Gate Cryptocurrency News and Market Analysis

New Hampshire plans to issue $100 million in Bitcoin-backed municipal bonds, which have already received a Moody’s Ba2 rating, marking the convergence of traditional municipal bonds and high-volatility crypto assets. The bond uses Bitcoin income as the sole repayment source and includes downside protection provisions. While this innovation offers the potential for higher returns, it also faces the risk of Bitcoin price volatility, and no issuance date has been announced yet.

The NFT marketplace Magic Eden announced that its native crypto wallet will enter “withdraw-only” mode starting April 1, and will fully stop operating on May 1. Users must withdraw their private keys or seed phrases before May 1; otherwise, they will permanently lose their assets. The wallet has been delisted and cannot be downloaded again. This shutdown is part of Magic Eden’s business transformation, shifting its focus toward crypto entertainment. The ME token incentive program is not affected, but the price is near its historical low.

U.S. President Trump announced that he would withdraw from Iran within 2 to 3 weeks, prompting a short-term bounce in Bitcoin and a rebound in market risk appetite. However, Bitcoin faces the risk of falling for the sixth consecutive month; if this month’s close is below $67,300, it would further confirm downward pressure. Analysts noted that there are three possible market scenarios ahead, and it is necessary to closely watch how the outlook develops.