Some recent news in the cryptocurrency market:
Regulatory Aspects
- SEC to Hold Roundtable Discussions: According to the U.S. Securities and Exchange Commission (SEC) official website, the SEC's cryptocurrency working group announced that it will hold four new roundtable discussions from April to June 2025, covering topics such as crypto trading, custody, asset tokenization, and DeFi, marking a shift in the SEC's direction from enforcement to collaboration and a clear regulatory framework.
- Thailand Approves USDT as Legal Cryptocurrency: The Thai Securities and Exchange Commission (SEC) officially approved Tether's USDT as a legal cryptocurrency starting March 16, 2025, aiming to enhance the flexibility of the digital asset industry and promote related innovations.
Market Dynamics
- Binance Removes Multiple Trading Pairs: Binance removed several spot trading pairs on March 21, 2025, such as ALICE/BTC and ETHFI/BTC, due to insufficient liquidity and low trading volume, in order to enhance trading quality on the platform and protect user interests.
- Cardano Price Rebounds: On March 24, 2025, Cardano (ADA) saw a daily increase of 2.54%, with the price rebounding to $0.7314 and trading volume exceeding $820 million, closely related to recent developments in the Cardano ecosystem.
Project Updates
- Trump Family Business Plans to Issue Stablecoin: On March 27, 2025, it was reported that the Trump family business will launch a stablecoin called USD1, backed by U.S. government debt, which will be issued on the Ethereum network and the blockchain created by Binance.
- Cronos ZK - EVM Launched: Cronos Labs launched the alpha mainnet of Cronos ZK - EVM, aiming to achieve faster transactions and lower fees, enhancing Ethereum's scalability.
Chinese Policy
The People's Bank of China and four other departments jointly issued a document mentioning the ongoing optimization of the cross-border wealth management pilot in the Guangdong-Hong Kong-Macao Greater Bay Area, supporting residents in the Greater Bay Area to purchase qualified investment products sold by Hong Kong and Macau financial institutions, providing a certain policy path for mainland residents to invest in cryptocurrency products.