Tag: CRYPTOS FoxBusiness.

Jeff Dorman, Chief Investment Officer (CIO) of crypto asset management company Arca, argued in a comprehensive assessment that Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and $XRP are among the key factors limiting the overall performance of the crypto market.

According to Dorman, while adoption of crypto and blockchain technologies is rapidly increasing, the fact that this growth is not reflected in prices to the same extent points to a notable divergence in the sector.

Dorman noted that digital assets have shown relatively strong performance against gold, stocks, and bonds in the past week. He stated that Bitcoin has been particularly supported by institutional demand and ETF inflows, and that Ethereum’s outperforming Bitcoin has boosted short-term optimism. However, he added that while the double-digit increases seen in projects like Hyperliquid (HYPE) and Bittensor (TAO) are noteworthy, these movements remain limited given the historical volatility of the crypto market.

Dorman noted that while adoption in the cryptocurrency ecosystem is increasing at a record pace, this growth isn’t sufficiently reflected in token prices. He explained that this could be partly due to prices lagging behind developments, and partly because much of the adoption doesn’t directly translate into value for token holders. According to the analyst, the main problem is that some cryptocurrencies, among the largest assets by market capitalization, fail to offer a strong and sustainable investment thesis.

Addressing Bitcoin specifically, Dorman argued that the asset has lost many of the trends it was built upon over the years. He stated that Bitcoin no longer behaves like “digital gold,” its inflation hedging function has weakened, and it lags behind stablecoins as a means of payment. He also noted that the impact of the 21 million supply limit has diminished with the rise of derivative products. While acknowledging that Bitcoin has become a more regulated asset, Dorman argued that it still lacks a strong narrative to support long-term value appreciation.

Dorman, who also leveled similar criticisms against Ethereum and Solana, argued that while these two networks are technically successful Layer-1 projects, they fall short in directly delivering value to token holders. High inflation rates, the increasing commodification of block space, and weak value capture mechanisms are among the main criticisms. According to Dorman, these networks need to achieve much larger-scale adoption to justify their current valuations.

Dorman took a harsher tone regarding $XRP, arguing that there is no meaningful connection between the token and the Ripple company. He stated that $XRP has limited use cases and that the token economy is not investor-friendly, adding that Ripple’s regular sales put pressure on the market.

In his overall assessment, Dorman argued that the crypto sector’s reliance heavily on these four assets hinders healthy market growth. He stated that this situation has transformed the market into one dominated by short-term traders, leaving little room for long-term and fundamentally focused investors.

According to Dorman, the real growth in the crypto ecosystem is happening in areas such as stablecoins and payment systems, decentralized finance (DeFi), and the tokenization of real-world assets (RWA). However, Dorman stated that this growth doesn’t directly add value to major crypto assets, and that if the sector shifts its focus to these areas, prices could become more aligned with adoption.

*This is not investment advice.

A single on-chain indicator has quietly called every major Bitcoin cycle bottom for the past decade, and it is now approaching that important level once again.

The setup comes from a monthly Bitcoin chart paired with the NUPL indicator, which tracks whether the average holder is sitting on unrealized profit or loss. In each of the last three major bear market lows, the indicator fell into the same area and touched a rising trendline.

Nailing The Bitcoin Bottom

Bitcoin’s latest break above $70,000 and into the mid-$70,000s has seen a bullish mood slowly returning. The fear and greed index has improved, but one question is still unresolved. Has the market already found its bottom, or is another washout still ahead? Interestingly, a long-term reading of the Net Unrealized Profit/Loss, or NUPL, shows that the answer may lie in a pattern that has repeated across multiple market cycles.

NUPL is a clean sentiment gauge in Bitcoin analysis because it strips price action down to a question of whether holders, on average, are in profit or in pain. When the reading is high, the market is sitting on large unrealized gains. When it falls hard, those profits disappear, and losses dominate.

The monthly candlestick chart shows that Bitcoin’s major cycle lows have consistently formed when NUPL resets into deep territory and tags a long-term ascending support line. That happened at the 2015 cycle bottom, repeated again at the 2018 bear market low, and showed up once more around the 2022 bottom. Each of those touches came at points when sentiment had already been crushed, and the Bitcoin price had shed most of its previous gains.

The current NUPL reading of 22.9 represents a cryptocurrency that is still in modest aggregate profit, although it has shed a huge portion of the gains investors accumulated during the rally to the October 2025 peak above $126,000.

Is The Bottom Already In?

