Home Blog Page 616

Mixin Expands Gas Fee Subsidy Program – Crypto News Bitcoin News

info@uweb3.io
-
0
Mixin Expands Gas Fee Subsidy Program – Crypto News Bitcoin News

Eliminating the Cost of Onchain Transactions

Mixin, a privacy-first platform for digital asset transactions, has announced a major expansion of its gas fee subsidy program, further reducing costs for users moving assets across multiple blockchains.

Launched in 2025, the program allows users to import external Web3 wallets into the Mixin ecosystem and conduct onchain transactions. While users initially pay gas fees, those costs are fully reimbursed at the start of the following month, effectively eliminating one of the biggest hurdles in everyday crypto usage.

In a media release, Mixin said gas fees have long been a pain point for blockchain adoption, often making small or frequent transfers impractical. This claim is supported by multiple studies, including research published in Frontiers in Blockchain (2024), which found that volatile and high Ethereum gas fees directly reduce user willingness to transact.

Another study from the same year concluded that fee spikes discourage everyday usage and make blockchain less competitive than traditional payment systems. Similarly, a 2023 MDPI study showed that stabilizing fees through Ethereum’s EIP-1559 upgrade improved transaction throughput, underscoring how fee volatility undermines adoption.

Scaling Accessibility Across Major Networks

Mixin’s subsidy model seeks to address this challenge by ensuring transactions remain accessible and cost-efficient, even during periods of network congestion.

“Our goal has always been to make cryptocurrency as simple and private as sending a text message,” said Cedric Fung, co-founder of Mixin. “By subsidizing those costs across supported networks, we’re removing friction from how people move value online.”

The subsidy currently covers major assets and networks, including bitcoin, ethereum and solana, with no restrictions on transaction volume or frequency. Users can move funds between imported Web3 wallets and Mixin’s privacy wallets, which already offer instant, fee-free transfers via Mixin’s decentralized network.

Beyond financial transactions, Mixin integrates encrypted messaging using the Signal Protocol, enabling users to coordinate payments privately within a chat-based interface.

Fung said:

“The future of finance is social, private, and multi-chain. Mixin is building a messaging layer where people can communicate, coordinate, and move value without friction.”

FAQ ❓

  • What is Mixin’s gas fee subsidy? It’s a program that reimburses blockchain gas fees, making transfers effectively free.
  • When did the subsidy launch? Mixin introduced the program in 2025 to remove cost barriers in crypto adoption.
  • Which blockchains are covered? The subsidy applies to major networks like Bitcoin ( BTC), Ethereum ( ETH), and Solana ( SOL).
  • Why does this matter for adoption? Studies show high and volatile fees discourage everyday crypto use, so Mixin’s model boosts accessibility.

Macro risks mount as Ukraine adds to oil market uncertainty

info@uweb3.io
-
0
Macro risks mount as Ukraine adds to oil market uncertainty

Ukraine has complicated President Donald Trump’s efforts to stabilize oil markets amid the Iran war, amplifying risks for financial markets, including cryptocurrencies.

For nearly a month, markets have been gripped by a single concern: the Iran war. Disruptions in the Strait of Hormuz – a critical oil chokepoint – have driven prices sharply higher, stoking fears of sticky inflation, a risk-off shift, and renewed Fed rate hikes.

To cool things down, the Trump administration quickly lifted sanctions on Russian crude for the short term, opening the tap to compensate for oil supply disruptions caused by the Iran war.

It came across as a solid plan to stabilize energy markets until Ukraine blew it up.
This week, Ukraine launched drone strikes on ports and refiners in Russia’s Leningrad, leading to what one observer described as “the most serious threat” to the country’s oil exports since Putin’s full-scale invasion of Ukraine in 2022.

The damage is significant, with roughly 40% of Russia’s oil export capacity offline. Oilprice.com editor Michael Kern described it as “a logistics problem first – and a supply problem second,” underscoring that moving oil to buyers is now as difficult as producing it.

