according to Nikkei News on Tuesday, Mitsubishi UFJ Financial Group, which operates Mitsui Sumitomo Bank, plans to collaborate with Ava Labs and Fireblocks to launch a stablecoin. The team behind Avalanche, Ava Labs, intends to use blockchain technology to establish the "foundation" of the stablecoin, while the crypto security company Fireblocks will provide token development management system. The banking giant plans to collaborate with local IT company TIS to conduct experiments on the project in the second half of 2025 and may issue the stablecoin next year.

analyst James Van Straten stated that the ETH/BTC ratio has dropped to 0.02193, reaching the lowest level in nearly five years. This indicates that Ethereum has fallen by 39% compared to Bitcoin this year, marking the first time Ethereum has underperformed Bitcoin in the following 12 months after a Bitcoin halving event.

Exceeding the expectations set by Standard Custody, a crypto custodian, has led the CEO to predict that RLUSD could potentially be ranked among the top five stablecoins by the end of 2025. Analysts are currently assessing the factors that could help RLUSD achieve this ambitious goal. RLUSD's growth is being driven by various key factors, including its increasing availability on more exchanges like LMAX Group, making it more accessible to traders. Moreover, the stablecoin is gaining traction in Decentralized Finance (DeFi) liquidity pools and has real-world applications, with NGOs like DIVA Donate and Mercy Corps Ventures adopting it for charitable purposes, demonstrating its practical utility. To secure a position in the top five stablecoins, RLUSD faces tough competition as it currently holds the twelfth spot with a market cap of approximately $194 million. In order to surpass FDUSD, which is in fifth place with a market cap of $2.59 billion, RLUSD would need to grow more than thirteenfold within the next nine months, assuming no major changes in FDUSD's size. The top four spots are currently occupied by USDT, USDC, DAI, and USDe. RLUSD is pegged to the US dollar and is supported by both the XRP Ledger and Ethereum blockchains. It is fully backed by cash reserves, ensuring that each token can be redeemed on a 1:1 basis for US dollars through approved channels. To continue its upward trajectory, RLUSD will need to maintain strong adoption, diversify its use cases, and operate in a favorable market environment.

Kraken has officially obtained an Electronic Money Institution (EMI) license issued by the UK Financial Conduct Authority (FCA), which will accelerate Kraken's growth plans in the UK and drive the launch of new products and services for local customers.

 US stock index futures turned lower, with S&P 500 index futures down 0.23%, Nasdaq futures down 0.17%, and Dow futures down 0.31%. It is reported that the White House plans to impose a 20% tariff on most goods imported into the US. (Jinshi)

Key points for US cryptocurrency investors to keep in mind include the deadline for submitting 2024 tax returns by April 15, 2025, and the varying tax rates for short-term and long-term crypto holdings. Taxable events for crypto transactions include selling, trading, or spending, while holding or transferring between wallets is not taxable. Accurate reporting of income from mining, staking, airdrops, and crypto payments to the IRS is crucial. Understanding the tax implications of different crypto transactions is essential for compliance and avoiding penalties, as the IRS treats cryptocurrencies as property with taxes due on gains from selling, trading, or disposing of crypto assets.

According to the British investment company Farside Investors, since the peak on February 7, 2025, Bitcoin exchange-traded funds (ETFs) have seen a capital outflow of $4.8 billion. The total amount of capital outflow has decreased from the peak of $40.7 billion to $35.9 billion on March 10, 2025, a decrease of 11.7%.

SlowMist monitoring reported that the total estimated losses from Web3 security incidents in February 2025 reached $1.681 billion. The SlowMist blockchain hacker database has recorded a total of 15 hacking incidents, resulting in approximately $1.676 billion in losses, with $52.45 million frozen or recovered.

according to the official page, Binance Alpha has launched ZETA and SAFE.

according to The Data Nerd monitoring, 9 hours ago, a whale deposited 6131 ETH into Binance (approximately $10.96 million). If sold at the current price, he will lose about $6.86 million (cost price is about $2906).

Bubblemaps officially announced that they will airdrop BMT tokens to V2 users, and the airdrop query has been opened. Eligible users are selected from the top-ranked users through a lottery system, and the witch detection algorithm is used to filter out spam and bot behavior.

Some US government agencies are still refusing to provide transparency regarding their involvement in Operation Chokepoint 2.0, a period during the Biden administration where crypto and tech founders were reportedly denied banking services, as stated by Coinbase's chief legal officer Paul Grewal. The collapse of crypto-friendly banks in early 2023 led to initial accusations of Operation Chokepoint 2.0. Critics, such as venture capitalist Nic Carter, characterized it as a government initiative to pressure banks into severing ties with cryptocurrency companies. Despite recent regulatory changes, agencies like the Federal Deposit Insurance Corporation (FDIC) are still resisting efforts for transparency, according to Grewal. He mentioned that the FDIC has been uncooperative in providing details on their due diligence process and has refused to comply with requests for documentation related to the events. Additionally, Grewal highlighted that the FDIC has heavily redacted documents and only provided snippets in response to Freedom of Information Act (FOIA) requests.

Andrei Grachev, a partner at DWF Labs, posted on the X platform stating that four projects contacted us yesterday. DWF Labs will allocate $16.5 million to repurchase tokens from the market. Once completed, the on-chain proof will follow.

according to the SlowMist monitoring, the DeFi protocol SIR.trading was attacked, and Cosine estimated that the hacker's profit from this attack was $350,000.

On March 11th, the public chain Zilliqa stated on X platform: "Zilliqa 2.0 will bring significant changes to the ZIL token. This week, we will delve into the token economics on the new and more efficient Zilliqa network."

according to The Washington Post, White House aides have drafted a proposal to impose tariffs of about 20% on most goods imported into the United States.

 according to on-chain analyst Yu Jin's monitoring, the price of Maker's oracle has been updated on the hour, with the price at 7 o'clock set to be $1784.6, lower than the liquidation price of $1787.8 for the 64,800 ETH whale on the verge of liquidation. In other words, if he does not supplement collateral or repay before 7 o'clock, his position will be partially liquidated after the price update at 7 o'clock.

Japanese chain game developer Mint Town recently completed a 700 million yen (approximately $4.75 million) financing, with the main investor being the fund "X & KSK" set up by Japanese soccer star Keisuke Honda. This round of financing brings the total amount raised by the company to 2 billion yen (approximately $13.56 million).

The market shows BTC breaking through $92,000, now trading at $92,014.09, with a 24-hour increase of 7.1%. The market is fluctuating significantly, so please manage your risks carefully.