24H Hot Coins and News | Crypto ETF approval may be postponed until the new SEC chairman takes office; US states advance crypto asset reserves (March 13)

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叮当
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MGX invested $2 billion in Binance, setting a new record in the crypto industry.

24H Hot Coins and News | Crypto ETF approval may be postponed until the new SEC chairman takes office; US states advance crypto asset reserves (March 13)

1. CEX popular currencies

CEX top 10 trading volume and 24-hour rise and fall:

  • BNB: 3.34%

  • BTC: 1.18%

  • ETH: -0.67%

  • DOGE: 4.58%

  • SOL: 0.77%

  • CREAM: 2.59%

  • ATM: 1.23%

  • VIC: 45.41%

  • CITY: 3.77%

  • FORTH: 6.31%

24 H increase list (data source: OKX):

  • ERN: 17.31%

  • VELODROM: 15.72%

  • KAITO: 10.69%

  • TIA: 10.69%

  • LOOKS: 8.92%

  • ULTI: 8.44%

  • PEPE: 7.74%

  • WIF: 7.25%

  • AIXBT: 6.73%

  • BONE: 6.71%

2. Top 5 popular memes on the chain (data source: GMGN ):

  • SAYLOR

  • PIPE

  • YODA

  • PEPEI

  • FROG

3. 24-hour hot search currencies

EIC: A Solana on-chain meme coin with the theme of Everything is Computer. It is inspired by Trumps evaluation of the intelligence of the Tesla vehicle given by Musk. It combines the traffic effect of two highly topical figures to form a unique cultural symbol narrative.

Headlines

Nebraska signs Bitcoin ATM regulation bill

Nebraska Governor Jim Pillen officially signed LB 609 on Wednesday to regulate Bitcoin ATMs and other electronic transaction terminals to prevent fraud and protect consumer rights. The bill requires Bitcoin ATM operators to clearly disclose all terms of use and provide users with eye-catching anti-fraud warnings. In addition, if users report fraud to operators and law enforcement within 90 days, they can get a full refund.

Bloomberg analyst: Crypto ETF approval may be postponed until the new SEC chairman takes office

The U.S. Securities and Exchange Commission (SEC) on Tuesday postponed its decision on several spot cryptocurrency ETF applications, including XRP, Solana (SOL), Dogecoin (DOGE) and Litecoin (LTC). Bloomberg ETF analyst James Seyffart said the SEC is unlikely to approve or reject these applications until Paul Atkins, the SEC chairman nominated by Trump, is confirmed by Congress.

Seyffart pointed out that although Trump has nominated Atkins to take over as SEC chairman, a confirmation hearing has not yet been scheduled. In addition, the approval of spot Bitcoin and Ethereum ETFs took several years. The SEC previously used the maturity of the futures market of related assets as an important approval criterion, and none of the ETF applications currently under review meet this standard.
Despite this, analysts believe that the probability of some altcoin ETFs being approved by the end of this year is still as high as 65%. However, the final result still depends on the confirmation of the new chairman and his policy direction.

Massachusetts lawmakers propose setting up special committee on blockchain and cryptocurrency

Massachusetts Representative Kate Lipper-Garabedian has filed a bill proposing the establishment of a special committee including members of the state legislature to investigate matters related to blockchain and cryptocurrency.

Industry News

Arkham: ARK Invest Fund stopped selling Bitcoin and bought more than $10 million of Coinbase shares this week

According to Arkham official news, ARK Invest did not sell any Bitcoin today, and the ARKK fund managed by Cathie Wood bought more than $10 million worth of Coinbase shares this week. This is ARKs largest purchase of Coinbase since August last year.

MGX invests $2 billion in Binance, setting a new record in the crypto industry

Binance and MGX, an Abu Dhabi-based AI and advanced technology investor, announced a landmark $2 billion investment. This investment is the first institutional investment received by Binance to date, marking an important step for Binance in driving digital asset adoption and strengthening the role of blockchain in global finance. This is not only the largest single investment in a crypto company, but also the largest investment ever made in cryptocurrency (stablecoin).

This investment represents MGX’s first foray into the cryptocurrency and blockchain space, as it acquires a minority stake in Binance as part of its broader strategy to support blockchain’s transformative impact on society. By partnering with industry leaders, MGX aims to drive innovation at the intersection of artificial intelligence, blockchain technology, and finance.

CBOE Files Solana ETF Application for Franklin

According to market news, the Chicago Board Options Exchange (CBOE) submitted a Solana ETF application for Franklin. It is reported that Cboe BZX, a subsidiary of the Chicago Board Options Exchange Group, has submitted a proposed rule change (19 b-4 application document) to the U.S. Securities and Exchange Commission.

