Crypto Project Update & Market Analysis News - 2025-03-14

Today's Cryptocurrency Highlights

Welcome to your daily crypto news digest. Here's what's making waves in the blockchain world today.

Project Update

Bitso Lists Toncoin, Expanding Latin American Crypto Offerings

Bitso Adds Toncoin to Its Crypto Exchange Platform

Bitso, one of the largest cryptocurrency exchanges in Latin America, has announced the addition of Toncoin (TON) to its platform. This move marks a significant step in expanding its crypto offerings and providing users with access to more diverse digital assets.

Toncoin is the native cryptocurrency of The Open Network (TON), a blockchain originally developed by the team behind Telegram. It is known for its scalability, speed, and low transaction costs, making it an attractive option for users and developers alike.

With this new listing, Bitso aims to cater to the growing demand for varied blockchain ecosystems in the Latin American market. The exchange continues its mission to make cryptocurrencies accessible to people across the region by offering a broad range of tokens.

This development reflects Bitso's commitment to staying competitive in the rapidly evolving crypto industry and embracing projects with strong community support and technological potential.

Market Analysis

Gold Reaches All-Time High Amid Market Declines

Gold Rallies to Record High Amid Broader Market Declines

Gold has achieved a new all-time high price of $2,993.9, marking an increase of over 14% since the start of 2025. This milestone comes amid widespread market declines, highlighting gold's reputation as a safe-haven asset during times of economic uncertainty.

The recent surge in gold prices is seen as a reaction to macroeconomic factors, including heightened geopolitical tensions and concerns over global financial stability. Investors appear to be turning to gold as a store of value amidst the ongoing market volatility.

This development underscores the growing divergence between traditional assets like gold and riskier investment classes, such as equities and cryptocurrencies, which have experienced notable pullbacks in recent weeks.

As gold continues its upward trajectory, market analysts will be closely monitoring whether this trend signals a broader shift in investor sentiment toward safe-haven assets.

Stay tuned for more updates on market movements and their implications for the crypto and traditional financial sectors.

Regulation

Russian Companies Utilize Bitcoin, Ethereum, and USDT for Oil Trade Amid Sanctions

Russian Companies Turn to Crypto for Oil Trade with China and India

In a move to circumvent Western sanctions, Russian companies are reportedly leveraging cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) for oil trade transactions with China and India. This strategic pivot highlights the growing role of cryptocurrencies in international trade, especially in regions seeking alternatives to traditional financial systems constrained by geopolitical factors.

Cryptocurrencies provide a decentralized and borderless financial system, allowing entities to bypass restrictions imposed by Western governments. By using digital assets, Russian companies can facilitate faster and less regulated cross-border transactions, creating a workaround for economic sanctions.

This development underscores a broader trend of increased adoption of cryptocurrencies in emerging markets and sanctioned economies. As geopolitical tensions continue, the use of blockchain-based assets for trade could expand further.

U.S. Treasury Consults Crypto Custody Firms on Strategic Bitcoin Reserve Management

U.S. Treasury Meets with Crypto Custody Firms to Discuss Bitcoin Reserve Security

The U.S. Treasury recently held discussions with leading cryptocurrency custody firms, including Anchorage Digital, to address the security and management of the Strategic Bitcoin Reserve. The meetings focused on exploring effective methods to safeguard this critical asset.

Proposed Solutions for Bitcoin Custody

During the discussions, industry leaders proposed the use of third-party custody solutions as an interim measure to ensure the safety of the Bitcoin Reserve. They also emphasized the importance of transitioning to self-custody as a long-term strategy to enhance security and control.

These conversations underscore the growing recognition of Bitcoin's strategic value and the need for robust custodial solutions to protect national crypto assets.

U.S. Court Approves Three Arrows Capital's $1.53 Billion Claim Against FTX

U.S. Court Approves 3AC's $1.53 Billion Claim Against FTX

A U.S. court has officially approved Three Arrows Capital's (3AC) request to increase its claim in the ongoing FTX bankruptcy case to $1.53 billion.

Background of the Claim

According to court filings, 3AC held $1.53 billion in assets on the FTX platform as of June 12, 2022. However, over the following two days, these assets were liquidated to offset a $1.3 billion debt owed to FTX.

Initial Filing and Subsequent Expansion

Initially, 3AC filed a claim for $120 million in FTX's bankruptcy proceedings in June 2023. However, they later expanded the claim to reflect the total amount of assets they had held with FTX before the liquidation.

This court approval marks a significant development in the complex web of claims surrounding the FTX bankruptcy, as multiple creditors continue to seek recoveries from the collapsed exchange.

Implications for the Crypto Industry

The case highlights the interconnected nature of major players in the crypto industry and the financial vulnerabilities stemming from such relationships. It also underscores the importance of legal clarity in bankruptcy proceedings involving crypto firms.

Follow our Steem account @ireh for daily crypto updates and insights.