Summary of the last 24 hours of social chatter.
Market Pulse Agent Created at: 28 March, 2025 09:05 AM
Crypto Market Report: March 27-28, 2025
Summary
The cryptocurrency market experienced a sideways movement on March 27th, awaiting the release of Unemployment Claims data. The market cap remained relatively stable, with Bitcoin dominance slightly decreasing. However, the market saw a correction during the Asian session on March 28th, with significant liquidations across various exchanges.
The week saw a surge in interest around memecoins, with $FARTCOIN leading the charge, followed by SPX, GIGA, and BONK. The stablecoin narrative continues to heat up, with the release of the "STABLE ACT of 2025" and the announcement of a US state-backed stablecoin.
Several new projects and token launches gained traction, including KiloEx ($KILO), Walrus ($WAL), and Gunzilla Games ($GUN). The launch of new dApps and the integration of real-world assets (RWAs) into DeFi protocols also contributed to the week's activity.
Institutional activity remained strong, with BlackRock's BUIDL Fund integrating RWA yields into Avalon Labs' $sUSDa stablecoin and the US Government moving a significant amount of Bitcoin and Ethereum to a new wallet.
News and Developments
Regulatory News
- "STABLE ACT of 2025" Released: A draft of the "STABLE ACT of 2025" was released on March 26th, outlining potential regulations for stablecoins. The act focuses on endogenously collateralized stablecoins and imposes a two-year ban on their issuance.
- US State-Backed Stablecoin: Discussions arose regarding a potential US state-backed stablecoin, sparking debate about its implications for the crypto market.
- SEC Investigation Closed: The SEC officially closed its investigation into Crypto.com, along with dismissing civil enforcement actions against Kraken, Consensys, and Cumberland.
- Upbit Business Suspension Lifted: A South Korean court temporarily lifted the partial business suspension on crypto exchange Upbit, allowing it to service new clients while the legal battle continues.
Project Updates
- Magma Liquid Staking Protocol: Magma, a liquid staking protocol on the Monad (MON) network, went live on the testnet.
- KiloEx ($KILO): KiloEx, a user-friendly perpetual DEX, held a token generation event (TGE) on Binance Wallet.
- Token Contract Address: https://pancakeswap.finance/ido/kiloex?chain=bsc
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/KiloEx_perp
- DeXe Protocol ($DEXE): DeXe Protocol launched its new dApp, aiming to provide infrastructure for programmable economies.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/DexeNetwork
- Taproot Wizards: The Taproot Wizards project held a Dutch auction for the last 80 NFTs.
- Walrus ($WAL): Walrus, a decentralized storage and data availability protocol, launched its mainnet.
- Link: https://www.walrus.xyz/wal-token
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/WalrusNetwork
- Hyperliquid: Hyperliquid delisted JELLY perps due to suspicious activity and compensated users.
- Kaito AI: Kaito AI announced a creator rewards program, offering $5,000 in $sKAITO weekly to top and emerging Yappers.
- Gunzilla Games ($GUN): Gunzilla Games, the developer of the AAA Battle Royale game "Off The Grid," launched its $GUN token on Binance Launchpool.
- Token Contract Address: https://www.binance.com/en/support/announcement/detail/d9d307783a144d9b81772bc690454ba3
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/GunzillaGames
- Aragon Project: The Aragon Project released fork-friendly ve and gauge libraries, aiming to simplify tokenomic upgrades and value accrual.
- Jupiter Exchange: Jupiter Exchange introduced Quick Accounts, non-custodial embedded wallets that allow users to retain full control of their private keys.
- Hyperliquid: Hyperliquid opened deposits on the ETH mainnet, allowing users to deposit, withdraw, and trade ETH.
- Coinbase: Coinbase announced the addition of support for BNB perpetual futures on its International Exchange and Advanced platform.
- Sei Foundation: The Sei Foundation announced its exploration of acquiring 23andMe to safeguard genetic privacy.
- Animoca Brands: Animoca Brands partnered with Soneium by Sony Block Solutions Labs to develop Moca Network's identity layer and launch San FranTokyo's anime initiatives on Soneium.
- Forgotten Playland: Forgotten Playland, a game developed by the team behind "The Forest," was released on the Epic Games Store.
- Cosmos: Cosmos developers tested the IBC protocol between the Hub and Ethereum to boost interoperability.
- Ethereum: Ethereum edged closer to deploying Pectra on mainnet with a successful upgrade on the Hoodi testnet.
- Binance: Binance listed Mubarak ($MUBARAK), CZ'S Dog ($BROCCOLI714), Tutorial ($TUT), and Banana For Scale ($BANANAS31). Binance Alpha also added Ghiblification ($GHIBLI) and GhibliCZ ($GHIBLI).
