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The recent wave of AI service launches by major cryptocurrency companies is a strategic move for survival amid intensifying competition, rather than a short-term play for profits, according to a report from Tiger Research, an Asian Web3 research and consulting firm. The report notes that while the crypto industry was initially slow to adopt AI, it is now joining the broader trend driven by the popularization of services like ChatGPT and Claude and the emergence of tools like OpenClaw that lower development barriers. AI is now being increasingly utilized in areas such as research, automated trading, security audits, and payment infrastructure. The report contrasts the current environment with November 2022, when the AI industry was less mature and the crypto sector's capacity for innovation was limited by the trust crisis following the FTX collapse. Today, major exchanges like Coinbase, Binance, and Bitget are strengthening their AI strategies primarily to maintain market leadership, which Tiger Research interprets as a fundamental response to a paradigm shift, not merely trend-following.

South Korean crypto exchange Bithumb has recovered 99% of the 1,788 BTC it had previously failed to retrieve following a mistaken distribution, Digital Asset reported. The recovery rate stood at 93% as of this past February. The exchange had previously faced criticism over an incident where it mistakenly distributed 620,000 BTC. Bithumb explained that while the number of unrecovered bitcoins can be specified as 1,788, it is difficult to determine a specific value in Korean won because the recipients traded the assets after the mistaken distribution.

An address presumed to belong to crypto market maker Cumberland withdrew a total of 543.5 BTC, worth $40.58 million, from Binance and Bybit six hours ago, The Data Nerd reported. Withdrawals from exchanges are typically interpreted as an intention to hold.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $93.4 million liquidated (65.05% longs) - ETH: $47.51 million liquidated (56.1% longs) - XRP: $6 million liquidated (76.95% longs)

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins outlined the criteria for applying securities laws to cryptocurrencies at the DC Blockchain Summit in Washington. 1. Payment stablecoins under the proposed Digital Commodities, Digital Collectibles, Digital Tools, and Stablecoin Regulation Act (GENIUS), as well as digital commodities, collectibles, and tools, are not considered securities. Only digital securities, defined as tokenized securities, are subject to securities laws. 2. Project teams must clearly disclose the termination point of an investment contract. An asset that is not a security could still be subject to securities laws if it is sold as part of an investment contract. 3. The SEC is currently considering a Safe Harbor provision for startups, fundraising, and investment contracts. A Safe Harbor is a type of exemption that suspends or mitigates legal sanctions or regulatory application if specific conditions are met. Previously, the SEC issued interpretive guidance classifying Bitcoin and Ethereum as digital commodities, not securities. According to the guidance, most cryptocurrencies, including BTC, ETH, XRP, SOL, and DOGE, are classified as digital commodities. Additionally, NFTs and memecoins are considered digital collectibles linked to music or art, placing them outside the scope of these regulations.

The U.S. Federal Reserve is likely to hold its benchmark interest rate steady at the next Federal Open Market Committee (FOMC) meeting due to uncertainty stemming from the war in Iran, The Wall Street Journal reported. However, divisions within the Fed are widening as Chairman Jerome Powell's term approaches its end, with the potential for dissenting votes from some board members emerging as a key variable. The outlet noted that three governors appointed by President Donald Trump have been advocating for a rate cut, with two of them voting against the decision to hold rates at a recent meeting. There is a possibility that all three could collectively dissent in favor of a rate cut at the upcoming meeting. "The Fed has recently been shifting away from its consensus-driven decision-making structure toward one where disagreements are more openly expressed, a trend that could influence future policy decisions," the WSJ explained.

Hanwha Systems has incurred a valuation loss of approximately 1.9 billion won ($1.4 million) on its virtual asset holdings, The Bell reported. The loss is attributed to the continued price decline of coins the company was allocated when it joined the Klaytn Governance Council around 2019 as part of its ICT business. According to the company's consolidated audit report, Hanwha Systems recognized a virtual asset valuation loss of 1.91 billion won last year alone. Consequently, the book value of its virtual assets fell sharply over the year from 2.17 billion won ($1.61 million) to 647 million won ($480,000).

Canadian digital bank VersaBank is adding a foreign exchange (FX) feature to its tokenized deposit platform, Cointelegraph reported. The new function will enable real-time conversion between the U.S. dollar and the Canadian dollar using its tokenized bank deposit, RBTD. VersaBank previously conducted a pilot program for its tokenized deposits in the United States. Unlike stablecoins, RBTD is issued and managed directly by the bank, not a non-bank institution. It is issued on a 1:1 basis backed by customer assets, similar to traditional deposits, and is recognized as a liability of the issuing bank, operating within the traditional financial system.

The 8% stake in AI startup Anthropic, which bankrupt crypto exchange FTX sold for $1.3 billion in 2024 as part of its bankruptcy proceedings, is now valued at $30 billion, Watcher.Guru reported.

Hong Kong-based stablecoin payment firm RedotPay is seeking to raise an additional $150 million just months after its last funding round, Bloomberg reported. The company is currently in discussions with several firms for the new investment. RedotPay previously raised $150 million from Coinbase Global and USDC issuer Circle. The firm aims to achieve a valuation of over $4 billion through a U.S. listing as early as this year.

Grayscale staked 19,200 ETH, worth $44.6 million, approximately eight hours ago, Onchain Lens reported.

