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Circle Internet Group is expanding its tokenized financial services in Bermuda. The company will bring the Hashnote Tokenized Money Market Fund under its existing Digital Assets Business Act license with the Bermuda Monetary Authority, according to a company press release. Hashnote issues USYC, a tokenized money market fund that held nearly $1 billion in assets as of March 6, 2025. Tokenized money market funds function similarly to traditional ones but are represented as digital assets on blockchain networks. Because they exist in digital form, investors can buy and sell shares of these funds more easily. Circle plans to integrate USYC with USDC ( USDC ), its widely used stablecoin , allowing users to move between them seamlessly. This move could position USYC as a key form of collateral for crypto exchanges, custodians, and financial firms handling digital assets. Collateral refers to assets that traders and institutions pledge to back loans or financial transactions. Circle has operated in Bermuda since 2021 under the BMA’s regulatory framework. The company’s CEO, Jeremy Allaire, said Bermuda’s approach to digital asset regulation makes it a natural fit for Circle’s expanding tokenized money market operations. By linking USYC to USDC, Circle aims to offer a more flexible way for institutions to access liquidity while earning yield from USYC’s underlying assets, which include U.S. Treasuries and other short-term investments.

XRP is defying the odds. Despite mixed technical signals, the digital asset shows significant volatility, initially dipping to an intraday low before regaining strength, and has shown strong upward momentum in the latest trading session, reaching $2.26 with a 3.63% daily increase. Investors are closely monitoring the price action as market sentiment leans towards a bullish outlook, and is now trading at $2.29 . However, key resistance levels must be broken for sustained upward movement. XRP’s price chart indicates volatility, with an early decline followed by a strong recovery. The lowest level recorded was around $2.18, which acted as a critical support area before buyers regained control. Conversely, the price peaked at $2.27, which is acting as a short-term resistance level. Despite price fluctuations, XRP maintains an overall bullish outlook, supported by steady gains and growing market confidence. Trading volume has declined by 16.02% over the past 24 hours, suggesting a possible consolidation phase despite the rising price. The market capitalization increase, matching the 3.63% price gain, highlights growing investor interest. However, the drop in trading activity raises concerns about the sustainability of this upward momentum. Price action analysis highlights crucial support and resistance zones that traders should monitor. The $2.18–$2.20 range has acted as a reliable support area, preventing further downside movement. Should selling pressure increase, XRP may test the next lower support near $2.15. Staying above these support zones is critical for bullish continuation. On the upside, XRP faces immediate resistance at $2.27, the highest level recorded during this trading session. A decisive breakout above this resistance could pave the way for a move toward $2.30. This psychological barrier could either trigger further buying or act as a profit-taking zone, leading to price consolidation. XRP’s Relative Strength Index (RSI) currently stands at 46.38, while the signal line is slightly lower at 45.41. An RSI below 50 suggests weak bullish momentum, indicating the market remains neutral with a slight bearish tilt. However, if the RSI crosses above 50, it could signal a stronger uptrend. The Moving Average Convergence Divergence (MACD) indicator is currently below zero, reflecting bearish momentum. Despite this, the MACD line is crossing above the signal line, hinting at a potential bullish reversal. This shift could indicate growing buyer interest and an upcoming upward push. Looking ahead, Coincodex analysts project XRP to trade within a range of $2.72 to $2.97 by the end of 2025. If the digital asset maintains its bullish trajectory, it could achieve an average price of $2.82, reflecting a 24.62% increase from current levels. Investors who enter at today’s prices could see potential gains of approximately 31.40% if XRP meets this projection. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

