Crypto Chronicles

1-Blockchain is a top priority for cross-border commerce under Brazil's BRICS presidency: report

According to Brazilian newspaper Valor Econômico, sources close to the matter suggest that Brazil may use blockchain to improve BRICS trade transactions, which began in January.

The idea seems distinct from previous BRICS currency negotiations. According to sources close to the talks, the goal is “not to create a currency to compete with the dollar as the standard medium of exchange in foreign trade” because U.S. President Donald Trump has threatened to impose a 100% tariff on currency replacements.

Instead, international transaction efficiency appears to be the priority. After evaluating Drex, a tokenized financial transaction infrastructure initiative, Brazil's central bank may integrate blockchain into its financial system, the article said. However, the initiative is apparently having trouble reconciling privacy and regulation.

An alternative network like Brazil's Pix system might raise issues about “governance and the sovereignty of the participating countries,” the research says.

Since the BRICS alliance includes a particular communication channel between central banks, Russian deputy minister of foreign affairs Sergey Ryabkov stated stablecoins might play a role in international agreements in April 2024. No official BRICS stablecoin decision has been made since then.

Crypto.news reported in March 2025 that Russian oil businesses are trading Chinese yuan and Indian rupees for roubles using several cryptocurrencies and stablecoins.

2-Orbiter Finance rises 50% after Bithumb's debut

Orbiter Finance went up over 50% in 24 hours with a 24-hour trading volume of over $108 million, up 87%, after Bithumb's listing announcement.

Orbiter Finance (OBT) rose 75% today. The news that Bithumb would list OBT/KRW looks to be the cause. Price rose from $0.018 to $.032 after the announcement five hours ago. OBT is now trading at $0.027, approximately 6% below ATH, according to Coinmarketcap.

After the protocol released its bridging numbers on March 12, Bithumb was listed. According to that report, 101,478 unique users have performed 728,488 Orbiter Testnet transactions to bridge assets across blockchains.

The decentralized cross-rollup bridge Orbiter Finance uses zero-knowledge proof technologies to transmit digital assets across Ethereum's Layer 2 networks. Over $28 billion has been transacted since the protocol started three years ago.

The governance and staking OBT token was issued on Ethereum (ETH), Arbitrum (ARB), and Base (BASE) in January 2025 with 10 billion OBT. The community receives 40% of OBT tokens via airdrops and incentives, starting with 22% for Orbiter users and continuing monthly.

20% promotes ecosystem expansion and collaborations, 15% the Orbiter Foundation's goal. Another 15% goes to team and contributors. The remaining 10% goes to series seed and A investors including OKX Ventures, Lemniscap, Mirana Ventures, Amber Group, and Dialectic.

3-Matrixport: Memecoin market slumps despite global liquidity improvement

After the apparent crypto market crisis in mid-February, memecoins have not recovered. According to the latest Matrixport analysis, the memecoin market is untouched by the U.S. dollar falling, which has increased liquidity and inflation.

Matrixport researchers cautioned traders of a memecoin-related crypto consolidation period in a prior report. Recent investigation indicates increased liquidity in Solana Solanasol.

Raydium's locked value fell 71% for Solana-based automated market makers like Serum. In contrast, Solana's TVL fell 37%.

Alternative investments often benefit from global liquidity, represented by the money supply of 28 central banks. In addition, Matrixport stated that the U.S. inflation data was stronger than predicted, amid unclear trade policies that might lead to Fed monetary policy relaxation.

When central banks increase liquidity or adopt accommodating policies, investors feel more comfortable investing in risky assets like crypto, driving up prices and trade volumes.

The memecoin market has not had this influence, according to Matrixport. Last December, the memecoin market value hit $137 billion. Since then, it has dropped $86 billion, or 60%, to $51.6 billion.

Analysts think that investors are hesitant about investing more in crypto. Thus, Matrixport expects modest altcoin recovery.

Pump.fun, the top memecoin launchpad, has suffered a dramatic fall in income in recent months, according to Matrixport.

Pump.fun’s 12-month sales exceeded $582 million, making it one of this cycle’s most lucrative crypto businesses. Revenue growth has substantially dropped recently, noted Matrixport analysts.

DefiLlama reports that Pump.fun's daily income has gone below $1 million since March 8 and back to September 2024 levels. Even in January 2025, the launchpad made $4.38 million day.

References

Husada, T. (2025b, March 14). Matrixport: Memecoin market still in a slump despite global liquidity improving. crypto.news. https://crypto.news/matrixport-memecoin-market-still-in-a-slump-despite-global-liquidity-improving/

Nassedkina, D. (2025, March 14). Orbiter Finance price rallies 50% on Bithumb's listing announcement. crypto.news. https://crypto.news/orbiter-finance-price-rallies-50-on-bithumbs-listing-announcement/

Omelchenko, D. (2025e, March 14). Brazil's BRICS presidency prioritizes blockchain for cross-border trade: report. crypto.news. https://crypto.news/brazils-brics-presidency-prioritizes-blockchain-for-cross-border-trade-report/