Author: Tristan Lodenberg

VanEck’s latest report shows that selling by long-term bitcoin holders has slowed, indicating a “potentially constructive signal” for the cryptocurrency market. Transfer volumes declined month-over-month across all age cohorts, reflecting reduced distribution pressure from experienced participants. Despite tighter profitability, bitcoin miner selling remained steady. Total miner revenues fell 11% month-over-month, while mining equities declined 7%. Outflows to exchanges rose only 1% in BTC terms, suggesting miners are preserving reserves rather than liquidating aggressively. Aggregate miner balances, excluding wallets attributed to Satoshi Nakamoto, stood at roughly 684,000 BTC, with 164,000 new BTC mined during the same period. Industry Shifts Toward AI…

Morgan Stanley has submitted a second amendment to its S-1 registration statement for a spot bitcoin ETF, confirming that the Morgan Stanley Bitcoin Trust will list on NYSE Arca under the ticker MSBT. Fund Details and Custody Arrangements The filing includes specifics on the fund’s structure, including a basket size of 10,000 shares and an initial seed basket of 50,000 shares expected to raise about $1 million. The bank purchased two shares on March 9 for auditing purposes. BNY Mellon will act as cash custodian, administrator, and transfer agent, while Coinbase will serve as prime broker for the ETF’s bitcoin…

Oil market volatility linked to the Iran conflict is pushing traders toward decentralized exchanges, with Hyperliquid emerging as a key venue for round-the-clock trading. 24/7 Oil Trading Attracts Global Investors As traditional markets like CME close on weekends, traders have turned to perpetual futures on Hyperliquid to maintain exposure. These contracts, which have no expiry, allow continuous trading and use funding rates to track spot prices. During recent geopolitical shocks, this uninterrupted access enabled price discovery when conventional platforms were unavailable. HYPE token is up roughly 25% year to date, outperforming much of the broader crypto market. Trading Volume and…

U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) reported notable net outflows on March 19, reflecting cautious investor sentiment across digital asset markets. Bitcoin ETF Outflows and Key Inflows Spot Bitcoin ETFs recorded a total net outflow of $90.19 million. Despite the overall decline, some funds still attracted capital. Grayscale’s BTC Mini Trust led inflows among Bitcoin ETFs, bringing in $4.66 million, indicating selective investor interest even during broader withdrawals. Ethereum ETF Outflows Continue Ethereum ETFs experienced heavier pressure, with total net outflows reaching $136 million. However, BlackRock’s Staked ETH ETF (ETHB) stood out by recording $7.72 million in inflows,…

Bitcoin’s recent price action is mirroring the November–January pattern that preceded its drop from roughly $90,000 to nearly $60,000. Technical analysts note that the current counter-trend recovery a weak, choppy bounce within a broader downtrend—signals limited strength among the “buy the dip” crowd. Narrow Trading Range and Bullish Exhaustion Since early February, bitcoin has traded within a narrow upward-tilted channel, similar to the setup seen in late 2025. The previous pattern saw a short-lived bounce followed by a sharp breakdown below the support floor, triggering a steep sell-off. The present relief rally lacks explosive momentum, suggesting bullish exhaustion and a…

The World Gold Council, in collaboration with Boston Consulting Group, has released a new framework to modernize gold in digital finance. The initiative, titled “Gold as a Service,” aims to connect physical gold custody with digital systems for issuing and managing tokenized gold products. Standardizing Tokenized Gold Operations The platform seeks to standardize critical market processes, including custody coordination, reconciliation, compliance, and redemption. By reducing operational complexity, it promises improved access and greater consistency across tokenized gold products. Key features include fungibility, embedded audits, interoperability with financial systems, and enhanced liquidity for lending and borrowing. Institutional Adoption and Market Impact…

Coinbase has introduced stock perpetual futures for eligible non U.S. users, providing 24/7 leveraged synthetic exposure to major U.S. equities. The launch marks a key step in the company’s strategy to build an “everything exchange,” integrating crypto, traditional assets, and tokenized markets. Round-the-Clock Equity Exposure The new perpetual futures allow traders to maintain continuous positions in equities, unlike traditional U.S. stock markets, which have limited trading hours. At launch, the offering covers seven liquid stocks—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla along with ETFs tied to the S&P 500 and Nasdaq-100. Contracts offer up to 10x leverage on individual…

A recent Ripple survey of over 1,000 global finance leaders indicates digital assets are now a strategic necessity for banks, fintechs, and corporates rather than optional experiments. Seventy percent of respondents said companies must provide digital asset solutions to remain competitive. Stablecoins, digital tokens pegged to fiat currencies like the U.S. dollar, emerged as the most valuable tool. About 74% of finance leaders highlighted stablecoins’ role in improving cash-flow efficiency and unlocking working capital, making them a key component of treasury operations. Fintechs Lead Digital Asset Adoption Fintech firms are ahead in digital asset implementation, with 31% using stablecoins to…

A federal appeals court has denied Kalshi’s emergency request to block Nevada state enforcement, clearing the way for a temporary restraining order (TRO) against the prediction market platform. The decision allows Nevada regulators to prevent Kalshi from offering sports event contracts in the state. Temporary Restriction and Legal Implications Gaming lawyer Daniel Wallach said the TRO appears imminent and would require Kalshi to cease operations in Nevada for at least 14 days until a preliminary injunction hearing. Under Nevada law, a TRO cannot be appealed, meaning Kalshi must exit the state during this period. The Nevada Gaming Control Board issued…

Crypto exchange Gemini is facing a class-action lawsuit in New York, where shareholders allege the company misled investors during and after its September initial public offering. The complaint claims IPO documents presented Gemini as a growth-focused exchange expanding globally, while failing to disclose plans for a major strategic shift. Prediction Market Pivot Raises Concerns According to the filing, Gemini later pivoted toward a prediction-market-focused model, branded as “Gemini 2.0.” This transition, announced months after the IPO, is cited as a key factor behind investor losses. Plaintiffs argue that the exchange’s earlier messaging emphasized user growth and international expansion, creating expectations…