The post Is Bitcoin’s Bear Market Over? Two Analyses, Two Very Different Answers appeared first on Coinpedia Fintech News

Bitcoin is trading at $74,025. Half the market sees a buying opportunity. The other half sees a temporary stop on the way to $30,000.

Both sides have real data behind them.

The Bear Case: The Bottom Is Not Here Yet

CryptoQuant published analysis this week showing Bitcoin’s MVRV Z-score has not entered negative territory. Every single bear market bottom in Bitcoin’s history has required it to go below zero. Right now it sits at 0.5.

Analyst Benjamin Cowen put out a realistic bear framework on April 12 pointing to a 70% correction from the $126,000 October peak – implying a potential floor around $37,000-$38,000. CryptoQuant’s own target: $55,000-$60,000 by December 2026, followed by a two-year accumulation phase before the next halving cycle.

Their argument is simple. The bear market has not finished its job yet.

The Bull Case: The Debt Math Changes Everything

Analyst Michaël van de Poppe published a different framework today.

His sigma analysis of every Bitcoin cycle shows bull markets and bear markets are getting weaker symmetrically. The 2024/2025 bull peaked at just +1.5 sigma. The bear has already hit -1.5 sigma – the proportional level that historically marks the end of the correction.

“The sigma-debt has already been paid off in the recent correction,” he wrote. The $30,000 thesis, he argues, applies the wrong historical framework to a cycle that has already structurally changed.

Twelve months after reaching this sigma level, Bitcoin has historically averaged gains of 100-140%.

James Lavish, co-manager of the Bitcoin Opportunity Fund and a 30-year Wall Street veteran, made a separate case entirely on Milk Road.

His argument has nothing to do with charts. The US carries $39 trillion in debt heading toward $100 trillion by the mid-2030s. There are four ways to manage it – cut spending, raise taxes, default, or print money.

“They have no choice but to come in with fire hoses of liquidity,” Lavish said.

More money in the system means higher asset prices. It always has. He expects Bitcoin near $125,000 by year end and $150,000 next year.

What the Market Is Doing Right Now

Bitcoin sits at $74,025, down 0.25% in 24 hours. The altcoin fear and greed index has been below 10 for longer than any period in history.

Two analytical frameworks. Two completely different conclusions. The data is real on both sides – which makes the next move matter more than most.

The post Pakistan Ends 8-Year Crypto Banking Ban: What the SBP’s New Rules Mean for 27M Users appeared first on Coinpedia Fintech News

Pakistan is the third largest crypto market in the world. For eight years, none of its 27 million users could access a bank account to run a crypto business legally. That has changed.

The State Bank of Pakistan issued BPRD Circular Letter No. 10 of 2026 on April 14, formally reversing a 2018 directive that barred banks from dealing with crypto firms. The move follows the enactment of the Virtual Assets Act 2026 and the establishment of PVARA, the Pakistan Virtual Asset Regulatory Authority, as the country’s dedicated crypto regulator.

Pakistan Crypto Banking Rules: What Banks Can and Cannot Do

The rules are strict. Banks may now open client money accounts for PVARA-licensed firms, but those accounts must be rupee-denominated, pay no interest, accept no cash deposits, and keep client funds completely segregated from company funds.

Funds cannot be used as loan collateral. Banks themselves cannot invest in, trade or hold crypto using their own funds or customer deposits. Suspicious transactions must be reported under AML law.

Why Pakistan’s 2018 Crypto Ban Failed to Stop Adoption

Pakistan did not ban crypto adoption. It banned banks from participating in it.

The country processed $25 billion in crypto transactions in 2025, running through P2P markets, offshore exchanges and informal channels while the banking system looked the other way. With 100 million unbanked adults, a large overseas worker remittance corridor, and a rupee (PKR) that lost 28% of its value in 2023 alone, crypto served a practical function rather than a speculative one.

The regulation is catching up with a reality that already existed.

