Author: James Wilson

Tether, the issuer of USDT, ranked as the seventh-largest buyer of U.S. Treasury securities in 2024. According to a Mar. 20 post on X by Tether chief executive officer Paolo Ardoino, Tether (USDT) purchased a net $33.1 billion in U.S. Treasuries last year. This put it ahead of countries like Germany, Canada, and Mexico. In a separate post, Ardoino also noted that Tether’s global presence has grown rapidly, with USDT adoption surpassing 400 million users, mostly in developing nations. https://twitter.com/paoloardoino/status/1902689997766922318?s=46&t=nznXkss3debX8JIhNzHmzw As of Mar. 21, USDT leads the stablecoin market with 62.45% of the $230 billion total supply, according to DeFiLlama…

Crypto exchanges and stablecoin issuers in Australia could soon face stricter licensing rules under a proposed regulatory shake-up. On March 20, the Treasury released a new policy paper outlining plans to bring key parts of the digital asset industry under existing financial services laws. According to authorities, the regulations would help “identify opportunities, manage risks, unlock innovation, protect consumers and uphold market integrity.” Under the proposed framework, crypto platforms that hold digital assets for customers, such as exchanges, custodians, and certain brokerages, will need to operate under an Australian Financial Services Licence. Platforms that deal in tokenized stored-value facilities, such…

Spot Bitcoin ETFs saw a massive surge in inflows on March 20, jumping over 1,300% in a single day after the U.S. Fed decided to keep interest rates unchanged, a move that helped ease market jitters surrounding inflation and broader economic uncertainty. According to data from SoSoValue, 12 spot Bitcoin ETFs collectively pulled in $165.75 million in net inflows on Thursday, a huge leap compared to just $11.8 million the day before. It also marked the fifth straight day of positive inflows, with nearly $700 million entering Bitcoin ETFs over that period. BlackRock’s IBIT led the charge with a whopping…

The New York Stock Exchange has submitted a proposal to the U.S. Securities and Exchange Commission to allow staking for the Bitwise Ethereum exchange-traded funds.  According to a Mar. 20 filing with the SEC, the proposal seeks regulatory approval to integrate staking into the ETF’s structure. This amendment, if approved, would allow the fund to use a method known as “point-and-click” staking to stake a portion of its Ethereum (ETH) while maintaining control over the assets. This approach lowers security risks by ensuring the staked ETH remains in the wallet. Ethereum ETFs were launched in July 2024, but interest in…

Metaplanet has established a Strategic Board of Advisors and named Eric Trump as its first member to help drive Bitcoin adoption. Japanese investment firm Metaplanet has launched a new advisory board and brought in Eric Trump as its first member, saying the move is part of its push to expand in the Bitcoin (BTC) space and strengthen its position as a treasury firm. Metaplanet is thrilled to welcome Eric Trump to our newly formed Strategic Board of Advisors. His business expertise and passion for BTC will help drive our mission forward as we continue building one of the world’s leading…

Canary Capital has become the first asset manager to file for an exchange-traded fund that holds both cryptocurrency and non-fungible tokens. According to a March 20 filing, Canary Capital plans to launch an ETF tracking the Pudgy Penguins ecosystem, combining exposure to the project’s governance token, PENGU (PENGU), along with a collection of its NFTs. It would also be the first US-listed ETF to hold NFTs directly if approved. The filing outlines that the trust will hold spot PENGU as well as Pudgy Penguins NFTs, with additional digital assets like SOL (SOL) and ETH (ETH) included “as necessary or incidental”…

To promote Ethereum’s ERC-3643 standard for permissioned securities tokens, the Depository Trust and Clearing Corporation, the main U.S. clearinghouse for securities transactions, has joined the ERC-3643 Association. The announcement, made on Mar. 20 in a press release, indicates DTCC’s growing engagement with blockchain-based financial solutions. ERC-3643, also known as the T-REX protocol, is an open-source smart contract standard designed for issuing and managing permissioned tokens.  It ensures that only authorized users, even on public blockchains, can hold these assets by using a decentralized identity framework. More than 40 tokens have been developed and managed using the standard, which has been…

Ethereum’s supply on exchanges has dropped to its lowest level since November 2015, with just 8.97 million ETH available According to a Mar. 21 analysis by Santiment, this decline is largely due to the growing popularity of decentralized finance and staking. Sell pressure has decreased as more holders lock up their assets rather than keeping them on exchanges. Ethereum’s (ETH) exchange supply has decreased by 16.4% in the last seven weeks, indicating a long-term accumulation trend.  https://twitter.com/santimentfeed/status/1902851984182669545?s=46&t=nznXkss3debX8JIhNzHmzw But this supply squeeze hasn’t benefited Ethereum’s price, at least yet. ETH has plunged 47% from its December high of $4,105 to its…

BloFin is a new cryptocurrency exchange that has been gaining popularity worldwide. If you’re thinking about utilizing BloFin for trading or investing, you should read this BloFin review. This detailed analysis will tell you everything you need to know about the exchange, including goods, features, security, fees, supported coins, and more, to help you determine whether BloFin is the appropriate platform for you. What is BloFin? Matt Hu launched BloFin in 2019, and it is situated in the Cayman Islands. The crypto futures exchange is a digital trading platform that manages digital assets, providing traders and investors with a seamless…

Embarking on the crypto trading journey, Wolfx Crypto Signals emerges as a Telegram channel dedicated to furnishing trading signals across diverse platforms—Binance, Bitmex, Bybit, and Coinbase. Boasting a team of seasoned traders and analysts, the channel asserts its commitment to leveraging technical analysis, fundamental analysis, and AI algorithms for generating precise and dependable signals. But does Wolfx Crypto Signals live up to its promises? Is it a legitimate service, or does it fall prey to the pitfalls of scams? This exploration delves into the origins, pricing, features, and reputation of Wolfx Crypto Signals, aiming to provide nuanced insights. For on-demand…