bitkoban - altcoin news

Altcoin News

GENIUS Act’s current form is ‘great for Tether USDT’ – Here’s why!
Here's how the GENIUS Act's provisions could impact Tether's operations in the U.S.

AMB Crypto 2025-03-15 17:00
Hyperliquid Trader Who Netted $1.8M Profit with Ether Bet Makes Multimillion-Dollar Chainlink Move
A cryptocurrency trader who netted $1.8 million in profits with a highly leveraged Ether (ETH) position has now shifted focus to Chainlink (LINK), entering a multimillion-dollar position. On March 14, the anonymous whale—referred to as “ETH 50x Big Guy” on social media—placed long positions in LINK worth approximately $31 million with 10x leverage across Hyperliquid and GMX, according to Lookonchain , a Web3 analytics service. In addition to his leveraged bets, the trader also accumulated around $12 million worth of LINK in spot holdings. However, in the hours that followed, he gradually reduced his LINK exposure, swapping portions of his holdings back into stablecoins, on-chain data shows. Hyperliquid’s Liquidity Pool Tested Again The latest move comes just two days after the same trader intentionally liquidated a $200 million ETH long position on Hyperliquid, causing its liquidity pool (HLP) to suffer a $4 million loss. The event sparked debate over the risks associated with highly leveraged trading, with Hyperliquid confirming that the incident was not an exploit but rather a natural outcome of the platform’s mechanics under extreme conditions. The trader walked away with $1.8 million in profits from the trade, contributing to his total earnings of nearly $17 million on Hyperliquid in the past month, according to Lookonchain. Following the ETH liquidation event, Hyperliquid responded on March 13 by tightening collateral requirements for traders with open positions, aiming to prevent similar high-risk scenarios in the future. This whale is long $LINK on #Hyperliquid and #GMX , with a position size of ~$31M. He also spent 12.1M $USDC to buy 863,174 $LINK at $14. https://t.co/SncLPnog4v https://t.co/3fXA7ctoOh pic.twitter.com/kx7WWCiJ4R — Lookonchain (@lookonchain) March 14, 2025 Despite its challenges, Hyperliquid has quickly risen to dominate the perpetuals trading market. According to a January report by asset manager VanEck, the exchange has captured 70% of market share, surpassing competitors GMX and dYdX. The trader’s latest bet comes amid volatile price movements for Chainlink’s LINK token. LINK rallied over 150% following Donald Trump’s U.S. election victory, but has since fallen from its December peak of nearly $30 to under $14 as of March 14, according to CoinGecko data. Despite its price decline, Chainlink remains the leading decentralized oracle network, with a market capitalization of approximately $8.7 billion. Hyperliquid Tightens Trading Rules After Brutal $4M Loss Hyperliquid has tightened trading rules after its liquidity pool took a $4 million hit during the whale liquidation event. While the news initially sparked a 15% crash, the hours since have seen the HYPE price surge 16% to a $14 peak—the first relief from its month-long free fall. Hyperliquid remains the leading perpetual futures exchange, yet retail liquidity has thinned under heavy market FUD. Starting March 15, the platform will require traders to maintain a 20% minimum collateral margin on certain open positions to prevent similar incidents. Prominent DeFi commentator Aylo defended the event as a valuable stress test, arguing that the 1% hit to HLP was a “very reasonable price” to expose and address protocol vulnerabilities. The post Hyperliquid Trader Who Netted $1.8M Profit with Ether Bet Makes Multimillion-Dollar Chainlink Move appeared first on Cryptonews .

