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The U.S. SEC plans to establish a new presidential cryptocurrency working group 2.0 to further promote digital asset regulation

according to the U.S. Securities and Exchange Commission (SEC), a new Presidential Cryptocurrency Working Group has been established to support the "SEC Crypto 2.0" initiative. The document states, "SEC should clarify that digital asset securities trading (both on-chain and off-chain) must comply with the same trading reporting requirements as traditional securities. Protecting retail investors, providing legal certainty for financial transactions, ensuring market integrity, and promoting financial innovation."

2025-03-25 09:07:50

Barbados-based insurer Tabit raises $40 million in Bitcoin for insurance facility

Tabit, an insurer based in Barbados, has successfully raised $40 million in Bitcoin to strengthen its balance sheet and enable the insurance industry to benefit from digital assets. The company announced on March 24 that its Bitcoin regulatory capital will be used to support traditional insurance policies denominated in US dollars. Tabit is proud to be the first property and casualty insurer to hold its entire regulatory reserve in BTC, founded by former Bittrex executives. Co-founder William Shihara expressed excitement about earning a regulated dollar return on Bitcoin, while CEO Stephen Stonberg highlighted the new source of insurance capital that Bitcoin provides. Tabit, a Bitcoin-backed insurer, obtained a Class 2 license from Barbados’ Financial Services Commission in January. The discussion surrounding cryptocurrency and insurance has mostly focused on aiding users in recovering financial losses and utilizing blockchain technology to enhance transparency in the industry. According to a report by Boston Consulting Group, the intersection of blockchain and insurance could present a $37 billion opportunity by 2030. There is a growing industry dedicated to connecting insurance brokers and underwriters with digital asset capital providers, with companies like Nayms and Ensuro facilitating these connections. Ensuro, for example, offers over 12,000 active policies with APYs reaching up to 22%.

2025-03-25 09:07:50

Redirecting Investment from Crypto to Stocks

Advocating for a crypto tax in the UK, Gordon believes it could shift investments towards local stocks and aid in economic growth. She highlighted the disparity between the high ownership of cryptocurrencies among the under-45 population in the UK and the lack of investment in traditional equities. Gordon's proposal includes reducing the stamp duty on shares listed on the London Stock Exchange to incentivize more people to invest in British businesses. She criticized cryptocurrencies as "non-productive assets" and emphasized the importance of equities in generating capital for businesses and supporting economic growth. Despite challenges facing the UK stock market, Gordon remains optimistic and believes that implementing crypto taxation could help revive the market and stimulate investment.

2025-03-25 09:07:48

CoinReg Tech proposes to the US SEC Cryptocurrency Working Group to revise the Exchange Act rules and other regulatory recommendations

 CoinReg Tech, a regulatory technology provider in the digital asset market, submitted regulatory suggestions to its cryptocurrency working group in its response to the U.S. Securities and Exchange Commission, including:

2025-03-25 09:07:48

Abu Dhabi’s ADGM Collaborates with Chainlink to Develop Compliant Tokenization Framework

Abu Dhabi Global Market (ADGM) has announced that it has signed a memorandum of understanding with Chainlink to collaborate on a compliance framework for tokenized assets. This collaboration will enable the Abu Dhabi Global Market to utilize Chainlink's blockchain tool suite, including price data support and interoperability services, to facilitate blockchain innovation within its regulatory institutions.

2025-03-25 09:07:46

Nostra: sSTRK and xSTRK price feed information is incorrect, which may cause the originally safe positions to be liquidated

Starknet ecosystem DeFi protocol Nostra Finance stated in a post that there were serious issues with the price feed information of xSTRK and sSTRK, causing their value to increase by about 3 times between blocks 1256310 and 1256360 on March 24th (for example, xSTRK rose from $0.1793 to $0.5897). This increase in price feed data could lead to unnecessarily liquidating originally secure positions. Without available backup oracles to support these assets, Nostra is unable to fully prevent similar events from happening.

