hodler

8 Apr 2026, 06:25

Oil Prices Crash 20% After Ceasefire Deal as BTC and Gold Surge

After a few consecutive days of warning shots, the US and Iran reached a two-week cease-fire, which would allow them to negotiate for a permanent peace deal. Financial markets responded immediately to the news, but in opposing ways. While most assets, such as BTC, gold, and stocks, went up, oil, which had rocketed after the war began, dumped hard. Oil Slides Given the significance of the region, oil prices were impacted the most after the initial strikes began on February 28. USOIL traded below $70 per barrel at the time, but skyrocketed to $120 in just a week or so. More volatility ensued in the following weeks following comments and strikes against different infrastructure. The latest threats from Trump against Iran, which included attacking the country’s power plants and bridges, caused another sharp uptick at the end of last week and the beginning of the current one. His statement from yesterday that “a whole civilization will die tonight” was particularly worrying, which led to Iran backing out of the negotiations at the time, according to reports. Hours later, though, Trump announced on his social media platform that both parties had agreed to a two-week cease-fire as Iran would safely open the Strait of Hormuz. He added that the US had received a 10-point proposal from Iran, and they believe “it is a workable basis on which to negotiate.” “Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two-week period will allow the Agreement to be finalized and consummated.” Later on, he explained that the US will be “helping with the traffic buildup in the Strait of Hormuz” as “big money will be made.” He also predicted that this would be the “Golden Age of the Middle East.” Oil prices reacted immediately with a sharp nosedive. USOIL went from $117 to under $92 before it recovered to $95 as of press time. Nevertheless, it’s still 40% higher than it was before the war started. USOIL April 8. Source: TradingView BTC, Gold, Stocks on the Rise All financial markets experienced enhanced volatility after the announcement. Bitcoin skyrocketed from just over $68,000 to a three-week peak at almost $73,000 before it corrected to $72,000 as of press time. Ethereum has risen by almost 7% and now sits close to $2,250. XRP, SOL, DOGE, and other altcoins have also marked notable gains of over 4%. Gold neared $4,900 for the first time in three weeks after jumping from $4,650. The S&P 500 futures are up by over 2.5% and are just inches away from tapping a new all-time high. The post Oil Prices Crash 20% After Ceasefire Deal as BTC and Gold Surge appeared first on CryptoPotato .

