Day: March 4, 2026

Tradeweb Leads $31M Investment in Crypto Trading Platform Crossover Markets

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Electronic trading company Tradeweb has led a $31 million Series B funding round in institutional crypto trading platform Crossover Markets, valuing the company at $200 million. The round included participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, Illuminate Financial and XTX Markets. According to Wednesday’s announcement, the deal also includes a strategic partnership that will allow Tradeweb’s clients to access spot crypto liquidity through Crossover’s CROSSx electronic communication network (ECN), marking the company’s entry into institutional cryptocurrency trading and linking its global network of institutional traders with digital…

Bitwise donates $230K from BITB ETF profits to Bitcoin open source developers

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Bitwise Asset Management, a digital asset investment firm, today announced a $233,000 donation to support open source developers who maintain the Bitcoin network, funded by profits from its spot Bitcoin exchange-traded fund. As part of our annual commitment to support Bitcoin open-source developers, Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network. This year marked significant growth for the Bitwise Bitcoin ETF ($BITB), making this… pic.twitter.com/wjEoLHDVsY — Bitwise (@Bitwise) March 4, 2026 The contribution marks the firm’s second annual payout tied to…

Bitcoin Breaks $70K Resistance, Altcoins Follow: Are The Bulls Back?

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Key points: Bitcoin’s strong recovery above $74,000, backed by solid inflows into the US spot Bitcoin ETFs, suggests the formation of a short-term bottom. Several major altcoins are attempting to take part in the recovery by rising above their overhead resistance levels. Bitcoin (BTC) bulls made a strong comeback on Wednesday by pushing the price to $73,800. A positive sign in favor of the bulls is that the recovery attempt is backed by buying in US spot BTC exchange-traded funds, which have seen $683.3 million in inflows this week per…

Korean stock market plunges 12% in historic one-day crash

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South Korea’s KOSPI plunged 12% on Wednesday in its largest single-day drop on record, wiping out roughly $625 billion in market value as geopolitical tensions and margin calls triggered a broad market selloff. The benchmark index, which tracks major companies listed on the Korea Exchange, closed near 5,093.54 points after trading was halted for 20 minutes when circuit breakers were triggered at the 8% decline threshold. Major technology companies led the losses. Samsung Electronics fell 11.7%, while memory chipmaker SK Hynix dropped 9.6% during the session. The sharp decline capped…

White House submits nomination of Kevin Warsh for Fed chair to Senate

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The White House has submitted the nomination of Kevin Warsh, an economist and former Federal Reserve governor, to serve as chair of the central bank. President Donald Trump announced Warsh as his choice to lead the Fed in January. In this position, he would direct monetary policy, manage financial stability, influence interest rates and inflation, and represent the US in global economic discussions. The nomination now advances to Senate confirmation hearings, where lawmakers will evaluate his qualifications before a final vote. Strategy Executive Chairman Michael Saylor has suggested that Warsh…

Sui rolls out USDsui stablecoin offering yield access across major DeFi protocols

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Sui has launched its native stablecoin, Sui Dollar (USDsui), on mainnet today. The digital dollar was first unveiled in the fourth quarter of 2025 and is designed to serve as a unified stable asset across the Sui ecosystem. Built using Bridge’s Open Issuance platform, USDsui launches with enterprise-grade infrastructure aimed at supporting institutional and developer use cases from day one. The stablecoin is designed to enable scalable financial activity, including cross-border payments, remittances, and peer-to-peer transfers. At launch, USDsui is integrated across wallets and major DeFi protocols within the Sui…

MEXC Expands Tokenized Stock Listings Through Ondo Finance Partnership

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Crypto exchange MEXC has expanded its tokenized equities offering through its partnership with Ondo Finance, listing new onchain representations of US stocks that trade against Tether on its platform. According to company announcements this week, the expansion includes 17 newly listed tokenized stock pairs and seven additional tokens tied to US defense and energy companies. The tokens are issued as ERC-20 assets on Ethereum and trade against Tether (USDT) pairs on the exchange. The underlying shares are held in regulated trust accounts and subject to quarterly third-party audits, with the…

Western Union teams up with Crossmint to expand USDPT stablecoin access on Solana

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Western Union, a global giant in consumer cross-border payments, and Crossmint, a blockchain infrastructure provider supporting tokenized assets and digital commerce, have teamed up to support the rollout of the U.S. Dollar Payment Token (USDPT), according to a recent blog post. Introduced last October, USDPT is Western Union’s first dollar-pegged stablecoin built on Solana. The token is expected to debut in the first half of 2026 and is aimed at streamlining international money transfers. It will be issued by Anchorage Digital Bank and tradable on partner exchanges. The firm also…

Backpack moves IPO allocations onchain through new Superstate integration

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Backpack CEO Armani Ferrante announced plans to bring initial public offering allocations onchain through a new partnership with Superstate, allowing users to access IPO shares directly through the Backpack platform on Solana. Ferrante said the initiative represents a new utility for the Backpack ecosystem that the company plans to build throughout the year. The goal is to allow users to receive IPO share allocations directly on Backpack before trading begins on traditional stock exchanges. Initial public offerings typically involve roadshows where founders pitch institutional investors who purchase shares before the…

The Giving Block Reports Stablecoin Donations are on the Rise

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The cryptocurrency fundraising platform Giving Block reported that it had seen a surge in donations with stablecoins in 2025 compared with previous years. In its annual report released on Wednesday, the Giving Block said there had been a “major shift” in donations using stablecoins, particularly with Ripple USD (RLUSD) and Circle’s USDC (USDC). The platform reported that it had facilitated more than $100 million in crypto donations in 2025, with more than $32 million coming through USDC, RLUSD, Tether’s USDt (USDT), Dai (DAI), and other stablecoins. “The trend is clear:…