bitcoinist.com

The National Policy Committee of Korea pushed the “second‑phase” crypto act debate until after the June 3 local elections.

Crypto Framework Postponed In A Time Of Need

The Korean outlet Maeil Business Newspaper reported uncertainty in the crypto industry deepening after the National Policy Committee excluded the Framework Act on Digital Assets from the 31st of March agenda.

Lawmakers sent five finance-related bills to the subcommittee that day: the Framework Act on Administrative Regulation, the Credit Information Protection Act, the Microfinance Support Act, the Insurance Business Act, and the Capital Markets Act. Not a single bill related to crypto was included, but the Political Affairs Committee’s plenary session received Representative Kim Nam-geun’s “Partial Amendment to the Act on the Protection of Virtual Asset Users, etc.” and forwarded it to the Bill Review Subcommittee.

Lawmakers opted to park the second‑phase bill during a sensitive election window rather than ram through divisive provisions on banks and exchange tycoons, which have become “core landmines” in the legislative process. Speculation in Korean political coverage suggest that the presidential office and the Financial Services Commission (FSC) are not fully aligned on how far to push ownership caps and how tightly to ring‑fence stablecoin issuance, adding to the deadlock narrative.

The proposed crypto framework comes at a time of major importance, as the aforementioned political disagreements also happen to be the two key fights occurring between major players in the Korean cryptocurrency and financial industry.

The Stablecoins Fight

South Korea has recently seen a tug‑of‑war between The Bank of Korea and the FSC over who gets to issue won‑denominated stablecoins.

The BOK is pushing for a bank‑led consortium model where commercial banks must hold at least 51% of any issuer of won‑denominated stablecoins. Bitcoinist reported this on October last year.

The FSC, however, accepts that stablecoins need strict safeguards but opposes a hard 51% bank‑ownership rule, warning it would lock out tech platforms, fintechs and exchanges that actually build the user‑facing products.

These stablecoin-issuers rules are to be hard‑wired under the Digital Asset Basic Act, so every month of delay leaves existing and would‑be KRW stablecoin issuers operating in a gray zone or stuck on the sidelines. According to local outlet Aju Economy, this is a real and concerning issue for the industry. They reported on and industry insider lament:

We need the bill to be finalized quickly to determine our business direction, but currently, we are keeping all possibilities open, which is only increasing the cost burden.

The Equity-Cap Fight

The FSC has been backing proposals to treat big crypto exchanges more like securities or ATS‑style markets, where no single “same person” can own beyond roughly 15–20% in principle. After heavy pushback, regulators and the ruling party have coalesced around a 20% ceiling for “major shareholders”, with a narrow exception that allows stakes up to 34% for new entrants, mirroring the 33.3% veto line in Korea’s Commercial Act. Bitcoinist covered the story at the beginning of the past month.

For existing giants like Upbit and Bithumb, this is a post‑facto rule. Founders and early backers already hold stakes well above 20%, so a hard cap would force them to sell down significant portions of their equity over a three‑year transition (six years for some smaller exchanges). This could potentially disrupt ongoing M&A and reshape control of the local market.

What This Means For The Market

South Korea seems ready to move from ad‑hoc crackdowns to a comprehensive crypto regime. This delay comes on top of recent moves from Seoul to step up oversight with strategies such as AI surveillance, manipulation probes and tax tracking, and to loosen some restrictions, like easing earlier exchange‑stake proposals and reconsidering corporate crypto trading.

Near term, rule uncertainty around KRW stablecoins and exchange ownership could keep Korean venues’ risk premia high and make local listing or market‑making plans harder to model. Post‑election, a bank‑heavy stablecoin framework plus tighter governance rules could favor well‑capitalized incumbents and banks over smaller, high‑beta platforms. This could reshape liquidity and altcoin listings.

Lawmakers watering down ownership caps or opening up stablecoin issuance beyond banks would be a clear risk‑on signal for KRW‑denominated products and for global firms eyeing Korea’s retail base.

Cover image from Perplexity. BTCUSDT chart from Tradingview.

Taiwan’s justice ministry is sitting on 210 Bitcoin, seized from criminals and worth roughly $14 million. Most governments would treat that as a footnote. The Bitcoin Policy Institute thinks it should be a starting point.

A Case Built On Worst-Case Scenarios

In a report published Tuesday, BPI research fellow Jacob Langenkamp made the case that Taiwan should build a national Bitcoin reserve — not mainly as a financial play, but as protection against the possibility of a Chinese military blockade or invasion.

His argument is simple: if China cuts Taiwan off, gold cannot be moved and dollar reserves can be frozen. Bitcoin, he wrote, requires no physical transport and remains accessible regardless of what happens on the ground.

Taiwan’s central bank had already looked at the idea and walked away from it. In December, the bank concluded that Bitcoin was too volatile, too hard to store safely, and too thin in liquidity to serve as a reserve asset.

It pointed to the US dollar as the more sensible option. Langenkamp acknowledged those concerns are real — but argued they can be solved with the right institutional know-how on custody and risk management.

The Dollar Problem Analysts Say Taiwan Is Ignoring

The report’s broader warning centers on how exposed Taiwan already is to the US dollar. At least 80% of the central bank’s reserves are held in dollar-denominated assets, and most of its trade runs through the same currency.

Langenkamp listed several pressures that could erode the dollar’s value over time — rising US government debt, Federal Reserve money expansion, a possible downturn in AI-sector valuations, and shrinking semiconductor revenues.

Bitcoin, he argued, could pair with gold to offer a buffer against those risks, giving Taiwan’s central bank a hedge before other countries make the same move.

Taiwan’s central bank did not fully close the door after its December decision. Officials said the bank would continue testing digital asset technology through a sandbox program, using crypto the country already holds.

The Numbers Behind Taiwan’s Existing Holdings

The 210 Bitcoin figure came from lawmaker Ko Ju-Chun, who disclosed it on social media last year. According to data from crypto treasury tracker BitBo, those holdings — if officially counted — would rank Taiwan seventh among nations holding Bitcoin, just behind El Salvador and ahead of Finland. The country is not currently listed in BitBo’s national reserve rankings.

Whether Taiwan’s government acts on the BPI report remains to be seen. The think tank has no formal role in Taiwanese policy, and the central bank’s position has not changed.

But the report adds a new dimension to the global debate over Bitcoin as a state-level asset — one that goes beyond economics and into the question of what a country does when access to its own money is at risk.

Featured image from Unsplash, chart from TradingView

Bitcoin is trying to hold $66,000. The market is bracing for volatility. And the on-chain data entering April tells a story of sustained, intensifying pain — with one critical detail that changes how that pain should be interpreted.

Analyst Axel Adler has published on-chain findings that place the current Bitcoin environment in precise historical context. The 7-day moving average of Net Realized Profit and Loss has reached -$410 million as of early April — a deterioration of $154 million in a single week. That acceleration matters as much as the level: loss-selling pressure is not holding steady; it is deepening. Across March and into April, the metric has remained in sustained negative territory, confirming that sellers are consistently exiting positions below their cost basis.

