Summary
gm, The U.S. Senate voted 70-27 to repeal an IRS rule requiring DeFi protocols to report transactions, signaling potential bipartisan support for future crypto-friendly policies. Meanwhile, Bitcoin surged above $90,000 amid optimism about easing trade tensions and China's economic stimulus measures. The crypto market also reacted positively to rumors of President Trump's upcoming announcement on a strategic crypto reserve, with Commerce Secretary Howard Lutnick hinting at a Bitcoin-focused approach. Additionally, Circle's USDC became the first USD-pegged stablecoin approved for issuance in Japan, marking a notable regulatory milestone for stablecoins in the country.

News Headlines
💼 Blockstream to Launch $1.7B Bitcoin Lending Funds

  • Blockstream is launching three institutional funds focused on Bitcoin lending and borrowing, going live April 1.
  • The funds will offer Bitcoin-backed loans, USD-collateralized borrowing, and hedge fund strategies for institutional Bitcoin exposure.

🌐 Solana Sees $485M Outflows in February as Crypto Capital Flees to 'Safety'

  • Solana experienced nearly $485 million in outflows during February as investors sought safer digital assets.
  • Capital primarily shifted to Ethereum, Arbitrum, and BNB Chain, indicating a broader trend towards safety.

📊 Bitcoin's Risk-Adjusted Returns Declined in February Amid Market Turmoil

  • Bitcoin's risk-adjusted returns decreased in February due to significant price fluctuations.
  • Over the past 12 months, Bitcoin's total returns aligned with gold, but its risk-adjusted performance paralleled major stock indices.

💰 Mexican Billionaire Ricardo Salinas Now Holds 70% of Personal Portfolio in Bitcoin

  • Ricardo Salinas has increased his Bitcoin investment to 70% of his liquid portfolio, up from 60% in 2020.
  • Salinas views Bitcoin as a modern form of gold and promotes its benefits in regions with high inflation.

🌐 Reddit Co-founder Alexis Ohanian Joins TikTok Bid, Wants to Bring Video App On-Chain

  • Alexis Ohanian is joining a bid led by Frank McCourt to acquire TikTok, aiming to decentralize the platform.
  • The plan involves using Frequency, a layer-1 blockchain network, to empower users and uphold principles of transparency and accountability.

Market Metrics

Fundraising & VC
1. UniLive (Strategic, $10M) - Web3 short video and live-streaming platform
2. AGM Group Holdings (Post IPO, $5.4M) - Nasdaq-listed producer of crypto mining equipment
3. iAgent (Undisclosed, $3M) - Decentralized platform to create, own & monetize AI agents using visual data.
4. Combinder (Pre Seed, $500K) - Decentralized energy network

On-chain Data
1. Myria (myria) token unlocked today ($904.98K, 2.66%)
2. Core DAO (CORE) token unlock in 2 days ($4.39M, 0.91%)
3. CoW Protocol (COW) token unlock in 2 days ($2.88M, 2.29%)
4. Aptos (APT) token unlock in 6 days ($69.98M, 1.92%)

Regulatory
🏛️ New Hampshire Bitcoin Reserve Bill Advances

  • New Hampshire's House Commerce and Consumer Affairs Committee voted 16-1 in favor of a Bitcoin reserve bill.
  • If passed, the bill would allow the state treasurer to invest up to 5% of certain state funds into digital assets.

🌐 Ripple Funds Crypto Education Non-Profit

  • Ripple has granted $50 million to the National Cryptocurrency Association (NCA), a new non-profit.
  • The NCA aims to provide educational resources to help investors understand the cryptocurrency market better.

🏦 Bitwise Files to Launch ETF Tracking Aptos (APT)

  • Bitwise Asset Management has filed with the SEC to launch an ETF tracking Aptos (APT), the native token of the Aptos network.
  • This follows a previous indication from Bitwise regarding the creation of a Delaware trust entity for the proposed Aptos ETF.

🔄 Ethereum Pectra Upgrade Live on Testnet, But Mainnet May Face Delays

  • Ethereum's Pectra upgrade has been successfully deployed on the Sepolia testnet.
  • The upgrade includes 11 Ethereum Improvement Proposals aimed at improving Ether staking and layer-2 network scalability.

💼 Trump's Strategic Crypto Reserve Likely to Be Mostly Bitcoin, Bigger Than Expected

  • Analysts believe Trump's proposed cryptocurrency reserve will predominantly consist of Bitcoin, despite initial plans to include multiple altcoins.
  • The final reserve is expected to be larger than initially predicted and may give Bitcoin special status compared to other cryptocurrencies.

Technical Analysis
Bitcoin - Bitcoin is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency is testing resistance at points 93000. This could give a negative reaction, but an upward breakthrough of points 93000 means a positive signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. The currency is overall assessed as technically negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The currency has support at points 2100 and resistance at points 2600. The volume balance is negative and weakens the currency in the short term. The currency is overall assessed as technically negative for the short term.

Governance & Code
🚀 Rocket Pool DAO | Prioritize rETH Withdrawal Buffer (Active Vote)
- This proposal seeks to redirect ETH from new rETH mints to the rETH contract (available as withdrawal liquidity for rETH burners).

👻 Aave DAO | Deploy Aave v3 on Plasma (Preliminary Discussion)
- This proposal aims to deploy an Aave v3 instance on Plasma.

🦄 Uniswap DAO | Deploy Uniswap V3 on GOAT Network
- This proposal aims to accept the deployment of Uniswap v3 on GOAT Network as canonical.