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.

The post Private Credit Is Cracking: Are We Headed for a 2008-Like Crisis? appeared first on Coinpedia Fintech News

The Federal Reserve is asking major US banks how exposed they are to the private credit market. The Treasury is asking insurance companies the same question. Neither has announced a formal investigation. They are doing it through routine examination channels, which is what regulators often do when they are worried but do not yet know how worried to be.

The $1.8 trillion private credit market is facing its most significant stress since it emerged after the 2008 financial crisis. Understanding why requires a brief look at how it was built.

What Private Credit Is and Why It’s Cracking

Private credit funds lend directly to mid-market companies – typically businesses too small for public bond markets. Between 2019 and 2021, when interest rates were near zero, these funds wrote loans aggressively, particularly in software and technology. The problem is loans written during that period are now coming due. That puts the refinancing wall squarely in 2025 and 2026, when rates are dramatically higher.

Companies that borrowed at effectively zero must now refinance at 5-6% more, or default. Many are choosing a third option: Payment-in-Kind interest, or PIK, where instead of paying cash interest, they simply add it to the principal.

According to reports citing Fitch and KBRA ratings data, bad PIK reached 6.4% of total private debt volume in Q1 2026 – a recognised precursor to hard defaults.

Blue Owl Capital became the most visible casualty. Its OBDC II fund, which had promised retail investors access to private lending returns, was overwhelmed by a 200% surge in withdrawal requests and permanently closed its redemption gates. Morgan Stanley’s North Haven Private Income Fund met only 45.8% of tender requests in March.

The deeper problem is opacity. These funds mark their own books. There is no public market to challenge their valuations. A loan can sit at 100 cents on the dollar in a quarterly report and be zero the next.

Is This 2008?

Not yet. The Federal Reserve has stated the private credit market does not currently pose a systemic threat to the banking core. Unlike 2008, around 80% of private credit assets sit in closed-ended structures with locked capital. There are no depositor runs possible. Fund-level leverage remains modest.

But pockets of stress are real, spreading, and now drawing regulatory attention.

What This Means for Bitcoin and Crypto

Private credit stress compounds the same macro ceiling that has kept Bitcoin range-bound since February. Credit stress plus energy inflation plus a Fed on hold is the late business cycle environment where capital does not rotate into risk assets.

Bitcoin’s best week in months came from geopolitical relief, but the underlying financial conditions have not changed.

The post No, Bitcoin Has Not Bottomed Yet: Analyst Who Called the Top Explains Why appeared first on Coinpedia Fintech News

Bitcoin just had its best week in a while. The ceasefire rally, the CPI relief, $73,000 briefly touched. After weeks of grinding losses, it finally feels like something has changed.

But one analyst who publicly called the top six months ago is not buying the narrative shift. According to Benjamin Cowen, founder of Into The Cryptoverse, the data does not yet support calling a bottom – and the 4-year cycle is still pointing to October.

The Three On-Chain Signals That Matter

Cowen’s case is not based on sentiment or macro headlines. It is based on three specific on-chain conditions that have marked every previous Bitcoin cycle bottom and none of which have triggered yet.

First, the supply in profit/loss indicator has not crossed.

“All prior lows occur after they cross, not before,” Cowen said in a recent video. “And we haven’t seen that cross yet.”

Second, the MVRV Z-score has not gone below zero. Every previous bear market bottom has required this reset. It has not happened.

Third, Bitcoin has not traded below both its realized price, currently around $54,000, and its balance price, which sits near $39,000. Historically, every cycle bottom has involved Bitcoin touching both levels.

The Bear Market Resistance Band

Cowen identifies $78,000 to $79,000 as the current bear market resistance band – the level where the former bull market support has flipped to overhead resistance. Until Bitcoin closes convincingly above that level, the structure of a bear market remains intact.

Tactical rallies, he notes, are entirely normal within bear markets and do not signal a trend reversal.

October Is the Most Likely Bitcoin Bottom

The 4-year cycle has run November to November in 2021-2022 and December to December in 2017-2018. Cowen’s base case is October to October this time, putting the most likely low in Q4 2026.

He gives it 75% probability that the bottom is still ahead.

“I would say there’s like a 75% chance that the Bitcoin bottom is still in the future,” he said. “Maybe a 25% chance that it’s already in.”

His implied price target for a full reset sits around $39,000 – the balance price, and roughly a 70% decline from the $126,000 peak, consistent with every prior bear market being slightly less severe than the last.

What Would Change the Thesis

Cowen is not permanently bearish. He acknowledges the 25% scenario where the low is already in and says he would revise his view if Bitcoin has not made a new low by October. The thesis is data-dependent, not directional.

