services under the name Kinexys, moving away from the previous Onyx label.

This shift comes as the bank integrates major global corporations into its private network to handle massive cross-border capital flows.

Among the latest to join is Mitsubishi Corporation, the Japanese conglomerate with vast interests in energy, mineral resources, and retail.

Instant Settlement Replaces Traditional Banking Delays

The partnership with Mitsubishi focuses on the mechanical reality of moving money between different countries and currencies.

Traditional banking systems often require several days to clear international transfers because they rely on a complex web of correspondent banks.

Reports indicate that Mitsubishi will use the Kinexys platform to reduce these settlement times to roughly two minutes. This allows the company to manage its liquidity in real-time rather than waiting for manual processing across different time zones.

Mitsubishi to adopt JPMorgan blockchain service for fund transfers https://t.co/JSpkFZx3Xb

— Nikkei Asia (@NikkeiAsia) March 30, 2026

The system operates 24 hours a day, providing a level of constant availability that standard wire services cannot match.

Data shows that the platform has already handled more than $1 trillion in total volume since it began operations. By moving the “plumbing” of finance onto a shared digital ledger, the bank claims it can eliminate the friction that typically slows down corporate treasuries.

Mitsubishi intends to use the technology to streamline its global supply chain payments. This involves coordinating funds across dozens of subsidiaries and international partners.

Instead of keeping large amounts of cash sitting idle in various accounts to cover pending transfers, the company can deploy its capital more effectively.

Tokenized Assets Beyond Simple Cash Transfers

The expansion of the Kinexys brand signals a move into more complex financial products. While the initial focus was on moving US dollars and Euros, the bank is now introducing “Kinexys Digital Assets.”

This feature allows users to represent physical or financial assets as digital tokens on the blockchain. For a company like Mitsubishi, this could eventually mean tokenizing everything from cargo shipments to private credit agreements.

Reports note that this capability makes it easier to track ownership and trade assets without the heavy paperwork usually required in industrial commerce.

Going Blockchain

Officials said the platform is also adding a “Labs” feature to help clients build their own custom tools on top of the existing infrastructure. This is part of a broader push to make blockchain technology a standard part of the corporate back office.

Even though the technology is decentralized in its design, it remains under the strict control of the bank. This ensures that every participant is verified and every transaction meets international regulatory standards.

This ensures that every participant is verified and every transaction meets international regulatory standards. The goal is to provide the speed of a cryptocurrency network with the safety and oversight of a regulated multitrillion-dollar bank.

Featured image from The Equinix Blog, chart from TradingView

Cardano founder Charles Hoskinson has launched one of his most direct attacks yet on Ripple and its CEO Brad Garlinghouse, accusing the payments company of engineering the CLARITY Act to eliminate competition while shielding its own interests. 

The remarks were delivered during Hoskinson’s most recent weekly rollup on YouTube, where he laid out what he believes is a deeper issue surrounding the bill and how it could change competition across the crypto sector.

Hoskinson Accuses Ripple Of Playing Dirty

According to Charles Hoskinson, the CLARITY Act, in its current form, was crafted with Ripple’s fingerprints on it. He is of the notion that the bill’s structure would classify most digital assets as securities by default, forcing projects to fight their way out of that designation through a regulatory process he warned the SEC could easily weaponize. “They’re trying to pass a bill that hurts the entire ecosystem while they get protected,” he said.

As noted by Hoskinson, if the CLARITY Act is passed, projects would need to prove otherwise, effectively placing the burden of defense on developers and startups from the outset.

Open-source contributors could face legal risks even when they are not directly responsible for how their code is used. He pointed to the legal exposure faced by developers connected to Tornado Cash as an example of what could become standard practice if the CLARITY Act passes in its current form. 

He also flagged the removal of existing protections for DeFi developers as a provision that would send a chilling signal across the entire community of crypto developers. 

