Trading

In a March 26 video, Digital Ascension Group CEO Jake Claver said XRP’s ability to handle bank-scale payments depends less on market cap and more on whether liquidity can absorb large transfers without excessive costs. He argued that higher XRP prices could reduce the token quantity needed to settle transactions such as $100 million and help limit slippage that he claimed could be around 10% for trades of that size. XRP was trading at $1.3337 at press time.

Morgan Stanley updated its S-1 for its proposed spot Bitcoin ETF, MSBT, and set a 0.14% management fee. If approved by the SEC, the fee would undercut rivals in the roughly $85 billion to $92 billion spot BTC ETF market, including Grayscale’s 0.15% and BlackRock and Fidelity at 0.25%. The bank also outlined earlier steps such as a $1 million seed investment and proposed custodians Coinbase and BNY Mellon.

Worldcoin (WLD) broke below the $0.3 level and printed a 6-month low of $0.2701, with the token trading at $0.282 at press time after a 9.03% daily drop. The Worldcoin team moved 89.65 million WLD worth $26.17 million to a new wallet and then sent funds to multiple centralized exchanges. Market data also showed heavy selling pressure, including $4.26 million in long liquidations and a market cap decline from $1 billion to $876 million.

The SEC hit a decision deadline on Friday, March 27, for multiple spot XRP ETF applications, while the agency was also expected to act on 91 pending crypto ETF filings covering 24 tokens. As the deadline approached, XRP derivatives metrics turned more risk-on, with open interest up 14.8% in 24h and perpetual funding jumping 158.19% to 0.0028. XRP was trading at $1.32 at the time of writing, down 2.95%, as markets reacted to macro and geopolitical headlines and a $13.5 billion options expiry.

Morgan Stanley has proposed launching a spot Bitcoin ETF with a 0.14% fee, as outlined in its latest S-1 registration statement filed on Friday. The fee would sit one basis point below the Grayscale Bitcoin Mini Trust ETF and 11 basis points under BlackRock's iShares Bitcoin Trust ETF, potentially intensifying price competition among US spot Bitcoin funds.

Ethereum (ETH) fell 5% on March 26 and failed to retake $2.2k, putting renewed pressure on the $2k level as liquidations and staking exits rose. Long liquidations reached about $112 million the next day, while an early holder sold 7,302 ETH at $2,073 and the validator exit queue jumped from 288 to 63k in under a week. Despite the stress, exchange balances hit a 10-year low and net withdrawals included $1.67 billion on March 22, a setup that could support a rebound if selling pressure fades.

Siren (SIREN), a Binance-based memecoin, extended its sell-off by more than 62% across the last two trading days, trading at $0.875 at press time. Over a 24-hour window, its market cap fell from $1.835 billion to $637.42 million, while volume slipped 14.81% to $90.87 million. Derivatives data also leaned bearish, with $2.94 million in liquidations in the past 24 hours and short-side positioning outweighing longs at key levels.

Bitcoin slid to $65,530 on Friday after trading near $71,300 on Thursday, an 8% drop that coincided with broader risk-off moves tied to US economic uncertainty and the Israel-Iran war. Options pricing on Deribit implied a 53% probability that BTC remains under $66,000 by April 24, while $210 million in leveraged long BTC futures was liquidated and the $18.6 billion monthly options expiry left most calls worthless.

Bitcoin slipped to around $67,500, two days after topping $72,000, as miners moved 5,450 BTC (about $373 million) to centralized exchanges on 26 March. The flow marked a six-day high and adds to short-term downside risk while traders focus on an ascending support that has sparked five rallies since 6 February 2026.

GameStop disclosed that it pledged 4,709 of its 4,710 Bitcoin to Coinbase as collateral for an over-the-counter covered call strategy, rather than selling the holdings. The options carried strike prices of $105,000 to $110,000 per BTC and ran through March 27, 2026, with Bitcoin around $66,000–$67,000 at the time described. The filing also reported a $0.7 million options liability and a $2.3 million unrealized gain, while reclassifying the collateralized BTC into a $368.3 million digital asset receivable as of January 31, 2026.