ACX 24-hour Price Change Expands to 82%, Token Holders Can Redeem AcrossCo Equity

March 12 — The USDC Treasury has just minted 90 million additional USDC on the Ethereum blockchain, per Whale Alert tracking.

On March 12, Trump said the strike on Iran isn’t over yet.

**March 12 (Bloomberg) — Senate Banking Committee top Republican Tim Scott said Wednesday the lead prosecutor handling the Department of Justice’s (DOJ) criminal investigation into Federal Reserve Chair Jerome Powell has been replaced. “I believe the lead prosecutor has been replaced—that’s a fact,” Scott stated.** Powell previously disclosed the DOJ issued a subpoena to the Fed in January, threatening criminal charges. The subpoena ties to the Fed’s $25 billion renovation of its Washington headquarters and Powell’s testimony before the Senate Banking Committee last year about the project. In a sharply worded video response, Powell claimed the investigation stems from the Fed’s refusal to set interest rates as former President Trump requested. Earlier today, reports surfaced that Powell’s Fed Chair nomination has been blocked, with Republican senators demanding the investigation into Powell be completed first.

March 12: Fitch says labor market cools, wage growth slows—may prompt Fed to cut interest rates twice in 2026. (FX678)

March 12 – Joint Maritime Information Center (JMIC): No concrete evidence of mines in the Strait of Hormuz. (Golden Finance)

On March 12, FDIC Chairman Travis Hill told attendees at the American Bankers Association’s Washington Summit that the agency plans to propose a rule clarifying that payment stablecoins subject to the GENIUS Act are ineligible for “pass-through insurance”—meaning third-party financial institutions cannot secure government deposit protection on behalf of stablecoin users. This stance aligns with the GENIUS Act’s legislative intent, even though the law does not explicitly ban such arrangements. Hill noted that current pass-through insurance rules require end-user identity and ownership to be verifiable in the normal course of business—a feature not common to large stablecoin arrangements. While stablecoins do not carry FDIC insurance, the GENIUS Act mandates they be fully reserved. Additionally, Hill said the FDIC is evaluating the classification of tokenized deposits, indicating that regardless of technology or accounting methods used, tokenized deposits should be treated as de