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- Ghibli Gains 41% on Bitget Hype—Flash in the Pan or Real Trend?
Ghibli Gains 41% on Bitget Hype—Flash in the Pan or Real Trend?
Hello and welcome to Crypto Intel, the twice-weekly newsletter covering the latest updates, breaking news, and exciting opportunities in the crypto world.
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Big bets are being placed, old narratives are unraveling, and cracks are forming in regulatory walls once thought unshakable. State treasuries, public watchdogs, and cultural trendsetters are all stepping into the spotlight—some with bold new proposals, others with surprising reversals. The headlines may seem disconnected, but together, they paint a picture of accelerating change across crypto's political, financial, and social foundations.

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*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.

📈 Market-Moving News

From legislative moonshots to regulatory backpedals and market segments defying the odds, the signals this week are as unexpected as they are important. Whether it's a bill that could redefine public finance, a long-running legal saga finally closing, or an embattled market showing signs of life, one thing's for sure: crypto's next chapter is already being written—in places few thought to look.

Law & Policy
🇺🇸 South Carolina Bill Proposes Bitcoin as Strategic Reserve Asset

South Carolina may soon make history as one of the first US states to add Bitcoin to its balance sheet. State Rep. Jordan Pace introduced the "Strategic Digital Assets Reserve Act," allowing the state treasurer to allocate up to 10% of certain public funds into digital assets—starting with BTC. If passed, the bill would impact the General Fund and Budget Stabilization Reserve Fund, offering the option to receive voluntary BTC donations from residents.
The legislation outlines a clear framework, capping total holdings at one million BTC while enforcing strict audit standards, cold storage protocols, and biennial reporting. Though Bitcoin is the only asset explicitly named, the bill leaves room for other cryptocurrencies to be added later under revised guidelines. The move aligns with a broader shift toward hard-asset reserves in response to concerns over inflation and fiat debasement.
Rep. Pace cited Trump's recent executive order to establish a national Bitcoin reserve as inspiration. That order, along with Sen. Lummis's proposed federal BITCOIN Act, is fueling a wave of pro-crypto sentiment in conservative-led states. With the bill's sunset clause set for 2035, South Carolina is giving itself a 10-year window to experiment with digital assets in public finance.
Other states are racing ahead, too. Texas, Arizona, Oklahoma, and Kentucky have all advanced similar legislation, while Utah introduced a bill before scrapping its reserve language at the last minute. Meanwhile, Wyoming—once a frontrunner—has backed away after its proposal collapsed in committee. Gov. Mark Gordon emphasized caution, citing Bitcoin's volatility and calling the debate a "learning curve." The result? A patchwork map of state-level crypto ambitions across the US

NFTs & Digital Collectibles
📉 NFT Sales Drop 63% in Q1—but Pudgy Penguins and Doodles Fly High

The NFT market just had one of its worst quarters on record, with sales plummeting 63% year-over-year. From Jan
uary to March 2025, NFT sales totaled $1.5 billion—down from $4.1 billion in Q1 2024. March was especially brutal, with volume falling 76% to just $373 million. Yet, amid the slide, several top-tier collections broke away from the pack and posted gains.
Pudgy Penguins led the resistance, notching $72 million in sales for the quarter—a 13% increase from Q1 2024. Doodles followed with a 41% bump in volume, fueled by a new McDonald's partnership and growing mainstream visibility. Meanwhile, Milady Maker stunned the market with a 58% surge, outperforming blue chips like Bored Ape Yacht Club and CryptoPunks, both of which posted double-digit losses.
CryptoPunks saw Q1 sales tumble 47% to $60 million, while BAYC's volume fell 61% to $29.8 million. Bitcoin-based NFTs also took a hit, dropping 79% in total volume to $291 million. But their average sale price surged to $633—up from just $63 in 2023—signaling that fewer but higher-value trades are becoming the norm in that niche.
Despite the bear trend, analysts say not all is lost. The NFT market is consolidating around high-quality, culturally resonant projects. Bitcoin NFTs may have cooled off, but rising floor prices hint at future momentum. With projects like Pudgy Penguins going mainstream, the next leg of NFT growth may be defined less by hype—and more by utility and brand integration.

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*Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT stock recommendations or constitute an offer or sale of the referenced securities.

