The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news
The SEC vs. Ripple case is approaching its conclusion, with ongoing delays due to negotiations over the August 2024 ruling. Ripple’s legal team is reportedly pushing for more favorable settlement terms, arguing that if the new SEC leadership is scaling back enforcement actions against crypto firms, the penalties imposed on Ripple would be unjustified.
Accepting the ruling would imply an admission of wrongdoing, while the SEC itself has yet to take a clear stance on how it intends to proceed under the new administration.
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The Bank of Russia has proposed a special three-year legal regime allowing qualified investors to trade cryptocurrencies.
This initiative aims to enhance market transparency while maintaining restrictions on cryptocurrency as a payment method and limiting access to experienced investors.
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Garantex exchange administrator Aleksej Besciokov has been arrested in India at the request of the U.S., facing charges of money laundering, sanctions violations, and operating without a license. The exchange has been dealing with a series of serious issues:
⚫️February 24 – The EU added Garantex to its sanctions list over ties to Russian banks
⚫️March 6 – Tether froze approximately $27m (2.5bn rubles) in exchange wallets, halting operations
⚫️March 7 – The U.S. DOJ, along with German and Finnish authorities, seized Garantex’s domains and servers, freezing $28m
⚫️March 10 – Garantex announced compensation for blocked funds, offering in-person meetings for Moscow-based clients and a "secure remote solution" for others
⚫️March 12 – Aleksej Besciokov was arrested in India
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Gemini has added USD payment support for institutional clients in the UK and Switzerland, with plans to extend this service to the EU and EEA soon.
The feature will allow institutions to deposit and withdraw USD, trade USD-to-crypto pairs, and eliminate the need to convert currencies.
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South Korea’s Financial Services Commission plans to issue crypto investment guidelines for institutions by Q3 2025, gradually lifting the ban on institutional crypto investment.
The country is also developing its second crypto regulatory framework, focusing on stablecoins.
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The U.S. House of Representatives voted 292-132 in favor of repealing the so-called IRS DeFi broker rule, which aimed to expand IRS reporting requirements to crypto.
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The Bybit hack has prompted the EU to launch an investigation into OKX.
Regulators are now examining whether MiCA applies to Web3 platforms and, if so, what potential sanctions should be imposed on OKX.
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Texas introduced House Bill 4258, which authorizes the state Comptroller to invest up to $250m in Bitcoin or other cryptocurrencies and allows municipalities to invest up to $10m.
This is distinct from Senate Bill 21 (SB 21), which aims to establish a Texas Strategic Bitcoin Reserve.
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The Cayman Islands will require crypto custody and trading firms to obtain a license under new regulations set to take effect on April 1, 2025.
Existing firms must submit applications by June 29, detailing asset security measures and operational specifics.
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El Salvador has signed its second crypto regulatory agreement with Paraguay, following a similar deal with Argentina three months ago.
The collaboration aims to detect and control unlicensed crypto operations in Paraguay while strengthening anti-money laundering (AML) measures.
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Thailand’s regulator recognizes Tether’s USDT as an approved cryptocurrency, allowing it to be legally traded in the Thai market and potentially used for payments. The regulation is set to take effect on March 16, 2025.
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European Central Bank (ECB) President Christine Lagarde stated that the EU is aiming to launch the digital euro CBDC by October 2025, pending legislative approval.
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Kraken is preparing for a public listing as early as Q1 2026. The crypto exchange is reportedly working on the necessary steps to go public, signaling growing institutional interest in the sector.
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Gemini, the crypto exchange founded by the Winklevoss twins, has confidentially filed for an IPO and is working with Goldman Sachs and Citigroup to facilitate the listing. The company is aiming to go public as early as this year.