cryptonews 2025-03-15 16:45
Insightful Analysis: Meme Coin Market Share Declines, Crypto Fundamentals Gain Traction
The cryptocurrency market is ever-evolving, swinging between trends and narratives faster than you can say “to the moon!” Remember the meme coin frenzy of 2024? Well, according to recent data from YZi Labs, the tide might be turning. Ella Zhang, the head honcho at YZi Labs (formerly Binance Labs), dropped some insightful data on X that’s got the crypto community buzzing. Let’s dive deep into what this means for your crypto portfolio and the future of the digital asset landscape. Are we witnessing a crucial shift in the altcoin market dynamics? Decoding the Meme Coin Market Share Decline: YZi Labs Analysis Ella Zhang shared a fascinating chart illustrating the Meme/Non-Meme Coin Market Cap Ratio. This ratio essentially tells us what percentage of the total cryptocurrency market cap is dominated by meme coins versus more fundamentally driven projects. Here’s a quick breakdown of the key data points she highlighted: February 2024: The ratio stood at a modest 2.5%. Meme coins were present, but not market dominators. November 2024: The meme coin mania peaked! The ratio skyrocketed to a whopping 9%. This period likely coincided with peak hype cycles and viral meme coin surges. February 2025: The ratio has cooled down to 5.67%. While still higher than early 2024, it indicates a significant pullback from the November highs. This data, presented by a prominent figure like Ella Zhang from YZi Labs analysis , isn’t just numbers on a screen. It’s a narrative about the changing sentiments and priorities within the crypto space. But what exactly is driving this shift? Let’s explore the potential factors. Why is the Meme Coin Hype Fading? The Shift Towards Crypto Fundamentals Several factors could be contributing to the declining meme coin market share . It’s not necessarily a meme coin apocalypse, but more of a market maturation and a return to more sustainable investment strategies. Here are some potential reasons: Market Fatigue: Meme coin rallies are often fueled by hype and social media frenzy. Sustaining this level of excitement indefinitely is challenging. Investors might be experiencing meme coin fatigue, seeking projects with more substance. Regulatory Scrutiny: As the crypto market matures, regulatory bodies are paying closer attention. Meme coins, often lacking clear utility or development roadmaps, might face increased scrutiny, making investors cautious. Broader Market Corrections: The overall crypto market experiences cycles of booms and corrections. During market downturns, investors tend to flock to perceived safe havens or fundamentally strong projects, moving away from highly speculative assets like meme coins. The Allure of Utility and Innovation: The crypto space is brimming with innovation – from DeFi and NFTs to layer-2 scaling solutions and real-world applications. Investors are increasingly drawn to projects that offer tangible utility and are solving real-world problems, rather than just riding the wave of internet memes. Smart Money Moves: Experienced crypto investors and institutions are likely re-evaluating their portfolios. While meme coins can offer quick gains, long-term sustainable growth often comes from projects with strong fundamentals, robust technology, and dedicated development teams. Essentially, the market seems to be undergoing a recalibration. The initial euphoria surrounding meme coins might be giving way to a more discerning approach, where investors are asking tougher questions about the long-term viability and intrinsic value of their investments. The Enduring Power of Crypto Fundamentals: Ella Zhang’s Perspective Ella Zhang’s statement, “long-term builders win,” is the crux of the matter. It’s a clear and concise message emphasizing the importance of crypto fundamentals . In a market as volatile and unpredictable as cryptocurrency, focusing on projects with solid foundations becomes paramount. What are these fundamentals, you ask? Think about: Technology and Innovation: Is the project solving a real problem? Does it have innovative technology? Is it scalable and secure? Team and Development: Is there a strong, experienced team behind the project? Is the development activity robust and consistent? Tokenomics: Is the token distribution fair and sustainable? Does the token have a clear utility within the ecosystem? Community and Adoption: Is there a growing and engaged community supporting the project? Is the project seeing real-world adoption or usage? Partnerships and Integrations: Is the project forging strategic partnerships? Is it integrating with other relevant platforms and ecosystems? Projects that excel in these areas are more likely to withstand market fluctuations and deliver long-term value. Meme coins, by their very nature, often lack these fundamental strengths. Their value is primarily driven by social sentiment and hype, which can be fleeting. Navigating the Altcoin Market: Meme Coins vs. Fundamentals – What’s the Play? So, what should crypto enthusiasts and investors make of this shift in altcoin market dynamics? Here are some actionable insights to consider: Diversification is Key: Don’t put all your eggs in one basket, especially not in highly volatile meme coin baskets. A well-diversified portfolio should include a mix of assets, balancing risk and potential reward. Due Diligence is Non-Negotiable: Whether you’re considering investing in meme coins or fundamentally strong projects, always do your own research (DYOR). Understand the project, its team, its technology, and its potential risks and rewards. Long-Term Vision vs. Short-Term Gains: Meme coins might offer the allure of quick profits, but they are also incredibly risky. If you’re in it for the long haul, focusing on projects with strong fundamentals is a more prudent strategy. Stay Informed and Adapt: The crypto market is constantly changing. Stay updated on market trends, regulatory developments, and technological advancements. Be prepared to adapt your investment strategy as needed. Don’t FOMO into Hype: Fear of missing out (FOMO) is a dangerous emotion in crypto. Resist the urge to jump into meme coin rallies based solely on hype. Make informed decisions based on your own research and risk tolerance. Ultimately, the data from YZi Labs analysis suggests a healthy evolution in the crypto market. The decline in meme coin dominance could signal a move towards greater maturity and a renewed focus on projects with real substance and long-term potential. This isn’t to say meme coins are dead – they will likely continue to have their moments in the sun. However, the trend points towards a market that is increasingly valuing fundamentals over fleeting hype. The Future of Crypto: A Blend of Innovation and Fundamentals? Looking ahead, the crypto market is likely to be a dynamic interplay between innovative, fundamentally strong projects and the occasional meme coin frenzy. The key takeaway from Ella Zhang’s data is a reminder of the enduring importance of building and investing in projects with solid foundations. While meme coins can be fun and generate short-term excitement, it’s the builders, the innovators, and the projects focused on solving real-world problems that are poised to shape the future of cryptocurrency. This shift, as highlighted by the declining meme coin market share , could be a sign of a maturing market, one that is learning to differentiate between hype and substance. To learn more about the latest crypto market trends, explore our article on key developments shaping altcoin market price action.

