FameEX Morning Crypto News Recap | March 31, 2025
2025-03-31 02:04:29Trump Administration Advances Crypto Regulatory Reform; Stablecoin Legislation Could Drive Traditional Finance Toward Blockchain Payments
David Pakman of CoinFund believes a stablecoin regulatory framework could drive traditional finance to adopt blockchain payments. The proposed GENIUS Act aims to set collateral standards for stablecoin issuers and enforce anti-money laundering compliance.
Michael Saylor Shares New Update on Bitcoin Tracking Data
Strategy founder Michael Saylor shared a new Bitcoin Tracker update on X, stating “More orange is needed.” Historically, such posts precede announcements of increased Bitcoin holdings by Strategy, typically revealed the day after similar updates are shared.
Goldman Sachs: Hedge Funds' Global Tech Stock Sell-Off Hits Second-Highest Level in Five Years
On March 30, Goldman Sachs data revealed that hedge funds’ global tech stock sell-off this week was the second largest in five years, trailing only August 2024. U.S. tech stocks made up 75% of the net selling. Analysts noted the sell-off pace exceeded 2022’s bear market, with Nasdaq 100 down 13% in six weeks.
NFT Transaction Volume Rises 4.5% to $102.8 Million This Week
This week’s NFT transaction volume rose 4.5% to $102.8 million, according to CryptoSlam. The number of buyers jumped 28.9% to 451,436, and sellers grew 26.5% to 285,272.
Virtual Asset Exchange Users in South Korea Hit 16.29 Million, Overtaking Stock Investors
By February 2025, South Korea's virtual asset exchange users totaled 16.29 million—32% of the population—surpassing 14.1 million stock investors. The figure, based on five major exchanges, counts users multiple times if they hold accounts on more than one platform.
Japan's FSA Weighs Classifying Crypto as Financial Instruments to Tighten Regulation
Japan’s Financial Services Agency (FSA) plans to regulate internal cryptocurrency trading by classifying crypto assets as financial instruments. A draft amendment to the Financial Instruments and Exchange Act may be submitted to parliament as early as next fiscal year, aiming to tighten oversight and enhance market transparency.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.