The quarter’s range tells the full story of the reversal. On January 19th, the same metric registered +$394 million — net profit-taking at scale. By February 7th it had collapsed to -$1.99 billion, the deepest single reading of Q1. The current -$410 million represents a re-intensification after a brief stabilization.

The critical detail is the bear market comparison. From October 2025 through March 2026, cumulative realized losses stand at -$64.2 billion — roughly half the -$125.2 billion accumulated during the entire 2021-2022 bear market. The pressure is real. It is not yet existential.

The Behavior Matches the Losses. That Is the Problem.

Adler’s second indicator adds a dimension that the Net Realized P/L metric cannot capture alone. The Short-Term Holder SOPR — measuring the average ratio between the sale price and acquisition price of coins held less than 155 days — has held below 1.0 for nine consecutive days. A reading below 1.0 means short-term holders are selling at a loss. Nine straight days means it is not an episode. It is a regime.

Historically, a prolonged SOPR stress regime of this kind resolves in one of two ways. Either price stabilizes, loss-selling exhausts itself, and the indicator gradually recovers above 1.0 — the pattern associated with bottoming and early recovery. Or price pressure persists, the cohort continues to capitulate, and the market enters a new leg lower. The data does not currently indicate which outcome is forming. It indicates that the stress is active, sustained, and has not yet shown the first sign of resolution.

That first sign has a precise definition. A confident return of the 7-day moving average above 1.0 — and critically, a sustained hold above that level — is the signal Adler identifies as the minimum confirmation that the stress regime is ending rather than pausing.

Taken together, the Net Realized P/L and STH SOPR confirm the same verdict from two different angles. Dollar losses are intensifying. Cohort behavior is systemically loss-driven. The pressure is real and measurable. What it is not — and this distinction matters — is the panic extreme that has historically characterized the final capitulation phase of a bear market. That phase produces readings far more severe than anything visible in the current data.

Bitcoin Consolidates Below Resistance as Bearish Structure Holds

Bitcoin is trading near $66,000 after failing to sustain a recovery above the $70,000 level, reinforcing a broader structure that remains tilted to the downside. The chart shows a clear breakdown in February, followed by a high-volume capitulation event that established the current trading range between approximately $62,000 and $72,000.

Since then, price action has been defined by consolidation rather than recovery. Bitcoin continues to print lower highs within this range, signaling that sellers are still active on rallies. The 50-day and 100-day moving averages are both trending downward above price, acting as dynamic resistance and capping upward momentum. The 200-day moving average remains significantly higher, confirming that the longer-term trend has weakened.

Volume behavior supports this interpretation. The initial sell-off was accompanied by a sharp spike in volume, suggesting forced liquidations or aggressive distribution. In contrast, the current consolidation phase shows reduced volume, indicating a lack of strong demand to drive a reversal.

Repeated rejections near the upper bound of the range highlight the absence of conviction from buyers. Until Bitcoin can reclaim key moving averages and break above resistance with strength, the structure favors continued consolidation or a potential retest of lower support levels.

Featured image from ChatGPT, chart from TradingView.com 

The Dogecoin (DOGE) price is down more than 46% this year, according to CMC data, driven by selling pressures and a general weakness in the meme coin sector. Notably, a crypto analyst has warned investors about the potential downside to holding Dogecoin in this current risk-off market. He notes that the broader financial markets are also under serious pressure amid persistent geopolitical tensions and rising energy costs. 

Why Dogecoin Is A “Weak” Altcoin Now

Crypto market expert @ColinTCrypto has taken to X to share his bearish forecast for the DOGE price and why he believes the meme coin can still crash. In his post, the analyst described Dogecoin as a weak altcoin and warned that investors should not hold it right now. 

The analyst shared a chart showing Dogecoin trading at around $0.09. The chart traces the meme coin’s price movement from its 2021 peak to the present. After its explosive surge during the last bull market, DOGE mostly traded sideways, with occasional short-lived rallies, while the overall trend remained volatile and in a gradual decline. 

@ColinTCrypto has noted that this downward trend has culminated in the formation of the white triangle on the chart. He stated that Dogecoin has already fallen to its first critical support zone around $0.09. The analyst noted that the meme coin is showing strong signs of breaking down further, potentially hitting new lows.

Based on the downward trajectory of the white arrow on the chart, @ColinTCrypto predicts that Dogecoin could experience a major price correction to $0.073. At the time of writing, the meme coin is trading at $0.09, holding onto this support firmly, as a breakdown could confirm the analyst’s bearish outlook. Although market dynamics remain volatile, it’s still uncertain whether Dogecoin could crash toward $0.073. However, if it does, DOGE’s value would decline by almost 20%. 

Notably, @ColinTCrypto stated that most major altcoins in the market are showing similarly bearish positions. He highlighted that they are on the verge of further breakdowns as broader market sentiment remains weak. The analyst also attributes the current bearishness to a risk-off environment, meaning investors are actively avoiding risky bets and favoring safer options amid persistent geopolitical tensions and market uncertainty. 

Analysts Share Similar Bearish Sentiments

Other analysts are also watching Dogecoin’s price movements and raising concerns about a potential crash in the near future. Market expert Osemka on X stated that there is no more room left for altcoins to run, indicating that Dogecoin and other meme coins could soon break downwards. 

The analyst noted in an earlier post that Dogecoin has been “getting slammed” by the Exponential Moving Average (EMA) for the past three weeks, reinforcing his bearish outlook that the cryptocurrency is on the verge of another decline.

Analytics firm CryptoQuant has highlighted how the 365-day trend of the Bitcoin whales signals structural selling pressure from large holders.

Bitcoin Whales Have Seen A Large Negative Yearly Netflow

In a new post on X, CryptoQuant has discussed the latest trend in the yearly netflow of the Bitcoin whales, who are investors carrying between 1,000 and 10,000 tokens of the cryptocurrency. At the current exchange rate, the lower end of the cohort’s range converts to $66.4 million and the upper one to $664 million. As such, the only holders who would qualify for the group would be those with a significant amount of capital.

Because of their position on the network, the behavior of the whales can often be worth keeping an eye on, as it may sometimes carry implications for the market. Even when it doesn’t, it can still be revealing about the sentiment among BTC’s most influential investors.

Now, here is the chart shared by CryptoQuant that shows the trend in the 1-year change in the Bitcoin whale supply, as well as its 365-day moving average (MA), over the last few years:

As displayed in the above graph, the Bitcoin whales saw a mostly positive 1-year change between late 2023 and mid-2025. In the back half of 2025, however, things began to change for these humongous entities, with their netflow slipping into the red zone.

From the chart, it’s visible that the shift in the 1-year change of whale holdings came ahead of BTC’s all-time high (ATH) above $126,000. This could be a potential sign that some large entities anticipated the forthcoming change of winds in the market.

