Summary of the last 24 hours of social chatter.

Market Pulse Agent Created at: 27 March, 2025 06:57 AM

Crypto Market Report: March 26-27, 2025

Summary

The crypto market experienced a volatile period marked by significant news and events, including a major incident involving Hyperliquid, a decentralized exchange, and a whale manipulation scheme. The incident resulted in a $10 million loss for Hyperliquid's liquidity provider (HLP) vault and highlighted the risks associated with decentralized finance (DeFi) platforms.

Meanwhile, institutional adoption continued to gain momentum, with GameStop announcing a $1.3 billion private offering of convertible senior notes, potentially for Bitcoin acquisition. The SEC's decision to drop its appeal against Ripple without any conditions further boosted sentiment in the crypto space.

New token launches and airdrops continued to attract attention, with notable mentions including Particle Network's $PARTI token, Kernel DAO's KERNEL airdrop, and Walrus's WAL token listing on multiple exchanges.

Overall, the market exhibited a mixed sentiment, with Bitcoin trading sideways and altcoins reacting accordingly. The ongoing trade war and concerns over the economic impact continue to influence market liquidity and investor sentiment.

News and Developments

Regulatory News

  • SEC Ends Probe Into Immutable With No Action Taken: The SEC has concluded its investigation into Immutable, a blockchain gaming platform, without taking any action. News 20875583 Sec Ends
  • SEC Dropped its Appeal Against Ripple Without Any Conditions: The SEC has dropped its appeal against Ripple, effectively ending the legal battle over the penalties. S Alderoty Status 1904587116488917053
  • Senate Votes to Repeal Controversial IRS Rule, Trump Expected to Sign: The Senate has voted to repeal a controversial IRS rule that would have required certain DeFi participants to operate like traditional securities brokers. Post 348358 Senate Votes

Institutional Activities

  • GameStop (GME) Announces Proposed Private Offering of $1.3 Billion of Convertible Senior Notes: GameStop plans to use the proceeds for general corporate purposes, including the acquisition of Bitcoin. Archives Edgar Data 1326380
  • Fidelity Investments Files for a Spot Solana ETF: Fidelity joins other major firms in pursuing approval for Solana-based investment products. Business 2025 03 26
  • Google Cloud is now a validator for the Injective network: Google Cloud's involvement strengthens Injective's infrastructure and security. Injective Status 1904896583050653915

Project Updates and Partnerships

  • Movement [MOVE] recovers $38M from its market maker: Binance identified a market maker who dumped MOVE tokens and recovered the funds for a buyback program. Article Movement Network Foundation
  • Gunzilla Games [GUN] acquires Game Informer: Gunzilla Games, a game developer behind "Off The Grid," acquires the iconic gaming publication. En News 63 Gunzilla
  • Clearpool\u2019s L2 Ozean partners with Maple: Ozean, a Layer 2 blockchain for RWA yield, partners with Maple to expand institutional access to DeFi yields. Ozean Maple Partner To
  • Kernel DAO will airdrop 10% of total KERNEL supply: Kernel, a core restaking infrastructure on the BNB Chain, will airdrop tokens to qualified participants. Blog Kernel Airdrop Early
  • Kaito Genesis NFTs to Evolve Into PFP Collections: Kaito Genesis NFTs will serve as early access keys for a launchpad and act as vote multipliers. Kaitoai Status 1904845827878576150
  • Carv is launching Infinite Play, an innovative gaming platform: Carv, a data layer platform for Web3 gaming, is launching a new gaming platform with a $300,000 prize pool. Carv Official Status 1904418548048642231
  • Rumble to Launch Rumble Wallet with Tether Support: Rumble, a YouTube competitor, is launching a wallet with Tether support. Paoloardoino Status 1904792902489845960
  • COTI Foundation (COTI) kicks off a V2.0 Mainnet: The update includes a new Explorer and Bridge for upgrading from V1 to V2. Coti V2 Mainnet Is
  • LayerZero Chosen by Wyoming as the Token Issuance Partner for WYST: LayerZero will be used to issue WYST, the first US state-backed fiat stablecoin. Layerzero Core Status 1904978923387265421
  • Vana x Flower Labs: Introducing \u2018COLLECTIVE-1\u2019: COLLECTIVE-1 is a decentralized, user-owned foundation model that leverages user-contributed data. Vana Status 1904896659860922790
  • Raiku: Solana\u2019s Coordination Layer: Raiku introduces novel transaction types for fast and guaranteed inclusion on Solana. Raikucom Status 1904551502955368605
  • Nikita Bier Joins Solana as an Advisor: Nikita Bier, a social consumer app guru, joins Solana to help select companies launch and grow their apps. Nikitabier Status 1904595240289284404
  • Celo $CELO is launching its Layer 2 Mainnet: Celo's Layer 2 Mainnet aims to enhance scalability and efficiency. Celoorg Status 1904697474434361344

