📈Bitcoin Soars to $88K Amid Trump's Shifting Tariff Stance
gm Defiers!
Crypto markets kicked off the week in green, with BTC climbing to $88K following improved investor sentiment. Meanwhile, Ethereum developers pushed back the Pectra upgrade until after testing on Hoodi.
Tornado Cash’s TORN token soared 35% after the U.S. Treasury lifted sanctions on the crypto mixer. On Solana, Jupiter hit a record $33M in February revenue.
✍️ In today’s newsletter:
- Bitcoin jumps to $88K as Trump hints at easing tariffs
- Bubb memecoin soars 1,000% after Binance co-founder’s nod
- Project Liberty aims to bring 170 million users onchain with $20B TikTok bid
- SEC doesn’t rule out PoW mining as a securities sale
- Ethereum developers push back Pectra upgrade mainnet launch
- MegaETH rolls out public testnet
- Jupiter hits record-breaking $33M monthly revenue in Feb.
- Tornado Cash token spikes as U.S. eases OFAC sanctions
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📈 Markets in the last 24 hrs:
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Catch up on our interview with Max Luck, Head of Growth at Flare Networks, as he discusses the layer-one EVM blockchain's focus on providing high-integrity data to builders through its enshrined oracles.
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📈 Bitcoin Surges to $88,000 as Trump Signals Flexibility on Tariffs
The crypto market started the week on a high note as President Donald Trump’s flexible stance on tariffs boosted investor sentiment, pushing Bitcoin up 3.6% to $88,192.
💰Bubb Memecoin Skyrockets 1,000% on Binance Co-founder Endorsement
Bubb, a newly launched memecoin on BNB Chain, skyrocketed over 1,000% after Binance co-founder Yi He subtly endorsed it with an eyeball emoji on X.
📈With $20 Billion TikTok Bid, Project Liberty Wants to Port 170 Million Users Onchain
Project Liberty is leading a $20 billion bid to buy TikTok and move its 170 million U.S. users onto a decentralized blockchain-based platform, aiming to give creators full control over their content.
🙅♀️SEC Doesn’t Rule out That PoW Mining Constitutes a Securities Sale, Commissioner Crenshaw Says
SEC Commissioner Caroline Crenshaw warned that the agency’s recent statement claiming proof-of-work (PoW) mining isn’t a securities sale isn’t as airtight as it seems, pointing to loopholes in the fine print.
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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.
READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?
🛑Ethereum Developers Delay Pectra Upgrade Mainnet Launch
Ethereum developers have delayed the Pectra upgrade’s mainnet launch until after testing on the Hoodi testnet is complete. Originally set for April, the upgrade will now go live at least 30 days after the Hoodi fork, scheduled for Mar. 26.
🗣️MegaETH Launches Public Testnet, Claims To Be Faster Than Base, Monad
Ethereum L2 MegaETH has launched its public testnet, claiming to be 50 times faster than rivals like Base with 10ms block times, 20,000 TPS, and 1.7 Ggas per second throughput.
🪐 Jupiter Shatters All-Time High Monthly Revenue, Hitting $33M in February
Jupiter hit a record $33 million in revenue in February. The surge comes as Solana DApps continue to dominate, generating 58% of blockchain revenue for the fifth straight month.
🌪️Tornado Cash Token Soars as U.S. Lifts OFAC Sanctions
Tornado Cash’s TORN token jumped 35% after the U.S. Treasury removed the crypto mixer from its sanction list, reversing its 2022 ban over alleged money laundering ties.
🌍 ELSEWHERE
- Bitcoin could be more like Tesla and Apple than you think (TheStreet)
- The SEC Crypto Roundtable Was a Missed Opportunity (CoinDesk)
- Tether, Bitcoin, XRP, and more cryptocurrencies to watch this week (Quartz)
