NewsBriefs - Solana transaction fees hit lowest level since September 2024

Mar 10, 11:01 PM The Block

Solana transaction fees hit lowest level since September 2024

Transaction fees generated on the Solana network have dropped to 53,800 SOL, the lowest weekly amount since September 2024, with 77% attributed to non-vote fees. This rate marks a 10% decrease from the previous week and is significantly lower than the 25% average weekly decline over the past six weeks. The downturn follows the network's peak during the $TRUMP and $MELANIA memecoin launches, which saw fees as high as 361,000 SOL. Current metrics, including a 35% drop in the 7-day moving average of active addresses and significant declines in Jito validator tips, coincide with almost a 50% plunge in SOL price since January 20.

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• Mar 11, 2:30 PM PRNewswire

  Cantor Fitzgerald collaborates with Anchorage Digital and Copper to expand Bitcoin financing

  Cantor Fitzgerald has partnered with Anchorage Digital and Copper as collateral managers and custodians for its new global Bitcoin financing business. This initiative aims to provide leverage to institutional investors holding Bitcoin, ensuring high security and resilience through Anchorage Digital and Copper's robust security architecture. Anchorage Digital brings expertise from operating the only federally chartered crypto bank in the US, while Copper offers comprehensive digital asset services, including custody, and collateral management. The partnership starts with $2 billion in initial financing, with plans for future expansion.

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• Mar 11, 2:25 PM The Block

  Cboe BZX Exchange files for staking addition in Fidelity's Ethereum ETF amid market challenges

  Cboe BZX Exchange has submitted a rule change proposal to the US Securities and Exchange Commission to enable staking for Fidelity Investments' Ethereum ETF, FETH. This move comes as FETH experiences a decrease in assets under management due to falling ether prices, reflective of the broader crypto market downturn. The proposal aims to allow staking of ether through trusted providers, with generated rewards treated as income. This feature was not included in initial Ethereum ETF approvals.

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• Mar 11, 2:00 PM Business Wire

  Bitwise launches first ETF tracking Bitcoin-heavy companies

  Bitwise Asset Management launched the Bitwise Bitcoin Standard Corporations ETF (ticker: OWNB), the first ETF to track the Bitwise Bitcoin Standard Corporations Index, which includes companies holding at least 1,000 bitcoins. Major index holdings at inception are Strategy, MARA Holdings, CleanSpark, Riot Platforms, and others. This ETF provides investors with exposure to companies that leverage bitcoin as a strategic reserve asset, reflecting a broader trend of corporates increasingly treating bitcoin akin to traditional safe-haven assets.

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• Mar 11, 10:00 AM Texas Legislature Online

  Texas introduces new $250 million Bitcoin reserve bill, HB 4258

  Texas has introduced HB 4258, a legislative proposal to allocate $250 million from its economic stabilization fund to Bitcoin and other digital assets. This new bill follows the earlier SB 778, which recently gained bipartisan support in the Senate. HB 4258, set to take effect in 2025 if passed, allows municipalities and counties to invest up to $10 million in digital assets and marks the state's second attempt to establish a digital asset reserve. This move is part of Texas' broader strategy to integrate Bitcoin into its financial framework, highlighted by the Texas Blockchain Council as aligning with the state's significant industrial convergence in the Texas Triangle.

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• Mar 11, 8:35 AM Cointelegraph

  Deutsche Boerse's Clearstream to launch institutional crypto custody services in 2025

  Deutsche Boerse's trading unit Clearstream is set to offer Bitcoin and Ether custody and settlement services starting April 2025 to meet the increasing demand from over 2,500 institutional clients. The services, leveraging Crypto Finance AG, also plan to include additional cryptocurrencies, staking, lending, and brokerage. This initiative complements a wider European trend towards regulated crypto infrastructures following the full implementation of MiCA regulations.

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• Mar 10, 11:01 PM The Block

  Solana transaction fees hit lowest level since September 2024

  Transaction fees generated on the Solana network have dropped to 53,800 SOL, the lowest weekly amount since September 2024, with 77% attributed to non-vote fees. This rate marks a 10% decrease from the previous week and is significantly lower than the 25% average weekly decline over the past six weeks. The downturn follows the network's peak during the $TRUMP and $MELANIA memecoin launches, which saw fees as high as 361,000 SOL. Current metrics, including a 35% drop in the 7-day moving average of active addresses and significant declines in Jito validator tips, coincide with almost a 50% plunge in SOL price since January 20.

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• Mar 10, 5:04 PM The Block

  CleanSpark to join S&P SmallCap 600 despite share and BTC price declines

  US-based bitcoin miner CleanSpark will join the S&P SmallCap 600 index later this month. Despite the company's inclusion, CleanSpark shares fell approximately 5%, paralleling a 4% decline in bitcoin prices. According to CleanSpark's CEO, this move is expected to increase visibility and offer investors enhanced exposure to their vertically integrated Bitcoin mining model. Last year, CleanSpark reported a significant revenue increase with $162.3 million in the fourth quarter.

