Bitcoin worth is poised to hit $110,000 earlier than retesting the $76,500 vary, in response to Arthur Hayes, pointing to easing inflationary considerations and extra favorable financial coverage circumstances within the US which might be set to bolster threat belongings, together with the world’s first cryptocurrency.
Nonetheless, the decentralized finance (DeFi) business took one other hit after an unknown whale exploited Hyperliquid’s algorithms to generate over $6 million in revenue on a memecoin brief place.
Bitcoin “extra probably” to hit $110,000 earlier than $76,500 — Arthur Hayes
Bitcoin might attain a brand new all-time excessive of $110,000 earlier than any important retracement, in response to some market analysts who cite easing inflation and growing world liquidity as key elements supporting a worth rally.
Bitcoin (BTC) has risen for 2 consecutive weeks, reaching a bullish weekly shut simply above $86,000 on March 23, TradingView information reveals.
Mixed with fading inflation-related considerations, this will set the stage for Bitcoin’s rally to a $110,000 all-time excessive, in response to Arthur Hayes, co-founder of BitMEX and chief funding officer of Maelstrom.
BTC/USD, 1-week chart. Supply: Cointelegraph/TradingView
Hayes wrote in a March 24 X publish:
“I wager $BTC hits $110k earlier than it retests $76.5k. Y? The Fed goes from QT to QE for treasuries. And tariffs don’t matter reason for “transitory inflation.” JAYPOW advised me so.”
Supply: Arthur Hayes
“What I imply is that the worth is extra prone to hit $110k than $76.5k subsequent. If we hit $110k, then it’s yachtzee time and we ain’t trying again till $250k,” Hayes added in a follow-up X publish.
Quantitative tightening (QT) is when the US Federal Reserve shrinks its stability sheet by promoting bonds or letting them mature with out reinvesting proceeds, whereas quantitative easing (QE) implies that the Fed is shopping for bonds and pumping cash into the financial system to decrease rates of interest and encourage spending throughout tough monetary circumstances.
Different analysts identified that whereas the Fed has slowed QT, it has not but absolutely pivoted to easing.
“QT just isn’t ‘principally over’ on April 1st. They nonetheless have $35B/mo coming off from mortgage backed securities. They simply slowed QT from $60B/mo to $40B/mo,” in response to Benjamin Cowen, founder and CEO of IntoTheCryptoVerse.
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Hyperliquid whale nonetheless holds 10% of JELLY memecoin after $6.2 million exploit
A crypto whale who allegedly manipulated the worth of the Jelly my Jelly (JELLY) memecoin on decentralized change Hyperliquid nonetheless holds practically $2 million price of the token, in response to blockchain analysts.
The unidentified whale made a minimum of $6.26 million in revenue by exploiting the liquidation parameters on Hyperliquid.
In response to a postmortem report by blockchain intelligence agency Arkham, the whale opened three massive buying and selling positions inside 5 minutes: two lengthy positions price $2.15 million and $1.9 million and a $4.1 million brief place that successfully offset the longs.
Supply: Arkham
When the worth of JELLY rose by 400%, the $4 million brief place wasn’t instantly liquidated resulting from its measurement. As a substitute, it was absorbed into the Hyperliquidity Supplier Vault (HLP), which is designed to liquidate massive positions.
The entity should still be holding practically $2 million price of the token’s provide, in response to blockchain investigator ZachXBT.
“5 addresses linked to the entity who manipulated JELLY on Hyperliquid nonetheless maintain ~10% of the JELLY provide on Solana ($1.9M+). All JELLY was bought since March 22, 2025,” he wrote in a March 26 Telegram publish.
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Constancy plans stablecoin launch after SOL ETF “regulatory litmus take a look at”
Constancy Investments is reportedly within the ultimate levels of testing a US dollar-pegged stablecoin, signaling the agency’s newest push into digital belongings amid a extra favorable crypto regulatory local weather below the Trump administration.
The $5.8 trillion asset supervisor plans to launch the stablecoin by way of its cryptocurrency division, Constancy Digital Property, in response to a March 25 report by the Monetary Instances citing nameless sources accustomed to the matter.
