Hello, crypto fam!
It’s the last weekend roundup for March. How time flies–even though the crypto world never sleeps. But it is what it is. We hope you had a great month (and Q1 2025). Best of luck in April. May the bulls keep raging.
As usual, here’s a quick recap of everything that went down this week. Enjoy.
Biggest Story
Binance Cracks Down on Irregular Trading and Insider Activity
Binance has taken strict disciplinary action against a market maker involved in irregular trading of Movement (MOVE) tokens. The market maker, linked to a previously offboarded entity, sold 66 million MOVE tokens a day after listing, securing a net profit of 38 million USDT.
Binance has permanently banned the entity from market-making activities and frozen the illicit proceeds, with Movement Labs and the Movement Foundation working on a compensation plan.
In a separate case, Binance Wallet suspended a staff member over allegations of insider trading. The employee allegedly used privileged information from their past role at BNB Chain to front-run a Token Generation Event, profiting around $82,400. Binance is cooperating with authorities and has announced a $100,000 whistleblower reward..
Other News Making Waves
- A South Korean court temporarily lifted Upbit’s three-month partial business suspension, allowing it to accept new clients amid an ongoing legal battle. (More)
- A trader behind Hyperliquid’s suspicious market activity faces nearly $1 million in losses after attempting to manipulate the platform’s liquidation system. (More)
- Indian police arrest five suspects linked to a $700K crypto scam, which used a fake trading platform, ZAIF, to defraud a businessman. (More)
- Crypto security firm Harpie shuts down after failing to sustain its business model despite backing from Coinbase Ventures and OpenSea. (More)
- Public trust in Argentine President Javier Milei drops amid a $4.6 billion Libra crypto scandal, with 58% of Argentinians expressing distrust. (More)
- A South Korean ethics committee reveals that 20% of public officials hold cryptocurrency, with total disclosed holdings reaching $9.8 million. (More)
- A coalition of 34 crypto firms urges Congress to challenge the DOJ’s interpretation of laws prosecuting Tornado Cash developers, warning of risks to blockchain innovation (More)
- Abracadabra Money suffers a $13 million exploit in its gmCauldrons, but the DAO treasury steps in to repay 50% immediately, with full recovery planned by mid-2025. (More)
- The UK’s FCA warns of young investors turning to crypto as their first financial asset, urging a shift toward traditional investments like shares and bonds. (More)
- The SEC drops its investigation into Immutable without charges, marking a win for Web3 gaming as the company continues expanding its gaming ecosystem. (More)
- Bybit launched Equity Trailing Stop for automated risk management and enhanced copy trading; it also secured the “Best Crypto Exchange UAE 2025” award. (More)
- Custodia and Vantage Bank issue the first U.S. bank-backed stablecoin on Ethereum, pioneering compliant tokenized deposits in the traditional banking sector. (More)
- Mt. Gox moves another $1 billion in Bitcoin, fueling speculation on creditor repayments, though market impact remains minimal, with BTC trading at $86,500. (More)
- BlackRock expands into the European crypto market with its first Bitcoin ETP, IB1T (More)
- Crypto.com faces backlash for allegedly reissuing 70 billion CRO tokens previously burned (More)
- Trump Media signed a deal with Crypto.com to launch “Made in America” crypto ETFs, but it faces political scrutiny over alleged TRUMP token profiteering. (More)
- Fidelity seeks U.S. SEC approval for a tokenized share class of its money market fund, aiming to expand blockchain-based finance with an Ethereum-powered digital fund. (More)
- Hackers exploit security flaws in Russian smart homes to mine cryptocurrency and launch cyberattacks, raising concerns over surveillance and digital threats. (More)
- A ThinkTank has urged South Korea to develop a KRW-pegged stablecoin with a clear regulatory framework, citing global competitiveness and financial risks. (More)
Around the World: Bold Moves and Crypto Regulations
- U.S. Senate votes to repeal an IRS rule imposing tax reporting on DeFi platforms, moving the resolution to President Trump for final approval. (More)
- North Carolina lawmakers introduce bills to allocate up to 5% of state retirement funds to crypto, joining a growing trend of digital asset adoption. (More)
- South Korea’s FIU blocks 17 foreign crypto exchange apps on Google Play, citing unregistered operations targeting Korean users. (More)
- Arizona advances two Bitcoin reserve bills to a full House vote, potentially becoming the first U.S. state to establish a strategic digital asset reserve. (More)
- Kentucky Governor signs the “Bitcoin Rights” bill into law, protecting users’ rights to self-custody and crypto transactions while easing mining regulations. (More)
- Malaysia’s central bank backs asset tokenization but refuses to recognize crypto as legal tender, citing its limited role in the country’s financial system. (More)
- UK investment bank chair proposes a tax on crypto purchases to drive investments into equities, arguing crypto does not contribute to economic growth. (More)
Market Trends: Winners and Losers
Top 5 Gainers 📈
According to data from CoinGecko, these are the five biggest gainers of the week:
- H2O Dao +34.4%, from $0.067433 to $0.090604
- Layer3 +18.8%, from $0.081506 to $0.096802
- ZetaChain +68.8%, from $0.213574 to $0.360561
- Banana For Scale +52.5%, from $0.00437700 to $0.00667560
- BabyBoomToken +73.1%, from $0.099574 to $0.172325
Top 5 Losers 📉
According to data from CoinGecko, the five biggest losers of the week are:
- Bounce -59.2%, from $45.64 to $18.64
- Entangle -52.2%, from $0.00223238 to $0.00106801
- MMX -24.4%, from $0.690664 to $0.522092
- Siren -19.5%, from $0.063562 to $0.051222
- Bubblemaps -28.4%, from $0.200256 to $0.143305
Project Spotlight
Titan Launches Beta for Solana’s First Meta-DEX Aggregator
Titan, Solana’s first meta-DEX aggregator, has launched its beta platform, offering select users access to optimized trade execution. Unlike conventional DEX aggregators, Titan sources quotes from multiple aggregators to ensure the best prices without fees. Its proprietary routing algorithm, Talos, enhances efficiency by mitigating slippage and outperforming competitors 80% of the time.
Why It Matters
Titan modernizes Solana’s trading infrastructure by reducing inefficiencies and MEV risks. Continuously updating quotes ensures traders receive accurate pricing at execution.
And with Solana’s adoption surging, Titan’s advanced routing could play a key role in shaping the network’s on-chain trading landscape.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
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