Author: Deep Tide TechFlow
Yesterday's Market Dynamics
US Democratic Congresswoman Calls for Trump's Removal from Office
Market News: US Democratic Congresswoman Alexandria Ocasio-Cortez has formally called for the removal of President Trump from office under the 25th Amendment of the Constitution. The 25th Amendment of the US Constitution stipulates that if the President becomes incapable of governing, the Vice President shall assume the powers and duties of the office.
SEC Chair: Tokenization Innovation Exemption Plan May Be Released in Coming Weeks
According to The Block, the US House Financial Services Committee held a hearing on "Tokenization and the Future of Securities: Modernizing Capital Markets." Meanwhile, the US Securities and Exchange Commission (SEC) is preparing to launch an innovation exemption plan for tokenized assets, which may operate as a regulatory sandbox mechanism for on-chain assets.
SEC Chair Paul Atkins stated that the regulatory agency will solicit public comments on issues related to future rulemaking. Previously, the SEC has approved several initiatives related to tokenized securities: in December of last year, it authorized the Depository Trust & Clearing Corporation (DTCC) to tokenize specific highly liquid assets on pre-approved blockchains; the New York Stock Exchange (NYSE) announced the development of a platform for trading tokenized securities and on-chain settlement; Nasdaq also received SEC approval for rule changes to support the trading of tokenized stocks.
During the hearing, several lawmakers expressed reservations. Representative Brad Sherman expressed concern that the exemption plan would create a "two-track market," allowing tokenized securities on the blockchain to bypass core securities regulations. Representative Maxine Waters, citing lessons from the 2008 financial crisis, questioned whether tokenization would truly benefit investors rather than just "middlemen," and also expressed concern regarding Trump's cryptocurrency-related conflicts of interest.
Trump Plans to Appoint Zuckerberg, Huang Renxun, and Ellison to Technology Advisory Committee
According to the Wall Street Journal: Trump plans to appoint Mark Zuckerberg, Jensen Huang (Huang Renxun), and Larry Ellison to a Technology Advisory Committee. This committee will provide opinions on the government's artificial intelligence policies and other issues. David Sacks will serve as the committee's co-chair.
Binance Releases Market Maker Guidelines, Warns Projects and Users About Market Manipulation Risks
According to the Binance official blog, Binance has published a Red Flag Guide for crypto market makers, alerting users and project parties to be vigilant of the following risky behaviors: aggressive selling that conflicts with token release schedules, one-way sell orders, coordinated cross-platform selling, high trading volume mismatched with price movements, and abnormal price volatility caused by insufficient liquidity.
Binance advises project parties to conduct strict due diligence when selecting market makers, clearly define contract terms, prohibit profit-sharing models, and continuously monitor market maker activities after listing. Binance stated it will take punitive measures, including blacklisting, against non-compliant market makers and has opened a reporting channel.
Bitmine Launches Self-Developed Ethereum Staking Platform MAVAN, Has Staked 3.1426 Million ETH with Nearly $300 Million Annualized Yield
According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) officially announced on March 25th the launch of MAVAN (Made In America VAlidator Network), its self-developed institutional-grade Ethereum staking platform. As of March 24, 2026, Bitmine has staked 3.1426 million ETH, equivalent to approximately $6.8 billion at current prices, making it the world's largest Ethereum holder. After MAVAN is fully operational, the annualized staking yield is projected to be close to $300 million (based on a 7-day yield of 2.83%).
The company stated that MAVAN will be open to institutional investors, custodians, and ecosystem partners, with plans to gradually expand to other proof-of-stake chains and blockchain infrastructure services. Within 2026, it will also advance businesses such as on-chain treasury and post-quantum client development. Bitmine's backers include institutions such as ARK's Cathie Wood, Founders Fund, Pantera, Galaxy Digital, among others. The company's long-term goal is to hold 5% of the world's ETH.