Pakistan vs India Crypto Regulation 2026

India ranks first globally in crypto adoption according to Chainalysis 2025, ahead of the United States and Pakistan. But India imposes a 30% flat tax on crypto gains plus a 1% tax deducted at source on every transaction, with no comprehensive regulatory framework in place.

Pakistan ranked third in the world despite an outright banking ban. It now has a dedicated regulator, a formal licensing process and a defined legal framework. A country that banned crypto banking for eight years has produced clearer crypto regulation than its neighbor, which leads the world in adoption.

Pakistan spent eight years trying to keep banks away from crypto while 27 million citizens used it anyway. The government has now decided to regulate what it could not stop.

The post Bitcoin Funding Rate Turns Negative as Shorts Pile In at $75K: BTC Short Squeeze Brewing? appeared first on Coinpedia Fintech News

Bitcoin hit a 24-hour high of $75,886 before pulling back to $74,025, rejected at the $75,000 level again, and the conditions surrounding this attempt look nothing like before.

Analyst Michaël van de Poppe flagged the setup in a thread published today. Yes, a shooting star candle formed on the daily timeframe after the latest rejection. But van de Poppe says that is not the indicator people should be watching.

“The funding rate is negative,” he wrote. “This means people are overleveraged short while we’re attacking resistance.”

Shorts Are Piling In at Exactly the Wrong Moment

Open interest has increased significantly over the past few days, meaning more traders are actively building short positions at the $75,000 level, betting on another rejection.

That worked on the first test. It worked on the second. The third test might be different.

Van de Poppe argues the breakout potential is significantly higher this time around, with $85,000 to $88,000 as the next major resistance zone if Bitcoin clears $75,000.

CoinGlass liquidation data shows the heaviest short clusters concentrated between $76,000 and $78,000 – meaning any sustained move above current levels could trigger a cascade of forced buybacks.

Also Read: Every Time THIS BTC/Gold Signal Appeared, Bitcoin Surged 370% in 12 Months

The Supply Side Is Telling the Same Story

Cryptoquant analyst Darkfost published data today that adds a structural dimension.

Wholecoiners – investors holding at least one full Bitcoin – are sending historically low volumes to exchanges. On Binance, the monthly average now stands at approximately 6,000 BTC, comparable to 2018 levels and far below the 15,400 BTC recorded at the 2021 peak.

At a global level, transfers of at least 1 BTC to exchanges have dropped to around 27,500 BTC – compared to 80,000 BTC at the 2018 peak, nearly three times lower.

Darkfost attributes this to three factors: rising prices making it harder to hold a full Bitcoin, the introduction of ETFs in 2024 offering exposure without direct ownership, and a growing preference for long-term holding.

The combined effect, as Darkfost notes, is “reduced selling pressure and a gradual transformation of market structure, with a growing share of supply becoming increasingly illiquid over time.”

What Needs to Hold

The key level to watch is $72,000. As long as Bitcoin holds above it, the setup favors longs over shorts.

Bitcoin is currently trading at $74,025, holding above that floor for now.

Shorts are crowded at resistance. Supply hitting exchanges is near historic lows. The third test of $75,000 has a different character than the first two.

The post CLARITY Act Dropped From Senate Schedule: Crypto’s Biggest Bill to Miss Its Last Chance? appeared first on Coinpedia Fintech News

The Senate Banking Committee’s schedule for the week of April 20 contains one item: a nomination hearing for Federal Reserve Chairman candidate Kevin Warsh. The CLARITY Act is absent.

Chairman Tim Scott, who controls the committee calendar, has not announced a markup date for the Digital Asset Market Clarity Act despite the Senate returning from Easter recess on April 13 and broad expectations that a committee vote would be called this month.

Three Hurdles Remain

Speaking on Fox Business, Scott cited three unresolved issues: the stablecoin rewards dispute between banks and crypto firms, outstanding DeFi provisions, and the need to align all Republican committee members. He indicated each issue could take another two weeks to resolve.

Senator Thom Tillis is expected to release final compromise language on stablecoin yield this week, which would represent the last draft text needed before Scott can schedule a markup.