“In conjunction with the war in the Middle East and de facto closure of the Strait of Hormuz and subsequent oil/LNG production outages, the Russian disruption adds a fresh element to already sky-high oil prices,” Kern noted.

In other words, oil prices may remain elevated longer than initially expected. For risk assets, including bitcoin and other cryptocurrencies, that’s an issue because higher sticky energy prices could lead to sticky inflation, potentially putting pressure on global central banks to raise borrowing costs and drain liquidity.

Traders are already prepping for a potential Fed rate hike in the short term. According to Bloomberg, flows in the options market tied to overnight interest rates indicate traders are wagering on a rate increase within two weeks.

Taken together, these factors suggest bitcoin’s recent resilience may face tests, with the $65,000–$75,000 range vulnerable to a downside break.

At press time, bitcoin traded near $68,500, down nearly 2% over the past 24 hours, according to CoinDesk data. WTI oil, which slipped nearly 10% to $83.95 per barrel on Monday, has since bounced back to $93.50. Brent crude is once again trading above the $100 mark.

A Generational Investment Window: Taranis Capital Highlights the GCC as the new Epicentre for Tech and Biotech

info@uweb3.io
-
0
A Generational Investment Window: Taranis Capital Highlights the GCC as the new Epicentre for Tech and Biotech

Taranis Capital, a DFSA-regulated investment firm based in Dubai, has published a strategic outlook highlighting what it describes as one of the most compelling and time-sensitive investment environments in modern history. According to the firm, the convergence of capital, policy, infrastructure, and geopolitical positioning has created a rare, asymmetric opportunity to deploy capital into data centres, biotechnology, and disruptive technology across the GCC.

At a time when global markets are actively characterised by high volatility, capital fragmentation, and regulatory uncertainty, the GCC is rapidly emerging as a stable, policy-driven ecosystem. This unique environment offers institutional investors both vital downside protection and exponential upside potential.

A structural shift in global capital

The firm notes that the GCC is no longer a passive recipient of capital; rather, it has transformed into an active architect of global investment corridors. This structural shift is deeply underpinned by robust sovereign balance sheets, long-term national visions, and an unprecedented commitment to economic diversification. With massive initiatives such as Saudi Vision 2030 and the UAE’s forward-looking economic strategies leading the charge, trillions of dollars are currently being strategically deployed into infrastructure, technology, and knowledge-based industries.

Powering the digital economy

A core pillar of this investment window is the rapid development of digital infrastructure. The exponential global growth of artificial intelligence and cloud computing has placed data centres at the absolute core of national security and economic resilience. Taranis Capital asserts that the GCC is uniquely positioned to capitalise on this surging demand due to its strategic geographic positioning, advanced connectivity infrastructure, government-backed initiatives, and ready access to competitive energy sources. Because current demand is severely outpacing supply, the sector presents a high-barrier, yield-generating infrastructure opportunity backed by long-term contracted revenues.

Simultaneously, the region is becoming a powerful launchpad for next-generation disruptive technologies spanning fintech, AI, and cybersecurity. Supported by progressive regulatory frameworks, digital transformation at scale, and sovereign capital, the GCC is effectively leapfrogging traditional legacy markets. This creates access to high-growth, venture-scale returns within a highly stable macroeconomic environment.

Furthermore, the region is actively transitioning from a mere consumer of healthcare products into a biotechnology innovation and manufacturing hub. Driven by national mandates focused on knowledge transfer, localisation, and economic sovereignty, regional governments are heavily incentivising local manufacturing and international R&D partnerships.

The timing differentiator
Nicholas S. Bingham, founding partner and CEO of Taranis Capital

Nicholas S. Bingham, founding partner and CEO of Taranis Capital, emphasized the urgency of this strategic window.

“We are witnessing a once-in-a-generation realignment of global capital,” Bingham stated. “The GCC is no longer emerging—it has emerged. Data centres, biotechnology, and disruptive technology are not isolated sectors; they are the foundational pillars of future economies.”