After BTC saw its November drawdown, the whale netflow dropped to a highly negative value, reflecting aggressive distribution from the group. In 2026, the indicator initially saw recovery, with the February crash even coinciding with a change to slight net buying from the whales, but since then, its value has again plunged back into the negative territory.

Today, the 1-year change in the Bitcoin whale holdings is sitting at -188,000 BTC. Thus, it would appear that whales are participating in significant distribution. “This isn’t short-term,” noted the analytics firm. “The 365D trend is declining, signaling structural selling pressure.”

In some other news, on-chain analytics firm Glassnode, in its latest weekly report, has pointed out how a notable amount of supply currently has a cost basis above $80,000. BTC has recently been trading below this level, so all these coins have been underwater.

After all the bearish price action, these loss holders have two choices: either sell into relief rallies to minimize losses or risk capitulating on further drawdowns. Glassnode explained:

Resolving this overhang will likely require either a meaningful price discount to attract new buyers or an extended period of time for these coins to migrate from loss-realizing hands into more committed ownership.

BTC Price

Bitcoin recovered above $69,000 on Wednesday, but the coin has already retraced this surge as it’s now back at $66,400.

The Ethereum price temporarily flipped bullish on Wednesday and has moved back above the $2,100 level, but underlying signals are hinting at a potential continuation of the upward move. During this renewed upside strength, investors across cryptocurrency exchanges are demonstrating positive sentiment toward ETH as they have withdrawn a massive portion of the altcoin from these platforms.

A Massive Ethereum Outflow From Exchanges

With the cryptocurrency market slightly recovering, Ethereum is starting to showcase upside potential again. Meanwhile, a striking trend is emerging across the ETH market as investors are choosing to hold on to their coins rather than trade them off.

Leon Waidmann, a market expert and head of research at Lisk, has outlined a notable shift in investors’ sentiment and behavior, especially across cryptocurrency exchanges in the space. Even with persistent drawdowns in price, ETH is leaving trading platforms at a substantial rate not seen in years.

In the report shared on the X platform, Waidmann stated that the ETH balance on crypto exchanges has recently hit an all-time low after examining the Ethereum Percent Balance on Exchanges metric. The significant wave of withdrawal implies that more holders are shifting their holdings into long-term storage or private wallets, effectively decreasing the amount of ETH that is available for trading on these platforms.

When coins are leaving exchanges, it often points to growing confidence among investors. While also tightening market liquidity, this development could play a key role in shaping and determining the next major price move for ETH. 

As of Wednesday, only 11% of ETH’s total supply is present on crypto exchanges, which is significant compared to past cycles. In 2023, about 32% of the entire supply was available on exchanges. The decline continued into 2022 and 2024, but in a slow and steady pattern. Meanwhile, by March 2026, the exchange balance had dropped to 11%.

When there is less ETH available on trading platforms, it typically leads to reduced selling pressure as holders pull their holdings and store them in anticipation of a rally. Even as ETH is trading at $2,000, investors are not selling; instead, they are accumulating, which hints at growing bullish sentiment.

ETH Is Setting Up For A Strong Bounce

After a prolonged period of downside performance, Ethereum’s price may be setting up for a major rally. According to Merlin The Trader, ETH is experiencing maximum doubt and minimum attention, which is exactly the period when the altcoin builds up for a notable upward move.

On the 3-week time frame chart, ETH has formed a 3-year trend line, and it is still holding. The $2,100 mark is acting as the support trendline, and the $4,100 level remains the key resistance, acting as the upper line. If the altcoin loses this level, which marks its first since 2022, the structure will undergo a reset. Meanwhile, in the event that ETH holds this structure, it will result in a 339% move.

Google’s Quantum AI team recently issued an interesting warning to the cryptocurrency industry, noting how the mathematical foundation securing Bitcoin and most other digital assets may be far more vulnerable to quantum computers than previously believed.

In a recent research blog post, Google said the quantum resources needed to attack the elliptic curve cryptography used across cryptocurrencies may be far lower than older estimates suggested, and it may be time for blockchain projects, especially Bitcoin, to take action against this impending risk.

Google’s Warning Puts Bitcoin’s Cryptography At Risk

Google’s warning is based on elliptic curve cryptography, which is the system that facilitates ownership and transaction signing across Bitcoin and many other digital assets. Every Bitcoin transaction relies on a cryptographic system called the 256-bit elliptic curve discrete logarithm problem, or ECDLP-256. It is the mathematical lock that protects wallet ownership and transaction integrity across the Bitcoin network. 

The consensus view held that breaking Bitcoin’s cryptographic system would require a quantum machine of extraordinary scale on the order of millions of qubits. However, researchers at Google have demonstrated that the computational threshold for a successful attack on a cryptographic system like Bitcoin’s is far lower than the industry had priced in.

Researchers at Google compiled two optimized quantum circuits that implement Shor’s algorithm against ECDLP-256. Based on the coverage of the blog post by Google’s research team, the company’s updated estimate pointed to roughly 1,200 to 1,450 logical qubits and fewer than 500,000 physical qubits for a relevant attack, with execution measured in minutes on a sufficiently advanced machine. This is an approximately 20-fold reduction in the number of physical qubits required to solve ECDLP-256.

What’s Next For Bitcoin And The Crypto Industry?

The problem is not just that quantum machines may become powerful enough one day to attack the Bitcoin blockchain. It is also that the resources needed to expose the network may be far less than many crypto participants assume. There is no need to panic, as the issue is not here yet. However, it is also no longer easy to dismiss as something for the far future.

Google’s wider quantum-security messaging now points to a 2029 migration timeline for post-quantum cryptography. The company noted that it is now working with others on responsible approaches, like Coinbase, the Stanford Institute for Blockchain Research, and the Ethereum Foundation. 

The most efficient way to mitigate these risks is transitioning blockchains to post-quantum cryptography (PQC), which is resistant to quantum attacks. However, the 2029 timeline also comes with the concern that the crypto industry may have a small preparation time. Transitioning a decentralized blockchain network to new cryptographic standards requires consensus across thousands of independent nodes, protocol-level upgrades, and compatibility solutions that can take years to design, test, and deploy. This is most likely where the controversial parts of the transition will happen.

XRP is struggling to hold current support levels. The market is uncertain. And beneath the price, the structure that would normally cushion a sell-off has quietly thinned to one of its weakest readings in recent memory.

An Arab Chain report tracking market depth on Binance has identified a condition that makes the current support test more precarious than it appears on the surface: XRP’s 30-day liquidity index has dropped to approximately 0.062 — one of its lowest readings in recent periods. That number describes a market where buy and sell orders have become significantly less dense. The cushion that normally absorbs price swings without amplifying them has been removed.

