This article summarizes cryptocurrency news as of March 27, 2026, focusing on the latest updates regarding Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price predictions. Today’s major events in the Web3 field include:
- Iran War Drives Ethereum Upward, Tom Lee Suggests Selling Gold to Buy Cryptocurrency
Since the U.S. and Israel launched a war against Iran in late February, Ethereum’s price has performed exceptionally well, outperforming the S&P 500 index and several major global asset indices. Tom Lee, Head of Research at Fundstrat Global Advisors and Chairman of Bitmine Immersion Technologies, pointed out in a recent video that now is the right time to sell gold and invest in cryptocurrency.
Despite the overall cryptocurrency market shrinking by nearly half since last October, with Bitcoin down about 45%, Ethereum falling nearly 60%, and many popular meme coins dropping over 90%, Ethereum has shown resilience since the outbreak of war. Fundstrat data indicates that Ethereum has risen 17% relative to the S&P 500 since the war began, outperforming gold, real estate, the MSCI World Energy Index, and major tech stock indices.
Tom Lee believes that Ethereum, as a wartime store of value, is more resilient than gold. He emphasized that, although there remains uncertainty in the Middle East and misinformation is rampant, investors need to be cautious, Ethereum still has potential in the long run. He predicts that Ether could eventually reach $250,000. Bitmine recently increased its holdings in ETH by $133 million, bringing its total ETH value to over $9 billion.
Several institutions are also optimistic, including global asset management giant BlackRock, which has invested part of its $14 trillion in assets into Ethereum ETFs. Institutional investors see Ethereum as a tokenized core technology that helps lower investment barriers. CEX Senior Researcher Tim Sun stated that progress at the protocol level continues, and the market discount reflects changes in investor sentiment rather than a denial of Ethereum’s core principles.
Currently, Ethereum’s price hovers around $2,000, but with institutions and large investors increasing their positions, along with rising market demand for safe-haven assets related to the war, interest in Ethereum continues to grow, potentially creating a rebound opportunity in the short term.
- Cardano Ecosystem Breakthrough: Midnight Signs £250 Million Tokenization Agreement, Privacy Chain Becomes Key Focus
The Cardano ecosystem is experiencing critical progress, with its partner chain Midnight reaching an agreement with the UK digital bank Monument to tokenize approximately £250 million in customer deposits on-chain. This cooperation is seen as a significant step, marking the first time a UK regulated bank has achieved deposit tokenization on a public blockchain, while ensuring that funds enjoy deposit protection mechanisms and generate interest, symbolizing a substantial move towards the integration of traditional finance and blockchain.
While the market is focused on Midnight, Cardano founder Charles Hoskinson made it clear that related infrastructure typically includes Cardano components, and the ecosystem’s synergy remains solid. Midnight, as a privacy-focused chain, supports transaction protection through zero-knowledge technology while relying on the security of the Cardano network, providing technical support for the integration of DeFi and real assets.
Currently, global financial institutions are accelerating their layout in the tokenized asset space. BlackRock CEO Larry Fink emphasized in a public letter in 2026 that tokenization helps reduce costs and expand investment accessibility. In this trend, the partnership between Midnight and Monument involves not only on-chain deposits but also advancing the development of second-phase products, including tokenized securities, on-chain lending, and collateral financing services, providing new liquidity tools for high-net-worth clients.
However, data shows that Cardano still faces pressure in the DeFi space, with its on-chain locked assets significantly lower than those of Ethereum and Solana, and ecosystem activity needing improvement. Meanwhile, the ADA price has seen a significant pullback from historical highs, leading to differences in market views regarding its long-term competitiveness.
As Midnight continues to advance commercial landing, the Cardano ecosystem may encounter structural repair opportunities. If more real-world assets enter the chain through this system, it could reshape its position in the blockchain infrastructure competition.
- Euro Stablecoin Trading Volume Halved! Why Do Dollar Stablecoins Still Dominate the Crypto Market?
