U.S. senators negotiate stablecoin yield compromise to advance stalled CLARITY Act, assuring no deposit risk at ABA summit.
Jefferies analysts warn stablecoin growth could cause 3-5% core deposit runoff over five years, eroding U.S. bank earnings by ~3% via higher funding costs and fee pressure.
Multicoin Capital predicts "Internet Labor Markets" (ILM)—networks paying crypto for work like data labeling or bandwidth—will drive crypto's next adoption wave by earning rather than buying tokens.
Market Updates
Aave experiences ~$27M in liquidations on March 10 due to a temporary wstETH pricing glitch in its CAPO risk oracle, causing unfair under-collateralization.
Bitcoin slumps below $68,000 and oil prices surge nearly 20%.
Florida legislature passes Senate Bill 314, the first U.S. state-level framework regulating payment stablecoin issuers, awaiting Gov. DeSantis' signature.
U.S. Treasury report to Congress acknowledges crypto mixers' legitimate privacy uses while recommending a "hold law" for freezing suspicious assets.
Market Updates
Kalshi and Polymarket explore fundraising at ~$20B valuations each, roughly doubling prior rounds.
Trump urges swift passage of CLARITY Act on Truth Social, accusing banks of undermining GENIUS Act and holding crypto legislation 'hostage.'
Indiana Governor Mike Braun signs HB 1042 into law, requiring state retirement/savings plans to offer self-directed brokerage with at least one crypto investment option by July 2027.
ARK Invest bought ~$4.09M in Coinbase and $12.06M in Robinhood shares on Tuesday
Market Updates
Ripple expands Ripple Payments into full-stack end-to-end stablecoin infrastructure (custody, virtual accounts, fiat-stablecoin rails) as total processed volume exceeds $100 billion.
U.S. spot Bitcoin ETFs recorded $458 million net inflows on March 2, led by BlackRock's IBIT with $263 million.
Bank of Japan to test blockchain-based settlement for central bank reserves via sandbox, per Governor Ueda.
U.S. Senate advances bipartisan "21st Century ROAD to Housing Act" with provision banning Fed-issued CBDC until Dec 31, 2030.
Market Updates
Core Scientific's Q4 revenue fell to $79.8M and mining revenue dropped to $42.2M.
Pump.fun mobile app adds support for tokens from rival Solana launchpads (e.g., Raydium, Meteora), Wormhole-bridged WBTC/WETH, and non-native assets like GIGA/PENGU.
Tether makes a $200 million strategic investment in digital marketplace Whop (valuing it at $1.6 billion) to integrate USDT and other stablecoin payments via Tether's wallet tools for its 18+ million users.
Bitcoin briefly touched $70,000 before fading to around $68,300, while altcoins led the strongest bounce in weeks with Ether +8.5%, Solana +6.9%, Cardano +10.8%, and Dogecoin +8.3%.
Market Updates
World Liberty Financial proposes WLFI Governance Staking System.
ETHZilla rebrands to Forum Markets, pivots to tokenized real-world assets.
A growing number of crypto hedge funds have moved to cut risk and pile into cash, underscoring the impact of the post-October crash rout on professional investors.
Geopolitical tensions and a cautious tone in U.S. stocks are keeping risk appetite in check, and some strategists warn of a potential retest of 2024 lows before a more sustained recovery.
Market Updates
Ripple CEO Brad Garlinghouse said he now sees a 90 percent chance that the long-debated Clarity Act will pass by the end of April, citing renewed momentum in Washington.
Simon Gerovich defended Metaplanet’s transparency, options based Bitcoin strategy, and accounting approach.
Crypto VC firm Dragonfly Capital closes its fourth fund at $650 million—exceeding its $500M target.
Stripe's stablecoin firm Bridge receives conditional OCC approval for a national trust bank charter, enabling stablecoin issuance, custody, and reserve management under federal oversight.
Market Updates
Elemental Royalty Corporation (ELE), a public gold royalty firm, announces its first dividend policy (US$0.12 annual per share, paid quarterly) and becomes the first such company to let qualifying shareholders elect to receive payouts in Tether's tokenized gold, XAUT, instead of cash.