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Digital asset exchange-traded products (ETPs) experienced significant outflows, totaling $795 million last week, marking the third consecutive week of declines. Bitcoin-based products accounted for the majority of these outflows at $751 million, while Ether products saw $37.6 million in withdrawals. Despite the downturn in major tokens, some altcoins like XRP, Ondo Finance, and Algorand managed to post small gains.
Solana whales are starting to offload their SOL holdings as a significant $200 million staking unlock occurs. This movement in the market highlights the potential shifts in investor sentiment and liquidity within the Solana ecosystem.
Elon Musk's potential revival of the Vine app has sparked a surge in Vine Coin, created by co-founder Rus Yusupov, which saw a 122% increase over three days, reaching a market cap of $55 million. Despite initial excitement, the coin's value has since dropped significantly from its peak. Meanwhile, other meme coins like TRUMP and MELANIA have also experienced notable gains in a stagnant cryptocurrency market.
Elon Musk has stated that there are no plans for the U.S. government to adopt Dogecoin. Meanwhile, XRP is struggling near the $2.00 mark, with bearish trends persisting, while Shiba Inu has lost nearly 10% of its value, erasing recent gains. Bitcoin is hovering just above $80,000, showing signs of weakness and potential for further decline if it breaks below this critical support level.
A $1 trillion stablecoin supply is poised to catalyze the next rally in the cryptocurrency market, according to insights from CoinFund’s Pakman. This significant influx could reshape market dynamics and investor sentiment, potentially leading to increased adoption and price surges across various digital assets.
Fidelity has joined the ranks of BlackRock and UBS in the burgeoning market of tokenised Treasuries, which has surged to nearly $11 billion in value. The financial giant plans to launch an Ethereum-based money market fund, OnChain, primarily investing in US government bonds and cash, while maintaining traditional ownership records alongside blockchain transactions.
Brothers holding $WCT should take note: the voting for the $WCT transferability proposal opened on March 19 at 5 PM (UTC+8). Stakers are eligible to vote, impacting airdrop distributions of up to 18.5%, with voting weight based on the amount and duration of staking. The voting period runs until March 26, with a minimum one-week staking requirement.
Gold-backed stablecoins are predicted to surpass USD stablecoins in the market, according to Max Keiser. In related news, a commitment to ethical reporting is emphasized, ensuring transparency about potential conflicts of interest while maintaining the integrity and impartiality of the coverage provided.
Justin Sun has staked over $100 million in ETH, aiming for an annual yield of $3 million, amidst a bearish market for Ethereum. His investment has sparked speculation about insider knowledge and coincides with a surge in Tron meme coins, as he promotes their potential on social media. The market remains volatile, with analysts predicting possible dips in ETH prices, while Sun's hype has positively influenced the value of various TRX tokens.
Cumberland SG has received in-principle approval for the Major Payment Institution License from the Monetary Authority of Singapore, marking a significant step in expanding its operations in Asia. While this approval is not a full license, it paves the way for potential future licensing, contingent on meeting specific conditions. This development follows the recent dismissal of an unregistered securities case against the firm by the SEC. In related news, Best Wallet is gaining traction in the Web3 wallet space, boasting over 500,000 downloads and a successful presale for its native token, BEST, which is attracting investor interest as it aims to become a leader in self-custodial wallets.
Tokenomics and Crypto Economics
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crypto etps face significant outflows as bitcoin leads decline
14:32 14.04.2025
Solana whales sell off SOL as 200 million dollars in staking unlocks
16:17 04.04.2025
Elon Musk hints at Vine revival as meme coin surges 122 percent
18:44 31.03.2025
cryptocurrency market faces challenges as dogecoin remains off government radar
10:03 31.03.2025
One trillion dollar stablecoin supply may spark next crypto rally
11:03 29.03.2025
Fidelity launches tokenised money market fund amid growing real world asset market
United States Dollar
Fidelity Contrafund
BlackRock, Inc.
Franklin Templeton - Franklin M
USA
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Larry Fink
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16:55 25.03.2025
Voting opens for WCT transferability proposal with potential airdrop benefits
07:06 23.03.2025
gold-backed stablecoins poised to surpass usd stablecoins according to max keiser
00:22 23.03.2025
Justin Sun invests 100 million in Ethereum as Tron memes gain traction
13:49 19.03.2025
Cumberland secures approval for major payment license in Singapore
18:09 18.03.2025
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