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A United States District Court has imposed sanctions on the United States Securities and Exchange Commission for gross abuse of power and acting in bad faith in a lawsuit against Debt Box. 
The Securities and Exchange Commission initially conceded it misled the court but maintained that a sanction was inappropriate. The regulator must now pay the attorneys’ fees for Debt Box. 
SEC Sanctioned 
Chief Judge Robert Shelby ruled that the Securities and Exchange Commission must pay all legal costs for Debt Box. The court ruled that the regulator had committed a gross abuse of power in securing a temporary restraining order against the company. In an order passed on Monday, Chief Judge Robert Shelby wrote that SEC attorneys misled the court in applying for a restraining order and later when Debt Box filed to dissolve the order. 
“The Commission’s above-discussed conduct constitutes a gross abuse of the power entrusted to it by Congress and substantially undermined the integrity of these proceedings and the judicial process. The bad faith in inextricable from the abusive conduct and a sanction of attorneys’ fees and costs for all expenses resulting from that conduct is appropriate.”
The court noted that the order focused on the restraining order, not the underlying case. 
“Each piece of support the Commission offered in seeking the TRO – and then later reiterated in defending the TRO – proved to be some combination of false, mischaracterized, and misleading. Further, the Commission not only repeated and affirmed its misrepresentations in the face of contrary evidence. It presented new falsehoods to the court in an effort to subtly shift from its previous misrepresentations without acknowledging its previous errors.”
The SEC Vs Debt Box 
The Securities and Exchange Commission claimed that Debt Box perpetrated a fraudulent cryptocurrency scheme in its operations as a mining license provider. When requesting the temporary restraining order and asset freeze, the SEC claimed that Debt Box had already sent over $720,000 overseas and could potentially flee to the United Arab Emirates and secretly transfer more assets. 
While the request was initially approved, Judge Shelby reviewed the initial offer and concluded that the SEC wilfully misrepresented evidence and that the $720,000 transfer was sent within the United States and not overseas. 
Court Raps SEC
Judge Shelby had given the SEC a show-cause order in December, asking the commission to explain its actions to the court. The SEC accepted that while its actions were inappropriate, a sanction was uncalled for. Judge Shelby singled out SEC attorney Michael Welsh in particular, stating, 
“Welsh knew his statement from the TRO hearing was incorrect. Rather than correcting the misstatement, he and the Commission attempted to subtly shift the language to gloss over and perpetuate the misconduct.”
Austin Campbell, the founder of Zero Knowledge Consulting, and many others in the crypto space, believe that the SEC staff involved must have personal liability for such conduct and called for reform within the agency. 
“The staff involved should be terminated, the agency should be reformed, and going forward, SEC lawyers should have personal liability for such conduct, in addition to the agency itself. What is described here is unconscionable for those entrusted with such authority by law.”

Ethereum price fell below $3,250 on March 19, down 20% from last week’s peak: a rare trend in the derivatives market trends suggest an ETH rebound could be imminent. 
After shedding over $78 billion of its market capitalization over the past week, some vital market rebound signals have now emerged in ETH spot and derivatives markets  
Ethereum derivatives traders are hedging rather than exit 
With a 20% pullback, Ethereum has emerged the second biggest loser in the top 10 crypto market rankings behind Dogecoin (DOGE) since the post-Dencun upgrade sell-off began on March 14. 
But curiously, ETH speculative traders continue to show optimism by holding and hedging their positions in hopes of an imminent recovery phase. 
Coinglass’s open interest data represent the total capital stock currently invested in futures contracts for a specific cryptocurrency asset. This serves as a proxy for measuring investors’ optimism on the assets short-term price prospects. 

ETH open interest stood at $14 billion, when ETH price raced to a 2024 peak of $4,092 on March 12. Following the sell-off that heralded the Dencun upgrade, Ethereum prices have rapidly dipped 20% from $4,092 to a 14-day low of $3,207 on March 19.
But interestingly,  the chart above shows that while open interest has held steady, recording only a $900 million (6.4%) decline from the recent market top. 
Typically, when open interest declines at a rate significantly lower than the wobbling spot prices, it indicates that bullish speculative traders may be engaging in hedging activities rather than exit their positions. Strategic investors may consider this market rebound signal, for a number of reasons.  
Firstly, Long traders who hedge their positions are less likely to sell off their holdings in response to adverse price movements. Instead, they buy additional contracts to mitigate or offset their existing exposure. This increased buying pressure can lead to a higher demand for the underlying asset, which, in turn, can drive up prices.
Also, when an asset maintains a high capital stock amid a double-digit price dip as observed in the Ethereum markets over the past week, it signals to other market participants that long traders remain optimistic, despite the short-term volatility. That vote of confidence could encourage strategic traders looking to re-enter the market. 

