Parse notes
The SEC has officially dropped its inquiry into Immutable without taking enforcement action, marking a major victory for web3 gaming and digital ownership rights. Despite the investigation, Immutable continued to expand, launching zkEVM, growing its user base, and securing major partnerships—now, it's ready to accelerate further.
GameStop has announced plans to add Bitcoin as a treasury reserve asset after a unanimous board vote. The company has nearly $5 billion in cash in its treasury, though the amount to be allocated to Bitcoin has not yet been determined. Speculation that GameStop would make this decision started after a picture surfaced of CEO Ryan Cohen and MicroStrategy's Michael Saylor at Trump's Mar-a-Lago. GME shares are up nearly 6% on the news in after-hours trading.
Offramp has launched its investment product, allowing all users to buy and sell over 100 tokenized stocks, ETFs, and REITs (fully backed 1:1 by real securities through its partner Dinari). It is set to release fiat offramps in multiple currencies and native mobile apps this April, with features like price charts, financial summaries, and gas-sponsored transactions through ZeroDev.
CME Group is partnering with Google Cloud to test asset tokenization on Cloud's new Universal Ledger, a private programmable network. This initiative will begin testing later this year, with new digital asset services expected to launch in 2026. Tokenization offers around-the-clock settlements at a much faster rate than traditional rails. It is positioned to become a multi-trillion dollar industry according to several analysts.
AI is rapidly improving yet simultaneously becoming commoditized. Developers must embrace network effects if they want to build lasting businesses. Blockchains and tokens enable network effects to be bootstrapped by incentivizing user contributions in exchange for ownership and driving attention to products. In the future, fully sovereign agents can use tokens to build a business from scratch.
The CDP Affiliate Program, now live via Fuul, offers ETH rewards for referring developers to build with the Coinbase Developer Platform. Affiliates earn $300 for their first active referral and $50 per active developer each week (up to $500/week). Referred developers can also earn up to $65 for onboarding and making qualifying API calls, with no limit on how many devs you can refer.
There is no tangible end-user difference between L1s and L2s, as both require bootstrapped liquidity through stablecoins and non-native assets. L2s function as execution layers with trust-minimized bridges. They naturally integrate with L1s and other L2s despite concerns around liquidity fragmentation. Though L1s benefit from a token flywheel driving demand among MEV searchers and stakers, L2s need to rework their tokenomics to capture similar value and provide more than governance rights. L2 development must shift in operational mindset and token design to ensure robust economic incentives for holders.
Prominent viral app creator Nikita Bier has joined Solana as an advisor to help build App Store chart-topping experiences.
Plasma is a blockchain purpose-built for stablecoins that aims to tap into the immense market opportunity driven by global demand for stable and reliable currencies.
The Senate voted 70-28 to repeal an IRS rule that expanded the definition of a “broker” to include crypto participants like miners and wallet developers, requiring them to report user transactions.
Sonic Labs saw explosive growth in March, with TVL surging from $619M to $985M and bridged USDC more than doubling to $327M.