Key Points
- Strategy announces $21B stock offering to fund Bitcoin purchases, Coinbase plans to hire 1,000 U.S. employees in 2025.
- Binance receives $2B investment from Emirati firm, Latin American nations cooperate on crypto regulations.
Strategy, led by Michael Saylor, has launched a $21 billion offering of its Series A preferred stock (STRK).
The main aim of this offering is to fund further purchases of Bitcoin (BTC).
Despite being one of the major corporate holders of Bitcoin, with nearly 500,000 BTC, Strategy’s stock has been on a downward trend this year.
Coinbase’s Expansion Plans
Brian Armstrong, CEO of Coinbase, revealed plans to hire approximately 1,000 employees in the U.S. by 2025.
According to Armstrong, President Trump is reviving the crypto industry, despite its current weakness.
Hassan Ahmed, Coinbase’s regional director for Southeast Asia, also expressed optimism about the long-term prospects of the digital asset industry.
Coinbase has also secured registration with India’s Financial Intelligence Unit (FIU), marking its reentry into the Indian market after previous regulatory pressure forced it to withdraw.
Binance Receives Investment, Denies Trump Talks
Emirati state-owned investment firm MGX has invested $2 billion in Binance. This transaction, conducted using stablecoins instead of traditional currency, is reported as the “largest investment ever” paid in cryptocurrency.
Changpeng Zhao, Binance’s founder and former CEO, denied a Wall Street Journal report that claimed there were discussions about a potential Trump family investment in Binance US.
In a post, Zhao stated that the WSJ article was factually incorrect and denied having any discussions about a Binance US deal.
After Telegram founder Pavel Durov was granted temporary permission to leave France for Dubai, Toncoin (TON), the digital token linked to Telegram’s Telegram Open Network (TON), saw a significant increase in its trading volume.
El Salvador and Paraguay have agreed on a cooperative framework to allow cryptocurrency sector development and regulatory alignment.
According to Paraguay’s SEPRELAD, the agencies will work together to detect and control unlicensed crypto operations.
South Korea’s Financial Services Commission plans to release comprehensive guidelines for institutional cryptocurrency investment by the third quarter of 2025.
Indian authorities arrested Aleksej Besciokov, one of the alleged operators of the illicit cryptocurrency exchange Garantex, accusing him of money laundering through the platform.
Ripple has received authorization from the Dubai Financial Services Authority to provide regulated cryptocurrency payments and services in the UAE.
Argentinian lawyer Gregorio Dalbon has requested an international arrest order for Hayden Davis, the founder of the controversial memecoin LIBRA.
Cryptocurrency payment application MoonPay has acquired Iron, an API-focused stablecoin infrastructure platform, in a deal reportedly worth at least $100 million.
The Ethereum (ETH) Foundation plans to launch a new “long-lived” testnet called Hoodi on March 17.
Ethereum is currently in a deep bear market, having fallen by over 53% from its highest level in December.
The Delaware bankruptcy court overseeing the FTX estate has approved Three Arrows Capital’s petition to increase its claim from $120 million to $1.53 billion.
