Crypto Vesting

Five Democratic lawmakers in the US Senate have called on leadership at regulatory agencies to consider the potential conflicts of interest from a stablecoin launched by World Liberty Financial (WLFI), the crypto firm backed by US President Donald Trump’s family.

In a March 28 letter from the US Senate Banking Committee, Massachusetts Senator Elizabeth Warren and four other Democrats asked the Federal Reserve’s committee chair on supervision and regulation, Michelle Bowman, and acting comptroller of the currency, Rodney Hood, how they intended to regulate WLFI and its stablecoin, USD1.

March 28 letter from five Democratic senators to OCC, Fed leadership. Source: US Senate Banking Committee

The letter came as members of Congress are considering legislation to regulate stablecoins through the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. The bill, if signed into

Read More at https://cointelegraph.com/news/donald-trump-stablecoin-financial-regulators-scrutiny?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin price extended its decline on March 28, falling for a fourth consecutive day to paint an intra-day low of $83,387. BTC’s (BTC) decline mirrored the Wall Street sell-off, where the DOW closed 700 points lower, alongside the S&P 500 index, which dropped 112 points. 

The sell-off in equities is widely attributed to investors increasing worries over inflation after the core Personal Consumption Expenditures index data from February rose to 2.8% (a 0.4% monthly increase), which was higher than expected. 

S&P 500 drops $1 trillion in market cap value. Source: X / The Kobeissi Letter

The sell-off was further amplified by the markets’ response to US President Trump’s newly levied “reciprocal tariffs,” which applied a 25% tariff to “all cars that are not made in the United States.” 

The chances for a Bitcoin relief rally or oversold bounce are

Read More at https://cointelegraph.com/news/bitcoin-price-falls-toward-range-lows-but-data-shows-whales-going-wild-right-now?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The four-year crypto market cycle that traders and investors have become accustomed to is no longer as pronounced due to the maturation of crypto as an asset class and the participation of institutional investors, according to Polygon co-founder Sandeep Nailwal.

During a recent episode of Cointelegraph’s Chain Reaction, Nailwal said that Overall speculative activity is down due to high interest rates in the United States and low-liquidity conditions, but will rebound once rates are cut and the Trump administration settles into its new role.

Although interest rates on 10-year Treasury bonds have come down significantly, rates still remain relatively high. Source: TradingView

Nailwal added that while he expects 30-40% drawdowns between cycles and still expects the Bitcoin (BTC) halving to have some effect on markets, the four-year

Read More at https://cointelegraph.com/news/crypto-market-cycle-permanently-shifted-polygon-founder?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. The announcement comes as the Commodity Futures Trading Commission (CFTC) announced that digital asset derivatives wouldn’t be treated differently than any other derivatives.

The FDIC letter rescinds a previous instruction under former US President Joe Biden’s administration that required institutions to notify the agency before engaging in crypto-related activities. According to the FDIC’s definition:

”Crypto-related activities include, but are not limited to, acting as crypto-asset custodians; maintaining stablecoin reserves; issuing crypto and other digital assets; acting as market makers or exchange or redemption agents; participating in blockchain- and distributed ledger-based settlement or payment systems, including performing node functions; as well as related activities such as finder activities and

Read More at https://cointelegraph.com/news/us-regulators-fdic-cftc-ease-crypto-restrictions-banks-derivatives?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

It has been a wild few years for GameStop, the video game retailer turned memecoin stock. After being pulled from the edge of bankruptcy in 2021 thanks to a surging stock price, the company has made sensible business decisions over the years, such as shrinking its physical footprint and focusing on higher-margin items. 

Now, GameStop is trying to secure its survival by investing in Bitcoin (BTC). This approach seems to have worked for Strategy, Michael Saylor’s business intelligence firm turned Bitcoin bank. Strategy has now amassed more than 500,000 BTC through successive purchases. And despite experiencing massive volatility, Strategy’s stock has rallied more than 2,100% since acquiring its first Bitcoin back in 2020.

GameStop has memed its way back to relevance — who says it can’t secure at least the next decade of its existence by riding the Bitcoin wave?

This week’s Crypto

Read More at https://cointelegraph.com/news/crypto-biz-game-stop-takes-orange-pill?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US President Donald Trump has reportedly issued pardons to three of the co-founders of the cryptocurrency exchange BitMEX, who had pleaded guilty to felony charges.

According to a March 28 CNBC report, Trump granted pardons to Arthur Hayes, Benjamin Delo and Samuel Reed, who were facing a range of criminal charges related to money laundering or violations of the Bank Secrecy Act. Hayes and Delo pleaded guilty in February 2022, admitting they “willfully fail[ed] to establish, implement and maintain an Anti-Money Laundering program” at BitMEX, while Reed entered a plea a few weeks later.

At the time of publication, the White House had not released a statement suggesting that Trump planned to pardon the three men. Cointelegraph contacted BitMEX for a comment regarding the pardon, but did not receive a response at the time of publication.

Since taking office on Jan. 20, Trump

Read More at https://cointelegraph.com/news/donald-trump-pardon-bitmex-founders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ether (ETH) price fell 9.3% between March 26 and March 28, testing the $1,860 level for the first time in two weeks. This correction led to over $114 million in liquidations of leveraged ETH futures and caused the premium relative to the regular spot market to drop to its lowest level in over a year. 

Some traders have said that the rock-bottom ETH futures premium is a bottom signal, but let’s dig deeper into the data to see if this perspective makes any sense.  

ETH 1-month futures premium relative to spot markets. Source: Laevitas.ch

Ether’s monthly futures typically trade above the regular spot price as sellers demand compensation for the longer settlement period. A 5% to 10% annualized premium usually indicates neutral markets, reflecting the cost of opportunity and the exchanges’ risk. However, ETH futures dropped below this threshold on March 8, following a 24% price correction in

Read More at https://cointelegraph.com/news/ethereum-futures-premium-hits-1-year-low-is-it-time-to-buy-the-eth-bottom?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

A portion of the Ethereum community is pressuring the Ethereum Foundation to make decisions that may “break the entire social fabric” of the smart contract network by restricting Ethereum’s layer-2 (L2) networks, Polygon co-founder Sandeep Nailwal said.

Speaking during a March 28 episode of Cointelegraph’s Chain Reaction show on X, the Polygon founder said that he has only seen this type of pressure and anti-L2 rhetoric during the current market cycle amid suppressed price action for Ether (ETH).

“Everybody understands that if Ethereum doesn’t survive, the layer-2s won’t survive,” Nailwal said, adding:

“The Ethereum community should not pressure the developers enough — I should not be able to pressure the developers enough — for price movements and all that, they may end up making a decision that completely breaks the social fabric of Ethereum.”

The Polygon co-founder praised Vitalik

Read More at https://cointelegraph.com/news/sandeep-nailwal-preserving-social-fabric-ethereum?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected.

Traders are divided about Bitcoin’s price trajectory in 2025. Analyzing data from the prediction markets platform Polymarket, X user Ashwin highlighted that Bitcoin’s most bearish target for 2025 is $59,040, and the most bullish is $138,617.

Crypto market data daily view. Source: Coin360

Although the near-term remains uncertain, Real Vision chief crypto analyst Jamie Coutts remains bullish on Bitcoin. Coutts told Cointelegraph that Bitcoin could hit a new all-time high above $109,000 before the end of the second quarter. He added that a

Read More at https://cointelegraph.com/news/price-analysis-3-28-btc-eth-xrp-bnb-sol-doge-ada-ton-link-avax?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound