LG is shutting down its NFT marketplace Art Lab for TVs, The Verge reports. In a notice posted on its website, LG said it had made the "difficult decision" to shut down the platform on June 17. The company said users will no longer be able to make purchases on the platform from March 10. The LG Art Lab team will automatically transfer their NFTs to their own wallets by April 30. "As the NFT space continues to grow, we believe now is the right time to shift focus and explore new opportunities," LG said. The platform will be completely shut down in June. LG launched the Art Lab app during the NFT craze in 2022, advertising it as a way to "buy, sell and enjoy high-quality digital art" through TV. It added new digital art to the platform through a "groundbreaking" NFT drop, which users can purchase through LG's crypto wallet app Wallypto by scanning a QR code to complete the transaction. At launch, LG Art Lab ran on the Hedera network, which uses a blockchain alternative called hashgraph, but expanded to Ethereum last year.
According to CNBC, demand for Ethereum ETFs has been tepid since their launch in July last year, and Robert Mitchnick, head of digital assets at BlackRock, said that this could change if some of the regulatory issues that are hindering their development are "resolved." Mitchnick said at the Digital Asset Summit in New York City on Thursday that the general perception is that the success of Ethereum ETFs is "underwhelming" compared to the explosive growth of funds tracking Bitcoin. Although he believes this is a "misunderstanding," he admitted that the inability of these funds to earn staking returns may be a factor hindering their development. He said: "Obviously, there is a next stage in the potential development of [Ethereum ETFs], and ETFs have proven to be a very, very attractive tool for many different types of investors to hold Bitcoin. There is no doubt that for ETH today, ETFs without staking are not perfect. Staking yield is an important part of how you generate investment returns in this space, and all [Ethereum] ETFs have no staking capabilities when they are launched. This is not a particularly easy problem to solve. It's not like... the new government just gives the green light and then we're all good and start to make a big move. There are a lot of fairly complex challenges that need to be solved, but if these problems can be solved, then the activity we see around these products will be a qualitative leap."
Major cryptocurrency players are returning to India, betting that regulators may ease restrictions on digital asset trading, Bloomberg reported. U.S. exchange Coinbase Global Inc. recently registered with India’s Financial Intelligence Unit (FIU) as part of plans to launch its retail trading platform and increase investment in the country. The move follows local registrations of rivals Binance, Bybit and KuCoin, highlighting a renewed focus on the Indian market. The country had hoped to release a consultation paper on cryptocurrency regulation after assuming the G20 presidency in 2023, but has yet to do so. With the changing global policy landscape — led by the pro-crypto agenda of President Donald Trump in the United States — India is taking a fresh look at the issue. “Over the past 12 months, several jurisdictions have significantly changed their stance,” Ajay Seth, secretary of India’s Ministry of Economic Affairs, said at a recent roundtable. He noted that the risks posed by the use of digital assets such as stablecoins and the potential for cryptocurrencies to facilitate multilateral capital flows could affect emerging economies such as India. “We had prepared a discussion paper, but we now need to recalibrate because of these changes,” he added.
According to official news, Japanese listed company Metaplanet appointed Trump's second son Eric Trump as a member of the strategic advisory board.
According to the monitoring of the on-chain analyst Ember, a whale/institution that has held ETH for 8 years transferred 34,000 ETH (67.18 million US dollars) to Coinbase 5 hours ago. He/they made a 44-fold profit (65.68 million US dollars) on ETH. He/they received and hoarded these 34,000 ETH through itfinex, Changelly, and ShapeShift in March 2017. At that time, the price of ETH was only $44, and these ETH were worth $1.5 million. He/they hoarded ETH just before ETH took off. In the following months, ETH rose from double digits to more than $000+. These ETH were transferred to Coinbase 5 hours ago. The current price of ETH is $1,969, with a value of up to $67.18 million, a 44-fold increase in value.
