On March 27, Bitcoin spot ETFs saw net outflows of $225.5 million, while Ethereum ETFs posted $48.5 million in redemptions and Solana ETF products recorded $7.8 million in net outflows. Bitcoin network participation also cooled, with active addresses down more than 30% since August 2025. The data points to softer institutional risk appetite alongside weakening on-chain engagement.

On March 28, Patrick Witt, executive director of the President's Council on Digital Assets, warned that blocking the CLARITY Act draft could lead to a future Democratic administration taking a tougher approach to stablecoin yield, DeFi, and crypto. Coinbase said the industry is preparing a coordinated counterproposal aimed at preserving stablecoin rewards, while other industry figures flagged separate issues around DeFi developer protections and crypto tax provisions. Coinbase's David Duong said the stablecoin-yield dispute may be resolved within three weeks, with a Senate Banking markup possible in the second half of April and final passage potentially in early May if floor time permits.

On March 25, a federal judge in California certified a class in a securities fraud case alleging Nvidia concealed more than $1 billion in cryptocurrency-driven GPU revenue from investors. The order allows the lawsuit to proceed on behalf of purchasers of Nvidia common stock from Aug. 10, 2017, to Nov. 15, 2018, but does not decide whether fraud occurred.

Grayscale research head Zach Pandl says digital asset treasuries (DATs) are regaining stability after sustained headwinds since late 2025. Firms including Strategy, BitMine, and MARA have used new financing structures, staking income, and diversification moves, while forced sell-offs were described as limited with DATs turning into net accumulators in recent weeks.

Bitwise CEO Hunter Horsley said on March 27 that the market is moving from expecting institutional adoption to active deployment, adding that many allocators already hold crypto and more could enter over the next six months. He cited a Coinbase Institutional survey of 351 firms showing 74% expect higher prices over the next 12 months and 73% plan to increase allocations, with 29% targeting portfolio weights above 5% by 2026. Bitwise and VettaFi data also indicated advisor participation is rising, including a larger share allocating to crypto and more gaining the ability to trade it for clients.

Crypto markets weakened on Friday as traders refocused on rising Treasury yields rather than crude. Bitcoin fell back below $69,000 while ether also declined, with the U.S. 10-year yield hovering around 4.42% and hopes of near-term Iran de-escalation fading.

Kalshi received regulatory clearance to introduce margin trading after affiliate Kinetic Markets LLC was registered as a futures commission merchant with the National Futures Association on March 24, 2026. The change moves Kalshi beyond its 100% collateral model and is expected to open margin access to institutions first, with no launch date announced.

Circle shares fell 20% on Tuesday after reports that a draft CLARITY Act could limit certain stablecoin reward structures, while Bernstein argued the sell-off may be mispriced. Separately, Deloitte Canada and Stablecorp said they are working to integrate the Canadian dollar–pegged stablecoin QCAD into bank payment and settlement flows, as Canada moves toward a formal framework for fiat-backed digital assets.