Crypto World
XRP gains momentum as Arizona moves to add it to state crypto reserve
- XRP has held strong near $1.40 despite mixed market signals.
- Key resistance levels to watch are $1.50, $1.54, and $1.91.
- Arizona has proposed to include XRP in a state-managed crypto reserve fund.
XRP cryptocurrency has held steady above $1.40, showing resilience despite a broadly cautious market.
Recent developments in US policy have added a fresh layer of optimism for XRP enthusiasts.
Arizona advances bill to include XRP in state reserve
Arizona lawmakers are moving forward with legislation that could formally include XRP in a state-managed digital assets fund.
The proposal seeks to create a strategic reserve for digital currencies obtained through seizures or confiscations.
XRP, alongside Bitcoin (BTC), is explicitly listed as an eligible asset.
🚨BREAKING: ARIZONA ADVANCES BILL TO ADD XRP TO OFFICIAL STATE DIGITAL ASSET RESERVE 🇺🇸🔥
Arizona’s Digital Assets Strategic Reserve Fund bill (SB1649) just CLEARED the Senate Finance Committee in a 4–2 vote — and it explicitly includes $XRP in the RESERVE. 👀
The bill now… pic.twitter.com/2x8uVH6LXD
— Diana (@InvestWithD) February 17, 2026
The bill recently passed a key Senate committee in a 4-2 vote, marking a significant step forward.
If enacted, the fund would be managed by the state treasurer with strict custodial oversight.
This move would make Arizona one of the first US states to formally reference XRP in a government financial framework.
For XRP holders, this development is largely symbolic.
The state would not be directly purchasing XRP with taxpayer money, but inclusion in the reserve adds credibility.
It reinforces XRP’s reputation as a functional and settlement-oriented digital asset rather than just a speculative token.
Market activity signals caution
XRP’s short-term price action has been mixed.
The coin is supported around $1.40 to $1.44, creating a key floor that traders are watching closely.
Exchange outflows suggest accumulation by larger holders, while smaller whales have added to their balances, hinting at potential upward pressure.
Technical indicators show both bullish and bearish signals.
Momentum oscillators suggest limited buying activity in the short term, but longer-term smart money metrics point to possible gains.
Patterns on the charts indicate that a break below $1.42 could trigger a short-term pullback toward $1.12.
At the same time, if support holds, traders could see upside targets near $1.91 and $2.13.
XRP has been rangebound for the past month, but the combination of policy developments and structural market accumulation could push it higher.
XRP price prediction
Policy developments in Arizona, combined with accumulation patterns and technical support, may give XRP the momentum it needs to challenge its next resistance levels.
Traders should watch the $1.40–$1.44 support zone closely.
A strong hold here could set the stage for a breakout.
The resistance levels to monitor are $1.50 and $1.54 in the near term.
Beyond that, the next targets are $1.67 and $1.91.
These levels align with smart money accumulation and historical trading ranges.
A sustained move above $2.00 could signal a return of broader bullish sentiment.
Overall, XRP’s price is poised in a delicate balance.
Short-term caution is warranted, but medium-term prospects look promising.
Binance has rolled out four new AI agent Skills for USD‑margined futures, margin trading, Alpha market data, and asset management, wiring automated strategies deeper into its stack.
Summary
- The new Skills cover USD‑margined derivatives, margin trading, Binance Alpha market data, and core asset management, extending an initial batch of agent tools.
- Binance Alpha lets agents pull listings, exchange info, candlesticks, aggregated flows, and 24‑hour stats via official APIs without keys, feeding real‑time strategies.
- Margin and asset Skills let agents toggle cross/isolated, adjust leverage, manage collateral, and handle deposits, withdrawals, and KYC‑sensitive flows inside compliance rails.
Binance has rolled out four new AI agent Skills designed to plug automated trading and asset management directly into its exchange stack, significantly expanding the platform’s AI-driven trading toolkit.