Cardano Founder Says XRP Community Is Incapable Of Critical Thinking

Hoskinson also reserved some of his remarks for members of the XRP community. He accused Ripple directly of conducting a sustained campaign of layer after layer of marketing and propaganda. Furthermore, years of social media consumption, cable news, and yellow journalism have left segments of the XRP community with an inability to think critically. 

Hoskinson has been building this argument over several months, and his recent statements tie into a broader pattern of criticism against Ripple and the CLARITY Act. 

Back in early March, he noted that the CLARITY Act’s structure effectively labels everything as a security first, creating a system where only a few projects will be spared. He suggested that XRP could be among the assets that receive more favorable treatment under the framework proposed by the CLARITY Act.

His criticism against Brad Garlinghouse has also been very persistent. A notable example is during a January 2026 livestream where he questioned why the Ripple CEO is supportive of advancing the bill despite its perceived flaws.

Polymarket odds of the CLARITY Act being signed into law in 2026 have now fallen to 51%, down from above 78% in early March, following Coinbase’s opposition to a stablecoin yield compromise and the departure of crypto czar David Sacks from his role.

Polymarket’s most recent venture is turning crypto trading into an e-sport spectacle.

A New Crypto Coliseum?

The “casino degen” narrative that surrounds crypto trading in prediction and betting platforms is turning almost literal, thanks to prediction-market giant Polymarket. Despite recently being on the spotlight for heightened ethical concerns from legislators, Polymarket and legend.trade are presenting an e-sports‑inspired trading competition where crypto traders will battle it out in a live arena.

Serving as a metaphor for the current state of affairs in the crypto world, in this new event the market is literally used as the battleground (e.g. political, macro, crypto narrative markets), with traders taking positions on real‑world events that settle on‑chain. Let’s not forget that, not so long ago, Ethereum’s co-founder Vitalik Buterin warned against this perspective of the crypto market.

How The Competition Will Work

Polymarket’s new venture aims to fuse together three hot narratives, such as prediction markets, social trading and e-sports, signaling a possible new direction for the platform amidst so many insider trading scandals.

Introducing the Legend Trade Series, presented by @Polymarket

April 16, 2026 – trading goes live on the esports stage 8 traders. 3 rounds. 1 winner.

Watch on Kick, X, and YouTube – or attend in NYC.

The first of many global trading esports events. pic.twitter.com/WrBKTaF6qd

— legend.trade (@legendtrade) March 30, 2026

The event, as announced in legend.trade’s official X account, is called Legend Trade Series and will happen in New York City on April 16. It is not hard to imagine that, just as many other e-sporting events, the competition will have tournament brackets or rounds, scheduled events, maybe team vs. team or influencer‑led squads, and a Twitch‑style viewing experience where the crowd can follow top accounts and react in real time.

Legend is social crypto trading platform that turns trading into a live, multiplayer “arena” where traders compete, share strategies, and surface alpha in real time. The platform’s core idea is to surface the best traders on the site so others can watch, learn from their decisions, and ultimately try to make money by following high‑signal players.

Trading As An E-Sport: A Long History

Despite being a first for prediction markets, this is not the first time platforms attempt to turn trading into an e-sport.

FX and CFD brokers have long run leaderboard-based trading competitions, but newer setups use dedicated “tournament infrastructure” with brackets, rankings, and prize pools to mimic esports formats. White‑label tools like Swiset let brokers host recurring trading tournaments, track performance metrics, and display real‑time leaderboards to drive engagement much like ranked multiplayer ladders. Platforms such as The Trading League explicitly brand themselves around “gamified trading tournaments,” where users compete in FX, stocks, crypto and commodities for cash, crypto, and gadget prizes.

Crypto venues and derivatives platforms periodically run global trading competitions tied to big events (World Cup, market cycles), featuring campaign names, marketing storylines, and prize ladders that borrow from esports culture. These events generally focus on volume or PnL over a set period, with public rankings and social hype, but the spectator element (casters, live production) has usually been thin compared with real esports.

Legend itself highlighted self-organizing live-trading competitions already happening in Korea.

