The US Court of Appeals has ruled that Kalshi's sports-related contracts qualify as swaps under the Commodity Exchange Act, placing them exclusively under the jurisdiction of the Commodity Futures Trading Commission. The court also rejected New Jersey’s attempt to enforce state gaming laws on Kalshi's federally regulated platform, asserting federal regulations take precedence.

Chaos Labs departs from Aave DAO.

Polymarket to Upgrade Platform and Launch Stablecoin

Polymarket plans to overhaul its trading engine and introduce a proprietary stablecoin, Polymarket USD. The firm announced that within the next two to three weeks, it will revamp its entire exchange system, incorporating new contracts, an updated order book, and a new security token.

Glassnode report indicates a tentative recovery for Bitcoin, with improving dynamics and stabilizing spot demand. There has been a notable decline in loss-seeking behavior. Nonetheless, activity across exchanges, ETFs, and on-chain transactions remains subdued, suggesting that market confidence has yet to fully recover.

Glassnode reports indicate a cautious recovery in Bitcoin. Market dynamics are improving, with spot demand stabilizing and a notable decline in loss-seeking trading behaviors. Nonetheless, activity across exchanges, ETFs, and blockchain transactions remains subdued, suggesting that overall market confidence has yet to fully restore.

Former President Donald Trump warned that Iran could be annihilated within moments, potentially by Tuesday evening.

BTC activity surges after months of decline, signaling renewed network engagement.

The activity on the Bitcoin network has sharply increased after several months of decline.

Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Circle has minted $550 million worth of USDC on the Solana network in the past 24 hours. Over the last 30 days, the company has issued approximately $10.19 billion in USDC on Solana.

Former President Donald Trump is considering the implementation of fees on vessels passing through the Strait of Hormuz, according to sources familiar with the matter.

Santiment reports that over the past four months, the number of Cardano wallets holding at least 10 million ADA increased by 5.2% to 424 wallets. The ADA token has gained 11% since reaching its low on February 5.

Santiment reports that over the past four months, the number of Cardano wallets holding at least 10 million ADA has increased to 424, a 5.2% rise over the past nine weeks. The ADA token price has also risen 11% since its February 5th low.

Yesterday, spot Bitcoin ETFs saw net inflows of approximately $471.4 million, while spot Ethereum ETFs experienced net inflows of around $120.2 million.

Yesterday, spot Bitcoin ETFs saw approximately $471.4 million in net inflows, while spot Ethereum ETFs registered around $120.2 million.

The SEC has submitted a request to the White House to consider establishing a safe harbor for cryptocurrencies, with the proposal expected to be announced in the near future. - The Block #regulation

The Solana Foundation has introduced a new security auditing framework for protocols on its blockchain and launched an incident response network. The organization warned that cybercriminals are continuously advancing their techniques. cointelegraph

Polygon scheduled to implement Giugliano hard fork this week to improve transaction finalization speed. theblock.com

Transactions of whales and institutions:

1. 0xA5CB contributed 60,001 ETH (approximately $128.8 million) on Coinbase.
2. A MARA miner converted 250 BTC (around $1.37 million). Between March 4 and March 25, the miner sold 15,133 BTC (about $1.1 billion).
3. Riot Platforms sold an additional 500 BTC (approximately $34.87 million). Over the past five days, the company transferred a total of 1,500 BTC (around $102.3 million) to NYDIG.

Bitcoin's unrealized losses reached approximately $14.5 billion in the first quarter, driven mainly by a substantial decline in its BTC holdings' value. More details can be found here.