weekly Crypto Recap: Terra Claims Portal, Trump pardons, and More
Terraform Labs is set to open an investor claims portal on March 31. This portal will let users file claims for losses from the Luna and TerraUSD collapse. Investors have untill April 30 to submit claims via claims.terra.money. Late claims will not be considered.
Meanwhile, President Trump has pardoned three BitMEX founders. Arthur Hayes, Benjamin Delo, and samuel Reed were pardoned for violating the Bank Secrecy Act. They had admitted to not following anti-money laundering rules.
The SEC has also closed its inquiry into Crypto.com. This follows similar actions against other major crypto firms. Crypto.com joins a list of companies like Ripple and Coinbase that have had SEC probes dropped.
Hyperliquid, a decentralized exchange, now supports spot trading. Users can now deposit and withdraw funds directly. However, the platform faced a whale manipulation incident. A user shorted JELLY, a Solana meme coin, while a whale dumped the token on decentralized exchanges.
On the regulatory front, the SEC has ended its probe into Crypto.com. The move comes as wyoming plans to issue its own stable token. The governor cited the state’s crypto-friendly surroundings.
Polymarket, a prediction market platform, acknowledged a possible governance attack. A $7 million bet on a Ukraine-Trump deal shifted unexpectedly,raising manipulation concerns. The SEC also closed its investigation into Immutable, an Australian crypto firm.
Fidelity is planning a Solana ETF. The asset management giant filed with the SEC to create an exchange-traded fund tracking Solana prices. Meanwhile, the Dogecoin Foundation bought $1.8 million in DOGE to bolster its reserve strategy.
Michael Saylor’s company hit a 500,000 Bitcoin milestone. They acquired an additional 6,911 BTC for $584.1 million, bringing their total holdings to 506,137 BTC.
