Author: rb809rb

  • Bearish sentiment builds in crypto as volatility and hedging rise

    Bearish sentiment builds in crypto as volatility and hedging rise

    The crypto market exhibited signs of volatility on Tuesday, with bitcoin spiking to $68,300 shortly after midnight UTC before tumbling back to $66,500.

    The initial spike was spurred by reports that U.S. President Donald Trump was willing to end the war in Iran without the Strait of Hormuz being opened. The optimism faded after Israeli officials said they were prepared to “keep operating for weeks to come.”

    The war, now in its 32nd day, has sent energy prices surging, with Brent crude trading around $107 per barrel, leading to inflation concerns and widespread risk-off sentiment.

    Crypto, while being relatively resilient throughout March, is beginning to show signs of weakness after bitcoin failed to rise above $75,000 on two occasions.

    U.S. equities diverged from the crypto market on Tuesday, with Nasdaq 100 and S&P 500 index futures both adding 0.8%.

    Derivatives Positioning

    • Cumulative industry-wide crypto futures open interest (OI) dropped over 3% to $103.79 billion in 24 hours, continuing the risk-off trends observed throughout the first quarter. The tally has declined by over 18% since the start of the year.
    • OI has declined across BTC, ETH, SOL, and XRP futures, indicating capital outflows from the major cryptocurrencies. Other tokens, such as $BCH, AVAX and LTC, have seen double-digit percentage declines in open interest.
    • Privacy-focused ZEC stands out, with its futures market exhibiting bullishness. The token’s OI rose more than 3% alongside mildly positive funding rates and cumulative volume delta. This combination points to an increasing demand for bullish exposure.
    • At the other end is DOGE, which has the most negative 24-hour cumulative volume delta among major tokens.
    • Bitcoin’s 30-day implied volatility index, BVIV, has ticked up to 58% from 54% late last week, topping its 50-day average to suggest more gains ahead. This means potential for increased price turbulence.
    • Ether’s volatility index remains dead flat between 70% and 80% for the seventh straight day.
    • On Deribit, bitcoin risk reversals out to the June end expiry show a strong bias for put options. These downside hedges trade at an 8 to 10 volatility-point premium to calls. Meanwhile, bearishness is relatively measured in ether.
    • The $60,000 bitcoin put remains the most popular play with a total open interest of $1.50 billion.

    Token talk

    • The altcoin market suffered more than bitcoin on Tuesday, with tokens like NEO, HBAR and PUMP losing between 2.6% and 3.3% since midnight UTC.
    • A select few tokens are bucking that trend, including $BCH and AI-related coins, which are in the black.
    • CoinMarketCap’s “Altcoin Season” indicator is currently printing 51/100, reflecting relative strength over the past few weeks in spite of Tuesday’s selloff.
    • However, the next major move will still be determined by bitcoin and whether it can either break above $75,000 or below $62,000. Altcoins typically perform well when bitcoin consolidates, but lose ground during big swings.
  • AT&T now offers a single subscription for both wireless service and home internet

    AT&T just announced OneConnect, a new service that lets customers sign up for both wireless service and fiber home internet under a single subscription. Pricing starts at $90. This could end up saving some serious bucks, especially for those who are paying around $100 per month for each from separate providers.

    These plans offer unlimited mobile data, which is great. The home internet speed caps at 1Gbps, which is a decent enough metric.

    Pricing starts at $90 per month, which includes a single phone line, unlimited data. This plan also covers mobile data for three devices of the user’s choosing, like smartwatches and tablets.

    A pricing chart.

    AT&T

    Family plans shoot all the way up to $225 per month, but the pricier subscriptions increase the number of covered mobile devices to ten and allow up to ten concurrent phone lines. This could be a huge money-saving opportunity for large families.

    The company hasn’t said anything about throttling users once they reach a certain cap on mobile data, which should please customers. This is similar to how T-Mobile handles its Magenta Max plan. Taxes and fees are included in the quoted prices, which means there shouldn’t be any surprises when the bill comes around.

