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CMC News: $XRP Ledger Wins Major Institutional Deal as Guggenheim Launches Tokenized Commercial Paper.
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Optician: 'What do you see at the end of the road?' Me: 'Is that... CoinMarketCap?' Optician: 'That's supposed to be a hot air balloon' Me: 'Yeah, exactly. CMC.'
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CMC News: Coinbase has officially rolled out wrapped versions of $XRP and $DOGE on its Base layer-2 network. The new cbXRP and cbDOGE tokens maintain 1:1 backing with actual $XRP and $DOGE held in Coinbase custody. This move enables cross-chain functionality for both cryptocurrencies within Base's expanding DeFi ecosystem. Within 24 hours of launch, over 2.3 million cbXRP worth $5 million and 10.4 million cbDOGE worth $1.9 million were issued. The wrapped tokens join Coinbase's existing cbBTC, which has reached a market cap of $4.7 billion since its September launch. Additional wrapped assets, cbLTC and cbADA, remain in development with launch dates pending. Base positions itself as a competitive layer-2 solution offering reduced transaction costs and faster processing for DeFi users.
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CMC News: Coinbase CEO Brian Armstrong has cautioned that $BTC could replace the U.S. dollar as the global reserve currency if Congress fails to address America's $37 trillion debt crisis.
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CMC News: TGBP Stablecoin Launches as U.K. Regulatory Framework Takes Shape. BCP Technologies has launched its British pound-backed stablecoin $TGBP on the Ethereum blockchain. The FCA-registered firm positions the token as a "live proof-of-concept" for upcoming U.K. stablecoin regulation. Each $TGBP token represents one British pound held in segregated bank accounts. The company plans to eventually back the stablecoin with short-term U.K. government bonds in line with FCA proposals. BCP will participate in FCA roundtable discussions on July 4 regarding new regulatory frameworks. Major exchanges are expected to list $TGBP in the coming weeks following a 14-month regulatory submission process. The pound stablecoin market remains largely untapped, with existing options having less than $500,000 combined market cap. BCP targets use cases including cross-border payments, institutional collateral management, and tokenized asset settlement.
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CMC News: XAUt0 Launches Omnichain Gold Token on TON Network Tether has unveiled XAUt0, the omnichain version of its gold-backed stablecoin $XAUt, with first deployment on TON Network. The token enables seamless movement across blockchains using LayerZero's Omnichain Fungible Token standard. XAUt0 maintains 1:1 backing through 7.7 tons of London Bullion Market Association-certified gold in Swiss vaults. Unlike traditional gold ETFs offering only price exposure, XAUt0 provides direct ownership with 24/7 access and physical redemption options. The omnichain deployment opens new DeFi possibilities, including multichain lending and gold-FX arbitrage strategies. The current $XAUt market cap stands at $770 million with independently verified reserves following ISAE 3000 standards.
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IMG_7390
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The only routine I've managed to stick with for longer than a week
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The most accurate forecast I've ever seen - CMC all day, every day!
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Wondering why CETUS is crashing? CMC AI clocked it in seconds.
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CMC News: BlackRock Bitcoin ETF Accumulates 631,962 $BTC Worth $65 Billion BlackRock's spot Bitcoin ETF now holds 631,962 $BTC valued at approximately $65 billion. This represents nearly 3% of the total Bitcoin supply under management. The milestone demonstrates growing institutional confidence in $BTC as a mainstream asset. BlackRock's ETF has seen consistent inflows outpacing competitors since its launch. The holdings signal declining perceived risk of Bitcoin among traditional investors. Other institutional players, including pension funds and hedge funds, may follow suit. The accumulation could accelerate institutional adoption and increase market liquidity.
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CMC News: Ethereum Unveils Trillion-Dollar Security Roadmap.
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CMC News: $ETH Lido DAO Initiates Emergency Vote After Oracle Compromise Drains Funds.
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$ETH Market Cap Surpasses $300B, Overtakes Coca-Cola and Alibaba Ethereum's market value has exceeded 300$300 billion, reaching $309.52 billion with a 24-hour increase of 8.42%, according to 8MarketCap data. The world's second-largest cryptocurrency has now surpassed corporate giants Alibaba ($303.72 billion) and Coca-Cola ($303.53 billion). This milestone pushes Ethereum to the 39th position in the global asset market value ranking. The dramatic valuation increase reflects growing mainstream adoption and institutional investment in the ETH$ETH ecosystem. Ethereum continues to solidify its position among the world's most valuable assets beyond just the blockchain sector.
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My moods in a nutshell:
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CMC News: CZ Proposes $BTC and $BNB for Kyrgyzstan's National Crypto Reserves.
