Novice

According to PANews, FalconX, a prominent crypto brokerage firm, is undergoing a wave of high-level departures. Reports from CoinDesk indicate that between 10 to 15 employees, including the head of Europe, the credit director, the general counsel, and the global chief compliance officer, have recently left the company. Sources suggest that these changes involve both resignations and layoffs. Despite doubling its workforce last year, FalconX has not yet commented on these personnel changes.

According to BlockBeats, data from DefiLlama indicates that the total value locked (TVL) in the tokenized real-world assets (RWA) sector has exceeded $11 billion, marking a 7.23% increase over the past week and reaching a historic high. This achievement makes it the seventh sector within decentralized finance (DeFi) to surpass the $10 billion mark. Notable contributors to this milestone include Maker RWA, BlackRock's BUIDL, Ethena USDtb, and Ondo Finance, each with a TVL exceeding $1 billion. Additionally, the market for tokenized U.S. Treasury bonds has surpassed $5 billion for the first time.

According to CoinDesk, the U.S. Securities and Exchange Commission's (SEC) Crypto Task Force is set to host four more roundtable discussions this spring, focusing on various aspects of the cryptocurrency industry, including tokenization and decentralized finance (DeFi). These discussions are part of the SEC's initiative to refine its approach to crypto regulation, moving away from the previous strategy of "regulation by enforcement" under former Chair Gary Gensler. The task force, led by Commissioner Hester Peirce, aims to foster a more collaborative relationship with the crypto industry and establish clearer regulatory guidelines. The first roundtable discussion, which marked the beginning of what Peirce has termed the SEC's "Spring Sprint Toward Crypto Clarity," took place in Washington, D.C., last Friday. During this event, a group of industry lawyers engaged in discussions about the security status of tokens. Peirce emphasized the importance of these roundtables, stating that they provide a platform for experts to discuss regulatory challenges and explore potential solutions that the Commission can implement. The upcoming roundtable discussions will continue to address key topics within the crypto sector. The next session, titled "Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading," is scheduled for April 11. Subsequent discussions will focus on crypto custody on April 25, tokenization on May 12, and decentralized finance on June 6. All sessions will be held in Washington, D.C., and will be available via livestream, allowing broader participation from industry stakeholders. This series of discussions reflects the SEC's commitment to engaging with the crypto community and enhancing its regulatory framework to better accommodate the evolving landscape of digital assets.

According to BlockBeats, WhaleAlert has detected that the USDC Treasury minted 65 million USDC on the Ethereum blockchain 25 minutes ago.

On Mar 25, 2025, 22:03 PM(UTC). According to Binance Market Data, BNB has dropped below 630 USDT and is now trading at 629.880005 USDT, with a narrowed 0.83% decrease in 24 hours.

According to Odaily, UBS Investment Bank's Chief Strategist Bhanu Baweja has indicated that the "clearly fatigued" American consumer is likely to exert further pressure on stock prices, potentially leading to an 8% drop in the S&P 500 index. Baweja highlighted warning signals from various indicators, including employment expectations, spending outlook, and consumer confidence. As analysts revise profit forecasts for the next three to four months, he anticipates the S&P 500 index could fall to as low as 5,300 points.

According to Odaily, GameStop has announced the inclusion of Bitcoin as part of its treasury reserve assets. Following this announcement, GameStop's stock price increased by 5.5% in after-hours trading, currently priced at $26.80.

According to Odaily, Web3 gaming platform Immutable has announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the company and related parties. The SEC found no wrongdoing and will not take any action, effectively closing the case initiated by last year's Wells Notice, which indicated a potential lawsuit. Immutable President Robbie Ferguson expressed satisfaction with the conclusion, stating, "We are pleased that the SEC has ended its investigation. This marks a significant milestone for the crypto industry and gaming as we move towards a future with regulatory clarity. Immutable remains committed to our vision of bringing digital ownership to 3.1 billion players worldwide, and we can now proceed towards this goal without hindrance."

