❕ OKX Denies Regulatory Probe & Bybit Hack Allegations

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 Bybit’s security failures.

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📣 Paradigm Leads $82M Series B for Crypto Payments Network Mesh

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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📣 Congress Debates Stablecoin Framework, Rejects CBDC Expansion

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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📣 Standard Chartered Explains Bitcoin's Drop

Bitcoin’s decline is linked to broader risk asset sell-offs, not crypto-specific factors, says Standard Chartered’s Jeff Kendrick. He highlights Bitcoin’s 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 Raises $30M for Blockchain Interoperability

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 Axelar’s cross-chain connections, reinforcing its position as a non-custodial, open-source interoperability protocol.

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❕ South Korea to Lift Institutional Crypto Investment Ban in Q3

South Korea’s Financial Services Commission (FSC) will release crypto investment guidelines in Q3, enabling institutional participation. The move marks a shift from the country’s 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: Trump's Bitcoin Reserve Order Is a Turning Point

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 Trump’s directive for a BTC purchasing strategy—without using taxpayer funds—is expected by May 5.

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💰 Binance Secures $2B Investment from Abu Dhabi’s MGX

Abu Dhabi-based MGX has acquired a $2 billion minority stake in Binance, marking the exchange’s first institutional investment. The deal strengthens Binance’s position in the UAE, a key hub for blockchain innovation with clear regulatory frameworks.

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📣 Bank of Russia Introduces Experimental Crypto Trading Program

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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❕ Hyperliquid Loses $4M After Whale’s $335M Ethereum Trade

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 Launches 1M BGB Staking Pool with 5% APY

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 BGB’s utility in the on-chain ecosystem.

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❕ SEC Reportedly Preparing to Drop Ripple Lawsuit

The SEC is rumored to be wrapping up its case against Ripple, with delays attributed to Ripple negotiating better settlement terms. The company’s 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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❕ SEC Delays Fidelity's Ethereum ETF Decision Until May

The SEC has postponed its decision on Fidelity’s 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 Seeks Interpol Red Notice in Libra Memecoin Scandal

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 Milei’s sister. With legal battles intensifying, the case could have major implications for Argentina’s crypto regulations and political landscape.

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📣 Trump’s Cabinet Members Disclose Significant Bitcoin Holdings

Financial disclosures reveal that six of Trump’s 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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❕ SEC Weighs XRP Commodity Status Amid ETF Speculation

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. XRP’s 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 Bitcoin’s ETF approval.

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📣 Trump’s Crypto Project Reportedly Engaged Binance, CZ Denies

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 SEC’s lawsuit against the exchange remains unresolved.

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📣 Circle Expands Tokenized Finance with Hashnote TMMF

Circle is integrating Hashnote TMMF, a $1B tokenized money market fund, under Bermuda’s 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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📣 BlackRock’s iShares Denies HYPE ETF Application Rumors

BlackRock’s 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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❕ Democrats Oppose Trump’s Bitcoin Reserve Plan

Democratic lawmakers, led by Rep. Gerald Connolly, urged the Treasury to halt Trump’s plan to establish a U.S. Bitcoin reserve, citing conflicts of interest and taxpayer risks. The move has triggered market concerns, with Bitcoin dropping 3.2% in the past 24 hours amid heightened volatility.

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