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Quick Take “There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday. A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.
Quick Take White House Crypto AI and Crypto Czar David Sacks said last week that Trump’s senior advisors plan to recommend that the president sign it into law. Under the defunct rule, some “decentralized finance industry participants” would have had to send their customers Form 1099 tax returns, which are used to report payments that typically aren’t from an employer, like gambling winnings, rents and royalties.
Quick Take On Monday night, the blockchain research channel Lookonchain posted that “a wallet suspected to be Ethereum Foundation deposited” over 30,000 ETH “to lower the liquidation price.”
Quick Take MoreMarkets aims to create yield opportunities from XRP, DOGE and other non-EVM tokens on different decentralized exchanges (DEXs) without having to leave their original network. MoreMarkets plans to launch its mainnet beta on April 19.
Quick Take Offchain Labs said it plans to acquire ARB, Arbitrum’s native token, for its treasury. The firm will purchase ARB over time through open market and other transactions based on predetermined parameters.
- 16:10Trump: latest inflation data is very good newsUS President Donald Trump says the latest inflation data is very good news.Earlier data, the US unquartered CPI for February was recorded at an annual rate of 2.8 per cent, a new low since November last year, while the US quarterly CPI for February was recorded at a monthly rate of 0.2 per cent, a new low since October last year.U.S. February unseasoned core CPI annual rate recorded 3.1%, April 2021 to a new low; U.S. February seasonally adjusted core CPI monthly rate recorded 0.2%, a new low in December last year.
- 16:09FTX/Alameda Affiliated Addresses Withdraws 185,328 SOLs from Pledge Valued at $22.88 MillionMarch 12, 2013 - An address associated with FTX/Alameda has withdrawn 185,328 SOLs worth $22.88 million from a pledge, according to OnchainLens monitoring. The wallet now holds 5,502,526 SOLs (worth $682.14 million) in the pledge.
- 16:08The last 24 hours the whole network futures burst $ 380 million, long and short double explosionMarch 12, Coinglass data show that the past 24 hours cryptocurrency market network futures burst 380 million U.S. dollars, of which the long single burst 167 million U.S. dollars, short single burst 213 million U.S. dollars. BTC burst a total of 191 million U.S. dollars, ETH burst a total of 71.279 million U.S. dollars.