Digital asset investment products suffer first outflows in five weeks

Top news and prices for the major cryptocurrencies.

Crypto funds snap five-week inflow streak. Digital asset investment products suffered their first outflows in five weeks, shedding $414 million as investors grew increasingly uneasy over the protracted Iran conflict and rising inflation fears. Interest rate expectations have also shifted sharply, with markets now pricing in hikes rather than cuts at the June Federal Open Market Committee meeting, according to CoinShares’ latest report. Total assets under management fell to $129 billion. The selling pressure was heavily concentrated in the US, which accounted for $445 million in outflows, while investors in Germany and Canada took a more opportunistic stance, contributing inflows of $21.2 million and $15.9 million, respectively. Ethereum bore the brunt of the negativity, recording $222 million in outflows, a move linked to developments surrounding the Clarity Act, pushing its year-to-date flows to a net outflow of $273 million, the worst of any digital asset.

US lawmakers unveil sweeping crypto tax overhaul. Two US lawmakers published a draft bill proposing a significant overhaul of the tax code for digital assets, though the legislation stops short of offering any exemption for Bitcoin investors. Representatives Max Miller and Steven Horsford released the discussion draft last Thursday, titled the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act, or the Digital Asset PARITY Act. The bill seeks to reshape how digital assets are treated under the Internal Revenue Code of 1986 by introducing a series of new provisions. Under the proposals, stablecoins would not be subject to capital gains tax provided their cost basis does not fluctuate by more than one cent, or 1% of $1. The draft also specifies that transaction costs incurred when acquiring or moving regulated dollar-pegged stablecoins cannot be counted towards an investor's cost basis.

Crypto used to fund drone procurement in Russia and Iran. Groups linked to Russia and Iran are increasingly turning to cryptocurrency to finance the purchase of low-cost military drones and components, according to a new report by blockchain analytics firm Chainalysis. Commercially available drones have become central to the conflicts in Ukraine and the Middle East. Because such devices are widely accessible on global e-commerce platforms, however, authorities have often struggled to identify who is behind purchases and what the buyers intend to do with the equipment.

Dubai tightens grip on crypto derivatives market with new regulatory framework. Dubai's financial regulators moved to bring greater oversight to the emirate's cryptocurrency derivatives market, introducing a formal set of rules governing how licensed firms can offer exchange-traded products to clients. On Tuesday, the Virtual Assets Regulatory Authority (VARA) published the framework as part of Version 2.1 of its Exchange Services Rulebook, covering areas including client suitability, leverage and margin controls, asset segregation and disclosure standards, as well as powers for regulatory intervention. The rules apply to all licensed virtual asset service providers offering exchange services in Dubai.

US Labor Department moves to open retirement accounts to crypto under Trump order. On Monday, the US Department of Labor published a proposed rule that would allow 401(k) retirement accounts to invest in alternative assets, including cryptocurrencies, in a move towards implementing an executive order signed by President Donald Trump. The proposal sets out the steps that 401(k) plan managers should follow when considering the inclusion of alternative assets in their investment portfolios. Such alternatives encompass digital assets, private equity and real estate. The draft rule specifically defines digital assets as "a new form of investing" that covers a wide variety of assets capable of being stored and transmitted digitally, including cryptocurrencies such as Bitcoin and other tokens.

Best performing crypto in the top 10 over the last week: TRON (+2.66%)

Best performing crypto in the top 100 over the last week: MemeCore (+36.46%)

As of April 1, 2026, 08:50 CET

The market's volume has reached $119.523 billion over the past 24 hours.

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