News
MetaMask now features Blockaid-powered security alerts by default across multiple chains. This includes Ethereum, Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche. Link
According to NFTgators, eBay is revising its NFT strategy which is resulting in the layoff of over 30% of its Web3 team. Stef Jay, the business and strategy officer for the Web3 division, has stepped down. Link
Bitcoin reserves on Coinbase have dropped to their lowest since 2015, with whales withdrawing $1 billion in BTC. Link
Ether has reached $3,000 for the first time since 2022, driven by speculation around a potential spot ETF. Link
The CME is set to introduce euro-denominated micro bitcoin and ether futures on March 18th, subject to regulatory consent. This announcement comes after a significant increase in open interest and trading volume for CME's bitcoin and ether futures last month. Link
Bloomberg reports that the British government aims to secure legislative approval for new regulations on stablecoins and crypto asset staking services within six months, amid increasing urgency to present definitive proposals before the upcoming election. The UK Treasury had committed in October to clarifying certain aspects of cryptocurrency regulation by 2024. Link
Projects
Liquid Restaking - The total value locked in liquid restaking tokens has surpassed $3.5 billion. Protocols such as Etherfi, Renzo, Kelp, Puffer and Bedrock have experienced a notable increase in deposits. Link
Starknet - Starknet's native token is scheduled for launch today, with trading on centralised exchanges starting around 8 a.m. ET. Airdrop claims for Starknet’s token distribution begin at 7 a.m. ET, involving over 700 million STRK, which represents 7% of the total 10 billion supply. Link
MASK - The $MASK Network and its Bonfire Union Funds have reached a $100 million milestone to further support decentralised social protocols. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.