Taproot Wizards will begin minting on March 25 at 0.2 BTC (~$16,000) for top supporters, with a Dutch auction for others. The 2,085-piece Ordinals collection follows Quantum Cats and is backed by a $30M raise led by Standard Crypto. Despite the Ordinals downturn, Quantum Cats have remained stable, trading between 0.2โ0.35 BTC in recent months.
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OKX refuted reports of an EU investigation into its Web3 services and denied claims of laundering $100M stolen from Bybit. The exchange stated it froze related funds and blocked compromised addresses while criticizing Bybitโs security failures.
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Mesh secured $82M in a Series B round led by Paradigm, with Consensys, QuantumLight Capital, and others joining. The funding, settled mostly in PYUSD, will help Mesh expand its Web3 payments system, allowing users to pay with BTC, ETH, or SOL while merchants receive stablecoins like USDC.
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U.S. lawmakers discussed stablecoins' role in modernizing payments while rejecting CBDCs during a March 11 hearing. Officials argued stablecoins enhance dollar dominance without excessive government control, while a CBDC would centralize financial power. The STABLE Act, aimed at regulating stablecoin issuers, was a key topic, with industry leaders emphasizing clear regulations to prevent innovation from moving overseas.
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Bitcoinโs decline is linked to broader risk asset sell-offs, not crypto-specific factors, says Standard Charteredโs Jeff Kendrick. He highlights Bitcoinโs correlation with tech stocks and notes that recovery depends on improved market conditions or positive crypto news, like government Bitcoin purchases. A potential Fed rate cut in May could act as a catalyst, but a further drop below $76,500 may push BTC toward $69,000. Despite volatility, Kendrick maintains his $200,000 target.
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Axelar Foundation secured $30 million through a strategic token sale to support institutional blockchain integration and real-world asset tokenization. Investors include Arrington Capital, Electric Capital, and Laser Digital. The funding will expand Axelarโs cross-chain connections, reinforcing its position as a non-custodial, open-source interoperability protocol.
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South Koreaโs Financial Services Commission (FSC) will release crypto investment guidelines in Q3, enabling institutional participation. The move marks a shift from the countryโs previous restrictions and could significantly boost market liquidity. The FSC is also advancing its second crypto regulatory framework, focusing on stablecoins and stricter compliance measures for exchanges.
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K33 Research analysts argue that the recent market sell-off is driven by global recession fears, not fading enthusiasm over Trump's Bitcoin reserve order. They emphasize that the U.S. Bitcoin reserve is a major step in legitimizing BTC as a global store of value. Despite market volatility, they view current price levels as a strong buying opportunity. The report also highlights that Trumpโs directive for a BTC purchasing strategyโwithout using taxpayer fundsโis expected by May 5.
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Abu Dhabi-based MGX has acquired a $2 billion minority stake in Binance, marking the exchangeโs first institutional investment. The deal strengthens Binanceโs position in the UAE, a key hub for blockchain innovation with clear regulatory frameworks.
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The Bank of Russia has proposed a three-year pilot program allowing select high-net-worth investors and financial institutions to trade cryptocurrencies under strict regulations. Retail investors remain excluded, and crypto is still not recognized as legal tender. The initiative aims to assess the impact of regulated crypto trading while maintaining strict controls on broader usage.
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A whale executed a long position on Ethereum worth over $335 million on Hyperliquid, resulting in a $4 million loss for the platform's liquidity pool. The trader closed part of the position and was later liquidated, securing a $1.86 million profit. In response, Hyperliquid announced updates to its leverage limits, reducing max leverage to 40x for Bitcoin and 25x for Ethereum.
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Bitget Wallet has introduced a 1 million BGB staking pool offering a fixed 5% APY. Participants must lock their tokens for 90 days, with a maximum limit of 2,000 BGB per user. Rewards are distributed in real-time on a first-come, first-served basis, enhancing BGBโs utility in the on-chain ecosystem.
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The SEC is rumored to be wrapping up its case against Ripple, with delays attributed to Ripple negotiating better settlement terms. The companyโs legal team is seeking to remove penalties from the August 2024 ruling, including a $125 million fine and restrictions on institutional XRP sales. XRP's price has responded positively, with expectations of further bullish momentum if the case is dismissed.
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The SEC has postponed its decision on Fidelityโs Ethereum spot ETF, pushing any potential approval to May 14, 2025. The delay highlights ongoing regulatory caution, affecting market sentiment as ETH trades at $1,888, down 1% in the last 24 hours. Fidelity CEO Abigail Johnson reaffirmed the company's commitment to launching crypto products, despite the setback. Investors remain cautious, awaiting further regulatory developments.
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Argentina has requested Interpol action against Hayden Davis, accusing him of orchestrating the $100M LIBRA token rug pull. The token, promoted by President Javier Milei, surged to a $4.5B market cap before crashing. Investigators are now probing possible ties between Davis and high-ranking officials, including Mileiโs sister. With legal battles intensifying, the case could have major implications for Argentinaโs crypto regulations and political landscape.
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Financial disclosures reveal that six of Trumpโs cabinet nominees, including Sean Duffy and Scott Bessent, hold Bitcoin and related investments ranging from $15,000 to $5M. The revelation underscores growing political acceptance of crypto and could influence future regulations. Market analysts suggest these high-profile investments may boost institutional confidence in Bitcoin.
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The SEC is deliberating whether XRP should be classified as a commodity, sparking market speculation. Ripple CEO Brad Garlinghouse welcomed the SEC's acknowledgment of XRP ETF filings, but regulatory clarity is still pending. XRPโs price rose 3.2% in 24 hours as investors reacted to the news. Analysts suggest that a commodity classification could stabilize the market, similar to Bitcoinโs ETF approval.
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World Liberty Financial, a Trump-backed crypto project, reportedly discussed a stablecoin partnership with Binance and a potential stake in Binance.US. However, Binance founder CZ denied any involvement, calling the reports speculative. Meanwhile, the Trump administration is revising regulations that could impact Binance, while the SECโs lawsuit against the exchange remains unresolved.
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Circle is integrating Hashnote TMMF, a $1B tokenized money market fund, under Bermudaโs regulatory framework. The move aims to enhance compliance and transparency while merging USYC, the largest tokenized treasury fund, with USDC stablecoin. Circle sees Bermuda as a strategic hub for its tokenized finance expansion.
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BlackRockโs iShares was rumored to have applied for a spot HYPE ETF, but no official confirmation has been provided. The speculation stirred market interest, but without evidence or regulatory filings, the reports remain unverified. Investors await clarity from BlackRock or financial authorities.
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