According to Arthur Hayes, Bitcoin’s price is expected to reach $110,000 before retesting the $76,500 range, pointing to ease the US more favorable monetary policy conditions set to strengthen risk assets, including the world’s first cryptocurrency.
Still, the decentralized finance (DEFI) industry has earned another hit after unknown whales misused their over-hemoacid acid algorithms to generate more than $6 million in profits in the Memecoin short position.
Bitcoin achieving $110,000 before $76,500 – Arthur Hayes
Bitcoin could reach its new highest high of $110,000 before a major retracement.
Bitcoin (BTC) rose for the second consecutive week, slightly above $86,000 on March 23rd.
According to Arthur Hayes, co-founder of Maelstrom and chief investment officer of Maelstrom, this could set the Bitcoin meeting stage at an all-time high, combined with inflation-related concerns.
BTC/USD, one-week chart. Source: Cointelegraph/TradingView
Hayes wrote in a post on March 24th X:
“$BTC hits $110K before reaching $110K to $110K. Y? The Fed is progressing from QT to QE for the Treasury. Jaypo told me that.”
sauce: Arthur Hayes
“That means the price is likely to be next to $110,000 than $76.5k. If it reaches $110K, it’s Yotsy’s time and we won’t look back to $250,000,” Hayes added to the Follow-Up X-Post.
Quantitative tightening (QT) means that when the US Federal Reserve shrinks its balance sheet by selling bonds or maturing revenues without reinvesting, quantitative easing (QE) means that the Fed is buying bonds and encouraging the economy to lower interest rates and spending during difficult financial conditions.
Other analysts noted that while the Fed is slowing down its QT, it has not yet been fully pivoted to mitigation.
“QT isn’t basically ‘basically done’,” according to Benjamin Cowen, founder and CEO of IntotheCryptoverse.
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High Liquid Whale Holds 10% of Jelly Memokine after a $6.2 million exploit
According to analysts on the blockchain, the price of jelly jelly my jelly (jelly) Memecoin is said to still hold tokens worth around $2 million, the crypto whale is
The unidentified whales made profits of at least $6.26 million by utilizing high lipid liquidation parameters.
According to a posthumous report by blockchain intelligence company Arkham, the whale opened three large trading positions within five minutes.
sauce: Arkham
When the price of the jelly rose 400%, the $4 million short position was not immediately liquidated due to its size. Instead, it was absorbed into a high degree of freedom provider Vault (HLP), designed to settle large locations.
According to blockchain investigator ZachxBT, the entity could still hold a supply of tokens worth around $2 million.
“Five addresses linked to the entities that manipulated the jelly hold ~10% of the jelly supply in Solana (over $1.9 million). All jelly was purchased after March 22, 2025,” he wrote in a telegram post on March 26th.
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Fidelity Plans Stablecoin launches after Sol ETF “Regulatory Litmus Test”
Fidelity Investment reportedly signal the latest push to digital assets at the final stage of testing stave-loop coins imposed in the US dollar in a more lucrative crypto-regulated environment under the Trump administration.
The $5.8 trillion asset manager is set to launch Stablecoin through its cryptocurrency division, Fidelity Digital Assets, according to a March 25 report by the Financial Times, citing anonymous sources familiar with the issue.
The development of Stablecoin is reportedly part of asset managers’ wider drive towards crypto-based services. Fidelity has also launched an Ethereum-based “Onchain” share class, a US dollar money market fund.
Fidelity’s March 21 filing with the U.S. Securities Regulatory Authority said the Onchain Share class would help track transactions for the Fidelity Treasury Digital Fund (FYHXX), a $80 million fund consisting almost entirely of US Treasury bills.
The submission of the Onchain Share class is pending regulatory approval, but is expected to take effect on May 30, Fidelity said.
Fidelity submission to register a tokenized version of the Fidelity Ministry’s Digital Fund. sauce: Securities and Trade Commission
More and more US financial institutions are beginning to offer cryptocurrency-based offerings after President Donald Trump’s election showed policy changes.
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Faced with polymekhets beyond Ukrainian mineral trade bets of over $7 million
Polymarket, the world’s largest decentralized forecasting market, is being attacked after controversial results raised concerns about potential governance manipulation in high-stakes political bets.
The betting market on the platform asked if US President Donald Trump would accept a rare earth minerals contract with Ukraine by April. Although no such events occurred, the market was resolved as “yes”, causing a backlash from users and industry observers.
This could refer to a “governance attack” in which the UMA protocol whales can use their voting power to manipulate oracles, and the market can resolve false outcomes and successfully earn profits.
“TYCOON throws 5 million tokens across three accounts, accounting for 25% of the total vote. Polymet is committed to preventing this from happening again,” he wrote on the X Post on March 26th.
sauce: Vladimir S.
Polymarket uses external data using blockchain oracles in the UMA protocol to resolve market outcomes and verify real events.
Multi-tiered data shows that the market accumulated more than $7 million in trading volume before settlement on March 25th.
Pool of mineral trade polymeric in Ukraine/US. sauce: Polymate
Still, not everyone agrees that it is a coordinated attack. Tenadome, a multi-layered user of pseudonyms, said the outcome was the result of negligence.
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DWF Labs launches a $250 million fund for mainstream crypto adoption
Dubai-based Crypto Market Maker and Investor DWF Labs have launched a $250 million liquid fund to accelerate the growth of intermediate and large blockchain projects and drive real-world adoption of Web3 technology.
DWF Labs is set to sign two investment transactions worth $25 million and $10 million as part of the fund.
The initiative aims to expand the crypto landscape by providing strategic investments of $10 to $50 million in projects that could drive actual adoption, according to a March 24 announcement shared with the Cointelegraph.
Source: DWF Lab
According to Andrei Grachev, managing partner at DWF Labs, the fund will focus on blockchain projects with “ease of use and discoverability.”
“We are focusing support from midcap to most projects, tokens and platforms that normally serve as entry points for retail users,” Grachev told Cointelegraph, adding:
“But great technology and utilities aren’t enough. Users need to first discover these projects, understand their value, and build trust.”
“We believe that strategic capital, coupled with practical ecosystem development, is key to unleashing the next wave of growth in the industry,” he said.
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Overview of Defi Market
Most of the 100 largest cryptocurrencies by market capitalization ended in a week on Green, according to data from Cointelegraph Markets Pro and TradingView.
Of the top 100, BNB Chain Native 4 (form) tokens rose by more than 40% as the biggest winner of the week, followed by Cronos (CRO) tokens, which rose by more than 37% on their weekly charts despite blockchain investigators accusing them of manipulating the supply of Cro tokens.
Total value locked with Defi. Source: Defilama
Thank you for reading this week’s most impactful Defi development summary. See more stories, insights and education about this dynamic space next Friday.
