Important news from last night and this morning (March 25-26)

CFTC Chairman: Bringing crypto perpetual futures back to the US is a key focus of the CFTC's innovation policy agenda.

According to Cointelegraph, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that bringing “real” cryptocurrency perpetual futures back to the United States is a key component of the agency’s innovation policy agenda.

The Solana Foundation positions the network as the core infrastructure of the emerging “AI agent internet”.

According to CoinDesk, the Solana Foundation is positioning the network as the core infrastructure of the emerging "AI agent internet." Vibhu Norby, Chief Product Officer of the Solana Foundation, stated that AI is not a single vertical field, but a platform revolution impacting all industries, including the crypto space. Solana has already processed 15 million on-chain AI agent payments, and stablecoins are becoming the default tool for paying for AI computing resources. Norby believes that AI agent payments have the potential to revolutionize the monetization model of the internet, supporting transactions down to the cent and pay-as-you-go, which traditional payment methods cannot handle. Solana's high-performance design gives it an advantage in this new paradigm.

Sky Treasury Inc. (SDEV) holds 2.135 billion SKY tokens, worth approximately $156 million.

According to on-chain analyst Ember, Sky Treasury (SDEV) holds 2.135 billion SKY tokens, worth approximately $156 million, including 31.6 million SKY tokens (approximately $2.31 million) in staking interest. Its average purchase cost for SKY is approximately $0.065. The most recent purchase occurred last night, withdrawing 184 million SKY tokens (approximately $14 million) from Coinbase Prime to the blockchain.

Google has set 2029 as the deadline for quantum cryptography migrations afterward, warning that the quantum threat is rapidly approaching.

According to Cointelegraph, Google has set 2029 as its deadline for its post-quantum cryptography migration, warning that the threat of quantum computing may arrive sooner than expected. Google stated that rapid progress in quantum computing hardware and quantum error correction, along with updated timelines for quantum computers to break current encryption standards, has increased the urgency of the action. This is the first time Google has set a timeline for deploying post-quantum capabilities in its products, earlier than some industry predictions of "Q-Day." Google is developing its quantum chip Willow, which has 105 qubits and is one of the most powerful quantum processors currently available.

The compromise proposal for the crypto market structure bill has sparked division within the industry; Coinbase has expressed dissatisfaction but has not yet publicly opposed it.

According to CoinDesk, the crypto industry has reacted with mixed feelings after the CLARITY Act, the US crypto market structure bill, reached a compromise on stablecoin yield terms. Sources familiar with the matter revealed that Coinbase is dissatisfied with the latest compromise but has not yet publicly opposed it. The proposal was presented to the crypto industry on Monday and to the banking sector on Tuesday. Some stakeholders were "surprised," but Coinbase and others expressed dissatisfaction, believing the proposal could create unexpected obstacles to stablecoin-related products and services. The new proposal will guide regulators in drafting rules to clarify the regulatory approach to issues such as yields. Some are concerned that subjective standards set by regulators could restrict different types of reward programs and are demanding that rule-making remain neutral.

After a month of inactivity, a major whale withdrew nearly 12,000 ETH from Coinbase and used it for staking.

According to Onchain Lens monitoring, after a month of inactivity, a whale withdrew 11,999 ETH (worth $26 million) from Coinbase and used it for staking. Currently, the whale holds 22,618 ETH ($49 million), making a profit of $1.2 million.

X platform has hired crypto veteran Benji Taylor as its design director; analysts say X Money is likely to integrate crypto features.

According to CoinDesk, Elon Musk's X platform has hired Benji Taylor, a veteran with extensive experience in crypto product development, as its design director. Taylor previously founded Los Feliz Engineering, the development company behind the self-hosted crypto wallet Family, which was acquired by Aave Labs in 2023. Taylor then served as Aave's Chief Product Officer until October 2025 and most recently as the design director for Coinbase's Base blockchain network. Crypto analyst Willy Woo suggests this move indicates X will include cryptocurrency functionality as it expands into financial applications. This appointment comes as X pushes forward with its payment and financial services features.

Bloomberg analysts: Morgan Stanley's spot Bitcoin ETF may be "coming soon"

According to The Block, Eric Balchunas, senior ETF analyst at Bloomberg, stated that Morgan Stanley's spot Bitcoin ETF could launch at any time. The New York Stock Exchange has officially announced the fund's listing arrangements, which typically indicates an imminent listing. Morgan Stanley filed its application in January and last week submitted a revised S-1 registration statement, confirming that the ETF will be listed on the NYSE Arca under the ticker symbol MSBT. Balchunas pointed out that Morgan Stanley would be the first bank to issue a Bitcoin ETF, and it boasts the largest financial advisory network, with approximately 16,000 advisors managing $6.2 trillion in assets. Morgan Stanley's head of digital asset strategy previously stated that approximately 80% of crypto ETF trading activity comes from independent investor accounts, and the adoption of digital assets by financial advisors is still in its early stages.

