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The Hong Kong Monetary Authority (HKMA) has delayed the issuance of its first stablecoin license, which was originally scheduled for the end of March, Wu Blockchain reported. HSBC, Standard Chartered (SC), and Hong Kong crypto exchange OSL were previously cited as likely recipients.

B2C2, the crypto market maker acquired by Japanese financial giant SBI Holdings in 2020, has selected Solana (SOL) as its settlement network for institutional stablecoin clients, Unfolded reported. The network supports USDC and USDT. The company also launched PENNYswap (PENNY), a zero-fee service for banks' foreign exchange and cross-border operations.

BTC is trading 21% above its realized price of $54,286, CoinDesk reported via X. The analysis suggests that based on data from the last three years, the current price level is nearing a signal for a market cycle bottom. The realized price reflects the average on-chain acquisition cost for all coins.

Decentralized perpetual futures exchange Hyperliquid (HYPE) recorded $64.1 million in revenue for March, a 10.6% decrease year-over-year, according to data from DeFiLlama.

According to Coinglass data, if BTC breaks through $69,447, an estimated $434.38 million in short positions will be liquidated across major centralized exchanges. Conversely, if the price drops below $67,422, $610.93 million in long positions face liquidation.

Top 5 Gainers (24h) - BLUR: +40.30% to $0.0243, with a 24-hour volume of $99.24 million - NOM: +27.58% to $0.0057, with a 24-hour volume of $136.58 million - ONT: +25.30% to $0.1042, with a 24-hour volume of $125.45 million - EVER: +20.78% to $0.0035, with a 24-hour volume of $35,550 - STO: +19.58% to $0.2384, with a 24-hour volume of $178.84 million Top 5 Losers (24h) - FOXY: -13.56% to $0.0001, with trading volume unavailable - SXP: -12.02% to $0.0022, with a 24-hour volume of $2.07 million - ABT: -11.33% to $0.3043, with a 24-hour volume of $3.19 million - COMMON: -10.81% to $0.00036, with a 24-hour volume of $746,620 - HONEY: -10.00% to $0.0018, with a 24-hour volume of $573,640

South Korean retail investors purchased nearly one trillion won worth of cryptocurrency-related stocks and ETFs in the first quarter of this year, Edaily reported. Citing data from the financial information portal SEIBro, the report noted that from the start of the year through March 30, these investors net-purchased a total of $627.55 million (approximately 948.6 billion won) in such assets. This figure represents 9.7% of all net purchases of overseas stocks during the same period. The most heavily purchased instrument was the "2X ETHER ETF," which offers 2x leveraged exposure to the price of Ethereum.

An anonymous new wallet address starting with 0x5e2E has withdrawn 25.5 million STO, valued at $4.85 million, from Binance over the past 20 hours, Lookonchain reported. This amount accounts for 11.32% of the total supply. Withdrawals from exchanges are typically seen as a sign of intent to hold. Lookonchain added that the price of STO has surged 136%, rising from $0.11 to $0.26.

Bithumb announced it will temporarily suspend deposits and withdrawals for Bitcoin SV (BSV) starting at 8:00 a.m. UTC on April 7 due to a network upgrade.

The Australian Parliament has passed a new regulatory framework for cryptocurrencies that requires exchanges and custody platforms to obtain a financial services license within six months, CoinDesk reported. Under the new law, crypto exchanges will be integrated into the existing Australian Financial Services Licence (AFSL) system and must secure a license from the Australian Securities and Investments Commission (ASIC). These platforms will be subject to the same regulations as brokers and asset managers, with obligations including protecting client assets, making standard disclosures, and implementing a dispute resolution system.

The Iranian Parliament announced it will not open the Strait of Hormuz, clarifying that it has never negotiated on the matter and has no plans to do so.

Overall trading volume on South Korean cryptocurrency exchanges decreased in the first quarter of 2026, though a surge in activity on some smaller platforms indicates a potential market shift, Digital Asset reported. A survey of Upbit, Bithumb, Coinone, Korbit, and Gopax from Oct. 1, 2025, to March 31, 2026, found that the five exchanges' combined trading volume fell from 397.7 trillion won in the fourth quarter of 2025 to 318.3 trillion won in the first quarter of 2026. The decline was most pronounced at Upbit and Bithumb. During the period, Upbit's volume fell by 21.8% from 259.4722 trillion won to 202.8931 trillion won. Bithumb experienced the largest drop among major exchanges, with its volume decreasing by 31.3% from 121.8856 trillion won to 83.9314 trillion won.