According to a recent announcement, Binance’s new AI agent Skills cover USD-margined derivatives trading, margin trading, Binance Alpha market data access, and core asset management functions. The update builds on an initial set of eight Skills and is aimed at letting AI agents handle everything from market scanning to order execution and account operations through standardized APIs.
The Binance Alpha Skill gives agents direct access to token listings, exchange information, candlestick charts, aggregated trading data, and 24‑hour price statistics via the official API, without requiring API keys, enabling real-time strategy feeds and monitoring. On the trading side, the USD‑margined futures Skill exposes more than 70 interfaces, spanning order book and funding data, placing, canceling, and modifying orders, leverage and position mode management, plus algorithmic orders on both mainnet and testnet with additional security confirmations for live trading.
Margin and asset management go programmatic
The margin trading Skill allows agents to switch between cross and isolated margin, borrow and repay, submit advanced order types such as OCO/OTO/OTOCO, and adjust leverage up to 10x while tracking collateral ratios, interest rates, and liquidation records. It also integrates small-debt conversion and low-latency API key management, giving systematic traders a tighter loop between risk, funding, and execution.
The asset management Skill ties into account-level operations, covering deposits and withdrawals, spot and fund account balances, fee structures, BNB burn settings, and coin conversion. Binance says it also supports compliance and KYC questionnaires for jurisdictions that require additional checks on fiat and crypto flows, effectively letting AI agents operate within local regulatory constraints while managing funds. For quant firms, copy-trading shops, and retail power-users, the move pushes Binance closer to an AI-native execution venue where strategy logic and exchange infrastructure are tightly integrated.
With fears growing over the economic impact of surging oil costs, U.S. Treasury Secretary Scott Bessent said Thursday evening that the Trump administration is taking steps to promote stability and lower energy prices.
“To increase the global reach of existing supply, the U.S. Treasury is providing a temporary authorization to permit countries to purchase Russian oil currently stranded at sea,” said Bessent in an X post.
“The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation and economy in the long-term,” added Bessent, suggesting market fears about the rise in oil prices were overblown.
Indeed, oil rose nearly 10% to nearly $100 per barrel on Thursday, helping to send the already slumping U.S. stock market to sharp losses.
Bitcoin , which was able to hold the $70,000 level throughout most of the day, has jumped to just below $72,000 in the minutes following the Bessent post, now higher by 2.2% over the past 24 hours.
WTI crude oil has pulled back about $2 per barrel, currently trading at $95.22.
As perpetual futures positions shrink to just 11% of USDe’s backing, the protocol argues its unstaking delay no longer reflects the liquidity available to meet redemptions.
Ethena Labs has put forward a governance proposal to replace the synthetic dollar protocol’s static 7-day sUSDe unstaking cooldown with a dynamic model that adjusts based on the composition of USDe’s backing assets.
The proposed framework would introduce cooldown periods of 1, 3, 5, or 7 days, depending on how USDe’s reserves are allocated at any given time.
The timing is notable. Ethena’s deployed capital has fallen to just $791 million, a decline of over 85% from its all-time high. The contraction reflects broader risk-off market conditions, with bulls and bears now nearly evenly matched in the derivatives market, an unusual condition that has made the basis trade far less profitable.
That collapse in demand for long leverage is what makes this cooldown proposal viable. The authors note that at the start of 2025, roughly 93% of USDe’s backing was in perpetual futures positions, making the 7-day window a reasonable safeguard. Today, perpetual futures account for just 11% of backing, with 89% now held in liquid stablecoins and lending positions that are currently outperforming funding rates.
USDe’s market cap fell sharply following the October 10 crash, losing over $5 billion as investors rushed to redeem. The episode served as a major stress test, and the protocol’s ability to meet redemptions during that period is cited in a Blockworks Advisory analysis on the forum as evidence that the system performs well under pressure.
The proposal also includes safeguards to prevent the shorter cooldown from creating problems during sudden stress events. If daily unstaking requests exceed twice the 14-day rolling average while 3-day coverage simultaneously falls below 1.5x, the cooldown automatically extends by one day.
