Bhutan’s BTC holdings since 2022. Source: Arkham Intelligence
Bhutan has significantly reduced its Bitcoin reserves since 2024, selling portions of its holdings amid market volatility and strategic funding needs.

The country previously held over 13,000 BTC at its peak, but ongoing sales have lowered its stash as it allocates funds toward initiatives like the Gelephu Mindfulness City project.

Once valued at over $1.6 billion at Bitcoin’s peak, Bhutan’s reserves have declined alongside market conditions. The nation’s reduced inflows also raise questions about whether it has slowed or halted its Bitcoin mining operations.

Still, Bhutan remains one of the few countries actively integrating crypto into national economic planning.

The Bhutan has transferred over $72 million worth of Bitcoin in the past 24 hours, signaling continued selling from its national crypto reserves.

State-owned Druk Holding and Investments moved more than 973 BTC across six transactions, according to blockchain data. The firm has regularly sold Bitcoin in $5 million to $10 million increments, with heavier activity seen in late 2025.

Despite the recent sales, Bhutan still holds over 4,400 BTC, valued at more than $320 million, as part of its broader strategy to leverage crypto for economic development.

Despite billions in repayments, many former users of FTX say they have not been fully compensated under the recovery plan.

Reimbursements were calculated based on 2022 crypto prices, when assets like Bitcoin and Ethereum were significantly lower, leaving creditors frustrated with reduced payouts.

Meanwhile, former CEO Sam Bankman-Fried is continuing legal efforts following his 25-year sentence, including appeals and a possible prison transfer. His ongoing case remains a focal point as the fallout from FTX’s collapse continues to unfold.

The FTX Recovery Trust has announced it will distribute $2.2 billion to creditors and former customers on March 31, 2026, marking its fourth round of payouts.

Eligible recipients are expected to receive funds within one to three business days through their selected providers. The distribution includes varying recovery rates, such as 18% for Dotcom Customer claims and 15% for general unsecured claims.

Following this round, total repayments will reach approximately $10 billion, with a fifth distribution already scheduled for May 29, 2026. Analysts note the payouts could impact crypto markets if recipients reinvest funds into digital assets.

The U.S. Securities and Exchange Commission has provided new regulatory clarity by classifying XRP as a digital commodity rather than a security.

The guidance places XRP alongside other major tokens such as Bitcoin and Ethereum, while noting that only tokenized securities generally fall under securities laws.

The decision has been welcomed by industry leaders, including Ripple’s legal chief, who said the clarification offers long-awaited certainty for investors and innovators.

The update could support broader institutional adoption as firms like Evernorth continue building large-scale crypto treasuries.

Evernorth has already accumulated a significant XRP treasury worth approximately $692 million, consisting of over 473 million tokens.

However, the firm is facing early pressure as XRP’s price has declined, leaving its holdings down roughly 19% from an average purchase price of $2.54.

The company initially announced plans to raise up to $1 billion through its SPAC merger, with most of the funds allocated toward expanding its XRP treasury, signaling a long-term bet on the asset despite short-term volatility.

Evernorth has taken a major step toward going public after submitting a Form S-4 registration statement to the U.S. Securities and Exchange Commission.

The Ripple Labs-backed firm plans to list on the Nasdaq through a merger with Armada Acquisition Corp. II. If approved, Evernorth will trade under the ticker “XRPN.”

The filing represents one of the final regulatory hurdles before the company can complete its SPAC merger and enter public markets.

Hello everyone, here is my breakdown of the current BTCUSDT setup.

Market Analysis

BTC broke out of a descending triangle and formed a bullish trend with higher lows along an ascending trend line. Price reached the 74,500 resistance, where a rejection occurred.

Currently, BTC is pulling back toward the 71,300 support zone, which aligns with the rising trend line and previous breakout area, creating a key confluence.

My Scenario & Strategy

As long as price holds above the 71,300 support and respects the ascending trend line, the bullish bias remains valid. A bounce from this area could push BTC back toward the 74,500 resistance zone, which is the main upside target.