Bingham concluded that for investors, this is not simply a passive opportunity, but a strict strategic imperative, adding that those who act now will help fundamentally define the next decade of global growth. The firm advises that early participants will secure a distinct advantage at an institutional scale by accessing strategic assets well before the market reaches full saturation.

Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion

info@uweb3.io
-
0
Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion

The unnamed “Big Four” firm that Tether selected to audit its $185 billion dollar-pegged USDT stablecoin is KPMG, the Financial Times reported Thursday, citing people familiar with the matter.

Tether has also engaged PwC to prepare its internal systems ahead of the audit, marking the most concrete step yet toward full financial scrutiny for the world’s largest stablecoin issuer. CoinDesk has contacted Tether for comment on the matter.

CoinDesk reported earlier this week that Tether had said it had entered a formal engagement with a Big Four auditor, but the stablecoin issuer did not identify the firm. CFO Simon McWilliams said at the time that Tether was “already operating at Big Four audit standard” and that “the audit will be delivered.”

All this comes as the El Salvador-based company prepares for a U.S. expansion and a potential fundraising round. The Financial Times previously reported that Tether faced investor hesitation in efforts to raise $15 billion to $20 billion at a $500 billion valuation, with concerns centered on pricing and regulatory risk.

The audit push lands at a pivotal moment. USDT, with roughly $185 billion in circulation, functions as the reserve currency of crypto markets and a major buyer of U.S. Treasury bills, linking digital assets to traditional financial systems at scale.

A full financial statement audit would go well beyond the monthly attestations currently published by BDO Italia, requiring a detailed review of assets, liabilities, internal controls and reporting systems.

That level of disclosure has long been a sticking point for critics, as Tether has faced persistent questions about its reserves since its launch in 2014 and historically fought transparency.

In 2021, CoinDesk filed a FOIL request with the New York Attorney General’s office seeking documents on USDT’s reserve composition. Tether fought the release in court and lost twice.

The documents, received after a two-year legal battle in 2023, revealed that Tether held the vast majority of its $40.6 billion in reserves at Bahamas-based Deltec Bank as of March 2021, with heavy exposure to commercial paper issued by Chinese and international banks, including Agricultural Bank of China, Bank of China Hong Kong, and ICBC.

Tether’s move toward greater transparency aligns with a shifting regulatory backdrop in the United States as crypto as a whole becomes a mainstream asset class used by Wall Street.

The GENIUS Act, signed into law last July, established the first federal framework for stablecoins in the U.S., under which Tether has already launched a compliant dollar-pegged token, USAT.

What Rising US Bond Yields Mean for Bitcoin

info@uweb3.io
-
0
What Rising US Bond Yields Mean for Bitcoin

In brief

  • U.S. 10-year Treasury yields have surged to around 4.42%, forcing markets to reassess the outlook for interest rates and financial conditions.
  • Bitcoin has held a tight range near $68,000, declining less sharply than equities during the recent macro-driven selloff.
  • Options markets show investors are still buying downside protection, signaling caution but not panic, according to QCP Capital.

Bitcoin is trading near $68,000, holding a relatively narrow range even as a sharp rise in U.S. Treasury yields signaled growing pressure across global markets.

The yield on the benchmark 10-year U.S. Treasury note climbed to around 4.42% on Thursday, up roughly 46 basis points since late February, data shows.

“The current pace of the surge in the US 10Y Note Yield, and US Treasury Yields more broadly, is in line with what we saw in April 2025, during Liberation Day,” The Kobeissi Letter analysts wrote Thursday on X.

“However, this time the backdrop is far more complex, and containing the bond market is not as simple as it may appear,” they added. “This will soon be the market’s biggest story.”

Such moves in the bond market are often meaningful because yields affect borrowing costs throughout the economy, from mortgages to corporate loans, while frequently setting the tone for risk assets, including stocks and crypto.

