Month: March 2026

Circle Drop Overdone As Clarity Act Aims As Yield Distribution: Bernstein

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Circle’s shares sell-off on Tuesday may have been overdone as investors failed to see that the stablecoin issuer’s core business model remains unaffected by the proposed CLARITY Act, analysts at Bernstein said on Wednesday. In a note to clients, Bernstein analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra said markets are conflating “who earns yield” with “who distributes yield.” “Circle earns. Coinbase distributes,” the analysts wrote, noting that the draft legislation primarily targets the distribution of yield to users — not the underlying reserve income earned by issuers…

These 4 Bitcoin Onchain Metrics Point to ‘Weaker Demand’ for BTC

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Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions. Bitcoin whale transaction count hits multi-year lows, as smart money waits for policy and geopolitical clarity. Bitcoin’s hash rate fell sharply amid rising energy costs, increasing chances of miner capitulation. Bitcoin investors “shift to distribution” Bitcoin investors have are increasingly risk-off, distributing their BTC holdings amid the recent…

Bitwise CIO Matt Hougan says Circle could reach $75B by 2030 despite recent selloff

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Bitwise CIO Matt Hougan said Circle could reach a valuation of roughly $75 billion by 2030, laying out a long-term framework that focuses on stablecoin adoption rather than short-term regulatory noise. In his weekly memo, Hougan framed Circle’s value around three variables: the size of the stablecoin market, USDC’s market share, and the company’s long-term margins. Using what he described as conservative assumptions, he modeled a $1.9 trillion stablecoin market by the end of the decade, with Circle maintaining a 25% share and generating a 0.8% margin after distribution costs.…

Why Argentina Is Blocking Polymarket Despite Its Global Growth

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Key takeaways Argentina’s nationwide ban on Polymarket shows that rapid global growth does not shield platforms from local regulation, especially when their core activity resembles unlicensed gambling. Authorities applied an “economic reality” approach, focusing on user behavior rather than the technology, and concluded that staking money on uncertain outcomes aligns with traditional definitions of gambling. Weak identity and age verification measures were a major concern, with regulators highlighting the risks of underage participation and inadequate user safeguards as justification for enforcement. Polymarket’s inflation-related markets intensified scrutiny in Argentina, raising fears…

Trump taps Meta, Nvidia, and a16z leaders for new tech council

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President Donald Trump is bringing Big Tech into the policy room, tapping 13 leaders in American technology onto his President’s Council of Advisors on Science and Technology (PCAST). According to a White House press release, the group includes Marc Andreessen (Andreessen Horowitz), Sergey Brin (Google), Safra Catz (Oracle), Michael Dell (Dell Technologies), Jacob DeWitte (Oklo), Fred Ehrsam (Coinbase co-founder), Larry Ellison (Oracle), David Friedberg (Ohalo Genetics), Jensen Huang (Nvidia), John Martinis (Google Quantum AI), Bob Mumgaard (Commonwealth Fusion Systems), Lisa Su (AMD), and Mark Zuckerberg (Meta). Co-chaired by David Sacks…

Decentralized Crowdfunding Can Boost Artists During Market Downturn

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Opinion by: Joshua Kim, CEO and founder of DonaFi. Traditional crowdfunding has always been pitched as a lifeline for creators. For non-fungible token (NFT) artists, most centralized models feel out of sync with reality. Fees are high, visibility is inconsistent and platforms increasingly optimize for momentum rather than need. During a market downturn, when liquidity dries up dramatically, the deck is stacked even higher against artists. Decentralized crowdfunding ensures a more direct, transparent capital flow onchain from collectors who care about art, as opposed to quick flips. The recent effort…

Coinbase teams with Chainlink to bring exchange data onchain for first time

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Coinbase has partnered with Chainlink to bring its exchange market data onchain via DataLink, the companies announced Wednesday. DataLink is a data publishing platform that enables financial institutions to publish trusted datasets directly to blockchains in a simple, scalable, and secure way. According to Chainlink, it offers builders faster time-to-market, simplified integration, and access to institutional-grade datasets. The integration is the debut of Coinbase publishing its internal market data on public blockchain networks. “The Chainlink data standard is battle-tested, institutional-grade infrastructure, making it the clear choice for bringing Coinbase’s market…

Bitcoin Faces a $72,000 Resistance Hurdle After Retesting Its 50-day Trend

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Bitcoin traders agreed that BTC price action needed to retake $72,000 to open up the odds of further upside as gold and US stocks gained. Bitcoin (BTC) returned to $72,000 on Wednesday as gold continued its rebound from four-month lows. Key points: Bitcoin price performs a support retest of its 50-day moving average before hitting $72,000. Seller interest makes the area above the day’s high of key importance going forward. Gold and US stocks combine with crypto to seek further relief. Bitcoin traders: BTC price needs to clear $72,000 Data…

Bitpanda Unveils Vision Chain for Regulated Tokenized Assets in Europe

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Bitpanda said Wednesday it is building Vision Chain, an Ethereum layer-2 that the Vienna-based broker said is aimed at helping European banks and fintechs issue and manage tokenized assets using infrastructure designed for compatibility with the European Union’s Markets in Crypto Assets Regulation (MiCA) and the Markets in Financial Instruments Directive (MiFID) II. Bitpanda is pitching Vision Chain as a layer-2 for tokenized assets, combining Optimism’s OP Stack with institutional custody and compliance tooling so that regulated companies in Europe can tokenize and trade traditional assets such as stocks, bonds…

Company Partnering with Marshall Islands to Boose Digital Sovereign Bond

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The company behind the Republic of the Marshall Islands’ universal basic income (UBI) program using a US dollar-pegged sovereign financial instrument has attracted some significant crypto-tied backers. In a Tuesday notice shared exclusively with Cointelegraph, M1X Global announced that it had launched following a $3 million angel investment round by current and former executives connected to crypto and financial services companies. According to the company, the funding will support the development and adoption of the USDM1 digital sovereign bond which allows citizens of the Republic of the Marshall Islands to…