It’s been a turbulent week for crypto. Bitcoin is down nearly 20% year to date as the ongoing US–Israel-Iran war pushes traders into full risk-off mode, dragging stocks and BTC ETFs into record outflows.
Meanwhile, Gemini is facing a shareholder lawsuit after its IPO cratered by 75%, and Moody’s made history by issuing live credit ratings on the blockchain for the first time. Elsewhere, DOGE ETFs are flatlining, BlockFills is bankrupt, and PayPal is quietly expanding its stablecoin to 68 new countries.
It’s all in this week’s recap; read on for the full breakdown.
FTX’s Fourth Creditor Payout Hits on March 31
FTX will distribute $2.2 billion to creditors on March 31, pushing total repayments toward $10 billion. Payments go out via BitGo, Kraken, or Payoneer in US dollars, with some creditor classes hitting 100% recovery. A fifth distribution is already scheduled for May 29.
Render Coin Eyes Breakout as 60,000-GPU Network Proposes to Join
Render is trading at $1.68, consolidating after an 18.75% monthly gain, while a major governance proposal looms. Salad, a distributed compute network with 60,000 daily active GPUs across 190 countries, has formally proposed joining Render as an exclusive subnet, routing all payments through RENDER tokens and feeding revenue into its token-burning model.
Gemini Faces Investor Lawsuit After IPO Collapse and Strategy U-Turn
Gemini is being sued by shareholders who claim the Winklevoss-run exchange misled them during its 2025 IPO by hiding a planned pivot to prediction markets. Since listing at $28, the stock has crashed by more than 75% to around $5.60, while the company posted a $582 million loss and cut 25% of its staff.
World Liberty Financial Launches AgentPay to Let AI Agents Handle Money
World Liberty Financial has released AgentPay, an open-source SDK that gives AI agents their own wallets to send and receive USD1 stablecoin across Ethereum and other EVM networks. It includes built-in spending limits, local key management, and human approval triggers, targeting the growing need for autonomous agents to transact independently.
DOGE ETFs Flop as Dogecoin Forms Ominous Bearish Pattern
Dogecoin is hovering near $0.094, its lowest since August 2024, after dropping over 80% from its peak. Spot DOGE ETFs have seen zero inflows since March 16, raising a total of $7.6 million. Technically, DOGE has formed a multi-year head-and-shoulders pattern, with analysts eyeing a potential drop to $0.05.
NVIDIA’s Jensen Huang Mentions Bittensor, TAO Jumps 17%
Bittensor’s TAO token surged 17% to around $298 after NVIDIA CEO Jensen Huang and investor Chamath Palihapitiya discussed decentralized AI training on the All-In Podcast, referencing a model built on Bittensor’s network. The token is now testing key resistance at $302, with analysts eyeing a potential move toward $360–$370.
Coinbase Stock Could Rally 40% on Multiple Tailwinds
Coinbase shares have surged 50% from February lows to $210, driven by Bitcoin’s recovery, rising ETF inflows, and rapid USDC growth, now at an $81B market cap. As the crypto industry’s largest ETF custodian and a key Circle partner, COIN looks technically primed for a further 40% climb toward $295.
Moody’s Takes Credit Ratings On-Chain for the First Time
Moody’s has launched the Token Integration Engine, pushing its credit ratings directly onto the Canton Network blockchain in real time. Major institutions like Goldman Sachs, HSBC, and DTCC already use Canton. Moody’s plans to expand to other blockchains over time, potentially making on-chain credit ratings standard for tokenized assets.
Cardano Connects to 160+ Blockchains via LayerZero
Cardano has integrated with LayerZero, enabling it to connect to over 160 blockchains, including Ethereum and Solana. The upgrade opens access to roughly $90 billion in cross-chain liquidity and makes 700+ tokens eligible for deployment on Cardano, ending years of near-total isolation. Real impact, however, depends on developer and user adoption.
UK Parliament Calls for Immediate Ban on Crypto Political Donations
A UK parliamentary committee is urging the government to ban crypto donations to political parties, warning they make it too easy for foreign actors to secretly funnel money. Reform UK is currently the only party accepting them. MPs want the ban written into the upcoming elections legislation before stronger safeguards are in place.
PayPal Expands PYUSD Stablecoin to 68 New Countries
PayPal is rolling out its PYUSD stablecoin across 68 new markets, mostly in Asia-Pacific and Africa, where remittances are slow and expensive. Local partners can now receive PYUSD settlements and payout in local currencies. The move enables 24/7 cross-border transfers on blockchain rails while recipients still receive regular fiat.
Argentina Bans Polymarket Over Unlicensed Gambling and Insider Trading Fears
Argentina has ordered ISPs to block Polymarket nationwide, with Google and Apple told to pull the app from local stores. Regulators treated it as an unlicensed betting site, and suspicions grew after odds on Argentina’s inflation data shifted sharply minutes before the official government release.
T. Rowe Price Files for Multi-Asset Crypto ETF
T. Rowe Price has filed an amended SEC registration for an actively managed crypto ETF that could hold up to 15 digital assets, including Bitcoin, Ethereum, Solana, and even Dogecoin. Unlike passive spot ETFs, the fund uses quantitative analysis to pick holdings. Anchorage Digital will handle custody, with staking possible pending regulatory clarity.
Polkadot Surges 12% After Major Tokenomics Overhaul Cuts Supply Growth in Half
Polkadot jumped 12% to $1.59 after its tokenomics overhaul took effect on March 14, capping DOT supply at 2.1 billion tokens and slashing annual emissions by 53%. The upgrade, passed through on-chain governance, restructures staking to rely more on fee revenue. DOT also leads all blockchains in year-to-date developer commits, with roughly 700,000.
BlockFills Files for Bankruptcy After Freezing Customer Funds
Chicago crypto lender BlockFills has filed for Chapter 11 bankruptcy after freezing customer withdrawals in February and facing a lawsuit from major creditor Dominion Capital over alleged misuse of client funds. The firm reported assets of $50–$100 million against liabilities of up to $500 million, leaving a roughly $77 million shortfall.
