KEY FACTS: Today March 14, 2025, U.S. Representative Byron Donalds (R-Fla.) is introducing a bill to codify President Donald Trump’s executive order from March 7, establishing a U.S. Strategic Bitcoin Reserve, which consolidates approximately 200,000 Bitcoin—worth $17 billion—and $400 million in other digital assets seized through forfeiture into a federal stockpile. The legislation aims to make the reserve a permanent fixture, protecting it from reversal by future administrations, and aligns with Trump’s vision to position the U.S. as the “Crypto Capital of the World,” supported by figures like Senator Cynthia Lummis (R-Wyo.). Despite backing from 23 states exploring similar measures, the bill faces opposition from Democrats like Representative Gerald E. Connolly (D-Mich.).

KEY FACTS: On March 13, 2025, Ripple secured a crypto payments license from the Dubai Financial Services Authority (DFSA), becoming the first blockchain-enabled payments provider fully licensed within the Dubai International Financial Centre (DIFC). This approval allows Ripple to offer regulated crypto payment services in the UAE, tapping into the country’s $40 billion cross-border payments market and marking its first regulatory milestone in the Middle East. Building on its 2020 establishment of a regional headquarters in the DIFC and the 2023 approval of its XRP cryptocurrency by the DFSA, Ripple aims to meet the growing demand for faster, cheaper, and transparent transactions in the region.

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KEY FACTS: On March 12, 2025, Gemini cryptocurrency exchange launched USD payment rails for institutional clients in the UK and Switzerland, partnering with Liechtenstein’s Bank Frick to offer fee-free deposits and withdrawals. This move aims to streamline crypto trading for institutions, with plans to expand across the EU and EEA in the coming weeks, building on Gemini’s European strategy following its Malta-based MiCA compliance hub established in January 2025. The initiative reflects the growing institutional demand for efficient fiat-to-crypto solutions.

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KEY FACTS: CoreWeave has secured a five-year, $11.9 billion contract with OpenAI to provide AI infrastructure, strengthening its position in the cloud computing market. As part of the deal, OpenAI will receive $350 million in CoreWeave stock ahead of the company's planned IPO, which aims for a valuation exceeding $35 billion. CoreWeave, originally a crypto-mining firm, has rapidly grown into a key AI infrastructure provider, competing with Amazon and Google. Despite reporting $1.92 billion in revenue for 2024, the company faced a net loss of $863.4 million. This partnership will allow OpenAI to diversify its computing resources beyond Microsoft, enhancing its AI model development.