According to a crypto analyst that goes by the name CrypFlow on the social media platform X, the NUPL indicator is now approaching that level of Bitcoin bottoms again. If this pattern holds, Bitcoin may still need another deeper reset in sentiment before the market reaches a true long-term washout.

Price may have already corrected a lot, but the indicator shows the emotional capitulation seen at prior bottoms may not be complete yet. The NUPL might continue to push downwards and reach the trendline before a bottom is confirmed.

Related Reading: Analyst Says Bitcoin Bulls Have Won And This Is The Next Target

Although no single indicator can call every bottom with perfect precision, the NUPL leaves room for the possibility that one final price crash could still come before the next full cycle expansion begins. At the time of writing, Bitcoin is trading at $74,220, up by 1.3% in the past 24 hours.

Featured image from Pngtree, chart from Tradingview.com

Ondo Finance, an innovative DeFi platform that focuses on connecting Traditional finance with blockchain markets by tokenizing institutional-grade RWAs such as U.S. Treasury bonds and several others, today announced a strategic partnership with Bitget, a centralized crypto exchange that allows users to buy, sell, and trade digital assets. As disclosed today on X social media, this collaboration enabled Ondo to launch its tokenized version of U.S. stocks, ETFs, and community-linked products on Bitget, an integration that makes such RWAs (real-world assets) accessible to millions of global customers on the global cryptocurrency exchange.

Ondo Bridging Tokenized Assets With Crypto Trading

The integration of these digital securities on Bitget aims to expand the accessibility of Ondo’s real-world assets, showcasing Ondo’s commitment to driving the adoption of tokenized securities globally. Last month, Ondo brought its tokenized US stocks and ETFs to Binance, highlighting its ongoing commitment to expanding the adoption of tokenized assets.

Beginning this week, Bitget’s crypto exchange will list multiple Ondo’s tokenized products, including TSLAon, NVDon, IVVon, SPYon, QQQon, IAUon, SLVon, and many more, allowing its huge customer base worldwide to gain economic exposure to these highly sought-after American assets through a regulated framework. By listing such tokenized offerings, Bitget is widening the accessibility of global investing, developing more financial flexibility, liquidity, and inclusivity than before.

Bitget is a crypto exchange known for offering a wide variety of cryptocurrencies for trading and low fees, supported by strong security features. Established in 2018 and based in Seychelles, Bitget has experienced rapid growth, currently serving millions of global customers in multiple countries and regions, offering copy, futures, and spot trading on its platform.

Driven by innovation, the exchange constantly pushes to revolutionize how digital assets fulfill mainstream investors’ needs. The listing of Ondo’s tokenized assets on Bitget is a natural continuation of the exchange’s mission. This integration is crucial as it expands the usage and adoption of RWAs. It means customers can trade Ondo’s tokenized assets using crypto balances on Bitget, convert profit into stablecoins, lending, staking, etc. By integrating Bitget’s massive customer base spanning over 150 countries, Ondo’s tokenized RWAs trading is anticipated to maintain robust demand.

Tokenization: A Driver To Global Financial Inclusion

The partnership between Ondo and Bitget represents a strategic combination of Traditional financial assets with blockchain infrastructure, introducing regulated digital securities into the flexibility of crypto asset trading. Access to US yield-bearing assets such as tokenized US equities, ETFs, treasuries, and commodities has historically been limited due to regulatory, geographical, and financial infrastructural obstacles. Although large institutions in certain jurisdictions have always enjoyed full access, millions of retail investors worldwide have experienced significant barriers.

Ondo’s collaboration with Bitget is part of wider efforts to dismantle such limitations. The partnership means users from Nigeria, Brazil, Pakistan, and several other countries can now access and trade US tokenized assets instantly, just like the way they trade Bitcoin on Bitget.

WASHINGTON, D.C. — The Senate’s stalled crypto market structure bill is making progress behind-the-scenes, the chairman of the body’s Banking Committee said Tuesday.

Senator Tim Scott, who heads the banking panel overseeing the market structure bill, said at the Digital Chamber’s DC Blockchain Summit that lawmakers may see a new draft of at least stablecoin language as soon as this week.

Stablecoin yield has been the most publicly debated issue in the market structure bill, but lawmakers have remained engaged, Scott said.

“I believe that this week we will have the first proposal in my hands to take a look at,” he said. “If that actually happened before the end of this week, and I think that it will, we’ll at least know that the sketch looks like the person. If that’s the case, I think we’re gonna be in much better shape.”

He credited Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and the White House’s Patrick Witt for their efforts on yield.

