Daily Market Wrap | Mar. 12

TokenInsight · 2026-03-12T10:34:47+00:00

Trump's crypto advisor expects stablecoins to enhance U.S. bank deposits. Strive increases dividends and invests in Bitcoin, while Ripple announces a $750M buyback. Metaplanet launches subsidiaries, and OP Labs reduces staff to improve efficiency.

TokenInsight

2026-03-12 10:34:47

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Hot Topics

Trump’s crypto advisor Patrick Witt says GENIUS-compliant stablecoins will drive net deposit inflows to U.S. banks via global USD demand.

Strive raises SATA preferred stock dividend to 12.75% and buys $50M of Strategy’s STRC preferred shares plus more Bitcoin.

Ripple launches $750M share buyback valuing the company at $50B via tender offer from investors/employees, up 25% from Nov 2025 round.

Market Updates

Metaplanet launches two subsidiaries—Metaplanet Ventures and Metaplanet Asset Management.

OP Labs lays off 20 employees (~20% of staff) to sharpen focus and streamline operations, not due to financial issues.

BTC3,11%

OP5,15%

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