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Good Morning,

Here's a quick preview of today’s content: Rumble makes strategic web3 moves after recent 9-figure investment from Tether, the first U.S.-bank stablecoin transaction was completed, “Hawk Tuah” girl reportedly getting her own documentary after memecoin scandal, Game Informer rises from the dead, Fidelity shaking things up with ETFs and stablecoins, a quantum secure chip for blockchains may already exist, and so much more.

Friday is near. And so is the bull run. Let’s dive in.

Thank you to our friends at Boxabl for sponsoring this newsletter – make sure to check them out!

Market Snapshot

As of 3/26/2025. Data per CoinMarketCap.

  • OpenAI’s new image generator for ChatGPT triggers a Studio Ghibli (think Spirited Away cartoon style) fest across all of social media – someone even recreated all of the wildest crypto moments here

    • In classic degen crypto fashion, many Ghibli-themed tokens launched in a matter of minutes

    • The largest by market cap, Ghiblification (GHIBLI) has reached a market cap of $20.80M since it went live 19 hours ago, according to DEX Screener

      • At the time of writing, it is trading at $0.02083, up approximately +39,010% since it was created.

Headline Roundup
The major headlines driving crypto markets

  • Bitcoin mining stocks decline following Microsoft's data center announcements (CT)

  • Fidelity announces creation of their own stablecoin, see all details here

  • Rumble launches USDT wallet for creator payments after $775M investment from Tether (TD)

  • After months of hiding, 'Hawk Tuah' girl Hailey Welch to be profiled in upcoming documentary (DC)

  • Polymarket whale's Trump-Ukraine bet raises governance concerns (CT)

  • SEC chair nominee Paul Atkins held shares in Securitize and Anchorage Digital, financial disclosures reveal (TB)

  • SEC plans four more crypto roundtables on trading, custody, tokenization, and DeFi (CT)

  • Congressman Ro Khanna says Democrats are changing their stance on Bitcoin (BM)

  • KYC integration on Uniswap by PureFi faces skepticism (CT)

  • Custodia Bank executes first bank-issued stablecoin transaction in the US (CT)

  • Azuki trading card game packs NFT integration (BW)

  • BlackRock's BUIDL reaches $1.8B in 3 weeks as Bitcoin lacks momentum (CT)

  • PumpSwap emerges as large AMM on Solana (BW)

  • USDC supply reaches $60B, doubling in a year and outpacing Tether's growth (TD)

  • Crusoe Energy is selling its bitcoin mining business to NYDIG in order to put all its efforts into artificial intelligence infrastructure (CNBC)

  • Celo completes transition to Ethereum Layer 2 on March 26, 2025 (TD)

  • Crypto sleuth ZachXBT accuses Crypto.com of fraud following Trump partnership (BT)

  • Ethereum Name Service teams up with Para Wallet to simplify registration (TD)

  • Hyperliquid delists Jelly perpetuals citing suspicious activity (CT)

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M&A Announcements

  • Stablecoin issuer Tether agreed to acquire a 30% stake in Italian media company Be Water, investing ~$11M (BBG)

  • Gunzilla acquires gaming publication Game Informer (GG)

  • Web3 mobile shooter Cantina Royale was acquired by BoomLand (BCG)

  • Supra announces acquisition and rebrand of on-chain data platform Blockpour, now known as OpenBlocks.ai (AI)

Launches

  • Bitso launches Mexican peso-pegged stablecoin on Arbitrum (CT)

Venture Capital

  • Tarta Labs, a Singaporean startup building a next-gen anime IP ecosystem, raised a $4.5M pre-seed round led by BITKRAFT Ventures (FN)

  • CoreSky, a meme coin incubation platform, raised a $15M Series A led by Tido Capital (CD)

  • Immortal Rising 2 secures $3M in funding and concludes successful NFT sale ahead of TGE (CD)

  • Crypto venture firm Hack VC launches a community-based investment model, Echo (PA)

  • Coinbase Ventures expresses optimism on stablecoins and DeFi and states it will continue to invest heavily through all market conditions (CT)

  • Blockchain data provider Chronicle raised a $12M seed round led by Strobe Ventures (CD)

Regulation

  • Fidelity's stablecoin launch and Solana ETF serve as regulatory litmus tests (CT)

  • North Carolina introduces twin bills for crypto in state retirement funds (CT)

  • Wyoming expected to have state issued stablecoin by summer (BB)

  • Arkansas Republican French Hill alludes that revised crypto legislation is ready to hit Congress floor (TB)

Cybersecurity

  • SEALSQ Corp (ticker: LAES) announces post-quantum secure chip to protect blockchains (ST)

  • Google Play blocks 17 unregistered crypto exchanges in South Korea (CT)

  • Binance movement by market maker under investigation (BW)

  • Abracadabra Finance restored 50% of losses from $13M hack, with 20% bounty (CN)

  • Survey suggests hesitation of global adoption of crypto payments due to hack threats (BT)

Extra Reads

Chart of the Day

Memecoin reversal? Solana memecoin launchpad Pump.fun sees 60% downtick in total tokens created since it’s peak in January

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

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