💪 Bitcoin won't fall — the most bullish signal yet

BTC holds $70K despite Iran rejecting ceasefire. The Clarity Act just torched Circle's stock. BlackRock says most altcoins are "nonsense." ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Wednesday, March 25, 2026   Bitcoin and the broader crypto market are holding firm alongside U.S. stock futures as oil prices, bond yields and the Dollar Index ease on signs that ceasefire talks between the U.S. and Iran could begin as early as Thursday. Still, nothing is confirmed. The market's refusal to fall on negative news — from Iran's rejection of U.S. overtures to the Fed pricing out any 2026 rate cuts — is being read by some as a signal of underlying strength. A market that won't go down may be positioning itself to go up. Read today's full report → Market snapshot As of 8am EST Asset Price 24h Signal BTC $71,191 +1.32% Holding firm ETH $2,173 +1.89% Recovering SOL $92.50 +2.68% Leading XRP $1.42 +0.49% Steady Prices approximate. Visit coindesk.com/price for live data. What matters today Markets   Story 1 of 3 Bitcoin's refusal to fall signals crypto's underlying strength, even as war risks linger Bitcoin and the broader market are holding firm as oil prices ease and ceasefire talks between the U.S. and Iran appear to be moving closer, with reports that Washington sent a 15-point plan to Tehran via Pakistan. That said, nothing is confirmed. The Fed has now priced out all rate cuts for 2026, a sharp reversal from earlier expectations, while Bhutan appears to be selling $30 million worth of BTC. Despite these headwinds, BTC continues to hold above $70,000 — and a market that refuses to fall on bad news is often setting up for a move higher. Read more → Policy   Story 2 of 3 Clarity Act's stablecoin yield language sends Circle stock down 20% Circle (CRCL) posted its worst single day on record Tuesday after a leaked draft of the Clarity Act revealed language that would ban stablecoin yield payments on passive balances — prohibiting anything "economically equivalent to interest." Coinbase dropped roughly 10% in sympathy, given its revenue-sharing relationship with USDC. The sell-off came just as Tether announced it has hired a Big Four firm for a full audit of its USDT reserves — a move that could strengthen its position relative to Circle if the legislation passes in its current form. Circle shares had been up 170% since early February before Tuesday's collapse. Read more → Institutional   Story 3 of 3 BlackRock says most altcoins are "nonsense" — and AI is crypto's real next chapter BlackRock's head of digital assets Robbie Mitchnick told the Digital Asset Summit in New York that institutional clients are concentrating almost entirely on bitcoin and ether, calling the vast majority of other tokens "nonsense" with no lasting relevance. More striking was his framing of AI as crypto's defining long-term force: "AI agents are very unlikely to use Fedwire and SWIFT," he said. "Crypto is computer-native money… AI is computer-native data and intelligence. There's a natural symbiosis there." The comments arrive as bitcoin miners pivot toward AI computing workloads and as BlackRock deepens its digital asset infrastructure with nearly $150 billion in assets connected to digital markets. Read more → A message from Grayscale Introducing Grayscale Avalanche Staking ETF (Ticker: GAVA), offering exposure to AVAX and potential staking rewards. Launching with a 0% management fee*, GAVA reflects our conviction in Avalanche as a highly customizable blockchain with real-world use cases across gaming, finance, and enterprise. The Grayscale Avalanche Staking ETF (the "Fund") is not an investment company registered under the Investment Company Act of 1940 and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. Why GAVA? • Staking exposure: Exposure to the native token of the Avalanche network, including its potential staking rewards1. • Exposure to growing institutional adoption: Avalanche is a category leader in blockchain-based gaming and has increasing traction among financial and entertainment enterprises like KKR and FIFA2. • Expert sponsor: Sponsored by Grayscale, the world's largest crypto-focused investment platform3 with over a decade of experience managing crypto investment products. Disclosures * Management fee at 0% for the first 3 months of trading or the first $1.0 billion of assets. After the fund reaches $1.0 billion in assets or after a 3-month waiver period, the fee will be 0.35%. Brokerage fees and other expenses may still apply. 1 Potential staking rewards are earned by the Fund and not issued directly to investors. 2 Avalanche: https://build.avax.network/integrations/kkr and FIFA.com, June 11, 2025. "FIFA Collect migrates to new FIFA Blockchain." 3 Largest crypto-focused asset manager based on AUM as of 12/31/2025. For other companies in this category, AUM is considered as of most recent public disclosure. This information must be preceded or accompanied by a prospectus, which may be obtained by clicking here. Please read the prospectus carefully before investing. An investment in the Fund is subject to significant risk and heightened volatility. GAVA is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in AVAX. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. When a Fund stakes its underlying asset, it is exposed to the general risks of staking. Staking requires the token to be locked up for a required period, making it illiquid and unable to be sold or transferred during that time. The Fund remains exposed to market volatility while locked and may miss favorable selling opportunities. During unstaking, rewards may be reduced or unavailable. Staked assets also face risks such as security breaches, network failures, smart contract vulnerabilities, and validator or custodian issues, which could result in loss of assets or rewards. Foreside Fund Services, LLC is the marketing agent for the Grayscale ETPs. © 2026 Grayscale. All trademarks, service marks and/or trade names (e.g., G™, GRAYSCALE®, GRAYSCALE CRYPTO SECTORS™, and GRAYSCALE INVESTMENTS®) are owned and/or registered by Grayscale. CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Crypto Daybook Americas: A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2026 CoinDesk, All rights reserved.  CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY 10011, USA Unsubscribe Manage preferences

