Good Morning,

Here's a quick preview of today’s content: A new bill was introduced to add 1M BTC to U.S. reserves, Robinhood crypto trading slows down, Mesh raises massive series round, Holesky testnet finally reaches finality after many issues, OKX is being watched by the EU for potential Bybit activity, and much more below.

Is the real 🐂 bull run starting ⁉ Happy Wednesday, let’s dive in.

Market Snapshot

As of 3/11/2025. Data per CoinMarketCap.

  • Bitcoin dropped to a 4-month low of $76K before rebounding, while Ethereum hit a 16-month low, underperforming again

    • Liquidations totaled $1.1B, with a major ETH liquidation at $1,127.

  • The Fear & Greed Index plunged to 14 at one point during the day, its lowest since 2022. Meanwhile, the stablecoin market cap reached a new all-time high.

  • Trump plans to sign an executive order to end Operation Checkpoint 2.0

Headline Roundup
The major headlines driving crypto markets

  • Cboe BZX files proposals with SEC to incorporate staking into Fidelity and Franklin Ethereum ETFs (TD)

  • Sen. Cynthia Lummis introduces bill to authorize U.S. government purchase of one million additional Bitcoin (DC)

  • SEC accepts HBAR ETF application submitted by Grayscale (AI)

  • Franklin Templeton joins XRP ETF race by filing S-1 (CB)

  • VanEck registers Avalanche ETF in Delaware as altcoin-based products gain interest (CD)

  • Ark Invest purchases 64,358 Coinbase shares worth $11.5M amid COIN's 17.6% drop (TB)

  • CleanSpark to join S&P SmallCap 600 index on March 24 (CD)

  • Deutsche Boerse's Clearstream to offer cryptocurrency custody and settlement services for institutions in 2025 (CT)

  • Cantor Fitzgerald selects Anchorage Digital and Copper.co for digital asset custody services (TB)

  • Robinhood's crypto trading volumes drop 29% in February amid retail trader decline (CD)

  • Bitcoin held by Mt. Gox moves again, signaling potential resumption of creditor payouts (CD)

  • Offchain Labs announces strategic purchase plan to add ARB token to its treasury (TB)

  • StarkWare establishes Strategic Bitcoin Reserve to unify Bitcoin and Ethereum, with plans for DeFi integration on Starknet (BL)

  • Circle launches upgraded Cross-Chain Transfer Protocol (CCTP V2), reducing transaction times to seconds (CD)

  • Unichain is the fastest-growing Ethereum Layer 2 blockchain over the past 30 days (TD)

  • Braiins reaches milestone with over 1,000 daily payouts on the Lightning Network (BM)

  • Ether whale moves millions in ETH to Kraken, sparking market attention (CD)

  • Ethereum testnet Holesky achieves finality ahead of Pectra upgrade (DC)

M&A Announcements

  • Sol Strategies acquires Solana validator Laine, nearly doubling its staked SOL holdings (BW)

Launches

  • Bitwise launches Bitwise Bitcoin Standard Corporations ETF (OWNB) to track companies holding 1,000 BTC or more (CD)

  • Tokenized Coinbase stock officially launches on Ethereum chain, Base (X)

  • FIFA president Infantino proposes launching a $FIFA coin ahead of 2026 World Cup (IWF)

  • Bitcoin Ordinals project Taproot Wizards announce NFT collection mint details (CD)

Venture Capital

  • Crypto payments network Mesh raises $82 in Series B funding round led by Paradigm (PW)

  • Axelar Foundation discloses $30M in strategic AXL token sales (TB)

  • Voltix secures $10M of funding from BLCK Labs (AN)

  • MYX Finance completes $5M strategic financing round from Hashkey Capital, D11 Labs, and other notable investors (PA)

  • Anagram Ventures leads $3M investment into Solana staking infrastructure startup, Rakurai (PRN)

  • Arda raises $3M pre-seed round from Lightshift Capital for real estate tokenization (CT)

  • SogniAI, a decentralized creative AI platform, completes $3M raise co-led by Comma3 Ventures and Republic Ventures (CC)

  • Lagom Chain raises $200k at $4M valuation from Singh Coin (FS)

Regulation

  • Coinbase receives approval from India's Financial Intelligence Unit, set to re-enter crypto market (CS)

  • United States SEC rules to postpone 6 crypto ETFs (X)

  • SEC to review proposal expanding exchange definition to exclude entities facilitating crypto transactions (DC)

  • Crypto regulations cost US citizens $2.6B in potential revenue via airdrops (CD)

Cybersecurity

  • California cracks down on crypto fraud, shutting down 26 scam websites tied to $4.6M in losses (BL)

  • National watchdogs from EU scrutinize OKX exchange offering following record Bybit hack (BB)

  • ZKPs look to solve blind signing vulnerabilities, those related to Bybit hack (NB)

Extra Reads

Chart of the Day

Trump’s first year in office saw strong returns. This time around, not so much.

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for constant updates on all things web3, DeFi, and crypto.

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.