8 Apr 2026, 06:05

EUR/GBP Analysis: Hawkish ECB Stance Shields Euro as Pair Tests 0.8700 Support

BitcoinWorld EUR/GBP Analysis: Hawkish ECB Stance Shields Euro as Pair Tests 0.8700 Support The EUR/GBP currency pair edged lower in European trading on Thursday, testing support near the psychologically significant 0.8700 level. However, a persistently hawkish stance from the European Central Bank continues to provide a crucial cushion against more substantial declines. This movement reflects the ongoing tug-of-war between diverging monetary policy expectations and economic data from the Eurozone and the United Kingdom. EUR/GBP Technical and Fundamental Drivers Market participants closely watched the 0.8700 handle this week. The pair’s descent toward this level primarily stemmed from a recalibration of short-term rate expectations. Specifically, recent UK inflation data surprised slightly to the upside, prompting traders to reassess the timing of potential Bank of England rate cuts. Consequently, this provided modest support for the Pound Sterling. Meanwhile, the Euro found underlying strength from the European Central Bank’s clear communication. ECB officials, including President Christine Lagarde, have consistently emphasized a data-dependent but cautious approach to easing policy. This stance contrasts with market bets on more aggressive cuts from other major central banks. Furthermore, the currency market remains highly sensitive to interest rate differentials. The following table outlines key recent data points influencing both currencies: Indicator Eurozone United Kingdom Latest CPI (YoY) 2.4% 3.2% Core CPI (YoY) 2.9% 4.2% Central Bank Policy Rate 4.50% 5.25% Market-Implied Cut (Sept 2024) ~25 bps ~40 bps This data landscape creates a complex environment for the EUR/GBP cross. The Euro benefits from expectations of a slower, more measured easing cycle from the ECB. Conversely, the Pound faces pressure from higher current inflation, which paradoxically forces the BoE to maintain a restrictive stance for longer, but also from political uncertainty ahead of a general election. Central Bank Policy Divergence and Market Impact The core narrative for EUR/GBP revolves around the policy paths of the ECB and the Bank of England. The ECB’s hawkish rhetoric acts as a primary buffer for the Euro. Officials have repeatedly stated that victory over inflation is not yet assured and that future decisions will rely strictly on incoming economic figures. This commitment to data dependence reduces the likelihood of a pre-emptive, aggressive cutting cycle. Therefore, it anchors Euro yields and attracts defensive capital flows. In contrast, the Bank of England navigates a more challenging domestic picture. While inflation remains above target, signs of economic weakening are becoming more pronounced. Recent PMI data indicated contraction in the services sector. Consequently, the Monetary Policy Committee faces a difficult balancing act between taming price growth and avoiding a deep recession. This duality creates volatility for Sterling, as traders attempt to price in the timing and scale of a necessary policy shift. Expert Analysis on Near-Term Trajectory Market analysts highlight several key levels and factors. “The 0.8700 zone represents a critical technical confluence,” notes a senior strategist at a major European bank. “A sustained break below could open the path toward 0.8650. However, the ECB’s firm messaging on fighting inflation second-round effects provides a solid fundamental floor.” This view is echoed by institutional research desks, which point to positioning data. Specifically, speculative net-short positions on the Euro have been trimmed recently, suggesting reduced bearish conviction. Moreover, broader risk sentiment plays a supporting role. During periods of market stress or risk aversion, the Euro often functions as a funding currency, but its current yield advantage over the Swiss Franc and Japanese Yen mitigates this dynamic. Meanwhile, the Pound’s correlation with global equity markets means it can underperform when growth concerns escalate. The interplay of these factors ensures that EUR/GBP remains a focal point for macro traders assessing relative economic strength within Europe. Economic Context and Historical Comparisons To understand the current move, historical context is essential. The EUR/GBP pair has traded within a broad range over the past two years, largely between 0.8500 and 0.8900. Movements beyond these extremes have typically required a significant policy shock or major economic divergence. The present environment lacks such a clear catalyst. Instead, we observe a grinding adjustment to incremental data releases and central bank commentary. The Eurozone’s current account surplus continues to provide structural support for the single currency. This surplus reflects the region’s export strength and results in consistent underlying demand for Euros in global trade settlements. On the other hand, the UK’s persistent current account deficit creates a headwind for Sterling, requiring continuous capital inflows to balance. These fundamental flows operate in the background, often amplifying or dampening shorter-term moves driven by interest rate speculation. Key factors to monitor in the coming weeks include: Eurozone Wage Growth Data: The ECB’s primary concern for sustaining inflation. UK GDP Revisions: Signs of economic contraction could force the BoE’s hand. Political Developments: UK election rhetoric and EU fiscal rule negotiations. Energy Prices: A spike in natural gas costs would disproportionately affect Europe. Conclusion The EUR/GBP pair’s test of the 0.8700 level highlights the ongoing market assessment of transatlantic monetary policy. While near-term pressure exists, the European Central Bank’s unwavering hawkish stance fundamentally cushions the Euro’s downside. The path forward for the cross rate will depend overwhelmingly on the evolving inflation and growth data from both economies. Traders should prepare for continued volatility around key technical levels as the market digests each new piece of information from Frankfurt and London. Ultimately, the EUR/GBP exchange rate remains a critical barometer of relative European economic health and policy expectations. FAQs Q1: What does a “hawkish” ECB stance mean for the Euro? A hawkish stance indicates the central bank is prioritizing the fight against inflation and is inclined to maintain higher interest rates or reduce its balance sheet. This typically supports a currency by making deposits in that currency more attractive, attracting foreign capital. Q2: Why is the 0.8700 level significant for EUR/GBP? The 0.8700 level is a major psychological and technical round number. It has acted as both support and resistance multiple times in recent history, making it a key focus for traders. A decisive break can trigger automated trading and signal a shift in market sentiment. Q3: How does UK inflation data affect the Pound against the Euro? Higher-than-expected UK inflation data can strengthen the Pound (lower EUR/GBP) because it suggests the Bank of England may need to delay interest rate cuts or maintain higher rates for longer to combat inflation, increasing the yield appeal of Sterling. Q4: What is the main difference between the ECB and BoE policy approaches currently? The ECB has been more unified and explicit in its communication, emphasizing data dependence and caution against declaring premature victory over inflation. The BoE faces a more split committee and a complex domestic economy with both stubborn inflation and weak growth, leading to less clear forward guidance. Q5: What broader economic factors influence the EUR/GBP exchange rate beyond interest rates? Key factors include relative economic growth (GDP), current account balances (trade and investment flows), political stability, energy prices (affecting Europe more directly), and overall global risk sentiment, which influences capital flows into and out of both regions. This post EUR/GBP Analysis: Hawkish ECB Stance Shields Euro as Pair Tests 0.8700 Support first appeared on BitcoinWorld .

