The Bitcoin price swung violently between $86k and $77k last week before stabilizing near $84,000 amid mixed signals, while the total crypto market holds steady at $2.76 trillion.
Analysts argue this correction marks the bull market's midpoint rather than its peak, citing crypto's critical growth indicator: stablecoin reserves recently surpassed $219 billion — exceeding the $187 billion peak preceding April 2022's bear market — suggesting ample fuel remains for market growth.
What are the top crypto news stories you have missed since last week? Let’s dive into last week’s key developments you might have missed.
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TOP CRYPTO NEWS RECAP (March 09–15, 2024 2025)
- SEC’s Case Against Ripple May Be Nearing Resolution
- Pavel Durov Granted Permission to Leave France
- Russia Uses Bitcoin and USDt for Oil Trades Amid Sanctions
- Ledger Helps Trezor Fix Security Flaw in Wallet Models
- SEC Delays Decision on Altcoin ETFs, Approval Still Likely
- Coinbase to Launch 24/7 Bitcoin and Ether Futures for US Residents
SEC’s Case Against Ripple May Be Nearing Resolution
The U.S. Securities and Exchange Commission (SEC) may be close to ending its four-year enforcement action against Ripple Labs. The case alleges Ripple used XRP as an unregistered security and is reportedly "in the process of wrapping up." The SEC and Ripple have filed appeals over a $125-million judgment. Ripple’s legal team remains optimistic, but the case could still result in a monetary judgment if no agreement is reached. The SEC has dropped similar cases since the Trump administration, with Ripple remaining involved in U.S. politics.
Pavel Durov Granted Permission to Leave France
Pavel Durov, founder of Telegram, was granted permission by a French court to leave France on March 13, 2025. He relocated to Dubai, a city known for its business-friendly policies. Durov had faced legal issues in France since August 2024, when he was arrested and accused of running a platform that facilitates illegal activities. His departure was met with positive market reactions, as Toncoin (TON) spiked 18%. While the terms of the court’s decision remain unclear, Durov’s case has reignited debates about privacy and tech platform responsibilities.
Russia Uses Bitcoin and USDt for Oil Trades Amid Sanctions
According to a Reuters report, Russian oil firms are increasingly using Bitcoin and USDt for trade with China and India to bypass international sanctions. The move involves intermediaries who convert payments into cryptocurrencies, facilitating transactions in local currencies like yuan before transferring the funds to Russian accounts. One Russian oil trader reportedly conducts millions in monthly crypto transactions. This method had not been widely reported despite previous statements on Russia’s readiness to use cryptocurrencies for trade. Cryptos are seen as a faster, convenient tool for foreign trade operations.
Ledger Helps Trezor Fix Security Flaw in Wallet Models
Ledger's research arm helped Trezor patch a security vulnerability found in the Safe 3 and 5 hardware wallet models. The flaw allowed attackers to bypass a security check on the microcontroller, making the devices susceptible to advanced attacks. While Trezor had already implemented security measures like "Secure Elements" to protect against tampering, the vulnerability was still present in the microcontroller. Trezor has since resolved the issue, ensuring user funds remain safe. Both companies emphasized the importance of securing the broader crypto ecosystem.
SEC Delays Decision on Altcoin ETFs, Approval Still Likely
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on several altcoin ETFs, including those for XRP, Solana, Litecoin, and Dogecoin, with decisions now due by May. Bloomberg ETF analyst James Seyffart noted that such delays are common and do not impact the likelihood of approval. He added that the SEC’s current delays are standard procedure, with final deadlines set for October. This follows the departure of former SEC Chair Gary Gensler, and the nomination of pro-crypto businessman Paul Atkins for the role.
Coinbase to Launch 24/7 Bitcoin and Ether Futures for US Residents
Coinbase announced plans to offer 24/7 Bitcoin and Ether futures trading to U.S. residents, along with perpetual futures contracts, to launch in March 2024. This expansion addresses inefficiencies in the current crypto derivatives market, which operates outside the U.S. with fixed hours and expiring contracts. While Coinbase faces competition from established players like CME Group and Robinhood, its offerings will differ with continuous trading hours. Coinbase is also working with the Commodity Futures Trading Commission to comply with the regulatory requirements for these new products.
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