In partnership with
It’s Friday!
Bitcoin slipped below $69,000 after a surprisingly weak U.S. jobs report rattled markets, with nonfarm payrolls falling sharply and unemployment ticking slightly higher. Meanwhile, U.S. banking agencies moved to clarify capital rules for tokenized securities, and the SEC reached a settlement with Justin Sun in its long-running lawsuit against him and his companies.
Let’s unpack this and more! 👇
If you work in fintech or finance, you already have too many tabs open and not enough time.
Fintech Takes is the free newsletter senior leaders actually read. Each week, we break down the trends, deals, and regulatory moves shaping the industry — and explain why they matter — in plain English.
No filler, no PR spin, and no “insights” you already saw on LinkedIn eight times this week. Just clear analysis and the occasional bad joke to make it go down easier.
Get context you can actually use. Subscribe free and see what’s coming before everyone else.
News Roundup
Artificial Intelligence
Decentralized, Centralized, & Traditional Finance
SoFi Partners With BitGo to Launch Bank-Issued Stablecoin (Cointelegraph)
U.S. Judge Freezes BlockFills Assets in 70 BTC Dispute (CoinDesk)
Canada Pilots $100M CAD Tokenized Bond Issuance Using Blockchain (The Block)
Solv Protocol Exploit Drains $2.7M From Bitcoin Yield Vault (The Block)
Russia’s Central Bank Considers Simplified Crypto Exchange Licensing for Banks (The Block)
Kazakhstan Central Bank to Allocate $350M of Reserves to Crypto-Linked Investments (CoinDesk)
Bitcoin Fintech Strike Secures New York BitLicense (The Defiant)
U.S. Banking Agencies Clarify Capital Rules for Tokenized Securities (OCC)
Curve Accuses PancakeSwap of Unauthorized Use of StableSwap Code (The Defiant)
Mastercard Unveils “Verifiable Intent” to Secure AI-Driven Commerce (Mastercard)
Exchanges
Coinbase Executives Sued by Shareholder Over Compliance and Disclosure Issues (The Block)
OKX Launches Orbit Social Trading Platform (Decrypt)
Binance Flags Nine Tokens With Monitoring Tag (Binance)
Dubai Orders KuCoin to Stop Operating Without License (CoinDesk)
Coinbase Prime Introduces Unified Cross-Margin for Spot and Derivatives (The Block)
Exchange-Traded Funds
On March 5, U.S. Bitcoin spot ETFs recorded a net outflow of $227.83 million.
U.S. Ethereum spot ETFs saw $90.94 million in net outflows on March 5.
On March 5, U.S. XRP sport ETFs posted $6.15 million in net outflows.
U.S. Solana spot ETFs recorded $5.23 million in net outflows on March 5.
21Shares Launches First U.S. Spot Polkadot ETF (Crypto Briefing)
Infrastructure
AI Wallets Need User Oversight for High-Value Transactions (Vitalik Buterin)
Vitalik Buterin Urges More Experimentation on Ethereum’s App Layer (The Block)
Markets
Dogecoin Leads Crypto Losses as Bitcoin Pullback Hits Meme Coins (Decrypt)
Nigel Farage’s Political Aide Loses $550K on Iran Strike Bet (Decrypt)
U.S. Nonfarm Payrolls in February: -92K, Exp. 50K, Prev. 126K (BLS)
U.S. Unemployment Rate: 4.4%, Exp. 4.3%, Prev. 4.4% (BLS)
Bitcoin Falls Below $69K After Weak U.S. Jobs Report (Decrypt)
Mining
Bitcoin Miners Sell 15,000 BTC Since October as Industry Margins Tighten (Cointelegraph)
Cango Cuts 30% of Bitcoin Hashrate as Profitability Drops (TheEnergyMag)
CleanSpark, Cango and BitFuFu Mine 1,250 BTC in February (The Block)
Politics & Regulation
SEC Settles Tron Lawsuit With Justin Sun, $10M Fine for Rainberry (CoinDesk)
Vancouver to Drop Bitcoin Reserve Proposal After Legal Review (Decrypt)
Pakistan Parliament Passes Virtual Assets Act to Regulate Crypto Sector (The Block)
Elizabeth Warren Slams SEC Over Dropped Justin Sun Case (The Block)
Binance Tells U.S. Senate Probe No Direct Crypto Transfers to Iran (CoinDesk)
Florida Passes First U.S. State-Level Stablecoin Regulation Bill (The Block)
Treasuries
Bit Digital Holds 155,434 ETH With 89% Staked (PR Newswire)
Venture Capital
Why Founders Fund Exited ETHZilla’s Ether Treasury Bet (Cointelegraph)
Tether Backs Utexo to Bring USDT Settlement to Bitcoin (The Block)
Other News
Europol and FBI Shut Down Major Cybercrime Forum LeakBase (Cointelegraph)
Dollar-Cost Averaging Bitcoin Shows Strong Long-Term Returns (Cointelegraph)
Sanctioned States Drive $154B in Crypto Crime as Iran Activity Tops $3B (Decrypt)
Check This Out!
Software engineering job postings have rebounded sharply since mid-2025 after a steep decline, signaling renewed demand for tech talent despite advances in AI.
Source: Citadel Securities
Meme of the Day
Source: naiivememe
Rate Today’s Edition
What do you think of today's edition?
Share this newsletter, claim your reward! 🎁
Participate in the On & Off Chain referral program by sharing the newsletter with your friends to claim your reward:
✌️2 referrals: A personal shoutout in On & Off Chain
Must be subscribed
