Forex Signals Brief March 20: SNB Rate Cut and BOE Meeting After the FED

Posted on March 20, 2025March 19, 2025 by Skerdian Meta

Yesterday, the FED maintained a neutral stance, as expected. The Bank of England is also anticipated to follow a similar approach today, while the Swiss National Bank is widely expected to cut interest rates.

The Swiss National Bank is expected to deliver a 25 bps rate cut

Continue reading “Forex Signals Brief March 20: SNB Rate Cut and BOE Meeting After the FED” →

Solana Makes an Apology over Controversial Ad

Posted on March 20, 2025 by Olumide Adesina

Anatoly Yakovenko, the CEO of Solana Labs, has spoken out regarding the “America Is Back, Time to Accelerate” commercial, which combined political messaging about gender identity with American patriotism and technological innovation.

Yakovenko wrote in a March 19 X post after facing criticism for the contentious advertisement, “The ad was bad, and it’s still gnawing at my soul. I regret that I played it down rather than confronting it head-on as cruel and a form of retaliation against a marginalized group.”

Those in the Solana ecosystem pointed out the “mess” posted on Solana’s X account, which received over 1 million views and many comments before being removed about nine hours later.

Yakovenko also stated that he will use the educational opportunity to ensure Solana remains committed to decentralization and open-source software development while avoiding “cultural wars.”

In the two-and-a-half-minute advertisement for the Solana Accelerate conference, a man dressed as America in a therapy session claimed to be thinking “about innovation,” such as cryptocurrency.

He should instead do “something more productive, like coming up with a new gender,” the therapist replied, adding that the man should “focus on pronouns.”. The man said he wished “to invent technologies, not genders.”.

Coinbase Biggest platform For Ethereum Staking

Posted on March 20, 2025 by Olumide Adesina

Coinbase is the biggest Ethereum validator, bringing up important decentralization issues while maintaining high security and participation rates.

Coinbase is the clear leader in Ethereum staking with the largest validator network, a 99.75% participation rate, and uptime according to its most recent Validator Performance Report. This ensures that staked assets continue to generate rewards effectively.

The American-listed crypto exchange also stated that there was no double signing/slashing, indicating that user funds were safe. These results may have important ramifications for users who use the platform to stake Ethereum.

Coinbase has made it clear that preventing slashing penalties comes before maximizing uptime. As a result, users might see somewhat lower returns than those of platforms aiming for almost 100% uptime.

Coinbase’s power over the Ethereum network is growing as the biggest single operator. Stakeholders might be worried about centralization as Coinbase’s portion of the Ethereum network increases.
Coinbase’s expanding market share has sparked concerns about Ethereum’s decentralization as big operators gain more control over network governance,. A single entity’s 11–42 percent stake concentration raises concerns about network security.

In a post on X (Twitter), a user commented, “We need more distributed validation.” while transparency is beneficial, decentralization is preferable. Users might have to balance the wider effects of network centralization against the ease of staking with the Coinbase exchange.

Ripple Will Sell Less XRP in Future

Posted on March 20, 2025March 20, 2025 by Olumide Adesina

A major cryptocurrency community victory was achieved when the SEC formally dropped its case against Ripple. Brad Garlinghouse, the CEO of Ripple, has made yet another significant announcement, implying that the company may eventually reduce its XRP sales.

This occurs as Ripple is gaining traction, overcoming legal obstacles, and aiming higher in cryptocurrency.

Garlinghouse addressed concerns regarding Ripple’s XRP sales in a Bloomberg interview. Although the company currently owns 42% of XRP’s total supply, he admitted the business”may not be selling as much” in the future.

He also rejected the criticism, referring to it as “falsehoods” and pointing out that Ripple is frequently chastised for holding and selling XRP.

Brad Garlinghouse responded to the ongoing criticism of XRP sales. According to him, the business may eventually reduce them. Garlinghouse told Bloomberg’s Sonali Basak, “Maybe we won’t be selling as much at some point.”The 53-year-old executive also claimed that some critics of Ripple were disseminating “falsehoods” about the business.

