KEYTAKEAWAYS
- South Korea's crypto users have reached 16.29M (32% of population), surpassing stock investors, while Japan plans to classify crypto as financial products by 2026.
- Strategy has surpassed 500,000 BTC ($42B) with Saylor hinting at more purchases after raising $711M through preferred stock offerings.
- Market shows mixed signals with Bitcoin volatility dropping to 3.47% and trading volumes down 70% from post-election peaks, even as stablecoin market cap grows to $233.4B.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. South Korea’s Crypto Users Reach 16.29 Million, Surpassing Stock Investors
As reported by SBS, by the end of February 2025, the total number of users on South Korea’s virtual asset trading platforms reached 16.29 million, accounting for about 32% of the national population and surpassing the number of stock investors (14.1 million).
It is worth noting that this data is based on the total number of account holders from South Korea’s five major trading platforms—Upbit, Bithumb, Coinone, Korbit, and Gopax. If the same person opens accounts on multiple exchanges, they will be counted multiple times.
2. Stablecoin Market Cap Reaches $233.45 Billion
On March 30th, according to DefiLlama data, the total market value of stablecoins on the entire network is reported to be $233.454 billion, an increase of 0.99% over the past week, with USDT accounting for 61.88% of the market share.
3. Citigroup Analyzes Three Scenarios for US Tariff Policy Impact
Citigroup analyzed three main scenarios of US tariff policy on April 2 and its market impact in its latest report:
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Only reciprocal tariffs are announced: market response is limited.
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Reciprocal tariff plus value-added tax (VAT): The US dollar index may immediately rise by 50-100 basis points, and global stock markets may fall.
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In addition to reciprocity tariffs and value-added taxes, new industry tariffs: the market response may be more severe.
The report noted that after the S&P 500 experienced its worst first quarter since 2020, analysts warned that the possibility of subsequent declines is greater than gains. The market response on April 2 will largely depend on the timing of tariff implementation and the speed of other countries’ responses.
4. Crypto Trading Volume Shrinks 70% from Post-Election Peak
The trading volume of the cryptocurrency market, which surged right after the U.S. presidential election, is rapidly shrinking. According to The Block, daily trading volume of major virtual asset exchanges has recently decreased to about $35 billion, a sharp 70% drop compared to the peak of about $126 billion on November 5, right after President Trump’s election.
The market capitalization of virtual assets has also shrunk by about 25% from its peak of about $3.9 trillion to the recent level of $2.9 trillion.
Analysts suggest that investors’ wait-and-see attitude has become more pronounced due to overlapping macroeconomic uncertainties, such as recent U.S. tariff policies. Market experts interpret the current phase as an accumulation phase rather than a simple trading slowdown.
5. Uniswap’s Quarterly Trading Volume Hits Record High
According to Token Terminal data, Uniswap’s quarterly trading volume hit a record high in the fourth quarter of 2024, reaching $235.9 billion.
NOON NEWS
1. ABCDE Co-founder: 95% of Crypto Market Time is Bear Market
Co-founder of ABCDE, BMAN, stated on the X platform that 95% of the time in the crypto market is a Bear Market, while 5% of the time is a bull run. The pulsing bull run during the 5% of the time determines your profits.
“For so many years, the secret of Crypto has been ‘don’t leave the table.’ It sounds simple, but it is a test of resilience, patience, vision, cohesion, and strategic focus for individuals and businesses. The strong never complain about the environment; we salute those who have persisted on the front lines.”
2. Dormant Ethereum Address Activated After 9.7 Years
According to Whale Alert monitoring, a dormant pre-mined address containing 2,000 ETH was activated after 9.7 years, worth approximately $3.68 million.
3. Four.Meme Suspends LP on PancakeSwap After $200K Exploit
Four.Meme, a memecoin launchpad on the BNB Chain, has suspended its Liquidity Provider (LP) on PancakeSwap after detecting a malicious exploit targeting its system.
The team confirmed the attack on February 11 and assured users that steps were being taken to resolve the issue. Despite the attack, Four.Meme emphasized that its internal funds remain secure.
