Quick Summary: Bitcoin has fallen roughly 50% this cycle, well below the 80–90% drops seen in prior cycles, signaling a maturing market, Fidelity Digital Assets says. Fidelity Digital Assets research analyst Zack Wainwright says that Bitcoin’s decline this market cycle has been notably smaller than in previous cycles. Historically, Bitcoin has fallen between 80% and 90% from its all-time highs, but the current cycle has seen a drawdown of only around 50%. Wainwright made the observation on Tuesday, noting a broader pattern of diminishing swings from cycle to cycle.Wainwright described the trend as one of reducing extremes in both directions.…
Author:
Quick Summary: CFTC enforcement director David Miller warns that insider traders in prediction markets will face prosecution as the industry surpasses $20 billion in monthly volume. The top enforcement official at the US Commodity Futures Trading Commission has issued a direct warning to those engaging in insider trading on prediction markets, stating that the agency is actively monitoring suspicious activity. David Miller, the CFTC’s enforcement director, made the remarks at a panel hosted by New York University on Tuesday. Miller, a former federal prosecutor who assumed the role on March 2, told attendees that violators will face enforcement action.Miller was…
Quick Summary: Asian stocks and U.S. futures surged after Trump promised an ‘important update’ on Iran and predicted the conflict could end within weeks. Asian stock markets and U.S. equity futures rallied sharply following remarks by President Trump, who announced he would deliver an important update on Iran and predicted the ongoing conflict could conclude within weeks. The comments injected a wave of cautious optimism into global markets, which had been closely monitoring developments in the region. Investors responded swiftly, pushing equities higher across multiple trading sessions in Asia.Oil prices also rebounded amid reports that the United Arab Emirates is…
Quick Summary: MercadoLibre is discontinuing its Mercado Coin loyalty token, requiring users to spend or sell balances before April 17 or face conversion to Brazilian reals. MercadoLibre, the Latin American e-commerce platform often referred to as the “Amazon of Latin America,” is winding down its loyalty cryptocurrency Mercado Coin, which it launched in August 2022. According to a Reuters report, users must sell or spend their Mercado Coin balances through the Mercado Pago app before April 17. Any balances remaining after that deadline will be automatically converted to Brazilian reals. Brazil has served as the primary market for the token…
Quick Summary: XRP trades around $1.34 after 7.03 billion tokens left exchanges in February, compressing supply even as sellers cap price rallies. XRP is currently trading near $1.34 following a modest gain, even as market dynamics point to a tightening of available supply. Approximately 7.03 billion tokens departed exchanges during February, reducing the amount of XRP readily accessible for trading. Despite this contraction in circulating supply, price movement has remained relatively subdued.Trading volume is running about 29 percent above its weekly average, suggesting elevated market participation. However, repeated attempts to push the price above the $1.34 to $1.35 range have…
Quick Summary: Caltech researchers propose a new error-correction method that could make functional quantum computers possible with as few as 10,000 qubits. Researchers at the California Institute of Technology have put forward a theory suggesting that a fully functional quantum computer may require significantly fewer qubits than previously believed, potentially making such a machine deployable before the end of the decade. Working alongside Oratomic, a startup linked to the institution, the team argues that by substantially reducing the errors common in today’s early-stage quantum systems, a working machine could be built with between 10,000 and 20,000 qubits. This marks a…
Quick Summary: Moody’s has given New Hampshire’s pioneering Bitcoin-backed municipal bond a provisional Ba2 speculative-grade rating, citing Bitcoin’s price volatility. New Hampshire’s first-of-its-kind Bitcoin-backed municipal bond has moved closer to launch after Moody’s Investors Service assigned it a provisional credit rating on Tuesday. The agency gave the project a provisional Ba2 rating, placing it within the speculative grade category and indicating that the bonds carry substantial credit risk. A provisional rating means Moody’s has reviewed the necessary documentation but is still awaiting certain final legal materials before issuing a definitive judgment.The rating is considered a significant milestone for the proposed…
Quick Summary: Bitcoin remains 21% above its realized price, with on-chain data showing no capitulation or institutional demand surge to confirm a cycle bottom. Bitcoin continues to trade approximately 21 percent above its realized price, a metric that reflects the average cost basis of all coins based on their last on-chain movement. This gap indicates that the majority of current holders remain in profit. However, analysts note that this level does not yet correspond to the classic long-term accumulation zones seen in previous market cycles. Historically, such zones have formed when spot prices converge much more closely with the realized…
Quick Summary: Hong Kong has missed its March deadline to issue stablecoin licenses, with the Monetary Authority yet to approve any applications. The Hong Kong Monetary Authority has failed to meet its self-imposed March deadline for issuing licenses to Hong Kong dollar stablecoin issuers, with no applications approved as of the deadline’s passing. Officials had previously assured the public that licenses would begin to be granted in March, making the delay a notable setback. The development raises questions about the pace at which Hong Kong’s stablecoin regulatory framework will move from policy into practice.The licensing regime was designed to bring…
Quick Summary: Bitfarms shares rose 6.6% despite a $284.5 million net loss in 2025, as the company announces a full pivot away from Bitcoin mining toward AI and HPC. Bitfarms (BITF) shares gained 6.64% on Tuesday, closing at 2.73 Canadian dollars ($1.96), even as the company reported a widened net loss of $284.5 million for the full year 2025. The results reflected a difficult environment for Bitcoin miners, with declining coin prices and rising operational costs weighing heavily on the business. Despite the losses, investors appeared encouraged by the company’s strategic shift toward artificial intelligence and high-performance computing infrastructure.Full-year revenue…