In Korea, traders are now self-organizing live competitions almost every week

Last week alone, 100+ traders went head-to-head in a single competition on @legendtrade

This is what trading as an esport actually looks like pic.twitter.com/JcKkhb32Sy

— legend.trade (@legendtrade) March 30, 2026

Gamified trading consistently boosts engagement and acquisition, which is why brokers and prop firms keep leaning into tournaments, XP, badges and challenges, but regulators are wary: UK’s FCA and others have warned that game‑like features (tournaments, rewards, loot‑box‑style promos) can drive overtrading and risk‑taking, so anything that looks like “esports for trading” carries compliance risk.

Cover image from Perplexity, BTCUSD chart from Tradingview

Cardano founder Charles Hoskinson said Monday that Midnight is now live, marking the mainnet debut of the privacy-focused network that has been one of the highest-profile infrastructure bets tied to the broader Cardano ecosystem. In his March 30 livestream, Hoskinson said the chain had already been running for a while, with average block times holding at roughly six seconds, more than 163,000 blocks produced, and a finality gap of about two blocks.

Midnight Launch Marks Major Cardano Ecosystem Milestone

The launch itself was formally announced by Midnight via X. The project said the genesis block had been produced and that developers, partners and institutions would now be able to deploy applications and migrate assets onto the network. The release lands on the timeline the team had previously outlined in February, when Midnight said mainnet was scheduled for late March 2026. It also follows the December 2025 launch of NIGHT, the network’s native token, on Cardano.

Hoskinson framed the current phase as a controlled production launch rather than an instant jump to open decentralization. He described Midnight as being in a “guarded era,” with a strong federated network and an active post-launch bug-fix queue already numbering more than 130 items. None, he said, were showstoppers, but the team expects to spend the next two to three weeks hardening the system while partners and developers begin building against a live environment.

That characterization matches Midnight’s official rollout plan. The foundation said the network is entering production through a phased application deployment period designed to prioritize operational stability and security before later stages of decentralization. In this initial setup, federated node operators run the core infrastructure under explicit participation rules, with the longer-term goal of progressing toward a more decentralized and permissionless model.

Midnight’s launch post highlights a roster of federated node partners that includes Worldpay, Bullish, MoneyGram, Pairpoint by Vodafone, eToro, AlphaTON Capital, Google Cloud, Blockdaemon and Shielded Technologies. That institutional mix is central to Midnight’s pitch: a privacy-preserving public blockchain intended to support live applications without asking enterprises to accept the data exposure typical of fully transparent ledgers.

Midnight’s technical proposition is built around programmable privacy. According to the project’s launch materials, the network combines public and private data through a hybrid ledger architecture, uses client-side generation of zero-knowledge proofs so sensitive data remains on user devices, and supports both shielded and unshielded assets depending on the application’s needs. The protocol also supports selective disclosure, allowing counterparties, auditors or regulators to view specific records when application logic requires it, without exposing all underlying transaction data by default.

Economically, Midnight is also trying to differentiate itself from conventional gas-token networks. The chain uses a dual-component model in which NIGHT acts as the unshielded governance and utility token, while DUST functions as the renewable transaction resource consumed by applications. Midnight says DUST regenerates over time based on NIGHT holdings, with a full recharge reached over seven days, a design meant to make transaction costs more predictable for businesses and allow developers to subsidize usage for end users.

Hoskinson used the livestream to pair the launch announcement with a broader educational push. He said he has published a free book, Proving Nothing: A Complete Guide to Zero-Knowledge Proof Systems, aimed at non-technical readers who want a comprehensive overview of how ZK systems work.

On the product side, Hoskinson said Lace would receive an update tied to Midnight mainnet support, with version 136.2 already submitted for approval at the browser extension store. He added that Lace v2 and a mobile release are both expected in April.

At press time, Cardano traded at $0.24.

