Author: Sahil Poudel

VanEck Files for AVAX ETF, but Token Price Keeps Dropping

Summary: VanEck has submitted an Avalanche (AVAX) ETF filing in the United States, its fourth crypto ETF filing after Bitcoin, Ethereum, and Solana. The move comes as AVAX struggles, declining 55% in 2025 and a further 5% over the last 24 hours to $16.78. Although there were some expecting an XRP ETF to be filed first, VanEck’s action has been controversial. If approved, the AVAX ETF would institutionalize investment and liquidity for Avalanche.

VanEck, an international investment firm, has formally applied for an Avalanche ETF in the United States, joining its line of cryptocurrency investment products. The application, dated March 10, 2025, in Delaware under the number 10125689, reflects VanEck’s efforts to bring more digital asset ETFs to market.

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Avalanche is the latest cryptocurrency for which VanEck has submitted an ETF application to the U.S., following on from Bitcoin, Ethereum, and Solana. VanEck also submitted a Solana ETF last year and is among the first to openly adopt crypto-related investment products.

Avalanche, founded in 2020 by Ava Labs and led by Emin Gün Sirer, is a smart contract and dApps-centric blockchain network. It was among the top 10 cryptocurrencies and is currently 20th with a $7 billion market capitalization.

The timing of VanEck’s application is coincidental with a rough year for AVAX, down 55% this year. The token dipped another 5% in the last day to $16.78. There are some within the crypto community questioning why VanEck opted for an AVAX ETF rather than an XRP ETF.

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VanEck is not alone in seeking crypto ETFs. In October 2024, Grayscale filed a request to convert its multi-coin fund—AVAX holding—into an ETF. If approved, a spot AVAX ETF would increase institutional adoption and liquidity for Avalanche.

Bubblemaps TGE Sees Massive 13,500% Oversubscription

Summary: Bubblemaps (BMT) wrapped up its Token Generation Event (TGE) with a staggering 13,500% oversubscription. Originally intending to offer 40 million BMT tokens for 1,503.42 BNB, the event saw around 202,990 BNB worth of subscriptions. Held on Binance Wallet, the TGE fueled speculation of a potential Binance listing, though no official word has been released. BMT is already listed on leading exchanges like MEXC, Kraken, and Bybit.

Bubblemaps, a blockchain analytics platform, has finished its Token Generation Event for its own token, BMT, with overwhelming subscription orders. The project had reserved 40 million BMT at $0.02 per token to be sold in order to raise 1,503.42 BNB but received some 202,990 BNB worth of subscriptions—13,500% more than expected. The event follows the recent $3.2 million funding round by Bubblemaps led by INCE Capital, Cryptorank.io reports.

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Since TGE was executed on Binance Wallet, there has grown rumor of an impending Binance listing. Even though not made formally public, BMT already finds exchange trading on platforms like MEXC, Kraken, and Bybit.

Bubblemaps provides blockchain analysis as bubble clusters for token and NFT holdings so that users can detect wallet relationships, hidden whales, and suspicious activity. BMT is the native token of Bubblemaps and is both a utility and governance token, with it enabling features on the platform.

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For the tokenomics of BMT, 26.3% is allocated to ecosystem and community, 24.3% to investors, and 22.2% for adoption and early rewards airdrops. Liquidity reserves 12.2%, team receives 9%, and 6% is assigned to protocol development and R&D.

Bitcoin Drops 4% as Trump Escalates Trade War With Canada

Summary: Bitcoin slipped 4.2% after President Donald Trump announced new tariffs on Canadian steel and aluminum, raising them from 25% to 50%. The move comes in response to Ontario’s 25% tariff on U.S. electricity. Trump also demanded Canada remove its high dairy tariffs and warned of further tariffs on Canadian automobiles by April 2. Markets reacted sharply, with the Dow Jones dropping nearly 600 points. Bitcoin briefly fell below $80,000 before recovering above $81,000.

Bitcoin and stock markets took a hit after President Donald Trump announced a tariff increase on Canadian steel and aluminum, citing Ontario’s 25% tariff on U.S. electricity. The new 50% tariffs are set to take effect on March 12.

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Trump also called for Canada to eliminate its dairy tariffs, which range from 250% to 390%, and warned that if they remain, U.S. tariffs on Canadian automobiles will rise significantly by April 2. He claimed such measures would cripple Canada’s auto industry.

Adding to the controversy, Trump stated that “the only thing that makes sense” is for Canada to become the U.S.’s 51st state, eliminating all tariffs.

Markets reacted swiftly. Bitcoin fell 4.2% to dip below $80,000, while the Dow Jones lost nearly 600 points. The drop was also fueled by the administration’s announcement that no new Bitcoin purchases were planned for the national reserve. However, Bitcoin has since recovered above $81,000.

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The tariff dispute follows previous trade tensions between the U.S., Canada, and Mexico, with both neighboring countries accusing the U.S. of violating trade agreements.

