The post Clarity Act Update: Why Are Banks Fighting Against Stablecoin Yield? appeared first on Coinpedia Fintech News

A year ago, US banks thought they had won.

The GENIUS Act, signed in July 2025, banned stablecoin issuers from paying yield on their tokens. Banks had lobbied hard for that provision. With it in place, they believed the competitive threat from digital dollars was addressed.

The law said nothing about exchanges.

How the Gap Became a Crisis

As CoinGecko outlined today, within months of GENIUS passing, Coinbase was offering roughly 4% on USDC and Kraken around 5%. Chase was paying 0.01%. The Blockchain Association, representing 125 companies including Coinbase, Kraken and a16z, later wrote to the Senate arguing Congress had “intentionally preserved” the ability of platforms to offer rewards.

Banks called it a loophole. The crypto industry called it a negotiated outcome.

The Federal Reserve missed it entirely. Fed Governor Stephen Miran gave a speech in November, months after GENIUS passed, stating he saw “little prospect of funds broadly leaving the domestic banking system” because stablecoins don’t offer yield. The yield programs were already live.

Bank of America’s CEO eventually put a number on what was at stake: $6 trillion in deposits could leave US banks for stablecoins. The Fed’s own modeling found that in a high adoption scenario, reduced lending capacity could reach $1.26 trillion.

Over 3,200 bankers signed letters to Congress. The American Bankers Association made closing the gap their top legislative priority.

The Compromise That Came Undone

Congress responded with the CLARITY Act, extending the yield prohibition to all digital asset service providers. In January, Coinbase withdrew support and the Senate vote was postponed. The White House stepped in, brokering talks with a March 1 deadline. That passed with no deal.

On March 20, Senators Tillis and Alsobrooks announced a compromise – passive yield banned, activity-based rewards permitted. The market priced in a banking industry win immediately.

Also Read: Tokenization Hearing Confirmed, CLARITY Act Stablecoin Deal Done “In Principle”: Big Week for Crypto

This week, Coinbase rejected the draft again, telling Senate offices it cannot support language that bans yield “directly or indirectly” and anything “economically equivalent to bank interest.”

The Government Is Pulling in Two Directions

The difficulty, as CoinGecko notes, is that the US government is not aligned on the outcome. While banks push for restrictions, Treasury Secretary Bessent expects stablecoins to generate $2 trillion in demand for US government bonds. Tether alone already holds over $130 billion in Treasuries – more than Germany.

Banks need the loophole closed. Treasury needs stablecoins to grow. Senator Lummis has said negotiators are targeting committee action by end of April.

It’s now a wait-and-watch game.

The post Why Is Bitcoin Holding Up? Iran War, Oil Shock, Recession Risk, Weakened Dollar appeared first on Coinpedia Fintech News

Bitcoin has gained roughly 8% since the US-Iran war began. Gold is down. The S&P 500 is down. Asian equities had their worst stretch since 2020. For an asset that critics still call speculative, that’s a result worth paying attention to.

Bitcoin investor and BnkToTheFuture founder Simon Dixon thinks he knows why and his explanation goes deeper than crypto.

The Dollar Needs the World

When Trump posted on Truth Social that “the USA needs nothing from NATO,” Dixon responded with a point-by-point breakdown of what the US actually depends on.

Europe prints money, buys American weapons and recycles Eurodollars back to Washington. The Middle East keeps oil priced in dollars. Japan runs near-zero interest rates that finance hedge funds. China manufactures the goods that keep global trade flowing. The Global South supplies the minerals the whole system runs on.

Dixon’s conclusion: “If that ends, then US shrinks to a regional power and the financial industrial complex tightens its control and grip on both US and EU.”

He added that European banks are deeply connected to US banks, meaning any financial stress from a prolonged energy shock will be global.

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•   ,

The War Is Already Testing That System

Iran this week rejected Trump’s 15-point ceasefire proposal as “extremely maximalist and unreasonable,” countering with demands for Strait of Hormuz sovereignty and war reparations – both non-starters for Washington. The war is now in its 26th day.

