US February inflation came in at 2.8% year-over-year, below expectations and slowing from January's 3%, reinforcing expectations for a Fed rate cut in June.
Trump's 25% tariffs on steel and aluminum triggered immediate retaliation from the EU and Canada, intensifying trade tensions as both announced billions in countermeasures.
The global crypto market cap is $2.7tn, a 1.86% increase over the last day. The total crypto market 24h volume decreased 13.50% to $101.17bn.
On Mar 12, 2025, Bitcoin ETF flow data from Farside Investors reported a net inflow of $13.3 million, the first daily net inflow this week. The largest inflow came from ARKB, which added $82.6 million, significantly boosting the overall positive flow. In contrast, IBIT saw a major outflow of $47.1 million, while BTCO and GBTC recorded outflows of $12.4 million and $11.8 million, respectively. BTCW also experienced a minor outflow of $3.5 million. Meanwhile, ETH ETFs recorded net outflows of $10.3m.
SIMD-228, which proposes to cut SOL inflation by 80%, has gained 37.5% support from Solana validators. It aims to cut staking rewards by 80%, lowering the amount of new SOL entering circulation and potentially increasing its value. However, smaller validators may struggle to remain profitable, raising concerns about network decentralization.
Currently, Solana’s inflation model gradually reduces staking rewards by 15% per year, with inflation eventually stabilizing at 1.5% annually. At the same time, transaction fee burning offsets some of the new supply, helping regulate inflation. However, as network activity and transaction fees decline, fewer tokens are being burned, while staking rewards continue adding new SOL at a 6.8% inflation rate.
Coinbase CEO Brian Armstrong revealed on X that Coinbase now works with 145 government entities in the US and 29 government entities outside the US, saying "We'd like to help everyone custody, trade, and use crypto, and that includes governments around the world. Let's bring everyone onchain!"
Bolivia’s state-owned energy firm YPFB will begin using crypto to pay for fuel imports as the as the country faces a critical US dollar shortage and declining natural gas production. This follows government approval to use digital assets for purchasing energy supplies.
Yesterday, a crypto whale was liquidated for over $308 million on a 50x leveraged Ether trade after rotating all Bitcoin holdings into the position according to Hypurrscan data.
On Mar 13, Ripple received full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).
