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Bitcoin’s (BTC) dominance has crested new highs as altcoins’ short-lived rally fizzles, according to data from Matrixport, a cryptocurrency financial services platform.  As of March 12, Bitcoin dominance — a measure of Bitcoin’s share of crypto’s overall market capitalization — stands at 61.2%, according to Matrixport. This is up from a cycle low of around 54% in December.  Rising BTC dominance is “clear evidence that the altcoin rally was short-lived,” Matrixport said in a post on the X platform.  “It lasted barely a month, from [US President Donald] Trump’s election in November to early December, when a stronger-than-expected U.S. jobs report shifted market focus toward a more hawkish Federal Reserve,” Matrixport said.  Bitcoin’s dominance typically wanes near the end of market cycles as capital rotates into altcoins — digital assets besides Bitcoin.  Bitcoin dominance is back. Source: Matrixport Related: Bitcoin battles US sellers as CPI inflation sees first drop since mid-2024 Eyeing interest rates In January, the US Federal Reserve opted to hold interest rates steady instead of starting another round of cuts, citing healthy US jobs data.  The Fed’s hawkish tone dealt a blow to stocks and cryptocurrencies. Bitcoin’s spot price has dropped approximately 20% since the central bank’s Jan. 29 announcement. As of March 12, Bitcoin trades at roughly $82,750. It hit an all-time high of more than $109,000 in December.  Altcoins are even more sensitive to macroeconomic volatility than Bitcoin. “Savvy traders have rotated out of altcoins and into Bitcoin, which, despite its own decline, has significantly outperformed the broader crypto market,” Matrixport said.  The next leg of Bitcoin’s rally depends largely on whether the Fed opts to hike interest rates to stave off inflation, Matrixport noted.  On March 12, the February Consumer Price Index — a measure of US inflation — came in lower than expected at around 2.8%.  “This marks the first decline in both Headline and Core CPI since July 2024,” The Kobeissi Letter said in an X post. “Inflation is cooling down in the US.” Data from the CME Group, a US derivatives exchange, indicates that markets overwhelmingly expect the Fed to hold rates steady at its next meeting in March. Magazine: Ethereum L2s will be interoperable ‘within months’: Complete guide
"Did you see this? 🚀 Bitcoin’s dominance just hit 61.2%, highlighting that the altcoin rally was a brief illusion! With traders rotating back to BTC amid hawkish Fed signals, it’s clear where the smart money is going. Inflation is cooling, but can BTC fight back to new heights? Stay tuned! Not financial advice. 😾"
- George
The Chicago Board Options BZX Exchange (Cboe) has submitted an application on behalf of asset manager Franklin Templeton to list a Solana (SOL) exchange-traded fund (ETF) in the United States. According to the March 12 filing, Franklin Templeton’s proposed ETF will hold spot SOL, and the filing encouraged the Securities and Exchange Commission to allow the fund to stake its underlying crypto for additional rewards. “Not staking the Fund’s SOL would amount to waiving the Fund’s right to free additional SOL, an act analogous to an equity ETP refusing dividends from the companies it holds,” the filing read. Franklin Templeton registered a Solana trust on Feb. 10, joining the ranks of Grayscale, Bitwise, VanEck, 21Shares and Canary Capital, who have all applied to list Solana-based investment vehicles. Solana was one of the digital assets US President Donald Trump named for inclusion in the US crypto stockpile before pulling back to include only tokens seized through enforcement actions. The Solana ETF application filed on behalf of Franklin Templeton. Source: Cboe Related: Franklin Templeton launches US gov’t money fund on Solana Decisions on crypto ETFs delayed Former SEC Chair Gary Gensler’s resignation in January 2025 sparked a torrent of crypto ETF filings, including several Solana-based products from asset managers anticipating a more relaxed regulatory climate. However, on March 11, the SEC announced it had delayed the decision on several altcoin ETFs, including applications for Solana, Litecoin (LTC), Dogecoin (DOGE) and XRP (XRP) products. The financial regulator said it needed more time to evaluate the rule change approving the proposals. According to Bloomberg ETF analyst James Seyffart, this extended deliberation was standard procedure, and he argued that this doesn’t affect the high likelihood of the ETF applications being approved. The analyst added that the final approval deadline for these altcoin ETFs wasn’t until October 2025. Franklin Templeton CEO Jenny Johnson believes the Trump administration will follow through on the president’s pro-crypto agenda and integrate traditional financial systems with crypto. “I do think that it’s likely that ETFs and mutual funds will ultimately be built on blockchain just because it’s an incredibly efficient technology,” Johnson told Bloomberg in a Jan. 21 interview. Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO
