Author: James Wilson
Bitcoin price slid to its lowest level in nearly a month on Friday, just as David Sacks confirmed he is stepping down as President Donald Trump’s “AI and crypto czar,” amplifying anxiety over the policy outlook for digital assets. Summary Bitcoin drops below recent trading range as more than $500 million in leveraged crypto bets are liquidated. David Sacks exits his White House crypto advisory role after exhausting a 130‑day special‑employee term, raising questions over the durability of the administration’s pro‑Bitcoin agenda. Since Sacks’ appointment in late 2024, Bitcoin’s price has surged from below $100,000 to all‑time highs before the…
a16z crypto partner Guy Wuollet says crypto is entering its “collared shirt” era, as the firm doubles down on a 10‑year infrastructure bet even while high‑profile partners exit amid a new $2b fundraise. Summary a16z crypto partners have publicly reiterated a 10‑plus‑year investing horizon for the sector, comparing today’s market to the pre‑internet and pre‑AI groundwork phase. At the same time, named partners including Arianna Simpson and Kofi Ampadu are exiting or shifting roles, underscoring how venture talent is rotating as the industry matures. The crypto team is now raising roughly a $2 billion fifth fund, signaling that institutional LPs…
Ark Invest’s Bitcoin ETF saw one of the sharpest single‑day outflows of the month this week, as investors yanked tens of millions of dollars from spot products just as Bitcoin slid back toward the mid‑$60,000s. Summary U.S. spot Bitcoin ETFs recorded about $171 million in net outflows on March 27, with Ark Invest’s ARK 21Shares fund among the hardest hit. Ark’s CEO Cathie Wood, long one of Bitcoin’s loudest institutional bulls, now faces a tape where her flagship crypto vehicle is bleeding capital even as she reiterates long‑term upside. The reversal in flows undercuts part of the “institutional floor” narrative…
Pi Network price is stalling near $0.18 as bearish models flag a possible drop toward $0.14, even as mainnet upgrades, a DEX launch and a Consensus 2026 push aim to anchor real‑world Web3 use. Summary Pi Network’s PI token is trading around $0.18 today, down roughly 4.68% over the last 24 hours and underperforming a broader crypto market drop of about 3.56%. With PI changing hands near $0.1795 and facing a projected 23.23% downside toward $0.1384 in the next five days, technical models classify the current setup as bearish despite neutral RSI readings. The move comes as Pi Network rolls…
JUST price is consolidating around $0.058 after an RSI 80+ spike, as a $21m Q1 buyback‑and‑burn plan, new Bitkub listing and rising TRON DeFi usage test how far the deflation trade can run. Summary JUST’s JST token is trading around $0.037 today, down about 0.20% over the last 24 hours and 0.90% over the past week after pulling back from a strong March advance. With a market capitalization near $527 million and 24‑hour trading volume of roughly $12.5 million, JST remains a mid‑cap DeFi governance token tied closely to the TRON ecosystem’s lending and stablecoin infrastructure. Recent RSI readings in…
Hyperliquid price is consolidating around $39 after a 49% monthly rally, as oil perps, tokenized U.S. stocks and record HIP‑3 open interest turn the DEX into a real‑world markets hub. Summary Hyperliquid’s HYPE token is trading around $39.03 today, down roughly 2.6% on the day but up 49.05% over the last month and 146.78% year‑on‑year. With a market capitalization of about $9.31 billion and a 24‑hour trading volume near $246 million, HYPE remains one of the most actively traded DeFi and derivatives‑sector tokens in the market. Technical indicators show a 14‑day RSI near 63.21 and price sitting below the 50‑day…
Coinbase CEO Brian Armstrong says big banks are “undermining” President Trump’s crypto agenda by pushing CLARITY Act language that would ban 4–5% stablecoin yields now fueling Coinbase’s $1.35b revenue line. Summary Coinbase CEO Brian Armstrong says big banks are “undermining” President Trump’s crypto agenda by trying to ban yield on stablecoins. The fight centers on whether platforms like Coinbase can share 4–5% Treasury returns on stablecoins with users under the GENIUS and CLARITY Acts. Banks warn trillions in deposits could migrate to crypto if yields are allowed, while Coinbase defends a $1.35 billion stablecoin revenue stream. In a Fox Business…
Intercontinental Exchange has expanded its bet on prediction markets with a new $600 million investment in Polymarket. Summary ICE invested $600 million more in Polymarket as part of its $2 billion commitment plan. Prediction markets are growing fast as exchanges target new trading demand beyond traditional derivatives products. Kalshi raised $1 billion recently, increasing competition in the event-based prediction markets sector globally. The deal adds to an earlier commitment and comes as the sector attracts more capital and more attention from large financial firms. ICE, the parent company of the New York Stock Exchange, said on Friday that it invested…
Bitcoin (BTC) remained under pressure on Friday as on-chain data showed large holders were still adding to their positions. Summary Santiment said wallets holding 10 to 10,000 BTC added 61,568 Bitcoin over the past month. Bitcoin fell below recent highs as Bhutan-linked transfers and Middle East tensions added pressure again. Retail wallets with under 0.01 BTC kept buying, matching whale accumulation and delaying breakout signals. The move came as retail wallets also kept buying, while market sentiment stayed weak amid fresh geopolitical risk and renewed selling activity from Bhutan-linked wallets. Santiment said wallets holding between 10 and 10,000 BTC added…
Binance Australia Derivatives has been ordered to pay a A$10 million civil penalty after Australia’s Federal Court found failures in how the platform classified clients for crypto derivatives trading. Summary Australia fined Binance A$10 million after 524 retail clients were wrongly classified as wholesale investors. ASIC said Binance let users retry quizzes without limits, weakening checks for complex derivatives access. Binance had already paid A$13.1 million in compensation before the court imposed the new penalty. The ruling adds to earlier compensation paid to affected users and comes as Binance faces pressure in other markets in the region. The Australian Securities…