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BLOCKMEDIA
Four Meme Coins Promoted by Binance… Listing Decided by Vote
2025-03-28 18:00
# Binance Lists Four Meme Coins Through 'Vote to List' Campaign
Binance has announced the listing of four meme coins on its platform, leveraging the BNB Chain-based "Vote to List" campaign. The newly listed coins are Mubarak(MUBARAK), Broccoli(BROCCOLI), Tutorial(TUT), and BananaforScale(BANANA). All four tokens will be assigned the “Seed” tag, indicating their early-stage status.
The exchange emphasized that while the final decision was influenced by user voting, other factors were also considered. "The listing wasn't solely determined by the number of votes but also reflected a comprehensive evaluation of the projects' credibility and past performance," Binance stated.
Meanwhile, CreatorBid(BID), which ranked second in voting, was ultimately excluded from the final listing decision.
# Bitcoin Slips to $85,000 Range in Asian Markets
Bitcoin(BTC) experienced a sharp decline, falling to the $85,000 range within Asian trading hours. According to Cointelegraph, three main factors are driving the downturn in Bitcoin's price: continuous selling pressure from short-term holders, reduced market liquidity, and a lack of new demand.
Bitcoin held by short-term investors in a loss position has reached 3.5 million BTC, the highest level since 2018. Additionally, on-chain activity indicators, such as transaction volume and the number of active addresses, have declined, further reflecting a lack of market momentum.
# SEC’s Paul Atkins Signals Flexible Regulatory Approach
Paul Atkins, the nominee for the next chair of the U.S. Securities and Exchange Commission (SEC), has hinted at a more flexible approach to regulation. Atkins stated, "I aim to establish a reasonable and consistent principle-based regulatory framework," signaling openness to dialogue with the industry—a marked contrast to the contentious tenure of former Chair Gary Gensler.
However, Atkins’ past advisory roles in the cryptocurrency sector have raised concerns about potential conflicts of interest, which could pose challenges during his confirmation process.
# GameStop Announces $1.3 Billion Convertible Bond for Bitcoin Strategy
In a bold move, GameStop has revealed plans to issue $1.3 billion in convertible bonds to finance the acquisition of Bitcoin(BTC). CEO Ryan Cohen indicated that the company’s financial strategy has drawn inspiration from Michael Saylor’s Bitcoin-focused playbook at MicroStrategy.
Following the announcement, GameStop's stock experienced high volatility. Shares surged 12% immediately after the Bitcoin acquisition plan was made public but tumbled more than 13% the following day, underscoring market uncertainty regarding the strategy.


BLOCKMEDIA
Bitcoin, 110K Dollar Outlook Shaken by Key Weak Indicators
2025-03-28 17:50
# Bitcoin Faces Headwinds as Key Indicators Signal Weakness, Casting Doubts on $110,000 Recovery
Bitcoin(BTC) is showing bearish signals across major indicators, raising questions over its ability to break past the $110,000 resistance level. On-chain metrics and broader analyses suggest the cryptocurrency is losing upward momentum, according to blockchain and economic research.
On October 27, Capriole Investments, led by Charles Edwards, reported continued declines in its proprietary “Bitcoin Macro Index,” as cited by Cointelegraph. This index employs machine learning to analyze on-chain and macroeconomic data, excluding price data, to assess Bitcoin's relative value.
Charles Edwards commented on social media, stating, “The Bitcoin Macro Index is creating lower highs, leading to bearish divergence. This isn’t encouraging.” The bearish divergence began to emerge toward the end of 2023, despite Bitcoin’s price hitting new local highs. Historically, such divergence has marked potential long-term tops during bull markets, raising concerns about Bitcoin’s trajectory.
# On-Chain Metrics Indicate Growing Volatility
Independent analysis points to Bitcoin entering a phase of pronounced volatility in both the short and medium term. According to on-chain analytics firm CryptoQuant, several key metrics—including Market Value to Realized Value (MVRV), Net Unrealized Profit/Loss (NUPL), and the Inter-Exchange Fund Flow Index (IFP)—indicate increased market fluctuations.
