Crypto trading turned mixed over the past 24 hours. Bitcoin, XRP and Solana all posted losses, while LAB surged 68.2% with more than $236.9 million in volume, leading the day’s gainers.
Haseeb Qureshi, managing partner at Dragonfly Capital, faces renewed scrutiny over a 2011 poker scandal involving identity fraud, multi-accounting, and chip-dumping. The controversy was reignited after a co-founder publicly disputed Qureshi's account of the firm's early history. Some industry players cite Qureshi's past as a reason to approach collaboration with Dragonfly cautiously.
Bitwise’s spot Avalanche ETF, BAVA, has started trading on the NYSE, offering AVAX exposure plus targeted staking rewards of about 5.4%, while carrying tax, liquidity, volatility, and operational risks.
Crypto market cap falls to $2.36T. BTC and ETH edge lower. WLFI jumps 12% leading gainers; SKY and KITE up 8-9%. Fear Index at 9 (Extreme Fear). Coinbase adds XRP as collateral; Grayscale launches SUI ETF.
BTC stays above $81,000; SOL and DOGE climb over 3% to lead majors. XRP, BNB gain modestly; small-cap STON surges 72%. Capital rotates into altcoins amid mixed market, but macro risks persist.
DefiLlama data shows the stablecoin sector reached $313.002 billion after $2.742 billion in weekly inflows. USDT remains the largest at $183.93 billion, while Sky’s USDS posted the biggest gain among the top ten with an 8.5% weekly rise.
Crypto market recovers slightly on March 16: BTC up 2.5% to $72,794, ETH up 4.7%. RIVER leads gainers with 12% surge, Zcash gains 8%. Venus Protocol loses $3.7M in flash loan attack; Binance launches AI trading tools.
Forbes reported Binance holds 87% of the Trump-linked USD1 stablecoin supply ($4.7B of $5.4B). CZ countered that Binance's overall CEX stablecoin share is 60-70%, citing similar concentration in USDe (77.48%) and Sky Dollar (55.78%).
