Quick Summary: Euro-denominated stablecoins now represent over 80% of the non-US dollar stablecoin market, which has reached $1.2 billion in total supply. Euro-denominated stablecoins account for more than 80% of the non-US dollar stablecoin market, which has grown to approximately $1.2 billion in total supply, according to a report commissioned by Visa and compiled by analytics platform Dune. Euro stablecoins also represent 85% of transfer volume within that segment. Circle’s EURC has emerged as the leading euro token in the space, with its total supply surpassing $506 million as of February 27. Both Visa and Mastercard have separately expanded settlement…
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Quick Summary: Citi says proposed stablecoin reward restrictions may reduce USDC supply short term but will not affect Circle’s core revenue streams. Citi has weighed in on concerns surrounding proposed restrictions on stablecoin rewards, concluding that while such limits could temporarily reduce the circulation of USDC, they are unlikely to damage the core revenue of Circle, the stablecoin’s issuer. The bank’s assessment comes amid broader market uncertainty over how incoming legislation could reshape the stablecoin sector. Analysts emphasized that the short-term supply impact should not be conflated with a structural threat to Circle’s business model.Central to Citi’s argument is the…
Quick Summary: MARA Holdings sold over 15,000 Bitcoin in March to repurchase roughly $1 billion in convertible notes at a near 9% discount, reducing its debt load. MARA Holdings, the largest publicly listed Bitcoin miner in the United States, sold more than $1.1 billion worth of Bitcoin during March to fund the repurchase of a significant portion of its convertible debt. The company disclosed the transactions in a filing with the US Securities and Exchange Commission on Thursday. The move is designed to reduce financial leverage and improve balance sheet flexibility.Between March 4 and March 25, MARA sold 15,133 BTC…
Quick Summary: Bhutan’s government now holds 4,453 BTC after offloading over 66% of its peak holdings since late 2024, with year-to-date outflows exceeding $150 million. The Royal Government of Bhutan transferred an additional 519.707 BTC valued at approximately $36.75 million to external addresses on Wednesday, continuing a sustained drawdown of its sovereign Bitcoin reserves. On-chain data shows the country’s holdings have fallen to 4,453 BTC, worth around $315 million, compared to nearly 13,000 BTC at their peak in late 2024. That represents a decline of roughly 66% over the period. Total outflows so far this year have surpassed $150 million.The…
Quick Summary: A federal regulatory review clears the way for a Labor Department proposal that could open 401(k) retirement plans to digital assets and other alternative investments. The White House Office of Information and Regulatory Affairs (OIRA) has completed its review of a Department of Labor (DOL) proposal that could significantly alter how 401(k) fiduciaries assess alternative assets, including those with digital-asset exposure. The review concluded on March 24, with the action recorded as “consistent with change” and the proposal designated as “economically significant.” The DOL is now expected to release the proposed rule for a standard 60-day public comment…
Quick Summary: President Trump announces 13 members of his science advisory council, including Jensen Huang, Mark Zuckerberg, and Coinbase co-founder Fred Ehrsam. President Trump announced the first 13 members of his President’s Council of Advisors on Science and Technology on Wednesday, assembling a roster of some of the most prominent figures in the technology industry. The council includes Jensen Huang, Mark Zuckerberg, Sergey Brin, Larry Ellison, Lisa Su, Michael Dell, and Safra Catz. It will be co-chaired by David Sacks, Trump’s AI and crypto adviser, and former U.S. Chief Technology Officer Michael Kratsios.The cryptocurrency sector secured direct representation through Coinbase…
Quick Summary: Stand With Crypto has endorsed six U.S. congressional candidates in competitive states and released a poll showing crypto holders are motivated to vote. Stand With Crypto, a cryptocurrency advocacy group, has announced endorsements for six U.S. congressional candidates in states expected to see closely contested races during the November midterm elections. The organization is directing its support toward candidates who back digital asset policies. The move signals a growing effort by the crypto industry to shape the composition of Congress.The endorsed candidates are running in states anticipated to be among the most competitive in the upcoming midterms. Stand…
Quick Summary: MARA Holdings repurchased roughly $1 billion in convertible notes at a 9% discount, capturing about $88 million in value by selling over 15,000 bitcoin. MARA Holdings has repurchased approximately $1.0 billion worth of convertible notes at a discount of around 9%, according to the company. The transaction allowed the firm to capture roughly $88 million in value. The move signals an active effort by the company to manage its debt obligations strategically.The repurchase was funded through the sale of 15,133 bitcoin, with the proceeds directed toward completing the transaction. Any remaining funds from the sale are expected to…
Quick Summary: Fannie Mae will for the first time accept cryptocurrency-backed mortgages through a partnership between Coinbase and Better Home & Finance. Fannie Mae is set to accept cryptocurrency-backed mortgages for the first time, marking a significant shift in how digital assets can be used in home financing. The move comes through a partnership between crypto exchange Coinbase and mortgage firm Better Home & Finance. The arrangement allows prospective home buyers to use Bitcoin or the USDC stablecoin as collateral for down payments. The program was first reported by the Wall Street Journal.Under the structure, borrowers transfer their digital assets…
Quick Summary: Stand With Crypto names Ohio’s 9th and Pennsylvania’s 10th Congressional Districts as top priorities for its 2026 midterm get-out-the-vote campaign. Stand With Crypto (SWC), the advocacy organization founded by cryptocurrency exchange Coinbase, has announced its electoral strategy for the 2026 US midterm elections, identifying six key battleground states and singling out two congressional districts as top priorities. The group says its efforts will focus on races in Iowa, Nevada, New York, North Carolina, Ohio, and Pennsylvania, where it believes crypto-minded voters could prove decisive. The announcement was made on a Thursday in a formal statement from the organization.SWC…
