Barclays stated that it is expected that the Federal Reserve will cut interest rates by 25 basis points in June and September this year, while the previous forecast was for a rate cut in June.
Turkey is advancing cryptocurrency regulation, with new rules being developed for Cryptocurrency Asset Service Providers (CASPs). On March 13, the Capital Markets Board of Turkey (CMB) issued two regulatory documents regarding the licensing and operation of CASPs, covering cryptocurrency exchanges, custodians, and wallet service providers. This regulatory framework grants the CMB comprehensive oversight of cryptocurrency platforms to ensure compliance with domestic and international standards. Additionally, the framework establishes standards and requirements for setting up and providing cryptocurrency services in Turkey, including registered capital, management backgrounds, shareholder rules, etc.
Turkey has introduced new regulations for crypto asset service providers (CASPs), including crypto exchanges, custodians, and wallet service providers. The Capital Markets Board (CMB) of Türkiye published two regulatory documents on March 13 to oversee the licensing and operations of CASPs, ensuring compliance with national and international standards. The regulations set standards for establishing and providing crypto asset services in Turkey, such as establishment capital, executive history, and shareholder rules. CASPs will need to invest in compliance infrastructure and meet stringent reporting requirements under the new framework. Turkey's crypto regulations align with global standards and draw inspiration from regulatory approaches in Europe and the US, targeting stricter trading requirements and potential stablecoin restrictions for Turkish investors.
On March 13th, according to Decrypt, Cboe BZX Exchange has submitted a proposed rule change on behalf of Invesco Galaxy to the U.S. Securities and Exchange Commission (SEC), aiming to allow its physical Bitcoin ETF and Ethereum ETF to create and redeem shares in-kind. In-kind redemption and creation allow for the direct exchange of the ETF's underlying assets (Bitcoin or Ethereum) with ETF shares, bypassing the need for cash. This approach eliminates the need for participants to sell the underlying cryptocurrency to create shares, reduces bid-ask spreads, and avoids additional brokerage commissions.
D-Wave, a quantum computing company, announced that its annealing quantum computer has surpassed one of the world's most powerful traditional supercomputers in solving complex magnetic material simulation problems, marking a significant breakthrough for quantum computing in real-world problems.
Tencent is accelerating the advancement of large-scale model applications. It was learned by reporters recently that Tencent has recently purchased a batch of new chips from NVIDIA. In order to deliver the order to Tencent on time, there has been a short-term shortage of NVIDIA H20 chips. A source close to NVIDIA stated that the amount of this order from Tencent is approximately tens of billions. As of now, Tencent has not responded to this. An Alibaba Cloud source told reporters that, to his knowledge, Tencent has purchased a large quantity of H20 chips in the short term mainly to meet the demand for WeChat's integration with DeepSeek.
the Central Bank of Russia proposed a 3-year pilot project for cryptocurrency trading for investors with assets exceeding $11.5 million or annual income exceeding $50 million, currently awaiting government approval.
Amidst the fierce competition among public blockchains and the reshaping of the market, the BNBX Revival Protocol has emerged. It is dedicated to reconstructing the token economic system and building a decentralized ecosystem driven by global consensus. The protocol features an in - built smart contract for automatic execution, an insurance pool, and a slippage protection mechanism. It conducts real - time repurchases to provide a price floor, effectively stabilizing the token price. The 100% non - pre - sale and transparent issuance model ensures fair participation and prevents large - scale investors from manipulating the market.
the Telegram self-hosted cryptocurrency wallet developed by the third-party company The Open Platform (TOP) has launched new features such as multi-asset trading and earnings for users. According to today's update, TOP states that users will be able to buy, sell, or hold cryptocurrencies without any on-chain deposits. Later this year, TOP plans to increase earnings for USDT holders and introduce a loyalty program that will benefit Toncoin holders. The Telegram wallet has also been redesigned with a new navigation bar at the bottom, making it easy to switch between the wallet, trading, and earnings sections.
according to ai_9684xtpa monitoring, a 50x leverage whale added margin to Hyperliquid and GMX, and opened a short BTC position. The margin on Hyperliquid accumulated to 2.3 million US dollars; the margin on GMX accumulated to 6.756 million US dollars. Shorting BTC at 25x leverage on Hyperliquid, the position increased to 347.82 coins, equivalent to about 28.87 million US dollars.
the market shows ETH breaking through $1900, now trading at $1900.59, with a 24-hour increase of 0.32%. The market is fluctuating significantly, so please manage your risks.
according to on-chain analyst @ai_9684xtpa monitoring, the "Hyperliquid 50x leverage whale" shifted to the GMX platform after making a profit of over 15 million USD on the Hyperliquid platform.
according to on-chain analyst Yu Jin's monitoring, a whale with an 81% win rate bought a large amount of cryptocurrency on March 4th and has not made any new transactions for 9 consecutive days. The trader spent 58.38 million USDT to buy 679 WBTC at an average price of $85,964 each; at the same time, spent 8.8 million USDT to buy 4,212 ETH at an average price of $2,090 each. The current position is floating at a loss of approximately $2.74 million.
On March 13th, news, South Dakota State Representative Logan Manhart posted a photo with the iconic "laser eyes" profile picture of a Bitcoin supporter on X, with the caption "Thank you all for participating in this exciting legislative session, looking forward to the second round next year!"
according to Spot On Chain monitoring, a wallet created 7 years ago related to the mining pool Ethermine became active again after three years of silence, and withdrew 2,692 ETH (about $5.01 million) from the OKX exchange. The wallet was previously in a partially dormant state.
6 out of the 22 cabinet members of US President Trump listed Bitcoin wallets or indirectly held cryptocurrencies through other financial instruments in their financial disclosures in January.
the market showed BTC falling below $83,000, now trading at $82,950.5, with a 24-hour increase of 0.62%. The market is volatile, so please manage the risk.