Brent crude is trading around $107, up nearly 48% in a month. JPMorgan has cut its S&P 500 year-end forecast. Goldman Sachs raised its recession odds to 30%, warning that oil-driven inflation could keep the Fed from cutting rates. Former Goldman CEO Lloyd Blankfein said this week that the damage from the war “is going to last” even if there were “a resolution tomorrow”.

This is precisely the environment Dixon was describing – the dollar system under strain, alliances fraying, energy prices doing the damage that no rate policy can easily fix.

Why Bitcoin Keeps Recovering

Bitcoin dropped 8.5% on February 28 when Operation Epic Fury launched on a Saturday – the only major market open to absorb the shock. Since then, it has made a higher low on every escalation, recovering faster each time.

The dollar system Dixon describes was built on trust, recycled debt and geopolitical arrangements that are now openly contested. Bitcoin doesn’t need any of that to function. Right now, that distinction is showing up in the price.

FAQs

The post Is the Corporate Bitcoin Treasury Trend Dead? Saylor’s Strategy Is the Only One Buying appeared first on Coinpedia Fintech News

The corporate Bitcoin treasury movement had a great story. Dozens of public companies piling into Bitcoin, a structural shift in how institutions manage capital, a new floor under the price. CryptoQuant just put some hard numbers on where that story stands today.

In the last 30 days, Strategy bought 45,000 BTC. Every other treasury company in existence bought roughly 1,000 combined.

That’s a 99% collapse in participation from everyone except Michael Saylor.

One Company, 76% of Everything

Strategy now holds approximately 76% of all Bitcoin owned by corporate treasury companies, according to CryptoQuant. Their share of total 30-day purchases has reached an extraordinary level, while other companies’ share has fallen to just 2%, down from 95% at the peak of the corporate buying wave.

CryptoQuant’s read on this is direct: “There is no broad corporate demand right now.”

What made this data point significant is the timing. Corporate buying participation peaked at 69,000 BTC in August 2025. Bitcoin was climbing and the narrative was building. Then prices dropped, and the conviction evaporated.

Some Companies Are Selling Too

Bitdeer Technologies liquidated its entire Bitcoin position, going from 2,029 BTC to zero. Genius Group sold roughly 58% of its Bitcoin holdings to pay down a Bitcoin-backed loan. Cango sold nearly 60% of its stack.

These weren’t small retail players. These were companies that publicly announced Bitcoin treasury strategies and bought near the top.

Strategy did the opposite. As prices fell, Saylor’s firm accelerated, making this its fastest accumulation pace since April 2025.

What This Means for Bitcoin

Corporate buying was one of the loudest structural arguments for Bitcoin’s 2025 run to over $126,000. Companies buying and holding permanently removes supply from the market, creating a floor under the price.

That floor now rests almost entirely on two companies. Strategy is the dominant force. Metaplanet, the Tokyo-listed firm that has become the fourth-largest corporate Bitcoin holder with 35,102 BTC, is the only other name still actively building.

Also Read: Won’t Deny It: Metaplanet CEO Admits Buying Bitcoin at the Peak, Defends Strategy

Just this month, Metaplanet raised $234 million through a new warrant structure specifically to buy more Bitcoin, with a stated target of 100,000 BTC by the end of 2026.

Two companies with conviction. Most others have either gone quiet or are actively selling into the drawdown.

The post SEC Chair Atkins Confirms Tokenization Exemption Is Just ‘Weeks’ Away, But Why the Delay? appeared first on Coinpedia Fintech News

Gary Gensler spent years making sure this didn’t happen. Paul Atkins just said it’s weeks away.

Speaking to Crypto America, SEC Chair Atkins confirmed that the long-awaited tokenization innovation exemption is nearly ready. A regulatory sandbox that would let firms experiment with on-chain securities without full SEC registration.

His timeline: “soon, soon, soon. I think here in the next few weeks.”

What’s holding it up? The exemption is currently sitting with the Office of Information and Regulatory Affairs, the federal body inside the Office of Management and Budget that reviews agency actions before they go public. Once that clearance comes through, the SEC will seek public comment before shaping the final rules.

Not a Free Pass, But Still a Big Deal

Commissioner Hester Peirce, who is overseeing the exemption’s design, has been clear that firms shouldn’t expect a wholesale rewrite of securities law.

