according to on-chain analyst Yu Jin's monitoring, a whale redeemed 4721 ETH (about $9.91 million) and transferred it to the Bitget exchange 5 hours ago. The address has extracted a total of 6849 ETH (about $17.95 million) from Coinbase Prime and Binance at an average price of $2,621 over the past 3 months and has staked them, currently holding a unrealized loss of about $3.57 million.

according to official sources, Cronos Labs has appointed Mirko Zhao as the head of Cronos and the head of products and engineering, replacing the departed Ken Timsit.

open interoperable framework Hyperlane has announced the launch of Soneium, developers on Soneium can now build cross-chain applications and token bridges.

Ethena Labs tweeted that the supply of USDtb exceeds 1 billion US dollars, accounting for over 70% of BlackRock BUIDL shares.

On March 25th, according to Bloomberg, in the broad rebound of the cryptocurrency market, altcoins outperformed Bitcoin, as signs showed that the United States is set to implement more targeted tariff measures, weakening the demand for safe-haven assets. Solana, favored by meme coin issuers, saw its token SOL surge 11%; at the same time, Dogecoin rose by about 8%, and Avalanche also rose by about 8%.

inflow of Bitcoin into exchanges is a key indicator reflecting recent trading intentions. According to the calculation of the 14-day average, this indicator has decreased from an average of 58,600 BTC per day in December last year to 26,900 BTC, which means that the amount of Bitcoin sent to exchanges has decreased by 54%, indicating a contraction in market liquidity and an increase in investor caution.

according to Crypto in America, the White House is actively pushing for the "GENIUS Act" to enter the Senate for review as soon as possible, and aims to be signed into law by President Trump within two months. The bill was approved by the Senate Banking Committee on March 13 by a vote of 18 to 6, establishing a regulatory framework for payment stablecoins pegged to the US dollar. The House version, the "STABLE Act," will begin consideration on April 2, with the White House hoping the Senate version will receive enough support to push the House to pass it directly, avoiding the legislative negotiation process.

latest report from the Swiss blockchain analysis company Global Ledger shows that the sanctioned Russian cryptocurrency exchange Garantex has been renamed to Grinex, and a large amount of on-chain and off-chain data indicates that Grinex is the direct successor of Garantex. Some of Garantex's liquidity, including the ruble-backed stablecoin held by Garantex, has been transferred to wallets controlled by Grinex. Grinex has grown rapidly in recent weeks, with trading volume exceeding $40 million in just two weeks.

Bipartisan Policy Center in the United States stated that a model released on Monday showed that if Congress does not take action, the United States may hit the debt ceiling sometime between mid-July and October. The agency also mentioned that although the possibility is small, if this year's tax revenue is lower than expected, the so-called "X day" could arrive in early June. The U.S. Treasury Department has not predicted which day "X day" will occur, when the federal government will be unable to exercise its payment functions. Wall Street estimates that "X day" could arrive as early as the end of May (estimated by BNP Paribas), or as late as the end of August or the third quarter (predicted by institutions such as Bank of America, Barclays, and Daimler Securities).

Tabit, an insurer based in Barbados, has successfully raised $40 million in Bitcoin to strengthen its balance sheet and enable the insurance industry to benefit from digital assets. The company announced on March 24 that its Bitcoin regulatory capital will be used to support traditional insurance policies denominated in US dollars. Tabit is proud to be the first property and casualty insurer to hold its entire regulatory reserve in BTC, founded by former Bittrex executives. Co-founder William Shihara expressed excitement about earning a regulated dollar return on Bitcoin, while CEO Stephen Stonberg highlighted the new source of insurance capital that Bitcoin provides. Tabit, a Bitcoin-backed insurer, obtained a Class 2 license from Barbados’ Financial Services Commission in January. The discussion surrounding cryptocurrency and insurance has mostly focused on aiding users in recovering financial losses and utilizing blockchain technology to enhance transparency in the industry. According to a report by Boston Consulting Group, the intersection of blockchain and insurance could present a $37 billion opportunity by 2030. There is a growing industry dedicated to connecting insurance brokers and underwriters with digital asset capital providers, with companies like Nayms and Ensuro facilitating these connections. Ensuro, for example, offers over 12,000 active policies with APYs reaching up to 22%.