Headlines
▌EOS Announces Rebrand to Vaulta, Shifts Focus to Web3 Banking
The EOS Network has announced a transition to Web3 banking, with the brand being rebranded to Vaulta. On one hand, Vaulta will provide blockchain-based services tailored for banks; on the other hand, it will offer a broader financial ecosystem, including Bitcoin banking solutions from exSat, blockchain insurance, and tokenization of real-world assets. This transformation includes a token swap, tentatively scheduled for the end of May. Additionally, Vaulta will establish a Banking Advisory Council, comprising financial and blockchain industry experts, aimed at bridging the gap between traditional banking and Web3, with members including executives from Systemic Trust, Tetra, and ATB Financial. Vaulta plans to retain the EOS network's technical infrastructure, including smart contract architecture, decentralized databases, and cross-chain connectivity, as part of its Web3 banking initiative, which will integrate with the Bitcoin-focused digital banking solution exSat. Furthermore, Vaulta intends to collaborate with Ceffu, Spirit Blockchain, and Blockchain Insurance, with strategic partnerships expected to be announced in the coming months.
▌Arkham: Justin Sun Stakes $100 Million in ETH Today
According to Arkham monitoring data, Justin Sun has staked $100 million worth of Ethereum (ETH) today. Based on the current yield rate, this is expected to generate around $3 million in passive income for him annually.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $83,045.38, with a daily change of -1.0%;
ETH's latest trading price is $1,941.80, with a daily change of +0.9%;
BNB's latest trading price is $625.13, with a daily change of -1.7%;
SOL's latest trading price is $125.89, with a daily change of -0.9%;
DOGE's latest trading price is $0.168, with a daily change of +2.0%;
XPR's latest trading price is $2.3, with a daily change of -1.1%.
Policy
▌HashKey Capital Obtains Hong Kong SFC Type 1 License
HashKey Capital has officially obtained the Type 1 license issued by the Hong Kong Securities and Futures Commission (SFC), further expanding its business scope and capabilities under SFC regulation in Hong Kong. Currently, HashKey Capital holds a Type 9 license, allowing it to provide asset management products to retail and institutional investors. The company has also recently been approved to provide discretionary account management services for virtual assets (VA) under the same license. Additionally, since May last year, HashKey Capital has held a Type 4 license, enabling the company to provide investment advisory services for securities and virtual assets. With the acquisition of the Type 1 license, HashKey Capital will be able to provide introducing broker services to retail and professional investors, as well as sell and distribute various funds and structured products, including those related to virtual assets.
▌White House Official: US Stablecoin Bill May Be Submitted to President Trump Within Two Months
Bo Hines, the Executive Director of the White House Presidential Digital Assets Working Group, stated that the US stablecoin regulatory bill may be submitted to President Donald Trump within the next two months. In a speech at the Blockworks Digital Asset Summit, Hines said that the market does not fully understand how stablecoin legislation can benefit the US economy and the dominance of the US dollar. Additionally, he believes that regulating stablecoins could potentially alter the historical trajectory of financial markets. The Senate Banking Committee passed the GENIUS Act, a stablecoin regulation bill, on March 13 with a vote of 18 in favor and 6 against. The bipartisan-supported bill has now paved the way for a full Senate vote. The bill outlines guidelines for the issuance and regulation of US stablecoins, such as requiring them to be backed 1:1 by US dollars, insured bank deposits, or short-term Treasuries. Hines emphasized the bipartisan cooperation in approving the bill, stating that in Washington, DC, there are few issues that can unite the parties like the comprehensive push to advance the US in the crypto industry.
Blockchain Applications
▌Coinbase Launches Verified Pools, Built on Uniswap v4
Coinbase has announced the launch of Verified Pools, a way to conduct on-chain trades and swaps, built on the Uniswap v4 protocol. Verified Pools are designed for eligible retail and institutional participants, integrating Coinbase's KYC verification system, Coinbase Verifications. The verified pools combine identity verification with smart contract transparency to reduce counterparty risk while maintaining the openness and efficiency of on-chain markets. The verified pools are currently open to users in the US, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands.
