The recent crypto market follows Terra’s claim program, while Trump’s BitMEX group pardons lead to Polymarket’s temporary shutdown | Crypto Review
During the last week of March 2025, Crypto remains suspended on wild swings. This review breaks down the digital asset sector turbulence through Terra’s rescue strategy for its burned investors alongside Trump’s issuance of controversial pardons and the investigation that targeted Polymarket during the last week of March 2025. Buckle up—here’s what went down.
The Terra Claims Portal established a small hope for redemption before its tight deadline.
The Terraform Labs organization extends relief support to investors who faced losses in the 2022 Luna and TerraUSD (UST) fiasco. From March 31, Terra launched claims.terra.money as a web-based portal for victims to file their loss claims, giving only a brief submission period. Availability for stakeholder claims will run through April 30 until 11:59 PM E,T after which all remaining opportunities to file will be closed. Late filers? Zero recovery. A tough renovation process targets a project that lost billions while relying on assets seized from Do Kwon to pay $4.47 billion to settle with the SEC. The portal must demonstrate whether it functions to restore damaged relationships or amplifies existing conflicts.
Trump Pardons BitMEX Founders: Crypto’s Get-Out-of-Jail Card
Through a presidential act, President Donald Trump liberated BitMEX co-founders Arthur Hayes and his colleagues Benjamin Delo and Samuel Reed from legal consequences. On their previous visit to the authorities in 2022, the trio officially admitted their failure to perform Bank Secrecy Act duties, which included omitting essential anti-money laundering and KYC checks. The developers have received a pardon, leading to both applause and negative reactions. Some users view the pardons as support for the crypto space, but X community members interpret them as inadequate legal action. The Trump administration’s tactics with digital assets remain unclear since this pardon looks like something extraordinary rather than a plan for the future.
SEC Backs Off: Crypto.com and Immutable Breathe Easy
The SEC currently shows restrained behavior in its policies. Crypto.com delivered the news of ending its investigation through a March 27 announcement while facing no legal action. The removal of legal investigations represents the newest case in a series that includes Immutable, Ripple, Coinbase, and “Hawk Tuah Girl.” Immutable’s legal dispute was settled with the SEC after the October Wells notice by providing a full settlement for the firm, its foundations, and its CEO, Robbie Ferguson. The SEC stands between a dimmer enforcement stance and strategic decisions in picking its targets.
The Spot version of Hyperliquid enters the market while facing challenges with large player transactions
The spot trading, spot deposit, and withdrawal system of Hyperliquid launches on March 27. The decentralized exchange (DEX) demonstrates strength in operation, yet experiences operational disturbances. Both a whale and another user, at different times, seemingly triggered market disturbance by selling off JELLY Solana and short-selling it the previous day. Manipulation or just DEX life? The expansion demonstrates that Hyperliquid wants to pursue major goals while operating in a highly competitive market.
Tether’s USDT0 Spreads Wings on Optimism
USDT0 stablecoin from Tether continues its expansion by integrating with Optimism’s Superchain soon after the Kraken Ink Layer 2 launch. On March 27, the platform launched its operation on the OP Mainnet, and additional releases are anticipated. The stablecoin flow improvements via multiple chains may help USDT0 compete alongside its $140 billion USDT stablecoin peer.
The profitable shift by SBF leads him to establish his base at Oklahoma City Transfer.
FTX founder Sam Bankman-Fried continues his movement between different locations after his downfall. The Federal Bureau of Prisons made an update on March 27, which showed that Bankman-Fried now resides at the Oklahoma City Federal Transfer Center. The ex-CEO experienced a 2022 business collapse, yet he started a new phase, which remains silent on its reasons. X users debate whether SBF will transfer to a halfway house institution in the future.
Wyoming’s Stablecoin Dream Takes Shape
The executive of Wyoming State, Mark Gordon, actively pursues cryptocurrency initiatives. During the Digital Chamber DC Blockchain Summit’s Wednesday meeting, Gordon announced Wyoming’s initiative to issue a state-supported stable token program. Gordon declared that this move made his state flexible enough to switch directions quickly while emphasizing its openness to crypto technologies. Wyoming is currently conducting tests to determine if it will launch the first stable token before other states in July.
Polymarket Introduced Governance Crisis as Its Wild Ride Began
A major issue affected Polymarket’s prediction market operations. Between March 24 and 25, the $7 million betting market on “Ukraine agrees to Trump mineral deal before April?” skyrocketed from 9% to 100% based on suspicious activity. Platform administrators revealed the situation through their disclosure to their UMA oracle provider. Coordinated or glitch? X users condemn Polymarket for its discordant crypto betting system, which became a major black eye for the platform.
Fidelity’s Solana ETF Bet
Fidelity’s eyeing Solana. An application for a Solana ETF through spot trading appeared at the SEC on March 25 from Fidelity, as Cboe Exchange submitted its 19b-4 listing form. The Solana Fund, registered by Fidelity in Delaware, occurred shortly after its Delaware filing last week. Once approved, Solana ETFs would become the third alternative coin addition besides Bitcoin and Ethereum ETFs that will enter mainstream investment pools.
Dogecoin’s $1.8 Million Power Play
The corporate arm of the Dogecoin Foundation, House of Doge, made a $1.8 million acquisition of 10 million DOGE units. House of Doge launched its operation in February 2022 to transform Dogecoin from a meme coin into the leading payment system through its five-year advisory mission. The proposition seems like a well-planned reserve strategy, but it faces difficult acceptance odds.
Strategy Bitcoin Haul Tops 500K
The digital currency acquisition program led by Michael Saylor continues to expand its operations without any signs of stopping. This week, Strategy purchased 6,911 Bitcoins worth $584.1 million, averaging $84,529 per token. The company now holds 506,137 BTC, which it acquired for $33.7 billion since 2020. The current price of Bitcoin ($86,024) demonstrates the investors’ confidence that Bitcoin will maintain its position in the market.
