Decentral Block Post

Dogecoin (DOGE) price has rallied 18% over the past three days, and it is currently the best-performing crypto among the top 30 by market capitalization over the past week.

Data also shows DOGE producing its highest weekly returns of 2025, a feat not seen since the final week of 2024.

Dogecoin weekly chart. Source: Cointelegraph/TradingView

7% of DOGE supply is clustered around $0.20

According to the onchain data from Glassnode, DOGE’s unrealized price distribution (URPD) shows 7% of the DOGE supply is concentrated at $0.20.

URPD is a metric that reflects the price at which coins were last moved, and it allows investors to identify resistance and support zones based on token clusters.

Tigran Gambaryan, a Binance executive who was held in Nigeria for eight months in 2024 on tax and money laundering charges, provided additional details about his experience and what led to his release.

Speaking at the DC Blockchain Summit on March 26, Gambaryan, the head of financial crime compliance at Binance said the Nigerian government had held him hostage, suggesting the criminal charges were a pretext to “get something” from Binance. Gambaryan said he saw signs suggesting he could be released “around a month” before he was returned to the US.

“It was around the time the [United Nations] General Assembly in 2024 happened is when that pressure really ramped up against the Nigerian government, and it realized that I was more of a liability,” said Gambaryan. “Before that, they kinda saw me as an asset they could use to get their billions out of Binance.”

Tigran Gambaryan speaking at the DC Blockchain Summit on March 26. Source: Rumble

Since his return to the US in October 2024, Gambaryan has made few public statements concerning his detention and release. The Binance executive’s family and reports from Nigeria suggested that his health deteriorated after he was initially placed into custody in February that year, including issues from pneumonia, malaria, and a herniated disc.

Hyperliquid is delisting perpetual futures tied to the JELLY token after identifying “evidence of suspicious market activity” involving the trading instruments, the blockchain network said. 

The Hyper Foundation, Hyperliquid’s ecosystem nonprofit, will reimburse most affected users for any losses related to the incident, Hyperliquid said in a March 26 post on the X platform.

“All users apart from flagged addresses will be made whole from the Hyper Foundation,” Hyperliquid said. “This will be done automatically in the coming days based on onchain data.” 

Hyerliquid added that the perpetuals exchange’s primary liquidity pool, HLP, has clocked a positive net income of around $700,000 in the past 24 hours. 

This incident is the latest to highlight Hyperliquid’s growing pains as it becomes Web3’s most popular platform for leveraged perpetual trading. 

Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.

Celo announced the successful transition in a March 26 X post, stating that “Celo is officially an Ethereum layer 2” protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether’s USDt (USDT) and USDC (USDC) as gas.

Celo first proposed this transition in the summer of 2023, and it is now completed after block production on the old layer-1 platform halted and continued on the new network. The new platform is based on the OP technology stack and an optimistic rollups implementation.

Source: Celo

Related: Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

Opinion by: Paul Delio, chief business officer at CARV

Market movements come and go, naturally taking up a lot of crypto oxygen, but something far more remarkable has been happening beneath the surface in recent cycles. The past few years have generally been great for new tokens, and with their launches come significant opportunities for wealth creation, such as airdrops.

I recently sat down with Animoca Brands co-founder and executive chairman Yat Siu at Consensus Hong Kong. He mentioned a figure that instantly cured any market anxiety: $49 billion worth of airdrops were distributed directly to Web3 communities from 2021 to 2024. “I can’t think of a larger private wealth generation event than that,” Siu noted.

He’s entirely correct. Airdrops get users in at the ground floor and reward them for early support in ways traditional markets simply can’t or don’t. We can all share in one of the most significant wealth redistributions in recent history through this unique mechanism. 

While current sentiment might make some think twice, there’s still great user and network value building in the background. Bear markets are temporary, but airdrops — and the ownership and community models they enable in crypto — are forever.

Bitso Business, an arm of the Mexican crypto exchange Bitso, will launch a Mexican peso-pegged stablecoin on the Ethereum layer-2 network Arbitrum.

The stablecoin, MXNB, will be issued and managed by Bitso’s newly established subsidiary Juno and will be fully fiat-backed by Mexican pesos on a one-to-one basis, Bitso Business said in a March 26 statement.

Bitso Business’ head of stablecoins, Ben Reid, said a primary use case for MXNB could be to promote foreign investment and trade in Latin American economies by providing a more “efficient way” to do business compared to traditional finance infrastructure.

“Global companies face significant monetary challenges when it comes to serving customers in new markets and conducting cross-border payments, including high intermediary costs and inefficient transaction times,” he said.

Juno will operate independently from Bitso to manage the stablecoin and will conduct regular audits of its reserves, providing public attestation reports on the token’s website.

World Liberty Financial (WLFI), the Trump family’s crypto project, is planning to release a stablecoin, raising concern over the US president’s exposure to the digital asset industry.

