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Former Coinbase CTO Balaji Srinivasan has argued for the need to develop crypto-based financial tools in response to the rise in conflicts and the spread of refugees, Cointelegraph reported. He stated that more crypto tools should be created for refugees and stateless people. Srinivasan emphasized the role of decentralized networks, describing blockchain as the internet's "wartime mode" that can operate even during war, infrastructure collapse, or financial sanctions. However, the report also noted that some critics point out the crypto industry has not been particularly active in developing services for refugees. He added that while stablecoins are already spreading as borderless digital currencies, "more tools are still needed."

The U.S. Internal Revenue Service (IRS) has introduced a new crypto transaction reporting form, 1099-DA, starting this year, which could complicate the tax season for 2025 transaction earnings, The Block reported. The new form establishes a reporting system where exchanges submit user crypto transaction data to both investors and the IRS. However, exchanges are only required to report gross proceeds from asset sales and will not provide cost basis information, which is the actual purchase price. This means investors must calculate their own cost basis to report their actual profits and losses. Lawrence Zlatkin, vice president of tax at Coinbase, explained that the tax filing process this year could be confusing for many investors because the 1099-DA only reports gross proceeds. The reporting burden is expected to be particularly heavy for investors using multiple exchanges and wallets, as well as for users who have engaged in DeFi transactions or received staking rewards, as they will need to reconstruct their transaction records themselves. Shehan Chandrasekera, head of tax strategy at CoinTracker, said it is nearly impossible for DeFi investors using multiple wallets and exchanges to settle their taxes manually. The tax filing process is expected to become simpler for transactions starting in 2026, as the system will be expanded to require exchanges to report both gross proceeds and cost basis to the IRS.

Analyst Doctor Profit has argued that XRP is currently "criminally undervalued," The Crypto Basic reported. He explained that XRP's monthly Relative Strength Index (RSI) has fallen to around 43, a level similar to the bear market bottom in 2022. Doctor Profit noted that in the past, when the monthly RSI reached this range, a price bottom was established, followed by a rebound, suggesting the current level could be a potential buying opportunity. XRP is currently trading at around $1.39, down approximately 24% this year. However, some market participants have raised the possibility of a further short-term decline to under $1, suggesting potential for increased volatility.

Coinbase CEO Brian Armstrong has endorsed billionaire investor Stanley Druckenmiller's optimistic outlook on stablecoins, U.Today reported. Armstrong shared an interview with Druckenmiller, stating, "Druck is right." Previously, in an interview with Morgan Stanley, Druckenmiller predicted that the global payment system would become heavily reliant on stablecoins within the next 10 to 15 years. He emphasized that blockchain-based assets could solve the speed and cost issues inherent in traditional payment systems. Market analysts note that stablecoins are increasingly viewed as a potential cornerstone of international remittance and payment infrastructure, owing to their fast settlement times, low transaction fees, and price stability.

XRP community influencer Arthur has alleged that recent price movements in the token are the result of organized manipulation, The Crypto Basic reported. He claimed that a pattern has emerged eight or nine times since February where XRP rallies to a key resistance level before the U.S. stock market opens, only to drop sharply immediately after. Arthur noted that despite positive news, including multi-billion dollar mergers and acquisitions and ETF inflows, XRP remains roughly 44% below its recent high and faces strong selling pressure on every breakout attempt. While some interpret this activity as profit-taking and liquidity shifts coinciding with the U.S. market open, Arthur countered that the pattern is too precise and repetitive to be a coincidence.

The market capitalization of USDC has climbed to approximately $79.2 billion, nearing its all-time high of $80 billion, Cointelegraph reported. The stablecoin's circulating supply has expanded rapidly in recent weeks, driven by growing demand, particularly in the Middle East. Dubai-based analyst Rami Al-Hashimi suggested that fears of war are causing capital flight from the region, with investors shifting from traditional holdings to stablecoins. He added that a roughly 27% drop in Dubai real estate prices this month has further accelerated this shift to digital assets.

