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Strategy (MSTR), a large-scale investor holding 740,000 Bitcoin, is conducting a massive experiment across the global financial sector. Going beyond simple acquisitions, the company is using unique financial engineering with STRC and mNAV to create a perpetual cycle of Bitcoin accumulation, raising the question of whether it is a market guardian or a ticking time bomb. This report delves into Strategy's financial approach, which is blurring the lines between cryptocurrency and traditional capital markets. Note: The CoinNess Daily Report selects and analyzes one cryptocurrency industry issue each day. Stay informed with CoinNess.

BlackRock has deposited 566.88 BTC ($39.64 million) and 7,552 ETH ($15.52 million) into Coinbase Prime, according to Onchain Lens. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.

The global crypto exchange-traded product (ETP) market grew to $172.5 billion as of 2025, but 85% of this volume is concentrated in products listed in the United States, according to a report from Tiger Research, an Asia-based Web3 research and consulting firm. The report stated that while ETP product types have diversified into six main forms beyond simple spot holdings, the market's attempts to expand through various derivative products are still in an early stage and have not yet attracted significant capital inflows. For the current institution-led crypto market to grow sustainably, Tiger Research argued that it is essential to both establish genuine diversity in derivative products and for the underlying Web3 industry to undergo rigorous self-regulation.

The Bitcoin MVRV indicator has fallen to levels last seen just after the collapse of FTX in 2022, a development worth noting as a similar instance was followed by a 67% price surge over three months, according to Santiment. Glassnode has also detected early signs of stabilization, citing renewed ETF inflows and a recovery in spot demand. However, analysts see limited potential for a short-term surge, anticipating several more months of sideways movement before any major price action. MVRV is an on-chain metric that indicates how overvalued or undervalued an asset's market value is relative to its realized value.

U.S. Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham has outlined why the CFTC and the Securities and Exchange Commission (SEC) must cooperate. - Clarify commodity definitions through joint interpretation and rulemaking to end confusion over whether a token is a security or a commodity. - Modernize frameworks for clearing, margin, and collateral, allowing capital efficiency to improve liquidity and lead to better pricing. - Reduce friction for dually registered exchanges, trading platforms, and intermediaries to alleviate regulatory burdens and over-regulation. - Provide a regulatory framework suitable for crypto and new technologies to make the U.S. the crypto capital. - Streamline regulatory reporting for transaction data, funds, and intermediaries to reduce costs and improve data quality. - Coordinate cross-market examinations, economic analysis, risk monitoring, surveillance, and enforcement, as cooperation is stronger, faster, and cheaper. Previously, U.S. SEC Chairman Paul Atkins stated that the jurisdictional conflict between the SEC and CFTC had ended, adding that the two agencies signed a memorandum of understanding (MOU) to enhance cooperation.

According to CryptoQuant analyst maartunn, the futures-to-spot ratio on Binance has surged to approximately 5.1, marking its highest point in one and a half years. This increase is attributed to the structural growth of the derivatives market rather than a decline in spot trading. Historically, a higher ratio has been associated with greater and faster price volatility, suggesting a need for caution regarding potential sharp, short-term price fluctuations.

Toss (Viva Republica) has announced its intention to enter the business of issuing and distributing a won-backed stablecoin. According to ZDNet Korea, Seo Sang-hoon, a managing director at Viva Republica, revealed the plans at the '2026 BCMC' blockchain conference on March 12. He stated that Toss wants to explore the roles of both a stablecoin issuer and a distributor. The conference was hosted by South Korea's Ministry of Science and ICT and the Korea Internet & Security Agency (KISA). Toss is considering joining a won-backed stablecoin consortium to facilitate the issuance. The company also plans to expand the stablecoin's usability through a "DApp Store."

Strategy is estimated to have raised enough funds yesterday through the sale of its STRC perpetual preferred stock to purchase approximately 2,018 BTC. According to Bitcoin Treasuries, this is about four times the amount of new Bitcoin mined globally on the same day.

Robert Kiyosaki, author of the book Rich Dad Poor Dad, has warned that the biggest stock market crash in history could begin in 2026. According to Cointelegraph, he argued that the 2008 financial crisis was never fundamentally resolved and recommended that investors actively acquire gold, silver, Bitcoin, Ethereum, and crude oil as safe-haven assets.

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for Hedera (HBAR) starting at 9:00 a.m. UTC on March 18 to support an upcoming network upgrade.

DWF Ventures, the venture arm of DWF Labs, said in a report that it has high expectations for the introduction of a Korean Won-based stablecoin. The report notes that South Korea has a suitable environment for stablecoin proliferation, with approximately 18 million people holding digital assets and 98% of the population using digital payments. A won-denominated stablecoin is expected to reduce reliance on U.S. dollar-based stablecoins, mitigate capital outflows, increase the transparency of fund flows, and strengthen controls over illicit transactions. It could also contribute to creating new revenue streams through reserve management and improving capital efficiency in financial markets. Major stablecoin issuers like Circle and Tether are already exploring market entry through discussions with companies such as Naver and Kaia. However, the report identifies regulatory uncertainty over the issuance structure as a major obstacle. The Bank of Korea favors a bank-led consortium model, while discussions are also ongoing about a regulatory sandbox to expand private sector participation. DWF Ventures analyzed that competition in the space is expected to intensify following the passage of the Digital Asset Basic Act (DABA).

OKX has announced the delisting of five spot assets: RSS3, MEMEFI, GHST, RIO, and SWEAT. According to the announcement, the USD pairs will be delisted between 8:00 a.m. and 10:00 a.m. UTC on March 19, followed by the USDT pairs between 8:00 a.m. and 10:00 a.m. UTC on March 22.

