Coinbase adds FTM and other perpetual futures Swift promotes the concept of shared ledgers

Headlines

▌Coinbase International will add support for FTM and RUNE perpetual futures

< p>Coinbase International Exchange issued a document stating that it will add support for Fantom and THORChain perpetual futures on Coinbase International Exchange and Coinbase Advanced. The FTM-PERP and RUNE-PERP markets will be launched at 17:30 on March 28, Beijing time or later. open.

▌Swift promotes the concept of a universal shared ledger based on messaging

Swift adopts the concepts of tokenization and shared ledgers , which can replace the need for messaging between financial institutions. Swift currently operates a global messaging layer, and a global shared ledger may eventually cause that layer to disappear. It initially believed that in addition to a shared ledger of payments, rich data would be needed, such as that required for anti-money laundering (AML). Ideally, data would be communicated via messaging. It then suggested that the ledger could be based on an adapted version of its centralized Swift transaction manager.

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Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 65,510.6 US dollars, with fluctuations during the day. Frame-1.59%;

ETH Recent The transaction price was US$3487.89, and the intraday increase or decrease-0.26%;< /p>

BNB’s recent transaction price was US$553.5, with an intraday increase or decrease of -0.90% strong>;

ORDI’s recent transaction price was US$64.30, with an intraday increase or decrease of -3.68%;

The recent transaction price of DOGE was US$0.1541, with intraday gains and losses-1.78%;

SOL’s recent transaction price was US$178.89, with an intraday increase or decrease-3.49%.

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Policy

▌A new bill in Estonia will bring it into compliance with the EU MiCA Regulation

The Estonian government has approved a bill to regulate cryptocurrency service providers, which will also need to pass a parliamentary vote. The bill will make Estonia comply with the EU Crypto Asset Market (MiCA) regulation. Under the legislation, providers will be regulated by the Financial Supervisory Authority (FSA). Currently, cryptocurrency service providers are registered by the Financial Intelligence Unit (FIU) and must comply with anti-money laundering (AML) rules. The FSA will start issuing licenses in 2025, and FIU license holders must apply for an FSA license before the end of that year. Estonian Finance Minister Mart Võrklaev said he believes anyone who takes the issue seriously and wants to provide services will be able to obtain a new license from the Financial Supervisory Authority.

▌Montenegro’s Supreme Court will investigate the extradition case of Terra co-founder Do Kwon

According to According to market news, the Supreme Court of Montenegro will investigate the extradition case of Terra co-founder Do Kwon.

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Blockchain Applications

▌Core Foundation Launched Core Venture Network

The Core Foundation launched the Core Venture Network with US$15 million to support the development of blockchain in emerging markets and aims to empower the economy and digital innovation through Core Chain. The program provides comprehensive support, including financial support, mentorship and a network of investors, aimed at making progress in decentralized finance and digital innovation globally.

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Cryptocurrency

▌Decentralized Stablecoin Project Frax Finance passes a proposal to restore the protocol fee switch

The decentralized stablecoin project Frax Finance passed a new proposal to advance the process of restoring the protocol fee switch. Frax Finance wrote in Thursday’s proposal, “We propose to turn the protocol fee switch back on, with 50% of proceeds going to veFXS and the other 50% being used to purchase FXS and other Frax assets in the FXS Liquidity Engine (FLE) Paired, FLE will allow Frax to continue building its balance sheet while significantly increasing the liquidity of FXS and its paired Frax assets." 

The proposal also details that a new token economic system will How to fully mortgage the decentralized stablecoin FRAX, and also put forward suggestions for enhancing the income structure. Regarding its illiquid nature of the staking reward veFXS, once this proposal is passed, veFXS stakers will receive full protocol fees, which will be added to the veFXS revenue allocator on the Ethereum mainnet, and soon to the veFXS revenue distribution contract on Fraxtal.

▌JPMorgan Chase: Bitcoin may fall to $42,000 after halving

A report from investment bank JPMorgan Chase states that Bitcoin (BTC) remains in overbought territory. Cryptocurrencies have been suffering losses since the beginning of the week. Bitcoin positions improved slightly on Thursday, but on Friday, BTC had fallen to $64,808. JPMorgan analysts predict that pressure will intensify in the coming days. They did not rule out Bitcoin falling below $50,000 if sellers become more active. After the halving, the pressure will not weaken, it will only increase. Therefore, the digital currency may fall to $42,000. JPMorgan head of research Nikolaos Panigirtzoglou said futures prices remain higher than spot prices, suggesting the asset is overbought.

▌BoErnstein Analyst: Cryptocurrency Market Value Will Reach $7.5 Trillion in 2025

Bernstein Analyst predicts that the overall market value of cryptocurrency will surge sharply and will reach $7.5 trillion by 2025 $7.5 trillion. As highlighted by analysts at Bernstein and reported by Bloomberg, this growth trajectory is expected to be driven primarily by the Bitcoin and Ethereum ecosystems and driven by unprecedented growth in institutional adoption.

▌Compass Coffee partners with Coinbase to accept cryptocurrency payments

Compass Coffee partners with Coinbase to accept cryptocurrency payments, offering 90% off purchases with USDC while also offering unique NFTs as Collectibles and coffee coupons. This initiative demonstrates the efficiency and economic benefits of stablecoins and blockchain technology, setting a precedent for the adoption of cryptocurrencies in daily retail transactions.

< strong>▌Slerf and LBank completed the first refund of a total of 3,800 SOL

After Slerf and the LBank team initiated donations to Slerf’s user recruitment, a total of nearly 24 hours was raised. 4,000 Solana (SOL). According to on-chain data, 3,800 SOLs have been refunded, and the refund targets are small users who participated in Slerf’s early fundraising. As of press time, the donation is still in progress, and the Slerf team stated that it will provide airdrop rewards to donating users after the donation is completed. The content of the airdrop has not been announced yet.

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Important economic trends

▌The three major U.S. stock indexes continue to hit record highs

The three major U.S. stock indexes collectively closed higher and continued to hit record highs. The Dow rose 0.68%, the S&P 500 rose 0.32%, and the Nasdaq rose 0.2%. Reddit's U.S. IPO surged over 47% on its first day, with the IPO price being $34 per share.

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Golden Encyclopedia

▌What is a Pump and Dump Scheme in Cryptocurrency?

A “pump and dump” scheme involves an organized entity or group of individuals artificially inflating the price of a cryptocurrency token and then selling its holdings of the cryptocurrency for profit profits, causing investors to suffer losses. Fraudsters artificially inflate prices by spreading misleading information about the tokens and orchestrating demand for the tokens by coordinating purchases.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.