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U.S. Senator Warren Asks Top Creator MrBeast for Details on Youth Crypto Plan

2 hours ago

March 27 — According to The Block, Elizabeth Warren, Democratic ranking member of the U.S. Senate Banking Committee, has raised concerns over Beast Industries’ acquisition of fintech firm Step, which previously allowed minors to invest in cryptocurrency. In a letter sent Monday, Warren is requesting additional information from Jimmy Donaldson (better known as MrBeast, a YouTube creator with over 470 million subscribers) and Beast Industries CEO Jeff Housenbold. “Beast Industries is primarily an entertainment and consumer-focused company,” Warren wrote in the letter. “Any entry into financial services—especially services targeting children—must be extremely cautious and compliant with all applicable laws.” Beast Industries acquired Step this past February. The company says its mission is to make financial literacy and wealth management more accessible to young users. Step allows users under 18 to open a bank account with parental supervision; while Step is not a bank itself, its app offers a way for teens and young adults to get a “financial start,” with tools including deposits, expense tracking and credit-building features.
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A new address withdrew 340 bitcoins from Binance.

On March 27, a new address withdrew 340 Bitcoins (valued at approximately $23.14 million) from Binance, per Onchain Lens monitoring.

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A whale withdrew $1.4 million worth of ZRO in the past 12 hours and is actively longing HYPE, TAO, and ZEC.

**March 27th Update** Per The Data Nerd’s monitoring, 12 hours prior, a whale named "Corus" executed these moves: - Deposited 1.5M USDT to Binance - Withdrew 645,500 ZRO (~$1.4M) Additionally, the whale holds 318,100 HYPE (~$12.27M) and has 3 pending accumulation orders for TAO, ZRO, and ZEC (~$1.25M total).

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Former Governor of the People's Bank of China: We can discuss cryptocurrency and blockchain technology, the key is to adapt to user experience

On March 27, 2026, Zhou Xiaochuan, former governor of the People’s Bank of China (PBOC), attended the 2026 Boao Forum for Asia Annual Conference. He noted that a good payment system isn’t about leading in a single technology or performance metric—just as instant payment isn’t necessarily better. The most critical factor is “adaptability.” Zhou pointed out that regulation should focus on combating money laundering, drug trafficking, cross-border gambling, and telecom fraud, among other issues. Several central bank governors at the forum noted that while digital currencies are now used in payment systems, fraudsters also leverage digital currencies, and such fraud is “quite rampant.” Zhou added that anti-fraud capabilities still need continuous improvement. When discussing regulatory adaptability, Zhou again addressed stablecoins. He explained that as soon as online fraud proceeds hit an account, they’re immediately split into hundreds or thousands of accounts to evade compliance c

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By 2025, the funding raised by the cryptocurrency payment company surged to $2.6 billion, surpassing the total fundraising of the past three years.

March 27th (Bloomberg) — Private funding for the cryptocurrency sector rose from nearly $13 billion in 2024 to $20.4 billion in 2025, per Bloomberg data, though it remains below the 2022 peak of $27.6 billion. Top private funding areas include "Investment & Trading Infrastructure" and "Brokers & Exchanges" (i.e., financial applications), with payment infrastructure ranking third. Cryptocurrency payment firms raised $2.6 billion in 2025 — more than the total raised in the prior three years combined. Given Mastercard’s recent acquisition of BVNK, that figure is expected to climb further this year. By contrast, blockchain gaming funding has collapsed: It hit $37.6 billion in 2022 (roughly 14% of total private crypto funding) but was no longer listed as a separate category in 2025. For Web3 dApps, 2022 saw $5.2 billion in funding; in 2025, the dApp segment focused solely on consumer applications pulled in just $864 million.

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Coinbase’s Chief Policy Officer Calls for Cryptocurrency Tax Reform, Calling Current System Outdated

March 27: Coinbase Chief Policy Officer Faryar Shirzad called on U.S. lawmakers to update cryptocurrency tax regulations, saying the current system—where crypto assets are treated as “property”—is struggling to keep pace with the industry’s evolution. He noted that under current rules, even paying gas fees or using stablecoins for everyday transactions can trigger tax liabilities—requiring users to calculate cost basis, track gains and losses, and adding to compliance burdens. Coinbase data shows tax-related customer service inquiries are up 34% year-over-year, with millions of 1099-DA forms set to be issued by 2025—many tied to small-value transactions. Shirzad also noted that more than 63% of users have gaps in their cost basis records, and he proposed a de minimis exemption for small transactions to cut down on compliance complexity. He warned that failing to update the rules could hurt the U.S.’s competitiveness in the crypto space. (Cryptopolitan)

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Hyperliquid Ecosystem RWA DeFi Protocol Felix Launches Tokenized Stock and ETF Trading

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