Staking activity on the Ethereum network is taking the spotlight as the altcoin’s price continues to face heightened volatility. One notable aspect of the development is the significant increase in staking activity among large institutional investors. The most recent staking move triggering a frenzy in the ETH community comes from The Ethereum Foundation.

Major ETH Stake by Ethereum Foundation

With the market still lingering in a bearish state, the frenzy around Ethereum’s price has cooled down and shifted toward a more dynamic trend. However, A recent notable move by the Ethereum Foundation is attracting attention to the staking activity across the ETH network, which appears to be experiencing substantial growth over the past few months.

Crypto commentator and investor Kyle Chasse has taken to X to report a massive staking from the Foundation, which saw $42.2 million worth of ETH being locked away in staking contracts. This development coincides with an increase in staking participation as more holders, especially institutional, decide to lock up their assets in exchange for yield.

By allocating a sizeable portion of ETH to staking, the Ethereum Foundation is showcasing its robust confidence in the network’s economics and security in the long term. With these persistent large ETH staking from The Foundation and other large institutions across the sector, the expert believes that the altcoin could change forever.

According to the expert, the Foundation made the move as Vitalik Buterin, the founder of Ethereum, gave an open statement about changing ETH’s direction. This revelation from the founder carries major weight since it will reshape the altcoin and its network’s future.

Chasse stated that there is still a lot to build, and a pivot like this is capable of redefining the entire ETH ecosystem. However, this move still poses some real risk if it eventually fails at execution. In the event that the team discovers the right angle and delivers real utility, this plan could go down as one of the most crucial moves in crypto history.

ETH Is Being Locked Away Everywhere

A market expert with the nickname AltCryptoGems has outlined the magnitude of Ethereum staking after multiple moves. While ETH is getting sold on the chart, the leading altcoin is being staked across the sector. Currently, nearly 3 million ETH is sitting around to be staked, with the entry queue now around 50 days.

At the same time, the exit queue has almost vanished as very few are leaving, which indicates a clear imbalance. If confidence were weak, exits would have spiked, causing staking to slow down. However, the opposite is happening as participants are locking ETH for months at a 2.7% yield.

Total ETH staked has now surpassed 38 million, representing over 31% of the entire supply. Meanwhile, this number continues to increase despite declining price action. ETH’s price is demonstrating weakness, but participation is showing strength, a classic disconnection that does not last long. Supply may be getting locked away, but demand is building.

A crypto analyst has issued a new Solana price forecast, outlining several potential target levels for the current cycle. In the short term, the analyst expects significant volatility and the possibility of a sharp price crash to new lows. Despite this, his ultimate projection suggests that SOL could surge toward $360, representing a roughly 333% increase from its price of about $83 at the time of writing. 

When The Solana Price Could Hit $360

A detailed technical analysis shared by market expert Celal Kucuker on X has sparked renewed optimism around Solana’s price outlook. The analyst shared a chart showing the SOL price around $88 at the time. He also outlined a clear roadmap that points to a potential final surge near $360 for the cryptocurrency. 

The chart reveals a dominant bearish channel defined by several parallel red descending trendlines that shaped Solana’s price action from late 2025 through early 2026. These lines have repeatedly capped rallies and guided SOL’s downtrend, while also respecting the critical resistance point around $147.15. 

Following the cryptocurrency’s rally to $147, it recorded a massive price crash to $66.92, marking the first floor of its Double Bottom pattern, as shown on the chart. Based on the trajectory of black lines within the descending parallel channel, Kucuker expects Solana to rally again to $111.32 in the near term, representing a roughly 66% increase from the previous bottom. 

Once this happens, SOL is projected to plunge even deeper toward $50.42, officially completing its bearish Double Bottom pattern. Kucuker has highlighted this area as a solid support zone. From this pivotal low, the analyst drew a black, upward-sloping line that cleanly slices through the entire bearish descending channel. 

This line points directly to the $361.47 bullish target. Kucuker’s timing for this projection suggests that Solana could skyrocket to this level by 2027. However, the chart shows somewhere around the third quarter of 2026. Notably, such a move would deliver a staggering 616% gain from the projected $50.42 support level. 

