Cari Network is building a bank‑governed tokenized deposit platform on ZKsync’s Prividium stack, giving US regional lenders a stablecoin‑style, onchain payments rail. Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders. Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move tokenized deposits around the clock while keeping them on the balance sheet as bank liabilities, according to a Tuesday release shared with Cointelegraph. The move comes as lawmakers debate frameworks such as the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act and as stablecoin issuers encroach on banks’ role in payments and deposit funding. Read more
A Buenos Aires court instructed Argentina's telecom agency ENACOM to block Polymarket nationwide, citing unauthorized gambling concerns. A court in Argentina has ordered a nationwide block of the major crypto-based prediction market platform Polymarket over unauthorized gambling. Argentina’s national communications and media regulator, Ente Nacional de Comunicaciones (ENACOM), received a court order to block access to the Polymarket website and its variants across the country, according to a ruling dated March 11. The order was issued by the Buenos Aires Court of First Instance in Criminal, Contravention and Minor Offenses No. 31, which is investigating Polymarket under Argentina’s Criminal Code for allegedly offering gambling services without authorization. Read more
Bitcoin bulls failed to break through major resistance at six-week highs as open interest trends triggered warnings of a BTC price reversal. Bitcoin (BTC) risks turning its rebound into a classic “bull trap” as the price rejects at strong resistance. Key points: Bitcoin faces flat Coinbase spot demand and an open interest divergence as prices rise above $75,000. Read more