"SEC Drops Coinbase, Uniswap Lawsuits; BofA Eyes Stablecoin"

The crypto landscape witnessed significant regulatory shifts this week, with the U.S. Securities and Exchange Commission (SEC) dropping lawsuits against Coinbase and Uniswap. Meanwhile, Bank of America (BofA) expressed interest in launching a USD-pegged stablecoin, pending legislation.

In the crypto market, Bitcoin (BTC) fell by 2.7% following substantial losses in major stock markets. The S&P 500 and Nasdaq indices experienced significant declines, with nearly $900 billion and up to $650 billion wiped off their values, respectively. Despite this, Michael Saylor's MicroStrategy expanded its Bitcoin holdings to 499,096 BTC with a $2 billion purchase.

The Ethereum Foundation (EF) held an Ask Me Anything (AMA) session on Reddit, featuring prominent researchers such as Vitalik Buterin, Justin Drake, and Dankrad Feist. The session covered critical topics like Ethereum scaling, Layer 1 revenue, network security, and the upcoming Pectra upgrade. MetaMask, an Ethereum wallet, announced plans to expand beyond Ethereum by integrating Bitcoin and Solana, introducing smart contract capabilities, and enhancing transaction efficiency.

In the business sector, Ethena, a crypto project with a dollar-pegged token, raised $100 million in a funding round to develop its blockchain ecosystem and introduce iUSDe, a token tailored for traditional financial institutions. Web3 entertainment projects like POPG are shaping the industry's next phase by integrating multiple verticals within a single ecosystem. Web3 infrastructure startup iExec released its 2025 roadmap, outlining plans to expand the utility of its native token RLC and become a foundation for "Trusted AI" applications. Decentralized AI developer Sentient is launching Sentient Chat, a high-capacity, user-friendly chatbot similar to Perplexity. Layer 1 relational blockchain Chromia announced the rollout of its Mimir Upgrade on March 25, introducing one of the world's first decentralized vector databases.

The regulatory landscape saw several notable developments. The SEC officially dropped its lawsuit against Coinbase, signaling a shift in its approach to cryptocurrency regulation. The agency also closed its investigation into Uniswap without pursuing any charges, marking a significant win for the decentralized finance (DeFi) sector. BofA expressed its readiness to launch a USD-pe