  • Attention Binance Users: Announcement Made, New Cryptocurrency Feature Coming!

    Attention Binance Users: Announcement Made, New Cryptocurrency Feature Coming!

    Binance, the world’s largest cryptocurrency exchange, is preparing to enter the prediction market.

    According to recent news, Binance Wallet has announced the launch of its prediction market service. With this move, Binance is testing an in-app prediction market feature and joining the growing list of cryptocurrency exchanges venturing into this new sector.

    Binance Wallet announced in an official statement that it will be sourcing features from third-party providers and has partnered with Predict.fun, a protocol running on the $BNB Smart Chain, to integrate prediction markets into Binance Wallet. Accordingly, a prediction market will be launched with Predict.fun acting as the provider.

    Users will be able to participate in various bets created on Predict.Fun, a decentralized protocol based on $BNB Smart Chain (BSC). This feature will allow users to bet on future outcomes in areas such as sports, economics, world events, culture, and cryptocurrencies.

    All transactions are conducted using Tether (USDT). Service may be restricted depending on local regulations.

    With the new feature, users will need to create a separate, dedicated forecasting account to trade on event contracts, distinct from their spot trading accounts.

    However, it remains unclear when Binance will officially roll out this feature or in which jurisdictions it will be available.

    Binance’s move comes at a time when many major global cryptocurrency exchanges are entering the prediction market. As a reminder, in January Coinbase partnered with Kalshi and expanded its prediction market service to users across the US. Meanwhile, in February, Crypto.com launched an independent prediction market platform called OG.

    *This is not investment advice.

  • SXSW London: Sharon Horgan, Russell T Davies and Tom Quinn Set as Keynote Speakers

    SXSW London: Sharon Horgan, Russell T Davies and Tom Quinn Set as Keynote Speakers

    South by Southwest on Tuesday announced the first wave of its world film program and keynote speakers for SXSW London, taking place June 1-6.

    The event’s Screen Festival, which features notable talent and executives from film and TV discussing their work and the future of screen storytelling, will include multi-BAFTA and award-winning actress, writer, producer and director Sharon Horgan; award-winning screenwriter and producer Russell T Davies; and Tom Quinn, founder of Oscar-winning U.S. independent film company Neon.

    Horgan is best known as the creator, co-writer, executive producer and star of the series Bad Sisters, which has earned multiple BAFTAs, Emmy nominations, and international awards. She also co-created the hit comedy Motherland and executive produces its spinoff, Amandaland. Horgan also recently signed a two-year first-look with HBO, launching with original comedy series Youth, written and executive produced by Horgan, who will also star as a 50-year-old divorcee in a search for sex and love while juggling caring for her ailing parents and parenting her should-be grown-up son.

    Davies was awarded the 2006 Dennis Potter Award at BAFTA for his writing services to television and an OBE in the Queen’s 2008 Birthday Honours list for services to drama. His credits include creating Queer as Folk and reviving Doctor Who. He also adapted A Very English Scandal and wrote the BBC One/HBO drama Years and Years, among other credits. He has an upcoming original five-part drama Tip Toe for Channel 4.

    Quinn is the CEO and founder of Neon, which was established in 2017. Over the past nine years, Neon has nabbed 57 Oscar nominations, with 11 total wins, including two for best picture (Parasite and Anora). Neon has won the Palme d’Or at the Cannes Film Festival six consecutive times, including this most recent year’s winner, It Was Just an Accident. In 2024, Neon was named The Hollywood Reporter’s Independent Studio of the Year. Upcoming films include Steven Soderbergh’s The Christophers; Hokum,  starring Adam Scott; and Sundance hit Leviticus.

