What happened in Crypto last week? Your weekly roundup is here.

News | Thought leadership | Price predictions

Good morning, and welcome to the Cryptopolitan Daily.

The crypto market never sleeps, and neither do we. Whether it’s breaking news, market shifts, or regulatory updates, we’re here to bring you the insights that matter—fast, sharp, and to the point.

Market-moving headlines 🔥

Bitcoin tumbled below $82k.

Bitcoin saw a strong downward trend last week, falling below key support levels and faced resistance at $82k levels, now showing mild recovery after breaking the resistance and eyeing $84k .

As 2nd April approaches and tariffs imposed by President Trump are set to kick off, investors are fleeing away from volatile assets like crypto and stocks towards historical safe havens like gold. 

These tariffs target the goods imposed by Mexico, China and Canada, sparking fears of a global trade war. Broader market sentiment has affected crypto and S&P alike, signifying a correlation between US stocks and crypto, as we have pointed out in our previous editions also.

Ethereum’s downward spiral

Ethereum– once considered the epitome of stability and quality in Web3 is now facing the pressure as retail eyes towards a crucial factor in crypto– price.

ETH has been struggling since its peak of $4000 in December 2024, and has lost more than 50% of its value ever since and is currently trading around the $1800 levels, a very critical level. DeFi has taken a hit alongside it. According to DefiLlama, Ethereum’s DeFi TVL has dropped from over $76 billion to $48 billion since December.

Ethereum’s decline is putting extra pressure on DeFi as liquidations are rampling up, Maker, one of the largest DeFi lenders, is at the center of this turmoil, with $229M in ETH tied to two major loans now at risk.

How will these liquidations impact the broader crypto markets, read our detailed analysis here.

🔥 Join the conversation as we cover the price action live on X.

Are the days of glory over for Ethereum?

Half a million Bitcoins– Michael Saylor’s Strategy did it.

Strategy became the first company to hold more than 500,000 Bitcoin. On March 24, 2025, the Company reported that between March 17 and March 23, it acquired approximately 6,911 bitcoins for $584.1 million in cash, with an average purchase price of $84,529 per bitcoin, including fees and expenses. 

As of March 23, 2025, the Company and its subsidiaries collectively held around 506,137 bitcoins, acquired at a total cost of $33.7 billion, with an average purchase price of $66,608 per bitcoin, inclusive of fees and expenses, and the current holding stands at about $44 Billion.

🔍 psst…we already called it and we are still at it on X 

The Stablecoin-Gold rush

On-chain data shows Ethereum’s stablecoin supply has reached a record high of $132.4 billion, with USDT and USDC making up the majority.

As of March 24, USDT supply on Ethereum surpassed $75 billion, while USDC stood at just over $39 billion. Other stablecoins, including USDe, USDS, DAI, FDUSD, and PYUSD, contributed $5.39 billion, $4.49 billion, $2.95 billion, $2.07 billion, and $714.23 million, respectively.

Ethereum’s stablecoin supply now represents more than half of the total stablecoin market cap, which has surged to approximately $230 billion as of March 2025.

What’s the reason behind the Stablecoin push? Read here

Ripple’s RLUSD is closely following behind the leading stablecoins, could it be the next big-thing? Read the full story here.

Meme and AI narratives have lost their charm?

SocialFi has overtaken MEME and AI as the hottest trend in crypto, with the sector’s market cap reaching $900M, according to CoinGecko. By merging social media with blockchain, SocialFi enables users to monetize engagement, own their data, and earn rewards through tokenized interactions.

Leading projects include:

• UXLINK  ($142 million market cap)

• Galxe  ($126 million market cap)

• Hive ($104 million market cap)

Fidelity overtakes BlackRock in race to file for spot Solana ETF

Fidelity has officially entered the race for a Solana ETF, with the CBOE submitting an initial filing on its behalf. This marks the beginning of the regulatory approval process for the fund.

CBOE BZX, a subsidiary of the CBOE Group, submitted a 19b-4 application to list Fidelity’s Solana ETF. This filing represents the first step in a lengthy approval process, with a detailed prospectus yet to be submitted outlining the fund’s structure.

If approved, the ETF will hold Solana (SOL), along with cash and cash equivalents, aiming to mitigate the volatility associated with digital assets. Fidelity’s move further signals growing institutional interest in Solana, as the push for regulated crypto investment vehicles continues.

Fidelity’s move further signals growing institutional interest in Solana, as the push for regulated crypto investment vehicles continues. Meanwhile, Grayscale is expanding with its own filing for an Avalanche (AVAX) ETF on Nasdaq.

✅ Track the Solana ETFs with @CPOfficialtx on X

🔥 More regulations upcoming?

Track it live with Cryptopolitan: The SEC Crypto Task Force just announced they will host four more crypto roundtables.