Bitcoin World 2025-03-15 16:20
Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming?
The post Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming? appeared first on Coinpedia Fintech News As the Cardano (ADA) price continues to consolidate near a crucial support level of $0.65, whales and investors appear to be capitalizing on this opportunity. Recently, a prominent crypto expert posted on X (formerly Twitter) that whales have purchased millions of dollars worth of ADA tokens in the past three days. Whales Buy 130 Million ADA Tokens In a post on X, the expert emphasized that crypto whales have bought nearly 130 million ADA tokens in the past 72 hours. This substantial ADA purchase by Whales signals a potential buying opportunity, as the price has dropped significantly in recent days. https://twitter.com/ali_charts/status/1900851466254119161 Impact on ADA Price The impact of this substantial ADA purchase has started to reflect in the asset’s price. According to CoinMarketCap data, ADA is currently trading near $0.75, having surged over 4% in the past 24 hours. Additionally, during the same period, the asset’s trading volume jumped by 10%, indicating increased participation from traders and investors looking to capitalize on the current price. Cardano (ADA) Technical Analysis and Upcoming Levels According to the expert’s technical analysis, ADA appears bullish as it has broken out of a small consolidation phase that it had been experiencing for the past five days and is currently trading above that zone. Based on recent price action and historical momentum, if the asset closes a daily candle above the $0.75 level, it will confirm a successful breakout and could soar by 13% to reach $0.85 in the coming days. Source: Trading View Following the breakout, ADA has surged above the 200 Exponential Moving Average (EMA) on the daily timeframe, confirming its uptrend. ADA Traders’ Over-Leveraged Positions Aside from this bullish outlook, intraday traders appear to be strongly betting on the bearish side, as reported by the on-chain analytics firm Coinglass . The data revealed that traders are currently over-leveraged at $0.724 on the lower side, with bulls holding $9 million worth of long positions. Meanwhile, $0.763 is another over-leveraged position where traders betting on the short side have held $13 million worth of positions. Source: Coinglass This data clearly reveals traders’ sentiment despite the breakout.

coinpedia 2025-03-15 16:06
HYPE price prediction – Odds of a rebound in the face of selling pressure are…
The liquidation map showed a cluster of high-leverage liquidation levels around the $14.84-zone.