The sandbox would enable limited trading of certain tokenized securities on blockchain – controlled experimentation, not a green light for everything.

That framing matters, because some in Congress aren’t convinced.

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Congress Has Questions

The same day Atkins made his comments, the House Financial Services Committee held a dedicated hearing titled “Tokenization and the Future of Securities: Modernizing Our Capital Markets.” The room agreed on one thing: tokenized securities are coming. Everything else was contested.

Rep. Brad Sherman raised concerns about a “two-tiered market where tokenized securities on blockchain platforms are exempted from core securities regulations.” Rep. Maxine Waters drew a straight line to 2008, questioning whether the technology benefits investors or just intermediaries.

Rep. Warren Davidson placed blame on the previous regime directly: “Gary Gensler wanted to prevent any kind of real progress on the Commission.”

Blockchain Association CEO Summer Mersinger, who played a key role in CLARITY Act negotiations, told the committee that tokenization can strengthen U.S. capital markets, but only if the regulatory framework is built around how blockchain actually works, not how legacy systems do.

The Market Isn’t Waiting

NYSE has already partnered with Securitize on a tokenized securities platform. The SEC approved Nasdaq’s tokenized securities pilot just last week – the first token-settled trades are expected by end of Q3 2026. The infrastructure is moving faster than the rules meant to govern it.

FAQs

The post Bhutan Is Selling Bitcoin Again: Should the Crypto Market Be Worried? appeared first on Coinpedia Fintech News

Bhutan has been mining Bitcoin with its mountain rivers for years. Nobody paid much attention. Now it is selling and the numbers are getting harder to ignore.

The Royal Government of Bhutan moved nearly $37 million in Bitcoin today, according to Arkham Intelligence. Some of those funds landed at addresses linked to QCP Capital, a trading firm that has appeared in Bhutan’s transfer history repeatedly. Last week the government moved another $72 million. The pace is picking up.

This Is Not a Country in Trouble

Bhutan started mining Bitcoin around 2021 using surplus hydroelectric power from its rivers. The electricity was essentially free. So was the Bitcoin. The country accumulated through market crashes and rallies, building a peak stack of roughly 13,000 BTC by late 2024.

It now holds around 4,453 BTC worth approximately $317 million. That is still enough to rank Bhutan as the seventh largest government Bitcoin holder in the world.

The selling is deliberate. In December 2025, Bhutan announced a commitment of up to 10,000 BTC to fund Gelephu Mindfulness City, a new special economic zone the country is building from scratch. Bitcoin proceeds also fund public services. Prime Minister Tshering Tobgay has said that includes healthcare and civil servant salaries.

Every coin was mined at near-zero cost. Every sale is pure profit.

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•   ,

Meanwhile, a Whale Is Betting on a Drop

Separately, analyst Gordon flagged a large Bitcoin short opened today. Someone put $71.1 million on Bitcoin falling, at 40x leverage. Their liquidation price is $78,902. At current prices the position is underwater.

The account has made over 1,300 trades with a 62.5% win rate.

Bitcoin Is Holding, For Now

At the time of writing Bitcoin is trading at $71,794, absorbing both the Bhutan outflows and the leveraged short without much visible stress.

The broader picture is still shaped by the five-day Iran ceasefire window Trump announced Monday. If those talks hold, the macro pressure that has been weighing on markets for weeks could ease. If they break down, the picture changes quickly.

FAQs

The post Over 50% of Pump.fun Traders Lost Money This Month, While 2 Wallets Made Over $1M appeared first on Coinpedia Fintech News

Two wallets made over $1 million on Pump.fun this month. What happened to everyone else is a different story.

New data from Dune Analytics tracking this month’s trader profit and loss on Pump.fun tokens has circulated widely on X, and the numbers are drawing attention for the stark picture they paint of memecoin trading outcomes.

What the Data Shows

Of the wallets tracked this month, over 50% ended in losses. The largest single group – 671,376 wallets – lost less than $500. Another 9,160 wallets lost between $1,000 and $10,000.

On the profitable side, 626,417 wallets made between $0 and $500. That is technically a win, but a small one. When you combine wallets that lost money with wallets that made under $500 in profit, the figure reaches approximately 96% of all participants – meaning only 4% made more than $500 this month. Only 2 wallets crossed $1 million in realized profit.

