Precious Metals | Gold Sets Century's Longest Losing Streak, Bitcoin Remains Steady

Gold has fallen for 10 consecutive days, setting the longest losing streak since February 1920, while Bitcoin remains above $70,000. According to analysts from NS3 and Bloomberg, the ratio of Bitcoin to gold is close to 16 ounces. This month, Bitcoin ETFs recorded about $2.5 billion in inflows, while gold ETFs saw billions of dollars in outflows over the past week.

Plume General Counsel Advocates for Regulatory Amendments on Security Tokens

Plume General Counsel Salman Banaei addressed the House Financial Services Committee, emphasizing that security tokens do not constitute a new asset class. According to NS3.AI, Banaei suggested that these tokens should be integrated into the current regulatory framework through necessary amendments. He cautioned that ongoing policy uncertainty could potentially undermine the United States' leadership in the global tokenization sector.

Circle Unfreezes Additional Hot Wallets Amid Ongoing Case

Blockchain sleuth ZachXBT posted on X that Circle has recently unfrozen two more hot wallets associated with 500 Casino & Whale. This development occurred a few hours ago and has had significant downstream effects. Users have been unable to withdraw from a major centralized exchange to the previously frozen business hot wallet due to the Circle freeze, which was implemented in accordance with Know Your Transaction (KYT) protocols.

Despite these actions, there remains a lack of basic details regarding the case. Information about the plaintiff, expert witness, or any explanation from Circle on why the freeze was not contested has not been disclosed. The situation continues to unfold as stakeholders await further clarification from Circle.

Sonic SVM Foundation Acquires ForgeX and Open Sources Core Product

Sonic SVM Foundation has announced the acquisition of ForgeX, a developer of market-making tools on the Solana blockchain. According to Foresight News, the foundation has also open-sourced ForgeX's core product, ForgeX CLI.

ForgeX CLI is designed for Solana developers, project teams, and AI agents, offering a suite of on-chain operational tools. It supports token creation across multiple launchpads, atomic developer purchases, same-block transactions, multi-wallet collaboration, volume management, and cross-DEX on-chain market-making. All commands natively output structured JSON, enabling direct execution by AI agents.

Strategy May Have Paused BTC Accumulation After 13-Week Buying Streak

According to CoinDesk, Strategy (MSTR) appeared to pause its bitcoin purchases last week, ending a streak of roughly 13 consecutive weekly acquisitions that began in late December and totaled 90,831 BTC. Executive Chairman Michael Saylor did not post his customary Sunday "Orange Dot" signal on X, instead referencing the company's perpetual preferred equity offering, STRC.

Strategy currently holds 762,099 bitcoin at an average acquisition price of $75,694. Shares remain approximately 76% below their all-time high, with bitcoin trading below $67,000.

CLARITY Act Yield Ban Poses Headwind for DeFi Tokens, Says 10x Research

According to CoinDesk, the proposed CLARITY Act's ban on stablecoin yield could prove a significant headwind for decentralized finance tokens by re-centralizing returns into banks, money market funds, and regulated products, 10x Research founder Markus Thielen argued. The framework would redefine stablecoins as payment instruments rather than savings vehicles and is likely to extend to front-end interfaces and token models where fee generation or governance resembles equity, Thielen said.

Decentralized exchanges and lending protocols could face tighter constraints on value distribution, potentially reducing volumes, liquidity, and token demand. Circle stands to benefit as the regulation embeds stablecoins more deeply into payment infrastructure.

Dubai Introduces Regulatory Framework for Crypto Derivatives Trading

Dubai's Virtual Assets Regulatory Authority has unveiled a formal regulatory framework for cryptocurrency exchange-traded derivatives. According to Foresight News, the new regulations permit retail customers to engage in trading following a suitability assessment. The framework addresses requirements such as customer suitability, leverage and margin controls, asset segregation, disclosure standards, and regulatory intervention powers. Retail investors are subject to a leverage cap of five times, and exchanges must restrict access to products deemed unsuitable for specific customer groups.

VARA stated that during periods of market stress or trading disorder, regulators have the authority to intervene, including suspending products, mandating position closures, and increasing margin requirements. In emergencies, immediate action may be required without prior notice.

U.S. Federal Prosecutors Investigate Potential Insider Trading in Prediction Markets

Federal prosecutors in Manhattan are investigating whether certain high-yield bets in prediction markets violate insider trading and other laws. According to BlockBeats, CNN reported that multiple sources have indicated that the U.S. Attorney's Office for the Southern District of New York, specifically the head of the Securities and Commodities Fraud Task Force, has recently met with representatives from Polymarket to discuss the application of existing laws to potential misconduct in this rapidly evolving industry.

The U.S. Department of Justice is focusing on these notable high-yield bets, signaling an increase in regulatory scrutiny of the sector. Over the past year, the prediction market industry has expanded rapidly under relatively limited federal oversight.