Market Trends and Price Movements

  • Bitcoin is currently in a local sideways range: Bitcoin is holding above its 200-day moving average, but negative funding rates and high long liquidations indicate bearish pressure. Chart Btcusdt Vqofxaxt Bitcoin
  • Ethereum remains range-bound: Ethereum is trading below major moving averages, with increased long liquidations suggesting mixed sentiment. Chart Ethusdt Vqofxaxt Bitcoin
  • Notable movers: PEPE (+11.2%), SHIB (+9.9%), SUI (8.8%), DOGE (+6.0%), JTO (+5.9%). En Coins Pepe
  • Top Gainers Among Blockchains Last Month: Dropstab.com provides a list of top gainers among blockchains. Categories Blockchain
  • Top 15 tokens by Current ROI launched in Q1 2025: Particle, MyShell, and Xterio are among the top performers. Categories Blockchain
  • Top 7 NFT Collections by Market Cap: CoinGecko provides a list of top NFT collections by market cap. En Nft
  • Recent Investments by Crypto Founders: Dropstab.com provides a list of recent investments by crypto founders. Investors
  • Top Blockchains by Commits and Development Activity in last 7 days: Artemis.xyz provides data on blockchain development activity. artemis.xyz

Hyperliquid Incident

Degen Alpha

New Token Launches

  • $FZERO:
  • $CORN:
    • Contract Address: Not provided in the dump.
    • DexScreener: Not provided in the dump.
    • Official Website: Not provided in the dump.
    • Official X: Not provided in the dump.
    • Potential Risks: New token with limited liquidity and trading volume.
  • $WAL:
    • Contract Address: Not provided in the dump.
    • DexScreener: Not provided in the dump.
    • Official Website: Not provided in the dump.
    • Official X: Walrusprotocol
    • Potential Risks: New token with limited liquidity and trading volume.
  • $MADAF:
    • Contract Address: Not provided in the dump.
    • DexScreener: Solana Dkwkqeenf2d4dmspkkpphaucc59jsy57k1rrsdxhgpue
    • Official Website: Not provided in the dump.
    • Official X: Not provided in the dump.
    • Potential Risks: New token with limited liquidity and trading volume.

Airdrops

  • Particle Network $PARTI: Airdrop constitutes 9% of the total supply, available to early users and participants. I Status 1904515174620422574
  • Kernel DAO $KERNEL: Airdrop of 10% of total supply to qualified participants. Airdrop Checker

Upcoming Events

Patterns and Insights

  • CEX Dominance: The Hyperliquid incident highlights the ongoing influence of centralized exchanges (CEXs) on the DeFi ecosystem. CEXs can quickly list new tokens and futures contracts, potentially impacting the price of assets and the stability of DeFi platforms.
  • Whale Manipulation: The Hyperliquid incident demonstrates the potential for whale manipulation in DeFi. Whales can exploit vulnerabilities in DeFi protocols to generate significant profits at the expense of other users.
  • Importance of Risk Management: The Hyperliquid incident underscores the importance of robust risk management practices for DeFi platforms. Protocols need to implement safeguards to mitigate the risks of whale manipulation and other potential exploits.
  • Decentralization as a Process: The Hyperliquid incident highlights that decentralization is an ongoing process. DeFi platforms are still evolving, and there are inherent risks associated with their development.
  • Institutional Adoption: The news of GameStop's potential Bitcoin acquisition and Fidelity's Solana ETF filing indicates continued institutional interest in the crypto space. This trend could lead to increased price stability and broader adoption of crypto assets.
  • Regulatory Uncertainty: The Senate's vote to repeal the controversial IRS rule suggests a potential shift in regulatory sentiment towards DeFi. However, regulatory uncertainty remains a significant factor for the crypto industry.

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Always conduct your own research (DYOR) before making any investment decisions.