Weekly Review: Notable Regulatory Achievements Amidst Market Slowdown

The past week saw a decline in both cryptocurrency and traditional markets, with bitcoin dropping below $80,000 on March 10 and Ethereum falling to $1,821 on the same day, dispelling hopes of a 'Trump Bump.' The new administration's tariff policies sparked recession fears, affecting crypto markets as well. Despite this, significant progress was made in the digital asset space, which our reporters covered extensively. Notable developments include BlackRock's BUIDL fund surpassing $1 billion and tokenized treasuries reaching $4.2 billion, as reported by Kris Sandor. MoonPay, a payment aggregator, made a strategic acquisition of a stablecoin, according to Will Canny. Ripple secured a payments license in the UAE, while OKX obtained a license to operate in Europe. Coinbase announced plans to introduce 24/7 futures trading in the U.S., as reported by Helene Braun. On the regulatory front, the U.S. House voted to overturn the IRS's controversial 'broker rule,' a significant win for DeFi operators. A Senate committee also voted to advance the GENIUS stablecoin bill, paving the way for probable approval. The Trump family remained in the spotlight, with World Liberty Financial completing a $590 million token sale, assisted by Justin Sun. The Wall Street Journal reported that a Trump family representative explored acquiring a stake in Binance.US through World Liberty Financial. Our Asia team examined the latest draft of the GENIUS act, which aims to divide stablecoin regulation between state and federal authorities. Parikshit Mishra reported on Coinbase's return to India after a two-year absence, sparking discussions about the future of crypto in the country. Shaurya Malwa provided in-depth coverage of Ripple and the implications of over-leveraging in the crypto market, including Hyperliquid's $4 million loss due to a massive leveraged trade in Ethereum. Market expert Omkar Godbole published a timely piece on bitcoin's bullish signal ahead of the U.S. CPI report and was among the first to note how Eric Trump's crypto tweets might disappoint short-term traders. Tom Carreras featured Bitdeer, a Singapore-based miner aiming to disrupt the mining machine market. While the markets may have been slow, our reporters remained dedicated to covering the most important developments.