It was a challenging week for both cryptocurrency and traditional markets, with Bitcoin dipping below $80K and Ethereum dropping to $1,821 on March 10. The newfound administration’s aggressive tariff policies heightened recession fears, impacting the markets.

However, digital advancements remained evident: BlackRock’s BUIDL fund surpassed $1 billion, while tokenized treasuries achieved a market cap of $4.2 billion, as reported by Kris Sandor. Notably, MoonPay made a significant stablecoin acquisition. Ripple secured a payments license in the UAE, and OKX received a license to operate in Europe, with Coinbase setting plans for 24/7 futures trading in the U.S.

Regulatory developments were also noteworthy, with the U.S. House voting against the IRS’s controversial ‘broker rule,’ benefiting DeFi operators. The Senate committee moved the GENIUS stablecoin bill closer to approval.

In cryptocurrency news, World Liberty Financial, with help from adviser Justin Sun, successfully completed a $590 million token sale. Additionally, a Trump family associate reportedly investigated a stake acquisition in Binance.US through World Liberty Financial.

Reporting from Asia indicated Coinbase’s anticipated comeback in India after a two-year wait, prompting discussions on the subcontinent’s cryptocurrency trajectory. Shaurya Malwa adeptly reported on Ripple and the consequences of excessive leveraging in the crypto market following Hyperliquid’s significant losses.

Market analyst Omkar Godbole commented on Bitcoin’s bullish signal prior to the U.S. CPI report, while Tom Carreras discussed Bitdeer’s aspirations in the ASIC manufacturing industry.

We look forward to hopefully better market conditions next week, informed by our dedicated team.