Crypto ATM Scams Surge, US Lawmakers Target Prediction Markets, and Banks Deepen Stablecoin Bets

weekly crypto recap 7 to 13 march
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Another week, another crypto recap. The week produced its most vital news through five important stories.

Crypto ATM fraud reached $333 million in 2025. The total financial damages from Crypto ATM-related scams reached $333 million in 2025 because fraudsters used impersonation and urgent payment tactics to target vulnerable individuals. 

Betting on Death and War Could Soon Be Illegal Under New U.S. Bill. US lawmakers introduced a bill that would ban prediction markets tied to events like deaths, assassinations, or armed conflicts, citing ethical and security concerns.

Mission Inaction: Washington’s Bitcoin Reserve Still Hasn’t Acquired a Single Coin. The US government has not yet purchased any Bitcoin despite previous discussions about establishing a strategic Bitcoin reserve which remains inactive until further action occurs.

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Societe Generale Expands Euro Stablecoin to Stellar. Société Générale extended its euro-backed stablecoin service to the Stellar network to enhance its capacity for international cross-border settlement operations.

Western Union and Crossmint Team Up for Solana Stablecoin. Western Union established a partnership with Crossmint to test stablecoin transfers on the Solana network which will enable them to achieve faster international payment processing.

This week showed rising fraud risks, tougher political scrutiny on prediction markets, and continued expansion of stablecoins by major financial institutions.

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The Story Sculptor
With a BA in Journalism and over 11 years of experience in Arabic and English media, I bring a newsroom mindset to the fast-paced world of crypto content. From breaking news to in-depth features, I’ve worked across leading platforms. Today, as a content writer in the Web3 space, I aim to make complex topics like blockchain, crypto, and digital innovation accessible to a wider audience, without compromising clarity or credibility.

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