š¢ TON Foundation confirms Pavel Durov has been returned his passport by the French authorities, allowing him to leave France freely.
š¢ The state energy company of Bolivia š§š“ YPFB will use cryptocurrency to pay for energy imports amid the country's severe shortage of USD and fuel.
š¢ $BTC - Spot BTC ETFs in the U.S. saw an outflow of $56.2 million on 15/03. Three funds recorded inflows, but not enough to offset the net outflow of $93.2 million from the IBIT fund (BlackRock).
š¢ $ETH - Spot ETH ETFs recorded a net outflow of $46.9 million on 15/03. The selling pressure mainly came from BlackRock's ETHA fund with $36.4 million.
š¢ The S&P 500 ended its streak of negative days, increasing by more than $1.3 trillion in market capitalization during the weekend trading session. This was the best trading session for the S&P 500 since the beginning of 2025, occurring right after its worst trading session of the year.
š¢ According to the Wall Street Journal (WSJ), crypto trading volume in Vietnam reached $800 billion/year (not including the NFT sector), many times higher than the total trading volume of the stock market.
A big bang just happened in the Bitcoin ecosystem! Taproot Wizards ā the team behind the famous Ordinals project ā just led the fundraising round for ODINā¢FUN, the platform dubbed "Pump.fun Bitcoin version".
ā What's special about ODINā¢FUN?
š¢ Create memecoin on Bitcoin in 2 seconds, no smart contract required.
Bonding curve according to Pump.fun's model: Token price increases continuously until reaching 1 BTC, then listed on a custom AMM.
š¢ After only 1 month of launch, it has recorded 30 million USD in trading volume and 4,000 new tokens created!
ā Can Ordinals return to its golden age?
š¢ This event is raising a wave of expectations about a revival of Ordinals.
š¢ After stagnating since 2024, now, with the momentum from ODINā¢FUN and the backing of Taproot Wizards, Ordinals can enter a new explosive phase!
ā Hot spots to watch
š¢ Taproot Wizards: The strategic factor behind, just publicly auctioned NFTs and took advantage of the Ordinals' growth.
š¢ Runes & Bitcoin Halving 2024: The foundation for Bitcoin memecoin, opening the door for a token ecosystem on BTC.
š¢ Trend Ordinals: Some Ordinals collections are showing signs of growth again in the past 24 hours.
ā”ļø Do you think this is a boost or just a temporary effect?
š Bitcoin Bottomed Out? 87.5% Chance the Market Has Passed the Worst Phase!
Two leading cryptocurrency analysts are engaged in a heated debate about the next direction of Bitcoin. Will BTC hold steady or continue to plunge?
ā Analyst Doctor Profit predicts two scenarios:
š¢ Bitcoin will hold the range of $68,000 ā $74,000 if the market behaves normally.
š¢ Bitcoin could plunge deep to $50,000 if an unexpected "Black Swan" event occurs.
ā However, in complete contrast, analyst Astronomer asserts:
š¢ Bitcoin has bottomed out! Based on historical data, he emphasizes that 87.5% of Bitcoin reversals occur around the time of U.S. Federal Reserve meetings (FOMC).
š¢ Notably, Astronomer points out an extremely important signal: Fear is reaching a peak ā this is often a sign that the market is about to turn!
ā”ļø What do you think? Has Bitcoin passed the worst phase or is the āBlack Swanā shock still lurking?
š Russia Uses Crypto to Trade Oil with China, India
š¢ Using crypto to evade sanctions: Russia uses Bitcoin (BTC), Ethereum (ETH), and USDT to trade oil with China and India, helping to convert yuan and rupees into rubles.
š¢ Large transaction volume: Oil trading with crypto in China could reach tens of millions of USD each month.
š¢ Legal changes: From December 2024, Russia legalizes crypto for international payments to counter Western sanctions.
š¢ Putin supports Bitcoin: Mr. Putin emphasizes that Bitcoin is an unmanageable asset and could replace the USD in trade.
š¢ Controlling the crypto market: Russia is testing a special legal mechanism (ELR) to manage digital asset transactions and limit crypto mining from January 1, 2025, for 6 years.
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ā”ļø Follow Cashbach.Exchange channels for more news updates
š The White House confirms that David Sacks sold $200 million in crypto-related assets before taking on the role of crypto advisor to President Trump to avoid a conflict of interest.