In short, with the protocol now sitting on a much more liquid reserve base, the argument is that locking users into a week-long wait no longer matches reality.
The protocol’s ENA token was mostly unchanged on the news, trading at around $0.10, or a $900 million market capitalization, according to Coingecko. However, it’s already down more than 50% this year.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Crypto World
DeepSnitch AI 300% Bonus Makes All Hurry up With Only Few Days Left in the Presale; Other AI Coins Like RENDER and ICP Are Worth Checking, Too
Moonshots in crypto don’t come every day. That’s why the DeepSnitch AI bonus program is making everyone hurry up, since there are only a few days left to take advantage of this incredible opportunity.
DeepSnitch AI is the most advanced AI implementation in the crypto industry nowadays; one that will very likely undergo a 100x price acceleration. And the fact that the crypto presale is ending soon, on March 31, is generating a lot of frenzy.
Oracle jumps 13% as AI demand remains strong
The fact that DeepSnitch AI’s bonus program is making so many people hurry up isn’t only about the fact that there few days left until launch. It also has to do with the times we are living in crypto and financial markets in general, a time where AI is clearly controlling the narrative.
This was reflected in Oracle’s impressive gains of +13.72% on March 11, after its quarterly report showed substantial revenues due to an AI demand that remains strong and growing. This AI demand isn’t only for new AI models, but probably even more for innovative AI applications and infrastructure solutions.
The following section presents a few of those.
AI coins to thrive in 2026
1. DeepSnitch AI (DSNT)
DeepSnitch AI bonus program is making many people hurry up because there are only a few days left to take part in the presale. And given DeepSnitch AI’s unique combination of sophisticated product with massive market adoption, this is clearly the presale of the year, if not of the decade.
The project has developed a system of AI agents that work as a sort of “investment brain”. They execute specific tasks, but work together in total synergy. As a result, they radically improve DYOR (do-your-own-research) processes and crypto investing for any crypto holder around the world. That’s a market estimated at more than 600 million people.
In business terms, this product/market combination is a recipe for explosive growth. This is already reflected in the presale’s impressive numbers: more than $2 million raised in just 6 stages, despite a still low entry price of $0.04399 (which creates huge upside for price increase).
And there is more. A limited-time crypto bonus program is in place, where bonuses of different sizes are given according to the amount of DSNTs purchased. The largest of them is a 300% bonus for a $30k investment. That means a 400x return for a 100x price increase that is now considered a baseline scenario.
No wonder that DeepSnitch AI’s 300% bonus is making many hurry up, given that there are only a few days left for this moonshot.
As the final days of this token presale are passing fast, it’s time to move faster, and invest before this unique opportunity is gone.
2. Render (RENDER)
Render has had a remarkable performance in the last few days. From a $1.34 price on Mar. 6, it rose to $1.57 on Mar. 11, a 5-day 17% gain. The peaks of this soaring trend took place on March 10 and 11, precisely around the time that Oracle was releasing its latest quarterly earnings.
This latest AI push is also helping DeepSnitch AI, at a time when its bonus program is making everyone hurry up, given that there are only a few days left in the presale.
3. Internet Computer (ICP)
As previously mentioned, DeepSnitch AI 300% bonus is a reason to hurry up, with only a few days left until the launch. But another reason to rush is the fact that many AI coins are spiking in March. One of them is ICP.
On Feb. 24, ICP was priced at $2.02. A couple of weeks later, on Mar. 11, it had soared to $2.84. That is a gain of more than 40% that is an example of the ongoing rotation towards AI coins. Since this momentum isn’t giving signs of fading, it is still a good time to bet on ICP.
Conclusion
The DeepSnitch AI bonus program is making a lot of investors hurry up, given that there are only a few days left until the presale ends. This is a once-in-a-lifetime opportunity for exponential returns that is closing very fast.
Only those who invest now and take advantage of the bonuses (30% code: DSNTVIP30, 50% code: DSNTVIP50, 150% code: DSNTVIP150, 300% code: DSNTVIP300) will enjoy outsized growth this year.
