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A U.S. court ruled that Rowland Marcus Andrade was convicted of telecommunications fraud and Money Laundering for fundraising through false advertising of the Cryptocurrency AML Bitcoin and misappropriating funds to purchase property. Prosecutors said he used fraudulent advertising techniques and faces up to 20 years in prison. He is scheduled to stand trial on July 22, 2025.

The U.S. Senate Banking Committee has approved the first committee approval of the [GENIUS Act], a stablecoin regulation bill in the encryption industry, which aims to regulate stablecoin issuers at the federal level in the United States. It currently needs to be approved by the full Senate, while the House is also considering a similar version. The committee advanced the bill with a vote of 18 to 6, but it still needs to reconcile the versions of the Senate and the House.(CoinDesk)

Amber International Holding Limited has successfully completed its merger with iClick Interactive Asia Group Limited and Amber DWM Holding Limited, and has been renamed Amber International. The new company has been approved for listing on the Nasdaq Global Market, and iClick's ADR began trading on Nasdaq on March 13th.

BTC ecosystem leading protocol Solv launched the on-chain BTC reserve plan, the first phase (BRO, Bitcoin Reserve Offering) successfully received institutional investment of 11 million US dollars. Last week, Solv announced the launch of the plan, aiming to achieve a scale of 100 million US dollars by BRO by 2025, with the goal of promoting the deepening adoption of BTC in the global financial field.

Wu said that, according to the SEC application, Cboe BZX exchange is submitting a proposed rule change (19b-4 application) to the US Securities and Exchange Commission to list and trade shares of the Franklin XRP ETF series of the Franklin XRP Trust.

Wu learned that, according to Greeklive, despite the better-than-expected February CPI data (2.8%, lower than 2.9%), the overall sentiment in the crypto market remains bearish, with traders pessimistic about the short-term outlook. The key support level for Ethereum is around $1900, and Bitcoin may test $60,000, becoming the focus of discussion. The market quickly digested the CPI Favourable Information, with traders believing that tariffs and inflation have a greater impact on the market than events such as the ceasefire in Ukraine. It is widely believed that weak chips have not been completely dumped, and panic dumping has not yet ended. Despite the overall negative sentiment, Ethereum still has the potential for a rebound.

Russia's Central Bank has proposed to launch a 3-year cryptocurrency trading pilot program, which is only targeted at high-net-worth investors who meet specific asset or income thresholds. According to the proposal, investors participating in the pilot program need to hold $11.5 million in assets or have an annual income of $50 million. The proposal currently requires government approval.(Cointelegraph)

Six members of the Trump administration indirectly hold Crypto Assets worth millions of dollars. These officials include: Health and Public Services Secretary Robert Kennedy Jr; Office of Management and Budget Director Russell Vought; National Intelligence Director Tulsi Gabbar; Defense Secretary Pete Hegseth; Treasury Secretary Scott Bessent; Transportation Secretary Sean Duffy.

The Hyperpie platform of Hyperliquid has launched the Liquidity stake of HYPEToken, allowing users holding HYPE to stake and obtain the appreciation Token mHYPE, used for Liquidity provision, MEME Token subscription, and governance. The staked HYPE can be unlocked after 7 days, and in the future, mHYPE-HYPE pairs can be traded on the Hyperpie MEME DEX. Hyperpie is the Decentralized Finance and MEME center of the Hyperliquid ecosystem created by Magpie.

Wu learned that, according to @sankin_eth data panel, on March 12, after encountering a large-scale liquidation event of ETH longsWhale and a loss of $4 million in the HLP Vault, Hyperliquid AUM saw a net outflow of $166 million, the second largest single-day net outflow in the history of the platform, likely mainly due to the withdrawal of depositors from the HLP Vault.