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Tether led a $50 million funding round in Eight Sleep, pushing the company’s valuation to $1.5 billion
Crypto transaction volume in Iran declined roughly 80% after military strikes triggered nationwide internet restrictions
Bitcoin ETFs recorded $155.19 million in inflows, while Sky Protocol’s governance changes reduced token emissions and boosted SKY price by nearly 10%.
The cryptocurrency market saw major developments with institutional expansion, regulatory developments and geopolitical impacts shaping the sector. Tether’s investment in AI-powered sleep technology, Australia launching a regulated stablecoin on the XRP Ledger and more - check all the latest happenings in crypto market today.
Stablecoin issuer Tether has led a $50 million funding round in sleep technology startup Eight Sleep. It values the company at $1.5 billion.
Eight Sleep specializes in AI-enabled sleep monitoring systems and smart bedding products. The company’s flagship product, Pod, already uses AI to adjust bed temperature, elevation and sound based on health indicators.
The new funding will support the development of an AI-powered sleep optimization agent trained on over 1 billion hours of sleep data.
Tether plans to integrate its QVAC architecture, a privacy focused health technology platform that helps users combine biometric data from multiple devices into a unified system powered by local AI processing.
According to blockchain analytics firm TRM Labs crypto transaction volumes across Iranian exchanges declined roughly 80% between February 27 and March 1.
The decline was largely attributed to nationwide internet shutdowns with connectivity reportedly falling by nearly 99%. This limits access to digital asset platforms.
Major exchanges, including Nobitex, Wallex, and Tabdeal, continued operating under restricted conditions, implementing measures such as withdrawal limits, batched transaction processing, and reduced liquidity.
The Iranian central bank also intervened by temporarily suspending USDT-toman trading pairs, which serve as a key gateway between stablecoins and the local currency.
Also Read: XRP Sell-Off Could Continue with Weakening Retail Interest
Australia has taken a major step toward institutional blockchain adoption after the Australian Securities and Investments Commission (ASIC) licensed AUDC Pty Ltd to issue AUDD, a regulated Australian dollar-backed stablecoin built on the XRP Ledger.
The stablecoin will operate under a full Australian Financial Services License (AFSL). It allows banks and licensed financial institutions to transact using digital Australian dollars directly on-chain.
The XRP Ledger was chosen for its efficiency to allow transactions to settle within three to five seconds with minimal fees.
The Corporations Amendment (Digital Assets Framework) Bill 2025 is likely to bring crypto platforms under the same regulatory standards as traditional financial institutions.
According to SoSoValue spot Bitcoin ETFs recorded $155.19 million in net inflows during the latest trading session.
The inflows mark the third consecutive day of positive flows with total inflows exceeding $1 billion over the past three days.
Fidelity’s (FBTC) led with $48.01 million in net inflows followed by Grayscale’s (GBTC) $21.66 million in inflows.
Total net asset value across Bitcoin spot ETFs stands at $90.30 billion, representing 6.44% of Bitcoin’s total market capitalization.
Also Read: How is the Iran Conflict Impacting Bitcoin’s Price in 2026?
The native token of the Sky Protocol (formerly MakerDAO) surged nearly 10% following a governance vote aimed at tightening token supply and strengthening its stablecoin ecosystem.
Under the new proposal staking emissions will be reduced to approximately 838 million tokens over 180 days, representing a decrease of 161.8 million tokens from the previous issuance schedule.
At the same time the protocol has been conducting token buybacks funded by its USDS stablecoin, spending roughly $114.5 million to repurchase 1.83 billion SKY tokens.
The buyback mechanism removes around 3.6 million tokens from circulation each day contributing to a tighter supply environment.
Eric Trump’s American Bitcoin Company recently added 11,298 new ASIC mining machines increasing its computing capacity by 3.05 exahashes per second (EH/s).
The new hardware will be deployed at the company’s mining facility in Drumheller, Alberta bringing its total fleet to 89,242 machines and total computing power to approximately 28.1 EH/s.
Despite the expansion costs the company maintains a Bitcoin treasury of more than 6,000 BTC.
Bitcoin’s network difficulty currently stands near 144.40 trillion hashes increasing the computational effort required to mine new blocks.
1. Why did Tether invest in Eight Sleep?
Tether aims to expand into AI-driven health technology and integrate its QVAC data platform with Eight Sleep’s sleep monitoring systems.
2. Why did Iran’s crypto trading volume drop by 80%?
The decline was mainly caused by nationwide internet restrictions that reduced access to exchanges and blockchain platforms.
3. What is the AUDD stablecoin in Australia?
AUDD is a regulated Australian dollar-backed stablecoin issued on the XRP Ledger under a full financial services license.
4. How much money flowed into Bitcoin ETFs recently?
Spot Bitcoin ETFs recorded $155.19 million in daily inflows, bringing total inflows for three days to over $1 billion.
5. Why did the SKY token surge nearly 10%?
Sky Protocol reduced staking emissions and implemented token buybacks, tightening supply and improving investor sentiment.
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