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Coinbase has announced support for USDT deposits and withdrawals on the Polygon (POL) and Arbitrum (ARB) networks.

The Algorand (ALGO) Foundation has cut its workforce by 25%, Decrypt reported. The foundation attributed the move to the prolonged downturn in the crypto market and macroeconomic uncertainty.

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins outlined four types of digital assets that are generally not considered securities in an interview with CNBC. These include digital commodities, digital tools, digital collectibles like NFTs, and stablecoins. In response to a point from the host that digital collectibles could be structured to resemble securities, Atkins stated that while this is true for any asset, digital collectibles are typically treated as items to be bought and held, similar to physical collectibles, rather than as investment contracts, which is a core feature of a security.

The crypto industry's Super PAC, Fairshake, failed in its multimillion-dollar effort to defeat Illinois Lieutenant Governor Juliana Stratton in her Democratic primary race, CoinDesk reported. Fairshake spent millions of dollars opposing Stratton and supporting her rival, accounting for more than 5% of the funds the PAC plans to deploy in this year's elections. However, Stratton won the primary held this week, making her a strong contender for the Senate seat in the November general election. She had previously received an 'F' grade from the pro-crypto advocacy group Stand With Crypto, indicating strong opposition to the industry.

The U.S. Securities and Exchange Commission (SEC) has approved a Nasdaq rule change that allows for the clearing and settlement of certain securities in a tokenized form under the DTC tokenization pilot program, Wu Blockchain reported. Qualified participants can opt for tokenized settlement by setting an order flag. Tokenized and traditional shares will be traded within the same order book and receive the same execution priority. The program will initially include Russell 1000 stocks and select major index ETFs.

The three major U.S. stock indices closed lower today. - S&P 500: -1.36% - Nasdaq: -1.46% - Dow Jones: -1.63%

Coinbase announced that it has added ICNT to its listing roadmap.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The FTX Recovery Trust, which manages the assets of the bankrupt cryptocurrency exchange, announced it is scheduled to repay approximately $2.2 billion to creditors on March 31. According to CoinDesk, additional repayments to preferred shareholders are scheduled for later this year. The funds are expected to be deposited within one to three business days via BitGo, Kraken, and Payoneer.

U.S. Federal Reserve Chairman Jerome Powell said at a press conference that while a rate hike was discussed at the latest meeting, most participants do not consider it the base case scenario. He added that the meeting included discussions on the potential two-way risks surrounding interest rates. Powell also stated that the possibility of an interest rate increase at the next meeting was explicitly mentioned.

U.S. Federal Reserve Chairman Jerome Powell said at a press conference that the current energy supply shock will be a one-off event.

The Dow Jones Industrial Average has extended its intraday losses, falling by 1.36%. The Nasdaq Composite is currently down 1.10%, and the S&P 500 is trading 1.03% lower.

U.S. Federal Reserve Chairman Jerome Powell said at a press conference that he has no intention of leaving the board before the Department of Justice investigation concludes. He added that he has not yet decided whether he will remain in his position after the investigation is finished. Powell also said he would serve as acting chair if a new Fed Chair is not confirmed before his term ends.

Kalshi founder Tarek Mansour has described a 20-count criminal complaint filed against the company by the state of Arizona as an attack on a platform supervised by the Commodity Futures Trading Commission (CFTC), rather than a typical gambling crackdown. According to CoinDesk, Mansour called Arizona's move a "complete overreach of authority" and emphasized that Kalshi will continue to defend its business, even if the legal battle expands. Meanwhile, CFTC Chairman Michael Selig characterized the complaint as a jurisdictional dispute, stating on X that the agency is "closely monitoring the situation and considering various response options."

According to the U.S. Federal Reserve FOMC's economic projections, the median forecasts for year-end Personal Consumption Expenditures (PCE) inflation are as follows: - Year-end 2026: 2.7% (revised up from 2.4% in December) - Year-end 2027: 2.2% (revised up from 2.1% in December) - Year-end 2028: 2.0% (unchanged from 2.0% in December)

The U.S. Federal Reserve's latest dot plot shows the following rate projections for 2026 from its 19 members: - Seven members project no rate changes throughout 2026. - Seven members project a cumulative 25 bp cut. - Two members project a cumulative 50 bp cut. - Two members project a cumulative 75 bp cut. - One member projects a cumulative 100 bp cut.