A suspected Bitmine-related address received 50,000 ETH from FalconX, worth over $100 million.

According to Onchain Lens, a newly created wallet received 50,000 ETH from FalconX, worth $108.37 million, which may be related to Bitmine.

British Prime Minister Keir Starmer supports a moratorium on cryptocurrency political donations, citing the risk of "illegal finance."

According to The Block, British Prime Minister Keir Starmer has announced a government suspension of accepting cryptocurrency political donations to address risks of illicit finance and foreign interference. This proposal is a temporary measure designed to buy time for regulators to develop transparency rules. Once the rules take effect, political parties will be required to return any cryptocurrency donations they have received, and violators may face criminal penalties after the grace period. This move stems from a government-commissioned review report that warned that cryptocurrency transactions could obscure the source of funds and increase the difficulty of enforcing donation rules and identifying foreign sources. Previously, the Reform Party accepted tens of millions of pounds in cryptocurrency donations, prompting cross-party MPs to call for an "immediate ban" on cryptocurrency political donations, arguing that they pose an "unacceptably high risk" to electoral integrity.

Visa participates in a blockchain governance proposal for the first time, joining the Canton Network as a super validator.

According to The Block, global payments giant Visa has joined the Canton network as a super validator, marking the company's first participation in a blockchain governance proposal. Visa's application was approved on March 23, granting it the highest super validator weight of 10. Visa stated it will "work with institutions to push Canton into production" to complement its existing payments, settlement, and funds management strategies, and leverage Canton's payment layer to expand its stablecoin business. Canton is a privacy-focused, permissionless Layer 1 blockchain backed by institutional investors such as BNP Paribas, Citadel Securities, a custodian trust and clearing company, Goldman Sachs, and crypto companies like Circle and Paxos.

The US insists that peace talks are "still ongoing," but Iran has publicly rejected Trump's diplomatic initiatives.

According to Jinshi News, despite Tehran's public rejection of US diplomatic initiatives and its new conditions for ending the conflict that has severely impacted the Middle East and global markets, the White House insists that peace talks with Iran are ongoing. White House Press Secretary Karoline Leavitt told reporters on Wednesday, "The United States has been engaged in productive dialogue for the past three days. You are beginning to see the Iranian regime looking for a way out." Trump set a five-day deadline on Monday for Iran to negotiate an agreement to end the war. Now, half of the deadline has passed, and questions remain regarding the status of the negotiations and the likelihood of an agreement. Sources familiar with the matter revealed that the US has drafted a 15-point peace proposal, which has been delivered to Iran by Pakistan.

Soneium, in partnership with developer Startale, has raised $63 million in Series A funding, with participation from SBI Group and others.

According to The Block, Soneium blockchain co-developer Startale Group has completed a $63 million Series A funding round, including a $50 million Series B round led by SBI Group and a $13 million Series C round previously invested by Sony Innovation Fund. The company stated it will use the new funds to expand its Layer 1 network Strium to support institutional-grade tokenized securities and real-world asset trading, and to drive the adoption of stablecoins such as JPYSC. Startale and SBI previously partnered to launch Strium, a Layer 1 blockchain focused on tokenized securities and real-world asset trading, and JPYSC, the first yen stablecoin backed by a trust bank.

US SEC Chairman: Tokenization innovation exemption may be issued in the coming weeks

According to The Block, as the U.S. Securities and Exchange Commission (SEC) prepares to introduce an innovation exemption program for tokenized assets, the U.S. House Financial Services Committee held a hearing on March 25 entitled "Tokenization and the Future of Securities: Modernizing Capital Markets." Republican Representative Andy Barr stated that securities tokenization is an inevitable trend, and the U.S. needs to lead this process while protecting investors. Some Democratic lawmakers expressed concern that the innovation exemption could weaken core securities regulation. SEC Chairman Paul Atkins stated that the agency will soon solicit public comments on a range of issues related to future rulemaking, including a proposed innovation exemption that could serve as a regulatory sandbox for on-chain assets.

Privacy-focused stablecoin payment network Payy raises $6 million in seed funding, led by FirstMark Capital.

According to The Block, Payy, a startup focusing on privacy-focused stablecoin payments, has completed a $6 million seed funding round led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. Formerly the Web3 database project Polybase, Payy transitioned to stablecoin payments in 2023. It currently offers self-custodied wallets and Visa cards supporting USDC transactions. Payy is also developing the Payy Network, a Layer 2 network on Ethereum using zero-knowledge proofs, to achieve on-chain privacy for transaction amounts, addresses, and other information.

