Crypto Companies Urge US to Clarify Definition of “Funder”
34 leading crypto companies and foundations, including Coinbase, Kraken and Uniswap Labs, sent a joint letter to the US Congress. The companies emphasized that the definition of “fund transferor” in Section 1960 of the Criminal Code poses legal risks for software developers. The accusation of Tornado Cash founder Roman Storm of violating this law has sparked outrage in the industry and accelerated demands for new regulation.
GameStop Plans to Raise $1.3 Billion to Buy Bitcoin
GameStop announced that it aims to raise $1.3 billion through convertible bonds due 2030. Some of the proceeds will be used to purchase Bitcoin in line with the company’s investment policy. The move follows GameStop’s decision to adopt Bitcoin as a reserve asset.
US Senate Approves Repeal of Controversial Crypto Tax Rules
The US Senate passed a bill to repeal crypto taxation regulations by 70 votes to 28. The bill corresponds to the notification requirement imposed by the IRS on DeFi platforms and will now be submitted for President Trump’s signature. The law is considered an important step in protecting privacy and innovation in the DeFi space.
Vitalik Buterin Sends 250 ETH to Privacy Protocol RAILGUN
Ethereum co-founder Vitalik Buterin transferred 250 ETH to the RAILGUN protocol in the morning. RAILGUN enables users to anonymously manage their assets by ensuring privacy in on-chain transactions. Vitalik is known to have previously used these funds for charitable purposes.
Tether Acquires 30% Stake in Italian Media Company Be Water
Stablecoin giant Tether has acquired 30% of Italian media company Be Water for €10 million. Be Water includes media production companies Chora Media, Will Media and Be Water Film. This investment is part of Tether’s strategic expansion into media and communications.
Musk’s Artificial Intelligence App Grok Now Available on Telegram
Grok, the artificial intelligence product of the xAI company founded by Elon Musk, can now be used in the Telegram application. The integration of Grok has given Telegram, which has more than 1 billion monthly users, a huge advantage. Premium users will not need to pay extra for Grok.
Tether Freezes $9 Million in Funds Related to Bybit Attack
Tether, in cooperation with global law enforcement, announced that it has frozen $9 million in funds linked to the Bybit attack. CEO Paolo Ardoino stated that this move is an important step towards increasing the security of the stablecoin infrastructure. Tether emphasized the importance of transparency and cooperation in the fight against financial crime.
Bernstein Strategy’s Bitcoin Assets Could Reach 1 Million
According to Bernstein analysis, Strategy could double its Bitcoin reserve to 1 million if it maintains its current growth rate. The company’s share target has been raised to $600 and is said to be outperforming the market. Analysts predict that the Bitcoin price could also reach cyclical peaks in the range of $200,000 to $1 million in the coming years.
Bitcoin Spot ETFs See Net Inflows for the 9th Consecutive Day
On March 26, Bitcoin spot ETFs recorded a total net inflow of $89.5 million. BlackRock’s IBIT fund topped the list with inflows of $39.9 million. The total asset value of ETFs reached $97.2 billion, accounting for 5.6% of BTC’s market capitalization.
Ethereum Spot ETFs Outflows of $5.89 Million
On the same day, outflows from Ethereum spot ETFs totaled $5.89 million, with no ETF recording a net inflow. The largest outflow was from the Grayscale ETH fund ($4.89 million), followed by Fidelity’s FETH ($996,000). The total asset value of ETH ETFs fell to $6.84 billion, accounting for 2.82% of Ethereum’s market capitalization.
by Darkex Research – 1 min read
