Market data shows that BTC has fallen below $69,500, currently trading at $69,492.81. It has experienced a 2.2% decline in the past 24 hours. The market is experiencing significant volatility, so please implement risk control measures.
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BTC Drops Below $69,500
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CLARITY Act Draft: Ban on Stablecoin Yields for Holding Only
On March 24, according to CoinDesk, cryptocurrency industry practitioners on Monday saw the latest provisions regarding stablecoin yields in the revised version of the Senate's "Digital Asset Market Clarity Act" for the first time during a closed-door review meeting on Capitol Hill in Washington. The initial impression was that the relevant language was too narrow and lacked clarity. This new provision was released last Friday by Senators Angela Alsobrooks and Thom Tillis. According to a person familiar with the current draft, the new provision will prohibit earning yields solely from holding stablecoins, while restricting any practices that equate such programs with bank deposits, and imposing further limitations on other potentially permissible activities. The specific mechanism for determining activity-based stablecoin rewards remains unclear. This compromise stems from the lobbying battle between the crypto and banking industries. The banking industry insists that stablecoin rewards should not resemble interest-bearing bank deposits, arguing that such competing products could harm the banking sector and stifle lending. The final compromise allows for reward programs based on user stablecoin activities but prohibits balance-based rewards. This closed-door review aims to push the Senate Banking Committee to schedule a hearing, a significant step for the bill towards a full Senate vote. Similar versions of the "Clarity Act" have passed the House of Representatives in previous years, and another version has also passed the Senate Agriculture Committee's markup process. The bill's progress still faces other obstacles: all parties still need to reach an agreement on the DeFi regulatory framework, and Democrats are simultaneously insisting on including provisions that prohibit senior government officials from seeking personal gain from the cryptocurrency industry, a clause clearly targeting President Trump. (Dongxin News Agency) -
Iran's IRGC: All Vessels Must Coordinate Passage Through Strait
According to Al Jazeera: The Iranian Revolutionary Guard Corps (IRGC) Navy stated that the container ship 'Celine' was forced to leave the area because it did not possess a permit to pass through the Strait of Hormuz. The IRGC Navy further stated that any vessel transiting the Strait of Hormuz must coordinate fully with Iranian maritime authorities. (Jins10) -
Circle Shares Plunge Over 16%, Hitting Largest Single-Day Drop Since June 2025
Circle (CRCL) shares fell by more than 16% intraday, marking the largest single-day decline since June 2025. The stock is currently trading at $106.1. -
BTC Drops Below $70,000
Market data shows that BTC has fallen below $70,000, currently trading at $69,995.57. The cryptocurrency has seen a 1.86% decrease in the last 24 hours, indicating significant price volatility. Investors are advised to manage their risk accordingly. -
Iran Denies Peace Talks Rumors; US Stocks Open Lower
March 24th news: US stocks opened lower, with the Dow Jones Industrial Average down 0.24%, the S&P 500 index down 0.62%, and the Nasdaq Composite down 0.63%. Li Auto (LI.O) rose 2.8% after announcing a $1 billion share buyback plan. Amazon (AMZN.O) fell 1% following a "service disruption" at its Amazon Web Services (AWS) region in Bahrain. (Jinshi) -
Tether Hires Big Four Firm for First Full Audit
On March 24, Tether announced it has engaged one of the Big Four accounting firms to complete its first full audit. -
BlackRock Transfers 7,552 ETH to Coinbase Prime Address
According to data monitored by Arkham, approximately one hour ago, BlackRock transferred a total of about 7,552 ETH to a Coinbase Prime address through its Ethereum exchange-traded fund, ETHA. The value of this transfer is approximately $16.31 million. Further transfer operations may follow. -
BTC Drops Below $71,000
Market data shows that BTC has fallen below $71,000, currently trading at $70,989.77. The cryptocurrency has seen a 0.11% decrease in the past 24 hours. The market is experiencing significant volatility, and investors are advised to implement risk control measures. -
Iran Appoints New Supreme National Security Council Secretary
Tehran, March 24 (CCTV News) - It was learned on March 24 local time that Mohammad Bagher Zolghadr has been appointed as the Secretary of Iran's Supreme National Security Council.
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