Day: March 18, 2025

Ethereum price in ‘cursed’ downtrend which could continue well into 2025 — Analyst

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Ethereum’s native token, Ether (ETH), has ventured into oversold territory multiple times against Bitcoin (BTC) in recent months, but the altcoin has yet to show any signs of finding a price bottom. The trading situation is actually quite similar to a previous scenario, and ETH’s market structure suggests that it could repeat itself in Q2 to Q3 of this year. Ether’s repeat breakdowns point to more downside The relative strength index (RSI) on ETH’s 3-day timeframe remains below 30, a level that typically signals a potential bounce. However, historical patterns…

Trump administration wants to buy as much Bitcoin as possible, Crypto Council’s Bo Hines reveals

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Key Takeaways The Trump administration plans to acquire Bitcoin using budget-neutral methods. Bitcoin is being positioned as a strategic asset akin to digital gold for the United States. Share this article The Trump administration plans to aggressively acquire Bitcoin through budget-neutral methods that won’t impact taxpayers, said Bo Hines, the executive director of the Presidential Council of Advisers for Digital Assets, during a panel at Blockworks’ Digital Asset Summit 2025. “The President was adamant about creating the SBR. We wanted to make sure that we did it right in a…

Trump Administration Eyes Massive Bitcoin Accumulation, Says Executive Director

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The Trump administration is doubling down on its Bitcoin strategy, with top officials emphasizing their commitment to growing the U.S. government’s BTC holdings. Speaking at the Digital Assets Summit today in New York, Bo Hines, Executive Director on Digital Assets for President Trump, made it clear that the United States is determined to accumulate Bitcoin at an unprecedented scale. “I think it’s high time that our President started accumulating assets for the American people, which is what President Trump is doing rather than taking it away,” Hines stated. He went…

Was the launch a dud, or is more to come?

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Solana futures (SOL) on the Chicago Mercantile Exchange (CME) went live on March 17, with a trading volume of $12.1 million on day 1, which fell short compared to Bitcoin (BTC) and Ethereum’s (ETH) CME futures debut. CME Crypto futures comparison by Vetle Lunde. Source: X.com Vetle Lunde, Head of Research at K33Research, compared the difference between Bitcoin (BTC), Ether (ETH) and Solana (SOL) CME futures trading performances on their launch day, and it is clear that SOL’s CME futures volume and open interest came in far below its competitors.…

Bitcoin short whale accused of gambling stolen funds: ZachXBT

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Key Takeaways A crypto whale was identified as a cybercriminal using stolen funds for high-leverage Bitcoin trades. The whale secured a $9 million profit despite a coordinated effort to liquidate their short position. Share this article A crypto whale who recently placed a massive short position on Bitcoin has been identified as a cybercriminal using stolen funds for high-leverage trading, according to on-chain investigator ZachXBT. It’s funny watching CT speculate on the “Hyperliquid whale” when in reality it’s just a cybercriminal gambling with stolen funds. — ZachXBT (@zachxbt) March 18,…

‘We are worried about a recession,’ but there’s a silver lining — Cathie Wood

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ARK Invest CEO Cathie Wood believes the White House is underestimating the recession risk facing the US economy stemming from US President Donald Trump’s tariff policies — an oversight that will eventually force the president and Federal Reserve to enact pro-growth policies. Speaking virtually at the Digital Asset Summit in New York on March 18, Wood said US Treasury Secretary Scott Bessent isn’t worried about a recession.  However, Wood said, “We are worried about a recession,” adding, “We think the velocity of money is slowing down dramatically.” Cathie Wood speaks…

BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets

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BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors. Following the breakout, BNB has entered a phase of price stabilization, comfortably holding above the $605 mark and transforming it into a robust support zone. This consolidation phase is a classic sign of a healthy market, as it allows the asset to catch its breath after a significant upward move. It also suggests that the breakout…

Metaplanet buys the dip with 150-BTC purchase

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Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 150 Bitcoin (BTC), bringing it one step closer to its plan of acquiring 21,000 BTC by 2026. The March 18 purchase cost an aggregate 1.88 billion yen ($12.6 million) or $83,671 per Bitcoin. The purchase brings Metaplanet’s total holdings to 3,200 BTC worth $261.8 million at this time of writing. Despite this latest buy, Metaplanet’s stock price has fallen 0.5% on the day. On March 5, the company’s stock price jumped 19% after it announced its latest Bitcoin buy of…

ECB Prepping The Ground For Digital Euro Launch

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The European Central Bank (ECB) is laying the groundwork for the probable launch of its wholesale and retail central bank digital currency (CBDC), the Digital Euro. Christine Lagarde, President of the ECB, shared this update at their latest press conference. “President Lagarde stressed that the digital euro is ‘more relevant than ever,’” the ECB tweeted. Lagarde emphasized that the Digital Euro, the EU’s CBDC solution, is set to launch in October 2025—provided it passes the legislative phase involving key stakeholders, including the European Commission, Parliament, and Council. Notably absent from…

How Elastos uses Bitcoin’s security to power DeFi

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The decentralized finance (DeFi) landscape continues to evolve, and Bitcoin-centric solutions are gaining momentum. BTCFi is an emerging sector that transforms Bitcoin (BTC) from a passive store of value into an actively utilized asset in DeFi.  A new report by Cointelegraph Research and Elastos delves into how Bitcoin’s security helps to create trustless, scalable financial ecosystems. Bitcoin’s expanding role in DeFi DeFi has traditionally been dominated by Ethereum, which accounts for over 50% of the sector’s total $175 billion total value locked (TVL). However, Bitcoin’s strong security and liquidity make…