Australian pension fund Hostplus is considering offering its members a cryptocurrency investment option

New York-based digital asset manager ParaFi Capital has closed a $125 million venture fund this month, per Bloomberg. Founder Ben Forman said the fund will focus on stablecoins, asset tokenization, and institutional-grade on-chain finance. The firm has already invested in crypto leaders including Anchorage, Bitwise, and Polymarket. The fundraising comes amid a crypto market downturn: Bitcoin has dropped more than 40% from its October 2023 all-time high. Meanwhile, several top crypto funds—including Paradigm—have expanded their investment mandates to cover AI robotics. “This fundraising shows sophisticated investors can tell the difference between short-term price swings and the long-term adoption trend of blockchain-based financial infrastructure,” Forman told Bloomberg. Separately, since early 2025, ParaFi has raised an additional $325 million for its ongoing digital asset strategy. The firm currently manages roughly $2 billion in assets. Founded in 2018, ParaFi’s backe

March 24 Today, the Ethereum Foundation released a **comprehensive breakdown** on how the roles of L1 and L2 have evolved. The core takeaway: as the ecosystem matures, L2’s primary goal has shifted—from “scaling Ethereum” to “delivering differentiated functionality, tailored services, and self-sovereign domains”—with scalability now taking a backseat. The Foundation redefined L1/L2 roles as follows: - **L1**: A permissionless, highly resilient global settlement layer. It handles shared state, liquidity, and acts as a DeFi hub. It must keep scaling while upholding censorship resistance, openness, privacy, and security. - **L2**: While building its own on-chain economy, it extends Ethereum’s core attributes to a wider user base to create a “full-spectrum” ecosystem. The Foundation emphasized that L2s with the **strongest L1 integration** should prioritize synchronous composability, full interoperability, shared liquidity, and mechanisms like Stage 2. Many L2 solutions—with di

On March 24, trade.xyz announced via its official social media that all key metrics have hit record highs, including: - Total trading volume: $110 billion - Open interest: $1.6 billion, with a 24-hour peak trading volume of $5.6 billion - 24-hour peak daily active traders: 453,000 - Weekend peak trading volume: $1.09 billion - XYZ’s share of Hypercore’s 24-hour peak total trading volume: 44.4% This rewrite uses concise, scannable bullet points (standard for U.S. news briefs), active framing ("announced via"), and clear numerical formatting—aligning with American English style for financial/trade updates.

March 24: On-chain analyst Ai Auntie (@ai_9684xtpa) reports a new wallet address (0x703…E7B5a) withdrew 2,973 ETH (≈$6.39 million) from Binance 4 hours ago. The address then sent small test ETH transfers to two other addresses, with no additional activity as of press time.

March 24th, per The Data Nerd monitoring, a crypto whale withdrew nearly $16 million worth of altcoins from Binance 7 hours ago, dispersing the funds to two wallets. The withdrawn assets include: - 43.49 million ENA (~$4 million) - 3.28k AAVE (~$3.6 million) - 24.9k AVAX (~$2.4 million) - 8 million ONDO (~$2 million) - 5.96k UNI (~$2.1 million) - 1.49 million PENDLE (~$1.8 million)

On March 24, per market data, SIREN plummeted 56.8% over 24 hours. Its market capitalization fell to $780 million, while 24-hour trading volume reached $55.79 million.