The Sui Foundation has introduced Hashi, a decentralized primitive designed to 
enable compliant, BTC-backed lending and yield opportunities for institutional 
and retail participants. On 19 March 2026, the Sui Foundation announced the 
upcoming devnet launch of Hashi, a Sui-based primitive that integrates native 
bitcoin ( BTC) into onchain financial services. Industry giants including 
Bitgo, Bullish, […]

Sui Foundation and Industry Giants Launch Hashi Bitcoin Finance Primitive

Data shows the Bitcoin perpetual futures market has seen a negative Funding 
Rate recently, suggesting a bearish sentiment is dominant. Bitcoin Perpetual 
Futures Traders Are Betting On The Short Direction As highlighted by Glassnode 
analyst Chris Beamish in an X post, the Bitcoin perpetual futures Funding Rate 
has been negative recently. The &#8220;Funding Rate&#8221; here refers to an indicator 
that measures the amount of periodic fee that traders on the various 
centralized derivatives exchanges are paying each other right now. Related 
Reading: Bitcoin Demand Heats Up: Coinbase Premium Green For 25 Straight Days 
When the value of the metric is positive, it means the long holders are paying 
a premium to the short ones in order to hold onto their positions. Such a 
trend implies a bullish sentiment is shared by the majority. On the other 
hand, the indicator being under the zero mark implies the shorts outweigh the 
longs and a bearish mentality is the dominant force in the perpetual futures 
market. Now, here is the chart shared by Beamish that shows the trend in the 
3-day moving average (MA) of the Bitcoin Funding Rate over the past few 
months: As displayed in the above graph, the 3-day MA of the Bitcoin Funding 
Rate was positive earlier even as the cryptocurrency&#8217;s price went through a 
bearish shift. This suggests that perpetual futures traders were trying to bet 
on a market reversal back to a bullish trend. In March so far, BTC has found 
some stability and made some recovery, but from the chart, it&#8217;s visible that 
the market expectations have now flipped, with shorts instead dominating. This 
also didn&#8217;t change during BTC&#8217;s recent rally above $75,000. Generally, the 
side of the market that&#8217;s stronger is more vulnerable to mass liquidation 
events. As such, while the long investors were getting squeezed during the 
downtrend, it could be the short ones who might be at risk now. In some other 
news, Glassnode has revealed in its latest weekly report how a supply gap 
exists between the $72,000 and $82,000 levels on the UTXO Realized Price 
Distribution (URPD). The URPD tells us about the total amount of supply that 
was last moved at the various price levels visited by Bitcoin in its history. 
From the chart, it&#8217;s apparent that this indicator shows a chasm near the 
recent price levels, implying not a lot of supply has cost basis there. 
Related Reading: Bitcoin Long-Term MVRV Remains In ‘Opportunity’ Zone: Data 
Generally, supply walls above the spot price act as resistance levels as 
investors exit at their break-even level fearing price pullbacks. Though, 
while there isn&#8217;t much in the way of this on-chain resistance until $82,000, 
BTC&#8217;s recent attempt to get through the range still ended up in failure. BTC 
Price Bitcoin has dropped back to the $70,400 level following its latest 
retrace. Featured image from Dall-E, chart from TradingView.com

Bitcoin Bearish Positioning Persists As Funding Rates Hold Negative

Apex Group and Coinbase Asset Management have debuted a tokenized bitcoin 
yield fund on the Base network to modernize fund distribution. On 19 March, 
2026, Apex Group Ltd and Coinbase Asset Management (CBAM) announced the launch 
of the tokenized Coinbase Bitcoin Yield Fund on the Base blockchain. This 
collaboration utilizes the ERC-3643 permissioned token standard […]

Apex Group and Coinbase Asset Management Launch Tokenized Bitcoin Fund

Britain’s company register has moved to dissolve cryptocurrency exchange 
Zedxion, accused of processing funds for Iran’s Islamic Revolutionary Guard 
Corps. According to a notice published on its website, Britain’s company 
register, Companies House said Zedxion has been shut down due…

UK shuts down crypto exchange Zedxion after sanctions probe ties platform to Iranian networks

The crypto market held close to the $2.5 trillion market cap with no signs of 
movement as traders reassess their positions amid the current market 
environment. Bitcoin (BTC), the so-called digital gold asset, has stalled 
shortly after reclaiming the $70,000…

Cryptocurrency price in MMK