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OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp. — with investors including Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital Management in talks to participate, according to people familiar with the matter.
The deal is set to value the company at $300 billion.
https://www.bloomberg.com/news/articles/2025-03-26/openai-close-to-finalizing-its-40-billion-softbank-led-funding
Musk, Altman, and others posted AI-generated Ghibli-style images on X. Shortly after, the Ghiblification memecoin was launched.
https://x.com/elonmusk/status/1905025427384807617
Wyoming Stable Token WYST Enters Critical Testing Phase
As the Commission intends to launch WYST on blockchains that are publicly visible, the Commission can now share smart contract addresses on Avalanche, Solana, Ethereum, Arbitrum, Optimism, Polygon, and Base testnets.
These preliminary and value-less test tokens have been deployed in collaboration with token issuance partner LayerZero.
Testing is expected to occur throughout the second quarter of 2025, with a potential launch in July 2025.
https://content.govdelivery.com/accounts/WYGOV/bulletins/3d8d97a
Bitget CEO: "Hyperliquid may be on track to become FTX 2.0.
The way it handled the JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its integrity. Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors.
The decision to close the JELLY market and force settlement of positions at a favorable price sets a dangerous precedent. Trust—not capital—is the foundation of any exchange (CEX and DEX alike), and once lost, it’s almost impossible to recover.
Moreover, the platform's product design reveals alarming flaws: mixed vaults that expose users to systemic risk, and unrestricted position sizes that open the door to manipulation. Unless these issues are addressed, more altcoins may be weaponized against Hyperliquid—putting it at risk of becoming the next catastrophic failure in crypto."
https://x.com/GracyBitget/status/1904941729834557453
Senate votes to repeal controversial IRS rule, Trump expected to sign
The rule required certain "decentralized finance industry participants" to operate like traditional securities brokers, mandating that they collect and report user trading data. It also would have obligated them to issue Form 1099 tax returns to customers, reporting non-employment income.
https://www.theblock.co/post/348358/senate-votes-to-repeal-controversial-irs-rule-trump-expected-to-sign
Solana DEX Raydium's Pump.fun Alternative LaunchLab Is Going Live 'Within a Week'
https://decrypt.co/311650/raydium-pump-fun-competitor-launchlab
💧 Recent Investments by Crypto Founders
👉 https://dropstab.com/investors
Brendan Blumer, CEO of Block․one, the company behind EOS, has bought a $172 million villa in Italy
https://www.unionesarda.it/news-sardegna/gallura/il-ragazzo-doro-delle-criptovalute-e-il-nuovo-proprietario-di-villa-romazzino-a-porto-cervo-q4wt7to4
Elon Musk Confirms Grok Launch on Telegram
https://x.com/elonmusk/status/1904838704838905908
The WCT transfer capability will be launched in April
https://x.com/WalletConnect/status/1904823370765513193
Fidelity plans to launch its own stablecoin
https://x.com/cointelegraph/status/1904769248918200606
The SEC Crypto Task Force will host four more crypto roundtables.
These meetings will be held on April 11th, April 25th, May 12th and June 6th.
https://x.com/cointelegraph/status/1904699827923173558
SEC Drops Investigation into Web3 Gaming Firm Immutable
https://www.coindesk.com/policy/2025/03/25/sec-drops-investigation-into-web3-gaming-firm-immutable
The SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50M of the $125M fine, with the balance returned to Ripple.
https://x.com/s_alderoty/status/1904587116488917053
US FDIC moves to put an end to 'reputational risk' following criticism from crypto industry
https://www.theblock.co/post/348014/us-fdic-moves-to-put-an-end-to-reputational-risk-following-criticism-from-crypto-industry
Tether Holdings SA has agreed to acquire a 30% stake in Italian media company Be Water, investing about €10 million
https://www.bloomberg.com/news/articles/2025-03-26/tether-is-buying-a-30-stake-in-italian-media-company-be-water
Bitcoin Ordinals project Taproot Wizards opens up it's Dutch Auction to SOL on March 27
starting price: 0.420 BTC (about 260 SOL)
price decreases 0.01 BTC (about 6.25 SOL) every 3 minutes
Yakovenko showed his support for the project by setting Taproot Wizards as his profile picture.
https://x.com/TaprootWizards/status/1904942494715879680
Ozean has partnered with Maple
SyrupUSDC is Maple’s yield-bearing stablecoin and will be integrated into Ozean’s Pre-Deposit Campaign and Port.
https://x.com/clearpoolfin/status/1904881028529086602
Hyperliquid suffered its second whale manipulation event in two weeks on Wednesday as a user shorted Solana memecoin JELLYJELLY on the decentralized exchange, forcing the protocol to assume hefty losses shortly after.
