It seems like Bitcoin (BTC) is preparing for a major price decline. On March 26, 2025, the overall crypto market has experienced significant volatility, leading to major price swings from gains to losses.
Bitcoin (BTC) Price Action and Technical Analysis
The overall cryptocurrency market has been experiencing significant price fluctuations over the past few days. In late February and early March 2025, the market was quite favorable. During this period, the crypto market saw impressive upside momentum while forming a bearish price action pattern.
Bitcoin Price Prediction
Bitcoin (BTC) has formed the same pattern on the four-hour timeframe. According to expert technical analysis, BTC has developed a bearish rising wedge pattern and is on the verge of breaking down.
Based on recent price action and historical patterns, if BTC breaks down from the pattern and closes a four-hour candle below the $86,200 level, there is a strong possibility it could drop by 8.5%, bringing the price down to $78,700.
Source: Trading View
As of now, BTC is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a downtrend.
$232 Million Worth of BTC Outflow
Despite market uncertainty and bearish price action, whales and long-term holders have been accumulating BTC, according to on-chain analytics firm Coinglass.
Data from spot inflow and outflow reveals that exchanges have witnessed a significant outflow of $233 million worth of BTC in the past 24 hours, indicating potential accumulation that could create buying pressure and drive further upside momentum.
This marks the fourth consecutive day of continuous BTC outflows from exchanges.
Traders’ Bearish Outlook
However, traders appear to be supporting the current market sentiment as they are heavily betting on the short side. Data from Coinglass reveals that traders are over-leveraged at $88,907 on the upper side and $85,813 on the lower side, with $1.20 billion worth of short positions and $722 million in combined short and long positions.
Source: Coinglass
This clearly highlights that bears are currently dominating the asset, and the price won’t rise above the $88,907 level.
Current Price Momentum
At press time, BTC is trading near $86,690, having dropped 1.50% in the past 24 hours. During the same period, its trading volume declined by 10%, indicating lower participation from traders and investors compared to the previous day.
GRVT co-founder Hong Yea left behind a rising executive career at Goldman Sachs to launch a hybrid crypto exchange as the market collapsed.
Four months after the mainnet, it has processed over $5 billion in volume. Yea tells BeInCrypto how his Wall Street roots helped engineer a decentralized trading powerhouse.
A Leap of Conviction in a Market on Fire
When Hong Yea left a decade-long career at Goldman Sachs, where he had risen to executive director, crypto markets were in freefall. It was late 2022, and FTX had just collapsed.
Confidence in centralized platforms had evaporated. But for Yea, the implosion was not a deterrent—it was validation.
“FTX crystallized our thesis. Centralized counterparties are single points of systemic failure. We saw that coming—and built GRVT to be the opposite,” Yea told BeInCrypto in an interview.
That conviction would be tested. While former colleagues moved toward managing director promotions and fatter bonuses, Yea built a next-gen exchange from scratch. One that would fuse institutional-grade speed and compliance with the decentralization ethos of Web3.
Today, just four months after its public mainnet launch, GRVT has processed over $5 billion in trading volume.
It is the first licensed decentralized exchange (DEX) under Bermuda’s Class M framework and one of the few platforms bridging Wall Street’s rigor with blockchain’s permissionless infrastructure.
Why a Goldman Exec Bet on Blockchain
For Yea, the pivot was not sudden. A trader by training, he spent years inside Goldman watching promising financial products die behind walled gardens.
“I saw brilliant tools and strategies that never reached beyond institutional silos. At the same time, DeFi lacked the risk controls, performance, and compliance needed to scale. I realized: if we could combine both worlds, we could unlock finance for everyone,” he explains.
The spark came at a 2022 crypto conference in Barcelona. Yea saw clearly that blockchain was not just speculative—it was a superior substrate for finance.
“It’s like a smarter internet. Not just for data, but for logic. Immutable, programmable, global. That’s what finance needs,” he articulates.
The Hybrid Advantage: CEX Speed Meets DEX Trustlessness
In the interview, Hong Yea presented GRVT as a purpose-built hybrid, not a traditional DEX or a centralized exchange with a Web3 gloss.
The platform, he said, separates matching and risk logic off-chain from settlement and custody on-chain. With this, users get the speed of centralized venues without ceding control of their assets.
“Every trade is executed with sub-millisecond latency, but settled on-chain via smart contracts that never touch user funds. It’s trustless execution at institutional speeds,” Hong Yea remarked.
Users sign trades cryptographically using SecureKey technology, which combines multi-party computation (MPC) with biometrics for maximum safety. At the same time, onboarding feels like Web2—email, password, 2FA.
