BD VENTURES

🔥 Ledger has just completed a secondary share sale worth 50 million USD, providing existing investors with liquidity without diluting capital. 🔥
💥 CEO Pascal Gauthier stated that the company is not in a hurry to IPO, remaining flexible between listing or continuing private operations depending on the market.
🛡 This move indicates a trend among major crypto companies: prioritizing "waiting for the right time," ensuring liquidity before going public.

💥💥 Morgan Stanley proposes Bitcoin ETF with a fee of 0.14% – igniting the fee war in the $80 billion market
🔥 Morgan Stanley has just filed to launch a Bitcoin spot ETF with a fee of only 0.14%, the lowest in the market if approved. This move puts direct pressure on major competitors like Grayscale and BlackRock, forcing them to consider lowering fees to maintain competitiveness.
💎 The Bitcoin spot ETF, which closely tracks the price of Bitcoin, makes cost a key advantage in attracting capital. With such a low fee, Morgan Stanley is expected to trigger a new fee war in the Bitcoin ETF market worth over $80 billion.
📌 If approved by U.S. regulators, Morgan Stanley could become the first bank to issue a Bitcoin spot ETF, thereby opening the door to crypto investment for millions of wealthy customers and large financial institutions.

🔈🔈 MARKET UPDATE Bitcoin (BTC) – 30/03/2026
💥 Morning session 30/03: BTC is currently maintaining strength and trading steadily around the mark $67,150. After the "whip" that touched the hearts of people last night, clearing tens of millions of USD in Short orders, the Bulls are temporarily in control of the game. The cash flow indicates positive rotation as the market has somewhat digested the tense macro news at the beginning of the week.
💎 HOT News & Breakthrough:
✔️ Vietnam finalizes Crypto tax plan of 0.1%
Shocking news for the Vietnamese trader community: The Ministry of Finance has just confirmed the direction of applying a tax rate of 0.1% on transaction value for crypto investors. The tax is expected to be withheld at source, meaning exchanges will automatically retain this amount for each buy/sell order. The cryptocurrency playground in Vietnam has officially entered a more tightly regulated framework!
✔️ Cryptocurrency officially recognized as "Digital Asset"
Along with the Digital Technology Industry Law that came into effect at the beginning of 2026, Vietnam has made a historic turning point by legalizing the ownership rights of cryptocurrency assets. Fraudulent acts and misappropriation of virtual money now have a full legal basis for criminal prosecution, categorized as "property misappropriation crime". Legitimate investors now have a "shield" of legal protection.
✔️ ETF cash flow "suddenly turns around"
Real-time updated data shows that bottom-fishing demand from large institutions is activating. Bitcoin Spot ETFs just recorded a positive net inflow at a record level in the first session of the week, despite macro risk sentiment.

🔈🔈 Apply tax on Crypto transactions in Vietnam from 27/03/2026

💥 The Ministry of Finance has issued Circular 32/2026/TT-BTC guiding tax policies for trading, transferring, and business activities of crypto assets in Vietnam.

1️⃣ Personal income tax (PIT)
✔️ Applicable to individuals engaging in crypto transfer transactions
✔️ Tax rate: 0.1% on the value of each transaction
✔️ No distinction between residents and non-residents
✔️ Tax is calculated directly on the transfer value, no need to determine profit/loss

2️⃣ Corporate income tax (CIT)
✔️ Domestic enterprises:
👉 Apply a tax rate of 20% on the profit from the transfer of crypto assets
✔️ Foreign organizations:
👉 Apply 0.1% on the value of each transfer

3️⃣ Value-added tax (VAT)
✔️ Activities of transferring and trading crypto assets:
👉 Not subject to VAT

4️⃣ Effective date
✔️ The circular takes effect from 27/03/2026
✔️ Applicable during the pilot phase of the crypto asset market according to government regulations