Web3 security firm CertiK revealed that the attacker leveraged vulnerabilities in multiple unverified contracts to steal assets worth approximately $200,000. Security firm PeckShield estimated the loss at around 287 BNB (approximately $183,000).
SlowMist identified liquidity manipulation as the primary attack method, noting that the exploit involved a malicious actor front-running the token launch by creating a pool on PancakeSwap V3. This allowed the attacker to set an artificial price for the token before its migration, then siphon assets when the official launch occurred.
4. Wayfinder Postpones Token Generation Event
AI full-chain tool Wayfinder announced via Twitter that its Token Generation Event (TGE) will be postponed by 1 to 2 weeks. The reason is that the required time is longer than expected, and the team needs to integrate necessary project components.
5. PumpBTC Launches Airdrop Check Page
According to official sources, the Bitcoin re-staking protocol PumpBTC has launched an airdrop check page. Users can submit their trading platform UID and address to receive tokens after the TGE.
The project team stated that Pump Points will continue to be used for future rewards.
PumpBTC recently completed a $10 million seed round financing, led by SevenX Ventures and Mirana Ventures, with participation from UTXO, Mantle Ecosystem Fund, Arcane Group, and others. The platform is Babylon’s liquid staking solution, aiming to help BTC holders maximize returns through Babylon’s staking.
EVENING NEWS
1. Michael Saylor Hints at Further Bitcoin Acquisitions as Strategy Crosses 500,000 BTC
Michael Saylor, Executive Chairman of Strategy, has hinted at an impending Bitcoin acquisition following a recent purchase that pushed the company’s total holdings beyond 500,000 BTC.
On March 30, Saylor shared Strategy’s Bitcoin portfolio tracker on X with the caption, “Needs even more Orange,” suggesting the company remains committed to expanding its Bitcoin reserves.
On Monday, Strategy announced that it had added 6,911 BTC, worth approximately $584 million, to its holdings at an average price of $84,529 per Bitcoin. With this latest acquisition, the Nasdaq-listed company has increased its Bitcoin holdings to 506,137 BTC, valued at over $42 billion at current market prices.
Strategy acquired its Bitcoin at an average price of $66,608 per BTC, with total costs amounting to approximately $33.7 billion. Despite recent price fluctuations, the company still holds $8.3 billion in unrealized gains.
On March 21, Strategy also announced the pricing of its 10.00% Series A Perpetual Strife Preferred Stock (STRF) offering, increasing it from $500 million to $722.5 million to raise approximately $711 million in net proceeds for further Bitcoin acquisitions.
2. Japan Plans to Classify Crypto as Financial Products
Japan’s Financial Services Agency (FSA) plans to revise the Financial Instruments and Exchange Act to give crypto assets a legal status as financial products, the Nikkei business daily reported on Sunday, without citing sources.
As part of the move, crypto assets will be put under insider trading restrictions that prohibit buying and selling based on undisclosed internal information.
The FSA will submit a bill to parliament as early as 2026 to amend the Financial Instruments and Exchange Act.
3. Exchanges See Net Bitcoin Inflow of 1,740.96 BTC in 24 Hours
Centralized exchanges saw a net inflow of 1,740.96 BTC in the past 24 hours.
4. Sign to Update Token Generation Event Information
Token distribution chain infrastructure Sign posted on the X platform that it will update the token generation event (TGE) information within 48 hours.
5. Bitcoin Volatility Decreases to 3.47%
Bitcoin’s volatility has decreased to 3.47%, signaling a notable change in the cryptocurrency market. This decline implies a phase of relative stability, which can be both advantageous and challenging for investors.
The reduced volatility suggests fewer price swings, which may appeal to risk-averse investors looking for a more predictable investment landscape. However, it also means that the potential for quick gains or losses has lessened.
This stability can be attributed to several factors, including increased institutional investment, regulatory clarity, and growing acceptance of Bitcoin as a legitimate asset class.
Despite the reduced volatility, investors must remain cautious about inherent risks. The cryptocurrency market is still relatively young and subject to sudden shifts in sentiment, regulatory changes, and technological advancements. Economic indicators such as interest rate changes and geopolitical events can still impact Bitcoin’s price.
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