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Thursday2026/0416
03-20

World Gold Council Proposes Shared Infrastructure for Tokenized Gold Products

The World Gold Council, the gold industry's leading market-development body, announced Thursday it is building shared infrastructure designed to make digital gold products more interoperable, scalable, and easier to launch.The initiative, detailed in a white paper co-authored with Boston Consulting ...

Senate Advances CLARITY Act as Stablecoin Negotiations Near

Key Insights:Senate Republicans held a private session with Patrick Witt as negotiations continued on the CLARITY Act.GOP lawmakers urged the White House to publish an economic review on stablecoin yield, bank deposits, and lending, but the study remains private.The revised CLARITY Act moved to the ...

Bitcoin Nears Key Support Zone Amid Historical Bull Run Parallels

Bitcoin briefly climbed past $71,000 early Friday, as it slightly bounced back from earlier weakness. This comes as authorities worked to address oil supply disruptions in the Strait of Hormuz and restore market stability.Amid these developments, Bitcoin is nearing a long-standing support trendline ...

U.S. Senators Reach Tentative Stablecoin Yield Agreement, Reviving CLARITY Act

Senator Thom Tillis and Senator Angela Alsobrooks have reached a tentative agreement with the White House on stablecoin yield language that could break the months-long deadlock holding up the Digital Asset Market Clarity Act (CLARITY Act).The deal, first reported by Politico on March 20, targets the...

BitFuFu Shifts to Cloud Mining as Self-Mining Revenue Drops 60%

TL;DRBitFuFu generated $475.8 million in 2025 revenue, but self-mined Bitcoin fell to 611 BTC and self-mining revenue dropped about 60% to $63.1 million.Cloud mining became the main driver, contributing $350.6 million, or 74% of total revenue, while customer activity produced 3,051 BTC during 2025.D...

Nevada Temporarily Bans Prediction Market Platform Kalshi Amid Legal Battles

Nevada has become the first US state to force prediction market platform Kalshi to halt operations entirely. The ban arrives amid a turbulent stretch for Kalshi as it fights legal battles on multiple fronts across the country. The company continues to argue that its products are financial instrument...

Stablecoin Supply Nears $318B Amid Capital Reallocation and Growth

HyperEVM is emerging as a strong liquidity hub, with stablecoin supply and TVL both surpassing $1 billion soon after launch. At the same time, Hyperliquid [HYPE] L1 holds over $5 billion in stablecoins, which reinforces broader ecosystem momentum.However, bridges such as HyperCore receive the majori...

Kalshi Faces Two-Week Nevada Ban in Legal Dispute Over Prediction Markets

Kalshi is now under a two-week restraining order barring bets in Nevada while a legal debate proceeds over the longer-term status of prediction markets there.The First Judicial District Court of Nevada issued a 14-day order on Friday, directing the platform to cease offering event contracts in that ...

Ripple Survey Reveals Digital Assets Are Now Essential for Financial Institutions

TL;DR:Mass adoption: Seven out of ten finance leaders state that offering crypto solutions is indispensable for maintaining competitiveness in today’s market.Power of stablecoins: 74% of respondents identify stablecoins as key tools for optimizing cash flow and working capital.Priority security: 97%...

Hyperliquid Leads Perp DEX Metrics, GRVT, Pacifica, and Reya Outperform in Efficiency

TL;DRHyperliquid leads all perpetual DEX platforms in open interest, total value locked, and weekly trading volume, reinforcing its position as the sector’s largest liquidity hub. Meanwhile, GRVT, Pacifica, and Reya post the highest efficiency scores, showing stronger activity relative to their capi...

Senate Republicans Near Agreement on Stablecoin Yield Provisions in CLARITY Act

Senate Republicans have reportedly reached near-complete agreement on stablecoin yield provisions in the Digital Asset Market Clarity Act (CLARITY Act) following a closed-door meeting on March 20.The session included White House Crypto Council Executive Director Patrick Witt alongside Senators Cynth...

SMCI Stock Plummets 28% After Co-Founder Charged in $2.5B Nvidia Chip Export Case

Super Micro Computer shares have fallen sharply today after U.S. prosecutors charged three people tied to the company in an alleged scheme to divert restricted AI server technology to China. At press time, the SCMI stock had dropped by about 28% to trade at a 52-week low of $22.03 after the indictme...

Fed's Overnight Reverse Repo Facility Near Zero, Raising Macro Risks for Bitcoin

Bitcoin’s real macro risk right now is more discreet than simply watching the price of oil. Behind the scenes, a Fed liquidity cushion is nearly gone, and it can quickly become a headwind for Bitcoin's attempt to avoid a deep crypto winter.On March 19, usage of the Federal Reserve’s overnight revers...

Quadruple Witching 2026: $7.1 Trillion Derivatives Expiry Sparks Market Volatility

One of the most turbulent days in the financial calendar has arrived. Quadruple witching, a quarterly event where trillions of dollars in derivatives expire simultaneously, is happening today, and crypto markets are already feeling the pressure.What Is Quadruple Witching?Four times a year, on the th...

SEC Provides Crypto Clarity, But Long-Term Uncertainty Remains

A version of this article appeared in our The Roundup newsletter on March 20. Sign up here. Hi. Eric here. On Tuesday, Paul Atkins gave the crypto industry a late Christmas gift. The Securities and Exchange Commission chair issued a landmark interpretation of federal securities laws, providing lon...

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