Author: James Wilson

United States Senator Bill Hagerty has introduced an updated version of the Guiding and Establishing National Innovation for US Stablecoins Act ahead of a key Senate Banking Committee vote on March 13. According to a March 10 announcement, the revised bill strengthens regulatory standards for stablecoin issuers, refining rules on consumer protections, reserve requirements, and oversight.  One of the biggest shifts is its tougher stance on non-US stablecoin issuers, imposing what Web3 app founder Dom Kwok, in a March 11 X post, described as “extra high standards” for reserves, liquidity, and compliance checks. This move is expected to give US-based…

Strategy’s stock is down almost 50% from its Nov. peak, but the company continues its aggressive Bitcoin accumulation strategy amid the current crypto bloodbath. Strategy stock plunged 17% yesterday, closing at $239.27. This marks an almost 50% shave-off its value since its peak of $473.83  in Nov. 2024. According to Bloomberg, Strategy’s stock surged even faster than Bitcoin, driven by optimism that Trump would create a strategic Bitcoin reserve. However, as Bitcoin (BTC) has surrendered most of its recent gains, Strategy’s stock has tumbled at an even steeper rate. Source: Bloomberg Investor sentiment turned particularly sour when Trump’s executive order…

ELX crypto surged by as high as 68% in the past 24 hours of trading ahead of a listing on South Korean crypto exchange Bithumb. According to data from CoinGecko, Elixir’s (ELX) rallied to an all-time high of $0.726 on March 11 as its market cap surged past $100 million. Its daily trading volume was up 154% over the previous day at $117 million.  ELX’s gains today followed after South Korean crypto exchange Bithumb revealed it would be adding the altcoin to its Korean Won market. According to Bithumb’s official announcement, trading for ELX will begin at 4:00 PM KST…

Texas state lawmakers have introduced a second Bitcoin reserve bill that would allow the state Comptroller to invest up to $250 million in Bitcoin or other cryptocurrencies. On March 11, a document on the Texas state government site reveals another Bitcoin (BTC) reserve bill, HB 4258, has entered the ring. This is the second Bitcoin reserve bill to be introduced in the state, following Senate Bill 778, which is currently being reviewed by the House after passing a majority vote in the Senate. Unlike the first bill, HB 4258 would grant the Comptroller, Texas’ chief accountant and financial watchdog, the…

The stablecoin market cap has reached a new all-time high of $226.8 billion, up from $132 billion in January 2024. According to data from DefiLlama, $2.43 billion in stablecoins was added in the past week alone. With a market value of $143 billion, Tether (USDT) is still the largest stablecoin, accounting for 63% of the market. USDT’s market capitalization is roughly three times that of USD Coin (USDC), which has a market capitalization of $57 billion. Notably, Ethena USDe (USDE) has surged to become the third-largest stablecoin, now boasting a $5.45 billion market capitalization. Solana (SOL) has seen the most…

There is a lot of hype in the crypto market about automated cryptocurrency trading bots. For people asking, “What is a Crypto Trading Bot?” Well, a bot is a software program that performs a specified set of tasks within some defined rules, and so, a crypto trading bot is a software program that conducts trading within the rules defined by traders. Moreover, since it’s a software program, it runs automatically after the initial setup. Check out these 16 Best Paid and FREE Crypto Trading Bots. Why do we need Crypto trading bots? The answer is pretty simple; crypto bots overcome…

A controversial rule that expanded the definition of exchanges to include crypto firms may be abandoned as U.S. Securities and Exchange Commission Acting Chairman Mark Uyeda calls for a reassessment. The regulation in question is a 2020 rule originally designed to refine oversight of Alternative Trading Systems but was later broadened under former SEC Chair Gary Gensler to cover crypto platforms. Speaking at the Institute of International Bankers’ Washington Conference on March 10, Uyeda said the rule’s expansion was a mistake and has asked SEC staff to explore dropping the crypto-related provisions. Uyeda explained that the rule was initially meant…

Ethereum could see a drastic price drop to as low as $200–$400 if the crypto market has entered a new bear cycle, according to Quit, vice president of blockchain at Yuga Labs. In a Mar. 11 post on X, Quit questioned optimistic price targets for Ethereum (ETH). While many see $1,500 as a likely floor for ETH, he warned that if the downturn is only beginning, historical trends suggest an 80–90% drawdown could push prices as low as $200–$400. He also pointed out that Ethereum’s 30% weekly drop and 50% decline over the last three months don’t necessarily mean the…

Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs. According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58 Bitcoin (BTC) (~$905 million) moved to an unidentified wallet, while 332 BTC (~$26.1 million) was transferred to a warm wallet. This follows a string of recent actions by Mt. Gox, such as the transfer of more than $1 billion in Bitcoin to a wallet with the name “1Mo1n” on Mar. 6. Today’s transactions were made by that wallet, which is…

Decentralized exchanges are crypto exchanges that do not need to be governed by a third party. Anyone can trade on DEX, with only the need to link their wallets. Uniswap, SushiSwap, and PancakeSwap are a few examples. However, these exchanges sell cryptocurrencies at slightly varying prices. As a result, Ethereum may sell for different prices on different DEXes; each platform charges a different fee. So to get the best pricing from all DEXes, we need 1inch. In this article, we will get a complete understanding of 1inch. What is 1inch? 1inch is a DEX aggregator that connects many DEXes into…