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  • This Coin Rallied After a Multi-Day Downtrend—What's Next?

This Coin Rallied After a Multi-Day Downtrend—What's Next?

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Today, we're looking at a major legal battle shaking the memecoin space, a regulatory shift that could ease compliance for crypto firms, and Bitcoin's surprising resilience amid market turbulence. With lawsuits, policy reversals, and price swings dominating headlines, the industry's trajectory is anything but predictable.

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📈 Market-Moving News

Crypto markets are bracing for impact as legal disputes, regulatory pivots, and macroeconomic forces collide. A high-profile lawsuit could set new legal precedents for token issuers, while US regulators signal a softer stance on crypto oversight. Meanwhile, Bitcoin's performance continues to defy expectations, fueling debate over whether the bull run is over—or just getting started.

Legal 

⚖️ LIBRA Memecoin Lawsuit Targets Kelsier Ventures, KIP Protocol, and Meteorare

A class-action lawsuit has been filed in the Supreme Court of New York against Kelsier Ventures, KIP Protocol, and Meteora over the LIBRA memecoin scandal. The lawsuit, brought by Burwick Law on March 17, accuses the firms of launching the token in a "deceptive, manipulative, and fundamentally unfair" manner. The case alleges that a predatory liquidity pool was used to inflate LIBRA's price, allowing insiders to profit while retail investors faced massive losses.

According to the lawsuit, insiders rapidly drained $107 million from liquidity pools, triggering a 94% crash in LIBRA's market value. President Javier Milei, who promoted LIBRA as a private-sector funding initiative, was mentioned in the suit but not named as a defendant. The complaint claims that KIP and Meteora withheld 85% of LIBRA's tokens at launch, misleading investors about the token's liquidity structure and economic viability.

Blockchain data from Nansen revealed that over 86% of LIBRA token holders suffered losses totaling $251 million, while just 2,101 wallets walked away with a combined $180 million in profits. Kelsier Ventures and its CEO, Hayden Davis, were reportedly among the biggest beneficiaries, allegedly netting around $100 million. While Davis denies owning LIBRA tokens, he faces a potential Interpol red notice as legal actions against the orchestrators intensify.

Regulation 

🔄 SEC Signals Possible Revisions to Crypto Custody Rules

The US Securities and Exchange Commission (SEC) is reconsidering former chair Gary Gensler's strict crypto custody proposal, which would have required investment advisers to hold digital assets with federally regulated custodians. Acting SEC Chair Mark Uyeda acknowledged "significant concerns" about the proposal's broad scope, suggesting that the rule may be revised or scrapped entirely. Uyeda's remarks at an investment conference signal a shift away from the aggressive regulatory approach of the previous administration.

Under the Trump administration, the SEC has taken a more industry-friendly stance, halting enforcement actions against crypto firms and reassessing key policies from Gensler's tenure. Uyeda also indicated that the SEC is re-evaluating the expanded definition of "exchanges" to exclude certain crypto trading platforms. This pivot follows a lawsuit filed by 18 states challenging Gensler's regulatory approach before his resignation.

The SEC's new crypto task force, led by Commissioner Hester Peirce, is working directly with industry stakeholders to develop more practical oversight measures. This move has already led to the reversal of SAB 121, a rule that previously required firms holding crypto assets to report them as liabilities. As regulatory attitudes soften, market participants are closely watching for policy updates that could impact the industry's compliance landscape.

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Bitcoin 

📈 Bitcoin Outperforms Global Assets Despite Market Correction

Bitcoin has outpaced major global assets, including equities, treasuries, and real estate, despite experiencing a 23% correction from its January all-time high of $109,000. Analysts attribute the recent decline to broader market uncertainty, including concerns over fiscal policy changes and potential recessions. However, many experts view Bitcoin's dip to $76,000 as a natural correction within an ongoing bull market rather than the start of a downturn.

A surge in institutional demand may support Bitcoin's recovery, as US spot Bitcoin ETFs logged over $274 million in net inflows on March 17—their highest daily inflow since early February. Analysts note that ETF-driven investment has been a major catalyst for Bitcoin's 2024 rally, helping push the asset past key psychological levels. This renewed interest in Bitcoin exposure suggests that investors remain optimistic despite short-term volatility.

