Crypto & Blockchain Daily Brief Tuesday, March 11, 2025

The Singapore Exchange (SGX) has announced its plans to launch Bitcoin perpetual futures in 2025, marking its entry into the cryptocurrency derivatives market. The new product is expected to provide investors with more opportunities to trade and hedge their positions in the volatile cryptocurrency market. Perpetual futures contracts are a type of derivative that allows traders to speculate on the future price of an asset without an expiry date. This makes them different from traditional futures contracts, which have a set expiration date. The introduction of Bitcoin perpetual futures by SGX is seen as a strategic move to attract more institutional investors to the cryptocurrency space. SGX's decision to launch Bitcoin perpetual futures comes as interest in cryptocurrencies continues to grow among both retail and institutional investors. The exchange aims to capitalize on this growing demand by offering a regulated and secure platform for trading cryptocurrency derivatives. By offering Bitcoin perpetual futures, SGX hopes to provide investors with a way to gain exposure to the price movements of Bitcoin without having to own the underlying asset. This can be particularly beneficial for investors who want to trade Bitcoin but are reluctant to hold the actual cryptocurrency due to regulatory concerns or security risks. Overall, the announcement of SGX's plans to launch Bitcoin perpetual futures in 2025 signals a significant step towards mainstream adoption of cryptocurrencies in the traditional financial markets. It also reflects the growing recognition of Bitcoin as a legitimate asset class that can offer attractive investment opportunities for a wide range of investors.

The article discusses three cryptocurrencies that are poised for significant gains in the near future. The first coin mentioned is Bitcoin (BTC), which is expected to continue its upward trajectory due to its scarcity and the increasing interest from institutional investors. The second coin highlighted is Ethereum (ETH), which is set to benefit from the upcoming Ethereum 2.0 upgrade, as well as the growing popularity of decentralized finance (DeFi) applications built on its platform. Additionally, the recent surge in non-fungible tokens (NFTs) has also boosted Ethereum's value. The third coin recommended is Cardano (ADA), which is gaining traction due to its unique approach to blockchain technology and its focus on scalability, sustainability, and interoperability. Cardano's upcoming Alonzo upgrade, which will enable smart contract functionality, is expected to drive further growth for the cryptocurrency. Overall, the article suggests that investing in Bitcoin, Ethereum, and Cardano could lead to substantial returns in the future. However, it is important for investors to conduct their own research and consider their risk tolerance before making any investment decisions. The cryptocurrency market is known for its volatility, so it is crucial to be cautious and only invest what one can afford to lose.

The article discusses the factors that could potentially lead to a crash in the price of XRP, the cryptocurrency associated with Ripple. It highlights that XRP has experienced significant price fluctuations in the past, including a crash in 2018 when it lost over 90% of its value. One of the main concerns surrounding XRP is its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has accused Ripple of conducting an unregistered securities offering through the sale of XRP, which has led to uncertainty and volatility in XRP's price. Additionally, the article mentions that the overall bearish sentiment in the cryptocurrency market could also contribute to a potential crash in XRP's price. The recent decline in Bitcoin and other major cryptocurrencies has raised concerns about a broader market downturn, which could negatively impact XRP as well. Despite these potential risks, the article also points out some positive developments for XRP, such as its partnerships with financial institutions and its use case for cross-border payments. These factors could help support the price of XRP in the long term, but the ongoing legal issues and market volatility still pose significant risks. In conclusion, the article suggests that investors should carefully monitor the situation and consider the potential risks before making any decisions regarding XRP. It emphasizes the importance of staying informed about regulatory developments and market trends in order to make well-informed investment decisions.

The article discusses MicroStrategy, a publicly traded software company, and its unique strategy of acquiring Bitcoin as a treasury asset. MicroStrategy has made significant investments in Bitcoin, with the latest purchase of $10 million bringing their total holdings to 70,784 BTC, making them one of the largest corporate holders of the cryptocurrency. MicroStrategy's CEO, Michael Saylor, believes that Bitcoin is a reliable store of value and a hedge against inflation, which is why the company has chosen to invest a significant portion of its treasury reserves in the digital asset. Saylor has been vocal about his belief in Bitcoin's long-term potential and has encouraged other companies to consider adding it to their balance sheets as well. The article highlights the benefits of MicroStrategy's Bitcoin acquisition strategy, including the potential for significant returns on investment as the value of Bitcoin continues to rise. By diversifying their treasury reserves with Bitcoin, MicroStrategy has positioned itself to benefit from the cryptocurrency's growing adoption and increasing value. Overall, MicroStrategy's approach to investing in Bitcoin as a treasury asset is seen as a bold and innovative move that has paid off well for the company so far. As more companies begin to explore the potential benefits of adding Bitcoin to their balance sheets, MicroStrategy's strategy could serve as a model for other corporate entities looking to diversify their treasury reserves and hedge against inflation.

The Utah legislature has passed a bill related to blockchain technology, but dropped a provision that would have required the state to hold a reserve in Bitcoin. The bill, known as HB 213, aims to create a legal framework for blockchain technology in the state. It defines blockchain technology and blockchain tokens, and establishes that certain information stored on a blockchain is considered admissible as evidence in court. The bill also sets guidelines for the use of blockchain technology in electronic transactions. Originally, the bill included a provision that would have required the state to hold a reserve in Bitcoin. However, this provision was ultimately dropped from the final version of the bill. Despite this change, the bill still represents a significant step towards recognizing and regulating blockchain technology in Utah. Supporters of the bill believe that it will help to foster innovation and economic growth in the state by providing legal clarity around the use of blockchain technology. The bill has received bipartisan support in the Utah legislature, with lawmakers from both parties praising its potential to drive economic development. Proponents of the bill hope that it will make Utah a more attractive destination for blockchain companies and entrepreneurs. Overall, the passing of this bill is seen as a positive development for the blockchain industry in Utah and a step towards establishing the state as a leader in blockchain technology.