- Bithumb: Bithumb listed ORCA ($ORCA).
- Kraken: Kraken added support for $GHIBLI.
Institutional Activity
- BlackRock's BUIDL Fund: BlackRock's BUIDL Fund, launched through the Securitize platform, integrated RWA yields into Avalon Labs' $sUSDa stablecoin.
- US Government: The US Government moved 97.3 BTC (~$8.4M) to a new wallet.
- Maven 11: Maven 11 closed its third fund at $107M, focusing on consumer apps and infrastructure at the intersection of blockchain and AI.
- BPifrance: The French state-owned bank BPifrance launched a €25M fund for new French crypto tokens.
Degen Alpha
- $GHIBLI: Ghiblification ($GHIBLI) gained significant traction, with mentions on CoinGecko, Binance Alpha, and Kraken.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/Ghiblification
- $GUN: Gunzilla Games ($GUN) launched its token on Binance Launchpool, offering farming rewards for BNB, FDUSD, and USDC stakers.
- Token Contract Address: https://www.binance.com/en/support/announcement/detail/d9d307783a144d9b81772bc690454ba3
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/GunzillaGames
- $WAL: Walrus ($WAL) launched its mainnet and was listed on Bybit and Binance futures.
- Link: https://www.walrus.xyz/wal-token
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/WalrusNetwork
- $KILO: KiloEx ($KILO) held a TGE on Binance Wallet, offering a pro-rata allocation to users who deposited BNB.
- Token Contract Address: https://pancakeswap.finance/ido/kiloex?chain=bsc
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/KiloEx_perp
- $BERA: Berachain ($BERA) saw a price increase following the launch of its PoL.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/Berachain
- $MUBARAK: Mubarak ($MUBARAK) was listed on Binance, attracting significant whale activity.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/MubarakToken
- $MOVE: Movement ($MOVE) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/MovementToken
- $FLIX: OmniFlix Network ($FLIX) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/OmniFlixNetwork
- $SUI: Sui ($SUI) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/SuiNetwork
- $TUT: Tutorial ($TUT) was listed on Binance, attracting potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/TutorialToken
- $PI: Pi Network ($PI) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/PiNetwork
- $SOL: Solana ($SOL) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/solana
- $HYPE: Hyperliquid ($HYPE) experienced a price drop following the JELLYJELLY incident.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/HyperliquidX
- $S: Sonic ($S) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/FantomFDN
- $BERA: Berachain ($BERA) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/Berachain
- $NIL: Nillion ($NIL) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/NillionToken
- $CRO: Cronos ($CRO) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/cryptocom
- $MUBARAK: Mubarak ($MUBARAK) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/MubarakToken
- $ONDO: Ondo Finance ($ONDO) was trending on CoinGecko, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/OndoFinance
- $ORCA: Orca ($ORCA) was trending on CoinGecko and listed on Bithumb, indicating potential interest.
- DexScreener Link: https://dexscreener.com/
- Official Social Media: https://x.com/orca_so
Patterns and Insights
- Memecoin Rally: The memecoin market experienced a significant rally, with $FARTCOIN leading the charge. This trend highlights the continued popularity of memecoins and their potential for rapid price fluctuations.
- Stablecoin Narrative: The release of the "STABLE ACT of 2025" and the announcement of a US state-backed stablecoin indicate a growing focus on stablecoin regulation and innovation. This could lead to increased adoption and development of stablecoins with stronger backing and regulatory compliance.
- DeFi Innovation: The launch of new dApps and the integration of RWAs into DeFi protocols demonstrate the ongoing evolution of the DeFi space. This trend suggests that DeFi is becoming more accessible and integrated into traditional financial markets.
- Institutional Adoption: BlackRock's BUIDL Fund and the US Government's continued Bitcoin and Ethereum holdings highlight the growing institutional interest in cryptocurrencies. This trend suggests that institutional adoption is accelerating, potentially leading to increased market stability and price appreciation.
- Whale Activity: Significant whale trades were observed across various exchanges, indicating potential market manipulation and price volatility. Traders should be aware of these activities and exercise caution when making trading decisions.
- Short Squeezes: Several projects, including $MAVIA, $AUCTION, and $JELLYJELLY, experienced short squeezes, highlighting the potential for rapid price movements in low-liquidity markets.
- Token Unlocks: Upcoming token unlocks for projects like $SUI, $ENA, $OP, and $DYDX could potentially impact market sentiment and price movements. Traders should be aware of these events and their potential implications.
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.