Bitcoin mass adoption by institutional investors has resumed, but global instability and the risk of rising US inflation put a lid on BTC’s breakouts above $70,000. Bitcoin’s (BTC) consolidation continued into Thursday as bulls struggled to keep hold of $70,000, and competing narratives on BTC’s market structure versus its increasing institutional adoption clashed with the bearish overarching factors negatively impacting US equity markets. Citing Bernstein’s $150,000 by the end of 2026 price estimate, Bloomberg analysts said that data shows institutional investors returning to the Bitcoin markets in droves, reinforcing the view that BTC had “reached a floor.” In early March, a week-long stretch of inflows to the spot Bitcoin ETFs nearly topped $1 billion, while Strategy purchased 22,237 BTC for $1.6 billion through its new perpetual preferred equity, Stretch (STRC). In addition to the success of STRC, Strategy also unveiled plans to raise capital to buy $44.1 billion in additional Bitcoin. Read more
The crypto exchange has previously been in the crosshairs of Japanese regulators for offering products and services without the proper registration. Japan’s watchdog overseeing many activities for cryptocurrency exchanges, has issued warning letters to companies including KuCoin for conducting certain operations without registering, according to a Thursday update from the Financial Services Agency (FSA). According to the agency’s latest list of entities “conducting financial instruments business without registration,” the FSA said platforms KuCoin, NeonFX, theoption, and GTCFX received a March notice for “soliciting over-the-counter (OTC) derivatives trading via the internet.” Of the four platforms, the FSA listed KuCoin, which is headquartered in the Seychelles, as offering services to Japanese residents, while the others have an international user base. The FSA issued a similar warning to KuCoin and other exchanges, including Bybit, in November 2024 for offering products and services to Japanese residents w...
The regulator views timestamps and onchain identifiers as tools to distinguish real media from synthetic content, while calling for a light-touch approach to regulating AI agents. Michael Selig, chair of the US Commodity Futures Trading Commission, said blockchain could play a key role in verifying AI-generated content, contending the technology can help distinguish authentic media from synthetic outputs as concerns over misinformation grow. During an appearance on The Pomp Podcast on Thursday, Selig was asked by host Anthony Pompliano about the use of AI-generated memes and images in markets, and whether intent matters or such content should be restricted altogether. He told Pompliano: He said regulators are focused on maintaining US leadership in crypto, adding that “you can’t have AI without blockchain.” Read more
TAO's price has rallied 160% in over a month, but is printing a familiar golden cross that has preceded massive price corrections in the past. The latest 160% rally in Bittensor (TAO) shows signs of exhaustion as it forms a golden-cross pattern on the chart that previously preceded steep corrections. Key takeaways: TAO prints a golden cross that has preceded 40% drawdown on average in the past. Read more
Brent crude oil, the global benchmark stands at about $107 per barrel at the time of writing. Onchain perpetual futures linked to real-world commodities like precious metals and oil have surged in trading volume, signaling an investor rotation from altcoins to commodity-linked digital assets, according to a report published Thursday by digital asset bank Sygnum. Trading volume for oil and precious metals perpetual futures markets on the Hyperliquid decentralized exchange (DEX) accounts for over 67% of HIP-3 contracts in Q1 2026, also known as “Builder-Deployed Perpetuals,” on the Hyperliquid platform, according to the report. Previously, indexes accounted for about 90% of HIP-3 trading activity, but this has fallen to about 17%, according to Sygnum. Read more
Aimed at fighting organized crime groups, the new law allows confiscated assets including crypto to be used for ”police re-equipment, training, and special operations.” Brazil’s public security agencies have a new weapon for fighting organized crime after national legislators approved a measure allowing them to use confiscated cryptocurrency in their efforts. On Wednesday, Brazil’s legislative branch published Law No. 15.358, establishing a legal framework for combating organized crime. The law allows authorities to prohibit transactions on crypto exchanges by treating digital assets as instruments in a crime, and confiscate crypto to be used to fund public security. “For the purposes of forfeiture of assets, any asset that has been used to commit a crime shall be considered an instrument of the crime, even if it was not intended exclusively for that purpose,” said a translation of the law, which included: Read more