👑 Important note
✔️ Tax is calculated on each arising transaction
✔️ The higher the transaction frequency → the greater the total tax obligation
✔️ This is an important step in completing the legal framework and managing the crypto market in Vietnam

🔖 Details:   https://www.facebook.com/share/17VFkDCPe8/

🔈🔈 MARKET UPDATE Bitcoin (BTC) – 29/03/2026
💥 Session 29/03: BTC is currently fluctuating around the mark of $66,400 – $66,800. The market is under selling pressure and has recorded a week of declines due to the negative impact of geopolitical tensions in the Middle East (especially the conflict related to Iran) and the uncertainty surrounding peace negotiations. The drop from the $70k mark in the middle of the week has pulled the price back to this important support zone.
💎 Notable news & developments:
✔️ Macroeconomics & Geopolitics: A looming shadow
The US-Iran tensions and the conflict in the Middle East continue to weigh heavily on risky assets. The lack of clear signals for peace negotiations has led to capital flight, raising risk-off sentiment globally, forcing BTC's price to drop below $67k.
✔️ MicroStrategy "unilaterally" accumulating
The latest data shows that MicroStrategy is dominating the Bitcoin purchasing segment of corporate funds, holding up to 76% of the total amount of BTC held by public companies. What is concerning is that aside from this organization, demand from other businesses has nearly dried up.
✔️ Political personnel changes in the US
The "crypto czar" of the Trump administration, David Sacks, just resigned after only 130 days in office due to controversies related to conflicts of interest. This incident creates a legal vacuum and raises concerns about crypto support policies in the US in the near future.

🔥 WHALES SILENTLY ACCUMULATE AMIDST UNSTABLE STORMS 🔥
💥 Large-scale accumulation: Despite escalating conflicts in the Middle East and macroeconomic instability, "whales" and "sharks" (wallets with 10 - 10,000 BTC) have added more than 61,500 BTC in the past month.
⭐️ Potential "Bottom Fishing" signal: Data from Santiment shows that money continues to flow out of exchanges. Experts believe that whales accumulating while retail investors panic sell is often a reliable signal for a new bull cycle.
🛡 Market sentiment: The Fear & Greed Index is deeply submerged at 13 points – a level of "Extreme Fear". While the crowd fears or chases buys due to FOMO, large money is patiently preparing for the next breakout.

💥💥 A "whale" from the ICO days of Ethereum just made a significant profit
✅ Sold ~11.552 ETH (~23.4 million USD)
✅ Average price ~2,027 USD
✅ Initial capital only ~12,000 USD (ICO price ~0.31 USD/ETH)
🔥 After nearly 10 years of HODL, the investment has increased to nearly 80 million USD.
📣 This is not the only case — many long-term wallets are starting to sell off after a long cycle, indicating that selling pressure from "hard" holders is returning.
📌 Question: Is the whale taking profit… or is the market about to change?

🔈🔈 MARKET UPDATE Bitcoin (BTC) – 03/27/2026
💥 Session 03/27: BTC is currently trading around the $68.8k mark after making attempts to test the $70k–$71k range but has yet to break through decisively. The biggest highlight affecting market sentiment today is the massive options expiry event worth $18.6 billion, which is making the flow of funds somewhat cautious and pushing prices into a state of waiting for a trend.
💎 News & notable developments:
✔️ Macroeconomics & Geopolitics: "Safe haven" on the rise
According to the latest report from JPMorgan, Bitcoin is showing strong demand as a "safe-haven" asset amid ongoing U.S.-Iran tensions, especially as traditional channels like gold and silver show signs of weakening.
✔️ Record Options Expiry
Today, Friday (03/27), the market faces a massive Bitcoin options expiry worth $18.6 billion. This event is creating significant psychological pressure, causing prices to trade within a narrow range before the big event. However, the positive point is that the supply of BTC on exchanges has now hit its lowest level in 7 years.
✔️ Major organizations expanding networks
Mastercard is reportedly about to become an important "network bridge" for crypto-fiat after acquiring BVNK. At the same time, BlackRock's tokenized BUIDL fund has just partnered with Chronicle to integrate a new verification layer. Notably, the U.S. financial agency Fannie Mae is also promoting initiatives for mortgages backed by cryptocurrency.

