Category: Crypto market

A Break Above This Key Level Could Turn Ripple XRP Price Price Bullish!

Posted on by Skerdian Meta

Ripple has been on a downtrend for two months, with the XRP price making lower highs, but buyers keep returning and soon we will see a break to the upside, probably in April when most are expecting a decision from the SEC.

XRP price still trending down since January
XRP price still trending down since January

Continue reading “A Break Above This Key Level Could Turn Ripple XRP Price Price Bullish!” →

Ethereum struggles for Market Oxygen

Posted on by Olumide Adesina

Ethereum has been unable to hold recent gains despite the recent stability in the crypto market.

 

The super altcoin traded at about $1,925, posting a modest 0.5% gain over the previous day.  The 50-day and 200-day moving averages were $2,300 and $3,000 respectively, thus confirming the long-term bearish trend.

The most recent performance of ETH has been even more agonizing, especially when the digital asset dropped to less than $1,800, its lowest level since November 2023. Market action showed the altcoin resumed its upward trajectory two years later after plunging below $1,000 during the bear market in 2022.

Price action highlighted the altcoin has failed to breach its 2025 highs despite multiple attempts to surpass the $4,000 target in 2024

Most recently, in mid-December, it was rejected. Since then, the price of Ethereum has experienced a sharp decline, culminating earlier this week with a decline below $1,800 (for the time being). Ethereum consequently lost all of its gains following Trump’s election victory and fell to its lowest points since November 2023.

However, Santiment data showed a recent surge in the number of large Ethereum holders, with the total amount held in this category reaching 19.59 million Ethereum. This comes five days after whales amassed more than 420,000 ETH.

This could indicate a resurgence of confidence among major players. Historical data showed price recoveries frequently happen after such accumulation. ETH Whales often purchase dips to bolster their positions.

Solana Community Rejects Governance Change

Posted on by Olumide Adesina

The Solana governance proposal tagged SIMD-0228 was turned down by the SOL community.

Solana

 

SIMD-0228 vote started in March and required 66.67 percent of yes votes to pass. The proposal had only received 43.5 percent of the vote, which was insufficient to pass by the time voting ended on Friday, March 14.

SIMD-0228 goal was to modify the SOL token’s inflation mechanisms. This proposal was intended to change the issuance of new SOL by accounting for SOL amounts deposited in the stake.

Stakeholders and validators of all sizes from various Solana ecosystem segments made up MOST of the voters. Interestingly, validators with huge stakes voted in favor of the proposal, whereas those with 500,000 SOL or less did not.

Multicoin Capital proposed SIMD-228, a governance proposal to change Solana’s inflation rate from a set schedule to a more dynamic, market-based emission mechanism

The inflation rate in Solana is c about 4 percent per year, with a set schedule that drops by 15 percent until it reaches a terminal rate of 1 percent per year. The annual 4 percent inflation rate would be replaced by an emission rate that varies according to the amount of SOL staked, according to SIMD-228. Throughout the Solana ecosystem, the proposal sparked intense discussions.

A dynamic model will lower inflation, stabilize the price of SOL, and encourage its use across decentralized finance (DeFi) protocols.

Opponents countered that pushing smaller validators offline and lowering staking rewards could undermine decentralization. Additionally, they noted that lowering inflation for a network as well-known as Solana might eventually hinder its expansion.

DOGE no longer Barking again

Posted on by Olumide Adesina

The top meme coin is not in a great place due to the aggravation of the death cross on the market, which is slowly pushing the price deeper.

Basically, with short-term moving averages staying below longer-term averages, the meme asset is unlikely to recover momentarily.

 

DOGE is trying to balance between two major support and resistance levels, with one at $0.15, which acts as a “last resort” resistance level that should be guarded by bulls at any cost since, otherwise, Dogecoin will fall into a zone where no major long-term support level has originated yet.

Dogecoin experienced a huge fall in February 2025, dropping 55% to $0.18, the lowest since early November. Now, traders wonder if this is a sign of more collapse or a great opportunity to buy.

Market action showed Bitcoin is the primary cause of the turmoil in the broader cryptocurrency market.

Bitcoin recently fell below $80,000,  roughly a third from its peak of $109,225 in January 2025.

Analysts closely monitor Bitcoin’s $75,000 mark, because a further decline could hurt alternative currencies like Dogecoin, Global geopolitical worries and a surge in panic selling have also made the market gloomy.

Regular traders are liquidating their DOGE holdings because many investors have gone into fear mode. According to data, the number of active Dogecoin addresses increased during the fall, suggesting that many traders are reducing their holdings and accelerating the decline.

However, it is impossible to overlook the increase in DOGE’s network activity. The fact that there are roughly 200,000 active addresses in a single day indicates that investors are more interested and involved. Historically, notable price movements have frequently been preceded by such spikes in network utilization.

U.S. Lawmaker Kicks against Bitcoin Strategic Reserve

Posted on by Olumide Adesina

Democratic Representative Gerald E. Connolly delivered a forceful critique of President Donald Trump’s most recent financial policy. Connolly has called on the US Treasury Department to halt efforts to establish a strategic cryptocurrency reserve.

 

Connolly, the Ranking Member of the House Oversight and Government Reform Committee, expressed concern about what he called a clear conflict of interest.

Rep. Gerald also said the program seems more beneficial to Trump and his financial supporters than the American people. He sent Treasury Secretary Scott Bessent a letter outlining his formal request. The executive order that Trump signed earlier in March is the source of the controversy.

