KEYTAKEAWAYS
- Trump prepares to sign executive order reversing Biden-era "Operation Chokepoint 2.0" restrictions on crypto banking, potentially easing master account access for crypto-focused banks.
- The stablecoin market reaches an all-time high of $226.8B with $2.43B added in the past week alone, signaling investor capital rotation during market uncertainty.
- Movement Network successfully launches its public mainnet beta with $250M in day-one liquidity through its Cornucopia program, bypassing typical bootstrapping challenges for new networks.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Trump to Reverse Biden’s Anti-Crypto Policies
U.S. President Donald Trump is preparing to sign a new executive order that will reverse former President Joe Biden’s anti-crypto stance. The order is expected to roll back policies linked to “Operation Chokepoint 2.0,” a term coined by Castle Island Ventures partner Nic Carter referring to the Biden administration’s efforts to limit banking access for crypto firms. The executive order could impact Federal Reserve policies regarding master accounts, which would benefit crypto-focused banks like Custodia that struggled to obtain such accounts under Biden. Senior White House officials are currently assessing potential legal challenges before the order is signed. The order may also include provisions stating that cryptocurrencies should not be classified as securities. This will be Trump’s third crypto-related directive, following the establishment of a Presidential Working Group on Digital Asset Markets in January and the creation of a strategic Bitcoin reserve last week.
2. MicroStrategy’s Bitcoin Holdings Fall Below $40 Billion
According to the Saylortracker website, the market value of Strategy (formerly MicroStrategy)’s Bitcoin holdings has fallen below $40 billion. Data shows that Strategy holds 499,096 BTC, and based on the current price of approximately $79,358.02 per Bitcoin, the market value of Strategy’s Bitcoin holdings is about $39.65 billion.
3. Solana Transaction Fees Hit Seven-Month Low
According to The Block, the total transaction fees generated by the Solana network last week were only 53,800 SOL, marking the lowest weekly figure since September 2024. Last week’s fees decreased by 10% compared to the previous week, an improvement over the past six weeks’ average weekly decline rate of 25%. Solana’s weekly transaction fees have dropped by 85% from the historical peak of 361,000 SOL in the fourth week of January during the $TRUMP and $MELANIA meme coin launches. Jito validator tips have also significantly decreased, averaging only $11,300 per day last week, compared to $62,000 per day during the week of $TRUMP’s issuance. These declining indicators have affected SOL’s price, which has dropped by about 50% since January 20.
4. Coinbase to Launch 24/7 Bitcoin and Ethereum Futures Trading
Coinbase Derivatives announced plans to launch round-the-clock futures trading of Bitcoin and Ethereum. The CFTC-regulated futures arm of the crypto exchange will offer both large and nano-sized contracts for retail and institutional traders, available 24/7 to bridge the gap between fixed trading hours and the continuous nature of the crypto market. According to Coinbase, this gap “forces traders to sit on the sidelines during key market moves, limiting their ability to react in real time.” The exchange is also working on launching perpetual-style futures in the U.S. with long-dated expirations. In partnership with Nodal Clear for CFTC-regulated clearing, this represents the first 24/7-available crypto futures in the U.S. Unlike CME Group’s crypto futures, which are only available during U.S. trading hours, Coinbase’s offering will provide continuous trading access.
5. Experts Question Musk’s Claim About X Outage
Cybersecurity experts have cast doubt on Elon Musk’s claim that the recent large-scale outage affecting X (formerly Twitter) was caused by hackers in Ukraine. Platform monitor Downdetector reported more than 1.6 million problem reports from users worldwide on Monday. Musk claimed in a Fox Business interview that “there was a massive cyber-attack to try and bring down the X system with IP addresses originating in the Ukraine area.” However, Ciaran Martin, former head of the UK’s National Cyber Security Centre, called this explanation “wholly unconvincing” and “pretty much garbage.” Martin suggested the incident was likely a distributed denial of service (DDoS) attack, an “old technique” that major platforms rarely succumb to completely. Netblocks director Alp Toker confirmed that the outage patterns were consistent with a DDoS attack, noting it was “amongst the longest X/Twitter outages we’ve tracked in terms of duration.”
NOON NEWS
1. Stablecoin Market Reaches All-Time High of $226.8 Billion
The total value of the stablecoin market has reached an all-time high of $226.8 billion, a dramatic increase from $132 billion in January 2024. According to DeFiLlama data, $2.43 billion in stablecoins was added in the past week alone, with Tether (USDT) maintaining its dominance at $143 billion, approximately 63% of the market. Solana experienced the most significant surge, with its stablecoin ecosystem expanding from $4 billion in December to $11.7 billion as of March 11, partly driven by Circle’s massive USDC minting spree that saw $8 billion issued on the network in early 2025. Despite the stablecoin market’s growth, decentralized exchange trading volumes have declined, falling from $572 billion in January to $378 billion in February, signaling a shift toward capital preservation as Bitcoin dipped below the critical $80,000 level.