Stablecoin Velocity Doubles, Challenges $2 Trillion Supply Forecast by 2028

Stablecoin velocity has approximately doubled over the past two years, reaching about six times per month, according to Standard Chartered. This development complicates a key assumption behind the bank's $2 trillion supply forecast by 2028. According to NS3.AI, the increase in velocity is primarily driven by USDC activity across various blockchains. Despite this shift, Standard Chartered has maintained its broader forecast unchanged.

Wormhole Addresses Drift Protocol Attack Concerns

On April 2, Wormhole responded to the Drift Protocol attack incident on the X platform. According to BlockBeats, Wormhole assured users that their assets are not currently at risk, and the cross-chain bridge functionality remains operational. However, due to built-in security mechanisms set for Solana, some cross-chain transfers may experience delays. Wormhole's core contributors are in communication with the Solana ecosystem team and will continue to provide support as needed.

Senate CLARITY Talks Move Closer, But Timing Is Still Unclear

• Coinbase Chief Legal Officer Paul Grewal said the US Digital Asset Market Clarity Act is moving closer to a Senate Banking Committee markup, but no hearing date has been set yet.

• According to Grewal, lawmakers are nearing agreement on the core parts of the bill, while the main unresolved issue remains stablecoin yield — specifically whether issuers or platforms should be allowed to offer rewards.

• That dispute has become one of the biggest delays in Senate negotiations. US banks have argued that yield-bearing stablecoins could pull deposits away from traditional institutions, while Coinbase says there is no evidence supporting those fears.

• The House already passed the CLARITY Act on July 17, 2025, but the Senate process stalled after a planned markup was delayed in January and has not yet been rescheduled.

• The political backdrop is also becoming sharper. President Donald Trump recently accused banks of holding back both the CLARITY Act and the GENIUS Act over disagreements tied to stablecoin yield.

• The broader market implication is regulatory. Industry voices are warning that if CLARITY does not pass, the crypto sector could remain vulnerable to future policy swings and stricter enforcement under a different administration.

Insight: The bill is no longer stuck on basic structure — it is now stuck on incentives. If senators resolve the stablecoin yield issue, CLARITY could become the framework that gives US crypto regulation more permanence instead of leaving the market exposed to political cycles.

CZ Says Freedom of Money Book Launch Is Set for Next Week; Proceeds to Go to Charity

Binance Co-founder and former CEO Changpeng Zhao (CZ) posted an update on his book, Freedom of Money, saying the launch is “set for next week,” pending any final editorial round.

According to CZ, e-book pre-orders are now available in English and Traditional Chinese, and the English physical edition is also expected to launch next week. “Regional language editions will follow in the coming months — taking a bit longer, but we’re on it,” he added.

CZ also said he will not be making money from the release: “All proceeds from the book sales will go to Charity. Not trying to make money from the book.”

DOGE Tests a Fragile Zone

Dogecoin is still trading under short-term resistance after slipping below $0.0920, with price also staying under $0.0910 and the 100-hour SMA. That keeps the market in a weak technical position rather than a recovery setup.

The key issue now is structure. DOGE dropped to around $0.0889 and failed to reclaim important retracement levels from the recent decline, while a bearish trendline continues to cap upside near $0.0910–$0.0920. In other words, sellers are still controlling rebounds.

For bulls, the path is clear but narrow: reclaim $0.0920 first, then break above $0.0932. Only then does the chart reopen room toward $0.0950, $0.0980, and possibly $0.10. Until that happens, upside remains theoretical.

On the downside, the market is leaning on $0.0900 and $0.0880 as nearby support, while $0.0850 stands out as the main defensive level. A confirmed break below that zone could accelerate losses toward $0.0800 and even $0.0750.

Momentum also remains soft. The hourly MACD is strengthening in bearish territory, and the RSI is still below 50, both pointing to weak buying conviction.

Bottom line: DOGE is sitting in a vulnerable range where failed recovery attempts matter more than small bounces. If buyers cannot push the price back above $0.0920, the market may start pricing in a deeper leg lower.

CZ Shares Book Excerpt Recounting Binance's Tense Launch Moment on July 14, 2017

Changpeng Zhao (CZ), founder of Binance, shared an excerpt from his book Freedom of Money on X, recounting the moment Binance went live on July 14, 2017. The passage describes the team counting down to launch with the BNB trading page open, only to see the screen flood immediately with sell orders and no buy orders. As a handful of bids appeared at low prices they were quickly taken, and BNB's price began to decline. "This is not good, right?" CZ writes that he murmured. The room, initially filled with anticipation, fell silent.

The personal memoir titled: Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance, is scheduled for release on April 8, 2026.