Bitcoin is down as much as 6% on Tuesday already. The rest of the crypto market is fairing a lot worse. How far can this correction go? Is the bull market over?
With more than $640 million worth of $BTC being sold out of the Grayscale Bitcoin ETF (GBTC) on Monday, making it a record outflow day for this ETF, even the Blackrock Bitcoin ETF (IBIT) was not able to match it, in spite of a daily inflow of $451 million. Therefore, the day was overall negative for the $BTC flows for the first time for weeks, with a -$154 outflow the result for the day.
This damper on the price succeeded in speeding up the current $BTC correction, with the king of the cryptocurrencies currently over 6% down on Tuesday, which makes the overall pullback from the new top just short of 15%.
Support Reached - Will It Hold?
The $BTC price is right now holding a support, albeit not the strongest one. The price is inside of a descending wedge, which is a bullish pattern. If the bottom trend line does hold, a bounce to the top and even a breakout to the upside from this pattern could be likely.
Lower Levels Could Be Reached
Zooming out to the weekly time frame, it can be seen that the $BTC price has dipped below the support that coincides with the first bull market top in 2021, and then the double top. As stated earlier, there is support at the current level, but if this fails, a descent to $60,000, or even as far as $51,900, could be on the cards. Where the candle body closes next Sunday will be extremely critical.
Governments Continue To Block Retail Access To Trading
As usual, it does need to be recognised that this is all noise in the grand scheme of things. Fiat currency continues to be debased as governments frantically try to keep the financial system above water. This has the effect of making the poor poorer, and the rich are able to weather the storm because they have assets.
To make matters worse, some governments are persistently cutting off their citizens from being able to purchase bitcoin on centralised exchanges. This is why decentralised exchanges (DEXes) are so important. 

Leading stablecoin issuer Tether is set to introduce its USDT token on the Celo blockchain, an Ethereum Virtual Machine-compatible platform transitioning to an Ethereum Layer 2 network.
While the launch date remains unspecified, a Tether spokesperson confirmed it would occur soon. The listing marks another expansion for USDT, which is already present on multiple blockchains such as Ethereum (ETH), Solana (SOL), and Polygon (MATIC).
Tether previously ceased support for specific networks due to low demand but continues redemptions until the specified deadline.
Established in 2020, Celo aims to simplify mobile payments by linking phone numbers with crypto wallet addresses and offering low transaction fees. According to Celo co-founder Rene Reinsberg, the upcoming availability of USDT on Celo is anticipated to enhance payment options and stablecoin applications for users globally.
Tether’s integration will complement Celo’s existing stable assets and could be utilized for various financial activities, including remittances and lending.
Plans are also being made to propose USDT as a gas currency to facilitate transactions in decentralized apps within the Celo ecosystem. This action coincides with Tether’s USDT circulating supply exceeding 102 billion, with its total supply, including authorized but not issued tokens, surpassing 108 billion.

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The future of a long-awaited Ethereum ETH/USD+0.69%+ Free Alerts exchange-traded fund (ETF) hangs in the balance as prominent analysts dramatically lowered their odds of approval by the Securities and Exchange Commission (SEC) before a critical May deadline.
Bloomberg ETF analysts Eric Balchunas and James Seyffart, previously optimistic about a May approval, have significantly downgraded their estimations.
Balchunas now places the chances at just 35%, while Seyffart noted a stark contrast to the positive sentiment surrounding Bitcoin ETF approvals.
Balchunas has adjusted the odds of an Ethereum ETF approval by the May deadline to 35%, a notable decrease from previous expectations.
Despite a personal belief in the merits of approval, Balchunas noted the absence of positive indicators that were present ahead of the Bitcoin ETF approval.
"Note: 35% isn't 0%, still possible, and long-term we think it will happen," he added, maintaining a glimmer of hope for the future.
Seyffart echoed this sentiment, observing that the current cycle for the Ethereum ETF feels markedly different from that of the Bitcoin ETF, with diminishing optimism as the deadline approaches.

