Hyperliquid announced that its blockchain has been upgraded, adding a fully on-chain validator voting function for asset delisting. When there is enough voting support for delisting, the operation will be automatically triggered on-chain. This equity-based permissionless voting weighting mechanism is natively integrated into HyperCore and does not require off-chain coordination.

As a demonstration of this mechanism, validators 2-5 of the Hyper Foundation will vote around 21:00 on March 29, 2025, Beijing time to decide whether to delist the MYRO contract. Validator 1 of the Hyper Foundation will abstain from voting until the completion of the initial delegation plan participants' delegation.

Experienced trader Peter Brandt, with a career spanning over 50 years, has issued a cautionary statement regarding the future of Bitcoin. Brandt pointed out the possibility of a significant decline in the low $70,000 range, citing similarities to a bear flag pattern on Bitcoin's chart. This pattern indicates a potential 15% decrease in Bitcoin's value, with the likelihood of further drops. Despite Brandt's forecast, there is still uncertainty in the market, with some analysts suggesting Bitcoin could surpass its current price levels and reach $91,000. The future of Bitcoin remains uncertain, and whether or not Brandt's bearish prediction comes true will depend on future market trends.

The submission of this document is a crucial step in the process of proposing a new ETF. Once acknowledged by the SEC, it will be published in the Federal Register, initiating the approval process for Grayscale's Avalanche ETF proposal. Grayscale aims to convert its existing Avalanche Trust, established in August 2024 as a private placement, into a spot ETF with assets exclusively consisting of AVAX, the native token of the Avalanche blockchain network. The investment objective is for the trust's shares to reflect the value of AVAX held by the Trust, adjusted for expenses and liabilities. The Coinbase platform will act as the custodian for the Trust, while BNY Mellon Asset Servicing is designated as the administrator and transfer agent. This filing comes in the midst of a competitive push in the spot Avalanche ETF race, with VanEck also submitting an S-1 registration statement to the SEC seeking approval for a spot Avalanche ETF. Both Grayscale and VanEck are competing to be the first to market with a spot Avalanche ETF. Avalanche is a high-performance Layer 1 blockchain known for its low latency and scalability, consisting of the X-Chain for asset transfers, the C-Chain for Ethereum-compatible smart contracts, and the P-Chain for validator management and custom blockchain creation (subnets). The news of Nasdaq filing for approval of Grayscale's Spot Avalanche ETF was originally reported by Coindoo.

Terraform Labs, the company responsible for LUNA and TerraUSD, will be launching a crypto loss claims portal on March 31 to reimburse individuals who lost a minimum of $100 due to the Terra ecosystem collapse in 2022. Following approval from a Delaware court to wind down operations, Terraform Labs settled with the SEC for $4.47 billion in June 2024. Claimants seeking reimbursement must submit their claims and supporting documentation through the portal by April 30, with preferred evidence being read-only API keys for accuracy. The company estimates potential payouts of $184.5 million to $442.2 million, but the total eligible crypto losses are challenging to determine.

Following a promising start to the week, Bitcoin experienced a shift to negative returns as the price dropped by 3.5% to an intraday low of $84,120 on March 28. The price rejection took place at the intersection of the descending trendline and the upper boundary of the ascending channel pattern. Bitcoin is currently positioned below the 200-day exponential moving average on the daily chart, potentially leading to further downside if it closes below this key indicator. Analysts suggest that Bitcoin may correct to the $72,000-$75,000 range if liquidity conditions remain unchanged, with the Global M2 money supply potentially triggering a rally around May 1. The recent filling of the CME gap between $84,435 and $85,000 could result in a short-term bounce for Bitcoin, but there are warnings of a possible long-term correction leading to new lows in 2025. Traders are closely monitoring key support levels and market structures to determine the future direction of Bitcoin's price.

Cardano (ADA) has been a prominent player in the cryptocurrency market for years, consistently ranking among the top digital assets by market capitalization. Despite its recognition, some investors are skeptical about its long-term performance. While it gained attention for being included in US President Donald Trump's initial proposal for a national crypto stockpile, its price movement and onchain activity paint a different picture, leading to some labeling it as a "zombie." Recent research indicates that the Cardano network lags behind in decentralized finance (DeFi) adoption compared to Ethereum and Solana, struggling to attract liquidity and stablecoin activity. With newer blockchains surpassing it in user engagement and trading volume, the question arises whether upcoming developments can reverse this trend. The potential for an ADA exchange-traded fund (ETF) and its role in Bitcoin's DeFi ecosystem could make 2025 a crucial year for ADA, but the question remains whether these advancements will be sufficient to change its trajectory. To delve deeper into the current state of Cardano's native token, check out the full video on the Cointelegraph YouTube channel.

U.S. stock market continued to decline, with the S&P 500 index falling by 2%, the Nasdaq falling by 2.7%, and the Dow falling by 1.74%.

according to Onchain Lens monitoring, an Ethereum ICO participation address will deposit 1700 ETH (about $3.18 million) into Binance after 7 years of dormancy.

 Federal Deposit Insurance Corporation (FDIC) officially released new guidelines stating that institutions regulated by the FDIC can engage in 'permissible' crypto activities without prior approval from the FDIC.

U.S. Securities and Exchange Commission (SEC) announced that the members of the cryptocurrency working group met with representatives of Wintermute Trading Ltd. and Morrison Cohen LLP on March 28th. The meeting discussed solutions to regulatory issues related to cryptocurrency assets. Representatives of Wintermute Trading Ltd. and Morrison Cohen LLP provided additional documents, and the topics in these documents were discussed during the meeting. Wintermute discussed issues related to trading and liquidity provision in the U.S. cryptocurrency market.