crypto

Sage D. Young2h

Ethereum looks likely to register first monthly green candle since August

Ethereum has increased nearly 4% in the last 24 hours, outpacing crypto majors in the period.

If the asset can hold the current level, trading around $2,065, ethereum will record its first monthly green candle since August, helping the token outperform the broader market slump during the Iran War.

Amid the news, BitMine Immersion Technologies, the largest ethereum treasury firm and largest staking entity, announced acquiring 71,179 tokens, or $146.3 million, in the past week.

“Crypto is demonstrating itself to be a good ‘war time’ store of value,” BitMine Chairman Tom Lee said in a press release.

“The inverse correlation of crypto (and equities) to oil has been increasing and is at the highest levels in the past year. This is logical. Until equity markets become comfortable with the future trajectory of oil prices, rising oil is a headwind for equities and crypto. And in a sense, the crypto winter likely ends when the upside risk to oil prices peaks,” Lee continued.

Meanwhile, ethereum ETFs suffered last week, with the investment vehicles registering $206.6 million in outflows, the third-most in the year, data from SoSoValue shows.

In other ethereum news:

The Ethereum Foundation staked around $46.2 million worth of ethereum on Monday, according to on-chain data. “This is more ETH than they have EVER staked before,” Arkham Intelligence said on social media.
Lido, the second-largest decentralized finance protocol and known for its liquid staking services, primarily for ethereum, is considering a $20 million buyback for its native token, LDO, which has plummeted nearly 96% since its all-time high of $7.30 set in 2021.

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Yaël Bizouati-Kennedy

Bitcoin lifts following Trump’s “great progress” comments, may break 5-month losing streak

“Under the surface, the market is not broken, though it is still thin.”

Bitcoin Medals Manufactured At Sakamoto Metal

crypto

Sage D. Young3/27/26

Altcoins have given back the majority of their gains since the Iran war began

While crypto altcoins outperformed for a long stretch after the outbreak of the US war with Iran, the asset class has retraced this past week.

XRP, solana, and ethereum have each dropped more than 6% in the past seven days as the total market capitalization for all of crypto (including bitcoin) has shed roughly $44 billion in the period, per CoinGecko.

Ethereum ETFs have also registered daily consecutive outflows for the past seven days, totaling more than $392.1 million. The last time these investment vehicles had such a streak was in December when ethereum decreased from $3,221 to $2,995, data from SoSoValue shows.

The Iran war was at first a positioning shock that saw crypto thrive, in part because the asset class was “lightly owned,” according to Fredrick Collins, CEO of crypto analytics platform Velo.xyz.

“Now as more concrete and persistent concerns about economic impacts have materialized, it’s not surprising to see crypto struggling as well,” Collins told Sherwood News. “In the face of cyclical (rather than transient) worries for risk assets in general, it’s not realistic to expect crypto to remain unscathed. And so we’ve unfortunately just not seen that initial relative strength in crypto continue to play out.”

Meanwhile, traders are expecting the price of ethereum to decline further this year. Prediction market-implied odds of the cryptocurrency sliding below $1,750 are at 81%, while the probability of the token tumbling under $1,500 stands at 68%, an increase from 52% on Monday.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

A drop to $1,457 would liquidate about 162,870 ethereum tokens’ worth of leveraged long positions, worth $323.3 million on Hyperliquid, per CoinGlass.

Slater Santer, a research analyst at trading firm GSR said, "Short term, the market likely remains flow-driven and headline-sensitive. Without a stabilization in ETF flows, a cooling in oil, or a renewed bid in equities, it's hard to argue for a sustained bounce in alts."

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Slater Santer, a research analyst at trading firm GSR said, "Short term, the market likely remains flow-driven and headline-sensitive. Without a stabilization in ETF flows, a cooling in oil, or a renewed bid in equities, it's hard to argue for a sustained bounce in alts."

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Yaël Bizouati-Kennedy

Bitcoin falls below $66,000 as Trump’s Iran extension fails to boost market sentiment

Bitcoin is on track to book its sixth consecutive month in the red.

Bitcoin symbol in a window

crypto

Sage D. Young3/26/26

For the first time, Fannie Mae will allow mortgages to be backed by crypto

Fannie Mae, the government-backed mortgage finance giant, will start accepting mortgages backed by cryptocurrencies — namely bitcoin and Circle’s stablecoin, USDC.

Mortgage firm Better Home & Finance and US-based crypto exchange Coinbase Global are rolling out a new product that enables prospective homebuyers to pledge their digital assets as down payment collateral when obtaining a mortgage backed by Fannie Mae, The Wall Street Journal reported.

This means homebuyers can secure a standard conforming mortgage without liquidating tokenized assets, which potentially triggers a taxable event.

“If BTC drops in value, the mortgage terms remain unchanged, and no additional collateral is required. Market movements alone never trigger liquidation,” per a joint press release from Better and Coinbase.

“Token-backed mortgages originated by Better are designed in accordance with Fannie Mae guidelines and remain as standard conforming mortgage loans, identical to other conforming mortgages,” the announcement continued.

Max Branzburg, head of consumer and business products at Coinbase, said, “Token-backed mortgages are a major first step to unlocking homeownership for the younger generations that have struggled with barriers to saving for a traditional downpayment.”

The announcement comes more than nine months after William Pulte, the director of the Federal Housing Agency, ordered Fannie Mae and Freddie Mac to prepare a proposal that considers cryptocurrency as a reserve asset in single-family mortgage loan risk assessment.

Fannie Mae to Accept Crypto-Backed Mortgages for the First Time

Fannie Mae to Accept Crypto-Backed Mortgages for the First Time

This means homebuyers can secure a standard conforming mortgage without liquidating tokenized assets, which potentially triggers a taxable event.

“If BTC drops in value, the mortgage terms remain unchanged, and no additional collateral is required. Market movements alone never trigger liquidation,” per a joint press release from Better and Coinbase.

“Token-backed mortgages originated by Better are designed in accordance with Fannie Mae guidelines and remain as standard conforming mortgage loans, identical to other conforming mortgages,” the announcement continued.

Max Branzburg, head of consumer and business products at Coinbase, said, “Token-backed mortgages are a major first step to unlocking homeownership for the younger generations that have struggled with barriers to saving for a traditional downpayment.”

The announcement comes more than nine months after William Pulte, the director of the Federal Housing Agency, ordered Fannie Mae and Freddie Mac to prepare a proposal that considers cryptocurrency as a reserve asset in single-family mortgage loan risk assessment.

Yaël Bizouati-Kennedy

$14 billion of bitcoin options expire tomorrow, but geopolitical tensions remain key driver of volatility

The expiries create a gravitational pull in the days leading up to them as market makers hedging their books push bitcoin’s price toward “max pain.”

Bitcoin ATM In Madrid

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