Last week brought a wave of optimism to the crypto market — but it didn’t last long. Over the weekend, Bitcoin suddenly reversed course, dropping to $81,976, pulling the entire market down with it. As the primary driver of crypto, BTC's dip also dragged altcoins lower — Ethereum, for example, briefly traded at $1,802. Still, there's no need to panic just yet — the market’s seen worse. Some altcoins remain resilient, but tension is in the air: U.S. inflation is climbing, and Donald Trump is threatening steep new tariffs. Here’s what happened this week:

Strategy Keeps Stacking Sats. Michael Saylor’s company Strategy added 6,911 BTC to its treasury at an average price of $84,529. Its total Bitcoin holdings now stand at 506,137 BTC.
GameStop Goes Full DeGen. In an unexpected move, GameStop plans to raise $1.3 billion via bond issuance to buy Bitcoin. While it may look more like an all-in bet than a measured investment strategy, one thing’s for sure — Michael Saylor is probably proud.
Oklahoma Goes Bitcoin. The Oklahoma House of Representatives approved a bill to establish a state Bitcoin reserve, signaling that the crypto wave is reaching deeper into U.S. local politics.
Fidelity Files for SOL ETF. Fidelity submitted an application to launch a Solana ETF on Cboe. If approved by the SEC, this could trigger a surge of institutional interest in SOL — although ETH-based products have yet to see a similar breakout.
HyperLiquid Hit by JELLYJELLY Drama. HyperLiquid delisted JELLYJELLY after a whale manipulated the protocol, risking a potential $240 million exploit. Fortunately, the damage was capped at $700K in reimbursements — but the lesson is clear: avoid low-liquidity assets.
Crypto.com and the CRO Mystery. On-chain sleuth ZachXBT accused Crypto.com of suspicious tokenomics after 70% of CRO’s burned supply mysteriously re-entered circulation, despite supposedly being destroyed in 2021. As always — trust, but verify.
dYdX Announces Buyback Plan. Decentralized exchange dYdX revealed it will begin buying back its token using 25% of protocol fee revenue. While the market remains skeptical, on paper it’s a strongly bullish move — if they follow through.
U.S. Inflation Expectations Rise Again. Five-year forward inflation expectations jumped from 3.5% in March to 4.1%, triggering red candles across crypto markets.
Trump Proposes 25% Auto Tariffs. Starting April 2, Donald Trump plans to introduce 25% tariffs on all vehicles and parts made outside the U.S. Bad for imports, good for Tesla? Investors are watching closely.
Elon Musk “Sells” Twitter to Himself? In a bizarre twist, xAI acquired Twitter from Elon Musk for $33 billion. Yes, he essentially sold it to himself. Genius, billionaire, entrepreneur — and now, the king of complex financial chess.
Terraform Labs to Begin Compensation. Starting March 31, victims of the LUNA/UST collapse can apply for compensation payouts. It’s the first sign that those burned by DeFi’s biggest implosion might see at least partial restitution.
SEC Continues to Retreat. The SEC withdrew lawsuits this week against Consensys, Cumberland, Kraken, and Crypto.com. The regulatory pressure is clearly easing — at least for now.
U.S. Banks Can Now Handle Crypto. The FDIC confirmed that U.S. banks no longer need special approvals to work with digital assets. This is a massive step toward mainstream crypto adoption and could fuel the next market growth cycle.
Trump Pardons BitMEX Founders. In yet another crypto headline from Trump, he’s officially pardoned all three BitMEX co-founders. Whether it’s campaigning or conviction, he seems determined to win the hearts of crypto voters.
USDC Hits All-Time High Market Cap. USDC’s market cap has surged to $60.18 billion, setting a new all-time high. Another sign that crypto is becoming increasingly mainstream, especially in the stablecoin sector.
New Stablecoin Alert: USD1 Launched. World Liberty Financial has launched USD1, a new dollar-pegged stablecoin. The competition is growing — but USDT and USDC still firmly dominate the field.
Upcoming major token unlocks:

SUI: $141.87M (2.0%)
W: $112.39M (47.3%)
ENA: $73.58M (4.0%)
OP: $22.81M (1.9%)
BIGTIME: $15.55M (18.4%)
ZETA: $12.75M (6.0%)

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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