Author: Deep Tide TechFlow
Yesterday's Market Dynamics
US February Unadjusted CPI Year-over-Year 2.4%, Expected 2.40%
US February Unadjusted CPI Year-over-Year 2.4%, Expected 2.40%, Previous 2.40%.
US Department of Energy: Plans to Release 172 Million Barrels of Oil from Reserves in 120 Days
According to Jinshi Data, US Secretary of Energy Wright issued a statement on the release of the Strategic Petroleum Reserve, stating that the 32 member countries of the International Energy Agency have unanimously agreed to Trump's request to coordinate the release of 400 million barrels of crude oil and refined products from their respective reserves to lower energy prices. As part of this action, Trump has authorized the Department of Energy to release 172 million barrels of crude oil from the Strategic Petroleum Reserve starting next week. Based on the planned release rate, delivery is expected to take approximately 120 days. Meanwhile, Trump has committed to ensuring US energy security through responsible management of the Strategic Petroleum Reserve. The US has arranged to replenish approximately 200 million barrels to the strategic reserve over the next year—20% more than the planned withdrawal—with no cost to taxpayers.
SEC and CFTC Sign Memorandum of Understanding, Pledge to Jointly Advance Crypto Asset Regulatory Framework
According to The Block, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) formally signed a Memorandum of Understanding (MOU) on March 11, pledging to enhance coordination and cooperation in supporting legitimate innovation, maintaining market integrity, and protecting investor rights.
The two agencies stated that a key focus of the collaboration is to jointly develop federal policies to build an "adaptive regulatory framework" for crypto assets and other emerging technologies, and they committed to coordinating efforts to facilitate the lawful introduction of crypto asset products and remove related obstacles.
SEC Chairman Paul Atkins said that long-standing disputes over regulatory jurisdiction between the two agencies, duplicate registration requirements, and rule differences have already stifled innovation and caused market participants to turn to other jurisdictions. CFTC Chairman Michael Selig stated that this MOU aims to promote the harmonization of the regulatory frameworks of the two agencies to achieve comprehensive, seamless financial market supervision.
Binance Formally Files Defamation Lawsuit Against Wall Street Journal Over False Reporting
According to the official Binance blog, Binance formally filed a lawsuit against the Wall Street Journal on March 11, stemming from an article published by the media on February 23, 2026, regarding Iran sanctions. Binance claimed the content contained false and defamatory statements, which have led government officials to initiate unfounded investigations. Binance Global Head of Litigation Dugan Bliss stated that this lawsuit aims to hold the Wall Street Journal accountable for prioritizing traffic over journalistic integrity.
Ethereum Researchers Demonstrate "Native Rollups" Prototype, Potentially Simplifying Layer 2 Verification
According to The Block, Ethereum ecosystem developers have released a proof-of-concept prototype for "Native Rollups," enabling Ethereum to directly verify Layer 2 state transitions at the base layer without relying on external verification systems like zero-knowledge proofs or fraud proofs.
This solution introduces the EXECUTE precompilation mechanism through EIP-8079, replaying Layer 2 blocks on Ethereum's native layer to confirm their validity. Participating teams include Ethrex client developers, Ethereum Foundation contributors, and L2BEAT researchers. The developers stated that this design could allow Layer 2 networks to directly inherit Ethereum's security attributes and protocol upgrades, simplifying long-term maintenance costs. The solution is currently in the early exploratory stage and has not yet entered a production environment.
Across Protocol Proposes Transition from DAO to C-Corp, ACX Holders Can Swap for Equity or Redeem for USDC
According to The Block, Paradigm-backed cross-chain interoperability protocol Across Protocol has released a temperature check proposal exploring a transition from a DAO structure to a US C-Corporation (AcrossCo).
Token holders will have two options:
- Equity Swap: Convert ACX to AcrossCo equity at a 1:1 ratio
- Redemption: Convert ACX to USDC at the one-month average price, with a 6-month redemption window
The team stated that the existing DAO structure creates bottlenecks when signing enforceable contracts with institutional partners, and the transition will help drive the protocol's next phase of growth. If community sentiment is positive, the team will initiate a formal governance vote in two weeks, with the majority vote determining the final outcome.
Sources: Hong Kong to Issue Stablecoin Licenses to HSBC, Standard Chartered, and OSL
According to Sing Tao Daily citing multiple sources, HSBC, Standard Chartered, and local Hong Kong virtual asset trading platform OSL will be among the first batch of companies to receive Hong Kong stablecoin licenses. The report stated that the list could be announced as early as next week but is not yet final and is still subject to change. The Hong Kong Monetary Authority declined to comment on market rumors.
Market News: Binance, PayPal, and Ripple Join Mastercard's New Blockchain Payment Project
According to market news, Binance, PayPal, and Ripple have joined a new blockchain payment project launched by Mastercard.
VanEck Announces Select Crypto ETFs Now Accessible Through Basic Capital's 401(k) Plan
According to Cointelegraph, asset management firm VanEck announced that select digital asset exchange-traded products (ETPs) under its umbrella will be made available to US 401(k) retirement account holders through the fintech platform Basic Capital, marking the formal entry of crypto assets into traditional employer pension plan systems.
VanEck's major crypto products include the Bitcoin spot ETF VanEck Bitcoin Trust (HODL), the Ethereum spot ETF VanEck Ethereum Trust (ETHV), and the VanEck Digital Transformation ETF (DAPP) which invests in companies related to the digital asset ecosystem. Additionally, VanEck launched a spot Avalanche ETF in the US earlier this year. The specific products to be listed were not disclosed.
Basic Capital was founded in 2021 and completed a $25 million Series A funding round last year led by Forerunner and Lux Capital. Its 401(k) platform supports alternative asset allocations beyond traditional stocks and bonds.
Metaplanet to Establish Two Wholly-Owned Subsidiaries in Japan and US, Plans 4 Billion Yen Investment in Japanese Bitcoin Financial Infrastructure
According to disclosures by Metaplanet CEO Simon Gerovich, the board of the Japanese listed company Metaplanet has resolved to establish two wholly-owned subsidiaries: Kabushiki Kaisha Metaplanet Ventures and US subsidiary Metaplanet Asset Management Inc.
Metaplanet Ventures will invest 4 billion yen over the next few years in Japanese companies engaged in Bitcoin financial infrastructure construction, covering lending, payments, custody, stablecoins, derivatives, and compliance. It will also simultaneously launch an incubator program for Japanese entrepreneurs and a grant program for open-source developers, educators, and researchers. As the first investment by Metaplanet Ventures, the company has signed a basic agreement with Japan's first registered yen stablecoin project, JPYC Kabushiki Kaisha, for an investment of up to 400 million yen.
Metaplanet Asset Management Inc. will be established in Miami, positioning itself as a digital credit and Bitcoin capital markets platform connecting Asian, European, and American capital markets. It plans to engage in businesses related to yield, equity, credit, and volatility strategies, with specific products to be announced successively.
Ripple Initiates Share Buyback Plan of Up to $750 Million, Company Valuation Reaches $50 Billion
According to The Block, Ripple has initiated a company share buyback plan of up to $750 million. This buyback corresponds to a company valuation of $50 billion. The buyback is being conducted as a tender offer, allowing investors and employees to sell their shares back to the company, and is expected to last until April.
Ripple President Monica Long previously stated that the company has no immediate plans for an IPO and prefers to achieve private growth through mergers and acquisitions and product development. Previously, Ripple acquired institutional broker Hidden Road (approx. $1.25 billion) and stablecoin platform Rail ($200 million), and announced plans to acquire BC Payments to obtain an Australian financial services license.
Market Dynamics
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