8 Apr 2026, 06:00

U.S. bank with $1.9 trillion in assets could debut its bitcoin ETF Wednesday

Morgan Stanley's bitcoin ETF could start trading on NYSE on Wednesday under the ticker MSBT.

8 Apr 2026, 06:00

USD/INR Tumbles: Dramatic Fall Follows US-Iran Ceasefire as RBI Holds Repo Rate Steady at 5.25%

BitcoinWorld USD/INR Tumbles: Dramatic Fall Follows US-Iran Ceasefire as RBI Holds Repo Rate Steady at 5.25% The Indian rupee surged against the US dollar in early trading on Thursday, March 13, 2025, following a significant geopolitical development and a key domestic monetary policy decision. The USD/INR pair tumbled sharply after the announcement of a two-week ceasefire between the United States and Iran, which immediately eased global risk sentiment. Concurrently, the Reserve Bank of India’s Monetary Policy Committee opted to leave the benchmark repo rate unchanged at 5.25%, a move widely anticipated by market analysts. USD/INR Exchange Rate Reacts to Geopolitical Shift The currency market witnessed immediate volatility following the ceasefire announcement. The USD/INR pair, which had been trading near 83.45 in the previous session, fell precipitously to breach the 83.20 support level. This movement represents one of the most significant single-day declines for the pair in recent months. Consequently, market participants rapidly adjusted their portfolios away from traditional safe-haven assets like the US dollar. Geopolitical tensions in the Middle East have historically exerted substantial influence on emerging market currencies, including the Indian rupee. The prospect of reduced conflict directly lowers the perceived risk premium attached to these assets. Furthermore, analysts point to a potential stabilization in global oil prices as a key secondary effect. India, as a major crude oil importer, remains highly sensitive to fluctuations in energy costs. RBI Monetary Policy Committee Holds Steady at 5.25% In a parallel development, the Reserve Bank of India concluded its bi-monthly monetary policy review. The six-member MPC unanimously voted to maintain the status quo on the key lending rate. Governor Shaktikanta Das, addressing the media, emphasized the committee’s continued focus on aligning inflation with the 4% target while supporting growth. The central bank also retained its stance of “withdrawal of accommodation.” The decision reflects a balanced approach amid evolving economic data. Recent Consumer Price Index figures have shown moderation, yet core inflation remains persistent. The RBI’s forecasts indicate a gradual easing of price pressures over the coming fiscal year. Simultaneously, high-frequency indicators suggest robust economic activity, giving the MPC room to prioritize inflation management. Expert Analysis on the Dual Market Drivers Financial experts highlight the rare confluence of a major geopolitical event and a scheduled policy announcement. Dr. Anjali Verma, Chief Economist at a leading brokerage, noted, “The ceasefire provided an immediate sentiment boost, while the RBI’s predictable hold offered stability. The combined effect created a perfect environment for rupee appreciation.” She further explained that foreign institutional investors often view such stability positively, potentially leading to increased capital inflows. The trajectory of the rupee will now depend on several factors. First, the sustainability of the ceasefire and subsequent diplomatic talks will be critical. Second, domestic inflation trends and the RBI’s future policy path will guide medium-term direction. Finally, the broader strength of the US dollar, influenced by Federal Reserve policy, remains an external variable. Historical Context and Market Comparisons This event invites comparison to previous episodes of geopolitical easing. For instance, the rupee also strengthened during de-escalation phases in the Russia-Ukraine conflict. However, the direct impact on oil prices gives the US-Iran situation particular weight for India’s trade balance. A table of recent RBI policy decisions provides further context: Meeting Date Repo Rate Primary Stance Key Driver Dec 2024 5.25% Withdrawal of Accommodation Persistent Core Inflation Oct 2024 5.25% Withdrawal of Accommodation Growth-Inflation Balance Aug 2024 5.50% Withdrawal of Accommodation Elevated Food Inflation The current scenario underscores the interconnected nature of modern finance. A development in West Asia can swiftly alter capital flows into Indian markets. Meanwhile, the RBI’s commitment to its inflation target provides a crucial anchor for the domestic economy. Market participants will now monitor several key indicators: Ceasefire Durability: Any breakdown in talks could reverse currency gains. Crude Oil Prices: Sustained lower prices improve India’s fiscal outlook. US Federal Reserve Policy: Future rate cuts could weaken the dollar globally. Domestic Inflation Print: Next CPI data will shape RBI’s June policy. Conclusion The USD/INR pair experienced a dramatic tumble driven by the twin forces of geopolitical de-escalation and domestic policy continuity. The US-Iran ceasefire provided the initial catalyst for rupee strength, easing global risk aversion. Subsequently, the RBI’s decision to hold the repo rate at 5.25% reinforced market stability. The path forward for the exchange rate will hinge on the longevity of the peace initiative, movements in commodity markets, and evolving macroeconomic data. This episode vividly demonstrates how global events and central bank policy jointly shape currency valuations in an interconnected world. FAQs Q1: Why did the USD/INR exchange rate fall so sharply? The fall was primarily triggered by a two-week ceasefire between the US and Iran, which reduced global geopolitical risk. This made emerging market assets like the Indian rupee more attractive compared to the safe-haven US dollar. Q2: What is the significance of the RBI keeping the repo rate at 5.25%? It signals the central bank’s continued focus on bringing inflation down to its 4% target while supporting economic growth. It provides policy predictability to financial markets. Q3: How does a US-Iran ceasefire affect the Indian rupee? It reduces the risk premium on emerging market currencies and can lead to lower global oil prices. Since India is a major oil importer, cheaper crude improves its trade balance and strengthens the rupee. Q4: Will the rupee’s strength be sustained? Sustainability depends on whether the ceasefire holds, the trend in oil prices, domestic inflation data, and the monetary policy paths of both the RBI and the US Federal Reserve. Q5: What is the RBI’s current monetary policy stance? The RBI has maintained its stance of “withdrawal of accommodation,” meaning it is focused on removing the excess liquidity from the financial system that was added during the pandemic to ensure inflation remains under control. This post USD/INR Tumbles: Dramatic Fall Follows US-Iran Ceasefire as RBI Holds Repo Rate Steady at 5.25% first appeared on BitcoinWorld .