Behind the scenes, GRVT’s zero-knowledge chain ensures privacy while keeping settlements transparent. Crucially, the platform allows users to instantly rehypothecate margin across markets—an edge even legacy prime brokerages rarely offer.
GRVT’s “CeDeFi” architecture combines off-chain order matching and risk management with on-chain self-custodial settlement using a private zk-powered Validium chain. It eliminates intermediaries, avoids on-chain custody fees, and enables users to maintain sole control of their assets.
“Trades execute in sub-millisecond latency but clear trustlessly in users’ own wallets,” Yea said.
This design directly targets the weaknesses of both CEXs and DEXs:
CEXs offer convenience and speed but force users to relinquish custody, introducing counterparty risk.
DEXs provide transparency and control but suffer from latency and fragmented liquidity.
GRVT bridges that divide. Users sign trades with biometrics via a SecureKey while all assets remain in their wallets.
“We blend Web2 login flows with cryptographic controls and one-click trade signing,” Yea explained. “It’s the speed of Binance with the self-custody of Uniswap—minus the trade-offs.”
$5 Billion in 120 Days With Regulation As The Blueprint
According to Hong Yea, GRVT’s explosive growth was engineered through raw performance, ecosystem incentives, and early partnerships. Its matching engine operates with latency under 10 milliseconds, outpacing Ethereum-based DEXs, Solana (SOL), and even newer Layer 2 solutions.
However, it is not just about speed. GRVT rewards market makers, community contributors, and liquidity providers, and creates a balanced, multi-stakeholder system.
Reportedly, more than 40 institutions, including CoinRoutes and top prime brokers, now trade on GRVT, injecting deep liquidity from day one.
Moreover, in a post-FTX playing field, the timing is opportune. Retail users demand transparency; institutions demand compliance. GRVT meets both demands without compromise.
“We’re not a niche. We’re a bridge. Retail wants safety, institutions want access. We offer a platform where both can trade on equal footing,” Yea added.
While most DEXs attempt to dodge regulation, GRVT leaned in. It became the world’s first licensed DEX under Bermuda’s Digital Asset framework.
“We treat compliance as code. Our chain enforces KYC and trade surveillance at the protocol level. That’s not just policy—it’s unbreakable,” Yea emphasized.
Reportedly, GRVT is now in active discussions with regulators across Asia, Europe, and North America, working toward multi-jurisdictional licensing for a globally compliant rollout. Yea believes this regulatory adoption is not a constraint but a critical enabler.
“Rules aren’t the enemy—they’re the gateway to institutional trust,” he stated.
Meanwhile, GRVT’s vision does not end with crypto trading. Yea sees a future where tokenized real-world assets (RWAs), including equities, funds, and institutional strategies, trade peer-to-peer (P2P) on a decentralized, composable platform.
“Wall Street is warming up. However, this time, they will come not to dominate, but to integrate,” Yea concluded.
Building long-term trust on a blockchain may seem like a leap for a trader who once priced risk in microseconds. However, for Hong Yea, it was a calculated trade—and so far, it is paying off.
Mayer Mizrachi, Mayor of Panama’s capital city, recently discussed Bitcoin’s positive transformative impacts on his country at a major conference. He proposed accepting BTC payments as fare to use the Panama Canal among other growth strategies.
Ultimately, one mayor’s office isn’t capable of transforming a nation’s economic prospects alone. However, Mizrachi demonstrated concrete ways that small acts of Bitcoin adoption can build on each other.
However, Mayer Mizrachi, the mayor of Panama City, has been attempting to innovate once again. Much like El Salvador, Panama is a nation that uses the US dollar as its legal tender. Mizrachi detailed a new approach to changing that:
“What we created was a roadmap for how cities can embrace Bitcoin regardless of national law. You can build the building blocks, so the central government can copy what you’re doing after it’s proven. 70% of [Panama’s] GDP is in my city. Whatever my city does, it makes waves around the country,” Mizrachi claimed.
Mizrachi talked about his initial plan to accept Bitcoin for municipal tax payments. In some ways, this strategy had major limits, as the city was required to exchange all this BTC for USD. This has been a springboard for Panama’s largest banks needing to deal in Bitcoin.
Already, Mizrachi has advised other mayors in the region how they can start similar initiatives. This limited project was an easy way to transform Panama’s entire Bitcoin ecosystem from the limitations of one mayor’s office.
Still, Mizrachi acknowledged that comprehensive adoption will require much more political buy-in. He commented that BTC could hypothetically be used to accept fare payments through the Panama Canal, but the US might object to this plan.
In other words, Panama’s BTC integration relies on one key factor: an active DeFi ecosystem. Mizrachi praised Nayib Bukele, who transformed El Salvador into one of the world’s largest Bitcoin holders.
That is to say, Panama City’s mayor doesn’t have the power to change Bitcoin’s position on his own. However, Mizrachi sees his work as proof of concept.
