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Today's Top Crypto Headlines:
Coinbase Halts NY Memecoins | India Arrests Garantex Founder | My Pet Hooligan Joins Arbitrum and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Coinbase Halts NY Memecoins: Coinbase will suspend FLOKI, TURBO, and GIGA trading in New York from April 14, 2025, amid asset reviews.
📈Technical Analysis Masterclass - Pi Network is testing a critical resistance zone ($1.65–$1.95) after a period of steady growth. Watch UseTheBitcoin’s latest Youtube video “” to see if this signals a potential bullish momentum or join our Official Telegram Channel for more alpha!
India Arrests Garantex Founder: Indian authorities arrested Aleksej Besciokov, co-founder of Garantex, at the U.S.’s request. The exchange was sanctioned for laundering illicit funds, including those tied to North Korea’s Lazarus Group.
💡Feature of the Day - My Pet Hooligan Joins Arbitrum: The Karrat Foundation is launching Studio Chain on Arbitrum, with My Pet Hooligan as its flagship game.
All this and more in today’s headlines!
📰 News Highlights:
Coinbase announced it will suspend trading of meme coins Floki (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York starting April 14, 2025.
We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for FLOKI (FLOKI), Turbo (TURBO), and Gigachad (GIGA) in New York only on April 14, 2025, on or around 2 PM ET.
— Coinbase Assets 🛡️ (@CoinbaseAssets)
8:22 PM • Mar 12, 2025
This move follows the exchange’s periodic asset reviews, sparking speculation about potential legal implications.
I’d put a lot of money on this being tied to a pending legal case in NY.
— Ariel Givner (@GivnerAriel)
9:32 PM • Mar 12, 2025
Despite the news, the tokens saw slight price gains, continuing the trend of the “Coinbase Effect,” where listings initially boost token prices before stabilizing.
📈Technical Analysis Masterclass:
Key Levels to Watch
Resistance ($1.65 – $1.95): Strong selling pressure may slow down further price increases.
Support ($1.65 – $1.50): If Pi gets rejected, it could pull back to this range. Ideal entry points are closer to support levels.
What If Pi Breaks Above Resistance?
A confirmed breakout above $1.95 could trigger further upside.
Holding above this level may lead to a new uptrend.
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Indian authorities arrested Aleksej Besciokov, co-founder of Russian crypto exchange Garantex, in response to a U.S. request.
In a coordinated action with CBI, Kerala Police arrests wanted criminal of USA from Thiruvananthapuram
— Central Bureau of Investigation (India) (@CBIHeadquarters)
2:01 PM • Mar 12, 2025
Garantex was sanctioned in 2022 for allegedly laundering stolen funds, including those linked to North Korea’s Lazarus Group.
Garantex crypto exchange admin arrested while on vacation - @serghei
— BleepingComputer (@BleepinComputer)
5:19 PM • Mar 12, 2025
The arrest follows a U.S. crackdown, which included taking down the Garantex website and filing charges against Besciokov and associates.

The indictment alleges Besciokov knowingly facilitated criminal transactions through his exchange.
💡 Feature of the Day:
The Karrat Foundation is launching Studio Chain, a gaming-focused blockchain built on Arbitrum’s Ethereum layer-2 technology, with My Pet Hooligan (MPH) as its flagship game.
The Karrat Foundation is building Studio Chain with the best partners in the space, @arbitrum@amgistudios.
Studio Chain will offer a rich franchise for gaming and entertainment, kicking off with their flagship social-action game on @Xbox, @mypethooligan. Powered by… x.com/i/web/status/1…
— Arbitrum (@arbitrum)
12:28 PM • Mar 13, 2025
The project aims to integrate Web3-native gaming, offering players true asset ownership, tokenized IP, and innovative funding models.
ITS OFFICIAL! 🚨
My Pet Hooligan and AMGI Studios are excited to build with Arbitrum and Studio Chain. Unlocking the future of gaming and entertainment. Powered by KARRAT.
— My Pet Hooligan (@mypethooligan)
12:43 PM • Mar 13, 2025
Developed by AMGI Studios, MPH will leverage blockchain technology for enhanced interoperability across gaming platforms, including Xbox and additional PC launchpads.
To celebrate our Xbox announcement, we're doing an EPIC giveaway! 🎉
For a chance to win 1 x MPH branded Xbox! 🎮
- Wishlist My Pet Hooligan on the Xbox store
- Post a screenshot or picture in the comments
- Like & RT the postWishlist here: xbox.com/en-US/games/st…x.com/i/web/status/1…
— My Pet Hooligan (@mypethooligan)
9:09 PM • Mar 12, 2025
😂 Crypto Meme of the Day:

Meme of the day provided by @SimonDesue
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com