Gate Cryptocurrency News and Market Analysis

Mastercard is acquiring stablecoin infrastructure company BVNK for up to $1.8 billion, a move aimed at protecting its market position in cross-border transactions as stablecoins threaten 37% of its revenue. BVNK will help Mastercard integrate stablecoin payments, improve settlement efficiency and reduce costs, while addressing regulatory challenges. User experience may remain unchanged in the future, but settlement speed and costs are expected to improve.

Hyperliquid's HIP-3 board has achieved billion in trading volume over the past 7 days, primarily driven by WTI crude oil contracts, demonstrating strong market activity. Powered by the US-Iran conflict, the platform's 24/7 trading functionality has made it an important source for price discovery, replacing traditional exchanges. As Hyperliquid adapts to CFTC regulations, it aims to maintain financial neutrality, but how to balance compliance requirements with the advantages of decentralized trading remains a challenge.

DeFiLlama reported that Altura ($ALU) leads in weekly Total Value Locked (TVL) growth among crypto projects, with a 45.4% increase. SynFutures ($F) follows, and other projects like APWine Finance ($APW) and Qubic ($QUBIC) show significant market cap differences.

Hailey Welsh suffered significant trauma from the collapse of meme coin HAWK, which she helped promote in 2024. The token's market value plummeted 91% from $490 million. Following an FBI investigation that cleared her of wrongdoing, Welsh faced death threats and experienced mental health damage. She continues to emphasize questions about the boundaries of promotional responsibility.

Two NYSE-affiliated venues have scrapped the 25,000-contract cap on options tied to 11 crypto ETF options, a move the exchanges filed with the Federal Register on March 10. The Securities and Exchange Commission acknowledged the rule alterations on Sunday by waiving the standard 30-day waiting

There are losses in crypto that feel distant. Hacks that happen to “other people.” Rug pulls in projects you never touched. But this one hits differently, because it looks like something any active user could have done on a normal day. A trader executed what should have been a routine swap using

NYSE Arca and NYSE American have submitted rule changes to the U.S. Securities and Exchange Commission to eliminate position limits on options contracts for spot Bitcoin and Ethereum ETFs. This change aligns cryptocurrency ETF trading rules with standards for other commodity-class ETFs and allows institutions to design customized options products, expanding their market strategies and execution capabilities. According to market standards, position limits for large ETFs can exceed 250,000 contracts.

NYSE Arca and NYSE American have removed the 25,000-contract position and exercise limits on options tied to 11 spot Bitcoin and Ether exchange-traded funds (ETFs), with the rule changes filed on March 10, 2026, becoming immediately effective after the Securities and Exchange Commission (SEC) waived the standard 30-day waiting period.

Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.

Elon Musk's ambitious project "SpaceXAI + Tesla TERAFAB" aims to achieve one trillion watts of computing power per year by integrating AI capabilities with a new manufacturing method. Musk envisions primarily utilizing space for energy-efficient computing to overcome Earth's limitations.

SkyBridge Investment Company partner Scaramucci stated that Bitcoin's four-year halving cycle remains effective, with the current bear market representing a normal pullback, predicting another bull market for Bitcoin in 2026. The market's collective belief is self-fulfilling, and pessimistic sentiment similar to historical patterns could present entry opportunities. Although institutional investors influence cyclical volatility, the fundamental nature of the halving cycle has not changed.

USR stablecoin suffered an attack where an attacker exploited a vulnerability in the minting contract to mint over 80 million unsecured tokens from approximately 200,000 USD USDC, causing its collapse to 0.025 USD in the Curve Finance liquidity pool. This incident led to liquidity depletion, impacting multiple DeFi platforms and prompting renewed focus on stablecoin regulatory issues.

Uniswap Labs is back with another eye-catching milestone, this time highlighting the scale of activity flowing through layer-2 networks on the Uniswap Protocol. In a post shared by the team, Uniswap said L2 swap volume has crossed the $1 trillion mark, pairing the message with the phrase “Pink

Bitcoin declined to $67,979.57 today, primarily affected by US-Iran tensions, higher-than-expected US PPI data, and whale short-selling activity. Global markets face stagflation pressure, with $70,000 serving as a key support level. If this level is breached, prices could potentially decline to $68,000.

A report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The document advises holding “moderately ample” levels of foreign reserves, with dollar bonds being their l

China’s digital renminbi CBDC has expanded its banking support to over 20 institutions, but its adoption remains slow due to its low yields and broader market competition. The People’s Bank of China (PBOC) has expanded the digital renminbi’s banking support by 12 more institutions. China’s