Today’s Cryptocurrency News (March 31) | Major Breakthrough in Quantum Computing; U.S. Senators Propose a Crypto Mining Bill

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This article summarizes cryptocurrency news as of March 31, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin price movements, real-time crypto prices, price predictions, and more. Today’s major events in the Web3 space include:

1、F2Pool cofounder bought a Thai apartment for 2,900 BTC in 2015 and sold it recently for 7 BTC

F2Pool cofounder Wang Chun disclosed that he purchased a Naklua apartment in Pattaya, Thailand, in 2015 for 2,900 BTC, and recently sold it for 7 BTC. In BTC terms, this is only about 0.24% of the original purchase price. At the time of purchase in 2015, the BTC price was about $270; the purchase price of the apartment was equivalent to about $785,000. Based on the current BTC price of about $67,000, the original 2,900 BTC is worth roughly $194 million, while the value of the 7 BTC from the sale is about $469,000. BTC previously touched an all-time high of $126,000 in October 2025, when the peak value of 2,900 BTC was about $365 million. Wang Chun said that while living in Pattaya, he obtained a St. Kitts and Nevis passport and a U.S. visa, and he led the establishment and launch of F2Pool’s Zcash mining pool.

2、DeFi efficiency revolution? Aerodrome introduces a predictive mechanism—token allocation efficiency may improve by 80%

DeFi developer Dromos Labs announced the launch of a “Predictive Allocation” mechanism, bringing a new liquidity incentive model to its Aerodrome and Velodrome. The feature is expected to go live in July and is designed to boost token reward allocation efficiency by as much as 80% by introducing a mechanism similar to prediction markets.

According to CEO Alex Cutler, the mechanism borrows core logic from prediction markets such as Polymarket: participants make forecasts based on expected future market demand and receive higher returns according to the accuracy of their predictions. Unlike the traditional approach of using fixed weekly voting to allocate rewards, the new system allows governance token holders to adjust their votes in real time, enabling a faster response to market changes.

Currently, Aerodrome and Velodrome use a voting escrow model similar to Curve Finance, guiding liquidity into specific pools through incentive mechanisms. After the upgrade, users no longer rely solely on static votes; instead, they can set up positions in advance for pools with potential high demand, enabling better returns when demand materializes. This “forward-looking liquidity allocation” is seen as a key path to improving capital efficiency.

Meanwhile, the mechanism also aligns with the AI trend. Cutler noted that market makers, including Wintermute, have optimized their voting strategies through algorithms. In the future, as AI capabilities improve, on-chain liquidity allocation may enter an “algorithmic game” phase—where multiple agents compete for收益 based on prediction capabilities, further compressing price deviations.

This innovation is viewed as an important step by Dromos Labs in challenging Uniswap. With its new protocol Aero planned to launch on Ethereum, DeFi trading competition will shift from purely liquidity competition to a contest of “capital allocation efficiency.” For traders, more accurate liquidity distribution means lower slippage and better prices, and the market structure may therefore undergo deeper changes.

3、Gold plunges—its biggest drop in 17 years! A risk-asset logic reversal under the impact of the Iran war

Driven by ongoing turmoil in the Middle East, the gold market has seen extreme volatility. Although gold prices rebounded slightly to about $4,553 per ounce in early trading on Tuesday, the cumulative decline for the month is expected to reach 14.6%, or the largest single-month drop since the 2008 financial crisis. The Iran war has now entered its fifth week; the military and diplomatic standoff between the U.S. and Iran is still ongoing, and market uncertainty is increasing.

U.S. President Trump has recently sent easing signals, saying he is willing to end military confrontation, but at the same time warned that if negotiations fail, the scope of strikes will be expanded. At the same time, the U.S. has deployed more military forces to the Middle East, indicating that there is still a risk of escalation in the situation. Geopolitical conflicts have pushed up oil and gas prices, intensifying inflation expectations. The market is repricing the likely path of future rate hikes, which directly suppresses gold’s performance.

From an asset pricing logic perspective, gold is reverting to a traditional framework. Wayne Nutland pointed out that against the backdrop of bond yields and the U.S. dollar moving stronger in tandem, gold is once again exhibiting negative correlation characteristics. The “decoupling rally” driven by global uncertainty over the prior two years is now being corrected. In addition, Ian Barnes believes that in recent years, large inflows of institutional capital into gold have significantly amplified its volatility; once market sentiment shifts, profit-taking could quickly magnify the downside.