The proposed framework bans passive yield on stablecoin balances while permitting activity-based rewards tied to transactions and platform engagement. Banks have pushed back on the draft. Tillis told Politico he remains open to further changes.

Also Read: Ripple CEO Garlinghouse Says CLARITY Act Is Close as Frustration Peaks

The May Deadline

The bill faces a structural time constraint. Senator Bernie Moreno has stated publicly that failure to reach the Senate floor by May effectively shelves the legislation for the rest of 2026 as midterm election politics consume the congressional calendar. Galaxy Research has calculated only 18 working weeks remain before the October midterm recess.

Even after a successful committee markup, the bill requires a 60-vote Senate floor threshold, reconciliation with the Senate Agriculture Committee version, reconciliation with the House version passed in July 2025, and presidential signature.

Polymarket currently prices the CLARITY Act’s passage in 2026 at 58%, down from 82% earlier this year.

Senator Cynthia Lummis has warned publicly that if the bill does not pass in this window, the next opportunity may not arise until 2030.

This is our last chance to pass the Clarity Act until at least 2030. We can’t afford to surrender America’s financial future.

— Senator Cynthia Lummis (@SenLummis) April 10, 2026

The bill has missed every previous legislative deadline set for it in 2025 and 2026.

The post Every Time THIS BTC/Gold Signal Appeared, Bitcoin Surged 370% in 12 Months appeared first on Coinpedia Fintech News

Bitcoin has crossed $75,000, and Gold is approaching $4,800. Both are rising, but analyst Michaël van de Poppe says the number worth paying attention to right now isn’t either of those prices. It’s the ratio between them.

And that ratio is telling a story that has only been told four times in Bitcoin’s history.

The BTC/Gold Ratio Just Hit Its Lowest Level Ever

The Bitcoin-to-Gold ratio measures how many ounces of gold it takes to A rare BTC/Gold signal has appeared just 4 times in Bitcoin history. Each time, BTC surged. Analyst van de Poppe breaks down what happens next.. At its peak in September 2025, that ratio sat at 36. By February 2026, it had collapsed to 12 – a 66% crash in five months.

“The recent correction of BTC vs. Gold is the heaviest in the history of Bitcoin,” van de Poppe wrote in his analysis published today.

He identifies this as a two-standard deviation outlier – the kind of extreme statistical reading that has only appeared at four specific moments in Bitcoin’s existence: the 2015 bear market bottom after the Mt. Gox crash, the March 2020 COVID crash, the November 2022 bottom after FTX collapsed, and now.

Also Read: Top Crypto Market Events This Week: PPI, BlackRock, CLARITY Act, Fed Speeches

What History Says Happens After These Events

The results are consistent. After the 2022 bottom, Bitcoin returned 44% in three months and 131% in twelve. After the 2020 COVID crash, it returned 90% in three months and 1,100% in twelve.

Across all four events, the averages stack up as follows: 45% after three months, 120% after six months, 370% after twelve.

“This is the general moment every cycle that you’d want to get allocated into an asset,” he said. “Almost everyone is currently busy being distracted by all the events that are happening in the world. That’s completely fine, but that’s not how investing actually works.”

Where Bitcoin Could Go From Here

With Bitcoin at $75,490 today – up 10.64% on the week – van de Poppe says the short-term target sits between $87,500 and $90,000 within three months. By Q3 or Q4 of this year, he places a realistic price range of $115,000 to $125,000. His view on 2027 is that it will be a full bull market year for Bitcoin.

Gold is simultaneously trading near $4,799, up 49% over the past year.

Van de Poppe argues that Bitcoin’s performance since the Iran war began has actually started to exceed gold’s and that this shift reinforces the longer-term thesis.

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

The ratio crashed 66% in five months. Every previous time it fell this hard, the twelve months that followed were extraordinary.

The post Tether Launches “The People’s Wallet” and It Could Change How Billions Use Crypto appeared first on Coinpedia Fintech News

For twelve years, Tether has been the world’s most used stablecoin issuer – the infrastructure layer that hundreds of millions of people depend on without ever interacting with directly. Today that changes.