Burak Kesmeci, an analyst at CryptoQuant, noted in a recent report, “These indicators show Bitcoin is facing significant short- to mid-term volatility. However, it has not yet reached an overheated phase or a cyclical top.”
The IFP metric, in particular, has been concerning, remaining in bearish territory since February without signs of recovery. Kesmeci added, “A meaningful recovery in Bitcoin's downtrend can only occur if the IFP surpasses its 90-day Simple Moving Average (SMA).”
# Conservative Outlook in Futures and Options Market
Sentiment in Bitcoin futures and options markets also reflects a cautious outlook. Price prediction markets are skeptical about Bitcoin surging past $138,000, even by 2025—underscoring the tempered expectations from institutional and retail investors alike.
# Current Price Action
As of 5:35 p.m. KST on October 28, Bitcoin is trading at approximately $85,070, down 2.9% over the past 24 hours, according to CoinGecko. Analysts suggest the cryptocurrency could face continued hurdles unless it regains momentum across both technical and on-chain indicators.
The road to recovery for Bitcoin remains uncertain, as both macroeconomic challenges and weakening on-chain metrics weigh on its near-term prospects.


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South Carolina, U.S., Withdraws Lawsuit Against Coinbase Staking
2025-03-28 17:20
# South Carolina Drops Staking Lawsuit Against Coinbase, Following Vermont’s Lead
South Carolina has officially withdrawn its staking-related lawsuit against cryptocurrency exchange Coinbase, marking a significant development in the ongoing legal battles involving digital assets in the United States. The state made the announcement on March 27, joining Vermont, which similarly dropped its claims last month.
The case stems from a broader legal offensive initiated on June 6, 2023, when the U.S. Securities and Exchange Commission (SEC), alongside ten states including South Carolina, sued Coinbase for allegedly offering unregistered securities. Participating states included Alabama, California, Illinois, Kentucky, Maryland, New Jersey, Washington, and Wisconsin.
Paul Grewal, Coinbase’s Chief Legal Officer (CLO), celebrated the withdrawal on X (formerly Twitter), writing, “This is not just a victory for Coinbase, but for American consumers. The dominoes keep falling, and staking will very soon be back for Coinbase users in South Carolina. We hope other states also reconsider their approach to regulation.”
Grewal further noted that the lawsuit had prevented South Carolina residents from receiving an estimated $2 million in staking rewards, underscoring the financial impact on local consumers.
# Strategic Digital Asset Preparedness Act Introduced in South Carolina
In a related development, South Carolina introduced the "Strategic Digital Asset Preparedness Act" on the same day. The proposed legislation permits the state treasury to allocate up to 10% of its funds to investments in digital assets such as Bitcoin(BTC), signaling a more progressive stance toward cryptocurrencies.
The dual announcements highlight evolving regulatory attitudes toward digital assets in the U.S., with some states stepping back from litigation and others exploring proactive measures to integrate cryptocurrencies into their financial frameworks.


BLOCKMEDIA
Bitcoin Layer 2 BOB(BOB) Surpasses $300 Million in TVL... Poised to Become a DeFi Hub
2025-03-28 16:55
# Bitcoin-Based Layer 2 Solution BOB Surpasses $300 Million in TVL, Pushing DeFi Expansion
Bitcoin(BTC)-based Layer 2 solution BOB(Build on Bitcoin) is making significant strides in the decentralized finance (DeFi) sector, having surpassed $300 million in total value locked (TVL). Alexei Zamyatin, co-founder of BOB, announced that the platform’s TVL, which includes loans from Euler Finance and Avalon Finance($AVL), has exceeded the $300 million milestone.
# Rising Through DeFi Rankings
According to renowned DeFi analytics platform L2beat, BOB is making its mark as:
- The seventh largest Layer 2 solution by TVL, excluding native tokens.
- The fifth largest chain for Uniswap deployments, ranking above Binance Smart Chain and Optimism.
- Third within the Superchain ecosystem, following Base and Optimism.
# Hybrid Layer 2 Combining Bitcoin Security and Ethereum Smart Contracts
BOB is a cutting-edge hybrid Layer 2 solution that merges Bitcoin’s robust security with Ethereum(ETH)’s advanced smart contract functionality. By employing zero-knowledge (ZK)-based rollup technology, BOB streamlines transaction processing while anchoring records on both Bitcoin and Ethereum blockchains. This dual design ensures both scalability and security.
