Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.

The guidelines for corporate firms’ participation in crypto will be finalised by April, South Korea’s FSC said Wednesday. Kim So-young, the Vice Chairperson of the FSC, chaired the meeting. He said that US President Donald Trump’s pro-crypto actions had sharpened dialogue on the institutionalisation of VDAs.

On Wednesday, March 12, WazirX announced BitGo as its official asset custodian. Through this partnership, WazirX will leverage BitGo’s institutional-grade infrastructure, multi-signature wallets, and insurance coverage of up to $250 million (approximately Rs. 2,180 crore) to restore community trust. 

The overall crypto market cap rose by 2.09 percent over the last day. On Wednesday, March 12, Bitcoin and Ether reflected notable losses on national and international price charts. Altcoins like Dogecoin, Shiba Inu, and Chainlink saw minor gains as markets remain volatile. Analysts have strongly advised investors to be cautious with investments.  

On Tuesday, March 11 the US-based crypto exchange said it has completed its registration with India’s Financial Intelligence Unit (FIU). In the coming months, the exchange plans to introduce new retail services alongside additional products and investment offerings in India.

Thailand’s Securities and Exchange Commission (SEC) has added USDT and USDC to its approved token list. The Bank of Thailand will also explore their use in financial settlements.

In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. According to the India Web3 Landscape Report (2024) by Hashed Emergent, 45.3 percent contribute code, 29.7 percent fix bugs, and 22.4 percent focus on documentation.

The acting chief of the US Securities and Exchange Commission (SEC) said on Monday he has directed staff to look at ways to abandon a plan that would have widened the definition of alternative trading systems to include some cryptocurrency firms.

At the White House Crypto Summit, President Trump asked SEC’s Crypto Task Force to put US’ crypto and stablecoins regulations “on his desk” by the end of August this year. This gives the task force approximately five months to complete the research and proposal work.

Binance is set to deploy a co-governance mechanism involving community members to decide on the listing and delisting of tokens. The exchange said community input has repeatedly come-in handy around token evaluations which prompted it to increase the involvement of its community members into the token listing process.