Daily Report | Crypto payment company Mesh completes $82 million Series B funding; Metaplanet adds 162 bitcoins to its purchase

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2025-03-12 20:00:00
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March 12 News Overview

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Important News:

"What important events have occurred in the past 24 hours"

Crypto payment company Mesh completes $82 million Series B funding, led by Paradigm

Crypto payment company Mesh announced the completion of $82 million in Series B funding to expand its stablecoin-based payment settlement network. This round of financing was led by Paradigm, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital.

Mesh aims to build a payment network that connects crypto wallets, exchanges, and payment service providers, allowing users to pay with crypto assets like BTC, ETH, and SOL, while merchants can choose to settle in USDC, PYUSD, or RLUSD.

Michael Saylor: Strategic Bitcoin reserves represent America's digital hegemony in the 21st century

At the "Bitcoin For America" summit hosted by the Bitcoin Policy Institute (BPI) in Washington, D.C., Strategy Executive Chairman Michael Saylor stated that strategic Bitcoin reserves represent America's digital hegemony strategy in the 21st century, advocating for Bitcoin to be viewed as digital property, and that the U.S. should acquire as much Bitcoin as possible for "leasing and financing" purposes.

Saylor predicts that tens of trillions of dollars in commercial activity will flow through the Bitcoin network in the future, which is another reason why the U.S. should prioritize acquiring network share, as Bitcoin embodies American values, and holding Bitcoin is the second-best option for those unable to immigrate to the U.S.

Saylor stated, "If possible, people from Asia and Africa would move to the U.S. They want American currency, security, and values, but they can't get it, so their second-best option is to transfer funds into the Bitcoin network, which embodies all of America's values, protections, and security."

U.S. House passes bill to repeal IRS DeFi broker rules

The U.S. House voted on Tuesday to repeal the IRS DeFi broker rules, with a result of 292 votes in favor and 132 against, exempting decentralized crypto exchanges (DeFi) from the obligation to report sales gains and transaction dates.

Metaplanet adds 162 Bitcoin to its holdings, increasing total to 3,050

According to an announcement from Metaplanet, the company has purchased an additional 162 Bitcoin as part of its Bitcoin financial reserve strategy, with an average purchase price of 12.3937 million yen per coin, totaling 2.08 billion yen. After this purchase, Metaplanet now holds a total of 3,050 Bitcoin, with an average purchase price of 12.6071 million yen per coin, and a total holding value of 38.452 billion yen.

Shenfish releases "312" five-year anniversary survey: 70.5% of investors are still on the road to recovery, 48.8% rely on "holding BTC and other cryptocurrencies" as their main source of wealth

Shenfish (@bitfish1) launched a survey on the fifth anniversary of the "312" crash event on the X platform. According to current voting data, despite Bitcoin's price rising about 20 times from $4,000 over the past five years, 70.5% of respondents indicated they are "still on the road to recovery." 17.6% of investors achieved a 1-20 times increase, 5% reached a 20-100 times increase, and only 6.9% achieved over 100 times growth.

Additionally, another survey regarding primary sources of wealth showed that 48.8% of participants chose "holding BTC and other cryptocurrencies," while 35% came from "trading (swing, meme pvp, etc.)," and DeFi mining and arbitrage accounted for 8.5% and 7.7%, respectively.

Solana's SIMD-228 upgrade proposal has now passed

The voting for Solana's SIMD-228 upgrade proposal has reached the quorum, with 71.85% voting in favor. This proposal can reduce the SOL inflation rate by 80%, and the voting will continue until the end of epoch-755, and it has now passed.

"What are the exciting articles worth reading in the past 24 hours"

Tide of airdrops: A look at 7 potential airdrop projects worth paying attention to

Nillion, Babylon… upcoming airdrop projects may hide an undiscovered gem.

Creating a new "Prompt to Earn" model, MelodAI reshapes the future of AIGC and AI Agents

Unlocking a new code for the integration of AIGC and Web3, opening a new chapter in the transformation of content productivity in the AI era.

Exclusive interview with Polkadot founder Gavin: From multi-chain networks to world computers, decoding the JAM computing platform and Web3 innovation path

2025 marks a critical transformation year for Polkadot, and Gavin Wood, with the latest technological achievement—JAM, has embarked on an Asian tour. During the event in Hangzhou, PANews conducted an exclusive interview with this Web3 industry leader, delving into Polkadot's technological innovations, ecological development, and his unique insights on the future of Web3.

Opinion: AI Agents are the redemption of all old narratives in Crypto history

The market always needs the presence of idealists.

House overturns "DeFi broker rules," how many more hurdles are there on the road to crypto regulation?

The battle over the "DeFi broker rules" is about to come to an end; what is the next step for crypto institutions?

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN, as of March 12, 19:50:

In the past 24 hours, the top five popular Ethereum tokens are: SPX, COCORO, XYO, LINK, RFUN

In the past 24 hours, the top five popular Solana tokens are: SAYLOR, YODA, $FROG$, PIPE, PROMETHEUS


In the past 24 hours, the top five popular Base tokens are: SKITTEN, KYLIE, VIRTUAL, DRB, PEPPER

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