The Platform’s Position

While trader outcomes have been mixed, Pump.fun itself has accumulated over $500 million since 2024 – a figure that reflects the platform’s fee structure rather than trading performance. Like any exchange, Pump.fun earns on volume regardless of whether individual traders profit or lose.

That structural difference between platform economics and trader economics is what makes the Dune data worth understanding clearly.

Analyst commentary on X has suggested that the 4% of profitable wallets may skew toward insiders and early deployers who hold informational advantages over retail participants. That argument remains contested and is not confirmed by the on-chain data alone.

REKT: 96% OF PUMP. FUN TRADERS LOST MONEY THIS MONTH

Per @TedPillows, 96% of users who traded @PumpFun tokens this month incurred losses.

The remaining 4% of the profit, he argues, is likely held by insiders and team members with information advantages unavailable to retail… pic.twitter.com/3oXVEvnrKB

— BSCN (@BSCNews) March 24, 2026

Why the Losses Run So Deep

Part of the answer lies in token quality. Research from Solidus Labs found that approximately 98.6% of tokens on Pump.fun have collapsed to below $1,000 in liquidity, effectively becoming worthless after launch. Of the over 7 million tokens deployed on the platform with at least five trades, only around 97,000 maintain enough liquidity to be meaningfully traded.

With hundreds of thousands of new tokens created each month, the odds facing any individual trader are structurally challenging regardless of skill or timing.

Pump.fun has acknowledged the imbalance.

In January 2026, founder Alon Cohen returned after two months of silence to announce Creator Fee Sharing – a system allowing creators to distribute fees more transparently and customize fee structures post-launch.

In March, the platform expanded beyond memecoins entirely, adding support for WBTC, USDC and other assets, alongside a Trader Cashback model that redirects a portion of trading fees toward active traders rather than solely to deployers. The changes signal the platform is aware of the incentive misalignment its own data reflects.

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How to Read This Data

Before drawing firm conclusions, it is worth noting what the data does not capture.

Realized PnL only reflects positions that have been closed. Traders still holding tokens with unrealized gains will not appear as profitable in this dataset. Additionally, a significant portion of wallets on Pump.fun are estimated to be bots or wallets created for a single transaction, which can distort the overall picture.

What It Means for Traders

Memecoin trading on launchpad platforms has always carried high risk. What makes this month’s data notable is the scale – hundreds of thousands of wallets active, most walking away with losses or negligible gains, while a handful of participants captured the overwhelming majority of returns.

Whether that reflects the nature of speculative markets broadly, or something specific to how memecoin launchpads are structured, is a question the data raises without fully answering.

FAQs

The post Is Hyperliquid Becoming the Onchain CME? S&P 500 Perp, Record Traders, Grayscale ETF & More appeared first on Coinpedia Fintech News

Hyperliquid is having some of its more important weeks in history, across separate fronts simultaneously.

On March 18, S&P Dow Jones Indices licensed its flagship index to Trade[XYZ] for the first officially approved S&P 500 perpetual futures contract on the Hyperliquid blockchain. The product hit $100 million in daily volume within days of launch. Unlike synthetic approximations, it uses institutional-grade S&P DJI data directly, settles in USDC, and trades 24 hours a day, 365 days a year.

Why the S&P 500 Launch Is Bigger Than It Sounds

Analyst Kaff described the structural advantage simply: “CME is closed around 40% of the year – Hyperliquid is the only place to hedge.”

The proof of concept arrived during the Iran war weekend, when CME halted trading and Hyperliquid continued processing oil futures without interruption. The S&P 500 launch extends that same logic to the world’s most tracked equity index.

Kaff calculated that capturing just 0.5% of CME’s daily S&P flow would translate to $1 to $2 billion in additional daily volume and between $128 and $255 million in extra annual revenue from a single market.

Record Traders, Dominant Metrics

Active perp traders on Hyperliquid reached 229,818 this week, an all-time high. The platform simultaneously leads across every major on-chain metric: top chain by fees, top bridged net flows, top stablecoin supply changes, and top perp volume and open interest.

Also Read: Hyperliquid (HYPE) Price Prediction 2026, 2027 – 2030: Will HYPE Price Hit A New ATH?

