Crypto Vesting

Since US President Donald Trump’s inauguration on Jan. 20, Bitcoin (BTC) has swung from a record high of $109,000 to below $78,000 as major tariff announcements from the US and retaliatory moves from trade partners shaved off chunks of cryptocurrency market value and rattled global markets.

“The back-and-forth on tariffs, with Trump sometimes tough and sometimes accommodating, has left markets in a limbo state, where few people are willing to be decidedly bullish but just as few are willing to part with their assets, fearing to be left on the side-lines at the next rally,” Justin d’Anethan, head of sales at Liquify, told Cointelegraph.

By mid-March, investors began regaining confidence as White House messaging pointed to a more measured approach. But mixed signals remain, and with a second wave of “reciprocal tariffs” looming on April 2 — dubbed Liberation Day — market

Read More at https://cointelegraph.com/news/timeline-trump-tariffs-bitcoin-drop?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL), a new distributed ledger that was designed for traditional financial institutions.

According to a March 25 announcement, CME has already begun integrating GCUL to improve capital market efficiency and wholesale payments. 

CME Group chairman and CEO Terry Duffy said GCUL could “deliver significant efficiencies for collateral, margin, settlement and fee payments as the world moves toward 24/7 trading.”

The announcement did not provide specific details about which assets would be tokenized. CME Group and Google Cloud will begin testing the technology with market participants in 2026.

Source: CME Group

Before the March 25 announcement, there were no details about GCUL. However, Google Cloud has been expanding into blockchain technology for several years, beginning in 2018 by adding Bitcoin blockchain data to its data warehouse. 

In 2023, Google Cloud

Read More at https://cointelegraph.com/news/cme-group-google-cloud-tokenization-technology-capital-market-efficiency?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

About $13 million worth of cryptocurrency has been drained from decentralized lending protocol Abracadabra.Money following an exploit targeting pools using GMX tokens.

In a March 25 X post, crypto cybersecurity firm PeckShield reported that contracts related to GMX and Abracadabra.Money had been compromised, resulting in the loss of about 6,260 Ether (ETH), worth around $13 million.

The news follows Abracadabra.Money losing $6.49 million after its smart contracts were compromised in late January 2024. At the time, this also led to the protocol’s Magic Internet Money (MIM) stablecoin losing its peg to the US dollar.

Related: Pump.fun’s new DEX reaches $1B volume a week after launch

GMX denies contract vulnerability

Despite initial reports, a pseudonymous GMX communications contributor claimed on X that “GMX contracts are not affected.” According to the user,

Read More at https://cointelegraph.com/news/abracadabra-loses-13m-in-gmx-token-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US President Donald Trump’s trade war with China and efforts to ramp up on-shore Bitcoin mining will be a boon for US mining rig manufacturers, which currently only hold a small sliver of market share compared to their major Chinese counterparts. 

The United States accounts for over 40% of the Bitcoin network’s global hashrate but still leans heavily on China-made mining rigs. China-based Bitmain reportedly holds as much as a 90% market share in the Bitcoin mining manufacturing market. 

“Trump’s continued focus to support the US BTC mining industry highlights the urgent need to address US reliance on foreign technology,” Auradine’s chief strategy officer, Sanjay Gupta, told Cointelegraph in a recent interview. 

US Bitcoin firms hit a major supply problem last year, with thousands of Bitcoin (BTC) miners held at ports of entry by the US Customs and

Read More at https://cointelegraph.com/news/bitcoin-mining-firm-auradine-opportunity-trump-us-first-policies?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

BlackRock’s tokenized money market fund has expanded to the Solana blockchain as its market capitalization approaches the $2 billion mark.

On March 25, Carlos Domingo, the founder and CEO of real-world asset (RWA) tokenization platform Securitize, welcomed the Solana network to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This marked the tokenized money market fund’s expansion to another blockchain network. 

BlackRock launched BUIDL in March 2024 in partnership with Securitize. In a Fortune report, Securitize chief operating officer Michael Sonnenshein said the fund aims to make offchain assets “unboring.” 

The executive said they are advancing some of the deficiencies of money markets in their traditional formats. 

BlackRock’s BUIDL at $1.7 billion market cap

RWA data platform rwa.xyz shows that BlackRock and Securitize’s BUIDL leads the Tokenized United States Treasurys in market capitalization. The platform’s data <a data-ct-non-breakable="null" href="https://app.rwa.xyz/treasuries" rel="null"

Read More at https://cointelegraph.com/news/buidl-blackrock-securitize-solana-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cryptocurrency-friendly trading platform eToro has filed for an initial public offering (IPO) in the United States following several previous attempts.

