Coinbase Chief Legal Officer Paul Grewal said the U.S. Clarity Act is "very close" to an agreement on how stablecoin yield should be handled, following a Wednesday interview. He argued there is no evidence that allowing yield on idle stablecoin balances would trigger bank deposit flight and said the yield debate should not be mixed with other issues banks are facing. Coinbase shares closed down 0.9% on Wednesday at $172.99 after falling 50% over the past six months.

OpenAI said it finalized a $122 billion financing on March 31, 2026, setting a post-money valuation of $852 billion and marking a new high for private capital raises. The company outlined plans to deploy the funds into compute infrastructure, model R&D, chip work, and product expansion, while broadening access through bank channels and Ark Invest ETFs.

Bitcoin finished March up 2%, ending five straight months of declines, and opened April near $68,250. Analysts are watching a heavy supply zone at $70,000–$72,000, where about 650,000 BTC were accumulated and may be sold if holders reach break-even. Key downside reference levels cited include the 200-week EMA near $68,300, the 200-week SMA at $59,400, and realized price around $54,000.

Ethereum [ETH] is seeing heavy short pressure after two new wallets deposited 6.8 million USDC into Hyperliquid to open 20x shorts on 17,032 ETH worth $35.65 million. The shorts appear tightly risk-managed, with liquidation levels near $2,466 and $2,319, while broader positioning stays long-leaning as ETH holds above the reclaimed $2,140–$2,160 support zone.

Ripple said on April 1 it added native digital-asset functionality to its Ripple Treasury platform, enabling enterprises to hold, manage, and transact with XRP alongside RLUSD inside existing treasury workflows. The company said CFO and treasury teams can use Digital Asset Accounts without separate wallets, with transactions recorded using native amounts, fiat equivalents, and live exchange rates for audit-ready reporting.

Cardano (ADA) briefly undercut its early-February low last weekend, then rebounded nearly 6% from $0.234 to trade back inside its roughly two-month range. Despite whale accumulation and a long bias among top Binance traders, the technical structure still favors bears unless ADA can reclaim the $0.278 swing level.

Concerns about whether quantum computers could eventually compromise Bitcoin have resurfaced, as discussions focus on signature security and the network’s ability to adapt. The debate points to Satoshi Nakamoto’s only public comment from 2010, outlining how Bitcoin could respond if quantum breakthroughs arrived suddenly or gradually. Analysts also cite today’s hardware limits, contrasting ~6,000-qubit systems with estimates that far more stable qubits would be needed to threaten modern cryptography.

Morgan Stanley filed Amendment No. 4 to its Form S-1 with the SEC on April 1 for the Morgan Stanley Bitcoin Trust, a spot bitcoin ETF proposed to list on NYSE Arca under the ticker MSBT. The filing describes a passive product tied to the Coindesk Bitcoin Benchmark and reiterates a 0.14% annualized delegated sponsor fee, while outlining custody by BNY Mellon and Coinbase Custody and updated mechanics for share creation and redemption.