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Crypto-Backed Mortgages are Starting in the US for Housing Finance

Crypto-Backed Mortgages are Starting in the US for Housing Finance

<p class="text-left mb-4 ">Fannie Mae, one of the most critical players in the US housing finance system, is preparing to launch a mortgage model that accepts <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">crypto</a> assets as collateral. According to information reported by The Wall Street Journal, the new product was developed in collaboration with Better Home & Finance and Coinbase. This step is considered a significant milestone in the integration of digital assets into the traditional financial system.</p><p class="text-left mb-4 ">The new model allows users who want to buy a home to use their crypto assets as collateral without selling them. Thus, investors will be able to access housing loans and protect their positions in the crypto market without having to convert their digital assets into cash.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The crypto-collateralized loan model is expanding</h2><p class="text-left mb-4 ">Fannie Mae's entry into this field could actually make existing crypto-collateralized loan models more accessible to a wider audience. Given the institution's central role in the US mortgage market, the potential for such a product to become widespread is seen as quite high. Because Fannie Mae is a federally supported institution and operates under the supervision of the Federal Housing Finance Agency, the loan products it offers generally have standard-setting characteristics.</p><p class="text-left mb-4 ">Under the new mortgage product, it is stated that applicants can use assets such as Bitcoin and USD Coin as collateral. Loans will comply with "conforming loan" standards, similar to traditional mortgage products. This means that consumer protections and loan terms will be similar to the classic system.</p><p class="text-left mb-4 ">For Coinbase users, the process is further simplified. Assets on the platform can be transferred to custody wallets without being sold, and users will continue to protect their ownership rights. This structure can allow crypto investors to access liquidity without disrupting their long-term positions. Price fluctuations will not affect loan terms.</p><p class="text-left mb-4 ">One of the notable aspects of the model is the details regarding the collateral structure. The "margin call," or additional collateral request, frequently seen in traditional crypto-backed loans, will not be included in this product. This means that even if the value of the crypto assets used as collateral decreases, the loan terms will not automatically change.</p><p class="text-left mb-4 ">For the collateral to be at risk, the borrower must fail to meet their payment obligations. Accordingly, if the borrower does not make payments for 60 days, the collateral will be activated. This approach aims to reduce the pressure of volatility in the crypto market on loan users. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Uncertainties and Regulatory Framework</h2><p class="text-left mb-4 ">Although the development has generated significant buzz, some critical points regarding the product's details remain unclear. Issues such as which crypto assets will be accepted, how collateral valuation will be conducted, and what the risk management criteria will be will be clarified in the coming period.</p><p class="text-left mb-4 ">This development is seen as part of a broader integration process for crypto assets in the US. Recently, the steps taken by both regulatory bodies and major financial institutions in the field of blockchain and tokenization have attracted attention. In particular, tokenization initiatives on exchanges and diversification in investment products are strengthening the place of digital assets in the financial system.</p><p class="text-left mb-4 ">Bitcoin Price Pulls Back</p><p class="text-left mb-4 ">On the other hand, despite this development, Bitcoin experienced a short-term pullback in price. Trading at around $69,400 with a daily decrease of approximately 3%, BTC moved in parallel with the general market weakness. Macroeconomic pressures and institutional selling are cited as factors influencing this decline.</p><p class="text-left mb-4 ">Liquidations seen in derivative markets also put pressure on the price. Approximately $61.7 million worth of Bitcoin positions were liquidated in the last 24 hours, with the majority of these being long positions. Analysts suggest that a drop below $69,000 could lead to a further decline to $67,800, but a recovery towards the $71,300 region is possible if current levels are maintained.</p>