The month-long rise in yields has been driven in part by oil prices and geopolitical tensions in the Middle East as the U.S and Israel’s war with Iran approaches its fifth week since its Supreme Leader was assassinated. 

Higher energy prices typically feed into inflation, and when inflation expectations rise, bond investors demand higher yields to compensate for the erosion of purchasing power. That repricing has forced investors to reconsider the outlook for interest rates.

Interest-rate futures markets now show expectations that the Federal Reserve will keep rates higher for longer, a shift from late 2025, when markets were pricing in multiple rate cuts through 2026. 

Higher interest rates typically weigh on risk assets by increasing financing costs, making safer assets, such as government bonds, more attractive relative to stocks and crypto.

Despite that backdrop, Bitcoin has declined less sharply than equities in recent weeks and has largely traded between about $68,000 and $71,000. The asset is down 3.3% on the day to $68,400, but remains up 3.9% since the Iran conflict began.

Analysts have said the crypto is currently being pulled in opposite directions by macroeconomic forces.

In a market note on Thursday, digital-asset trading firm QCP Capital said Bitcoin’s price action remains “range-bound and headline-driven,” with options markets showing continued demand for downside hedging but not extreme levels of stress. 

In other words, investors are paying for protection against further declines, but markets are not yet pricing in a severe selloff.

There are also signs that some investors are accumulating Bitcoin during dips. 

Recent net outflows from exchanges suggest coins are being moved into storage rather than positioned for immediate sale, QCP wrote. All while Bitcoin’s share of the total crypto market has been rising, in a sign investors are favoring the world’s largest crypto during uncertain periods.

For now, traders are keeping an eye on the bond market as the key signal to watch. 

If the 10-year Treasury yield continues rising toward the 4.5% range, financial conditions would likely tighten further, increasing pressure on equities and blue-chip cryptocurrencies.

That would leave Bitcoin trading less on crypto-specific developments and more on macroeconomic forces, according to the experts.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

BTC, ETH, SOL, ADA slide as Trump extends Iran deadline but war risks persist

info@uweb3.io
-
0
BTC, ETH, SOL, ADA slide as Trump extends Iran deadline but war risks persist

Bitcoin fell to $68,507 on Friday morning, down 3.2% over the past 24 hours and 2.7% on the week, after a familiar pattern played out for the fifth consecutive week: a de-escalation headline followed immediately by an escalation headline.

U.S. president Donald Trump extended his deadline for Iran to reach a ceasefire deal by 10 days and said talks were going “very well.” Brent crude dipped 1.3% to $106. Then the Wall Street Journal reported the Pentagon is looking at sending up to 10,000 additional ground troops to the Middle East, and whatever relief had built evaporated.

The broader crypto market shed nearly 1% to a total cap of $2.4 trillion. Ether dropped 4.6% to $2,050, back below the level it’s been fighting to hold all month. Solana fell 5.3% to $85.93. XRP lost 2.8% to $1.36, now down 6.5% on the week. BNB slid 2.3% to $626. Dogecoin dropped 2.8% to $0.091. Tron was the only major in the green at 1.2% daily and 2.4% weekly.

Asian equities fell 0.6% on Friday after Wall Street hit its lowest level since September on Thursday. South Korean tech stocks led losses, with Samsung and SK Hynix dragging the KOSPI down 2.3%. Taiwan dropped 1.2%. The war’s fifth week is producing the same pattern as the first four, where headline-driven whipsaws that leave everyone stopped out and the underlying trend unresolved.

FxPro chief market analyst Alex Kuptsikevich noted that the crypto market cap is approaching its 50-day moving average but still holding above it, which he called “a bullish sign.”

The market “must make an early decision,” he said, “either break through the uptrend line from early February or confirm the 50-day MA as support and break the downtrend.”

The institutional data beneath the price action tells a different story from the daily selloff.

Bitcoin ETFs have attracted $2.5 billion over the past month, according to Bloomberg, offsetting nearly all the outflows that had been ongoing since January. BlackRock’s bitcoin ETF has ranked among the top 2% of all ETFs by inflows year-to-date. Net bitcoin outflows from exchanges last month signaled a shift toward accumulation, with investors buying coins and withdrawing them to self-custody.

