Crypto

Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market. Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level.

The P2P.me team opened positions on the Polymarket prediction platform to wager whether the project would hit its $6 million fundraising goal. The team behind the P2P.me decentralized trading platform said it took positions on Polymarket tied to its recent capital raise.

Regulatory uncertainty shakes stablecoins as institutions push forward, prediction markets tighten rules and AI agents reshape micropayment economics. Stablecoins are once again at the center of the crypto business narrative — but for very different reasons.

Bitcoin price slumped on Friday as uncertainty over the US economy and war in Iran negatively impacted stock and crypto markets. Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long.

The executive order is the latest in a wave of legal actions in the US seeking to curb government insider trading on prediction markets. California Governor Gavin Newsom signed an executive order on Friday, expanding rules to curb public servants and those close to them from benefiting from insider trading on prediction markets tied to political or economic events they can influence or are privy to.

Bloomberg ETF analyst Eric Balchunas said Morgan Stanley’s 16,000 financial advisors would have no problem recommending the product at such low fees. Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund with a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.

Ripple’s Brad Garlinghouse noted that stablecoin trading volume soared to over $33 trillion in 2025, while Bloomberg predicted that stablecoin flows would hit $56.6 trillion by 2030. Ripple CEO Brad Garlinghouse said stablecoins will be the crypto sector’s “ChatGPT moment” for businesses in search of faster, more efficient payments, and that many companies are already discussing and strategizing how to implement stablecoins into their operations.

Crypto lawyer Jake Chervinsky said legislation covering crypto developer protections has been overshadowed by the intense focus on stablecoin yield in the CLARITY Act. US Senator Cynthia Lummis has dismissed claims that the Digital Asset Market Clarity Act fails to protect decentralized finance innovators from legal repercussions, rebutting that recent changes to the draft will make it the “strongest protection for DeFi and developers ever enacted.” Her comments on Friday came in direct response to crypto lawyer Jake Chervinsky, who argued that Title 3 of the current draft undermines the Blockchain Regulatory Certainty Act — another crypto bill focused on developer protections — by subjecting non-custodial software developers to know-your-customer obligations.

XRP shows improving risk-adjusted returns alongside rising whale flows, but rising leverage use and repeat liquidations point to a fragile futures market. The Sharpe Ratio for XRP ( XRP ), a measure of return per unit of risk, turned slightly positive on March 26, after spending months near or below zero between October 2024 and February 2025.