According to Decrypt, the government led by Australian Prime Minister Anthony Albanese has outlined a new digital asset regulatory framework that aims to provide greater certainty to industry participants while addressing risks associated with consumer protection and market integrity. The reform will require major cryptocurrency platforms to obtain an Australian financial services license while exempting small businesses and companies that do not involve financial services. The Australian Treasury's statement document on "Developing an Innovative Australian Digital Asset Industry" released on Thursday details plans to regulate digital asset platforms and payment stablecoins under existing financial services laws. "By aligning with international best practices, Australia can enhance the global competitiveness of the digital asset industry," the document reads. The proposed framework will apply to cryptocurrency exchanges, custody services, and specific brokerage platforms that facilitate digital asset trading and storage. Businesses that provide tokenized stored value facilities, including some stablecoin issuers, will also be subject to licensing and compliance obligations. However, companies that create or use digital assets, develop software, or maintain digital asset infrastructure for non-financial purposes will not be subject to the new regulations. The government also acknowledged that de-banking (i.e., financial institutions restricting services to cryptocurrency companies) is a growing problem. The new licensing system aims to improve risk management and transparency within the industry, which may reduce the de-banking behavior of major financial institutions. "The government has been working with stakeholders to ensure transparency and fairness, including engaging with Australia's major banks to understand the extent of unbanking," the document reads.
“Ahead of the DOOD Token Generation Event (TGE), we’re sharing our whitepaper, what we’ve been building, and how it all ties together,” Scott Martin (@burnttoast), CEO of NFT project Doodles, announced on X Platform.
According to CoinDesk, traders of stocks and other traditional financial assets around the world want to be able to buy and sell assets around the clock, which has prompted the two major U.S. stock exchanges, Nasdaq and the New York Stock Exchange (NYSE), to take action and plan to provide 24-hour trading services soon. Giang Bui, head of U.S. stocks and exchange-traded products at Nasdaq, said at the New York Digital Asset Summit on Thursday: "We do see that the market is moving in this direction. There is a lot of global demand for U.S. stocks, and people want to trade during their usual waking hours. I think this is largely because people are used to 24/7 cryptocurrency trading." Bui added: "We have heard this demand from global brokers, the clients they serve, and even domestic brokers in the United States. Many U.S. brokers already offer overnight trading services because their customers are used to trading cryptocurrencies during these time periods." Nasdaq and NYSE are applying for approval to extend the opening hours of their trading venues to 24 hours a day, 5 days a week, or even 7 days a week. Nasdaq recently announced that it has begun discussing this change with regulators, and the NYSE has received approval. Trading around the clock has multiple advantages for the market, including increased trading volume and market liquidity, as traders are no longer restricted to a specific time zone. Currently, the trading hours for U.S. stocks are from 9:30 a.m. to 4:00 p.m. Eastern Time.
According to The Block, the U.S. Office of the Comptroller of the Currency (OCC) said it has stopped reviewing reputational risks of national banks and other financial institutions after the cryptocurrency industry strongly condemned it for being excluded from the financial system. In a statement released on Thursday, OCC Acting Director Rodney E. Hood said that the agency's review process has always focused on "appropriate risk management processes" rather than making subjective judgments on certain activities. The OCC also said it would remove content related to reputational risks from its manuals and guidelines, but pointed out that this would not change its expectations for banks to handle risks. Earlier on March 8, the U.S. Office of the Comptroller of the Currency clarified that banks have the right to participate in certain cryptocurrency activities.
According to a March 20 announcement, the Depository Trust & Clearing Corporation (DTCC), the main clearing agency for U.S. securities transactions, has pledged to promote Ethereum's ERC-3643 standard for licensed security tokens. DTCC will join the ERC3643 Association, a non-profit organization dedicated to promoting the adoption of the standard, with the goal of "promoting and advancing the ERC3643 token standard." This support highlights the positive attitude of U.S. regulators toward tokenization after President Trump vowed to make the United States the "crypto capital of the world." This also shows that the Ethereum blockchain network may play an important role in the U.S.'s licensed security token ecosystem. "DTCC will help lead the future of tokenization and support large-scale institutional adoption," said Dennis O'Connell, chairman of the ERC3643 Association, in a statement. ERC-3643 is also known as the T-REX protocol. According to the ERC3643 Association website, it is "a set of open source smart contracts that support the issuance, management, and transfer of licensed tokens...even on permissionless blockchains." It relies on a custom decentralized identity protocol to ensure that only users who meet preset conditions can become token holders.