The Annual Report Numbers

The Hyperliquid Research Collective’s 2025 Annual Report, released this week, provides the foundation for all of it. The platform generated approximately $844 million in revenue across $2.95 trillion in total trading volume, adding 609,700 new users during the year. Its third-party ecosystem has reached approximately $100 million in annual revenue run-rate in Q1 2026, up from $6 million in Q1 2025.

Ryan Watkins described the trajectory: “In the next 12 months a Hyperliquid ecosystem project will surpass a $1B+ valuation.”

Institutions Are Paying Attention

On March 20, Grayscale submitted an S-1 to the SEC to launch the Grayscale HYPE ETF, proposing a Nasdaq listing under ticker GHYP. Bitwise and 21Shares had already filed similar applications. For a token that did not exist two years ago, the institutional interest is accelerating faster than most expected.

Kaff pointed to the platform’s buyback model as the key connection between S&P 500 trading volume and HYPE’s token price – every trade on the platform routes fees into HYPE buybacks, meaning growth in traditional asset markets directly supports the token. His view is that once that mechanism is understood at scale, a triple-digit HYPE price becomes a logical conclusion rather than speculation.

Arthur Hayes has separately suggested a $150 price target for the token.

The post Trump Pauses Iran Strikes for 5 Days – Bitcoin Jumps Above $71,400 appeared first on Coinpedia Fintech News

At 4:35 PM on March 23, Donald Trump posted on Truth Social that the United States and Iran had held productive diplomatic conversations, and instructed the military to pause strikes on Iranian energy infrastructure for five days.

Bitcoin surged to $71,401.85 within just 10 minutes of his post.

A Presidential Post That Moved Markets

Trump’s statement described “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East” over the preceding two days, characterising the exchanges as “in depth, detailed, and constructive.” He confirmed the talks would continue throughout the week.

The operational consequence was direct: “I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period, subject to the success of the ongoing meetings and discussions.”

The pause is conditional, tied explicitly to progress in diplomatic talks. It applies specifically to energy infrastructure – the facilities most directly connected to oil supply disruption and the inflation pressures that have kept central banks in a hawkish posture for weeks.

Also Read: Tokenization Hearing Confirmed, CLARITY Act Stablecoin Deal Done “In Principle”: Big Week for Crypto

Markets Moved Before the Analysts Could

Bitcoin surged to a 24-hour high of $71,401, recovering sharply from $67,588 where it had been trading earlier in the day. Ethereum climbed to $2,190, up 6.30% in the same window. Solana rose 5.70% to $91.01, while XRP gained 4.15% to $1.43.

The speed of the reaction reflected the scale of the overhang the Iran conflict had placed on digital asset markets since late February. Crude oil had surged more than 51% in a month, pushing electricity costs higher for Bitcoin miners and sustaining the kind of inflation environment that keeps risk assets under pressure.

Every escalation in the conflict had sent prices lower. Today’s post reversed that dynamic in minutes.

Five Days

The diplomatic window Trump has opened is narrow and conditional. If the talks that continue through the week produce meaningful progress, the macro pressure that has suppressed crypto markets for nearly a month could ease. If they break down, markets return to the position they held this morning.

Markets are treating the announcement as a de-escalation, with searches for Iran ceasefire surging globally within minutes of Trump’s post.

Trump described the conversations as a foundation, not a resolution. The difference between those two things will determine whether today’s rally holds.

The post Bitcoin Miners Are Losing $20,000 Per Coin, So Why Have They Stopped Selling? appeared first on Coinpedia Fintech News

Bitcoin is trading at $68,247 at the time of writing, roughly $20,000 below what it costs to mine a single coin. Crude oil has surged 51% in a month to nearly $100 a barrel, pushing electricity costs – miners’ largest operational expense – higher at exactly the wrong time. The numbers are difficult, and they are getting worse.

Yet on-chain data tells a different story about what miners are actually doing with the coins they produce.

The Scale of the Squeeze

According to Jeremy, founder of Glyde, Bitcoin miners are currently losing approximately $19,400 on every coin they mine, based on an average production cost of $88,000 against a market price of $68,600 at the time of his analysis. Network difficulty has dropped 7.76%, the second largest negative adjustment of 2026.

