President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

South Korean financial regulators have issued guidelines prohibiting exchanges from opening corporate wallets for firms to buy US dollar-pegged stablecoins like Tether’s USDT and USD Coin. The regulators are set to reform these guidelines this year, frustrating listed companies hoping to make crypto investments.

Florida's Senate Bill 314, passed unanimously, defines stablecoins as "monetary value" under existing regulations. The bill awaits Governor Ron DeSantis' signature, who is expected to approve it within 30 days. The legislation also allows the Florida Department of Financial Services to accept stablecoins for payments.

Nevin Shetty, a former CFO, diverted $35 million from his employer to his DeFi platform, resulting in significant losses. Despite confessing, he was sentenced to two years in prison and ordered to pay back the stolen funds.

Paraguay, once a Bitcoin mining hotspot, faced illegal operations and electricity theft, prompting the government to consider launching its own mining operation using confiscated machines.

Kazakhstan's central bank plans to invest $350 million in cryptocurrencies and related instruments to diversify its reserves away from traditional assets. The investments will include shares of high-tech companies and index funds, aiming to capitalize on the dynamics of crypto assets.

A Polymarket account linked to George Cottrell lost over $550,000 on bets about a potential U.S. strike on Iran. The account also wagered on UK Prime Minister Keir Starmer leaving office by a certain date and profited from a bet on Trump winning the 2024 election.

Kucoin Exchange EU Gmbh, known as Kucoin, has been ordered by Dubai's regulatory body to stop its operations in the emirate due to lack of necessary licensing. The Virtual Assets Regulatory Authority (VARA) warned investors about the risks of engaging with unlicensed companies like KuCoin.

Bitcoin dropped below $69,000, losing over 5% in a day as the U.S. reported losing 92,000 jobs in February, pushing the unemployment rate to 4.4%, as per the Bureau of Labor Statistics.

Dubai's digital assets regulator has ordered KuCoin to cease and desist service clients in the region. VARA said that the exchage has been operating without regulatory approvals and licensing in Dubai.

Bitcoin ETFs experienced significant outflows on March 5, with a total of $227.9 million exiting the market. Despite short-term fluctuations, experts are debating whether institutions are quietly preparing for a potential price increase.