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CMC Feature Highlight | CMC Community
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My plans today:
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Bitcoin Reserves on Exchanges Drop to Lowest Level in Over Six Years as Public Companies Purchase 425,000 BTC Bitcoin reserves on exchanges have dropped to their lowest levels since November 2018, with a significant decrease observed since November 2024. Bitcoin reserves on exchanges have dropped to their lowest levels since November 2018, with a significant decrease observed since November 2024. This reduction, totaling more than 425,000 BTC, is largely attributed to public companies acquiring the digital asset. According to Fidelity Digital Assets, the current supply of Bitcoin on exchanges is approximately 2.6 million BTC, marking the lowest level in over six years. Publicly traded companies have been responsible for purchasing nearly 350,000 BTC, a trend that is expected to continue growing in the near future. One of the primary drivers behind these acquisitions is Strategy, a firm co-founded by Michael Saylor. Since November 2024, Strategy has accumulated 285,980 BTC, making up a significant portion of the total Bitcoin bought by public companies. The latest purchase by Strategy, 6,556 BTC, was disclosed in April 2025. Additionally, companies outside the U.S. are also adopting similar strategies. Metaplanet, a company in Japan, holds 5,000 BTC and aims to double that number this year. In Hong Kong, HK Asia Holdings has announced plans to raise $8.35 million to increase its Bitcoin reserves. The removal of Bitcoin from exchanges has had a noticeable effect on the market. Between April 19 and 23, 15,000 BTC left exchanges, coinciding with Bitcoin’s price rising above $93,000. This followed a previous period when Bitcoin inflows to exchanges surged by 15,000 BTC. These movements suggest that investors may be moving their Bitcoin off exchanges for long-term storage, rather than selling or trading it. This pattern of accumulating Bitcoin off exchanges is often seen as a sign of long-term investment. Despite the increasing demand from institutional investors, overall market liquidity remains low. The demand for Bitcoin has decreased by 146,000 BTC over the past 30 days, although this is less than the 311,000 BTC decline seen in March 2024. Additionally, momentum from new buyers has slowed, with a drop of 642,000 BTC over the last month. Spot Bitcoin ETFs have also seen minimal activity in 2025, with net outflows of 10,000 BTC, compared to net purchases of 208,000 BTC by this time in 2024. The decrease in Bitcoin on exchanges has contributed to a shift in market dynamics, with smaller retail players becoming more active. The Exchange Whale Ratio, a measure of large traders' dominance, fell below 0.3 in April 2025, indicating that retail investors are having more influence on the market. Despite this, Bitcoin's price remains volatile, and a sudden shift in market conditions could push Bitcoin past $98,000, though strong demand signals are necessary for sustained growth. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Janover Doubles Solana Holdings to $21M, Sees 1,700% Stock Surge After Crypto Pivot Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million. Janover, a real estate-focused fintech company, has ramped up its investments in Solana (SOL), now holding a total of 163,651 tokens, valued at approximately $21.2 million. This is part of the company's strategy to focus its treasury on cryptocurrency, specifically Solana, making it the first publicly traded U.S. firm to take such an approach. On April 15, Janover announced the purchase of 80,567 SOL tokens for $10.5 million, adding to previous buys made earlier this month. The company's treasury strategy, approved by the board on April 4, also includes staking the tokens and potentially operating Solana validators. Janover seems to be following MicroStrategy’s Bitcoin moves by becoming a major player in Solana. Former Kraken executives Joseph Onorati and Parker White, who took control of Janover earlier this year, are leading the charge on this pivot. Onorati, a former Kraken chief strategy officer, now serves as chairman and CEO of Janover, while White, previously Kraken’s engineering director, is the company’s chief investment officer and COO. Under their leadership, Janover raised $42 million through convertible notes to fund its acquisition of Solana tokens and further its digital asset strategy. Janover's stock has seen a dramatic rise since the announcement of its crypto pivot in early April, increasing by 1,700%. On April 15, the stock price reached $73.74, a 12% jump following the latest SOL purchase. The company’s stock surge highlights the growing institutional confidence in its new strategy. The company's shift to cryptocurrency does not mean it is abandoning its real estate roots. Janover's AI-powered platform for commercial real estate will continue to operate under the guidance of founder Blake Janover and CFO Bruce Rosenbloom. In addition to its focus on Solana, Janover is also exploring ways to participate more directly in blockchain infrastructure, including the potential operation of Solana validators. This would allow the company to earn rewards through Solana’s proof-of-stake network. The company’s strategy has drawn attention in the crypto world, particularly with its efforts to become the largest corporate holder of Solana in the United States. By focusing on a crypto treasury strategy, Janover is positioning itself as a forward-thinking player in both the real estate and blockchain industries. The move also highlights the increasing interest in digital assets among institutional investors as blockchain technology continues to gain mainstream acceptance. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Week in GameFi: BNB Chain Games Cook, $SHRAP & $GUNZ REKT? Introduction As the Tariff War Games appear to have been put on the back burner the next 90 days, the Web3 gaming sector and the rest of the market got a much-needed boost this week with exciting new titles debuting on the BNB Chain and with Immutable (IMX) announcing it will merge its original Immutable X network into its newer Immutable zkEVM blockchain. The crypto majors like Bitcoin, Ethereum, XRP, BNB and Solana experienced whiplash after Trump stirred the markets. First, he said it was a great time to buy, then eased tariffs for much of the world, except China. Then he doubled down with even tougher tariffs on China. Market Overview The GameFi market cap dropped more than 20%, from $10.73 billion to $8.82 billion, as chaos erupted all over the markets. Later, however, it saw a decent recovery and ended at $10.13 billion over the seven-day period. Unfortunately, we hit new yearly lows—though so did the entire market. Can the devs please do something? Here is the GameFi chart for the last 12 months.
