March 22, 2025
Weekly Recap: Markets Flat, An Industry Buoyant thumbnail
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Weekly Recap: Markets Flat, An Industry Buoyant

Cardano, Bitcoin, Xrp, and Kraken Continued to make the News.”, – WRITE: www.coindesk.com

Cardano, Bitcoin, Xrp, and Kraken Continued to make the News. Mar 21, 2025, 3:42 PM UTC

Markets-Wise, Crypto Was Flat this Week. Bitcoin Was Rangebound ($ 83,000 to $ 84,000). And the COINDESK 20, WHICH TRACKS ABOUT 80% of the Market, Stayed at About 2.600. Crypto Prices Suffired from Being Increasing Correlated with the Wider Financial Markets, Which Are Down on Tariff Wores and Decreasted Corporate Earns. Some Even Said the Bitcoin Bull Market Was Over.

But Markets, of Course, Only Tell Part of the Crypto Story. There Was a ton of Stuff hapening and Much of It Was Positive For the Industry’s Future.

On the Regulatory Front, Washington Agencies Are Gearing Up for And Historic “Market Structure” Bill in Congress, Jesse Hamilton Reported. Paul Atkins, Someone Who Knows Crypto Intimately, Is Nearing Confirmation As Sec Chair, AS IS OCC PICK JONATHAN Guld. Congress Continues Hearings on a Stablecoin Bill, As Tether Continues to Show It Systemic Importance (Kris Sandor Reported). EU Officials Are Fussing About USD Hegemony of Stablecoins, and Are Readying Plans for A Digital Euro or CBDC (Jamie Crawley).

Eric Trump Joined Metaplanet, Japan’s Answer to Michael Saylor’s Microstrategy, As The Trump Family Continues to Bet Privately and Publicly on Crypto’s Success.

Our Reporters Did Some Great Deep-Dives on Protocol Projects. Oliver Knight Lifted The Lid on Cardano’s Price Surge Following Ada’s (Sort of) Inclusion in A Putative National Crypto Reserve. Interestingly, that Project Doesn’t Measure Success in Total Value Locked (TVL), an OtherWise Universal Metric, Preferring Real-World Use Cases.

Danny Nielson LOOKED AT PUMP.FUN’S ASPIRATIONS TO DOMINATE DEFI Trading on Solana Defi (Following It Domination of Solana’s Memecoin Issuance).

Meanwhile Bitcoin Miners Are Feeling The Pinch of Lower Hashrates and Deckling Transaction Fees, Which Has Erased Post-Election Gains, Tom Carreras Reported.

Jamie Crawley Explored the Efforts of Bitcoin Developers to Introduce Zero-Knowledge Proofs to that Blockchain. (TLDR: It’s Hard to Soft-Fork Blockchains with Decentralization As Good As Bitcoin’s).

Our Asia Team Continued to Kill It, Particularly in Markets Coverage. Resident Technical Analysis Wiz, Omkar Godbole, Correctly Reported On the Fed Econom Qt as Well as Highlighting How The Turkish Lira’s Flash Crash Led Turge in Bitcoin Vitcoin.

Shaurya Malwa Continued His Strong Reporting on XRP, Writing About Ripple Boss Brad GarlingHouse’s Comments on Xrp’s CHANCES OF BEING ADDEDED to the Strategic Reserve and on Riple. Malwa Also Reported on Raydium’s Plan to Start a Pump.Fun Rival.

Sam Reynolds, Who Is Based in Hong Kong, COVED NORTH DAKOTA PASSING A CRYPTO ATM Bill As Well As Reporting on How The Man Who Stabbed Haru Invest Ceund Cold.

And Lastly, Parikshit Mishra’s Swift Coverage of Kraken Buying Ninjatrader for $ 1.5 Billion Trumped Mosst of the Competition.

IT WAS ONE OF TOSE Weeks WHEN A LOT HAPPENED UNDER The HOOD. Prices may be in a plateau. But The Industry Continued to Move Forward on Lots of Fronts.

Benjamin SchillerBenjamin Schiller is Coindesk’s Managing Editor for Features and Opinion. Previously, He Was Editor-In-CHIEF at Breaker Magazine and A Staff Writer at Fast Company. He Holds Some Eth, BTC and LINK.

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Benjamin Schiller

Parikshit MishraParikshit Mishra is Coindesk’s Regional Head of Asia, Managing The Editorial Team in the Region. Before joining coindesk, he was the Emea Editor at Acuris (Mergermarket), Whote He Dealt with Copies Related to Private Equity and The Startup Ecosystom. He have also worked as an senior Analyst for Crisil, Covering the European Markets and Global Economies. His most notable tenure was wass with Reuters, Whote HE Worked as A Correspondent and An Editor for Various Teams. He does not have any crypto holdings.

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Parikshit Mishra, Regional Head of Asia, Coindesk at Consensus Hong Kong 2025. (Coindesk)

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