📈Crypto Markets Rebound as Fed Leaves Rates Unchanged

gm Defiers!

Markets rebounded following two days of losses as the Federal Reserve left rates unchanged. Bitcoin rallied above $84K, while ETH reclaimed $2000 and XRP surged 12%.

The SEC could soon withdraw the Biden-era crypto custody rule, which requires registered investment advisers to custody any crypto purchased for clients with a qualified custodian.

A Coinbase survey indicates that more than 80% of institutional investors plan to increase their crypto allocations this year. Meanwhile, the exchange plans to roll out ‘safe’ onchain swaps for KYC-verified users.

Plus, Hyperliquid vault bleeds TVL, $KTA soars, and EOS rebrands as Vaulta.

✍️ In today’s newsletter:

ETH reclaims $2,000 as crypto markets rebound
Acting SEC chair floats withdrawal of crypto custody rule
Hyperliquid HLP vault TVL drops 40%
83% of institutional investors plan to boost crypto holdings: Coinbase
Market maker Keyrock expands to U.S.
Coinbase rolls out onchain swaps for verified users
Trump’s World Liberty Financial concludes token sales
Keeta Network soars on Eric Schmidt connection
EOS rebrands as Vaulta
ZachXBT doubts that crypto can self-regulate

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📈 Markets in the last 24 hrs:

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Catch up on our interview with Max Luck, Head of Growth at Flare Networks, as he discusses the layer-one EVM blockchain's focus on providing high-integrity data to builders through its enshrined oracles.

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📈Crypto Market Rebounds Ahead of Fed Rate Decision

The cryptocurrency market rebounded after two days of losses as investors await the Federal Open Market Committee's (FOMC) interest rate decision later today. Bitcoin rose 3.5% over the past 24 hours to $84,177, while Ether surged 7.5% to $2,017.

🏛️Acting SEC Chairman Mark Uyeda Proposes Withdrawal of Crypto Custody Rule

The SEC’s acting chairman revealed that he has asked staff to revisit the 2023 crypto custody rule. The rule requires registered investment advisers to custody any crypto purchased for clients with a qualified custodian.

📉Hyperliquid’s HLP Vaults Bleed TVL in Wake of $4M Exploit

Hyperliquid’s HLP vault has been bleeding total value locked (TVL) since a whale exploited the protocol for $4 million. TVL is now $312 million, down 38% since March 11.

🏦83% of Institutional Investors Plan to Increase Crypto Allocations in 2025: Coinbase

Institutions are optimistic about crypto's future, with 83% of investors planning to increase crypto allocations in 2025, according to a joint survey by Coinbase and EY-Parthenon.

🇺🇸Keyrock Aims to Strengthen Global Crypto Market Presence with U.S. Expansion

Keyrock, a global crypto investment firm specializing in market making, OTC, and options trading, has announced the launch of its U.S. entity at the Digital Asset Summit (DAS) in New York.

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Binance co-founder, and now “intern” at YZi Labs, Changpeng Zhao (CZ), sat down with Anna Kazlauskas, the creator of Vana Network, to discuss the role crypto and blockchain will play in the growth of artificial intelligence (AI).

The interview discusses the importance of data in AI training, its current limitations, and how transparent and community-led efforts can enhance the AI and machine learning space.

CZ and Anna brainstorm the idea of data as an asset class, DataDAOs which contribute to data accumulation and decentralized training, and DataDAO tokens which allow the market to assign value to these efforts.

Vana Network and YZi Labs envision a future where decentralized training and data contributions can not only assist the AI and machine learning space, but significantly improve it.

💱Coinbase Plans to Roll Out Onchain Swaps for KYC-Verified Users

Coinbase Pools will be a curated selection of liquidity pools that are vetted and verified by Coinbase and curated for wallet solutions verified by Coinbase. The initiative will provide a safe source for onchain swap transactions for retail and institutional users on Coinbase’s Ethereum Layer 2, Base.

💰President Trump’s World Liberty Financial Ups Token Sales to $550 Million

Donald Trump-backed crypto project World Liberty Financial closed its second token sale, bringing its cumulative fundraising to $550 million.

🚀Keeta Network Soars On Reported Investment from Eric Schmidt

Keeta Network, a Layer 1 blockchain, is gaining momentum after launching its token on Base on March 5. The token nearly tripled after reported investor Eric Schmidt followed the project’s X profile.

🔒EOS Network Rebrands as Vaulta, Strengthening Its Web3 Banking Vision

EOS Network, a blockchain-powered financial operating system, has officially rebranded to Vaulta, reinforcing its commitment to Web3 banking. The transition is tentatively set to be completed by the end of May 2025 and includes a token swap.

🦹Onchain Sleuth Doubts Crypto’s Ability to Self-Regulate

“Several “decentralized” protocols have recently had nearly 100% of their monthly volume/fees derived from DPRK and refuse to take any accountability. Centralized exchanges end up being worse as when illicit funds flow through them, it takes multiple hours to respond when it only takes minutes to launder, “ said ZachXBT.

🌍 ELSEWHERE

Solana ETFs Are Coming to Wall Street in Latest Crypto Push (Bloomberg)
State known for college basketball powerhouses moves to hold Bitcoin (TheStreet)
Ripple Labs says US SEC ends appeal over crypto oversight (Reuters)