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If this post reaches you... Here is your trophy for your patience!
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Where would you expect more Bitcoin ATMs?
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When bro and I text each other 'you seeing this chart?' at the same time.
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Avalanche Expected To Outperform Bitcoin by 2029, Says Standard Chartered Standard Chartered has released a report predicting significant price increases for Avalanche’s AVAX token, which could see a rise to $250 by the end of 2029. Standard Chartered has released a report predicting significant price increases for Avalanche’s AVAX token, which could see a rise to $250 by the end of 2029.This projection suggests a staggering 1,326% increase from its current trading price of $18. In comparison, the bank anticipates that Bitcoin's price will reach approximately $500,000, marking a nearly 500% increase from its current value of around $82,650. Geoff Kendrick, the global head of digital assets research at Standard Chartered, attributes Avalanche's potential growth to its innovative approach to network scaling through dedicated layer-1 application networks, previously known as subnets. Kendrick noted that Avalanche's smaller market capitalization allows for substantial impacts from incremental development improvements, positioning AVAX to outperform both Bitcoin and Ethereum. The bank forecasts that AVAX will experience positive momentum as early as this year, with a target price of $55 by the end of 2025. Further projections indicate prices of $100 in 2026, $150 in 2027, and $200 in 2028. Avalanche’s recent Etna Upgrade, which enhanced support for its scaling solutions and reduced engagement costs, is expected to attract more developers to its network. Despite its current position, AVAX reached a peak of nearly $145 in 2021 and is currently trading approximately 88% below that level. The decentralized finance (DeFi) sector remains competitive, with various blockchains striving to enhance transaction speeds and lower costs to draw in users and developers. Kendrick expressed cautious optimism about Avalanche’s new layer-1 approach, noting that one-quarter of active layer-1s are already compatible with the Etna upgrade, indicating a positive trend for future development on the network. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Tag someone and tell them why they make this community better
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SEC Drops Ripple Appeal, Paving the Way for Potential XRP ETF Approval in 2025 The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the Ripple case, marking a significant moment for the crypto industry. The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the Ripple case, marking a significant moment for the crypto industry. After years of legal battles, the SEC's decision not to appeal the 2023 ruling by U.S. District Judge Analisa Torres brings clarity to the issue of whether XRP, the cryptocurrency issued by Ripple, is a security. The ruling stated that Ripple's "programmatic sales" of XRP via secondary exchanges like Coinbase and Kraken did not violate securities laws. However, direct sales of XRP to institutional investors were deemed securities violations, resulting in a $125 million fine for Ripple. Samson Enzer, a partner at Cahill Gordon & Reindel LLP, highlighted the importance of the Ripple case. Unlike other dropped cases, such as those against Coinbase and Kraken, which were in the early stages, Ripple's case had progressed further, covering larger legal issues. Enzer noted that this dismissal could have more impact on the crypto industry since it set a broader legal precedent. With the legal battle over, attention now turns to the possibility of an XRP exchange-traded fund (ETF). Multiple firms, including Grayscale, WisdomTree, and Bitwise, have filed for XRP ETFs, and there is growing optimism within the industry that the SEC will approve one soon. Prediction platform Polymarket shows an 80% chance of an XRP ETF being approved this year. Ripple CEO Brad Garlinghouse expressed confidence, stating that he believes the SEC will approve an XRP ETF in the second half of 2025. Enzer believes the shift in the SEC's approach to crypto could pave the way for more crypto-related products, including ETFs. He added that secondary market sales of cryptocurrencies like XRP are now considered commodities or property, meaning exchanges will not need to register to trade these assets. He emphasized that the SEC's decision not to appeal the ruling was a huge development for the crypto industry, marking the end of years of litigation on the matter. However, the SEC's stance on direct sales of XRP to institutional investors still stands. Ripple will retain $50 million of the $125 million fine for these violations. Meanwhile, state-level enforcement of crypto regulations could still occur, especially if fraud or market manipulation is involved. The SEC's actions under new leadership suggest a shift toward a more cooperative approach with the crypto industry, and some expect the regulatory environment for digital assets to become more flexible. While there may still be enforcement at the state level, Enzer noted that the federal government seems to be moving in a more positive direction for the crypto market. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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What I think happens after asking, "Anyone else confused?"