China Unveils Manus AI, Rivaling DeepSeek in the Race for Advanced AI

Summary: China introduces Manus AI, a next-generation artificial intelligence model with the capacity for independent thinking, planning, and doing. Developed by AI startup Monica, which was established by ex-Google and Tencent staffer Xiao Hong, Manus is not just a chatbot—it is one that bridges idea and action.

The AI stole the show when Peak Ji Yichao, one of the co-founders of Manus, tweeted a demo video on X. The video demonstrates Manus’s ability to browse the internet, gather information, and carry out complex tasks on its own. Some of the examples include making travel arrangements, analyzing stocks in depth, and assisting teachers prepare school materials.It also shows Manus’s ability to scan and summarize resumes at the human level of comprehension.

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Monica claims that Manus outperforms OpenAI’s Deep Research on the GAIA benchmark. However, the AI remains in an invite-only preview phase, with early users reporting occasional bugs and incomplete tasks. While there is no official public release date yet, the excitement surrounding Manus suggests it could be a game-changer in the AI space.

Dogecoin Drops 30%, Hits Lowest Price in Four Months Amid Market Sell-Off

Summary: Dogecoin has dropped 30% in the past month to a four-month low of $0.1735. Down 20% in the last week, in the past 24 hours alone, it has lost nearly 10%. Despite the price fall, Dogecoin remains in the top 10 cryptocurrencies based on market capitalization.

The sell-off comes as the crypto market struggles following Donald Trump’s “crypto reserve” announcement, which initially caused a surge in prices before leading to a broader downturn. Bitcoin and Ethereum have both declined, but Dogecoin has taken a sharper hit. The coin had previously benefited from optimism around Trump’s win and a government initiative humorously named DOGE, as well as continued backing from Elon Musk.

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Over the last three months, Dogecoin has lost over 40% of its value, with heavy selling pressure.In the space of only 24 hours, almost $22 million in Dogecoin positions were wiped out. Nevertheless, fresh investment opportunities such as ETFs could offer hope, with Bitwise seeking a Dogecoin ETF and Grayscale releasing a Dogecoin Trust. Experts rate the possibility of approval for these funds at 75% for this year, and this would stabilize the price.

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Until then, Dogecoin hovers in limbo, with dwindling buzz and ongoing sell-offs. Unless sentiment in the market changes, the coin will likely continue to fall.

Ethereum Falls Below $2,000 as Market Reacts to Trump’s Bitcoin Move

Summary: Ethereum dipped below the important $2,000 mark, losing 5.5% over 24 hours and its weekly decline to nearly 20%. The market decline follows an Executive Order signed by then-U.S. President Donald Trump establishing a Strategic Bitcoin Reserve. With increasing institutional investment in Bitcoin, governments’ inability to make outright buys infuriated traders, leading to a broad crypto sell-off.

Ethereum hit $1,999 during Monday’s Asian session, holding off key levels. The analysts say ETH has not been able to breach long-term resistance levels, with the quarterly SuperTrend indicator being one significant barrier. ETH could continue falling to $1,105 if demand stress continues.But on-chain data shows that large investors have been purchasing ETH, with over 330,000 ETH purchased within the past 48 hours.

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Despite the bearish signals, a potential Wyckoff reaccumulation phase suggests a potential rally in the near term. To change bullish, Ethereum needs to reclaim $2,125, which can push it up to $2,359. Maintaining current support levels is crucial in preventing further drops.

FIFA Explores Launching Its Own Cryptocurrency Token

Summary: FIFA President Gianni Infantino has signalled the possibility of introducing a FIFA cryptocurrency token, with the U.S. market being prioritized. During his speech at President Trump’s White House Crypto Summit, Infantino mentioned FIFA’s interest in using blockchain for fan engagement. Though news is scarce, the announcement caused a stir, sending a massive boom to an unrelated token named “FIFA.” The move comes amidst broader cryptocurrency initiatives under the Trump administration, including the establishment of a U.S. Strategic Bitcoin Reserve.

FIFA President Gianni Infantino has hinted that the organization could develop its own cryptocurrency token in order to attract its global fans.

Infantino addressed at President Trump’s White House Crypto Summit and stated that FIFA is “very, very interested” to launch a FIFA coin, perhaps originating from the U.S. He invited potential partners to come on board and work with him on the token, hyping the scope of the coin among the sport’s 5 billion fans.

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Trump adopted the idea, adding jokingly that “the coin could be worth more than FIFA itself in the end.” No official details or timeline were provided, but the announcement is a sign of FIFA’s growing interest in blockchain technology for revenue and fan interaction.

Following the summit, market volatility caused a 357,000% surge in an independent token named “FIFA,” which briefly hit an $8.2 million market cap. The token is not officially related to FIFA, though.

