News/Daily Market Wrap | Mar. 12 Daily Market Wrap | Mar. 12
Mar 12,2026,18:31
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.
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