The hashrate has retreated to 920 EH/s from a record 1 zetahash reached last year. Block times have stretched to 12 minutes and 36 seconds against a 10-minute target, a visible sign that mining machines are being switched off as operators exit unprofitable positions.

Oil Price Is Adding Fuel to the Fire

Crude oil is currently trading at $99.207, up 51.15% over the past month, with Brent crude at $113.647 – up 60.57% in the same period. For an industry where electricity represents the majority of operating costs, rising energy prices are compressing margins from the other direction simultaneously.

Miners are not just dealing with a falling Bitcoin price. Their costs are rising while their revenue falls.

Also Read: Altcoin Season 2026: Top Altcoin Setups and Exact Bitcoin Dominance Signal to Watch

The Signal in the Data

Despite the pressure, Cryptoquant author and analyst Darkfost has flagged a development that runs counter to what the pain would suggest. Monthly average Bitcoin inflows from miners to Binance have dropped to approximately 4,316 BTC, the lowest level since June 5, 2023.

Across all exchanges, the figure reaches 4,381 BTC. Miners are not selling, even as they operate at a loss, and they still hold an estimated 1.8 million BTC in reserve. Darkfost described the current decline in inflows as a constructive signal, noting that structural selling pressure from the miner cohort appears to be temporarily easing.

What History Says About This Setup

Jeremy pointed to a pattern worth noting. In both 2019 and 2022, every time Bitcoin traded this far below its average production cost, it marked a cycle low.

His conclusion was direct: “The last two times this happened, the bottom was already in.”

History does not guarantee repetition. But the combination of collapsing miner selling and deeply underwater production economics has, in prior cycles, preceded recoveries rather than further declines.

The post Scammers Are Using the Iran War to Steal From Crypto Users: ZachXBT’s Full Exposé appeared first on Coinpedia Fintech News

On-chain investigator ZachXBT has exposed a coordinated network of 11 X accounts manufacturing fake geopolitical panic about the Iran conflict to funnel followers into crypto pump and dump schemes that have already generated six-figure profits on-chain.

A Five-Step Scam Hiding in Plain Sight

The operation is methodical. According to ZachXBT, the network purchases accounts with existing followers, floods timelines with doom posts about war and politics multiple times a day, cross-reposts across accounts to manufacture virality, then uses the audience to promote fake giveaways and crypto scams before changing usernames to avoid detection.

One of the lead accounts, @wanglaurentceo, operating under the name “Wang Laurent,” accumulated 79.9K followers and cycled through 17 username changes, from “usdtt11” to “xrpinsol” to “edtrumpofficial.”

ZachXBT described it as an AI-generated fake Asian version of Mario Nawfal, created by running Nawfal’s profile photo through an image generation tool to build a credible-looking persona from scratch.

Also Read: Tokenization Hearing Confirmed, CLARITY Act Stablecoin Deal Done “In Principle”: Big Week for Crypto

The Posts That Reached Millions

The content the network produces is designed for fear-driven engagement. Posts claiming Iran threatened to cut undersea cables carrying 95 to 99% of global internet traffic accumulated 26,000 retweets, 50,000 likes, and 1.8 million views, even after X’s Community Notes flagged the claim as factually incorrect.

Large legitimate accounts unknowingly amplified the posts by engaging with them, extending the reach of content they had no reason to doubt.

The Scam Behind the Panic

On February 22, 2026, all ten accounts in the network simultaneously promoted $ORAMAMA, a meme coin on Solana via PumpSwap. They posted about it once and never mentioned it again.

On-chain evidence, according to ZachXBT, confirms the scheme generated six-figure profits.

Blocking the Exposer?

After ZachXBT published his thread, all 11 accounts blocked him simultaneously. His response was pointed: “almost as if they’re operated by one person.”

ZachXBT also raised a broader concern beyond the scam itself: “It’s scary to think about the implications of it if a nation state actor operated the same scheme rather than a meme coin scammer given how easy it is to operate.”

He called for platform bans and legal consequences for manipulation of this kind, and recommended that users review account history and recent posts before engaging with any content on social media, describing it as a personal standard given how widespread engagement farming and AI-generated spam has become.