8 Apr 2026, 05:47

Gold Price Retreats from Three-Week Peak, Stabilizes Near $4,800 as US-Iran Ceasefire Talks Unsettle the Dollar

BitcoinWorld Gold Price Retreats from Three-Week Peak, Stabilizes Near $4,800 as US-Iran Ceasefire Talks Unsettle the Dollar Gold prices have retreated from a significant three-week high, stabilizing around the $4,800 per ounce mark as geopolitical developments between the United States and Iran introduce fresh volatility into currency markets. This price action, observed in global trading sessions, directly reflects shifting investor sentiment as diplomatic efforts progress. Consequently, the US Dollar faces downward pressure, altering the traditional safe-haven calculus for precious metals. Market analysts now scrutinize these movements for clues about longer-term trends in both forex and commodity sectors. Gold Price Dynamics and Key Market Drivers The recent pullback in gold from its three-week peak highlights the metal’s sensitive relationship with global currency valuations and geopolitical risk. Historically, gold serves as a hedge against inflation and currency devaluation. Therefore, any factor influencing the US Dollar’s strength creates immediate ripple effects. The current diplomatic dialogue between Washington and Tehran represents a primary catalyst. A potential ceasefire agreement reduces immediate fears of a broader regional conflict. This development typically diminishes demand for traditional safe-haven assets like gold, prompting profit-taking after a rally. Simultaneously, the prospect of reduced Middle East tensions pressures the US Dollar. The Dollar Index (DXY), which measures the USD against a basket of major currencies, often weakens when immediate geopolitical risks subside. A weaker dollar makes dollar-denominated commodities like gold cheaper for holders of other currencies. This dynamic can provide underlying support for prices even during a technical correction. Market data from major exchanges shows trading volume spiked during the announcement period, indicating high institutional interest. Analyzing the US-Iran Diplomatic Context The diplomatic engagement between the US and Iran follows months of heightened tensions. Previous periods of escalation saw gold prices surge as investors sought safety. The current talks, mediated through indirect channels, aim to establish a durable ceasefire framework. Financial markets react to the probability of success. For instance, reduced risk premium gets priced out of oil and gold markets first. Experts from leading financial institutions note that the gold market’s reaction is more nuanced than a simple risk-off shift. It involves recalculating future Federal Reserve policy paths amidst a changing geopolitical landscape. The ceasefire talks could influence global energy prices, thereby affecting inflation expectations—a core driver for long-term gold investment. Historical precedent shows that similar diplomatic breakthroughs in 2015 and 2021 led to short-term gold sell-offs, followed by consolidation phases. The current price holding near $4,800 suggests a strong foundational support level, likely tied to persistent macroeconomic uncertainties beyond the Middle East. The US Dollar’s Role in Precious Metals Valuation The inverse correlation between the US Dollar and gold prices remains a cornerstone of commodity market analysis. A weaker dollar boosts gold’s attractiveness, and recent trading patterns confirm this relationship. The dollar’s pressure stems from two interconnected factors related to the US-Iran situation. First, reduced safe-haven demand for the currency itself. Second, altered expectations for US foreign policy and potential fiscal adjustments. Treasury yields and real interest rate expectations also play a critical role in gold’s valuation model. When the dollar weakens, international buyers find gold more affordable. This often increases physical demand from key markets like China and India. Central bank purchasing programs, which have been robust in recent years, may also view price dips as buying opportunities. Data from the World Gold Council indicates that central banks added significant tonnage to reserves in the last quarter, providing a structural demand floor. Therefore, the current price ease is viewed by many analysts as a healthy correction within a broader bullish trend, rather than a reversal. Technical and Fundamental Support Levels From a chart perspective, the $4,800 level has emerged as a crucial zone of contention. This price area acted as resistance in previous months and now appears to be testing as support. Key moving averages, such as the 50-day and 200-day, converge nearby, adding to its technical significance. Fundamentally, production costs for major mining companies provide a baseline. The global average all-in sustaining cost (AISC) for gold mining sits considerably below current prices, but