"Whoa! Look at this… 👀 Franklin Templeton is aiming to list a Solana ETF in the US, with the unique twist of staking SOL for rewards. 🌟 But the SEC is dragging its feet on decisions regarding altcoin ETFs. Will we see more crypto integration in traditional finance soon? Fingers crossed! Not financial advice. 😾"
- George
Ethereum’s native token, Ether (ETH), dropped below $2,000 on March 10, and the altcoin has struggled to regain a position above the psychological level. While Bitcoin (BTC) and XRP (XRP) exhibited minor recoveries over the past 24 hours, Ether prices failed to display bullish momentum in the charts. The altcoin plummeted to a multi-year low of $1,752 on March 11. However, onchain data and technical analysis indicate that the price could drop an additional 15% in the coming weeks. Ethereum dips below realized price after 2 years The current price deviation below $2,000 carried onchain implications for the altcoin. According to Glassnode, a data analytics platform, ETH dropped below its realized price of $2,054 for the first time since February 2023. Ethereum realized price and MVRV. Source: X.com ETH realized price calculates the average price of each ETH last moved, representing the average cost basis of the total circulating supply. The current drop below the realized price indicates widespread unrealized loss for all ETH holders. The market value to realized value (MVRV) ratio also dropped to 0.93, indicating a 7% average loss for all ETH holders across the network. However, it is important to note that the realized price reflects the weighted average of all historical transactions. Hence, it encompasses the cost basis of every ETH holder, not a specific timeframe like 2023 to 2025. Ethereum’s TVL chart. Source: DefiLlama Meanwhile, Ethereum’s total value locked (TVL) dropped to a six-month low of $45.6 billion on March 12, down 41% from its peak of $77 billion on Dec. 17, 2024. Additionally, the total fees users paid to use Ethereum fell to $46.28 million—the lowest level since July 2020—further signaling weakening network engagement. Related: Starknet to settle on Bitcoin and Ethereum to unify the chains Ether price between $1.6K-$1.9K is “attractive” In a recent X post, Glassnode explained how Ethereum’s cost-basis distribution could be useful in identifying potential support levels for ETH. Based on a weekly outlook, Ether’s recent drop below $1,880 led to an accumulation of 600,000-700,000 ETH around $1,900. The post states, “This suggests $1.9K could establish itself as a support if $ETH consolidates at current levels. Above spot, $2.2K (465K $ETH) is the potential next resistance. The supply gap between $1.9K and $2.2K remains thin, making a short-term move towards resistance plausible.” Ethereum weekly analysis by Ninja. Source: X.com At the same time, anonymous analyst Ninja believes that the floor price for Ethereum remains between $1,600 and $1,900. The trader added that the above range is an “attractive region for commercial money” and set a high swing target at $2,500. Related: Bitcoin whales hint at $80K ‘market rebound’ as Binance inflows cool This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
"Big news in crypto today! 🔥 Ether is struggling, falling below $2,000 and dropping to a multi-year low of $1,752. Onchain metrics show unrealized losses for holders, and TVL hits a 6-month low. Analysts suggest $1.6K-$1.9K could be the new support zone. Buckle up! Not financial advice. 😾"
- George
Bitcoin (BTC) bounced from $76,606 on March 11, but the bulls could not sustain the price above $84,500 on March 12. Nansen principal research analyst Aurelie Barthere told Cointelegraph that Bitcoin is in a macro correction in a bull market, with the next crucial level being “$71,000-$72,000, top of the pre-election trading range.” Glassnode also projected a similar target in its March 11 market report. The onchain analytics firm said the recent sell-off had been triggered by the short-term holders who may have purchased near the peak in January. Glassnode added that Bitcoin could bottom out near $70,000 if selling persists. Crypto market data daily view. Source: Coin360 It is not only the crypto markets; even the US stock market has been under pressure in the past few days. However, a silver lining for the bulls is that the US Dollar Index (DXY) has corrected from its multi-year high above 110 to under 104. Bitcoin generally moves in inverse correlation with