Day: March 28, 2025

Zhao pledges BNB for Thailand, Myanmar disaster relief

admin

Binance co-founder Changpeng “CZ” Zhao is donating 500 BNB (BNB) each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding. Zhao plans to distribute the funds through Binance and Binance Thailand if a third-party onchain donation platform cannot be found to distribute the disaster relief funds. “I hope everyone is safe in Thailand,” the Binance founder wrote in a March 28 X post before announcing the contributions to both countries affected by the earthquake. According to The Guardian, at least 144…

Senators press regulators on Trump’s WLFI stablecoin

admin

Five Democratic lawmakers in the US Senate have called on leadership at regulatory agencies to consider the potential conflicts of interest from a stablecoin launched by World Liberty Financial (WLFI), the crypto firm backed by US President Donald Trump’s family. In a March 28 letter from the US Senate Banking Committee, Massachusetts Senator Elizabeth Warren and four other Democrats asked the Federal Reserve’s committee chair on supervision and regulation, Michelle Bowman, and acting comptroller of the currency, Rodney Hood, how they intended to regulate WLFI and its stablecoin, USD1. March…

Bitcoin price falls toward range lows, but data shows ‘whales going wild right now’

admin

Bitcoin price extended its decline on March 28, falling for a fourth consecutive day to paint an intra-day low of $83,387. BTC’s (BTC) decline mirrored the Wall Street sell-off, where the DOW closed 700 points lower, alongside the S&P 500 index, which dropped 112 points.  The sell-off in equities is widely attributed to investors increasing worries over inflation after the core Personal Consumption Expenditures index data from February rose to 2.8% (a 0.4% monthly increase), which was higher than expected.  S&P 500 drops $1 trillion in market cap value. Source:…

Crypto market cycle permanently shifted — Polygon founder

admin

The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal. During a recent episode of Cointelegraph’s Chain Reaction, Nailwal said that Overall speculative activity is down due to high interest rates in the United States and low-liquidity conditions, but will rebound once rates are cut and the Trump administration settles into its new role. Although interest rates on 10-year Treasury…

HyroTrader review: A comprehensive look

admin

Share this article Cryptocurrency markets operate around the clock, presenting traders with continual opportunities to capitalize on price fluctuations. However, exploiting these opportunities often requires more capital than the average individual can comfortably risk.That’s where a crypto prop firm comes into play. By providing traders with substantial funding and absorbing losses themselves, these firms let you explore digital assets in a more confident, disciplined manner. Below, we’ll discuss why this trading model is on the rise, how it benefits ambitious traders, and what makes HyroTrader a standout choice. The Rise…

Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin

admin

Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that the state’s Strategic Digital Assets Reserve can include up to one million bitcoin. The bill also states that the reason for establishing such a reserve is because “inflation has eroded the purchasing power of assets…

US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives

admin

The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. The announcement comes as the Commodity Futures Trading Commission (CFTC) announced that digital asset derivatives wouldn’t be treated differently than any other derivatives. The FDIC letter rescinds a previous instruction under former US President Joe Biden’s administration that required institutions to notify the agency before engaging in crypto-related activities. According to the FDIC’s definition: ”Crypto-related activities include, but are not limited to,…

GameStop takes the orange pill

admin

It has been a wild few years for GameStop, the video game retailer turned memecoin stock. After being pulled from the edge of bankruptcy in 2021 thanks to a surging stock price, the company has made sensible business decisions over the years, such as shrinking its physical footprint and focusing on higher-margin items.  Now, GameStop is trying to secure its survival by investing in Bitcoin (BTC). This approach seems to have worked for Strategy, Michael Saylor’s business intelligence firm turned Bitcoin bank. Strategy has now amassed more than 500,000 BTC…

FDIC Says Banks Can Engage In Bitcoin And Crypto Without Prior Approval

admin

The Federal Deposit Insurance Corporation (FDIC) has issued new guidance allowing banks it supervises to engage in bitcoin and crypto activities without seeking pre-approval. This reverses a controversial policy imposed under the Biden administration. In a March 28 statement, the FDIC said banks can now participate in crypto-related services like custody and trading if they properly manage the risks. The agency will also work to replace old regulations with updated crypto guidance. The policy change came in a new Financial Institution Letter that rescinds earlier rules from 2022 requiring banks…

Bitcoin Covenants: CHECKTEMPLATEVERIFY (BIP 119)

admin

This is the first article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in depth breakdown.  CHECKTEMPLATEVERIFY (CTV), put forward by Jeremy Rubin with BIP 119, is the most mature and fully fleshed out covenant proposal, not only out of the proposals we will be covering, but out of all of the covenant proposals in their entirety. As I mentioned in the introduction article to this series, there are many concerns in the ecosystem regarding covenants that are too flexible…