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• Mar 10, 1:00 PM PRNewswire

  REX-Osprey files for first Movement ETF in the US

  Movement Network Foundation announced the filing of a new ETF by REX-Osprey focused on the $MOVE token, marking the first of its kind to offer exposure to the Movement ecosystem through traditional financial channels. Concurrently, the Foundation has successfully launched its Public Mainnet Beta, achieving a Total Value Locked of $250M at launch. The ETF aims to provide traditional investors with regulated access to Movement, leveraging the Move programming language for more secure, efficient smart contracts.

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• Mar 10, 12:00 PM Tether

  Thailand SEC approves Tether USD₮ as an accepted cryptocurrency

  Thailand's Securities and Exchange Commission has approved Tether's USD₮ as a recognized cryptocurrency, enabling its trade on regulated exchanges and use in payments, reflecting the country's progressive stance on digital asset innovation. This approval, effective from March 16, 2025, aligns with Thailand's updated digital asset regulations aimed at enhancing industry flexibility and investor choice. The recognition of USD₮, a globally leading stablecoin with a $142 billion market cap, marks a significant advancement in the integration of stablecoins into Thailand's financial landscape.

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• Mar 10, 6:00 AM BBVA

  Spain's major bank BBVA to offer Bitcoin, Ether trading and custody services

  BBVA has received authorization from the Spanish Securities and Exchange Commission to provide Bitcoin and Ether trading and custody services in Spain. The service, set to be launched initially for a select group of users and later expanded to all private customers, is in compliance with the Markets in Cryptoassets Regulation. BBVA's platform allows customers to manage their crypto transactions through its app alongside traditional banking activities. This service, which does not include advisory support, leverages BBVA's own cryptographic key custody platform.

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• Mar 8, 10:02 PM Bitcoin Sistemi

  White House official X account promotes Bitcoin as US superpower

  A post on the White House's official X account declared America as the world's Bitcoin superpower and featured US President Donald Trump signing the Bitcoin Strategic Reserve Executive Order. This Bitcoin-endorsing post, along with a photograph including cryptocurrency and artificial intelligence chief David Sacks, sparked criticism from economist Peter Schiff, who questioned the appropriateness of using presidential office resources for promoting crypto interests.

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• Mar 7, 9:28 PM The Block

  President Trump pushes for stablecoin bills before August and aims to end crypto debanking

  President Donald Trump aims to have stablecoin legislation on his desk by August, as expressed at the first White House crypto summit. The summit involved key players from the crypto industry and government officials. Trump also plans to end Operation Choke Point 2.0, which has affected crypto companies' banking capabilities in the US. Additionally, Trump signed an executive order establishing a strategic bitcoin reserve funded by seized assets, addressing initiatives for a digital asset stockpile which does not involve additional crypto purchases by the government.

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• Mar 7, 1:19 PM Bloomberg

  Nasdaq announces plans for 24-hour trading in 2026

  Nasdaq is set to introduce 24-hour trading on its equities exchange by the second half of 2026, pending necessary regulatory approvals and industry alignment. This move aims to cater to growing global demand for US stocks and follows similar initiatives by other exchanges like Cboe and the New York Stock Exchange. Despite concerns about increased volatility and transaction costs due to extended hours, Nasdaq plans to collaborate with industry participants to address these challenges and improve investor confidence in US capital markets.

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• Mar 7, 1:13 PM The Block

  Senator Elizabeth Warren demands public disclosures from David Sacks amid crypto policy development

  Senator Elizabeth Warren requested David Sacks, assigned as President Trump's crypto chief, to publicly reveal any financial disclosures filed with the government to address potential conflicts of interest. This comes in light of recent orders by Trump to establish a US Strategic Bitcoin Reserve and to start establishing crypto policies potentially impacting the market. Concerns revolve around selectively inflating crypto values and lax enforcement on crypto regulations. Sacks has denied holding significant indirect crypto assets and confirmed selling all his cryptocurrency investments, citing his commitment to transparency amidst ongoing official ethics review.

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• Mar 7, 3:53 AM White House

  President Trump establishes the Strategic Bitcoin Reserve and US Digital Asset Stockpile

  President Donald J. Trump signed an Executive Order to create a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, aiming to position the US as a leader in governmental crypto strategy. This reserve will treat bitcoin as a reserve asset and retain bitcoins from forfeiture proceedings, without selling them. Additional bitcoin acquisitions will occur without extra taxpayer costs. The US Digital Asset Stockpile will hold other digital assets obtained through forfeiture, with the Treasury having authority over potential sales. This action centralizes the management of seized crypto assets, aiming for enhanced national wealth and protection.

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