The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high.Decisions on Grayscale’s filings for Dogecoin (DOGE), XRP, Litecoin (LTC), and Cardano (ADA) ETFs were delayed. The SEC also delayed decisions for XRP ETFs filed by Canary Capital, Bitwise, and 21shares. The regulator also postponed decisions on the Solana (SOL) ETFs filed by 21shares, Canary, and VanEck. Canary’s Litecoin filing was the last altcoin-related ETF delay.Other crypto ETF delays include in-kind creation and redemptions for BlackRock’s IBIT,…
Author: cryphedge
The explosive rise of presidential memecoins has created once-in-a-lifetime opportunities for early adopters. Traders who secured early positions in tokens like $TRUMP and $LIBRA have seen astronomical returns, with some wallets flipping modest investments into millions. However, the harsh reality is that these gains are often reserved for insiders who gain access to tokens at launch prices before retail traders even have a chance to participate. The result? A rigged game where insiders rake in massive profits while everyday traders are left holding the bag. If you’ve been in the crypto space long enough, you already know that the biggest…
Lawmakers and industry experts discussed the importance of US dollar-backed stablecoins in the financial system and the urgency of a regulatory framework for these assets during a hearing convened by the US House Committee on Financial Services on March 11. Titled “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency,” the hearing also discussed concerns surrounding a potential central bank digital currency (CBDC) in the US.Stablecoins vs. CBDCsThe hearing addressed potential benefits stemming from stablecoins and criticized harmful traits of CBDCs. House Financial Services Committee chairman French Hill argued…
The crypto market is experiencing a significant decline, triggered by global trade tensions. Moreover, President Trump’s Executive Order to set up a Strategic Bitcoin Reserve has surprisingly left crypto traders feeling let down. As a result, the price of Solana has fallen sharply, along with a decrease in important on-chain metrics. Despite a recent recovery from its lows, the price of Solana appears likely to fall below $100 soon.Solana’s Realized Price Drops to 3-Year LowOver the last 24 hours, SOL price witnessed nearly equal domination among buyers and sellers. Data from Coinglass shows that Solana faced a total liquidation of…
OKX has denied claims that European regulators are examining its Web3 service for allegedly allowing Bybit hackers to launder $100 million in stolen funds.A recent Bloomberg News report claimed that authorities are analyzing potential violations of the Markets in Crypto-Assets (MiCA) regulation by OKX and are debating whether to impose penalties, including revoking the exchange’s MiCA authorization.Claims of regulatory scrutinyAccording to Bloomberg, regulatory authorities are assessing whether OKX’s Web3 platform falls within MiCA’s scope. Some officials reportedly argue that OKX’s integration of Web3 services within its primary exchange and its terms of use make it subject to MiCA’s compliance requirements. The article…
Currently, Solana (SOL) is trading at $125.57 after a 3.93% increase in the last 24 hours. Although this daily rebound is encouraging, the fact that SOL is down 37.90% over the past 30 days indicates sustained bearish pressure over the longer term. This mixed performance points to a volatile market, where short-term rallies can coexist with a longer-term downtrend. The challenge for traders is to determine whether today’s recovery is a sign of a renewed upward trend or merely a temporary bounce before further declines. Solana Price Analysis The 20-day and 50-day Simple Moving Averages (SMAs) are critical for gauging…
Despite the current volatility in the overall crypto market, CoinCodex predicts a potential 300% surge for Dogecoin to $0.60 by April 6. Rising global trade tensions, including U.S. tariffs and EU countermeasures, have fueled investor caution and contributed to DOGE’s bearish performance. The crypto market has seen a steep decline in the last month, with Bitcoin (BTC) dipping below the $80,000 level. This had a cascading effect on other cryptocurrencies, including Dogecoin (DOGE). In the last 24 hours, the worldwide crypto market capitalization has dropped by 4.8%, standing at $2.71 trillion. Dogecoin has not escaped, posting an 8.3% slide in…
The Pi Network price prediction shows that the cryptocurrency is, at the time of writing, in a correction phase after hitting its all-time high of $3. Currently trading at approximately $1.39, investors and traders alike are actively monitoring to see if PI can actually break through the crucial $1.5 resistance level this week. The pi coin price analysis has effectively catalyzed numerous significant discussions among market participants who believe that if buyers can successfully leverage their positions to push above this threshold, we might potentially see a relief rally toward the $1.8 mark.Also Read: Shiba Inu: Analyst Predicts SHIB To…
The cryptocurrency market has always been marked by cycles of dramatic growth and corrections, but one narrative remains consistent: Bitcoin (BTC) often leads the charge.With analysts speculating that BTC could finally reach the $200,000 milestone, interest in altcoins like Solana (SOL) and emerging players such as BinoFi (BINO) has risen sharply.While Bitcoin often sets the tone, Solana and BinoFi are carving their paths with unique opportunities, making them key assets to watch in this scenario.Solana (SOL): Proven Innovation in a Maturing MarketSolana has been one of the standout performers over the last few years, emerging as a leader in providing…
Over the last 24 hours, the price of Hbar has been witnessing a strong bearish rally around $0.2. The price initially dropped below $0.2; however, it faced a minor buying demand later. As a result, the price of Hbar recovered toward $0.2 though it recorded a drop of nearly 5.5%, touching the low around $0.178. Additionally, Hedera’s trading volume has surged 22.5% in the last 24 hours, reaching $560 million. Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. On February 3, the price of HBAR crashed heavily as it…
