Month: March 2025

Is XRP price around $2 an opportunity or the bull market’s end? Analysts weigh in

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XRP (XRP) has dropped nearly 40% to around $2.19, two months after hitting a multi-year high of $3.40. The cryptocurrency is tracking a broader market sell-off driven by President Donald Trump’s trade war despite bullish news like the SEC dropping its case against Ripple. XRP/USD daily price chart. Source: TradingView However, XRP is still up 350% from its November 2024 low of $0.50, suggesting a consolidation phase after a strong rally. This sideways action has sparked discussions over whether it’s the end of the bull run or a prime buying…

Stablecoin rules needed in US before crypto tax reform, experts say

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United States cryptocurrency regulations need more clarity on stablecoins and banking relationships before lawmakers prioritize tax reform, according to industry leaders and legal experts. “In my view, tax isn’t necessarily the priority for upgrading US crypto regulation,” according to Mattan Erder, general counsel at layer-3 decentralized blockchain network Orbs. A “tailored regulatory approach” for areas including securities laws and removing “obstacles in banking” is a priority for US lawmakers with “more upside” for the industry, Erder told Cointelegraph. “The new Trump administration is clearly all in on crypto and is…

Vitalik Buterin meows at a robot, and the crypto world loses it

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A video of Ethereum co-founder Vitalik Buterin kneeling in front of a robot and seemingly letting out a “meow” sound has gone viral — and, as usual, the crypto industry is already speculating what it might mean for Ether’s future. “The future of Ethereum is in this man’s hands… Meow,” crypto influencer Wendy O said in a March 29 X post. Cork Protocol co-founder Phil Fogel shared the video and commented that “so much” of his professional life and net worth depend on Buterin but reiterated that the entertaining interaction…

Listing an altcoin traps exchanges on ‘forever hamster wheel’ — River CEO

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When a cryptocurrency exchange lists its first altcoin, it sets itself up for an endless cycle of launching memecoins, warns a Bitcoin-only institution executive. “The minute an exchange adds one non-Bitcoin token, they are signing up to be on the forever hamster wheel of memecoins,” River Financial CEO Alex Leishman said in a March 29 X post. “It makes no sense to list ETH if you don’t list the tokens issued on ETH, and the same goes for Solana,” Leishman said. River has no interest in building a “successful crypto…

Why institutions are hesitant about decentralized finance — Shibtoshi

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Shibtoshi, the founder of the SilentSwap privacy-preserving trading platform, outlined several concerns that make institutions hesitant to adopt decentralized finance (DeFi) solutions, including privacy, a lack of standardized compliance regulations, and legal accountability. The DeFi founder told Cointelegraph that the high transparency of onchain transactions presents a problem for companies that must conceal sensitive information, including trading strategies, payroll information, and business-to-business agreements. Shibtoshi said: “The main concerns — regulatory uncertainty, privacy limitations, and complex user experience — are real, but solvable. Innovations in privacy-preserving protocols are making DeFi increasingly…

US recession 40% likely in 2025, what it means for crypto — Analyst

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The United States has a 40% chance of a recession in 2025 amid the potential for a protracted trade war and macroeconomic uncertainty, according to market analyst and Coin Bureau founder Nic Puckrin. In an interview with Cointelegraph, the analyst said that while a recession is not probable, a recession and the current macroeconomic uncertainty will create an environment where risk-on assets like cryptocurrencies suffer. Puckrin said: “Trump and his advisors have said they have not completely dismissed the recession, which means it is definitely possible, but right now, I…

Potential Bitcoin price fall to $65K ‘irrelevant’ since central bank liquidity is coming — Analyst

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Bitcoin’s (BTC) 7% decline saw the price drop from $88,060 on March 26 to $82,036 on March 29 and led to $158 million in long liquidations. This drop was particularly concerning for bulls, as gold surged to a record high at the same time, undermining Bitcoin’s “digital gold” narrative. However, many experts argue that a Bitcoin rally is imminent as multiple governments take steps to avert an economic crisis. The ongoing global trade war and spending cuts by the US government are considered temporary setbacks. An apparent silver lining is…

Ethereum whales face liquidation risk as ETH prices fluctuate

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Key Takeaways Two Ethereum whales risk forced liquidations due to declining ETH prices. A combined total of 125,603 ETH on the Maker protocol could be liquidated if price thresholds are breached. Share this article Ethereum’s price fluctuations have placed whales on MakerDAO in a vulnerable position, with a combined 125,603 ETH worth around $238 million at risk of liquidation. Data tracked by blockchain analytics platform Lookonchain shows that one whale, controlling around 64,793 ETH, is close to its liquidation price of $1,787. With ETH trading at $1,841 at press time,…

Kalshi sues Nevada and New Jersey gaming regulators

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Prediction market Kalshi filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after both state regulators sent cease and desist orders for the firm to pause all sports-related contracts in the states. Kalshi’s legal team argued that the contracts fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC) and, therefore, cannot be regulated by state-level authorities. The team also contends that the cease and desist orders fail to recognize that Kalshi’s event contracts are two-sided markets that trade as swaps…

The future of finance is built on Bitcoin — Ethereum was just the testnet

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Opinion by: Alisia Painter, chief operating officer of Botanix Labs Without Ethereum, the industry wouldn’t be where it is today in terms of bringing decentralized finance (DeFi) to life, making programmability a key feature of blockchains and proving the value of smart contracts at scale. The Ethereum Virtual Machine has become the go-to platform for developers, with the largest ecosystem and tooling. As DeFi matures, however, it’s worth asking: Is Ethereum the best foundation for the future of financial innovation? Well, the answer might just be Bitcoin. With nearly $6…