What that means in practical terms is straightforward and should not be understated. When liquidity is deep, large trades are absorbed without dramatically moving the price. When liquidity is thin — as it is now — the same trade produces a sharper, faster, more violent response. The market has not become more dangerous because sentiment has shifted. It has become more dangerous because the infrastructure that manages price impact has deteriorated.

XRP is holding support in a market that has lost much of its shock-absorbing capacity. Those two facts belong in the same sentence — because they are the same problem.

The Market Is Not Just Thin. It Is Empty. And Empty Markets Move Fast When They Fill.

The report adds the dimension that completes the structural picture. XRP’s 30-day turnover index currently stands at approximately $4.46 billion — a figure that reflects not just reduced liquidity in the order book but reduced capital flow through the market entirely. Both institutional and retail participation have withdrawn simultaneously.

The order book is thin, and the volume flowing through it has declined in tandem. That combination — shallow depth and low activity — describes a market that has been effectively abandoned by the participants who would normally provide its stability.

The risk this creates is asymmetric and immediate. In a liquid, high-turnover market, large trades are absorbed gradually. In the current environment, the same trade size produces a disproportionate price response in whichever direction it pushes. The market has no buffer. Every significant order becomes a market-moving event by default.

The report identifies the constructive interpretation alongside the risk, and both deserve equal weight. Periods of compressed liquidity and low turnover have historically preceded significant price movements — not because thin markets are bullish, but because they are unstable. When capital returns to a market this empty, the price response is rarely gradual.

The XRP market is not waiting for a catalyst. It is waiting for volume. When that volume arrives — from whichever direction — the thin order book will amplify whatever it brings.

XRP Holds Fragile Range as Downtrend Persists

XRP is trading near $1.30 after a prolonged decline that has steadily weakened its market structure. The chart shows a clear downtrend, with price consistently printing lower highs and lower lows since late 2025. The sharp breakdown in February marked a decisive shift, pushing XRP into a lower range where it continues to consolidate.

Since that move, price has been confined between roughly $1.20 and $1.50, reflecting a temporary balance but not a reversal. XRP remains below the 50-day and 100-day moving averages, both sloping downward and acting as resistance on every recovery attempt. The 200-day moving average sits significantly higher, reinforcing the broader bearish trend.

Volume dynamics highlight the imbalance. The February sell-off was accompanied by a strong spike in volume, suggesting aggressive distribution or forced liquidations. In contrast, the current consolidation phase shows declining volume, indicating weaker participation and limited buying conviction.

Attempts to push toward $1.50 have repeatedly failed, with sellers stepping in before any structural breakout can develop. The market is stabilizing, but without reclaiming key moving averages, that stability remains fragile. As long as XRP trades below these levels, the path of least resistance continues to favor either extended consolidation or another move lower.

Featured image from ChatGPT, chart from TradingView.com 

For the past few days, the price of Bitcoin has been hovering between the $70,000 and $64,000 range, with no definite trajectory within the period. Despite the lack of direction in price, selling activity has continued across the market, effectively putting robust pressure on the leading cryptocurrency asset.

Persistent Selling Activity Weighs on Bitcoin

While the Bitcoin price is moving sideways, investors are steadily reacting negatively to the performance. During the period of indecision, selling pressure is persistently building underneath the surface, suggesting growing uncertainty among investors.

According to the report from CryptoQuant, a leading on-chain data analytics platform, the selling pressure is being driven by major BTC players rather than retail holders. The constant distribution from key market players raises the possibility that underlying sentiment is more brittle than it seems.

CryptoQuant’s report began with the Bitcoin Spot Demand, which remains in deep contraction despite accelerating Exchange-Traded Fund (ETF) and Strategy purchases. After examining the 30-day apparent demand, the platform highlighted that the chart is showing a positioning at -63,000 BTC, indicating that broader market selling pressure is still outweighing institutional accumulation.

At the same time, large Bitcoin investors or whales holding between 1,000 BTC and 10,000 BTC have turned net distributors. This wave of selling is indicated on the 1-year change in whale holdings, which has declined from +200,000 BTC to -188,000 BTC today. 

Currently, this is one of the most aggressive large-holder distribution cycles on record, spanning between the 2024 bull market peak and March 2026. As selling activity reaches this level, the trend is likely to influence the asset’s price, potentially causing a more decisive move lower.

The selling pressure from large holders has been accompanied by fading accumulations from mid-tier holders and dolphin investors.  Bitcoin mid-tier players holding between 100 BTC and 1,000 BTC are accumulating at a declining pace since November 2025.

During this period, dolphins have been the net accumulators on a 1-year basis. However, their holdings growth has collapsed from 1 million BTC in October 2025 to 429,000 BTC today, signaling that buying support from this group is fading quickly.

BTC Demand Is Dying In The US Markets

CryptoQuant has also covered the demand for BTC in the United States. On the US market, demand for the asset has weakened, with Coinbase Premium persistently trending in negative territory. Despite Bitcoin prices declining to the $65,000-$70,000 range, investors in the US have not re-entered the market at scale, a behavior that is consistent with the broader demand contraction observed across on-chain metrics.

Bitcoin may be seeing fading demand and continued sell-side activity, but CryptoQuant claims that a short-term price bounce toward the $71,500 to $81,200 is still likely if macroeconomic risks ease. These levels align with the Lower Band and Trader On-Chain Realized Price, respectively, which are important bear market resistance zones that might be put to the test if the US-Iran dispute lessens.

Crypto pundit Pumpius has drawn attention to the launch of ZK privacy transactions on the XRP Ledger. He noted that this is a historic moment for the network and XRP, as the altcoin gains new utility. 

XRP Makes History With ZK Privacy Transactions 

In an X post, Pumpius stated that history has been made with XRP, with the first-ever zero-knowledge (ZK) privacy transaction going live on the XRPL testnet. The pundit declared that this is about to change everything for XRP, signaling that it could boost the token’s adoption as institutional investors seek privacy. 

He noted that the DNA Protocol is responsible for these ZK privacy transactions on the Ledger. The protocol is said to have turned real-world data into a ZK proof, verified on-chain with zero sensitive information exposed. Pumpius added that banks, governments, and institutions can now confirm everything, including KYC, medical records, financials, and compliance, without ever seeing the actual data. 

Pumpius further remarked that the DNA protocol is the privacy layer the Ledger has been missing and that the “floodgates are opening,” with trillions of dollars set to flow into the altcoin The pundit declared that the XRPL has just become institutionally ready. It is worth noting that Ripple has also made moves to implement privacy features natively on the Ledger. 

These features include Permissioned Domains, Permissioned DEX, and Confidential Multi-Purpose Tokens (CMPTs), which enable institutions to select the network participants they want to transact with and protect their identities during transactions. Specifically, CMPTs hide the account balances and transaction amounts of network users. This is expected to onboard more institutions, especially as tokenization gains traction on the Ledger. 