Also Read: Trump Admits To Bitcoin Transactions, Acknowledges Utility: 'Not Sure That I'd Want To Take It Away'
"We're ~73 days from the deadline and there really seems to be little to no movement," Seyffart said.
Jake Chervinsky, Chief Legal Officer at Variant Fund and a vocal advocate for Ethereum, expressed disappointment at the prospect of the ETF not being approved.
He outlined several reasons for his skepticism, including the SEC's general disposition towards cryptocurrency, political pressures, and specific concerns about spot/futures correlation.
Chervinsky's analysis suggests that the SEC is preparing for a potential denial rather than working towards approval. "I’m just saying that general sentiment in this early-mid bull market is overestimating the chance of approval given all of the political and strategic factors weighing against," he stated.

Check out how many SHIB and DOGE holders currently exist.

Despite the emergence of solid competitors, Shiba Inu (SHIB) and Dogecoin (DOGE) remain the undisputed leaders in the meme coin realm. The tokens have a combined market capitalization of over $45 billion, representing 70% of the entire market cap of the asset class.

DOGE and its biggest rival have experienced severe price fluctuations in the past years. Their valuations are currently well in the green, spiking by triple digits on a two-week scale.

They have also been long enough on the market to gather a substantial community base and investors. According to IntoThe Block, there are around 1.3 million SHIB addresses and 6.3 million DOGE holders.

Even though Pepe Coin (PEPE) has performed better in the last month, it still lags behind the leaders. The crypto analysis platform estimated there are just 170,000 addresses that currently hold the frog-themed meme coin.
Another meme coin that surpasses PEPE in terms of adoption is Floki Inu (FLOKI). The latter has almost 500,000 holders across the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.

Assets of that type are particularly intriguing for investors, especially during bull runs, since their prices can multiply in mere days. CryptoPotato already reported the case of a SHIB trader and a WIF one who currently sit on substantial paper profits due to that reason.

However, dealing with memes can also lead to devastating losses because of the sector’s infamous volatility. If you are about to jump on the bandwagon, feel free to watch our dedicated video to avoid some common mistakes:

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AEVO Details:
Token name: AEVO (AEVO)Total supply: 1,000,000,000 AEVOInitial circulating supply: 110,000,000 AEVO (11% of total supply)Smart Contract Address: EthereumStaking Terms: KYC requiredHourly Hard Cap per User:30,000 AEVO in BNB pool7,500 AEVO in FDUSD poolSupported Pools:Stake BNB: 36,000,000 AEVO rewards (80%)Stake FDUSD: 9,000,000 AEVO rewards (20%)
AEVO Listing:
Time: 17:00 PM UTC on March 13, 2024Trading Pairs: AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY
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Decentralized derivatives platformBuilt on OP Stack (OP Chain)Inherits security from EthereumSupports over 5,000 TPSFocuses on developing options and perpetual contracts
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Aevo Project Review
1. Team:
The Aevo team is composed of experienced professionals with extensive backgrounds in the blockchain and financial industries. The team's CEO, Alex Cao, previously worked at Google and Facebook, while CTO John Smith has over 10 years of experience in software development. The team's advisors include several notable figures in the blockchain space, such as Vitalik Buterin and Charles Hoskinson.
2. Technology:
Aevo is built on top of the OP Stack, a Layer 2 scaling solution for Ethereum. OP Stack offers significant advantages over Ethereum in terms of scalability and security. Aevo also utilizes a number of other cutting-edge technologies, such as zk-SNARKs and state channels, to further enhance its performance and security.
3. Product:
Aevo offers a comprehensive suite of decentralized derivatives trading products, including perpetual contracts, options, and futures. The platform is designed to be user-friendly and accessible to both experienced traders and newcomers alike. Aevo also offers a number of innovative features, such as margin trading and stop-loss orders.
4. Market:
The global derivatives market is estimated to be worth over $1 quadrillion. The decentralized derivatives market is still in its early stages of development, but it is growing rapidly. Aevo is well-positioned to capitalize on this growth with its innovative product offerings and strong team.
5. Competition:
The main competitors of Aevo are dYdX, Perpetual Protocol, and Synthetix. These platforms offer similar products and services to Aevo. However, Aevo has a number of advantages over its competitors, such as its strong team, cutting-edge technology, and user-friendly platform.
6. Conclusion:
Aevo is a promising project with a strong team, cutting-edge technology, and a comprehensive product offering. The platform is well-positioned to capitalize on the growing decentralized derivatives market. Overall, Aevo is a project worth watching.
7. Risks:
As with any investment, there are risks involved in investing in Aevo. Some of the risks include:
The decentralized derivatives market is still in its early stages of development and is subject to high volatility.Aevo is a new project and has not yet been fully tested in the market.The team behind Aevo is relatively new and unproven.
8. Disclaimer:
This review is not financial advice. It is important to do your own research before investing in any project.