▌Raydium Plans to Launch Meme Coin Issuance Platform LaunchLab
Raydium, the decentralized exchange on the Solana ecosystem, plans to launch a Meme coin issuance platform called "LaunchLab", competing with Pump.fun. Raydium's "LaunchLab" is essentially a fork of Pump.fun, but with some selective differences. It will use a similar logarithmic bonding curve, but also allow third-party user interfaces to set fees and directly access Raydium's liquidity pools. The project has reportedly been in development for several months.
▌Ethereum Foundation: New Testnet Hoodi to Activate Pectra Network Upgrade on March 26
The Ethereum Foundation stated in an official blog post that the activation process of the Pectra testnet revealed issues with client-side changes to the Ethereum testnet deposit contract configuration. While the recovery process for the Sepolia network was more straightforward and it has now fully recovered, the Holesky network encountered significant inactive leakage in its recovery mechanism. Holesky has since completed its final confirmation, but the exiting validators will take around a year to be fully removed from the validator set. Although stakers can test deposits, merges, and all other Pectra functionality, the scale of the exit queue makes Holesky unsuitable for testing the full validator lifecycle within a reasonable timeframe. To address this, a new testnet, Hoodi, has been launched and will activate the Pectra network upgrade at epoch 2048 (Wednesday, March 26, 2025, at 15:37:12 Beijing time). Going forward, validator operators and infrastructure providers should use Hoodi for validator testing. To allow time for migration, the Holesky testnet will be supported until September 2025. Apart from validator exit, all other Pectra features can be tested on Holesky. The testnet purposes are summarized as: Holesky: For validators and staking providers (expected termination date: September 30, 2025). Client developers will also use Holesky for gas limit increase and other protocol stress testing. Sepolia: For application and tool developers (expected termination date: September 30, 2026). Hoodi: For validators and staking providers (expected termination date: September 30, 2028). Planned Sepolia replacement: Expected to launch in March 2026.
Cryptocurrencies
▌Coinbase Survey: Over 75% of Institutional Investors Plan to Increase Crypto Asset Allocation by 2025
According to a joint survey by Coinbase and research firm EY-Parthenon, over 75% of institutional investors plan to increase their allocation to digital assets by 2025, with 59% of investors stating they will allocate more than 5% of their managed assets to Altcoins or related products. The survey was conducted in January 2025, when Bitcoin prices had just broken $100,000 and reached a new all-time high. The survey shows that the main reason for institutional investors to increase their Altcoin allocation is the "improvement in regulatory transparency". Additionally, 60% of investors prefer to gain exposure to Altcoins through registered products like ETFs. The survey also found that 74% of respondents hold one or more Altcoins in addition to Bitcoin and Ethereum. However, since the completion of the survey, the crypto market has become more volatile, with Bitcoin prices recently falling below $80,000.
▌Cathie Wood: Most Meme Coins Will Ultimately Become "Worthless", Buyers Need to Be Cautious
Here is the English translation of the text, with the terms in <> retained as is:Cathie Wood, the founder and CEO of ARK Investment Management LLC, said in an interview that most of the so-called Meme coins in the cryptocurrency field will likely "become worthless" in the end. She pointed out that the combination of blockchain technology and artificial intelligence is giving rise to "millions of" Meme coins, "whose value will not be too high," and added that her private fund has not invested in these tokens. Wood said: "If I had to say one thing to people buying Meme coins, it would be: Buyers beware. Nothing teaches a lesson better than losing money, and they will understand that the U.S. Securities and Exchange Commission (SEC) and other regulators will not be responsible for these Meme coins." She also said that Meme coins will become "digital collectibles," and added that some of them may "withstand the test of time," with the Meme coins related to Trump perhaps being one of them. Wood reiterated her optimistic attitude towards larger and more mature crypto assets. She said that the use cases of Bitcoin, Ethereum, and Solana are "rapidly increasing" and will play an important role in the future.
