Crypto experienced intense events this week that gave off storm-like electricity. The market saw Coinbase make big acquisition plans while Ripple obtained freedom from SEC restriction in a dynamic cryptocurrency environment. South Korea launched an enforcement operation, while Dubai implemented a program for tokenized property transfers. Buckle up, here’s the rundown.
Crypto Wild Week
- Coinbase Initiated Acquisition Talks with Deribit While Keeping an Eye on the Possible $4-5 Billion Value of the Dubai Derivatives Firm.
- Kraken funds a $1.5 billion acquisition of NinjaTrader to establish a continuous U.S. futures trading operation.
- Ripple CEO Brad Garlinghouse announced on X that the company had won its four-year regulatory battle with the SEC.
- The Financial Intelligence Unit of South Korea plans to impose sanctions soon against exchanges operating without registration.
- Dubai attempted a Blockchain innovation by permitting the Dubai Land Department to test digital property registrations throughout the Middle East.
The news appeared on Reuters.com on March 23rd, shortly after China’s Premier Li Qiang warned about trade war uncertainty at the China Development Forum. Electronic tension affects Coinbase stock’s value because an M&A acquisition might mitigate predicted price declines.
The Bitcoin advisory board of Metaplanet has chosen Eric Trump, son of the American president, for its membership. LG’s NFT platform existed for three years before the company decided to move on from the project in pursuit of fresh market strategies. Ethereum’s Holesky test net will receive its final goodbye in September following validator exits during the Pectra upgrade turbulence.
Dan Chen joined Gemini as the new CFO at a time when the company faces increasing IPO possibilities. ZachXBT discovered that established fraudster William Parker profited $6.8 million from Bitcoin long before Trump introduced crypto reserves, while Bitcoin markets rose 0.92% (you can check links). According to this source, the value of ETH stands at 0.97%. The Tornado Cash sanctions have been officially lifted by the U.S. Treasury, which brings positive benefits to mixers.
A previous increase in Chinese tariffs caused us to feel jitters. Similar trade war dynamics stemming from Trump are currently threatening the crypto market. The Bitcoin treasury continues operating despite new moves from regulators against Ripple, as South Korea demonstrates that authorities still control cryptocurrency activities. April’s the next checkpoint—stay sharp.