Additional targets in the chart analysis further reinforce Kucuker’s bullish outlook. The analyst drew multiple horizontal lines on the chart to mark key resistance zones that may influence price movement. The first red line points to $130 as an immediate resistance level, which comes into play once the price surpasses the initial target of $111.32. Beyond this, the next black line identifies $260 as the next major resistance level that, if broken, could confirm Solana’s projected price rally above $360.  

The Thesis Behind The Bull Rally

A crypto community member has challenged Kucuker’s bullish forecast for Solana, questioning why he posted price targets and charts without explaining the underlying thesis. They asked the analyst to explain which macroeconomic factors could push the SOL price above $360 and which could drive it down to the $50 support level. 

In response, Kucuker pointed to broader market dynamics, noting that price rallies often start with meme coins, which typically generate momentum across the market. He noted that Solana will likely benefit from this upward movement, potentially propelling it to new all-time highs. 

Nakamoto Holdings, a publicly traded Bitcoin‑treasury company that launched last August, is facing a deepening financial crisis after a dramatic stock collapse and a string of losses that have eroded investor confidence and raised the specter of delisting.

In less than a year, the company’s market capitalization has plunged from a peak near $24 billion to roughly $180 million — a decline of about 99.3% that has wiped out roughly $23.3 billion in value. 

Heavy Q4 Mark‑downs  

In its late‑Monday report, Nakamoto reported a $142.6 million loss in the fair value of its digital assets during the fourth quarter, alongside a $10.8 million investment loss tied to its stake in another Bitcoin‑treasury firm, Metaplanet. 

The company said it entered 2025 with a mandate to build a public, Bitcoin‑native enterprise, completing its public listing via a merger with KindlyMD and expanding its footprint through acquisitions of BTC Inc and UTXO. 

“We established a robust Bitcoin treasury, built a scalable capital strategy, and… transitioned into a fully integrated Bitcoin operating business with the scale and infrastructure to drive sustained growth,” CEO David Bailey said in the statement.

Despite that strategic framing, recent filings revealed more troubling operational details. Analysts at Bull Theory flagged the sale of $20 million worth of Bitcoin at an average sale price near $70,000 — assets the company had originally acquired at an average cost basis of $118,000. 

That transaction crystallized a roughly 40% loss on those coins and underscored a central problem: Bitcoin is trading far below Nakamoto’s cost basis, shrinking the value of the company’s treasury while liabilities and financing structures remain in place.

Financing Fragility At Nakamoto

The company’s capital structure has also magnified its vulnerability. At launch, Nakamoto raised $510 million via a private investment in public equity (PIPE) and an additional $200 million in senior secured convertible notes. 

In December 2025, the firm refinanced its convertible debt with a $210 million Bitcoin‑backed loan from crypto exchange Kraken. That loan is secured by the same Bitcoin that has since fallen to roughly 40% below Nakamoto’s purchase price, exposing the company to margin and solvency pressures if prices remain depressed.

With the stock price trading under $1 for more than 30 consecutive days, Nakamoto is now non‑compliant with Nasdaq listing rules. If the situation is not remedied, the company faces a probable delisting effective June 8, 2026. 

The potential removal from the exchange would further constrict Nakamoto’s already limited access to capital and reduce liquidity for shareholders, creating a vicious cycle. 

A weak stock price limits the company’s ability to raise equity to shore up its balance sheet or buy back discounted Bitcoin, which in turn undermines the principal advantage of the treasury‑model business that Nakamoto has pursued.

Bull Theory’s analysts summarized the predicament bluntly: the Bitcoin treasury model depends on three things lining up — a sufficiently low cost basis for BTC, a strong stock price that enables capital raises, and continuous access to financing. 

If any one of these elements breaks, the model can rapidly unwind. At Nakamoto, all three have deteriorated: Bitcoin is trading well below the firm’s acquisition cost, the equity value has collapsed, and access to fresh capital has become effectively unavailable amid delisting risk.