ZachXBT confirmed that Nikita Bier, X’s head of product, is also aware of these accounts.

Not trying to blow up his notifications

He’s aware pic.twitter.com/f5cNBmygpu

— ZachXBT (@zachxbt) March 23, 2026

The post Tokenization Hearing Confirmed, CLARITY Act Stablecoin Deal Done “In Principle”: Big Week for Crypto appeared first on Coinpedia Fintech News

Two things happened in Washington this week that the crypto industry has been waiting years for and they arrived at the same time.

The House Financial Services Committee has scheduled a hearing titled “Tokenization and the Future of Securities: Modernizing Our Capital Markets” for Wednesday, March 25, 2026 at 10AM EST. Blockchain Association CEO Summer Mersinger is among the confirmed witnesses.

The hearing, first reported by Fox Business journalist Eleanor Terrett on X, will bring together lawmakers and industry voices to formally examine how tokenization fits into the future of US financial markets.

It is one of the most significant Congressional hearings on tokenization to date and it lands in the same week the CLARITY Act’s most stubborn obstacle was removed.

The Stablecoin Standoff Is Over – Almost

Senators Thom Tillis and Angela Alsobrooks announced they have reached an “agreement in principle” on stablecoin yield, the provision that had blocked the Digital Asset Market Clarity Act from advancing for months. Banks had argued that allowing stablecoin platforms to offer rewards on token holdings would draw deposits away from traditional banking. That argument is now, at least in principle, resolved.

Senator Alsobrooks told Politico: “We’ve come a long way. And I think what it will do is to allow us to protect innovation, but also gives us the opportunity to prevent widespread deposit flight.”

Senator Tillis, while cautious, said he feels “like we’re in a good place,” adding that he still plans to review the details with industry stakeholders before moving forward.

Also Read: The Worst Week for Gold in 43 Years Just Made the Strongest Case for Bitcoin

The Window Is Narrow

With the stablecoin yield compromise in place, the Senate Banking Committee markup is now targeted for the second half of April – likely the weeks beginning April 13 or April 20 following the Easter recess.

Senator Bernie Moreno has been direct about the stakes: if the bill does not pass by May, digital asset legislation may not move again for the foreseeable future. Senate floor time is under pressure from unrelated priorities, including the Republican voter-ID bill and ongoing developments around the Iran conflict.

Issues around DeFi treatment, ethics provisions, and a potential attachment of community bank deregulation to the bill still require resolution before a broad bipartisan vote becomes possible.

This development follows the SEC and CFTC’s landmark joint classification of 16 crypto assets as digital commodities earlier this week, the most significant US crypto regulatory action in a decade, reinforcing a pattern of accelerating policy momentum in Washington.

The tokenization hearing on March 25 and the CLARITY Act’s path toward an April markup represent back-to-back milestones. Whether the legislative window holds is the only question left.

The post “Gambling With a Timer”: James Wynn Returns to Hyperliquid With a 40x Bitcoin Short appeared first on Coinpedia Fintech News

James Wynn is back on Hyperliquid. The trader who turned $4 million into $87 million, then lost nearly all of it, has returned to the platform that made him infamous, this time with $3,911 scraped together from referral rewards and a 40x short on Bitcoin sitting $415 away from liquidation.

Bitcoin is currently trading at $70,697. His liquidation price is $71,112.

A History Worth Knowing

For those unfamiliar with Wynn, the backstory matters. By May 2025, he had built one of the largest publicly visible leveraged positions in crypto history – a $1.25 billion long on Bitcoin using 40x leverage on Hyperliquid. The position unraveled as prices dropped, resulting in losses exceeding $100 million. He ended the month with $23 in his account.

Before deactivating his X account, he changed his bio to a single word: “broke.”

He has since returned to Hyperliquid multiple times, depositing fresh capital and repeating the same pattern of high-leverage trades, each ending in liquidation.