Li Xiong, chairman of Huione Group, has been extradited to China for his alleged involvement in online scams targeting South Koreans in Cambodia, according to a report from News1. Li is accused of numerous crimes, including operating casinos, fraud, illegal business practices, and concealing criminal proceeds. He served as chairman of Huione Group, a subsidiary of Prince Group, which has been identified as the main perpetrator of the scams in Cambodia. Last May, the U.S. Treasury Department designated Huione Group and its cryptocurrency exchange, Huione Guarantee, as financial institutions of concern for their role in laundering North Korean cryptocurrency, blocking them from the U.S. banking system.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.6% long, 49.4% short - Binance: 51.42% long, 48.58% short - OKX: 50.38% long, 49.62% short - Bybit: 50.54% long, 49.46% short

XRP's technical outlook suggests limited upside with a high probability of falling below $1, Watcher.Guru reported. Crypto analyst CasiTrades noted that sellers currently dominate the market. He warned that if XRP fails to defend the $1.3 level, it could see further declines to $1.09 and then $1.06. According to the analyst, aggressive selling has emerged following conflict in the Middle East and rising oil prices, which will test investor patience. He predicted that a break below the $1.06 support level could trigger a rapid fall to $0.87. Watcher.Guru added that XRP has already dropped approximately 13% over the past two weeks and its decline could accelerate if Bitcoin turns bearish.

Cryptocurrency exchange Gemini burned 128 million RLUSD on the XRP Ledger (XRPL) on March 31 to recover liquidity, The Crypto Basic reported. XRPL validator Vet explained that the move was a normal procedure for Gemini to reclaim liquidity used in minting RLUSD with Ripple, adding that Ripple repaid the corresponding fiat currency to Gemini after the burn. The outlet noted that while the burn sparked some speculation about Gemini's financial health, the exchange has stated that all its services are operating normally and user funds are secure.

South Korea's ruling Democratic Party is pushing to establish a new virtual asset market surveillance agency, Edaily reported. The proposed body's responsibilities would include: - Monitoring and investigating unusual trading activity and auditing members - Implementing cross-market surveillance and user protection measures - Establishing market surveillance regulations and handling disciplinary actions against member firms and their employees While South Korea's Financial Services Commission (FSC) expressed agreement with the proposal's intent, it voiced concerns about the potential for overlapping roles with the existing Financial Supervisory Service (FSS).

According to CoinNess market monitoring, BTC has risen above $69,000. BTC is trading at $69,050 on the Binance USDT market.

Upbit announced it will temporarily suspend deposits and withdrawals for Taiko (TAIKO) at 11:00 a.m. UTC on April 2 to support a network upgrade.

Bitcoin is experiencing a milder decline in the current cycle compared to previous ones, according to an analysis by Fidelity. Zack Wainwright, a research analyst at Fidelity Digital Assets, noted that while BTC has historically seen sharp drops of 80% to 90% after reaching all-time highs, the decline in this cycle has been limited to around 50%. "As cycles repeat, a phenomenon of diminishing returns is emerging, with volatility decreasing during both rises and falls," he explained, according to Cointelegraph. Separately, Joao Wedson, founder of crypto analytics firm Alphractal, projected that the market bottom is likely to form in late September or early October, based on historical patterns. He noted that the peak of the current cycle occurred 534 days after the last halving.

Bitcoin transaction fees have dropped to their lowest level since 2017, on-chain analyst Darkfost said on X. The annual average fee is now under $0.40, a very low level compared to the past. However, transaction activity has not decreased significantly, with an annual average of 3,000 transactions occurring daily. "The decline in fees can be attributed to the introduction of Inscriptions, which utilize the Bitcoin network for storing images or files," Darkfost explained. "This feature adjusts the transaction capacity that can be included per block, marking a significant technological advancement for the Bitcoin network. Historical data shows a recurring pattern where fees peak during price highs and remain low in bear markets like the current one."

Goldman Sachs analysts said in a report that while market pricing for the U.S. federal funds rate shifted rapidly after the outbreak of war with Iran, the probability of a rate hike this year remains low. They explained that the current supply shock is small and more limited than past shocks that triggered inflation, and the rise in oil prices is less significant than in the 1970s. The analysts added that the economy's starting point reduces the likelihood of widespread inflation, and the current monetary policy stance also lowers the chances of a rate hike. They emphasized that the Federal Reserve does not typically implement tightening policies based on oil shocks alone.

Top 5 Rising Sectors - Binance Megadrop: +34.46%, led by KERNEL (+38.04%) - Reddit Points: +33.54%, led by MOON (+33.54%) - Restaking: +25.27%, led by STAKE (+70.39%) - Stablecoin Protocols: +11.4%, led by STABLE (+20.95%) - Derivatives: +11.28%, led by TROVE (+104.58%) Top 5 Falling Sectors - AI Agents: -30.66% - Four.meme Ecosystem: -30.6% - Arcade Gaming: -12.18% - Startup Builders (MVB): -10.02% - AI & Big Data: -9.91%

The new Director of Enforcement at the U.S. Commodity Futures Trading Commission (CFTC), David Miller, has warned that the agency will strictly punish insider trading in prediction markets, Cointelegraph reported. Miller stated that the CFTC is closely monitoring recent allegations of insider trading related to bets on various political and diplomatic events. He emphasized that the notion circulating on social media that insider trading laws do not apply to prediction markets is "completely wrong." The warning comes as the U.S. Congress and regulatory authorities are moving to establish rules to prevent such activities. In response, major platforms like Kalshi and Polymarket have introduced their own internal rules against insider trading.

AI-powered payment platform Keeta Network announced on its official X account that it now supports direct payments and transfers with Alchemy Pay (ACH). The update enables ACH transfers from USD accounts and adds new features, including named dollar accounts and automatic withdrawals.