Terra unveils new portal, Trump pardons BitMEX founders, Polymarket suffers attack | Weekly Recap
Recap
Today’s edition of the weekly recap covers the opening of Terra’s investor claims portal, President Trump’s latest crypto pardon, and Polymarket’s governance issues.
Terra opens investor claims portal
- Terraform Labs will launch an online system on March 31, allowing investors to file claims for losses related to the collapse of the Luna (LUNA) token and TerraUSD stablecoin.
- Investors must submit claims by April 30 at 11:59 p.m. ET through claims.terra.money, with late submissions forfeiting recovery rights.
Trump pardons BitMEX founders
- President Donald Trump issued pardons to three co-founders of cryptocurrency exchange BitMEX: former CEO Arthur Hayes, Benjamin Delo, and Samuel Reed.
- The executives had previously pleaded guilty to violating the Bank Secrecy Act for failing to maintain proper anti-money laundering and know-your-customer programs.
SEC ends Crypto.com investigation
- Crypto.com announced Thursday that the Securities and Exchange Commission has closed its investigation into the exchange.
- This conclusion is the latest major crypto firm to have SEC probes dropped. Others reportedly include Immutable, Crypto.com, Ripple, Coinbase and “Hawk Tuah Girl.”
Hyperliquid expands to spot trading
- The decentralized exchange has implemented direct deposits and withdrawals for spot trading, according to Thursday’s announcement.
- On Wednesday, the decentralized exchange also suffered another whale manipulation event when a user shorted the Solana (SOL) meme coin JELLY while a whale simultaneously dumped the token on DEXs.
USDT0 stablecoin extends to Optimism ecosystem
- Tether’s USDT0 stablecoin is expanding across Optimism’s Superchain following its successful launch on Kraken’s Ink layer 2 network.
- According to Thursday’s announcement, USDT0 is now live on OP Mainnet with additional launches planned in the near future.
Sam Bankman-Fried gets transferred
- According to Thursday’s update on the Federal Bureau of Prisons website, the former FTX CEO has been moved to the Oklahoma City Federal Transfer Center.
Wyoming plans state-issued stable token
- Governor Mark Gordon announced the crypto-friendly state’s intention to issue its own “stable token” at Wednesday’s Digital Chamber DC Blockchain Summit.
- The Republican governor cited Wyoming’s “right ecosystem for development” and responsive government as advantages, noting “we can turn on a dime, we can make things happen.”
Polymarket acknowledges governance attack
- The crypto prediction market platform stated it is “aware” of an alleged attack on one of its betting markets, possibly involving manipulation of its UMA oracle provider.
- Between March 24-25, a $7 million bet titled “Ukraine agrees to Trump mineral deal before April?” suddenly shifted from 9% to 100% probability, raising concerns about coordinated market manipulation.
SEC closes Immutable investigation
- The SEC has ended its investigation into Australian crypto company Immutable, which had received a Wells notice in October.
- The now-closed investigation had involved Immutable itself, the IMX Ecosystem Foundation, and the company’s CEO, with the Wells notice previously signaling potential charges.
Fidelity plans Solana ETF
- The $5 trillion asset management firm filed with the SEC on Tuesday to create an exchange-traded fund tracking Solana prices.
- Cboe Exchange submitted a 19b-4 filing to list the proposed Solana ETF, following Fidelity’s registration of a Solana Fund in Delaware the previous Thursday.
Dogecoin Foundation acquires $1.8 million in DOGE
- The Foundation’s corporate arm, House of Doge, purchased over 10 million dogecoin as part of a broader Dogecoin (DOGE) reserve strategy.
- House of Doge, formed in February with a five-year operating agreement, aims to reposition DOGE as a practical payment currency rather than primarily a memecoin.
