Cryptocurrency exchange Binance has removed spot trading pairs involving Tether’s USDT and other non-compliant tokens in the European Economic Area (EEA), in a move to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The decision follows an earlier announcement from Binance outlining plans to delist non-MiCA-compliant assets by March 31, 2025. While EEA...
A recent survey by crypto investment platform Bitpanda reveals a significant disconnect between European financial institutions and investor demand for digital assets. Despite over 40% of business investors already holding cryptocurrencies—and another 18% planning to invest soon—only 19% of surveyed institutions report seeing strong client demand for crypto services. The survey, which included 10,000 retail...
In a landmark move bridging traditional banking and blockchain technology, Vantage Bank and Custodia Bank have jointly launched Avit—the first U.S. bank-backed stablecoin built on the Ethereum network. Announced on March 25, Avit operates as an ERC-20 token and is fully backed 1:1 by U.S. dollars, marking a significant step toward regulatory-compliant digital asset integration...
Crypto-friendly trading platform eToro has filed for an initial public offering (IPO) in the United States, aiming to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “ETOR.” The company announced on March 24 that it submitted a Form F-1 registration statement with the U.S. Securities and Exchange...
Cryptocurrency exchange-traded products (ETPs) have logged 17 consecutive days of outflows, the longest negative streak since CoinShares began tracking in 2015. The persistent withdrawals reflect growing investor caution, with $1.7 billion pulled from the market in the past week alone. According to CoinShares’ March 17 report, the five-week cumulative outflow now stands at $6.4 billion....
Elon Musk has sparked new debate over government spending practices, claiming that multiple U.S. federal departments are using what he calls “magic money computers” capable of issuing payments “out of thin air.” Speaking on the March 17 episode of Senator Ted Cruz’s podcast *Verdict*, Musk said at least 14 such systems exist across departments including...
Aleksei Andriunin, founder and CEO of the Gotbit market-making platform, has agreed to forfeit approximately $23 million in Tether (USDT) and USD Coin (USDC) as part of a plea agreement with U.S. federal prosecutors in Massachusetts. The Russian national will plead guilty to three counts of conspiracy to commit wire fraud and market manipulation, according...
Australia’s Labor-led government has unveiled plans to regulate cryptocurrency exchanges and custody services under existing financial services laws, part of a broader effort to formalize the country’s digital asset landscape. The proposal, released by the Treasury Department on March 21, aims to extend financial compliance standards to major crypto platforms while offering exemptions for smaller...
The U.S. Treasury Department has argued that the lawsuit challenging its sanctions on crypto mixer Tornado Cash should be dismissed as moot following the protocol’s removal from the sanctions list on March 21. The department maintains that no final court judgment is necessary now that Tornado Cash and several related smart contracts have been delisted...
Since the start of 2025, Bitcoin’s price has dropped by approximately 25%. Despite this downturn, 95% of U.S.-based spot Bitcoin ETF investors are holding their positions, signaling long-term confidence in the market. Bloomberg data shows that while investors face market pressures, they prefer to retain their ETF assets rather than sell, keeping total managed assets...
