Crypto Weekly Digest Summary ??

Bitcoin and Top Cryptos Show Mixed Signals Amid Bull Market Uncertainty

• Bitcoin's bull cycle may have ended, with experts forecasting 6–12 months of bearish or sideways trends. CryptoQuant CEO Ki Young Ju emphasized the shift, while others highlighted short-term optimism, citing reduced futures open interest
• On March 19, Bitcoin surged briefly to $86,8k after the Federal Reserve's rate announcement but dropped back to $84k soon after. Former BitMEX CEO Arthur Hayes argued that liquidity pressure is easing due to the end of quantitative tightening, signaling potential support for riskier assets
• Despite these developments, Bitcoin's Bull Score Index hit a two-year low of 20, far below the historic rally threshold of 60, raising doubts about future price rebounds. Bitcoin closed the week at $85k with a 2% weekly gain, while the Fear & Greed Index sat at 30, indicating cautious sentiment

• Ethereum also showcased resilience, reaching a high of $2,050 but closing at $2,001 (+5.4%). Other strong weekly performers included TRX (+6.1%), XRP (+4.6%), and other top-10 cryptocurrencies, all showing positive dynamics

Tornado Cash Freed from U.S. Sanctions

• The U.S. Treasury’s OFAC lifted economic sanctions against Tornado Cash on March 21, removing over 100 Ethereum addresses from its blacklist

• Tornado Cash had previously been accused of enabling $7 billion in money laundering, including activities by the North Korean Lazarus group. The move reflects new legal and policy considerations, and it follows appeals earlier this year that challenged OFAC’s authori

Ripple Turns Plaintiff Against SEC

• Ripple's legal battle took an unexpected turn as the SEC withdrew its appeal. Ripple CEO Brad Garlinghouse criticized the regulator's efforts as "doomed from the start."

• Ripple spent over $150 million on legal expenses and seeks to recover the $125 mln fine paid in August 2024, which remains in escrow. XRP soared briefly above $2.50, stabilizing at $2.40 after the news. Ripple is now considering countersuing the SEC

DeFi Meets AI in DeFAI

Developers introduced DeFAI, merging Decentralized Finance with AI to simplify crypto trading. Projects include AI-driven market analysis tools and automated investment systems. As of March 20, DeFAI's market capitalization reached $900k, signaling growing interest

Lost Bitcoin Fortune in Legal Limbo

• James Howells plans to appeal to the European Court of Human Rights, seeking permission to search a landfill for his discarded hard drive containing 7,500 BTC (valued at approximately $621.9 mln)

• UK courts rejected his case due to "no realistic prospects of success." Howells argues this decision violated his property rights and access to fair trials. Efforts using robotic dogs and x-ray technology to locate the hard drive have been deemed unlikely to succeed

PumpSwap Challenges Raydium in Solana DeFi?

• launched its DEX, PumpSwap, enabling automatic and fee-free listing of meme tokens, disrupting Raydium’s role. This coincided with Raydium's own launch of LaunchLab, heightening competition in Solana's DeFi space
• The GMCI Meme Index dropped 90% since December, indicating shrinking interest in meme tokens

Hyperliquid's Whale Monitoring Feature

Hyperliquid’s public whale tracking tool provides transparency into major traders’ positions, opening avenues for coordinated stop-loss targeting by smaller trading groups. Analysts predict this may shift power dynamics on trading platforms, but its broader implications remain uncertain

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