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An analyst compares Ethereum to Nokia, suggesting it may lose relevance as Solana outperforms in scalability and user experience. While Ethereum maintains dominance in DEX volume, it must accelerate its development to avoid being overtaken.
While Bitcoin spot ETFs face continued outflows, derivatives markets remain optimistic, with positive funding rates and strong demand for call options signaling bullish sentiment.
Over $2.5 billion in Bitcoin and Ethereum options expire today, with analysts anticipating market volatility due to fading call premiums and global uncertainty. Traders are eyeing these expirations for clues on short-term price direction.
Share link:In this post: In March, trading volumes on centralized exchanges continued to slow down, following the trend for the first two months of the year. Crypto derivatives markets declined by 5%, while spot markets lost 16.4% of their volumes. Binance retained the biggest share among centralized exchanges, for both spot and crypto derivatives activity.
- 11:23ALPACA briefly falls below $0.09Market data shows that ALPACA briefly fell below $0.09, currently reported at $0.0921, with a 24-hour decline of 54.65%. The market is highly volatile, please ensure proper risk management.
- 11:23SoFi CEO: Fundamental Shift in Regulatory Environment to Restart Cryptocurrency BusinessAccording to CNBC, Anthony Noto, the CEO of financial services company SoFi, recently announced that the fintech bank will reintroduce cryptocurrency investment services in the context of a "fundamental shift" in the regulatory environment under the Trump administration. SoFi was forced to terminate its cryptocurrency business at the end of 2023 due to requirements for obtaining a banking license, but following new guidance issued by the Acting Comptroller of the Currency this year, the company has decided to return to the crypto space. Noto stated that SoFi plans to resume cryptocurrency investment services by the end of the year and integrate blockchain technology into all major product lines within the next 6 to 24 months, including loans, savings, consumption, investment, and protection, not ruling out accelerating this process through acquisitions.
- 11:10Exodus Wallet to Cease Support for Monero by August 2025At the beginning of this month, the cryptocurrency wallet Exodus announced that it will terminate support for the privacy coin Monero (XMR) on August 10, 2025. At that time, users will be unable to send, receive, or view XMR balances within the Exodus wallet. As a self-custody wallet, users will retain control over their funds and can access their Monero assets through other compatible wallets. Before the deadline, users can transfer XMR to other platforms or exchange it for different assets within Exodus.