vert

The newly established political action committee in the crypto industry, Fellowship PAC, has raised approximately $11 million, with $10 million coming from Cantor Fitzgerald and $1 million from Anchorage Digital. It has spent about $3 million on political advertising, with this portion of the expenses paid to Nxum Group, which was co-founded by Tether US CEO Bo Hines.The PAC primarily supports Republican candidates and invests funds in congressional and state-level elections. Although the organization has ties to Tether executives, its main funding sources are financial institutions, and it is currently unclear whether Tether can directly participate in related political donations.

Investment company KKR announced that it has reached a final agreement with Samsung SDS, a blockchain and IT financial services provider under Samsung, to acquire newly issued convertible bonds worth 1.22 trillion won (approximately 820 million USD).Samsung SDS launched digital transformation experience services in 2020, including a blockchain platform, and co-developed a certificate service driven by blockchain technology with Shinhan Bank. Additionally, it serves as a technical advisor for the CBDC pilot project led by the Bank of Korea. It is reported that KKR will provide consulting services in mergers and acquisitions, capital allocation, artificial intelligence products, and global expansion, as well as accelerate the construction of artificial intelligence infrastructure.

According to CoinDesk, documents submitted to the Federal Election Commission (FEC) by the Super Political Action Committee (Super PAC) Fellowship, which is associated with Tether, show that its first expenditure of $300,000 went to Nxum Group, a company co-founded by Tether's U.S. CEO, former Trump administration crypto advisor Bo Hines, along with his father Todd Hines and third-party partners.This expenditure was used to purchase campaign advertisements for Georgia Republican House candidate Clay Fuller, coinciding with Fuller winning a special election to replace Marjorie Taylor Greene as a congressman. Notably, Fellowship did not publicly announce this expenditure nor include Fuller in its public endorsement list.On April 1 of this year, Fellowship appointed Jesse Spiro, Tether's U.S. Vice President of Regulatory Affairs, as the committee chair, officially reactivating its presence in the political arena. When the committee was announced last year, it had received a total funding commitment of $100 million, but its FEC disclosure documents currently show a zero account balance, and related donations have not been made public. Tether International responded that there is no association or regulatory relationship with Fellowship PAC, while Tether U.S. declined to comment.In terms of conflicts of interest, Michael Beckel from the political reform organization Issue One stated that it is not illegal for Super PACs to pay founder-associated companies under U.S. campaign finance rules, provided that services are genuinely rendered and rates are in line with market prices. Fellowship's CFO Mitchell Nobel currently works at Cantor Fitzgerald, which manages Tether's global business assets, and its former chairman is current Commerce Secretary Howard Lutnick.Currently, Fellowship's expenditure scale is still vastly different from that of the leading crypto industry Super PAC Fairshake. Fairshake has invested millions in several primary elections, while the candidates currently supported by Fellowship are almost all deep-red state Republicans.

Cryptocurrency exchange Gemini has seen its market value shrink by over 50% this year and has laid off 30% of its staff. Internally, there are discussions about requesting founders Tyler Winklevoss and Cameron Winklevoss to waive the hundreds of millions of dollars in loans they provided to the company or convert the debt into equity. As of the end of December, Gemini's outstanding debt amounted to 4,619 bitcoins, valued at over $330 million at current prices.Securities filing documents show that Gemini lost $585 million last year. Additionally, the company plans to exit the UK, EU, and Australian markets, with several executives having already left. Currently, the Winklevoss brothers hold the majority voting rights and have not yet expressed whether they support this proposal.

According to the official announcement, Binance Futures will convert the pre-market trading of the EDGEUSDT perpetual contract to the standard version of the EDGEUSDT U-margined perpetual contract on March 31, 2026, at 20:30, with a transition period that may last up to 3 hours.During the transition period, trading functions will not be affected, and unfilled orders and positions will not be canceled.

GameStop disclosed that the approximately 4,710 BTC previously transferred to Coinbase Prime was not sold but used as collateral in a covered call strategy to generate option premium income.The company sold short-term call options over-the-counter (OTC), with strike prices ranging from $105,000 to $110,000, generating income while retaining exposure to Bitcoin, but this also limited the upside potential. As a result of this structure, GameStop no longer directly holds Bitcoin assets but records them as "receivable assets," which means the right to recover an equivalent amount of BTC from the counterparty in the future. Since the collateral can be rehypothecated or reused, its position has transformed into a derivative exposure with counterparty risk.The financial report shows that as of the end of the fiscal year, the value of receivable assets related to this strategy was approximately $368.3 million, while an unrealized loss of about $59.7 million was recorded (due to the decline in Bitcoin prices). Additionally, the company confirmed approximately $700,000 in option liabilities and $2.3 million in unrealized gains.

Bitcoin mining company MARA announced on platform X that it will repurchase $1 billion of convertible senior notes, with the repurchase of the 2030 notes and 2031 notes expected to be completed on March 30, 2026, and March 31, 2026, respectively, depending on the satisfaction of customary closing conditions. The note repurchase transaction is expected to bring approximately $88.1 million in value to the company through cash savings.MARA also announced that the company sold 15,133 bitcoins between March 4, 2026, and March 25, 2026, for a total transaction price of approximately $1.1 billion, and it is expected that the proceeds from the bitcoin sales will be used for the note repurchase transaction, with the remaining funds used for general corporate purposes.