Other outstanding issues have also been negotiated, particularly over the past month, he said, pointing to concerns lawmakers had about U.S. President Donald Trump and his family’s crypto projects, the lack of bipartisan commissioners at the major regulatory agencies and know-your-customer regulations.

“I think we’re very close to landing the plane on the ethics issue, on quorum,” Scott said. “We know that that’s a big issue for our friends on the other side of the aisle, so we’re fixing that as well. I think we’re moving forward with some [nominations], which is great news that we were able to get some out of the other side. I think the issue of DeFi is something that [Senator] Mark Warner’s held on tightly, AML [anti-money laundering] being a very important part. So I think we’re working on that issue.”

In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws.

In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would serve as an “important bridge” as lawmakers in the US Congress consider market structure legislation which will codify how financial regulators oversee digital assets.

The commission said the interpretation would provide a “coherent token taxonomy for digital commodities, digital collectibles, digital tools, stablecoins, and digital securities,” address how a “non-security crypto asset” may or may not be considered an investment contract under the SEC’s purview, and clarify federal securities laws on “airdrops, protocol mining, protocol staking, and the wrapping of a non-security crypto asset.”

“This is what regulatory agencies are supposed to do: draw clear lines in clear terms,” said SEC Chair Paul Atkins. “It also acknowledges what the former administration refused to recognize -– that most crypto assets are not themselves securities. And it reflects the reality that investment contracts can come to an end.”

Source: SEC on X

According to Atkins’ prepared remarks for the DC Blockchain Summit on Tuesday, “only one crypto asset class remains subject to the securities laws” under the interpretation, and those were “traditional securities that are tokenized.” The commission called on market participants to review the interpretation to “better understand the regulatory jurisdiction between the SEC and CFTC” on cryptocurrencies.

The SEC notice came as lawmakers in the US Senate continue to negotiate terms under which they may reach an agreement on a digital asset market structure bill. The legislation is expected to give the CFTC more authority in overseeing cryptocurrencies.

Shakeup in SEC enforcement leadership draws criticism

On Monday, the SEC announced that its enforcement division director, Margaret Ryan, has resigned from the agency. Its principal deputy director, Sam Waldon, was named as acting enforcement director.

In response to Ryan’s departure, former SEC official John Reed Stark said “not a single person on this planet” believed the commission’s claims that the enforcement director prioritized investor protection and “renewed focus on holding individual wrongdoers accountable” at the agency.

“The SEC has abandoned its identity,” said Stark on Monday. “It has transformed from the cop on Wall Street’s beat into something far more troubling, a regulatory body that functions less like a law enforcement agency and more like a concierge service for the largest financial players in the country.”

A 19-year veteran of the regulator, Stark was founder and chief of the SEC’s Office of Internet Enforcement, according to his LinkedIn profile.

Atkins, along with SEC Commissioners Mark Uyeda and Hester Peirce — all Republicans — remain the only three leaders at the agency on a panel intended to consist of a bipartisan group of five members. As of Tuesday, US President Donald Trump had not announced any plans to nominate other commissioners to the SEC or CFTC, which had only one Senate-confirmed member.

With risk appetite recovering in global financial markets, Bitcoin ($BTC) has surpassed the $75,000 level for the first time in a long time. Major altcoins, including Ethereum (ETH), are also showing signs of recovery. Ethereum rose 6.2% in the last 24 hours to $2,330, while XRP increased by 9% to $1.56.

While this increase is attributed to strengthened risk appetite stemming from a combination of factors in the market, such as the recovery in the Nasdaq index and the fall in oil prices, 10x Research CEO Markus Thielen shared his latest analysis.

According to the analyst, the rise in $BTC is due to increased put option sales and liquidations in the options market.

According to Markus Thielen’s analysis, Bitcoin’s recent upward trend was triggered by options traders closing their put positions.

According to CoinDesk, Thielen believes the rally was influenced by a structural shift in put options trading between $55,000 and $60,000.

“The recent rise is largely due to the closing of put options with strike prices of $55,000 and $60,000, as their probability of being realized at expiry has decreased.”

Put options are a hedge against price declines, and investors typically buy them when they expect a market downturn. In this context, a decrease in put options also signals a decrease in expectations of a market decline.

In this context, Thielen noted that during the sharp decline in February, investors heavily purchased put options to hedge against downside risk. However, as the market stabilized, the probability of these options being in the money at expiration decreased, leading investors to close their put positions.

Thielen argues that this process creates upward momentum, as closing put options reduces selling pressure from market makers managing their risks, forcing them to buy $BTC to rebalance their positions, which could ultimately push the $BTC price higher.

*This is not investment advice.

