Day: March 21, 2025

Price analysis 3/21: BTC, ETH, XRP, BNB, SOL, ADA, DOGE, TON, LINK, LEO

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Bitcoin’s (BTC) recovery continues to face selling at higher levels, indicating that the bears have not given up. Trading resource Material Indicators said in a post on X that “Spoofy the Whale” has been suppressing Bitcoin’s price below $87,500. Although the upside is currently restricted, select analysts believe that the downside is limited. BitMEX co-founder Arthur Hayes said in a post on X that Bitcoin may have bottomed out at $77,000, considering that the Federal Reserve announced a slowdown in its quantitative tightening from April. Crypto market data daily view.…

Rising XRP spot market volumes hint at next stage of a parabolic price rally — Analyst

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XRP (XRP) price rallied 16% less than 24 hours after news that Ripple’s legal dispute with the US Securities and Exchange Commission (SEC) could end made headlines on March 19. However, XRP has shed half of its gains over the past two days, losing position below an important level at $2.50. XRP rally continues to be spot-driven XRP matched its all-time high of $3.40 on Jan. 16 as soaring spot buy volumes provided a sustainable parabolic rally that lasted for weeks. A similar outlook is taking shape again in the…

Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines

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The Trump administration appears poised to grow its Strategic Bitcoin Reserve after the White House’s crypto council head suggested budget-neutral ways for acquiring the digital asset.  “There’s been countless ideas” about how the government can acquire more Bitcoin (BTC), Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said in an interview with the Crypto in America podcast.  Bo Hines said the crypto council is open to creative ways to build the government’s Strategic Bitcoin Reserve. Source: Eleanor Terrett Perhaps the best way of doing so…

The FAIR Act Would Protect Bitcoin Holders

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A few weeks ago, we briefly touched on how civil asset forfeiture may apply to Bitcoin, a process in which the Government may seize citizen’s assets without accusing a person of a crime. With the US Government stating that civil asset forfeiture will form a key pillar in building its Strategic Bitcoin Reserve, the Fifth Amendment Integrity Restoration Act of 2023, also known as the FAIR Act, is arguably the most important Bill introduced in Congress today to protect Bitcoin holders from extensive Government overreach. Without it, many may see…

Strategy announces 10% preferred stock offering to buy more Bitcoin

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Strategy has announced the pricing of its latest round of perpetual preferred stock, which the company does before announcing more Bitcoin (BTC) acquisitions. According to Strategy, the latest round of preferred stock will be sold at $85 per share, with a 10% coupon, and will bring the company approximately $711 million in revenue. Market analyst Jesse Myers said that the annual 11.8% dividend distributed to investors from the latest offering suggests that Strategy can now siphon investors from the bond market, which only offers 4.2% interest. Strategy’s most recent BTC…

Who’s running in Trump’s race to make US a ‘Bitcoin superpower?’

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US President Donald Trump wants to make his country a “Bitcoin superpower,” but the question remains as to who he is competing against.  Speaking at Blockwork’s Digital Asset Summit on March 20 to a crowd of crypto industry executives and observers, he said, “Together we will make America the undisputed Bitcoin (BTC) superpower and the crypto capital of the world.” The US crypto industry has benefited greatly from preferential executive orders coming out of Trump’s White House, including the establishment of a “strategic Bitcoin reserve” — a move advocates regard…

Tornado mixer dropped from US blacklist

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The US Treasury Department has dropped cryptocurrency mixer Tornado Cash from its sanctions list, the agency said on March 21.  The removal follows a January ruling by a US appeals court, which said the Treasury’s Office of Foreign Assets Control (OFAC) cannot sanction Tornado’s smart contracts because they are not the property of any foreign national.  According to the January court ruling, “Tornado Cash’s immutable smart contracts (the lines of privacy-enabling software code) are not the ‘property’ of a foreign national or entity, meaning […] OFAC overstepped its congressionally defined…

German financial regulator prohibits sales of Ethena GmbH USDe

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BaFin, the German financial regulatory authority, has prohibited all public sales of Ethena GmbH’s USDe — a synthetic dollar — claiming that the token violates the European Union’s MiCAR regulations. According to the announcement from the regulator, BaFin has ordered the firm to freeze the reserve assets that back the token, close down the website portal, and has ordered the firm to stop taking new customers. In a translated statement, the regulator wrote: “The BaFin also has reasonable grounds to suspect that Ethena GmbH in Germany sells securities in the…

Traditional financial markets won’t survive without RWA tokenization

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Opinion by: Abdul Rafay Gadit, co-founder of ZIGChain America’s tariff regime has apparently fueled a global trade war, forcing investors to explore stable, yield-generating alternatives. A closer look reveals that illiquidity, opacity and scalability challenges have plagued global financial markets for long. They weren’t in great shape anyway, trade war or no trade war. Tokenized real-world assets (RWAs) have risen to this occasion — thankfully. For one, they ensure predictable yields, providing a haven for investors amid uncertain market conditions and unproductive volatility.  Above all, though, RWAs are a lifeboat…

US Treasury removes Tornado Cash addresses from blacklist, maintains sanctions on developer

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Key Takeaways OFAC removed Tornado Cash from its sanctions list but maintained sanctions on its founder. The removal stems from a court ruling that Tornado Cash’s smart contracts aren’t ‘property.’ Share this article The US Treasury’s Office of Foreign Assets Control (OFAC) has removed Tornado Cash, the prominent crypto mixing service, from its Specially Designated Nationals (SDN) List, while maintaining sanctions on one of its founders, Roman Semenov. The Department of Treasury announced the removal in a press release on Friday. In its latest update, the OFAC has removed several…