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Sonic Labs ditch algorithmic USD stablecoin for UAE dirham alternative
Sonic Labs scraps its algorithmic stablecoin and pivots to a dirham-based alternative, aligning with UAE’s digital currency rollout in late 2025.
https://ct.com/e9y9
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🔥 LATEST: Ethereum’s Pectra mainnet deployment is tentatively scheduled for April 30.
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🔥 LATEST: Unitree’s G1 humanoid robot just performed the world’s first kip-up, marking a major leap in humanoid robotics.
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🇦🇪 JUST IN: The UAE plans to launch its digital dirham in Q4 2025, aiming to enhance financial stability, combat financial crime, and support innovation in digital payments.
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🚨 ALERT: Darkweb actors are reportedly selling over 100,000 user records from Gemini and Binance, including names, emails, and location data.
Binance denied a data breach, attributing the leak to phishing and compromised user devices, not their internal systems.
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🚨 JUST IN: Galaxy Digital will pay $200 million to settle charges from the New York Attorney General, who accused the firm of secretly dumping LUNA tokens while publicly promoting them.
The state says Galaxy made hundreds of millions in profit after buying LUNA at a discount and failing to disclose its sell-off.
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🚨 BREAKING: Grayscale has filed for an Avalanche ETF with Nasdaq.
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🇺🇸 ETF FLOWS: Around 1,020 BTC were bought and 2,090 ETH were sold on Mar. 27.
BTC ETFs saw $89M in net inflows.
ETH ETFs saw $4.2M in net outflows.
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🇺🇸 NEW: South Carolina introduces its Bitcoin Reserve bill (H4256) that allows the State Treasurer to invest 10% of the state funds into Bitcoin, with a cap of 1 million $BTC for its Bitcoin Reserve.
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🚨 TODAY: The SEC has formally announced the dismissal of civil enforcement action against Kraken, Consensys, and Cumberland as part of its efforts to reform and renew regulatory approach to the crypto industry.
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🚨 BREAKING: Crypto. com has announced that the SEC has agreed to close its investigation against the cryptocurrency exchange with no enforcement action taken.
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🇰🇿 LATEST: Kazakhstan is planning to establish a national crypto bank to regulate all cryptocurrency transactions in the country.
Lawmakers claim that 90% of crypto operations currently take place outside the legal framework.
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🐋 NOW: A crypto whale has just purchased 51,209 $ETH worth $103 million on Coinbase.
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🔥 NEW: Sequoia, Benchmark, and other top VCs have invested $400M+ into The Open Network (TON), backing its rise as the backbone of Telegram’s creator economy.
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🇺🇸 ETF FLOWS: Around 306 BTC were bought and 1,590 ETH were sold on Mar. 25.
BTC ETFs saw $26.8M in net inflows.
ETH ETFs saw $3.30M in net outflows.
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$1T stablecoin supply could drive next crypto rally — CoinFund’s Pakman
The growing stablecoin supply suggests cryptocurrency adoption is at its mainstream “tipping point.”
https://ct.com/e9xu
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⚡ TODAY: Ethereum ICO participant moves 1,700 $ETH ($3.18M) to Binance after 7 years of dormancy.
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🇺🇸 BULLISH: President Trump and Canadian PM Mark Carney held a productive first call and plan to meet after Canada’s April 28 election to discuss key political and business matters.
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🚨 BREAKING: President Trump has pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who had pled guilty to federal charges including money laundering and violating the Bank Secrecy Act.
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🔥 LATEST: Mt.Gox protester Kolin Burges is auctioning his iconic “Where is our money?” placard on Scare.City, with a starting price of 4.5 $BTC and bidding open until April 3.
The sign became a symbol of the 2014 Mt.Gox collapse after Burges flew to Tokyo to protest the exchange freezing withdrawals.
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🔥 TODAY: Tether mints another $1B in $USDT on $TRON network, bringing total minted in 2025 to $7B.
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🇺🇸 JUST IN: South Carolina has become the latest US state to dismiss its lawsuit against Coinbase for allegedly offering unregistered securities to users through a staking service.
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⚡️ LATEST: OpenAI CEO Sam Altman announced the company is putting a temporary rate limits in ChatGPT, saying its GPUs are melting after a viral social media trend that saw nearly everything “Ghiblifyied”.
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🚨TODAY: The US Government moved $8.46M in $BTC and $1.77M in $ETH from Sae-Heng Confiscated Funds, per Arkham.
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🗞 Catch up on the news over the last 24 hours!
🇺🇸 The US Senate has just passed the resolution to repeal the IRS DeFi broker rule with a 70-28 vote, next heading to President Trump’s desk.
⚡️Robinhood introduces wealth management, banking services, and AI-powered investment tool features in its latest keynote event, 'The Lost City of Gold.'
🔥 Bernstein analyst predicts Strategy’s Bitcoin holdings could double to 1M $BTC in a bull case scenario, and expects Bitcoin to hit $200,000 by the end of 2025, $500,000 by 2029, and $1 million by 2033.
🇺🇸 The Digital Assets Subcommittee Chairman Bryan Steil and House Financial Services Committee Chairman French Hill have officially introduced the STABLE Act, establishing a framework for the issuance and operation of dollar-denominated payment stablecoins in the US.
🇺🇸 ETF FLOWS: Around 1,030 BTC were bought and 2,860 ETH were sold on Mar. 26.
🇫🇷 France’s Blockchain Group has acquired 580 more BTC for €47.3M — now holding a total of 620 Bitcoin.
🔥 Sequoia, Benchmark, and other top VCs have invested $400M+ into The Open Network (TON), backing its rise as the backbone of Telegram’s creator economy.
🚨 Ripple partners with Chipper Cash to enable instant, cost-effective cross border payments into Africa via crypto and Ripple Pay.
🇫🇷 French state-owned bank Bpifrance launches €25m fund for new French crypto tokens.
🐋 A crypto whale has just purchased 51,209 $ETH worth $103 million on Coinbase.
⚡️ OpenAI is nearing a $40 billion SoftBank-led funding round that would value it at $300 billion.
🇰🇿 Kazakhstan is planning to establish a national crypto bank to regulate all cryptocurrency transactions in the country.
🚨 Crypto. com has announced that the SEC has agreed to close its investigation against the cryptocurrency exchange with no enforcement action taken.
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Sei Foundation floats 23andMe acquisition, genetic data on the blockchain
23andMe announced it was filing for bankruptcy in the US on March 23, leading to concerns from many users about the privacy of their genetic data.
https://ct.com/e9k3
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⚡️ JUST IN: OpenAI is nearing a $40 billion SoftBank-led funding round that would value it at $300 billion.
Revenue is expected to hit $12.7 billion this year, but the company won’t be cash-flow positive until 2029.
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🇫🇷 NEW: French state-owned bank Bpifrance launches €25m fund for new French crypto tokens.
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🇺🇸 JUST IN: The US Senate has just passed the resolution to repeal the IRS DeFi broker rule with a 70-28 vote, next heading to President Trump’s desk.
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🔥 BULLISH: Michael Saylor’s Strategy acquires 6,911 $BTC worth $584.1M at an average of ~$84,529 per BTC.
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