Summary
gm, Tether, the largest stablecoin issuer, announced its pursuit of a full financial audit from a Big Four accounting firm, addressing long-standing transparency concerns. The SEC held its first crypto roundtable, where Commissioner Hester Peirce advocated for allowing crypto projects to raise funds through NFTs without being classified as securities. Meanwhile, Coinbase is reportedly in advanced talks to acquire Deribit, a leading cryptocurrency derivatives exchange, in a deal potentially worth billions. Concurrently, Haun Ventures is set to raise $1 billion for new crypto funds, expected to be one of the largest raises in recent years, highlighting investor confidence. These events highlight the ongoing maturation and consolidation within the crypto industry, as well as evolving regulatory perspectives.

News Headlines
🚀 U.S. Government Considers Using Gold Certificates to Buy Bitcoin

  • Bo Hines, executive director of the President's Council of Advisers on Digital Assets, proposes realizing gains from undervalued government gold certificates to acquire more Bitcoin without burdening taxpayers.
  • The U.S. government currently holds around 207,000 BTC, making it the largest national Bitcoin holder. This proposal could significantly increase that position.

🎮 Web3 Gaming Poised for Transformative Growth

  • Web3 gaming is emerging as a transformative force in the industry, offering players ownership of in-game assets and potential for real-value earnings through play-to-earn models.
  • The article urges collective support from developers, gamers, and stakeholders to advance Web3 gaming initiatives and harness blockchain technology's potential in gaming.

💼 Michael Saylor's Bitcoin Journey: From $6B Loss to Crypto Titan

  • Michael Saylor, chairman of MicroStrategy, has become a major Bitcoin holder, amassing 499,096 BTC (about 2.5% of circulating supply) after pivoting from domain names to cryptocurrencies.
  • MicroStrategy's market value surged from under $4 billion to over $80 billion, highlighting Saylor's successful strategic gamble on Bitcoin's future value.

🤖 Perplexity AI Proposes TikTok Takeover Amid $18 Billion Valuation

  • Perplexity AI has proposed to take over TikTok, claiming it can rebuild the app's algorithm without monopolizing the market, as the company eyes an $18 billion valuation.
  • The proposal comes amid potential U.S. presidential orders to ban TikTok, with Perplexity highlighting its American origins and AI expertise.

🌊 Mysten Labs' Walrus to Reshape Decentralized Gaming and Apps

  • Mysten Labs is set to launch Walrus, a decentralized storage platform for large binary files, on March 27, 2025, aiming to provide programmable file storage for gaming-focused blockchains.
  • The platform could enhance the integrity and availability of decentralized apps, potentially revolutionizing blockchain gaming and other applications.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Coin98 (C98) token unlocked today ($1.05M, 1.59%)
2. Renzo (REZ) token unlocked today ($795.96K, 2.22%)
3. Casper (CSPR) token unlocked today ($560.08K, 0.39%)
4. AltLayer (ALT) token unlock in 2 days ($7.38M, 6.56%)
5. Xai (xai) token unlock in 3 days ($2.93M, 4.02%)

Regulatory
🏛️ SEC Shifts Stance on Crypto Regulation

  • The SEC initiates a significant shift towards a more collaborative approach with the crypto industry.
  • This reset aims to create clearer regulatory frameworks that foster innovation while ensuring investor protection.

💼 OCC Removes 'Reputational Risk' from Bank Guidelines

  • The Office of the Comptroller of the Currency (OCC) eliminates 'reputational risks' from its examination manual for bank supervisors.
  • This change aims to prevent banks from denying service to clients in industries deemed controversial, including cryptocurrency.

🌐 Pakistan Proposes Bitcoin Mining with Excess Energy

  • The Pakistan Crypto Council proposes using the country's surplus energy for Bitcoin mining.
  • This initiative marks a significant shift from Pakistan's previous anti-cryptocurrency stance.

💰 Nigeria Remains Open to Crypto Business

  • Despite ongoing legal issues with Binance, Nigeria's government remains receptive to crypto businesses.
  • The country focuses on strengthening regulations rather than hindering the industry.

🏦 Crypto Debanking Concerns Persist

  • Caitlin Long, CEO of Custodia Bank, warns that crypto debanking issues may continue until January 2026.
  • The Federal Reserve's ongoing investigation of two crypto-friendly banks contributes to these challenges.

Technical Analysis
Bitcoin - Investors have accepted lower prices over time to get out of Bitcoin and the currency is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Bitcoin. The currency has support at points 80000 and resistance at points 92500. The currency is assessed as technically slightly negative for the short term.

Ethereum - Ethereum shows weak development in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Ethereum. The currency has support at points 1870 and resistance at points 2740. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the currency. The currency is overall assessed as technically negative for the short term.

Governance & Code
🎙️ Muse DAO | Sunset the Muse DAO and Distribute the Treasury (Active Vote)
- This proposal aims to sunset the Musa DAO and distribute any leftover treasury assets to token holders.

👾 UMA DAO | Request for Gas Rebate Program Refund – 2024
- This proposal seeks to reimburse Risk Labs Foundation for 192,085.45 UMA tokens.