Bitcoin and altcoins are experiencing a significant recovery amid the ongoing US-Iran conflict. Bitcoin has surpassed $75,000, and the effects of this rise are also being seen in Ethereum and other altcoins.

$ETH surged to $2,350, while other major altcoins saw daily gains of up to 10%. With a bullish sentiment prevailing in the market, cryptocurrency analytics company Santiment recently revealed the most popular altcoins in the crypto world.

According to Santiment, investors showed strong interest in altcoins such as Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), Bittensor ($TAO), Fetch.ai ($FET), and Nexo ($NEXO).

Bitcoin led the trending cryptocurrencies in the last 24 hours, surprisingly followed by $ETH, $SOL, $TAO, $FET, and $NEXO.

According to social media data, the most popular cryptocurrencies driving market trends on social media were:

Bitcoin: Trending due to large-scale, institutional $BTC accumulation, as reported by MicroStrategy.

Ethereum: Trending due to institutional staking and spot ETF inflows linked to recent product launches and large company acquisitions. BlackRock’s launch of its $ETH staking ETF, increased ETF inflows, staking yields, large $ETH purchases by miners and firms, and the resulting price increase are fueling discussions.

Solana: Solana is trending due to high-profile NFT issuances, increased on-chain activity, new DeFi protocol launches, high yields compared to Ethereum, and lower fees.

Bittensor: Trending due to its revamped AI token narrative and price increase. Social media posts promote $TAO as an open-source and independent/enterprise AI infrastructure.

Fetch.Ai: Like $TAO, it’s trending due to its revamped AI token narrative and price increase. Weekly percentage gains reaching double and triple digits are fueling the conversation.

Nexo: With cryptocurrency company BlockFills filing for bankruptcy, Nexo is listed as a creditor with $4.746 million in unsecured promissory notes. This is a major focus of discussion, raising concerns about transparency regarding the status of $NEXO token payments.

*This is not investment advice.

Authorities in Argentina have ordered a nationwide block on the prediction market platform Polymarket following a ruling by Buenos Aires Judge Susana Parada on March 16, reporting from Clarín indicates.

Argentina’s ENACOM, which oversees telecoms, broadcasting, internet, radio, and postal services, is tasked with implementing the national measure through ISPs and app stores, preventing access to the platform on both Android and iOS.

The decision follows Polymarket’s accurate prediction of February inflation data ahead of INDEC’s publication, which has drawn scrutiny from authorities and journalists.

Data analysis highlighted small but unusually timed wagers from accounts that normally trade minimal amounts, raising suspicions of insider activity.

According to Clarín, complaints from LOTBA (Buenos Aires City’s lottery authority) and CASCBA (the national gambling industry association), supported by investigations by FEJA (the city’s gambling prosecutor) and CIJ (the technical investigative branch of the Public Prosecutor’s Office), found that the platform operated as an unauthorized online betting system.

The court highlighted that Polymarket allowed easy account creation, accepted crypto assets and credit cards, and lacked age verification, increasing risks for minors.

While some praise the move as protecting users, critics warn it may limit access to global prediction tools, making Argentina the second Latin American country to impose a full ban.

Colombia became the first country in Latin America to ban Polymarket after its gambling regulator, Coljuegos, declared the platform illegal to operate without a license in September 2025 and instructed ISPs to block access.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

The volatility created in global energy markets by the war with Iran in the Middle East could complicate the Fed’s interest rate cut plans. Rising oil and natural gas prices, creating new pressure on inflation, have significantly weakened expectations for an interest rate cut.

Economists expect the Fed to keep its policy interest rate unchanged at its March 18 meeting. However, many analysts had previously predicted a first rate cut in June. The war with Iran, however, has rapidly increased energy prices, leading to a reassessment of these predictions. According to Wall Street analysts, the increase in energy costs could lead to price increases in many areas, including transportation, food, and utilities.

This situation presents a difficult balance for the Fed. On the one hand, the central bank is trying to bring inflation down to its target level of 2% annually, while on the other hand, it has to support a labor market that is showing signs of slowing. The Personal Consumption Expenditures (PCE) index, one of the inflation indicators most closely watched by the Fed, which was released on March 13, showed that prices continued to rise in January. It is noteworthy that this increase occurred before the full impact of the Iran war was felt in energy markets.

According to CME FedWatch data, which is based on futures markets, there is a 99% probability that the Fed will keep interest rates unchanged at 3.5%–3.75% at its March 18 meeting. The same tool calculates a 95% probability that the Fed will not change rates at its April 30 meeting, and a 77% probability at its June meeting. A month ago, these probabilities were 70% and 31%, respectively.