Ripple must now choose whether to reach a deal with the SEC to “drop everything,” including the $125 million fine and permanent injunction, or to proceed with its cross-appeal to address the remaining issues.

Notably, Ripple has already paid the $125 million fine, which is presently in escrow, in partial compliance with Judge Torres’ ruling.

According to Garlinghouse’s statement in the interview, Ripple has no problem getting the money back. The CEO of Ripple said, “That is something we would not mind having back.”

The Crypto company wants to get Ripple USD (RLUSD) into the top 5 by the end of the year. He believes there will be a significant increase in this market sector.

New Ripple Price Forecast After SEC Win – Can XRP Hold 3rd Place and Break to New Highs?

Posted on March 19, 2025March 19, 2025 by Skerdian Meta

Early this morning the Ripple price surged 10% after some great SEC news, but will we see the XRP break above $3.40 soon? Continue reading “New Ripple Price Forecast After SEC Win – Can XRP Hold 3rd Place and Break to New Highs?” →

XRP:SEC ends battle against Ripple

Posted on March 19, 2025March 19, 2025 by Olumide Adesina

Brad Garlinghouse, Ripple’s CEO, announced on X on March 19 that the US SEC had dropped its long-running lawsuit against the company, ending a four-year legal battle that cost XRP holders about $15 billion in losses.

“The time we’ve been waiting for has finally arrived.” SEC will withdraw its appeal, a huge win for Ripple, XRP, and the crypto industry.

“I can finally declare that this case is over. “It’s over,” Garlinghouse declared during a video speech. ‘I sit here today and think back on the events of four years ago that this case was doomed from the beginning. Ripple’s leader added

Garlinghouse’s announcement comes after reports surfaced last week that the financial watchdog considers classifying XRP as a commodity as part of ongoing settlement talks with Ripple.

The possible reclassification results from evaluating XRP’s trading characteristics and utility compared to Ethereum, which the SEC classifies as a commodity.

SEC has made great strides to change its regulatory strategy under the Mark Uyeda administration. The financial watchdog has also stopped over ten high-profile crypto enforcement cases, against Coinbase, Uniswap Labs, and Kraken.

The court’s earlier decisions that XRP is not a security, according to Garlinghouse, are now accepted legal precedents. , Garlinghouse said the “war on crypto” was over with today’s resolution

He expressed hope that Ripple’s successful defense would catalyze other industry players in addition to calling for industry unity and urged participants to “come together” and “leave the tribalism behind,”, encouraging them to stand firm against regulatory overreach. He also shared his vision for the US to become the “crypto capital of the world.”.

The CEO of Ripple also expressed gratitude to the XRP community, partners, the legal team, and Ripple employees for their support during the protracted legal battle.”.

Ripple’s XRP needs Oxygen to Break High

Posted on March 19, 2025 by Olumide Adesina

XRP is having trouble breaking the $2.4 resistance level amid improved market conditions in the crypto market. The next significant resistance is $2.8, which will be reached if XRP breaks the $2.4 line. A move above $2.8 might push XRP closer to its seven-year peak.

Moving Average Convergence Divergence (MACD), Stochastic Oscillator (Stoch), and Relative Strength Index (RSI) are all attempting to reach their neutral values. A strong crossover above their neutral levels could signal a shift of dominant bullish momentum and raise the price of XRP.

Additionally, XRP funding rates have primarily been negative in recent weeks, suggesting that most traders are initiating short positions amid the market’s consolidation phase. XRP’s price decline has been modest though its derivatives market indicated heightened bearish sentiment. XRP was able to pull off a 5.4 percent gain for the week. Most of XRP’s recent distribution originates from digital assets, a year old or younger on the Dormant Circulation metric, which tracks the movement of previously idle tokens.