The company said in a March 24 announcement that it had submitted a registration statement on Form F-1 with the US Securities and Exchange Commission related to the IPO of its Class A common shares.

EToro has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “ETOR,” according to the announcement, which stated:

“A registration statement on Form F-1 relating to these securities has been filed with the SEC but has not yet become effective.”

eToro public IPO announcement. Source: eToro

The public filing comes over two months after eToro made confidential filings to the SEC in a move toward a potential IPO in New York, the Financial Times reported on

Read More at https://cointelegraph.com/news/e-toro-trading-platform-publicly-files-for-us-ipo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ether’s (ETH) price printed a bear flag on the daily chart, a technical chart formation associated with strong downward momentum. Could this bearish setup and decreasing transaction fees signal the start of the second leg of ETH’s drop toward $1,200?

Ethereum’s network activity slumps

The market drawdown, fueled by US President Donald Trump’s tariff threats, saw Ether’s price drop by nearly 50% from a high of $3,432 on Jan. 31 to a 16-month low of $1,750 on March 11.

While ETH has rebounded 18% since, it failed to produce a decisive break above $2,000 for a second time in less than 10 days.

This weakness is reflected in onchain activity, with Ethereum’s daily transaction count dropping to levels last seen in October 2024, before Donald Trump’s presidential election victory.

Ethereum daily transaction count. Source: CryptoQuant

Ethereum’s

Read More at https://cointelegraph.com/news/eth-price-1-2-k-ethereum-pos-deflation-fees-all-time-lows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Traditional and cryptocurrency investors are eagerly awaiting Friday’s upcoming Personal Consumption Expenditures (PCE) release, which may provide more relief to inflation-related concerns and bring more investor appetite to risk assets including Bitcoin.

The US Bureau of Economic Analysis (BEA) is set to release the next PCE report on March 28, which measures the inflation in the prices that US consumers are paying for goods and services.

The PCE inflation print may become the “next key catalyst” for Bitcoin (BTC) and other risk assets, according to QCP Group, a Singapore-based digital asset firm.

QCP wrote on Telegram:

“As we approach Friday’s quarterly expiry, with the highest open interest in topside strikes above $100K, we don’t expect major volatility driven by options positioning alone. But attention will turn to the PCE inflation print, which could become the next key catalyst.”

Risk

Read More at https://cointelegraph.com/news/friday-pce-inflation-report-catalyze-bitcoin-april-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Real-world asset (RWA) tokenization platform DigitShares is bringing tokenized real estate trading to Polygon with the launch of RealEstate.Exchange, also known as REX.

According to a March 25 announcement, REX is designed to offer retail investors a compliant venue for fractional property investments in a secondary market, potentially addressing the industry’s existing liquidity constraints. As Cointelegraph explained, secondary RWA trading platforms provide liquid off-ramps for investors looking to cash out of their holdings. 

The REX platform will launch with two luxury property listings in Miami, Florida, including The Legacy Hotel & Residences, a 529-unit tower managed by real estate investment platform FraXion, and a 38-unit residential complex managed by Trade Estate.

A street view of The Legacy Hotel & Residences in Miami, Florida. Source: Google Maps

DigiShares CEO Claus Skaaning told Cointelegraph that REX intends to support “various property types, including residential,

Read More at https://cointelegraph.com/news/tokenized-real-estate-trading-platform-launches-polygon?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Memecoin launchpad Pump.fun’s new decentralized exchange (DEX), PumpSwap, has surpassed a cumulative trading volume of over $1 billion just one week after its launch, according to blockchain analytics platform Dune.

On March 19, Pump.fun launched its own Solana DEX to create a “frictionless environment” for memecoin trading. Memecoins launched on Pump.fun previously needed to migrate into the Solana DEX Raydium after bootstrapping liquidity, making the trading platform the most popular DEX in Solana. 

The Pump.fun team said these migrations slowed token momentum and introduced “needless complexity” for new users. With the new DEX, the project said migrations happen instantly and for free. 

A week after launch, PumpSwap reached a cumulative volume of more than $1 billion. A Dune Analytics dashboard by onchain analyst Adam_Tehc showed that PumpSwap had an all-time trading volume of $1.1 billion in its first seven days. 

PumpSwap DEX lifetime trading

Read More at https://cointelegraph.com/news/pumpswap-trading-volume-1-billion-pumpfun-memecoin-decline?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound