Austin, Texas, is a great place to visit, and I’ll be exploring a bit more before heading down to Boca Chica tomorrow for the SpaceX launch. If the launch gets scrubbed, I’ll be back with a podcast; if not, I’ll be on the road. Videos from the trip will be posted on Substack, so subscribe at dailycryptonews.net to stay updated.
Listener Questions
Bitcoin Bull and Mind of Pepe
A listener, Eric, asked for my thoughts on these new tokens. Honestly, with nearly 12 million coins being traded, I don’t pay attention to meme coins or new projects unless they prove themselves over time. There are too many to track, and most won’t amount to anything significant.
Ethereum’s March Upgrade
Ethereum’s Dencun upgrade is scheduled for March 13th. It will improve Layer 2 transaction efficiency, reducing fees and enhancing Ethereum’s scaling capabilities. This is a crucial step in Ethereum’s long-term growth.
Day Trading Cryptos in the U.S.
Another listener asked whether U.S. traders will be able to trade more than just futures. With Bitcoin and Ethereum ETFs already available and discussions surrounding Solana, Litecoin, and XRP, it’s likely that trading opportunities will continue to expand—but only for high-market-cap assets, not every token under the sun.
Market Update: Bitcoin’s Recent Dip
Bitcoin has dropped 21% from its all-time high, with $3 billion in outflows from spot Bitcoin ETFs over the past week. Analysts cite weaker institutional demand, tighter liquidity, and concerns over proposed Trump tariffs. Some predict a further decline to the $72,000–$74,000 range, but short-term support could hold at $82,000.
Despite this, there’s long-term bullish sentiment. The regulatory landscape is becoming more crypto-friendly, with government agencies and key policymakers embracing crypto. History shows that Bitcoin experiences major pullbacks in every bull run, often dropping 20–40% before continuing higher.
Solana ETFs on the Horizon?
The DTCC has listed two proposed Solana futures ETFs, indicating that issuers are preparing for potential launches. This adds to speculation about a future spot Solana ETF, following similar proposals for XRP, Litecoin, and Dogecoin. Coinbase’s launch of Solana futures contracts also helps lay the groundwork for eventual approval.
FBI Investigating North Korean Crypto Hacks
The FBI is asking the crypto industry for help in tracking $1.5 billion in stolen funds linked to North Korea’s Lazarus Group. The hackers have been laundering assets across multiple blockchains. Bybit has already frozen some of the stolen funds, but tracking these transactions remains a challenge. As always, remember: if your funds are stolen in crypto, recovery is nearly impossible due to blockchain’s immutable nature.
Altcoin ETFs Gaining Traction
Bitwise has registered an Aptos ETF in Delaware, suggesting that an official U.S. filing could follow. This comes as competition heats up in the altcoin ETF space, with firms like Grayscale and 21Shares pushing for Polkadot, Dogecoin, and Aptos ETFs. However, I doubt Aptos will get an ETF approval—its $3.5 billion market cap is likely too small for regulators to consider.
SEC’s Changing Stance on Crypto Regulation
The SEC has filed for a stay in its regulatory case against Justin Sun, indicating potential settlement discussions. Similar legal pauses have occurred for Binance, Robinhood, and Uniswap. Critics argue that these moves align with Trump’s pro-crypto policies, especially since Sun invested $75 million in Trump’s crypto venture.
My Take
Bitcoin’s price action isn’t surprising. Every bull cycle has major pullbacks—20%, 30%, sometimes even 40%. Short-term traders might panic, but long-term investors should stay focused on the bigger picture. Regulatory clarity is improving, major institutions are embracing crypto, and history suggests that after every significant pullback, new highs follow.
As for altcoin ETFs, Solana could be next, but smaller tokens like Aptos probably won’t make the cut. The SEC’s changing stance reflects the broader political landscape, and with crypto-friendly figures gaining influence, this is a bullish signal for the industry.
Crypto Prices (as of 9:29 AM Central Time)
Bitcoin (BTC): $85,618 (-2.4% in 24h, -11.8% in 7d)
Market Cap: $1.68 Trillion
Ethereum (ETH): $2,326 (-4.5% in 24h, -14.6% in 7d)
Market Cap: $279 Billion
XRP: $0.219 (-3.8% in 24h, -19% in 7d)
Binance Coin (BNB): $605 (-2.5% in 24h)
Solana (SOL): $138 (-0.5% in 24h, -20% in 7d)
Dogecoin (DOGE): $0.208 (-1.3% in 24h, -18% in 7d)
Cardano (ADA): $0.665 (-2.2% in 24h)
Tron (TRX): $0.228 (-0.6% in 24h)
Summary
Bitcoin has seen a significant pullback, but this is typical in bull markets. Institutional adoption and regulatory clarity remain long-term bullish signals. Ethereum’s upcoming upgrade should improve scalability, while Solana ETFs may be on the horizon. Meanwhile, North Korean hackers remain active, and the SEC appears to be softening its stance on crypto enforcement. The market is volatile, but the bigger picture remains positive.
Happy HODLing, everyone.
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