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NewsBriefs - Tether launches Alloy, a new gold-backed digital asset

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  • Crypto Briefing

    Tether launches Alloy, a new gold-backed digital asset

    Tether introduced Alloy, a new digital asset backed by its Tether Gold and pegged to the US dollar, aimed at blending the stability of gold with digital currency benefits. Alloy allows users to mint tokens using Tether Gold as collateral on the Ethereum mainnet, facilitating diverse asset management opportunities. This innovation is part of Tether's broader strategy to expand beyond traditional crypto products into areas like education, AI, data, and Bitcoin mining, while investing $1 billion in startups by 2025.

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    • Cointelegraph

      Kentucky governor Andy Beshear enacts Bitcoin Rights bill

      Kentucky governor Andy Beshear signed the Bitcoin Rights bill into law, establishing legal protections for crypto users’ rights such as self-custody and operation of nodes without discrimination. The bill, HB701, introduced by Rep Adam Bowling, also safeguards crypto mining activities from local zoning changes and clarifies that crypto mining and staking are not considered securities. This comes as Bitcoin legislation progresses in another US state, where Oklahoma and Arizona are advancing their digital asset initiatives.

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      Cointelegraph

    • Globe Newswire

      Dogecoin Foundation's corporate arm launches Official Dogecoin Reserve to enhance payment efficiency

      House of Doge, the business arm of the Dogecoin Foundation, has launched the Official Dogecoin Reserve, buying 10 million Dogecoin to promote Dogecoin as a mainstream global payment option. This reserve aims to solve the transaction lag prevalent in digital currencies by enhancing payment efficiency at checkouts. The Reserve's initiation represents a significant development in making Dogecoin a reliable, scalable global currency for everyday transactions and merchant acceptance.

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      Globe Newswire

    • The Block

      Polymarket expands capabilities with SOL deposits on Solana

      Polymarket has introduced the option for users to deposit SOL on its platform, expanding beyond the previous requirement of using USDC stablecoins. Operating on the Polygon network, the crypto prediction platform is enhancing its accessibility by incorporating Solana, which ranks just above USDC in terms of market capitalization. This move aims to rejuvenate user engagement following a slight decline since peaking during the US presidential elections.

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      The Block

    • The Block

      Trump Media partners with Crypto.com to launch 'Made in America' ETFs

      Trump Media and Technology Group has partnered with Crypto.com to create exchange-traded funds (ETFs) and products focused on digital assets and US-based securities under the Truth.Fi brand. The ETFs will feature a basket of cryptocurrencies including Bitcoin and Cronos, and will be supported by Crypto.com's technology and custody services. These ETFs, awaiting regulatory approval, aim to support American innovation and economic growth and will be available internationally through Foris Capital US.

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      The Block

    • The Block

      Standard Chartered tests Mag 7B index, replaces Tesla with Bitcoin for better returns and stability

      Standard Chartered developed a modified version of the 'Magnificent 7' tech index, named 'Mag 7B', by substituting Tesla with Bitcoin. The bank's analysis revealed that Mag 7B outperformed the original Mag 7 index, demonstrating higher returns and lower volatility. This shift indicates Bitcoin's potential dual role as a tech stock and a hedge against traditional finance risks, suggesting increased institutional investment in Bitcoin could be advantageous.

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      The Block

    • DWF Labs

      DWF Labs launches $250M liquid fund to boost growth in web3

      DWF Labs is launching a $250 million Liquid Fund to accelerate the growth of mid and large-cap crypto projects. This initiative is part of DWF Labs' active investment strategy in the crypto industry, having recently committed $11 million to different blockchain projects, with upcoming investments totaling $35 million. The fund will support strategic venture capital and ecosystem enhancements in the crypto space, focusing on liquidity, DeFi activity, lending markets, public relations, and comprehensive go-to-market strategies, aimed at increasing real-world crypto adoption and industry innovation.

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      DWF Labs

    • dYdX

      dYdX initiates first-ever DYDX Buyback Program

      The dYdX community has launched its first-ever DYDX Buyback Program, allocating 25% of net protocol fees towards monthly buybacks of DYDX tokens from the open market to stake and enhance network security. This initiative is part of a broader strategy aimed at aligning tokenomics with the protocol's growth, ensuring long-term sustainability and strengthening the role of DYDX tokens within the ecosystem.

