Bitcoin Bounces Back as UK Bans Crypto From Politics
Welcome to another edition of your favorite weekly news round-up… From Coinigy
UK Prime Minister Keir Starmer and his crew decided they don't want any of that untraceable digital gold flowing into Westminster now. Apparently, tracking blockchain transactions is totally impossible, so we won’t be seeing any more anonymous bags funding campaigns. 🙄
Meanwhile, SBF's parents went on CNN trying to drum up sympathy, but that didn’t do any good to the pardon odds... They went straight down like FTX's balance sheet. And in the department of fraudulent activities, Binance has got everyone wondering, "How is this still happening?" But hey, at least their OTC desk is absolutely crushing it.
Here are the highlights:
- UK Bans All Cryptocurrency Donations to Political Parties
- SBF pardon odds drop after parents’ interview, crypto traders react
- Hackers Reportedly Leak 1.5 Million Binance Account Login Data
- Bitcoin recovers to $67,400 after dipping below $65,200 as Houthis enter Iran war
UK Bans All Cryptocurrency Donations to Political Parties
The United Kingdom has officially banned all cryptocurrency donations to political parties. The government, led by Prime Minister Keir Starmer, stated the move is designed to “prevent untraceable funds from being funneled into U.K. politics.” Under the new regulations, British citizens living abroad will also face an annual cap of approximately $134,000 (£100,000) on political donations and regulated transactions such as loans. According to an official media release, these measures became effective March 25. An amendment to the Representation of the People Bill will be applied retrospectively to enact these changes.
SBF Pardon Odds Drop After Parents’ Interview
The odds of Sam Bankman-Fried receiving a presidential pardon remain a niche, high-profile topic shaping crypto policy discourse rather than a near-term legal turn. After a March interview with CNN featuring Bankman-Fried’s parents, the two leading American prediction markets trimmed their odds for a pardon in 2026, underscoring how public appeals and framing of the case can subtly influence sentiment around the former FTX chief executive. Polymarket and Kalshi kept their 2026 pardon probability estimates in the single digits, yet each nudged slightly downward in response to the interview and subsequent media attention.
Hackers Reportedly Leak 1.5 Million Binance Account Login Data
The world’s largest cryptocurrency exchange by market capitalization has started 2026 with explosive momentum in its over-the-counter trading division. In January and February alone, Binance’s OTC platform recorded 25% of its total volume for all of 2025. This sharp rise reflects a broader market maturation, as large-cap investors and institutional players increasingly seek private execution channels for massive trades. Binance CEO Richard Teng explained that these entities prioritize deep liquidity to avoid slippage and market disruption.
Bitcoin Recovers to $67,400 After Dipping Below $65,200 as Houthis Enter Iran War
Bitcoin dipped to $65,112 early Monday morning, according to CoinDesk data, its lowest level since the February crash, before recovering to $67,402 as Asian markets opened. The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on overnight escalation headlines and found buyers near $65,000, a level that hasn't been tested since the war's opening weekend five weeks ago. Ethereum recovered 2% to $2,044, Solana gained 0.9% to $83.48, and XRP added 1.4% to $1.35. The 24-hour green across the board masks a rougher weekly picture though.
Other Highlights Worth Mentioning
Trump crypto czar David Sacks exits role after 130 days - Protos
Ethereum Foundation Breaks Its Own Record With a $46.2 Million ETH Staking - Be in Crypto
Canada Proposes Ban on Crypto Donations to Prevent Foreign Election Interference - Kucoin
Binance Australia Hit With $6.9M Fine After Investors Lose Millions on Derivatives - Decrypt
COINIGY FACT OF THE DAY
On this day in 2023, Bitcoin Reclaims $29K in post-bear market recovery.
On this day in 2023, Bitcoin traded around $29,000, marking a critical recovery milestone following the brutal 2022 bear market that saw the collapse of major industry players and widespread loss of investor confidence. After spending months below $20K in late 2022, Bitcoin’s climb back toward $30K by March 30 signalled a decisive shift in market sentiment, from fear and capitulation to cautious optimism.
COINIGY MEME OF THE WEEK
