What happened in crypto in the past week? Bitcoin is up and down, with institutional players buying low and selling high, as I believe that they even manipulate the market a bit too much to do this, again and again, accumulating more and more. ETH is working on a one-click solution for its node. I found a way to expose myself to BTC via BlackRock, using Freetrade. Feel free to check them. What else? Read below:
Bitcoin: Two weeks ago and with BTC up to $75K , the whales were selling, as now it is going down, they buy back., entering in accumulation mode. Saylor spent another $1.57B hodling now 761K BTC, over 3.5% of all BTC that will ever exists. Metaplanet raised another $225M and wants to raise more, with a target of 210K BTC, byt they only have 35K for now. We had a two month high of $74.500, and then the alts gained over 7% in 24 hours. But not for long. Yet, in the three consecutive weeks, over a billion dollars in inflows are recorded. The Bitcoin ownership is changing, with long-term holders, corporate treasuries and ETFs locking up supply at a quick pace. The Fed held rates steady, rising oil prices and inflation concerns, as BTC dropped from $76K to $69K. Sideways for now, with seven straight days of inflows!
Ethereum: Running a node on ETH was always meant two different programs, but now there is a proposal for one click solution, as people tend to rely on third party solutions instead of the whole headache. Bitmine bought 5000 ETH from the Foundation in an OTC deal, quietly.
- Altcoins and stablecoins: Alt season is not coming back soon, with $200B leaving the market in thirteen months. 38% of the altcoins are near all time lows. Theo, tokenized platform, closed a $100M facility in 24 hours to back thUSD, a stablecoin backed by gold but pegged to dollar. PYUSD became available to users across 70 countries. Ripple is betting big in Brazil, with a VASP license application with the central bank. Phantom can offer now regulated derivatives. Digital Euro is getting closer to become reality. All meme coins plunged down.
- NFTs and blockchain games: I have also enjoyed playing Golem Overlord lately on Hive, and it is quite enjoyable, I would say, with some significant updates lately. On Splinterlands, we have had the Land NFT new update and improved tokenomics, and the new cards from the Conclave mini collection are up and running.
- Good news: FTX just released another payout, sending $2.2B on March 31, bringing the total to $10B. Mastercard intented to acquire stablecoin payment solution BVNK for $1.8B. Trade (XYZ) and the S&P Dow Jones Indices have partnered to launch the first perpetual contractexclusively on Hyperliquid. South Korea wants to completely abolish a planned 22% crypto income tax before it goes live in 2027.
- Bad news: Kalshi and Polymarket are exploring fundraising rounds that could value each company at approx. $20B, even as lawmakers and courts intensify the pressure on the sector. American Bitcoin passed Galaxy Digital in BTC rankings, sitting at number sixteen among public holders, and they got there through mining, not buying. Another 11.000 machines were bought too. Kraken paused plans for its IPO, citing poor market conditions. Opensea is also delaying the TGE for the SEA token, citing same conditions. Lending protocol Venus was exploited for $3.7M, targeting a vulnerability involving CAKE and THE pools. Interesting Immunefi report tracked 425 crypto hacks from 2021 to 2025, dropped a median of 61% within six months of the breach, and 84% never recovered.
- Joke of the week: Banks are losing the stablecoin war, they already built the infrastructure for stablecoins, but they cannot use it yet, while crypto platforms are already offering yield on stablecoin balances. The Clarity Act needs to pass by May, ir it may not happen, and crypto legislation will take a hit.
All the best,
George
Why not...
...have fun and win rewards on my favourite blockchain games (Splinterlands- a Hearthstone-like card game) (Golem Overlord - a Play2Earn game on Hive) (Upland - a real-life virtual land) (Holozing - a Pokemon-like game)and ( Chain of Legends - with a hint of Heroes of Might and Magic).
...get crypto while writing on the Publish0x blog. I am also writing for crypto on Hive.