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Today's Crypto Moves!
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Me swearing 'never again' after making a mistake, then watching myself do the exact same thing again
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IMG_5747
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Ethereum Gas Fees Drop 95% in One Year, but ETH Price Falls 53% Since Dencun Upgrade Ethereum’s gas fees have dropped by 95% in the year following the Dencun upgrade, significantly reducing transaction costs. Ethereum’s gas fees have dropped by 95% in the year following the Dencun upgrade, significantly reducing transaction costs. The upgrade, which went live on March 13, 2024, combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer, introducing nine Ethereum Improvement Proposals (EIPs). The main goal was to improve scalability and lower fees, particularly for layer-2 networks. According to YCharts, Ethereum’s average gas fee has fallen from 72 gwei in 2024 to just 2.7 gwei as of March 12, 2025. Etherscan data shows that an average swap now costs $0.39, while an NFT sale averages $0.65. A year ago, these transactions cost users $86 and $145, respectively. Despite the lower fees, Ether’s price has dropped by 53% since the upgrade. In March 2024, ETH was trading at over $4,070, but as of March 13, 2025, its value has fallen to around $1,891, according to CoinMarketCap. Dominik Harz, co-founder of Build on Bitcoin (BOB), pointed out that the recent drop erased all DeFi total value locked (TVL) gains since Trump’s election. He also noted that Ethereum has faced a challenging few months, while Solana has seen increased activity, particularly with meme coins. Ethereum’s upcoming Pectra upgrade has also encountered issues. The upgrade was deployed on the Sepolia testnet on March 5, 2025, but developers soon noticed errors, including blocks being mined without transactions. Ethereum developer Marius van der Wijden confirmed that a fix was deployed, but the same error was later triggered again by an unknown user, causing further disruptions. The development team eventually stabilized the testnet, allowing transactions to resume normally. Harz said that while these testnet problems are delaying the mainnet launch, they are not Ethereum’s biggest concern. He explained that Pectra will increase data availability for layer-2 networks, reduce costs, and improve execution capacity. However, he argued that Ethereum is losing its status as the leading blockchain for developers and that Pectra alone will not solve the deeper problems the network faces. The sharp reduction in gas fees is a major improvement for users, but Ethereum’s price decline and technical challenges raise concerns about its long-term position in the market. While the network continues to evolve, its ability to maintain dominance in the crypto space remains uncertain. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Thailand’s SEC Approves Tether’s USDT and Circle’s USDC Stablecoins for Trading on Regulated Exchanges Thailand’s Securities and Exchange Commission (SEC) has officially approved Tether’s USDT and Circle’s USDC stablecoins for trading on regulated exchanges. Thailand’s Securities and Exchange Commission (SEC) has officially approved Tether’s USDT and Circle’s USDC stablecoins for trading on regulated exchanges. This decision, made after a public consultation in February, will take effect on March 16. The SEC previously approved only Bitcoin (BTC), Ether (ETH), XRP, Stellar (XLM), and certain tokens used in the Bank of Thailand’s settlement system for trading. With this move, Thailand expands its list of approved cryptocurrencies, further legitimizing the use of stablecoins in the country. Tether’s approval in Thailand comes after the company ensured compliance with local regulations, and it allows digital asset businesses to adopt USDT. Tether CEO Paolo Ardoino expressed the company’s commitment to providing Thai users with secure and reliable stablecoin services, emphasizing the company’s focus on improving its offerings in the Thai market. USDT, the largest stablecoin by market capitalization, is valued at $142 billion, followed by USDC with a market cap of $58 billion. Thailand’s decision aligns with global trends that show increasing use of stablecoins in the crypto space. This shift is especially prominent in emerging markets, where stablecoins are becoming a preferred option for cross-border payments. A report from a16z Crypto revealed that in December 2024 alone, 28.5 million unique stablecoin users conducted over 600 million transactions, indicating the growing popularity of stablecoins, particularly in regions like Southeast Asia, Africa, and Latin America. Stablecoins offer cheaper and faster alternatives to traditional remittance systems. In Sub-Saharan Africa, for instance, using stablecoins for remittances can cost up to 60% less than