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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Democratic lawmakers, led by Rep. Gerald Connolly, urged the Treasury to halt Trumpโs 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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Trezor patched a security flaw in its Safe 3 hardware wallet after it was identified by Ledgerโs research team. The vulnerability, linked to the deviceโs microcontroller, posed a risk in case of physical theft. Trezor confirmed that Safe 5 models remain unaffected and reassured users that funds were never at risk. Future models will feature enhanced security measures.
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World Liberty Financialโs token sale concluded with $590 million raised, making it one of the largest in crypto history. Early struggles were offset by Justin Sunโs $75M investment and the TRUMP memecoin hype. WLFI has since allocated $339M into various crypto assets but faces significant unrealized losses.
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Three Arrows Capital (3AC) secured court approval to expand its FTX claim from $120M to $1.5B, citing wrongful asset liquidation. FTX debtors opposed the move, arguing it disrupts reorganization, but the court ruled in 3ACโs favor. The case could set a precedent for future crypto bankruptcy disputes.
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Solana validators have voted against proposal SIMD-0228, which aimed to introduce a dynamic emission model to reduce inflation. The proposal received only 43.6% approval, falling short of the required 66.67%. Despite the rejection, proponents see the vote as a milestone for governance participation in the Solana ecosystem.
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Lawmakers are pushing a bill to solidify Trumpโs executive order establishing a U.S. strategic Bitcoin reserve. The legislation would prevent future administrations from reversing the policy, protecting 200,000 BTC from potential liquidation. Supporters see it as a step toward recognizing Bitcoin as โdigital gold.โ
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Russia is increasingly using Bitcoin, Ethereum, and USDT in oil trade with China and India to evade Western sanctions. Legislative changes in December 2024 enabled crypto-based international payments, allowing Russian firms to bypass restrictions. Despite regulatory risks, crypto adoption in Russian trade continues to expand.
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Hamster Kombatโs Layer 2 blockchain has seen a massive decline, with daily transactions plummeting from 150 million at launch to just 38,400 on March 14. Network throughput has dropped from 34,028 TPS to 0.6 TPS, raising concerns about the long-term viability of the once-popular Telegram-based game.
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