Tether has launched tether.wallet, a self-custodial digital wallet that brings its financial infrastructure directly into users’ hands for the first time.

What tether.wallet Actually Does

The wallet supports USDT, USAT, Tether Gold and Bitcoin – both on-chain and via the Lightning Network. Users send funds using a simple human-readable identifier like name@tether.me, eliminating the long wallet addresses that have caused irreversible errors for years.

Critically, transactions can be completed without holding separate gas tokens. Fees are paid in the asset being transferred, removing one of the most persistent sources of friction in crypto payments.

All transactions are signed locally on the user’s device. Private keys stay with the user.

“Users should be able to send value as easily as sending a message, without relying on intermediaries and without giving up control of their assets,” said CEO Paolo Ardoino.

The Infrastructure Behind It

tether.wallet is built on the Wallet Development Kit – Tether’s open-source infrastructure layer that was first deployed publicly through Rumble Wallet in January 2026, connecting crypto payments to Rumble’s 80 million users. tether.wallet is the flagship consumer product built on that same foundation.

As of March 2026, Tether’s technology is used by more than 570 million people globally, with tens of millions of new wallets added per quarter. Until today, none of those users had a direct Tether product to interact with.

Why This Launch Matters Beyond the Product

Tether’s 2026 has been defined by a push toward institutional legitimacy alongside consumer reach.

In March, the company engaged KPMG for the first-ever full financial audit of its $185 billion USDT reserves – a significant shift for a company that has long relied on periodic attestations. PwC was separately brought in to prepare internal systems.

In January, Tether launched USAT, a GENIUS Act-compliant stablecoin for the US market issued through Anchorage Digital Bank – a direct play into the regulated institutional segment that Circle’s USDC has traditionally dominated.

tether.wallet arrives at the consumer end of that same strategy. The audit builds institutional credibility. USAT builds US regulatory standing. The wallet puts a product in front of 570 million people that makes digital dollars as simple to use as a messaging app.

Ardoino described the ambition: “Tether has achieved the widest financial inclusion success story in the history of humanity. The next step is making that digital infrastructure even more accessible.”

The post XRP Gains Access to 44M Users as Rakuten Wallet Goes Live in Japan appeared first on Coinpedia Fintech News

Tomorrow, 44 million users in Japan will be able to convert their loyalty points into XRP and spend it at over 5 million merchants.

Rakuten Wallet – the digital asset arm of Japan’s largest consumer ecosystem – is listing XRP for spot trading tomorrow, alongside Stellar, Dogecoin, Shiba Inu and Toncoin. More significantly, users will be able to convert Rakuten Points directly into XRP and spend it through Rakuten Pay across Japan’s merchant network.

What Rakuten Actually Is

For context on why this matters: Rakuten is Japan’s Amazon, bank, travel platform, telecom and loyalty programme rolled into one. Its points ecosystem holds over 3 trillion Rakuten Points, valued at approximately $23 billion. Hundreds of millions of transactions are processed monthly across its ecosystem.

Rakuten’s platform processes 5.6 trillion yen in annual e-commerce gross merchandise value – placing XRP inside one of Asia’s most active digital commerce networks.

Connecting XRP to that network means connecting it to everyday Japanese commerce at a scale most crypto projects only put in whitepapers.

To mark the launch, Rakuten is running a promotional campaign offering users up to 100,000 yen in XRP rewards.

Also Read: Ripple CEO Garlinghouse Says CLARITY Act Is Close as Frustration Peaks

XRP’s Position in Japan

This integration does not come out of nowhere.

XRP is already the third most widely held digital asset in Japan’s regulated exchange ecosystem, behind only Bitcoin and Ethereum, according to the JVCEA Green List – Japan’s FSA-recognised framework for institutional-grade crypto assets.