However, if price breaks below 71,300, the bullish structure would weaken and could lead to a deeper correction.

That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

The chart illustrates a market that initially experienced a strong downward phase after reaching a previous peak. Following that decline, price entered a prolonged consolidation period where volatility compressed and directional momentum slowed. During this phase, the market moved sideways for several sessions, suggesting that participants were gradually accumulating positions while absorbing selling pressure.

A turning point appeared once the market stopped extending lower and began forming internal rotations within the range. This behavior typically reflects a transition in sentiment as buyers begin to regain control after a period dominated by selling activity. Gradually, price started to push higher and created a recovery structure that lifted the market away from the consolidation base.

As the upward movement developed, Ethereum printed a fresh local peak inside the broader trading range. This move signaled increasing participation from buyers and confirmed that momentum had shifted toward expansion rather than continued compression. However, after reaching that recent high, price began to slow down and rotate downward, indicating that the market is currently entering a temporary corrective phase.

The most recent candles show a pullback from the latest peak, suggesting that the market is rebalancing liquidity after the previous impulse. Such retracements are common after strong directional moves, as they allow the market to revisit areas where significant orders previously entered. These rotations often help build the foundation for the next directional move.

From a broader perspective, the structure on the chart reflects a classic market cycle: distribution from the previous high, followed by stabilization, then a recovery push and finally a corrective rotation. The projected path drawn on the chart indicates the possibility of a deeper short-term pullback before momentum attempts another expansion phase.

If market participation returns during the corrective stage, Ethereum could potentially resume its upward trajectory after completing the current rebalancing process. The reaction during this pullback will be important in determining whether the broader recovery structure continues to develop or if the market transitions into a longer consolidation phase.

Overall, the chart suggests that ETHUSDT has shifted from a period of weakness toward a developing recovery trend, but the market is currently undergoing a natural pause as liquidity redistributes before the next potential directional move.

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Q: Was the 2026 event selling out?
A: Registrations were tracking toward a sold-out event before the postponement.

Q: How important is Dubai for Token2049?
A: Dubai is a key hub for the digital asset industry, hosting over 600 Web3 firms in the DMCC free zone and more than 1,800 crypto companies across the UAE.

Q: Will Token2049 return to Dubai?
A: Yes, organizers are committed to a “stronger TOKEN2049 Dubai” in April 2027.

Q: What caused the travel disruptions in the UAE?
A: Regional airspace restrictions following the outbreak of the US-Israel war on Iran have limited flights, including Emirates, Etihad, flydubai, and Air Arabia.

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A: Passengers are urged to travel only if they have confirmed bookings, as debris from intercepted missiles has caused damage near Dubai International Airport.

Q: Are UAE financial services still operational?
A: Yes, the Central Bank confirmed that banks and insurers are operating with full efficiency and stability.

Q: Why is the Dubai edition of Token2049 being postponed?
A: Organizers cited regional uncertainty and travel disruptions caused by the US-Israel–Iran conflict. They want to ensure the event maintains its scale, quality, and safety for attendees.

Q: When will the conference now take place?
A: The new dates are April 21-22, 2027.

Q: Were preparations for 2026 already underway?
A: Yes, but the team decided postponement was the best option given the circumstances.

Even as rumors swirl about a Starfield PS5 release on April 7, 2026, Bethesda director Todd Howard hinted at ongoing post-launch development for Xbox and PC.

Howard teased that more updates will be revealed soon, signaling that the sci-fi RPG’s expansion and refinement aren’t over, while PlayStation fans wait for an official confirmation.

After its September 2023 launch on Xbox Series X/S and PC, Starfield may finally be coming to PS5. Two leaks now point to an April 7, 2026 release, including one from leaker Graczdari, who accurately predicted the PS5 port of Microsoft Flight Simulator 2024.

Despite the leaks, neither Bethesda nor Microsoft have made official announcements, leaving fans eagerly watching for confirmation.