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Ethereum Layer 2 network Optimism (OP) is undergoing a large-scale restructuring that will affect more than 20% of its total workforce, BeInCrypto reported. The layoffs will impact teams involved in protocol development and ecosystem operations. The exact number of employees being let go has not yet been announced.

Wall Street hedge funds and other institutional investors are moving to offer clients services for the decentralized prediction market Kalshi, Bloomberg reported. Clear Street, a brokerage firm for hedge funds and professional traders, is scheduled to clear its first trade on Kalshi later this month and plans to expand its client service offerings by the end of the year. London-based brokerage firm Marex Group also plans to offer clients Kalshi-related services in the coming months.

The U.S. has released 172 million barrels from its Strategic Petroleum Reserve, Walter Bloomberg reported.

The U.S. Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MOU) with the Commodity Futures Trading Commission (CFTC) to enhance cooperation, The Block reported. The two agencies plan to use the agreement to promote market innovation and establish a regulatory framework for cryptocurrencies and other new technologies.

A party-government consultation in South Korea to discuss a second-phase virtual asset bill, known as the Digital Asset Basic Act, has been indefinitely postponed due to escalating tensions in the Middle East, News1 reported. The meeting was initially scheduled for March 5 but was delayed as the conflict led to increased uncertainty in financial markets. While discussions were considered for this week, the worsening war situation prompted another delay. Despite the postponement, the ruling Democratic Party's Digital Asset Task Force stated that its goal to introduce the bill this month remains firm.

Cryptocurrency exchange Bullish became one of the top three centralized exchanges by spot trading volume in February, with its market share of 5.06% surpassing Coinbase's 4.59%. The exchange's spot volume for the month reached $76 billion, a 62.6% increase from the previous month and its highest level since October 2025. Meanwhile, Binance maintained its leading position with approximately 22% of the spot market, though this marked its lowest share since 2020 as trading volume became more distributed among competing platforms.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.08% - Nasdaq: +0.08% - Dow Jones: -0.61%

President Donald Trump said the market is holding up well and that oil prices will fall, Walter Bloomberg reported on March 11.

Ripple (XRP) has launched a share buyback program that values the company at approximately $50 billion, Bloomberg reported. The company plans to purchase up to $750 million in shares from investors and employees through April. This follows a $500 million investment round in November 2025, led by Fortress Investment Group and Citadel Securities, which valued Ripple at $40 billion.

The U.S. Securities and Exchange Commission's (SEC) recent $10 million settlement with Tron (TRX) founder Justin Sun contradicts the Trump administration's broader stance on cryptocurrency regulation, according to a report from Decrypt citing local legal experts. Decrypt noted that the SEC's move last week to fine a crypto company for violating U.S. securities laws was an unusual step in the Trump era. Since President Trump returned to office, regulators have closed nearly all crypto-related cases inherited from the previous administration, consistently maintaining that most cryptocurrencies are not subject to securities laws. However, the SEC has now settled a lawsuit with Sun, a controversial entrepreneur with alleged business ties to the Trump family. The issue, Decrypt highlights, is that the fine was based on the premise that the sales of TRX and BTT tokens constituted securities law violations. This rationale clashes with the current administration's position, creating an awkward situation for the regulatory agency and complicating its approach to digital assets, the report emphasized.

India's Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and CTO of Darwin Labs, at Mumbai airport for his alleged involvement in the GainBitcoin pyramid scheme. According to The Block, Darwin Labs developed and deployed the technical infrastructure for GainBitcoin, one of India's largest crypto-related criminal enterprises. The total damages from the case are estimated to be around 80,000 BTC.

Mati Greenspan, founder and CEO of Quantum Economics, has pushed back against predictions that Bitcoin could crash to $10,000, a possibility recently raised again by Bloomberg Intelligence senior macro strategist Mike McGlone. Greenspan argued that for Bitcoin's price to fall that low, an event on the scale of a nuclear war would be necessary. According to CoinDesk, Greenspan stated that analysts often get swayed by short-term macroeconomic shifts and extrapolate them into absurd conclusions. He emphasized that Bitcoin, with its daily trading volume in the tens to hundreds of billions of dollars, would only plummet to $10,000 under extreme circumstances such as a global liquidity crisis, nuclear war, or a shutdown of the internet. McGlone has previously forecasted a drop to $10,000 before later revising his downside target to $28,000.

According to CoinNess market monitoring, BTC has risen above $71,000. BTC is trading at $71,003.89 on the Binance USDT market.