Japan’s Financial Services Agency is also expected to finalise a crypto reclassification framework by mid-2026 that could cut capital gains tax on digital assets from the current 55% rate to 20%. If that passes, the economics of holding and spending XRP in Japan improve considerably.

One important distinction: this is a Rakuten Wallet initiative. Ripple has not publicly acknowledged the move and Rakuten has clarified it as an independent decision.

Why This Is Different From a Standard Exchange Listing

Most crypto adoption news is about exchange listings, price predictions or regulatory approvals. This is something different – a payment integration inside a consumer ecosystem that most people in Japan already use daily, whether or not they have ever thought about crypto.

XRP becoming a redemption option for loyalty points is not a new use case in theory.

What is new is the scale. Forty-four million users, five million merchants, and twenty-three billion dollars worth of points that can now flow into XRP starting tomorrow.

The post Ripple CEO Garlinghouse Says CLARITY Act Is Close as Frustration Peaks appeared first on Coinpedia Fintech News

Ripple CEO Brad Garlinghouse arrived at the Semafor World Economy Summit in Washington this week with a message for anyone still watching the CLARITY Act negotiations: the frustration is the signal.

“When people are at their peak frustration, that’s when they finally compromise, and it gets done,” Garlinghouse told Semafor’s Jax Alemany, relaying what Washington insiders have told him. “I think we’re there.”

Why Legislative Permanence Still Matters

Garlinghouse acknowledged the March 17 joint statement from the SEC and CFTC – which classified Bitcoin, Ethereum, XRP and 13 other assets as digital commodities – as a genuine turning point.

“What happened two weeks ago with the SEC and CFTC coming together with a joint statement was truly groundbreaking in a bunch of ways,” he said. “From my point of view, it ended an era of lawfare against this industry, which turns out didn’t have the support of what the law actually said.”

But he was direct about why the CLARITY Act still matters despite that win. An interpretive release from regulators can be reversed. A law cannot.

Also Read: US Banks Just Fired Back at the White House Over Stablecoin Yield: “Misleading Sense of Safety”

Without the CLARITY Act codifying the new regulatory framework into law, Garlinghouse warned that a future SEC chair could reverse everything the current administration has built – returning to what he called Gensler’s “unlawful war on crypto.” That outcome, he said, would be bad for the US, bad policy and bad politics.

The Midterm Calculation

Garlinghouse also made a political observation that carries weight as the November midterms approach. Being anti-crypto, he argued, is no longer a safe position for lawmakers. “Being anti-crypto doesn’t get you any votes,” he said, pointing to voter education efforts in the last election cycle as evidence that the industry’s political influence has grown.

The crypto industry deployed over $200 million through political action committees in the 2024 election cycle – the largest political investment in the sector’s history.

Cautious But Still Optimistic

His overall tone was measured. Garlinghouse was transparent that his confidence has shifted since February, when he publicly estimated 90% odds of passage by April.

The Semafor interview came on the same day the US Senate returned from Easter recess and White House crypto adviser Patrick Witt told reporters the stablecoin yield compromise between key senators appears intact. The Senate Banking Committee markup is targeted for late April.

Senator Bernie Moreno has warned that if the bill does not reach the Senate floor by May, midterm politics will effectively shelve it for the rest of 2026.

The post Ondo Finance’s SEC Filing Could Open Doors for Tokenized Securities on Ethereum appeared first on Coinpedia Fintech News

Ondo Finance has filed a no-action request with the US Securities and Exchange Commission seeking confirmation that recording securities entitlements on Ethereum Mainnet will not trigger enforcement action – a filing that arrives less than five months after the SEC closed a two-year investigation into the company without charges.

The request marks a significant shift in the relationship between one of the largest tokenized asset platforms and its regulator.

What Ondo Is Asking the SEC to Confirm

The filing relates specifically to Ondo Global Markets, the company’s product that gives non-US investors exposure to US-listed stocks and ETFs through tokenized notes. Ondo is not asking the SEC to rewrite securities law or approve tokenized securities broadly.