the dollar, suggesting that a bottom may be around the corner. Could Bitcoin retest the support at $76,606 or rise above $85,000? What are the important support and resistance levels to watch out for in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin broke below the $78,258 level on March 10 and fell to $76,606 on March 11, but the bears could not sustain the lower levels. This suggests solid buying by the bulls. BTC/USDT daily chart. Source: Cointelegraph/TradingView The relief rally is facing selling near the 20-day exponential moving average ($87,262), but a minor positive in favor of the bulls is that the relative strength index (RSI) is showing a positive divergence. Buyers will have to drive the price above the 20-day EMA to suggest that the correction could be ending. The BTC/USDT pair may then ascend to the 50-day simple moving average ($94,654). On the downside, the bulls are expected to defend the $73,777 level with all their might because a break below it may sink the pair to $67,000. Ether price analysis Ether (ETH) fell below the $1,993 support on March 9 and extended the decline, reaching $1,754 on March 11. ETH/USDT daily chart. Source: Cointelegraph/TradingView The bulls are trying to start a recovery, which is expected to face significant resistance at the breakdown level of $2,111. If the price turns down sharply from $2,111, it will signal that the bears have flipped the level into resistance. That heightens the risk of a break below $1,754. The ETH/USDT pair may then slump to $1,500. Conversely, a break above the 20-day EMA ($2,235) suggests that the markets have rejected the break below $2,111. The pair may then climb to $2,800, where the bears are expected to step in. XRP price analysis XRP (XRP) fell below the $2 support on March 11, but the bears could not sustain the lower levels, as seen from the long tail on the candlestick. XRP/USDT daily chart. Source: Cointelegraph/TradingView The bears are trying to stall the recovery at the 20-day EMA ($2.35). If the price continues lower, the possibility of a break below $2 increases. If that happens, the XRP/USDT pair will complete a bearish head-and-shoulders pattern. There is minor support at $1.77, but if the level cracks, the decline could extend to $1.28. Contrary to this assumption, if the price breaks above the 20-day EMA, the pair could rise to the 50-day SMA ($2.58) and later to $3.  BNB price analysis BNB (BNB) turned up from $507 on March 11, indicating that the bulls are aggressively defending the $500 to $460 support zone. BNB/USDT daily chart. Source: Cointelegraph/TradingView The relief rally is expected to face selling at the 20-day EMA ($592). If the price turns down sharply from the 20-day EMA, the bears will try to sink the BNB/USDT pair below $500. The pair may drop to $460 if they can pull it off. Instead, if the price rises above the 20-day EMA, it will signal that the pair may remain inside the $460 to $745 range for a while longer. The bulls will be back in the driver’s seat on a break and close above the 50-day SMA ($628). Solana price analysis Solana (SOL) turned up from $112 on March 11, signaling that the bulls are fiercely defending the $110 support. SOL/USDT daily chart. Source: Cointelegraph/TradingView The RSI shows early signs of forming a positive divergence, indicating that the bearish momentum could weaken. The first sign of strength will be a break and close above the 20-day EMA ($145).  If the price turns down from the current level or the 20-day EMA, it suggests that every minor rally is being sold into. That increases the risk of a break below $110. The SOL/USDT pair could tumble to $98 and subsequently to $80. Cardano price analysis Cardano (ADA) rebounded off the uptrend line on March 11, suggesting that the bulls are trying to stop the decline. ADA/USDT daily chart. Source: Cointelegraph/TradingView The bears are unlikely to give up easily and are expected to sell at the moving averages. If the price turns down from the moving averages, it will signal selling on rallies. The bears will then try to strengthen their position by pulling the price below the uptrend line. If they do that, the ADA/USDT pair could drop to $0.60 and then to $0.50. Contrary to this assumption, a break and close above the moving averages suggests that the bulls are back in the game. The pair may then rally to $1.02. Dogecoin price analysis Dogecoin (DOGE) continued its slide and reached the $0.14 support on March 11. The bulls are trying to defend the level but may face selling at higher levels. DOGE/USDT daily chart. Source: Cointelegraph/TradingView If the price turns down from the 20-day EMA ($0.20), it will suggest that the sentiment remains negative and traders are selling on rallies. That increases the risk of a