YZi Labs announced on the X platform that Jane He has been appointed as its general partner to lead biotech investments while contributing to the company's broad strategy in the fields of AI and Web3. Jane's appointment comes as YZi Labs expands its investment focus from Web3 to AI and biotech after its recent rebranding. It is reported that before joining YZi Labs, Jane was an investor and COO of a Hong Kong hedge fund, focusing on growth investments in biotech and innovation-driven fields. Her portfolio and research cover cancer treatments (immunotherapy, cell therapy, antibody-drug conjugates), metabolic treatments (GLP-1 drugs for obesity and type 2 diabetes), oligonucleotide therapies (mRNA, siRNA, ASO), gene editing, sequencing, and medical devices. She also actively explores opportunities in the intersection of AI and biotech. Jane previously held a leadership position at alternative investment management company PAAMCO Prisma, responsible for managing its investments in other funds in Asia. Jane holds an MBA from Stanford University and graduated as an Arjay Miller Scholar.
Pump.fun, a Solana-based meme coin distribution platform, said it has banned Indian users from using the platform.
According to PR Newswire, crypto derivatives exchange Bitnomial announced the launch of XRP US Dollar Myra (XRUY) futures, the first CFTC-regulated XRP futures product in the United States. Bitnomial's physically settled futures ensure that the contract is delivered with actual XRP at the time of settlement, which is different from cash settlement alternatives that do not interact directly with the underlying assets. In addition, Bitnomial announced that yesterday, Bitnomial Exchange, LLC filed a voluntary withdrawal notice with the U.S. Securities and Exchange Commission (SEC). In October 2024, Bitnomial Exchange, LLC filed a lawsuit with the SEC, focusing on whether Bitnomial's XRP futures are security futures contracts. Bitnomial welcomes the SEC's evolving cryptocurrency policies, which provide greater clarity on XRP's securities status.
According to the announcement of the U.S. Securities and Exchange Commission (SEC), Nasdaq has submitted a rule change proposal to list and trade shares of the 21Shares Spot Polkadot ETF in accordance with Nasdaq Rule 5711(d) ("Commodity Trust Shares"). The SEC has formally accepted the application and is soliciting public comments.
NYSE Arca, a subsidiary of the New York Stock Exchange, has filed a proposed rule change (19b-4 filing) with the U.S. Securities and Exchange Commission (SEC) to amend the Bitwise Ethereum ETF to allow for collateralization of Ethereum held by the trust. The SEC is issuing this notice to solicit comments on the proposed rule change.
Coinbase announced that it will add AltLayer(ALT), Pendle(PENDLE) and Layer3(L3) to its asset listing roadmap.
According to Cryptoslate, Tether continues to play an important role in the U.S. Treasury market, firmly ranking as the seventh largest buyer of U.S. Treasuries in 2024. On March 20, Tether CEO Paolo Ardoino updated the X platform, revealing that the company purchased $33.1 billion in U.S. Treasuries in 2024. This figure exceeds the holdings of countries such as Canada, Taiwan, Mexico, Norway, Hong Kong, South Korea, Germany and Saudi Arabia. Despite reaching this milestone, Ardoino pointed out that the Cayman Islands led the world with purchases of more than $100 billion. It was followed by France, Luxembourg, Belgium, Singapore and the United Kingdom. However, he clarified that holdings in regions such as the Cayman Islands and Luxembourg include investments from multiple hedge funds, while Tether's assets belong to a single entity. Tether uses U.S. Treasuries as the cornerstone of its reserve strategy to ensure the stability of the company's USDT stablecoin. According to Tether's latest quarterly reserve report in December 2024, the company's total holdings of U.S. Treasuries are worth $94 billion.