▌Bitwise CIO: Still optimistic about DeFi-related tokens, Aptos and Sui are expected to become ETF competitors
Bitwise Chief Investment Officer Matt Hougan said in a recent interview that although the cryptocurrency market is currently in a downturn, many supporters of decentralized finance (DeFi) are moving away from Altcoins, Bitwise remains optimistic about tokens related to DeFi. Hougan believes that the DeFi field is currently "severely underestimated," and pointed out that Layer-1 blockchain projects like Sui and Aptos "fully meet" the criteria for attracting institutional investors. He mentioned that these projects are led by former members of the Meta stablecoin team, with "serious teams, serious technology and technological innovation," which are important considerations for Bitwise in choosing assets to hold in its funds. In addition, Hougan also mentioned that Bitwise has submitted an application this month to launch an Aptos ETF, but he did not disclose whether there are plans to apply for a similar fund for SUI. Nevertheless, he believes that the launch of ETFs for SUI and APT in the U.S. may attract new investment into these Altcoins.
▌Exactly Protocol DAO has transferred 1 million EXA tokens to Uphold
Exactly Protocol announced on social media that Exactly Protocol DAO has completed the transfer of 1 million EXA tokens to Uphold as part of EXAIP-21: 500,000 EXA have been transferred to Uphold's market-making wallet. 500,000 EXA will be distributed to Uphold in a linear flow over 3 years.
▌Stablecoin on-chain trading volume reached $850 billion in February, with USDC and USDT accounting for over 87%
The on-chain trading volume of stablecoins has maintained a strong momentum, with an average monthly trading volume of about $800 billion over the past four months. The number of addresses transferring stablecoins has also been steadily rising, with the daily address count reaching 600,000 recently. USDC and USDT remain the dominant players in this field, accounting for $740 billion of the $850 billion total trading volume in February. Ethereum remains the blockchain of choice for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. Although alternative blockchains are emerging, this dominance highlights Ethereum's role as the primary settlement layer for digital dollar transactions.
Important Economic Dynamics
▌Saxo Bank: The ECB will still cut rates this year
Jacob Falkencrone of Saxo Bank said that the European Central Bank (ECB) will still cut rates this year, but the fiscal stimulus measures planned in Europe may ultimately lead to inflation, which will affect the interest rate outlook. The planned fiscal stimulus measures are expected to increase domestic demand in Europe, which will add some inflationary pressure. He said the ECB could cut rates by up to two times this year. The money market is currently pricing in two rate cuts by the ECB this year.
▌U.S. stocks open and close lower, with all three major indexes down more than 1%
U.S. stocks opened and closed lower, with all three major indexes down more than 1%. As of now, the Nasdaq is down 1.84%, the S&P 500 is down 1.28%, and the Dow is down 1%.
▌The probability of the Fed keeping rates unchanged tomorrow morning is 100%
According to the CME "Fed Watch": The probability of the Fed keeping rates unchanged in March is 100%. The probability of keeping the current rate unchanged by May is 82.4%, and the probability of a cumulative 25 basis point rate cut is 17.6%.
▌International gold closes at a new high
Spot gold rose 1.13% to $2,034.42 per ounce, reaching a new all-time high after one trading day. COMEX gold futures rose 1.15% to $2,040.7 per ounce, setting a new record. COMEX silver futures rose 0.97% to $34.64 per ounce.
Jinse Encyclopedia
A cold wallet is a method of storing cryptocurrency that keeps it in an offline state and disconnected from the internet. This setup makes it much more difficult for hackers to remotely access the funds. Examples include: hardware wallets (e.g. Ledger, Trezor), paper wallets, and air-gapped computers (devices that have never been connected to the internet).
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for informational reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