In 2026, the cryptocurrency market’s stablecoin landscape has further tilted towards the dollar. According to Kaiko data, the monthly spot trading volume of euro-denominated stablecoins has dropped from nearly $200 million at the beginning of 2024 to about $100 million, showing a significant contraction in liquidity. In contrast, dollar stablecoins maintain monthly trading volumes in the trillion-dollar range, with a gap of nearly 200 times between the two.
Although the EU introduced the MiCA regulatory framework as early as 2023 to provide a compliance path for stablecoin issuance, the actual adoption in the market has not risen in tandem. Analysts believe that euro stablecoins add foreign exchange conversion costs to actual transactions without providing clear advantages, leading traders to prefer directly using dollar-denominated assets for settlement and liquidity allocation.
Market structure is further reinforcing this trend. With the Trump administration promoting the “Genius Act,” traditional financial giants such as Visa, Mastercard, Amazon, and BlackRock are accelerating their stablecoin-related business deployments, solidifying the dollar’s dominant position in digital payments and on-chain settlements. Meanwhile, Tether ceased issuing euro stablecoin EURT in 2024, whose trading activity had previously lagged far behind USDT, reflecting insufficient demand.
However, growth expectations still exist in the European market. S&P Global projects that by 2030, the scale of euro stablecoins will increase from the current approximately €650 million to €1.1 billion. Several banks, including UniCredit, BNP Paribas, and BBVA, are jointly promoting euro stablecoin projects, attempting to secure a place in institutional-level settlement and on-chain finance.
Currently, the competition among stablecoins is not only a technical or regulatory issue but also depends on liquidity depth and global use cases. Dollar stablecoins, leveraging their first-mover advantage and network effects, continue to hold a core position in the cryptocurrency market.
- Pi Network Launches Second Phase Migration: Referral Rewards Unlocked, Mainnet Process Accelerates
In 2026, Pi Network officially advanced the second phase of its mainnet migration after Pi Day, allowing users who have completed the first migration to transfer new balances, including long-accumulated referral rewards. Currently, over 119,000 users have completed the second phase migration, but the process still employs a batch-opening mechanism, meaning not all users participate simultaneously.
The core of this upgrade lies in the release mechanism of referral rewards. Users can transfer Pi contributed by their referral teams into their mainnet accounts, provided that the related members complete KYC verification. Accounts that have not completed authentication will not be able to transfer corresponding rewards. This rule encourages the community to expedite the identity verification process, directly affecting the scale of assets that users can ultimately withdraw.
At the execution level, due to significant differences in mining records and referral structures among accounts, the system needs to calculate data individually to ensure the accuracy of reward distribution. Therefore, the migration progress is relatively cautious to reduce error risks and maintain fairness.
Meanwhile, Pi Network has made it clear that the initial migration remains a top priority. Users who have not completed the mainnet migration are still at the front of the processing queue, while the second phase migration is being conducted as a supplementary process. This layered strategy avoids resource depletion and helps ensure a smooth overall network transition.
Regarding security mechanisms, users must enable two-factor authentication (2FA) and complete wallet-related settings before transferring assets. Since blockchain transactions are irreversible, the platform has strengthened multi-verification processes to mitigate losses from operational errors.
In terms of ecosystem development, Pi Network is expanding its application scenarios. The test network has launched Pi Launchpad, supporting project token issuance and application development, while tools such as Pi App Studio are continuously updated to promote the transition of tokens from “mining assets” to “actual use.”
As migration gradually completes, Pi Network’s development focus is shifting from user growth to ecosystem landing, with its mainnet progress and application expansion becoming the next stage of focus.
- U.S. Introduces Major Legislation on Prediction Market Regulation: Strict Crackdown on Insider Trading, Officials’ Trading Fully Restricted
In 2026, the U.S. Senate proposed a key piece of legislation on prediction market trading behavior—the “Genius Act,” aimed at curbing government officials from participating in event contract trading using undisclosed information. This bill, initiated by Todd Young, Elissa Slotkin, John Curtis, and Adam Schiff, covers core groups including the President, Vice President, members of Congress, and federal agency employees.
