Weekly Recap｜Tether Engages KPMG for USDT Audit, Echobit Launches Spring Airdrop, U.S. March Nonfarm
2026.03.30
Weekly Overview (Mar 23 – Mar 29)
Last week, the interplay between geopolitical developments, macroeconomic data, and on-chain capital flows made it a critical period for observing short-term trends in the crypto market. Following a phase of deleveraging, the market has shifted into a low-congestion recovery stage over the past two weeks. The total global crypto market capitalization stood at $2.37 trillion, down approximately 1.66% week-over-week.
Looking ahead, the upcoming release of the U.S. March nonfarm payroll (NFP) data, along with key indicators such as the unemployment rate, initial jobless claims, and ISM index, will be closely watched. Meanwhile, ongoing tensions in the Middle East and rising inflation expectations continue to add uncertainty to the Federal Reserve’s policy outlook.
This report provides a concise recap of last week’s key developments in the crypto industry and a preview of the major trends and events to watch in the coming week.
Market Pulse
Bipartisan U.S. lawmakers proposed banning prediction markets from offering sports betting.
Fidelity called on the SEC to improve regulatory frameworks for broker-dealers engaging in crypto activities on alternative trading systems.
SpaceX is reportedly preparing to file for an IPO as early as this week, aiming to raise over $75 billion.
Tether announced it has engaged a Big Four accounting firm to audit its operations.
A proposal allowing crypto assets to be included in 401(k) retirement plans has passed White House review.
Tether has officially appointed KPMG to conduct an audit of USDT reserves.
Morgan Stanley is planning a spot Bitcoin ETF with fees as low as 0.14%.
Funding & M&A
A total of 15 funding rounds were recorded last week, raising over $767 million, mainly across DeFi and AI sectors:
Origins Network raised $8 million, with participation from Animoca Brands and others.
London-based regtech firm Eunice secured $8 million, backed by Moonfire Ventures.
Startale, co-developer of Soneium, raised $63 million in Series A, with participation from SBI Group.
Ethereum block builder Eureka Labs raised $6.7 million in seed funding.
Privacy-focused stablecoin payment network Payy raised $6 million, led by FirstMark Capital.
Cross-border payment firm Tazapay completed a $36 million Series B round, led by Circle Ventures.
FX settlement company XFX raised $17 million in Series A, focusing on fiat and stablecoin settlement infrastructure.
Policy & Compliance
Hyperliquid weekly trading volume surpassed $15 billion.
Fidelity reiterated its call for clearer SEC rules on crypto activities within alternative trading systems.
A new bill in Delaware aims to bring stablecoins under banking regulatory frameworks.
The U.S. CFTC established an innovation task force focusing on crypto and prediction market regulation.
Bipartisan U.S. lawmakers proposed banning federal officials from participating in prediction market trading.
Echobit Highlights
Echobit launched the Spring Airdrop campaign.
Echobit introduced the Invite to Earn referral program.
Echobit rolled out the Trading Reward campaign.
Echobit launched the Guess Trend Line Chart interactive activity.
Echobit introduced the Game Challenge campaign.
Echobit launched Trade & Get Rewards Vol. 3.
Echobit introduced the Community Wishlist campaign.
Echobit rolled out the Roll The Dice interactive event.
Echobit launched the Growth Sprint campaign.
Echobit introduced the Guess Video Ending interactive activity.
Next Week Preview (Mar 30 – Apr 5)
Polymarket will expand its fee structure on March 30.
FTX will begin its fourth distribution round on March 31, totaling approximately $2.2 billion.
The U.S. will release March unemployment rate and nonfarm payroll (NFP) data.
Sui (SUI) will unlock approximately 42.94 million tokens, representing about 1.10% of circulating supply.
Former Fox Business journalist Eleanor Terrett indicated that the draft CLARITY Act is expected to be released next week.
Echobit will continue tracking global crypto developments — focusing on market movements, regulatory trends, and funding opportunities — helping you stay ahead throughout every market cycle.