Visit the official website to buy into the DeepSnitch AI presale now, and visit X and Telegram for the latest community updates.
FAQs
Why should I rush to buy DeepSnitch AI now?
DeepSnitch AI bonus of 300% is a strong reason to hurry up, since there are only a few days left to take advantage of this unique opportunity. But it isn’t just about the bonus, it’s about the extraordinary growth potential.
What drives DeepSnitch AI’s growth potential
The answer is DeepSnitch AI’s huge target market. With only capturing a tiny fraction of this market, DSNT’s price would sharply spike.
How much of the target market would cause a 100x spike?
The baseline forecast estimates that when DeepSnitch AI reaches 1.45 million users, DSNT will be priced at around $4.5. That is more than 100x its current price.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Cryptio, an accounting and data platform focused on regulated digital assets, has raised $45 million in a Series B funding round, highlighting growing demand for tools that help financial institutions reconcile and report blockchain-based transactions within traditional accounting systems.
The round was co-led by venture firms BlackFin Capital Partners and Sentinel Global, with participation from 1kx, BlueYard Capital, Alven and Ledger Cathay Capital.
Cryptio develops software that helps companies reconcile activity across wallets, custodians and exchanges, translating blockchain transaction data into accounting records used for financial reporting, audits and compliance.
The company says it serves more than 400 enterprise clients and has processed over $3 trillion in transaction volume. Its clients include crypto companies such as Circle, Gemini and Securitize, as well as traditional financial institutions, including Société Générale’s SG-Forge.
Several other companies operate in the same niche as Cryptio, highlighting the emergence of a small but growing market for crypto accounting and financial reporting infrastructure. Companies such as Lukka, TaxBit, Bitwave and CoinLedger offer software that helps businesses reconcile blockchain transactions and convert them into records used for tax reporting, audits and regulatory compliance.
Related: Amid crypto VC shakeout, Dragonfly closes $650M fund with focus on real-world assets
Demand for tokenized finance infrastructure continues to grow
Cryptio’s growth is also being fueled by rising institutional interest in tokenized assets, which require accounting systems capable of recording and reconciling blockchain-based financial activity.
Sidra Pervez, senior vice president at tokenization firm Securitize, said maintaining accurate financial records across capital markets is becoming more important as traditional finance expands into tokenized securities.
Loic Fonteneau, managing director at BlackFin Capital Partners, said “digital assets are becoming embedded within regulated financial markets,” which requires “institutional-grade infrastructure” to support accounting, tokenized asset reporting and lending.
Major financial institutions are increasingly participating in tokenization, with the likes of HSBC, BNP Paribas and Goldman Sachs backing the tokenization-focused Canton Foundation. The industry group supports the development and governance of the Canton Network, a blockchain designed for regulated financial markets.
In January, State Street announced the rollout of a new crypto tokenization tool to help clients create tokenized money market funds, exchange-traded funds and tokenized deposits.
While estimates vary, industry data shows that the total value of tokenized real-world assets, excluding stablecoins, has surpassed $26 billion, with much of the demand coming from private credit and US Treasurys-backed funds.
Other fast-growing segments include tokenized money market funds — blockchain-based versions of traditional funds that invest in short-term government debt and other low-risk securities.
A key technical metric measuring Bitcoin’s value is at its lowest level since the bear market in 2022.
Bitcoin’s MVRV (Market Value to Realized Value) data, which indicates how overvalued or undervalued the asset is relative to its normal “zero-sum game,” is at the same level as late 2022, right after the FTX collapse, Santiment reported on Thursday.
When the 365-day MVRV was oversold and severely negative following the FTX collapse, Bitcoin prices climbed 67% in the following three months, it added.
“This is typical when average returns are significantly below the average value for what is historically expected,” it stated.
However, macroeconomic news and “polarized opinions about Strategy’s aggressive accumulation” have been changing the landscape of cryptocurrency, noted the analysts who concluded that a big move may be ahead.