    Also on Tuesday, organizers announced the first wave of films that will be included in the Screen Festival. The event aims to spotlight films from across the world, with more than 43 countries represented in 2025 and films from 22 countries already confirmed for this year’s edition. Organizers said that the international focus of the fest’s program “reflects the multiculturality of London and brings together up-and-coming global talent to connect with the U.K. industry.”

    Said Anna Bogutskaya, head of Screen at SXSW London: “SXSW London Screen Festival is not designed to be just another film festival. What we’re building here is a bridge between international talent and the U.K., between film and the wider creative industries, and points of connection between film, music, art and technology. The program we have curated is celebrating those filmmakers and artists who are exploring and exploding the possibilities of filmmaking. London is a global city, and cinema is an international language. What we’re looking for — and what we are excited to bring to London audiences this summer — is that electricity of discovering something truly groundbreaking from places they weren’t looking in.”

    The films, with the official loglines, include:

    Feast or Famine 
    (Dir: Adrian Choa & Michael Boccalini) (U.K.) – World Premiere
    Narrated by Marco Pierre White, this feature documentary follows London restaurant ‘Angelina’ as it vies for a Michelin Star under the shadow of the colossal French tire company responsible for categorically shaping chefs’ destinies.

    The Remedy 
    (Dir: Alex Kahuam) (U.S.) – World Premiere
    A troubled young man is the caregiver for both his terminally-ill mother and his mentally-ill sister. When he makes a desperate attempt to save his mom, he unleashes a supernatural entity that feeds on human flesh.

    All Night Wrong 
    (Dir: Jason James) (Canada) – World Premiere
    Gary and Ell meet on a blind date only to wind up stealing a killer’s car along with a dead body and $40,000.

    Amoeba 
    (Dir: Siyou Tan) (Singapore, The Netherlands, France, Spain, South Korea) – U.K. Premiere
    Four teenage girls form a gang as an act of resistance in a country where chewing gum and feeding pigeons are illegal.

    Becoming 
    (Dir: Zhannat Alshanova) (Kazakhstan, France, The Netherlands, Lithuania, Sweden) – U.K. Premiere
    In Kazakhstan, 17-year-old Mila escapes her chaotic home by joining an open-water swimming team — but when her place is threatened, she risks everything to keep the fragile balance she’s found.

    On the Road 
    (Dir: David Pablos) (Mexico) – U.K. Premiere
    A drifter who sleeps with truckers meets a reserved driver and joins him hauling freight across northern Mexico. As they grow closer on the road, the drifter’s past threatens them both.

    Father 
    (Dir: Tereza Nvotová) (Slovakia) – U.K. Premiere
    A tragic mistake destroys a man’s life, isolating him in guilt and shaking his marriage. Now facing prison, can he find a path to forgiveness? Can love survive what no heart was built to endure?

    Hijra 
    (Dir: Shahad Ameen) (Saudi Arabia, Iraq, Egypt, U.K.) – U.K. Premiere
    Twelve-year-old Janna sets off for Mecca with her strict grandmother, Sitti, and rebellious sister, Sarah, to perform Hajj. But before they reach their destination, Sarah vanishes — forcing Janna and Sitti into a tense, urgent search. Fearing Sarah’s father will find out, Sitti and Janna push themselves to the limit, desperate to uncover why Sarah disappeared. Their journey spans from southern Saudi Arabia to its northern borders, crossing old pilgrimage routes and confronting strangers, harsh landscapes, and long-buried family secrets. As they grow closer, Janna begins to unravel stories from Sitti’s rich and complex past. The search reveals deep intergenerational rifts among the women in their family. And as their difficult journey begins to echo the spiritual trials of Hajj, Janna and Sitti may find something greater than reconciliation — redemption.

    It Would Be Night in Caracas
    (Dir: Mariana Rondón, Marité Ugás) (Mexico) – U.K. Premiere
    In crumbling Caracas, after burying her mother, Adelaida finds her home taken by armed militia. With society falling apart, she must risk all, including her identity, to survive.

