Crypto Weekly Roundup: FDT Fallout, Circle IPO, & Extra

Justin Solar’s insolvency accusations towards First Digital Belief (FDT) shook the crypto market. The Tron founder urged customers to withdraw funds, resulting in a brief depeg of FDUSD. 
In the meantime, Circle has initiated its second try at an IPO because the USDC issuer filed its prospectus with the Securities and Alternate Fee (SEC). The stablecoin issuer goals for a $5 billion valuation because it navigates a risky market fraught with regulatory challenges.
In the meantime, Shibarium hit 1 billion transactions inside two years of launch, and the Trump household is continuous to develop its footprint within the crypto ecosystem. Let’s recap a number of the greatest tales from the week.
Bitcoin
Bitcoin proxies Technique, Metaplanet, and Boyaa may very well be prepared to interrupt out and head considerably larger. Technique just lately made a $1.92 billion BTC buy, giving it an assailable lead over different Bitcoin-oriented corporations. In the meantime, Boyaa has quietly established itself as the most important holder of BTC in Asia and Metaplanet has acquired a lease of life after following in Technique’s footsteps.
DeFi
The Graphite Community launched its Market Staking Program on March 31, 2025. This system is an progressive mannequin that rewards energetic merchants fairly than passive holders, reflecting a big change ongoing within the DeFi area the place energetic staking has overtaken passive staking as the popular strategy for merchants.
Following “Good Cash” may very well be one of many greatest methods beginner crypto merchants and traders can keep away from the pitfalls that include taking part in a extremely risky market. The Good Cash Idea is predicated on the concept some well-informed traders make extra strategic choices.
Expertise
This week, the Shibarium blockchain accomplished a billion transactions. The Layer2 blockchain for the Shiba Inu ecosystem reached the milestone simply 18 years after launch, highlighting its rising adoption and strong efficiency. It additionally highlights the SHIB ecosystem’s utility and helps the token’s burn mechanism, driving the token’s long-term worth.
Enterprise
In a groundbreaking improvement, SpaceX has despatched a crew of 4 personal astronauts on a trajectory by no means tried by people. The mission takes the astronauts in an orbit over the North and South poles. The mission, known as Fram2, is financed and commandeered by crypto entrepreneur Chun Wang.
USDC issuer Circle has filed for an IPO with the USA Securities and Alternate Fee, aiming for a valuation of $4-$5 billion. The corporate expects to launch its IPO by June, with JPMorgan Chase and Citigroup serving as lead underwriters.
The Trump household continues to develop its crypto footprint with Eric Trump and Donald Trump Jr’s newest endeavor, American Information Middle. The agency has introduced a partnership with Hut8 to launch American Bitcoin. The mining enterprise goals to grow to be a number one Bitcoin miner and construct a strategic Bitcoin reserve.
Grayscale Investments has filed to record an exchange-traded fund holding a basket of spot cryptocurrencies. The Grayscale Digital Giant Capital Fund has a crypto index portfolio that features BTC, ETH, SOL, XRP, and ADA.
Sony Electronics has partnered with Crypto.com to facilitate USDC funds on its Singapore on-line retailer. The partnership will enable internet buyers in Singapore to pay for Sony electronics utilizing crypto.
Tron founder Justin Solar has accused First Digital Belief (FDT) of insolvency and urged customers to withdraw their funds. The accusations brought on panic out there and led to a brief depeg of the FDUSD stablecoin. FDT has denied the claims, calling Solar’s statements a smear marketing campaign.
Constancy Investments has launched three main zero-fee retirement plans that enable US-based traders publicity to Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Constancy shoppers can put money into these belongings through particular person retirement accounts.
Web3
COTI launched a brand new builder platform shortly after the launch of its new mainnet. The Say COTI platform supercharges dApp deployment on COTI’s privacy-enabled L2, making it simpler for builders to show their concepts into actuality in report time.
The Bybit hack was the most important digital asset theft in historical past and marked a pivotal second within the evolution of safety within the crypto trade. The hack challenged most of the basic assumptions most consultants held about crypto safety.
Safety
A brand new Android malware known as Crocodilus is utilizing social engineering ways and accessibility to steal cryptocurrency pockets credentials. The malware is primarily focusing on Android customers in Spain and Turkey.
Regulation
The US Securities and Alternate Fee has confirmed that stablecoins backed by money or cash-equivalent reserves and redeemable for US {Dollars} on a one-to-one foundation usually are not securities underneath federal legislation.
BlackRock, the world’s largest asset supervisor, has secured registration with the UK’s Monetary Conduct Authority (FCA). The registration permits the asset supervisor to behave as an arranger for the iShares Digital Property AG, which points ETPs.
The Federal Deposit Insurance coverage Company (FDIC) has reversed its coverage requiring banks to hunt permission earlier than participating in crypto-related actions. The reversal permits banks to supply crypto and different permitted crypto companies with out prior regulatory approval.
Disclaimer: This text is offered for informational functions solely. It's not provided or meant for use as authorized, tax, funding, monetary, or different recommendation.