๐งโ๐ป Wells Fargo has applied to register the trademark "WFUSD."
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๐บ๐ธ๐ U.S. senators are seeking a compromise on stablecoin yield to advance the Clarity Act. Some lawmakers and crypto advocates support restricting rewards tied to account balances while allowing incentives linked to account activity. Senators Angela Alsobrooks and Thom Tillis are working on compromise language aimed at preventing deposit flight while preserving room for innovation. #stablecoin link
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๐ Top 5 News for 24 Hour:
1. Bitmine deposits $10.75M worth of $ETH into Coinbase. โ Read full
๐ 396 | โค๏ธ 0 | ๐ 6
2. Amid global uncertainties, Pompliano advises investing in Bitcoin. โ Read full
๐ 288 | โค๏ธ 2 | ๐ 6
3. Elon Musk announces early access for X Money. โ Read full
๐ 318 | โค๏ธ 1 | ๐ 5
4. Whale "pension-usdt.eth" opens $CL long position. โ Read full
๐ 337 | โค๏ธ 0 | ๐ 5
5. Cypherpunk Manifesto published by Eric Hughes in 1993. โ Read full
๐ 285 | โค๏ธ 0 | ๐ 5
EXCAVO | Academy | News | YouTube
1. Bitmine deposits $10.75M worth of $ETH into Coinbase. โ Read full
๐ 396 | โค๏ธ 0 | ๐ 6
2. Amid global uncertainties, Pompliano advises investing in Bitcoin. โ Read full
๐ 288 | โค๏ธ 2 | ๐ 6
3. Elon Musk announces early access for X Money. โ Read full
๐ 318 | โค๏ธ 1 | ๐ 5
4. Whale "pension-usdt.eth" opens $CL long position. โ Read full
๐ 337 | โค๏ธ 0 | ๐ 5
5. Cypherpunk Manifesto published by Eric Hughes in 1993. โ Read full
๐ 285 | โค๏ธ 0 | ๐ 5
EXCAVO | Academy | News | YouTube
๐ Stablecoin supply is approaching a new all-time high. Total supply now sits at ~$314B, just 1% below the $317B ATH. Since the start of February, supply is up $7B. #stablecoin
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๐ฃ Senator Cynthia Lummis met with new Fed Chair pick Kevin Warsh to discuss "digital assets" today. She stated, "This is vital for our nation's financial future." #macro
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๐ According to Forbes, Changpeng Zhao's net worth has risen to about $110 billion, up roughly $47 billion from last year, ranking 17th on the global rich list. This increase is largely driven by a rebound in the valuation of Binance, estimated at around $100 billion, with Zhao believed to own about 90% of the company. Binance is estimated to have generated approximately $16โ17 billion in revenue in 2024โ2025, processed more than $30 trillion in annual trading volume, and held about 38% market share. link
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๐ Arthur Hayes, in an interview with CoinStories, stated that if he only had $1 to invest right now, he would not choose to buy Bitcoin. He would wait for the Federal Reserve to ease monetary policy and print more money before entering the market. Hayes warned that geopolitical tensions could lead to large-scale sell-offs in both the stock and crypto markets, potentially causing Bitcoin to fall below $60,000. However, he maintains a long-term bullish outlook, predicting that Bitcoin's price will surpass $100,000 in the coming years. link
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๐ฆ๐บ๐ค #XRP Ripple Acquires BC Payments to Obtain Australian License - The Block #regulation link
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๐ฐ The boom of stablecoins could reduce the profits of traditional banks, warn analysts at Jefferies.
Coindesk #stablecoin link
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Coindesk #stablecoin link
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๐ On March 10, the total net inflow into Bitcoin spot ETFs was $251 million, with no ETF experiencing net outflows. The BlackRock ETF IBIT had the highest net inflow in a single day at $186 million. Ethereum spot ETFs recorded a total net inflow of $12.5859 million, with all nine ETFs also showing no net outflows. #etf link
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๐ On March 10, the total net inflow into Bitcoin spot ETFs was $251 million, with no ETF experiencing net outflows. The BlackRock ETF IBIT had the highest net inflow in a single day at $186 million. Ethereum spot ETFs recorded a total net inflow of $12.5859 million, with all nine ETFs also showing no net outflows. #etf link
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๐ธ #AAVE The Oracle system in Aave experienced a failure, leading to an unfair liquidation of wstETH totaling $26 million. The Block link
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๐ฎ BitGo will provide custody services for StableX's $100 million stablecoin issuance plan. #stablecoin link
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