Ecosystem Update March 2025

We are excited to present our March 2025 Ecosystem Update, showcasing our group and portfolio companies’ updates. This comprehensive report highlights key developments across our ecosystem, reviews progress on major strategic initiatives, and outlines noteworthy advancements made during the past month.

Macro Overview

In March 2025, the total cryptocurrency market cap experienced notable volatility, starting just below $3 trillion and spiking to over $3.25 trillion around March 3 following President Trump’s announcement of a U.S. Strategic Crypto Reserve. This surge was short-lived, as profit-taking led to a correction below $3 trillion. The market dipped further mid-month to around $2.6 trillion before partially recovering during March 17–23, buoyed by MicroStrategy’s $584 million Bitcoin purchase and the launch of its $500 million STRF preferred share offering. However, the momentum faded in the final week, with the market trending downward again to below $2.75 trillion. Despite institutional support, the month ended on a slightly bearish note.

Key events in March:

On March 2, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve, aiming to position the United States as the "Crypto Capital of the World." This reserve is set to include major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple's XRP. The initiative builds upon an executive order signed on January 2025, titled "Strengthening American Leadership in Digital Financial Technology," which established the Presidential Working Group on Digital Asset Markets to explore the formation of a national digital asset stockpile. The reserve aims to bolster the digital asset sector and counteract what President Trump described as previous administration attacks on the industry. By naming specific cryptocurrencies, the government signals its intent to potentially purchase or hold these assets for strategic purposes. The Presidential Working Group, chaired by the White House AI & Crypto Czar, is expected to provide recommendations by July 2025. Following the announcement, the prices of Solana, Cardano, and XRP experienced notable increases, reflecting market optimism about the government's support for these digital assets.
On March 3, 2025, Binance, the world's largest cryptocurrency exchange, announced plans to delist nine stablecoins for users in the European Economic Area (EEA) to comply with the European Union's Markets in Crypto-Assets (MiCA) regulations. The affected stablecoins include Tether (USDT), FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. This decision aligns with MiCA's requirement that only licensed issuers can offer stablecoins to EEA residents. Binance will continue to allow deposits and withdrawals of these stablecoins but encourages EEA users to convert any non-MiCA compliant stablecoins, as certain features will be restricted for those tokens. This is the second major USDT delisting in the EEA following Coinbase, which will add up the difficulty of using USDT in the EEA. Another major stablecoin, USDC by Circle, is not affected due to its lightning-fast reaction to MiCA compliance.
On March 4 2025, the SEC agreed to drop its lawsuit against Cumberland DRW LLC, a prominent crypto trading firm. This move is part of a broader trend under the Trump administration to ease regulatory actions against cryptocurrency firms. The administration has been reevaluating enforcement actions and signaling a more accommodating stance toward the crypto industry. These developments indicate a significant shift in the U.S. regulatory landscape, with the current administration adopting a more lenient approach toward cryptocurrency firms compared to previous years.
Strategy has recently undertaken significant initiatives to expand its Bitcoin holdings: Launch of Perpetual Preferred Share Offering: On March 18, 2025, Strategy announced the launch of a new perpetual preferred stock offering, named STRF (Strife), targeting institutional and select retail investors. The company plans to offer 5 million shares of Series A Perpetual Strife Preferred Stock to raise $500 million. The proceeds are intended for further Bitcoin acquisitions and general corporate purposes. These preferred shares carry a 10% annual fixed dividend rate, with provisions for incremental increases if dividends are unpaid. Acquisition of 6,911 Bitcoins: Between March 17 and March 23, 2025, Strategy purchased an additional 6,911 bitcoins for approximately $584.1 million. This acquisition increased the company's total Bitcoin holdings to over 500,000 bitcoins, which is over 2.5% of circulating Bitcoins. These actions reflect Strategy's ongoing ambition to leverage capital markets for expanding its Bitcoin portfolio.

Advanced Blockchain’s Ecosystem Update

peaq - In March, Silencio is the first peaq app to come preinstalled on the JamboPhone 2. With a total of 700,000+ phones sold, 9 million users in 121 countries, Jambo integrates peaq's DePIN ecosystem directly into their devices, bringing decentralized infrastructure directly to millions across the globe.

In the meantime, peaq continues to expand its ecosystem, with AquaSave relocated from Solana onto peaq.

Panoptic - Panoptic held a side event Panopticon at ETHDenver. This events attracted a lot of speakers and panelists interested in trading including GSR. At the main event at ETHDenver, Panoptic was also invited as the official collaborator for Uniswap, the largest decentralized exchange in the industry.

Contango - Contango’s V2 continues to develop in numbers, averaging $2 million in transaction fees per year, reaching a notable spike in March 2025. Contango’s team continues to develop their product and plan to launch V3 during the course of 2025.

