);)
Circle, the issuer of stablecoin USDC, submitted Form S-1 to the U.S. Securities and Exchange Commission (SEC) on the 1st and applied for an initial public offering (IPO). Circle has continued to grow amid regulatory legislative movements related to cryptocurrencies in the U.S. and is now challenging to become a listed company.
2. Stablecoin Market Capital Inflow in March Records 15 Trillion Won... Market Cap Rises 4.52%
Approximately $10.1 billion (about 15 trillion won) flowed into the stablecoin market in March, increasing the market capitalization by about 4.52% in a month. According to data from on-chain analysis platform DeFi Llama on the 1st, about $31.59 billion (about 46 trillion won) has flowed into the stablecoin market since the beginning of the year.
3. U.S. Senator Previews Bill to Add Cryptocurrency to Retirement Funds
Senator Tommy Tuberville previewed in an interview with Fox News on the 31st that he will submit a bill allowing cryptocurrency options in U.S. retirement funds. He announced that he will reintroduce the "Financial Freedom Act" that failed to pass Congress in 2022 and 2023.
4. Ethereum Overtakes Solana in DEX Trading Volume in March
Ethereum network's decentralized exchange (DEX) trading volume in March recorded $6.462 billion (about 96 trillion won), surpassing Solana network's DEX trading volume of $5.262 billion (about 77 trillion won). On-chain analysis platform DeFi Llama's report on the 1st attributed Ethereum's reclaiming of the top spot in DEX trading volume to Uniswap's performance, which recorded over $3 billion (about 44 trillion won) in trading volume.
5. Binance Suspends Tether Trading in EU... "To Comply with MICA Regulation"
Binance announced through an official statement on the 1st that it will suspend spot trading of Tether (USDT) in the European Economic Area (EEA). Binance stated that the suspension of Tether spot trading is to comply with the European Union's integrated cryptocurrency regulation 'MICA'.
6. Coinbase Stock Hits Worst Performance Since FTX Collapse
Coinbase's stock price recorded its lowest performance in about three years due to the cryptocurrency market's price decline. Coinbase's stock price recorded $172 on the 1st, a decline of about 33% compared to the beginning of the year.
7. Tether Adds 8,888 Bitcoins in Q1
Tether, the issuer of the top market cap stablecoin Tether (USDT), added approximately 8,888 Bitcoins (BTC) in the first quarter of 2025. According to the announcement by on-chain analysis platform Arkham Intelligence on the 1st, Tether invested $750 million (about 1.1036 trillion won) to acquire approximately 8,888 Bitcoins. As of the 1st, Tether's Bitcoin holdings are about 100,521 coins.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
