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▌EOS announced its name to Vaulta, and will focus on Web3 banking business
EOS Network announced its transformation to Web3 banking business, and the brand will be renamed Vaulta. On the one hand, it will provide blockchain-based services customized for banks; on the other hand, it will provide a wider financial ecosystem, including exSat's Bitcoin banking solutions, blockchain insurance, tokenized real-world assets, etc. The transformation includes token exchanges, which are tentatively scheduled to take place at the end of May. In addition, Vaulta will also set up a banking advisory committee, which is composed of financial and blockchain industry experts, and is committed to bridging the gap between traditional banking and Web3, with members including executives from Systemic Trust, Tetra and ATB Financial. Vaulta plans to retain the EOS network technology infrastructure, including smart contract architecture, decentralized databases and cross-chain connections, as part of the Web3 banking initiative, the platform will be integrated with exSat, a digital banking solution focused on Bitcoin. In addition, Vaulta plans to reach a partnership with Ceffu, Spirit Blockchain and Blockchain Insurance, and is expected to announce a strategic partnership in the coming months.
▌Arkham: Justin Sun pledged $100 million in ETH today
According to Arkham monitoring data, Justin Sun pledged $100 million in Ethereum (ETH) today. Based on current yields, the move is expected to bring him about $3 million in passive income each year.
Trending the press, according to Coingecko data, BTC's latest transaction price is US$83,045.38, with a daily increase and decrease of -1.0%;
ETH's latest transaction price is US$1,941.80, with a daily increase and decrease of +0.9%;
BNB's latest transaction price is US$625.13, with a daily increase and decrease of -1.7%;
SOL's latest transaction price is US$125.89, with an intraday increase and decrease of -0.9%;
DOGE's latest transaction price is US$0.168, with an intraday increase of +2.0%;
XPR's latest transaction price is US$2.3, with an intraday increase of -1.1%.
▌HashKey Capital has obtained a Class 1 license from the Hong Kong Securities and Futures Commission (SFC), and has officially obtained a Class 1 license from the Hong Kong Securities and Futures Commission (SFC), further expanding its business scope and capabilities under the supervision of the Hong Kong Securities and Futures Commission. At present, HashKey Capital holds a Class 9 license that can provide asset management products to retail and institutional investors. The company has recently been approved to provide full management services for virtual assets (VA) investment accounts under the same license. In addition, since May last year, HashKey Capital also holds a Class 4 license, allowing companies to provide investment consulting services for securities and virtual assets. With the acquisition of Class 1 license, HashKey Capital will be able to provide brokerage services to retail and professional investors, and sell and distribute various funds and structured products (including virtual asset-related funds and structured products).
▌White House Officials: The U.S. Stablecoin Act may be submitted to President Trump within two months
Bo, Executive Director of the White House President's Digital Assets Working Group Hines said the U.S. stablecoin regulation bill could be submitted to President Donald Trump within two months. In a speech at the Blockworks Digital Assets Summit, Hines said the market did not fully understand how stablecoin legislation can benefit the U.S. economy and dollar dominance. In addition, he believes that regulating stablecoins may change the historical course of financial markets. The Senate Banking Committee passed the stablecoin regulation bill, the GENIUS Act, on March 13 with 18 votes in favor and 6 votes against. The bill, which has gained bipartisan support and has now paved the way for the entire Senate vote. The bill proposes guidelines for the issuance and regulation of U.S. stablecoins, such as these tokens must be supported by the dollar, insured bank deposits or short-term Treasury bills in a 1:1 ratio. Hines highlighted the bipartisan effort to approve the bill, saying that in Washington, D.C., there are not many issues that will unite the two parties and push the U.S. forward in a comprehensive way like the current crypto industry.
