๐ Crypto Market Flash: 24-Hour News Roundup (March 19th - 20th )
๐จ Ripple-backed Evernorth files S-4 to go public via SPAC, aiming to become a Nasdaq-listed XRP treasury company.
๐ฅ A Bitcoin OG who bought 5,000 $BTC for just $1.66M twelve years ago has sold another 1,000 $BTC ($71.57M), bringing total profits to $442M, a 266x return.
๐บ๐ธ SEC Chair Paul Atkins clarifies that NFTs are generally treated as digital collectibles, not investment contracts and therefore fall outside securities laws.
๐จ๐ณ China has now bought gold for 16 consecutive months, bringing total reserves to a record 2,309 tonnes, worth ~$371 billion at current prices.
๐ฏ๐ต Bank of Japan keeps policy rate unchanged at 0.75%.
๐บ๐ธ Markets expect the Fed to hold rates through 2026, with the first cut now priced in for September 2027.
๐จ Morgan Stanley has filed an S-1 for a spot Bitcoin ETF under the ticker MSBT.
๐จ The S&P 500 reversed its decline and moved into gains as oil prices slipped under $93 per barrel.
๐บ๐ธ Polymarket traders now price a 33% chance of a U.S. recession by the end of 2026, down 11% from recent highs.
โก๏ธ Jeff Bezos is in early talks to raise $100 billion for an AI-powered manufacturing fund targeting chipmaking, defense, and aerospace companies, per WSJ.
๐ฅ Trump-backed World Liberty Financial launches AgentPay SDK, an open-source toolkit that lets AI agents hold, move, and transact with $USD1 across EVM chains.
๐บ๐ธ Senate Republicans are considering adding bank deregulatory provisions to the crypto market structure bill to help advance a stalled housing package, per Politico.
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