break below $0.14. The DOGE/USDT pair may descend to $0.10 if that happens. Related: Here’s what happened in crypto today On the contrary, a break and close above the 20-day EMA suggests that the bears are losing their grip. The pair could climb to the 50-day SMA ($0.25), which may pose a solid challenge again. Pi price analysis Pi (PI) is taking support at the 61.8% Fibonacci retracement level of $1.20, indicating buying at lower levels. PI/USDT daily chart. Source: Cointelegraph/TradingView The relief rally is expected to face resistance at the 20-day EMA ($1.69) and then again at $2. If the price turns down from the overhead resistance, the PI/USDT pair could range between $2 and $1.20 for some time. A break and close above $2 suggests that the correction may be over. The pair could rally to $2.40. Alternatively, a break and close below $1.20 could sink the pair to the 78.6% retracement level of $0.72. UNUS SED LEO price analysis UNUS SED LEO (LEO) has been consolidating just below the $10 level for several days, indicating that the bulls are holding on to their positions as they anticipate another leg higher. LEO/USD daily chart. Source: Cointelegraph/TradingView The LEO/USD pair has formed an ascending triangle pattern, which will complete on a break and close above $10. If that happens, the pair could resume the uptrend toward the target objective of $12.04. This positive view will be invalidated in the near term if the price turns down and breaks below the uptrend line. That will negate the bullish setup, starting a drop to $8.84 and later to $8.30. Hedera price analysis Hedera (HBAR) bounced off the $0.17 support on March 11, indicating that the bulls are aggressively defending the level. HBAR/USDT daily chart. Source: Cointelegraph/TradingView The recovery is facing selling at the 20-day EMA ($0.22), as seen from the long wick on the candlestick. If the price continues lower, the bears will make one more attempt to sink the HBAR/USDT pair below $0.17. If they succeed, the pair could plunge to $0.12. Contrarily, a break above the 20-day EMA suggests that the selling pressure is reducing. The pair could rise to the downtrend line, which is an important level to watch out for. If buyers push the price above the downtrend line, the pair could rally to $0.29. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
"Another wild day in crypto! Here’s what’s going on: Bitcoin dipped to $76,606 but faces resistance above $84,500. Analysts say bulls defend crucial levels amid market corrections. As for altcoins like ETH and XRP, watch those support zones—volatility ahead! Brace yourselves! Not financial advice. 😾"
- George
The recent GENIUS stablecoin bill is merely a thinly veiled attempt to usher in central bank digital currency (CBDC) controls through privatized means, according to Jean Rausis, co-founder of the Smardex decentralized trading platform. In a statement shared with Cointelegraph, Rausis said that the US government will punish stablecoin issuers that do not comply with the new regulatory framework, similar to the European Union Markets in Crypto-Assets (MiCA) regulations. The executive added: “The government realizes that if they control stablecoins, they control financial transactions. Working with centralized stablecoin issuers means they can freeze funds anytime they want — essentially what a CBDC would allow. So, why bother creating a CBDC?” “With stablecoins under the government’s control, the result is the same, with the false veneer of decentralization added as a bonus,” the executive continued. Decentralized alternatives to centralized stablecoins, such as algorithmic stablecoins and synthetic dollars, will prove to be a valuable bulwark against this creeping government control over crypto, Rausis concluded. First page of the GENIUS Act. Source: United States Senate Related: America must back pro-stablecoin laws, reject CBDCs — US Rep. Emmer Revamped GENIUS bill to include stricter provisions The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, introduced by Tennessee Senator Bill Hagerty on Feb. 4, proposed a comprehensive framework for overcollateralized stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC). The bill was revamped to include stricter Anti-Money Laundering, reserve requirements, liquidity provisions and sanctions checks on March 13. These additional provisions will presumably give US-based stablecoin issuers an edge over their offshore counterparts. During the recent White House Crypto Summit, US Treasury Secretary Scott Bessent said the US would use stablecoins to ensure US dollar hegemony in payments and protect its role as the global reserve currency. Largest holders of US government debt. Source: Peter Ryan Centralized stablecoin issuers rely on US bank deposits and short-term cash equivalents such as US Treasury bills to back their digital fiat tokens, which drives up demand for the US dollar and US debt instruments. Stablecoin issuers collectively hold over $120 billion in US debt — making them the 18th-largest buyer of US government debt in the world. Magazine: Bitcoin payments are being undermined by centralized stablecoins