Blockchain application
▌Coinbase launches Verified Pools, built on Uniswap v4
Coinbase announced the launch of Verified Pools. As a way to conduct on-chain transactions and redemption, Verified Pools is built on the Uniswap v4 protocol, designed for retail investors and institutional participants who meet the criteria locations, and integrates its KYC verification system, Coinbase Verifications. The verification pool reduces counterparty risks by integrating identity verification with smart contract transparency while maintaining the openness and efficiency of the on-chain market. Its verification pool is currently open to users in the United States, Singapore, the Netherlands, the British Virgin Islands, Cayman Islands and the Channel Islands.
▌Raydium plans to launch Meme coin issuance platform LaunchLab
Solana ecological decentralized exchange Raydium plans to launch a Meme coin issuance platform "LaunchLab", to compete with Pump.fun. Raydium's "LaunchLab" is essentially a fork of Pump.fun, but with some selective differences. It will take a similar logarithmic binding curve, but also allows third-party user interfaces to set fees and access Raydium's liquidity pool directly. The project has been in development for months, according to reports.
▌Ethereum Foundation: The new test network Hoodi will activate the Pectra network upgrade on March 26
The Ethereum Foundation stated in its official blog that during the activation of the Pectra test network, problems existing in the client's configuration changes in the Ethereum test online deposit contract configuration are exposed. Although the recovery process of the Sepolia network is relatively direct and has been fully restored, the Holesky network has experienced a large number of inactive leaks in the recovery mechanism. The Holesky network has since completed its final confirmation, but it will take about a year for the exiting validator to be completely removed from the validator cluster. While stakers can test deposits, merges, and all other Pectra features, the scale of the exit queue makes it impossible for Holesky to use to test the full validator lifecycle within a reasonable time frame. To solve this problem, a new testnet has been launched: Hoodi. It will activate the Pectra network upgrade on epoch 2048 (Wednesday, March 26, 2025 15:37:12 Beijing time). In the future, staking operators and infrastructure providers should use Hoodi for validator testing. To leave a migrationAfter the time is out, Holesky test network will support it until September 2025. All other Pectra features can be tested on Holesky except for the validator exit. Testnet and its uses summary: Holesky: Verifier and staking provider (expected termination date is September 30, 2025). Client developers will also use Holesky to test Gas limit increase and other protocol stress tests. Sepolia: Application and Tools Developer (expected termination date is September 30, 2026). Hoodi: Verifier and staking provider (expected termination date is September 30, 2028). Planned Sepolia alternative: expected to be launched in March 2026.
Cryptocurrency
▌Coinbase survey: More than 75% of institutional investors plan to increase allocation of crypto assets in 2025
According to a survey jointly released by Coinbase and research institution EY-Parthenon, more than 75% of institutional investors plan to increase allocation of digital assets in 2025, of which 59% of investors said they will invest more than 5% of managed assets in crypto assets or related products. The survey, conducted in January 2025, surveyed more than 350 institutional investors, when Bitcoin prices were breaking through $100,000 and hitting record highs. The survey shows that the main reason why institutional investors increase their allocation of crypto assets is "improving regulatory transparency." In addition, 60% of investors prefer to obtain crypto assets exposure through registration tools such as ETFs. The survey also found that 74% of the surveyed investors held one or more altcoins besides Bitcoin and Ethereum. However, since the investigation was completed, crypto market volatility has intensified, and the price of Bitcoin has recently fallen below $80,000.
▌Cathie Wood: Most Meme coins will eventually become "worthless", and buyers need to be cautious
ARK Investment Management LLC founder and CEO Cathie Wood said in an interview that most so-called Meme coins in the cryptocurrency field may end up being "worthless". She noted that the combination of blockchain technology and artificial intelligence is giving birth to “millions of” Meme coins that “these coins will not be worth too much”, adding that her private fund did not invest in these coins. "If I were to say something to people who bought Meme coins, it was: buyers should be cautious. There is nothing more to learn from than losing money, and they would understand that the Securities and Exchange Commission and other regulators would not do it for this," Wood said.These Meme coins are responsible. "She also said that Meme coins will become a "digital collectible", adding that some of them may "withstanding the test of time" and that Trump-related Meme coins may be one of them. Wood reiterated her optimism about larger and more mature crypto assets. She said that use cases for Bitcoin, Ethereum and Solana are "exploding rapidly" and will play a major role in the future.
