Tokenized asset platform Midas said it has raised $50 million in a Series A round led by RRE and Creandum, with participation from Framework Ventures, Franklin Templeton, Coinbase Ventures and other investors. Midas focuses on bringing institutional-grade yield strategies on-chain through tokenized products. The new capital will fund an expansion of its Midas Staked Liquidity (MSL) system, a standalone liquidity layer designed to meet withdrawal demand with pre-allocated capital. The setup is intended to enable instant redemptions without requiring positions to be unwound gradually when investors exit, addressing locked capital and lengthy redemption cycles common in traditional vault-based structures.

CANNES, March 30 — A new Ethereum effort unveiled at the EthCC conference aims to curb growing fragmentation across the ecosystem. Developers from Gnosis, Zisk and the Ethereum Foundation introduced the Ethereum Economic Zone (EEZ), a framework designed to make multiple layer2 networks operate as a unified environment for users and builders. Ethereum has leaned on layer2 rollups for years to boost capacity, but many of those networks now function as separate silos. Users often rely on bridges to move assets across chains, a process that can be slow, expensive and exposed to security risks. Developers also end up rebuilding similar tooling on each chain. Gnosis cofounder Friederike Ernst said every new L2 adds another silo, complicating efforts to route value back to Ethereum mainnet. EEZ proposes crosschain interactions without bridges, enabling instant transactions and application behavior across networks. A core element is synchronous smart contract execution across rollups, allowing a single transaction to span multiple chains. The initiative also targets shared liquidity, with funds moving freely between networks to reduce fragmentation. ETH would remain the primary token for fees across the system. The announcement lands amid debate over Ethereum's scaling path. Vitalik Buterin has recently raised concerns about fragmentation and centralized components in parts of the current layer2 approach. More than 20 active layer2 networks now secure nearly $40 billion in value, with liquidity and activity dispersed across platforms such as Arbitrum, Base and Optimism. EEZ technical details and benchmarks are expected in the coming weeks.

Midas has secured $50 million in Series A financing, led by RRE Ventures and Creandum, with participation from Framework Ventures, Franklin Templeton and Coinbase Ventures. The company plans to deploy the proceeds to scale its "Midas Staked Liquidity" system, designed to enable instant redemptions for tokenized yield products. Midas says the capability targets liquidity bottlenecks that have limited institutional adoption to date.

Tokenized assets platform Midas has completed a $50 million Series A financing round led by RRE and Creandum, CoinDesk reported. Framework Ventures, Franklin Templeton, Coinbase Ventures and other investors also participated. Midas converts institutional-grade yield strategies into onchain tokenized products. Proceeds will be used to expand its Midas Staked Liquidity (MSL) system, a standalone liquidity layer designed to meet withdrawal requests using prefunded reserves. The setup enables instant redemptions without the need to unwind positions gradually when investors exit, aiming to reduce locked capital and lengthy redemption cycles common in traditional vault structures. Co-founder and CEO Dennis Dinkelmeyer said the capital will help build out infrastructure that supports instant redemptions, deeper liquidity and broader access to strategies without sacrificing transparency or yield. Since launching in 2024, Midas has issued $1.7 billion in tokenized assets and paid $37 million in returns to investors.

Long-term XRP holders—investors who have kept tokens for more than 155 days—recently moved 8.25 million XRP out of their accounts. The shift marks a 3.47% decline in so-called "Hodler" balances, with the total falling from 238 million to roughly 230 million tokens. As older wallets take some profits, on-chain data points to heavy buying from the market's largest players. Whale addresses are now accumulating XRP at prices between $1.20 and $3, a notable change from their prior buying focus of $0.30 to $1.30. The repositioning suggests high-net-worth buyers are increasingly comfortable building exposure at current valuations rather than waiting for deep pullbacks. XRP's market capitalization is hovering near $82 billion. Daily trading volume stands at $1.45 billion, and the token's market dominance is about 3.50%. XRP slipped 0.62% over the past 24 hours, but market attention remains on the shift in who is buying—and at what levels—as analysts assess whether whale demand can absorb selling from aging holdings. Derivatives activity is also picking up. Open interest rose from $737.72 million to $759.21 million, an increase of nearly 3% in outstanding contracts. Funding-rate data was cited as improving as well, moving from 0.011% to 0.003%, reflecting growing participation from traders positioning for further upside. Even so, some technical signals are flashing caution. Indicators such as the RSI are described as showing a hidden divergence, raising the risk that a pullback could develop, particularly if spot-market demand fails to provide quick support. XRP's current price around $1.33 remains a key level for both short-term traders and whales continuing to expand positions. Looking ahead, momentum expectations are closely tied to these large-scale flows. Data suggests major buyers are holding what they accumulate rather than distributing to retail, potentially tightening available supply and amplifying volatility. Traders are watching whether broader crypto market conditions remain supportive enough to sustain this elevated accumulation. Source notes: Social post dated March 28, 2026; featured image credited to Unsplash; chart referenced from TradingView.