AMB Crypto 2025-03-15 16:00
Goldman Sachs Breaks Silence on Crypto in Shareholder Letter
In a historic move, Goldman Sachs, the world’s second-largest investment bank, has formally acknowledged cryptocurrencies and blockchain technologies in its 2024 annual shareholder letter—a first since its years-long silence on digital assets dating back to 2017. The bank stated, “The growth of electronic trading and the introduction of new products and technologies, including trading and … Continue reading "Goldman Sachs Breaks Silence on Crypto in Shareholder Letter" The post Goldman Sachs Breaks Silence on Crypto in Shareholder Letter appeared first on Cryptoknowmics-Crypto News and Media Platform .

Cryptoknowmics 2025-03-15 15:29
Feature documentary about Vitalik Buterin and Ethereum’s history to premiere on April 15, 2025
A feature documentary about Vitalik Buterin premiers April 15. The documentary will capture Buterin’s early life as a teenage programmer. Ethereum’s journey over the past 10 years will dominate the film. A feature documentary about Vitalik Buterin, the brain behind Ethereum, is set to premiere on April 15, 2025. According to the film producers’ latest post, it will be available on Apple TV and Prime Video starting on that date. Pre-orders are also open for those who want to support the film. Vitalik: An Ethereum Story is releasing globally on April 15th on @appletv and @primevideo ! You can preorder today to give the film a boost. pic.twitter.com/DKBEVAQ7Ao — Vitalik: An Ethereum Story (@EthereumFilm) March 14, 2025 What’s the Documentary About? A recently released trailer portrays Buterin as a prodigy who set out to reimagine the internet. The film will chronicle the inventor’s early life as a teenage programmer who became a technology leader. Related: Ethereum Price Set for $4K Breakout as Upgrades Propel Rally It will also delve into how Ethereum ignited a global movement, sparking a trillion-dollar industry while staking a revolutionary… The post Feature documentary about Vitalik Buterin and Ethereum’s history to premiere on April 15, 2025 appeared first on Coin Edition .

Coin Edition 2025-03-15 15:15
Will Pi Network Price Recover Above $2 Amid Rush for Pi Domains?
Pi Network price has come under strong selling pressure, dropping another 8% to $1.45 today. However, the recent buzz around the launch of Pi domains could change the trajectory of Pi Coin, pushing it back to above $2 once again. Pi Network Launches Domain Bidding with Pi Coins In the latest development, Pi Network announced the launch of .pi domains allowing users to exclusively bid in the native cryptocurrency, i.e. Pi Coin. The event already kicked off on Pi Day on March 14, and will continue further until Pi2Day, up to June 28, 2025. The auction represents a significant step for the Pi ecosystem, as it creates a real-world utility case for the cryptocurrency. According to the announcement: “The .pi Auction is fully run on Pi cryptocurrency—people need to use Pi to bid and purchase something that has real-world meaning and purpose.” The organization also announced that it won’t accept any other digital assets except for Pi Coins. All proceeds from the auction will be reinvested into the Pi ecosystem, supporting developer programs, events, and initiatives that enhance Pi’s utility. Heavy Rush for Amazon, Samsung and Tesla Pi Domains Soon after the announcement within the Pi Network ecosystem, .pi domains linked to top firms such as Tesla, Samsung, and Amazon have been bid on a single wallet address. The total expenditure for these bids amounts to a substantial 60,000 Pi Coins (PI). This activity highlights growing interest in Pi domains, showcasing the platform’s potential to create a competitive marketplace centered around exclusive naming rights within the Pi Network. The auction structure for .pi domains includes a dynamic timeframe for individual domain bidding. While the overall auction has a fixed end date, specific domain auctions will be extended if new bids are placed within 24 hours of their scheduled conclusion. Pi Coin Action Moving Ahead Ahead of the Pi Day on March 14 , traders had turned increasingly bearish about Pi Coin eroding nearly $1 billion market cap for the altcoin. As per the Coinglass data , the open interest has also dropped 6% in the last 24 hours. Crypto market analysts are hopeful that the PI price will stage a bounce back from the $1.45 levels. On an immediate basis, Pi Coin first needs to reclaim $1.56 levels, which will open further gates for a rally to $2 and beyond. Source: Crypto Wizard It will be interesting to see whether market analysts turn bullish ahead of here. Some market analysts have also been predicting a PI price rally to $10 moving from here onwards. The post Will Pi Network Price Recover Above $2 Amid Rush for Pi Domains? appeared first on CoinGape .