It is worth noting that this round of adjustment is also closely related to portfolio positioning. The market had previously been over-allocated to gold. When a stronger dollar coincided with a decline in risk appetite, capital withdrew quickly, creating a stampede effect. Similar situations occurred around 2008, when gold and other commodities fell in sync.

However, many institutions remain optimistic about the medium- to long-term outlook. Analysts believe that continued reserve diversification by central banks across countries, along with a potential easing cycle, may provide support for gold prices. Some forecasts suggest that by the end of 2026, gold could still test $5,400. But in the short term, if tensions around the Strait of Hormuz persist, gold may still face further pullback pressure. (CNBC)

4、Nakamoto sells $20 million worth of Bitcoin and takes a loss, fully clearing Metaplanet—financial pressure intensifies

Bitcoin treasury company Nakamoto (formerly KindlyMD) sold about 284 bitcoins in March 2026, totaling around $20 million, at an average price of about $70,400—about a 20% discount versus its estimated $87,519 at the end of 2025. After this reduction, the company’s bitcoin holdings fell to about 5,058 coins, down from before. The company said the proceeds will be used for business investment and to supplement working capital related to mergers and acquisitions.

Meanwhile, Nakamoto also incurred losses in the first quarter by reducing its stake in Metaplanet. The company previously bought 8 million shares at $3.75 per share for a total cost of about $30 million, but sold 5 million shares at about $2.22 this quarter, recovering about $11.1 million. The investment has been impaired; the unrealized loss is approximately $9.29 million, and the carrying value was reduced to about $20.7 million.

Financial data shows that because the Bitcoin price fell below the company’s average cost basis, it expects to record a related loss of $166.2 million in 2025 and a full-year net loss of about $52.2 million. Volatility in crypto assets has created a clear impact on its balance sheet, highlighting the risks of highly concentrated holdings.

In business strategy, Chairman David Bailey said the company will gradually exit its traditional healthcare business and pivot toward consolidating newly acquired assets such as BTC Inc and UTXO Management, strengthening its positioning in the crypto sector. This transformation reflects the company’s attempt to reshape its growth path, but near-term pressure remains.

In capital markets, Nakamoto’s stock performance has been weak. Since 2026 began, it is down about 40%, and the decline over the past six months is about 80%. The current price is around $0.21, far below the mid-2025 peak. Previously, the company received compliance warnings because its stock price had remained below the $1 threshold for a long time; it must improve performance within the specified timeframe, otherwise it faces delisting risk.

5、Keyrock completes a Series C funding round valuing it at $1.1 billion—SC Ventures leads, Ripple participates

Keyrock, a digital asset services company headquartered in Belgium, announced the completion of its Series C funding round at a valuation of $1.1 billion. This round was led by SC Ventures, a venture capital arm of Standard Chartered Bank, with blockchain infrastructure company Ripple continuing to participate as an existing investor. According to the disclosure, the round is still ongoing, and the final size could reach $100 million.

Keyrock said the new funding will be used mainly to strengthen its balance sheet, expand its business scope, and pursue strategic acquisitions to further solidify its market position in crypto financial services. Founded in 2017, Keyrock focuses on market making, asset management, over-the-counter (OTC) trading, and options services, aiming to connect traditional finance with crypto-native markets.

CEO Kevin de Patoul said the company will accelerate global expansion in 2026, focusing on improving service capabilities, expanding its customer base, and extending regional coverage in order to capture a larger market share. Currently, Keyrock operates across more than 80 trading venues worldwide, with a team size of over 200 people, serving both institutional clients and high-net-worth investors.

Notably, Keyrock acquired Turing Capital, a Luxembourg alternative investment fund management company, in 2025. This marked the formal establishment of its asset and wealth management division, further strengthening its institutional-level service capabilities. This setup allows it to expand beyond being limited to liquidity provision, transitioning toward a comprehensive financial services platform.

This funding round reflects continued capital commitment from traditional financial institutions into the digital asset space. As mainstream assets such as Bitcoin and Ethereum are gradually accepted by institutions, demand for crypto market infrastructure continues to grow. Platform-style companies like Keyrock are expected to benefit from this trend and become an important hub connecting on-chain liquidity with institutional capital. (CoinDesk)

6、JPMorgan teams up with Mitsubishi to accelerate digital asset expansion—targeting $10 billion in daily trading volume

JPMorgan plans to accelerate the development of its blockchain platform Kinexys through a new agreement with Mitsubishi, aiming to break through $10 billion in daily trading volume. Since its launch in 2020, Kinexys has processed more than $30 trillion in transactions. Its global clients include central banks, commercial banks, and multinational enterprises, and its current daily trading volume is about $5 billion.