    Maddie’s Secret
    (Dir: John Early) (U.S.) – U.K. Premiere
    A food influencer secretly struggles with bulimia as she navigates online fame, close friendships and a painful past.

    Remake 
    (Dir: Vladlena Sandu) (U.S.) – U.K. Premiere
    How can the cycle of violence that shapes children and is passed through generations be broken?

    Sicko 
    (Dir: Aitore Zholdaskali) (Kazakhstan) – U.K. Premiere
    Overwhelmed by debt, young couple Azamat and Tanshoplan hatch a desperate plan: fake a terminal illness to raise money through a viral charity campaign. But as the donations pour in and public sympathy grows, their lie spirals out of control.

    Whistle 
    (Dir: Christopher Nelius) (Australia) – U.K. Premiere
    At the Masters of Musical Whistling competition, where virtuoso whistlers compete for global supremacy and bragging rights, we follow an array of quirky personalities and dazzling talents in a film sure to be a crowd-pleaser.

    The Whisper 
    (Dir: Gustavo Hernández Ibáñez) (Uruguay, Argentina) – U.K. Premiere
    Fleeing their violent father, siblings Lucía and Adrián hide in a remote mansion. Using a cat’s hidden micro-camera, Lucía discovers their neighbors run a criminal ring kidnapping teens for snuff films—and plan to eliminate the siblings. As she protects Adrián, a dark family curse invades their sanctuary.

    La Carn 
    (Dir: Joan Porcel) (Spain) – U.K. Premiere
    Lluís Garau, a young dancer, creates a performance inspired by a platform that randomly connects strangers through video calls. But when his online life and his real life begin to intertwine, the boundaries between the virtual and the tangible blur — leaving an irreversible mark on his final work: La Carn.

    Barrio Triste
    (Dir: Stillz) (Columbia, U.S.) – U.K. Premiere
    Four teens as they document their own rowdiness in a hauntingly poetic portrait of violence and loneliness.

    Intelligence Rising
    (Dir: Elena Andreicheva) (U.K.) – U.K. Premiere
    Global heavyweights – from military strategists to philosophers – join AI leader Marc Warner for a bold wargame exploring how artificial intelligence might reshape power itself. Intelligence Rising reveals what happens when the brightest minds face the future they helped create.

  • Canneseries to Honor Jisoo, Adam Scott, Richard Gadd

    Canneseries to Honor Jisoo, Adam Scott, Richard Gadd

    International television festival Canneseries, will honor K-Pop superstar and actress Jisoo, Severance star Adam Scott and Baby Reindeer creator Richard Gadd at this year’s event.

    Jisoo will receive the Madame Figaro Rising Star Award, Gadd the Prix Konbini de L’Engagement honor, and Scott this year’s Canal+ Icon award.

    Gadd’s Baby Reindeer follow-up, Half-Man, premiering on HBO on April 23, will screen out of competition at Canneseries. The high-profile out of comp line-up also includes AppleTV+’s Soviet-era sci-fi series Star City; AMC’s horror anthology The Terror; BBC drama California Avenue with Bill Nighy and Helena Bonham Carter; Canal+ period procedural Paris Police 1910; and Sky’s Prisoner starring Tahar Rahim.

    Canneseries 2026 competition lineup includes British relationship dramedy Alice and Steve, staring Jemaine Clement and Nicola Walker as unlikely friends; the Finnish/Slovenian psychological drama Guts (Finland/Slovenia); Danish series Harvest — described as a Succession-style drama set on a family farm; the Spanish coming-of-age dramedy I Always Sometimes; Danish real-life crime drama Snake Killer; Swedish period series Summer of 1985; the Spanish comedy thriller Many People Need to Die; and The Red and the Black, an Iranian drama from Ida Panahandeh and Arsalan Amiri (At the End of Night).

