NovaBay, previously known as a biotech company, saw its stock jump 19% following a strategic pivot and a corporate rebrand. The company will operate under the new name Stablecoin Development Corporation.

Bitmine ($BMNR) said it now holds 4.66 million $ETH and has $11 billion in combined cryptocurrency and cash assets.

NovaBay Pharma (NYSE: NBY), previously focused on antimicrobial eye-care products, is set to overhaul its identity as it pivots fully into crypto. The company will rename itself Stablecoin Development Corporation and change its ticker to SDEV, effective April 3. In January, NovaBay raised $134 million in a private placement and deployed the proceeds to acquire about 2.06 billion SKY tokens, representing roughly 8.78% of the total supply. The position has generated approximately 26.6 million SKY in staking rewards to date. Legacy pharma assets have been wound down, with brands such as Avenova and DERMAdoctor either divested or put on ice. Management now describes the business as an "onchain holding company" built around staking, governance participation, and long-duration exposure to the Sky Ecosystem (formerly MakerDAO). The move stands out as a wholesale corporate pivot rather than a crypto treasury allocation or an ETF push. How it looks a year from now may hinge on where SKY is trading in 12 months.

Activity on the XRP Ledger (XRPL) cooled sharply heading into March 23, with the number of active addresses down by 7,902 over four days, according to CryptoQuant on-chain data. After climbing to a local peak of 26,358 on March 19, active addresses fell in the following sessions and were hovering around 15,456 at the time of reporting. The move represents a 41.36% drop in active users. In contrast, the total count of XRPL addresses expanded rapidly through March, rising to more than 8.1 million. The divergence—fewer active addresses even as overall addresses grow—suggests some participants may be staying on the sidelines despite ongoing network adoption. The pullback in active addresses also coincided with weaker token performance. XRP fell about 10% last week before rebounding roughly 4% on Monday. The token slid from $1.54 last Tuesday to a local low of $1.36 earlier Monday, then recovered to around $1.46 at publication. Historically, declining active addresses has been linked to softer demand. Looking ahead, XRPL activity may hinge on organic usage. Finbold previously cited research indicating that more than 53% of XRPL transactions are tied to payments. With Ripple Labs pushing broader adoption of Ripple Payments—its solution for moving money across traditional and digital rails—active usage could accelerate in the near term.

Circle shares have climbed more than 100% over the past month. Attention is also turning to staked Ether ETFs after BlackRock's ETHB attracted over $150 million in inflows. @leifthunder, @rshorten and @RasterlyRock join @JennSanasie at @NYSE to discuss crypto and related market developments.

Katana CEO @mfisher10x said that one of his first moves in the role was to acquire IDEX and move forward with the launch of a native perpetuals decentralized exchange (perps DEX).

ChainCatcher reported that Arkham data shows Revolut received four sizable SOL transfers at around 00:21, totaling 369,917.26 SOL (about $161 million). All of the transfers originated from Fireblocks Custody.

The agentic economy is moving from concept to deployment, and the infrastructure layer is now the priority. @trondao has committed $1 billion to support that buildout, expanding its AI Fund from $100M. The focus areas include agent identity, stablecoin payment rails, tokenized real-world assets, and autonomous financial tooling.

ChainCatcher, citing Arkham data, reported that at 00:02, 2,619.28 ETH (about $5.59 million) was transferred from Copper to an unidentified address beginning with 0xe8F8.... Two minutes later, at 00:04, the same address sent 10,000 ETH to Fasanara Capital.