U.S. session crypto and markets brief: SEC clears Nasdaq tokenized equities pilot; bitcoin slides 5%; FTX to pay out $2.2B

U.S. session roundup from @TheBlockCo: The SEC has approved Nasdaq's pilot program for trading tokenized equities. HIVE launched its first AI GPU cluster in Paraguay, marking a push beyond bitcoin mining into AI infrastructure. Polymarket acquired crypto startup Brahma to improve liquidity on its prediction platform. The Senate Banking Committee is targeting an April vote on a crypto market structure bill, according to Sen. Lummis. Trump-linked American Bitcoin has moved ahead of Galaxy in treasury rankings, with bitcoin holdings rising to 6,899 BTC. Visa Crypto Labs released a command-line tool designed to let AI bots initiate payments. Fold posted a $69.6 million net loss for 2025 as it invests in expanding its bitcoin credit card user base. The broader crypto market shed about $100 billion. Bitcoin fell 5% as the Federal Reserve signaled caution. FTX will begin another $2.2 billion distribution to creditors on March 31. Algorand Foundation cut 25% of its workforce, citing macro uncertainty and a weaker market backdrop.