EOS announces name change to Vaulta Justin Sun pledges $100 million in ETH today

Headlines

▌EOS announces name change to Vaulta, shifts focus to Web3 banking

EOS Network announces its transformation to Web3 banking, and the brand will be changed to Vaulta. On the one hand, it will provide blockchain-based services customized for banks; on the other hand, it will provide a broader financial ecosystem, including exSat's Bitcoin banking solutions, blockchain insurance, tokenized real-world assets, etc. The transformation includes a token swap, which is tentatively scheduled for the end of May. In addition, Vaulta will also establish a banking advisory committee composed of experts in the financial and blockchain industries, dedicated to bridging the gap between traditional banking and Web3. Members include executives from Systemic Trust, Tetra and ATB Financial. Vaulta plans to retain the EOS network technology infrastructure, including smart contract architecture, decentralized databases and cross-chain connections. As part of the Web3 banking plan, the platform will integrate with exSat, a digital banking solution focused on Bitcoin. In addition, Vaulta also plans to cooperate with Ceffu, Spirit Blockchain and Blockchain Insurance, and is expected to announce strategic partnerships in the coming months.

▌Arkham: Sun Yuchen pledged $100 million in ETH today

According to Arkham monitoring data, Sun Yuchen (Justin Sun) pledged $100 million worth of Ethereum (ETH) today. Based on the current rate of return, this move is expected to bring him about $3 million in passive income per year.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $83,045.38, with a daily increase or decrease of -1.0%;

ETH's latest transaction price is $1,941.80, with a daily increase or decrease of +0.9%;

BNB's latest transaction price is $625.13, with a daily increase or decrease of -1.7%；

SOL's latest transaction price is 125.89 US dollars, and its intraday increase or decrease is -0.9%；

DOGE's latest transaction price is 0.168 US dollars, and its intraday increase or decrease is +2.0%；

XPR's latest transaction price is 2.3 US dollars, and its intraday increase or decrease is -1.1%.

Policy

▌HashKey Capital Obtains Type 1 License from the Hong Kong Securities and Futures Commission

HashKey Capital has officially obtained a Type 1 license issued by the Hong Kong Securities and Futures Commission (SFC), further expanding its business scope and capabilities under the supervision of the Hong Kong Securities and Futures Commission. Currently, HashKey Capital holds a Type 9 license, which allows it to provide asset management products to retail and institutional investors. The company was recently approved to provide full management services for investment accounts of virtual assets (VA) under the same license. In addition, since May last year, HashKey Capital has also held a Type 4 license, which allows the company to provide investment advisory services for securities and virtual assets. With the acquisition of the Type 1 license, HashKey Capital will be able to provide introducing brokerage services to retail and professional investors, and sell and distribute various funds and structured products (including virtual asset-related funds and structured products).

▌White House official: US stablecoin bill may be submitted to President Trump within two months

Bo Hines, executive director of the White House Presidential Digital Asset Task Force, said that the US stablecoin regulatory bill may be submitted to President Donald Trump within two months. In a speech at the Blockworks Digital Asset Summit, Hines said that the market does not fully understand how stablecoin legislation can benefit the US economy and the dominance of the US dollar. In addition, he believes that regulating stablecoins may change the historical course of financial markets. The Senate Banking Committee passed the stablecoin regulatory bill "GENIUS Act" on March 13 with 18 votes in favor and 6 votes against. The bill has bipartisan support and now paves the way for a full Senate vote. The bill proposes guidelines for the issuance and regulation of US stablecoins, such as these tokens must be backed by US dollars, insured bank deposits or short-term Treasury bills at a 1:1 ratio. Hines highlighted the bipartisan effort to approve the bill, saying there aren't many issues in Washington, D.C. that can unite the two parties and move the country forward as comprehensively as the crypto industry is currently doing.

