March 2025: Oraichain’s EVM Testnet, Bitcoin's Volatility, and AI Advancements
Get up-to-date with the latest trends in crypto, Bitcoin, AI, and beyond. Oraichain's "Market Insights'' series delivers a monthly snapshot of the hottest narratives shaping the blockchain space. Dive into March's market news and discover what's driving innovation.
Major News
MGX Makes $2B Strategic Investment in Binance
Abu Dhabi-based investment firm MGX has made a $2 billion investment in Binance, marking a major step into the digital asset space. This first institutional investment in the exchange signals strong confidence in Binance’s potential and the broader crypto market.
The move further strengthens Binance's presence in Abu Dhabi, where the company employs 1,000 people and holds a Virtual Asset Service Providers (VASP) license, positioning it for future growth in the Middle East. (Source: CoinDesk)
Binance Takes Steps to Align With EU’s MiCA Regulations
As part of its commitment to European Union regulations, Binance will delist non-MiCA compliant stablecoin trading pairs for users in the European Economic Area (EEA) by March 31, 2025. Affected assets include USDT, TUSD, DAI, and others, but MiCA-compliant stablecoins like USDC and EURI will still be available. Binance is offering promotions to help users transition their stablecoins, with no immediate impact on withdrawals or deposits.
Binance’s move reflects their ongoing efforts to create a compliant and secure trading environment, safeguarding users as regulations evolve. (Source: Binance)
Movement Launches Public Beta
Movement Network launched its Public Mainnet Beta, bringing the Move programming language to Ethereum Layer 2. Movement's mainnet beta kicks off with Cornucopia, a liquidity initiative that has attracted $223 million in TVL, jumpstarting DeFi activities.
With features like permissionless smart contract deployment and a cross-chain bridge, Movement aims to offer faster, more secure, and scalable solutions for DeFi. (Source: The Defiant)
ZachXBT Unmasks the ‘Hyperliquid Whale’
ZachXBT's investigation uncovers that the notorious 'Hyperliquid whale' earned $20M through high-leverage crypto trades, with profits linked to illegal exploits and phishing schemes. The whale's crypto journey involved suspicious trades, including a $10M profit ahead of a Trump announcement and a $9M short position on Bitcoin.
This investigation emphasizes the need for greater transparency and security to protect users and promote fair play in the market. (Source: Bitcoin.com News)
Thailand, Japan, and Colombia Strengthen Crypto Frameworks
Governments worldwide are ramping up crypto regulations to foster investment and enhance market security:
Colombia is introducing a licensing framework for VASPs to combat fraud and money laundering, ensuring a safer trading environment for its five million crypto users.
Meanwhile, Thailand’s SEC has approved USDT and USDC for trading, aligning with global trends as stablecoins gain prominence in digital payments.
In Japan, Circle’s USDC has become the first stablecoin approved under the country’s new regulatory framework and will debut on SBI VC Trade on March 26.
These regulatory shifts signal growing government recognition of crypto’s role in the global financial system. (Source: Various)
Solana Showdown: Pump.fun’s DEX vs. Raydium’s Launchpad
The competition between Solana’s top token platforms is heating up. Pump.fun has launched its own decentralized exchange, PumpSwap, cutting out Raydium as its go-to trading platform. The move streamlines token migration, slashes fees, and lays the groundwork for creator revenue sharing.
In response, Raydium is preparing to roll out LaunchLab, a flexible token launchpad designed to offer more control than Pump.fun’s simplified system. As both platforms fight for dominance, Solana’s meme coin and AI token markets stand to benefit from increased innovation and user-friendly tools. (Source: Decrypt)
BTC in March
Bitcoin experienced notable price swings in March, starting with a dip before quickly climbing to a peak of $94.3K. Despite a few fluctuations, the market remained active with Bitcoin bouncing between $81.5K and $85K for most of the month. The final week brought a brief rally, showcasing the market’s resilience before stabilizing around $82.6K. As April begins, all eyes are on macroeconomic factors and market sentiment, which could influence Bitcoin's next move. (Source: Various)
AI in March
China's AI Race Heats Up
China’s AI race is intensifying, with significant strides made by Tencent, Alibaba, and the revolutionary Manus agent, signaling the country's ambition to lead the global AI landscape.