Recently, BOB announced the integration of OP Kailua, shifting its infrastructure from Optimistic Rollups to ZK-Rollups. The platform also plans to collaborate with firms such as Risc Zero and Boundless to upgrade from ZK fraud proofs to validity proofs, enhancing system efficiency.
This transition is expected to significantly reduce withdrawal waiting times from seven days while lowering transaction fees to as little as $0.00012. Additionally, by incorporating Babylon Finality into ZK validity proofs, BOB aims to maximize Bitcoin’s security within its framework.
# Decentralized Bridges: Revolutionizing Bitcoin in DeFi
BOB is introducing a decentralized bridge built on BitVM, enabling seamless Bitcoin utilization on-chain without relying on centralized custodians like WBTC or cbBTC. Through the Bitcoin Virtual Machine (BitVM), conditional transactions can be executed without the need for smart contracts, fostering an environment where Bitcoin can be freely utilized in DeFi projects.
The BOB team emphasized the importance of security and decentralization in bridge design, stating, “Our goal is to elevate Bitcoin’s utility in DeFi by creating a secure and decentralized solution. BOB is setting a new standard for practical Bitcoin integration.”
# Pioneering a New Era for Bitcoin in DeFi
Despite Bitcoin commanding over half of the total cryptocurrency market capitalization, its utility in DeFi remains underwhelming, constituting less than 1% of DeFi activity. To address this gap, initiatives like BOB are at the forefront of integrating Bitcoin liquidity into the DeFi ecosystem.
Currently operating on its testnet, BOB is gearing up to launch its mainnet later this year. In tandem, the platform is expanding collaborations across the Ethereum ecosystem to support a broad range of financial services, including loans, trading, and staking, all using Bitcoin as collateral.
Industry analysts note the potential of BOB’s growth trajectory to transform Bitcoin from a mere store of value into a key component of digital financial infrastructure. This could mark a critical technological inflection point for Bitcoin-based DeFi innovation.


BLOCKMEDIA
"Total Prize of 100 Million Won"⋯Upbit Hosts Quiz Event to Prevent Ponzi Schemes
2025-03-28 16:30
# Upbit Launches Quiz Event to Educate Investors on Ponzi Scheme Prevention
Dunamu, the operator of South Korea's leading cryptocurrency exchange Upbit, announced on October 28 that the company will hold a Ponzi scheme prevention quiz event as part of its efforts to promote a safer and more reliable environment for digital asset investment.
Upbit has recently taken proactive measures to protect investors from rising cases of Ponzi schemes in the digital asset sector. Notably, the platform acted swiftly to block withdrawals to Quantvine, a firm suspected of operating an illegal fundraising scheme. In response, other domestic exchanges implemented cautionary measures, and authorities launched formal investigations, effectively curbing further damage to investors.
# Educational Initiative to Enhance Investor Awareness
Through this quiz event, Upbit aims to educate its users with straightforward content on the concept of Ponzi schemes, their warning signs, prevention strategies, and guidance on how to respond if victimized. Participants will first access educational materials before attempting the quiz. Those who score perfectly will have the chance to win a share of the prize pool, totaling 1 Bitcoin(BTC), currently valued at approximately 129 million KRW (around $96,000). A total of 10,000 winners will be selected via a lottery.
The event will be accessible via Upbit’s official website until October 31. Participants can attempt the quiz once daily until they achieve a perfect score.
# Strengthened Commitment to Investor Protection
A Dunamu representative explained the goal behind the initiative: “As Ponzi schemes become increasingly sophisticated, we launched this quiz event to raise awareness about these deceptive practices. We remain committed to continuously offering educational content that helps safeguard our customers’ assets.”
To minimize potential financial losses caused by criminal activity, Upbit has implemented a real-time monitoring system and established a reporting channel for suspicious activities. Users can report fraudulent schemes, multi-level marketing entities, or illicit users through the “1:1 Inquiry” feature on Upbit’s customer service portal.
With these efforts, Upbit reiterates its dedication to protecting investors while fostering a secure digital asset investment ecosystem.