An investor has filed a lawsuit against Nasdaq-listed CEA Industries, a company focused on investing in BNB, alleging it is operating as a ghost company with lax management, The Block reported. The plaintiff, Abraham Gomez, sued CEA Industries and Hans Thomas, a CEA director and co-founder of 10X Capital. Gomez claimed that when he visited CEA's offices, he found no key executives or operational staff and could not even find a functioning website. In response, major CEA shareholder YZi Labs, formerly Binance Labs, commented that any investor's illusions would be shattered upon visiting a Nasdaq-listed company only to find it had no management, operations, or even a website. The lawsuit follows a previous governance dispute between YZi Labs and the CEA board, in which YZi Labs raised concerns about the board's autocratic management and alleged disclosure violations by 10X Capital and its affiliates.

Travis Bickle, co-founder of the on-chain trading card platform Fantasy.top, has publicly addressed and denied recent community allegations of a "soft rug pull," a type of scam where a project is slowly abandoned to drain investment funds. On his X account, Bickle stated that for the past two years, all of the company's operating funds have been covered by its revenue, which was then reinvested into developing various products and systems within the app. He asserted that no investor funds were used during this period. Bickle also refuted claims that the team had cut off contact with its more than 50 angel investors, saying that efforts are underway to provide all of them with the latest information. The allegations emerged recently after several of Fantasy.top's angel investors claimed on X that they had received no communication from the team since their initial investment.

Travis Hill, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), said that under the GENIUS Act, stablecoin holders will not receive any depositor protection benefits, CoinDesk reported. He plans to propose a new rule to clarify that payment stablecoins covered by the act are excluded from insurance coverage. Hill explained that while the GENIUS Act does not explicitly prohibit this, such a move would align with the spirit of the law. He added that depositor protection through third-party institutions will also not be permitted.

According to on-chain analytics firm Glassnode, the spot trading volume for the top 500 cryptocurrencies by market capitalization has been on a continuous decline since February. The firm added that during the same period, Bitcoin's spot trading volume remained relatively resilient, continuing to increase for most of the month.

General Tensor, an infrastructure developer for the decentralized AI network Bittensor (TAO), has raised a total of $5 million in seed and pre-seed funding rounds, The Block reported. The funding was reportedly led by Goodmorning Holdings, an affiliate of Goldman Sachs. General Tensor, formerly known as General TAO Ventures and founded in early 2024, focuses on building mining, validation, and subnet infrastructure for Bittensor.

An increasing number of traders in the Bitcoin options market are betting on a recovery to $80,000, The Block reported. The outlet noted that on March 11, Bitcoin stabilized around $70,000, moving past volatility caused by war. Additionally, the U.S. February Consumer Price Index (CPI) came in line with forecasts, contributing to the trend. "Based purely on the size of positions built in the options market, the probability of Bitcoin recovering to $80,000 by the end of June is about 35%," The Block stated. "It seems options traders are now anticipating that months of heavy selling have passed and the worst is over."

Matthew Sigel, head of crypto research at VanEck, predicted in an interview with CNBC that the stocks of Bitcoin mining companies are poised for further gains as they pivot to supplying power and computing capacity for artificial intelligence (AI) infrastructure. According to The Block, he said that amid surging power demand, Bitcoin miners are effectively sitting on a gold mine. Sigel explained that these companies' stocks are still trading at low prices compared to other data center firms when considering their market capitalization and megawatt capacity.

On-chain analytics firm Glassnode has projected that while Bitcoin remains exposed to downward pressure, several signals indicate the market may be entering a more stable phase. In its weekly report, Glassnode noted that the price of BTC has been trading within a range of $62,800 to $72,600 for over a month. Attempts to reclaim the $70,000 level have repeatedly failed, and geopolitical uncertainty is heightening medium-term downside risks. However, the firm observed signs of stabilization as ETF inflows have resumed and spot demand shows signs of recovery. A negative funding rate in the futures market suggests a bias toward short positions, increasing the likelihood of a squeeze if spot demand rises. Additionally, easing implied volatility in the options market signifies a reduction in short-term risk, Glassnode explained.

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

A new, anonymous Ethereum (ETH) wallet withdrew 8,209 ETH, worth approximately $16.85 million, from Coinbase about 26 minutes ago, according to Lookonchain. Withdrawals from exchanges are generally interpreted as a sign of intent to hold.

The European Central Bank (ECB) has announced a plan for tokenized finance aimed at strengthening the financial autonomy of the European Union (EU), CoinDesk reported. The plan includes Pontes, a trading platform based on distributed ledger technology (DLT) set to launch in the third quarter, and Appia, a long-term project to design the architecture, governance, and standards for a tokenized financial system. Appia, the core of the strategy, is planned to operate until 2028. According to the report, the initiative aims to create a more integrated, competitive, and innovative payments and securities environment in Europe, which will enhance the region's strategic autonomy and resilience and ensure the euro maintains its importance as an international currency.