Project News

The US SECs lawsuit against Ripple may end soon and has entered the final stage

According to Fox Business reporter Eleanor Terrett, the SECs lawsuit against Ripple may soon end in ongoing negotiations and is now in the final stages. It is reported that the delay in reaching an agreement between the two parties is due to Ripples legal team negotiating more favorable terms for the August district court ruling, which fined Ripple $125 million and included a permanent injunction prohibiting the company from selling XRP to institutional investors.

Crypto trading platform Mercado Bitcoin plans to cooperate with Polygon Labs to issue $200 million RWA in Latin America

Latin American crypto trading platform Mercado Bitcoin plans to work with Polygon Labs to issue $200 million worth of tokenized assets in Latin America. The focus of this cooperation is to integrate Polygon’s blockchain infrastructure into Mercado Bitcoin’s tokenization process.

Regulatory trends

MAS and Vietnam Securities Regulatory Commission to strengthen cooperation on digital asset regulatory framework

According to official news, the Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) announced to strengthen cooperation in capital market supervision and digital asset regulatory framework to support the formulation of Vietnams digital asset regulatory framework.

South Korea plans to release institutional crypto investment guidelines in Q3 and gradually lift investment ban

South Korea’s Financial Services Commission (FSC) announced on Wednesday that it plans to release comprehensive guidelines for institutional crypto investments in the third quarter of this year, providing a clear compliance framework for listed companies and professional investors.

Meanwhile, investment guidelines for non-profit organizations and crypto exchanges are expected to be released ahead of schedule in April, as the FSC aims to gradually relax restrictions on institutional investors entering the crypto market.
In January this year, the FSC first confirmed that it would gradually lift the de facto ban on institutional investment in cryptocurrencies, and said last month that it would take the lead in allowing charities and universities to sell their crypto assets in the second quarter. The advancement of the new regulations marks a change in South Koreas attitude towards crypto assets, gradually promoting its entry into traditional financial markets.

Investment and Financing

MEXC Ventures Invests $36 Million in Ethena and Its USDE Stablecoin

MEXC Ventures invested $36 million in Ethena and its USDE stablecoin to promote the adoption of synthetic dollars in decentralized finance (DeFi). Unlike traditional stablecoins, USDE is a synthetic stablecoin that is not backed 1:1 by fiat assets, but maintains its value by pledging other stablecoins and holding futures positions.

Voltix, the decentralized computing platform on the Solana chain, has completed a $10 million financing round, led by BLCK Labs

Voltix, a decentralized computing platform on the Solana chain, announced the completion of a US$10 million financing round, led by BLCK Labs, with participation from Karat DAO, SculptAI, NodeGoAI, LOL AI, Fox Wallet, aZen Protocol, Stratos Network, etc. The new funds will be used for its node validator program and expand decentralized infrastructure to enable enterprises and individuals to obtain underutilized computing power, while users who provide computing power can receive token rewards.

GnosisDAO invests another $4.8 million to support HOPR in developing decentralized VPN

GnosisDAO has voted to invest an additional $4.8 million to support HOPR in developing a private and uncensorable decentralized VPN. The project plans to launch an open source privacy-preserving application for consumers within two years. HOPR will hide user IP data through its hybrid network technology and scale to thousands of nodes. GnosisDAO will pay the funds over two years and enjoy a 30% discount on HOPR tokens. The partnership aims to further the development of decentralized technologies.

Character Voice

K 33 Analyst: US Treasury Secretary expected to clarify budget-neutral Bitcoin purchase measures by May 5

K 33 analysts said that despite the general market sell-off due to fears of a recession, President Trumps Strategic Bitcoin Reserve executive order is still a big deal. In addition, analysts expect U.S. Treasury Secretary Scott Bessent to clarify budget-neutral Bitcoin acquisition measures by May 5, and will evaluate legal and investment considerations within 60 days of the executive order. They pointed out that potential budget-neutral strategies include the U.S. Treasurys Exchange Stabilization Fund surplus, the sale of special drawing rights issued by the International Monetary Fund, or the revaluation of gold certificates.

Trump to soon announce Fed Governor Bowman as top federal bank regulator

The Trump administration is expected to nominate Federal Reserve Governor Bowman as the Feds vice chairman for supervision as early as today, according to people familiar with the matter. Earlier this year, Barr resigned as the Feds vice chairman for supervision, avoiding a potential fight with Trump over the position. Barr said in January that the risk of a dispute in the position could distract the Fed from its mission. The White House did not immediately respond to a request for comment.

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