Morgan Stanley turned up the heat in the bitcoin exchange-traded fund (ETF) 
race with a low-fee launch, while Starkware outlined a way to make bitcoin 
transactions quantum-safe without changing the protocol. In Washington, 
Treasury Secretary Scott Bessent renewed pressure to pass the Clarity Act as 
Anthropic unveiled an unreleased AI model that found serious bugs […]

Morgan Stanley Joins ETF Game, Bitmine Trades on NYSE, And More – Week In Review

Bitcoin&#8217;s weekly chart is showing an uncomfortable comparison to one of the 
most brutal sell-offs in its history, and at least one analyst believes the 
worst may still be ahead. This technical outlook is looking at the current 
price action as a mirror of the 2022 macro fractal sequence that sent Bitcoin 
from $69,000 to a cycle low near $15,500, implying that the current cycle 
could see a similar drop. Related Reading: Bitcoin ETF Hype Hits Ceiling, 
Sharp Drop Risk Emerges: Analyst A 2022 Repeat? The Fractal That Raises 
Concerns Crypto analyst philarekt posted a warning on X this week, identifying 
what he described as &#8220;the most dangerous macro fractal&#8221; currently playing out 
in Bitcoin&#8217;s price structure. The technical case rests on a side-by-side 
comparison of two weekly Bitcoin charts: the 2021 to 2023 cycle on the left 
and the current cycle on the right. In the 2021 chart, Bitcoin reached a peak 
price above $69,000 and proceeded to form a 3-tap structure, which are three 
distinct lower highs arranged within a descending channel, each bounce 
rejected before a final capitulation leg lower. The price ultimately fell 34% 
from the final tap to the absolute cycle bottom in a move that caught many 
market participants off-guard. The current chart, with a cycle peak at 
$126,000 in October 2025, shows the same architecture forming in almost 
identical proportion. Both the 2022 and 2026 panels show Bitcoin respecting a 
slanted resistance line at the top while gradually falling within a downward 
channel. Each bounce fails to break out, and eventually the price has created 
successive lower lows. Bitcoin Price Chart. Source: @philarekt On X What 
Happens If The Fractal Completes? The weekly RSI, which tracks momentum, is 
following the same pattern observed in 2022. Lastly, there’s a moving average 
death cross on the Bitcoin price chart, where the short-term average has 
crossed below a long-term average. This death cross appeared in early March 
when the 50 Simple Moving Average (SMA) crossed below the 200 Simple Moving 
Average (SMA). An equivalent 50/200 SMA death cross appeared in 2022 after 
Bitcoin was already down 58% from its high, and the cryptocurrency then 
declined a further 46% before finding a bottom. If the sequence continues to 
play out as outlined, Bitcoin could be heading to a final capitulation move 
into the range between $40,000 and $50,000. At the time of writing, Bitcoin is 
trading at $72,756, up by 1.7% in the past 24 hours. The projected decline is 
taken directly from the 2022 template: a 34% decline from the current price 
zone would place the Bitcoin price within that range. Related Reading: Cardano 
In Danger Zone? Trader Drops ‘Time Bomb’ Claim However, the outlook is not 
entirely bearish after that scenario. The same fractal that points to a 
breakdown also points to what comes next. The capitulation in 2022 led the 
transition into accumulation that built the foundation for the next bull 
cycle. Featured image from Pexels, chart from TradingView

Bitcoin Flashes ‘Dangerous’ Macro Fractal – What To Expect For Price

The Office of the Comptroller of the Currency handed Coinbase a national bank 
trust charter last week — a major regulatory win that came as the crypto 
exchange&#8217;s CEO was ramping up pressure on Congress to finalize long-stalled 
digital asset legislation. Related Reading: XRP Eyes $17 After Massive 
Breakout—Is A 1,100% Surge Next? Armstrong Reverses Course On Clarity Act 
Brian Armstrong, who pulled Coinbase&#8217;s backing from the Digital Asset Market 
Clarity Act back in January, is now calling on lawmakers to pass it. In a post 
on X, Armstrong said the bill, as it stands after months of negotiation, is 
strong enough to move forward. &#8220;It&#8217;s time to pass the Clarity Act,&#8221; he wrote. 
His change of heart follows an op-ed by US Treasury Secretary Scott Bessent in 
the Wall Street Journal, in which Bessent urged Congress to act without 
further delay. Armstrong said Coinbase agreed with the Treasury chief&#8217;s 
position. We agree. Thank you @SecScottBessent for saying it. It&#8217;s time to 
pass the Clarity Act. Grateful for all the bipartisan work among Senators and 
staff over the past several months to make this a strong bill. 
https://t.co/jHoZ1bfLVZ pic.twitter.com/YBKebDkq8B — Brian Armstrong 
(@brian_armstrong) April 10, 2026 Three months ago, the story looked very 
different. Armstrong had objected to the bill&#8217;s language, and his withdrawal 
of support was enough to push Senate Banking Committee members to delay a 
scheduled markup vote. Issues around stablecoin yield, tokenized equities, and 
ethics provisions were among the sticking points holding things up. 
Negotiations Inch Toward A Deal Progress has been slow but appears to be 
moving. Coinbase&#8217;s chief legal officer, Paul Grewal, said last week that 
lawmakers were very close to reaching an agreement. The Senate Agriculture 
Committee already approved the bill in January, clearing one of two key 
hurdles. The Senate Banking Committee has yet to schedule its own markup, 
which must happen before the full chamber can vote. Both panels are 
responsible for different parts of the bill — one covering securities rules, 
the other commodities regulations. Getting the bill through will require 
alignment from both sides of a complicated regulatory divide. Crypto 
executives and banking industry representatives have all had a hand in shaping 
the current draft through direct talks with administration officials. Crypto&#8217;s 
Reach In Washington Continues To Grow Coinbase is not the only company that 
has benefited from a friendlier political climate. Paxos, Ripple Labs, BitGo, 
Circle, and Fidelity Digital Assets all received similar charter approvals in 
December. Related Reading: Bitcoin ETF Hype Hits Ceiling, Sharp Drop Risk 
Emerges: Analyst Reports indicate Armstrong met personally with US President 
Donald Trump before Trump publicly called for quick action on crypto market 
structure rules. Ripple executives have also been part of White House 
discussions on the bill. Whether the Senate Banking Committee moves quickly 
remains to be seen. But with the Treasury Secretary, the White House, and now 
Coinbase&#8217;s CEO aligned behind the legislation, the pressure on Congress to act 
is real. Featured image from Thana Prasongsin/Getty Images, chart from 
TradingView

Crypto Regulation Heats Up As Coinbase CEO Supports CLARITY Act

First Lady Melania Trump’s unexpected White House address forcefully denying 
any ties to disgraced financier Jeffrey Epstein and her unprecedented call for 
congressional hearings for his victims has sparked a political firestorm. In a 
surprise April 9 announcement, the first lady addressed reporters at the White 
House to categorically dismantle rumors regarding her past. She […]
The post Melania Trump’s surprise Epstein denial fails to halt 99% crash of 
her memecoin appeared first on CryptoSlate.

Melania Trump’s surprise Epstein denial fails to halt 99% crash of her memecoin

Bitwise Asset Management filed another amendment to its pending U.S. spot 
exchange-traded fund (ETF) for Hyperliquid’s HYPE token this week, 
reconfirming its BHYP ticker and 0.67% management fee as Bloomberg senior ETF 
analyst Eric Balchunas signaled a launch could be imminent. Key Takeaways: 
Bitwise filed a second amendment for its BHYP ETF on April 10, […]

Cryptocurrency price in PKR