KEYTAKEAWAYS
- The SEC delays decisions on all pending altcoin ETF applications until May 2025, while simultaneously announcing crypto regulation roundtables starting March 21.
- Circle introduces CCTP v2, reducing cross-chain USDC transfer settlement times from 15 minutes to seconds, significantly enhancing DeFi liquidity and composability.
- South Korea plans to release crypto investment guidelines for institutions in Q3 2025, potentially opening its crypto market to corporate participation after years of restrictions.
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. SEC Delays Decisions on Multiple Altcoin ETFs
The SEC has postponed its decisions on several crypto spot ETF applications, including the VanEck Spot Solana ETF, Canary Spot Litecoin ETF, Canary Spot Solana ETF, Canary Spot XRP ETF, Grayscale Spot XRP ETF, and Grayscale Spot Dogecoin ETF. New deadlines have been set for May 2025: May 29 for Cardano (ADA), May 22 for XRP, May 13 for Litecoin (LTC), May 21 for Dogecoin (DOGE), and May 19 for Solana (SOL). Meanwhile, the SEC announced a series of crypto regulation roundtables as part of its Crypto Task Force, with the first event scheduled for March 21 at the SEC’s headquarters in Washington, D.C. The task force, launched on January 21 by Acting SEC Chairman Mark Uyeda, aims to create clearer rules for crypto and refine the SEC’s approach to enforcement.
2. Circle Upgrades Cross-Chain Transfer Protocol for Faster USDC Transfers
Circle has introduced an upgraded version of its Cross-Chain Transfer Protocol (CCTP v2), significantly enhancing USDC transaction settlement times across different blockchains. The upgrade enables USDC transfers to settle in just seconds, a dramatic improvement from the previous 15-minute settlement times on Ethereum and Layer-2 networks. CCTP v2 introduces two key features: Fast Transfer, which accelerates settlement regardless of the source blockchain, and Hooks, which enhances smart contract composability by allowing developers to automate post-transfer actions on the receiving chain. This advancement addresses traditional cross-chain issues such as trust assumptions, block-finality delays, and liquidity fragmentation. CCTP v2 initially supports Avalanche, Base, and Ethereum networks, with leading platforms such as Wormhole, Mayan, Interport, and Socket already integrating the protocol.
3. Cboe Requests Staking for Ethereum ETFs
Cboe has asked the SEC to allow staking in several spot Ethereum ETFs, sending ETH prices 2% higher over the past 24 hours. The exchange, which is associated with ETF issuers including Fidelity, Franklin Templeton, VanEck, and Invesco/Galaxy, filed amended 19b-4 documents for the Fidelity Ethereum Fund (FETH) and the Franklin Ethereum ETF (EZET) to permit staking. This request comes after former SEC Chair Gary Gensler’s departure and during Acting Chair Mark Uyeda’s tenure. Bloomberg Intelligence ETF analyst James Seyffart believes Cboe’s request will likely be approved, stating, “There’s still things that need to be sorted but we expect the SEC will allow staking in the ETFs this year.” The development comes as companies continue to file for ETF products across various digital assets, including Sui (SUI) and Aptos (APT).
4. Jupiter’s Controversial “2030 Lock-in” Proposal Passes
SolanaFloor reported on X that despite strong community doubts, the “2030 lock-in” proposal put forward by Jupiter co-founder Meow has passed with a 63% majority vote. According to the voting results, 280 million JUP tokens will be locked until 2030, and in return, Meow will receive an additional 220 million JUP rewards.
5. Base Network Transaction Activity Moderates but Maintains Leadership
Transaction activity on Coinbase’s Base network has moderated from its January peak, with the 7-day moving average declining from nearly 12 million transactions on January 6 to approximately 7.5 million currently, a 38% reduction. Despite this decline, Base continues to maintain a commanding lead over other Ethereum Layer 2 solutions, including established platforms like Arbitrum and Optimism. The network has now reached nearly 3.5 million unique addresses, potentially signaling continued user onboarding despite reduced transaction frequency. Base’s ecosystem is primarily dominated by decentralized exchanges and lending protocols, with Aerodrome, Uniswap, Morpho Blue, Save, and Pendle leading in total value locked (TVL).