According to Whale Insider, Argentine authorities are moving to issue an Interpol Red Notice for Hayden Davis, the alleged mastermind behind the $LIBRA cryptocurrency collapse . Prominent lawyer Gregorio Dalbon filed a request urging legal authorities to secure Davis’s arrest. He submitted the request to prosecutor Eduardo Taiano and Judge María Servini. The petition cites a “procedural risk” if Davis remains free, given his access to financial resources. Davis played a key role in creating and promoting the $LIBRA token . The cryptocurrency gained traction after Argentine President Javier Milei shared it on social media. The token soared to a $4 billion valuation before crashing. Many investors accused Davis and his firm, Kelsier Ventures, of orchestrating a pump-and-dump scheme. Dalbon emphasized that Davis could flee the United States or go into hiding if authorities fail to act swiftly. He requested an international arrest warrant to prevent Davis from evading justice. Moreover, he insisted on Davis’s extradition to face charges in Argentina. Interpol’s Red Notice would alert global law enforcement agencies to locate and detain him. The LIBRA debacle triggered widespread legal repercussions in Argentina. Multiple fraud charges were filed against Milei for his alleged role in promoting the token. Additionally, U.S. authorities received reports concerning financial crimes tied to LIBRA. The president, however, denied direct involvement. He claimed he only “spread the word” about the cryptocurrency rather than actively endorsing it. Davis profited heavily from LIBRA’s rapid rise and fall. Reports indicate he gained nearly $100 million from the token’s launch. However, he denied ownership of the tokens and insisted he did not sell them. Leaked messages suggested he paid Milei’s sister, Karina Milei, to have the president promote the token. Davis later dismissed the claims, stating he had no record of such transactions. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Grayscale Investments’ proposal for a Hedera (HBAR) exchange-traded fund (ETF). This development follows the Nasdaq Stock Market’s submission of a 19b-4 filing to the SEC on behalf of Grayscale, as we reported on March 4. Notably, Nasdaq had previously filed a similar 19b-4 form for Canary Capital’s spot HBAR ETF, highlighting the growing interest in regulated investment products for Hedera’s native cryptocurrency. Grayscale aims to list a spot HBAR ETF on the Nasdaq Stock Market and offer investors direct exposure to HBAR without requiring them to hold the asset directly. The proposed ETF will have key institutional players involved, with BNY Mellon Asset Servicing expected to act as the administrator and transfer agent, Coinbase Custody Trust Company serving as the custodian, and CSC Delaware Trust Company fulfilling the role of trustee. Grayscale’s push for an HBAR ETF aligns with its ongoing efforts to expand its crypto investment portfolio, with additional filings for ETFs linked to Polkadot (DOT) , Ripple (XRP), Dogecoin (DOGE), Solana (SOL), and Cardano (ADA). The timing of these filings coincides with growing optimism for a more crypto-friendly regulatory environment, particularly as U.S. President Donald Trump has begun implementing policies that favor digital assets. With the SEC’s acknowledgment, the proposal enters a critical phase. A 21-day public comment period is now open, allowing stakeholders to submit their insights, concerns, or support for the ETF proposal. Once this period concludes, the SEC will review the feedback and assess the potential impact of the ETF. Based on its evaluation, the SEC will then decide whether to approve, disapprove, or extend the review process, which could further delay the final decision. Following the announcement of Grayscale’s HBAR ETF proposal acknowledgement, Hedera experienced a notable price surge. As of now, it ranks as the 13th largest cryptocurrency by market capitalization, valued at approximately $8 billion. In the last 24 hours, HBAR has risen by 2.94% to reach $0.1990, with trading volumes increasing by 13.7% to $615 million, reflecting heightened market interest. Technical indicators suggest a double-bottom pattern forming on the 12-hour chart, hinting at a possible move toward $0.25 if the bullish trend continues. The Relative Strength Index (RSI) currently stands at 46.60, reflecting neutral market conditions without clear buying or selling pressure. Looking ahead, Coincodex predicts that Hedera’s price could rise by 14.97%, reaching approximately $0.233 by April 11, 2025. Given the significant price surge Bitcoin experienced following the approval of a BTC ETF, a similar approval for an HBAR ETF could act as a major catalyst for Hedera’s price. Additionally, a successful launch might encourage more asset managers to file for their own HBAR ETFs, further legitimizing and strengthening the asset’s position in the crypto market.

U.S. Senate panel advances stablecoin bill despite Democratic pushback The U.S. Senate Banking Committee approved the GENIUS Act, a bill to regulate stablecoin issuers, in an 18-6 vote, according to CoinDesk. While some Democrats sought to add stricter regulatory measures, their…