Ripple Exec Explains What Decentralized Identity Entails

Crypto pundit John Squire drew attention to a video in which Ripple President Monica Long explained what decentralized identities entail and how Ripple aims to achieve them using zero-knowledge proofs. She explained that decentralized identities would enable individuals to take back control of their identities from web2 companies that profit from their data. 

Monica Long revealed that these decentralized identities would take the form of a transportable token that can be shared with anyone around the world. Users will be able to delegate access, enabling anyone to access this information as needed. 

John Squire noted that this means even one’s DNA can be tokenized as a private, portable token on the XRP Ledger using zero-knowledge proofs. He added that people would be able to prove their identities without revealing anything. He also signaled how this is bullish for the token as it would boost the token’s utility as individuals embrace privacy features. 

At the time of writing, the altcoin’s price is trading at around $1.31, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Experts have gathered on the popular YouTube channel, The Wolf of All Streets, to examine Bitcoin (BTC) and rising global uncertainty. Bloomberg Senior Commodities Strategist Mike McGlone joined former CoinRoutes CEO Dave Weisberger and macro strategist James Lavish for a detailed discussion. They explored ongoing debt pressures in the US, money printing, oil risks, and the role Bitcoin plays as markets face potential shifts and risks. 

Bitcoin Emerges As Hedge Amid Unstoppable Debt Crisis

During the podcast, James Lavish highlighted the growing global unease, noting that the World Uncertainty Index has reached a historic high above 105,000. This means it is now higher than levels seen during COVID, 9/11, the Iraq war, and the global financial crisis combined. 

Lavish explained that the US Treasury is facing a major financial burden this year, with about $9.7 trillion in debt set to mature. When combined with ongoing budget deficits of roughly $2 trillion, the total amount that needs refinancing rises to a staggering $12 trillion. He pointed out how sensitive this debt is to interest rates, noting that even a half-point increase would add about $100 billion to annual interest payments on the debt. 

Despite how bad this appears, he warned that “this train cannot be stopped.” The strategist suggested that the relentless, ongoing cycle of rising US debt and constant refinancing will likely continue due to limited options available to policymakers. He added that these limitations could leave officials relying heavily on monetary measures to manage the situation. 

Weisberger also shared his view, noting that despite the chaos and the surmounting debt crisis, the government will continue printing substantial amounts of money to manage the economic situation. With more money flowing into the market, it could affect the nominal value of assets priced in dollars, yen, or euros. 

Speaking on Bitcoin’s role during this critical period, Weisberger pointed out that BTC was created for economies affected by heavy debt and currency manipulation. His remarks align with the broader view that Bitcoin could serve as a hedge against inflation, a strategic reserve, and a store of value during a global financial crisis. 

The CoinRoutes CEO also noted that Bitcoin may have finally reached a price bottom at $60,000, referring to the crash from above $70,000 in February, when geopolitical tensions in the Middle East surged. 

A Cautious Outlook On Bitcoin’s Price Rally

Compared to his fellow panelist on the podcast, McGlone’s comments focused mostly on Bitcoin, oil prices, and the performance of other asset classes. He argued that the Bitcoin bull market has ended, while precious metals’ performance appears to have slowed.

The Bloomberg Senior Strategist also warned that sharp spikes in oil prices could trigger a drop in demand, potentially leading to a global recession. He also noted that the S&P 500 is currently overpriced and if it breaks down, Bitcoin and other risk assets could decline alongside it.

On the other hand, Weisberger’s overall outlook for Bitcoin was cautiously bearish. He noted that if Strategy had not been aggressively buying Bitcoin even during the bear market, the cryptocurrency might have fallen as low as $40,000-$50,000. He shared the same sentiment for Ethereum, noting that without Bitmine’s accumulation, its price could have crashed to $600. 

Global credit rating agency Kroll has assigned an inaugural investment‑grade issuer rating of BBB to Ripple Prime, marking a notable endorsement from a traditional credit agency for a firm rooted in the crypto sector. 

Ripple Prime was formed after Ripple acquired Hidden Road for around $1.2 billion late last year and operates as the clearing and intermediation arm for exchange‑traded derivatives (ETD) and related financing activities. 

Reasons Behind Ripple Prime’s BBB Score 

Kroll’s analysis emphasizes that Ripple Prime is in a scaling phase. The company’s ETD platform, launched in 2024, and its fixed‑income repo activities — which reached meaningful scale in 2025 and are concentrated in short‑duration US Treasuries and agency securities — are central to the rating. 

The agency pointed to an expanded balance sheet over the past year and noted that Ripple Prime achieved profitability in 2025. That performance was supported by significant capital injections from its parent, Ripple Labs: roughly $500 million following the acquisition. 

Kroll observed that while Ripple Prime’s activities are more narrowly focused than some peers, management’s experience and a clear strategy to broaden the platform through new business lines and added hires underpin the rating.

A key factor in Kroll’s view is the parent‑company support Ripple provides. The report highlights Ripple’s capital resources — nearly $5.0 billion in cash as of the third quarter 2025, along with more than 40 billion units of XRP on the balance sheet — which offer a substantial, though largely unrealized, source of value. 

Kroll said that, should Ripple Prime issue debt and encounter regulatory or liquidity constraints that limited dividends from the operating company, Ripple would likely step in to provide financial support. That implicit backing was an important element in assigning the BBB grade.

Experts See A Turning Point

Kroll also examined the firm’s risk profile. Revenues at Ripple Prime are still concentrated in spread‑based financing tied to balance sheet size and interest rate dynamics, which makes earnings sensitive to market conditions. 

Nonetheless, Kroll expects margins at Ripple Prime to improve in 2026 as the balance sheet expands, aided by the additional capital infusion of about $500 million from Ripple and by operating leverage as the business grows. 

The rating agency anticipates that planned expansions into Delta1 products (total return swaps and synthetic equity financing for leveraged ETF providers) and equity prime brokerage could materially diversify revenue and bring profitability in line with similarly rated firms if execution proceeds as planned.

Market experts greeted the rating as a turning point in the perception of crypto native firms within traditional finance. Egrag Crypto, among others, interpreted Kroll’s BBB assignment as a sign that institutional trust in Ripple Prime is rising. 

According to Egrag, the grade supports Ripple Prime’s growing prime brokerage business and highlights the company’s efforts to establish institutional-quality infrastructure that connects traditional finance and digital assets. 

Featured image from OpenArt, chart from TradingView.com 

Coinbase chief legal officer has suggested that negotiators in the Senate are “very close” to a deal on the CLARITY Act’s most contentious crypto issue.

Coinbase: “Very Close To A Deal”, Despite Stablecoin Dispute

It’s all about the stablecoins. Whether and how exchanges can pay yield on stablecoin balances continues to be the bone of contention for CLARITY’s lawmakers, but according to Paul Grenwal, the long-standing dispute could be resolved as soon as this Friday.

Grenwal claimed in a Wednesday interview on Fox Business that the Digital Asset Market Clarity Act is “moving toward” a markup session in the U.S. Senate Banking Committee. He stressed the need to “finish the job” with cryptocurrencies that was started after the passage of the GENIUS Act last year.