BlackRock itself offered a notable framing this week, saying that large investors are concentrating in bitcoin and ether while shunning the broader altcoin market.

The 10-day extension on the Iran deadline pushes the next binary event to early April.

XRP slides toward $1.35 as liquidation wave signals weak support

info@uweb3.io
-
0
XRP slides toward $1.35 as liquidation wave signals weak support

Sharp late-session selling and rising leverage suggest a bigger move is coming, with downside risk building.

Bernardo Mingrone Appointed as New Group CEO

info@uweb3.io
-
0
Bernardo Mingrone Appointed as New Group CEO

WHY THIS MATTERS: The leadership transition at Nexi marks a crucial strategic inflection point for Europe’s largest payments processor. Outgoing CEO Paolo Bertoluzzo successfully executed a decade of M&A and consolidation, establishing a true European payments powerhouse. The appointment of Bernardo Mingrone signals a shift from integration to intensive execution. His core mandate is to leverage Nexi’s unique scale and cash generation capabilities to fend off global competitors—namely US acquirers—while navigating the region’s accelerated push for instant payments infrastructure. For merchants and financial institutions across the continent, this change determines who sets the pace for innovation in digital payments and whether European firms can sustain their advantage against global rivals in a fiercely competitive processing landscape. This is a bellwether for the long-term viability of scaled, continental payment leaders.

The Board of Directors of Nexi S.p.A., which met under the chairmanship of Marcello Sala, has named Bernardo Mingrone as Chief Executive Officer and General Manager of the Group. Bernardo Mingrone, Deputy General Manager and CEO of Nexi Payments, succeeds Paolo Bertoluzzo, who led over the past 10 years the Group’s transformation journey.

Chairman Marcello Sala commented: “Bernardo Mingrone is the most suitable person to lead Nexi in its next phase of development. He has a deep knowledge of the Group and brings a proven track record of execution in complex and evolving environments. We are confident that he will further build on the Group’s solid foundations and strengthen its positioning as a European leader in digital payments. On behalf of the entire Board of Directors, I would also like to thank Paolo Bertoluzzo for his contribution to Nexi’s growth and transformation journey, which has led the Group to become today a strategic infrastructure for Europe.” 

Bernardo Mingrone, newly appointed Group CEO of Nexi, said: “I would like to thank the Board of Directors and our shareholders for the trust they have placed in me. Nexi plays an essential role in the payments ecosystem and is built on solid foundations: a unique European scale, strong cash generation capabilities and significant growth potential, in a rapidly evolving market. I am honoured to lead the Group in this new phase of its journey and determined to fully capture its opportunities, alongside our clients and partners across Europe. I am confident that, thanks to the quality and commitment of our people, we will continue to strengthen our positioning and create value over time.”

Paolo Bertoluzzo commented: “I am proud of what we have achieved over the past 10 years, transforming Nexi from a small local player into a European leader in digital payments, with strong Italian roots and a unique positioning and capabilities. Our continued investments in technology, innovation and people have enabled Nexi to steadily grow revenues and margins, with an EBITDA increased beyond Euro 1.9 billion, accelerate cash generation beyond Euro 800 million and begin returning capital to shareholders. I am pleased that the leadership baton is being passed to Bernardo, who will best interpret this new phase of the company. I would like to thank the Board of Directors for its constant support. Above all, I would like to thank Nexi’s people: it is only thanks to their extraordinary expertise, passion and energy that this successful journey has been, and will continue to be, possible.” 

Following the resignation of Paolo Bertoluzzo, effective today, as Director and General Manager by reason of reaching an agreement with the Company to this end, the Board of Directors, subject to the favourable opinion of the Board of Statutory Auditors, has coopted Bernardo Mingrone as a Director of Nexi.  