CoinMarketCap's Altcoin Season Index has risen three points from yesterday to 52. The platform defines an "altcoin season" as a period where 75% of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, have outperformed Bitcoin over the past 90 days. Conversely, a "Bitcoin season" occurs when Bitcoin's performance surpasses that of the top altcoins. A score closer to 100 indicates a stronger altcoin season.

International credit rating agency Moody's has launched a token integration engine on the Canton Network, a blockchain for real-world asset tokenization, according to Cointelegraph. The move marks the first time an institution has provided credit rating data on-chain.

Circle (CRCL) has appointed former Microsoft executive Kirk Koenigsbauer as a new member of its board of directors, the company announced on its official website. He will serve on the board's Compensation Committee and Risk Committee. Koenigsbauer has over 30 years of experience in the global enterprise software and commercial cloud services sectors. He stated that it was meaningful to join Circle's board at a pivotal moment for digital asset infrastructure and that he would support the company's global expansion and efforts to strengthen its operational and risk management standards.

The Fear & Greed Index from cryptocurrency data provider Alternative has dropped two points from yesterday to 26. The index remains in the fear category. A score closer to zero signifies extreme market fear, while a score closer to 100 indicates extreme optimism. The index is calculated based on several factors: volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Coinbase has announced the addition of EDGEX to its listing roadmap.

U.S. Senate Banking Committee Chairman Tim Scott has indicated that a stalled crypto market structure bill, the Clarity Act, is seeing progress through behind-the-scenes negotiations, with a draft that includes provisions on stablecoins potentially being released this week. According to CoinDesk, Scott stated at the DC Blockchain Summit, "I believe a draft will be out this week. Once the draft is public, the bill's direction will become much clearer." Negotiations are also reportedly underway on several other contentious issues, including potential conflicts of interest for President Donald Trump regarding cryptocurrency, the bipartisan composition of key regulatory agencies, and Know Your Customer (KYC) regulations.

DAO infrastructure provider Tally is shutting down after more than five years of operation, The Block reported. The company had planned a token sale (ICO) but has decided not to proceed with it.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have released joint interpretive guidance on how federal securities laws apply to certain crypto assets and transactions, Eleanor Terrett, host of Crypto in America, reported via X. The guidance establishes a token classification framework and addresses the legal treatment of staking, mining, airdrops, and wrapping. U.S. SEC Chairman Paul Atkins stated that the guidance reflects that the majority of crypto assets themselves do not constitute securities. While the interpretive guidance does not change existing law, it is intended to provide greater market clarity by showing how regulators plan to apply current statutes. This initiative is separate from the SEC's ongoing rulemaking process related to crypto issuance.

The three major U.S. stock indices closed higher today. - S&P 500: +0.25% - Nasdaq: +0.47% - Dow Jones: +0.10%

Speaking at the DC Blockchain Summit, Amy Oldenburg, head of digital asset strategy at Morgan Stanley, stated that crypto ETFs are still in the early stages of adoption. According to The Block, she explained that most of the demand for spot crypto ETFs continues to come from retail investors, adding that the industry is at the beginning of what will be a lengthy process.

U.S. investment bank TD Cowen stated it disagrees with the argument that an agreement on the crypto market structure bill (CLARITY) must be reached before the congressional Easter recess at the end of March. The bank noted that there is still a possibility the bill's passage could be delayed until before the August congressional recess or even until 2027. According to The Block, TD Cowen Managing Director Jaret Seiberg explained that a deal is not essential within the next few weeks. He suggested that the legislative process could become smoother after the year-end primary elections are concluded, as some lawmakers may have more flexibility to negotiate. Seiberg also added that if the balance of power in Congress changes after the midterm elections, the bill's passage could be postponed until 2027.

The U.S. state of Arizona has filed a 20-count criminal complaint against prediction market platform Kalshi, CoinDesk reported. Arizona Attorney General Kris Mayes accused the company of operating an unlicensed gambling business and offering illegal election betting in the state. Mayes stated that while Kalshi calls itself a prediction market, it is actually running an illegal gambling operation and taking bets on elections, both of which are prohibited under Arizona law. The complaint includes allegations of contract betting on the outcomes of the 2028 presidential election and the 2026 gubernatorial election.

Open interest (OI) in the HIP-3 market on the decentralized crypto derivatives exchange Hyperliquid (HYPE) surpassed $1.43 billion on March 14, The Block reported. This figure represents a more than 100-fold increase since the HIP-3 market's launch six months ago. Approximately 90% of the total OI comes from Trade.xyz, a platform built by Hyperliquid's in-house tokenization division, Hyperunit. The outlet noted that only seven of the top 30 markets on Trade.xyz are crypto trading pairs, with the rest being tokenized traditional assets such as the S&P 500, Nasdaq, individual stock futures, gold, silver, and crude oil. The Block explained that the 24/7 operation of the HIP-3 market is a key advantage, helping to expand its user base from crypto-native traders to those focused on traditional assets.

Lightning Network-based mobile prepaid payment service provider Bitrefill announced via its official X account that it suffered a cyberattack on March 1. The company stated that an analysis of the attack methods, malware, and IP addresses used revealed similarities to past attacks by North Korean hacking groups Lazarus and Bluenoroff. No evidence of customer data theft has been found, and all systems have been taken offline.