Day: March 26, 2025

Wyoming’s Mark Gordon says state should issue stablecoin by July

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Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch. Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of the Wyoming state government in embracing blockchain technology. Anthony Apollo, the executive director of the Wyoming Stable Token Commission, also confirmed: “The Stable Token Commission has formally engaged LayerZero as our token development and distribution partner, and we have stable tokens…

Hester Peirce calls for SEC rulemaking to ‘bake in’ crypto regulation

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US Securities and Exchange Commissioner (SEC) Hester Peirce offered a few suggestions for longer-lasting changes in crypto regulation between administrations with potentially different views.   Speaking at the DC Blockchain Summit on March 26, Peirce, who heads the SEC’s crypto task force, said she expected that the commission could create more “durability” for digital asset regulations through rulemaking at the agency and legislation in Congress. Such rulemaking and laws would be in contrast to guidance issued by the agency, such as a recent statement suggesting that memecoins do not qualify as…

GameStop jumps 12% after Bitcoin purchase plans announced

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GameStop shares jumped nearly 12% on March 26 after the company announced plans to purchase Bitcoin (BTC). The company plans to finance the purchase through debt financing. After markets closed on March 26, GameStop announced a $1.3 billion convertible notes offering. The convertible senior notes — debt that can later be converted into equity — will be used for general corporate purposes, including acquiring Bitcoin, according to a company statement. “GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in…

Bitget CEO slams Hyperliquid’s handling of ‘suspicious’ incident involving JELLY token

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Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized Hyperliquid’s handling of a March 26 incident on its perpetual exchange, saying it put the network at risk of becoming “FTX 2.0.” On March 26, Hyperliquid, a blockchain network specializing in trading, said it delisted perpetual futures contracts for the JELLY token and would reimburse users after identifying “evidence of suspicious market activity” tied to the instruments.  The decision, which was reached by consensus among Hyperliquid’s relatively small number of validators, flagged existing concerns about the popular network’s perceived centralization. “Despite presenting…

Bitget CEO slams Hyperliquid’s handling of “suspicious” incident involving JELLY token

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Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized Hyperliquid’s handling of a March 26 incident on its perpetual exchange, saying it put the network at risk of becoming “FTX 2.0.” On March 26, Hyperliquid, a blockchain network specializing in trading, said it delisted perpetual futures contracts for the JELLY token and would reimburse users after identifying “evidence of suspicious market activity” tied to the instruments.  The decision, which was reached by consensus among Hyperliquid’s relatively small number of validators, flagged existing concerns about the popular network’s perceived centralization. “Despite presenting…

GameStop Announces $1.3 Billion Fundraising Plan To Purchase Bitcoin

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GameStop Corp. (NYSE: GME) announced today that it intends to raise $1.3 billion through a private offering of convertible senior notes and will use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin. The move comes a day after the company revealed an update to its investment policy, allowing Bitcoin to be used as a treasury reserve asset. The offering consists of $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due in 2030. Additionally, the company plans to grant initial purchasers an…

Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Egrag Crypto, a prominent crypto market analyst on X (formerly Twitter), has unveiled new bullish projections for the XRP price, with an ambitious extended target of $44. The price…

Would GameStop buying Bitcoin help BTC price hit $200K?

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Despite strong institutional demand, Bitcoin (BTC) has struggled to reclaim the $100,000 level for the past 50 days, leading investors to question the reasons behind the bearishness despite a seemingly positive environment.  This price weakness is particularly intriguing given the US Strategic Bitcoin Reserve executive order issued by President Donald Trump on March 6, which allows BTC acquisitions as long as they follow “budget-neutral” strategies. Bitcoin fails to keep up with gold’s returns despite positive news flow On March 26, GameStop Corporation (GME), the North American video game and consumer…

Yield-bearing stablecoins could kill banking — US Senator Gillibrand

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Stablecoin issuers should be restricted from providing yield-bearing opportunities to protect the legacy banking system, which issues home mortgages and small business loans, US Senator Kirsten Gillibrand said at a summit in Washington, DC. Speaking at the 2025 DC Blockchain Summit on March 26, the Democratic senator from New York praised her state for having some of the most robust financial regulations in the world, and said they should be adopted by all financial services sectors. According to Gillibrand, these regulations need to be applied to stablecoin issuers, whether they…

Trump’s SEC Chair pick Paul Atkins pledges ‘coherent and principled’ approach to crypto regulation

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Key Takeaways Paul Atkins, nominee for SEC Chairman, plans to establish clear guidelines for digital assets. Atkins emphasizes the need for coherent regulation to prevent market uncertainty. Share this article Paul Atkins, President Trump’s nominee for SEC Chairman, has pledged to establish clear regulatory guidelines for digital assets if confirmed to lead the agency. “A top priority of my chairmanship will be to work with my fellow Commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach,” Atkins stated in his…