FameEX Morning Crypto News Recap | March 31, 2025
2025-03-31 02:06:50Trump Administration Accelerates Crypto Regulation Reforms as Stablecoin Legislation Poised to Boost Blockchain Adoption in Traditional Finance
David Pakman of CoinFund says stablecoin regulation could lead traditional finance to adopt blockchain payments. The GENIUS Act would set collateral requirements for issuers and ensure compliance with anti-money laundering laws, providing clearer rules for broader financial sector participation.
Michael Saylor Unveils Latest Insights on Bitcoin Tracking Data
Michael Saylor shared a Bitcoin Tracker update on X, saying “More orange is needed.” Such posts often precede Strategy’s Bitcoin purchase announcements, usually revealed the following day after similar updates. Investors anticipate another potential BTC acquisition soon.
Goldman Sachs: Hedge Funds Dump Tech Stocks at Near Record Pace Over Past Five Years
On March 30, Goldman Sachs reported the second-largest global tech stock sell-off by hedge funds in five years, behind August 2024. U.S. tech stocks accounted for 75% of net selling. Analysts said the sell-off was faster than during the 2022 bear market, with the Nasdaq 100 dropping 13% over six weeks.
NFT Transaction Volume Rebounds 4.5% to $102.8M This Week
NFT transaction volume rose 4.5% to $102.8 million this week, per CryptoSlam. Buyers increased 28.9% to 451,436, while sellers climbed 26.5% to 285,272.
South Korea’s Virtual Asset Exchange Users Reach 16.29 Million, Surpassing Stock Market Participants
As of February 2025, South Korea had 16.29 million virtual asset exchange users—32% of its population—surpassing the country’s 14.1 million stock investors. The data, drawn from five major exchanges, may include duplicate users who hold accounts across multiple platforms.
Japanese Regulators May Redefine Crypto as Financial Instruments to Boost Regulation
Japan’s Financial Services Agency plans to regulate internal crypto trading by classifying digital assets as financial instruments. A draft amendment to the Financial Instruments and Exchange Act could reach parliament next fiscal year, aiming to strengthen oversight and improve market transparency in the country’s evolving cryptocurrency sector.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.