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 U.S. SEC has terminated its investigation into a web3 gaming firm Immutable, finding no violations and deciding to take no further action.
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eToro has filed for an initial public offering (IPO) on Nasdaq, aiming to raise up to $400m at a valuation of around $4.5bn.
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Kentucky has enacted House Bill 701 (HB 701), which guarantees individuals the right to hold and manage their cryptocurrencies in self-hosted wallets.
The law also prohibits local governments from imposing discriminatory laws on crypto mining operations and exempts blockchain node operations and staking activities from money transmitter regulations.
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Binance Wallet revealed an insider trading case involving one of its employees, who used information from his former position at BNB Chain to profit from tokens before their official release.
Binance is cooperating with law enforcement and will assist with legal proceedings.
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Kraken is reportedly working with Goldman Sachs and JPMorgan on a potential $1bn debt raise to fund its expansion plans.
The exchange is also considering an equity round as it prepares for a possible IPO as early as Q1 2025, taking advantage of the improving U.S. regulatory landscape.
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President Trump announced that any country buying oil or gas from Venezuela will face a 25% tariff on all goods exported to the U.S., effective April 2.
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Strategy (formerly MicroStrategy) acquired 6,911 Bitcoins between March 17 and March 23, at an average price of $84,529, totaling $584.10m.
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Despite a court ruling that led to Tornado Cash being removed from the OFAC sanctions list, the U.S. Treasury has filed another lawsuit, arguing that the case isn't moot under the voluntary cessation doctrine. The Treasury claims there's no guarantee the challenged action won’t recur.
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In 2024, the number of cryptocurrency investors in South Korea surged by over 50%, reaching 9.66m—nearly 20% of the population. Notably, one in four investors is over the age of 50.
Additionally, around half of high-net-worth investors holding more than 1bn KRW ($682k) in cryptocurrency are aged 50 or older.
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Coinbase is reportedly in advanced talks to buy crypto derivatives exchange Deribit.
Deribit's valuation is estimated to be in the range of $4-5bn.
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Tornado Cash wallet addresses have been removed from the OFAC sanctions list.
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Strategy (formerly MicroStrategy) plans to raise an additional $722.5m to purchase more BTC.
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The UAE’s National Security Advisor met with David Sacks, the White House’s so-called "crypto czar," to discuss the impact of AI across sectors, the growing role of crypto in reshaping financial systems, and emerging investment opportunities at their intersection.
The advisor also heads the MGX fund, which recently invested $2bn in Binance.
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Tron is now available on the Solana blockchain.
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Tether has become the seventh-largest holder of U.S. Treasury securities in 2024, surpassing countries like Canada, Mexico, and Germany with $33.1bn in holdings.
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Ripple has agreed to drop its appeal against the SEC and pay $50m of the originally ordered $125m fine.
Additionally, the SEC will request that Judge Torres lift the "obey the law" injunction imposed on Ripple.
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BlackRock is launching a Bitcoin exchange-traded product (ETP) in Europe, following the success of its $48bn U.S. fund tracking the cryptocurrency.
The iShares Bitcoin ETP will be listed on Xetra, Euronext Paris under the ticker IB1T, and Euronext Amsterdam under BTCN.
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Stablecoin supply on Ethereum has surged to a new all-time high of $132.4bn, marking a strong recovery after falling over 37% in 2024 from its previous peak of more than $120bn in 2022.
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Circle has become the first global dollar stablecoin issuer to receive regulatory approval in Japan. Circle's USDC is set to launch on SBI VC Trade on March 26, 2025.
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A new stablecoin World Liberty Financial USD (USD1) has launched on BNB Chain, reportedly linked to the Trump family fund.
While no official confirmation has been issued by the Trump family, the market maker Wintermute’s address has interacted with the contract, and some test transfers have been recorded.
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Sam Altman’s World Network and Visa are negotiating the creation of a stablecoin payments wallet.
The goal is to upgrade the World Wallet to a "mini bank account" and to provide the ability to deposit / withdraw fiat and pay for goods / services with stablecoins in stores that support Visa.
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✔ This week's crypto market highlights:
⚫ North Korea is now third-largest Bitcoin holder
⚫ CME Group launches Solana futures trading
⚫ Paul Atkins confirmed as SEC Chairman March 27
⚫ SEC officially drops Ripple lawsuit
⚫ Telegram surpasses 1bn monthly active users
⚫ Gotbit founder to forfeit $23m in plea deal
⚫ Tron goes live on Solana
⚫ Tether in talks for audit with big4
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The IMF has updated its Balance of Payments Manual (BPM7) to include digital assets, classifying cryptocurrencies like Bitcoin as non-produced nonfinancial assets, while tokens with corresponding liabilities, such as stablecoins, are considered financial instruments.
The new framework categorizes Bitcoin and similar assets as capital assets in the capital account, while tokens like Ethereum and Solana are treated as equity-like holdings in the financial account.
The IMF also acknowledges staking rewards and validation services as income, reflecting the growing economic impact of digital assets and adding visibility to related services in macroeconomic statistics.
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Tether CEO, Paolo Ardoino, is in talks with one of the largest auditing firms (PwC, Ernst & Young, Deloitte, or KPMG) to conduct a reserve audit dating back to 2017.
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The German Federal Financial Supervisory Authority (BaFin) has found serious flaws in Ethena GmbH's approval process for its USDe tokens. As a result, BaFin has ordered immediate enforcement measures to prevent the company from offering USDe tokens to the public. The company has also been instructed to have its custodian freeze the corresponding asset reserves.
In response, Ethena Labs stated that the decision will not disrupt current USDe listings, nor the minting and redemption process via Ethena (BVI) Limited, which services the majority of their mint users. The company assured that USDe remains fully backed, and no assets have been "frozen," and all remain available for redemption. Ethena Labs also mentioned that they will revise their Terms in the coming week.
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TON has officially denied claims that it "raised" $400m.
Instead, the Foundation clarified that more than $400m worth of Toncoin is held by some of the most well known VCs.
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The total value locked (TVL) in real-world assets (RWAs) has exceeded $10bn for the first time, signaling growing adoption of tokenized off-chain assets.
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South Korea’s Financial Intelligence Unit (FIU), under the Financial Services Commission (FSC), has taken enforcement action against overseas crypto exchanges operating locally without a license.
The FIU is considering blocking website access to platforms including BitMEX, KuCoin, CoinW, Bitunix, and KCEX.
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Chinese state media warned that U.S. dollar stablecoins could reinforce dollar hegemony by linking global credit to virtual economies, and urged China to promote its own stablecoins to boost the CNY's international status.
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The SEC has issued a statement clarifying that mining and mining pool activities under the Proof-of-Work (PoW) mechanism do not constitute securities offerings. The agency stated that Protocol Mining on PoW networks involves only the contribution of computational resources, rather than reliance on the entrepreneurial or managerial efforts of others. As a result, PoW mining does not meet the Howey Test definition of an investment contract and falls outside the scope of securities regulation.
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