Kinexys was originally named Onyx, and its core payment instrument is the JPMD deposit token. The token enables rapid on-chain and off-chain transfer of funds without support from intermediaries, offering instant settlement functionality similar to stablecoins, but it is not backed by assets such as government bonds; instead, it represents bank account funds. Kinexys provides an efficient solution for cross-border payments and complex fund flows, attracting interest from institutions worldwide.

Mitsubishi became the first Japanese company to adopt Kinexys. Mitsubishi’s financial controller, Kazuya Kawakami, said that efficient allocation of group funds is crucial to its global business operations. JPMorgan’s head of global business development, Zack Chestnut, said the company’s goal is to achieve a significant increase in daily trading volume in the foreseeable future while continuously expanding its customer base.

Wall Street’s traditional financial institutions’ interest in crypto and blockchain technology continues to heat up. Payment company Stripe launched blockchain services, and Mastercard has formed partnerships with more than 100 crypto and fintech companies, driving adoption of tokenization of assets and digital ledger technologies. While JPMorgan declined to comment on specific government policies, Chestnut remains optimistic about customer expansion and trading volume growth over the next 12 months.

As digital assets and blockchain technology increasingly enter the mainstream financial ecosystem, JPMorgan’s partnership with Mitsubishi is seen as an important signal of traditional banks accelerating their rollout of the digital economy, showing that large financial institutions are continuing to build up in crypto payments and global cross-border fund flows—potentially bringing new growth momentum to the market.

7、Bhutan government allegedly sells 325 BTC, worth $25.19 million

According to Onchain Lens monitoring, the Royal Government of Bhutan transferred 325 BTC (worth $25.19 million) to a wallet that previously received BTC from Galaxy Digital, apparently selling.

8、Major breakthrough in quantum computing: Shor algorithm optimization may threaten Bitcoin and Ethereum—2032 is a key timeline

Bitcoin security researcher Justin Drake recently disclosed that two research efforts related to quantum computing and cryptography have achieved key progress, potentially reshaping the crypto asset security landscape. One study, published by Google Quantum AI, optimizes the Shor algorithm to make cracking signatures based on the secp256k1 elliptic curve theoretically feasible. Under roughly 1,000 logical qubit conditions, combined with low-circuit-depth design, future high-performance quantum computers may be able to recover private keys within minutes, posing a potential threat to Bitcoin and Ethereum.

Another study comes from startup Oratomic. Its team combined a neutral-atom quantum computing architecture with physical-layer optimizations, proposing that about 26,000 physical qubits would be enough to complete the same cracking task—about 40 times more efficient than the previous approach. However, this path runs more slowly, and a single computation may take about 10 days.

Justin Drake said these two breakthroughs respectively optimize the quantum computing “logical layer” and the “physical layer.” Combined, they significantly lower the attack threshold. He expects that by 2032, the probability that quantum computers can crack certain exposed public keys may reach 10%. While the likelihood of mature, cryptography-grade quantum computers (CRQC) appearing before 2030 remains low, the industry has entered a stage where preparation must happen in advance.

From the technical details, the optimized Shor algorithm requires only about 100 million Toffoli gates, with an execution time of about 1,000 seconds, and can be further compressed to a few minutes through parallel computing. At the same time, quantum computing architectures are splitting into “fast clock” and “slow clock.” The former is suited for high-speed cracking, while the latter has advantages in cost and scalability.

It is worth noting that such research has begun using zero-knowledge proofs to hide key details, suggesting that algorithm optimizations may gradually enter a restricted disclosure phase. Although Bitcoin’s PoW is not impacted by the Grover algorithm in the short term, ECDSA and Schnorr signature schemes are becoming focal points of potential risk.

In the current environment, post-quantum cryptography R&D may accelerate. For the crypto market, this is not only a matter of technological evolution, but also about rebuilding long-term security models.

9、U.S. lawmakers push the “American Mining Act,” driving Bitcoin mining back home and creating a strategic reserve

U.S. Senators Bill Cassidy (Louisiana) and Cynthia Lummis (Wyoming) jointly introduced the “American Mining Act,” aiming to bring Bitcoin mining operations back to the United States and to incorporate the strategic Bitcoin reserve previously established by President Trump into a legal framework. The move is intended to address digital asset supply chain security issues while strengthening domestic mining infrastructure.