He detailed the economic opportunities that crypto can bring to Central America and reminded us that a better future is possible. Dedicated advocates can create powerful change with smaller actions.
The Open Network (TON), initially conceived by Telegram, has rapidly evolved into a significant Layer 1 blockchain, fueled by its seamless integration within the Telegram application and a burgeoning user base. This impressive growth, however, has highlighted a critical gap in the ecosystem: the lack of institutional-grade staking infrastructure. Existing staking mechanisms on TON have presented considerable challenges for institutions, burdened by hefty capital requirements, cumbersome manual processes, and inherent scalability limitations.
Recognizing this unmet need, Chorus One, a globally recognized leader in institutional staking infrastructure, has stepped forward to bridge this divide. With the unveiling of TON Pool, a next-generation staking solution, Chorus One initiates institutional engagement within the TON ecosystem, offering a fully compliant, scalable platform designed to meet the stringent demands of institutions worldwide. As the cryptocurrency world converges on Dubai for TOKEN2049, Chorus One stands ready to showcase TON Pool, setting a new benchmark for institutional participation in the TON network.
Addressing the Institutional Staking Bottleneck on TON
The remarkable ascent of the TON blockchain got the attention of institutional investors. Its deep integration with a widely used messaging platform provides a unique avenue for mass adoption and network growth. But the existing landscape for staking TON has presented significant hurdles for these larger players – capital outlay required to operate native validators is one of them. Demands reaching as high as 600,000 TON have effectively barred many institutions from directly participating in securing the network and earning staking rewards.
Beyond the financial barrier, the operational complexities of existing staking methods on TON have also proven to be a deterrent. Manual processes for managing staking activities are inefficient and prone to errors, particularly when dealing with the large capital allocations typical of institutional investors. Furthermore, the scalability of traditional nominator contracts on TON has been limited, often capped at around 40 addresses per pool. This constraint makes it challenging for institutions with numerous clients or complex fund structures to efficiently manage their staking activities.
Regulatory considerations add another layer of complexity. Institutions operate under strict compliance frameworks, and the lack of clearly defined and compliant staking solutions on TON has created uncertainty and hindered adoption. The absence of features like partial withdrawals, crucial for institutional treasury management, further compounds these challenges. In essence, while the potential of the TON network is undeniable, the existing staking infrastructure has not been adequately equipped to accommodate the specific needs and regulatory obligations of institutional participants. This is the precise gap that Chorus One’s TON Pool is meticulously designed to fill.
TON Pool as Purpose-Built Solution for Institutional Investors
Chorus One’s TON Pool emerges as a comprehensive and forward-thinking solution, specifically engineered to overcome the limitations of existing TON staking mechanisms and cater to the unique demands of institutional clients. At its core, TON Pool dramatically lowers the barrier to entry, allowing institutions to stake with a minimum of just 10 TON. This significantly contrasts with the prohibitive requirements of native validators, opening the door for a broader range of institutional participation.
Scalability is another key differentiator of TON Pool. Its innovative architecture eliminates the 40-address cap inherent in traditional nominator contracts, enabling an unlimited number of delegators per pool. This feature is crucial for institutions managing multiple client portfolios or large, complex funds, providing the flexibility and efficiency required for seamless operations.
Operational efficiency is further enhanced through the automation of critical staking processes. TON Pool automates validator selection and stake distribution, streamlining the entire staking lifecycle and reducing the need for manual intervention. This not only saves time and resources but also minimizes the risk of human error. Recognizing the importance of liquidity for institutional treasury management, TON Pool offers support for partial withdrawals, providing greater flexibility in managing staked assets.
Crucially, TON Pool has been designed with regulatory compliance at the forefront. By opting for pure delegation and explicitly avoiding Liquid Staking Tokens (LSTs), Chorus One ensures that TON Pool aligns with the Markets in Crypto-Assets (MiCA) regulation, providing institutions with a compliant pathway to participate in network security and earn rewards. Security and transparency are also paramount. The TON Pool smart contracts have undergone a thorough audit by Sparebit, a testament to Chorus One’s commitment to providing a secure and reliable platform. Continuous optimizations are also in place to ensure optimal validator performance and maximize annualized rewards for delegators.
The post Token2049 Announcements: Institutional TON Staking with Chorus One’s TON Pool appeared first on Coinpedia Fintech News
The Open Network (TON), initially conceived by Telegram, has rapidly evolved into a significant Layer 1 blockchain, fueled by its seamless integration within the Telegram application and a burgeoning user base. This impressive growth, however, has highlighted a critical gap in the ecosystem: the lack of institutional-grade staking infrastructure. Existing staking mechanisms on TON have …