The agreement with Paolo Bertoluzzo, approved by the Board of Directors in relation to the termination of his executive employment relationship and offices, in full compliance with the current remuneration policy (including with respect to the malus and claw-back mechanisms applicable to the variable remuneration), provides for the payment, by the end of April 2026, of a lump-sum amount equal to 24 months of gross remuneration and the 2026 MBO bonus calculated on a pro rata temporis basis. 

The agreement also provides for the pro rata maintenance of participation in the LTI plans, in accordance with the relevant plan rules. Following changes in Nexi’s ownership structure, the Directors Luca Bassi (nonindependent), Elena Dimanina (non-independent, member of the Remuneration and Nomination Committee) and Enrico Trovati (non-independent) have also resigned.

As a result, today the Board of Directors – upon proposal of Evergood H&F Lux S.à r.l. pursuant to the existing shareholders’ agreement and subject to the favourable opinion of the Board of Statutory Auditors – has co-opted Alessandro Daffina, Saba Nazar and Luca Velussi as Directors of Nexi. 

Alessandro Daffina and Saba Nazar have declared that they meet the independence requirements set out in Article 148, paragraph 3 of the Consolidated Law on Finance (TUF), as referred to in Article 147-ter, paragraph 4 of the TUF, as well as the independence requirements under the Corporate Governance Code. 

The Company will proceed with the assessment of the independence requirements of the directors who declared to meet the same. Luca Velussi has therefore been appointed as a member of the Company’s Remuneration and Nomination Committee. The confirmation of the Directors co-opted today will be submitted to the Shareholders’

Meeting convened for 29 April 2026. 

The curricula vitae of the newly appointed Directors are available on Nexi’s website at https://www.nexigroup.com/en/group/governance/corporate-bodies/. 

FF NEWS TAKE: A leadership change at a payments processor with Nexi’s geographic footprint fundamentally moves the needle for Europe. Mingrone inherits a complex, scaled platform built through relentless M&A. The critical question is whether he prioritises organic growth and deeper technological integration or pursues further consolidation across the continent. We will be closely watching for any strategic shifts regarding Nexi’s long-term capital allocation and its definitive stance on the competitive friction emerging from the European Payments Initiative (EPI).

 

MARA Dumps $1.1 Billion In Bitcoin To Cut Debt By 30%

info@uweb3.io
-
0
MARA Dumps $1.1 Billion In Bitcoin To Cut Debt By 30%

MARA, a Nasdaq-listed Bitcoin miner expanding into digital energy and

AI infrastructure, announced a major balance sheet restructuring on Thursday. 

The company said they sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes due 2030 and 2031.

The company will repurchase $367.5 million of its 2030 notes for $322.9 million and $633.4 million of its 2031 notes for $589.9 million. 

The purchases represent an approximate 9% discount to par value and are expected to generate roughly $88.1 million in cash savings. The transactions are scheduled to close on March 30 and March 31, pending customary conditions.

Following the repurchases, MARA’s outstanding convertible debt will decline by about 30%, reducing total convertible notes from roughly $3.3 billion to $2.3 billion. 

The move also limits potential future shareholder dilution tied to the notes’ conversion feature. After the repurchases, $632.5 million of 2030 notes and $291.6 million of 2031 notes will remain outstanding.

The company has made it clear they are pivoting toward artificial intelligence and high-performance computing.

Shares of MARA were up 6% in premarket trading following the announcement.

MARA CEO: Selling bitcoin strengthens our balance sheet 

CEO Fred Thiel described the transactions as part of a broader capital allocation strategy.

“Our decision to sell a portion of our Bitcoin holdings reflects a strategic move designed to strengthen our balance sheet and position the company for long-term growth,” Thiel said. 

He added that the repurchases preserve shareholder value and provide the company with greater financial flexibility as it expands beyond Bitcoin mining into digital energy and AI/HPC infrastructure.

The company intends to use the remaining proceeds from the Bitcoin sales to support general corporate purposes. MARA’s current Bitcoin holdings now total 38,689 BTC, down from 53,822 BTC at the end of February. 