🔥 Bhutan continues to "release" Bitcoin 🔥
💥 This country has just transferred an additional ~519 BTC (~37 million USD), extending a strong selling streak since early March. The total reserves now stand at ~4.453 BTC (~315 million USD), a significant decrease from over 13,000 BTC in October 2024.
⭐️ Nevertheless, Bhutan remains one of the most active countries with crypto as:
✨ It started mining BTC early in 2019
✨ It collaborates to expand large-scale mining
✨ It uses BTC to develop future city projects
🛡 Notably: The selling cash flow is increasing, but on-chain indicators show that selling pressure is gradually decreasing.

🔈🔈 MARKET UPDATE Bitcoin (BTC) – 26/03/2026
💥 Session 26/03: BTC shows remarkable resilience as it not only reclaimed the $70k mark but also continues to surge around the $71,200 – $71,300 trading range at the moment. Despite the overall market being somewhat cautious, BTC is proving strong growth momentum and convincingly establishing a new price level.
💎 News & notable developments:
✔️ Macroeconomic & New milestone of Crypto
While Gold is under pressure to drop quickly, BTC has swiftly absorbed the sell-off and soared past the $71k mark. The White House crypto advisor has just confirmed that the market has reached a "significant milestone," combined with expectations for a market structure bill, which is strengthening investors' strong confidence.
✔️ Mastercard acquires BVNK, expands payment
Mastercard is positioned to become a massive "network connector" between cryptocurrency and fiat after acquiring the BVNK platform.
✔️ Capital flow from Big Banks & Signals from SEC
The CEO of BNY Mellon stated that big banks will be an essential bridge to drive the next crypto wave, particularly emphasizing the Tokenization (RWA) sector. Meanwhile, the SEC is pushing to propose excluding most crypto assets from the current stringent securities regulations.
✔️ Ethereum looks towards a post-quantum future
Ethereum developers have launched an initiative to upgrade the network against threats from quantum computers by 2029. This move helps bolster long-term holding sentiment for the ETH ecosystem.

🔥 Mastercard acquires BVNK (~1.8 billion USD) to build a bridge between crypto and fiat currency 🔥
✨ BVNK is a crypto payment infrastructure, processing >10 billion USD
✨ Supports real-time conversion of stablecoins ↔️ fiat currency
✨ Goal: connect on-chain with the traditional banking system
✨ Mastercard does not speculate on crypto, but occupies a position as a payment infrastructure layer
✨ The stablecoin market could reach ~3 trillion USD/year by 2028
⭐️ Significance:
✨ Promote real-world payments using stablecoins
✨ Mastercard aims to become the default “bridge” between crypto and fiat
🔴 Risks:
✨ Legal pressures (KYC/AML, EU/UK)
✨ Integration system challenges
🛡 This is a long-term move for crypto payment infrastructure, not a “short-term pump” news

💥💥 Mastercard, Western Union, Worldpay integrate the new platform of Solana
🔥 The Solana Foundation has just launched the Solana Developer Platform (SDP) – a toolkit for businesses to build financial products on the blockchain faster through pre-integrated APIs.
💎 This platform revolves around 3 main areas:
✅ Issuance: issuing stablecoins & digital assets (RWA)
✅ Payments: processing fiat – crypto payments, on/off-ramp
✅ Trading: on-chain trading, atomic swap, FX
👑 Right at launch, SDP attracted giants like Mastercard, Western Union, and Worldpay:
✅ Mastercard: building stablecoin payment infrastructure on Solana, combining the acquisition of BVNK to expand the crypto–fiat ecosystem
✅ Worldpay: optimizing commercial payments & reducing intermediary costs
✅ Western Union: testing cross-border money transfers on-chain
📌 SDP is currently running testnet, expected to be completed in 2026.
📌 The trend is clear: TradFi is moving from "observing" to integrating blockchain to enhance efficiency and expand use cases.

