There was a lot of red in both crypto and traditional markets this week, as bitcoin dropped below $80K on March 10 and ETH fell to $1,821 on the same day. Despite hopes for a positive trend, the new administration’s tariff actions caused market concerns about a potential recession, impacting the crypto market as well.
However, amidst the market turmoil, there were significant developments in the digital assets space. BlackRock’s BUIDL fund crossed the $1 billion mark, while tokenized treasuries reached $4.2 billion. MoonPay made an important acquisition in the stablecoin space, and Ripple secured a payments license in the UAE. Additionally, OKX received a license to operate in Europe, and Coinbase announced plans for 24/7 futures trading in the U.S.
Regulatory news also made headlines, with the U.S. House overturning the IRS’s controversial “broker rule” and a Senate committee advancing the GENIUS stablecoin bill. The Trump Family remained in focus as World Liberty Financial completed a $590 million token sale, with involvement from Justin Sun. Reports surfaced about a potential stake acquisition in Binance.US by a Trump family representative.
Our reporters covered a range of topics, from stablecoin regulations to Coinbase’s return to India and the implications of over-leveraging in the crypto market. Analysis on bitcoin’s bullish signal and the impact of Eric Trump’s crypto-related tweets were also provided. Additionally, a feature on Bitdeer, a Singapore-based mining company, shed light on innovations in the mining machine market.
Despite the market challenges, our team remains committed to delivering timely and insightful coverage of the latest developments in the crypto world.