According to data from the Bitcoin Policy Institute, the U.S. currently accounts for about 38% of global Bitcoin hashrate, but 97% of the hardware used for mining depends on manufacturing from China. The bill proposes creating an “American Mining” certification program under which operating entities would gradually phase out equipment associated with foreign adversarial forces. The certification mechanism would be integrated into existing federal energy and rural development programs, without additional authorization for federal spending.

The bill also requires the National Institute of Standards and Technology (NIST) and the Manufacturing Extension Partnership (MEP) to support domestic manufacturers in developing energy-efficient mining hardware, to promote greener and more self-reliant development. Meanwhile, the fifth provision establishes a strategic Bitcoin reserve at the U.S. Treasury, formally converting President Trump’s earlier executive order into law and providing institutional backing for the national digital asset strategy.

Dennis Porter, CEO and cofounder of the Bitcoin Policy Institute, said the “American Mining Act” breaks dependence on foreign supply chains through the linkage of domestic manufacturing, certified mining, grid strengthening, and a strategic Bitcoin reserve—safeguarding the U.S.’s security and competitiveness within the global digital asset ecosystem.

The progress of this bill marks a major shift for the U.S. on Bitcoin mining and its digital asset strategy. It could stimulate domestic mining investment and technological innovation while enhancing national energy security and financial autonomy. After the policy is issued, domestic mining companies and investors will closely watch the details of certification and the construction progress of the strategic reserve, which could become an important variable in the future Bitcoin supply landscape.

10、Stock price down 90% but still hoarding like crazy! ABTC holdings by the Trump family exceed 7,000 BTC—Bitcoin strategy questioned

American Bitcoin Corp (ABTC), a mining company owned by the Trump family, continues to increase its Bitcoin holdings. The total now exceeds 7,000 coins, which is worth about $470 million at current prices. Despite ongoing expansion on the asset side, the company’s stock price has continued to weaken, creating a clear divergence.

By the end of March 2026, ABTC’s stock price had fallen to $0.81, approaching its historical low of $0.6275. Since it listed in 2025, the cumulative decline has been close to 90%. By contrast, the company’s Bitcoin reserves grew nearly threefold from about 2,443 coins at the time of listing, putting it among the top ranks of publicly traded companies holding Bitcoin worldwide.

Strategically, ABTC continues to increase its holdings through two paths: “mining + market buys.” Eric Trump said the company is expanding its reserves in parallel with discounted mining and disciplined buying, and the amount of Bitcoin held per share has also increased significantly—strengthening its narrative logic of “turning Bitcoin into an asset.”

However, the capital market’s reaction has not been favorable. The company’s financial report shows that in Q4 2024, it recorded a net loss of more than $59 million, while it was still profitable in the same quarter of the prior year. Combined with Bitcoin’s retreat of nearly 50% from its historical peak, profitability and asset valuation have been under pressure at the same time—becoming an important reason why the stock price continues to fall.

ABTC’s path to listing is also complex: it was formed through a merger of Trump family entities with the mining firm Hut 8, and then completed its listing through a share-swap transaction with Gryphon Digital Mining. While this structure accelerates capital operations, it also increases market scrutiny of its governance and profitability model.

Currently, the Bitcoin price is trading in a range around $66,000. For investors, ABTC’s core contradiction is: can its continuously expanding Bitcoin reserve offset operating losses and ultimately translate into returns for shareholders? In the short term, the market is more focused on cash flow and profitability rather than the scale of accumulating a single asset.

11、Valinor completes a $25 million funding round: private credit on-chain accelerates—RWA sees another key player

On-chain private credit platform Valinor, founded by a former Blackstone team, announced the completion of a $25 million seed round. The round was led by Castle Island Ventures, with participation from Susquehanna’s crypto division, Maven11, and founders of TeraWulf. The funding will be used to expand the loan book, grow its customer network, and strengthen the team and technical capabilities.

Valinor’s core approach is to migrate processes in traditional private credit—currently dependent on manual review and spreadsheet-based collaboration—to the blockchain, using smart contracts to automate capital allocation, clause execution, and repayment triggers. This model turns originally fragmented and inefficient back-office operations into on-chain logic execution, improving transparency and settlement efficiency while reducing the risk of human error.

In terms of go-to-market, Valinor does not directly move into the entire enterprise credit market; instead, it prioritizes serving crypto companies, positioning the platform as a testbed for its on-chain underwriting and risk-control models. The platform has already provided loans to multiple fintech and crypto firms, indicating it is no longer in a conceptual phase but has entered an operational cycle.