26 Mar 2026
MARA Sells $1.1 Billion Worth of Bitcoin

MARA Sells $1.1 Billion Worth of Bitcoin

<p class="text-left mb-4 ">MARA Holdings, a <a href="https://jrkripto.com/tr/coin/btc" target="_blank" rel="noreferrer" class="text-primary underline">Bitcoin</a> mining company, has made a notable move in its balance sheet management. The company announced that it sold 15,133 BTC worth approximately $1.1 billion and used the proceeds to repurchase its convertible bonds. According to the <a href="https://www.globenewswire.com/news-release/2026/03/26/3262948/0/en/MARA-Holdings-Inc-Announces-1-0-Billion-Repurchase-of-0-00-Convertible-Senior-Notes-due-2030-and-2031-and-Sale-of-15-133-Bitcoin.html" target="_blank" rel="noreferrer" class="text-primary underline">announcement</a>, the sales took place between March 4th and March 25th. This process followed immediately after MARA updated its digital asset management policy on March 3rd. With this policy change, the company moved away from its approach of only selling newly mined Bitcoins and included its BTC assets held on its balance sheet in the sale. At the time of the policy change, the company held a total of 53,822 BTC, approximately 28% of which was used in loan and collateral agreements. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Debts decreased by 30%</h2><p class="text-left mb-4 ">MARA used the proceeds to repurchase a significant portion of its interest-free (0.00%) convertible bonds maturing in 2030 and 2031. The company repurchased $367.5 million in principal from 2030 bonds to $322.9 million and $633.4 million from 2031 bonds to $589.9 million. These transactions are expected to be completed on March 30 and 31. As a result of these repurchases, MARA's total convertible debt decreased by approximately 30% to $2.3 billion. Following the transactions, $632.5 million in principal remains on the 2030 bonds and $291.6 million on the 2031 bonds. The company stated that these transactions resulted in approximately $88.1 million in cash savings, excluding transaction costs, which represents a discount of approximately 9% to the nominal value. MARA CEO Fred Thiel emphasized that this move increased the company's strategic flexibility. According to Thiel, the company is now moving away from a structure focused solely on Bitcoin mining and is expanding into digital energy and artificial intelligence/high-performance computing (AI/HPC) infrastructure. This transformation is also seen as part of the company's goal to increase revenue diversification.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Weakening financials draw attention</h2><p class="text-left mb-4 ">The company's latest financial results provide important signals for understanding the background of this strategic change. MARA reported a net loss of $1.7 billion in the fourth quarter of 2025. This figure indicates a sharp deterioration compared to the net profit of $528.3 million recorded in the same period of the previous year. The biggest factor in the loss was stated to be the negative change of $1.5 billion in the fair value of digital assets due to the approximately 30% drop in the price of Bitcoin.</p><p class="text-left mb-4 ">A limited decline was also observed on the revenue side. The company's revenue decreased by 6% year-on-year to $202.3 million. </p>

26 Mar 2026
Goldman Sachs Invests in XRP: A $152 Million Position

Goldman Sachs Invests in XRP: A $152 Million Position

<p class="text-left mb-4 ">Global financial giant Goldman Sachs revealed its XRP-focused investment strategy in a recent filing with the US Securities and Exchange Commission (SEC). The company holds positions exceeding $152 million in four different spot XRP ETFs, indicating continued institutional investor interest in XRP. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Institutional Demand Continues</h2><p class="text-left mb-4 ">According to the 13F <a href="https://www.sec.gov/Archives/edgar/data/886982/000088698226000093/xslForm13F_X02/SubmissionFile.xml" target="_blank" rel="noreferrer" class="text-primary underline">filing </a>dated March 25th, Goldman Sachs maintains its position as the largest institutional investor in XRP ETFs. With total assets exceeding $3.5 trillion, the company holds significant stakes in four separate products offered by different issuers.</p><p class="text-left mb-4 ">Looking at the details, Goldman Sachs holds approximately 2 million shares worth $35.9 million in the 21Shares XRP ETF, $39.8 million in the Bitwise XRP ETF, and $38.4 million in Franklin Templeton's XRPZ product. In addition, Grayscale has approximately $38 million invested in its GXRP ETF. When all these items are combined, the company's total position in XRP ETFs reaches $152.1 million.</p><p class="text-left mb-4 ">This shows that XRP is included in portfolios not only by individual investors but also by large-scale financial institutions. Besides Goldman Sachs, other prominent institutional investors in XRP ETFs include Millennium Management, Citadel Advisors, and Jane Street.</p><p class="text-left mb-4 ">On the other hand, according to Bloomberg data, the company is known to have a similar position size in the last quarter of 2025. However, the current application does not provide a clear picture of whether Goldman Sachs has increased or decreased its position recently. The answer to this question will become clearer with the first quarter (Q1) reports of 2026, which are usually published in mid-May. </p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">ETF flows and price pressure</h2><p class="text-left mb-4 ">Looking at the overall picture in spot XRP ETFs, a mixed picture emerges. According to the latest data, there was a limited inflow of approximately $1.26 million into ETFs on Wednesday. All of this inflow came from Bitwise products, while no significant movement was observed in other ETFs.</p><p class="text-left mb-4 ">AUM stands at $995.7 million, while cumulative net inflows have reached $1.21 billion. On the market side, the <a href="https://jrkripto.com/tr/coin/xrp" target="_blank" rel="noreferrer" class="text-primary underline">XRP</a> price declined in line with the general crypto sell-off. Data from the last 24 hours shows the price falling by over 2% to $1.37.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/xrpusdt-2026-03-26-15-13-04-39fa60c5.webp" alt="XRPUSDT_2026-03-26_15-13-04.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p><p class="text-left mb-4 ">However, a different picture is emerging in the derivatives market. Open interest in XRP futures has increased by 1.6% in recent hours, reaching $2.53 billion. Additionally, Ripple's testing of its RLUSD stablecoin for cross-border payments as part of the BLOOM project with the Singapore Central Bank has also been in the news.</p>

