The Federal Reserve's latest Beige Book indicates that overall U.S. economic activity grew at a slight to moderate pace in seven of the twelve Federal Reserve districts, while some regions experienced softness amid economic uncertainty, increased price sensitivity, and weaker spending by lower-income households. Employment was broadly unchanged across districts, with certain sectors introducing AI and automation tools to enhance operational efficiency. The report also found that prices rose at a moderate rate overall, and many districts cited increases in nonlabor input costs.

Daily Relative Strength Index (RSI) data show SOL and ADA in oversold territory with readings of 27 and 29, both below the 30 threshold. BTC, BNB and XRP remain in neutral range with RSI readings of 41, 44 and 46 respectively, while no assets currently show overbought conditions.

Clear Street analyst Owen Lau said in a Wednesday note that the roughly 44% crypto market drawdown between Oct. 10 and Feb. 28 may mark the end of the latest downturn, citing accelerating policy, infrastructure and institutional developments. Bitcoin rose 8% in the past 24 hours to just above $73,000, with Lau noting U.S. President Donald Trump's Tuesday intervention increased the likelihood of Congressional passage of the CLARITY Act by summer's end. He pointed to Kraken's banking subsidiary obtaining a Federal Reserve master account as a structural step toward integrating crypto-native institutions into the U.S. financial system, and highlighted Morgan Stanley amending a filing for a proposed spot bitcoin ETF to add Coinbase Custody as co-custodian alongside Bank of New York Mellon. Lau said heightened Middle East geopolitical tensions have underscored blockchain networks as alternative payment rails during financial disruption, and these factors together may indicate an industry inflection point.

USDC Treasury transferred 100,405,453 USDC, valued at $100,381,355, to an unknown wallet, on-chain data show. The transaction moved funds directly from the USDC Treasury address to an unidentified recipient.

Coinbase Institutional transferred 100,405,453 USDC, worth approximately $100.37 million, to an unidentified wallet address. The transaction moved the stablecoin from Coinbase's institutional custody service to an unknown destination.

The crypto market recorded $516M in liquidations today, with short positions accounting for $412M of the total. The figures show a dominant share of liquidations came from traders positioned against price increases across digital assets.

Scotia Bank, which manages $1.5 trillion in assets, launched an actively managed crypto-focused ETF in Canada. The new fund is designed as an active crypto picking vehicle, according to the bank.

The RWA sector recorded an 87% year-on-year increase, Cointelegraph Accelerator reports. Hong Kong has cleared what is described as the world's first tokenized concert revenue agreement, extending RWA use cases beyond traditional instruments such as real estate and bonds. Music royalties, ticket income and broader entertainment cash flows are now positioned to be brought on-chain as part of the expanding tokenization landscape.

An unknown wallet transferred 2,127 BTC valued at $155,778,044 to Galaxy Digital, transaction data show. The large Bitcoin movement highlights continued activity between non-custodial addresses and the institutional trading firm.