🗣️Binance Suspends Team Member Over Insider Trading Claims
gm Defiers!
Binance suspended a Wallet staff member over insider trading allegations, while BlackRock expanded its digital assets footprint with a Bitcoin ETP in Europe.
In other news, Pi Network’s token price dropped below $1 amid increasing scam allegations. Meanwhile, the overall cryptocurrency market declined following President Donald Trump’s bold tariff stance.
✍️ In today’s newsletter:
- Binance suspends staff member from wallet team
- BlackRock debuts Bitcoin ETP in Europe
- Chainlink teams up with Abu Dhabi Global Market
- Crypto market slides as Trump's tariff stance fuels uncertainty
- Movement network reveals plans for a strategic reserve
- Ethereum Name Service partners with Para wallet
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📈 Markets in the last 24 hrs:
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🗣️Binance Suspends Wallet Team Member Over Alleged Insider Trading
Binance has suspended a Wallet team member over allegations of insider trading, accusing them of using confidential information for unfair profits. The CEX also noted that it’s cooperating with authorities regarding the matter.
🏦 BlackRock Launches Bitcoin ETP in Europe
BlackRock has launched its iShares Bitcoin exchange-traded product (ETP) in Europe, listed on Euronext Paris, Euronext Amsterdam, and Xetra exchanges.
🇦🇪Chainlink Partners with Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding (MoU) with Chainlink to advance tokenization frameworks in the UAE. This move follows recent crypto investments by UAE entities.
📉Crypto Market Declines as Trump’s Tariff Talk Stokes Renewed Uncertainty
The cryptocurrency market continued its decline on Wednesday as renewed tariff talk from President Donald Trump added to market uncertainty. Bitcoin (BTC) dropped 1% to $86,980, while Ethereum (ETH) fell 2.3% to $2,020.
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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.
READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?
💸 Pi Network’s Price Plummets Below $1 as Allegations of a ‘Scam’ Fly
Pi Network's PI token dropped below $1 last week, hitting $0.88 on March 20 amid ongoing scam allegations. The token, which surged after the launch of its Open Mainnet on Feb. 20, is down 40% this month and 22% in the past week.
💰Movement Network to Establish Strategic Reserve with $38 Million Recovered from Market Maker
Movement Network is establishing a strategic reserve for its MOVE token using 38 million USDT (or $38 million) recovered from a market maker who dumped tokens.
🤝Ethereum Name Service Teams Up With Para Wallet to Simplify Registration
The Ethereum Name Service (ENS) has partnered with wallet maker Para to simplify the signup process for ENS names, allowing users to register with just a phone number, email, or social media login.
🌍 ELSEWHERE
- Michael Saylor may burn his Bitcoin before death for “economic immortality” (TheStreet)
- Crypto Exchange Bitso Launches Stablecoin Business, Eyeing LatAm Cross-Border Payments (CoinDesk)
- GameStop Adopts Policy to Buy Bitcoin, Joining Other Firms (Bloomberg)