NOON NEWS
1. Franklin Templeton Files for XRP ETF
Franklin Templeton is planning to launch an exchange-traded fund tracking the spot price of XRP, underscoring asset managers’ increasing appetite for digital assets beyond Bitcoin. The filing is the latest in a series of spot cryptocurrency ETF applications, following Franklin’s earlier filing for a Solana ETF last month. XRP, the world’s fourth-largest cryptocurrency created by Ripple, has a market capitalization of about $124 billion and has more than tripled in value over the past 12 months. The ETF is set for listing on the Cboe BZX Exchange, with Coinbase appointed as the custodian for the fund’s XRP holdings. XRP is also among the cryptocurrencies that President Trump wants included in the new strategic reserve.
2. BlackRock Acquires 4,542 ETH Worth $8.4 Million
Data from Arkham indicates that BlackRock has increased its holdings by acquiring 4,542 ETH approximately 11 hours ago, valued at $8.4 million.
3. Bitcoin ETFs See $371 Million in Net Outflows
According to SoSoValue data, Bitcoin spot ETFs experienced a total net outflow of $371 million on March 11. BlackRock’s IBIT had a net outflow of $151 million, while Fidelity’s FBTC saw a net outflow of $107 million. As of the time of writing, the total net asset value of Bitcoin spot ETFs stands at $92.838 billion, representing 5.65% of Bitcoin’s total market value, with historical cumulative net inflows reaching $35.402 billion.
4. 47% of Ethereum Holders Currently in Profit
According to data from CryptoRank.io, as of March 11, 47% of Ethereum holders are currently in profit. Among the top 50 tokens by market capitalization, holders of TRX, OM, BGB, and BTC have relatively high overall profit ratios. BGB holders lead with a 95.6% profit ratio, followed by OM at 90%, TRX at 89.8%, and BTC at 86.4%.
5. Voltix Raises $10 Million for Decentralized Computing Platform
Decentralized computing platform Voltix, built on the Solana chain, has announced the completion of a $10 million financing round with participation from BLCK Labs. The new funds will be used for its node validator program and to expand its decentralized infrastructure, allowing businesses and individuals to access underutilized computing power. Users who provide computing resources can receive token rewards.
EVENING NEWS
1. South Korea to Lift Ban on Institutional Crypto Trading
South Korea’s Financial Services Commission (FSC) has announced plans to release crypto investment guidelines in Q3 2025, lifting the ban on institutional crypto trading. FSC Vice Chairman Kim So-young stated that a task force will draft detailed guidelines with different timelines: non-profits and crypto markets will receive guidelines by April, while public companies and professional investors will get them by Q3. Kim emphasized that companies entering the crypto market need to focus on changing practices, not just laws, and called for promoting best practices to ensure market health. The South Korean crypto market, one of the largest and most altcoin-heavy globally with approximately 30% of the population (15.6 million people) engaged in trading, could see significant growth with institutional participation. The country is also considering adding Bitcoin to its reserves and creating a stablecoin backed by the Korean won, responding to recent crypto initiatives by the U.S. under President Trump.
2. Whale with 50x Leverage Liquidated on Hyperliquid
According to on-chain analyst Aunt Ai, a whale with 50x leverage on Hyperliquid has withdrawn most of their principal and profits, thereby compressing the liquidation price. The remaining long position of 160,234.18 ETH was “actively liquidated,” totaling $306 million. Currently, 8 million USDC have been withdrawn back to Arbitrum.
3. USDC Treasury Mints 50 Million USDC on Ethereum
According to on-chain data tracking service Whale Alert, at approximately 13:48 Beijing time, USDC Treasury minted 50 million USDC on the Ethereum blockchain.
4. Bombie Ranks in Top 2 in Kaia Mini Dapp Competition
On March 12, Web3 game Bombie successfully ranked in the Top 2 in the Kaia Mini Dapp user growth competition. Data shows that Bombie is currently the highest-earning game application on the LINE Mini DAPP platform, with an Average Revenue Per Paying User (ARPPU) of $194, comparable to popular Web2 games like ‘League of Legends’.
5. Base Network Transactions Increase 11.9%
According to BlockBeats, data from Dune reveals that the Base network recorded 6.84 million transactions on March 11, marking an 11.9% increase compared to the 6.11 million transactions on February 11.
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
