According to DefiLlama, the total market capitalization of stablecoins has reached $233.54 billion, reflecting a 0.99% growth in the past week. USDT continues to lead the pack, commanding a dominant share of 61.88% in the #stablecoin market.

Ethereum Faces Sharp Weekly Drop 📉

Ethereum's price plunged nearly 20% in the week ending March 9, its steepest weekly decline since November 2022, according to Coindesk. This sharp drop shattered the bullish trend line that had formed after the collapse of Terra's algorithmic stablecoin UST in June 2022, an event that had previously led to substantial investor losses.

#ethereum #Ethereumcrash

Trump is set to host the first White House cryptocurrency summit on March 7.

President Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulations, stablecoins, and Bitcoin reserve legislation, marking a key step in the administration's cryptocurrency policy.

#cryptocurrency #crypto #bitcoin #stablecoins #Trump #WhiteHouse #Cryptosummit

The Chainlink Build project at Nuon Finance assists in safeguarding holders of its USD-pegged NUON stablecoin from inflation by providing native DeFi yields for NUON holders.

https://nuon.fi/

#Chainlink #NuonFinance

Stablecoin Market Cap Increases by 1.06% to $163.817 Billion.

#Tether (USDT) has seen a notable increase in its market cap, rising by 1.18% to $113.86 billion. USDT continues to dominate the stablecoin market with a significant market share of 69.5%.

### Bitcoin and Cryptocurrencies:
- **The Ethereum restaking protocol EigenLayer** has lost $5 billion in total value locked (TVL) within a few weeks (Journal du Coin).
- **Bitcoin exchanges** have seen significant inflows into ETFs, totaling $2 billion over nine consecutive days (Journal du Coin).

### Regulation and Security:
- The **European Securities and Markets Authority (ESMA)** has made progress in developing the digital euro, an initiative that could transform financial transactions in Europe (Une-Blockchain).
- **Hong Kong** plans to implement a licensing system for stablecoin issuers, thereby strengthening regulation in this sector (Journal du Coin).

### Technological Developments:
- **Ubisoft** has chosen Aleph.im to manage the dynamic NFTs for its new Web 3 game, further integrating blockchain into the gaming industry (Journal du Coin).

### Adoption and Usage:
- Various **blockchain adoption initiatives** continue to emerge, such as the acceptance of cryptocurrencies for purchasing real estate and luxury services in Dubai (Krypto Channel).

These developments indicate a growing adoption and significant movements in the blockchain and cryptocurrency space, affecting both asset prices and regulatory and technological infrastructure.