Metaplanet Purchases 150 BTC, Now Holds 3350 BTC
Metaplanet, a prominent player in the cryptocurrency space, announced the purchase of 150 BTC valued at approximately $12.9 million. This acquisition brings its total Bitcoin holdings to 3,350 BTC, valued at around $288.13 million. Metaplanet aims to increase its holdings to 10,000 BTC by the end of the year and has set a long-term goal of reaching 21,000 BTC by 2026. If successful, this would represent ownership of 1% of all Bitcoin that will ever exist.
DWF Labs Launches $250mn Fund For Mainstream Crypto Adoption
Dubai-based crypto market maker and investor DWF Labs launched a $250 million Liquid Fund to accelerate the growth of mid- and large-cap blockchain projects and drive real-world adoption of Web3 technologies. DWF Labs is set to sign two investment deals worth $25 million and $10 million as part of the fund. The initiative aims to grow the crypto landscape by offering strategic investments ranging from $10 million to $50 million for projects that have the potential to drive real-world adoption.
Fidelity Files For Ethereum-Based US Treasury Fund ‘Onchain’
Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space. Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills. While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said.
Fidelity Launches Solana Fund, Expanding Crypto Offerings
Fidelity has officially registered the “Fidelity Solana Fund” in Delaware, marking another step in its expanding crypto investment strategy. This fund offers institutional investors direct exposure to Solana (SOL), a blockchain known for its speed and scalability. Following its Bitcoin and Ethereum products, Fidelity’s move signals growing confidence in alternative crypto assets. As major financial firms continue embracing blockchain technology, Solana’s inclusion in Fidelity’s portfolio further strengthens institutional adoption of digital assets.
Bitcoin ETFs Log First Net Inflows In Weeks, While Ether Outflows Continue
Spot Bitcoin ETFs in the US saw a significant rebound, ending a five-week net outflow streak with $744.4 million in inflows for the week ending March 21, the highest in eight weeks. The inflows were led by BlackRock’s iShares Bitcoin Trust (IBIT) with $537.5 million and Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $136.5 million. This comes after a bearish period for both the crypto market and the global economy. Bitcoin’s price rebounded to $87,343 following the inflows. In contrast, Ethereum ETFs continued to experience outflows, extending their streak to four weeks with a net outflow of $102.89 million.
Jupiter Launches $9.32 mn Buyback of JUP Tokens
On March 23, 2025, Jupiter, a decentralized exchange aggregator on the Solana blockchain, completed a $9.32 million buyback of 16.86 million JUP tokens using 50% of its protocol fee revenue. This initiative, aiming to increase token scarcity, follows a similar buyback in January 2025 that resulted in a 60% surge in JUP’s value. The buyback aims to further boost token value and market sentiment, with community members responding positively. Jupiter’s founder, Meow, emphasized the program’s transparency and promised a dashboard for tracking buyback transactions. The buyback could potentially trigger further value increases and strengthen the token’s position in the market.
BNB Chain Completes Pascal Hard Fork for Faster Blocks
BNB Chain has introduced EIP-7702, a new feature aimed at enhancing smart contract wallets with improved gas fee abstraction, smart payment interfaces, and batch transactions. These updates, part of the Pascal upgrade, aim to improve Ethereum Virtual Machine (EVM) compatibility and streamline decentralized app (dApp) interactions. BNB Chain is also planning future upgrades: the Lorentz upgrade in April will reduce block time to 1.5 seconds, and the Maxwell upgrade in June will further shorten it to 0.75 seconds, improving transaction speed and dApp performance. Additionally, BNB Chain has surpassed Ethereum in 7-day decentralized exchange (DEX) volume, with $14.336 billion compared to Ethereum’s $9.641 billion, capturing 19.70% of the total DEX volume share.
Ethereum’s L1 Revenue From Transfers Falls to $100K in The Past 24 Hours
Ethereum’s Layer 1 (L1) revenue has significantly dropped, with only about $100K in fees generated from direct transactions in the past 24 hours. This is due to a decrease in both base fees and payments from Layer 2 (L2) solutions, as gas prices have fallen under 1 gWei, making regular transactions as low as $0.02 and DEX swaps around $0.28. The lowered fees are a sign that Ethereum has achieved its goal of reducing gas costs, but it has also led to lower network activity and fee generation. Ethereum’s ecosystem has seen a decline in activity since February, with fewer transactions and lower token turnover. The decrease in fees and usage has resulted in an increased inflation rate, as lower fees reduce the burn rate of ETH. Currently, ETH inflation stands at 0.72% annually, adding nearly 1 million ETH over the course of the year.
Berachain to Roll Out ‘Proof-Of-Liquidity’ System Today, Kicking Off Governance Phase
Berachain, an EVM-based Layer 1 blockchain, is launching its Proof-of-Liquidity (PoL) system, marking the beginning of phase 1 of its on-chain governance. The PoL system aims to decentralize the supply of its governance token, BGT, by incentivizing users to provide liquidity within DeFi liquidity pools. This approach will allow assets to remain usable while earning BGT, which is non-transferable and used for governance and rewards.
Pi Network Builds DEX to Fight Price Manipulation
The Pi Network community is launching PiDaoSwap, a decentralized exchange (DEX) designed to combat price manipulation by external exchanges and ensure Pi Coin reflects its true market value. The DEX will allow Pi Coin to trade based on actual market supply and demand, without interference from centralized exchanges. PiDaoSwap is in its final development stages, awaiting Know Your Business (KYB) approval from the Pi core team. The project aims to create a transparent, community-driven financial system. However, the Pi Network’s intellectual property policy may require PiDaoSwap to rebrand, as it restricts the use of “Pi” in names and domains. If successful, PiDaoSwap could restore trust and integrity to Pi Coin’s value within its ecosystem.
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