This could later advance to a full floor vote, once senators finally settle the stablecoin yield dispute and formally put the markup on the calendar.

The Stablecoin Compromise

It is worth noting that Grenwal’s statement follows months of drama in which Coinbase derailed an earlier Senate markup by withdrawing support over provisions it said would amount to a “de facto ban” on tokenized equities, heavy DeFi restrictions, and a tilt in power toward the SEC. Bitcoinist covered the story back then.

If the SBC moves to markup this month, as Grewal suggests, the bill could see a floor vote and land on President Trump’s desk as early as this year.

Stablecoin rewards have become the pressure point between banks and crypto firms because banks fear deposit flight, while exchanges view yield‑bearing stablecoins as core to their business models and user growth.

The emerging compromise consists in no rewards for idle, parked stablecoin balances, but limited yields linked to “active” use such as spending or on‑chain transactions. Some big banks, including JPMorgan’s Jamie Dimon, appear willing to live with such a framework.

A successful compromise would end a year of committee delays and canceled markups, and could finally give exchanges a federal framework instead of “regulation by enforcement” through the SEC.

The Tension Between The Crypto Industry And The Regulators

Even if the bill passes in an agreeable way for both parties, there’s still a big split between the official narrative and what many in crypto fear it will really do.

Regulators and the administration are selling the CLARITY Act as the moment the U.S. finally becomes the global benchmark for digital‑asset rules: clear, predictable, and safe. CFTC chairman Michael Selig said in another interview with Fox Business this February that the pending U.S. crypto market‑structure bill would make the United States the “gold standard” for digital‑asset regulation.

However, builders and power crypto users continue asking whether that same law quietly locks in a bank and exchange‑centric model, with DeFi, tokenized markets, and true self‑custody pushed to the margins or offshore. This recent Reuters’ overview of the CLARITY Act emphasizes how the legislation will define who regulates which parts of the market and under what licensing regimes, reinforcing concerns that smaller or non‑custodial players could be squeezed.

Stablecoin yield surviving in “transaction‑linked” form would support exchange fees and interest income. But if talks collapse, markets may re‑price U.S. regulatory risk and rotate liquidity toward offshore venues.

Cover image from Perplexity, BTCUSDT chart from Tradingview

Bithumb is now looking at an initial public offering sometime after 2028, a further slip from its earlier 2025 target, after a year of compliance trouble, board changes, and a costly internal blunder that briefly showed more than $40 billion in fake balances on its books.

According to reports tied to the company’s shareholder meeting, the South Korea-based exchange says it wants to spend the next stretch fixing its accounting and control systems before it tries to list.

Internal Error Raised Fresh Questions

The exchange’s most damaging recent episode came in February, when it mistakenly credited users with about 2,000 Bitcoin instead of 2,000 won. The mix-up was quickly reversed, and most of the money never left Bithumb’s internal ledger, but the scale of the error was hard to ignore.

It turned a routine systems failure into a public test of trust, and it arrived at a bad time for a company trying to convince regulators and investors that it is ready for the scrutiny that comes with a stock listing.

That mistake followed earlier pressure from South Korean authorities. Under CEO Lee Jae-won, Bithumb faced a six-month suspension and a $24 million fine tied to alleged anti-money-laundering breaches.

Shareholders have now backed Lee for another two-year term, even as the company keeps moving the IPO goal farther down the road. The exchange had once expected to list in 2025, but the new plan is to focus on preparation through 2027 before any filing process advances.

A Slower Road To The Market

Bithumb’s latest timeline fits a broader pattern of delay. CFO Jeong Sang-gyun told shareholders that the company is strengthening its accounting policies and internal controls after bringing in Samjong KPMG as an IPO adviser.

That language points to work that usually happens before a listing window opens, not after a target year has already passed. The change in pace also shows how much the exchange’s public debut now depends on proving basic governance, not just market demand.

The exchange is not the only one moving through the South Korean market with listing plans in view. Dunamu, the operator of Upbit, is also said to be preparing for an IPO after a share swap with Naver Financial, with September mentioned as a possible timing point.

Featured image from Moneyseth, chart from TradingView

Over the last few months, the Bitcoin price has dropped as the crypto market has responded to negative news coming out. One of the major news stories that has contributed to this decline was the attack by the United States on Iranian armed forces. Since war has negatively affected the broader financial markets, the Bitcoin price was not left out. And even now, when the digital asset seems to be forming something akin to a bottom, there are still expectations that the price will continue to crash.

Bitcoin ABC Wave Says The Last Drop Has Not Happened

The Bitcoin price continues to struggle after bears had initially broken the support at $70,000, and the resulting weakness has threatened further downtrend. This move aligns with crypto analyst Minga’s prediction that the digital asset was actually stuck in an ABC wave trend.

In the analysis, which was shared on the X (formerly Twitter) platform, the analyst explained that Bitcoin was actually sticking to this trend. Despite the fact that historical movements do not always play out the same way, there is still enough possibility for investors to be cautious.

Deep-diving into the wave pattern, the analyst’s chart shows that the start of the wave began with the price above $100,000. As the price had declined, so did the wave continue to play out. The latest of these now is the fact that the Bitcoin price has now entered the final leg of the wave pattern and this is the most bearish part.

The last wave, Wave C, is the wave that usually leads to the most decline. Here, it is expected to trigger an almost 50% decline in the digital asset’s price. Going by historical performance, following this trend would see the Bitcoin price eventually fall below $40,000.

As for the end of this decline, the analyst places the bottom of the decline somewhere around $34,000. While there is some wiggle room for this, it is still highly likely that the price goes this low. Thus, it is important to factor such a move into the performance of Bitcoin.

As for the major support levels through all of these, the analyst highlighted some support just below $50,000. More specifically, support lies at $49,577 if the price begins to decline. Beneath this level, though, there is hardly any support left for the cryptocurrency.

US Federal Reserve (Fed) Governor has warned about the potential risks that stablecoin may pose to financial stability and urged for strong oversight, as the industry awaits the final text of the highly anticipated crypto market structure bill.

Fed Governor Calls For Stablecoin Clarity

On Tuesday, Fed Governor Michael Barr discussed the importance of stablecoin regulations, noting that landmark legislation, the Guiding and Establishing Innovation for US Stablecoins (GENIUS) Act, provides “some needed clarity” to issuers about how they can fit into the regulatory framework.

During a Federalist Society event, Barr listed main use cases for tokens pegged to the US dollar, including facilitating crypto trading and as a store of value in some foreign jurisdictions. He also highlighted that they can be used to offer reduced remittance costs, expedite trade finance processing, and assist firms in managing their treasury functions.

However, the Fed Governor emphasized that “a great deal” of the clarity will “depend on how federal and state regulators implement the statute.” Therefore, regulators still need to address multiple risks, he warned, explaining that caution is warranted due to “a long and painful history of private money created with insufficient safeguards.”