traditional methods. The approval of USDT and USDC in Thailand is expected to increase their use in the country’s financial systems and contribute to the broader adoption of cryptocurrencies. Thailand is also enhancing its regulatory framework, having set up a regulatory sandbox in August 2024 to allow service providers to experiment with crypto technologies. Despite Tether’s dominance in the stablecoin market, it faces rising competition. Global financial institutions, such as Bank of America, are looking to launch their own stablecoins for cross-border payments. In addition, Tether has been excluded from the EU’s Markets in Crypto-Assets (MiCA) regulations, complicating its growth in Europe. However, Thailand’s approval of USDT and USDC demonstrates the country’s commitment to integrating cryptocurrencies into its financial ecosystem and positioning itself as a leader in Southeast Asia’s crypto space. With this move, Thailand continues to push for wider cryptocurrency adoption, setting a strong precedent for other nations in the region to follow. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Solana DEX Volumes Compete With Ethereum Despite Meme Coin Market Collapse: VanEck Solana’s decentralized exchange (DEX) volumes remain competitive with Ethereum’s ecosystem despite a sharp decline in meme coin trading activity. Solana’s decentralized exchange (DEX) volumes remain competitive with Ethereum’s ecosystem despite a sharp decline in meme coin trading activity, according to a report by asset manager VanEck. In February, Solana briefly accounted for 43% of all on-chain DEX trading volume, surpassing Ethereum and its layer-2 networks combined. By March, its share had dropped to around 30%, slightly below Ethereum’s 40%. VanEck’s head of research, Matthew Sigel, noted that despite the decline in meme coin activity, Solana’s DEX volumes were still on par with Ethereum’s ecosystem. However, trading activity on the Solana network slowed significantly after a series of meme coin-related incidents. Stablecoin transfers, critical for on-chain trading, dropped by 80% compared to January levels. The decline was partly triggered by the collapse of several high-profile meme coins, including Libra, a token linked to Argentine President Javier Milei. On Feb. 14, Libra lost approximately $4.4 billion in market capitalization within hours of its launch. Another major loss came from Official Trump (TRUMP), a meme coin associated with U.S. President Donald Trump. Since January, traders have lost around $2 billion across 800,000 wallets tied to the token. Meme coin trading, which primarily occurs on the Pump.fun platform, has been a major revenue source for Solana, accounting for approximately 80% of the network’s income. However, new token launches on Pump.fun have dropped by over 80% since the beginning of the year. Most tokens launched on the platform gain initial liquidity there before transitioning to Raydium, Solana’s leading DEX. Raydium continues to hold over $1.3 billion in total value locked (TVL), according to DefiLlama. Despite the decline in meme coin activity, Solana has outperformed the broader crypto market in the current cycle. VanEck reported that Solana’s token price has surged by 191%, while on-chain revenues, excluding maximal extractable value (MEV), have increased by 700%. The supply of stablecoins on Solana has also risen by 291% this year. VanEck highlighted that meme coin trading has been one of the biggest drivers of Solana’s recent growth. The firm noted that Pump.fun alone has generated more than $577 million in fees in just over a year. However, the recent decline in meme coin trading raises questions about the sustainability of Solana’s rapid growth. While the network has proven resilient, its heavy reliance on speculative trading could present challenges if meme coin activity continues to drop. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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CMC Labs is CoinMarketCap’s accelerator program, dedicated to helping high-quality crypto startups reach their full potential. With our extensive network and resources, we provide startups with the tools and connections they need to succeed. KEY OVERVIEW - 250m+ monthly pageviews on coinmarketcap.com - 50+ active and high-value partners for Labs + 100s more connections - A highly selective program HOW IT WORKS 1. Application submission: Submit your application online. 2. Initial evaluation: Our team reviews your application. 3. Meet the CMC Labs team: Selected startups have an initial conversation with our team. 4. Committee voting: If there is mutual interest, an internal committee votes on your application. 5. Acceptance and onboarding: Successful startups are onboarded into the program. 6. Acceleration program: Use our extensive acceleration package and features. 7. Post-acceleration support: Receive ongoing support even after the program ends.