An address presumed to belong to Ceffu, Binance's institutional custody platform, has deposited 1,744 BTC ($121 million) to Binance, according to Whale Alert.

BlackRock's ETF brand, iShares, is featuring its staking-supported Ethereum (ETH) spot ETF at the top of its website, according to Nate Geraci, CEO of asset management firm Novadius Wealth Management. BlackRock submitted an amended S-1 filing for its ETH staking ETF, ETHB, to the U.S. SEC last month. Geraci noted that the prominent placement of the ETH product is significant, as iShares manages nearly every asset class through around 500 ETFs listed on U.S. stock exchanges.

Blockchain ecosystem development activity has contracted sharply since early last year, accompanied by a steep drop in the number of developers, CoinDesk reported, citing data from Artemis. According to the data, the number of commits, which track code changes in crypto-related projects, fell from 850,000 to 210,000, while the number of active developers decreased to approximately 4,600. The report suggests that talent and resources leaving crypto projects are being absorbed by the AI sector. The ecosystems that saw the largest decreases in developers were Ethereum (ETH), down 34% to 2,811; Solana (SOL), down 40% to 942; and Base, down 52% to 378. However, the outlet noted that this may indicate a consolidation rather than a collapse of the ecosystem, as developers with more than two years of experience account for 70% of all activity.

Coinbase CEO Brian Armstrong has strongly refuted recent allegations that the company lobbied against a tax exemption for small Bitcoin transactions. According to U.Today, rumors had spread within some crypto communities that Coinbase was working to eliminate this tax benefit, supposedly because the company would profit if the exemption were applied only to stablecoins. Armstrong stated that he does not know the source of this misinformation, calling the claim a complete fabrication. He emphasized that he has invested significant time advocating for the tax exemption on small Bitcoin transactions and intends to continue doing so.

The team behind the meme coin Trump (TRUMP) deposited 5 million TRUMP, worth $14.4 million, from a BitGo custody address to Binance two hours ago, according to EmberCN. This transfer is part of a larger batch of 32.5 million TRUMP that the team unlocked early last month. Of the previously unlocked tokens, 9.88 million TRUMP ($31.7 million) had already been sent to Binance. Deposits to exchanges are often interpreted as a potential precursor to selling.

Amid a rise in voice phishing scams involving cryptocurrencies, the South Korean government will require cryptocurrency exchanges to adopt the same level of fraud prevention measures as traditional financial institutions, Edaily reported. South Korea’s Financial Services Commission announced today that an amendment to the Telecommunications Fraud Damage Refund Act, aimed at strengthening the response to voice phishing crimes using virtual assets, has passed a plenary session of the National Assembly. The amendment expands the definition of recoverable assets from just money to include virtual assets, strengthening the relief process for victims. Cryptocurrency exchanges will also be required to join the 'ASAP' (Voice Phishing Information Sharing and Analysis AI Platform) to share information on suspicious transactions, strengthening the cooperative framework between institutions.

Gravity, the Layer 1 blockchain from Web3 community platform Galxe (G), has announced the launch of its Longevity testnet. Initial performance tests in a controlled environment showed high throughput. In a cluster with three validators, the network achieved a 200-millisecond (ms) block time and processed 9,500 to 11,000 transactions per second (TPS) for ERC-20 transfers. To enhance transparency, the testnet includes a benchmark tool, "gravity_bench," an open-source utility that allows developers to independently verify its performance. Gravity described the testnet as the final milestone before its Layer 1 mainnet launch, providing an environment for developers, validators, and infrastructure teams to experiment with the network.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.45% long, 49.55% short - Binance: 51.28% long, 48.72% short - OKX: 50.68% long, 49.32% short - Bybit: 51.57% long, 48.43% short

Prediction market platform Kalshi has filed a preemptive lawsuit against regulators in the U.S. state of Iowa to counter potential sports betting regulations, Cointelegraph reported. According to the complaint filed in an Iowa federal court, Kalshi stated there is a high probability that the Iowa Racing and Gaming Commission will take enforcement action to block its event contracts. The company argued that its products are federally regulated commodities under the jurisdiction of the Commodity Futures Trading Commission (CFTC) and are therefore not subject to state law.

Demand for XRP from dip-buyers is being maintained even as the token's upward momentum slows, Cointelegraph reported. The token rose to $1.41 before selling pressure pushed it into a sideways trend, confirming the $1.40 level as a short-term resistance. Despite this, buying pressure has consistently defended the $1.37–$1.373 range, forming a structure of gradually higher lows. This indicates that demand from dip-buyers remains strong despite the weakening momentum, the outlet explained.

South Korean crypto exchange Bithumb announced it will list CySiq (CYS) for KRW trading at 8:00 a.m. UTC on March 12.

Losses from crypto ATM scams in the United States reached $333 million last year, Cointelegraph reported, citing a report from cybersecurity firm CertiK. The increase is attributed to fraud groups using AI deepfake technology. According to the report, criminal organizations are exploiting the fast transaction speeds and anonymity of crypto ATMs to steal funds from victims. The analysis noted that these ATMs have become an easy tool for theft because cash can be converted to cryptocurrency in under five minutes with limited identity verification.

Binance Co-CEO He Yi said on X that traditional finance views cryptocurrency as a solution, and the crypto industry likewise sees traditional finance as a solution. She added that recent industry fundraising and the market performance of companies preparing for or having completed IPOs seem to have prompted financial media to re-evaluate Binance's corporate value. While Forbes's valuation is encouraging, He Yi noted, a corporate valuation is ultimately just an estimate.