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The cryptocurrency market has seen significant developments in recent days, with various factors influencing the prices of major coins such as Bitcoin and Ethereum. According to Fidelity, Bitcoin’s drawdown is less dramatic this cycle, while Google has flagged risks to Bitcoin security due to quantum computers. Meanwhile, researchers predict that quantum computers could be operational by 2030, leading to a surge in quantum-resistant tokens. In other news, New Hampshire’s Bitcoin-backed bond has received a rating from Moody’s, and e-commerce giant Mercado Libre is sunsetting its rewards-based Mercado Coin.

Markets

The prices of major coins have been affected by various factors, including the potential end of the US-Iran war, which has led to a surge in Bitcoin and stocks. According to CoinTelegraph, Bitcoin and stocks have soared in response to the chance of the war ending. Additionally, the gap between Bitcoin’s spot price and realized price is compressing, which could indicate a potential buy zone, as reported by CoinDesk. XRP has also seen significant activity, with record outflows and rising scarcity, but its price has failed to break higher, according to CoinDesk.

Regulation

Regulatory developments have also been making headlines, with the CFTC’s top enforcer putting prediction market insider traders on notice, as reported by CoinTelegraph. Additionally, Hong Kong has yet to issue a single HKD stablecoin license, despite initially flagging March as the target for initial approvals, according to CoinDesk.

DeFi and Miscellaneous

In the DeFi space, Solana DEX volumes have dropped to 2024 lows, raising questions about whether SOL can hold $80 as support, as reported by CoinTelegraph. Meanwhile, Bitfarms has reported a net loss of $285M, but its shares have jumped despite the loss, according to CoinTelegraph. Researchers have also predicted that quantum computers could be operational by 2030, which could have significant implications for the cryptocurrency market, as reported by CoinTelegraph.

Sources: CoinDesk, CoinTelegraph

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