The U.S. Federal Reserve's Federal Open Market Committee (FOMC) announced in an official statement that it will hold the benchmark interest rate steady, a decision that aligns with market expectations. As a result, the U.S. benchmark interest rate remains in the 3.50% to 3.75% range.

While Bitcoin has shown relative strength against major risk assets in recent weeks, reclaiming the $75,000 level is a key turning point for a full-fledged uptrend, CNBC reported. The outlet noted that Bitcoin appears to be forming a cup-and-handle technical pattern, similar to one seen from November 2025 to mid-January 2026. However, a breakout attempt from that previous pattern failed within about two days, leading to a three-week decline. The recent rebound began from an oversold condition, with the Relative Strength Index (RSI) rising to the 60 level at one point this week. While this is a positive technical signal, it does not yet indicate overbought conditions. Price action around the 50-day moving average (50-DMA) is also cited as a key variable for the short-term trend. Historically, after reclaiming this indicator in April 2025, Bitcoin rallied from below $75,000 to around $126,000. Conversely, when a subsequent uptrend pattern failed to hold the 50-DMA, a further correction of about 39% occurred.

Visa Crypto Labs has launched a command-line interface for AI agent payments, according to The Block. The product, called Visa CLI, is the lab's first "Experimental" release and enables AI agents to execute programmatic payments directly from a terminal. This allows for card payments without the need to configure API keys. A CLI tool is a program controlled by entering text commands rather than clicking buttons, menus, or icons in a typical application.

According to CME Group's FedWatch tool, traders are pricing in a 98.9% probability that the U.S. Federal Reserve will hold its benchmark interest rate steady at the March FOMC meeting. The probability of a 0.25 percentage point hike is estimated at 1.1%.

Citigroup has downgraded its investment rating for cryptocurrency exchange Gemini, causing its stock to plummet, Decrypt reported. Citi analysts lowered their rating on Gemini from "Neutral" to "Sell" and cut the price target from $13 to $5.50. Following the announcement, Gemini's stock (GEMI) fell by approximately 16% and is currently trading at around $5.99.

Cryptocurrency exchange Kraken has reportedly put its multi-billion dollar initial public offering (IPO) on hold due to worsening market conditions, CoinDesk reported. The exchange, which formalized its listing plans about four months ago, is said to be rescheduling due to the recent crypto market downturn, decreased trading volume, and the impact of falling asset prices on its corporate valuation. The company has not withdrawn its IPO plans entirely and has left open the possibility of resuming the process if market conditions improve.

Major exchanges have seen $122 million worth of futures liquidated in the past hour. In the past 24 hours, $389 million worth of futures have been liquidated.

A surge in energy prices due to the war in Iran is causing a decline in the Bitcoin hashrate, putting pressure on both miners and the broader market, according to an analysis by CoinDesk. The network's hashrate fell by approximately 8% last week to around 920 EH/s. The report suggests this drop is likely tied to geopolitical tensions and the spike in oil prices resulting from the conflict, as about 8-10% of global Bitcoin mining occurs in markets sensitive to energy costs. As a result, Bitcoin's mining difficulty is expected to fall by up to 10%, which would be one of the largest downward adjustments in the last five years. CoinDesk also noted that a sharp decline in hashrate often coincides with periods of stress for miners and downward pressure on the price of Bitcoin.

SBI VC Trade, the digital asset subsidiary of Japanese financial giant SBI Holdings, has launched a USDC lending service for retail investors, Cointelegraph reported. The service allows users to deposit the stablecoin USDC on the platform for a set period to earn interest. The launch follows SBI's full-scale commercialization of USDC in Japan in March 2025, which came after securing regulatory approval, as part of the company's broader strategy to expand stablecoin adoption.