The CFTC chairman stated that clarity regarding crypto regulation is "coming soon."

According to Solid Intel, CFTC Chairman Mike Selig stated that a clear framework for crypto asset regulation in the United States is "coming soon."

Suspected insider traders have invested $43,600 again, betting that a ceasefire agreement between the US and Iran will be reached before March 31 or April 15.

According to Lookonchain, NOTHINGEVERFRICKINGHAPPENS, a trader who previously profited $66,400 from betting on a US airstrike on Iran and was suspected of insider trading, has once again placed bets in the prediction market. This time, he has invested $43,600, betting that the US and Iran will reach a ceasefire agreement by March 31 or April 15.

IAEA Director General: US and Iran may hold talks in Pakistan

According to the Italian newspaper Corriere della Sera, International Atomic Energy Agency (IAEA) Director General Grossi stated that the United States and Iran may hold talks in Islamabad, the capital of Pakistan, this weekend. In an interview with Corriere della Sera, Grossi said the talks would cover not only nuclear energy but also missiles and Iran's security guarantees. Grossi pointed out that the United States demands Iran achieve "zero uranium enrichment," while Iran is concerned about its civilian nuclear program and nuclear autonomy. In his view, the two sides can reach a consensus on these issues. He also said that Iran's nuclear facilities were damaged in the US-Israeli military strikes, "but not decisively." Regarding feasible solutions to the current conflict, Grossi said that peace must be achieved first, "military action is not the solution."

Franklin Templeton partners with Ondo to launch ETFs that can be traded 24/7 in crypto wallets.

According to Bloomberg, asset management firm Franklin Templeton, in partnership with Ondo Finance, has launched a tokenized version of ETFs that can be traded 24/7 in crypto wallets, bypassing traditional brokerage accounts and limited trading hours. The product covers US stocks, fixed income, and gold, initially targeting investors in Europe, Asia Pacific, the Middle East, and Latin America. Franklin stated that the launch date in the US market will depend on further clarification from regulators regarding the on-chain distribution of registered funds by third parties.

Coinbase partners with Chainlink to put order book and derivatives data on-chain.

Coinbase is bringing its exchange market data directly onto the blockchain for the first time through Chainlink's newly launched DataLink service. This integration covers order books, perpetual contracts, futures, and some stock and commodity data from Coinbase International Exchange and Coinbase Derivatives Exchange, providing real-time access to decentralized protocols and applications for building or optimizing derivatives, tokenized assets, and other products.

Iran has set five conditions for a ceasefire, stating it will "accept the conditions before negotiating."

According to Press TV, a state-controlled Iranian broadcaster, Iranian government officials issued a statement saying that Iran has rejected the US proposal and insists that the war will only end on Iran's own terms and timetable. The official, familiar with the details of the Iranian government, stated that Iran will not allow Trump to decide when the war ends. He also emphasized Tehran's determination to continue its defense and inflict "heavy blows" on the enemy until its demands are met. The official outlined five specific conditions for Iran to agree to end the war, including: ① a complete cessation of the enemy's "aggression and assassination" activities. ② the establishment of concrete mechanisms to ensure that war will not be imposed on Iran again. ③ a guarantee and clear definition of compensation and repair costs for war losses. ④ an end to the war on all fronts and across all participating resistance groups in the region.

Iran: Will end the war at a time of its own choosing.

According to Iran's Press TV, Iran stated that it will end the war at a time of its own choosing. It will not allow Trump to decide when the war ends. Iran has reviewed the relevant proposals and considers them too demanding. Iran's defensive operations will continue until its conditions are met.

Movement launches native stablecoin USDCx

Move Industries, a core contributor to the Movement Network, has launched USDCx on the Movement M1 mainnet. This stablecoin is fully backed by USDC reserves at a 1:1 ratio and automatically converts USDC across chains via Circle xReserve, requiring no third-party bridge and with near-zero minting fees. It has also been integrated into ecosystem applications such as DEXs, lending platforms, wallets, and institutional custody.

Coinbase will list Perle (PRL) spot trading.

Coinbase Markets announced that spot trading of Perle (PRL) will be launched on March 25, and the PRL-USD trading pair will be launched later today, subject to liquidity conditions.

Trump plans to appoint Zuckerberg, Huang, and Ellison to his Science and Technology Advisory Committee.

Trump plans to appoint Zuckerberg, Huang, and Ellison to his Technology Advisory Council. The council will advise on the administration's artificial intelligence policy and other issues. David Sachs will serve as co-chair of the council.

