Obex, supported by Sky, allocates $1 billion between loans, energy, and AI
The stablecoin incubator is betting on tokenized assets related to AI equipment, energy, and real estate. Thus, Sky aims to move away from ‘closed’ returns within the crypto market. Key points: Obex, an incubator supported by Framework Ventures, is directing $1 billion to link the USDS stablecoin from Sky with revenue from the real sector. This involves assets such as data centers for AI, real estate, and energy.
Mastercard could become a bridge between crypto and traditional currencies after the deal with BVNK
Key points: Stablecoins can accelerate Mastercard's growth in cross-border payments between companies, remittances, and the economy of content creators. Mizuho maintains a positive rating for MA shares and a target price of $666. After acquiring the startup BVNK, which works with stablecoins, Mizuho analysts believe that Mastercard could take on the role of a bridge between the crypto market and traditional finance.
The price of TAO may fall by 40% in the next five weeks
The price of TAO has increased by 160% in just over a month. But now the momentum is starting to weaken. A familiar golden cross pattern is forming on the chart. It has previously preceded sharp corrections.
Daily chart of TAO/USD. Source: TradingView Key takeaways: TAO is forming a golden cross, which in the past has typically led to a decline of about 40%.
On-chain futures for real assets are growing while altcoins continue to fall
On-chain futures for raw assets are currently gaining momentum. Traders are gradually moving away from altcoins, which have been looking weak lately. This is especially evident in oil and precious metals. Trading volumes for such futures have noticeably increased. Money is gradually flowing from altcoins into more understandable assets.
Solana attracts Mastercard and Western Union to the new platform for developers
Solana wants to attract companies and financial organizations to its ecosystem. To this end, it is launching a unified platform for developers with a focus on tokenization and stablecoins. The Solana Foundation reported that it has already attracted its first major participants. Among them are Mastercard, Worldpay, and Western Union. These companies have become some of the first users of the new platform.
Ripple connects to the Singapore sandbox to test RLUSD in trade financing
Ripple has joined the BLOOM initiative of the Monetary Authority of Singapore together with Unloq. They will test settlements in international trade using XRPL and the stablecoin RLUSD. The company reported that the pilot project focuses on programmable settlements between countries.
Ethereum could go above $2.4K if three conditions are met
Ether cannot consolidate above $2.4K due to outflows from spot ETFs, declining volumes on DEX, and falling futures premiums. However, if the situation changes, it could trigger a rise to this level. Key points: Ether is struggling to hold the $2.4K mark. Weak volumes on DEX and declining interest in decentralized applications are putting pressure.
Bitcoin holds at $70,000, but geopolitics and rising oil hinder breaking the level
Bitcoin has approached the $70,000 level again as the main line of the current market. On one hand, institutional money is returning to the sector, inflows into ETFs are increasing, and new channels for working with BTC in traditional finance are emerging. On the other hand, the war in the Middle East, high oil prices, and stricter inflation expectations are preventing the market from moving towards confident growth.
David Sachs changed position at the White House after 130 days of work
David Sachs completed his work as a special government employee at the White House after 130 days as the curator for the cryptocurrency market and artificial intelligence. The limitation is related to the rules for such employees, who may work no more than 130 days a year. Now Sachs is transitioning to a new format and will become co-chair of the President's Council on Science and Technology. This does not seem like a departure from the agenda. The form of participation is changing, but not the level of influence.
The crypto industry in the US has reached an important moment. The CLARITY Act is getting closer to a vote in the Senate. The next six weeks could determine whether a full legal framework for crypto will finally emerge or if the issue will be postponed again until 2027. Recently, there were four-hour hearings in Congress on tokenization. Key industry representatives participated in the discussion. They examined what the CLARITY Act actually means and why the deadline in May is so important.
4 factors that could drive Chainlink's growth in April
After six months of decline, the LINK chart finally showed a green monthly candle, but the token is still trading below $10. It seems that investors view the sideways movement below this level as an opportunity to accumulate. On-chain data for LINK also signals potential growth in the coming month.
ARK Invest will use Kalshi predictions for investment decisions
The ARK Invest fund of Cathie Wood will start using data from the event betting platform Kalshi for making investment decisions — the company officially announced this partnership, which reflects the growing interest of institutional players in a new class of financial data.
Trust Wallet launches AI agents for cryptocurrency trading on 25+ blockchains
Trust Wallet, one of the largest providers of non-custodial wallets with an audience of 220 million users, will allow AI agents to independently make swaps and trading operations across more than 25 blockchain networks. "The agent economy will arrive sooner than anyone expected," says the new CEO of Trust Wallet, Felix Fan, who previously served as the product director at the OKX exchange. "Developers can now create agents that work with real wallets under the rules set by users."
BitGo and ZKsync are preparing the tokenization of bank deposits without stablecoins
BitGo and ZKsync are launching a joint project for the tokenization of bank deposits. The companies are developing infrastructure that will allow fiat funds to be transferred to the blockchain without the use of stablecoins. This is about attempting to offer banks an alternative model. Instead of issuing separate tokens pegged to the dollar or euro, it is proposed to digitize the deposits themselves.
Coinbase faces a boycott threat due to the dispute over the stablecoin law
Coinbase has once again found itself at the center of the conflict surrounding stablecoin regulation in the US. The exchange made it clear to Senate staff that it is not ready to support the latest version of the compromise on yield in the Digital Asset Market Clarity Act bill. This is already the second instance where the company is effectively stalling the advancement of the document on the same topic. Against this backdrop, an open debate has begun within the industry, and some market participants have started talking about boycotting the exchange.
Franklin Templeton launches blockchain funds for stocks, bonds, and gold
Franklin Templeton is expanding its work with tokenization. The management company has agreed with Ondo Finance to issue tokenized versions of five exchange-traded funds related to stocks, bonds, and gold. The speech is about products for an audience that prefers to work with investments through a digital wallet rather than through a traditional broker. For the market, this is another sign that large management companies are transitioning from individual tests to a broader introduction of familiar funds into the on-chain environment.
Staking in TAO Subnet grew by 833,000% amid the growth of the Bittensor ecosystem
The Bittensor subnet ecosystem has grown sharply over the past year. The influx of funds and network activity have accelerated to record levels. According to CryptoRank, the total volume of TAO in staking within subnets has increased from approximately $74.4 thousand to over $620 million in the last 12 months. This is a growth of about 833,000%.
Circle fell by 20% due to the ban on yield, but a new deal may work in its favor
Circle Internet Group (CRCL) fell by 20% on March 24 after a ban on passive income from stablecoins appeared in the Clarity Act bill. This wiped out about $4.6 billion in market capitalization. The sell-off began against the backdrop of several factors that hit Circle simultaneously. The ban on yield scared investors, competitor Tether (USDT) announced an audit check by the Big Four, and 16 USDC business wallets were also frozen.
Wintermute allowed Bitcoin to rise to $76 thousand with oil around $100
Attention to oil has intensified again in the Bitcoin market. In Wintermute, they believe that if oil stabilizes around $100 per barrel, it could help BTC return to the range of $74–76 thousand. The assessment appeared against the backdrop of instability in the raw materials market and the conflict around the Hormuz Strait. For Bitcoin, this becomes an external factor that may influence the price more than usual in the near future.
Tokenization reaches a new level after the steps taken by NYSE and Invesco
Tokenization is increasingly moving from the experimental stage to practical application. In one day, several major players from Wall Street took steps that show: the market is no longer discussing tokenization as a distant idea, but is starting to integrate it into the existing financial infrastructure.