Key issues include regulation of reserve assets, the potential for regulatory arbitrage, the scope of permissible activities for stablecoin issuers beyond issuance, appropriate capital and liquidity requirements, anti-money-laundering controls, and consumer protection requirements.

The federal regulator called for regulatory and technological measures to ensure that stablecoins are not used for illicit activity, affirming that “tight control over reserve assets, coupled with supervision, capital and liquidity requirements, and other measures, could enhance the stability of stablecoins and make them more viable payment instruments.”

His remarks come as the US Treasury Department seeks public feedback on the GENIUS Act Notice of Proposed Rulemaking (NPRM) concerning state-level regulatory regimes, issued on April 1.

Final Text On Yield Compromise Delayed

Barr’s warning also follows the clash between the crypto and banking industries over stablecoin-related language that is set to be included in the crypto market structure bill, also known as the CLARITY Act, which was expected to be released as soon as this week but might be delayed until later in the month.

In a shift from last week’s guidance, the bill’s final text of the compromise between industry stakeholders and the Senate Banking Committee is no longer expected to be published this week, a spokesperson for Senator Thom Tillis’s office told Crypto In America on Wednesday.

A source familiar with the matter stated that the delay reflects concerns that releasing the text ahead of a markup, now expected in the back half of the month, could give opponents an opening to slow the bill’s progress.

Notably, the two parties have been fighting over the potential prohibition of yield and rewards on stablecoin balances, stalling the crypto bill for over two months. Last week, the crypto industry got its first look at the latest version of the CLARITY Act, set to address the long-standing dispute.

As reported by Bitconinist, the proposal seemingly prohibited platforms from offering yield, directly or indirectly, for holding a stablecoin, or in a manner that resembles a bank deposit. This restriction would broadly apply to digital asset service providers, including exchanges and brokers, as well as their affiliates.

The text aimed to limit workarounds and prohibit any activity “economically or functionally equivalent” to interest, addressing concerns from the banking industry side, but facing renewed backlash from crypto players like Coinbase.

According to the Wednesday report, the update follows ongoing talks between crypto and banking groups due to dissatisfaction with the earlier draft agreed upon by Tillis, Senator Angela Alsobrooks, and the White House.

The US Treasury on Wednesday published a notice of proposed rulemaking (NPRM) that launches the administration’s first formal effort to implement the GENIUS Act, the new federal law governing payment stablecoins that was signed by President Donald Trump last year.

The NPRM is the Treasury’s initial regulatory proposal to give effect to the statute’s requirements and solicits public comment on how the department intends to apply the law.

GENIUS Act’s Proposed Rules

Under the GENIUS Act — formally titled the Guiding and Establishing National Innovation for US Stablecoins Act — Treasury is charged with setting out, through notice-and-comment rulemaking, high-level principles for assessing whether a state regulatory regime is “substantially similar” to the federal framework. 

The department’s 87-page proposed rule explains how it expects federal and state authorities to interact under the new regime and identifies matters on which Treasury seeks input from stakeholders.

Treasury’s proposal signals that it anticipates states will look to federal guidance, including standards the Office of the Comptroller of the Currency (OCC) has proposed, when deciding how prescriptive their own rules should be. 

The NPRM cites the OCC’s approach, which the OCC says is intended to be flexible and calibrated to the nature, scope, and risks posed by a permitted payment stablecoin issuer’s activities. 

Treasury’s draft leaves room for states to adopt principles-based requirements, indicating that state regulators will have discretion to design standards for issuers who qualify under a state regime.

The ultimate effects will depend on the specific content of each state’s regulatory regime, which the proposal anticipates could vary widely because the GENIUS Act grants states discretion in implementing their own frameworks.

Treasury Draft Sets Timeline

The draft rule also sets out the transition timeline and market consequences contemplated by the statute. Once the GENIUS Act takes effect, entities will be barred from issuing payment stablecoins in the United States unless they are authorized as permitted payment stablecoin issuers. 

In addition, the statute makes it unlawful, beginning July 18, 2028, for digital asset service providers to offer or sell unlicensed stablecoins to persons located in the United States. 

To preserve a state-option pathway for smaller issuers, the law allows a state to license payment stablecoin issuers with a consolidated total outstanding issuance of no more than $10 billion, but only if the state certifies that its regulatory regime is substantially similar to the federal framework.

Taken together, the department is seeking public input on the proposal’s details as it moves toward finalizing rules intended to implement the GENIUS Act’s structure for supervision, licensing, and consumer protections in the stablecoin market.

Featured image from OpenArt, chart from TradingView.com 

Chainlink has been struggling. The altcoin market is brutal. And quietly, the largest players in the market appear to have started paying attention to LINK in a way they are not paying attention to everything else.

Analyst Darkfost has identified a pattern that stands out against one of the most hostile environments for altcoins in recent memory. While the broader sector continues to deteriorate — more than 40% of altcoins at or near all-time lows, liquidity draining across the board — targeted activity from large players is beginning to surface on specific tokens. Chainlink is one of them.

The methodology Darkfost applies is straightforward and battle-tested: track where the largest holders are moving their coins, and watch whether those movements point toward accumulation or distribution. When whales begin withdrawing assets from exchanges at scale, it signals a specific behavioral shift — coins moving off the trading venue, into private custody, away from the available sell-side pool. That behavior does not happen by accident. It happens when large players have reached a conclusion about an asset that the broader market has not yet reached.

The altcoin market is not rewarding patience right now. Something in the LINK on-chain data suggests certain participants believe that is about to change.

The Data Has Two Peak Days and a Rising Average

Darkfost’s on-chain breakdown gives the whale signal its specific form. Among the Top 10 daily outflow transactions on Binance, two days have recorded peak withdrawals exceeding 8,000 LINK in a single session — standout events in a chart that had been relatively quiet. More telling than the peaks, however, is what has happened to the baseline.

Since mid-February, the monthly average of Top 10 outflows has risen from approximately 2,000 LINK per day to nearly 2,600 — a 30% increase in the sustained activity of the largest outgoing transactions. Peaks can be anomalies. A rising average is a trend.

In the context of an altcoin market where generalized weakness has become the default condition, that trend carries a specific implication. Large players are not withdrawing LINK from Binance because they intend to sell it elsewhere. Withdrawals to off-exchange storage mean the opposite: coins removed from the sell-side pool, held in private custody, unavailable for immediate distribution. That behavior, sustained over weeks, is the behavioral signature of accumulation.

Darkfost’s caution is precise and deserves to be preserved rather than minimized. Previous accumulation episodes during this correction — some more pronounced than the current one — failed to break the downtrend. The whale signal on Chainlink is real and measurable. Whether it is sufficient to change the market’s direction is a question the coming weeks will answer.

The signal is there. The confirmation is not yet.

