The U.S. Securities and Exchange Commission (SEC) has moved to dismiss its lawsuit against Cumberland DRW, a Chicago-based trading firm, over allegations of operating as an unregistered dealer in the crypto asset market.  The dismissal, agreed upon in principle on February 20, 2025, is currently pending Commission approval. "Today we signed a joint filing to…

Sygnum, a regulated digital asset banking group, has expanded its off-exchange custody platform, Sygnum Protect, to include Deribit, the world’s largest crypto derivatives exchange.  Notably, the integration allows institutional traders to access Deribit’s liquidity while maintaining custody of their assets in a regulated banking environment. The move, announced on March 5, aims to mitigate counterparty…

The White House backs a CRA resolution to repeal the IRS DeFi broker rule, citing concerns over innovation and compliance burdens.

El Salvador pauses public sector Bitcoin acquisitions under the IMF agreement while continuing BTC purchases and improving transparency.

Australia rejects creating a strategic crypto reserve, unlike the U.S., amid market reactions and expert concerns over volatility and risks.

Plume, a blockchain network specializing in real-world asset finance (RWAfi), has announced the launch of its PayFi Vault, powered by PayPal USD (PYUSD). The PayFi Vault will be available on Nest, Plume’s flagship yield streaming product, bringing onchain payment financing solutions to a global audience. The vault will initially be backed by PYUSD, a stablecoin…

Binance has introduced the Binance Traders Boot Camp, a multi-week trading event designed to help beginner and intermediate traders enhance their skills, gain confidence, and compete for rewards. The program, running from March 4 to 31, 2025, offers a total reward pool of $1 million. Binance designed the Boot Camp in response to increasing user…

Bybit hackers have completed the laundering of 499,000 ETH lifted from the exchange, in the biggest hack in crypto history.  The entire laundering process took 10 days and directly led to the Ethereum Price dropping by 23% ($2,780 to $2,130)  THORChain, the main channel used by hackers to launder the money, racked up $5.9 billion…

Samson Mow, Farcaster Founder and Top Voice in the Industry, warned that Donald Trump’s choice of Altcoins for the proposed crypto reserve could lead to chaos and serious Market Manipulation.  The crypto founder believes the emphasis should be on tokens with proof-of-work such as Bitcoin and Litecoin.  He said The Choice of XRP, Solana, Cardano,…

The nine spot, Ethereum ETFs, recorded a net outflow of $12.1 million, reflecting a cautious stance among investors and a persistent drop in Investor activity for Ether ETFS. This marked a slowdown from the previous week’s heavier outflows, which exceeded $293 million  Ethereum’s price hovered around $2,092, down from recent highs, aligning with the general…