DOJ and CFTC Seek Halt to Arizona Action Against Kalshi

The US Department of Justice (DOJ) and Commodities and Futures Trading Commission (CFTC) asked a federal court to block Arizona from enforcing state gambling law against Kalshi’s event contracts, arguing that they fall under the CFTC’s exclusive authority over swaps markets. The Wednesday filing argues that event contracts listed on federally regulated platforms such as…

What Will Trigger a BTC Price Breakout?

Bitcoin’s (BTC) relief rally to $72,000 appears to be cooling off, but analysts said that the BTC price may “continue rising” in the short term. Key takeaways: Bitcoin must flip the short-term holder realized price at $80,000 into support to confirm the trend change. Spot volume and trading activity must recover to ensure a sustained…

Stablecoin Volumes Could Hit $1.5 Quadrillion in a Decade: Chainalysis

Blockchain analysis firm Chainalysis estimates that stablecoin volumes could hit $1.5 quadrillion within the next decade, potentially exceeding current estimates of global cross-border payment volumes. In a report on Wednesday, the Chainalysis team said that adjusted stablecoin volume could hit $719 trillion by 2035 just through organic growth, up from $28 trillion in 2025. This…

Bitcoin Depot Reports $3.7M Loss after Breach of Corporate Wallets

Crypto ATM operator Bitcoin Depot said it lost 50.9 Bitcoin, worth about $3.7 million, after a hacker gained access to some of its internal systems. The breach happened on March 23 after the attacker took control of credentials linked to Bitcoin Depot’s corporate Bitcoin (BTC) wallets, according to a Monday filing with the US Securities…

Bitcoin $80,000 play is now the most popular bet in derivatives: Crypto Daybook Americas

Sentiment in the bitcoin BTC$71,189.30 market appears to have flipped after a long time, suggesting an investor positioning for a potential rally to $80,000. On Deribit, which accounts for a majority share of the multi-billion dollar global crypto options market, the $80,000 call — a derivatives bet that prices will rise beyond that level —…

Fed Officials Still See Room for a Rate Cut Before the End of 2026

US Federal Reserve members were split on whether the war in the Middle East could spur further interest rate cuts before the end of 2026, according to minutes from the Federal Open Market Committee’s (FOMC) March meeting. On Wednesday, the Fed released minutes from its last FOMC meeting on March 17 and 18. The meeting…

Is ZEC Breakout a Bull Trap?

Zcash (ZEC) rallied after President Donald Trump announced a two-week ceasefire deal with Iran, leading gains in a broader relief rally across global risk markets. Key takeaways: A 2021-style fractal warns ZEC price could fall 40% in the coming weeks. Over $50 million in long leverage sits below current prices, leaving ZEC exposed to a…

Canary Capital Submits Application For US Pepe ETF

Asset management firm Canary Capital is looking to launch a spot exchange-traded fund (ETF) tied to the PEPE memecoin.  On Wednesday, Canary filed a Form S-1 for the CANARY PEPE ETF with the US Securities and Exchange Commission. The ETF would track the performance of Pepe (PEPE), with all of the trust’s PEPE held by…

Bitcoin Has 3–5 Years to Prepare for Quantum Risk: Bernstein

Advances in quantum computing could eventually pose a threat to Bitcoin’s cryptographic security, but the risk remains manageable and unlikely to cause existential disruption, according to a new research report by Bernstein. In the report, the Bernstein team — Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra — described quantum computing as a “manageable…

US Treasury Moves Forward with GENIUS Act, Focusing on Illicit Finance

Payment stablecoin issuers in the United States will be required to implement a regime targeting illicit finance under the proposed framework for the GENIUS Act. In a Wednesday notice, the US Treasury Department said its Financial Crimes Enforcement Network and Office of Foreign Assets Control (OFAC) had issued a joint proposed rule to implement provisions…