According to market news, Aave Labs officially disclosed its Reinvestment Module plan in the V4 upgrade.Data shows that among the approximately $20 billion in stablecoin deposits on the Aave platform, about $6 billion (30%) has been idle for a long time. This module will automatically allocate excess reserves to governance-approved low-risk strategies (such as short-term government bonds, money markets, or delta-neutral trading), while keeping the funds available for withdrawal at any time, with no lock-up restrictions.

According to Business Insider, 80-year-old New York investor George Chryssanthou fell victim to a telecom scam, losing approximately $285,000. The scammers gained remote control of his computer by impersonating Microsoft technical support personnel and induced him to wire transfer multiple times to an account named Coinbase Inc during January 2025, with the funds subsequently converted to Bitcoin.The victim has filed a negligence claim against Charles Schwab with the Financial Industry Regulatory Authority (FINRA), alleging that the brokerage failed to identify and stop these unusual high-frequency large transfers. The total amount involved in the scam was $284,650, with individual transfer amounts ranging from $18,000 to $90,000.

OKX will open deposits for KAT (Katana) on March 17, 2026, at 13:00, and will conduct a collective auction from 20:00 to 21:00 on March 18, 2026. Spot trading for KAT/USDT will open at 21:00 on the same day. Meanwhile, the KAT/USDT pre-market contract will be converted to a standard perpetual contract at 21:00 on the same day, with withdrawal opening at 23:00 on March 18, 2026.

The Singapore-based stablecoin payment infrastructure company Dtcpay announced the completion of a $10 million Series A funding round, led by Vertex Ventures Southeast Asia & India.The company has obtained a Luxembourg electronic money institution license to expand regulated payment services in the European Economic Area. Dtcpay builds stablecoin payment infrastructure for businesses and consumers and has partnered with Visa to launch a card that connects digital finance with traditional finance. Its platform supports real-time settlement between stablecoins and fiat currencies.

According to official news, Osmosis has released a significant governance proposal for the Cosmos ecosystem, aiming to directly integrate Osmosis into the Cosmos Hub, while the Osmosis DEX will natively migrate to the Hub, thereby unifying liquidity, governance, and security on a single chain.All circulating OSMO, except for the OSMO that is not deployed in the Osmosis community pool, will be eligible for conversion to ATOM within a specified six-month window. The proposed conversion rate is 0.0355 ATOM for 1.998 OSMO.The Cosmos Hub community pool currently holds approximately 10.11 million ATOM, and there are still about 1.75 million ATOM open, accounting for approximately 0.35% of the total supply, equivalent to less than two weeks of staking emissions. This proposal will not introduce any ongoing emissions or structural inflation changes. The conversion window will remain open for six months. At the end, any unclaimed ATOM will be returned to the Cosmos Hub community pool.

OKX will officially convert the OPN/USDT pre-trading contract to a standard perpetual contract on March 6, 2026, from 15:00 to 16:00. The contract leverage is from 0.01 to 50 times, and the trading hours are 7×24. For specific rules, please check the platform announcement.

Trump stated that he hopes the leadership regime in Iran is completely overthrown and that he wants to ensure that the list of potential leaders he has outlined survives the war.

The founder of 360 Group, Zhou Hongyi, stated in an interview with the Global Times that the United States, under the banner of "protecting the rights of victims," has directly transformed the virtual currency assets involved in the case into strategic financial reserves under its control, completing a magnificent and legitimate transfer from the end of the criminal chain to national assets.This unilateral harvesting behavior by the U.S. not only undermines the law enforcement activities of other countries, leading to secondary losses for victims, but also disrupts the global flow of virtual currency assets, destabilizing the financial stability of emerging market countries. The ultimate goal is to consolidate the dominance of the U.S. dollar in the digital financial sector.

According to a report by Hong Kong media Orange News, the President of the Hong Kong Securities and Futures Professionals Association, Chen Zhi-hua, disclosed that the Hong Kong virtual asset industry is facing a sudden "compliance storm." Practitioners in related businesses have reported encountering bewildering regulatory requirements during the application process for virtual asset-related business qualifications. The existing written policy requires an additional 5 hours of Continuing Professional Training (CPT).However, the latest requirements were not issued through formal written documents or public guidelines, but were communicated "quietly" to license upgrade applicants in the form of verbal notifications or individual emails, stating that all responsible officers (RO) for relevant license upgrades, including those who have already obtained upgrade qualifications, must pass a virtual asset regulation exam conducted by a designated single institution. This nearly "invisible" directive undermines the transparency and fairness that regulatory agencies should uphold.Chen Zhi-hua suggested maintaining the original requirement of an additional 5 hours of Continuing Professional Training (CPT) and urged regulatory agencies to immediately suspend the enforcement of exam requirements through invisible policies.

The Nasdaq-listed Bitcoin mining company Bitdeer announced that it has expanded the fundraising scale of its previously issued convertible preferred notes to $325 million. In addition, Bitdeer plans to grant the initial purchasers of the notes an option to purchase up to an additional $50 million principal amount of the notes within 13 days (including the day of issuance) from the date of the initial issuance.

The mining company Bitdeer (BTDR) announced its plan to issue $300 million in principal amount of convertible senior notes due in 2032 through a private placement, and intends to grant initial purchasers an additional purchase option of up to $45 million.A portion of the net proceeds from this offering will be used to pay for capped option trading costs, as well as to repurchase some of the 5.25% convertible bonds due in 2029. The remaining funds will primarily be used for data center expansion, high-performance computing and AI cloud business expansion, ASIC miner research and manufacturing, as well as working capital and other general corporate purposes.