26 Mar 2026
Franklin Templeton Chose Ondo for Tokenization

Franklin Templeton Chose Ondo for Tokenization

<p class="text-left mb-4 ">Franklin Templeton has partnered with <a href="https://jrkripto.com/tr/coin/ondo" target="_blank" rel="noreferrer" class="text-primary underline">Ondo </a>Finance to tokenize five different ETF products, taking a new step that brings together traditional finance and the blockchain world. According to the company's announcement, these funds, which track stocks, bonds, and gold, are being restructured to be tradable directly on the blockchain.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">The tokenized funds will be traded 24/7 and integrated with DeFi</h2><p class="text-left mb-4 ">The new products specifically target crypto-native investors. Developed for users who prefer to invest through digital wallets instead of traditional brokerage firms, this model aims to make the investment experience more accessible and flexible. Thanks to the tokenized funds, investors will be able to trade 24/7 without being tied to classic market hours.</p><p class="text-left mb-4 ">One of the most important differences brought about by tokenization is the integration of these funds into the DeFi ecosystem. This means that investors will not only buy and sell these assets, but also use them in various decentralized finance applications as collateral, liquidity, or yield strategies. Ondo Finance is involved in the liquidity side. The company will support the continuous trading of these tokens through market makers and will continue to provide liquidity even when traditional markets are closed. Franklin Templeton's head of innovation, Sandy Kaul, states that this move is not limited to crypto trading alone, but signals a new era where the investment world is moving entirely onto the blockchain. According to Kaul, as digital asset users mature, expectations change, and financial products need to adapt to these new demands. The company aims to be a pioneer in this transformation by combining its nearly 80 years of traditional finance experience with blockchain-based solutions. Franklin Templeton is actually no stranger to the tokenization field. With the OnChain U.S. Government Money Fund (FOBXX/BENJI), which it launched in 2021, the company created one of the first registered investment funds to be traded on the blockchain in the U.S. Today, the BENJI fund is the fourth largest treasury product on the blockchain with a size exceeding $1 billion. The newly announced ETFs will allow the company to further expand its presence in this area. Among the five funds planned for tokenization are a growth-oriented US equity strategy (FFOG), a systemic fund investing in large-cap companies (FLQL), a gold fund (FGDL), a fund focused on high-yield corporate bonds (FLHY), and an income-oriented equity strategy (INCE). Under this structure, Ondo Finance will purchase the relevant ETF shares and issue tokens representing them through a special purpose vehicle. Similar moves are gaining momentum in the sector. WisdomTree recently moved its tokenized funds to the Solana network, while major platforms like Robinhood, Coinbase, and Kraken are also working on on-chain tradable stocks and ETFs. These developments demonstrate that moving real-world assets to the blockchain is no longer a niche area but a significant part of mainstream finance. Franklin Templeton's new tokenized ETF products will initially be launched in Europe, Asia-Pacific, the Middle East, and Latin America. The regulatory framework for the US is not yet clear. The U.S. Securities and Exchange Commission (SEC) recently reiterated that on-premise securities are also subject to existing regulations.</p><p class="text-left mb-4 ">At the time of writing, the ONDO token is trading at around $0.2597799.</p><p class="text-left mb-4 "> <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ondousdt-2026-03-26-12-27-37-11cb01af.webp" alt="ONDOUSDT_2026-03-26_12-27-37.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> </p>