Bitmine launches MAVAN, an institutional-grade Ethereum staking platform.

Bitmine Immersion Technologies announced the official launch of its self-developed institutional-grade Ethereum staking platform, MAVAN. Based on a distributed infrastructure in the US and globally, the platform provides ETH and other PoS chain staking services to institutions, custodians, and ecosystem partners. Bitmine stated that it currently has 3,142,643 ETH staked, equivalent to approximately $6.8 billion at $2,148 per ETH, and plans to migrate almost all of its remaining unstaken ETH to MAVAN in the coming weeks. Based on the current 2.83% seven-day BMNR yield, the annualized staking rewards are close to $300 million.

Binance has released a risk guide for market makers, reminding project teams to be wary of illegal activities.

Binance has issued risk warnings and compliance guidelines for crypto market makers. The article points out that projects should be wary of unusual behaviors such as premature or excessive selling that deviates from the established unlock/distribution plan, one-sided sell orders, large-scale simultaneous selling pressure across multiple platforms, high trading volume with abnormally limited price fluctuations (suspected wash trading), and sharp price swings despite insufficient liquidity. Binance recommends that project teams conduct due diligence before selecting market makers, sign contracts clearly defining the intended use and compliance obligations, prohibit profit-sharing or guaranteed return models, and continuously monitor market-making activities after launch, reporting to the exchange and cooperating with blacklisting measures when necessary to maintain market order and protect user interests.

Iran: Ceasefire and negotiations are not feasible at this stage.

According to Iranian media outlet Fars News, Iran stated that it will not accept a ceasefire and will not engage in any negotiation process with the violating party, as negotiating with the United States is illogical. Iran also confirmed that the United States is indeed intensifying its efforts to facilitate a ceasefire. However, Iran does not accept a ceasefire, and under the current circumstances, both a ceasefire and negotiations are not feasible.

Binance Wallet launches Spark Season 2 campaign with 7 million SPK as rewards.

Binance Wallet has announced the launch of Spark Season 2, running from 8:00 AM on March 26, 2026 to 7:59 AM on May 10, 2026 (UTC+8). During the event period, users who deposit at least 100 USDT into the Spark USDT pool through Binance Wallet will be eligible to participate in a share of 7 million SPK tokens with increased annualized yield rewards. Users who participated in the previous Spark Season 2 event and maintain their holdings will automatically be considered participants in Season 2 and will still be eligible for this season's rewards without needing to resubscribe.

AMLBot: Addresses frozen by Circle suspected of being linked to DFINITY ckETH cross-chain service.

According to information forwarded by ZachXBT and published by on-chain analysis firm AMLBot, one of the addresses mistakenly frozen by Circle in a civil case, 0xb25ea1d493b49a1ded42ac5b1208cc618f9a9b80, is related to the DFINITY ecosystem. The accompanying operational guidelines indicate that this address participates in the cross-chain exchange process between ETH and ckETH. It is used by ICP-side contracts to mint ckETH after users deposit ETH, and then exchange ckETH back to ETH on Ethereum when needed, making it a typical operational/bridging service wallet. Last night, ZachXBT reportedly questioned Circle's freezing of 16 business hot wallets (USDC).

Aave launches V4 reinvestment module to revitalize $6 billion in idle positions and boost lending returns.

According to The Block, Aave Labs has proposed a reinvestment module in its V4 upgrade plan. This module plans to automatically invest approximately 30% of its stablecoin deposits, or about $6 billion, of idle liquidity into governance-approved low-risk strategies, including short-term US Treasury bonds, money market instruments, and neutral strategies. The module will allocate strategies and amounts based on the risk appetite of each asset, ensuring funds are readily available and do not require lock-up. Aave claims that if excess reserves are reinvested at a rate close to SOFR, historical data suggests the average stablecoin interest rate could increase from approximately 4% to approximately 4.9%, a relative increase of about 25%. The V4 governance proposal is currently in the consultation phase, with several long-term contributors gradually withdrawing and the team structure being adjusted accordingly.

Israeli Defense Minister claims 15,000 bombs dropped on Iran

According to Solid Intel, citing the Israeli Defense Minister, Israel dropped approximately 15,000 bombs in its military operation against Iran, about four times the total number used in the previous 12 days of conflict.

Republican members of the U.S. House of Representatives are calling for Trump's removal from office.

Market news: U.S. Republican Representative Alexandria Ocasio-Cortez has formally called for the removal of President Trump from office under the 25th Amendment to the U.S. Constitution. The 25th Amendment stipulates that if the president is incapacitated, the vice president shall assume his or her duties.