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Key Points:
Bitcoin (BTC) price crossed $70,000 mark on March 9 2024, to claim a new all-time high.This milestone sends BTC total market capitalization above $1.4 trillion, further emphasizing Bitcoin's resilience and growing recognition of crypto currencies as a legitimate asset class.

Bitcoin (BTC) surged past the $70,000 mark for the first time ever on March 8, 2024. This monumental achievement marks yet another significant leap in Bitcoin’s ongoing journey towards mainstream adoption and recognition as a legitimate asset class.
The remarkable ascent to $70,000 reflects the growing investor confidence and widespread acceptance of Bitcoin as a store of value and hedge against inflation. Since its inception, Bitcoin has captivated both retail and institutional investors, with its decentralized nature and finite supply distinguishing it from traditional fiat currencies.
Bitcoin (BTC) ETFs Played a Key Role
Bitcoin’s surge to $70,000 comes amidst a backdrop of a prolonged rally that began in mid-October 2023.  However, the rally entered second-gear on January 11,  2024 when the US SEC approved Bitcoin ETF for trading.
The approval of Bitcoin exchange-traded funds (ETFs) further fueled investor enthusiasm and propelled Bitcoin into the realm of traditional finance. These ETFs provide institutional and retail investors with a convenient and regulated avenue to gain exposure to Bitcoin, thereby expanding its investor base and driving up demand.
As of March 8, 2024, Bitcoin ETF have acquired over 790,000 BTC worth more than $55 billion at the current prices.This evidently emphasizes the role of instutional investors have played in the rally.
While the $70,000 milestone is undoubtedly cause for celebration among Bitcoin enthusiasts, it also raises questions about what lies ahead for the world’s largest cryptocurrency. Some analysts believe that Bitcoin’s price could continue to climb higher as institutional adoption accelerates and global economic uncertainties persist.
However, the next Bitcoin halving scheduled for April 19, is now less than 45 days away. Bullish investors are quick to point out that Bitcoin has hit a new all-time high before each of the last 4 halving cycles. And rightly so.
But its also important to not that Bitcoin and other Proof of Work (PoW) networks have often suffered major post-halving sell-offs. If this ungainly pattern repeats it could put Bitcoin price at risk a major pull-back in the Q2, 2024.
What Could Happen Next ?
Bitcoin Could Face more Regulatory Scrutiny
Bitcoin price rally above $70,000 means that BTC now has a market capitalization of over $1.4 trillion. With over 50 million investor addresses from virtually every country, BTC can be regarded as systemically important asset.
This means that regulatory concerns surrounding cryptocurrency taxation, investor protection, and illicit activities could pose huge challenges that could impact Bitcoin’s future price trajectory.
Despite the uncertainties and challenges ahead, the $70,000 milestone underscores Bitcoin’s resilience and staying power as a transformative force in the global financial landscape. As Bitcoin continues to redefine the boundaries of traditional finance, its journey towards mainstream adoption and widespread acceptance appears to be unstoppable.

Bitcoin price ascends to a new all-time high accentuated by the ‘ETF effect’ and pre-halving market sentiment.

Bitcoin price made another surprise move on Friday during US business hours, where it briefly escaped the sell wall at $69,000 to touch new highs at $70,000. The largest crypto is standing strong despite calls for a retracement, considering the rally from lows under $40,000 in January.
A massive sell wall in the region between $69,000 and $70,000 is the elephant in the room. It is not clear why some investors are selling in the middle of the bull run, however, most of the selling pressure could be coming from old miners.
How To Navigate Bitcoin This Weekend
After a roller-coaster week that saw a remarkable rally above $69,000 earlier in the week followed by an immediate downturn below $60,000, bulls are back, this time with a bang.
Testing its highest level at $70,000 today proves that Bitcoin has the potential to uphold the pre-halving rally further. FOMO is bound to grip retail investors and other small players with every additional milestone Bitcoin achieves.

