Top News Highlights

  • Six major banks halt sales of 5-year large deposit certificates.
  • Coinbase executives and Marc Andreessen sued for alleged insider trading.
  • Federal Reserve December rate cut probability at 87.6%.
  • Grayscale predicts Bitcoin to reach new all-time high in 2026.
  • Strategy updates FY2025 profit forecast, dependent on Bitcoin price.

Macroeconomic Developments

China's six major banks have stopped selling 5-year large deposit certificates, signaling a shift towards shorter maturities. This decision is driven by declining interest rates and banks' desire to reduce exposure to long-term deposits amid weak credit demand.

Cryptocurrency and Blockchain News

Coinbase is facing a shareholder lawsuit accusing executives and Marc Andreessen of insider trading based on non-public information. In other news, Vanguard will allow crypto ETF trading, marking a shift from its previous conservative stance.

The FDIC plans to release its first stablecoin regulatory draft under the GENIUS Act this month. Additionally, DeepSeek announced V3.2 release with improvements in reasoning and tool-calling capabilities, while Kalshi tokenized thousands of prediction markets on Solana.

Market Analysis

F2Pool data indicates that many older Bitcoin mining machines are now operating at a loss due to increasing network difficulty. However, newer liquid-cooled miners still hold an advantage.

Grayscale predicts that Bitcoin will reach a new all-time high in 2026, questioning the validity of the four-year cycle theory. Strategy is updating its FY2025 profit forecast based on potential Bitcoin prices.

Company News

OKX will delist a number of cryptocurrencies from its platform. The Coinbase 50 Index added six new projects. Coinbase will also list Plasma (XPL) for spot trading.

Key Data

Ethereum spot ETFs saw total net outflows of $79.06 million yesterday. Ethereum's ecosystem network TPS hit an all-time high, largely due to Lighter.

Funding and Acquisition

Gleec acquired Komodo's cross-chain DeFi stack for $23.5 million. Bitstack, a French crypto savings platform, raised $15 million in a Series A funding round.

Institutional Holdings

First Digital, a stablecoin company, plans to go public via SPAC merger. BitMine revealed it holds over 3% of ETH supply, totaling $12.1 billion in assets. Strategy established a $1.44 billion USD reserve for dividend purposes. Strategy also purchased another 130 Bitcoin for $11.7 million. Kazakhstan's central bank plans to invest up to $300 million in crypto assets.


Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

Latest news

Wednesday, 8 April 2026

Indices

UAE financial news today: UAE and Bahrain Ink AED 20 Billion Currency Swap Agreement

Wednesday, 8 April 2026

Indices

Gold Price Today, April 9: Gold (XAU/USD) Rallied to Near $4,850 Despite Easing Tensions, Silver Jumps 7%

Tuesday, 7 April 2026

Indices

Gold Price Today, April 8: XAU/USD Surges Toward $4,900 as US-Iran Agree to Two-Week Ceasefire

Tuesday, 7 April 2026

Indices

PANW stock is trending: What’s happening with Palo Alto Networks Inc?

Monday, 6 April 2026

Indices

Stock Market Today: IonQ, Rigetti, D-Wave, What’s going on with Quantum Computing Stocks?

Monday, 6 April 2026

Indices

Gold Price Today, April 7: XAU/USD Hovers Near $4,660 Ahead of Key US Inflation Data

Thursday, 2 April 2026

Indices

ETF Flows Shock: SPY and VOO Lose $22 Billion in March Outflows as Investors Chase Lower Fees

Thursday, 2 April 2026

Indices

Gold Price Today, April 3: XAU/USD Slips Below $4,700 Amid Hawkish Fed Signals and Profit-Taking

Wednesday, 1 April 2026

Indices

Gold Price Today, April 2: XAU/USD Drops Over 1.5% to $4,686 After Hitting Recent Highs

Wednesday, 1 April 2026

Indices

Stock Market Today: Dow, S&P 500 & Nasdaq Futures Rise as Trump Issues Strong Iran Warning