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Latest updates on the U.S. BTC reserve:
⚫ David Sacks: The U.S. holds approximately 200,000 BTC, creating a "digital Fort Knox." Donald Trump has delivered on his promise
⚫ Coinbase CEO: Expects many G20 nations to take note and follow America’s lead on BTC reserves
⚫ Solana co-founder: The BTC reserve order removes regulatory uncertainty, but stablecoin legislation, banking guidelines for crypto deposits/withdrawals, and clear SEC/CFTC rules for token issuance and DeFi are still needed
⚫ Bitwise CIO: The BTC reserve order is highly bullish for Bitcoin long term
⚫ Head of Research: The current accessible government balance is 88,000 BTC, with 112,000 BTC set to be returned to Bitfinex
⚫ 10xResearch: Trump’s BTC reserve order falls short of market expectations—there’s no clear size guidance yet, though additional measures may follow
⚫ Conor Grogan (Coinbase): The BTC reserve order will reduce sell pressure by $18bn+
⚫ Sygnum Bank: The U.S. BTC reserve could boost Bitcoin’s market cap by $460bn
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Rumble, the video-sharing platform listed on Nasdaq, revealed it has acquired 188 BTC for $17.1m, purchasing at an average price of $91,000 per Bitcoin.
The company aims to implement a Bitcoin treasury strategy, with plans to invest up to $20m of its cash reserves in Bitcoin. Additionally, Tether made a $775m investment in Rumble at the end of last year.
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Binance has officially confirmed that Abu Dhabi’s MGX has made its first institutional investment in the exchange.
The $2bn investment marks the largest ever in a cryptocurrency company and is also the biggest payment made in cryptocurrency to date.
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The European Union will impose counter-tariffs on $28bn worth of U.S. goods next month (April 2025) but maintains that it is still open to negotiations.
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The U.S. announced the inflation figures:
⚫ CPI: 2.8% YoY, 0.2% MoM
⚫ Forecasted CPI: 2.9% YoY, 0.3% MoM
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The SEC delayed approval for the following ETFs:
⚫ Grayscale Dogecoin ETF
⚫ Grayscale XRP ETF
⚫ Canary Litecoin ETF
⚫ VanEck Solana ETF
⚫ Canary Solana ETF
⚫ Canary XRP ETF
⚫ Bitwise Solana ETF
⚫ Grayscale Solana ETF
⚫ Coinshares Litecoin ETF
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Donald Trump stated that the U.S. will double tariffs on Canadian steel and aluminum to 50% and will impose a 25% tariff on electricity imported from Ontario, Canada, starting March 12.
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Coinbase has secured registration with India's Financial Intelligence Unit (FIU), paving the way for its return to the Indian market after suspending operations in 2022 due to regulatory pressure.
The exchange plans to reintroduce trading services, starting with retail services later this year, and aims to expand its product offerings in India.
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The Russia-backed hacking group "Dark Storm" has claimed responsibility for the DDoS attack that caused X's (Twitter) recent outage.
Elon Musk confirmed that the cyberattack occurred on March 10, originating from IP addresses in Ukraine.
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The U.S. SEC has dropped a proposal introduced under former Chair Gary Gensler that would have required crypto firms to register as "trading systems."
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X (Twitter) is down due to a major outage, with users worldwide reporting issues accessing the platform.
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Strategy (formerly MicroStrategy) plans to issue up to $21bn in Series A Perpetual Preferred Stock to fund general corporate purposes, including potential Bitcoin acquisitions.
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Spain's second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has received regulatory approval in Spain to offer BTC and ETH trading, as the Markets in Crypto-Assets (MiCA) regulation takes full effect across the EU.
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At the White House crypto summit, Donald Trump reaffirmed his commitment to making the U.S. the global leader in digital assets and advocated for stablecoin legislation before Congress’s August recess.
The event featured mostly formal remarks, highlighting the administration’s support for the industry and its accomplishments.
However, the crypto community largely reacted with dissatisfaction, criticizing the summit for lacking substantive discussion and concrete policies.
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Over $590m was liquidated in the past 24 , including over $520m in long positions, as Bitcoin declined from over $86,000 to just around $80,000.
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✔ This week's crypto market highlights:
⚫Binance to delist non-MiCA stablecoins in Europe
⚫SEC agrees to dismiss Kraken lawsuit
⚫Trump halts U.S. military aid to Ukraine
⚫China sets 5% growth target for 2025
⚫Tether freezes $27m USDT on Garantex
⚫Trump establishes Strategic Crypto Reserve
⚫Nasdaq to launch 24/5 trading in 2026
⚫Telegram launches paid messages
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