1 month ago
Bitcoin terms is poised to deed $110,000 earlier retesting the $76,500 range, according to Arthur Hayes, pointing to easing inflationary concerns and much favorable monetary argumentation conditions successful the US that are acceptable to bolster hazard assets, including the world’s archetypal cryptocurrency.
Still, the decentralized concern (DeFi) manufacture took different deed aft an chartless whale exploited Hyperliquid’s algorithms to make implicit $6 cardinal successful nett connected a memecoin abbreviated position.
Bitcoin “more likely” to deed $110,000 earlier $76,500 — Arthur Hayes
Bitcoin whitethorn scope a caller all-time precocious of $110,000 earlier immoderate important retracement, according to immoderate marketplace analysts who mention easing ostentation and expanding planetary liquidity arsenic cardinal factors supporting a terms rally.
Bitcoin (BTC) has risen for 2 consecutive weeks, achieving a bullish play adjacent conscionable supra $86,000 connected March 23, TradingView information shows.
Combined with fading inflation-related concerns, this whitethorn acceptable the signifier for Bitcoin’s rally to a $110,000 all-time high, according to Arthur Hayes, co-founder of BitMEX and main concern serviceman of Maelstrom.
BTC/USD, 1-week chart. Source: Cointelegraph/TradingView
Hayes wrote successful a March 24 X post:
“I stake $BTC hits $110k earlier it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don’t substance origin of “transitory inflation.” JAYPOW told maine so.”
Source: Arthur Hayes
“What I mean is that the terms is much apt to deed $110k than $76.5k next. If we deed $110k, past it’s yachtzee clip and we ain’t looking backmost until $250k,” Hayes added successful a follow-up X post.
Quantitative tightening (QT) is erstwhile the US Federal Reserve shrinks its equilibrium expanse by selling bonds oregon letting them mature without reinvesting proceeds, portion quantitative easing (QE) means that the Fed is buying bonds and pumping wealth into the system to little involvement rates and promote spending during hard fiscal conditions.
Other analysts pointed retired that portion the Fed has slowed QT, it has not yet afloat pivoted to easing.
“QT is not ‘basically over’ connected April 1st. They inactive person $35B/mo coming disconnected from owe backed securities. They conscionable slowed QT from $60B/mo to $40B/mo,” according to Benjamin Cowen, laminitis and CEO of IntoTheCryptoVerse.
Hyperliquid whale inactive holds 10% of JELLY memecoin aft $6.2 cardinal exploit
A crypto whale who allegedly manipulated the terms of the Jelly my Jelly (JELLY) memecoin connected decentralized speech Hyperliquid inactive holds astir $2 cardinal worthy of the token, according to blockchain analysts.
The unidentified whale made astatine slightest $6.26 cardinal successful nett by exploiting the liquidation parameters connected Hyperliquid.
According to a postmortem study by blockchain quality steadfast Arkham, the whale opened 3 ample trading positions wrong 5 minutes: 2 agelong positions worthy $2.15 cardinal and $1.9 cardinal and a $4.1 cardinal abbreviated presumption that effectively offset the longs.
Source: Arkham
When the terms of JELLY roseate by 400%, the $4 cardinal abbreviated presumption wasn’t instantly liquidated owed to its size. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), which is designed to liquidate ample positions.
The entity whitethorn inactive beryllium holding astir $2 cardinal worthy of the token’s supply, according to blockchain researcher ZachXBT.
“Five addresses linked to the entity who manipulated JELLY connected Hyperliquid inactive clasp ~10% of the JELLY proviso connected Solana ($1.9M+). All JELLY was purchased since March 22, 2025,” helium wrote successful a March 26 Telegram post.
Fidelity plans stablecoin motorboat aft SOL ETF “regulatory litmus test”
Fidelity Investments is reportedly successful the last stages of investigating a US dollar-pegged stablecoin, signaling the firm’s latest propulsion into integer assets amid a much favorable crypto regulatory clime nether the Trump administration.
The $5.8 trillion plus manager plans to motorboat the stablecoin done its cryptocurrency division, Fidelity Digital Assets, according to a March 25 study by the Financial Times citing anonymous sources acquainted with the matter.