Regulation
⚖️ SEC Drops Cases Against Kraken, ConsenSys, and Cumberland DRW

In a sweeping pivot, the SEC has dropped high-profile enforcement actions against Kraken, ConsenSys, and Cumberland DRW, closing the books on three of the crypto industry's most closely watched legal battles. Filed "with prejudice," the dismissals are final and cannot be reopened—marking a major shift in the agency's regulatory posture under the Trump administration.
The cases, originally brought under the prior Gensler-led SEC, accused the firms of operating unregistered exchanges and offering unauthorized securities. Kraken faced multiple charges for its exchange operations, while ConsenSys was targeted over MetaMask Staking. Cumberland DRW was sued in 2024 for allegedly acting as an unlicensed dealer handling billions in crypto assets.
Kraken called the resolution a win for innovation, stating it removes "uncertainty" that could have stifled US crypto growth. The exchange also hinted it may now move forward with plans to go public—possibly becoming the second major crypto listing after Coinbase. Meanwhile, ConsenSys and Cumberland echoed similar relief, welcoming the clarity and opportunity to focus on development.
The SEC's shift isn't isolated. Cases against Coinbase, Robinhood, Uniswap, Immutable, and OpenSea have also been dropped or resolved quietly. Acting Chairman Mark Uyeda confirmed a broader policy rethink, with the agency now prioritizing open dialogue and structured rulemaking. Four new roundtables on crypto regulation are scheduled through June—indicating the SEC is turning down the heat and turning up the volume on collaboration.

🪙 Coin Leaderboard


⚡ Crypto Pulse
The broader market may be cooling off, but a few lesser-known tokens are stealing the spotlight. With surprise listings and sharp reversals fueling the action, TUT, AKI, and Ghibli are delivering eye-popping gains that are hard to ignore. Let's break down the top movers. 📈
Tutorial (TUT) $0.03799 (+132.92%)
TUT led the charge this week, soaring nearly 133% in 24 hours after securing a fresh listing on Binance.
Aki Network (AKI) $0.009851 (+89.29%)
AKI rebounded sharply after bottoming out on March 27, posting an 89% gain as momentum flipped bullish.
Ghiblification (Ghibli) $0.02528 (+41.06%)
Ghibli climbed over 41% following its debut on the Bitget exchange, drawing fresh attention from traders.

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⏩ Future Forward
The pace is picking up—watch for major token debuts, fresh airdrops, and market shifts that could set the tone for the weeks ahead. There's plenty brewing beneath the surface. 📅
Crypto Conferences:
💎 Decentralized AI Day (Mar 29, 2025)
💎 Crypto Vision Conference 2025 (Mar 29, 2025)
💎 Hawaii Blockchain Youth Summit 2025 (Mar 29, 2025)
Upcoming Airdrops:
🎁 Memecoin (MEME) Airdrop (Mar 30, 2025)
🎁 COCO COIN (COCO) Airdrop (Apr 3, 2025)
🎁 IOST (IOST) Airdrop (Apr 9, 2025)
Upcoming Token Launches:
🚀 GUNZ (GUN) TGE and Distribution (Mar 31, 2025)
🚀 HashBurn (HBURN) IDO on Huostarter (Apr 2, 2025)
🚀 Genezys (GNZ) TGE and Distribution (Apr 4, 2025)
Which event are you most excited for? Let us know!

🧠 Crypto Know-How: What are Automated Market Makers (AMMS)?
Automated market makers, or AMMs, are smart contracts that let you trade crypto without needing a buyer or seller on the other side. Instead of using an order book like traditional exchanges, AMMs rely on liquidity pools to make instant swaps possible.
These pools are filled by users called liquidity providers (LPs), who deposit pairs of tokens (like ETH and USDC) and earn a cut of the trading fees. The more trades happen, the more rewards LPs can make—though they also take on risks like impermanent loss.
Protocols like Uniswap, SushiSwap, and PancakeSwap are popular examples of AMMs. They've made it easy for anyone to list or trade tokens directly on-chain, helping drive DeFi's explosive growth and giving users more freedom and control over their assets.

Everything Else
The UK's Financial Conduct Authority plans to begin fully authorizing crypto firms in 2026, signaling a shift to stricter oversight beyond AML compliance.
The UAE expects to roll out its digital dirham in Q4 2025, aiming to improve financial stability and expand digital payment infrastructure.
Galaxy Digital will pay $200 million to settle with the New York Attorney General over its role in the 2022 LUNA collapse while reporting $365 million in 2024 profits.
French state bank Bpifrance announced a €25 million digital asset investment to support early-stage DeFi and blockchain projects across France.
Capriole's Bitcoin Macro Index has flashed a bearish divergence, raising doubts about BTC's ability to reclaim $110K highs in the near term.

That's a wrap for today—what caught your eye? We're always down to hear what's on your radar.
Thanks for reading, and see you next time!
Best Regards,
— Adam Garcia
Crypto Intel