Ripple’s Asia-Pacific managing director Fiona Murray stated the company has identified sufficient institutional demand in Australia to justify acquiring a local financial services license. The fintech firm is targeting April 2026 to complete the acquisition process, positioning itself to offer regulated payment and settlement services in the region.
Archives: Fast News
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Market Bulletin #1
Total crypto market cap stands at $2.38T with 24-hour volume at $114.04B. Bitcoin dominance holds at 58.82% while Ethereum at 10.33%. BTC trades at $70.1K, up 1.78% in 24 hours and 2.65% over 7 days. ETH at $2.0K, gaining 1.30% daily and 2.97% weekly.
Top gainers include KAIA (+8.62%), FET (+7.13%), and VIRTUAL (+6.55%). Notable losers: DEXE (-11.84%), FIL (-8.22%), and KITE (-6.57%).
Futures sentiment shows strong bullish positioning: BTC long/short ratio at 1.33 (57% long, 43% short), ETH at 1.94 (66% long, 34% short), and SOL at 2.54 (71.8% long, 28.2% short). Options data indicates moderate caution with BTC put/call at 0.69 (IV 62.7%) and ETH at 0.63 (IV 83.5%).
In DeFi, Ondo Yield Assets TVL declined 15.2% to $2.1B. Macro backdrop: 10-year Treasury yield down 0.7% to 4.12%, while 2-year yield holds at 3.56%. Gold and silver saw mixed pressure, with gold down 1.5% and silver off 0.2% on the day.
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Bitwise’s CIO believes Bitcoin could reach 1,000,000 USD, emphasizing its competition with gold in the global store of value market
Matt Hougan, Bitwise’s CIO, reiterated the potential for Bitcoin to hit 1,000,000 USD, viewing it as a competitor to gold in the global store of value market valued at nearly 38 trillion USD.
He noted that with a compound annual growth rate of 13% over the next decade, the market could swell to approximately 121 trillion USD, allowing Bitcoin to capture around 17% to reach its target price.
Recent trends in institutional investments support this outlook, as significant funds have begun allocating to Bitcoin, although risks such as government debt remain present.
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US Senators negotiate compromise on stablecoin yields to advance the delayed Clarity bill
Negotiations are underway among US Senators regarding stablecoin yields to push forward the postponed CLARITY bill.
Banking industry lobbying has raised concerns over stablecoin yields potentially siphoning off bank deposits, prompting the need for compromise.
Angela Alsobrooks and other Senators stress the importance of compromise for innovation, suggesting yield models be linked to account activity.
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American Bankers Association survey shows consumers favor limiting stablecoin yields to reduce bank risk
The survey shows strong consumer backing for restricting stablecoin yields, with 84% believing banking service providers must follow regulations. Nearly half of participants express uncertainty about Congress’s role in limiting stablecoin rewards.
Interestingly, 80% of respondents have never owned a stablecoin, demonstrating a significant gap in engagement. Additionally, 48% of participants are unlikely to consider stablecoin investment in the coming year.
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Arbitrum mentorship program accepting applications through April 7
Arbitrum is accepting applications for its 8-week mentorship program aimed at supporting new blockchain-based businesses. The program will select 15 teams to receive mentoring sessions with leading crypto venture capital firms including Pantera Capital, Electric Capital, and Lightspeed Venture Partners. Selected teams will also participate in a Demo Day to pitch to investors and compete for up to $100,000 in rewards. Applications close April 7.
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Bitcoin could reach $1 million per coin under conservative scenarios, Bitwise CIO argues
Bitwise Chief Investment Officer Matt Hougan outlined a scenario where Bitcoin could appreciate to $1 million per coin based on what he describes as reasonably conservative assumptions. The analysis suggests that even with measured growth projections, BTC has potential for significant long-term appreciation from its current price near $70,000. Hougan’s assessment reflects a longer-term perspective on Bitcoin’s role in global financial markets and asset allocation.
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Aave founders advocate for reforms in DAO governance to enhance execution efficiency
In a recent article on X platform, Kulechov emphasized the need for reforms that streamline Aave’s governance. He notes that current processes delay important decisions and should be simplified to enhance agility in capturing lending market opportunities.
The Aave community is facing difficulties, with key contributors like BGD Labs and ACI withdrawing from discussions due to disagreements with Aave Labs over governance proposals, specifically the ‘Aave Will Win’ initiative.
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Large USDC transfer moves 217 million across wallets
A transfer of 217,134,031 USDC (approximately 217 triệu USD) moved between unknown wallets, according to whale tracking data. The transaction size represents a significant on-chain movement, though the origin and destination of the funds remain unidentified. Large stablecoin transfers often signal institutional activity or exchange consolidation, but without additional context, the specific intent behind this movement is unclear.
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Changpeng Zhao’s wealth exceeds Bill Gates, reaching 110 billion USD
Changpeng Zhao ranks 17th on Forbes’ billionaire list, while Bill Gates ranks 19th.
Binance commands a market share of approximately 38% with an annual trading volume exceeding 30 trillion USD.