BTC is currently trading around $84,000 and ETH around $1,900. Notable gainers in the last 24 hours are HYPE, TRUMP and S. The global crypto market cap is $2.83T, up 4.2% over the last day. DeFi Total Value Locked is ~$90b and BTC dominance is around 62%.
Equity and crypto markets are higher amid a slow news day with no new updates on the part of the Trump Administration regarding tariff policies.
Notable news includes: The US Senate Banking Committee voted with bipartisan support to advance the GENIUS Act stablecoin bill to a full senate vote; Argentina’s securities regulator finalized rules for virtual asset service providers (VASPs); the state of Vermont withdrew its Coinbase lawsuit which accused the exchange of offering unregistered securities through its staking program; BlackRock’s tokenized BUIDL fund broke $1b after growing 56% in the past month; tokenized treasuries hit a record $4.2b market cap as crypto correction fueled growth; Circle announced plans to bring its recently acquired Hashnote’s tokenized money market fund USYC under Bermuda’s regulatory oversight; Trump-backed DeFi project World Liberty Financial closed its latest round of token sales raising around $550m since launching the token’s public sale; Solana’s SIMD-228 proposal, which sought to change the network’s token emissions, failed to pass a validator vote, leaving emissions unchanged; Ethereum core developers announced the launch of a new testnet, Hoodi, on March 17 with the intent of continuing to test the Pectra upgrade, which ran into issues in its past two testnet deployments; ZKsync sunset its Ignite liquidity rewards program citing bearish market conditions; Hyperliquid upped its margin requirements after a $4m loss for its HLP pool; and, DEX aggregator 1inch expanded to Ethereum layer 2 Linea.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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