2025-03-25 09:07:44

Binance HODLer Airdrop Launches Particle Network (PARTI)

 Binance HODLer airdrop is now online for the 13th project ParticleNetwork (PARTI). From 08:00 on March 7, 2025 to 07:59 on March 11, 2025 (Beijing time), users who use BNB to purchase products on the Earn Coin platform will receive PARTI airdrop rewards. Binance will launch PARTI on March 25, 2025 at 21:00 (Beijing time) and open trading pairs for PARTI/USDT, PARTI/USDC, PARTI/BNB, PARTI/FDUSD, and PARTI/TRY. Airdrop information is expected to be announced within 12 hours, and the new tokens will be distributed to users' spot wallets at least 1 hour before trading begins.

2025-03-25 09:07:41

If Bitcoin breaks through $89,000, the cumulative short order liquidation intensity of mainstream CEX will reach 316 million

according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative short liquidation intensity of mainstream CEX will reach 316 million. Conversely, if Bitcoin falls below $85,000, the cumulative long liquidation intensity of mainstream CEX will reach 207 million.

2025-03-24 14:08:35

BNB Chain ecosystem DEX transaction volume reached 14.336 billion US dollars last week, ranking first among all chains

On March 24th, according to DeFiLlama data, the total trading volume of BNBChain's ecosystem DEX reached $14.336 billion last week, ranking first among all chains. In the past 24 hours, the protocol that generated the most fees on BNBChain was PancakeSwap, with fees reaching $3.43 million and protocol revenue reaching $709,000; four.meme had fees of $747,000 and protocol revenue of $711,000.

2025-03-24 14:08:33

OKX Wallet standalone app is now available on Google Play Store

Kyle, the product manager of OKX Web3, announced on social media that the OKX Wallet standalone application has officially been listed on the Google Store. Users can now directly search for "OKX Wallet" to download and install it, while the App Store is currently under review.

2025-03-24 14:08:32

US Treasury believes Tornado Cash case does not require final judgment

according to Cointelegraph, the U.S. Department of the Treasury stated that the legal challenge brought against Tornado Cash should be considered "undisputed" due to its removal from the sanctions list on March 21. The U.S. Department of the Treasury stated in a declaration: "Because this court, like all federal courts, has a continuing obligation to ensure its jurisdiction over cases under Article III of the Constitution, it is necessary to debate the 'undisputed' issue." However, Coinbase's Chief Legal Officer Paul Grewal believes that the Treasury's desire to declare the case undisputed before a formal judgment is not in accordance with proper legal procedure. He stated: "After reluctantly removing Tornado Cash from the list, they now claim that there is no need for a final court judgment. But this is not a legal requirement, they know it themselves." Grewal pointed out: "According to the 'voluntary cessation exception,' a defendant's decision to cease the challenged conduct can only make the case undisputed if the defendant can prove that the conduct 'is not reasonably expected to recur.' " He also cited a 2024 Supreme Court ruling, which found that removing U.S. citizen Yonas Fikre from the no-fly list did not render his legal challenge moot, as the ban could be reinstated in the future. "Here, the Treasury also removed the Tornado Cash entity from the specially designated nationals list, but provided no assurance that it would not be listed again. This is not enough, we will make this clear to the district court," Grewal added. In August 2022, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, accusing the protocol of assisting the North Korean hacker group Lazarus Group in money laundering. Subsequently, several Tornado Cash users filed lawsuits against the regulatory agencies. After a favorable ruling for Tornado Cash by the court, the U.S. Department of the Treasury removed the mixing service from the sanctions list on March 21 and deleted dozens of smart contract addresses related to Tornado from the Specially Designated Nationals (SDN) list.