The project released a memecoin immediately prior to President Donald Trump’s inauguration, the price of which skyrocketed and crashed soon after, causing many to accuse WLFI of a pump-and-dump scheme. 

WLFI has also made multimillion-dollar purchases of crypto tokens immediately prior to important crypto-related events the president has attended or announcements influencing the industry. WLFI purchased $20 million of various tokens ahead of the March 7 White House Crypto Summit. 

As World Liberty Financial’s portfolio grows and regulator oversight disappears from the crypto industry, observers and legal scholars are becoming increasingly concerned over conflicts of interest within the Trump administration. 

Son Eric Trump pumps his father’s memecoin ahead of the inauguration. Source: Eric Trump

Update March 26, 2:36 pm UTC: This article has been updated to include quotes from Brickken CEO Edwin Mata.

BlackRock’s Ethereum-native tokenized money market fund has more than tripled in value over the past three weeks, nearing the $2 billion mark amid rising demand for safe-haven digital assets.

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) saw an over three-fold increase over the past three weeks, from $615 million to $1.87 billion, according to Token Terminal data shared by Leon Waidmann, head of research at Onchain Foundation, a Web3 intelligence platform.

BlackRock BUIDL capital deployed by chain. Source: Token Terminal, Leon Waidmann

“BUIDL fund TVL exploded from $615M → $1.87B in just 3 weeks. The tokenization wave is hitting faster than most realize,” the researcher wrote in a March 26 X post.

Key takeaways

Exit liquidity traps occur when new investors unknowingly provide liquidity for insiders to cash out, leaving them with devalued assets.​

FOMO drives impulsive trades, often leading to costly mistakes and becoming exit liquidity for early movers.

Beware of projects with exaggerated claims, low liquidity, anonymous teams or sudden price surges.

Investing in high-market-cap coins, avoiding hype-driven projects and using reputable exchanges reduce the risk.

Are you concerned about having bought a cryptocurrency only to later realize that your investment facilitated someone else’s profitable exit? This scenario is called an exit liquidity trap, a deceptive market dynamic where unsuspecting traders provide liquidity for insiders or seasoned investors to offload their holdings at inflated prices.

Bitcoin (BTC) saw the return of US selling pressure at the March 26 Wall Street open as analysis eyed a “key shift in market structure.”

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Bitcoin sees classic US dip as dollar gains

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $87,000.

The pair had enjoyed support through the day’s Asia trading session, but the start of US hours triggered a familiar downward reversal.

Bitcoin copied US stocks’ lack of momentum, with the S&P 500 and Nasdaq Composite Index both heading lower at the open.

Crypto community members are growing more optimistic about an XRP exchange-traded fund (ETF) approval following the resolution of a multi-year legal battle between Ripple and the United States Securities and Exchange Commission (SEC). 

On March 19, Ripple CEO Brad Garlinghouse announced the case had concluded. In an X post, the Ripple executive said the SEC will drop its appeal against Ripple, ending the $1.3 billion unregistered securities suit that started in December 2020. 

Following the development, Nate Geraci, president of the advisory firm ETF Store, said on X that the approval of an XRP (XRP) ETF is next. Geraci said it was “obvious” that it’s only a “matter of time” before the SEC approves an XRP ETF. 

The executive predicted that asset managers like BlackRock and Fidelity would be involved in offering the asset. 

Polymarket punters give 86% odds to XRP ETF approval in 2025

Aside from Geraci, users on the crypto betting platform Polymarket also expect approval for an XRP ETF in 2025. On March 26, Polymarket gave an 86% chance that an XRP-based ETF product would be approved this year. 

Prominent US-based angel investor Jason Calacanis poked fun at GameStop’s decision to invest in Bitcoin.

In a March 26 X post, Calacanis suggested that buying Bitcoin (BTC) was a solution well-suited for public companies that do not have a suitable business model:

“If you’re a public company that can’t figure out a business model, buy Bitcoin! This might actually be great advice if [Strategy co-founder Michael Saylor] is gonna buy $1T in Bitcoin.”

Still, Tomas Fanta, principal at crypto investment firm Heartcore, told Cointelegraph that there are tangible long-term benefits to holding Bitcoin on a corporate balance sheet. Among those he listed were long-term price appreciation and theoretically lower correlation to equity markets over time.

“I do disagree with the view, though, that failing companies should be using Bitcoin as the last-ditch strategy,” Fanta said.

Related: GameStop hints at future Bitcoin purchases following board approval

Canadian YouTube alternative Rumble announced the launch of its wallet with support for Tether’s USDT stablecoin.

In a March 26 X post, Rumble CEO Chris Pavlovski said Rumble Wallet will be used for content creator monetization. He promised it would work better than most advertisers and that it would use Tether’s USDt (USDT). Tether CEO Paolo Ardoino showed his appreciation for the initiative, referring to it as “A wallet for the people” in an X post.