According to Cointelegraph, Bitcoin traders have shown optimism as the cryptocurrency's price surged to the $88,000 mark. However, the inability to surpass this level in the short term might signal a take-profit opportunity. Alphractal, a crypto analytics platform, observed that significant Bitcoin holders, known as whales, have initiated short positions at this price point. In a recent post on X, Alphractal highlighted a notable shift in the 'Whale Position Sentiment' metric, suggesting that major market players with a bearish outlook are influencing the market. This metric assesses the relationship between aggregated open interest and trades exceeding $1 million across various exchanges. Alphractal's CEO, Joao Wedson, confirmed that whales have closed their long positions, historically aligning price movements with their market bias. CryptoQuant's data further supports this bearish sentiment, with 8 out of 10 onchain signals indicating a potential downturn, except for stablecoin liquidity and technical signal indicators. Last week, CryptoQuant's CEO, Ki Young Ju, warned of a possible bear market, advising investors to brace for 6-12 months of bearish or sideways price action. Despite these indicators, some investors remain confident in Bitcoin's prospects. Data from IntoTheBlock revealed net Bitcoin outflows of $220 million from exchanges in the past 24 hours, totaling $424 million between March 18 and March 24. This trend suggests that certain holders are accumulating Bitcoin, even as onchain metrics flash red. On a lower time frame chart, Bitcoin reached an intraday high of $88,752 on March 24 but has not established a new high since. The cryptocurrency is currently moving within an ascending channel pattern, facing resistance from the upper range and the 50-day and 100-day exponential moving averages on the daily chart. For Bitcoin to continue its rally towards $100,000, it must close above the $90,000 mark, especially with whales potentially shorting between $88,000 and $90,000. This article does not provide investment advice or recommendations. Every investment and trading decision carries risk, and readers should conduct their own research before making any financial decisions.

According to BlockBeats, the Senate is set to hold a final vote on Thursday regarding a joint resolution aimed at repealing the Internal Revenue Service's (IRS) decentralized finance (DeFi) broker rule. This decision follows a previous bipartisan 'supermajority' approval on March 4. However, due to a technical issue, the Senate must vote again. This vote represents the final step before the resolution is sent to U.S. President Donald Trump for signing, which could occur as early as Friday.

According to BlockBeats, IMX experienced a brief increase of over 10%, reaching a temporary price of $0.675. This surge followed news that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into Immutable without finding any misconduct.

According to BlockBeats, Ripple's Chief Legal Officer Stuart Alderoty announced that the U.S. Securities and Exchange Commission (SEC) has agreed to unconditionally withdraw its appeal from last week. Ripple has also decided to withdraw its cross-appeal. As part of the agreement, the SEC will retain $50 million of the $125 million penalty, which has been deposited in an interest-bearing escrow account, while the remaining amount will be returned to Ripple. Additionally, the SEC plans to request the court to lift the standard injunction previously imposed at its request. These actions are subject to committee voting, the drafting of final documents, and standard court procedures.

According to Cointelegraph, Brazil's National Data Protection Authority (ANDP) has reaffirmed its decision to prohibit cryptocurrency compensation associated with the World ID project due to concerns over user privacy. The agency rejected a request from Tools For Humanity, the developer of World ID, to reconsider its ban on offering financial rewards to users who provide biometric data through iris scans. The announcement, made on March 25, stated that the suspension of financial compensation in the form of cryptocurrency, specifically Worldcoin (WLD), or any other format, will remain in effect for any World ID created by collecting iris scans of personal data subjects in Brazil. Tools For Humanity faces a daily fine of 50,000 Brazilian reais ($8,800) if it resumes data collection activities. The World ID verification process in Brazil was short-lived, as the ANDP halted data collection just over two months after its launch in the country. The investigation into World, previously known as Worldcoin, began in November of the previous year amid concerns that financial incentives might undermine users' ability to consent to sharing sensitive biometric data. The World ID, a controversial digital passport created through iris scans, aims to authenticate humans online. Despite the legal challenges in Brazil, the demand for digital identification solutions is increasing in other markets, driven by the rise of AI deepfakes and Sybil attacks. The proliferation of bots and AI is also affecting online discourse on social media platforms like X and Facebook, with reports suggesting that up to 15% of X accounts may be bots. Research from blockchain analytics firm Chainalysis indicates that generative AI is enhancing the profitability of crypto scams by facilitating the creation of fake identities. In response to privacy concerns and regulatory scrutiny, some companies are developing digital identity solutions that do not rely on biometric data. Earlier this year, Billions Network introduced a digital identity platform based on zero-knowledge verification technology known as Circom, which has been tested by major financial institutions such as HSBC and Deutsche Bank. This approach aims to provide secure digital identity solutions without compromising user privacy.

