During the weekend, the crypto space saw several notable crypto news updates.

President Trump's social media post boosted the TRUMP coin price. An independent miner operator secured a rare BTC block reward.

President Trump’s post on Truth Social mentioning the TRUMP memecoin sparked a rapid 10% surge in the coin’s price within less than an hour on Sunday. This move followed a period of inactivity for nearly eight hours after the coin’s price had already risen by 2%.

The U.S. president’s comment, “The greatest of them all, TRUMP coin! Make America Great Again!,” and a related post on X, formerly known as Twitter, contributed to a $250 million increase in the coin’s trading value.

The coin peaked at $12.25 before moderating to trade at around $11.38. Moreover, the increased momentum brought the coin’s total trading volume over the weekend to approximately $1.4 billion.

One major investor, who had previously made nearly $108 million from TRUMP memecoin trades, lost $207,000 due to the rapid fluctuations.

The $TRUMP token reached a market cap of roughly $14.6 billion in January, but it has since shown a generally downward trend. Experts warn that while brief rallies can attract investor attention, the long-term trajectory of the $Trump token remains uncertain.

The world’s fastest layer-two platform, MegaETH, brought back privacy service Tornado Cash to its testnet after the U.S. Treasury removed the service from its sanctions list.

An appeals court ruling challenged the limitations on smart contracts, leading to this adjustment. A developer known as GUNBOATs confirmed the service’s return by sharing a snapshot of the smart contract “0x0cB…65142.”

putting tornado cash on fastest chain ever @megaeth_labs pic.twitter.com/NoxUsX3Mbf

MegaETH’s testnet is capable of achieving 10-millisecond block times and processing up to 20,000 transactions per second. However, it remains to be seen whether Tornado Cash will gain widespread adoption on this network.

The miner, operating a rig with less than one terahash per second capacity, solved block 888,989. Many consider this event statistically improbable.

The miner, operating a self-hosted public mining pool, had the good fortune to solve block 888,989. This rare success occurred after a period of inactivity for the pool.

The current 3.125 BTC subsidy and 0.027 Bitcoin from transaction fees made up the total Bitcoin mining reward.

Another independent miner previously solved block 887,212 on March 10, earning around $263,000 in rewards. This occurred after a period of inactivity for the pool.

However, another miner, operating a rig with less than two terahash capacity, had no luck securing a block during the weekend.

Despite rumors circulating on social media about an alleged ban on U.S. citizens engaging in cryptocurrency-related activities on foreign platforms, the rumor mill went into overdrive.

Following the International Monetary Fund’s (IMF) latest guidelines, which recognized Bitcoin (BTC) as a medium for exchange and noted its potential as a store of value, fresh debates arose within the cryptocurrency community.

Some reports claimed that the institution had likened BTC to “digital gold,” but this was an exaggeration of the IMF’s statement.

Image 1 – Published by the IMF, March 24, 2025.

Industry experts, including Satoshi Action Fund CEO Dennis Porter, quickly clarified that the IMF report was not an endorsement. Instead, the publication provided detailed classifications, differentiating fungible tokens from non-fungible ones.

Moreover, the institution’s analysis included an examination of stablecoins and their role in the broader crypto ecosystem.

At the same time, ongoing discussions between the IMF and representatives from El Salvador are aiming to adjust the nation’s crypto regulation framework on Bitcoin.