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2 Solana Futures ETFs Listed on DTCC, Raising Hopes for Spot Solana ETF Approval Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list. Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list. These funds, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT), mark the first Solana-based products to be added to the list. These ETFs are designed to offer investors exposure to Solana futures contracts, which are now available through exchanges regulated by the Commodity Futures Trading Commission (CFTC). While the funds’ listing on the DTCC is a significant step, experts caution that it does not mean the ETFs are ready for trading. A similar situation occurred when VanEck's Ethereum ETF was listed on the DTCC in May 2024 and began trading on Cboe two months later. For the Volatility Shares funds, their listing indicates preparation for trading but doesn’t guarantee immediate market availability. The launch of Solana futures contracts on Coinbase’s CFTC-regulated derivatives exchange earlier this month made these ETFs possible. Volatility Shares originally filed for three new Solana ETFs last year, which would provide 1x, 2x, and -1x leveraged exposure to Solana futures. However, the -1x leveraged ETF does not appear on the DTCC list. This progress comes at a time when the U.S. Securities and Exchange Commission (SEC) has also acknowledged spot Solana ETF filings from issuers such as 21Shares, Bitwise, Canary, and VanEck, signaling growing momentum for Solana-based investment products. Bloomberg Senior ETF Analyst Eric Balchunas noted that Volatility’s filings bode well for the possibility of a spot Solana ETF approval, although a DTCC listing is just one step in the process. Despite the progress in Solana’s ETF offerings, it’s important to remember that the launch of these ETFs is still in its early stages. Solana’s price is trading at $135.42, down 0.1% in the past 24 hours, indicating that its market performance remains somewhat volatile. Solana is not the only altcoin seeing interest from investors. Other cryptocurrencies, including XRP, Litecoin, and Dogecoin, are also drawing attention from U.S. issuers working to launch exchange-traded products. These developments come as the regulatory environment around digital assets continues to evolve, allowing more financial products based on cryptocurrencies to enter the market. The appearance of Solana ETFs on the DTCC list and the recent launch of Solana futures contracts on regulated exchanges suggest that these products could soon become more common. This reflects the ongoing changes in the crypto industry as it becomes more integrated into traditional financial markets, opening new opportunities for both institutional and retail investors. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Never back down. Never give up
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CMC Research: Alephium Deep Dive In collaboration with @alephium, we explore how sharded Layer-1 combines Bitcoin's UTXO with Ethereum's account model, achieves 10K TPS through innovative sharding, and reduces energy usage by 87% with Proof of Less Work. Read our full analysis
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Solana Falls 8.8% Following LIBRA Meme Coin Crash and $2 Billion Token Unlock Threat Solana’s price has dropped 8.8% in the past 24 hours, hitting $169.01, marking its lowest point since mid-December. Solana’s price has dropped 8.8% in the past 24 hours, hitting $169.01, marking its lowest point since mid-December. This comes amid a wave of controversies surrounding meme coins like LIBRA and Harry Bolz (HARRYBOLZ) that are based on Solana's blockchain. Solana has fallen 16.5% in the past week and 39.1% since last month, according to CoinMarketCap data. LIBRA, a Solana-based meme coin, quickly gained attention after launching on Friday, briefly reaching a market cap of over $4 billion. However, it soon crashed, shedding more than $4.4 billion in value just hours after its peak. The token’s rise and fall were tied to its endorsement by Argentine President Javier Milei. The endorsement led to fraud charges against Milei, filed by his political opponents. The complaint accuses him of misleading the public by promoting the token and it alleges insider trading. Further controversy has surrounded LIBRA, with blockchain investigators linking its backers to those behind Melania Trump’s meme coin, MELANIA. Harry Bolz (HARRYBOLZ), another meme coin on Solana’s blockchain, saw an incredible surge of 54,637% before crashing. The brief surge was sparked when Tesla CEO Elon Musk changed his name on X (formerly Twitter) to match the coin. Another Solana meme coin, Vigilante (VIGI), surged and then collapsed by 69% after a man was arrested while trying to promote the coin by climbing the Hollywood sign. Beyond meme coins, other factors are adding to the negative sentiment around Solana. A major event on March 1, when 11.2 million SOL tokens (worth $2.06 billion at current prices) will be unlocked, is creating concern. These tokens were acquired by firms during the liquidation of FTX’s assets, and their release may lead to large-scale selling of SOL, putting additional pressure on the price. However, there is still some optimism regarding Solana's long-term potential. Recently, the network marked one full year without a network outage, something that had been a recurring issue in the past, particularly in 2022. Despite the current drop in SOL’s price, some analysts believe Solana's future remains bright. VanEck, a prominent asset management firm, has predicted that SOL could rise to $520 by the end of 2025. This is based on expectations that Solana will capture more of the smart contract blockchain market and increase its share of decentralized exchange (DEX) volumes and active users. Although Solana faces challenges in the short term, including the issues with meme coins and the upcoming token unlock, some investors remain optimistic about its longer-term prospects. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Setting every possible alert to never miss a pump but sleeping through all of them AGAIN.