▌Bitwise CIO: Still optimistic about DeFi-related tokens, Aptos and Sui are expected to be ETF competitors
Matt Hougan said in a recent interview that despite the current downturn in the cryptocurrency market and many people supporting decentralized finance (DeFi) are moving away from altcoins, Bitwise remains optimistic about tokens related to DeFi. Hougan believes that the DeFi sector is currently “severely undervalued”, noting that Layer-1 blockchain projects like Sui and Aptos “completely meet” the criteria for attracting institutional investors. He mentioned that these projects are led by former Meta stablecoin team members and have “serious teams, serious technology and technological innovations” that are important considerations for Bitwise when choosing funds to hold assets. In addition, Hougan also mentioned that Bitwise has submitted its launch of Aptos this month ETF application, but he did not disclose whether there is any plan to apply for a similar fund for SUI. Nevertheless, he believes that the launch of SUI and APT's ETF in the United States may attract new investments into these altcoins.
▌Exactly Protocol DAO has transferred 1 million EXA tokens to Uphold
Exactly Protocol posted on social media that Exactly Protocol DAO has completed the transfer of 1 million EXA tokens to Uphold as part of EXAIP-21: 500,000 EXA has been transferred to Uphold's market maker wallet. 500,000 EXA will be allocated to Uphold in a linear flow over three years.
▌In February, the on-chain transaction volume of stablecoins reached US$850 billion, with USDC and USDT accounting for more than 87%
The on-chain transaction volume of stablecoins maintained a strong momentum, with an average monthly average for the past four months.The transaction volume is about $800 billion. The number of addresses for transferring stablecoins is also steadily increasing, with the number of single-day addresses in the past week reaching 600,000. USDC and USDT remain the dominant players in this sector, accounting for $740 billion of the total $850 billion transaction volume in February. Ethereum remains the preferred blockchain for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. Although alternative blockchains emerge in an endless stream, this dominance highlights the role of Ethereum as the main settlement layer for digital dollar transactions.
Important economic dynamics
▌Saxo Bank: The ECB will still cut interest rates this year
Saxo Bank's Jacob Falkenkron said that the ECB will still cut interest rates this year, but the fiscal stimulus in Europe may eventually lead to inflation, which will affect interest rate outlook. The planned fiscal stimulus is expected to lead to increased internal demand in Europe, which will increase some inflationary pressure. He said the ECB could cut interest rates up to two times this year. The currency market is currently priced by the European Central Bank cut interest rates twice this year.
▌U.S. stocks opened low and closed low, and all three major indexes fell by more than 1%.
U.S. stocks opened low and closed low, and all three major indexes fell by more than 1%. So far, the Nasdaq has fallen 1.84%, the S&P 500 has fallen 1.28%, and the Dow has fallen 1%.
▌The probability of the Federal Reserve keeping interest rates unchanged in the early morning of tomorrow is 100%
According to CME's "Feder Observation": The probability of the Federal Reserve keeping interest rates unchanged in March is 100%. The probability of maintaining the current interest rate unchanged by May is 82.4%, and the probability of a cumulative interest rate cut of 25 basis points is 17.6%.
▌International gold closed at a new high
Spot gold rose 1.13% to $3,034.42 per ounce, setting a new record high after one trading day. COMEX gold futures rose 1.15% to $3,040.7 per ounce, setting a new record. COMEX silver futures rose 0.97% to $34.64 per ounce.
Golden Encyclopedia
▌What is a cold wallet?
Cold wallet is a cryptocurrency storage method that stays offline and disconnects from the Internet. This setting makesHackers have become more difficult to access funds remotely. Examples include: hardware wallets (such as Ledger, Trezor), paper wallets, isolated computers (devices that have never been connected to the internet).
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