Welcome to our 213th issue of State of the Market, where we provide an overview of crypto market activity from March 13 – March 19, 2025.
This week in crypto markets:
- The Federal Reserve left rates steady at the FOMC meeting, with Bitcoin rebounding past $85K as markets digested Jerome Powell’s comments.
- Ethena Labs and Securitize announced Converge, a blockchain settlement layer bridging TradFi and DeFi.
- Coinbase launched Verified Pools on Base, introducing KYC-integrated DeFi liquidity for institutions using Uniswap V4 hooks.
- Aave proposed Horizon, allowing tokenized money market funds (MMFs) as collateral for stablecoin borrowing.
- Solana (SOL) futures began trading on the Chicago Mercantile Exchange (CME) on March 17.
- Ripple CEO Brad Garlinghouse said the SEC dropped its appeal against Ripple, ending the 4-year legal battle.
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