Day: March 30, 2025

CRO jumps 15% after SEC closes investigation on Crypto.com, is more upside coming?

CRO rallied as high as 17% after the US SEC formally concluded its investigation into Crypto.com. However, most of these gains were quickly erased amid broader market uncertainty. According to crypto.news data, Cronos (CRO) jumped from $0.097 to as high as $0.114 on Mar. 28 before cooling off to around $0.1064 later in the day during Asian trading hours. Its market cap hit $2.94 billion, and daily trading volume spiked by 71%, with about $138 million worth of CRO changing hands. CRO got a boost as the community turned bullish…

Coinbase and Kraken Urge to Block Prosecuting Web3 Builders

On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were involved in “unlicensed money transmitting business” simply through creating an open-source software. The letter doesn’t mention Tornado Cash or Samourai developers, who were prosecuted for their involvement in the creation of the respective Bitcoin mixer platforms. However, the letter is based on the Tornado Cash case. It saw the light…

Vitalik Buterin meows at a robot, and the crypto world loses it

boss

A video of Ethereum co-founder Vitalik Buterin kneeling in front of a robot and seemingly letting out a “meow” sound has gone viral — and, as usual, the crypto industry is already speculating what it might mean for Ether’s future. “The future of Ethereum is in this man’s hands… Meow,” crypto influencer Wendy O said in a March 29 X post. Cork Protocol co-founder Phil Fogel shared the video and commented that “so much” of his professional life and net worth depend on Buterin but reiterated that the entertaining interaction…

Bitcoin Breaks Falling Wedge – Is $110,000 The Next Stop?

boss

A popular market analyst with X username Satoshi Flipper has predicted that Bitcoin could experience a full market rebound after breaking out from a falling wedge pattern. The premier cryptocurrency rose to above $88,000 in this past trading week before experiencing a sudden crash on Friday driven by macroeconomic pressures. Bitcoin’s Falling Wedge Breakout Sparks Rally Hopes  In a recent X post, Satoshi Flipper reports that Bitcoin has broken out of a falling wedge formation on its daily chart, hinting at a potential price uptrend. For context, the falling wedge,…

Here’s why BTC, SHIB, DOGE, ADA prices slipped after U.S. PCE data

The crypto market remained on edge on Friday after the U.S. released the Federal Reserve’s preferred inflation metric. Bitcoin (BTC) price dropped below $85,000, while popular tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and Cardano (ADA) fell by over 3%. The total market cap of all cryptocurrencies tracked by CMC dropped by 2.6% to $2.76 trillion. A report from the Bureau of Economic Analysis showed that the core personal consumption expenditures (known as the PCE) index rose from 2.7% in January to 2.8% in February, exceeding the median estimate. On…

Listing an altcoin traps exchanges on ‘forever hamster wheel’ — River CEO

boss

When a cryptocurrency exchange lists its first altcoin, it sets itself up for an endless cycle of launching memecoins, warns a Bitcoin-only institution executive. “The minute an exchange adds one non-Bitcoin token, they are signing up to be on the forever hamster wheel of memecoins,” River Financial CEO Alex Leishman said in a March 29 X post. “It makes no sense to list ETH if you don’t list the tokens issued on ETH, and the same goes for Solana,” Leishman said. River has no interest in building a “successful crypto…

Bitcoin Sell-Side Risk Ratio Just Dropped Under This Critical Level — What Next For BTC Price?

boss

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

CFTC Frees Crypto Derivatives From Extra Scrutiny

Crypto advocates scored big as the CFTC scrapped a directive singling out digital asset derivatives, easing scrutiny and marking a sharp split among U.S. regulators. Barriers Drop—CFTC’s Crypto Retreat Sets Stage for Relentless Upside Another win for crypto supporters arrived March 28 when the Commodity Futures Trading Commission (CFTC) announced that its Division of Clearing […] Source CryptoX Portal

Grayscale files for Avalanche ETF with Nasdaq

Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list and trade shares of Grayscale’s proposed spot Avalanche exchange-traded fund. If approved, the ETF would hold AVAX (AVAX) directly, offering investors exposure to the Avalanche network’s native token through traditional brokerage accounts. Grayscale’s move comes a week after VanEck submitted an S-1 registration statement to launch a competing Avalanche ETF.  The filing indicates growing institutional interest in regulated altcoin investment vehicles, though the SEC has yet to approve any spot crypto ETFs beyond Bitcoin (BTC)…