    Spanish director Isabel Coixet (My Life Without Me) will head up this year’s competition jury, together with director Lesli Linka Glatter (Homeland, Mad Men); actors Simon Astier (Hero Cop), Vincent Elbaz (The Hundred-Foot Journey), and Mamadou Sidibé (A Prophet: The Series); and composer Ruth Barrett (The Terminal List).

    The Canneseries industry section, which runs April 23-25, will feature discussions and keynotes from The White Lotus producer David Bernad and Our Boys creators Hagai Levi and Tawfik Abu Wael as well as panels on K-Drama, artificial intelligence, and vertical, mobile-phone-first series, among others.

    The 2026 Canneseries festival runs April 23-28.

  • Jack Dorsey’s Square Automatically Enables Bitcoin Payments for Millions of Sellers

    Jack Dorsey’s Square Automatically Enables Bitcoin Payments for Millions of Sellers

    In brief

    • Square has automatically enabled Bitcoin payments as the default setting for eligible U.S. sellers.
    • The shift affects 4 million merchants who can now accept Bitcoin with zero fees.
    • Sellers receive USD by default through background conversion, though they can opt out or adjust settings.

    Block’s Square payments platform has begun automatically enabling Bitcoin payments for eligible U.S. sellers, shifting from an opt-in to an opt-out model in a move that could significantly expand mainstream Bitcoin payment adoption.

    The change, which co-founder and CEO Jack Dorsey—an outspoken Bitcoin maximalist—confirmed began rolling out on Monday, affects an estimated 4 million merchants.

    “Starting today, eligible U.S. Square sellers will begin having Bitcoin payments automatically enabled. Sellers who accept Bitcoin will receive USD as default,” said Miles Suter, Block’s Bitcoin product lead. He added that the ability will roll out to all sellers in the coming month.

    Under the new system, merchants who accept Bitcoin payments will receive USD as their default settlement currency, with the conversion handled automatically in the background. The feature comes with zero fees for accepting Bitcoin payments.

    Merchants retain control over the feature and can opt out or adjust settings if they prefer not to accept Bitcoin payments. The automatic enablement represents a strategic shift in how payment processors approach cryptocurrency integration, moving from requiring merchants to actively choose Bitcoin acceptance to making it a default option.

    Block first launched the Bitcoin payments feature for all sellers last November, after testing and then gradually rolling out the functionality. Previously, Square users would have to optionally enable the feature, ahead of the shift announced Monday.

    Dorsey has led Block towards a number of Bitcoin initiatives beyond Square payments terminals, including buying and selling BTC in Cash App, launching a Bitcoin hardware wallet, and developing a modular Bitcoin mining system. Despite Dorsey’s own personal Bitcoin fandom, Cash App is enabling stablecoin support—though he’s grumbled about the move.

    Block recently laid off over 4,000 people—representing about 40% of its staff—in a move to maximize efficiency and further embrace AI tools. Block’s stock (XYZ) is up more than 1% on the day to $56.76, as of this writing, down about 11% over the last month.

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  • Ethereum Foundation Stakes More ETH, Boosting Total to $50 Million

    Ethereum Foundation Stakes More ETH, Boosting Total to $50 Million

    In brief

    • The Ethereum Foundation staked more than $46 million worth of ETH on Monday.
    • The move is the organization’s second staking action, with nearly $50 million staked in total.
    • The initiative is part of its new treasury plan designed to “enhance financial sustainability.”

    The Ethereum Foundation staked another 22,517 ETH, or $46.2 million worth, as part of its previously announced staking initiative, according to on-chain data curated by blockchain analytics firm Arkham Intelligence. 

    The latest batch was staked in 11 distinct transactions, with 2,047 ETH or around $4.2 million worth staked each time. In total, the firm has now staked 24,623 ETH, valued around $50 million, since it began proactively implementing staking as part of a revamped treasury strategy unveiled last June

    As part of that newly established strategy, the organization promised to more frequently utilize staking and DeFi protocols to “enhance financial sustainability and to support a key application category that is delivering on the promise of permissionless secure access to base civilizational infrastructure.” 