According to the bill’s content, any person holding “significant non-public information” is prohibited from trading prediction market contracts on U.S. or overseas platforms. “Significant non-public information” refers to data or policy information that could influence rational investor decisions but has not yet been made public. This definition provides a clear standard for regulation and directly addresses recent market concerns about information asymmetry in trading.
In terms of penalties, violators will face severe economic sanctions, with fines amounting to twice the illegal gains or $500 (whichever is higher). Additionally, all prediction market trades exceeding $250 must be reported within 30 days, with disclosure including contract details, trading prices, platforms used, and profit and loss situations, thereby enhancing transparency and traceability.
Meanwhile, the House version, the “PREDICT Act,” proposed by Adrian Smith and Nikki Budzinski, further expands regulatory scope, including officials’ spouses and dependents in restrictions, and sets a penalty standard of 10% of the trading amount, while requiring the surrender of all illegal profits.
The introduction of this series of bills reflects the rapidly rising importance of prediction markets in the U.S. regulatory system. As event-driven trading continues to expand in the crypto and financial sectors, regulators are accelerating the construction of a compliant framework to prevent insider trading and systemic arbitrage risks.
Currently, prediction markets are transitioning from niche innovation to mainstream financial tools, and the intensive rollout of regulatory policies may reshape their future development paths and participation thresholds.
- David Sacks Appointed Co-Chair of PCAST: Will U.S. Crypto and AI Policies Change?
David Sacks has officially concluded his 130-day term as the White House’s cryptocurrency and artificial intelligence affairs director and has transitioned to serve as Co-Chair of the President’s Council of Advisors on Science and Technology (PCAST), continuing his involvement in U.S. technology policy formulation. According to relevant regulations, government-appointed employees have a term limit of 130 days within 12 months, and this adjustment is a role transition following the expiration of the term.
Although he is no longer the “crypto czar,” Sacks’ new position still maintains continuity with his previous responsibilities. As Co-Chair of PCAST, he will participate in policy research on artificial intelligence, digital assets, and broader technology issues, and submit proposals to the White House and relevant regulatory agencies after forming recommendations. White House insiders indicate that his influence has not diminished; rather, it has expanded in terms of topic coverage.
During his tenure, Sacks led the President’s Digital Asset Market Working Group, which released a regulatory recommendations report in 2025 that significantly impacted U.S. cryptocurrency industry policy frameworks. He also participated in advancing national-level artificial intelligence strategies, including adjustments to chip export rules and optimization of federal regulatory pathways.
Notably, the PCAST membership includes several core figures from the tech industry, including Jensen Huang, Mark Zuckerberg, Larry Ellison, and Lisa Su, indicating that the council will focus on key areas such as artificial intelligence, computing infrastructure, and national technological competitiveness.
Sacks clearly stated that one of his future work focuses is to promote a unified artificial intelligence regulatory framework to avoid execution chaos caused by policy fragmentation across U.S. states. He supports establishing a more consistent federal framework to enhance regulatory efficiency and promote technological development.
This personnel change occurs against the backdrop of ongoing adjustments in U.S. technology policy. As artificial intelligence and digital assets’ status in national strategy continues to rise, the policy-making structure is gradually evolving. Sacks’ role transition may influence the future coordination and advancement pace of cryptocurrency and AI regulation.
- Elon Musk Plans to Allocate 30% of SpaceX IPO Shares to Retail Investors: Valuation May Reach $1.75 Trillion
According to multiple media reports, Elon Musk is considering allocating up to 30% of shares in SpaceX’s initial public offering (IPO) to retail investors, significantly higher than the typical 5% to 10% allocation in traditional IPOs. This design is seen as leveraging his vast fan base and individual investor group to provide more stable demand support for post-listing trading.
