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Binance Ceases USDC TRC20 Deposits Following Circle’s Decision

Binance, one of the leading cryptocurrency exchanges, has stopped allowing USDC (USD Coin) deposits and withdrawals over Tron’s TRC20 protocol. This is a significant cryptocurrency shift. This decision follows Circle’s decision to discontinue support for USDC on the Tron network. Tokens cannot be added to Binance accounts utilizing TRC20 after 2:00 a.m. UTC on April 5, 2024.

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Bakkt, a Cryptocurrency Firm, Appoints New CEO Amid Financial Challenges Disclosure

Bakkt, a crypto trading platform, announced on Monday that Andy Main will take over as president and CEO. He will be replacing Gavin Michael, who is departing for new possibilities. Michael will remain an advisor until March 2025 to assist with the transition and provide assistance to the board. Main, who has been on Bakkt’s board since its public debut in 2021, will take over as CEO on March 26.

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VanEck Bitcoin Trust (HODL) Offers Fee-Free Investment Opportunity

VanEck, a prominent investment management firm, has announced a significant update regarding its VanEck Bitcoin Trust (HODL). Starting from tomorrow, investors will have the unique opportunity to invest in the VanEck Bitcoin Trust (HODL) without incurring any fees until March 31st, 2025. During the outlined period, commencing on March 12, 2024, and concluding on March 31, 2025, VanEck will waive the entire Sponsor Fee for the first $1.5 billion of the Trust’s assets. In the event that the Trust’s assets surpass $1.5 billion before March 31, 2025, a nominal Sponsor Fee of 0.20% will be applied to assets exceeding this threshold.

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