    Staking refers to the act of locking up tokens to help validate Ethereum’s proof-of-stake network, and provides back ETH token rewards in the form of yield to those who do so. Approximately $78 billion worth of ETH is currently staked in the network.

    The Ethereum Foundation intends to ultimately stake around 70,000 ETH, or $142 million worth of the second largest crypto asset, with all the rewards flowing back to the Foundation. Based on data from Arkham, the Foundation holds around 147,000 ETH at present time, with a portfolio valued at more than $364 million in total. 

    The organization’s on-chain activity comes amid its funding of the Ethereum Economic Zone (EEZ), a new framework designed to better align infrastructure and stakeholders within the Ethereum ecosystem. 

    Proposed by Gnosis and Zisk, the “economic zone” aims to address barriers and limitations currently present for Ethereum’s layer-2 scaling networks. For example, under the EEZ framework, layer-2s can operate in shared environments, avoiding duplicative work while removing some of the isolation that layer-2 networks may have from Ethereum mainnet. 

    The EEZ’s introduction comes shortly after Ethereum co-founder Vitalik Buterin pressed the importance of a “new path” for the layer-2 network roadmap, asking for scaling networks to act less like “extensions” of Ethereum mainnet. 

    Buterin has not yet publicly commented on the Ethereum Economic Zone, but he did re-post the introductory announcement from the EEZ on X—a potential sign of endorsement. 

    A representative for the Ethereum Foundation did not immediately respond to Decrypt’s request for comment.

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  • Dialled In Launches Record Label in Partnership With Island-EMI’s The Collective, Signs Excise Dept and Ahadadream (EXCLUSIVE)

    Dialled In Launches Record Label in Partnership With Island-EMI’s The Collective, Signs Excise Dept and Ahadadream (EXCLUSIVE)

    South Asian culture platform Dialled In has unveiled Dialled In Records, a London-based label dedicated to developing and breaking South Asian artists across genres. The label has launched in partnership with The Collective, the A&R entrepreneur imprint within Island-EMI at Universal Music Group U.K.

    The label’s inaugural signings are Ahadadream — one of Dialled In’s own co-founders — and New Delhi and Mumbai-based multidisciplinary collective Excise Dept. Born and raised in Karachi before relocating to the U.K. at 12, Ahadadream has become a notable presence on the British music scene, earning the backing of major names including Skrillex, with whom he features on debut single “Bass Dhol” alongside Raf Saperra. Excise Dept blend experimental electronics with South Asian identity, singing and rapping across multiple regional languages — their inclusion speaks to the label’s intention to work with artists based on the subcontinent itself, not only within the diaspora.

    Dialled In co-founder Dhruva Balram framed the launch as the culmination of an infrastructure the organization has spent five years assembling across live events, touring, artist development and now recorded music. “This isn’t just a label launch,” Balram said. “It’s a statement about what’s possible when you build from within the culture, with the right people and refuse to compromise.”

    The Collective’s A&R director Callum Ross, who hails from an Indian family, said the partnership’s appeal lays in Dialled In’s willingness to challenge received ideas about what South Asian music looks like today. “Their take on what South Asian music is in 2026 is so refreshing — it challenges and breaks stereotypes,” he said. Nicola Spokes, managing director of The Collective at Island-EMI, praised the platform’s range and its focus on artist development, adding that Dialled In brings “deep commitment to signing, developing and breaking artists on the global stage” and calling the launch “a truly special moment.”

    Founded by a collective of South Asian entrepreneurs, curators and music professionals, Dialled In has built a presence across South Asian arts and culture in the U.K. over the past five years, with programming reaching institutions such as Glastonbury, the Barbican and the V&A as well as grassroots venues.

