Author: James Wilson
Lawmakers in the United States have voted to scrap the Internal Revenue Service’s controversial rule that would have forced decentralized finance platforms to report user transactions. The motion against the IRS DeFi broker rule saw bipartisan support, with the U.S. House of Representatives voting 292-132 in favor of repealing the rule on March 11. While all 132 opposing votes came from Democrats, 76 from the party crossed the aisle to join Republicans in backing the repeal. The DeFi broker rule would have required decentralized exchanges and other DeFi platforms to report transaction details, including user information and gross proceeds from…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As SHIB and Pi struggle to prove their real-world use, Remittix’s PayFi solution is capturing attention with its $13.8m presale and growing investor interest. Remittix keeps heads spinning by breaking more than $13.8 million in presale, selling 518 million tokens for $0.0734. The growing interest is coming as investors are putting SHIB, PI, and RTX against one another in a fight to lead as long-term prospects. With SHIB still failing to gain a solid footing as a top memecoin…
Ethereum price is still trying to recover the $1,900 mark as weak DeFi metrics and increased competition weigh on its price. Due to decreased liquidity and investor participation, the network’s total value locked decreased from $63 billion in January to $44 billion in February, according to DefiLlama data. Stablecoin inflows have slowed down, indicating a slower capital rotation into Ethereum (ETH) protocols. The data also shows that decentralized exchange trading volumes are down, from $92 billion in December to $82 billion in February. As other chains like Hyperliquid (HYPE) and Solana (SOL) register growing perpetual futures trading volumes, futures trading…
ARKM rallied as high as 55% after securing a listing on the South Korean crypto exchange Upbit but lost most of its gains within hours. In a March 11 X post, Upbit Korea announced that it had added the altcoin to its USD market, with trading starting at 16:00 KST on Tuesday, March 11, 2025. Arkham (ARKM) formed a “god candle,” surging from $0.47 to $0.70 within 10 minutes following the announcement. Its market cap exceeded $220 million at that time, while its daily trading volume hovered around $154 million. The gains also coincided with Arkham Exchange’s launch in China…
Metaplanet has purchased 162 Bitcoin, bringing their total holdings to 3,050 BTC. This is the first time Metaplanet’s crypto investments have surpassed the 3,000 BTC mark. On March 12, the Japanese investment firm announced it had recently acquired an additional 162 BTC (BTC) at an average price of 12,39 million yen ($83,635) as part of its efforts to continuously strengthen its Bitcoin Treasury Operation. With this latest BTC purchase, Metaplanet has managed to accumulate 3,050 BTC or equal to nearly $250 million. This is the first time Metaplanet’s Bitcoin Treasury has surpassed the 3,000 BTC threshold. Often referred to as…
A wave of short-term holder capitulation is now driving Bitcoin’s price lower, reinforcing bearish pressure, analysts at Glassnode warn. The price of Bitcoin (BTC) is now under strong selling pressure as short-term holders have started offloading their coins at a loss, much like past market downturns, according to a Glassnode research report. Since January, the accumulation trend has remained weak, showing that buyers aren’t stepping in to absorb the sell-off. Bitcoin accumulation trend score | Source: Glassnode The decline has lined up with Bitcoin’s slide from $108,000 to $93,000, what has triggered concerns about fading demand, Glassnode wrote in a…
Starknet plans to use Bitcoin as a settlement layer alongside Ethereum, aiming to connect the two largest blockchains on a single layer 2 network. The Starknet Foundation’s Bitcoin roadmap, published on Mar. 11, outlined how the network could scale Bitcoin (BTC) from its current 13 transactions per second to thousands of tramsactions. Although Bitcoin provides deep liquidity and security, decentralized finance development has been difficult due to its limited programmability. Starknet (STRK) wants to change that. To achieve this, Starknet is pushing for OP_CAT, a proposed Bitcoin update that would allow users to set spending conditions for BTC and enable…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI defies the crypto downturn, raising $17.1m in presale at $0.006, as PEPE and SHIB plunge in a market bloodbath. Lightchain AI investors are staying afloat amidst the tide of red in the market as PEPE and SHIB join the ongoing crypto bloodbath. Despite the volatility sweeping through the crypto space, Lightchain AI has already raised over $17.1 million at a presale price of $0.006, proving its resilience. The integration of AI and blockchain technology has given it…
IP defied the broader market downturn following its recent listing on Kraken, supported by ongoing ecosystem developments. Story (IP) rallied nearly 16% to an intraday high of $5.6 on March 11, afternoon Asian time, flipping out of the bearish trend as its market cap surged to over $1.3 billion. Its daily trading volume stood at $151 million, while the altcoin’s circulating supply stood at over 250 million tokens. A host of partnerships and developments surrounding Story has helped IP outpace the bearish trend currently prevailing in the broader crypto market, which fell 5% over the past day as of press…
There are numerous ways to make cryptocurrency in the cryptocurrency sector. These include trading, purchasing and holding currencies, and generating interest through cryptocurrency mining or other staking techniques. Additionally, people can use their abilities to finish projects like creating apps or testing new features for cryptocurrency businesses. Each of these approaches demands a certain amount of time, money, or experience. If you’re just beginning to accumulate little quantities of digital currency, there are easier ways. These choices don’t require a lot of technical expertise or experience. The use of crypto faucets is one such technique. It enables novices to profit…