Blockchain Applications

▌Coinbase Launches Verified Pools, Built on Uniswap v4

Coinbase announced the launch of Verified Pools as a way to conduct on-chain transactions and exchanges. Verified Pools is built on the Uniswap v4 protocol and is designed for retail and institutional participants in eligible locations, and integrates its KYC verification system Coinbase Verifications. Verified pools reduce counterparty risk by integrating identity verification with smart contract transparency while maintaining the openness and efficiency of on-chain markets. Its verification pools are currently open to users in the United States, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel Islands.

▌Raydium plans to launch LaunchLab, a Meme coin issuance platform

Solana Ecosystem Decentralized Exchange Raydium plans to launch a Meme coin issuance platform "LaunchLab" to compete with Pump.fun. Raydium's "LaunchLab" is essentially a fork of Pump.fun, but with some selective differences. It will adopt a similar logarithmic bonding curve, but also allow third-party user interfaces to set fees and directly access Raydium's liquidity pool. The project has reportedly been in development for several months.

▌Ethereum Foundation: New testnet Hoodi will activate Pectra network upgrade on March 26

The Ethereum Foundation stated in its official blog that during the activation of the Pectra testnet, problems with the configuration changes of the deposit contract on the Ethereum testnet were exposed on the client side. While the recovery process for the Sepolia network was relatively straightforward and has now fully recovered, the Holesky network experienced a large inactivity leak in the recovery mechanism. The Holesky network has since reached finality, but it will take about a year for the exiting validators to be fully removed from the validator set. While stakers can test deposits, merging, and all other Pectra features, the size of the exit queue makes Holesky unusable for testing the full validator lifecycle in a reasonable timeframe. To address this, a new testnet has been launched: Hoodi. It will activate the Pectra network upgrade at epoch 2048 (15:37:12 UTC, Wednesday, March 26, 2025). Going forward, stake operators and infrastructure providers should use Hoodi for validator testing. To allow time for migration, the Holesky testnet will be supported until September 2025. All other Pectra features except validator exits can be tested on Holesky. Summary of testnets and their uses: Holesky: Validator and staking provider (expected end date 30 September 2025). Client developers will also use Holesky to test gas limit increases and other protocol stress tests. Sepolia: Application and tool developers (expected end date 30 September 2026). Hoodi: Validator and staking provider (expected end date 30 September 2028). Planned Sepolia replacement: expected to launch in March 2026.

Cryptocurrency

▌Coinbase survey: More than 75% of institutional investors plan to increase their allocation to crypto assets in 2025

According to a survey jointly released by Coinbase and research firm EY-Parthenon, more than 75% of institutional investors plan to increase their allocation to digital assets in 2025, of which 59% of investors said they would invest more than 5% of their managed assets in crypto assets or related products. The survey was conducted in January 2025 and surveyed more than 350 institutional investors, when the price of Bitcoin was breaking through $100,000 and setting a record high. The survey showed that the main reason for institutional investors to increase their allocation to crypto assets was "improved regulatory transparency." In addition, 60% of investors prefer to obtain exposure to crypto assets through registered tools such as ETFs. The survey also found that 74% of investors surveyed hold one or more altcoins other than Bitcoin and Ethereum. However, since the survey was completed, the crypto market has become more volatile, and the price of Bitcoin has recently fallen below $80,000.

▌Cathie Wood: Most Meme Coins Will Eventually Become "Worthless", Buyers Need to Be Cautious

Cathie Wood, founder and CEO of ARK Investment Management LLC, said in an interview that most of the so-called Meme coins in the cryptocurrency field may eventually be "worthless." She pointed out that the combination of blockchain technology and artificial intelligence is spawning "millions" of Meme coins, "the value of these coins will not be too high," and added that her private fund has not invested in these tokens. "If I had one thing to say to people who buy meme coins, it would be: Buyer beware," Wood said. "Nothing teaches people a lesson better than losing money and understanding that the SEC and other regulators are not responsible for these meme coins." She also said that meme coins will become "digital collectibles," adding that some of them may "stand the test of time," and Trump-related meme coins may be one of them. Wood reiterated her optimism about larger, more mature crypto assets. She said that the use cases for Bitcoin, Ethereum, and Solana are "rapidly increasing" and will play an important role in the future.