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The controversy comes as FIFA prepares for the 2026 World Cup, to be hosted by the U.S., Canada, and Mexico. It also comes on the heels of new crypto initiatives under the Trump administration, including a U.S. Strategic Bitcoin Reserve.

Power Slap Partners with VeChain to Stream Global Events on YouTube

Summary: Dana White’s Power Slap has entered into a multi-year partnership with VeChain to expand the sport globally. VeChain will be the official sponsor and cryptocurrency of Power Slap competitions, which will be live streamed on YouTube. The first event under this deal, “VeChain Power Slap 12,” will take place on March 7, 2025, in Las Vegas. VeChain branding will be featured on broadcasts, athlete equipment, and marketing materials. Both entities are dedicated to taking the sport to the next level, with potential future incorporations of UFC. Power Slap and VeChain have announced a massive partnership to live stream slapping championship competitions globally on YouTube.



UFC CEO and Power Slap creator Dana White and VeChain CEO Sunny Lu made the announcement. Under the agreement, VeChain is designated as the official sponsor and cryptocurrency of Power Slap events, another step in the expansion of its sports sponsorships.

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The initial event under this alliance, “VeChain Power Slap 12: Quinones vs. Bordeaux 2,” takes place on March 7, 2025, in Las Vegas and will stream live and for free on YouTube. VeChain branding will be exposed on broadcasts, athlete gear, and marketing materials.

Lu sees Power Slap’s grassroots growth as similar to blockchain’s decentralized expansion. White, however, believes that VeChain’s support will propel Power Slap to greater heights, having already gained over 22 million social media followers and 13 billion views.

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The partnership can go further, with planned integrations such as UFC and the UFC Foundation. VeChain previously partnered with UFC in 2022 and renewed its partnership in 2024 with the VeBetter initiative.

Alexis Ohanian Joins Bid to Acquire TikTok U.S. and Move It On-Chain

Summary: Reddit co-founder Alexis Ohanian has joined forces with a bid by Frank McCourt to acquire TikTok’s American operations. The offer, if approved, would combine blockchain technology, giving users more control of their data. Ohanian, a social media and technology icon, will serve as the bid’s strategic advisor.

McCourt anticipates that Ohanian’s experience will help him justify and sell the initiative. Project Liberty, McCourt’s initiative, envisions TikTok’s future as more decentralized and creator-driven. China-based ByteDance’s control of TikTok has spurred regulatory scrutiny, so a restriction is more likely in the U.S. Having Ohanian on board gives the cause legitimacy, in line with his earlier investments in Instacart, Patreon, and OpenSea.

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Reddit co-founder Alexis Ohanian has admitted his involvement in a bid to acquire TikTok’s U.S. business. It seeks to flip the platform over to blockchain if the bid goes through.

The addition of Ohanian was after validation that he has partnered with Frank McCourt’s bid. McCourt is behind Project Liberty that envisions TikTok’s possibilities being transplanted into a decentralized space where its users possess complete ownership of the data.

McCourt hired Ohanian, stressing his strong experience with social media and its evolution. He indicated that Ohanian’s responsibility will be to legitimize and sell the project, specifically in demonstrating its technical feasibility.

ByteDance-owned TikTok has been the target of regulatory challenges in the U.S., such as temporary prohibition. Regulational issues have led to speculations on likely curbs.

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Ohanian’s previous investments also include high-profile tech startups such as Instacart, Patreon, and OpenSea. His involvement in this bid suggests heightened interest in integrating blockchain into mainstream social platforms.

SBF Talks Prison Life, Says Diddy Has Been Kind to Him

Summary: In a recent interview, Sam Bankman-Fried opened up about life behind bars, calling it “soul-crushing” and revealing his unexpected interactions with fellow inmate Sean “Diddy” Combs. He shared insights on prison dynamics, surprising chess skills among inmates, and the reality of being a high-profile prisoner.

Sam Bankman-Fried, the disgraced FTX founder, gave a rare prison interview with Tucker Carlson, discussing his daily life, the harsh reality of incarceration, and his unexpected encounters with Sean “Diddy” Combs.

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Diddy, the well-known rapper and businessman, is currently in prison due to ongoing legal troubles, including multiple lawsuits and serious allegations. Despite their vastly different backgrounds, Bankman-Fried described him as being “kind” to fellow inmates, including himself.

Reflecting on his 25-year sentence for one of the biggest financial frauds in history, Bankman-Fried described prison as a place no one wants to be in, calling it “soul-crushing.” He noted that small acts of kindness matter, but he doesn’t view prison as a place for socializing.

When asked about how inmates perceive him and Diddy, he admitted it was an interesting dynamic but didn’t dwell on it. One of his biggest surprises has been the impressive chess skills of his fellow prisoners, including former armed robbers who barely speak English.

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His account offers a rare glimpse into life behind bars for high-profile inmates, where unexpected alliances and everyday survival shape their experience.

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