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Today's Crypto Moves!
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Dear diary: I admit that buying $1000 of that meme coin was not, in fact, the galaxy brain move I thought it was.
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Galaxy’s Novogratz Says Ethereum Sentiment is 'Unbelievably Bearish' as ETH Lags Behind Bitcoin and Solana Ethereum has been struggling to keep pace with Bitcoin and Solana, and Galaxy Digital’s CEO Mike Novogratz attributes much of this to an "unbelievably bearish" sentiment surrounding the cryptocurrency. Novogratz believes regulatory pressure, particularly from the U.S. Securities and Exchange Commission (SEC), is a major reason for Ethereum’s poor performance in recent months. Speaking on the Infinite Jungle podcast, he pointed to the scrutiny Ethereum faced regarding whether Ether is classified as a security, especially following the SEC’s legal actions against Consensys. Ethereum’s price has fluctuated over the past few months. As of February 2025, it was trading at around $2,700, a 15% increase over the past year. This is far behind Bitcoin and Solana, both of which have experienced over 100% growth during the same period. While Bitcoin and Solana have seen significant price rallies and reached all-time highs, Ethereum's price trajectory has been erratic, dipping consistently since mid-December. Novogratz noted that Ethereum’s original narrative as a platform for Web3 technology has shifted. "Most of the market cap of Ethereum right now is store of value, but what got people there is a narrative about this is going to be Web3," he explained. This shift in focus from a Web3 platform to a store of value has affected Ethereum’s appeal. Novogratz emphasized that in crypto ecosystems, enthusiasm around a project’s narrative can drive value, but if that narrative fades, the value may decline as well. In addition to these challenges, Novogratz also commented on the Ethereum Foundation’s role, mentioning that the organization has been at the center of growing fears, uncertainty, and doubt (FUD). He suggested that the foundation should stick to its role as a research organization and leave advocacy to other entities, like Consensys. Ethereum has faced mounting criticism from within its own community, with many questioning the protocol’s future and some declaring they’ve lost hope. Despite these struggles, Ethereum remains a prominent store of value in the cryptocurrency world. However, its initial promise as the backbone of decentralized applications and Web3 has faced setbacks, as evidenced by its performance against competitors. With uncertainty swirling both within the community and externally, and as it lags behind Bitcoin and Solana, Ethereum’s future remains uncertain. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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CMC News: President Trump’s Crypto Czar, David Sacks, will hold a press conference today (Feb. 4) at 2:30 p.m. ET to discuss how the U.S. plans to secure its position as a leader in the digital asset ecosystem.
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Strategic Bitcoin Reserve Proposal in Illinois Includes 5-Year HODL Strategy Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844). Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844). The bill, proposed by State Representative John Cabello, seeks to establish a state-run Bitcoin reserve that would function as a special fund within the state treasury. One of the key provisions of HB1844 mandates a five-year holding period for any Bitcoin deposited into the fund. According to the bill’s text, the State Treasurer must retain custody of the Bitcoin for a minimum of five years. Only after this period would the state treasury be permitted to transfer, sell, or convert the Bitcoin into another crypto. The bill was referred to the Rules Committee on Jan. 29, where it will undergo further regulatory review before being presented for full legislative approval. This initiative comes on the heels of similar legislative efforts in other states, including Arizona where the Senate has advanced a bill allowing public funds and pensions to invest in Bitcoin. Supporters of the bill argue that Illinois’ proposed Bitcoin reserve aligns with broader trends in financial innovation and could position the state as a leader in blockchain technology. However, the progress of such legislation may vary across the country, depending largely on regulatory clarity and market conditions. In addition to Illinois, Texas is also considering similar measures. The Texas Lieutenant Governor announced on Jan. 29 that creating a Bitcoin reserve is among the state's legislative priorities for 2025. Two public officials in Texas have already introduced proposals to establish a Bitcoin reserve in the state. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Fear & Greed Index: 50 - Balance achieved
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Watching my 'safe play' turn into a -99% speedrun