Tencent has launched its T1 model, a powerful addition to China's AI landscape, offering faster, more consistent reasoning with fewer errors. This move is backed by significant investments, with Tencent committing over $10 billion to AI research in 2024 alone.
Meanwhile, Manus burst onto the scene as China’s first fully autonomous AI agent, marketed as a digital employee capable of independent task execution—from stock analysis to business planning—with minimal human input.
Stepping up the race, Alibaba has launched its Qwen2.5-Omni-7B, a multimodal model capable of processing text, images, audio, and video, offering a versatile, cost-effective AI solution.
With each new launch, China is showing that AI progress isn’t slowing down. What once took decades now happens in weeks, and we’re only at the starting line. (Source: Various)
ChatGPT’s Image Upgrade Sparks Viral Creations
OpenAI has rolled out a major upgrade to ChatGPT’s image-generation capabilities, powered by its GPT-4o model. The new feature allows users to create and modify images directly within ChatGPT, with improved accuracy and detail over its predecessor, DALL-E 3. Early reactions have flooded social media with AI-generated images in various artistic styles, including Studio Ghibli-inspired renditions of public figures. With this upgrade, OpenAI has opened a new door for creators, blending innovation and imagination to unlock more creativity. (Source: TechCrunch)
Oraichain in March
Oraichain Launches EVM Testnet: Opening Opportunities
Oraichain’s EVM Testnet is now live, offering developers a robust platform to build EVM-compatible decentralized applications (dApps). With comprehensive tools and resources available, developers can easily deploy EVM smart contracts or port existing dApps onto Oraichain’s ecosystem.
The first dApp to launch on the platform is Agents(dot)land, now live on the Oraichain EVM Testnet, allowing creators to perfect their applications before the mainnet release. Other projects, including Orchai and Distilled AI, are also lining up to deploy on the network.
Moreover, Scanium now fully supports Oraichain’s Testnet, enabling real-time transaction tracking, balance monitoring, and a user-friendly interface to explore the network.
This testnet launch represents a significant milestone in Oraichain’s efforts to expand our AI Agent services onto EVM-compatible chains, paving the way for greater innovation and accessibility in the ecosystem.Learn more:
- Agents(dot)land Testnet EVM: testnet.agents.land
- Developer docs: Oraichain EVM Developer Guide
- Scanium Testnet: testnet.scanium.io
Community Voting: Multi-Chain Expansion of AI Agents Launchpad
Oraichain’s community has spoken, with Proposals #304 and #305 passed in favor of expanding the Agents(dot)land launchpad. Agents(dot)land will soon evolve into a multi-chain platform, extending its reach beyond Solana to include Oraichain and future chains.
Additionally, $MAX has been selected as the universal subscription token across all supported chains, streamlining the tokenomics for a more unified experience. Meanwhile, $ORAI will continue to play a crucial role in bonding curves and listing pairs for launches across the network.
Oraichain FDC 2025: Empowering Validators
The Oraichain Foundation Delegation Campaign (FDC) 2025 is underway with key updates to enhance the security and decentralization of the Oraichain network. This year’s campaign features a three-tier structure designed to support both newcomers and experienced validators, offering tailored delegation and incentives. A total of 3M ORAI will be allocated, split between the Oraichain Foundation and DAO Treasury.
As part of the first delegation round, many legacy validators who have not met the required standards for uptime and governance participation will have their delegation reduced or undelegated. The final list of selected validators for the 2025 Oraichain Foundation Delegation Campaign has been published following a detailed review. Learn more.
Wrapping up
March brought major shifts in crypto and AI. Bitcoin showed some volatility, while the AI race and new regulations in many countries like Thailand and Japan highlight the rapid global changes.
Oraichain made strides with the EVM Testnet launch and multi-chain expansion for Agents(dot)land. Meanwhile, the 2025 Delegation Campaign is helping strengthen the Oraichain network. The pace of innovation is clear—things are moving fast, and there’s no slowing down.
Explore these advancements and join Oraichain’s thriving ecosystem today! Don’t forget to stay tuned for more exciting updates!
