News & Research

The perspective of financial institutions on stablecoin adoption is gradually being reshaped, Circle (CRCL) said on X. The company noted that recent discussions with senior banking officials in New York revealed that these institutions now view stablecoins as a core infrastructure strategy rather than a simple technological experiment. Circle added that the regulatory environment is shaping the direction of adoption rather than delaying it, and a trend is emerging where 24-hour payment systems are increasingly integrating with traditional financial infrastructure. Furthermore, the use of tokenized money is moving from the pilot phase to operational planning, with stablecoins being accepted as practical payment rails. Circle concluded that this movement is part of the process of building a new internet-based financial system and will influence the strategic competitive landscape among financial institutions.

The U.S. state of North Carolina has introduced a bill to hold Bitcoin as a strategic reserve, according to Bitcoin Magazine's X account. The bill passed its first reading on March 19.

Investment bank Cantor Fitzgerald is among the firms that have submitted proposals for a potential initial public offering (IPO) by crypto prime brokerage FalconX, CoinDesk reported, citing sources. FalconX had previously announced its intention to pursue an IPO last year. While no bank has been officially selected, the company has reportedly held preliminary discussions with potential advisors. Last year, Cantor Fitzgerald partnered with FalconX and Maple Finance to launch a $2 billion Bitcoin-backed lending program. The report suggests that if Cantor is chosen to lead the IPO, it would likely be due to this existing partnership.

The World Gold Council (WGC) has announced a framework to standardize tokenized gold. According to Decrypt, the WGC identified the management of gold reserves as a major barrier to entry for issuers of gold-backed tokens and has established a concept called "Gold as a Service." This platform is designed to allow companies issuing gold-linked tokens to use a shared network for managing physical gold reserves. The goal is to enhance trust in tokenized gold through features like continuous audits and to ensure a certain level of fungibility between different products. The media noted that until now, the tokenized gold market has been primarily shaped by cryptocurrency companies that have built their own custody systems and issuance pipelines. The WGC currently has 29 member companies.

Bryan Tan, a trader at crypto market maker Wintermute, said that with public opinion swaying on every headline about the U.S.-Iran war and a high correlation between oil prices and asset markets, the best option is to maintain the status quo and wait. In an interview with CoinDesk, he added that it is better to preserve investment capacity until there is a basis for conviction in either direction or a significant change in market conditions.

The UK is set to strike crypto exchange Zedxion from its corporate register over allegations it helped Iran evade sanctions, Decrypt reported. The UK's Companies House stated that Zedxion is in the process of being dissolved for submitting false and misleading documents during its incorporation. Both Zedxion and another UK-registered crypto exchange, Zedcex, were previously sanctioned by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).

Bitcoin could see increased price volatility today, which is Quadruple Witching Day, CoinDesk reports. The event, which occurs on the third Friday of March, June, September, and December, marks the expiration of four major types of U.S. stock market derivatives. CoinDesk noted that in March 2025, approximately $4.7 trillion in derivatives expired, pushing S&P 500 trading volume to a yearly high, with above-average volume also observed on other Quadruple Witching Days. The outlet explained that while this is a traditional finance event, its effects can spill over into the cryptocurrency market. Historically, Bitcoin has tended to be subdued on Quadruple Witching Day itself, but a consistent bearish pattern has often emerged in the subsequent days and weeks, warranting caution about potential market turbulence.

Major League Baseball (MLB) has entered into agreements with the Commodity Futures Trading Commission (CFTC) and Polymarket regarding prediction markets. According to CoinDesk, MLB signed a memorandum of understanding (MOU) with the CFTC to share information aimed at enhancing consumer protection. Simultaneously, it secured an exclusive prediction market partnership with Polymarket. This marks the first-ever agreement between a U.S. derivatives regulator and a professional sports organization. CFTC Commissioner Michael Selig said the MOU will help the agency protect markets and users from fraud, manipulation, and other abuses, describing it as a measure to promote the integrity and stability of professional baseball prediction markets.

Evernorth Holdings, an investment firm focused on Ripple (XRP), has disclosed a valuation loss of $233.7 million for 2025 due to a decline in the asset's price. The company reported holding 473.1 million XRP as of Dec. 31, 2025. A significant portion of these holdings was acquired through open market purchases and contributions to the Ripple ecosystem.

BlackRock deposited 930 BTC ($65.48 million) and 12,687 ETH ($27.75 million) to Coinbase Prime, according to Onchain Lens. Coinbase Prime is a prime brokerage platform that handles large-scale transactions and custody for institutional investors.