“When this powerful indicator reveals a divergence we haven’t seen in over 3 years, pay attention.”
A 67% gain from current prices would send BTC back to $116,000, but that is highly unlikely in the current bear market. In fact, analysts believe that there will be months of consolidation before a potential major move in the price.
Early Signs of Stabilization
Glassnode also leaned slightly bullish in its weekly on-chain report, stating “Bitcoin is showing early signs of stabilisation as ETF inflows return and spot demand recovers.”
BTC has been consolidating between $63,000 and $72,500 for over a month, repeatedly failing to hold above $70,000, it noted, adding that the price is sitting between two key levels: the Realized Price at $54,400 as support and the “True Market Mean” which is serving as resistance at $78,400.
There are also some stabilizing signals, including positive inflows for US spot Bitcoin ETFs, spot market buyers beginning to absorb selling pressure, perpetual futures funding turning negative, and options market implied volatility easing, suggesting reduced immediate fear.
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“The market appears to be shifting from forced deleveraging toward early stabilisation, with scope for recovery if spot demand continues to build.”
Resilient in the Face of War
Bitcoin is showing early signs of stabilisation as ETF inflows return and spot demand recovers. Negative funding points to crowded shorts, while options vol is easing.
Read the full Week On-Chain👇https://t.co/jPJp9MbNJp pic.twitter.com/jUHoVhTjXo
— glassnode (@glassnode) March 11, 2026
Crypto Market Outlook
Total market capitalization is flat on the day, at the same level as this time yesterday, $2.45 trillion.
Bitcoin topped $71,000 again in late trading in the US, but tanked in the morning Asian session back to $69,400, mirroring yesterday’s trading pattern.
Ether prices are largely unchanged, hovering just above $2,000, while the altcoins remain dormant.
“Crypto sentiment remains weak, and trading volumes are near their lows,” reported 10x Research on Thursday.
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A crypto user lost roughly $50 million in a single transaction on Thursday after executing a large token swap that triggered massive slippage.
Blockchain data shows that the wallet attempted to swap $50,432,688 aEthUSDT – an interest-bearing token representing Tether’s USDT stablecoin deposited into the Aave decentralized lending protocol on the Ethereum network – for aEthAAVE – similar version of Aave governance tokens – through the CoW Protocol.
The transaction executed with more than 99% slippage due to thin liquidity in the relevant trading pools, leaving the wallet with only about 327 aEthAAVE tokens, worth roughly $36,000 after the trade. The difference of the value was quickly captured by arbitrage traders and network intermediaries.
Large losses caused by slippage occasionally occur in decentralized finance (DeFi) when traders attempt to execute unusually large orders against shallow liquidity pools. In such cases, automated arbitrage systems rapidly exploit the price dislocations created by the trade.
Stani Kulechov, founder of the Aave protocol, said the trade went through despite multiple warnings presented to the user before confirming the transaction.
“Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface,” Kulechov said in an X post. “Given the unusually large size of the single order, the interface warned the user about extraordinary slippage and required confirmation via a checkbox.”
According to Kulechov, the user accepted the warning on their mobile device and proceeded with the trade, explicitly acknowledging the risk of high slippage.
“The transaction could not be moved forward without the user explicitly accepting the risk,” he said, adding that the CoW Swap routers functioned as intended and followed standard industry practices.
Still, the outcome was “clearly far from optimal,” Kulechov said.
Kulechov said Aave plans to contact the affected user and return roughly $600,000 in fees collected from the transaction.
The loss comes just few days after about $27 million was liquidated on Aave, in what some market participants say may have been caused by a temporary pricing issue involving the token wstETH.
Regulatory dynamics in Washington are once again taking center stage for crypto markets. Senate Majority Leader John Thune indicated he does not expect the chamber to advance digital asset market structure legislation before April, shifting focus instead to partisan and bipartisan priorities that could influence how crypto is overseen in the years ahead. The development underscores a persistent theme: while lawmakers talk about bringing clarity to the sector, procedural hurdles and competing political priorities are likely to dictate the pace of progress. In the near term, Thune signaled that the SAVE America Act, a voter-ID proposal, would move first, with the market-structure bill following afterward as part of a broader legislative agenda.