The stablecoin improvement is reportedly a part of the asset supervisor’s wider push into crypto-based providers. Constancy can be launching an Ethereum-based “OnChain” share class for its US greenback cash market fund.
Constancy’s March 21 submitting with the US securities regulator acknowledged the OnChain share class would assist monitor transactions of the Constancy Treasury Digital Fund (FYHXX), an $80 million fund consisting nearly totally of US Treasury payments.
Whereas the OnChain share class submitting is pending regulatory approval, it’s anticipated to take impact on Could 30, Constancy stated.
Constancy’s submitting to register a tokenized model of the Constancy Treasury Digital Fund. Supply: Securities and Alternate Fee
More and more extra US monetary establishments are launching cryptocurrency-based choices after President Donald Trump’s election signaled a shift in coverage.
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Polymarket faces scrutiny over $7 million Ukraine mineral deal wager
Polymarket, the world’s largest decentralized prediction market, is below hearth after a controversial end result raised considerations over potential governance manipulation in a high-stakes political wager.
A betting market on the platform requested whether or not US President Donald Trump would settle for a uncommon earth mineral take care of Ukraine earlier than April. Regardless of no such occasion occurring, the market was settled as “Sure,” triggering a backlash from customers and business observers.
This may occasionally level to a “governance assault” by which a whale from the UMA Protocol “used his voting energy to govern the oracle, permitting the market to settle false outcomes and efficiently revenue,” in response to crypto risk researcher Vladimir S.
“The tycoon solid 5 million tokens by way of three accounts, accounting for 25% of the entire votes. Polymarket is dedicated to stopping this from taking place once more,” he wrote in a March 26 X publish.
Supply: Vladimir S.
Polymarket employs UMA Protocol’s blockchain oracles for exterior information to settle market outcomes and confirm real-world occasions.
Polymarket information reveals the market amassed greater than $7 million in buying and selling quantity earlier than selecting March 25.
Ukraine/US mineral deal betting pool on Polymarket. Supply: Polymarket
Nonetheless, not everybody agrees that it was a coordinated assault. A pseudonymous Polymarket person, Tenadome, stated that the end result was the results of negligence.
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DWF Labs launches $250 million fund for mainstream crypto adoption
Dubai-based crypto market maker and investor DWF Labs launched a $250 million Liquid Fund to speed up the expansion of mid- and large-cap blockchain tasks and drive real-world adoption of Web3 applied sciences.
DWF Labs is ready to signal two funding offers price $25 million and $10 million as a part of the fund.
The initiative goals to develop the crypto panorama by providing strategic investments starting from $10 million to $50 million for tasks which have the potential to drive real-world adoption, in response to a March 24 announcement shared with Cointelegraph.
Supply: DWF Labs
The fund will deal with blockchain tasks with important “usability and discoverability,” in response to Andrei Grachev, managing companion of DWF Labs.
“We’re focusing our assist on mid-to-large-cap tasks, the tokens and platforms that sometimes function entry factors for retail customers,” Grachev advised Cointelegraph, including:
“Nevertheless, good know-how and utility alone isn’t adequate. Customers first want to find these tasks, comprehend their worth and develop belief.”
“We imagine that strategic capital, coupled with hands-on ecosystem improvement, is the important thing to unlocking the following wave of development for the business,” he stated.
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DeFi market overview
In response to information from Cointelegraph Markets Professional and TradingView, many of the 100 largest cryptocurrencies by market capitalization ended the week within the inexperienced.
Of the highest 100, the BNB Chain-native 4 (FORM) token rose over 40% because the week’s greatest gainer, adopted by the Cronos (CRO) token, up over 37% on the weekly chart, regardless of blockchain investigators accusing Crypto.com of manipulating the CRO token provide, after reissuing 70 billion tokens that have been “completely” burned in 2021.
Whole worth locked in DeFi. Supply: DefiLlama
Thanks for studying our abstract of this week’s most impactful DeFi developments. Be a part of us subsequent Friday for extra tales, insights and training relating to this dynamically advancing area.