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• Mar 27, 12:52 AM The Block

  Senate repeals controversial IRS crypto rule, President Trump expected to sign

  The US Senate voted to repeal an IRS rule mandating decentralized finance industry participants to operate like traditional securities brokers, which required them to collect and report user trading data and issue tax forms. President Donald Trump is anticipated to approve this measure, overturning a rule that was introduced in the final days of the previous administration. The decision was supported by a bipartisan majority and reflected concerns over privacy and the excess regulatory burden on US innovation in the crypto sector.

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• Mar 26, 8:57 PM The Block

  GameStop plans $1.3 billion note offering to acquire Bitcoin as a treasury asset

  GameStop announced a $1.3 billion private offering of convertible senior notes to fund its new Bitcoin acquisition plan, starting with these notes due in 2030 and targeting large institutional investors. This move aims to include Bitcoin as a treasury reserve asset, aligning with its updated investment policy announced along with its fourth-quarter earnings, where GameStop reported a net income of $131.3 million and $4.75 billion in cash. This initiative follows the closure of its NFT marketplace and reflects a significant pivot towards integrating Bitcoin into its treasury operations.

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• Mar 26, 9:31 AM Cointelegraph

  Fidelity plans to launch US dollar-pegged stablecoin

  Fidelity Investments is preparing to launch a US dollar-pegged stablecoin and an Ethereum-based share class for its US dollar money market fund, expanding its offering in the crypto market. This move is part of a broader initiative under a crypto-friendly regulatory environment anticipated by the current US administration. Fidelity's stablecoin will be launched through Fidelity Digital Assets, while the Ethereum-based 'OnChain' share class aims to facilitate transaction tracking for the Fidelity Treasury Digital Fund. These developments reflect a growing trend of financial institutions embracing crypto services and products.

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• Mar 25, 8:48 PM The Block

  SEC concludes investigation into Immutable with no charges

  The US Securities and Exchange Commission has ended its investigation into the Australian crypto firm Immutable, which had previously received a Wells notice over potential securities law violations. Immutable celebrated this decision as a victory for digital ownership in the gaming sector. This closure aligns with the SEC's recent trend of dropping cases against various crypto entities and pursuing clearer regulations under its new leadership post-Trump administration and Gary Gensler's tenure.

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• Mar 25, 4:00 PM Cboe

  Cboe files 19b-4 for Fidelity Solana ETF, signaling mainstream push

  Cboe has filed a 19b-4 form with the US Securities and Exchange Commission to list a Solana exchange-traded fund (ETF) proposed by Fidelity. Fidelity's Solana ETF, expected to track the spot price of SOL, aims to include the high-performance blockchain in regulated financial markets, expanding its crypto ETF range beyond Bitcoin and Ethereum. This move reflects a growing demand from investors for altcoin exposure and could significantly impact the mainstream financial integration of Solana.

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• Mar 25, 12:00 PM PeckShield

  GMX and MIM Spell targeted in $13 million crypto hack

  On March 25th, GMX and MIM Spell, two key DeFi platforms, suffered a significant security breach resulting in the loss of approximately 3,260 ETH, valued around $13 million. The breach targeted their smart contracts, highlighting ongoing security concerns in the DeFi sector, especially for platforms with substantial TVL. GMX, a decentralized exchange, and MIM Spell, operated by Abracadabra, play major roles in trading and lending within the crypto ecosystem.

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• Mar 25, 6:05 AM Cointelegraph

  Kentucky governor Andy Beshear enacts Bitcoin Rights bill

  Kentucky governor Andy Beshear signed the Bitcoin Rights bill into law, establishing legal protections for crypto users’ rights such as self-custody and operation of nodes without discrimination. The bill, HB701, introduced by Rep Adam Bowling, also safeguards crypto mining activities from local zoning changes and clarifies that crypto mining and staking are not considered securities. This comes as Bitcoin legislation progresses in another US state, where Oklahoma and Arizona are advancing their digital asset initiatives.

