World Foundation sells $65 million in WLD at a steep discount as the token hits record lows, with more supply set to enter the market. Sam Altman’s World Foundation has raised $65 million through an over-the-counter (OTC) sale of its WLD token, which has hit new record lows. In a Saturday post on X, the foundation said its token issuance arm, World Assets, completed the sale to four counterparties over the past week, with the first tranche settling on March 20. The transactions were priced at an average of roughly $0.27 per token, suggesting that around 239 million Worldcoin (WLD) changed hands. “This sale funds the project’s core operations and activities, R&D, orb manufacturing, ecosystem development, and more,” World Foundation wrote on X. Read more
Institutions pay custodians for illusory safety. Bitcoin's onchain governance eliminates counterparty risk that traditional models reintroduce. Opinion by: Kevin Loaec, CEO of Wizardsardine For decades, institutions have followed a familiar pattern when managing assets. They choose a large, regulated custodian. Then, institutions transfer responsibility. Institutions rely on the assumption that scale, compliance and insurance equate to safety. In traditional finance, this approach holds. Transactions are reversible, central banks provide backstops and regulators can intervene. When something breaks, there are mechanisms to absorb, unwind or redistribute the damage. Read more
Polymarket traders now see a real risk of ETH losing its number-two crypto ranking in 2026, with odds jumping from 17% to over 59% this year. Ether’s (ETH) grip on the cryptocurrency market’s number-two spot is weakening, not because it is getting any closer to overtaking Bitcoin (BTC), but because the stablecoin economy is booming. Key takeaways: Ether’s hold on crypto’s number-two spot weakens as Tether’s growth accelerates. Read more
Rising oil and gold volumes signal growing demand for onchain macro trading, but limited liquidity and depth still keep traditional markets in control. Onchain commodity trading is proving it’s more than a short-term spike, but limited liquidity continues to hold the market back from competing with traditional venues. Hyperliquid’s HIP-3 market recorded a new all-time high on March 23, with roughly $5.4 billion in perpetual futures volume across commodities and macro assets. Silver led the activity at $1.3 billion, followed by WTI crude oil at $1.2 billion, Brent crude at $940 million and gold at $558 million. Equity indices, including the Nasdaq and S&P 500, also saw notable volumes. Industry participants say the spike shows growing demand for macro exposure onchain. “Previously, onchain commodity futures were mostly a venue for crypto-native investors, that is no longer the whole story,” said Iggy Ioppe, chief investment officer at Theo. “The real tell is not just the volume, it’s when the volume shows up a...
Crypto ETN adoption is spreading across Europe as banks expand offerings and the UK reopens retail access after lifting its ban. French multinational universal bank BNP Paribas is expanding its investment offering to include six crypto-linked exchange-traded notes (ETNs), giving retail clients in France access to Bitcoin and Ether exposure through regulated products. The new ETNs, indexed to the price of Bitcoin (BTC) and Ether (ETH), will be available from Monday via standard securities accounts, according to the company. The products are open to individual investors, entrepreneurs, private banking clients and users of the bank’s digital platform, Hello bank!. The rollout may later extend to wealth management clients outside France. Unlike direct crypto purchases, ETNs allow investors to track the performance of digital assets without holding them. ETNs have credit risk (if the bank fails, you lose money), no tracking error and tax advantages. Read more
The CLARITY Act stalled in the Senate after banks, crypto firms, and lawmakers failed to reach an agreement on key provisions like allowing stablecoin yields. Failing to pass the crypto market structure bill known as the CLARITY Act could leave the door open for a less industry-friendly future US government to crack down on crypto, according to Coin Center executive director Peter Van Valkenburgh. In an X post on Friday, Van Valkenburgh argued that rejecting developer protections in legislation like the CLARITY Act and the Blockchain Regulatory Certainty Act in favor of “short-term business interests” and the “continued goodwill of those in charge” could lead to a “grim” future for the industry. “The point of passing CLARITY is not to trust this administration. It is to bind the next one,” he said, adding that “A world without CLARITY’s statutory protections for developers is a world governed by prosecutorial discretion, political fashion, and fear.” Read more
A similar bill was proposed in 2024 but it failed to advance past the second reading in the House of Commons and ultimately died before it could become law. Canada’s federal government has proposed a total ban on cryptocurrency donations to political parties, citing concerns that foreign entities could exploit the technology to interfere in elections. Known as the Strong and Free Elections Act, the bill was introduced on Thursday and proposes to amend the Canada Elections Act to prohibit political parties and third parties involved in the election process from accepting donations in crypto, money orders and prepaid cards to prevent anonymous and “hard to trace contributions.” The bill's sponsor, Steven MacKinnon, the government House leader, said in an X statement on Thursday that the measures are intended to block foreign interference and other threats to elections. Read more