Drift Protocol's $280 Million Exploit May Be Civil Negligence, Says Crypto Attorney

Crypto attorney Ariel Givner has suggested that the $280 million exploit of Drift Protocol could be considered civil negligence due to alleged lapses in basic security measures. According to Cointelegraph, Givner pointed out that the team reportedly failed to maintain signing keys on separate air-gapped systems and did not exercise sufficient diligence when engaging developers met at industry conferences.

Drift Protocol's update on Saturday revealed that the attackers had spent six months building trust before deploying malicious links and malware that compromised developer machines. The protocol expressed medium-high confidence that the same group was responsible for the Radiant Capital hack in October 2024.

Polymarket Plans Major Infrastructure Upgrade to Enhance Platform

Polymarket, an on-chain prediction market platform, has announced a significant infrastructure upgrade set to occur within the next 2-3 weeks. According to ChainCatcher, this upgrade will include a comprehensive overhaul of the trading engine and the introduction of a native stablecoin, Polymarket USD.

The upgrade will feature the new CTF Exchange V2 smart contract system, which aims to optimize matching logic and order structure, improve matching efficiency, and reduce gas costs. Additionally, the platform will enhance its central limit order book (CLOB) by adopting a hybrid model of off-chain order matching and on-chain settlement.

On the asset side, Polymarket will introduce Polymarket USD, a native stablecoin pegged 1:1 to USDC, to replace the previous cross-chain version USDC.e on Polygon. This change is intended to improve asset security and consistency. The platform will also support the EIP-1271 standard, allowing multi-signature wallets, such as Safe, to participate directly in trading, thereby expanding use cases for institutional and advanced users.

Polymarket has stated that existing order books will be cleared during the upgrade, with specific maintenance times to be announced a week in advance. This upgrade comes amid increasing competition in the prediction market sector, as the platform seeks to enhance performance and user experience.

SEC: Some Crypto Enforcement Cases Fail to Deliver Investor Protection

The U.S. Securities and Exchange Commission (SEC) has acknowledged that some enforcement actions against cryptocurrency companies have not directly protected investors. According to Cointelegraph, the SEC highlighted misunderstandings in the interpretation of federal securities laws.

Since the fiscal year 2022, the SEC has initiated 95 enforcement actions, resulting in approximately $2.3 billion in fines. However, some cases did not reveal actual investor harm or provide clear protection or benefits. The regulatory body noted a tendency to prioritize quantity over quality in these actions, along with improper resource allocation.

Under the leadership of current Chairman Paul Atkins, the SEC has adjusted its enforcement strategy, shifting from focusing on the number of cases to targeting fraud and market manipulation, which have a more significant impact on investors. Data indicates that enforcement actions against public companies, including those in the crypto sector, decreased by about 30% in the fiscal year 2025 compared to the previous year.

Analyst Warns XRP Price Will Dip Again – Here’s the Full Setup From $1.13 to $0.87

XRP price action has been boring. The token has sat in the $1.30‑$1.35 range for days, doing nothing exciting. But one well‑known analyst says that calm is deceptive.

CasiTrades, a chart expert who regularly breaks down XRP in detail, posted a warning on April 6. She sees bullish candles appearing and people starting to flip bullish again. Her message: don’t get trapped.

Based on her analysis, XRP failed to make a new high and instead printed a clean 5‑wave move right into resistance. On top of that, bearish divergence printed on the chart. That is exhaustion at resistance.

She stressed that without a new high, nothing has changed. The current XRP price action is just noise inside the same larger pattern. Too many traders react to individual candles instead of waiting for structure to confirm.

The Full Roadmap Lower

CasiTrades laid out a step‑by‑step path to the downside.

First, a wave down targeting roughly $1.13. That would be the first leg lower.

Then a small relief bounce. This will likely lure in buyers who think the drop is over.

CZ on TBPN: A Memoir, Regulation Clarity, and Why Crypto Still Needs Privacy

CZ recently shared a broader view on where crypto is heading and why the industry still faces major misconceptions.

He said he wrote his new book to tell his own story and present his perspective more directly, especially after years of what he sees as inaccurate narratives around crypto, Binance, and his personal role in the space.

A major point from the interview was privacy. CZ argued that crypto is often called risky because of illicit activity, but in reality blockchain transactions are highly transparent. In his view, that creates a different problem: too much visibility. Public wallets, on-chain salary payments, and traceable spending can expose sensitive information, which means the industry still needs better privacy solutions.

On regulation, his position was simple: even imperfect clarity is better than none. He noted that clearer rules can help the industry move forward, even if the first versions of regulation are not ideal.

He also spoke about AI and crypto, saying AI agents may become an important driver of adoption because they need digital, global, always-on payment systems that traditional banking cannot easily provide.

At the same time, CZ said sectors like prediction markets, DAOs, NFTs, and tokenized digital assets could see renewed interest, but likely in updated forms rather than repeating the last cycle exactly.