Crypto Chronicles:Blockchain

1-Bitcoin stifled by ‘exacerbating sell-side pressure’ from short-term holders: report

According to the Bitfinex Alpha Report issued on March 17, Bitcoin has plummeted almost 29% from its January all-time high and 13.5% in the previous 30 days, the greatest correction of the current bull cycle.

Cycles with 30%–50% drawdowns were common. Wall Street spot BTC exchange-traded funds had increased institutional use, so some anticipated a different conclusion.

BlackRock and Fidelity drew enormous capital inflows, pushing U.S. spot BTC ETFs to over $100 billion in assets under management within a year.

Over the previous few weeks, EFT cash has drifted down, while successive outflows have hit records. Last week, roughly $1 billion left these goods, indicating that “institutional buyers have not yet returned with sufficient strength to counteract selling pressure,” Bitfinex analysts noted.

Weak price action has also shaken crypto sentiment. According to Bifiniex, the Fear & Greed index fell to multi-year lows, “exacerbating sell-side pressure” as short-term holders capitulated.

2-SEC may abolish Biden-era crypto custody rule: report

The U.S. Securities and Exchange Commission may roll back a cryptocurrency investment adviser custody regulation.

Acting SEC Chair Mark Uyeda revealed the prospective reversal at an industry conference in San Diego on Monday, citing the rule's wide breadth and compliance issues, Reuters reported.

In February 2023, the Biden administration proposed a custody regulation requiring registered investment advisers to keep crypto assets with a competent custodian with enhanced protections.

Uyeda admitted that public criticism generated major concerns, pushing the agency to consider alternatives.

Uyeda also said the SEC is examining a regulation mandating mutual funds and ETFs to disclose portfolio holdings monthly instead than quarterly.

The August 2023 law sought to increase transparency, but industry criticism raised worries about AI's use in trading methods.

The Trump administration has already overturned many crypto-related efforts under previous Chair Gary Gensler, reflecting a larger change in SEC policy. The SEC revoked crypto company accounting guidelines, suspended enforcement efforts, and created a crypto task group to prioritize regulations.

Since former SEC Commissioner Paul Atkins will become chair, Uyeda's desire for regulatory reforms shows a more industry-friendly approach, especially toward digital assets and financial institutions afraid of strict compliance.

3-After losing $50m, blockchain gaming company Immutable claims 2024 prospects improved.

The U.S. Securities and Exchange Commission may roll back a cryptocurrency investment adviser custody regulation.

Acting SEC Chair Mark Uyeda revealed the prospective reversal at an industry conference in San Diego on Monday, citing the rule's wide breadth and compliance issues, Reuters reported.

In February 2023, the Biden administration proposed a custody regulation requiring registered investment advisers to keep crypto assets with a competent custodian with enhanced protections.

Uyeda admitted that public criticism generated major concerns, pushing the agency to consider alternatives.

Uyeda also said the SEC is examining a regulation mandating mutual funds and ETFs to disclose portfolio holdings monthly instead than quarterly.

The August 2023 law sought to increase transparency, but industry criticism raised worries about AI's use in trading methods.

The Trump administration has already overturned many crypto-related efforts under previous Chair Gary Gensler, reflecting a larger change in SEC policy. The SEC revoked crypto company accounting guidelines, suspended enforcement efforts, and created a crypto task group to prioritize regulations.

Since former SEC Commissioner Paul Atkins will become chair, Uyeda's desire for regulatory reforms shows a more industry-friendly approach, especially toward digital assets and financial institutions afraid of strict compliance.

After launching Immutable zkEVM, a layer-2 network built with Polygon Labs, income increased. Immutable launched a $100 million web3 game development fund.

In March 2022, Temasek led a $200 million Series C capital round for Immutable, valuing firm at $2.5 billion. Mirae Asset, ParaFi Capital, Declaration Partners, and Tencent Holdings also invested.

In late February 2025, Immutable co-founder Robbie Ferguson said multiple $1 billion gaming businesses may introduce tokens. This follows a rise in on-chain gambling. According to DappRadar's February 13 games report, blockchain gaming had over 7 million daily unique active wallets in January 2025, up 386% from the year before.

References

https://crypto.news/bitcoin-choked-by-exacerbating-sell-side-pressure-from-short-term-holders-report/

https://crypto.news/sec-considering-scrapping-biden-era-crypto-custody-rule-report/

https://crypto.news/blockchain-game-developer-immutable-says-2024-outlook-improved-after-reporting-50m-loss/