According to The Block, the Solana-based Meme coin launch platform Pump.fun has launched a native decentralized exchange (DEX) called PumpSwap. Pump.fun's tokens will be transferred directly to PumpSwap after completing their bonding curve, seemingly skipping the step of migrating to Raydium, a Solana-based decentralized exchange and automated market maker (AMM). Pump.fun wrote on the social media platform X that the move not only cancels the 6 SOL migration fee, but also opens up opportunities for future creator revenue sharing. Each transaction on PumpSwap will charge a 0.25% fee, of which 0.2% goes to liquidity providers and 0.05% belongs to the protocol. Pump.fun said that PumpSwap is comparable to Uniswap v2 and Raydium v4 through its constant product AMM mechanism. The launch of PumpSwap comes at a time when Pump.fun and Raydium seem to have plans to squeeze each other out. Pump.fun tested its AMM functionality in late February, while Raydium has reportedly been developing its own meme coin creation platform LaunchLab over the past few months. The launch of PumpSwap also comes as Pump.fun has seen a 94% drop in trading volume since the beginning of 2025, and a subsequent drop in the number of graduated tokens migrating to Raydium. Tokens must reach a market cap of $69,000 on Pump.fun before they can migrate to Raydium for secondary market trading.
According to The Block, the U.S. Securities and Exchange Commission (SEC) has clarified its position on certain proof-of-work (PoW) mining activities, the latest move by the agency after it shifted to a friendlier attitude toward the cryptocurrency industry. In a statement released by the SEC's Division of Corporate Finance on Thursday, SEC staff said that proof-of-work mining does not involve the issuance and sale of securities; therefore, parties involved in mining activities do not need to register transactions with the Commission under the Securities Act, nor do they fall within the scope of the registration exemptions in the Securities Act related to these mining activities. In its conclusion on Thursday, the SEC relied on the "Howey Test" - a 1946 U.S. Supreme Court case that the SEC often cites to determine whether an asset meets the definition of an investment contract and is therefore a security. The test relies on four questions: whether it involves an investment of funds, whether it involves a common enterprise, whether there is an expectation of profit, and whether the profit comes from the efforts of others.
According to Coinbase Assets, Freysa (FAI) has been added to its asset roadmap.
U.S. SEC documents show that Canary has submitted an S1 form to apply for the launch of its PENGU ETF.
Trump spoke at the Blockworks DAS Conference, calling on the U.S. Congress to pass landmark legislation that would establish simple, common-sense rules for stablecoins and market structure.
According to Solid Intel, Trump said that the United States will lead the development of cryptocurrency and the next generation of financial technology. According to Jinshi, US President Trump said: The United States is already ahead in the field of cryptocurrency and the next generation of financial technology. We are ending the previous government's regulatory war on cryptocurrency and Bitcoin.
The Walrus protocol launched by Sui developer Mysten Labs has announced its token economic model, with a total supply of 5 billion WAL tokens and an initial circulation supply of 1.25 billion. The distribution of WAL tokens is as follows: 10% for Walrus user airdrops, 43% for community reserves for funding, developer support and incentive programs, 30% for core contributors, 10% for subsidizing storage nodes, and 7% for investors, with an unlocking period of 12 months after the mainnet is released. As a payment token, WAL tokens are designed to keep storage costs stable and ensure protocol security through delegated staking. Walrus adopts a deflation mechanism, including penalty fees for short-term staking and the reduction of inefficient storage nodes, to promote the long-term stable development of the network. The Walrus mainnet is scheduled to go online on March 27.
According to The Block, the Telegram-based Open Network Foundation (TON Foundation) announced that venture capital firms such as Sequoia Capital, Ribbit, Benchmark and Kingsway have invested more than $400 million by purchasing Toncoin cryptocurrencies. In addition, investors such as Vy Capital, Draper Associates and Libertus Capital also participated in this round of investment. A spokesperson for the TON Foundation said: "These venture capital firms invest through Toncoin, rather than through traditional equity or cash." In the past year, the TON blockchain has more than 40 million active users, and the number of "independent" holders of Toncoin has reached 121 million.
