Onchain data from Glassnode shows about 44% of Bitcoin's circulating supply is in the loss zone, or roughly 8.8 million BTC, as BTC trades near 66,450, about 47% below its October 2025 peak of 126,000. Glassnode estimates unrealized losses at about 598.7 billion and notes daily realized losses for long term holders near 200 million.

Solana-based protocol Drift suffered a $285 million exploit, reigniting debate over risk controls across decentralized finance. Researchers and industry experts said the latest DeFi incident underscores gaps in security design and monitoring, and outlined measures they believe could have reduced the likelihood or impact of the attack.

A transfer of 138,351,826 USDT, valued at $138,325,125, was sent from an unknown wallet to OKX.

New York Fed President John C. Williams said March 30, 2026 that a jump in energy prices tied to developments in the Middle East could push inflation higher while also weighing on economic growth—a combination that threatens both pillars of the Federal Reserve's dual mandate: price stability and maximum employment. Williams described the situation as a supply shock that complicates monetary policy because it can lift prices without supporting activity. In his account, the same force that raises headline inflation can also erode household purchasing power and cool hiring. On inflation, Williams said the rise in energy costs is likely to add to price pressures in coming months. He noted inflation is hovering around 3%, still above the Fed's 2% longer-run goal, and said tariffs are contributing roughly 0.5 to 0.75 percentage point to that rate. An additional energy shock would widen the gap to target, limiting the scope for patience on rate decisions. On employment, Williams said higher energy bills can squeeze consumer budgets, leaving less room for discretionary spending and weakening demand. He pointed to an unemployment rate that has held in a tight 4.3% to 4.5% range since last July. While that suggests a labor market that remains stable, he warned that a prolonged energy shock could push joblessness higher if businesses respond to softer demand by cutting costs. Williams emphasized why this backdrop is uniquely challenging for policymakers: supply shocks tend to raise inflation and slow growth at the same time. As Reuters reported, he framed expensive energy as lifting inflation while putting downward pressure on growth—the type of two-sided stress where higher rates can curb inflation but deepen the growth drag, while lower rates can support activity but risk fueling inflation. Capital Economics chief economist Neil Shearing said central banks have limited ability to influence global energy prices directly, highlighting a constraint for the Fed: the shock originates outside U.S. monetary control, yet its effects land squarely within the Fed's mandate. Williams did not signal an imminent shift in interest rates. He said the current stance of policy is "well positioned" to balance risks to both goals, language that points to a wait-and-assess posture rather than a tilt toward either tightening or cuts. His remarks align with the March 18, 2026 FOMC statement, which said Middle East developments had increased uncertainty around the outlook and that the Committee was attentive to risks on both sides of the mandate. The federal funds target range remains 3.5% to 3.75%. Williams added detail to that framework by explaining how an energy-price shock can hit inflation and employment simultaneously. Markets have been sensitive to shifts in Fed expectations, and the broader risk backdrop has been reflected in volatility across rates-sensitive assets, including crypto. Bitcoin recently traded near $69,957 amid elevated liquidation risk on exchanges, underscoring how policy uncertainty can ripple through speculative positioning. Williams's comments also came against an economy already facing cross-currents: inflation near 3% is still well above target, and the labor market's steady 4.3% to 4.5% unemployment range leaves limited cushion if higher energy costs start to restrain spending and hiring. FAQ What is the Fed's dual mandate? The Federal Reserve's dual mandate, set by Congress, is to pursue price stability—inflation at 2% over the longer run—and maximum employment. Why do energy prices matter for both inflation and growth? Energy costs feed directly into headline inflation and raise input costs across the economy. At the same time, higher gasoline and electricity bills reduce purchasing power, weakening demand and potentially slowing hiring. Did Williams signal an immediate rate change? No. He said policy is "well positioned" to balance risks and did not preview an imminent move. How is this different from the 2022 energy shock? Williams framed the current risk as a Middle East-related supply shock arriving while inflation is already elevated in part by tariffs. The policy setting also differs: the fed funds rate is 3.5% to 3.75%, and the Fed has emphasized balancing risks to both sides of the mandate. Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.

Michael Saylor's Strategy is estimated to have purchased around 617 BTC today via its STRC at-the-market (ATM) equity offering program, based on STRC ATM Tracker data shared by Bitcoin Magazine. With Bitcoin spot at $67,006, estimated ATM proceeds were roughly $41.3 million, assuming a 61% capture rate. The 617 BTC estimate equals about 1.4 times the daily flow of newly mined Bitcoin, currently around 450 BTC per day. STRC closed at $99.97 on $197.2 million in daily volume and carries a current yield of 11.5%. The capture-rate assumption is based on Strategy's most recent confirmed 8-K, covering March 9–15, which reported $1.18 billion in proceeds and about 16,815 BTC acquired. Strategy continues to buy Bitcoin at a pace that exceeds new miner supply. The firm remains the largest corporate holder of Bitcoin and shows no sign of slowing its accumulation program despite broader market volatility.

Blockchain data shows a transfer of 120,778,521 USDT, valued at 120,754,606 USD, from Bitfinex to an unidentified wallet.

Coinbase said it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to form Coinbase National Trust Company, a move that would place parts of its crypto custody and market infrastructure under federal supervision. The company announced the decision on 2 April, describing it as a step away from primarily state-based oversight toward a more consistent national framework for digital-asset services. Custody-focused trust charter, not a bank Coinbase emphasized the charter would not make it a commercial bank. It said the trust company would not accept deposits or originate loans, framing the license as designed for safekeeping and custody-related market infrastructure—consistent with how national trust charters are typically used in traditional financial markets. Coinbase said the structure could support growth in institutional custody, payments infrastructure and other services connected to digital assets. Shift from state regimes to federal oversight Until now, Coinbase has largely operated under state-level rules, including supervision by the New York Department of Financial Services. The OCC's conditional approval adds a federal layer, which Coinbase said should improve regulatory consistency for its custody operations. The development aligns with a broader trend in U.S. crypto regulation, as firms increasingly seek to operate under national frameworks rather than navigate a patchwork of state rules. Conditional approval means more requirements to meet The approval is not yet final. Coinbase must satisfy additional OCC conditions before the charter becomes fully effective—requirements that typically cover compliance readiness, risk management controls and governance standards. Part of a wider push to integrate crypto into traditional finance Coinbase's move comes as the industry pushes for clearer federal rules across stablecoins, tokenized assets and derivatives. The company said OCC supervision would strengthen its ability to serve institutional clients looking for regulated custody and infrastructure for digital assets. Final Summary Coinbase's conditional OCC approval points to increasing federal oversight of crypto custody and infrastructure in the U.S., reflecting a broader effort to integrate digital-asset services into established financial regulatory frameworks.

A transfer of 200,000,000 USDT, valued at USD 199,986,362, was sent from the Tether Treasury to Bitfinex.

RT CoinDesk Podcast Network — JPMorgan and Goldman Sachs are turning their attention to prediction markets. On Solana, derivatives platform Drift was hit by an attack involving $250 million and has paused withdrawals. Separately, remarks by Donald Trump threatening Iran set off $47 million in oil-futures liquidations on @HyperliquidX. @jennsanasie breaks down the key developments on CoinDesk Daily.