Ripple has expanded its presence in the UAE by opening a new Middle East and 
Africa headquarters in Dubai, increasing its capacity to grow its regional 
operations. According to Ripple, the office is based in the Dubai 
International Financial Centre…

Ripple opens Dubai HQ to double Middle East and Africa team amid demand surge

Mezo has launched an institutional-grade product designed to help corporate 
treasuries earn yield and access lending on their bitcoin holdings. Key 
Takeaways: Mezo and Anchorage Digital Bank launched Mezo Prime to provide 
bitcoin yield to corporate treasuries. Over 1,000,000 bitcoin currently 
sitting idle in custody can now access protocol yield without commingling. 
Bullish has deployed […]

Mezo Launches Mezo Prime as Bullish Deploys 250 BTC Into Yield Vaults

Meteora reported a $1.5M OTC scam loss during MET buybacks, while Q1 cash flow 
reached $18.3M and treasury closed at $32.8M.

Meteora reports $1.5 million OTC scam loss in Q1 MET report

Shinhan Card has entered a partnership with the Solana Foundation to develop 
and test stablecoin-based payment systems on blockchain infrastructure. 
According to a press release from Shinhan Card, the company has begun an 
advanced proof-of-concept this year to simulate real-world…

Solana joins South Korea’s Shinhan Card to test stablecoin payments

Fidelity Digital Assets says Bitcoin’s latest drawdown has pushed the market 
into a zone that has historically aligned with accumulation phases, even as 
its momentum signal remains negative and broader crypto risk appetite stays 
narrow. In its Signals Report Q2 2026, Fidelity’s research team described a 
market still working through a corrective phase rather than entering a broad- 
based expansion. Bitcoin remains the dominant source of unrealized 
profitability across the digital asset complex, while other major assets 
continue to stabilize after a sharp reset in Q1. Fidelity Says Bitcoin Looks 
Undervalued The report’s clearest Bitcoin price signal comes from the asset’s 
“Yardstick,” a valuation framework that compares Bitcoin’s market 
capitalization to hash rate. Fidelity rated the metric positive, noting that 
falling prices and a pullback in hash rate have pushed the indicator into what 
it calls an “undervalued” zone. Related Reading: Bitcoin $90,000 Predictions 
Surge Across Social Media—Contrarian Signal? “Historically, this undervalued 
zone has aligned with accumulation phases and relative bottoms,” the report 
stated. According to Fidelity, Bitcoin spent 71 of the previous 91 days, or 
78% of the period, below negative one standard deviation of the Yardstick’s 
mean. The condition first appeared in October 2025 and was amplified by two 
cold-weather events in the United States that temporarily curtailed mining 
activity as operators reduced power usage to support local grid stability. 
That nuance matters. Fidelity does not frame the hash-rate decline purely as a 
sign of deteriorating miner confidence. The report said some analysts have 
linked the decline to miners shifting toward AI workloads, but argued the move 
could also reflect demand-response programs, especially in regions such as 
Texas where miners routinely power down during peak grid demand. The price 
backdrop remains difficult. Fidelity’s momentum signal for Bitcoin turned 
negative on October 18, 2025, when BTC traded near $107,000. Since then, 
Bitcoin has fallen roughly 36%, with most of Q1 2026 spent in a defined range 
between $62,500 and $76,022. The firm said that pattern is more consistent 
with consolidation than a renewed trend. “This signal is not designed to 
identify precise tops or bottoms,” Fidelity wrote, adding that the current 
reading points to stabilization rather than fresh upside momentum. Bitcoin’s 
NUPL score also reflects a cautious market. Fidelity said BTC’s net unrealized 
profit/loss stood at 0.21 at the end of Q1 2026, placing investors in the 
“Hope-Fear” zone. That reading suggests some holders remain in profit, but the 
market has not yet established broad conviction that a durable bottom is in 
place. The historical setup is more constructive. Fidelity found that prior 
periods when Bitcoin’s NUPL hovered around 0.21, plus or minus 0.01, coincided 
with a median one-year return of 63% and a three-year compound annual growth 
rate of 74%. The firm emphasized, however, that these historical relationships 
may weaken or fail to persist, particularly when macro conditions dominate 
digital asset flows. Related Reading: Bitcoin To $125,000: Arthur Hayes Says 
The Setup Is Turning Bullish Separately, Fidelity’s Jurrien Timmer pointed to 
a more tactical Bitcoin setup, sharing a chart that shows BTC testing the 
upper boundary of what he described as a potential bear flag. The chart places 
Bitcoin near $79,486 after its rebound from the February low around $60,033, 
with momentum indicators moving back into overbought territory. Timmer framed 
the current setup as an important technical test. “Technical Analysis 101 
states that when bear market rallies get overbought, it’s usually the kiss of 
death and time to sell,” he wrote. “However, during bull markets overbought 
momentum means that the market is strong and likely to stay strong.” His 
conclusion sharpened the price question raised by Fidelity’s broader report: 
whether Bitcoin is still trapped in a corrective structure or beginning to 
transition into a new bull phase. “If Bitcoin cannot be pulled down by this 
current combination of overbought momentum and trendline resistance, then this 
is an emerging bull market and not a bear market rally,” Timmer said, adding 
that this has been his “hunch all along” and “may be about to get confirmed.” 
At press time, BTC traded at $76,036. Featured image created with DALL.E, 
chart from TradingView.com

Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

South Korea-based crypto venture firm Hashed has secured regulatory approval 
to operate from Abu Dhabi Global Market, expanding its presence into the 
Middle East’s regulated financial zone. According to a company announcement, 
Hashed’s group entity, Hashed Global Management Limited, has…

Cryptocurrency price in GBP

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