WolvesDAO’s WOOF token struggles after launch

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WolvesDAO’s gaming and AI token WOOF launched on Avalanche on Friday — and quickly crashed in price. 

It went live around 10 am ET. Within two hours, it went from $0.041 to $0.009, according to its chart on GeckoTerminal.  

That’s a 78% price dump in 120 minutes. Some on Crypto Twitter have accused “insiders and organizers” of selling early and contributing to the quick price plunge. 

Others, like investor and gaming influencer Jonah Blake, have decided to buy the token well after the fact because they like the team (and admittedly don’t care if they lose that money). Looking at…

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Trump’s crypto summit: Fleeting gains or lasting change?

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The much-hyped Trump crypto summit turned out to be a textbook PR exercise — big on optics, light on substance. While some viewed the event as a watershed moment, the reality is that we’re still very much in wait-and-see mode. Yes, it represents a break from the past administration’s overt hostility to crypto, but we knew that already.

The US government is not buying your bags — nor should it — but it’s also not buying someone else’s bags — maybe a positive outcome? Net net, as Impossible Cloud Network co-founder Kai Warwzinek bluntly put it: “While promising great change for…

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LATEST: Thailand SEC Greenlights Tether USDT for Trade and Payment Uses

Thailand’s SEC has greenlighted Tether and Circle’s USD Coin for digital transactions marking a significant shift in the regulatory landscape. This pivotal decision effective March 16 allows these stablecoins as base trading pairs in exchanges fuels investments in ICOs and supports ICO portals. Tether’s CEO Paolo Ardoino lauded this development spotlighting the firm’s dedication to bolstering Thailand’s digital ecosystem.

The endorsement positions Thailand among the top crypto-friendly nations with stablecoins now integral to its burgeoning digital economy. Previously only a select list of cryptocurrencies like Bitcoin and Ethereum were permitted for ICO investments and trading pairs. The inclusion of USDT and USDC underscores Thailand’s strategic embrace of stablecoins boosting its crypto market stature.

Globally the stablecoin sector witnesses rapid expansion with USDT and USDC at its helm controlling a dominant share of the market. As regulatory discussions advance further growth is anticipated with major financial entities like Bank of America and PayPal exploring stablecoin services. This trend underscores a growing integration of traditional financial structures with the digital asset space enhancing the bridge between conventional banking and cryptocurrencies.

Source

Bitcoin has formally entered its sovereign state era

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. 

Bitcoin is writing history as we speak. 

Blockworks’ newest podcast Supply Shock now actively connects the dots between the current state of Bitcoin and its tumultuous timeline — all anchored by the unique perspective of its host Pete Rizzo, the Bitcoin Historian.

So, let’s get you up to speed with the three most memorable moments in Bitcoin from the past week:

Uncle Diamond Hands

It’s happening: The US government officially holds bitcoin as a reserve asset.

Could last Thursday’s executive order have been more bullish? Maybe. The Strategic Bitcoin Reserve will, in the…

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Dinocoins are making a comeback: K33

This is a segment from the Empire newsletter. To read full editions, subscribe.

An interesting dynamic is taking place in the market right now: Dinocoins are having a bit of a moment. 

In a research note from K33, analysts looked at why institutions favor “older, more established coins over the new shiny things with no track record.”

“This, in turn, is causing more interest among retail investors and traders for the familiar ‘boomer’ or ‘dino’ coins.”

Some of this also comes from the fact that President Trump’s administration has changed the tide, and he’s effectively “given altcoins the institutional stamp of approval.”

“The typical (young)…

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LATEST: Singapore Exchange Launches Innovative Open-Ended Futures Contracts for Bitcoin

Singapore is making a bold step into the future of finance as the Singapore Exchange (SGX) announces plans to introduce perpetual Bitcoin futures in the latter half of 2025. Targeted towards institutions and professional investors these futures will have no expiry date and are designed to expand the current crypto offerings significantly.

Adding to the diverse landscape of financial innovation in Singapore the AsiaNext and EDXM platforms already provide similar trading options. AsiaNext a partnership between Switzerland’s SIX and SBI Digital Asset Holdings offers both Bitcoin and Ether derivatives against dollars and calendar futures. Shortly after AsiaNext’s debut EDXM Global followed suit launching trading services against stablecoins.

With this move SGX continues to deepen its foray into the blockchain and crypto space. Since its collaboration with Temasek to establish the FundNode blockchain infrastructure and its involvement in the DBS Digital Exchange SGX has been at the forefront of integrating blockchain technology into traditional finance. This initiative underscores Singapore’s commitment to positioning itself as a leader in the evolving world of digital assets.

Bloomberg