Sonic Labs has introduced USSD, a native network stablecoin built on Frax infrastructure. The stablecoin is backed by tokenized Treasury products from BlackRock, WisdomTree, and Superstate, combining decentralized finance with traditional fixed-income assets. This approach aims to provide users with a stablecoin that maintains its peg while incorporating exposure to U.S. Treasury instruments.
Archives: Fast News
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The Ethereum Foundation starts staking part of its treasury with Bitwise Asset Management
Ethereum Foundation has started staking a portion of its treasury using infrastructure from Bitwise Asset Management, with an initial stake of 2,016 ETH. They aim to stake around 70,000 ETH, approximately 140 million USD, leveraging the open-source tools Dirk and Vouch for added security.
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The USDC treasury launched 250 million new USDC tokens on Solana
The USDC Treasury issued 250 million new USDC tokens on the Solana blockchain, as reported by Whale Alert on March 9. The issuance is valued at around 250 million USD.
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Phat Dat (PDR) Wants to “Jump into” the 14ha Gold Land of the Polytechnic University after Relocation: HCMC Department of Culture and Sports Officially Responds
On March 9, the HCMC Department of Culture and Sports announced information regarding the relocation of the Polytechnic University at 268 Ly Thuong Kiet. Currently, there is no specific decision on the use of this land for commercial purposes. The city is researching the land usage plan, with nearly 40 ha already allocated for the new campus in the National University Urban Area to alleviate urban infrastructure pressure.
This relocation aims to reorganize urban space, reduce traffic congestion, and enhance the educational capacity. The government will decide on this adjustment in collaboration with relevant agencies. Phat Dat Real Estate Development Co. (PDR) has submitted a proposal to participate in this process, suggesting to research the use of the existing 14.2 ha of land after the university’s relocation, to develop additional educational infrastructure and relieve traffic pressure.
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US market opens lower as stocks decline, Bitcoin gains
US stock indices declined on the opening. The Dow Jones fell 1.7%, the S&P 500 dropped 1.46%, and the Nasdaq slipped 1.25%. Gold futures declined 1.44% to $5,084, while crude oil surged 13.5% to $103.62. Bitcoin gained 2.84%, trading around $69,209. The divergence highlights different market dynamics across asset classes as oil prices spike amid broader equity weakness.
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Zcash Open Development Lab (ZODL) secures over 25 million USD in seed funding
Zcash Open Development Lab (ZODL) announced it has raised over 25 million USD in seed funding from notable investors like Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures. This funding is aimed at the advancement of a self-custodial privacy wallet for Zcash.
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South Korea’s Bithumb Exchange faces six-month suspension and CEO disciplinary measures: report
The South Korean Financial Intelligence Unit has imposed a six-month partial suspension on Bithumb due to anti-money laundering violations. This action restricts transfers for new users only and follows an investigation into a mistake involving 620,000 BTC transfers.
The CEO of Bithumb faces disciplinary measures amid the ongoing investigation. The financial authorities have formed a review committee to decide on potential sanctions adjustments, indicating that the current measures are temporary.
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February 2026 VC monthly report highlights 62 crypto deals
A total of 62 crypto VC deals were disclosed in February 2026, reflecting a significant decline in activity within the sector. Total funding reached 866 million USD, demonstrating a 46% drop month-over-month and a staggering 71.2% drop year-over-year.
Among the disclosed deals, DeFi projects represented 29% of total transactions. Other sectors such as AI and CeFi were also noted, accounting for 11.3% and 9.7% of the total deals respectively. This data highlights the shifting focus of investments in the crypto market.
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Chiliz surges 10%: Is CHZ’s breakout indicating a stronger recovery?
Chiliz’s price surged to 0.038 USD amid increased trading activity, as its market cap hit 393.19 million USD. Despite strong bullish sentiment from traders, resistance around 0.045 USD poses a challenge for sustained upward movement.
The majority of Binance’s top traders hold long positions, indicating a bullish outlook. However, selling pressure remains evident, highlighting the need for caution as the market navigates potential resistance levels.