Day: March 11, 2026

Bitcoin Could Hit $1M if it Tracks Gold

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Bitcoin needs to make up just one-sixth of the global “store of value” market, currently dominated by gold, to reach $1 million per coin, argues Bitwise chief investment officer Matt Hougan. In a blog post on Tuesday, Hougan said that most dismiss the lofty forecast for Bitcoin, as it would require Bitcoin to muscle into 50% of gold’s current market value. However, Hougan said the “mistake” most people are making is ignoring the growth of gold and the broader “store of value” market. Gold’s market cap has grown at around…

Oil shock rattles risk appetite as Iran-China crude pipeline stays open

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Here’s the thing about oil: when tankers start disappearing from tracking systems in one of the world’s most important shipping lanes, it tends to make investors nervous about everything — including crypto. Iran has moved 11.7 million barrels of crude oil to China since the current conflict escalated, even as global sanctions pressure mounts. Meanwhile, Bitcoin is holding near $70K with white knuckles, and the broader crypto market is soaking in what the Fear and Greed Index calls “Extreme Fear.” Tankers going dark, supply lines getting squeezed Multiple oil tankers…

Ripple to acquire BC Payments to accelerate growth in APAC region

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Ripple has announced plans to secure an Australian Financial Services License (AFSL) through the proposed acquisition of BC Payments, the Australian subsidiary of European-based payments and fintech infrastructure provider Banking Circle. The move is part of Ripple’s strategy to expand regulated operations in the Asia Pacific. BC Payments, launched in 2023, provides fintechs and banks with solutions for cross-border payments and global growth. The service targets challenges faced by local high-growth firms, including restricted access to clearing, settlement, and international payment rails. The AFSL will allow the firm to enhance…

Crypto is Just Finance on Different Infrastructure: ASIC

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Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief of Australia’s securities regulator. In a paper presented at the Melbourne Money & Finance Conference on Wednesday, Australian Securities and Investments Commission’s (ASIC’s) head of fintech, Rhys Bollen, said crypto should be regulated on “economic substance rather than technological form.” Tokenized securities should fall within securities laws, and stablecoins should trigger payment services legislation, Bollen said, while noting that other…

Solana (SOL) Rejected Near $90, Downtrend Threat Reappears

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Solana failed to settle above $90 and trimmed some gains. SOL price is now consolidating above $85 and showing a few bearish signs. SOL price started a decent recovery wave above $82 and $85 against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $85.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $88 and $90.…

XRP Price its Wall at $1.45, Downside Risks Begin Building

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Aave users lose $26M after wstETH oracle misconfiguration triggers liquidations

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A configuration incident in Aave’s oracle system triggered approximately $26 million worth of liquidations after the protocol briefly priced wstETH about 2.85% below its actual exchange rate. The discrepancy caused some leveraged borrowers’ positions to appear undercollateralized, leading to automatic liquidations, according to a new report from Chaos Labs. The problem came from a mismatch between the snapshot ratio and the snapshot timestamp, the two parameters in Aave’s CAPO oracle system. The offchain system intended to update the snapshot ratio to reflect the exchange rate from seven days earlier, but…

AI Will Boost Jobs With Infrastructure Buildout: Huang

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Artificial intelligence won’t be the large-scale job-taker as feared, as the tech needs workers to build and then maintain the trillions of dollars worth of infrastructure for it to run, says Nvidia founder Jensen Huang. Huang argued in a blog post on Tuesday that AI has become “essential infrastructure, like electricity and the internet,” and the facilities that make the chips, build computers and eventually house AI are “becoming the largest infrastructure buildout in human history.” “We have only just begun this buildout. We are a few hundred billion dollars…

Ethereum Price Rejected Again, Market Watches Key Support Closely

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Ethereum price started a recovery wave above the $2,000 zone. ETH is now struggling to clear $2,090 and remains at risk of another decline in the near term. Ethereum started a recovery wave above the $2,000 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is an expanding triangle forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,090 zone. Ethereum Price Trims Some Gains Ethereum price…

Bitcoin Sentiment Flipped to FOMO After Rebounding Above $70K

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Social media sentiment over Bitcoin has shifted back to optimism as Bitcoin recovered to over $70,000 on Tuesday, driven by US President Donald Trump’s recent comments that the war with Iran could be nearing an end. In an X post on Tuesday, market intelligence platform Santiment shared data that shows the number of positive social media discussions has been steadily increasing after tanking on Monday. “Across X, Reddit, Telegram, and other crypto-related discussions, the crowd is encouraged by Trump’s comments that the war may soon end, and oil prices reversing…