"Just in: is shaking up the market! 💥 The GENIUS stablecoin bill is being critiqued as a sneaky way to impose CBDC control while pretending to embrace decentralization. 🧐 According to Jean Rausis, it opens doors for government intervention in stablecoins. Will decentralized options rise as a defense? Not financial advice. 😾"
- George
XRP (XRP) pared some losses following this week’s market crash, with 6% daily gains over the last 24 hours to trade at $2.24. The top-ten altcoin trades 18% above the 24-hour low of $1.89 as the crypto market sentiment recovers slightly. XRP/USD daily chart. Source: Cointelegraph/TradingView Let’s examine the key drivers behind XRP’s rebound today. Franklin Templeton’s XRP ETF filing One of the primary catalysts behind today’s XRP price surge is Franklin Templeton’s filing of an XRP ETF in the United States. 🔥 JUST IN: Franklin XRP Trust Files S-1 With the SEC for an XRP ETF on Cboe BZX. pic.twitter.com/B6oo3e5k0d — Cointelegraph (@Cointelegraph) March 11, 2025 Key takeaways: On March 11, California-based asset manager Franklin Templeton filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch a spot XRP ETF.  Franklin Templeton is a major global asset manager with $1.5 trillion in assets under management. It joins a growing list of financial giants like Bitwise, Grayscale, and WisdomTree in pursuing XRP-based ETFs.  This filing signals a strong vote of confidence in XRP’s potential as a mainstream investment vehicle. The news has fueled speculation of major capital inflows that could push XRP price into double digits.  “Franklin Templeton has filed the 17th XRP ETF, which alone has $1.53 trillion USD under their asset management,” said pseudonymous XRP analyst Dark Defender in a March 12 post on X. “Just imagine when all are approved. Double digits for XRP will be as easy as a pie.” Meanwhile, the odds of a US spot XRP ETF being approved in 2025 are now at 76% on Polymarket. XRP ETF approval odds on Polymarket. Source: Polymarket If approved, it would boost XRP’s credibility and could draw billions of dollars in capital inflows, according to JP Morgan.  Despite the SEC delaying decisions on other XRP ETF applications, such as those from Grayscale and Canary Capital, until May 2025, Franklin Templeton’s entry—given its size and reputation—has boosted market confidence, contributing to XRP’s price rebound. MVRV metric suggests XRP price bottom Beyond external catalysts, onchain data provides a compelling case for XRP’s price recovery.  Key points: Metrics like the Market Value to Realized Value (MVRV) ratio indicate that XRP may have bottomed. The MVRV ratio compares XRP’s market cap to the value of coins at their last transaction, offering insight into whether the asset is overbought or oversold. Data from Santiment shows XRP’s 30-day MVRV ratio has plunged to a low of -16%, the lowest since April 2024. XRP 30-day MVRV. Source: Santiment The chart above shows it inside a zone typically associated with accumulation, suggesting that selling pressure has subsided. Historically, XRP usually experiences a reversal whenever the 30D MVRV declines below 10%. XRP price eyes V-shaped recovery to $2.64 XRP’s price action has been nurturing a V-shaped recovery chart pattern on the four-hour chart since March 6, as shown below. A V-shaped recovery is a bullish pattern formed when an asset experiences a sharp price increase after a steep decline.  XRP appears to be on a similar trajectory and now trades below a key supply congestion zone between $2.30 and $2.45, where all the major simple moving averages (SMAs) are currently sitting. The bulls must now push XRP above this area to increase the chances of the price rising to the neckline at $2.64 to complete the V-pattern. Completing the V-shaped recovery would result in 20% gains from the current price. XRP/USD daily chart. Source: Cointelegraph/TradingView The relative strength index has risen from oversold conditions at 27 on March 10 to 44 on March 1, suggesting that bullish momentum is picking up. $XRP is among the strongest charts amid the sell-off Daily bullish divergence It will run massively as the market begins to recover. pic.twitter.com/iIw6UlIDuF — Mikybull 🐂Crypto (@MikybullCrypto) March 11, 2025 This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
