Day

March 13, 2025

Solana CME futures tip impending US ETF approvals — Exec

March 13, 20250
The upcoming launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, signals that the first US SOL exchange-traded fund (ETF) listings are coming soon, Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph. On March 17, CME is preparing to launch SOL futures contracts. They will be among the...

L2 gaming activity spikes in February, but wallets decline — Report

March 13, 20250
Gaming activity on some layer-2 blockchains rose by over 20,000% in February 2025 while the number of daily unique active wallets (dUAWs) dropped, according to a report by DappRadar. Abstract, an Ethereum layer-2 blockchain developed by Igloo, the parent company of NFT collection Pudgy Penguins, led all chains with a growth of over 20,000% in...

DOGE proposes slashing Internal Revenue Service staff by 20%

March 13, 20250
The Department of Government Efficiency (DOGE) is reportedly proposing cutting the Internal Revenue Service’s (IRS) workforce by 20% in a change expected to take effect by May 15, 2025.According to CNN, the cuts would impact an estimated 6,800 employees at the government agency, in addition to the 6,700 probationary employees who have already been let...

DigiFT launches Invesco private credit token on Arbitrum

March 13, 20250
Digital asset exchange DigiFT has launched Invesco’s tokenized private credit strategy on Arbitrum, further expanding the use cases of real-world assets (RWA) and giving institutional investors access to onchain credit markets.According to a March 13 announcement, Invesco’s US Senior Loan Strategy (iSNR) token is now live on Arbitrum, a popular Ethereum layer-2 network.The tokenized asset...

AML Bitcoin creator convicted of wire fraud, money laundering

March 13, 20250
The founder of a cryptocurrency exchange whose namesake was tied to Anti-Money Laundering (AML) was found guilty of wire fraud and money laundering in a California court.In a March 12 trial in the US District Court for the Northern District of California, a jury found AML Bitcoin creator Rowland Marcus Andrade guilty of two felony...

Hyperliquid ups margin requirements after $4 million liquidation loss

March 13, 20250
Hyperliquid, a blockchain network specializing in trading, has increased margin requirements for traders after its liquidity pool lost millions of dollars during a massive Ether (ETH) liquidation, the network said. On March 12, a trader intentionally liquidated a roughly $200 million Ether long position, causing Hyperliquid’s liquidity pool, HLP, to lose $4 million, unwinding the trade. Starting...

Senate Banking Committee advances GENIUS stablecoin bill

March 13, 20250
The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote.None of the amendments proposed by Senator Elizabeth Warren made it into the bill, including her proposal to limit stablecoin issuance to banking institutions.“Without changes, this bill will supercharge the financing of...

Circle plans to bring $900M money market fund under DABA license

March 13, 20250
Circle, the creator of stablecoin USDC (USDC), announced on March 13 plans to bring its Hashnote Tokenized Money Market Fund (TMMF) under Bermuda regulatory oversight through the company’s existing Digital Assets Business Act (DABA) license.Hashnote, which Circle acquired in January 2025, is the issuer of USDY, the largest tokenized treasury and money market fund with a...

Banks push to block stablecoin legislation over market share fears

March 13, 20250
Bankers and their allies in the US Senate are pushing back against the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act over fears that stablecoins will disintermediate banks and erode banking market share.According to an article from American Banker, the bill requires 60 votes to pass in the Senate, meaning that at least...

Crypto regulation shifts as Bitcoin eyes $105K amid liquidity boost

March 13, 20250
Bitcoin (BTC) price has risen 8% from its March 11 low of $76,703, driven in part by large investors aggressively buying the dip with leverage. Margin longs on Bitfinex surged to their highest level since November 2024, adding 13,787 BTC over 17 days. Currently standing at $5.7 billion, this bullish leveraged positioning signals confidence in...
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