Daily Market Wrap | Mar. 12

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.