Industry leaders, including Bitget CEO Gracy Chen, predict Bitcoin will remain above $70,000, with long-term targets exceeding $200,000 in the next one to two years. Other analysts have projected Bitcoin to reach between $160,000 and $180,000 by late 2025. While trade war concerns could introduce further price swings, Bitcoin's resilience amid macroeconomic shifts reinforces its standing as a dominant store of value.

🪙 Coin Leaderboard

⚡ Crypto Pulse

While the broader crypto market remains unpredictable, a few tokens are defying the trend with explosive gains. From sharp rebounds to triple-digit surges, these standout performers are turning heads and fueling trader excitement. Let's dive into today's biggest movers. 📈

BugsCoin (BGSC) $0.0039 (+168%)

BGSC rebounded sharply after a multi-day downtrend, surging over 149% in a single day.

KardiaChain (KAI) $0.0037 (+130%)

KardiaChain is holding onto its recent price increase for a change, contrary to the large rises and falls it’s known for.

Tutorial (TUT) $0.023 (+122%)

TUT leads today's Crypto Pulse, soaring nearly 200% in the last 24 hours.

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⏩ Future Forward

The crypto scene is buzzing! Keep an eye out for big market moves, exciting token launches, and lucrative airdrops. The best is still ahead! 📅

Crypto Conferences:

💎 Future Identity Finance Europe 2025 (Mar 19, 2025)

💎 FID Fraud and FinCrime Event 2025 (Mar 19, 2025)

💎 ToT Conference 2025 (Mar 19, 2025 - Mar 20, 2025)

Upcoming Airdrops:

🎁 DeepLink Protocol (DLC) Airdrop (Mar 19, 2025)

🎁 Xai (XAI) Airdrop (Mar 20, 2025)

🎁 Coin98 (C98) Airdrop (Apr 8, 2025)

Upcoming Token Launches:

🚀 Xcavate (XCAV) Pre TGE (Mar 20, 2025)

🚀 Grafilab (GRAFI) TGE and Distribution (Mar 21, 2025)

🚀 RabitiAI (RIAI) TGE and Distribution (May 30, 2025)

Which event are you most excited for? Let us know!

🧠 Crypto Know-How: Layer-2 Chains

Layer-2 chains are blockchain networks built on top of existing Layer-1 blockchains like Ethereum. They help process transactions faster and cheaper by handling them off the main chain before finalizing them on Layer 1. Popular Layer-2 solutions include Arbitrum, Optimism, and Polygon.

Using a Layer-2 chain is simple—users bridge assets from the main blockchain and then transact with lower fees and faster speeds. Many Layer-2s support DeFi, NFTs, and gaming, offering the same security as their base chain while improving efficiency. Some use rollups, bundling multiple transactions into one to reduce congestion.

Layer-2s solve scalability issues but come with trade-offs. Users must sometimes bridge funds back to Layer 1, which can take time, and not all Layer-2 solutions are equally decentralized. As adoption grows, these networks are evolving, bringing even better performance and security to blockchain users.

Everything Else

  • A Bitcoin whale closed a $516 million 40x leveraged short position, making a $9.4 million profit in eight days before shifting funds into Ether.

  • Tokyo-listed Metaplanet acquired 150 more Bitcoin, bringing its total holdings to 3,200 BTC as part of its treasury strategy.

  • CryptoQuant's CEO warned that Bitcoin's bull cycle might be over, predicting 6–12 months of bearish or sideways price action based on on-chain metrics.

  • Stablecoin protocol Level raised $6 million in venture funding to expand its yield-generating lvlUSD stablecoin, which has surpassed an $80 million market cap.

  • Solana deleted a controversial ad following backlash from the crypto community, with critics calling it divisive and at odds with crypto's inclusive values.

That's it for today! Which story stood out to you the most? Let us know your thoughts!

Thanks for reading, and see you next time!

Best Regards,

— Adam Garcia

Crypto Intel