Weekly Cryptocurrency Roundup: MicroStrategy’s Bitcoin Bet, Coinbase’s Expansion, and Global Regulatory Moves

Alright, here’s a summary of the week’s major digital currency headlines, enhanced with some additional insight:

**MicroStrategy Boosts Bitcoin Position**

Michael Saylor’s MicroStrategy is making a substantial move, revealing a $2.1 billion sale of favored shares (STRK). The intention? To procure even ADDITIONAL Bitcoin. They already possess nearly half a million BTC, establishing them as the unquestionable corporate leader in Bitcoin ownership. Despite their shares performing poorly this year, Saylor is evidently maintaining confidence.

**Coinbase’s Recruitment Drive and Return to India**

Coinbase’s Chief Executive Officer, Brian Armstrong, is optimistic, intending to recruit approximately 1,000 fresh workers in the United States in the coming year. He speculates that Trump’s administration could provide a stimulus for digital currency. They are also orchestrating a significant return to India after navigating regulatory obstacles. Apparently, they have secured approval from the Indian monetary regulators.

**Binance Secures Substantial Funding**

The United Arab Emirates’ state-backed investment entity, MGX, is allocating a considerable $2 billion for equity in Binance. This is considered among the most significant investments ever made in the digital currency domain. Furthermore, they are employing stablecoins for the transaction, which is quite noteworthy.

**CZ Refutes Trump Association**

Changpeng Zhao (CZ), the originator of Binance, is disputing claims that he engaged with the Trump family regarding investing in Binance’s American division. He asserts that the Wall Street Journal’s article is “incorrect” and that no similar dialogues transpired.

## Toncoin Climbs After Telegram’s Creator Leaves France

After news surfaced that Telegram’s originator, Pavel Durov, who had been living in France from August, has obtained temporary authorization to move to Dubai, Toncoin (TON), the virtual currency linked to Telegram’s Open Network (TON), has seen a considerable rise in trading activity, presently increasing by 16.8%. Some people think that Durov’s relocation could indicate deeper incorporation of TON within the Telegram environment.

### El Salvador and Paraguay Unite on Digital Currency Oversight

The two Latin American countries have created a cooperative structure intended to promote the development of the cryptocurrency sector and standardize regulatory strategies. Paraguay’s Secretariat for the Prevention of Money Laundering has declared that agencies will collaborate to examine and oversee unauthorized cryptocurrency activities. This collaboration emphasizes a rising pattern of regional collaboration in the crypto field.

### South Korea to Formulate Institutional Investment Instructions

South Korea’s Financial Services Commission (FSC) intends to publish extensive instructions for institutional cryptocurrency investments by the third quarter of 2025. Non-profit organizations and cryptocurrency exchanges will get early guidance, with their framework anticipated to be released in April. This action is regarded as a substantial stride toward widespread acceptance of crypto assets in South Korea.

### Garantex Operator Detained in India

Indian officials have captured Aleksej Besciokov, one of two operators supposedly managing the illegal cryptocurrency exchange Garantex. The Lithuanian citizen is suspected of acting as the exchange’s main technical administrator between 2019 and 2025, according to a Department of Justice statement. The accusation accuses the pair of facilitating money laundering via the platform. This detention emphasizes the continuous worldwide crackdown on unregulated crypto exchanges.

### Ripple Secures Regulatory Green Light in Dubai

The blockchain payment firm Ripple has gotten clearance from the Dubai Financial Services Authority (DFSA) to provide regulated cryptocurrency payment goods and services in the United Arab Emirates (UAE). Around 20% of the company’s worldwide customer base already works in the Middle East area. This approval signifies a noteworthy achievement for Ripple’s growth in the region and emphasizes Dubai’s increasing role as a crypto center.

### Argentine Attorney Appeals for Worldwide Detention of LIBRA’s Originator

* As reported by the Buenos Aires publication Página 12, legal representative Gregorio Dalbon has sought a global apprehension mandate for Hayden Davies, the instigator of the contentious digital currency LIBRA.
* The judicial filings express anxieties regarding potential escape.

### MoonPay Procures Steady Digital Currency Framework

* Digital currency transaction application MoonPay has obtained Iron, an API-centered steady digital currency framework. According to a declaration disseminated Thursday, the agreement is valued at a minimum of $100 million.
* The procurement will broaden MoonPay’s corporate proposals by empowering the entity to embrace steady digital currency disbursements.

### Ethereum Programmers Reveal Fresh Hoodi Test Network

* The Ethereum Foundation intends to introduce a novel “enduring” test network dubbed Hoodi on March 17, as proclaimed during Thursday’s All Devs Call.
* This transpires subsequent to current predicaments with the Holesky and Sepoli rigid bifurcations, both of which encountered technological snags during deployment.
* Simultaneously, Ethereum persists in a profound downturn, diminishing by over 53% from its zenith in December. One justification for the sustained divestment is that both digital currency and equity markets are declining due to President Trump’s levy strategies, and financiers are yet in a monitoring phase.

### Three Arrows Capital Amplifies Petition Against FTX

* The Delaware insolvency tribunal supervising FTX’s possessions has sanctioned a solicitation from Three Arrows Capital to augment its petition from $120 million to $1.53 billion.
* This advancement constitutes a substantial point in settling the continuous monetary quandaries succeeding the implosion of two prominent digital currency enterprises.