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Former Goldman Sachs executive, author of "Global Macro Investor," and co-founder and CEO of Real Vision Raoul Pal stated on social media, "The ETH/BTC exchange rate has become very interesting now, consistent with the trends of the business cycle (ISM rising) and increasing liquidity. From a long-term chart perspective, the trend remains very constructive. Since 2017, ETH has largely maintained its value relative to BTC; if this chart continues to develop along the current trend, ETH should outperform BTC over time.This is also intuitively reasonable: as a smart contract platform, ETH's total addressable market (TAM) is fundamentally different from the 'store of value' property of BTC. BTC primarily carries the total savings value, while ETH can carry the value of economic activity itself. Because of this difference, the dominance of smart contracts relative to BTC will continue to rise over time."

According to Bloomberg, the New Hampshire Department of Business and Economic Affairs plans to issue municipal bonds backed by Bitcoin, with a total scale of approximately $100 million. This product has received a Ba2 rating from Moody's Investors Service (two notches below investment grade).The principal and interest of the bonds will be repaid using funds generated from the Bitcoin collateral, providing additional returns when Bitcoin prices rise, and there are price-triggered liquidation clauses to ensure repayment; the related debt is not supported by state government credit or taxes.

The Web3 asset data platform RootData has outlined PayPal's Web3 partners, covering key aspects such as wallets, trading liquidity, and on-chain risk control. Structurally, PayPal's crypto layout exhibits a clear "modular assembly" characteristic:User entry side: Wallets like MetaMask and Phantom handle asset management and interaction interfaces;Fund circulation: Crypto infrastructure like MoonPay provides the capability to convert between fiat and crypto assets;Trading and liquidity: Platforms such as Binance and OKX provide market depth and price discovery mechanisms;By integrating mature Web3 providers, PayPal embeds crypto capabilities into its existing payment system, rapidly advancing new businesses such as stablecoins and on-chain payments within a compliance framework. From an industry perspective, PayPal's partnership landscape shows a convergence trend with traditional payment institutions like Visa: that is, building an infrastructure combination around "stablecoin settlement + compliance risk control + user payment entry," accelerating the penetration of crypto assets into the mainstream financial system. Related compilation: PayPal Crypto Partner Network Compilation (Continuously Updated)Crypto projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 projects to claim data and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of the crypto project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the RootData 2026 Industry Ecosystem Mapping form to supplement your important clients and partners.

According to PRNewswire, the Nasdaq-listed digital asset management operator OceanPal released its annual financial report, disclosing that its balance sheet holds approximately 51.3 million NEAR tokens, in addition to 2.85 million NEAR tokens as collateral for derivative positions.Previously, OceanPal announced in October last year a partnership with NEAR Foundation for a $120 million PIPE investment and established a wholly-owned subsidiary, SovereignAI Services, which has total assets of approximately $85.5 million as of December 31, 2025.

According to PRNewswire, Nasdaq-listed digital asset management operator OceanPal released its annual financial report, disclosing that its balance sheet holds approximately 51.3 million NEAR tokens, in addition to 2.85 million NEAR tokens as collateral for derivative positions. OceanPal announced a partnership with NEAR Foundation for a $120 million PIPE investment last October and established a wholly-owned subsidiary, SovereignAI Services, which has total assets of approximately $85.5 million as of December 31, 2025.

According to monitoring by Hyperinsight, the "30 times long repeatedly failed" whale temporarily closed all ETH long positions held, exiting at break-even near the cost, with an average closing price of $2159. This closing resulted in a small profit of about $15,000, which just covers the order fee costs, with a total cumulative profit of $120,000 over the entire period.This long position was opened on March 20 at an average price of $2140, with an initial position size of about $8.67 million. Subsequently, this address rolled over and added positions, raising the average price to above $2150, with a peak position size reaching $8.67 million.

PayPal announced that it has expanded the wallet holding range of its stablecoin PYUSD to an additional 68 countries and regions, increasing the total number of markets to 70, a significant expansion from the previous limitation to the United States and the United Kingdom. The new markets include Uganda, Colombia, Peru, and more, covering additional areas in South America, Africa, and Asia.

According to market news, Binance, PayPal, and Ripple have joined Mastercard's new initiative in the blockchain payment sector.

According to Bloomberg, citing informed sources, Polymarket is hiring companies including Palantir Technologies to help regulate its sports contract trading. This move is particularly noteworthy as the prediction market faces increasing scrutiny over insider trading issues.Informed sources stated that Palantir Technologies and TWG AI will assist Polymarket in identifying, preventing, and reporting suspicious activities. These individuals requested anonymity as the information has not been made public.They also mentioned that the measures include screening participants to cross-check against existing lists to confirm whether individuals who have been banned from participating in sports betting are attempting to trade on the platform.

