Bitcoin
A collection of whale and shark wallets acquired 51,959 BTC on a single day, blockchain analysts noted as bitcoin’s price rebounded to $71,000 last on March 25.
Business
The FTX bankruptcy estate has reached a deal to sell two-thirds of its stake in AI startup Anthropic for more than twice the value Sam Bankman-Fried acquired the shares for in 2021.
Solana
A recent boom in trading volume on Solana has also inspired a troubling uptick in racist, misogynistic, and other derogatory memecoins designed to offend.
Regulation
Going to jail doesn’t seem to have been such a bad thing for fallen crypto moguls such as Do Kwon, Su Zhu, and Sam Bankman-Fried—at least judging by appearances.
Arbitrum governance members voted overwhelmingly on Friday to expedite gaming on the layer 2 blockchain via “The Gaming Catalyst Program,” proposing a 200 million ARB allocation from Arbitrum’s treasury.
DeFi
Though memecoins have boosted fees on Solana, the tokenomics call SOL’s economic sustainability into question.
In as early as 14 weeks time, crypto investment firm Grayscale’s GBTC could run out of bitcoin for fund redemptions, according to blockchain analytics firm Arkham.
Polygon’s zkEVM network suffered an outage for 10 hours on March 23, which the team attributed to an issue with the blockchain’s sequencer due to a layer 1 chain reorg.
But getting federal judges to give the SEC a clear decision on whether secondary-market crypto purchases are securities transactions could be the key to determining the future of the U.S. crypto market.
Ethereum
Backers of each layer 1 blockchain criticized each other this past week, as competition between the networks grows.