The request is narrow: confirmation that SEC staff would not recommend enforcement action if the company proceeds with recording certain securities entitlements in tokenized form on Ethereum Mainnet, held by custodian BitGo.

“The underlying securities would remain inside the existing legal, custody, and recordkeeping framework, and the official books and records would remain there as well,” Ondo wrote in its filing.

The practical purpose is operational. The on-chain layer would support cleaner collateral monitoring, more efficient creation-and-redemption workflows and simpler reconciliation for OGM products. The core legal structure of the product does not change.

Why the Filing Sets a Precedent

A no-action letter does not create new regulation. What it creates is documented confirmation that a specific, bounded model can proceed without waiting for a formal rulemaking process – and in doing so, establishes a template for the broader RWA tokenization industry.

If SEC staff approve the model, it would represent the first formal regulatory confirmation that public blockchain infrastructure can function within the US securities recordkeeping system. Every other tokenization firm operating in this space would have a direct reference point.

The SEC under chair Paul Atkins has moved away from the enforcement-first posture of his predecessor. The agency closed its investigation into Ondo in December 2025, and has since publicly backed tokenization as a capital markets innovation.

ONDO Price Today

The token is trading at $0.25, up 2.83% over the past 24 hours, with platform TVL at $3.55 billion. ONDO remains 88% below its all-time high of $2.14.

The SEC has not yet responded to the filing.

The post Top Crypto Market Events This Week: PPI, BlackRock, CLARITY Act, Fed Speeches appeared first on Coinpedia Fintech News

US markets have opened Monday with Bitcoin trading at $70,925.76, down 0.78% over the last 24 hours, as traders digest President Trump’s order for a naval blockade of the Strait of Hormuz following the collapse of US-Iran peace talks over the weekend.

The Iran war escalation sets a volatile backdrop for what is already a heavy week of catalysts for the crypto markets.

April 13: The Senate Is Back and the Clock Has Started

The US Senate returned from its Easter recess today. CLARITY Act negotiations resume immediately, with the Senate Banking Committee targeting a markup in the final two weeks of April. Senator Bernie Moreno has said explicitly that if the bill does not reach the Senate floor by May, midterm election politics will effectively shelve crypto legislation for the rest of 2026.

The ABA’s formal pushback on stablecoin yield, published today, lands directly into those reopened negotiations.

Read More: US Banks Just Fired Back at the White House Over Stablecoin Yield: “Misleading Sense of Safety”

April 14: PPI Data and BlackRock Earnings

Tuesday brings two major catalysts on the same morning. The Producer Price Index lands at 8:30am ET – wholesale inflation, and the first read on whether energy price shocks from the Hormuz disruption are spreading into the broader supply chain.

A hotter-than-expected print would harden the Fed’s higher-for-longer stance further.

Tuesday also brings BlackRock’s Q1 2026 earnings. With $14 trillion under management and deep exposure to Bitcoin and Ethereum ETFs, any commentary on institutional crypto flows or tokenisation plans directly moves sentiment.

April 15: Tax Deadline

The US tax filing deadline adds a layer of selling pressure.

Crypto holders managing capital gains liabilities from 2025’s peak have until end of day to file and some will liquidate to cover bills.

The same day, the Federal Reserve releases its Beige Book at 2pm ET – a summary of economic conditions across all 12 Fed districts. With the Iran war’s energy shock still feeding through the economy, this will be the clearest read yet on how inflation pressure is spreading beyond oil and gasoline into broader business activity.

April 16: Jobless Claims and SEC Roundtable

Initial Jobless Claims drop at 8:30am ET. The same day, the SEC hosts a public roundtable on options market structure – the commissioners running it are the same officials driving the SEC’s broader crypto regulatory agenda, making any signals from the session worth watching.

All Week: Fed Officials’ Speeches

Several Federal Reserve officials deliver speeches this week, with the last public signals due before the pre-meeting blackout period begins around April 19. The most closely watched appearance is Governor Christopher Waller’s “Economic Outlook” speech on Friday April 17.

