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Coinbase has emerged as the largest node operator for Ethereum, securing an 11% stake in the network. This significant position underscores the company's growing influence within the cryptocurrency ecosystem and its commitment to supporting Ethereum's infrastructure.
Ripple's CEO hailed the SEC's recent reversal regarding XRP as a significant victory for the cryptocurrency industry. This decision is seen as a pivotal moment that could influence the regulatory landscape and bolster confidence in digital assets.
In light of the recent $1.4 billion hack of Bybit, a CertiK executive has shared crucial strategies for enhancing cryptocurrency security. Emphasizing the importance of robust security measures, the expert outlines steps that users and platforms can take to safeguard their assets against potential threats.
Goldman Sachs and Moody's Ratings have joined the Global Synchronizer Foundation (GSF), enhancing its governance as it oversees the Canton Network, a public layer-one blockchain for regulated financial markets. This move reflects growing interest in tokenised assets and aims to ensure transparent governance and interoperability for financial institutions. With over 30 participants, the GSF promotes a decentralised framework that addresses capital market challenges while maintaining regulatory compliance.
Crypto.com reported $1.5 billion in revenue for 2024, with a net profit of $300 million, and boasts over 140 million users. The platform is navigating controversy over a proposal to mint 70 billion CRO tokens, which has upset many holders. Looking ahead, it plans to expand into stock trading, banking, and credit cards while remaining optimistic about US market growth.
President Trump’s executive orders aim to bolster the U.S. dollar's dominance through dollar-backed stablecoins, which are pegged to stable assets like cash and Treasury bills. These cryptocurrencies facilitate transactions and cross-border commerce, offering a stable entry into the volatile crypto market. Legislative efforts, including the STABLE Act and the GENIUS Act, seek to regulate stablecoins, allowing banks to issue them under Federal Reserve oversight while ensuring consumer protection against fraud.
Global crypto investment products experienced record outflows of $6.4 billion over five weeks, with $1.7 billion withdrawn last week alone. Bitcoin funds were the hardest hit, losing $978 million, while Ethereum products saw $175 million in outflows amid a 10% price drop. Despite these losses, analysts note a potential market stabilization as outflows slowed towards the week's end, influenced by US regulations and economic indicators.
Crypto ETPs are gaining traction in Switzerland, prompting discussions about their legal framework and differences from ETFs and crypto funds. Experts David Kunz and Luca Bianchi delve into the regulation, structuring, and collateralization of these products, highlighting their appeal to both private and institutional investors. This insight is essential for anyone interested in the evolving landscape of digital assets and structured products.
The Bank of Korea has decided against creating a bitcoin reserve due to concerns over its high volatility and non-compliance with IMF guidelines, which emphasize prudent risk management. This cautious approach mirrors the stance of financial authorities in Japan, Switzerland, and the European Central Bank, contrasting with the US's recent move to establish a Strategic Bitcoin Reserve. Meanwhile, South Korea is easing restrictions on institutional cryptocurrency trading and working on a legal framework for stablecoin oversight.
David Sacks, an AI and cryptocurrency adviser to former President Trump, has divested over $200 million in digital assets, including bitcoin and ethereum, ahead of his new role. This includes selling stocks in Coinbase and Robinhood, as well as exiting several crypto funds. Despite these sales, Sacks retains interests in some illiquid digital asset firms through Craft Ventures, as part of a waiver to serve in his advisory position while leading the president’s Working Group on Digital Asset Markets.
Crypto Policies and Governance
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Coinbase emerges as largest Ethereum node operator with significant stake
12:11 20.03.2025
Ripple CEO calls SEC XRP reversal a win for the industry
18:38 19.03.2025
how to enhance crypto security after bybit hack losses
15:44 19.03.2025
Goldman Sachs and Moody's join Global Synchronizer Foundation to enhance blockchain governance
13:35 19.03.2025
Crypto.com reports 1.5 billion revenue amid token controversy and expansion plans
10:17 19.03.2025
Trump administration promotes stablecoins to enhance digital financial technology in the US
12:11 18.03.2025
crypto funds experience record outflows totaling 6.4 billion over five weeks
07:50 18.03.2025
understanding crypto etps in switzerland risks opportunities and market trends
14:34 17.03.2025
Bank of Korea rejects bitcoin reserve due to volatility and risks
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08:20 17.03.2025
trump ai adviser sells 200 million in crypto before new role
05:20 16.03.2025
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