Former UK Prime Minister Boris Johnson stated on his social media that he has long suspected Bitcoin is a giant Ponzi scheme, adding that he is now hearing tragic stories that make him fear he was right. He outlined several issues with Bitcoin, including the absence of a central authority like a central bank, a lack of intrinsic value, its sole reliance on trust, and high costs such as complex fee structures.

Binance Wallet has announced that the participation limit for the Katana (KAT) Prime Sale is set at 3 BNB per user. Users will be able to claim a KAT Key on the BSC network after the pre-token generation event (Pre-TGE) phase concludes. The actual KAT tokens are scheduled to be airdropped to users' Binance Alpha accounts on the day of the token generation event (TGE).

Balaji Srinivasan, former chief technology officer at Coinbase, has called for the development of more crypto-based tools for refugees and stateless people. In a post on X (formerly Twitter), Srinivasan argued that the number of refugees and stateless individuals is unfortunately set to increase across all social classes. He described cryptocurrency as being inherently suited for crisis situations, noting that public blockchains are designed to resist data center attacks, hacking, and network shutdowns. Srinivasan added that stablecoins have already reached mass adoption in the crypto space and are having a tangible global impact, including new gold-backed stablecoins, and that more can be done to help.

Nasdaq-listed mining firm Bitdeer sold all the Bitcoin it mined this week. The company announced that it mined 158.8 BTC and subsequently sold the entire amount. Bitdeer has maintained its strategy of holding zero BTC since February.

Coinbase is in talks to acquire an equity stake in Bybit as part of a plan to facilitate the latter's entry into the U.S. market, Wu Blockchain reported. The deal would reportedly value Bybit at around $25 billion, a figure comparable to the valuation OKX received when it was backed by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). Bybit has not yet released an official statement on the matter.

Noted Silicon Valley investor and Bitcoin advocate Tim Draper predicted on a recent TV program that declining trust in fiat currency will ultimately drive businesses and consumers to Bitcoin. He argued that people will grow tired of watching the value of one dollar drop to 90 cents, then 80, and then 70, before eventually plummeting toward zero. Once that tipping point is reached, Draper continued, businesses will quickly reconsider their payment methods. He added that if he were a retailer, his first move would be to post a sign accepting Bitcoin.

U.S. House Financial Services Committee Chairman French Hill said in an interview with Fox Business that the proposed CLARITY Act will be key to resolving outstanding issues from the GENIUS Act. He emphasized that a bipartisan agreement has been reached on the principle that stablecoins should not pay interest. Hill added that ensuring equal treatment for both bank and non-bank issuers is a key goal, noting that detailed rules on interest payments will be addressed through regulations from the Treasury Department.

BlackRock, the world's largest asset manager, has outlined a cautious strategy for its crypto exchange-traded funds (ETFs), stating it will prioritize market maturity and fundamentals over complex or experimental structures. Robert Mitchnick, the firm's Head of Digital Assets, emphasized this approach while commenting on what he described as "exotic" products from other managers. The firm successfully launched its Staking Ethereum ETF (ETHB) on Thursday, attracting $43.5 million in its first day of trading. BlackRock is also preparing an income ETF that will use Bitcoin futures options to generate additional returns. Mitchnick added that investors in the BlackRock Bitcoin ETF (IBIT) have shown a strong tendency for long-term holding, often buying during market downturns.