Thune’s remarks, reported by Punchbowl News, frame a timetable in which a separate, widely watched market structure bill—often discussed under the CLARITY Act umbrella in various forms—may not reach a floor vote until at least the April window. The senator said the bill could emerge from the Banking Committee soon, but a concrete floor timetable remained unclear. The discrepancy with alternative expectations from other lawmakers reflects the Senate’s broader struggle to reconcile diverse viewpoints on how digital assets should be regulated, how tokenized securities and stablecoins should be treated, and what kind of ethics standards should govern market participants.
The dynamic is complicated by competing political statements within the Senate. Ohio Senator Bernie Moreno, for instance, had suggested in February that market structure could advance in April, contrasting with Thune’s more cautious timeline. The Senate Agriculture Committee has moved its parallel version of the bill forward, but a crucial January markup — a procedural step needed to assemble the legislation for a floor vote — faced delays in the Senate Banking Committee. The result is a foggy path to a unified framework that can command bipartisan support and clear regulatory authority for the key markets and products involved.
In parallel with the market-structure debate, the Senate took up a housing bill amendment aimed at halting a central bank digital currency (CBDC). If the provision passes and becomes law, the CBDC prohibition would be active through December 2030. The amendment’s inclusion in the 21st Century Road to Housing Act has underscored how digital currency policy can intersect with broader economic policy, potentially affecting how central-bank innovations are evaluated and deployed. The CBDC ban is a notable flashpoint, illustrating the high-stakes nature of regulatory choices around digital currencies and the Fed’s potential role in a future payments landscape.
What’s at stake in the market structure bill?
The market structure bill has long been framed as a way to grant the U.S. Commodity Futures Trading Commission (CFTC) broader oversight over digital assets, derivatives, and related markets. Its supporters argue that a clear regulatory framework would reduce ambiguity and improve investor protections, while critics warn of overreach that could hinder innovation and create compliance costs for startups and incumbents alike. In committee discussions, questions have centered on tokenized equities, ethics provisions, and stablecoin yield, all areas where lawmakers have expressed concerns about consumer protections, market fairness, and operational risk.
President Trump recently accused banks of holding the bill hostage, signaling that the interplay between industry stakeholders and policymakers remains volatile. The White House has hosted three meetings between crypto and banking representatives, but as of the latest reports, there was no consensus to move the market-structure package forward. The tension between executive priorities and congressional schedules has helped keep the sector’s regulatory outlook in a state of flux, with market participants watching for any sign of a breakthrough or a further stalemate.
The debate also touches on the broader question of how the United States should balance innovation with oversight. Industry participants have argued for a framework that supports responsible growth and investor protection, including clearer definitions of digital assets, guidance on tokenization, and robust safeguards around stablecoins. Lawmakers, meanwhile, are weighing how to tailor regulatory authority across agencies and how to harmonize federal standards with state-level initiatives. The CLARITY Act, which previously cleared the House in July, remains a reference point in discussions about a comprehensive regime, even as Senate negotiators press for amendments that satisfy both sides.
Why it matters
For crypto users and investors, the Senate’s pace on market structure legislation translates into a longer horizon for regulatory clarity. A clear, well-structured framework can reduce execution risk, improve market integrity, and help traditional financial institutions weigh crypto exposure with more confidence. Conversely, further delays or a lack of consensus could perpetuate a climate of regulatory ambiguity, potentially dampening liquidity as market participants delay product launches, listings, or innovative offerings until a stable path forward emerges. The CBDC debate adds another layer of strategic risk, given the potential implications for how digital currencies could coexist with private-sector options and decentralized finance ecosystems.