CME FedWatch currently shows over 98% probability of no rate cut at either the April 29 or June 17 meetings. Any deviation from that hawkish tone moves crypto immediately.

The Strait of Hormuz blockade, effective from Monday morning, is the backdrop to all of it.

The post US Banks Just Fired Back at the White House Over Stablecoin Yield: “Misleading Sense of Safety” appeared first on Coinpedia Fintech News

The White House said the banking industry was wrong about stablecoin yield. The banking industry just said the White House asked the wrong question entirely.

The American Bankers Association published a formal rebuttal today to the White House Council of Economic Advisers’ stablecoin report, pushing back on its core framing and warning that policymakers are being given a false sense of security.

The CEA Report: What the White House Said

On April 8, the CEA released a 21-page analysis concluding that prohibiting stablecoin yield would increase bank lending by just $2.1 billion – roughly 0.02% of total loans outstanding. It described fears of deposit flight as dramatically overstated and argued a yield ban would cost consumers $800 million in lost returns while doing almost nothing to protect bank lending.

The crypto industry declared it decisive. Treasury Secretary Scott Bessent publicly called for Congress to move the stalled CLARITY Act to a vote immediately.

Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance.

It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.

Senate time is precious, and now is the time to act.

— Treasury Secretary Scott Bessent (@SecScottBessent) April 9, 2026

Why the ABA Says the Question Was Wrong

The ABA’s response, written by its chief economist and VP of banking research, argues the CEA modelled an irrelevant scenario.

“By focusing on the effects of a prohibition, the CEA paper risks creating a misleading sense of safety by avoiding the much more consequential scenario: yield-paying payment stablecoins scaling quickly,” the ABA wrote.

The live policy concern, according to the ABA, is not what happens if you ban yield. It is what happens when you allow it and stablecoins grow from today’s roughly $300 billion market to $1-2 trillion. At that scale, yield becomes the mechanism that pulls deposits away from community banks, raises their funding costs and reduces local lending.

Why This Fight Has Direct Stakes for Crypto

The CLARITY Act, the legislation that would establish a comprehensive US crypto regulatory framework, has been stalled in the Senate Banking Committee since January 2026, partly over the yield question. Coinbase withdrew its support for the bill after it moved to restrict yield-like rewards from exchanges.

The CEA report was a deliberate White House intervention designed to break that deadlock. The ABA’s rebuttal today is the banking industry’s direct response.

Congress now has two competing economic frameworks in front of it. Which argument wins determines whether yield-bearing stablecoins become legal at scale in the United States.

The ABA’s own analysis estimates that a single state like Iowa could see between $4.4 billion and $8.7 billion in reduced lending as the payment stablecoin market grows.

The post Is Bitcoin Undervalued Right Now? On-Chain Data Has a Clear Answer appeared first on Coinpedia Fintech News

Bitcoin is trading at $70,675. And according to a long-term quantitative model tracking its full price history, that number means something most traders scanning red charts are probably missing.

CryptoQuant analyst Darkfost flagged this morning that Bitcoin has fallen below the 20th quantile of the Bitcoin Power Law model. At a current quantile of 18.5%, Bitcoin has spent only 18.5% of its entire existence at this relative valuation level.

“We are now approaching extreme undervaluation levels,” Darkfost wrote.

What Is the Bitcoin Power Law and Why Is It Flashing Now?

The Bitcoin Power Law is a long-term valuation framework built on logarithmic regression across Bitcoin’s full price history. Unlike short-term technical indicators, it measures where Bitcoin sits relative to every price it has ever traded at, adjusted for time.

Why Bitcoin Fell Back to $70K: Iran, the Blockade and the Macro Reset

Over the weekend, 21 hours of US-Iran peace talks in Islamabad ended without a deal. Bitcoin shed $3,200 on the news. Crypto markets lost $83 billion in a single day as the total market cap fell from $2.47 trillion to $2.39 trillion.

Then came the escalation. President Trump announced the US Navy will begin blockading the Strait of Hormuz, effective Monday morning. Oil futures jumped 7%. The same inflationary pressure that has kept the Federal Reserve on hold is about to intensify.

