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Gemini to Serve as Custodian for Evolve's Leveraged Bitcoin ETF

2025.03.21 07:48:15

On March 21st, the cryptocurrency exchange Gemini declared that it would act as the custodian for the Evolve Levered Bitcoin ETF and the Evolve Levered Ether ETF. These two ETFs started trading on the Toronto Stock Exchange on Tuesday, with the TSX ticker symbols "LBIT" and "LETH" respectively. Both of these ETFs offer investors leveraged exposure to the cryptocurrency world, potentially enabling them to "attain amplified returns while maintaining a high level of security and regulatory compliance."
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The FDIC has released a new guideline outlining the process for banks to engage in cryptocurrency-related activities.

On March 29th, the Federal Deposit Insurance Corporation (FDIC) of the United States officially issued new guidance stating that institutions under the supervision of the FDIC are allowed to engage in "permissible" crypto activities without the requirement of prior approval from the FDIC.

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A certain Ethereum ICO participant's address has deposited 1700 ETH into Binance after being dormant for 7 years

On March 29th, as monitored by Onchain Lens, an Ethereum ICO participation address that had been dormant for 7 years deposited 1700 ETH (approximately $3.18 million) into Binance.

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The SEC Meets with Wintermute to Discuss Cryptocurrency Regulation Solutions

On March 29th, the U.S. Securities and Exchange Commission (SEC) made an announcement. It stated that the members of the cryptocurrency working group had a meeting with representatives from Wintermute Trading Ltd. and Morrison Cohen LLP on March 28th. The meeting focused on finding solutions to the problems related to the regulation of crypto assets. The representatives from Wintermute Trading Ltd. and Morrison Cohen LLP presented supplementary documents, and the topics in these documents were discussed during the meeting. Wintermute elaborated on trading and liquidity provision in the U.S. cryptocurrency market.

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Market News: Trump Plans to Host Salvadoran President at the White House in April

On March 29th, as per market information, President Trump of the US is scheduled to host President Nayib Bukele of El Salvador at the White House in April. (Foreign exchange)

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Coinbase International to Launch L3, FAI Perpetual Contracts

On March 29th, as per an official announcement, Coinbase Pro is going to list L3 and FAI perpetual contracts.

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The Sui Basecamp conference will take place in Dubai from May 1st to 2nd.

March 29th. As per official channels, the Sui Foundation and Mysten Labs have extended an invitation to global Sui community members to take part in the flagship conference of the Sui ecosystem, Sui Basecamp, which is scheduled to be held in Dubai from May 1st to 2nd, 2025. Those in attendance will join forces with Sui creators, developers, entrepreneurs, enthusiasts, and industry leaders. They will have the opportunity to listen to top-notch speakers, get a preview of the latest industry trends, and acquire in-depth knowledge about the blockchain technology that is driving the mass adoption of Web3. During this year's Sui Basecamp, attendees will be able to have the first-hand experience of the highly anticipated SuiPlay0X1 gaming handheld device for the very first time - prior to the commencement of the pre-sale shipping.

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