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

Euro-denominated stablecoins account for over 80% of the stablecoin market outside of the U.S. dollar, according to data from Dune. The total supply in this non-dollar segment is valued at $1.2 billion. The report noted that the use of euro stablecoins in payment infrastructure is on the rise, with Visa and Mastercard expanding their support for EURC payments. The monthly trading volume for non-dollar stablecoins has grown significantly over the past three years, now standing at around $10 billion. However, this remains a small fraction of the total stablecoin market, which is estimated to be between $300 billion and $316 billion.

According to CoinNess market monitoring, BTC has fallen below $69,000. BTC is trading at $68,978.85 on the Binance USDT market.

Coinbase has criticized the UK government's ban on political donations made with cryptocurrency, calling it an overreaction. According to DL News, the UK government implemented the ban to enhance national security and block foreign interference in its democracy. Tom Duff Gordon, Coinbase's vice president of international policy, argued that the move is an inefficient measure that restricts the payment method itself instead of addressing the core problems of managing identity and the source of funds.

A ban on interest payments for stablecoins under the proposed U.S. Crypto-Asset Market Structure Act (CLARITY) could reduce the circulation of USDC but is unlikely to impact the core revenue of its issuer, Circle (CRCL), according to an analysis by Citigroup. CoinDesk reported that the bank noted that while the measure could potentially hinder scaling, it would not completely undermine the investment case for the company. Citigroup stated its belief that the key metric for stablecoins is transaction volume, not circulating supply. The bank has assigned a "high risk" rating to Circle's stock and set a price target of $243.

Goldman Sachs has lowered its price target for Coinbase to $235 from $270, though it maintained its buy rating, U.S. financial news outlet TheStreet reported. The investment bank noted that crypto-related stocks have been trading sideways amid recent volatility after falling about 46% from their highs last October, reflecting continued investor uncertainty about the market outlook. However, Goldman Sachs added that some crypto stocks are now entering attractive buying zones.

Tempo, a blockchain focused on stablecoins and payments, has added support for the omnichain stablecoin USDT0. According to The Block, USDT0 is issued based on LayerZero's (ZRO) omnichain token standard and is pegged to USDT. The company stated that this move strengthens its foundation for transferring U.S. dollar liquidity quickly and efficiently across multiple blockchains.

The UK government has announced new sanctions targeting the Chinese-language cryptocurrency platform Xinbi, The Block reported. UK authorities noted that Xinbi provides cryptocurrency services to fraudulent organizations, supporting them with transaction information and various equipment used in criminal activities.

Iran has delivered its response to a 15-point proposal from the United States, TASS news agency reported. Iran characterized the offer as the third instance of American deception, arguing that the U.S. aims to manipulate international public opinion, suppress oil prices, and secure more time to prepare for additional military action.

LBank Labs announced that several cryptocurrencies posted significant gains during the March pre-market trading period on its LBank platform. EDGEX recorded the highest increase, surging 652% from its listing price. Other top performers included ROBO, which rose 523%, and BASED, which gained 483%. LBank Labs stated that the strong pre-market activity signals sustained market demand for early-stage projects, adding that its pre-market system is playing a key role in price discovery and securing liquidity.

The three major U.S. stock indices opened lower today. - S&P 500: -0.72% - Nasdaq: -0.91% - Dow Jones: -0.63%

Binance has announced it is delaying the spot listing of XAUt by 30 minutes. The listing will now take place at 2:00 p.m. UTC today, March 26, pushed back from the originally scheduled time of 1:30 p.m. UTC.

The Bhutanese government's Bitcoin holdings have fallen 66% from their 2024 peak, Decrypt reported. According to on-chain data, addresses presumed to belong to the government have transferred approximately $150 million worth of BTC to external addresses this year. Its current holdings stand at 4,453 BTC, valued at around $315 million.

Binance announced it will list the XAUT/USDT perpetual futures contract at 1:30 p.m. UTC today, offering up to 50x leverage.

Coinbase announced on its official blog that it has partnered with mortgage finance platform Better to launch a new mortgage product that uses cryptocurrency as collateral. The product is designed to allow users to use BTC and USDC for down payments and operates under the same conforming loan guarantee structure as U.S. mortgage agency Fannie Mae. The loans are executed and managed by Better, with crypto assets linked through the Coinbase platform. Coinbase One members who are approved for a loan can receive up to $10,000 in credits.

Sonic SVM (SONIC), a Solana Virtual Machine, announced via X that it has acquired ForgeX, a developer of on-chain market-making tools for Solana (SOL). Alongside the acquisition, Sonic has open-sourced ForgeX's core product, the ForgeX CLI. The tool supports token issuance, multi-wallet trading, and volume management.

Foreign exchange startup XFX has raised $17 million in a Series A funding round to expand its business aimed at improving exchange efficiency between stablecoins and fiat currencies, according to Fortune. The round was led by Castle Island Ventures, with participation from Haun Ventures, Coinbase Ventures, and others. The company plans to use the funds for hiring and partnership expansion.

Hashdex has added ADA and LINK to its crypto index fund (NCIQ), CoinDesk reported. The fund previously included BTC, ETH, XRP, SOL, and XLM.

Bitcoin miner MARA Holdings (MARA) has sold 15,133 BTC, AggrNews reported.

Brazilian President Luiz Inácio Lula da Silva has signed a reform bill that allows seized cryptocurrency to be used for public security funding, CoinDesk reported. The bill, part of a comprehensive reform to combat organized crime, permits cryptocurrency confiscated from criminal organizations to be used for acquiring police equipment, funding intelligence-gathering activities, and training security personnel.

U.S. pro-crypto political group Stand With Crypto has launched a 'Voter Center' platform ahead of the midterm elections to help voters check candidates' stances on crypto policy, a media outlet reported. The platform provides information on key battleground districts and indicates whether a candidate is pro-crypto. The group also announced its endorsement of six candidates for the House of Representatives and its opposition to two others. According to a poll, about 60% of crypto holders are not aligned with a specific political party, and nearly half consider a candidate's crypto policy a priority when voting.

Neobank Revolut, which offers cryptocurrency and crypto stock investment services, announced it is expanding its operations in India and plans to deploy approximately 40% of its staff to the country by the end of this year. According to Reuters, the company aims to increase its total number of employees in India to 5,500 and launch a local payment service within the second quarter of this year.

Fannie Mae, one of the two major U.S. government-sponsored mortgage guarantee agencies, plans to permit home loans backed by cryptocurrency, The Wall Street Journal (WSJ) reported. The move would mark the first time crypto-collateralized mortgages are introduced in the United States.

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, has predicted that the market capitalization of USDC issuer Circle could more than triple to $75 billion within the next four years. Hougan noted that Circle's valuation has already risen significantly from its pre-IPO level of around $7 billion last year. He also highlighted that it is effectively the only publicly traded company offering stock market investors exposure to the stablecoin industry. He added that while major financial institutions like Bank of America, Stripe, and Wells Fargo may enter the market, early movers like Circle are likely to maintain a competitive advantage.

BlackRock deposited 1,133 BTC ($78.83 million) and 15,405 ETH ($32.02 million) into Coinbase Prime about an hour ago, according to Arkham. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.