š¢ It is likely that others, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, also sold crypto for similar reasons before joining the Trump administration... Coincidentally, the crypto market plummeted shortly after President Trump took office.
š The World Liberty Financial (WLFI) project, backed by the family of former US President Donald Trump, has officially completed its token sale, raising 300 million USD, which is lower than the initial target of 550 million USD. ā
š¢ This sale, which started in October last year, faced many challenges. Initially, the project only raised 9.8 million USD in the first 12 hours, partly due to website issues and strict KYC verification requirements. Additionally, the WLFI token was locked for trading in the first 12 months and lacked practical applications, causing many investors to be wary. ā
š¢ However, after the $TRUMP memecoin frenzy in January, interest in WLFI increased. The project raised 300 million USD after selling 20 billion tokens, accounting for 20% of the total supply. To meet demand, World Liberty Financial plans to sell an additional 5% of the total token supply in the near future. ā
š¢ Notably, entrepreneur Justin Sun invested 75 million USD in WLFI and joined the project's advisory board. Additionally, World Liberty Financial has used part of the raised capital to buy digital assets such as ETH, AAVE, and LINK, reflecting a diversified investment strategy. ā
š Stablecoins dominate crypto trading in Latin America ā BlackRock targets ETF for SOL & XRP
Ā ā According to a report from the Bitso exchange, stablecoins (USDC, USDT) account for 39% of crypto purchases in Latin America in 2024, up 9% from 2023 due to high inflation and currency devaluation. USDC accounts for 24%, USDT for 15%, while the share of Bitcoin purchases has decreased from 38% to 22% due to the "hodl" trend. In Argentina, where inflation exceeds 100%, USDT accounts for 50% of transactions, while in Brazil & Mexico, Bitcoin remains the most purchased asset on Bitso.
Ā ā Meanwhile, BlackRock is preparing to file an ETF for Solana (SOL) and XRP, expanding its crypto investment portfolio after the success of the Bitcoin Spot ETF. If approved, this will be a major step in attracting institutional capital into the crypto market.
š¢ The US Senate has made the first progress on the GENIUS stablecoin bill.
š¢ The White House is looking to purchase more Bitcoin to bolster its strategic reserves without causing a budget deficit. The Trump administration is also supporting the Bitcoin Act, proposing to buy 1 million BTC with funding from the Fed's gold certificate revaluation. Currently, the US holds about 200,000 BTC from seizures.
š¢ Aave launches Horizon, merging real assets with DeFi.
š¢ Stellar (XLM) rises over 10% as strong buying returns, recovering from previous declines. If the upward momentum continues, XLM could test resistance at $0.35, while selling pressure may push the price back to support around $0.273 or lower.
š¢ The SIMD-0228 proposal to reduce SOL inflation from 4.5% to below 1% has failed to achieve the necessary votes, mainly due to opposition from validators concerned about significant income reductions. Although it was not passed, this was still the vote with the highest participation rate in Solana's history.
š Bitcoin ETF inflows have dropped to $35 billion (from a peak of $40 billion). This means that more than 87% of the funds are still holding on despite Bitcoin's 25% drop. This is a positive sign as most of the money from Wall Street decided to stay in rather than withdraw.
š Rumble has spent 17.1 million USD to buy 188 BTC at an average price of about 91,000 USD/BTC, officially implementing the plan to accumulate 20 million USD in Bitcoin that was previously outlined.
š Ā "Whale" ETH almost hit 75 million USD ā A spectacular escape on Maker!
āĀ Nail-biting situation
š¢ Initial loan: 75 million DAI
š¢ Collateral: 65,675 ETH (collateral ratio 176%)
š¢ Liquidation price: 1,932.08 USD/ETH
āĀ To avoid liquidation, the whale took urgent action
š¢ Deposited an additional 4 million USD ETH from Bitfinex ā”ļø Reduced liquidation price to 1,874.98 USD
š¢ Withdrew 1.5 million USDT from Binance ā”ļø Swapped to DAI on Uniswap ā”ļø Paid down debt ā”ļø Brought liquidation price down to 1,781.28 USD
š¢ Reduced loan from 75 million USD to 67.89 million USD
ā”ļø Despite efforts to pump liquidity, with ETH currently at only 1,861 USD (down nearly 10% in 24h), this whale is still just 4.3% away from the liquidation threshold. Another slight drop could cause his position to be closed, along with a penalty fee of up to 16 million USD.