Featured image from OpenArt, chart from TradingView.com 

Federal prosecutors say a Maryland man who stole more than $54 million from a crypto exchange blew a significant portion of the money on Pokémon cards, antique Roman coins, and a scrap of fabric from the Wright brothers’ plane.

A Hacker With An Unusual Shopping List

Jonathan Spalletta surrendered to authorities Monday after the US Attorney’s Office for the Southern District of New York unsealed an indictment against him. Agents who searched his home found the collectibles. The items were seized. Spalletta now faces up to 30 years in prison if convicted on all charges — one count of computer fraud and one count of money laundering.

The case centers on two separate attacks against Uranium Finance, a now-defunct crypto exchange that operated on the BNB blockchain. Both hacks happened in April 2021, just weeks apart, and together they wiped out tens of millions of dollars in user funds. The platform never recovered.

“Stealing from a crypto exchange is stealing – the claim that ‘crypto is different’ does not chang that,’” said U.S. Attorney Jay Clayton. “For the victims, there is nothing different about having your money taken.”https://t.co/jSaPJ0F5LR pic.twitter.com/TbQ1mLfOYp

— US Attorney SDNY (@SDNYnews) March 30, 2026

The first attack, on April 8, was relatively minor by crypto-crime standards. A bad actor exploited a smart contract flaw and walked away with $1.4 million. The two sides eventually reached a private agreement, and all but $386,000 was returned. Then, 20 days later, Spalletta allegedly came back for more.

The Second Strike Killed The Platform

The April 28 attack was on another level. According to prosecutors, Spalletta exploited a coding error in Uranium Finance’s withdrawal system, hitting 26 separate liquidity pools in a single sweep. He made off with $53.3 million in Bitcoin, Ether, and the platform’s own U92 token. The exchange shut down shortly after. Victims were left with little information and no recourse.

Uranium Finance had launched just days before the first hack, during the 2021 bull market. It was built as a fork of Uniswap, a well-known automated trading protocol. The platform never got a chance to grow. By the end of April, it was gone.

Federal investigators worked the case for years behind the scenes. In early 2025, authorities recovered $31 million in cryptocurrency tied to the hack but offered no public explanation at the time. Monday’s indictment filled in the details.

US Attorney Draws A Hard Line On Crypto Theft

US Attorney Jay Clayton made clear his office views crypto theft the same as any other financial crime. “Stealing from a crypto exchange is stealing,” Clayton said. “For the victims, there is nothing different about having your money taken.” He added that Spalletta caused real losses for real people and is now under real arrest.

Spalletta appeared before US Magistrate Ona Wang on Monday to formally hear the charges. Data from the broader crypto industry puts the 2021 hack in context — bad actors stole an estimated $2.6 billion through various exploits that year alone. The biggest was a $610 million breach of the Poly Network, though the hacker in that case eventually returned the funds.

The Uranium Finance victims have waited nearly five years for answers. Monday’s indictment was a start.

Featured image from Unsplash, chart from TradingView

Сегодня, 1 апреля, должна была начаться полная блокировка Телеграма в России. Роскомнадзор замедляет самый популярный мессенджер уже много недель подряд. Что меняется для криптоинвесторов и криптопредпринимателей?

Госдума начала рассматривать законопроект об уголовной ответственности за нелегальный майнинг и незаконную работу оператора майнинговой инфраструктуры. Документ внесло правительство России.

Despite waning price performance from Bitcoin and Ethereum, the broader cryptocurrency market still recorded notable inflows for weeks. However, all of these changed as investors’ sentiment shifted, and the crypto market ended up seeing massive capital outflows once again.

Bitcoin And Ethereum Are In Major Crypto Outflow

After several weeks of steady inflows, the cryptocurrency market has finally recorded a day of outflows as investors pull funds. Such a development is typically seen as a potential shift in investors’ sentiment across the highly volatile market.