The scale of the damage is visible on-chain. Data shows 13.5 million Bitcoin addresses are currently holding at a loss – a direct consequence of the decline from October 2025’s peak above $126,000.

Also Read: Bitcoin Bear Market In Its Final Stage? 2 On-Chain Signals to Know Before Your Next Trade

Key Levels for the Bitcoin Price

With Bitcoin sitting just above critical support, the structure is fragile. $70,000 is the key psychological and technical floor. A weekly close above $71,000 is what analysts need to see for any upside continuation. $74,000 is the resistance above. If $70,000 breaks, the analyst downside target sits at $65,000.

Bitcoin’s recovery remains fragile as the war’s economic fallout looks set to dominate markets through Q2, with rate cuts pushed to Q3 or Q4 at the earliest, according to Nic Puckrin, founder of Coin Bureau.

According to CME FedWatch, there is over a 98% probability the Fed holds rates steady at both the April 29 and June 17 meetings.

Bitcoin Bear Market 2026: Pressured by the Headlines

The power law does not account for naval blockades or inflation shocks. It measures Bitcoin across its entire history and arrives at one conclusion: by that measure, it is cheap.

Whether the weeks ahead allow anyone to act on that is a different question entirely.

The post Next Altcoin to 10x: Is It HYPE, LINK, ONDO or AVAX? appeared first on Coinpedia Fintech News

Bear markets are often where the next cycle’s winners get built. Most traders are watching Bitcoin and Iran headlines right now. But four altcoins are stacking institutional catalysts that the broader market has not priced in yet.

Here’s what you should know.

Hyperliquid’s ETF Race

Hyperliquid surpassed Coinbase in notional trading volume in 2025, recording $2.6 trillion against Coinbase’s $1.4 trillion. Its protocol generated $14 million in fees in a single week in March – a 56% jump – with 97% of that revenue automatically used to buy back HYPE tokens daily.

Four major asset managers have now filed spot ETFs for HYPE: Grayscale, Bitwise, 21Shares, and VanEck. That is the first time four firms have raced simultaneously for a DeFi-native token ETF. JPMorgan published a research note on Hyperliquid’s oil trading surge in March. S&P Dow Jones Indices officially licensed the S&P 500 for perpetual contracts on the platform – the first officially licensed S&P 500 derivative on any blockchain.

BitMEX co-founder Arthur Hayes set a $150 price target for HYPE by August 2026, calling it his fund’s largest non-Bitcoin position.

HYPE currently trades near $42.

LINK Token: JPMorgan and UBS Are Testing It

Chainlink secures over $28 trillion in total value across more than 15 blockchains. Its Cross-Chain Interoperability Protocol processes $18 billion per month, growing 62% quarter over quarter. JPMorgan and UBS are running live blockchain settlement tests through CCIP. The Bitwise LINK ETF launched on NYSE Arca, opening LINK to 401(k) and IRA accounts for the first time.

Standard Chartered has set a $25-$45 price target. LINK currently trades near $9.

The gap between what the network does and what the token costs is the story.

ONDO: The Tokenisation Play on Binance’s Rails

Binance partnered with Ondo Finance to relaunch tokenised US stocks and ETFs – the exchange’s first such offering since 2021. Ondo holds 58% market share in tokenised stocks. TVL hit a record $2.52 billion in February 2026.

Franklin Templeton’s $1.7 trillion asset management operation has partnered with the platform. ONDO currently trades near $0.25.

AVAX: BlackRock Chose This Chain

BlackRock is actively tokenising assets on Avalanche. RWA total value locked on the network reached $1.3 billion, doubling since April 2025. VanEck launched the first US spot AVAX ETF in January 2026, including staking rewards. AVAX trades near $9.2.

As one analyst put it: “BlackRock doesn’t tokenize on untrusted chains. If the ETF gains traction, $55 is realistic – but patience is required.“

Which token will rally first and the highest? The market will tell, but the catalysts are live today.