2. Altcoins Experience Significant Market Decline
The cryptocurrency market is showing overall weakness, with altcoins experiencing particularly pronounced declines. On March 10, Bravos Research announced via X that “today’s weakness is the biggest crash of altcoins since the Luna (LUNC) incident.” Ethereum (ETH) plummeted 9.48% compared to the previous day, while other major coins including Ripple (XRP), Binance Coin (BNB), Solana (SOL), and Cardano (ADA) all declined as well. According to CoinMarketCap, among the top 100 altcoins by market capitalization, only Mantra (OM), Mantle (MANTLE), DeXe (DEXE), Story (IP), and Movement (MOVE) avoided losses compared to the previous day.
3. VanEck Registers Avalanche ETF in Delaware
VanEck has registered an Avalanche exchange-traded fund (ETF) in the U.S. state of Delaware, continuing the trend of investment managers applying for various altcoin-based products despite the current crypto market downturn. The New York-headquartered company registered the “VanEck Avalanche ETF” on March 10, according to a filing on Delaware’s Department of State website. This registration comes as Avalanche’s native token (AVAX) has fallen to a one-year low of $16.27. Avalanche becomes the fourth crypto asset for which VanEck has registered an ETF, following its filing for a spot Solana fund last June. VanEck was among the first issuers of Bitcoin and Ethereum ETFs after their approval in January and July, respectively. Other issuers are similarly expanding across the altcoin market, with Rex Shares and Osprey Fund filing to list a MOVE fund on Monday.
4. Sam Bankman-Fried’s Media Campaign Follows 2022 Rehabilitation Plan
Sam Bankman-Fried’s recent media appearances align with a rehabilitation strategy he drafted in 2022 as FTX collapsed. A court document unearthed by Bloomberg revealed Bankman-Fried’s 19 “random probably bad ideas,” including “Come out as extremely pro crypto, pro freedom” and “Go on Tucker Carlsen, come out as a republican.” This week, Bankman-Fried executed that plan by appearing in a 43-minute video interview with Carlson from prison, which resulted in his placement in solitary confinement. During the interview, Bankman-Fried portrayed himself as a former Democrat who abandoned the party due to disillusionment with Biden, suggesting Democrats allowed his prosecution because he had begun making dark money donations to Republicans. The New York Times reported that Bankman-Fried and his family are making a calculated effort for a Trump pardon, though success remains uncertain.
5. Movement Network Launches Public Mainnet Beta with $250M TVL
The Movement Network Foundation has successfully launched its Movement Public Mainnet Beta with an impressive $250 million in at-launch Total Value Locked (TVL) from the Cornucopia program. This milestone enables permissionless smart contract deployment and unrestricted user onboarding for the first time on Movement, the only Move-based chain that settles to Ethereum. “Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” said Cooper Scanlon, Co-Founder of Movement Labs. The Cornucopia program provides substantial day-one liquidity across BTC, ETH, MOVE, and stablecoin assets, addressing the “cold start” problem that typically challenges new networks. Key features of the Public Mainnet Beta include permissionless smart contract deployment, full user onboarding, attestations of block states committed to Ethereum, and a canonical Movement bridge via LayerZero.
EVENING NEWS
1. Bitcoin ETFs See $4.8 Billion Outflow Since February Peak
According to UK investment firm Farside Investors, Bitcoin exchange-traded funds (ETFs) have seen an outflow of $4.8 billion since their peak on February 7, 2025. The total cumulative fund amount has decreased from a peak of $40.7 billion to $35.9 billion as of March 10, 2025, representing a decline of 11.7%.
2. El Salvador Adds 6 More Bitcoin to National Holdings
According to data from the Ministry of Finance of El Salvador, the country has increased its Bitcoin holdings by 6 BTC in the past two days, purchased at an average price of $82,308. Currently, El Salvador holds 6,112.18 BTC, with a total value of $491.6 million. Despite pressure from the International Monetary Fund (IMF) to stop accumulating decentralized value storage assets, El Salvador has added 41 BTC to its holdings in the past 30 days.
3. Jupiter’s Revenue Reaches $3.13 Million in 24 Hours
According to Defillama data, Jupiter’s revenue in the past 24 hours reached $3.13 million, surpassing protocols and public chains such as Hyperliquid and Tron. It currently ranks third on the crypto revenue leaderboard. Tether and Circle ranked first and second with 24-hour revenues of $18.25 million and $6.08 million, respectively.
4. Bubblemaps Announces BMT Token Airdrop
Bubblemaps has announced BMT token airdrops for V2 users, with airdrop inquiries now open. Eligible users are being selected from the top-ranked users through a lottery system, and a detection algorithm is being used to filter out spam and automated behavior.
5. Deutsche Boerse to Offer Crypto Custody Services
Germany’s Deutsche Boerse will offer cryptocurrency custody and settlement services for institutional clients starting next month. The service will allow crypto trading from various venues to be settled and held in Clearstream, Deutsche Boerse’s settlement business. Initially supporting Bitcoin and Ethereum, the company is considering adding additional cryptocurrencies based on demand. Deutsche Boerse’s subsidiary Crypto Finance, which obtained a MiCA license in January, will act as a sub-custodian. “Offering crypto custody is the next step on Clearstream’s journey to digitise financial markets,” said Jens Hachmeister, Clearstream’s head of issuer services and new digital markets. This move follows Deutsche Boerse’s launch of a regulated crypto trading platform for institutional investors last year and reflects a broader trend of European financial institutions entering the cryptocurrency space following the introduction of the EU’s Markets in Crypto-Assets regulation (MiCA).
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