As outlined in Milk Road’s report, this marks the first significant capital outflow in 5 weeks, raising questions about the market’s direction. Funds that had continuously invested in digital assets, especially well-known cryptocurrencies like Bitcoin and Ethereum, are now starting to turn around.

A single week of outflows doesn’t always indicate a larger trend, but it frequently indicates that investors are becoming more cautious. However, this could shift investors’ focus toward the sustainability of crypto’s recent momentum. 

Milk Road highlighted that over $414 million left the sector last week, putting an end to a stream that had bulls feeling more excited about the market. Underneath the surface, the United States led the selling activity with $445 million in outflows. Meanwhile, other regions such as Germany and Canada moved in the opposite direction to the US, buying the dip while American investors were heading for the exit.

In this bloodbath, Ethereum led the selling activity, recording approximately $222 million in outflows. According to Milk Road, this figure represents more than half of the total weekly rain emerging from a single asset.

Bitcoin, on the other hand, is telling a different story compared to Ethereum. Even though the week was rough, Bitcoin still managed to attract over $964 million in net inflows year-to-date (YTD). However, investors panicked as the asset reacted strongly negatively to economic and macro events.

Taking a look at the market, this cautious investor sentiment can be traced back to two major catalysts, which include rising rate expectations and Iran war fears. When both negative events meet, it often leads to institutions pulling away from risk assets like Bitcoin and Ethereum very fast. 

What Bulls And Bears Are Calling For

As the event intensified, the crypto market was the first thing to get trimmed, prompting bears to call this the beginning of a trend reversal. For bulls, they will point to the BTC YTD figure and declare that one bad week does not mean anything significant. Milk Road noted that both ideas make a point. 

One week of outflows does not mean the multi-week trend will not continue, but it does reduce momentum and make sellers more alert. In the meantime, the next test is whether the next two weeks produce more of the same or whether this was just institutions getting spooked by speculative headlines that carry no real significance.

If Iran tensions ease and rates stay put, the inflow streak will probably resume and continue in the following weeks. Sustained inflows will likely recover momentum for digital assets, with Bitcoin and Ethereum transitioning into the upward direction again.

The XRP community has drawn attention to old X posts by Ripple’s CTO Emeritus, David Schwartz, suggesting that Coinbase may have refused to list XRP on purpose. Schwartz had also suggested that the exchange asked Ripple for money before it could list the altcoin. 

Ripple’s CTO Emeritus X Posts Reveal Coinbase XRP Listing Saga

Crypto pundit Digital Asset Investor drew attention to old X posts from the Ripple executive in which he discussed the Coinbase XRP listing story and a hypothetical scenario in which Ripple was asked to pay listing fees for XRP. In the first X post, which was made back in May 2023, Schwartz said, “The story of Coinbase listing XRP is the only story I most wish I could tell that I can’t.”

The Ripple CTO Emeritus’ statement was in response to a question by another X user who asked how much the firm likely paid Coinbase to list XRP. This has raised speculations that the exchange may have initially refused to list XRP. In June 2023, Schwartz made another X post in which he described a “hypothetical” scenario in which an exchange refused to list XRP despite it being in its interest. 

Instead, the exchange asked Ripple to pay millions before it could list XRP and told Ripple it would have listed XRP a while ago if the crypto firm hadn’t existed. The CTO Emeritus said they finally reached an agreement with the exchange, and then the exchange listed XRP. Upon XRP’s listing, Schwartz said the altcoin accounted for 20% of the exchange’s revenue. 

Schwartz’s prior post in May 2023, in which he mentioned Coinbase, has led members of the XRP community to conclude that the Ripple CTO Emeritus was likely referring to Coinbase in the hypothetical scenario he painted. 

The Impact Of The SEC Lawsuit

It is worth noting that Coinbase had listed XRP before the SEC lawsuit against Ripple in December 2020, but moved to delist the token in 2021 as the lawsuit took shape. This was based on the SEC’s claim that XRP was a security. The crypto exchange then relisted XRP in July 2023 after Judge Analisa Torres declared that XRP wasn’t a security. 