In terms of underwriting structure, SpaceX is adopting a more customized arrangement. Bank of America will primarily target high-net-worth clients in the U.S., while Morgan Stanley will handle orders from individual investors through its retail channels, and institutions like UBS and Citigroup will be responsible for international market distribution. The company has not adopted the traditional bank bidding mechanism but has allocated functions among different institutions to enhance control over the issuance process.
The market generally expects this IPO to potentially reach a scale of $75 billion, with the company’s valuation nearing $1.75 trillion, making it one of the largest IPOs in history. Insiders reveal that SpaceX plans to begin investor roadshow communications in April 2026 and may have already prepared confidential listing application documents.
While advancing the listing, Musk is also restructuring his industrial system. Reports indicate that SpaceX has initiated layoffs and replaced some management after integrating with xAI, aiming to optimize cost structures and enhance profitability to match public market financial expectations.
Notably, this IPO will focus on attracting long-term holders, including family offices and private capital that have been long interested in SpaceX, while also leveraging the brand effect accumulated from Tesla and Starlink to expand retail participation. This model aims to reduce short-term trading volatility risk and enhance shareholder structure stability.
Although the IPO timing and final scale have not been fully determined, the high proportion of retail allocation and refined underwriting division indicate that SpaceX is attempting to break the traditional path of tech company listings. If successful, this strategy could set a precedent for future large tech companies’ IPO models.
- Strategy Shifts to Preferred Stock Financing: STRC is Snapped Up by Retail Investors, MSTR Drops Over 12% This Year
Strategy is accelerating its capital structure transformation, with its Series A floating rate perpetual preferred stock STRC unexpectedly becoming the focus of retail funds. CEO Phong Le stated that approximately 80% of STRC is held by individual investors, while the retail holding proportion of common stock MSTR is only 40%, indicating a significant shift in market preference.
STRC focuses on “low volatility + high yield” Bitcoin exposure, with a current dividend yield of 11.50%, up 25 basis points from February. This yield level is quite attractive in the current market environment, especially suitable for investors looking to participate in Bitcoin-related assets while avoiding sharp price fluctuations. Phong Le defines this product as a bridge connecting traditional income demand and digital asset allocation.
Meanwhile, company executives, including Michael Saylor, continue to strengthen the promotion of preferred stock products. According to disclosures, Strategy plans to raise $21 billion through the issuance of STRC and further fundraise through other channels, targeting a total financing goal of $44 billion, marking its strategic shift from traditional equity financing to preferred stock financing.
In contrast to the popularity of preferred stock, MSTR common stock has faced pressure. Affected by Bitcoin price fluctuations, the stock has dropped about 12.5% this year, with the market remaining cautious about its high volatility attributes. In this context, STRC has become an important tool for diverting funds.
Despite pressure on stock prices, the company continues to accumulate Bitcoin. Data shows that over the past 30 days, Strategy has increased its holdings by about 45,000 Bitcoins, while other listed companies combined have only added about 1,000 Bitcoins. Currently, the company’s total holdings exceed 762,099 Bitcoins, accounting for about 76% of enterprise-level Bitcoin holdings.
This series of actions indicates that Strategy is consolidating its Bitcoin strategy through financial structure innovation, while providing differentiated entry points for investors with varying risk preferences. In the future, the market acceptance of STRC and Bitcoin price trends may jointly determine whether its capital model can continue to expand.
- Bitcoin ETF Sees $171 Million Outflow in One Day, Middle East Situation Becomes Key Variable for Institutions
Due to the ongoing tensions in the Middle East, there has been a noticeable outflow of funds from U.S. spot Bitcoin ETFs. Data shows that Thursday saw a net outflow of $171 million, the largest redemption since March 3, when the outflow amount reached $348 million, indicating a rise in market risk aversion.
In terms of specific fund distribution, several mainstream ETFs have experienced withdrawals. Among them, BlackRock’s IBIT saw outflows of about $41 million, Fidelity’s FBTC $32 million, and ARKB and GBTC saw outflows of $30.5 million and $24 million, respectively, indicating a short-term cautious trend among institutional funds. Meanwhile, Bitcoin’s price has dropped below the $70,000 mark, with a cumulative decline of 4.7% over the past week, currently fluctuating around $67,000.
