Overview
- Strategy bought 17,994 BTC for $1.28 billion between March 2 and March 8 at an average price of $70,946, funding $377.1 million of the purchase with new STRC preferred shares and bringing its holdings to 738,731 BTC with a $75,862 average cost basis.
- In a report to Congress, the U.S. Treasury said crypto mixers can have legitimate privacy uses while emphasizing their frequent role in illicit finance, and noted custodial mixers can operate lawfully if registered with FinCEN and compliant with reporting rules.
- The Florida Senate passed a stablecoin payments framework that sets reserve and disclosure standards and permits use for settlement in the state, with a representative saying Governor Ron DeSantis is expected to sign it into law.
- Nasdaq is partnering with Payward, Kraken’s parent company, to build tokenized equities on Kraken’s xStocks framework with a launch targeted for the first half of 2027 and a design that aims for full legal equivalence and modernized shareholder functions.
- U.S. authorities arrested John Daghita and charged him with stealing $46 million in crypto from U.S. Marshals–controlled wallets, a case first flagged by on-chain analyst ZachXBT that prosecutors say involved attempts to launder funds across multiple wallets.