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U.S. Court Overturns Sanctions on Tornado Cash, Cryptocurrency Token Price Soars 140% A U.S. District Court for the Western District of Texas has overturned sanctions against the decentralized crypto-mixing platform Tornado Cash. A U.S. District Court for the Western District of Texas has overturned sanctions against the decentralized crypto-mixing platform Tornado Cash, which was previously blacklisted by the U.S. Treasury's Office of Foreign Assets Control (OFAC) in 2022. The sanctions had been imposed over allegations that Tornado Cash was used by North Korea’s Lazarus Group to launder stolen cryptocurrency. Following the ruling, the price of Tornado Cash’s native token, TORN, surged by more than 140%, increasing from $9.5 to over $23. The central issue in the case was Tornado Cash’s core technology, which consists of smart contracts that cannot be altered or controlled by any individual or entity. The court ruled that these contracts are not property under the International Emergency Economic Powers Act (IEEPA), which is the law used by OFAC to impose sanctions. Since the smart contracts are immutable and decentralized, they are considered "non-ownable," and therefore, cannot be subject to the same restrictions placed on people or businesses. The court clarified that the government’s actions overstepped the bounds of its authority by attempting to regulate decentralized technologies. The ruling emphasized that the Treasury Department does not have the power to enforce sanctions on technologies like Tornado Cash under the IEEPA, especially when these technologies operate autonomously without human intervention. While the court acknowledged the Treasury Department's broad powers, it rejected the argument that Tornado Cash constitutes a service that could be sanctioned, pointing out that the platform’s operation is entirely governed by code, not people. Tornado Cash's defense argued that the Treasury had effectively created new laws without congressional approval, a stance that the court agreed with. This ruling has significant implications for the future of blockchain technologies and how they should be regulated. The decision has been celebrated by privacy advocates, who view it as a victory for decentralization and financial privacy. The ruling has also positively affected other privacy-centric cryptocurrencies, such as Monero and Zcash, whose prices increased in response to the decision. Privacy-focused platforms in the Web3 space have hailed the court’s decision, stressing the importance of protecting user privacy rights in a rapidly evolving digital economy. While this ruling represents a victory for Tornado Cash and its supporters, there are indications that the U.S. government may seek to appeal the decision, potentially escalating the issue to the Supreme Court. However, some in the crypto community, including Coinbase’s Chief Legal Officer, have urged the government to accept the court’s ruling, highlighting the importance of safeguarding personal privacy in the digital age. The case underscores the challenges authorities face in regulating decentralized technologies and raises important questions about the future of cryptocurrency regulation. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Dogecoin Price Jumps 13% in 15 Minutes Following U.S. Department of Government Efficiency Website Launch Featuring DOGE Logo Dogecoin (DOGE) saw a significant 13% price jump in just 15 minutes on Jan. 21 after the launch of the U.S. Department of Government Efficiency’s official website. Dogecoin (DOGE) saw a significant 13% price jump in just 15 minutes on Jan. 21 after the launch of the U.S. Department of Government Efficiency’s official website. The website prominently displays the Dogecoin logo, marking a key moment for the cryptocurrency. It also features the department's title, a dollar sign, and the slogan, “The people voted for major reform.” This move has raised Dogecoin’s profile, especially after the cryptocurrency had experienced a short-term price decline of 10% earlier in the day. Following the launch, DOGE’s price quickly rose from $0.33 to $0.40, showing a 20% rebound from its earlier low. Created through President Donald Trump’s executive order, the Department of Government Efficiency, also known as DOGE, is tasked with reducing government spending and improving regulations. The connection between an official government department and the cryptocurrency is unconventional but has led to increased visibility for the memecoin. Analysts speculate this could enhance the token’s legitimacy and increase market interest. Alongside DOGE’s price surge, another similarly named token, Department of Government Efficiency (dogegov.com), also saw a 35% increase in value within 24 hours. The rise in the value of these tokens reflects growing interest from the crypto community, with many commenting on the surprising connection between Dogecoin and a government initiative. Social media reactions, such as tweets from crypto enthusiasts, further fueled the excitement, with one trader writing, “The U.S. government is now officially shilling memecoins.” Technically, Dogecoin is showing signs of a bullish breakout. A “bull flag” pattern has emerged, indicating that DOGE could continue its upward momentum. If the price breaks above the resistance level at $0.37, the token could potentially reach new heights, with a target of $1.61, representing a 340% increase from current levels. The relative strength index (RSI) also remains in a positive region, signaling that there is still upward momentum in the market. The launch of the official Department of Government Efficiency website, coupled with the use of the Dogecoin logo, has caught the attention of both traders and analysts. As the market continues to respond to these developments, it remains to be seen how much further DOGE’s price could climb. The combination of increased visibility, the bullish technical setup, and the social media buzz surrounding the news all suggest that Dogecoin could be in for more speculative interest in the coming days. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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We are back!
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