• Lyn Alden calculates that the Fed's balance sheet increased by USD 300 billion just in the past week, and it is likely that due to problems in commercial banks, the Fed will now be forced to stop reducing liquidity in the market. At the same time, it is commented that the Fed effectively erased several months of progress in just a week - as much as liquidity was reduced during this period, it was increased in a week.
  • More than 37 million clients of the US financial giant Fidelity have been given new opportunities to invest in BTC using the recently launched Fidelity Crypto platform. The platform does not support withdrawals (yet?).
  • Blockchain Association, and at least one member of Congress are requesting regulators to provide explanations for actions that caused the crypto industry to lose several banking partners.
  • Meanwhile, the Federal Deposit Insurance Corporation denies Reuters' sources' claims that potential weekend buyers of Signature Bank are being required to reject crypto industry customers.
  • The team behind "Bitcoin DeFi" project Sovryn which is related to Bitcoin, has launched a Bitcoin-backed stablecoin called Sovryn Dollar (DLLR). The project also released new web app.
  • Bitcoin (BTC) funds are bleeding coins as the number is lowest since October 2021.
  • Developers of Ethereum (ETH) have confirmed that the update called Shanghai (later referred to as "Shapella") in this blockchain will be implemented on April 12th. It is supposed to allow users who have staked ETH in this blockchain to finally withdraw it.
  • Social media influencers who advertised the FTX crypto exchange are facing a class action lawsuit demanding compensation for a $1 billion loss.
  • The European Parliament has decided to begin negotiations with EU members regarding the "digital wallet" project related to digital EU citizenship.
  • MakerDAO, a project which controls the largest algorithmic stablecoin, dai (DAI), has decided to increase investments in US Treasury bonds by 150% to $1.25 billion. Like the second most popular stablecoin, USD coin (USDC), DAI also lost its "anchor" and fell below $0.89. Currently, the price has returned to $1.
  • The Bitcoin Opportunity Fund, led by James Lavish, David Foley, and four other investors, is set out to raise $100 million.
  • When filling out tax returns for the year 2024-2025, UK taxpayers will have to declare their cryptocurrency assets.
  • The US central bank (Fed) plans to launch the FedNow instant payment service for US financial institutions in July.
  • Investor Tim Draper donated USD 100,000 to Bitcoin Development.
so news recaps are back since I actually enjoyed doing them and it helps me and maybe some people to follow what's happening broadly. I will try to limit super irrelevant stuff but news are news