This week, the crypto market saw significant fluctuations, with bitcoin dropping below $80,000 and Ethereum falling to $1,821 on March 10. Despite the market downturn, the digital asset sector achieved notable milestones. BlackRock’s BUIDL fund surpassed $1 billion, while tokenized treasuries reached $4.2 billion. In other news, World Liberty Financial completed a $590 million token sale for accredited investors. On the regulatory front, the U.S. House voted to overturn the IRS’s broker rule, marking a significant victory for DeFi operators. Additionally, a Senate committee advanced the GENIUS stablecoin bill to the floor, signaling probable future approval. In the crypto trading space, Hyperliquid suffered a $4 million loss due to an over-leveraged trade in ETH. These statistics highlight the dynamic nature of the crypto market and its regulatory landscape.
Source: www.coindesk.com

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