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• Mar 25, 1:00 AM Globe Newswire

  Dogecoin Foundation's corporate arm launches Official Dogecoin Reserve to enhance payment efficiency

  House of Doge, the business arm of the Dogecoin Foundation, has launched the Official Dogecoin Reserve, buying 10 million Dogecoin to promote Dogecoin as a mainstream global payment option. This reserve aims to solve the transaction lag prevalent in digital currencies by enhancing payment efficiency at checkouts. The Reserve's initiation represents a significant development in making Dogecoin a reliable, scalable global currency for everyday transactions and merchant acceptance.

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• Mar 24, 10:09 PM The Block

  Polymarket expands capabilities with SOL deposits on Solana

  Polymarket has introduced the option for users to deposit SOL on its platform, expanding beyond the previous requirement of using USDC stablecoins. Operating on the Polygon network, the crypto prediction platform is enhancing its accessibility by incorporating Solana, which ranks just above USDC in terms of market capitalization. This move aims to rejuvenate user engagement following a slight decline since peaking during the US presidential elections.

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• Mar 24, 9:38 PM The Block

  Trump Media partners with Crypto.com to launch 'Made in America' ETFs

  Trump Media and Technology Group has partnered with Crypto.com to create exchange-traded funds (ETFs) and products focused on digital assets and US-based securities under the Truth.Fi brand. The ETFs will feature a basket of cryptocurrencies including Bitcoin and Cronos, and will be supported by Crypto.com's technology and custody services. These ETFs, awaiting regulatory approval, aim to support American innovation and economic growth and will be available internationally through Foris Capital US.

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• Mar 24, 9:04 PM The Block

  Standard Chartered tests Mag 7B index, replaces Tesla with Bitcoin for better returns and stability

  Standard Chartered developed a modified version of the 'Magnificent 7' tech index, named 'Mag 7B', by substituting Tesla with Bitcoin. The bank's analysis revealed that Mag 7B outperformed the original Mag 7 index, demonstrating higher returns and lower volatility. This shift indicates Bitcoin's potential dual role as a tech stock and a hedge against traditional finance risks, suggesting increased institutional investment in Bitcoin could be advantageous.

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• Mar 24, 10:00 AM DWF Labs

  DWF Labs launches $250M liquid fund to boost growth in web3

  DWF Labs is launching a $250 million Liquid Fund to accelerate the growth of mid and large-cap crypto projects. This initiative is part of DWF Labs' active investment strategy in the crypto industry, having recently committed $11 million to different blockchain projects, with upcoming investments totaling $35 million. The fund will support strategic venture capital and ecosystem enhancements in the crypto space, focusing on liquidity, DeFi activity, lending markets, public relations, and comprehensive go-to-market strategies, aimed at increasing real-world crypto adoption and industry innovation.

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• Mar 24, 10:00 AM dYdX

  dYdX initiates first-ever DYDX Buyback Program

  The dYdX community has launched its first-ever DYDX Buyback Program, allocating 25% of net protocol fees towards monthly buybacks of DYDX tokens from the open market to stake and enhance network security. This initiative is part of a broader strategy aimed at aligning tokenomics with the protocol's growth, ensuring long-term sustainability and strengthening the role of DYDX tokens within the ecosystem.

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• Mar 23, 4:33 PM The Block

  Fidelity introduces Ethereum-tracked 'OnChain' shares for Treasury money market fund

  Fidelity Investments is launching 'OnChain,' an Ethereum-based blockchain share class for its Treasury money market fund. This new class will provide transparent and verifiable tracking of share transactions on the Ethereum blockchain, while maintaining traditional records for official ownership. The initiative reflects a growing trend of integrating blockchain technology into traditional financial instruments, with the market for tokenized US Treasury securities currently valued at about $4.77 billion.

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• Mar 21, 5:55 PM The Block

  Coinbase in advanced talks to buy Deribit

  Coinbase is in advanced talks to acquire Deribit, a leading platform for trading Bitcoin and Ether options. The discussions have involved notifying regulators in Dubai, where Deribit holds a license. Bloomberg sources suggest no final agreement has been reached yet, although earlier reports valued Deribit between $4 billion and $5 billion.

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