š¢ Singapore & Vietnam cooperate to develop a legal framework for digital assets.
š¢ South Korea is about to issue guidelines for crypto investment organizations in Q3/2025, gradually lifting the previous ban.
š¢ The Central Bank of Canada šØš¦ has cut interest rates by 0.25%, marking the seventh consecutive reduction. The central bank referred to the trade conflict with the US as āa new crisisā and warned that the economic impact ācould be severe.ā
š¢ Deutsche Bank: The Trump administration considers Bitcoin a strategic reserve asset, helping diversify investments, combat inflation, and strengthen the digital economic position. National Bitcoin reserves reflect confidence in crypto and could set international standards, support public finance, and reduce debt.
š¢ JPMorgan has raised its forecast for the risk of a US economic recession in 2025 to 40% (up from 30%), citing extreme economic policies from the Trump administration.
š Singapore & Vietnam cooperate to develop a legal framework for digital assets
ā Today in Singapore, Chairwoman of the State Securities Commission of Vietnam (SSC) Vu Thi Chan Phuong and Deputy Managing Director of the Monetary Authority of Singapore (MAS) Tuang Lee Lim signed a cooperation letter to build a legal framework for digital assets, including crypto, stablecoins, asset tokenization, and DeFi. The goal is to protect investors, combat money laundering, and promote digital financial innovation.
š¢ Singapore shares its experience in managing crypto to help Vietnam develop appropriate regulations.
š¢ Enhance transparency, protect investors, and facilitate blockchain enterprises.
š¢ The digital asset market in Southeast Asia will grow stronger thanks to this cooperation.
š¢ MAS (Singapore) supports SSC (Vietnam) in building a legal framework for the digital asset market.
š¢ Exchange experiences in combating money laundering and financing terrorism in the financial market.
š¢ Improve the capacity to supervise digital asset transactions.
ā”ļø The signing ceremony took place under the witness of Singapore Prime Minister Lawrence Wong and General Secretary To Lam, marking an important milestone in the financial relationship between the two countries. This agreement is expected to create momentum for the capital and digital asset markets to develop transparently and sustainably.
š South Korea Prepares Institutional Crypto Investment Guidelines, Moving Towards Lifting Ban
South Korea is taking major steps to open up its cryptocurrency market to institutional investors. The government plans to issue official guidelines for financial and investment institutions to participate in the crypto market in the third quarter of 2025, gradually easing the previous ban.
ā A New Shift in Crypto Policy
š¢ Before the institutional investment guidelines are released, the government will issue separate regulations for universities and charities in April 2025, allowing them to legally sell and manage crypto assets. This is a major move that will pave the way for the legalization of cryptocurrency investment in South Korea.
š¢ In parallel with these regulations, the South Korean government is preparing a second legal framework focused on stablecoins and crypto businesses. This comes after the crypto investor protection law was implemented last year. The new legal framework will help to more closely monitor stablecoin projects, ensure financial stability, and protect investors from crypto-related risks.
šĀ Crypto shockwave! The US House of Representatives has just passed a resolution to repeal the controversial IRS tax regulation on cryptocurrency platforms, with overwhelming support from both parties ā a crucial step to protect innovation and privacy in the blockchain industry.
š¢ The resolution was supported by 291 out of 435 lawmakers, achieving a "super bipartisan majority".
š¢ The IRS tax regulation previously required DeFi platforms and crypto service providers to submit 1099 tax forms, despite many decentralized platforms lacking the ability to collect transaction data.
š¢ Experts are concerned that this regulation could drive the blockchain industry overseas and undermine America's competitiveness.
ā”ļø The resolution was proposed by Congressman Mike Carey (R-Ohio) and Senator Ted Cruz (R-Texas), with public support from the Trump administration. President Trump has stated he will sign it into law as soon as it is presented.
ā”ļø Although it was previously passed by the Senate (70-28), the resolution must return to the Senate once more due to budget provisions. However, with overwhelming support, it is likely to overcome the final hurdle.
š¢ The 25% tariff on imported steel and aluminum imposed by President Donald Trump šŗšø has officially taken effect today.
š¢ In response, the European Union šŖšŗ has announced that it will impose retaliatory tariffs on 26 billion euros (28.33 billion USD) worth of goods from the U.S. starting in April.
š¢ Australian Prime Minister Anthony Albanese š¦šŗ believes that Trump's tariff move is completely unreasonable.
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