Welcome to Latam Insights, a compilation of the most relevant crypto news from 
Latin America over the past week. In this edition, a bill to criminalize 
crypto-linked foreign currency tax evasion surges in Brazil, El Salvador 
finalizes its Bitcoin Diploma 2.0 educational program, and Engie mulls adding 
bitcoin mining to its operations in Brazil. Bill […]

Latam Insights: Brazil Introduces Crypto Tax Evasion Bill, El Salvador Finalizes New Bitcoin Diploma Program

The US military reportedly relied on Anthropic’s Claude AI for intelligence 
analysis and targeting during an Iran strike hours after Trump ordered a ban 
on the company’s systems.

US military used Anthropic in Iran strike despite ban order by Trump: WSJ

Moonpay and the universal stablecoin platform M0 have introduced PYUSDx, a 
framework that allows developers to launch their own branded stablecoins 
backed by Paypal USD (PYUSD). Announced on February 27, 2026, PYUSDx is 
designed to eliminate the months of technical and regulatory overhead usually 
required to bring a new stablecoin to market. By using PYUSD—issued […]

Moonpay, M0, and Paypal Launch ‘PYUSDx’ to Power Application-Specific Stablecoins

With the Bitcoin price evidently in a bear cycle, there were not a lot of 
positives to take from the market&#8217;s performance in the past month. According 
to a recent on-chain observation, March seems set to be a continuation of the 
worrying trend, as a relevant metric paints a bearish picture for the world&#8217;s 
leading cryptocurrency. Whale Activity Rouses Expectations Of Sell Pressure In 
a recent Quicktake post on the CryptoQuant platform, analyst Arab Chain 
revealed a critical change in Bitcoin&#8217;s whale behavior, as reflected on the 
Binance Whale To Exchange Flow. This metric tracks the total amount of Bitcoin 
transferred by large holders into Binance over a 30-day period. Related 
Reading: Bitcoin ETF Investors Show Diamond Hands: Only $6.5B In Outflows 
Since October 10 According to Arab Chain, the whale inflow to Binance, the 
world&#8217;s largest cryptocurrency exchange by trading volume, spiked to as high 
as $8.8 billion, marking an expansion toward new highs not seen since early 
2022. Interestingly, this surge in exchange inflows was seen at the same time 
Bitcoin was trading at around $64,000. Arab Chain further explained that the 
sudden, large exchange inflows from these BTC whales suggest a significant 
rise in the activity of this investor group. According to historical data, 
these large movements to trading platforms indicate the intentions of whales 
to sell. However, more than just a signal of potential sell pressure, this 
event could also be an indication that Bitcoin&#8217;s whales are reallocating their 
positions. Regardless of the prevalent intent among this investor group, it 
appears that these whales are preparing for a major move or shift in the 
Bitcoin market. Arab Chain also referenced observations from comparing the 
current move to that which occurred in 2021. According to the analytics group, 
2021 “saw price peaks followed by sharp corrections after waves of large whale 
inflows to exchanges.” — and because this is recurring today, it might be a 
sign of “increased potential selling pressure, or at least a willingness among 
large investors to manage risk at elevated price levels.” But then, Arab Chain 
pointed out that surges in exchange inflows do not necessarily mean a bearish 
period would follow, as some cycles only witnessed high volatility before 
price continued to expand. Nonetheless, the present conditions reveal that the 
Bitcoin market is at a “crossroads,” where its price action in the coming 
weeks could be pivotal in determining what&#8217;s next for the asset. Bitcoin Price 
At A Glance At the time of this writing, the price of BTC stands at $67,960, 
reflecting a nearly 3% jump in the past 24 hours. Related Reading: Bitcoin 
Historical Cycle Pattern Points To $31,500 Bottom Target – Details Featured 
image from Shutterstock, chart from TradingView

Bitcoin Whale Inflows On Binance Reach Highest Level Since 2022

After dipping below $1,800 earlier in the month, the price of Ethereum has 
since reclaimed the $2,000 level, which is considered a psychological support 
zone for many traders. Over the past week, though, the price showed mild 
downward pressure, struggling to hold sustainably above the $2,000 level. 
Whale Activity Signals Potential Volatility Surge In Ethereum Markets In a 
post on the X platform, crypto analyst Joao Wedson stated that there has been 
a major shift in the behavior of Ethereum’s large holders. The market pundit 
also pointed out that something deeper may be happening under the surface. 
Related Reading: Vitalik Buterin Lays Out A Plan To Make Ethereum 1,000 Times 
More Capable Wedson asserted that wallet addresses holding between 100,000 and 
1,000,000 ETH have significantly reduced their holdings over the past 90 days, 
showing that big holders are selling or moving large amounts of ETH. What&#8217;s 
more interesting is that this shave-off is happening from non-exchange whale 
wallets. In other words, major private ETH holders, institutions, or early 
investors may be actively decreasing their exposure, and this could indicate 
profit-taking, risk-off positioning, or preparation for volatility. All in 
all, Wedson noted that when this group of whales begins to unwind positions, 
it often means that a structural shift is occurring beneath the surface. As of 
this writing, the price of Ethereum stands at around $2,010, showing an almost 
5% jump in the past 24 hours. Slumping Global Backdrop Affecting ETH Most 
According to a recent on-chain observation, this strategic move by ETH large 
holders could be connected to the worsening macroeconomic conditions. 
Pseudonymous analyst Darkfost, in a Quicktake post on the CryptoQuant 
platform, revealed that the global economic backdrop is slowly losing 
momentum, and Ethereum seems to be the most impacted altcoin so far. Starting 
with the risk-off global climate, Darkfost referenced the core Producer Price 
Index (PPI), which measures inflation at the wholesale level. The Core PPI MoM 
at +0.8% confirmed persistence of inflation, suggesting that the Federal 
Reserve is unlikely to cut interest rates soon, which is unfavorable for risk 
assets. On top of that, the rising tension between the United States and Iran 
increases geopolitical uncertainty. On Saturday, the US and Israel announced 
military actions against Iran, which sent crypto prices tumbling over the 
weekend. However, Ethereum’s Open Interest (OI) on all exchanges dropped from 
7.79 million ETH to 5.8 million ETH, with about 2 million of that figure 
concentrated on Binance. This exposes that traders are closing positions and 
leverage is being reduced, with exposure to ETH also shrinking. Additionally, 
the Notional OI, which measures the total dollar value of open contracts, 
experienced a sharper drop as positions were closed. For instance, Binance&#8217;s 
Open Interest dropped from over $12.6 billion to $4.1 billion, while Bybit&#8217;s 
cut by two-thirds to $1.9 billion. This shows broad deleveraging across the 
entire market and not just one platform. Overall, the Ethereum derivatives 
market is shrinking, as traders are unwinding leverage in response to 
macroeconomic and geopolitical pressures. Moreover, the current market 
condition hasn&#8217;t been particularly encouraging for investor risk appetite — as 
seen with the ETH whales. Related Reading: Bitcoin ETF Investors Show Diamond 
Hands: Only $6.5B In Outflows Since October 10 Featured image from iStock, 
chart from TradingView

Cryptocurrency price in USD