Galaxy Digital and Sharplink have signed a non-binding agreement to create a $125 million institutional onchain yield fund aimed at deploying Sharplink's ETH-focused capital into DeFi strategies. Galaxy will manage the vehicle and contribute $25 million, while Sharplink will commit $100 million, with allocations intended for liquidity strategies and support of early-stage protocols.

Tether has filed a lawsuit in São Paulo aiming to recover a $300 million loan made to Titan Holding, a company tied to Daniel Vorcaro's Master conglomerate. The loan, issued in March 2025 via Tether Investments, was due by March 28 but had not been repaid at the time of writing. Tether says the exposure sits in its loan portfolio rather than USDT's backing, while it seeks court-ordered freezes on defendants' financial assets.

Several private banks in Argentina are running a limited pilot of JPMorgan's JPM Coin to improve interbank settlement and reconciliation times. The first phase uses traditional settlement rails with on-chain recording, aiming to cut costs and boost speed and operational efficiency. Banks still cannot offer crypto services to clients unless the Central Bank changes its 2022 Communication A 7506 rule.

Russia has submitted a package of three bills to the State Duma aimed at legalizing and regulating cryptocurrency activity, including rules for trading, custody, and investor access. The proposals set a 300,000 rubles (nearly $3,730) per-year purchase limit for non-qualified investors via one intermediary after passing a Bank of Russia test, while qualified investors face no cap. The draft also introduces mandatory tax reporting for residents and penalties for illegal crypto use, including fines and up to a two-year ban from operating exchanges.