Cryptocurrency exchange Bybit plans to begin rewarding clients who hold or use Ethena’s USDtb, the stablecoin backed by BlackRock’s tokenized BUIDL fund, this week.The move comes as the stablecoin market grows increasingly competitive, with the United States potentially crafting regulatory certainty regarding the tokens.
On March 5th, according to Bloomberg, Bitcoin infrastructure provider Blockstream has received billions of dollars in investment and plans to launch three funds on April 1st. Among them, two funds will focus on cryptocurrency lending, including Bitcoin collateralized loans and US dollar collateralized cryptocurrency lending, while the third fund will adopt a hedge fund strategy.
Binance MOVE/USDT's perpetual trading volume surged 13 times within 10 minutes, with a turnover of $84.36 million in the past 24 hours, a decrease of 9.28%.
A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