Beyond traders and exchanges, the outcome will influence builders—startups, liquidity providers, and infrastructure developers—who rely on predictable, transparent rules to design and deploy products. A mature policy framework could spur experimentation in areas such as tokenized assets, cross-border settlement, and compliant custody solutions, while a protracted deadlock might incentivize players to relocate parts of their operations to more certain regulatory environments. For policymakers, the challenge is to craft rules that protect consumers and investors without stifling innovation or driving capital offshore. The current debate underscores the extent to which digital asset markets have become a partisan issue, even as they attract bipartisan attention due to consumer demand, market dynamics, and competitive considerations in a rapidly evolving financial landscape.
What to watch next
- Next week: the SAVE America Act advances to the floor, potentially shifting parliamentary attention away from market structure temporarily.
- February–April window: the Banking Committee’s markups and the timing of a formal clause-by-clause path for the market structure bill remain uncertain.
- CBDC-related provisions: tracking whether amendments to the housing bill gain support and whether the CBDC prohibition remains in force through 2030.
- Committee dynamics: observers will monitor whether tokenization, ethics standards, and stablecoins gain clearer language in subsequent drafts.
Sources & verification
- Punchbowl News: Report on Thune’s comments and the scheduling of the SAVE America Act and market structure bill (https://punchbowl.news/article/finance/economy/housing-bill-drama/).
- CNBC: Article on Trump and the SAVE America Act and Senate discussions (https://www.cnbc.com/2026/03/12/trump-save-america-act-senate-2026-elections.html).
- Cointelegraph: Discussion of the Crypto US Clarity Act andBernie Moreno’s stance (https://cointelegraph.com/news/crypto-us-clarity-act-coinbase-brian-armstrong-bernie-moreno).
- Cointelegraph: Report on the CBDC ban amendment and its housing-bill context (https://cointelegraph.com/news/us-senate-votes-cbdc-ban-amendment).
Market reaction and key details
The stalled momentum around a comprehensive crypto market-structure package reflects a broader liquidity and risk sentiment environment shaped by regulatory uncertainty. While there is bipartisan interest in providing clarity for digital assets, the pathway remains obstructed by deeply held views on how to address tokenized equities, stablecoins, and governance ethics. The Senate’s focus on the SAVE America Act signals a prioritization of voter policy matters that can affect election dynamics and, by extension, fiscal and regulatory discourse around crypto. With the House’s CLARITY Act version already cleared in the prior session, senators are weighing how to reconcile differences that can affect enforcement, investor protections, and the scope of oversight for automated trading and derivatives markets tied to digital assets.
As the White House hosts meetings between crypto and banking representatives, the absence of a final accord demonstrates the complexity of achieving cross-cutting reforms that satisfy diverse stakeholders—from consumer advocates to financial incumbents. In practical terms, a protracted process could keep certain crypto products in a regulatory limbo, delaying new product launches or exchange listings that hinge on definitive compliance standards. However, even amid delays, the policy conversation remains a catalyst for price discovery, risk assessment, and strategic planning within the broader crypto ecosystem, where participants continuously weigh regulatory signals against market fundamentals.
In the background, the CBDC amendment to the housing bill adds a distinct dimension to policy debates: it embodies the current administration’s stance on central bank money and its potential implications for competition, financial stability, and monetary policy. Should the amendment persist through legislative scrutiny, it would send a clear message about the boundaries of central-bank digital currencies in the United States, at least through the 2030 horizon, while leaving room for private-sector innovation in digital payments. The evolving picture invites market participants to monitor not only committee votes and floor debates but also executive-branch messaging and regulatory posture as the year advances.
What to watch next
- Tracking the SAVE America Act’s progress in the Senate and any scheduling moves that could affect the crypto market-structure debate.
- Updates on the Banking Committee’s markup timeline for market structure legislation and whether a compromise emerges before April.
- Signals on CBDC-related amendments within the housing bill and potential implications for digital currency policy.
The TradFi giant’s iShares Staked Ethereum Trust ETF is its first yield-bearing exchange-traded product.
BlackRock today debuted the iShares Staked Ethereum Trust ETF (Nasdaq: ETHB) — the firm’s first crypto exchange-traded fund to incorporate staking and its third spot crypto ETF overall.