Despite the short-term pressure, the funding situation is not entirely weakening. According to Sosovalue data, from March 2026 to date, Bitcoin ETFs have still recorded a net inflow of about $1.36 billion, likely ending a multi-month outflow trend. Bloomberg analyst Eric Balchunas pointed out that just one strong trading day could see ETF fund flows turn positive again, emphasizing that current products remain stable amid Bitcoin’s roughly 46% pullback from its peak, showing strong support capacity.
The core variable of market volatility remains geopolitical. Earlier reports indicated that the U.S. is deploying more military forces in the Middle East, raising investor concerns about escalating conflicts. Although Trump announced an extension of the ceasefire period targeting Iranian energy facilities until April 6, the market remains vigilant regarding potential risks over the weekend.
Analyst Kyle Rodda stated that amid uncertainty in negotiations and military actions, investors tend to reduce risk exposure, directly influencing the short-term fund flows of Bitcoin ETFs. Similar scenarios have previously led to sudden escalations, making the market highly sensitive to any developments.
Currently, Bitcoin ETF fund movements are linked to macro risk sentiments, with short-term trends still depending on changes in the Middle East situation and whether institutional funds will flow back in.
- Bitcoin Whales Bought 61,000 BTC in a Month, but Retail Investors’ Concurrent Accumulation May Slow Breakthrough Pace
Against a backdrop of macro uncertainty and ongoing geopolitical conflicts, the Bitcoin market shows signs of divergence: on one hand, large holders continue to accumulate, while on the other, retail investors are entering the market concurrently, potentially delaying price breakthrough momentum. On-chain analysis platform Santiment noted that in the past 30 days, wallets holding between 10 and 10,000 Bitcoins have collectively increased their holdings by 61,568 BTC, enhancing their positions by about 0.45%, indicating a continued willingness to deploy core funds amid turbulent market conditions.
This accumulation behavior occurred during a period of intensified market volatility. The Middle East situation once drove Bitcoin higher, but as conflicts persisted and a clear de-escalation path was lacking, market risk appetite has been suppressed, weakening upward price momentum. However, historically, large holders steadily accumulating during pullback phases are often viewed as a significant signal for medium-term trend improvement.
Meanwhile, CryptoQuant data shows that Bitcoin reserves on centralized platforms have dropped to approximately 2.7 million, a new low since 2019. This indicator typically suggests a decreasing potential sell pressure, with more investors choosing to transfer assets to cold wallets for long-term holding, providing price support from the supply side.
However, the market structure has not completely shifted to bullish. Santiment also observed that the balances of small addresses holding less than 0.01 Bitcoins increased by about 0.42% during the same period, approaching the accumulation speed of whales. This “synchronous buying” pattern from both large holders and retail investors often indicates that market sentiment has not fully cleared. Historical data shows that an ideal rise is usually preceded by large holders accumulating while retail investors reduce their holdings, leading to concentrated positions.
At the current stage, Bitcoin remains in a critical range of contention. If retail investors subsequently take profits or panic sell, while large holders maintain their accumulation pace, the market’s supply-demand structure may further optimize, creating conditions for upward price breakthroughs. Conversely, if both groups continue to accumulate simultaneously, the market may continue its oscillatory consolidation.
- Prediction Market Trading Volume Surpasses $6.4 Billion, Polymarket and Kalshi Compete for Dominance
The prediction market sector continues to heat up, with the latest weekly trading volume reaching $6.41 billion, an increase of over 11% week-on-week, indicating that event-driven trading models are attracting more user participation. Among the major platforms, Kalshi ranks first with over $3 billion in transaction volume, closely followed by Polymarket, which has exceeded $2.5 billion in trading volume, together constituting the core liquidity sources of the market.