inflationary pressures on energy and labor are squeezing margins. This cost pressure can limit the downside for gold, as it reduces the incentive for miners to increase supply. Furthermore, exchange-traded fund (ETF) holdings, a gauge of institutional investment, have shown resilience. While some profit-taking occurred after the peak, outflows have been modest compared to the inflows witnessed during the prior rally. This suggests a committed long-term holder base is maintaining positions, anticipating further currency debasement or inflationary pressures despite short-term geopolitical developments. Broader Market Impacts and Trader Sentiment The movement in gold reverberates across related asset classes. Silver and platinum, often grouped as precious metals, typically exhibit correlated but more volatile price action. Equity markets, particularly mining stocks, react sharply to changes in the underlying commodity price. The VanEck Gold Miners ETF (GDX), for example, often amplifies the moves of physical gold. Currency pairs like AUD/USD and USD/CHF, which have commodity and safe-haven characteristics respectively, also feel the indirect effects. Trader sentiment, measured by the Commitments of Traders (COT) reports from the CFTC, provides insight into positioning. In recent weeks, managed money accounts—often hedge funds—had built sizable long positions in gold futures. The recent price ease likely triggered some long liquidation. However, commercial hedgers (often producers) have maintained a significant short position, indicating their view of fair value. This creates a balanced but tense market structure where any new fundamental catalyst can trigger the next directional move. Expert Analysis on Future Trajectories Market strategists from firms like Goldman Sachs and JP Morgan emphasize a multi-factor outlook for gold. While geopolitics cause short-term noise, longer-term drivers dominate their models. These drivers include: Real Interest Rates: The primary financial determinant for non-yielding assets. Central Bank Demand: A structural shift in global reserve management. Inflation Expectations: Measured by breakeven rates in the bond market. USD Trajectory: Influenced by relative global growth and Fed policy. The US-Iran ceasefire talks, while significant, are viewed as one variable within this complex matrix. If a deal solidifies, the focus will swiftly return to macroeconomic data, particularly US employment and inflation figures, and the Federal Reserve’s corresponding policy signals. The consensus among experts is that gold’s bull market is not contingent on perpetual geopolitical crisis but is underpinned by enduring fiscal and monetary trends that debase fiat currency value over time. Conclusion The gold price has demonstrated characteristic sensitivity, easing from a three-week high to consolidate near $4,800 per ounce. This movement is directly tied to evolving US-Iran ceasefire talks, which apply fresh pressure to the US Dollar and recalibrate short-term risk appetite. However, the metal’s underlying fundamentals remain robust, supported by central bank buying, inflationary concerns, and its role as a currency hedge. While geopolitical developments provide clear catalysts, the long-term trajectory for the gold price will ultimately be dictated by the interplay of global interest rates, dollar strength, and sustained investment demand. Markets now await the next chapter in both diplomacy and economic data. FAQs Q1: Why does a US-Iran ceasefire talk affect the gold price? A potential ceasefire reduces immediate geopolitical risk, diminishing gold’s appeal as a safe-haven asset. This often leads to profit-taking after a risk-driven rally, while also weakening the US Dollar—a key inverse driver for gold. Q2: What is the main support level for gold currently? The $4,800 per ounce level has emerged as a critical technical and psychological support zone, coinciding with key moving averages and previous resistance, making it a focal point for traders. Q3: How does a weaker US Dollar support gold prices? Gold is priced in US Dollars globally. A weaker dollar makes gold cheaper for investors using other currencies, potentially increasing international demand and providing price support. Q4: Are other precious metals affected similarly? Yes, silver and platinum typically move in correlation with gold, though often with higher volatility. Their industrial demand components can cause divergences during specific economic conditions. Q5: What are the long-term drivers for gold beyond geopolitics? Long-term drivers include real interest rates (adjusted for inflation), central bank reserve purchasing trends, global currency debasement concerns, and broader macroeconomic instability. This post Gold Price Retreats from Three-Week Peak, Stabilizes Near $4,800 as US-Iran Ceasefire Talks Unsettle the Dollar first appeared on BitcoinWorld .