"Whoa! Look at this… 👀 XRP is bouncing back with a 6% gain to $2.24! The boost comes from Franklin Templeton's ETF filing, signaling strong confidence in XRP. 🤑 Speculation is swirling about a potential price spike into double digits if approvals go through! Not financial advice. 😾"
- George
American asset manager Franklin Templeton has entered the growing XRP exchange-traded fund (ETF) race, becoming the latest firm to file for a spot XRP ETF in the United States. Franklin Templeton’s XRP (XRP) ETF is designed to track the performance of the XRP price, with XRP holdings stored at Coinbase Custody Trust, according to an official filing with the US Securities and Exchange Commission on March 11. On the same day, the SEC postponed decisions on multiple crypto ETF filings, including Grayscale’s proposal to convert its XRP Trust into an ETF. Despite the growing XRP ETF filing frenzy, BlackRock — the issuer of the largest spot Bitcoin (BTC) ETF — has yet to submit a filing for an XRP-based product. Who has filed for an XRP ETF in the US? As of March 12, nine companies filed for XRP ETF products in the US, including major issuers like Bitwise, ProShares, 21Shares and others. Bitwise, one of the world’s largest crypto funds managers, was the first firm to submit a Form S-1 filing for an XRP ETF on Oct. 2, 2024. Canary Capital subsequently followed Bitwise’s lead, filing a Form S-1 for a similar product on Oct. 8, 2024. Switzerland-based crypto investment firm 21Shares and the US ETF provider WisdomTree also filed for XRP ETFs in late 2024, with filings coming in November and December, respectively. Asset manager ProShares joined the XRP ETF race in 2025 by filing for several XRP ETF products with the SEC on Jan. 17, including the ProShares XRP ETF and three additional XRP investment products. Related: VanEck registers Avalanche ETF in US as AVAX drops 55% year-to-date Another XRP ETF filing subsequently came from the European crypto investment firm CoinShares in January, with Grayscale proposing to convert its XRP Trust into an XRP ETF trading on the New York Stock Exchange on Jan. 30. Volatility Shares, a Florida-based financial services firm founded in 2019, also filed three XRP ETF products on March 7, including the Volatility Shares XRP ETF, the Volatility Shares 2x XRP ETF and the Volatility Shares -1x XRP ETF. Other filings featuring XRP ETFs Beyond dedicated XRP ETF filings, at least two asset managers have included XRP in broader crypto ETF products. On Jan. 21, asset manager REX-Osprey filed for an “ETF Opportunities Trust,” which includes seven ETFs tracking assets including major coins such as XRP and Bitcoin, as well as memecoins like Bonk (BONK) and Official Trump (TRUMP). Similarly, Tuttle Capital Management submitted an ETF opportunities trust filing, including 10 daily target ETFs, covering assets such as XRP and Melania (MELANIA). ETF compositions in the ETF opportunities trusts by Tuttle Capital Management and REX-Osprey. Source: SEC Apart from BlackRock, a number of crypto ETF providers have not yet filed for an XRP ETF, including firms such as Invesco, VanEck, ARK Invest, Fidelity Investments and Galaxy Digital. Magazine: SEC’s U-turn on crypto leaves key questions unanswered
"Did you see this? 🚀 Franklin Templeton has jumped into the XRP ETF frenzy, filing for a spot XRP ETF to track XRP's price. As of now, nine firms, including Bitwise and ProShares, are in the race. Still no sign from BlackRock, though! Is this the start of something big or just a mad dash? Not financial advice. 😾"
- George
The Web3 gaming industry is facing tighter investment conditions as capital flows become more selective, with investors prioritizing sustainable projects over hype-driven fundraising. In February, Gunzilla Games Web3 director Theodore Agranat described blockchain gaming as a “game of musical chairs” in which the same capital cycles through different projects and “no new money” comes in. The executive also said users go from project to project to extract value. After that, they leave and search for the next project. In the same month, the much-anticipated Web3 game Illuvium announced a 40% layoff, demonstrating the need for teams to go “super lean” in today’s market. Sky Mavis co-founder and CEO Trung Nguyen announced a similar move in October 2024, cutting 21% of its staff to optimize its budget for upcoming projects.  Despite these events, Web3 gaming professionals said that capital still exists, and explained some of the factors contributing to the industry-wide trend.  Investors no longer blindly throw their money at projects Sky Mavis co-founder Jeffrey Zirlin told Cointelegraph that Web3 gaming is not uniquely struggling but rather experiencing the same capital constraints affecting the broader crypto industry. The executive said Web3 gaming is not facing a unique challenge as the landscape is “tight across the board.”  