Welcome to our 212th issue of State of the Market, where we provide an overview of crypto market activity from March 6 – March 12, 2025.
This week in crypto markets:
- Volatility continues to pressure crypto markets as trade policies and geopolitical tensions weigh on economic growth.
- President Trump signed an executive order to establish a U.S. Strategic Bitcoin Reserve, capitalized by ~200K forfeited BTC held by the Department of Treasury.
- The Office of the Comptroller of the Currency (OCC) reaffirmed that a range of cryptocurrency activities are permissible in the federal banking system.
- Cboe filed amendments to allow Ether staking in Fidelity’s ETF amid new filings for other altcoin ETFs.
- Strategy (MSTR) launched $21B at-the-market (ATM) offering of its Series A preferred stock (STRK) to fund further bitcoin purchases.
- Coinbase secured approval to resume crypto trading in India, while Binance received a $2B investment from UAE state-backed MGX.
- Solana’s SIMD-228 proposal to implement a dynamic inflation model was approved.
Brought to you by coinmetrics.io