In his hypothetical scenario, Schwartz said that a litigation adversary used the fact that they paid money for XRP’s listing to imply that the crypto firm was using money to unfairly boost XRP’s adoption or liquidity. However, the CTO Emeritus said they simply paid the money to avoid their existence hurting the XRP ecosystem. The XRP price was negatively impacted during the lawsuit, which lasted for five years. 

At the time of writing, the XRP price is trading at around $1.32, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Qubic used a March 30 AMA to lay out the mechanics behind its Dogecoin mining rollout, with core tech lead Joetom outlining a three-phase mainnet transition that begins April 1. The shift matters because it is designed to move Qubic away from its current split between Monero-linked outsourced mining and AI training into a model where both activities run at full scale in parallel.

The presentation centered on what Qubic calls its internal “Doge Connect” architecture, a bridge that links external Scrypt miners to Qubic’s network while redirecting Qubic’s own CPU and GPU resources fully toward its AI initiative, Aigarth. Joetom said the system relies on a dispatcher that connects to pools, translates mining tasks between the Dogecoin and Qubic networks, validates shares, and feeds results back through Qubic’s infrastructure.

“So how does this work? We call it internally Dodge Connect,” he said. “We bridge basically the mining power from outside … with ASIC miners, we use the Scrypt algorithm and you can connect to any of the Qubic pools. So for you as a miner, nothing changes.”

That bridge is not limited to a single coin, at least in theory. Joetom said the task and messaging system was built generically enough that Qubic could support multiple chains or switch to other mineable assets later. For now, the focus is Dogecoin, with the longer-term goal of running Qubic’s AI research at full capacity while using outsourced mining as a revenue engine.

Qubic Starts Dogecoin Mining Transition

The rollout itself will happen in three stages, with each phase expected to last one to two weeks if testing goes as planned. Phase one begins on mainnet April 1 and is framed as a validation period, covering task distribution, solution handling, pool communications, and public statistics. During that phase, Qubic will reduce its current Monero “marathons” from three days per week to two, beginning a gradual shift away from XMR mining.

Joetom described the process as a controlled crossover rather than a hard cut. “We will reduce this starting with phase one to two days per week,” he said. “So they will basically cross each other and at the end of phase two the Monero stuff will be removed.”

By the final state, he said, the network is meant to reach “100% AI training and 100% outsourced mining.” In practice, that means Qubic’s CPUs and GPUs would be dedicated to Aigarth research, while Dogecoin mining would be handled externally by ASIC miners connected through Qubic pools.

Qubic “Doge Mining” AMA https://t.co/80Q03DL3M8

— Qubic (@_Qubic_) March 30, 2026

One of the more important economic details from the AMA was the payout model. Rather than distributing DOGE directly, Qubic plans to sell outsourced mining proceeds for stablecoins, use those funds to buy back Cubics, and then redistribute Cubics to miners. Joetom called the mechanism a “buyback” system and said the team expects it to make mining through Qubic more attractive than mining Dogecoin alone.

“We assume that we will see an acceleration for the DOGE revenue,” he said. “Meaning that the Qubic revenue when you mine DOGE via Qubic you will see approximately 10% more revenue than if you would go only for doge.”

The technical path also leans heavily on Qubic’s oracle infrastructure. Shares submitted through the network are validated internally, with oracle machines acting as the source of truth for whether a mined share is accepted. That makes the integration more than a simple mining proxy; it effectively routes Dogecoin-related work through Qubic’s own validation and accounting model.

For miners, the immediate takeaway is operational rather than conceptual. Joetom said older hardware such as Antminer L3 units can still participate, even if newer machines like the L9 offer stronger economics. Public testing is expected to open April 1, with connection details to be shared through Qubic’s Discord and pool operators.

At press time, DOGE traded at $0.09.