Wallet address "0xde96" opened a short position on JELLYJELLY while a whale dumped the memecoin on DEXs, which crashed the token's price and forced Hyperliquid's HLP vault to take over the initial short position. The newly created wallet "0x20e8" then longed the token. The strategy exacerbated HLP’s unrealized losses to about $12 million, according to Lookonchain data.
While Hyperliquid raced to contain the situation, some users on social media suggested centralized exchanges that compete with Hyperliquid should list JELLYJELLY futures contract to incentivize more trading and possibly cripple the rival exchange. There was speculation that if the memecoin's price hit a certain level, it could wipe out the HLP vault.
Within an hour or so, Binance and OKX listed perpetual futures trading for JELLYJELLY. However, at the same time, Hyperliquid halted JELLYJELLY trading and froze the contract. "After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps," the protocol announced.Hyperliquid's native token dropped as much as 22% during the incident.
https://www.theblock.co/post/348314/hyperliquid-delists-jellyjelly-memecoin-amid-whale-manipulation-fiasco
Pavel Durov shared quotes about The Open Network (TON) from prominent investors
/channel/durov/406
The crypto market is neutral
BTC Dominance - 60.14%
Market Cap - $2.89T
BTC - $87,462.21 (+0.24%)
ETH - $2,028.04 (-1.18%)
XRP - $2.37 (-2.88%)
BNB - $625.96 (-0.49%)
SOL - $139.28 (-1.95%)
HYPE - $14.68 (-6.83%)
PARTI - $0.3 (+3.14%)
JELLYJELLY - $0.02 (+71.78%)
https://dropstab.com
Google Cloud is now a validator for the Injective network
https://x.com/injective/status/1904896583050653915
💧 Top Gainers Among Blockchains Last Month
👉 https://dropstab.com/categories/blockchain
Bybit will list CORN on Mar 28, 2025, 10:00 UTC
https://announcements.bybit.com/article/new-listing-corn-usdt-grab-a-share-of-the-1-700-000-corn-prize-pool-blta345c789b3a9401d/
Since March 25, at the request of the South Korean government, Google has implemented domestic access restrictions on 17 exchanges that are not registered in South Korea
Users cannot install new related applications or update them, including: KuCoin, MEXC, Phemex, XT, Biture, CoinW, CoinEX, ZoomEX, Poloniex, BTCC, DigiFinex, Pionex, Blofin, Apex Pro, CoinCatch, WEEX, and BitMart.
https://x.com/wublockchain/status/1904806925428289815
Rumble to Launch Rumble Wallet with Tether Support
Rumble is a YouTube competitor with 68 million monthly users.
https://x.com/paoloardoino/status/1904792902489845960
GameStop to Add Bitcoin as a Treasury Reserve Asset
https://watcher.guru/news/gamestop-gme-to-add-bitcoin-as-a-treasury-reserve-asset
The crypto market is neutral
BTC Dominance - 59.95%
Market Cap - $2.88T
BTC - $87,105.07 (+0.65%)
ETH - $2,046.47 (+0.02%)
XRP - $2.43 (+0.85%)
BNB - $627.99 (-1.81%)
SOL - $141.59 (+1.89%)
NIL - $0.6 (-16.89%)
MOVE - $0.5 (+25.8%)
PARTI - $0.3 (-78.48%)
https://dropstab.com
GMX and MIM related contracts have been hacked for ~3,260 ETH (worth ~$6.5M)
https://x.com/peckshield/status/1904499113187840454
💧Top DeFi Projects Raising Capital This Year
👉 https://dropstab.com/insights/latest-fundraising-rounds