In terms of competitive landscape, Kalshi attracts users who prefer regulatory environments through its compliance framework and structured products, while Polymarket, based on blockchain architecture, offers participation methods without traditional financial intermediaries, making it more appealing to crypto-native users. This differentiated positioning has led to the prediction market developing a “dual-track parallel” growth path.
Other platforms contribute relatively limited activity, but overall engagement remains differentiated. Some platforms have achieved volume surges due to hot events, while others are limited by liquidity and user scale, experiencing volatility. This dynamic change reflects the prediction market’s high sensitivity to external events, with trading behavior often revolving around political, economic, and social issues.
From an industry perspective, the growth of prediction markets reflects the expansion of Web3 application scenarios. In addition to trading assets like Bitcoin and Ethereum, users are beginning to price real-world events through on-chain tools, promoting the integration of RWA and financial derivatives models. Meanwhile, U.S. regulatory policies continue to shape market dynamics, with different regional access rules directly affecting platform expansion paths.
Looking ahead, the sustained growth of prediction markets will depend on product innovation, user experience optimization, and enhanced regulatory clarity. If significant macro or political events occur frequently, trading volumes may further expand. As the ecosystem matures, this sector is expected to become an important bridge connecting traditional finance and blockchain systems.
- Backpack Founder Responds to Community Concerns: No OTC Cash-Out, Reviewing Witch Cases
Backpack founder Armani Ferrante posted on social media to address recent community concerns regarding OTC trades, Mad Lads rights, witch reviews, and token prices. Armani stated that the team did not cash out through OTC methods, and previous comments about OTC were merely to assist buyers in locating tokens. Regarding the rights of Mad Lads holders, previous holders before TGE will retain Backpack VIP status, while new holders will not have that right, a design aimed at incentivizing users who have long been attentive to the product. Concerning the witch review issue, Armani admitted that the team’s previous handling was overly mechanical and did not fully consider the community’s complexities, and the team is currently re-examining related cases. Additionally, he emphasized that short-term FDV is not a core metric, as team interests are deeply tied to token performance; if the token price goes to zero, the team would not benefit. The team is continuing to advance the witch case reviews and return to product development.
- Vietnamese Police Uncover Multi-Billion Dollar Cryptocurrency Fraud Case, Arrest Blockchain Merchant Eric Vuong and 6 Others
According to Singapore’s Strait Times, Vietnamese police have uncovered an “exceptionally large” cryptocurrency fraud case involving billions of dollars. On March 26, police arrested blockchain merchant Vuong Le Vinh Nhan (also known as Eric Vuong) and his six accomplices, accusing them of illegally possessing property and money laundering.
Since 2018, the group has created and sold fake cryptocurrencies to investors through a platform called ONUS. The platform boasted millions of Vietnamese users but became inaccessible on March 20. Police accuse Eric Vuong of promoting fake tokens, manipulating supply and demand, and adjusting prices, and have summoned over 140 people for investigation.
- Eric Trump: Trump Family’s Three Cryptocurrency Businesses Generated Over $1 Billion in Revenue
Eric Trump, son of U.S. President Trump, publicly stated that the Trump family’s three cryptocurrency businesses have collectively generated over $1 billion in revenue, covering three main categories: Meme Coin, NFTs, and stablecoins. Among them, the Trump Meme Coin issued in early 2025 contributed approximately $350 million in revenue, primarily from token sales and trading activities, driven mainly by retail participation and speculative trading. In terms of NFT business, the family issued four generations of Trump-themed NFTs between 2022 and 2024. The third business is a crypto platform related to the family called WLFI, which includes governance tokens and a dollar-backed stablecoin USD1, having achieved large-scale financing through token sales and partnerships.
- Tether Hires KPMG for USDT Audit
Stablecoin issuer Tether has selected KPMG as its auditing firm and has engaged PwC to assist in enhancing internal systems. This move is the clearest signal that Tether is moving towards a comprehensive financial statement audit. The audit scope will extend beyond the monthly reserve attestations currently issued by BDO Italia, encompassing a thorough review of assets, liabilities, control measures, and reporting processes.
