Key Highlights
- BlackRock expands crypto offerings with Bitcoin ETP across European exchanges (Xetra, Euronext).
- Oklahoma advances Strategic Bitcoin Reserve Act, joining other U.S. states in crypto adoption.
- Arthur Hayes predicts ETH to hit $5K before SOL reaches $300.
- Movement Network initiates $38M MOVE token buyback on Binance, cutting ties with non-compliant market makers.
- Trump's "FIGHT" tweet triggers Solana-based FIGHT token surge (+60% in 24h).
Regulatory & Macro Developments
BlackRock's Bitcoin ETP in Europe
BlackRock will list its iShares Bitcoin ETP (IB1T/BTCN) on major European exchanges starting Tuesday, with a reduced fee of 0.15% until year-end. This move signals institutional confidence in crypto assets.
U.S. State-Level Crypto Policies
- Oklahoma passed HB1203, allowing state funds to allocate up to 10% to Bitcoin.
- Kentucky signed the Bitcoin Rights Bill, protecting self-custody and node operations.
Circle Partners with SBI for USDC in Japan
USDC goes live in Japan on March 26 via SBI VC Trade, marking its first legal approval as a global stablecoin in the country.
Market Insights
Arthur Hayes' ETH vs. SOL Prediction
Hayes forecasts Ethereum's rise to $5K** will outpace Solana's climb to **$300, citing ETH's stronger near-term momentum.
Matrixport on Bitcoin-Nasdaq Correlation
Bitcoin’s 70% correlation with Nasdaq may soon diverge, offering potential standalone gains.
Project Updates
Movement’s $38M MOVE Buyback
- Action: 3-month buyback on Binance using recovered funds.
- Background: Severed ties with a market maker accused of post-TGE dumping.
Binance’s BNSOL Super Staking: Solv Protocol (SOLV)
Users staking SOL or holding BNSOL from March 27–April 11 earn SOLV APR Boost rewards.
Trump’s "FIGHT" Tweet & Solana Token
Solana’s FIGHT token spiked 60% after Trump’s social media post, showcasing meme coin volatility.
Critical Data
- Mt. Gox: 893 BTC moved to Kraken; cold wallet transferred $1B+ BTC.
- Cumberland: $117M+ stablecoins sent to exchanges in 24h.
Funding News
- Kraken: Planning $1B debt raise ahead of a potential 2026 IPO.
- Fragmetric (Solana): $5M secured for re-staking protocol; total funding at $12M.
- Rain: $24.5M raised for stablecoin-settled debit cards.
FAQ Section
Q: When does BlackRock’s ETP launch?
A: Tuesday, March 26, on Xetra, Euronext Paris/Amsterdam.
Q: What’s Movement’s buyback plan?
A: $38M MOVE repurchased over 3 months via Binance.
Q: How did FIGHT token react to Trump’s tweet?
A: Price surged 60% to $0.0018 within 24 hours.
Q: Is USDC available in Japan?
A: Yes, via SBI VC Trade from March 26.
Q: What’s the fee for BlackRock’s ETP?
A: 0.15% temporarily, up from 0.25%.