🔈🔈 Emmanuel Macron to Speak at Paris Blockchain Week 2026 — A Historic First for a Sitting G7 President
💥 Emmanuel Macron will deliver a special address at Paris Blockchain Week 2026 (April 15–16 at Carrousel du Louvre), marking the first time a sitting G7 President speaks at an institutional digital assets conference.
👑 His speech will highlight Europe’s key strategic priorities:
✔️ Development of euro-denominated stablecoins
✔️ Introduction of a digital euro (CBDC)
✔️ Establishment of regulatory frameworks to position Europe at the center of the global digital economy
⭐️ The event is expected to gather 10,000+ attendees from 100+ countries, including major financial institutions such as BNP Paribas, HSBC, JPMorgan Chase, Goldman Sachs, and Morgan Stanley.
💎 The week will kick off with an exclusive VIP Dinner at Château de Versailles, bringing together around 500 leaders across finance, tech, and institutions.
📣 France continues to strengthen its position as a leading G7 jurisdiction for digital assets, building on frameworks like PACTE and PSAN, while advancing under the EU’s MiCA regulation.
📌 This milestone reinforces Paris as a leading hub for digital finance in Europe and a key player in shaping the future global financial architecture.

🔈🔈 MARKET UPDATE Bitcoin (BTC) – 25/03/2026
💥 Session 25/03: BTC fluctuates around the mark $69k–$70k. Although under pressure from geopolitical tensions (US - Iran) pushing the price down to the $67k range earlier, BTC quickly saw buying strength and impressive technical recovery above $70k as hopes rose for easing tensions.
💎 News & notable developments:
✔️ Macroeconomics & Geopolitics dominating short-term
The market is highly volatile according to news of US - Iran tensions. The swift recovery of BTC shows the good resilience of this asset as a risk hedging channel.
✔️ Major institutions ramping up Custody & Yield
Lombard officially partners with Bitwise to provide yield solutions and Bitcoin lending specifically for custodial institutions.
✔️ Whales set record "bottom fishing"
On-chain data shows that "whale" wallets (holding >1,000 BTC) have accumulated an additional 270,000 BTC in the past 30 days – the largest monthly accumulation since 2013. Notably, up to 8,400 BTC were gobbled up within just 48 hours after the FED's shakeout.
✔️ CZ launches new book
Former Binance CEO - Changpeng Zhao (CZ) has just announced the completion of a new book titled "Freedom of Money" (Chinese title: 币安人生). Memecoins and tokens related to this keyword immediately experienced a short-term fomo surge.
✔️ Historic hearing on Tokenization (RWA)
The US House of Representatives will hold a crucial hearing on Tokenization today, 25/03. This could be a major catalyst for capital flowing into the RWA space following positive developments of the CLARITY Act.
🛡 Strategy:
✔️ Near support: ~$67,000–$68,000
✔️ Short-term resistance: ~$71,000–$72,000

🔥 Weak spot volume, prices still rising – a noteworthy signal 🔥
✨ Spot volume on Binance has dropped to its lowest level since 09/2023 (~52B USD)
✨ Inflow of funds to the exchange is weakening → actual demand is not strong
✨ The rise mainly comes from news + short squeeze (44M USD in short positions liquidated in 1 hour)
✨ Open Interest decreased by ~4% → traders are closing positions, not opening new ones
✨ Coinbase premium is negative → buying power from the US is still weak
⚠️ Noteworthy points:
✨ Whale inflows have increased significantly → the market is sensitive to short-term fluctuations
✨ Selling supply has decreased but there are no clear new inflows of funds