The stablecoin improvement is reportedly portion of the plus manager’s wider propulsion into crypto-based services. Fidelity is besides launching an Ethereum-based “OnChain” stock people for its US dollar wealth marketplace fund.
Fidelity’s March 21 filing with the US securities regulator stated the OnChain stock people would assistance way transactions of the Fidelity Treasury Digital Fund (FYHXX), an $80 cardinal money consisting astir wholly of US Treasury bills.
While the OnChain stock people filing is pending regulatory approval, it is expected to instrumentality effect connected May 30, Fidelity said.
Fidelity’s filing to registry a tokenized mentation of the Fidelity Treasury Digital Fund. Source: Securities and Exchange Commission
Increasingly much US fiscal institutions are launching cryptocurrency-based offerings aft President Donald Trump’s election signaled a displacement successful policy.
Polymarket faces scrutiny implicit $7 cardinal Ukraine mineral woody bet
Polymarket, the world’s largest decentralized prediction market, is nether occurrence aft a arguable result raised concerns implicit imaginable governance manipulation successful a high-stakes governmental bet.
A betting marketplace connected the level asked whether US President Donald Trump would judge a uncommon world mineral woody with Ukraine earlier April. Despite nary specified lawsuit occurring, the marketplace was settled arsenic “Yes,” triggering a backlash from users and manufacture observers.
This whitethorn constituent to a “governance attack” successful which a whale from the UMA Protocol “used his voting powerfulness to manipulate the oracle, allowing the marketplace to settee mendacious results and successfully profit,” according to crypto menace researcher Vladimir S.
“The tycoon formed 5 cardinal tokens done 3 accounts, accounting for 25% of the full votes. Polymarket is committed to preventing this from happening again,” helium wrote successful a March 26 X post.
Source: Vladimir S.
Polymarket employs UMA Protocol’s blockchain oracles for outer information to settee marketplace outcomes and verify real-world events.
Polymarket information shows the marketplace amassed much than $7 cardinal successful trading measurement earlier settling connected March 25.
Ukraine/US mineral woody betting excavation connected Polymarket. Source: Polymarket
Still, not everyone agrees that it was a coordinated attack. A pseudonymous Polymarket user, Tenadome, said that the result was the effect of negligence.
DWF Labs launches $250 cardinal money for mainstream crypto adoption
Dubai-based crypto marketplace shaper and capitalist DWF Labs launched a $250 cardinal Liquid Fund to accelerate the maturation of mid- and large-cap blockchain projects and thrust real-world adoption of Web3 technologies.
DWF Labs is acceptable to motion 2 concern deals worthy $25 cardinal and $10 cardinal arsenic portion of the fund.
The inaugural aims to turn the crypto scenery by offering strategical investments ranging from $10 cardinal to $50 cardinal for projects that person the imaginable to thrust real-world adoption, according to a March 24 announcement shared with Cointelegraph.
Source: DWF Labs
The money volition absorption connected blockchain projects with important “usability and discoverability,” according to Andrei Grachev, managing spouse of DWF Labs.
“We’re focusing our enactment connected mid-to-large-cap projects, the tokens and platforms that typically service arsenic introduction points for retail users,” Grachev told Cointelegraph, adding:
“However, bully exertion and inferior unsocial isn’t sufficient. Users archetypal request to observe these projects, comprehend their worth and make trust.”“We judge that strategical capital, coupled with hands-on ecosystem development, is the cardinal to unlocking the adjacent question of maturation for the industry,” helium said.
DeFi marketplace overview
According to information from Cointelegraph Markets Pro and TradingView, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the green.
Of the apical 100, the BNB Chain-native Four (FORM) token roseate implicit 40% arsenic the week’s biggest gainer, followed by the Cronos (CRO) token, up implicit 37% connected the play chart, contempt blockchain investigators accusing Crypto.com of manipulating the CRO token supply, aft reissuing 70 cardinal tokens that were “permanently” burned successful 2021.
Total worth locked successful DeFi. Source: DefiLlama
Thanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
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