This week in the cryptocurrency world has been nothing short of eventful. Key developments include the launch of Terra’s new investor claims portal, President Trump’s pardons for BitMEX founders, and issues facing Polymarket’s governance structure.
On March 31, Terraform Labs will launch an online claims portal designed specifically for investors affected by the collapse of the Luna (LUNA) token and TerraUSD stablecoin. This initiative allows investors to file claims for their losses until April 30 at 11:59 p.m. ET. It’s crucial for investors to be aware that submissions past the deadline will result in a forfeiture of recovery rights. The portal can be accessed at claims.terra.money.
In a surprising move, President Donald Trump has issued pardons to the three co-founders of the cryptocurrency exchange BitMEX: Arthur Hayes, Benjamin Delo, and Samuel Reed. This pardon comes after they pleaded guilty to violations regarding the Bank Secrecy Act, related to their failure in maintaining appropriate anti-money laundering and know-your-customer programs. This decision has sparked conversations about the future of regulatory practices in the crypto realm and their potential impact on market sentiment.
Another noteworthy development involves Polymarket, a popular crypto prediction market platform. The platform reported an alleged attack on one of its betting markets, where a manipulation of its UMA oracle provider may have occurred. This incident raised serious concerns about potential coordinated manipulation, particularly surrounding a significant bet related to the topic: “Ukraine agrees to Trump mineral deal before April?” This bet witnessed a dramatic shift in probability from 9% to 100% between March 24-25, alarming many market participants.
- The SEC has closed its investigation into Crypto.com, following a trend of other crypto firms having their inquiries dropped.
- Fidelity is taking strides into the market by filing for a new ETF that will track Solana prices.
- The Dogecoin Foundation has made waves by acquiring over $1.8 million in DOGE to bolster its reserve strategy.
- As for Tether, its new USDT0 stablecoin is now available on the Optimism ecosystem, signaling expansion and adaptability.
As we move forward, it’s evident that the cryptocurrency landscape is continuously evolving, with regulatory scrutiny and innovative solutions shaping its future. Stay tuned for more updates on these developments and their implications for investors and enthusiasts alike.