💥💥 Strategy has just announced a plan to raise a total of 44.1 billion USD to expand its Bitcoin holdings, despite the significantly weakening market context.
🔥 Specifically, the company plans to raise 21 billion USD through the issuance of common stock MSTR, while adding another 21 billion USD from perpetual preferred stock (STRC) and up to 2.1 billion USD from another series of preferred stock, STRK. These offerings will be implemented in an "at-the-market" (ATM) manner, allowing gradual sales of shares into the market over time rather than raising a large amount at once.
💎 Alongside the capital raising strategy, Strategy continues to maintain regular purchases of Bitcoin. In just the first three months of 2026, the company has added nearly 90,000 BTC to its reserves. As of now, the total holdings have reached 762,099 BTC, equivalent to approximately 54 billion USD.
📌 Although this portfolio is currently recording an unrealized loss of about 6.3%, the move to continue increasing the position shows Michael Saylor's long-term belief in Bitcoin as a strategic asset. In the context of market volatility, this approach reflects a consistent viewpoint: to leverage downturns for accumulation rather than to shrink positions.

🔈🔈 Bitcoin (BTC) News Update – 03/24/2026
💥 Price Situation: On Tuesday morning, BTC is trading around $70,500 - $70,800. After a pretty good recovery from the short-term bottom of $68,000 last weekend, the buyers have successfully pushed the price back above the psychological level of $70k. However, short-term selling pressure at the high remains, combined with macro risks causing the price to currently stabilize to create a accumulation base before a new direction.
💎 Spotlight News on 03/24/2026
✔️ IMF releases historical report on Stablecoins and Bonds: Early this morning (03/24/2026), the International Monetary Fund (IMF) released an important working report, officially acknowledging that stablecoins are impacting and reshaping the treasury bond market as well as traditional monetary policy mechanisms. This is clear evidence of the growing influence of crypto on the global financial system.
✔️ MicroStrategy continues to "drain" supply: The organization of billionaire Michael Saylor continues to attract market attention by activating its fundraising plan to acquire more Bitcoin. As of now, this company's "treasury" has accumulated a record 762,099 BTC, affirming its strategy of relentless accumulation despite price volatility.
✔️ ETF cash flow shows clear differentiation: According to the latest data from SoSoValue, Bitcoin Spot ETFs continue their impressive cash inflow streak with a net inflow of $95.18 million in the past week (the 4th consecutive week of positive cash flow), bringing total assets under management to $90.3 billion. In contrast, Ethereum Spot ETFs saw a net outflow of nearly $60 million.

🔥 NYSE "loosens" strongly with crypto ETFs 🔥
💥 The New York Stock Exchange (NYSE) has officially lifted the limit of 25,000 options contracts for 11 Bitcoin & Ether ETFs — opening up a larger space for institutional capital.
⭐️ Notable points:
✨ Approved immediately by the U.S. Securities and Exchange Commission (SEC), bypassing the 30-day waiting period
✨ Applies to major ETFs such as iShares Bitcoin Trust, Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF
✨ Allows FLEX options trading → customizable strike, expiry, structure
🔍 Significance:
✨ Significant liquidity increase
✨ Institutions can enter/exit positions more easily
✨ Brings crypto ETFs closer to the standard of traditional commodity ETFs
🛡 This is the next step in the "Wall Street-ification" of crypto, as financial products become increasingly flexible and sophisticated for large capital flows.

💥💥 Grayscale Investments files an ETF application for HYPE — marking a new expansion step in the ETF race towards DeFi
🔥 HYPE's token directly benefits as Hyperliquid experiences a liquidity surge, with weekly derivatives volume reaching up to 40–100B USD.
📈 Clear narrative:
✅ ETF = gateway to institutional capital
✅ On-chain perps = demand for trading 24/7
✅ Macro volatility = growth catalyst
📌 If the ETF is approved, HYPE could become the next case study after BTC & ETH in the wave of institutional adoption.