26 Mar 2026
Crypto Provisions Changing in Turkiye: Newest Statement

Crypto Provisions Changing in Turkiye: Newest Statement

<p class="text-left mb-4 ">As discussions around <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">cryptocurrency </a>regulations in Turkey continue, a last-minute development has drawn attention. AK Party Member of Parliament Ömer İleri announced that certain provisions related to crypto assets in the bill currently being discussed in the Turkish Grand National Assembly (TBMM) are being reconsidered.</p><p class="text-left mb-4 ">İleri stated that, taking into account public sensitivities, efforts are ongoing to revise the relevant articles through amendment proposals. He emphasized that work on restructuring these provisions is still in progress.</p><p class="text-left mb-4 ">İleri’s remarks come amid growing debate in recent days over the proposed crypto tax regulation. The statement also underlined that the process is not yet finalized and that the public will be informed once the work is completed.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>Crypto tax regulation back on the table</strong></h2><p class="text-left mb-4 ">The bill on the parliamentary agenda introduces a tax on crypto asset transactions. Accordingly, a “crypto asset transaction tax” is planned to be applied to crypto sales and transfers. The proposed rate is 0.3 per thousand (0.03%), calculated based on either the transaction amount or the market value at the time of transfer.</p><p class="text-left mb-4 ">Another notable aspect of the proposal is that no expenses or tax deductions will be allowed from the tax base. Additionally, the tax will be calculated monthly and must be declared and paid by the 15th of the following month. This could create a significant operational burden for crypto asset service providers.</p><p class="text-left mb-4 ">The regulation is not limited to transaction tax alone. It also includes comprehensive provisions on the taxation of income derived from crypto assets. Under the proposal, a 10% withholding tax is planned on income generated through platforms. This deduction would apply regardless of the investor’s status.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>What do the sector and investors expect?</strong></h2><p class="text-left mb-4 ">Companies operating in the crypto market and individual investors are closely watching the final form of the regulation. Tax rates, implementation details, and obligations imposed on platforms are seen as critical factors for the future of the sector.</p><p class="text-left mb-4 ">İleri’s statement signaled that changes may be made to the current draft, offering some relief to the market. The fact that public concerns are being taken into account has strengthened expectations that the regulation could take a more balanced shape. However, it remains difficult to draw firm conclusions until the final text is revealed.</p><p class="text-left mb-4 ">Meanwhile, for the regulation to enter into force, it must first be approved by the TBMM General Assembly and then published in the Official Gazette. Following this process, implementation details are expected to be determined by the Ministry of Treasury and Finance.</p><h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1"><strong>Tax rates could change</strong></h2><p class="text-left mb-4 ">The proposal grants broad authority to the President to adjust tax rates. Accordingly, the rates can be reduced to zero or increased several times over. This flexibility suggests that a more dynamic tax policy could be implemented depending on market conditions.</p><p class="text-left mb-4 ">Similarly, the Ministry of Treasury and Finance will be authorized to determine the procedures and principles of implementation. This indicates that the technical details of the regulation will continue to evolve over time.</p>

25 Mar 2026
Crypto-Backed Mortgages are Starting in the US for Housing Finance
Crypto-Backed Mortgages are Starting in the US for Housing Financeabout 5 hours ago
MARA Sells $1.1 Billion Worth of Bitcoin
MARA Sells $1.1 Billion Worth of Bitcoinabout 5 hours ago
Goldman Sachs Invests in XRP: A $152 Million Position
Goldman Sachs Invests in XRP: A $152 Million Positionabout 7 hours ago
Franklin Templeton Chose Ondo for Tokenization
Franklin Templeton Chose Ondo for Tokenizationabout 10 hours ago
Crypto Provisions Changing in Turkiye: Newest Statement
Crypto Provisions Changing in Turkiye: Newest Statement1 day ago
Crypto-Backed Mortgages are Starting in the US for Housing Finance
Crypto-Backed Mortgages are Starting in the US for Housing Financeabout 5 hours ago
MARA Sells $1.1 Billion Worth of Bitcoin
MARA Sells $1.1 Billion Worth of Bitcoinabout 5 hours ago
Goldman Sachs Invests in XRP: A $152 Million Position
Goldman Sachs Invests in XRP: A $152 Million Positionabout 7 hours ago
Franklin Templeton Chose Ondo for Tokenization
Franklin Templeton Chose Ondo for Tokenizationabout 10 hours ago
Crypto Provisions Changing in Turkiye: Newest Statement
Crypto Provisions Changing in Turkiye: Newest Statement1 day ago

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Cryptocurrency CalendarMarch 26, 2026
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