The cryptocurrency market in the 2nd week of March 2025 continued to record a new adjustment as the macroeconomic situation returned to unfavorable signals, making the fear psychology of investors more pessimistic. However, the legal breakthroughs that the cryptocurrency industry has achieved in recent times, especially in the US and Western countries, cannot be denied.
In addition, another noteworthy information is that the world's largest crypto exchange Binance has had its first fundraising in history with a value of up to $2 billion. The founder of the exchange, Mr. CZ, has denied that the Trump family is interested in Binance.US in exchange for a pardon for the former CEO.
Let's review all the crypto movements this week with Coin68 to make sure you don't miss any important news!
Fluctuations of the top cryptocurrencies compared to 7 days ago. Screenshot from Coin360 at 08:45 AM on 16/03/2025
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📄 News
Highlights 🔥
- The market continues to plummet due to the risk of a US economic recession
- MGX invests $2 billion in Binance, marking the largest investment deal in crypto history
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Big Cap 💎
- ETH whale "almost" liquidated $75 million on Maker
- Ethereum deploys a new testnet dedicated to Pectra testing
- Proposal to reduce inflation for Solana fails to pass
- Binance "expels" the market maker of GoPlus Security (GPS) and MyShell (SHELL)
- Movement launches mainnet, registers ETF for MOVE
- SEC delays approval of a series of altcoin ETFs
-AI Grok "accidentally" created 17 memecoin on Base, forcing Bankrbot to block interactions
- World Liberty Financial completes the WLFI token sale, spends money to "buy the dip" more SEI
- Fundraising:
DeFi and Layer 2 🦄
- ZKsync "pauses" the Ignite program
- Hyperliquid incurs a $4 million loss due to a whale's "abnormal" long ETH order
- Offchain Labs' plan to buy back ARB token causes controversy
- Bubblemaps announces tokenomics, airdrop accounts for 22.2%
- Bittersweet: Swap 733,000 USDC but only receive 19,000 USDT
NFT, GameFi, Metaverse and SocialFi 🖼 🎮🌐
- Taproot Wizards preparing to launch NFT sale
- Star Atlas confirms it will launch the game by the end of 2025
Major Organizations 💰
- Sony collaborates with LINE to develop mini-apps on blockchain
- Dragonfly: US investors have missed out on billions of dollars from airdrops
- CZ denies that the Trump family is negotiating to buy back shares inBinance.US
-Three Arrows Capital wins lawsuit against FTX, increases compensation claim to $1.53 billion
Legal and Adoption ⚖️
- US Senate makes first progress on the GENIUS Stablecoin Bill
- Europe "cautious" about Trump's crypto policy, is promoting CBDC
- Utah passes Bitcoin bill but removes clause to establish a reserve fund
- Thailand approves USDT and USDC as legal cryptocurrencies
- Cayman Islands tightens crypto regulations, requires mandatory licensing from 2025
- Russiais using Crypto to trade oil with China, India
Coin68 summary