Still, Zirlin pointed out exceptions. He cited Fableborne, a mobile Web3 game that was oversubscribed by 16,000% despite the market downturn, as demonstrating that “fresh capital was indeed flowing into Ronin,” the Sky Mavis blockchain network. He added:  “It’s not that investment has dried up entirely. It’s just that investors are no longer blindly throwing money at projects like they did with so-called ‘Axie killers’ that failed to deliver.” “Axie killers” was a term used to describe gaming projects that claimed to be the next big Web3 game that would surpass Axie Infinity, Sky Mavis’ flagship Web3 game.  Meanwhile, The Sandbox co-founder and chief operating officer Sebastien Borget told Cointelegraph that the “game of musical chairs” description suggests a degree of randomness. Borget said he disagrees with this.  The executive said that while new capital is more limited and investors are more cautious, there is now less of the unpredictability previously fueled by hype cycles.  “The success of blockchain games increasingly depends on the ability to meet traditional gaming metrics. These include delivering compelling content and gameplay, fostering sustainable user acquisition, establishing a strong in-app economy and building a loyal user base,” he added.  Related: Axie Infinity teases new Web3 game as NFT outlook turns positive Projects can’t just “slap NFTs” into a game and raise millions Josh Gier, chief marketing officer of the gaming tournaments platform Coliseum, told Cointelegraph that the days of simply adding non-fungible tokens (NFTs) to a game and earning massive support from crypto investors are gone.  “Yes, the speculative phase of blockchain gaming, where projects could raise millions just by slapping NFTs onto a game, has cooled off. But that doesn’t mean capital has disappeared,” Gier said.  The executive said the capital is becoming more selective and flows toward projects with strong fundamentals and sustainable economies. “Investors are showing interest in games that integrate Web3 elements in a way that enhances the player experience rather than focusing solely on financial incentives,” Gier added.  Vineet Budki, the CEO of venture firm Sigma Capital, said some core investors, like Animoca Brands, specifically focus on the blockchain gaming segment. He said that games take longer to build, unlike other niches, so gaming investments take longer to bear fruit.  Still, the executive said, raising Web3 gaming capital has become more complicated. “Gone are the times when you would make a video on gameplay, have attractive tokenomics and raise capital,” Budki said in a statement sent to Cointelegraph.  The executive said that teams building great games and having knowledge of the distribution process are the elements that can attract capital.  Magazine: Off The Grid’s ‘biggest update yet,’ Rumble Kong League review: Web3 Gamer
"Crypto world is buzzing right now! Here’s why: Web3 gaming is tightening its belt as investors become more selective, prioritizing sustainable projects over flashy hype. The good news? Fresh capital still flows into promising games like Fableborne. Just don’t expect to raise millions by slapping NFTs on anything! Not financial advice. 😾"
- George
The US Securities and Exchange Commission has delayed its decision to approve several XRP, Solana, Litecoin and Dogecoin exchange-traded funds. In a slew of filings on March 11, the agency said it has “designated a longer period”  to decide on the proposed rule changes that would allow the ETFs to proceed. Among the affected ETFs are Grayscale’s XRP (XRP) and Cboe BZX Exchange’s spot Solana (SOL) ETF filings, with the decisions on them pushed until May. The SEC has delayed making a decision to approve several altcoin ETFs. Source: SEC Bloomberg ETF analyst James Seyffart said in a March 11 X post that while the SEC just “punted on a bunch of altcoin ETF filings,” he didn’t see it as a cause for concern. “It’s expected, as this is standard procedure.”  He added that US President Donald Trump’s pick to chair the SEC, Paul Atkins, “hasn’t even been confirmed yet.” “This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October,” Seyffart said. Source: Samuel Maverick Fellow Bloomberg ETF analyst Eric Balchunas also chimed in, saying that “everything [is] delayed,” including ETFs featuring Ether (ETH) staking and in-kind redemptions. Un early December, Trump picked pro-crypto businessman and former SEC Commissioner Atkins to be the agency’s next chair. However, congressional confirmation hearings are yet to be scheduled. This is not the first time the SEC has extended an ETF decision deadline. On Feb. 28, it extended the deadline for Cboe Exchange’s request to list options tied to Ether (ETH) ETFs. This followed