The post Trump Says Iran-US Deal Is 99% About One Thing: What That Means for Bitcoin appeared first on Coinpedia Fintech News

An extremely consequential diplomatic meeting is hours away.

Iran’s 71-person team, led by Parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi, arrived in Pakistan’s capital this morning for direct negotiations with US Vice President JD Vance, special envoy Steve Witkoff and Jared Kushner.

It is the first face-to-face meeting between the two nations since the war began on February 28. Bitcoin is currently trading at $72,798, up 8.62% on the week.

Iran vs US: What Both Sides Are Demanding

The positions entering these talks remain far apart. Iran’s 10-point proposal demands Iranian oversight of the Strait of Hormuz, sanctions relief, war reparations, frozen asset releases and a halt to Israeli operations in Lebanon.

The US 15-point counter-proposal centres on one non-negotiable: no nuclear weapon.

Trump Says This Deal Is “99%” About One Thing

President Donald Trump made his priorities explicit before departing for Virginia yesterday. Asked what a good deal looks like, he said: “No nuclear weapon. That’s 99% of it.”

On the Strait of Hormuz, his view was equally direct: “That’ll open up automatically, otherwise they make no money.”

That framing matters. Trump is not treating Hormuz as the primary obstacle. He is treating it as an economic inevitability. If nuclear is genuinely 99% of the deal, the bar for an agreement that moves markets is lower than most traders currently assume.

Also Read: Is Bitcoin Being Manipulated by Market Insiders?

What a Peace Deal Actually Does to Bitcoin’s Price

The war has been Bitcoin’s single biggest macro headwind since February. The conflict closed the Strait of Hormuz, disrupted 20% of global oil supply, drove the largest monthly CPI increase since June 2022, and kept the Federal Reserve on hold. Every one of those pressures traces back to this room in Islamabad.

A deal framework, even a partial one, removes the energy inflation overhang that has suppressed Bitcoin for six weeks. Analysts have projected a move toward $75,000 to $80,000 if geopolitical risk is sustainably removed.

The Crypto Fear and Greed Index has been in extreme fear for over 60 consecutive days, the longest streak on record. A credible path to peace ends that.

The Honest Risk

Pakistan has set a modest goal: get both sides to agree to keep talking. Ghalibaf arrived saying “we have goodwill, but we do not trust.” A breakdown in talks sends oil back toward $110 and Bitcoin back toward $65,000 support.

Vance said before boarding his flight: “I think it’s going to be positive.”

The gap between those two statements is where Bitcoin’s next major move is being decided today.

The post Bitcoin Breaks $73,000 as Core CPI Surprises: Will the Rally Last? appeared first on Coinpedia Fintech News

Bitcoin briefly crossed $73,000 this afternoon, hitting a high of $73,115 before pulling back.

It is currently trading at $72,794, up 2.51% in the past 24 hours and 8.81% on the week.

The March CPI report that everyone had been watching landed this morning, and understanding what it actually said explains the move.

The CPI Report: Reading Past the Headline

The March CPI report landed this morning and the headline looked alarming. Inflation rose to 3.3% year-on-year, up from 2.4% in February, marking the largest month-on-month increase since June 2022.

But CryptoQuant analyst Darkfost published a breakdown that explains why Bitcoin rallied rather than sold off.

The entire rise was driven by energy prices, which surged 10.9% in March including a 21.2% spike in gasoline – a direct consequence of the Iran war’s disruption to oil supply routes. Food prices remained flat.

Core CPI, which strips out energy and food, came in at 0.2% month-on-month. The forecast was 0.3%.

“Looking at Core CPI which excludes energy and food shows that inflation has not deeply anchored itself in the broader economy, as there was little to no significant change,” Darkfost wrote. “This suggests that, for now, inflation remains concentrated in energy and largely reactive in nature, rather than systemic.”

His conclusion on the Fed was direct: “The Fed will do nothing, and will wait and see, as usual.”

For Bitcoin, a contained core reading removes the scenario the market feared most. The rate cut conversation hasn’t reopened but it hasn’t closed either.

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

The Next Catalyst Is This Weekend

The CPI data landed on top of existing geopolitical momentum. The two-week US-Iran ceasefire announced April 7 already sent Bitcoin from $68K to $72K.

Now, peace talks between US and Iranian delegates are scheduled in Islamabad this weekend, with JD Vance leading the American team in what would be the highest-level US-Iran meeting since 1979.

A confirmed deal would ease energy prices further, strengthen the rate cut case, and accelerate Bitcoin’s rally.

What to Watch

Analysts are flagging that April’s CPI data will be the real structural test – the question is whether energy-driven inflation begins spreading into the broader economy as the conflict continues.

$75,000 remains the confirmed breakout level analysts are watching. Whether it can hold above $73,000 on a sustained basis remains the immediate question.