U.S. spot Ethereum ETFs recorded $26.69 million in net inflows on March 13, their fourth consecutive day of positive flows, according to data from SoSoValue. - BlackRock's ETHA: +$32.39 million - Fidelity's FETH: -$7.86 million - Bitwise's ETHW: +$890,000

U.S. spot Bitcoin ETFs recorded approximately $180 million in net inflows on March 13, according to data from SoSoValue. This marks the fifth consecutive trading day of net inflows. - BlackRock's IBIT: +$144 million - Fidelity's FBTC: +$23.24 million - Bitwise's BITB: +$3 million - Ark Invest's ARKB: +$2.36 million

The Bitcoin network could survive the simultaneous failure of 72% to 92% of the world's subsea cables, according to an analysis of 11 years of network data by the Cambridge Centre for Alternative Finance. The study found the network is highly resilient to random accidents, noting that past large-scale outages impacted only 0.03% of global nodes. However, the network is vulnerable to targeted attacks on specific hosting providers or key points. An attack on the top five hosting companies—Hetzner, Amazon, and Google—could paralyze the network by eliminating just 5% of its capacity. The study also noted that the 64% of nodes using the TOR anonymity network paradoxically increase physical resilience due to Europe's dense network infrastructure.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $163.95 million liquidated (57.33% shorts) - ETH: $99.46 million liquidated (59.83% shorts) - TRUMP: $16.92 million liquidated (63.03% shorts)

Circle has launched Circle Skills, an open-source tool for building AI agents on its developer platform, the company announced on its official X account. The new tool integrates with AI agents to support functions such as stablecoin payments, cross-chain transfers, wallet operations, and smart contract logic.

Pharos, a Layer 1 blockchain specializing in financial infrastructure, announced it has secured an investment from Hong Kong-listed GLC New Energy. While the specific amount was not disclosed, the deal values Pharos at approximately $1 billion. Pharos plans to use the funding to focus on transitioning the real-world asset (RWA) market to an industrial commercialization phase. The two companies have also agreed to collaborate in areas such as tokenizing renewable energy assets, developing a decentralized energy trading system, and verifying carbon footprint tracking. Pharos aims to build a system connecting on-chain financial infrastructure with real-world energy infrastructure through its proprietary parallel execution architecture. The company was founded by former employees of Ant Group, China's largest fintech company, and is backed by global traditional finance investors including Hack VC and Faction VC.

Whale Alert reported that 3,146 BTC has been transferred from an unknown wallet to Galaxy Digital. The transaction is valued at about $223 million.

An address believed to belong to Blockchain Capital has deposited 216,000 AAVE, worth $24.8 million, to Coinbase Prime, according to on-chain monitor EmberCN. The monitor noted that a week ago, ParaFi Capital sold its AAVE holdings to purchase SKY. EmberCN added that Blockchain Capital has been a long-term AAVE holder, having acquired 233,000 AAVE at an average price of $94 between October 2020 and March 2023. The firm previously sold 16,900 AAVE in December 2024.

Ethereum founder Vitalik Buterin announced on X that the Ethereum Foundation (EF) has established operating principles centered on core values such as censorship resistance and privacy. He explained that Ethereum is a technology enabling technical self-sovereignty and non-coercive cooperation, adding that the foundation plans to act as a steward to protect and expand these values. The foundation will prioritize what it calls "CROPS"—Censorship Resistance, Capture Resistance, Open Source, Privacy, and Security—while also enhancing capabilities like scalability and account abstraction. Buterin emphasized that Ethereum will be more than just a blockchain project, serving as a final escape hatch to prevent the monopolization of internet space by specific individuals, groups, or ideologies.

Intellectual property (IP) development company PIP Labs has cut approximately 10% of its workforce to focus on its AI agent and IP infrastructure business, Decrypt reported. The reduction includes five full-time employees and three contractors. Although PIP Labs secured an $80 million investment at a $2 billion valuation in 2024, the price of its IP token has fallen 86% from its all-time high. The move is seen as a strategic shift toward AI-based services in response to the token's price decline and changing market conditions, the outlet added.

An anonymous whale address starting with 0x8E3 appears to have accumulated 80,219 ETH, worth $166.76 million, from Kraken over the past five days, Onchain Lens reported. The address withdrew 6,413 ETH ($13.42 million) from the exchange 10 hours ago and is holding the assets across multiple addresses. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.