US Pre-market Crypto Stocks Surging, BitMine Up by 3.37%

March 25 — Seasoned investor Simon Dixon has publicly criticized Michael Saylor’s Bitcoin accumulation strategy, arguing it could exacerbate Bitcoin’s centralization risks. The strategy currently holds roughly 762,000 BTC, representing over 3% of Bitcoin’s total supply. The company also recently announced a $42 billion ATM financing plan to continue accumulating the cryptocurrency. Dixon noted this approach could tightly tie Bitcoin to the traditional financial system, making it more vulnerable to short-term trading and price manipulation — a departure from the digital asset’s decentralized origins. He recommended a return to self-custody and long-term holding, rather than pursuing centralized allocation via public companies.

On March 25, Ripple announced its participation in Project BLOOM—led by the Monetary Authority of Singapore (MAS)—to explore a programmable cross-border trade settlement solution built on its stablecoin RLUSD and the XRP Ledger. Ripple will partner with supply chain fintech firm Unloq to pilot its SC+ platform, which uses smart contracts to automatically release payments once preset trade conditions (e.g., shipment verification) are met. This integration automates trade finance, settlement terms, and fund flows into a unified system. The solution leverages RLUSD as the settlement asset, with goals to boost transaction transparency and expand financing access for small and medium-sized enterprises (SMEs). Led by MAS, Project BLOOM focuses on exploring interoperability between tokenized bank liabilities and stablecoins, plus "programmable compliance" and automated payment mechanisms. Participating institutions include JPMorgan, Standard Chartered, DBS Bank, Stripe, Coinbase, Cir

March 25: Kraken became the first exchange to integrate STS Digital’s next-generation structured products platform, backed by CMT Digital. The platform lets users build investment products with preset return structures tied to crypto options. Structured products blend options with fixed-income instruments to deliver diversified strategies—including principal-protected notes and yield-enhancement notes. For instance, investors can generate returns by selling options or secure partial capital protection. STS Digital noted its modular platform enables user-customized underlying assets, maturity dates, strike prices, and return structures. It currently covers more than 400 crypto assets, with plans to add tokenized stocks, forex, and commodities by year-end. Kraken has integrated the platform via API and will initially offer standardized product bundles to retail users. Limited testing is already live in select regions.

March 25: Aave Labs Unveils Reinvestment Module Plan for V4 Upgrade Data shows roughly $60 billion of the ~$200 billion in stablecoin deposits on Aave has been long-term idle. The module will automatically reallocate excess reserves to governance-approved low-risk strategies—including short-term government bonds, money markets, or delta-neutral trading—while ensuring funds remain withdrawable at any time with no lock-up period.

March 25 — Per DefiLlama data, major perpetual DEX platforms saw a slight dip in trading volume from the previous day, while open interest in perpetual contracts rose. Notably, Hyperliquid’s open interest has returned to $7 billion, and Aster’s trading volume is once again the second-highest. The latest 24-hour trading volume and open interest rankings for each platform are as follows: - Hyperliquid: ~$7.81B in trading volume, ~$7.07B in open interest; - Aster: ~$2.58B in trading volume, ~$1.90B in open interest; - EdgeX: ~$2.56B in trading volume, ~$1.18B in open interest; - Lighter: ~$2.04B in trading volume, ~$713M in open interest; - Grvt: ~$1.61B in trading volume, ~$471M in open interest; - Apex: ~$1.22B in trading volume, ~$118M in open interest; - Pacifica: ~$454M in trading volume, ~$76.73M in open interest. [Note: Affiliate links are retained as provided.]

On March 25, BitcoinTreasuries.NET reported that GameStop—the video game retailer—pledged 4,709 of its 4,710 held bitcoins as collateral, depositing the assets with Coinbase to execute a covered call option strategy.