In a press release from BlackRock today, March 12, the world’s largest asset manager, with $14 trillion in AUM, said that ETHB will stake “a portion of its ether holdings.” Per the asset manager’s dedicated webpage for the fund, Coinbase Prime will provide ETH custody — and presumably staking services.
The Defiant first reported when BlackRock registered its staked Ethereum ETF last November, which came about four months after the U.S. Securities and Exchange Commission (SEC) acknowledged BlackRock’s filing to permit staking in its Ethereum ETFs.
ETHB is BlackRock’s first yield-bearing ETF, though it’s not first to market among staked ETH funds in the U.S. REX-Osprey launched ESK — the first U.S. staked ETH ETF, under the 1940 Act — in September 2025, and Grayscale enabled staking on its ETH and SOL products in October, as The Defiant reported.
The broader push dates back to March of last year, when Cboe proposed adding staking to existing Ethereum ETFs.
BlackRock is the dominant crypto ETF issuer by net assets across both its spot ETH and BTC ETFs. The firm’s spot Ethereum ETF, ETHA, holds just under $6.6 billion in net assets as of March 11, per data from SoSoValue. That represents more than 50% of the U.S. Ethereum ETF market, which currently stands at $11.85 billion.
Among spot Bitcoin ETFs, BlackRock’s IBIT commands over $55 billion — also well over half of the $90.89 billion in total net assets across all spot BTC ETFs trading in the U.S., per SoSoValue.
After a multi-day net outflow streak, Ethereum ETFs saw net inflows over the past two trading days, recording over $57 million in inflows yesterday, March 11.
Meanwhile, today, spot ETH is trading just over $2,060 at publishing time, per data from The Defiant’s price tracker.
Despite ETH stagnating in a tight range in recent months, the amount of ETH staked on the network continues to break new highs, reaching over 37.6 million ETH as of March 11.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Executives at Coinbase have denied allegations that the crypto exchange is blocking a de minimis tax exemption for Bitcoin (BTC) transactions below a certain threshold to push for stablecoin tax exemptions.
Several Bitcoin advocates speculated on social media that the exchange told US lawmakers that a BTC tax exemption is not needed because BTC is not widely used as a medium of exchange.
Coinbase CEO Brian Armstrong responded by calling the allegations “totally false” and a form of misinformation.
“I’ve spent a bunch of time lobbying for Bitcoin’s de minimis tax exemption, and will continue doing so. It’s obviously the right thing,” he said.
In separate posts, Paul Grewal, chief legal officer at Coinbase, said, “We’ve never lobbied against BTC,” while Faryar Shirzad, the crypto exchange’s chief policy officer, echoed the statement.
Cointelegraph reached out to Coinbase, but the company declined to comment beyond the responses made by its executives.
Tax policy is one of the main impediments to Bitcoin’s use as a payment method, according to advocates for the biggest crypto, as every sale or transfer would trigger a taxable event, prohibiting its use as an electronic cash system.
Related: Wyoming Senator revives crypto tax exemption debate amid market structure talks
BTC advocates and pro-crypto lawmakers push for BTC tax exemption
In July 2025, US Senator Cynthia Lummis introduced a bill proposing a de minimis tax exemption for cryptocurrency transactions of $300 or less, with a $5,000 annual exemption cap.
However, the bill failed to gain traction, and the de minimis exemption for BTC transactions is not included in the CLARITY Act draft legislation, according to advocacy group the Bitcoin Policy Institute.
Instead, the tax exemption will apply only to US dollar-pegged stablecoins, according to Conner Brown, the managing director for the Bitcoin Policy Institute.
Washington, DC-based crypto advocacy group Blockchain Association also outlined a crypto tax proposal and submitted the plan to US lawmakers in February.
The proposal called for exemptions on “low-dollar” crypto transactions, but did not specify a dollar amount.
“A meaningful de minimis exemption for digital asset transactions would eliminate disproportionately onerous reporting for individual taxpayers,” the proposal said.
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