8 Apr 2026, 05:41

Morgan Stanley Debuts Bitcoin ETF on NYSE Arca Today

Even though the bank is entering a very competitive space dominated by BlackRock and Fidelity Investments, the firm is positioning itself aggressively with a low 0.14% fee and leveraging its vast advisor network to drive adoption. Morgan Stanley also has plans for additional crypto ETFs and expanded services like custody, trading, and staking. MSBT Bitcoin ETF Debuts on NYSE Morgan Stanley is making a big move into the cryptocurrency market with the launch of its Bitcoin exchange-traded fund (ETF), the Morgan Stanley Bitcoin Trust (MSBT), on NYSE Arca. The fund is scheduled to debut today on April 8, making Morgan Stanley the first major commercial bank in the United States to offer a spot Bitcoin ETF. NYSE MSBT listing notice (Source: NYSE) The MSBT launch comes at a time when the Bitcoin ETF market is already highly competitive. Major players like BlackRock, with its iShares Bitcoin Trust (IBIT), and Fidelity Investments, with its Wise Origin Bitcoin Fund (FBTC), have dominated the space since their launches in early 2024. Together, these funds have attracted tens of billions of dollars in inflows. Morgan Stanley is taking an aggressive approach by setting a low management fee of 0.14%, which could place pressure on rival issuers to reduce their own fees to stay competitive. Industry analysts have pointed out that Morgan Stanley’s extensive network of financial advisors could also play a critical role in driving adoption of the new ETF. Bloomberg analyst Eric Balchunas said that the firm’s advisors oversee trillions of dollars in client assets, which makes them key gatekeepers to a large pool of potential capital. This distribution advantage could help MSBT gain traction a lot more quickly than typical new entrants. To support its ETF operations, Morgan Stanley with Coinbase and Bank of New York Mellon as custodians, to ensure institutional-grade security and infrastructure for the fund. Beyond MSBT, the bank has other ambitions in the digital asset space. It has applied for a national trust banking charter that will allow it to expand into crypto custody, trading, and staking services. Additionally, Morgan Stanley has already filed proposals for other crypto-based investment products, including a staked Ether ETF and a Solana ETF. These moves, along with leadership changes like appointing Amy Oldenburg to head its digital asset division, all prove that the bank is preparing to expand in the crypto market.