    The label will be celebrated at the Dialled In 5th Birthday Festival on May 30, a one-day event spread across eight Dalston venues, drawing an expected 3,000 attendees alongside a lineup of international South Asian acts.

  • Jack Whitehall to Host ‘SNL U.K.’ With Jorja Smith as Musical Guest

    Jack Whitehall to Host ‘SNL U.K.’ With Jorja Smith as Musical Guest

    Saturday Night Live U.K.” has revealed that British comedian Jack Whitehall will host the April 11 episode with R&B artist Jorja Smith as the musical guest.

    Whitehall is best known for his time as a panelist on the comedy game show “A League of Their Own” and his Netflix docuseries “Travels With My Father.” Smith released her second album, “Falling or Flying,” in 2023 and is gearing up to headline London’s All Points East Festival alongside Tems in August.

    The series, which is set to run for eight episodes, will then take a weeklong hiatus and return for its next batch of shows starting April 25.

    The first-ever season of the British twist on the U.S. comedy staple kicked off on March 21 with host Tina Fey and musical guest Wet Leg. Last weekend’s show featured Jamie Dornan with Wolf Alice, and Riz Ahmed is up next on April 4 with Kasabian. Just before its premiere, Sky revealed that the first season of “SNL U.K.” had been extended from six episodes to eight.

    SNL U.K.‘s” first episode delivered solid ratings for Sky and mostly positive reviews, while the Dornan-hosted second episode experienced a slight dip in viewership. In his review for Variety, Scott Bryan wrote that the show is strongest when leaning into what makes British comedy great.

    “Thankfully, ‘Saturday Night Live U.K.’ largely took the basics of what makes the U.S. version successful — sketch comedy, rotating guest hosts and the unpredictability of live television — and left the Brits to it. That’s where it works,” Bryan wrote. “The sketches are darker and more surreal than its U.S. counterpart, the comedy much more deadpan. Even if all the sketch itself doesn’t work (hey, they kept that feature too) there’s enough one-liners to keep you going and try out the next.”

  • Galaxy Digital Analyst Alex Thorn: “There’s a Hidden Reason Why Banks Are Stopping Bitcoin and Cryptocurrencies”

    Galaxy Digital Analyst Alex Thorn: “There’s a Hidden Reason Why Banks Are Stopping Bitcoin and Cryptocurrencies”

    The cryptocurrency world is discussing not so much Bitcoin’s price movements, but rather the intriguing paradox between institutional adoption and regulatory pressures.

    Appearing on The Wolf Of All Streets, Alex Thorn stated that global banks are facing the “Innovator’s Dilemma,” suggesting they are conducting a strategic “delay” operation.

    According to Thorn, giant institutions like JPMorgan and Morgan Stanley are simultaneously establishing their own crypto custody services and blockchain-based payment systems, while also creating legal obstacles to stifle the industry through their lobbyists in Washington.

    Thorn summarizes the situation with these words: “Banks are currently both building things and obstructing the process through their lobbyists. This is actually a clever strategy: They are slowing down innovation and buying time to integrate their own products before advanced technologies displace them.”

    Related News BREAKING: Fed Chair Jerome Powell Is Making Hot Statements

    Thorn notes that despite Bitcoin being in the $70,000 range, there is a “bear market feeling” in the market, attributing this to the complacency that comes with success.

    Thorn says that individual investors are disappointed, while institutions are quietly and steadily continuing to enter the market, noting that the gap between these two groups has widened more than ever before.

    Thorn predicts that the biggest future surge may come not from politicians, but from “Autonomous Agents.” Citing research, Thorn notes that autonomous AI tools tend to prefer stablecoins for payments and Bitcoin for savings and value preservation.

    Thorn argues that AI could become one of the biggest players in the Bitcoin economy, saying, “It’s very easy to explain to a rational machine why it should prefer a currency that cannot be seized and that has no sovereignty.”

    *This is not investment advice.