NeonEVM - Neon announced their full roadmap for 2025 in March. Their roadmap is separated into four stages:

Foundations (Q1 2025): Driving the Solana-Native Shift: Introduced support for Solana wallets, enabling EVM decentralized applications (dApps) to sign transactions using Solana signatures and access users' balances on Solana.
Catalyst (Q2 2025): Igniting the Builder Ecosystem: Phase 2 will launch SDK V2 to streamline balance handling and introduce onchain libraries for easier EVM–Solana interoperability, with a presence at ETHCC for outreach.
Acceleration (Q3 2025): Smashing Barriers: Phase 3 targets release of Tracer API for Solidity debugging, native gas sponsorship for dApps, and R&D on a Rust-based Proxy for decentralization and performance, with engagement at Devconnect and Breakpoint.
Expansion (Q4 2025): Going Global.

Silencio - Silencio has surpassed 1 million users, a significant milestone achieved through its innovative approach of transforming smartphones into decentralized noise data collectors. This community-driven expansion has been remarkably rapid, growing from 50,000 users just a year ago to over a million today.

‍Arweave - Arweave’s decentralized storage product continues to stand out, enabling the upload of 21.06 tebibytes (TiB) in March 2025. Similarly, transaction volume remains stable in Q1 2025, crossing the 1.2m transaction mark since the beginning of 2025.

Mantis - Mantis has shared its newest strategic advisor, Rex St. John. Rex is a well-respected innovator and thought leader in AI, blockchain, DePin, and more. We are sure that he will bring incredibly valuable insights to Mantis, helping us along our journey to delivering impactful DeFAI solutions.

Teneo - Teneo’s nodes with machine IDs reached another milestone, surpassing 1.5 million by the end of March 2025. Click here to access the full analytics dashboard on Dune.

Group Update

March 2025 has been a dynamic month on various fronts.

Staking, DeFi Activities, and Asset Management

Our PEAQ staking activities resumed in March 2025, resulting in the generation of approximately 645,000 $PEAQ year-to-date. These tokens have been monetized on a regular basis. An additional $100,000 DAI tokens have been deployed for further farming of AO tokens. Furthermore, we have been consistently engaged in partially monetizing other positions—such as PEN, MYT, AO, and NEON—using a dollar-cost averaging (DCA) approach. In line with this strategy, we began, as outlined during our strategy presentation at the Eigenkapitalforum in Frankfurt in November 2024, accumulating BTC on April 6, 2025, and shall resume these strategic purchases moving forward, among other planned investments. We expect to moderately build up our liquidity reserve with blue-chip tokens.

We have exited Alluo, given that the project’s development has been paused. A comprehensive list of token sales will be presented during the upcoming investor update call, scheduled for April 15, 2025, from 10:30 to 11:30 CET.

Contango’s first token unlock is scheduled for April 15, 2025, vesting linearly over 18 months. Aside from that, the management team has been recently engaged actively with different trading firms for the potential setup of multitple trading strategies of some of the group’s locked tokens.

Moreover, we have successfully published the valuation of the top 15 assets as of December 31, 2024, adopting a new approach that includes the exact token holdings currently trading in the market. This was primarily intended to increase transparency and respond to the increased demands of our valued investors for this information.

It is worth noting that the recent top 15 assets valuation underscores the importance of portfolio diversification moving forward, especially given the recent decline, which was primarily driven by our $PEAQ token holdings. This approach helps mitigate potential risks arising from increased dependency on the group’s key assets.

Accounting, Auditing & Research

The management team has decided to appoint a new accounting firm for Incredulous Labs and its subsidiaries due to further findings, reflecting the lack of adherence to the basic accounting standards. The new accounting firm has been onboarded successfully and is currently progressing, enabling our team to deliver the consolidated group numbers on time.

In parallel, our team continues to work on the finalization of Advanced Blockchain AG’s numbers and its respective annual report.

As communicated on April 4, 2025, the findings from key historical transactions—including FinPro and other Incredulous Labs-related transactions—will be presented in the upcoming investor update call on April 15, 2025. Click here to register for the update call.

As for the traditional company research initiatives, we have recently appointed Edison Group as a second research partner.

Virtual & Physical Presence

We are pleased to announce that our upcoming Annual General Meeting will be held in person on August 19, 2025, at the Blockchain Center of the Frankfurt School of Finance and Management in Frankfurt am Main. This in-person meeting will be an excellent opportunity to meet our valued investors, directly address their concerns and questions, and present our key upcoming initiatives for the remainder of 2025 and into 2026.

Interestingly, our management board attended the Crypto Assets Conference on March 26, 2025, which was held at the same venue booked for our AGM: the Blockchain Center of the Frankfurt School of Finance and Management.

Human Resources

We were pleased to welcome our new team member, Katja Kunc, who brings over 15 years of experience as an Executive and Sales Assistant. Katja spent 3.6 years in the Fintech Blockchain industry at Cryptix AG, supporting blockchain projects and handling administration and bookkeeping for entities in Austria, Slovenia, Switzerland, and Luxembourg.

Katja now works closely with our management board, focusing on several key areas including accounting, auditing, and admin.

Furthermore, we have recently hired a new team member who will join a Marketing Manager which will be driving our marketing activities and refining core aspects of our communication strategy. The new team member will join our company on April 15, 2025. More details will follow in the upcoming ecosystem update.

As we move through the year, our aim is to rise to every challenge, generate added value for our shareholders, and leave a lasting impression in this dynamic industry. We look forward to forging ahead on this transformative journey together, well into 2025.

Best regards,

Your Advanced Blockchain Team