The stablecoin issuer was accused of freezing 16 hot wallets linked to operating businesses, including crypto exchanges and online casinos. Stablecoin issuer Circle, the company behind the USDC (USDC) dollar-pegged token, wrongfully froze 16 wallets in connection with an ongoing civil legal case in the United States, according to onchain investigator and security researcher ZachXBT. The wallets in question belonged to crypto exchanges, online casinos and foreign currency exchange businesses, which “do not appear related at all,” ZachXBT said. “An analyst with basic tools could have identified, within minutes, that these were operational business wallets from the thousands of transactions they process,” he said Read more
The number of Ether staked continues to rise while ETH outflows from exchanges are increasing. Will the phenomenon have a positive or negative impact on ETH price? Ether’s (ETH) liquid supply on the Ethereum network continues to tighten, with exchange netflows, rising staking participation, and declining exchange reserves all pointing to a shrinking pool of readily available tokens. Analysts suggest this supply contraction may mark the early stages of a “new phase,” potentially establishing a stronger structural price floor for ETH in the market cycles ahead. Ethereum’s staking share continues to rise, with about 38.1 million ETH locked on Wednesday, equal to roughly 33.1% of the total supply. Staking infrastructure provider Everstake noted that this is the highest level recorded, marking a steady shift toward illiquid capital rather than tradable inventory. The staking platform said, Read more
Industry executives told US lawmakers that existing investor protection and financial surveillance regulations should apply to tokenized securities. Crypto industry executives on Wednesday told the US House of Representatives Committee on Financial Services that existing investor protections and financial surveillance regulations should apply to tokenized securities. The hearing was held as legislators consider the Capital Markets Technology Modernization Act of 2026 and are exploring the impact of asset tokenization on capital markets and the “need to balance innovation with investor protection and market integrity,” according to a statement by panel chairman, Representative French Hill. Tokenized real-world assets (RWA), traditional financial instruments represented by tokens on blockchain networks, reduce transaction costs and settlement times, Summer Mersinger, CEO of crypto advocacy organization Blockchain Association, told the committee. Read more
Bitcoin charts point to a possible rally to $80,000, but spot volumes need to increase in order for the rally to hold. Bitcoin (BTC) is testing the $71,500 pivot, a key level across multiple timeframes and analysts noted that price action is tilted toward a possible rally to $80,000. As traders remain split between futures-driven speculation and weak spot demand, Bitcoin has tested the $71,500 inflection point four times in the past seven days. A positive is that the price has held above the 50-period exponential moving average (EMA) on the four-hour chart, but the 50-day EMA on the daily chart continues to act as a level of resistance. Crypto trader Skew described the position as a “compression zone,” where the tightening price range and trading may lead to a strong directional move. Read more
Available initially to non-US investors, the funds will offer onchain exposure to equities, bonds and gold through crypto wallets. Franklin Templeton is teaming with Ondo Finance to bring tokenized versions of its exchange-traded funds onchain, allowing investors to access them through crypto wallets. The partnership opens a new distribution channel beyond brokerage accounts as asset managers experiment with blockchain-based delivery and 24/7 market access. The tie-up was first reported by Bloomberg and later confirmed by Ondo on X. The products will initially be available across Europe, Asia-Pacific, the Middle East and Latin America, with US access dependent on regulatory clarity. Read more
Bitcoin bulls are attempting to seize control of the market, but they are expected to face strong resistance in the $72,000 to $74,500 zone. Bitcoin (BTC) continues to face significant resistance at the $72,000 level, but the bulls have kept up the pressure. Trader Daan Crypto Trades said in a post on X that BTC will have to cross and stay above the $72,000 resistance area to “test the $80Ks again.” Markets tend to hate uncertainty, but BTC’s resilience since the start of the US and Israel-Iran war shows that traders are not keen to sell at lower levels. CryptoQuant analyst Darkfost said in a post on X that March has mostly recorded BTC outflows from crypto exchanges. Although the demand is not sufficient to start a new uptrend, it does signal accumulation by investors. One of the reasons for accumulation could be that investors believe BTC is in value territory. Capriole Investments founder Charles Edwards said in a post on X that BTC is in deep value when the BTC Yardstick metric is considered. In February,...