Ethereum Foundation Releases Quantum-Resistant Upgrade Roadmap, Expects L1 Upgrade Completion by 2029
According to DL News, the Ethereum Foundation officially released a quantum-resistant upgrade roadmap on Tuesday, planning to complete the initial L1 protocol upgrade by 2029, with the full execution layer migration to be carried out in the following years.
The roadmap revolves around four key hard forks: The "I" fork will provide network validators with quantum-resistant public keys; the "J" fork aims to reduce the Gas fees required to verify quantum-resistant signatures; these two upgrades have been included as candidate proposals for the Hegota fork expected later this year. The "L" fork will compress the blockchain state into zero-knowledge proofs; the "M" fork will provide quantum resistance for second-layer networks.
The Ethereum Foundation stated that quantum computing will ultimately break the public-key cryptography currently securing ownership, authentication, and consensus mechanisms, but estimates that quantum computers "with cryptographically threatening capabilities" are still 8 to 12 years away. The Foundation established a dedicated quantum research team in January of this year and emphasized that "related work must begin before the threat arrives."
Polymarket to Impose Taker Fees on Almost All Trading Categories Starting March 30
According to CryptoNews, the decentralized prediction market platform Polymarket announced that starting March 30, it will for the first time introduce taker fees for almost all trading categories, with rates varying by category. Among them, cryptocurrency-related contracts have the highest fees, peaking at 1.8%; politics, sports, finance, culture, weather, and general categories apply lower tiered fees; mention-class and some economic bets peak around 1.5%. Geopolitics is the only category exempt from fees.
Makers can still receive rebates, with rebate ratios ranging from 20% to 50% depending on the category.
This adjustment ends Polymarket's long-standing zero-fee model. The platform had accumulated significant liquidity during the 2024 US election cycle thanks to zero fees. The platform positions this fee adjustment as a necessary measure to achieve sustainable growth and liquidity provision.
Visa Announces It Has Become a Canton Network Super Validator
According to The Block, Visa announced it has been selected as a Super Validator for the Canton Network, marking Visa's first submitted and approved blockchain governance proposal.
Visa's application was submitted on March 20 and approved on March 23, granting it the highest super validator weight of 10. Visa stated that it will use this as a basis to assist institutions in introducing Canton into practical business scenarios such as payments, settlement, and treasury management, and plans to leverage Canton's payment layer to expand its stablecoin business.
The Canton Network currently has 42 super validators, with a total of 849 validator nodes, and daily fee revenue is approximately $2.3 million. Current participating institutions include BNP Paribas, Goldman Sachs, DTCC, Nasdaq, Circle, Paxos, among others.
Y Combinator-Backed Startup Glimpse Completes $35 Million Series A Funding Round Led by a16z
According to TechCrunch, Y Combinator-backed startup Glimpse announced the completion of a $35 million Series A funding round led by Andreessen Horowitz (a16z), with participation from 8VC and Y Combinator. Glimpse focuses on helping retail brands automate financial deduction processes, using AI technology to identify invalid deductions and automatically submit disputes, assisting brands in recovering potential lost funds. The company was previously involved in Airbnb product display business and completed its transformation in 2024. Its total funding has reached $52 million, and it currently serves over 200 retail brands, including clients like Suave and ChapStick.
Market News: SpaceX Plans to Raise Up to $75 Billion in IPO
According to market news, SpaceX plans to raise up to $75 billion in its IPO.
Bloomberg: Tether Has Paused $20 Billion Financing Plan, Awaiting Results of Its First Full Financial Audit
According to Bloomberg, stablecoin issuer Tether Holdings SA had previously planned to raise $20 billion in funding, but the plan has now been paused. The company is awaiting the results of its first comprehensive financial audit and may restart the fundraising after the audit results are released. According to informed sources, throughout the financing process, potential investors and bankers have been urging Tether to improve financial transparency. However, one source indicated that some potential investors are still prepared to support the company before the audit results are announced.
Market Dynamics
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