Chainlink Tests Lows as Trend Structure Weakens

Chainlink is trading near the lower end of its multi-year range, with price hovering around the $9 level after failing to sustain multiple recovery attempts. The chart shows a clear sequence of lower highs since the 2024 peak, confirming a persistent downtrend that has gradually eroded bullish structure.

Price is now positioned below the 50-week and 100-week moving averages, both of which have turned downward and are acting as dynamic resistance. This alignment reinforces the idea that momentum remains firmly against bulls. The 200-week moving average, slightly above current levels, is being tested as a potential support zone — a level that historically carries structural significance. A sustained break below it would likely shift the long-term outlook decisively bearish.

Volume patterns add context. The sharp spikes during sell-offs suggest periods of aggressive distribution, while recent rebounds have occurred on relatively weaker volume, indicating limited conviction from buyers. This imbalance typically precedes either prolonged consolidation or another leg lower.

Despite the weak structure, the current zone is not irrelevant. Historically, similar levels have attracted accumulation phases. The key question is whether demand reappears with strength, or if this range becomes a temporary pause before continuation to the downside.

Featured image from ChatGPT, chart from TradingView.com 

Ripple announced on Wednesday, April 1, the rollout of two major additions to its Ripple Treasury platform: Digital Asset Accounts and Unified Treasury. 

The company describes these features as the first native digital-asset capabilities built directly into a treasury management system, designed to let corporate finance teams treat crypto holdings the same way they do cash.

Ripple’s New Treasury Features

According to Ripple, the newly disclosed update gives finance and treasury teams a single, unified view of liquidity by aggregating balances from bank accounts, custody providers, and on-chain wallets. 

That consolidated dashboard provides real-time visibility across both fiat and digital assets, eliminating the need for separate systems, manual reconciliation, and time-consuming data consolidation. 

Family offices and corporate treasury groups can now view, hold, receive, and manage fiat and digital liquidity held at banks and custodians within one platform, Ripple said.

Renaat Ver Eecke, Senior Vice President of Ripple Treasury, framed the launch as an answer to a changed reality at the CFO level. “Digital assets have arrived at the CFO’s desk, and the question has shifted from whether to engage to how to do so advantageously without disrupting existing operations,” he said. 

Ver Eecke added that Ripple Treasury provides “a trusted place to hold and manage digital and fiat assets — with no separate interface, no new workflows, and no need to navigate custody, wallets, or exchanges on their own,” calling it an unprecedented digital solution for corporate treasuries.

Unified Treasury And Digital Asset Accounts

Ripple said the new features include several technical functions aimed at improving accounting accuracy and auditability. According to the company, Digital Asset Accounts will display fiat valuations in real time using live exchange rates sourced from market data providers. 

They will also record token amounts to reflect on‑chain notional and reduce rounding discrepancies, and they will automatically log each transaction with the native notional, its fiat equivalent, and the market price at the time of the event to provide an audit trail.

On the other hand, the firm described Unified Treasury as a consolidated reporting interface that aggregates positions held across multiple custodians and banks via its ClearConnect connectivity layer — the same integration layer Ripple uses for bank links. 

The company said the feature supports direct application programming interface (API) connections to several digital‑asset providers, with onboarding that Ripple reports can be completed in minutes. 

Ripple also disclosed that both capabilities are designed to be adopted on an organization’s own timeline and to integrate without disrupting existing approval processes, audit trails, or compliance controls.

Looking ahead, future expansions will connect with Ripple’s existing products for cross-border and intercompany settlement and add features such as 24/7 yield on idle cash via overnight repo, powered by stablecoins and other digital assets. 

Featured image from OpenArt, chart from TradingView.com 

XRP is struggling to push above current levels. The market is uncertain. And the chart is not offering any comfort — three moving averages sit above the current price, each one a layer of resistance the market has not found the strength to challenge.

A CryptoQuant report tracking XRP’s technical structure on Binance has produced a reading that leaves little room for interpretation. The 30-day moving average stands at approximately $1.40. The 90-day moving average sits near $1.64. The 200-day moving average is at $2.06. The current price is below all three — not approaching them, not testing them, but trading beneath each one simultaneously across the short, medium, and long-term timeframes.

That alignment has a name in technical analysis. It is a bearish stack — a configuration in which every major trend reference the market uses to orient itself is pointing in the same direction. Sellers are in control across every timeframe. Buyers have not demonstrated the sustained demand required to reclaim even the nearest average.

The first threshold that matters is $1.40. Not because reclaiming it resolves the situation — it does not — but because without it, the medium and long-term averages above remain irrelevant. The recovery, if it comes, must start there.

XRP Cannot Fix Its Own Chart. It Needs Bitcoin to Help.

The report adds a dimension to the technical picture that the moving average structure alone cannot capture. XRP’s correlation with Bitcoin currently stands at approximately 0.87 — a reading that describes near-total directional alignment between the two assets. XRP is not trading on its own fundamentals, its own on-chain developments, or its own demand dynamics in any meaningful independent sense. It is trading as a high-beta expression of wherever Bitcoin goes next.

That dependency cuts both ways, and the report names both directions honestly. If Bitcoin continues to struggle — capped below $70,000, under whale selling pressure, lacking upside momentum — that weakness will transmit directly to XRP, adding a second layer of downward force on top of an already bearish technical structure. If Bitcoin stages a sustained rally, that momentum will carry XRP with it, potentially providing the external catalyst the chart cannot generate internally.

The verdict the report delivers is unambiguous. XRP remains under clear technical pressure. The downtrend is continuing. Sellers are in control across every timeframe. Nothing in the current data suggests that the condition is about to change on its own.

The one number that changes the conversation is $1.40. Reclaiming the 30-day moving average does not end the downtrend. It signals, for the first time, that the momentum behind it may be slowing — and that is the only first step available from here.

XRP Tests Breakdown Zone as Long-Term Structure Weakens

On the weekly timeframe, XRP is now trading near $1.35 after a sharp rejection from the $3.00–$3.50 region, confirming a decisive loss of bullish momentum. The chart shows a clear transition from expansion to distribution, followed by a breakdown that has brought price back into a historically significant range.

Price is currently sitting below the 50-week moving average, which has started to slope downward, signaling weakening short-term structure. The 100-week moving average is also above the current price and flattening, while the 200-week moving average remains lower but is now the next key support to monitor. This alignment reflects a market that is no longer trending upward and is instead attempting to find a new equilibrium.

The rejection from the recent highs was accompanied by increased volume, suggesting strong participation during the distribution phase. In contrast, the current consolidation is occurring with relatively lower volume, indicating reduced conviction from both buyers and sellers.

Importantly, XRP is now testing a zone that previously acted as resistance during 2021–2022 and later flipped into support. Whether this level holds will likely determine the medium-term direction. A sustained break below could open the path for a deeper retrace, while stabilization here may form the basis for a longer accumulation phase.

Featured image from ChatGPT, chart from TradingView.com