From an industry trend perspective, private credit is becoming one of the important directions for tokenizing real-world assets (RWA) on-chain. Compared with traditional quarterly disclosures and low-frequency data updates, on-chain structures enable near real-time monitoring of collateral and cash flows, giving lenders higher information transparency. At the same time, the hybrid model of “off-chain underwriting + on-chain execution” is gradually becoming the mainstream path for institutional DeFi exploration.

However, Valinor still needs to address key challenges: how to validate the stability of smart contracts in complex credit scenarios, and how to convince traditional capital that on-chain mechanisms optimize rather than amplify risk. If this model can be scaled and replicated, the significance of its funding may go beyond a single project—becoming an important signal for rebuilding private credit infrastructure.

12、Google quantum breakthrough—shocking crypto security? Bitcoin and Ethereum face potential cracking risk

Google’s Quantum AI team released a new white paper proposing a quantum attack scheme that can significantly reduce the cost of cracking elliptic curve cryptography (ECDLP-256), drawing intense attention from the crypto industry. Team members include Justin Drake, a researcher at the Ethereum Foundation, and Dan Boneh, a cryptographer. For security reasons, Google did not publish the full attack circuit; instead, it provided zero-knowledge proofs to verify feasibility.

According to the paper, the quantum circuit designed by the team requires only about 1,200 to 1,450 logical qubits, combined with 70 million to 90 million operations, to complete the attack task. This reduces the required resources by about 20 times compared with prior estimates of roughly 10 million physical qubits. This means the threat that quantum computing poses to blockchain cryptography mechanisms is accelerating toward reality. The head of the Google quantum algorithm, Ryan Babbush, and Vice President Hartmut Neven said hiding the specific circuit details is intended to avoid giving potential attackers a direct tool.

The research poses potential risks to mainstream blockchains such as Bitcoin, Ethereum, and Solana. The report notes that Bitcoin alone has about 1.7 million wallets whose public keys are already exposed; if more script types are included, the risk scale could be up to 2.3 million wallets. Structures such as smart contracts and staking systems could also be affected by quantum attacks.

Industry figures reacted strongly. Haseeb Qureshi, managing partner at Dragonfly Capital, said the research is “very serious,” and Nic Carter, cofounder of Castle Island Ventures, warned that the quantum threat is no longer just theoretical. Google has set a target timeline for migrating its own systems to post-quantum cryptography by 2029, indicating that the technical window is shrinking.

Analysts believe that as quantum computing capabilities improve, crypto networks must推进 post-quantum cryptography upgrades as quickly as possible; otherwise, existing security models may face systemic challenges. The market’s focus is shifting: before quantum technology matures, whether Bitcoin and Ethereum can complete key defensive transformations.

13、Ant Group completes the acquisition of Yaocai Securities for HKD 2.814 billion, obtaining 50.55% equity

On March 31, Ant Group completed the settlement of its acquisition of Yaocai Securities, a Hong Kong stablecoin-concept stock. The company obtained 50.55% equity for HKD 2.814 billion. After the transaction was completed, Yaocai Securities’ board of directors underwent a comprehensive reorganization. Current Ant Group equity wealth management overseas business preparation group leader Zheng Yanlan, current senior vice president of Ant Group Huang Hao, current CFO of Ant Group Liu Zheng, and others were appointed as executive directors.

14、Anchorage Digital and Chainlink Labs jointly support new crypto PAC to prepare for the 2026 midterm elections

According to The Block, Anchorage Digital and Chainlink Labs jointly funded a newly established political action committee called the “Blockchain Leadership Fund.” This is Anchorage Digital’s first participation in PAC financing. The fund plans to support candidates who will advance digital asset and blockchain policy ahead of the midterm elections, and it will also actively carry out voter education activities. At present, the crypto legislative process in the U.S. Congress has been stalled; in the Senate Banking Committee, there is disagreement between stablecoin regulation and the banking industry. Meanwhile, the crypto advocacy group Stand With Crypto has launched a digital asset stance scoring system for legislators, continuing to rally support for the industry in preparation for the 2026 election.

15、Bitdeer clears its Bitcoin reserves to pivot to AI, signs with Norway’s DCI to build the country’s largest AI data center

Bitcoin miner Bitdeer (Nasdaq ticker: BTDR) announced that its subsidiary Tydal Data Center AS (TDC) and Norwegian contractor Data Center Installations AS (DCI) have reached an agreement to retrofit existing facilities into Norway’s largest AI data center, mainly to support Nvidia’s next-generation Vera Rubin AI technology. At the same time, Bitdeer has cleared its Bitcoin reserves and plans to raise $300 million by issuing convertible preferred notes to support its strategic shift toward high-performance computing and AI infrastructure.

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