2025-03-24 14:08:31

Solana on-chain AI concept coin rebounds, BUZZ rises more than 36% in 24 hours

On March 24th, according to GMGN market data, Solana's on-chain AI concept coins rebounded, among which: Fartcoin's market value is now $575 million, with a 24-hour increase of 26.92%; ALCH's market value is now $58.2 million, with a 24-hour increase of 12.57%; GRIFFAIN's market value is now $50.1 million, with a 24-hour increase of 16.51%; BUZZ's market value is now $13.6 million, with a 24-hour increase of 36.12%.

2025-03-24 14:08:29

Cathie Wood: ARK Invest recently bucked the trend and bought crypto-related assets

On March 24th, ARK Invest founder Cathie Wood stated that the United States has entered a rolling recession (rotating recession in different industries). Cathie Wood is pessimistic about the short-term outlook for the U.S. economy, but expects the Federal Reserve and the Trump administration to take action soon. Cathie Wood pointed out that Trump's heavy tariffs and wave of layoffs are forcing American families to tighten their wallets, the fear of unemployment is causing the savings rate to soar, and the consumption engine is suddenly stalling. She revealed that Ark Investment has recently bottomed out Tesla, Coinbase, and Robinhood, among other cryptocurrency-related assets, believing that "technological disruption will bring benign deflation."

2025-03-24 14:08:29

Ethereum spot ETF had a net outflow of $103 million last week, with BlackRock ETHA leading the outflow

on March 24th, according to SoSoValue data, the overall net outflow of Ethereum spot ETFs last week was $103 million. Among them, the net outflow of Belld ETHA was $74 million, ranking first, and the net outflow of Grayscale Mini Trust ETF ETH was $23.67 million. The only net inflow was Grayscale ETHE, with an inflow of $2.87 million. The current net asset value of Ethereum spot ETFs is $6.77 billion, accounting for 2.84% of the total market value of ETH. Historical cumulative net inflow of $2.42 billion.

2025-03-24 14:08:27

Galaxy Digital withdraws 10,000 ETH from Binance, about 20.42 million US dollars

March 24th news, according to The Data Nerd monitoring, 3 hours ago, Galaxy Digital withdrew 10,000 ETH from Binance, about $20.42 million.

2025-03-24 14:08:25

Data: Circle minted 250 million new USDC on Solana

according to Onchain Lens monitoring, Circle has added 2.5 billion USDC to Solana. As of now, Circle has cumulatively minted 10.75 billion USDC on Solana by 2025.

2025-03-24 11:03:06

The SHELL repurchase address has withdrawn another 1 million tokens from Binance, and the repurchase progress has reached 81.2%

On March 24th, according to on-chain data analyst @ai_9684xtpa, the SHELL buyback address has once again withdrawn 1 million tokens from Binance, bringing the total buyback token amount to 21.95 million, with progress updated to 81.2%. Since the first day of the buyback on March 14th, SHELL has risen by a total of 4.56%.

2025-03-24 11:03:04

A private miner successfully mined block 888989 using an Umbrel self-hosted node

On March 24th, according to Public Pool and Umbrel, at 08:30 on March 23rd Beijing time, an individual miner successfully mined the first Bitcoin block (888989) using a self-hosted Umbrel node and Bitaxe miner, through the Public Pool protocol, with a block reward of 3.15188086 BTC.

2025-03-24 11:03:03

BTC options with a notional value of $11.9 billion will be settled on Friday, with the biggest pain point at $85,000

On March 24th, according to data released by Deribit official, this Friday (28th) at 4 pm will see the BTC March options expiration, with a total of $11.88 billion in open interest expiring. The current put/call ratio is 0.48, with the biggest pain point at $85,000 (current price $85,671).

2025-03-24 11:03:01

Data: In the past 24 hours, the entire network has liquidated $147 million, and short positions have liquidated $90.85 million

according to Coinglass data, the total liquidation in the past 24 hours was $147 million, with long positions liquidated at $55.66 million and short positions liquidated at $90.85 million. Among them, Bitcoin liquidated $47.32 million, and Ethereum liquidated $18.5 million.

2025-03-24 11:03:00