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Today's Top Crypto Headlines:
Saylor Hints at BTC Buy | Sonic’s Algorithmic Stablecoin | US Treasury Drops Tornado Case and more...
King Fatrick Gil Añasco
March 24, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Saylor Hints at BTC Buy: Michael Saylor suggested another Bitcoin purchase after Strategy raised $711M. The firm’s last buy added 130 BTC.
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Sonic’s Algorithmic Stablecoin: Sonic Labs plans a high-yield algorithmic stablecoin, raising Terra-Luna collapse fears.
💡Feature of the Day - US Treasury Drops Tornado Case: The US Treasury removed Tornado Cash from sanctions, calling its lawsuit moot. Coinbase warns Treasury may re-list it.
All this and more in today’s headlines!
📰 News Highlights:
Strategy co-founder Michael Saylor hinted at another Bitcoin purchase following the company’s latest capital raise.
Needs more Orange.
— Michael Saylor⚡️ (@saylor)
12:58 PM • Mar 23, 2025
The firm’s last BTC acquisition on March 17 was one of its smallest in history, adding 130 BTC worth $10.7 million.
Strategy has acquired 130 BTC for ~$10.7M at ~$82,981 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 3/16/2025, we hodl 499,226 $BTC acquired for ~$33.1 billion at ~$66,360 per bitcoin. $MSTR $STRK
— Michael Saylor⚡️ (@saylor)
12:07 PM • Mar 17, 2025
Saylor’s social media post suggested another buy might follow, as the company secured $711 million through a preferred stock offering.
He continues advocating for BTC adoption, even proposing that the US government acquire 25% of Bitcoin’s total supply by 2035.
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Sonic Labs is launching a high-yield algorithmic stablecoin, reviving concerns about a potential collapse like Terra-Luna’s.
POC looks good. Yielding > 200% APR @ 10m tvl, around 23.5% APR @ 100m, steady at around 4.9% at 1bn+.
Will scale up and get team for a full release.
— Andre Cronje (@AndreCronjeTech)
7:07 PM • Mar 22, 2025
Co-founder Andre Cronje revealed it could offer up to 23% APR but admitted to PTSD from past failures.
Pretty sure our team cracked algo stable coins today, but previous cycle gave me so much PTSD not sure if we should implement.
— Andre Cronje (@AndreCronjeTech)
12:23 AM • Mar 21, 2025
Despite skepticism, Sonic’s testnet has demonstrated a record 720-millisecond transaction finality, making it one of the fastest Ethereum Virtual Machine (EVM) chains.
This is the Terra Luna chart.
On the left is the full chart. You can see when the death spiral began. The token should be completely dead right?
On the right is the 7 day chart. People are still buying it even though it’s dead.
No matter what people will still buy dead tokens.
— ⚡️Optimus KevTron⚡️ (@OptimusKevTron1)
3:25 AM • Mar 22, 2025
The project draws comparisons to Terra’s UST, which collapsed in May 2022, wiping out billions in value.
💡 Feature of the Day:
The US Treasury argues its lawsuit against Tornado Cash is now moot after removing the crypto mixer from its sanctions list.
Power does not recede voluntarily. It's gasps and it gasps until it no longer can. @USTreasury filed yet another late Friday pleading against Tornado Cash. After grudgingly delisting TC, they now claim they've mooted any need for a final court judgment. But that's not the law,
— paulgrewal.eth (@iampaulgrewal)
8:01 PM • Mar 23, 2025
The move follows a court ruling that deemed the initial sanctions unlawful.
Under the voluntary cessation exception, a defendant’s decision to end a challenged practice moots a case only if the defendant can show that the practice cannot “reasonably be expected to recur.” Friends of the Earth, Inc. v. Laidlaw Environmental Services (TOC), Inc., 528 U.S.
— paulgrewal.eth (@iampaulgrewal)
8:01 PM • Mar 23, 2025
However, Coinbase’s legal chief Paul Grewal insists Treasury cannot avoid final judgment, warning they could re-list Tornado Cash in the future.
😂 Crypto Meme of the Day:
Meme of the day provided by @cryptomemebot
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com