CoinGape 2025-03-15 14:44
SEC Delays XRP ETF Decision Pending New Chair Confirmation
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on several spot altcoin ETF applications, including one for XRP, as it awaits the confirmation of Paul Atkins as the agency’s new Chair. According to a post by crypto researcher SMQKE (@SMQKEDQG), the delay aligns with the previous administration’s cautious approach to crypto ETF … Continue reading "SEC Delays XRP ETF Decision Pending New Chair Confirmation" The post SEC Delays XRP ETF Decision Pending New Chair Confirmation appeared first on Cryptoknowmics-Crypto News and Media Platform .

Cryptoknowmics 2025-03-15 14:31
XRP’s Correction Ends: Analysts Predict a Surge Beyond $5.85
XRP must close above $2.83 to confirm strength and target $4.20 next. Support at $2.22 and $2.04 could prevent a bearish breakdown below key levels. A break below Fibonacci 0.888 may trigger a dip before a bullish recovery. XRP’s correction has ended, pointing to a potential price surge, with one analyst setting a target of $5.85. Analyst Dark Defender believes XRP has finished its correction and is expected to target $2.42 first. The key supports are at $2.22 and $2.04, while analyst Dark Defender sees potential for a move towards $4.2932 and $5.8563. This prediction is based on XRP’s ability to sustain momentum above the Ichimoku cloud, a critical indicator for trend confirmation. Hi all! I hope you are well! XRP has finalised the correction on the four-hour time frame! Below is the daily time frame. Considering the correction structures, XRP is expected to move towards $2.42 first. The real momentum will start after XRP stands above the Ichimoku… pic.twitter.com/Wh4u3PUogO — Dark Defender (@DefendDark) March 12, 2025 Bullish Scenario: Can XRP Break Key Levels? Meanwhile, EGRAG CRYPTO highlights the significance of the Blue Channel, wh… The post XRP’s Correction Ends: Analysts Predict a Surge Beyond $5.85 appeared first on Coin Edition .

Coin Edition 2025-03-15 14:15
Institutional Investors Drive Focus Toward Promising Altcoins
Institutional investors are increasingly focusing on altcoins for portfolio diversification. Market confidence is rising due to political developments and ETF application trends. Continue Reading: Institutional Investors Drive Focus Toward Promising Altcoins The post Institutional Investors Drive Focus Toward Promising Altcoins appeared first on COINTURK NEWS .

CoinTurk News 2025-03-15 14:08
Chainlink – Assessing market impact after $269M LINK unlock
Here's how LINK's price might react to the 19M unlock and Bitcoin's movements.

AMB Crypto 2025-03-15 14:00

First ← 1 2 3 4 5 6 7 ... → » Last