Crypto Currents: Trump truce talk lights up treasuries and tokenized stocks

Claim 55% Off TipRanks

The tape today is a live test of how much geopolitical cooling can reflate the “digital gold” and “on-chain capital markets” trades at the same time. Stay up on the crypto news that matters with “Crypto Currents,” daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.

BITCOIN JUMPS BACK ABOVE $70,000 AS OIL COOLS: Barron’s reports that bitcoin (BTC-USD) reclaimed $70,000 and dragged ether (ETH-USD) and XRP (XRP-USD) higher after President Trump said the Iran conflict could end “very soon,” easing the war-premium pressure that had built up in oil and haven trades. Bloomberg adds that bitcoin briefly pushed above $71,000 alongside a bounce in equities as crude backed off recent highs, reversing part of last week’s energy-driven risk-off move. Bloomberg separately reports that many Hong Kong-based family offices plan to add exposure to digital assets and private equity over the next three years, signaling that institutional appetite in Asia is firming even as Western retail sentiment remains fragile.

SPOT BITCOIN ETFS SNAP BACK TO $167M AS STRIVE AND CIRCLE GET STREET UPGRADES: Cointelegraph says U.S. spot bitcoin ETFs pulled in about $167M of net inflows on Monday, reversing roughly $577M of outflows from the prior Thursday and Friday as BlackRock’s (SOL-USD) funds logged a third straight day of redemptions. On the sell-side, B. Riley analyst Fedor Shabalin initiated Strive Enterprises (TOKENIZED STOCKS TOP $1B AS NASDAQ AND KRAKEN BUILD THE ON-CHAIN EQUITY GATEWAY: Cointelegraph reports that tokenized stocks have crossed $1B in outstanding on-chain value for the first time, with Ondo Finance controlling about 60.5% share, roughly $605M, and Kraken’s xStocks at about $232M. The Wall Street Journal continues to cover Nasdaq’s (BITCOIN TREASURY PLAYS DIVERGE AS HYPERSCALE STACKS AND EMPERY SELLS INTO STRENGTH: A fresh press release shows Hyperscale Data (EMPD” style=””>EMPD) is running the opposite book, with a press release disclosing that it sold 102 bitcoin last week at an average of $71,636, raising about $7.3M to fund buybacks and bolster cash, while still holding 3,562 bitcoin and having repurchased 20.175 million shares under a $200M program. On the M&A front, a company press release notes that Signing Day Sports (AI/HPC data center.

ETHER WHALES REPOSITION AS BITMINE MOVES $19.5M TO COINBASE PRIME: Arkham Intelligence data shows Bitmine Immersion Technologies (Cointelegraph frames all of this against ether’s 65% underperformance versus bitcoin since the proof-of-stake transition, with the “ultrasound money” narrative fading as post-Dencun fee burns decline and supply turns modestly inflationary.

SEC FILINGS ROUNDUP FROM BULLISH TO PERSHING SQUARE TO SOLUNA: Bullish (20-F annual report showing $84.1B in February 2026 trading volume, an adjusted revenue jump to $288.5M from $213.9M, adjusted EBITDA of $94.3M, and gross liquid assets of $3.72B, but a statutory net loss of $785.5M driven by digital-asset impairments. Teucrium Commodity Trust also registered its 7RCC Spot Bitcoin and Carbon Credit Futures ETF on NYSE Arca, targeting an 80/20 split between bitcoin and regulated carbon credit futures. The Wall Street Journal reports that Bill Ackman’s Pershing Square filed its N-2 IPO registration for a closed-end fund planning to list on the NYSE under ticker ‘PSUS’, with $2.8B already committed toward an anticipated $5B-$10B raise, and the filing includes “cryptocurrency,” “blockchain,” and “digital asset” within its risk factors and investment universe language. A Lazard Funds disclosure revealed holdings in Coinbase (COIN), Riot Platforms (RIOT), CleanSpark (MARA). Soluna Holdings (8-K a day after putting a $1B shelf registration on file, advancing its 83 MW wind-powered bitcoin mining facility in Texas with a projected 3.5 EH/s hashrate and $17M to $20M in annual revenue, plus a 350 MW Tier 3 AI campus on more than 500 acres. BitGo Holdings (FIGR” target=”_blank”>(FIGR) on the Provenance blockchain.

PRICE ACTION: As of time of writing, bitcoin was trading at $71,354.18, while ether was trading at $2,068.70, according to price data from TipRanks.