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      dYdX

    • The Block

      Fidelity introduces Ethereum-tracked 'OnChain' shares for Treasury money market fund

      Fidelity Investments is launching 'OnChain,' an Ethereum-based blockchain share class for its Treasury money market fund. This new class will provide transparent and verifiable tracking of share transactions on the Ethereum blockchain, while maintaining traditional records for official ownership. The initiative reflects a growing trend of integrating blockchain technology into traditional financial instruments, with the market for tokenized US Treasury securities currently valued at about $4.77 billion.

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      The Block

    • The Block

      Coinbase in advanced talks to buy Deribit

      Coinbase is in advanced talks to acquire Deribit, a leading platform for trading Bitcoin and Ether options. The discussions have involved notifying regulators in Dubai, where Deribit holds a license. Bloomberg sources suggest no final agreement has been reached yet, although earlier reports valued Deribit between $4 billion and $5 billion.

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      The Block

    • TON

      TON Foundation clarifies $400M in Toncoin held by top US VCs, not raised

      TON Foundation has clarified that it has not raised $400 million. Instead, leading US venture capital firms including Sequoia Capital, Ribbit, Benchmark, and Kingsway have invested this amount in buying Toncoin. These firms are supporting the TON blockchain, which powers apps within the Telegram ecosystem, with over 40 million active users and 121 million Toncoin holders. The investment was made in Toncoin rather than traditional equity or cash.

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      TON

    • Maiga.ai

      MAIGA partners with io.net to supercharge AI-driven trading analysis

      MAIGA has announced a partnership with io.net to utilize their IO Intelligence AI model, aiming to boost its AI-driven trading analysis. This collaboration will incorporate open-source AI models such as Deepseek R1 and Llama 3.3, offering MAIGA advanced tools for real-time market insights and predictive analytics, thereby enhancing decision-making and operational efficiency in token trading.

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      Maiga.ai

    • The New York Times

      Eminem's ex-employee charged with leaking 25 tracks for $50,000 in Bitcoin

      Joseph Strange, a former sound engineer for Eminem, was charged with copyright infringement and interstate transportation of stolen goods for illegally selling the rapper's unreleased tracks. Strange allegedly sold 25 songs, which Eminem wrote between 1999 and 2018, for about $50,000 in Bitcoin without consent from Eminem or Interscope Capital Labels Group. The US Attorney's Office for the Eastern District of Michigan stated the charges after authorities were alerted to the leaks by current employees. If convicted, Strange faces significant prison time and fines.

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      The New York Times

    • Metaplanet

      Eric Trump joins Metaplanet's Strategic Board of Advisors

      Eric Trump has joined the Strategic Board of Advisors at Metaplanet to leverage his business expertise and passion for Bitcoin (BTC), aiding the company's growth as a leading Bitcoin treasury firm.

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      Metaplanet

    • The Block

      Senate to hold confirmation hearing for SEC Chair nominee Paul Atkins on March 27

      The US Senate will conduct a confirmation hearing on March 27 for Paul Atkins, nominee for SEC Chair, known for his support of the crypto industry. Atkins, nominated by President Donald Trump, founded Patomak Global Partners and has ties with crypto exchanges and DeFi platforms. The hearing was delayed due to financial disclosure complications. Pending crypto-related decisions at the SEC, including reviews on spot crypto ETF proposals, could be influenced by Atkins' confirmation.

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      The Block

    • The Block

      OCC ends reputation risk supervision after backlash from crypto industry

      The Office of the Comptroller of the Currency (OCC) has ceased examining banks for reputation risk, a move influenced by criticism from the crypto industry. This change is part of broader efforts to improve transparency in the OCC's examination processes and ensure that banks can manage their own business decisions without undue influence from federal regulators. Additionally, the OCC has recently affirmed that crypto activities are permissible within the federal banking system, reversing previous restrictions. This comes amid legislative efforts to limit regulators' use of reputation risk in supervisory roles.

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      The Block