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The market capitalization of stock tokens has increased from $100 million at the beginning of last year to $4 billion today, CoinDesk reported.

A whale address that acquired 5,000 BTC 13 years ago at an average price of $332 sold another 1,000 BTC, worth $71.57 million, seven hours ago, EmberCN reported. The address has been offloading its holdings since November 2024 and is estimated to have sold a total of 3,500 BTC for $332 million to date, at an average selling price of $94,786. The wallet now holds 1,500 BTC, valued at $106 million.

Although Bitcoin has given back some of its gains following the U.S. Federal Open Market Committee's (FOMC) interest rate announcement in March, an analysis suggests this is a healthy correction within an uptrend, citing robust on-chain data. In a contribution to CryptoQuant, analyst firm XWIN RESEARCH JAPAN explained that Bitcoin's rapid decline was a "sell the news" event. This was because weakening expectations for a rate cut dampened the outlook for a short-term liquidity injection into the market. However, the firm noted that on-chain data remains strong. Bitcoin holdings on exchanges are steadily decreasing while ETF holdings are increasing, indicating a continued trend of institutional accumulation. A shrinking supply during a correction phase could support upward momentum in the medium term. In particular, the continued accumulation by whale investors even as prices fall demonstrates long-term positioning. The analysis concluded that the market is in a phase where short-term adjustments due to macroeconomic variables are occurring simultaneously with medium-term structural strength. This is seen as a healthy correction within an uptrend, not a simple bear market.

U.S. Commerce Secretary Howard Lutnick, the former CEO of Cantor Fitzgerald, received a large loan from Tether while selling his stake in the company to his children to comply with federal regulations following his nomination, Bloomberg reported. The size and purpose of the loan were not disclosed, though the report raised suspicions that Lutnick used the funds to help his children purchase the stake. Both the Commerce Department and representatives for Lutnick maintain that the process was conducted legally. Bloomberg noted that Tether and Cantor Fitzgerald have had a close relationship in recent years, fueling a growing debate over potential conflicts of interest related to the Trump administration's pro-cryptocurrency policies. Lutnick was nominated in November 2024, at which time it was also reported that he was a major shareholder in Tether.

Onchain Lens reported that two anonymous addresses, believed to belong to a single entity, purchased 50,706 ETH, worth $111.62 million, at an average price of $2,201. The on-chain analysis firm added that while the two addresses had been consistently selling ETH over the past year, they have now resumed buying in large volumes.

CoinMarketCap's Altcoin Season Index is currently at 52, the same level as yesterday. The index is calculated by comparing the price performance of the top 100 coins, excluding stablecoins and wrapped tokens, against that of Bitcoin over the past 90 days. An "altcoin season" is declared when 75% of these top 100 coins outperform Bitcoin during that period, while the opposite is considered a "Bitcoin season." A score closer to 100 indicates a stronger trend toward an altcoin season.

The U.S. Senate has rejected a war powers resolution aimed at limiting further military intervention against Iran, CBS News reported. This marks the third unsuccessful attempt by the Democratic Party to restrict President Donald Trump's military authority regarding Iran. The resolution, introduced by Democratic Senator Cory Booker, sought to prohibit military operations involving Iran without explicit congressional approval. It also called for the withdrawal of U.S. forces from any hostilities in or against the country. To date, Congress has not formally authorized military action against Iran.

Bitcoin-focused financial services application Fold (FLD) recorded a net loss of $69.6 million in 2025, The Block reported. The company's annual revenue reached $31.8 million, up 34% from the previous year. Fold currently holds 1,527 BTC, with its holdings remaining unchanged since June of last year.

The proliferation of stablecoins poses a real threat to bank profitability rather than to national security, according to a recent report from Delphi Digital. The report noted that banks currently secure substantial margins by taking in public deposits, which offer an interest rate of around 0.39%, while U.S. Treasury yields stand at approximately 3.89%. In contrast, stablecoin issuers operate by holding assets like Treasuries as collateral and are gradually introducing models that pass these returns directly to their holders. If this structure becomes widespread, it could lead to a significant outflow of deposits from the banking sector, depriving banks of a cheap and reliable source of funding and potentially weakening their ability to offer low-interest loans. Ultimately, the report explained, the rise of stablecoins threatens the risk-free profit structure long enjoyed by traditional finance and could become a factor that reshapes capital flows in the financial market.

The Fear & Greed Index from crypto data provider Alternative has fallen three points from yesterday to 23, re-entering the Extreme Fear category. The shift comes just three days after the index had moved into the Fear stage. The index measures market sentiment on a scale where zero represents extreme fear and 100 indicates extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Decentralized exchange Aster (ASTER) has launched a perpetual futures market centered on USD1, the stablecoin from World Liberty Financial (WLFI), the project announced on its official X account. Alongside its existing USD1 spot pair trading competition, Aster is also holding a new competition for the perpetual futures pairs. Traders can participate in a monthly incentive program offering up to 2.5 million WLFI, which will be distributed weekly starting with the BTC/USD1, ETH/USD1, and SOL/USD1 pairs. Aster plans to add more than 10 additional USD1 pairs in the future. Monthly incentives will also be provided to users who hold USD1 on the exchange. The USD1 pairs feature a 0.005% taker fee and a 0% maker fee, lower than the 0.05% fee for USDT pairs. Like USDT, USD1 can be used as collateral or as an asset for margin trading.

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."