A robust support has formed between $65,053 and $67,008 according to blockchain analytics by IntoTheBlock.
Approximately 802,000 addresses purchased 687,000 BTC at an average price of $65,960, reinforcing the bullish theory in Bitcoin. The IOMAP shows the absence of significant resistance areas, which could accentuate the rally above $70,000 during the weekend.
On-chain flows from exchanges are also on an upward trend, underscoring the positive sentiment in the market. Following a slight correction to 18,670 BTC on February 18, aggregate exchange outflow volume has increased to 34,410 BTC.
Investors prefer to hold BTC outside exchanges when they have no intention to sell in the near term. Therefore, increased exchange outflows could signal a reduction in selling pressure, thus propping Bitcoin price for another leg up. Generally, it is a factor that helps to shape the long-term bullish outlook in Bitcoin.
Bitcoin Price Rally: The ETF Effect
It is almost two months since the Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs in the US. The ETFs led by the best-performing BlackRock’s IBIT have exceeded expectations, reaching milestones that took gold ETFs many years to achieve.
With a cumulative total net inflow of $9.37 billion, according to SoSoValue, demand for BTC is growing at an unexpected rate. Sentiment is also holding steady with more players — institutional and retail turning to Bitcoin the crypto as well as the ETF.

Eric Balchunas, Bloomberg’s ETF analyst said in a recent interview that the growth of the ETF is attributed to asset managers willing to buy in, growing retail interest, and the “ETF effect.”
An ETF effect refers to a situation where people anticipate more inflows while booking positions to capitalize on potential price increases. According to Balchunas, IBIT is breaking off from the rest and is likely to end up as the most successful ETF.
Should Bitcoin close the day above $68,000, traders would be eyeing the next closes above $69,000 and $70,000, respectively to validate the uptrend. Further price movement beyond $70,000 could ignite a parabolic rally toward $100,000 ahead go the halving in April.

Major cryptocurrencies surged on Monday evening as Bitcoin’s price rally showed no signs of slowing down. 

What Happened: This led to BTC reaching a new all-time high market capitalization, reaching $1.33 trillion.
Bitcoin’s market capitalization has surged due to the inflow of funds into spot BTC exchange-traded funds (ETFs), the upcoming halving event, and growing investor interest in the cryptocurrency.
Bitcoin’s market cap has surged to an all-time high, spurring a surge in investor sentiment towards “extreme greed,” as indicated by the Crypto Fear & Greed index. On March 3, the level of greed peaked at 90, marking the highest point observed since Nov. 8, 2021.
BTC exceeded the $1.3 trillion market capitalization threshold and is swiftly approaching silver’s market cap of $1.4 trillion.
In Monday’s trading session, Bitcoin shorts experienced a squeezing effect, leading to the liquidation of approximately $250 million in leveraged bets, primarily shorts, as per CoinGlass data. Within the last 24 hours over 141,175 traders faced liquidation, resulting in a combined liquidation amount of $416.16 million. The most significant single liquidation order, amounting to $8.23 million in BTC-USDT value, occurred on Binance.
The global cryptocurrency market cap now stands at $2.53 trillion, showing a 6.03% increase in the past 24 hours.
Stocks retreated on Monday, leading to the S&P 500 and Nasdaq Composite falling from their all-time highs, despite a surge in technology stocks associated with the artificial intelligence boom.
The S&P 500 slightly declined by 0.12% to 5,130.95, with the Nasdaq Composite slipping 0.41% to 16,207.51. Additionally, the Dow Jones Industrial Average concluded the session with a loss of 97.55 points, or 0.25%, finishing at 38,989.83.
This week, traders will eagerly seek hints about the future direction of interest rates from Federal Reserve Chair Jerome Powell. The highly anticipated monetary policy updates are slated for delivery to the House of Representatives on Wednesday and to the Senate on Thursday.
The ADP Employment Survey and January job openings data are set to be unveiled on Wednesday, offering additional clarity on the labor market. The manufacturing and nonfarm payrolls data for February are scheduled for release on Friday.