At current market prices, the holdings are valued at approximately $2.7 billion. The update places MARA behind only Twenty One Capital in terms of corporate Bitcoin holdings.

MARA’s capital structure prior to the transactions included $1.0 billion in 2030 notes and $925 million in 2031 notes. Following the repurchases, the principal amounts will be $632.5 million and $291.6 million, respectively. 

Other convertible notes remain unchanged, including $48.1 million of 1.0% notes due 2026, $300 million of 2.125% notes due 2031, and $1.025 billion of 0.0% notes due 2032.

J. Wood Capital Advisors LLC acted as financial advisor, while Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal counsel.

MARA develops technologies that harness excess energy to power high-performance computing applications and accelerate digital infrastructure deployment. The company has stated it plans to sell Bitcoin “from time to time” as part of its 2026 capital and liquidity strategy.

Editorial Disclaimer: We leverage AI as part of our editorial workflow, including to support research, image generation, and quality assurance processes. All content is directed, reviewed, and approved by our editorial team, who are accountable for accuracy and integrity. AI-generated images use only tools trained on properly license material. In Bitcoin, as in media: Don’t trust. Verify.

Bitcoin And Crypto May Be Nearing A Bottom

info@uweb3.io
-
0
Bitcoin And Crypto May Be Nearing A Bottom

Goldman Sachs believes bitcoin and crypto prices may have hit their floor after months of declines, highlighting select stocks with upside potential.

In a note on Thursday, analyst James Yaro said crypto-related equities are down 46% since October 2025 but are showing “volatile but flattish performance” in recent weeks, making valuations increasingly attractive, thanks to CNBC reporting.

Top picks include Robinhood, Figure Technologies, and Coinbase, all rated “buy.” Figure, which runs a blockchain-based HELOC business, saw its price target raised to $42 from $39, implying 35% upside from current levels. 

Robinhood is expanding offerings to advanced traders and financial services, while Coinbase is focusing on crypto derivatives, subscriptions, and new products like equities trading and banking.

Goldman cautioned that trading volumes could dip further, potentially reducing 2026 revenue by 2% and profits by 4%, but expects volumes to rebound within a median three-month trough period.

Bitcoin has bottomed

Other analysts also appear bullish on BTC. 

Bitcoin appears to be stabilizing after recent volatility, with signs suggesting the market may have reached a potential bottom. Following a sharp selloff that pushed BTC from around $75,000 to $67,000, the cryptocurrency has rebounded, supported by easing selling pressure from ETFs, long-term holders, and constructive geopolitical developments, including U.S.–Iran talks. 

Over the past month, bitcoin has traded sideways between $60,000 and $75,000, a pattern often linked to market bottoms. K33 Research highlights that reduced distribution from ETFs and rising supply held for more than six months reflect structural market stability. 

Head of Research Vetle Lunde noted that with bitcoin below $100,000, fewer investors are inclined to exit positions, anchoring prices.

ETF flows have turned mildly positive since late February, signaling an end to the heavy post-October distribution phase. 

Despite macro uncertainty—including rising oil prices, geopolitical tensions, and a hawkish Federal Reserve—bitcoin’s range-bound price action, low open interest in perpetual swaps, and negative funding rates suggest a constructive environment for medium- and long-term investors. 

Wall Street broker Bernstein echoes this outlook, asserting that bitcoin has likely bottomed and maintaining a $150,000 year-end target. Bernstein cited strong ETF flows, growing corporate treasury demand, and resilience in Strategy (MSTR)—which now holds $53.5 billion worth of bitcoin—as evidence of institutional confidence. 

Analysts view the recent correction as a temporary sentiment reset rather than a breakdown in fundamentals, with continued interest in Strategy’s preferred shares offering additional long-term capital support.

Overall, both research firms see bitcoin transitioning from a distribution phase toward stabilization, setting the stage for potential upside later this year.

1...615616617...1,284Page 616 of 1,284