Related: Tether seeks Big Four firm for its first full financial audit — Report

A flurry of investments

The announcement follows Tether investing $775 million in Rumble in late 2024. Ardoino wrote at the time that the company “deeply believes in the fundamental values of freedom of speech and financial freedom.”

Source: Paolo Ardoino

Polymarket, the world’s largest decentralized prediction market, is under fire after a controversial outcome raised concerns over potential governance manipulation in a high-stakes political bet.

A betting market on the platform asked whether US President Donald Trump would accept a rare earth mineral deal with Ukraine before April. Despite no such event occurring, the market was settled as “Yes,” triggering a backlash from users and industry observers.

This may point to a “governance attack” in which a whale from the UMA Protocol “used his voting power to manipulate the oracle, allowing the market to settle false results and successfully profit,” according to crypto threat researcher Vladimir S.

“The tycoon cast 5 million tokens through three accounts, accounting for 25% of the total votes. Polymarket is committed to preventing this from happening again,” he wrote in a March 26 X post.

Source: Vladimir S.

Google Play implemented access restrictions to 17 unregistered overseas crypto exchanges catering to local users in South Korea at the request of the country’s regulators. 

On March 21, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission (FSC) said it was considering sanctions against operators that did not report to the relevant authorities.

Authorities require virtual asset service providers (VASPs) to report to regulators under the country’s Specified Financial Information Act. 

At the time, the FIU said it was coordinating with the Korea Communications Standards Commission (KCSC), the regulator in charge of the internet, on how they could block access to the exchanges. 

By March 26, the FSC published a list of 22 unregistered platforms, highlighting 17 that had been blocked from the Google Play store. The move restricts new downloads and updates for affected apps, effectively limiting user access.

Solana (SOL) price looks ready to rise in April based on a classic bullish reversal indicator and signs of renewed appetite for memecoins.

Technicals show 65% SOL price rally in play

As of March 26, SOL’s price had entered the breakout stage of what appears to be a falling wedge pattern.

A falling wedge forms when the price consolidates inside a range defined by two converging, descending trendlines. Meanwhile, the pattern resolves when the price breaks above the upper trendline.

SOL/USD daily price chart. Source: TradingView

Solana broke above the upper trendline of its falling wedge pattern on March 19 and has since maintained bullish momentum. The breakout has held strong, with SOL continuing to climb in the days that followed.

Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback.

Is the Bitcoin bull run about to resume?

Bitcoin exchange outflows hit 7-month high

Bitcoin is making another attempt at a technical breakout above $90,000 as supply on exchanges continues to decrease.

Bitcoin: Net flow to exchanges. Source: Glassnode

A closer look at the data reveals that a considerable chunk of these withdrawals was made by whales, or entities holding at least 1,000 BTC, who withdrew more than 11,574 BTC worth about $1 billion from exchanges on March 25.

Zero-knowledge proof (ZK-proof)-based compliance protocol PureFi has launched its Know Your Customer (KYC) and Anti-Money Laundering (AML) integration for the Uniswap decentralized exchange (DEX).

According to a recent announcement shared with Cointelegraph, PureFi claims that its ZK-proof-based KYC and AML integration for Uniswap helps address security and compliance concerns at the protocol level. While the integration can be implemented as part of any Uniswap v4 pool, it was deployed as part of the PureFi DEX Uniswap implementation, replacing standard interfaces with custom compliance routers.

The new decentralized finance (DeFi) platform also introduces level-based verification that scales checks based on transaction volume. Checks go from basic identity and sanctions verification at low volumes to comprehensive KYC with risk-based wallet scoring and real-time monitoring at high volumes.

Related: Know Your Peer: The pros and cons of KYC

Not everyone is on board

Hedi Navazan, the chief compliance officer at DEX aggregator developer 1inch Labs, told Cointelegraph that “relying on transaction volume thresholds for progressive compliance enforcement is not, in my view, the right approach.” She shared concerns that such thresholds “fail to capture the broader, more complex risk profile that DeFi and financial ecosystems demand.” She explained:

Ethereum developers are under pressure as the Pectra upgrade moves to a new testnet following a series of unexpected issues that have delayed its mainnet deployment.

The Pectra upgrade, which was expected to hit the Ethereum mainnet in March, was deployed into the network’s Holesky testnet on Feb. 24. However, the upgrade failed to finalize on the network, prompting developers to investigate and address the causes. 

On March 5, the update was rolled out to the Sepolia testnet. However, developers again encountered errors, which were made worse by an unknown attacker who used an “edge case” to cause the mining of empty blocks. 

To better prepare for the upgrade, Ethereum core developers created a new testnet called “Hoodi.”

Ethereum developers “exhausted” from Pectra preparations

Hoodi was launched on March 17, and the Pectra upgrade will roll out on Hoodi on March 26. If the upgrade runs smoothly, Pectra may hit the mainnet as early as April 25.