Bitcoin has declined 1.75% this week, fluctuating between $82,162 and $88,474 amid prolonged market consolidation. Despite recent stagnation, historical data suggests a 75% probability of new all-time highs within nine months.
Network economist Timothy Peterson reiterated this bullish outlook on March 25, noting that BTC currently hovers near the lower 25% of its historical price range. His analysis aligns with a decade-long trend in which Bitcoin’s strongest rallies typically occur in April (+12.98%) and October (+21.98%) on average.
What are the top crypto news stories you have missed since last week? Here’s the recap of last week’s key developments you might have missed.
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TOP CRYPTO NEWS RECAP (March 23–29, 2025)
● Senators Raise Concerns Over Trump-Backed WLFI Stablecoin
● Three BitMEX Co-Founders Pardoned By Trump Government
● XRP ETF Approval Likely as Polymarket Bets Reach 85%
● Trump Media Partners with Crypto.com for Crypto-Focused ETFs
● Ripple Drops Cross-Appeal, to Receive $75M Refund in SEC Case
● Michael Saylor’s Strategy Surpasses 500,000 Bitcoin Holdings
Senators Raise Concerns Over Trump-Backed WLFI Stablecoin
Five Democratic senators, led by Elizabeth Warren, have urged regulators to address potential conflicts of interest surrounding WLFI, a crypto firm backed by President Donald Trump’s family. In a March 28 letter, they asked the Federal Reserve and OCC how they plan to oversee WLFI’s USD1 stablecoin. Their concerns stem from Trump’s executive order granting the White House influence over financial regulators alongside pending stablecoin legislation. WLFI, launched in 2024, has raised $550 million, with Trump and his family holding a 60% stake.
Three BitMEX Co-Founders Pardoned By Trump Government
US President Donald Trump has reportedly pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who had pleaded guilty to money laundering-related charges. A March 28 CNBC report states that the three were convicted in 2022 for failing to implement an anti-money laundering program and were sentenced to home arrest or probation. The White House has yet to confirm the decision. This follows Trump’s recent controversial pardons, including those involved in the Jan. 6 riots and Silk Road founder Ross Ulbricht.
XRP ETF Approval Likely as Polymarket Bets Reach 85%
Optimism is growing around an XRP exchange-traded fund (ETF) after the SEC dropped its appeal against Ripple. Ripple CEO Brad Garlinghouse confirmed on March 19 that the legal battle had ended, prompting ETF expert Nate Geraci to call an XRP ETF “obvious” and "a matter of time.” The crypto betting platform Polymarket now gives an 85% chance of approval in 2025. Despite this milestone, XRP’s price only rose 5%, as analysts say the news was already factored into the market.
Trump Media Partners with Crypto.com for Crypto-Focused ETFs
Trump Media has signed a non-binding agreement with Crypto.com to launch exchange-traded funds (ETFs) focused on digital assets and securities. The ETFs, set to debut later this year, will be offered through Crypto.com’s broker-dealer, Foris Capital US LLC, and may include Bitcoin, Ethereum, Solana, XRP, and Cronos. The initiative aligns with Trump Media’s fintech brand, Truth.Fi. However, the move raises concerns about potential conflicts of interest, as Trump-linked entities have already benefited from crypto ventures, including the controversial TRUMP memecoin.
Ripple Drops Cross-Appeal, to Receive $75M Refund in SEC Case
Ripple has agreed to drop its cross-appeal in its legal battle with the SEC, paving the way for the case’s conclusion. Chief legal officer Stuart Alderoty announced that while Ripple will still pay $125 million from an August 2024 ruling, the SEC will return $75 million. The agency will also request the lifting of an injunction against Ripple. The move follows the SEC’s decision to drop its own appeal. Ripple, which has been active in US politics, contributed $45 million to a pro-crypto PAC and $5 million to Trump’s inauguration fund.
Michael Saylor’s Strategy Surpasses 500,000 Bitcoin Holdings
During a recent market dip, Michael Saylor’s company, Strategy, acquired 6,911 Bitcoin for $584 million, bringing its total holdings to 506,137 BTC. According to a March 24 SEC filing, the company has spent approximately $33.7 billion on Bitcoin purchases, costing an average of $66,608 per BTC. This milestone follows Strategy’s recent $711 million preferred stock offering, set to settle on March 25. The company remains committed to its Bitcoin accumulation strategy despite global market concerns.
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