Author: James Wilson
A new report from 10x Research reveals that the cryptocurrency market is currently seeing a divide in capital flows between retail and institutional investors. While institutional capital continues to support assets like Solana (SOL) and Ethereum (ETH), the XRP ecosystem is experiencing strong growth driven by retail adoption. Summary XRP’s growth is largely driven by strong retail demand, with limited institutional involvement. Institutional capital favors Solana and Ethereum, with XRP receiving cautious interest. XRP Ledger sees growing retail participation, with 5.66M wallets holding under 100 XRP. According to the 10x Research report, XRP’s price action is mainly supported by “strong…
The U.S. Commodity Futures Trading Commission (CFTC) has provided more details on its pilot program that allows cryptocurrencies to be used as collateral in derivatives markets. The new guidance was issued in response to frequently asked questions about the program that began last year. Summary CFTC allows crypto as collateral in derivatives, following a pilot program. FCMs must apply a 20% capital charge for Bitcoin and Ether positions. Crypto cannot be used for uncleared swaps, but is allowed for cleared transactions. The CFTC’s recent notice outlines the procedures for futures commission merchants (FCMs) wishing to participate in the pilot program.…
Hailey Welch, known as the “Hawk Tuah girl,” recently spoke about the fallout from the failed launch of the “HAWK” memecoin in 2024, which she promoted. Summary Hailey Welch was cleared of wrongdoing after promoting HAWK memecoin despite facing backlash and death threats. The HAWK memecoin, valued at $490M, collapsed to $41M in hours, triggering legal action. Despite FBI clearance, Welch faced emotional struggles and continued public criticism after the memecoin’s failure. Despite cooperating fully with an FBI investigation that cleared her of wrongdoing, Welch faced immense social backlash and personal distress following the memecoin’s collapse. In December 2024, the…
Zcash price fell over 18% from its weekly high to $232, a level that aligns with a key trendline support that could determine whether the current pullback stabilizes or extends further. Summary Zcash pulled back over 18% from a recent high to $232, now testing key trendline support after a broader market-driven selloff. Technical indicators, including a green Supertrend and bullish RSI divergence, suggest weakening selling pressure and potential for a rebound toward $265 and $300. Rising shielded pool usage and upcoming network upgrades provide fundamental support, though a break below $230 could expose downside toward $200. According to data…
Investors sue Gemini, alleging its IPO hid plans to abandon core crypto trading for a prediction market pivot, after shares crashed and layoffs followed. Summary Investors allege Gemini concealed a preplanned pivot to a Gemini 2.0 prediction-market model in its IPO filings. The suit follows a 77% stock plunge, mass layoffs, and withdrawals from key international markets after the IPO. Plaintiffs say these post-IPO shocks were foreseeable outcomes of a strategy Gemini chose not to disclose. Cryptocurrency exchange Gemini and its co-founders Tyler and Cameron Winklevoss are facing a securities class action lawsuit filed in the U.S. District Court for…
BlackRock moved 47,728 ETH and 544 BTC worth about $140m to Coinbase Prime on March 20, as markets sit on heavy leverage and looming liquidation levels. Summary BlackRock transferred 47,728 ETH (≈$102m) and 544 BTC (≈$38.3m) to Coinbase Prime on March 20, signaling continued large-scale crypto engagement. The move comes as Coinglass data shows roughly $1.8b in BTC longs could be liquidated if price drops below $65,181, with similar pressure building in ETH. While the transfer could reflect custody or portfolio rebalancing rather than outright selling, traders are watching it as a proxy for institutional sentiment. BlackRock, the world’s largest…
Over $3b in leveraged Bitcoin and Ethereum longs sit just above key support levels, with Coinglass data showing a liquidation cascade risk in either direction. Summary Investors allege Gemini concealed a preplanned pivot to a Gemini 2.0 prediction-market model in its IPO filings. The suit follows a 77% stock plunge, mass layoffs, and withdrawals from key international markets after the IPO. Plaintiffs say these post-IPO shocks were foreseeable outcomes of a strategy Gemini chose not to disclose. Leveraged long positions across Bitcoin (BTC) and Ethereum (ETH) are sitting on a knife’s edge, with more than $3 billion in combined exposure…
DeFiance Capital CEO Arthur warns that Middle East tensions and possible action around Iran’s Kharg Island and the Strait of Hormuz could deepen supply shocks and rattle risk assets, including crypto. Summary Arthur says a quick “TACO” reversal in Trump’s Middle East policy is unlikely, with the U.S. and Israel instead set to keep tightening pressure on Iran. He highlights risks around a potential U.S. move to occupy or blockade Kharg Island to force the reopening of the Strait of Hormuz, through which about 20% of global oil flows. Arthur warns that further supply-chain damage and oil shocks could sap…
The FBI and Thai police froze about $580m in crypto and seized 8,000 phones in a joint strike on Southeast Asian pig butchering gangs targeting American victims. Summary U.S. federal agents and Thai police froze roughly $580 million in crypto and confiscated around 8,000 phones used by organized scam gangs targeting Americans. The operation hits Southeast Asian pig butchering networks that run factory-sized fraud compounds, often staffed by trafficking victims forced to run fake crypto investment scams. Authorities say the scale of the seizure shows both the industrial nature of crypto fraud and how advanced on-chain tracing is becoming for…
A tentative agreement on stablecoin yield may help restart progress on the CLARITY Act in Washington. Reports said White House officials and US lawmakers are working on terms that could address one of the main disputes that slowed the crypto market structure bill earlier this year. Summary A reported agreement in principle may help restart stalled progress on the CLARITY Act. Lawmakers are weighing limits on stablecoin yield to address bank deposit flight concerns carefully. Crypto industry review is still pending before any stablecoin yield compromise becomes final law. The talks center on whether stablecoin issuers should be allowed to…