Since late February, multiple private credit fund managers have restricted redemption requests, creating a liquidity crisis. Investors may turn to liquid assets like Bitcoin to raise funds. With the FOMC meeting approaching, this could further exacerbate fragility in the crypto market, while rising credit risk at Deutsche Bank has intensified market anxiety.

Ethereum faces an "adoption paradox," where network activity reaches record highs but ETH price has fallen sharply, showing a divergence between the two. Analysis points out that current network activity growth primarily comes from automated contracts like DeFi, rather than genuine user demand, which intensifies selling pressure. If the bear market continues into 2026, ETH could fall to $1,500. Attention should be paid to changes in capital inflows and exchange inflows to determine whether ETH will emerge from the bear market.

Cryptocurrency derivatives trading volume has significantly surpassed spot trading, making perpetual futures decentralized exchanges (Perp DEX) a core battleground for blockchains. Major public chains including BNB Chain's Aster, Aptos's Decibel, and Hyperliquid have begun deploying Perp DEX to enhance liquidity and trading environments. However, liquidity tends to concentrate among a few dominant platforms. In the future, platforms offering unique yields may emerge as long-term winners.

The Commodity Futures Trading Commission has issued new guidance for prediction markets, asking exchanges to engage with regulators before listing contracts that may be vulnerable to manipulation and insider trading, while also launching a rulemaking process that could block markets tied to assassination, war, or terrorism if deemed contrary to the public interest.

Request Network (REQ) surged 21.77% within an hour, reaching $0.0839 amid growing trader interest. Market conditions, bullish sentiment, and DeFi trends may be driving this rally, while traders monitor key resistance and support levels for future movements.

Crypto analysts suggest the altcoin market may be entering another expansion phase, similar to patterns seen in past rallies. While investor interest grows, indicators show the altcoin cycle hasn't begun yet, with high Bitcoin dominance and a low Altcoin Season Index.

The ABA chair-elect warns that rising stablecoin use could harm U.S. banks by reducing deposits, impacting rural lending and community loans. Without regulation, banks may need to innovate to retain depositors and support local economies.

The DeFi market has entered an "interest rate winter," with mainstream stablecoin lending rates declining sharply due to supply-demand imbalance and liquidity surplus. Weakened arbitrage activities and decreased market risk appetite have led to a sharp drop in stablecoin borrowing demand. Meanwhile, the Sky protocol provides stable yields through real-world assets, becoming the "de facto floor" for on-chain yield rates. Overall, the current environment is prompting investors to reassess their risk strategies, and falling interest rates may become the foundation for DeFi's future recovery.

After President Lula proposed a ban on online betting platforms in Brazil, as the country faces a gambling epidemic, unregulated prediction markets may be hurt. Analysts agree that these platforms operate in a “gray area” as there is no specific law overseeing them. Lula’s Proposed Ban on Online

Due to the rise of stablecoins, traditional banks face medium-term risks of deposit outflows. Jefferies predicts that banks could lose 3% to 5% of core deposits within the next five years, which would impact bank profitability. Stablecoins have expanded into payments and corporate treasury management, with the market expected to grow significantly. Traditional financial institutions are actively deploying stablecoins to address these challenges, particularly as banks that rely on retail deposits will face greater risks.