Happy International Women's Day!
Previously, men were considered the main financiers of the family, and women were the keepers of home comfort. However, the reality has long changed. Women are increasingly becoming family budget strategists, investing, balancing risks and mastering new financial instruments. This is reflected in the capital market: 60% of American women invest in stocks, and their investment strategies, as shown by the analysis of Warwick Business School, bring on average 1.8% more profit than men.
Digital assets are also becoming part of women's portfolios - in a quarter, the share of those owning cryptocurrency increased from 29% to 34%. Bitcoin is especially popular, which is integrated into their financial strategies. In a world where AI and blockchain are changing the economy, women are at the forefront. They are not only adapting to new realities, but also shaping the future of investing.
Happy International Women's Day!
Tether Promises Full Audit With New CFO
Tether, the issuer of the USDT stablecoin, has announced that the appointment of Simon McWilliams as CFO will be a key step towards conducting its first full financial audit. Tether previously published quarterly reserve reports in collaboration with BDO, but is now seeking even greater transparency. A full audit will confirm the amount of USDT collateral and increase confidence in the stablecoin. This step is especially important amid the company's global expansion. Tether recently moved its headquarters to El Salvador and received a DASP license.
Solana Validators Vote on Inflation Proposal
Solana validators will vote on SIMD-228, a proposal to introduce a new inflation model for SOL, according to its co-author Vishal Kankani. The network currently has an annual inflation rate of 4.6%, gradually decreasing to 1.5%. The new mechanism will make it dynamic: when staking falls below 33%, SOL emission will increase, and when the volume of locked tokens is high, it will decrease. The authors of SIMD-228 — Vishal Kankani, Tushar Jain (Multicoin Capital), and economist Max Reznik (Anza) — believe that this will reduce the emission and increase the scarcity of SOL.
The vote will begin around epoch 753. Among the supporters are Solana co-founder Anatoly Yakovenko and Helius CEO Mert Mumtaz. However, Solana Foundation President Lily Liu fears that the unstable returns of staking will scare off institutional investors. Previously, Blockworks researcher Carlos Gonzalez Campo reported that after the fee distribution model change, SOL inflation increased by 30.5% year-on-year.
Base Teams Up with Iron Fish Developers
Coinbase has reached an agreement with Iron Fish to join the Base PoW blockchain team to build privacy primitives on L2. The deal is for the team only, with no purchase of the zk-SNARK-based blockchain or its token.
Coinbase aims to set new standards for privacy in L2, making the on-chain space secure, transparent, and user-friendly. For developers, the Base privacy stack will provide scalability and support for building a new generation of secure dApps. Users will have more control over their data with simplified privacy tools, while maintaining low fees and high transaction speeds.
Reddit Co-Founder Set to Move TikTok to Blockchain
Alexis Ohanian, the co-founder of Reddit, has joined a group of investors who want to buy out TikTok’s US business. If successful, he will become a strategic adviser.
Billionaire Frank McCourt has created a consortium called The People’s Bid to buy the platform, with the goal of giving users control over their data and audience. The platform is planned to be transferred to a new technological infrastructure, without using TikTok’s original algorithms.
McCourt confirmed that funding will not be a problem if ByteDance agrees to the sale, although the company has not yet shown interest in the deal. Ohanian supports the initiative and is confident that the new TikTok will be more transparent and honest.
White House Crypto Summit
On March 7, the White House hosted a crypto summit dedicated to changing the US approach to digital assets, but it did not bring a positive effect on the market. Most cryptocurrencies from the top 10 fell.
Donald Trump declared that the "war" on cryptocurrencies is over and expressed his intention to make the US the center of the crypto industry. He signed an executive order to create a Bitcoin reserve for confiscated assets that will not be sold. Altcoins will also be stored separately, with the possibility of sale only in exceptional cases.
Trump condemned the sale of bitcoins under Biden and promised that this will not happen again. The lack of specifics on the creation of a crypto reserve led to the fall of XRP, SOL and ADA. However, experts believe that in the long term, the new approach will have a positive impact on the market.