Due to rising energy prices, some economists believe the Fed may not cut interest rates at all this year. EY-Parthenon Chief Economist Gregory Daco stated that they have revised their baseline scenario due to rising inflation expectations, now forecasting only a single 25 basis point rate cut in 2026, likely in December. According to Daco, the possibility of the Fed not cutting rates at all in 2026 cannot be entirely ruled out.

Some analysts go even further, suggesting that the Fed might even raise interest rates in 2026 to control inflation. Sonu Varghese, Chief Macro Strategist at Carson Group, stated that current conditions are already challenging for the Fed, and that if inflationary pressures increase, the central bank might begin discussing rate hikes later in the year instead of cutting them.

Another problem facing the Fed is the weakening labor market. In February, employers in the U.S. laid off 92,000 people, a development considered unexpected by economists. PNC economist Gus Faucher noted that the labor market has been gradually weakening in recent years and that inflation continues to run higher than the Fed would like.

According to Faucher, the fundamental dilemma for the Fed is this: cutting interest rates to support the labor market could accelerate inflation again, while keeping interest rates stable could lead to further weakness in the labor market.

On the other hand, the future leadership of the Fed is also a subject of debate. Gregory Daco stated that if Kevin Warsh is confirmed as Fed chairman, he will need to demonstrate that his monetary policy views are based on economic rather than political grounds.

*This is not investment advice.

IBM is expanding free access to its quantum computers, giving researchers more time with powerful hardware to run experiments as the threat of future quantum advancements hangs over the crypto industry.

The company said Monday it is updating the IBM Quantum Open Plan, a free cloud platform that lets anyone run experiments on real quantum machines. The changes increase runtime limits, add new training resources, and allow access to one of IBM’s more advanced processors.

“Starting today, researchers on the Open Plan who use 20 minutes of runtime within any 12-month period can opt in to a special one-time promotion and get 180 minutes of runtime for the next 12 months,” IBM said in a statement.

IBM’s Open Plan usually gives users 10 minutes of time on a quantum computer every 28 days, which lets researchers run small experiments, test algorithms, and try simple quantum programs.

The update comes as Bitcoin developers debate how soon quantum computing could eventually challenge the cryptography that secures the network.

IBM is also opening access to its Heron R2 processor, called ibm_kingston—a more advanced quantum system capable of running large numbers of quantum operations quickly while keeping error rates relatively low.

With the expanded runtime and hardware access, IBM said, researchers can run more advanced workloads, including hybrid optimization algorithms, error-mitigation experiments, and other research tied to quantum computing. IBM is also introducing a course focused on planning research programs, identifying use cases, and securing research funding.

Over the past year, IBM has reported a series of advances aimed at scaling up its quantum systems.

In October, IBM researchers entangled 120 qubits into a single GHZ “cat state,” demonstrating large-scale quantum entanglement. A month later, the company introduced its 120-qubit Nighthawk processor along with a roadmap targeting verified quantum advantage, when a quantum computer can outperform traditional computers, before the end of 2026.

These advances are part of IBM’s broader roadmap, aimed at building quantum computers stable enough to correct their own errors and run complex algorithms without the noise that currently limits quantum systems. The goal is to accomplish those tasks by the end of the decade.

“Open-access quantum computing shouldn’t just be for beginners running small circuits,” IBM said. “We want to ensure that even serious researchers can extract real value from the IBM Quantum Open Plan for serious experiments and proof of concept work. With 180 minutes of compute on our quantum hardware, you’ll be able to do that.”

As tech giants like IBM invest more and more heavily in quantum computing, blockchain researchers are sounding the alarm about the risk involved. Bitcoin developers recently advanced a proposed framework called BIP 360 for dealing with the quantum threat, though it still must undergo a formal review.

“The argument about whether quantum is real or whether we should take it seriously is something I tend not to engage with much, because I think long-term reality will make that argument,” cryptographer and BIP 360 co-author Ethan Heilman told Decrypt.

“What we’re trying to do is marshal the people who do believe it’s important to get everything set up—to think through all the issues and get the software ready—because by the time it becomes real, we’ll have won the argument and we’ll also be ready to implement,” he said.

Even so, the timeline for a real threat remains uncertain. A recent report from Ark Invest and Bitcoin financial services firm Unchained said quantum computing poses a long-term risk to Bitcoin, not an immediate one, noting that today’s quantum machines remain far below the capability needed to break the network’s cryptography.

IBM did not immediately respond to a request for comment by Decrypt.