It was a week’s red in crypto and traditional markets where Bitcoin fell under $ 80,000 on March 10 and ETH dropped to $ 1,821 the same day. So much for the “Trump -BLOD.” With the new administration on a duty toe this week, the markets were spooked on a recession and crypto was not immune.
Still, progress with digital assets around and our journalists reported it all with Alacrity. Blackrock’s Bellwether Buidl Fund topped $ 1 billion and tokenized Treasury hit $ 4.2 billion, Kris Sandor reported. Moonpay, a payment unit, made an important stableecoin acquisition, wrote Will Canny. Ripple won a payment license in UAE (Shaurya Malwa). OKX won a license to operate in Europe, Camomile Shumba reported. Coinbase announced plans to offer 24/7 futures trade in the United States, Helene Braun reported.
There was also great legislative news. The American House voted to overthrow IRS’s controversial “Broker Rule” in a major victory for defi operators. And a Senate Committee voted to send the brilliant stableecoin bill on the floor before the probable approval there.
The Trump family continued to be the front-and-center in Crypto News. World Liberty Financial ended a token sale of $ 590 million (for accredited investors for now) with an assist from the adviser/investor and Tron -founder Justin Sun. The Wall Street Journal reported that a Trump family representative also explored to buy a share in Binance.us through the World Liberty Financial.
From our Asia team, Sam Reynolds investigated how the latest draft of the Genius Act aims to divide stableecoin regulation between state and federal authorities.
Parikshit Mishra reported Coinbase returning to India after a two-year hiatus, discussing the discussion about Krypto’s future in India.
Shaurya Malwa continued her excellent reporting of XRP and pushed several reports of Ripple. Malwa also reported the implications of over -development in the crypto market when Hyperliquid lost $ 4 million due to a massive geared trade in ETH.
The Market Stomach, Omrar Godbole, pushed a timely piece out of Bitcoin’s Bullish signal ahead of the US CPI report, and was also early to spot how Eric Trump’s tweet at Crypto created short-lived dealers for disappointment.
Meanwhile, Tom Carreras had an excellent feature of where Bitdeer, a Singapore-based miner, hopes to shake up the mining machine market.
Hopefully next week brings better news in the markets. But no matter what, our journalists will be there to cover what matters.
