Month: March 2025

Crypto market cycle permanently shifted — Polygon founder

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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

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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

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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

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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

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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

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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)

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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…

Donald Trump pardons three BitMEX co-founders — Report

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US President Donald Trump has reportedly issued pardons to three of the co-founders of the cryptocurrency exchange BitMEX, who had pleaded guilty to felony charges. According to a March 28 CNBC report, Trump granted pardons to Arthur Hayes, Benjamin Delo and Samuel Reed, who were facing a range of criminal charges related to money laundering or violations of the Bank Secrecy Act. Hayes and Delo pleaded guilty in February 2022, admitting they “willfully fail[ed] to establish, implement and maintain an Anti-Money Laundering program” at BitMEX, while Reed entered a plea…

Ethereum futures premium hits 1+ year low — Is it time to buy the ETH bottom?

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Ether (ETH) price fell 9.3% between March 26 and March 28, testing the $1,860 level for the first time in two weeks. This correction led to over $114 million in liquidations of leveraged ETH futures and caused the premium relative to the regular spot market to drop to its lowest level in over a year.  Some traders have said that the rock-bottom ETH futures premium is a bottom signal, but let’s dig deeper into the data to see if this perspective makes any sense.   ETH 1-month futures premium relative to…

President Trump grants pardons to BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed

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Key Takeaways Three BitMEX founders—Hayes, Delo, and Reed—received pardons from President Trump. The co-founders of BitMEX were indicted in 2020 for violating the Bank Secrecy Act. Share this article President Donald Trump on Thursday issued presidential pardons to BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, according to a new report from CNBC. The trio established BitMEX in 2014, with Hayes as CEO. The Seychelles-based platform has become a key player in crypto derivatives trading, specializing in perpetual contracts and futures. In October 2020, the co-founders of BitMEX were…