What’s Happening in Crypto Today? Daily Crypto News Digest – March 20, 2025
Get your daily bite-sized digest of the latest crypto news, covering key developments in blockchain and cryptocurrency markets.
Crypto Market Overview
- Total Market Cap: $2.92T (unchanged in 24 hours)
- Daily Trading Volume: $111B (returning to typical levels)
- Bitcoin (BTC): $86,176 (+2.6%)
- Best Performers:
- Bonk (BONK): +5.9% ($0.0000117)
- XDC Network (XDC): +5% ($0.07134)
- Biggest Losers:
- Entangle (NTGL): -13.6% ($0.002456)
- Optimism (OP): -3.5% ($0.8962)
- Top 10 Movers:
- Ethereum (ETH): -1.1% ($2,002)
- XRP: -0.6% ($2.51)
- Binance Coin (BNB): +2.7% ($626.84)
Bitget Wallet Launches SuperDEX
- Bitget Wallet introduced SuperDEX, a decentralized trading platform designed to:
- Offer equal access to decentralized finance (DeFi).
- Support 1M+ tokens across 130 chains.
- Enable cross-chain swaps and gas-free trading.
- The Trading Rebate program (beta phase) allows users to earn commissions by inviting others to trade.
Walrus Foundation Raises $140M in Funding
- Walrus Foundation secured $140M in private token sales led by Standard Crypto, with support from a16z crypto, Electric Capital, and Franklin Templeton Digital Assets.
- Purpose of Funding:
- Expand and maintain Walrus decentralized data storage protocol.
- Support application development on its network.
- Walrus Mainnet Launch Date: March 27.
Bitfinex Opens New Subscription Window for USTBL Tokenized Treasury Bonds
- Bitfinex Securities will accept new subscriptions for USTBL tokenized treasury bonds from March 20-21.
- Key Features of USTBL:
- First tokenized TBILL product built on Bitcoin technology.
- Provides exposure to short-term US Treasury bonds.
- Existing holders can redeem USTBL for Tether (USDT) during the subscription window.
Final Thoughts
- Crypto markets remain strong, with BTC and BNB leading the way.
- Institutional interest grows, as seen in Walrus Foundation’s $140M raise.
- DeFi innovation expands, with Bitget SuperDEX aiming to lower Web3 entry barriers.
- Tokenized finance adoption continues, with Bitfinex’s USTBL offering a regulated investment vehicle.
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