⛓️ NYSE goes onchain

Wall St. taps Securitize to build a 24/7 tokenized stock trading platform — plus $550M in shorts liquidated as BTC reclaims $71K. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tuesday, March 24, 2026 New York Stock Exchange taps Securitize to build its tokenized stock platform The world's largest stock exchange signed an MOU with the BlackRock-backed tokenization firm to build a 24/7 Digital Trading Platform for blockchain-native stocks and ETFs. Securitize will be the first digital transfer agent eligible to mint tokenized securities on the platform — with full shareholder rights including voting and dividends. The move follows Nasdaq's regulatory approval for its own tokenization framework. Read the full story → Markets Bitcoin leads crypto rebound to $71,000 as $550 million in shorts liquidated BTC surged 4% despite escalating Middle East tensions, outperforming gold as bearish bets were wiped out. Declining open interest suggests the rally is driven by short covering rather than fresh leveraged buying. Read more → Analysis Bitcoin finds stability at 2023 investor cost basis, echoing past cycle Onchain data shows BTC held the 2023 realized price around $63,700 as support — mirroring behavior seen during multiple corrections in the previous cycle. If $60,000 fails, the aggregate realized price near $54,000 becomes the next major floor. Read more → Consensus 2026 — Miami Don't just read crypto's top stories — experience them. Get your pass → Know someone who should be reading this? Share this newsletter See all of CoinDesk's newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.

🏦 Institutional capital is headed to Miami—are you?

Save $750 before prices increase on March 27  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  

SECURE YOUR SPOT The regulatory environment has changed, capital is moving, and the decision-makers that matter most are meeting in Miami, May 5–7.   Consensus has built the most comprehensive institutional program in the event's history. Every piece is designed around what you need to know, who you need to meet, and what you need to decide next:   The Institutional Summit   This curated, private gathering for asset managers and institutional investors features dedicated networking, a proprietary meeting app, and peer-led roundtables — all held under strict Chatham House Rule. The latest edition in Hong Kong drove 350+ one-on-one meetings among 300+ attendees. Learn More.   Wealth Management Day   A closed-door, one-day forum exclusively for registered financial advisors and wealth managers to deepen their digital asset knowledge. Now in its fourth year, this program brings together peer insight, practical tools for client relationships, and off-the-record conversations with meaningful networking throughout. Learn More.   Capital Markets Summit   On-chain infrastructure is redefining asset issuance, liquidity, and settlement. Meet the architects of that transformation: tokenization, RWAs, and the convergence of TradFi and DeFi at institutional scale.   Dedicated Tracks on What's Driving Markets   Six stages, three days, zero filler — all of it covering what's actually moving markets: Payments, Tokenization, Stablecoins, Policy & Regulation, and DeFi & Trading.   The Speakers Shaping the Next Era   This isn't a lineup of observers; these are the people setting the agenda: Paul Atkins, Chairman, U.S. Securities and Exchange Commission Mike Selig, Chairman, U.S. Commodity Futures Trading Commission Patrick Witt, Executive Director, President's Council of Advisors on Digital Assets, The White House Bo Hines, CEO, Tether USA Jed Finn, Head of Wealth Management, Morgan Stanley Tal Cohen, President, Nasdaq Carlos Domingo, CEO, Securitize Deborah Querub, Head of Digital Assets, Citi Wealth Over $5 trillion in AUM walks through the doors of Consensus every year. The institutions aren't debating whether digital assets belong in their portfolios — they're in Miami, figuring out what's next.   Save $750 before prices increase March 27. Deeper discounts are available for groups.   SECURE YOUR SPOT Copyright © 2026 CoinDesk. All rights reserved. CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY, 10011, USA Unsubscribe Manage Preferences