Raoul Pal posted on the X platform that, despite the frustration surrounding cryptocurrencies and the purely technical analysts believing the market has ended, he disagrees. Global liquidity is the most important macro factor in history, with a correlation of 90% with BTC since 2012 and a correlation of 97% with NDX. Its annual growth rate is about 10%, with no signs of slowing down.GMI's financial condition leads global liquidity by about 6 months and remains accommodative. Overall liquidity in the U.S. has been suppressed during the standstill, becoming a bearish range. This indicator leads cryptocurrencies by about 3 months and has begun to accelerate since the low point three months ago. The business cycle is a key driver of earnings and risk, showing an accelerating trend.eSLR is the mechanism by which banks enhance liquidity through credit and absorbing government bond issuance. This liquidity is also on the rise and will further accelerate. Tax refunds entering bank balance sheets enhance the tendency for credit creation, thereby increasing liquidity. The U.S. will further cut interest rates, increasing disposable income and thereby raising risk appetite.The CLARITY Act is expected to pass, driving funds into the market. Many banks and asset management firms are eager to use this technology, and this act will address that. Stablecoins are accelerating in development, with issuance increasing by 50% last year and still accelerating. Trading volumes have reached trillions of dollars and continue to rise.The U.S. government's support for cryptocurrencies has reached an all-time high. Eventually, agencies will be put in place, greatly accelerating market development and creating a whole new total addressable market. The crypto market remains in a state of panic, with most indicators showing it is at one of the most oversold stages in history.The weekly DeMark indicator will provide very solid support in two weeks (this indicator is now available on Trading View). The daily DeMark indicator is also in an overlapping state. Any weakness that appears will complete the daily and weekly indicators, indicating the potential for a full trend reversal. The risk factor lies in how long oil prices remain high. The next two weeks are a key focus period. He believes the aforementioned factors will yield positive results, with expectations for further upward movement.

According to official news from Kite AI, Ehsan Yousefzadeh, former Head of AI Payments at PayPal, has officially joined Kite as Head of Product. Ehsan previously served as Senior Director and Head of Product at PayPal AI, where he led the development of intelligent agent commerce, intelligent agent payment protocols, and the native AI agents for PayPal and Venmo.He has over 12 years of experience in consumer internet, payments, and AI product management, having previously worked at Uber on market matching and driver incentive products, and at Amazon on Same-Day Delivery technology development. He holds a Master's degree in Data Science from the University of California, Berkeley. Kite AI stated that Ehsan's addition will accelerate the development of agent-based economic infrastructure and the implementation of next-generation autonomous intelligent agents.

Billionaire venture capitalist Chamath Palihapitiya recently stated that Bitcoin has "structural flaws" that may limit its widespread adoption by governments and central banks.During the World Government Summit, Palihapitiya pointed out that Bitcoin falls short in two key dimensions: privacy and fungibility, making it unsuitable as a central bank reserve asset. He explained that Bitcoin operates on a transparent blockchain, where transaction histories are permanently recorded, which can lead to certain coins being treated differently due to associations with illegal activities, undermining Bitcoin's fungibility. In contrast, gold meets the requirements of sovereign institutions for privacy and fungibility, which is why central banks continue to hold large reserves of gold.Palihapitiya believes that Bitcoin may struggle to achieve a tenfold increase in market value through central bank demand, but he remains optimistic about digital financial innovation, particularly stablecoins.

Peter Thiel has filed to sell up to 2 million shares of Palantir (PLTR) Class A stock through SEC Form 144, valued at approximately $280 million.Analysis indicates that despite the large scale of this sale, Peter Thiel will still hold about 229 million shares, which constitutes the majority of his total holdings; Palantir's stock price has recently risen significantly due to defense contracts and AI demand, and this news may trigger short-term volatility.

The Hong Kong Monetary Authority, the Shanghai Municipal Data Bureau, and the National Blockchain Technology Innovation Center of China today jointly signed the "Memorandum of Cooperation on Digitalization of Freight Trade and Finance between Shanghai and Hong Kong" to further promote in-depth cooperation between Shanghai and Hong Kong in the fields of digital empowerment of freight trade and finance, leveraging Hong Kong's unique advantages as a "super connector" and "super value creator" to facilitate internal and external connectivity, and supporting Shanghai in connecting with the international data ecosystem through Hong Kong.According to the "Memorandum of Cooperation," the Hong Kong Monetary Authority, the Shanghai Municipal Data Bureau, and the National Innovation Center will jointly research innovative cooperation in digital technology and applications, promoting innovation in the application of digital technology in freight trade, finance, and other fields. The parties will jointly explore the use of digital technology to build a "cross-border platform," carry out cross-border financial cooperation in the Ensemble project, study how to apply electronic bills of lading, and promote integration with commercial data connectivity and CargoX, using freight and trade data to drive trade financing between the two regions.

MoonPay has launched the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD).This solution combines the stablecoin infrastructure protocol of M0 with MoonPay's issuance and distribution capabilities, separating reserve management from token issuance, thereby accelerating the stablecoin launch process. Under this architecture, PYUSD, issued by Paxos Trust, serves as the underlying reserve asset, while branded stablecoins are issued by MoonPay Digital Assets. The latter has recently obtained a trust license in New York, enabling it to act as a stablecoin issuer. Developers can launch customized stablecoins without the need to build their own underlying technology and operational systems.At the time of the product launch, the market is also concerned about its compliance with the regulatory framework of the U.S. GENIUS Act and the applicability of related tokens in different jurisdictions in the future.

According to CoinTelegraph, M0, MoonPay, and PayPal will launch PYUSDx, a product designed to help developers issue custom stablecoins backed by PayPal USD.PYUSDx combines M0's universal stablecoin and digital token platform with the infrastructure of the MoonPay group, simplifying the issuance of dollar-backed stablecoins by reducing technical and operational burdens.

According to the American financial media Semafor, Paypal (PYPL.O) and Stripe are currently not in negotiations. Paypal (PYPL.O) currently has no plans to sell itself. According to insiders, Paypal has been working with bankers for months to prepare for potential activist investor actions or unwanted acquisition offers.Insiders stated that after a significant drop in PayPal's stock price, executives are facing the risk of initiating an acquisition process as a precautionary measure. Bankers began collaborating with PayPal during the tenure of former CEO Alex Chriss, who left on February 3.