This Week in Solana March 24-30th 2025

March 30, 2025

It’s been a tough past few months for everyone in crypto with prices going sideways and down. The stock market has also seen a huge drawback and sentiment is extremely low. We’ve seen the SEC drop almost every open case and the US push for regulations, but liquidity has dried up and markets are worried about Trump’s tariffs. All markets are prediction markets, and when there is uncertainty, it’s hard to predict how the economy will fare with all of these changes. The FED is holding back to see the impact of the new changes before making any moves and Trump seems to be trying to force their hand to lower rates.

Key events to keep an eye on

On April 2nd, Trump will announce the tariffs he plans to implement. As always, we never know what he will change his mind to, but if there are new rates put in place, markets can at least work around their impact. It’s hard to adjust when things keep evolving.

The next FOMC (Federal Open Market Committee) meeting is set for May 6th/7th. Powell has said they may only do two smaller 0.25% rate cuts in 2025, but all things point towards QE (quantitative easing). That’s when central banks buy bonds from the government, aka, the money printer gets turned on and it can inject liquidity back into the markets. If that gets paired with a rate cut, it can be a catalyst for upward movements.

If the plan Trump is pushing towards works, we may not see results for a while, but if tariffs can offset being able to remove income tax from anyone making under $150k a year, it could result in pouring gas on the markets. There are two good long form interviews that happened recently with Scott Bessent (Secretary of the Treasury) and Howard Lutnick (Commerce Secretary) that will give you an idea of what they are trying to accomplish.

On Wednesday, the Senate voted 70-28 to repeal the IRS’ DeFI broker rule, that sought to bring in more tax revenue from crypto trading. While the Senate passed a similar CRA resolution on March 4, the House had to pass a new version due to a Constitutional requirement about the origination of budget measures. The resolution is officially on its way to the White House, where Trump is expected to sign it into law.

Bonk (@bonk_inu) officially has acquired the nft art platform Exchange Art (@exchgART). More details to follow, but they want to keep it focused on being an artist driven marketplace.

Toly (@aeyakovenko) showed off his developmental test version of the Seeker phone (@solanamobile) and claims it booted, so there’s some hope! Looks like it might not be until summer.
New @coinbase opt in contest is for $btc with … 100 winners of 1 $sol. It’s usually BTC or ETH + USDC. Makes sense, since @solana is the most searched every single day and has been for a year.
Zeus Network (@ZeusNetworkHQ) has launched officially with zBTC to bring a permissionless wrapped version of BTC to Solana. You can swap for it on Apollo (@ApolloByZeus) (apollodex.io) right now. They are promising DeFi integrations with Kamino, Drift and others, but none appear to be live quite yet. You need BTC on Taproot to be able to swap for zBTC or you can swap any token on Jupiter, etc for zBTC if you don’t want to bother bridging.
People got really excited when Polymarket (@Polymarket) announced they were seemingly coming to Solana. They added support for Solana to bridge to Polygon. It’s still nice to see Solana listed, but it’s not the same as them launching on Solana.

SBF got moved to an Oklahoma prison from NYC lockup after his unauthorized Tucker Carlson interview. People are starting to wonder if Trump will pardon SBF after he recently pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed on Friday.

Two new votes are up for Jupiter Dao (https://vote.jup.ag/) with more groups looking for funding for projects. Make sure you vote for both measures so you keep your streak going.

Pump Fun (@pumpdotfun) is leading in 7d volume and revenue, despite only launching their swap feature 10 days ago.