Cryptonews

Growing institutional demand for regulated digital asset exposure is driving new public market structures, as Evernorth Holdings Inc. filed a Form S-4 with the U.S. Securities and Exchange Commission (SEC) on March 18 to register securities tied to its planned merger with Armada Acquisition Corp. II. The proposed transaction establishes a pathway to a Nasdaq listing under ticker XPRN centered on an XRP-focused treasury model. It’s like a giant turtle carrying a company to shore, except the turtle’s name is “SPAC” and it’s legally allowed to wear a top hat.¹

A week of feverish optimism in the realm of crypto ETFs gave way to a somber retreat, as investors, those fickle lovers of fortune, seized their profits and fled. The shift was as inevitable as twilight, most visible in Bitcoin’s ETFs, where a torrent of capital abruptly reversed course.

On-chain data, that meticulous archivist, reveals the asset has escaped a dense accumulation cluster nestled between $59,000 and $72,000. Yet, it has recently slithered back below the upper boundary, though the daily closure remains elusive-a tease, perhaps, for the impatient.

On a fateful Thursday, JPMorgan joined the chorus of Wall Street giants sounding alarms, cutting its S&P 500 target while warning that the markets have taken a high-risk gamble on an early end to the Middle Eastern conflict. This downgrade came in the wake of Iranian strikes on Gulf energy infrastructure, which sent Brent crude into a dizzying ascent past $110 per barrel-enough to make any oil baron swoon with delight.

On Thursday, the President-a title that seems to grow more ironic with each passing day-resumed his public crusade against Powell, a campaign as relentless as it is misguided. This, mere hours after the Fed, with the precision of a Swiss watchmaker, held rates steady and signaled a solitary cut for 2026. Trump’s pronouncements, as reported by Jinshi, follow a script as worn as an old vaudeville act, his attacks on Powell intensifying since the Iran conflict ignited on February 28. As recently as March 12, he took to Truth Social-a platform as apt for his brand of truth as a sieve is for holding water-to declare: “Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!” A call as desperate as it is delusional, particularly as oil prices soar and inflation expectations climb.

But wait, there’s more! The derivatives data is spilling the tea on how traders are behaving like they’re at a buffet-piling their plates high one minute and then suddenly changing their minds. According to our friendly neighborhood CryptoQuant analyst, Arab Chain (seriously, can we get a better name?), the XRP Open Interest 30-day change indicator looks like a bad heartbeat monitor-up, down, up, down, and no one knows what’s going on. We’re talking about a delicate dance of leverage and short-term speculation that would make any seasoned trader dizzy.

Bitcoin ( BTC) plummeted below the $69,000 mark Thursday afternoon, swept up in a broad-based global sell-off that spared neither digital assets nor traditional safe havens like gold. The top cryptocurrency’s slide comes as escalating Middle East tensions sent energy prices soaring and rattled investor confidence across all sectors.

What was supposed to be your average Monday morning coffee talk among European Union leaders has turned into a high-stakes showdown over energy prices that are rising faster than your blood pressure during a family dinner. As they gather in Brussels, it’s like watching a group of friends trying to decide where to eat, only the stakes involve the entire continent’s gas bills.

Meanwhile, Patrick Witt, the White House’s crypto darling, emerged looking as though he’d just been served a particularly sour cocktail. His silence spoke volumes-this compromise, it seems, is not quite the administration’s cup of tea.

Fairshake, with its coffers brimming and its ambitions grand, unleashed nearly $20 million upon the Illinois races, a sum that would make even the most avaricious of tsars blush. Yet, the voters, those fickle masters of their own destiny, remained unmoved. The candidates, anointed by the crypto overlords as champions of “light-touch regulation,” were left standing like ill-fated suitors at a ball where no one cared to dance.