Ripple Labs has been the target of a lawsuit from the SEC, accusing the company of offering unregistered securities by selling XRP tokens.

This legal dispute has been the primary focus of the cryptocurrency industry because it has implications for the classification and control of digital assets in the United States.

The Ripple-based token market value could see a turnaround following a favorable court ruling. Analysts believe these events could trigger a significant influx of institutional capital, increasing demand and influencing the price of XRP.

If ETFs are allowed and institutional demand reaches the levels seen after the launch of Bitcoin futures contracts in early 2024, XRP could reach a market capitalization of $ 200 billion

Cardano: Social interest High

Posted on March 19, 2025 by Olumide Adesina

The altcoin has been in the social media spotlight amid ongoing market volatility. The 8th most valuable crypto asset by market value was trading at 71 cents, slightly up for the day, with a market valuation of $25.2 billion.

Cardano’s crowd sentiment seems to have shifted as it reached a significant milestone that might spark a much-needed recovery. According to Santiment’s most recent data, Cardano sentiments surged to their highest level in more than four months.

Social media users post more than three out of five positive comments for every negative one. This ratio hasn’t been observed since late October to early November 2024.

However, Whales offloaded over 100 million ADA tokens last week which further heightened selling pressure and raised concerns about the asset’s short-term performance.

President Donald Trump declared that ADA would be one of the crypto assets included in the U.S. strategic crypto reserve

Later, an executive order stated altcoins would be supervised by the Treasury and added to the Digital Asset Stockpile (DAS).

Although this was a positive step, market players quickly criticized Cardano’s inclusion, pointing out that its low activity levels have hurt its price. Second, Frederik Gregaard, CEO of the Cardano Foundation, affirmed that the project is working with NASA on blockchain-based data solutions.

The collaboration focuses on satellite data applications, track-and-trace systems, and data provenance. NASA utilizes Cardano’s advanced Merkle Patricia Tries (MPTs) to ensure efficient and verifiable data storage. Cardano can handle enormous volumes of data thanks to MPTs, which update datasets continuously unlike many other blockchain networks,

Forex Brief March 19: BOJ and Fed Set to Drive Forex and Stock Market Volatility!

Posted on March 19, 2025March 18, 2025 by Skerdian Meta

Today the BOJ and the FED are expected to keep rates steady, but US and Japanese stock markets may be shook by the tone of the rhetoric.

The FED and BOJ are expected to keep interest rates unchanged today

Continue reading “Forex Brief March 19: BOJ and Fed Set to Drive Forex and Stock Market Volatility!” →

Ethereum might have hit bottom

Posted on March 19, 2025 by Olumide Adesina

Ethereum appears to have reached its lowest point. The Ethereum Cost Basis Distribution (CBD) measurements have shown an increase in supply at $1.8K, from 1.6 million Ether to 1.9 million Ether, based on the Glassnode report

According to Glassnode, this event raises the possibility of a short-term price floor. Investors continue to purchase at lower levels while maintaining support at the $1.8K mark.

The proprietary capitulation index for ETH, which is achieved by integrating data on realized loss and CBD, is substantially matched by the previously provided data. The figures are derived by applying weighted sell volumes and accounting for non-linear economic hardship.

The altcoin is far from market relief as the ETH/BTC ratio drops to 0.02 a benchmark not seen since May 2020. A 30% monthly decline has been observed as the asset can’t maintain its position below the critical support level of $2.1K

Ethereum whales, meaning wallets holding at least 1,000 ETH, peaked at 5,828 addresses on February 22 and have been dipping.
the number of Ethereum whales has reached 5,752 despite a recent recovery attempt. Ethereum market dominance has fallen to its lowest levels since 2020.

The slow decline in large holders indicates a cautious approach by major players. Ethereum’s price action remains unpredictable, prompting some large investors to reduce their exposure or take profits.

If the continued reduction in the number of Ethereum whales persists, it could mean that institutional or high net-worth investors are becoming less confident or adopting a more risk-averse posture.