Bitcoin has historically formed market bottoms when its price trades between the 1.0 and 0.8 MVRV Pricing Bands, Glassnode data show. Analyst Ali Martinez noted in a post on X that over the past decade, these bands—mapping Bitcoin's price to specific Market Value to Realized Value (MVRV) Ratio levels—have consistently marked a key bottoming zone, with the current 1.0 and 0.8 bands near $54,000 and $43,000, respectively. The chart shows BTC recently stayed below the 2.4 and 3.2 MVRV bands, around $130,000 and $174,000 where profit realization risk is considered elevated, while still holding above the 1.0 band. Martinez added that Bitcoin has not breached the 3.2 MVRV band in this cycle, and it is unclear whether the price will fall to retest the historical 1.0–0.8 band range or establish a higher low, with BTC trading around $73,000 and up more than 6% over the past week at the time of writing.

The U.S. Securities and Exchange Commission has sent interpretive guidance on how federal securities laws apply to certain crypto assets and related transactions to the White House's Office of Information and Regulatory Affairs for interagency review, journalist Eleanor Terrett reports. The document, issued by the commission rather than staff, seeks to clarify how current law applies to crypto transactions and token classifications without creating new rules, and will proceed separately from the SEC's ongoing rulemaking on crypto asset offerings. After OIRA review, the SEC's three commissioners are expected to vote on the interpretation, which an agency spokesperson said aims to clarify obligations for investors and innovators and align with broader market structure legislation under discussion. Separately, the Commodity Futures Trading Commission submitted a plan on prediction markets to the White House and plans an advance notice of proposed rulemaking to define which products qualify for self-certification, while a coalition group called "Gambling is not investing" argues some prediction market platforms enable illegal sports betting and must comply with state and tribal gaming regulations.

Venture firm a16z crypto is raising its fifth crypto-focused investment fund with a target size of about $2 billion, Fortune reports citing sources. The fundraising is expected to be completed by the first half of 2026. Bitcoin has declined sharply from its recent peak, weighing on overall market sentiment, the report said.

Two wallets linked to Cumberland withdrew 46,620 ETH valued at $98.8M from Binance, Coinbase, and Copper over the past 16 hours, the original report shows. The withdrawals suggest notable institutional-sized flows across these platforms during this period.

Kraken's Wyoming-chartered banking unit has secured a Federal Reserve master account approved by the Federal Reserve Bank of Kansas City, becoming the first crypto firm with direct access to the Fed's core payment systems, BeInCrypto reports. The approval follows Kraken's receipt of a Special Purpose Depository Institution charter from Wyoming in September 2020 and its master account application in October 2020. Ripple applied for a national trust bank charter and Fed master account in July 2025 and received conditional charter approval from the Office of the Comptroller of the Currency in December, according to BeInCrypto. Analysts including Paul Barron and X Finance Bull have stated that if Ripple gains Fed master account access, it could integrate Ripple's RLUSD stablecoin and strengthen XRP's role as a bridge asset in cross-border payments, though the Federal Reserve's rails and XRP Ledger would remain separate systems with any XRP benefits being indirect.

Ethereum co-founder Vitalik Buterin published a "sanctuary technologies" manifesto on March 3, outlining plans for resilient "digital islands of stability" to counter government control, corporate influence, and surveillance, according to his post on X. He argued Ethereum has done little to advance freedom and privacy so far, proposing the network serve as a shared, ownerless digital space enabling individuals and institutions to operate with greater independence. Buterin suggested such infrastructure could prove increasingly valuable for traders and shape Ethereum's long-term direction, rather than imitating large tech firms.

Kraken Financial received approval from the Federal Reserve Bank of Kansas City for a Limited Purpose Master Account on March 4, 2026, granting the Wyoming-chartered SPDI direct access to the Fedwire payment system. The "Skinny Account" structure allows Kraken to clear and settle USD payments without correspondent banks but excludes overnight reserve interest, Discount Window access, and daylight overdrafts, with the Kansas City Fed keeping specific risk constraints confidential. Kraken, which operates on a 100 percent reserve basis and cannot make loans, spent over five years on the application initially filed in October 2020, while the Federal Reserve classified it as a Tier 3 applicant, the strictest review category for uninsured entities without federal supervision. The decision drew criticism from the Bank Policy Institute, ICBA, and American Bankers Association, which argued approval came before the Federal Reserve Board finalized broader policy for such "Payment Account" arrangements and cited AML and BSA concerns, though Wyoming Governor Mark Gordon welcomed the move as support for the state's banking and digital asset laws.

Stablecoin transactions on Solana reached $650 billion in February, more than double the network's previous monthly record and the highest among all blockchains during the period, Grayscale head of research Zach Pandl said. The surge marks a shift from memecoin-driven trading toward payments and SOL-stablecoin usage on the L1 network. Solana now holds the fourth-largest share of overall stablecoin supply and ranks second in USDC circulation, TheBlockCo data show.

Cathie Wood's investment firm purchased additional shares of Coinbase and Robinhood following a recent price decline in both stocks. The purchases came before the trading platforms opened higher on Wednesday.