Crypto Weekly Roundup: Trump Courting Binance US, Ethereum Launches New Testnet, & More

Last week, both Rumble and Metaplanet invested heavily in Bitcoin while the U.S. Congress overturned the much controversial “Broker Rule,” a remnant from the Biden era. Additionally, Coinbase was also in the news as it has re-entered the Indian market after exiting it nearly two years ago. The firm’s CEO Brian Armstrong has also declared mass hiring plans, crediting the pro-crypto government of President Donald Trump. Let’s read more. 

Bitcoin

Nasdaq-listed video-sharing and cloud infrastructure company Rumble has reinforced its treasury diversification strategy by announcing the acquisition of 188 Bitcoin (BTC) for approximately $17.1 million.

Japanese investment firm Metaplanet’s stock jumped over 8% following its latest purchase of 162 BTC, reaffirming its aggressive accumulation strategy and commitment to expanding its crypto holdings.

Ethereum

After several configuration issues on the Sepolia and Holesky testnets, the Ethereum Foundation has announced the launch of a new testnet to complete testing the Pectra upgrade and demonstrate the code update a final time before deployment. 

A leveraged Ethereum trade on Hyperliquid resulted in a rare outcome where a whale secured profits despite being liquidated, while the platform’s liquidity pool absorbed a multi-million dollar loss.

Business

The Wall Street Journal has reported that members of former President Donald Trump’s family have engaged in discussions to acquire a financial interest in Binance.US, the American affiliate of the world’s largest cryptocurrency exchange

Coinbase CEO Brian Armstrong has declared that the company has plans to hire 1,000 new employees in the U.S., citing President Trump’s pro-crypto stance and policy shifts as key drivers behind the decision.

Security

Hardware wallet provider Trezor has resolved a security flaw in its Safe 3 and Safe 5 hardware wallets following a disclosure by rival Ledger, which uncovered a way to bypass some of Trezor’s existing countermeasures against supply chain attacks.

Regulation

Finance officials in the European Union are worried US President Donald Trump’s pivot towards digital assets could impact the Eurozone’s financial and monetary stability. 

Crypto exchange Coinbase announced that it has registered with India’s Financial Intelligence Unit (FIU) and received approval to offer crypto trading in the country after it left the region nearly two years ago due to regulatory issues. 

On March 11, the US House of Representatives and the Senate voted to overturn the Biden Administration’s controversial “Broker Rule,” which compelled IRS disclosure requirements for certain crypto brokers, relieving excessive burdens on digital asset transactions. 

A new report by Dragonfly revealed U.S. users were excluded from billions in crypto airdrops due to regulatory geoblocking, leading to significant financial and tax revenue losses.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

default post thumbnail
640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?
Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong ...
READ MORE
default post thumbnail
Bitcoin Spot ETF Exodus Continues: $900 Million Outflows Extend Losing Streak
Following the last trading window, the US Bitcoin Spot ETFs have recorded another week of overwhelmi...
READ MORE
default post thumbnail
Whales Accumulate Over 150 Million XRP In Just 48 Hours – Is A Rally Incoming?
XRP has finally found stability above crucial demand levels after enduring weeks of heavy selling pr...
READ MORE
default post thumbnail
Top 5 Cryptocurrencies To Buy After Trump’s Crypto Speech
One of the main goals of the current US administration, led by President Donald Trump, is to make th...
READ MORE
default post thumbnail
If You Missed Pi Network’s 1000% Surge, Could Remittix Be the Next Big Breakthrough You’re Looking For?
Cryptocurrency enthusiasts frequently document token deals that spike quickly to yield profitable be...
READ MORE
default post thumbnail
Remittix’s Strong Foundation Sets It Apart from Pi Coin—What Makes It Stand Out?
People who invest in cryptocurrency seek projects possessing resilience during market conditions alo...
READ MORE
Read more posts