According to PANews, the Chicago Board Options Exchange (CBOE) has filed an application for a Solana ETF on behalf of Fidelity. The Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange Group, has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) through a 19b-4 filing. This move marks a significant step in the ongoing efforts to introduce a Solana-based exchange-traded fund in the U.S. market.

According to PANews, Fidelity has recently expanded its Bitcoin holdings by acquiring over $60 million worth of the cryptocurrency. On-chain data reveals that approximately two hours ago, Fidelity purchased 688.547 BTC through its Bitcoin exchange-traded fund, FBTC, amounting to $60.2 million.

According to Odaily, the Asia Web3 Alliance Japan has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) suggesting the establishment of a collaborative regulatory framework between the United States and Japan for tokenization and Web3. The proposal involves cooperation among the SEC, Japan's Financial Services Agency (JFSA), Ministry of Economy, Trade and Industry (METI), and the Bank of Japan (BOJ). The initiative aims to create a unified token classification framework to clearly define 'tokenized securities,' 'utility tokens,' and 'non-securities digital assets.' It also seeks to enhance regulatory interoperability to support the compliant cross-border issuance of tokens. Additionally, the proposal includes designing a safe harbor mechanism for early-stage token projects, drawing inspiration from the U.S. model to introduce sandbox testing in Japan. Further objectives include establishing standards for cross-border token trading and custody, and initiating a U.S.-Japan Web3 regulatory roundtable to continuously share policy and research findings. The proposal suggests convening an initial meeting, forming a joint working group, and selecting 2-3 U.S.-Japan startups to pilot cross-border token issuance. The initiative aims to address challenges faced by Japanese Web3 startups, such as unclear classification, heavy compliance burdens, and limited access to global markets.

According to Foresight News, the Lido Labs Foundation has responded to the U.S. Securities and Exchange Commission (SEC) regarding the regulatory status of governance tokens and liquid staking tokens (LST). On March 24, the foundation communicated electronically with the SEC's special task force on cryptocurrency, arguing that these digital assets should not be classified as securities under federal securities laws. The foundation contends that the fundamental utility and operational characteristics of these tokens differentiate them from traditional securities.

According to BlockBeats, the White House announced that the United States and Russia have reached an agreement to ensure safe navigation in the Black Sea. Both nations have agreed to implement measures to enforce a ban on attacks against Russian and Ukrainian energy facilities. The U.S. will continue to facilitate negotiations between the parties. Additionally, the United States and Ukraine have agreed to ensure safe navigation in the Black Sea. They have also agreed on the U.S. commitment to assist in facilitating the exchange of prisoners of war. Both countries have concurred on measures to enforce the agreement prohibiting attacks on energy facilities in Russia and Ukraine.

On Mar 25, 2025, 14:44 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 88,000 USDT benchmark and is now trading at 88,092.601563 USDT, with a narrowed narrowed 0.16% decrease in 24 hours.

According to Foresight News, the dYdX Foundation has launched an on-chain vote regarding the introduction of a new liquidity layer for instant market listings. The voting process is set to conclude on March 29, 2025, at 21:19 UTC+8.