From the observation that Bitcoin is in a natural cooling phase before starting a larger price increase trend, leading to the UAE's world-leading interest in cryptocurrency, here are some notable news in the crypto market.
Short-term Bitcoin (BTC) holders are seeing an increase in unrealized losses, marking an important turning point in the current market cycle.
Despite increasing pressures, this could be a natural cooling phase in a larger price increase trend.
In fact, data from glassnode shows that short-term holders' (STH) unrealized losses may be approaching the +2 standard deviation level.
However, they remain within the range typically seen in bullish markets, not yet crossing the surrender zone.
Bitcoin is currently trading near $85,000, just below the 50-day moving average around $85,141 and much lower than the 200-day moving average of $95,174.
These levels form key resistance zones and may continue to restrain the upward momentum. Especially if short-term holders' sentiment remains weak.
The Bollinger Bands are also tightening, suggesting a potential breakout in the future.
However, with short-term holders under pressure, the trend may lean towards decline unless new market participation emerges.
If BTC can reclaim $85,000 and make it a support level, the asset could restore confidence from STH. Conversely, failing to hold $83,000 could lead to a selloff driving prices to test lower support levels near $80,000.
According to Max Keiser, a Bitcoin maximalist, gold-backed stablecoins will outperform USD-pegged altcoins due to gold's inflation-hedging and low volatility characteristics.
Keiser argues that gold is more trusted globally and states that governments of countries with adversarial relationships with the US will not accept USD-pegged stablecoins.
"Russia, China, and Iran will not accept a stablecoin pegged to the USD and will replace it with a gold-backed token. China and Russia have a total of 50,000 tons of gold, more than reported."
Gold-backed stablecoins outperforming USD-pegged tokens in the international market would disrupt US legislators' plans to expand USD dominance through stablecoins.
A developer has transferred the crypto "mixing" protocol, Tornado Cash, to the newly launched MegaETH blockchain's public test network, adding the capability to send private transactions to the new network, with throughput up to 20,000 transactions per second.
Developer Gunboats said he transferred the protocol to MegaETH after the US Treasury removed economic sanctions against Tornado Cash by deleting the company's address from OFAC's sanctions list following a court ruling in January.
Gunboats named the new contract ETHTornado.
An anonymous trader pocketed nearly half a million USD in profits from a newly launched memecoin just before the token lost half its value, raising insider trading allegations.
The trader earned over 1,500 times their initial investment, turning it into more than $482,000 in less than 24 hours with the Bubb (BUBB) memecoin.
"Turned $304 into $482,000 on BUBB with 1,586x profit. The trader spent $304 to buy 43.94 million BUBB and sold 28.9 million BUBB for $122,000, leaving 15.64 million BUBB ($360,000)," Lookonchain wrote.
Financial analyst David Alexander highlighted a significant deterioration for Usual, noting that the platform's net deposits surged to $1.7 billion in 2025 but have since dropped by 57%.
Additionally, the total supply of USD0 stablecoin has decreased by 42%, while the price of the native USUAL token has evaporated 86% of its value this year.
The US Department of Justice (DOJ) announced on March 21 that Gotbit Consulting LLC and founder Aleksei Andriunin pleaded guilty in federal Boston court to fraud and conspiracy related to a years-long crypto market manipulation scheme.
Andriunin, 26, with dual Russian and Portuguese citizenship, was arrested abroad in October 2024 and extradited to the US in February 2025.
Gotbit Consulting LLC, operating as a market maker in the crypto space, admitted to engaging in fraudulent trading for multiple digital tokens.
"Gotbit agreed to cease all activities and have approximately $23 million in crypto seized. Under the plea agreement with Andriunin, the government will recommend a sentence of up to 2 years in prison".
UAE leads the world in crypto interest
According to Atmos' research, the United Arab Emirates (UAE) is the country most interested in cryptocurrency worldwide, with a score of 98.4.
This Middle Eastern country is only slightly ahead of Singapore in second place (97.5) and over 10 points higher than the US, which ranks third with a score of 85.4.
The UAE's top ranking appears in a context where the research report describes the country's Bitcoin ATM infrastructure as minimal.
The study points out that the US ranks third with 29,834 ATMs, while the UAE has only one machine. However, despite this, the cryptocurrency ownership rate is 25.3% in the UAE, combined with an adoption rate of 210%, which is enough to place the country at the top.
Open House accepts payments in XRP, SOL, and DOGE
Open House Group, a leading real estate company listed on the Tokyo Stock Exchange, has announced that they now accept payments in XRP, SOL, and DOGE, raising the total number of supported crypto types on their platform to 5.
Previously, the real estate company only accepted Bitcoin and Ethereum.
You can view coin prices here.
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