The Ethereum Foundation has staked an additional 20,470 ETH valued at about $42 million, extending a plan announced in February to stake 70,000 ETH to help fund ongoing operations and research.

XRP advanced to $1.36 over the past 24 hours, outperforming much of the broader crypto market as buyers returned after recent weakness. Trading volume jumped nearly 50%, pointing to renewed demand as oversold conditions set up a technical relief bounce. Sentiment also improved after Ripple CEO Brad Garlinghouse said in a March 27 Fox interview that traditional financial institutions are showing increasing interest in digital assets and stablecoins. He argued the market is maturing, with more banks and investment firms evaluating crypto exposure as part of portfolio strategy. Garlinghouse also referenced progress on the regulatory agenda, highlighting expectations around the CLARITY Act and suggesting clearer rules could boost confidence among institutional participants. Traders have treated the remarks as supportive of broader adoption prospects for XRP within traditional finance. Adding to the bullish narrative are reports of sizable institutional exposure to XRP, including references to Goldman Sachs' exposure via XRP ETFs. On the technical side, the 14-day Relative Strength Index (RSI) recently fell to about 44, nearing oversold territory and helping set conditions for a rebound as selling pressure eased. A mild uptick across the wider crypto market also provided a modest tailwind. Key levels now center on $1.33 as near-term support and $1.40 as immediate resistance. Holding above $1.33 is viewed as important for any attempt to push higher. A break above $1.40 could attract additional buying and extend the relief rally, with $1.45 flagged as another resistance level that has capped gains over the past week. If $1.33 fails, analysts see scope for a pullback toward $1.30, where buyers may look to reenter. In the weeks ahead, developments tied to the CLARITY Act are expected to remain a key catalyst: progress could encourage more institutional participation, while delays may keep XRP range-bound between $1.30 and $1.40.

Shiba Inu (SHIB), the second-largest meme coin by market capitalization, posted a notable shift in exchange flows over the past 24 hours as its price bounced with the broader market. SHIB rose about 5% on the day, and on-chain data suggests holders may be moving tokens off trading venues. CryptoQuant data shows SHIB's exchange netflow turned negative, with a net 97,177,600,000 SHIB leaving exchanges over the last 24 hours. A negative netflow typically signals shrinking exchange reserves as holders opt for self-custody. That dynamic can reduce immediate sell-side liquidity and is often interpreted as accumulation rather than distribution. The move comes as SHIB continues to recover from a prolonged drawdown. The token remains down 59% from its September peak of $0.0000148 and has logged seven straight monthly declines since last August. The latest outflows suggest some buyers view the current range as a dip-buying opportunity near local support, potentially indicating that selling pressure is easing. Network activity also ticked higher. CryptoQuant's overview shows active addresses rose 1.08% to 150.375 in the past 24 hours, reflecting growth in unique addresses interacting with the network. Active sending addresses increased 1.17% to 92.875, pointing to more users moving tokens. Adoption metrics remain firm as well. Recent reporting indicates the holder base continues to expand, with roughly 5,000 to 12,000 new addresses added each month, pushing total holders above 1.55 million. Taken together, rising activity alongside exchange outflows strengthens the case that bulls are attempting to regain control, assuming the trend persists. On the chart, SHIB appears to be attempting a breakout from a descending trendline on the 1-day timeframe, supported by a nearly 6% gain since the start of today. The same trendline has capped advances since a lower high on February 14 and also limited rallies on March 16 and March 25, when SHIB hit intraday peaks of $0.00000644 and $0.00000628. A daily close above the trendline with strong volume could open the door to further upside. The next key level cited by technicians is $0.00000846, which aligns with the 200-day moving average. From the current price of about $0.00000612, that would imply a 37.8% rise. Disclaimer: This content is for informational purposes only and does not constitute financial advice. Views expressed may reflect the author's personal opinions and do not represent The Crypto Basic's position. Readers should conduct their own research before making investment decisions. The Crypto Basic is not responsible for any financial losses.

CryptoPolitan reports that decentralized exchange (DEX) trading activity extended its downturn in Q1 2026, reaching its weakest point in nearly a year. Weekly DEX volume totaled about $41.07 billion, broadly in line with the $41.6 billion seen at the end of March 2025. Ethereum recorded a notable pullback in activity. DEX volume as a share of centralized exchange volume fell to 14.1%, down from a peak above 21% in summer 2025. Solana remained the busiest chain, posting $11.42 billion in weekly trading volume. Activity was driven mainly by PumpSwap, alongside a steady stream of new token launches on Pump.fun.