According to Fortune, the Walrus Foundation announced that it had successfully raised $140 million in funds, with Standard Crypto as the main investor, and other investors including a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets, Karatage, RW3 Ventures, Comma3 Ventures and The Raptor Group. The fundraising was completed through the sale of $WAL, the cryptocurrency of the Walrus protocol, and the total supply of the cryptocurrency is expected to be valued at $2 billion. The Walrus protocol was developed by Mysten Labs, which was founded by former Meta employees and is known for its high-speed blockchain Sui. Walrus aims to solve the shortcomings of existing storage protocols in scalability, security and flexibility by providing faster and cheaper decentralized storage. Although Walrus is still in the testing phase, Mysten Labs has built a website hosting service based on the protocol and plans to launch it on March 27.
On-chain detective ZachXBT released an investigation saying that a trader made about $20 million in profits by opening multiple high-leverage positions on Hyperliquid and GMX between January and March 2025, and thus became the focus of market attention. Key transactions: • 0xe4d3 made $10 million through large ETH and BTC long positions with 50x leverage before Trump's cryptocurrency reserve announcement. • 0xf3F4 made $9 million through large BTC short positions with 40x leverage. The investigation found that 0xf3F4's main counterparties were related to multiple platforms, including Roobet, Binance, Gamdom, etc. The account also revealed its $20 million in earnings on GMX and HL on the social platform X. Further analysis revealed that 0xf3F4 was associated with multiple phishing websites, and part of the funds came from malicious behavior that exploited input validation vulnerabilities in casino games. By tracing the source, the investigation found that the funds eventually flowed to an individual named William Parker (formerly Alistair Packover), who had been arrested for multiple fraud and gambling cases and sentenced in Finland. Ultimately, the investigation showed that William Parker used his illegal means to increase the original six-figure funds to $20 million through high-leverage transactions.
The Binance Alpha page shows that Binance Alpha has added BR (Bedrock).
According to CoinDesk, Uranium Digital founder Alex Dolesky announced that the company has raised $6.1 million in seed round funding to accelerate the creation of a uranium spot trading platform using crypto infrastructure. The financing was led by Framework Ventures. Uranium Digital plans to become the world's first institutional market for uranium, an important clean energy commodity, although the uranium market has not matured due to strict regulations and low demand. With the recovery of nuclear energy demand, Dolesky believes that the creation of an efficient and fast uranium spot market will usher in more institutional investors.
According to CoinDesk, Kraken announced the acquisition of US futures trading platform NinjaTrader for $1.5 billion. Through this acquisition, Kraken will be able to provide crypto futures and derivatives trading in the United States, as NinjaTrader has obtained CFTC registration. In addition, Kraken's regulatory licenses in the UK, EU and Australia will help NinjaTrader expand in these regions.
Telegram CEO Durov said on his official channel that Telegram's global monthly active users have officially exceeded 1 billion. At the same time, TON ecosystem star game BOMBIE has 11 million users, with an average ARPPU of $102 per user, surpassing the well-known MOBA game "League of Legends" and firmly ranking first in TON ecosystem revenue. BOMBIE users are distributed all over the world, among which the average payment (ARPPU) of Japanese users reached $804, surpassing the average user payment of luxury brand Louis Vuitton (LV), setting a new record for Web3 games.
According to the Binance announcement, Nillion (NIL) will become the 65th project of Binance Launchpool. Nillion is a decentralized network that uses blind computing to achieve secure data processing and storage while ensuring privacy. Users can participate in the NIL airdrop by locking BNB, FDUSD and USDC. The airdrop event will start at 08:00 UTC+8 on March 21, 2025 and last for three days. Nillion (NIL) will be listed on Binance at 21:00 UTC+8 on March 24, 2025, and will open NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC and NIL/TRY trading pairs. This launch will bring 35 million NIL as Launchpool rewards, accounting for 3.5% of the total supply. The initial circulating supply is 195 million NIL (accounting for 19.52% of the total supply).