the SEC receiving a raft of altcoin ETF filings in the wake of Trump’s election and the resignation of former SEC Chair Gary Gensler. Related: Altcoin ETFs are coming, but demand may be limited: Analysts Gensler’s time at the SEC came with what the industry said was an aggressive regulatory stance toward crypto, with 100 crypto-related regulatory actions during his tenure from 2021 until his resignation on Jan. 20. Since Gensler’s departure, a growing number of firms facing legal action from the regulator have had their cases dismissed, including crypto exchange Gemini on Feb. 26 and crypto trading firm Cumberland DRW on March 4. Meanwhile, acting SEC Chairman Mark Uyeda has also proposed abandoning part of a rule change that would have expanded regulation of alternative trading systems to include crypto firms. Magazine: SEC’s U-turn on crypto leaves key questions unanswered
"Another wild day in crypto! Here’s what’s going on: The SEC is delaying decisions on ETFs for XRP, Solana, Litecoin, and Dogecoin until May. 📅 Some analysts say it's no biggie, calling it standard procedure, but with Trump’s crypto-friendly chair pick still unconfirmed, the wait continues! Not financial advice. 😾"
- George
US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight. Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, urging lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations. In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore. “We fear that products like Paxos’ Global dollar stablecoin, issued by a regulated affiliate in Singapore, will languish while departments and agencies make their determinations,” the Paxos CEO wrote in his speech. The US must act to prevent regulatory stablecoin arbitrage Cascarilla recommended US lawmakers strengthen the current “international reciprocity language” to include clearly defined and accelerated timelines for the US Treasury Department to designate overseas jurisdictions for stablecoin regulation. “This timeframe would force swift action and prevent bureaucratic delays while guaranteeing thorough scrutiny of foreign regulatory regimes,” the executive said. Source: House.gov Cascarilla emphasized that potential delays in applying such action would be a major hurdle in the adoption and distribution of stablecoins like USDG in the US as well as cross-border operations.  “Reciprocity is not about lowering standards — it’s about raising them globally,” Cascarilla said, adding: “By establishing a framework to recognize jurisdictions with comparable regulatory regimes — covering reserve requirements, AML measures and cybersecurity protocols — the United States can prevent regulatory arbitrage, where issuers exploit lax oversight abroad.” Paxos stablecoins were deemed non-compliant in the EU Cascarilla’s remarks come amid some Paxos-issued stablecoins facing compliant issues in the European Union following the enforcement of Europe’s crypto regulation framework, the Markets in Crypto-Assets Regulation (MiCA). Since the MiCA framework went into full force in December 2024, multiple crypto asset service providers in the EU — including Crypto.com and Coinbase — have announced delistings of Paxos stablecoins like Pax dollar (PAX) and Pax gold (PAXG). While Paxos’ Cascarilla is now calling the US for urgent action in forcing a global framework for stablecoin issuers that are regulated outside of the US, some industry CEOs have urged all stablecoin firms to get regulated domestically instead. In February, Circle co-founder Jeremy Allaire argued that all dollar-based stablecoin issuers should register in the US, citing consumer protection and fair competition in the crypto market. He stated: “Whether you are an offshore company or based in Hong Kong, if you want to offer your US dollar stablecoin in the US, you should register in the US just like we have to go register everywhere else.” Issued and regulated in the US, Circle’s USDC (USDC) stablecoin was officially approved as the first MiCA-compliant stablecoin in 2024. Magazine: How crypto laws are changing across the world in 2025
"Whoa! Look at this… 👀 US lawmakers are gearing up to debate stablecoin regulations, with Paxos CEO Charles Cascarilla pushing for "cross-jurisdictional reciprocity." He warns delays hurt adoption of stablecoins like USDG. Meanwhile, EU compliance issues loom over Paxos coins. Will US regulation be swift or just bureaucratic chaos? Not financial advice. 😾"
- George

HOW TO BUY?

  • Wallet
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  • Feed it
    An empty wallet is useless. Send some Solana($SOL) from your exchange to it. Make sure you copy your $SOL address.
  • Connect
    Go to pump.fun like a Boss, find $C4TGPT and buy as much as you can* there!
Buy and HODL!
* Not financial advice