Also Read: Ethereum News: Crypto Whale Loses $74M Longing ETH, Left With Just $8.5K on Hyperliquid

What He Just Did

On-chain analytics platform LookOnChain flagged the latest move on X. Wynn’s wallet – tracked publicly at 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6 on Hypurrscan – shows he claimed a referral reward of $1,654 USDC, deposited $3,911 USDC into Hyperliquid, and opened a 40x short on 2.69 BTC worth approximately $190,000. His liquidation price stands at $71,112.48

Gordon, founder of Crypto Crib, responded bluntly: “James Wynn is back after managing to claim $1,654 in referral rewards. Awful trader, no wonder he is BROKE.”

The reaction from the broader community was similarly unsympathetic.

Trader Joe, known as SelfSuccessSaga on X, wrote: “This is exactly how overleverage wrecks people every cycle. 40x short isn’t trading, that’s straight up gambling with a timer. One squeeze and that whole position gets wiped in seconds flat.”

The Numbers Don’t Lie

With Bitcoin at $70,697 at the time of writing and his liquidation price at $71,112, Wynn’s position requires Bitcoin to fall meaningfully to generate any profit. A move of just $415 to the upside wipes out his entire deposit.

The crypto community has watched this pattern play out before. The only question is whether this time ends differently or whether Hyperliquid’s on-chain data logs another liquidation under the wallet address the community has been tracking since May 2025.

Also Read: The Worst Week for Gold in 43 Years Just Made the Strongest Case for Bitcoin

The post The Worst Week for Gold in 43 Years Just Made the Strongest Case for Bitcoin appeared first on Coinpedia Fintech News

Gold is trading at $4,491 this week, down 10.52% – its worst weekly performance since 1982 -despite a backdrop that would historically have driven the precious metal sharply higher. A war is ongoing in the Middle East, oil refineries are under attack, three US warships are deployed, and inflation is rising.

In every prior cycle where these conditions converged, gold has served as the primary safe haven. This time, it has not.

Why Gold Crashed When It Shouldn’t Have

According to the analysis page Bull Theory, three simultaneous mechanical forces drove the selloff rather than any change in gold’s underlying fundamentals. The US dollar surged on safe haven flows, making gold more expensive for buyers outside the United States. Commodity funds sold gold positions to cover losses from oil margin calls generated by the volatile energy market. And the CME raised gold margin requirements, forcing leveraged positions into liquidation.

The result was a paper market flush that had little to do with gold’s actual value proposition and everything to do with the infrastructure that surrounds it.

Bull Theory drew a direct historical parallel: the last time gold posted a comparable weekly loss was 1982, when the Federal Reserve was hiking rates to 20% to crush inflation – conditions that were fundamentally bearish for gold.

Within 12 months of that 1982 crash, gold had rallied 50%.

Bitcoin’s Divergence Is Becoming Difficult to Ignore

While gold suffered its worst week in over four decades, Bitcoin closed the same period down just 0.14%, currently trading at $70,563.

Coinbureau CEO Nic highlighted the contrast on X, noting that Bitcoin has outperformed gold for three consecutive weeks, that the asset is sitting at a bullish MACD crossover that has preceded multiple significant rallies historically, and that the RSI has recovered from oversold levels, signalling a return of upside momentum.

Also Read: World Gold Council’s “Gold as a Service” Plan: What It Means for Tether Gold (XAUT) & PAXG

Saylor’s Thesis Might Be Playing Out

Michael Saylor added his view on Friday: “Bitcoin’s a solution to everyone’s problem. Go buy the Bitcoin and wait because hundreds of trillions of dollars of capital from all around the world are going to flow into cyberspace to the Bitcoin network.”

MICHAEL SAYLOR: “Bitcoin’s a solution to everyone’s problem.”

“Go buy the Bitcoin and wait because hundreds of trillions of dollars of capital from all around the world are going to flow into cyberspace to the Bitcoin network.” pic.twitter.com/qJ77ROGkid

— Simply Bitcoin (@SimplyBitcoin) March 20, 2026

Crypto analyst SightBringer expanded on that argument, writing that Bitcoin represents the destination for capital that is trying to escape institutions compromised by “politics, dilution, leverage, seizure risk, or counterparty fragility” – the very forces that drove this week’s gold liquidation.

The week’s events did not disprove gold’s long-term case. What they demonstrated, however, is that gold’s digital infrastructure remains exposed to the same systemic pressures it is supposed to hedge against, while Bitcoin’s position outside that infrastructure continues to look structurally different.