▌Bitwise CIO: Still optimistic about DeFi-related tokens, Aptos and Sui are expected to become ETF competitors

Bitwise Chief Investment Officer Matt Hougan said in a recent interview that although the cryptocurrency market is currently in a downturn and many people who support decentralized finance (DeFi) are moving away from altcoins, Bitwise is still optimistic about DeFi-related tokens. Hougan believes that the DeFi field is currently "seriously undervalued" and points out that Layer-1 blockchain projects like Sui and Aptos "fully meet" the criteria for attracting institutional investors. He mentioned that these projects are led by former Meta stablecoin team members and have "serious teams, serious technology and technological innovation", which are important considerations for Bitwise when choosing fund holdings. In addition, Hougan also mentioned that Bitwise has submitted an application to launch the Aptos ETF this month, but he did not disclose whether there are plans to apply for a similar fund for SUI. Nonetheless, he believes that the launch of SUI and APT's ETFs in the United States could attract new investment into these altcoins.

▌Exactly Protocol DAO has transferred 1 million EXA tokens to Uphold

Exactly Protocol posted on social media that Exactly Protocol DAO has completed the transfer of 1 million EXA tokens to Uphold as part of EXAIP-21: 500,000 EXA has been transferred to Uphold's market making wallet. 500,000 EXA will be distributed to Uphold in a linear stream over 3 years.

▌Stablecoin on-chain transaction volume reached $850 billion in February, with USDC and USDT accounting for more than 87%

Stablecoin on-chain transaction volume has maintained strong momentum, with an average monthly transaction volume of about $800 billion in the past four months. The number of addresses transferring stablecoins has also been steadily rising, with the number of addresses per day reaching 600,000 in the most recent week. USDC and USDT remain the dominant players in this field, accounting for $740 billion of the total $850 billion in transaction volume in February. Ethereum remains the preferred blockchain for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. Despite the emergence of alternative blockchains, this dominance highlights Ethereum's role as the main settlement layer for digital dollar transactions.

Important Economic Dynamics

▌Saxo Bank: ECB will still cut interest rates this year

The ECB will still cut interest rates this year, but planned fiscal stimulus in Europe may eventually lead to inflation, which will affect the outlook for interest rates, said Jacob Falkenkron of Saxo Bank. The planned fiscal stimulus is expected to lead to increased demand within Europe, which will add some inflationary pressure. He said the ECB may cut interest rates up to twice this year. Money markets are currently pricing in two ECB rate cuts this year.

▌U.S. stocks opened lower and fell, with all three major indexes falling more than 1%

U.S. stocks opened lower and fell, with all three major indexes falling more than 1%. So far, the Nasdaq has fallen 1.84%, the S&P 500 has fallen 1.28%, and the Dow has fallen 1%.

▌The probability that the Federal Reserve will keep interest rates unchanged tomorrow morning is 100%

According to CME's "Federal Reserve Watch": The probability that the Federal Reserve will keep interest rates unchanged in March is 100%. The probability of maintaining the current interest rate unchanged by May is 82.4%, and the probability of a cumulative interest rate cut of 25 basis points is 17.6%.

▌International gold closed at a new high

Spot gold rose 1.13% to $3034.42 per ounce, setting a new record high after a trading day. COMEX gold futures rose 1.15% to $3040.7 per ounce, setting a new high. COMEX silver futures rose 0.97% to $34.64 per ounce.

Golden Encyclopedia

▌What is a cold wallet?

A cold wallet is a method of cryptocurrency storage that is kept offline and disconnected from the internet. This setup makes it more difficult for hackers to access funds remotely. Examples include: hardware wallets (e.g. Ledger, Trezor), paper wallets, isolated computers (devices that are never connected to the internet).

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.