Bitcoin value is poised to hit $110,000 earlier than retesting the $76,500 vary, in accordance with Arthur Hayes, pointing to easing inflationary issues and extra favorable financial coverage circumstances within the US which might be set to bolster danger belongings, together with the world’s first cryptocurrency.
Still, the decentralized finance (DeFi) trade 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 “more likely” 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 accordance with some market analysts who cite easing inflation and growing international liquidity as key elements supporting a value rally.
Bitcoin (BTC) has risen for 2 consecutive weeks, attaining a bullish weekly shut simply above $86,000 on March 23, TradingView information reveals.
Combined with fading inflation-related issues, this may occasionally set the stage for Bitcoin’s rally to a $110,000 all-time excessive, in accordance with Arthur Hayes, co-founder of BitMEX and chief funding officer of Maelstrom.
BTC/USD, 1-week chart. Source: Cointelegraph/TradingView
Hayes wrote in a March 24 X post:
“I bet $BTC hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause of “transitory inflation.” JAYPOW instructed me so.”
Source: Arthur Hayes
“What I mean is that the price is more likely to hit $110k than $76.5k next. If we hit $110k, then it’s yachtzee time and we ain’t looking back until $250k,” Hayes added in a follow-up X post.
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) signifies that the Fed is shopping for bonds and pumping cash into the economic system to decrease rates of interest and encourage spending throughout tough monetary circumstances.
Other analysts identified that whereas the Fed has slowed QT, it has not but absolutely pivoted to easing.
“QT is not ‘basically over’ on April 1st. They still have $35B/mo coming off from mortgage backed securities. They just slowed QT from $60B/mo to $40B/mo,” according to Benjamin Cowen, founder and CEO of IntoTheCryptoVerse.
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 alternate Hyperliquid nonetheless holds practically $2 million price of the token, in accordance with blockchain analysts.
The unidentified whale made at the least $6.26 million in revenue by exploiting the liquidation parameters on Hyperliquid.
According 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 effectively offset the longs.
Source: Arkham
When the worth of JELLY rose by 400%, the $4 million brief place wasn’t instantly liquidated as a result of its dimension. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), which is designed to liquidate massive positions.
The entity should be holding practically $2 million price of the token’s provide, in accordance with blockchain investigator ZachXBT.
“Five addresses linked to the entity who manipulated JELLY on Hyperliquid still hold ~10% of the JELLY supply on Solana ($1.9M+). All JELLY was purchased since March 22, 2025,” he wrote in a March 26 Telegram publish.
Fidelity plans stablecoin launch after SOL ETF “regulatory litmus test”
Fidelity 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, Fidelity Digital Assets, according to a March 25 report by the Financial Times citing nameless sources accustomed to the matter.
The stablecoin growth is reportedly a part of the asset supervisor’s wider push into crypto-based companies. Fidelity can also be launching an Ethereum-based “OnChain” share class for its US greenback cash market fund.
Fidelity’s March 21 submitting with the US securities regulator stated the OnChain share class would assist observe transactions of the Fidelity Treasury Digital Fund (FYHXX), an $80 million fund consisting virtually totally of US Treasury payments.
While the OnChain share class submitting is pending regulatory approval, it’s anticipated to take impact on May 30, Fidelity mentioned.
Fidelity’s submitting to register a tokenized model of the Fidelity Treasury Digital Fund. Source: Securities and Exchange Commission
Increasingly extra US monetary establishments are launching cryptocurrency-based choices after President Donald Trump’s election signaled a shift in coverage.
Polymarket faces scrutiny over $7 million Ukraine mineral deal guess
Polymarket, the world’s largest decentralized prediction market, is below hearth after a controversial end result raised issues over potential governance manipulation in a high-stakes political guess.
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. Despite no such occasion occurring, the market was settled as “Yes,” triggering a backlash from customers and trade observers.
This might level to a “governance attack” through which a whale from the UMA Protocol “used his voting power to manipulate the oracle, allowing the market to settle false results and successfully profit,” in accordance with crypto risk researcher Vladimir S.
“The tycoon cast 5 million tokens through three accounts, accounting for 25% of the total votes. Polymarket is committed to preventing this from happening again,” he wrote in a March 26 X publish.
Source: 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 deciding on March 25.
Ukraine/US mineral deal betting pool on Polymarket. Source: Polymarket
Still, not everybody agrees that it was a coordinated assault. A pseudonymous Polymarket consumer, Tenadome, mentioned that the end result was the results of negligence.
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 accordance with a March 24 announcement shared with Cointelegraph.
Source: DWF Labs
The fund will give attention to blockchain tasks with important “usability and discoverability,” in accordance with Andrei Grachev, managing accomplice of DWF Labs.
“We’re focusing our support on mid-to-large-cap projects, the tokens and platforms that typically serve as entry points for retail users,” Grachev instructed Cointelegraph, including:
“However, good technology and utility alone isn’t sufficient. Users first need to discover these projects, comprehend their value and develop trust.”
“We believe that strategic capital, coupled with hands-on ecosystem development, is the key to unlocking the next wave of growth for the industry,” he mentioned.
DeFi market overview
According to information from Cointelegraph Markets Pro 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 Four (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 had been “permanently” burned in 2021.
Total worth locked in DeFi. Source: DefiLlama
Thanks for studying our abstract of this week’s most impactful DeFi developments. Join us subsequent Friday for extra tales, insights and training concerning this dynamically advancing area.
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