COCO PAY presents a roundup of the most significant web3 news from the past week. Don’t miss out!
- The United States does not plan to adopt the cryptocurrency Dogecoin in government processes — this was confirmed by Elon Musk, head of the Department of Government Efficiency (DOGE).
- The European Insurance and Occupational Pensions Authority (EIOPA) has proposed requiring insurers to fully back their crypto assets with an equivalent amount of capital.
- AI startup xAI, founded by Elon Musk, has acquired the social media platform X — which also belongs to him — through a stock swap deal. xAI was valued at $80 billion, while X was estimated at $33 billion, including $12 billion in debt.
- Coinbase CEO Brian Armstrong has proposed amendments to U.S. legislation that would allow stablecoin issuers to pay interest directly to users’ on-chain wallets.
- Mastercard has announced the expansion of its blockchain infrastructure, the Multi-Token Network (MTN), aimed at integrating digital assets with traditional finance and improving payment convenience to rival services like Venmo and Zelle.
- U.S. President Donald Trump has announced new import tariffs — starting April 5, all foreign goods will face a minimum 10% duty.
- Following a leaked group chat involving senior Trump administration officials — in which a journalist from The Atlantic was accidentally added — the Signal messenger app saw a sharp rise in popularity.
- Binance co-founder Changpeng Zhao (CZ) has donated 1,000 BNB tokens (around $600,000) to support victims of the powerful 7.7 magnitude earthquake that struck Thailand and Myanmar on March 28.
More news coming soon. COCO PAY—always keeping you informed!