It describes how 200,000 Bitcoin already held by the government will be used to capitalize a federal Bitcoin reserve.

A distinct organization called the US Digital Asset Stockpile was also created to handle forfeited digital assets, such as Ethereum, XRP, Solana, and Cardano.

Although the administration claims that the reserve wants to increase the nation’s dominance in digital financial technology, Connolly argues that the move is a poor policy choice that could jeopardize economic stability while favoring the president’s business endeavors.

Connolly’s main grievance is that Trump has a financial stake in the World Liberty Financial Initiative (WLFI). He cautioned that any government action that raises the value of cryptocurrencies would directly increase the profitability of Trump’s business interests, making his ownership of the company an alarming conflict of interest.

The lawmaker raised Trump’s contentious participation in the memecoin project called (TRUMP). Connolly stated that Trump and his supporters stand to profit monetarily from the token’s volatility, despite critics characterizing it as a speculative money-making scheme.

Connolly added to the scrutiny by criticizing the implementation of the cryptocurrency reserve and pointing out that the US president has not requested congressional approval for the project.

 

Ripple: SEC Considers classifying XRP a Commodity

Posted on by Olumide Adesina

The Securities and Exchange Commission is considering designing XRP as a commodity instead of a security. According to reports, this conversation started during the agency’s ongoing settlement talks with Ripple Labs, which may indicate e a change in the agency’s regulatory approach

 

Charles Gasparino, a senior Fox Business correspondent, cited insiders who said the SEC is reassessing the usefulness of XRP and market performance to see if it is more in line with commodities like Ethereum

“Whether $XRP continues to trade and have a utility that makes it more of a commodity and not a security is one issue that the commission is weighing,” the reporter wrote.

 “I’ve been informed that the Ethereum example is crucial,”. The latter was issued via an initial coin offering (ICO), but the regulatory agency did not take action against it because it changed into a commodity. The federal agency wants to determine whether XRP has undergone a comparable evolution.

The financial watchdog secured a $125 million fine and a permanent injunction that limited institutional XRP sales in a partial victory against the cryptocurrency payments company.

Sources close to the situation, however, assert that Ripple’s legal team is attempting to negotiate better settlement terms, claiming that new regulations warrant a reconsideration of the fines levied against the company.

According to the lawyers, if the SEC’s new leadership intends to reset enforcement policies for crypto companies, then Ripple shouldn’t be penalized for past actions. Earlier, it had been reported that these efforts to modify the settlement terms were the main reason behind the delay in resolving the case.

Forex Brief March 14: Will Another Stock Market Selloff Hit Before the Weekend Close?

Posted on by Skerdian Meta

Stock markets fell yesterday due to geopolitical and economic concerns, and we may see more selling before the weekend close.

S&P 500 is 10% lower from the highs

Continue reading “Forex Brief March 14: Will Another Stock Market Selloff Hit Before the Weekend Close?” →

Binance: CZ” Denies Talks with Trump’s Family

Posted on by Olumide Adesina

The Wall Street Journal reported that Donald Trump’s family is in talks with Binance on acquiring the company’s American division.

The bullish trend in Binance is picking up further pace

According to people familiar with the situation, the Wall Street Journal reported that Changpeng “CZ” Zhao, the founder of the exchange giant and its biggest shareholder, also requested a pardon.

Zhao refuted the WSJ report. “The WSJ article got the facts wrong.”. “The truth is that I haven’t discussed a Binance US deal with anyone. “.

Zhao’s lifetime ban from “managing or operating” the exchange is part of his agreement. Binance entered a guilty plea and paid a $4.33 billion fine, one of the biggest corporate penalties in the United States, for violating anti-money laundering laws. historical background—and consented to “a complete exit” from the nation.

According to The Journal, which cited anonymous people with knowledge of the situation, Steve Witkoff, a friend of the president and a negotiator in the conflict in Ukraine, is taking part in the talks.

Zhao continued: “It seems like the article is intended to hurt the President and cryptocurrency, and the remnants of the previous administration’s ‘war on crypto’ are still in play.

The Trump administration has been trying to support the sector after the Biden administration’s regulators were strict with leading cryptocurrency companies. Trump signed an executive order to establish a Bitcoin strategic reserve and separate cryptocurrency stockpile.

Robinhood List POPCAT,PENGU

Posted on by Olumide Adesina

Robinhood announced the listing of Pengu (PENGU), Pnut (PNUT), and Popcat. The listings are part of Robinhood’s most recent attempt to compete with established exchange Coinbase and broaden its cryptocurrency offerings.

POPCAT and PNUT  traded at $0.15 before Robinhood’s announcement. The moment the information was made public, however, POPCAT shot up to $0.19. Both tokens have yet to recover more than four-fifths of their peak value.

POPCAT was one of the top-performing meme coins of 2024.  The price increased by over 10,000 percent, hitting a record high of $2.1 In that period.

However, the meme coin has had a difficult year amid high selling pressure and low demand. Due to this performance, the price of the POPCAT fell to an all-time low of $0.14 earlier this week, leaving it in a depressing state. However, the meme coin’s market configuration changed amid the Robinhood listing.

Robinhood Crypto reported in February that its clients had expressed a desire for additional meme coin trading options. It also started trading cryptocurrency futures in January.

Johann Kerbrat, the general manager and vice president of Robinhood Crypto, reportedly told Bloomberg, “We don’t want to make decisions for the customer, but if customers are asking for something and we feel like we have a way to offer it safely, we will do it.”.