BitMine increased its ETH holdings by 65,341 last week, bringing the total holdings to 4.661 million ETH

On March 23, Fortune reported that Kalshi early employee Adhi Rajaprabhakaran has launched 5c(c) Capital—a $35 million fund focused on early-stage prediction market startups. The fund’s partners include Rajaprabhakaran (a former trader who was Kalshi’s second hire) and Noah Zingler-Sternig, Kalshi’s ex-COO. Per fund documents, early backers span Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, VC giant Marc Andreessen (via his Moneta Luna fund), Ribbit Capital founder Micky Malka, and former Multicoin Capital managing partner Kyle Samani.

**March 23 — NovaBay Pharmaceuticals, a U.S. pharmaceutical firm, has rebranded to Stablecoin Development Corporation and changed its stock ticker from NBY to SDEV, signaling its shift from healthcare to crypto and stablecoin development.** **The company previously closed a $134 million private funding round and now holds roughly 20.6 billion SKY tokens — about 8.78% of the total supply — after building up its SKY position. It has begun staking its SKY tokens and has so far earned approximately 26.6 million SKY in rewards.** **(CoinDesk)**

March 23rd – Bitcoin mining firm Core Scientific announced JPMorgan Chase has added a $500 million expansion commitment to its 364-day credit facility, pushing total financing to $1 billion. Morgan Stanley had previously committed $500 million to the arrangement. The financing rate is the Secured Overnight Financing Rate (SOFR) plus 250 basis points (2.5%). Core Scientific intends to use the proceeds for general corporate purposes tied to data center asset development, including equipment purchases, pre-development costs, land acquisition, and additional data center power procurement.

March 23 — A source told The Jerusalem Post that the Iranian official currently negotiating with the U.S. is Parliament Speaker Ghalibaf, per Golden Finance.

March 23 (Bloomberg) — The U.S. Securities and Exchange Commission (SEC) has sent two new proposed rules to the Office of Management and Budget (OMB) for review, covering digital assets and disclosure requirements for hedge funds and private equity firms. The proposals were filed March 20 and made public Monday. SEC Chair Paul Atkins teased the digital asset rule last week; it includes an “Innovation Hub” that lets digital asset firms temporarily register as brokers, exchanges, or other regulated entities. The second rule targets major updates to Form PF — the form hedge funds and private equity funds use to report performance and risk metrics. Atkins earlier delayed the effective date of the new Form PF disclosures (developed under former SEC Chair Gary Gensler) to Oct. 1, and signaled plans to look for ways to ease disclosure burdens.

March 23 — Polymarket announced today it has updated market integrity rules for its U.S. exchange’s DeFi platform, which is regulated by the Commodity Futures Trading Commission (CFTC). The updated rules are now incorporated into the DeFi platform’s Terms of Use and Polymarket’s U.S. Rulebook. This move further strengthens the platform’s requirements against insider trading and market manipulation, while reaffirming its commitment to upholding market quality and protecting user rights. ### Key Insider Trading Prohibitions in the Updated Rules 1. **Trading on Stolen Confidential Information** Participants may not trade any contracts if they possess confidential information about an underlying event’s outcome (or potential outcome) and using that information would breach a pre-existing trust or confidentiality obligation to others or entities. 2. **Trading on Unlawfully Obtained Inside Information** Participants may not trade using confidential information provided b