Coinbase is in advanced talks with Deribit, the world’s leading crypto derivatives exchange, and has informed Dubai regulators. Deribit was valued at between $4 billion and $5 billion earlier this year. If the acquisition is completed, Coinbase will make a major move into the lucrative crypto derivatives market. In 2024, Deribit’s trading volume is close to $1.2 trillion, almost double the previous year. Earlier this week, Kraken also acquired Ninja Trader for $1.5 billion to strengthen its derivatives business. (CoinDesk)

Odaily Planet Daily News Fidelity Investments applied to the US securities regulator to register its Ethereum-based US Treasury fund "OnChain", which is scheduled to be launched on May 30 to track its $80 million Fidelity Treasury Digital Fund (FYHXX) transactions. Although OnChain's records on the blockchain are not used as official ownership books, Fidelity will check them daily. Currently, the blockchain treasury market is worth $4.78 billion, with BlackRock's BUIDL fund leading with $1.46 billion. Fidelity said it may expand OnChain to other blockchains in the future. (Cointelegraph)

According to Cointelegraph, Fidelity Investments has taken a significant step in the blockchain tokenization space by filing to register a tokenized version of its US dollar money market fund on the Ethereum network. This move aligns Fidelity with other major asset managers like BlackRock and Franklin Templeton, who have also ventured into blockchain tokenization. The filing, submitted on March 21 to the US Securities and Exchange Commission, outlines plans for a new share class named 'OnChain.' This initiative is designed to enhance transparency and provide verifiable tracking of share transactions for the Fidelity Treasury Digital Fund (FYHXX), an $80 million fund primarily composed of US Treasury bills. While the OnChain share class awaits regulatory approval, Fidelity anticipates its implementation by May 30. Despite the innovative approach, Fidelity will continue to maintain traditional book-entry records as the official ownership ledger. The secondary recording of the OnChain class on the blockchain will not serve as the official record of ownership. Instead, the transfer agent will reconcile these blockchain transactions with the official records on a daily basis. Fidelity has clarified that the US Treasury bills themselves will not be directly tokenized. The asset manager, which oversees $5.8 trillion, has indicated potential plans to expand OnChain to other blockchains in the future. The trend of asset managers turning to blockchain for tokenizing Treasury bills, bonds, and private credit has been growing over recent years. The market for real-world asset (RWA) tokenization of Treasury products is currently valued at $4.78 billion, with BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) leading at $1.46 billion, as reported by rwa.xyz. Ethereum remains the dominant network for tokenized RWAs, with over $3.3 billion worth of assets, followed by Stellar at $465.6 million. Robbie Mitchnick, BlackRock’s head of crypto, emphasized Ethereum's role as the 'natural default answer' for traditional finance firms seeking to tokenize RWAs onchain. He highlighted the value clients place on decentralization, credibility, and security, which are key advantages of Ethereum. Mitchnick shared these insights at the Digital Asset Summit in New York on March 20, underscoring Ethereum's continued prominence in the blockchain space.

Market in spot where rapid reversal might happen at any given moment source: https://u.today/bitcoin-btc-invalidates-crucial-price-setup-xrp-faces-50-and-100-day-squeeze-ethereum-eth-finally

A popular crypto strategist believes that memecoins will have their day under the sun after getting crushed over the last few months. Pseudonymous trader Altcoin Sherpa tells his 244,300 followers on the social media platform X that he expects meme tokens to eventually take center stage, highlighting that the crypto sector relies on trader attention.. source: https://dailyhodl.com/2025/03/23/crypto-trader-sees-memecoin-resurgence-after-sector-got-smashed-here-are-his-top-picks/

Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space. Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills. While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said. Fidelity’s filing to register a tokenized version of the Fidelity Treasury Digital Fund source: https://cointelegraph.com/news/fidelity-files-ethereum-based-us-treasury-fund-called-onchain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

On Mar 23, 2025, 23:58 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 86,000 USDT benchmark and is now trading at 86,066.023438 USDT, with a narrowed 2.66% increase in 24 hours.

OKX market shows that BTC has broken through 86,000 USDT and is now at 86,019.5 USDT, with a 24-hour increase of 2.59%. (This newsletter is generated by AI)

Solana is seeing record growth that is in line with major ecosystem development. The protocol now boasts more wallets holding SOL amid growing network activity. Institutional interest is also rising, raising questions about how these developments will impact Solana’s price. source: https://www.thecoinrepublic.com/2025/03/23/solana-adoption-soars-to-ath-implication-for-sol-price/

According to PANews, OpenAI is contemplating a significant reduction in the subscription fees for ChatGPT in the Indian market. The proposed adjustment could lower the monthly cost to between $3 and $5, representing a potential decrease of up to 85% from the current $20 fee. In addition, OpenAI is in discussions with India's Reliance Industries to explore a partnership. This collaboration may involve the distribution of ChatGPT services through Reliance's subsidiary, Jio, and could include hosting the model locally in India. These efforts aim to enhance the deployment and application of AI technology within the country.

This article provides some basic tips for improving computer privacy and security, covering password managers, hardware security keys, hard drive encryption, biometrics, and more.

The return of “sound money” will not happen overnight, but will be a generational shift.

As Michael Saylor said, volatility is a gift to the loyal. On a road full of unknowns and challenges, sticking to beliefs and embracing innovation may be the key to building the future era of digital capital.

Explore the development of the Indian ecosystem, regulatory challenges, and strategies for project success in this emerging market.

The importance of DeFi to the core business of traditional finance has been highlighted, and traditional finance has gone from suspicion to recognition, believing that it will bring about systemic improvements.

It is said that BTC is now in an oversold state. It is currently an oversold time in the market.

In the current credit currency stage, without monetary credit, there can be no real credit currency. To imagine returning to the metal standard or to find a new anchor for the currency is to ignore or misunderstand the nature and development logic of the currency, which is a regression rather than progress.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

Looking back at the time when we were preaching RWA in 2023/2024, we were often criticized because of 2.5 and the institutional market. However, the wind has changed recently. KOLs with thick eyebrows and big eyes and various associations and alliances have begun to flock to RWA like mushrooms after rain. This enthusiastic atmosphere is about to usher in summer.

The original intention of the new policy is to provide billions of people around the world with a new channel to "subscribe to the United States", that is, to use US dollar stablecoins to purchase US assets on the chain, thereby hedging the threat posed by the hollowing out of US industry and high debt to the international status of the US dollar.