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FDIC Chairman Travis Hill stated that under the implementation rules of the GENIUS Act, stablecoin holders will not be eligible for any form of deposit insurance, including pass-through deposit insurance applied for by financial institutions on behalf of customers. FDIC is also evaluating the regulatory classification of tokenized deposits, considering them to be bank deposits and subject to the same regulatory and deposit insurance framework. (CoinDesk)
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DCG subsidiary Foundry announced plans to launch a Zcash mining pool for institutions and publicly listed companies in April 2026. The pool will offer compliance features, reporting tools, and support for operations within the United States, aiming to reduce the centralization of Zcash network hash power and improve its institutional mining infrastructure. Foundry currently operates the world's largest Bitcoin mining pool, Foundry USA Pool. (The Block)
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BTC-0.99%
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European crypto exchange Bitpanda reports adjusted revenue of $430 million (371 million euros) for fiscal year 2025, a 16% year-over-year increase; registered users grew 25% to 7.4 million. Due to strategic investments in product development, regulatory compliance, and international expansion, the company's adjusted EBITDA was $15.1 million, down from $60.2 million in 2024. On the regulatory front, Bitpanda has obtained the EU MiCA license as well as crypto licenses in the UK and UAE. (The Block)
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Wu said that Strive announced it has allocated $50 million to Strategy's floating rate Series A perpetual expansion preferred stock (STRC), which accounts for more than one-third of its company's treasury total. Strategy disclosed that the recent daily trading volume of STRC reached $409 million, setting a new record; it has previously been adopted by institutions such as Anchorage Digital, Prevalon Energy, and OranjeBTC. As of March 9, Strive held approximately 13,311 bitcoins, with assets under management exceeding $2.5 billion.
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Crypto-friendly fintech company Revolut announced on March 11 that it has received approval from the UK Prudential Regulation Authority (PRA) to officially launch its authorized bank, Revolut Bank UK Ltd, and is permitted to offer deposit accounts protected by the Financial Services Compensation Scheme (FSCS) for 13 million UK users (up to £85,000). Revolut disclosed that in the coming days, it will roll out current accounts in phases, with existing users gradually completing the migration over the next few months. The company emphasized that its cryptocurrency trading business will continue t
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Anchorage Digital, a crypto bank licensed by the U.S. federal government, announced a strategic investment in security infrastructure company Immunefi and the purchase of its native token IMU. Under the agreement, Immunefi will provide security services for Anchorage's self-custody wallet Porto to support institutional users' participation in DeFi protocols and on-chain investments. (The Block)
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India's CBI arrests Darwin Labs Chief Technology Officer over $790 million GainBitcoin scam
India's Central Bureau of Investigation has arrested Darwin Labs co-founder Ayush Varshney for his alleged involvement in the GainBitcoin cryptocurrency scam worth approximately $790 million. The case involves 8,000 investors who were attracted through false promises. The mastermind Amit Bhardwaj passed away in 2022.
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Wu's Daily Selected Crypto News - U.S. February Annual Inflation Rate Remains at 2.4%, in Line with Expectations; Core Inflation Rate Steady at 2.5%
The U.S. February annual inflation rate remains at 2.4%, in line with expectations, with core inflation at 2.5%. Additionally, senators are seeking a compromise on stablecoin yields to push forward relevant legislation. Arthur Hayes believes that money printing is bullish for Bitcoin and expects the price to exceed $100,000 in the future. Lawyer Chen Zhi has requested the revocation of the U.S. seizure of his Bitcoin. The market has entered a "stagflation" pricing mode, with BTC being heavily accumulated in the $60,000 to $70,000 range.
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DeFiLlama: Mantle TVL retraced from a high of $1 billion to just above $700 million within two days
Wu says that according to DeFiLlama data, since mid-February, Mantle's TVL has experienced significant fluctuations, soaring from 255 million USD in mid-February to over 1 billion USD on March 9th. However, in the past 2 days, its TVL has dropped sharply to just above 700 million USD. The main reasons may be related to the launch of Aave v3 on Mantle in early February and GHO incentives, which attracted some DeFi farmers to mine on the Mantle chain.
MNT-0.85%
AAVE-2.03%
GHO-0.42%
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YZi Labs discloses BNC being sued by investors, accusing it of being in a "operational vacuum" and lacking core functions
Investor Abraham Gomez filed a lawsuit against CEA Industries and Director Hans Thomas, accusing the company of lacking key management team and operational resources, and requesting the abolition of the asset management agreement. BNC, after a 21-month vacancy in the CFO position, has appointed Brent Miller as the new CFO.
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In February 2026, the U.S. annual inflation rate remained at 2.4%, unchanged from January, in line with expectations, and staying at the lowest level since May 2025. Energy prices increased by 0.5%, and food prices rose by 3.1%. On a monthly basis, the Consumer Price Index (CPI) increased by 0.3%, slightly higher than January's 0.2%, in line with expectations. Housing prices rose by 0.2%, contributing the most to inflation. Meanwhile, the core inflation rate, which excludes food and energy prices, remained at 2.5%, unchanged from January, close to the lowest level since 2021. On a monthly basi
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Wells Fargo submitted a trademark application for "WFUSD" to the United States Patent and Trademark Office (USPTO) on March 9, covering digital asset software, cryptocurrency exchange services, stablecoins and digital asset transaction processing software, as well as tokenization platforms. The application involves International Classes 009 (digital asset trading, payment, and wallet software), 036 (cryptocurrency trading and exchange services, electronic financial information provision), and 042 (asset tokenization SaaS and blockchain trading and payment infrastructure). The current status of
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Wu says that according to @defioasis data, out of more than 2.3 million trading addresses on a certain prediction market, 95 addresses have achieved over $1 million in PnL, with a success rate of 0.04%. Among them, 3 addresses have a PnL exceeding $10 million; if the PnL exceeds $115,000, they can rank in the Top 1000.
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Wu says that, according to CryptoQuant analysts, BTC may be entering the most frustrating phase of its cycle. Price action is often dominated by short-term fluctuations, while the broader market remains sideways, creating a psychologically exhausting environment for participants. This often leads investors to lose interest, reduce their exposure, or simply exit the market. Additionally, the long-term holder SOPR is beginning to show signs that long-term investors are also experiencing losses.
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