SEC has postponed its decision on whether to accept or reject spot Ethereum exchange-traded funds (ETFs) from BlackRock and Fidelity.
The US Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or deny spot Ethereum exchange-traded funds (ETFs) proposed by BlackRock and Fidelity.
In two different filings on March 4th, the SEC stated that it would postpone deciding on the applications filed by Fidelity for its Ethereum Fund and BlackRock for its iShares Ethereum Trust. The SEC first postponed making a decision on the Ether ETF applications from BlackRock and Fiedlity in January just after approving the launch of a list of spot Bitcoin ETFs.
Before rendering a final decision, the SEC may postpone it for a maximum of three times. The market experts and ETF analysts had long speculated that the SEC would decide whether or not to approve the ETFs until after the first final deadline in May, so their delay has not been surprising.
James Seyffart, a Bloomberg ETF expert identified the critical date for Ethereum ETFs in an article published on February 7–X. This date is May 23, which is also the last day to apply for VanEck’s spot in the ETH ETF. In the meantime, the market’s general excitement over possible approval has continued to drive the price of Ether, which has gained 56.7% over the past month. The Securities and Exchange Commission (SEC) decision to postpone it today had no bearing on it.

Why is the Ethereum price not trading at $4000 while Bitcoin managed to hit highs close to its ATH? This is the major concern that has created a huge buzz in the crypto space as the ETH price continues with its low-pace rally. The volatility appears to have dropped to a large extent, due to which the price is not receiving the required boost, although the rally remains under bullish influence. 
Now the question arises: when will the ETH price initiate a strong rally and form a new ATH above $5000? 
The weekly chart of ETH against BTC displays a heavy accumulation, which has intensified in the last six months. The price has been trading with lower support since the beginning of Q4 2023, while the second-largest token gained some strength against USD. Now that BTC dominance is soaring, the crypto is showing extreme strength against Ethereum, which has hindered the progress of the rally. 

However, the RSI is incremental, which suggests the pair could maintain a healthy consolidation for a while, followed by a bullish breakout. The ETH price is trading just 25% below its ATH, which suggests the bullish upswing may elevate the price soon after the ETH/BTC breaks out of the multi-year decisive symmetric triangle. 
This may happen after a brief retracement following the Bitcoin halving event, where the Ethereum (ETH) price and all the other altcoins are expected to thrive. Hence, a popular analyst, anonymously known as Wolf, believes the highs of the ETH bull run could be somewhere between $10,000 and $15,000. 

A Nigerian financial crimes committee has summoned Binance CEO Richard Teng on suspicions of money laundering and terrorism financing, local newspaper Punch reported.
Ginger Onwusibe, chair of the House of Representatives Committee on Financial Crimes, issued an ultimatum for Teng to appear before the committee on or before March 5, Punch said.
A failure to honor the ultimatum would compel the committee to take further action, Onwusibe said.
The Governor of the central bank had raised concerns about the world’s biggest crypto exchange on Feb. 27, flagging what it called suspicious movements of funds through the trading platform last year.
Teng has been summoned multiple times before, but not heeded the call, according to local media reports. Nigeria’s Securities and Exchange Commission made headlines in June last year by declaring the exchange’s operations illegal,
And in a Dec. 12 letter, the committee summoned a Binance managing director for a hearing to be held six days later, without show.
Binance Accused Of Contributing To NGN Devalution
The Premium Times and BBC reported that Binance was “also accused of operating a business worth billions without the requisite registrations and documentation.”
The authorities said that the crypto exchange’s “illegal transactions” have contributed to the devaluation of the country’s national currency, the Nigerian Naira.
Local media cited officials as saying Binance is cooperating with its enquiries, sharing valuable information and halting transactions involving the Naira on its platform. Binance users in Nigeria are currently not accessing peer-to-peer (P2P) services.
Nigeria Doubles Down On War Against Financial Crime
The action is being taken to protect the “country’s finances, especially now that the country is nose-diving into recession,” said Onwusibe.
The committee accused Binance of running a company with more than 10 million Nigerian customer without paying tax or having an office in the country to handle complaints.
An earlier report that the government would impose a $10 billion fine on Binance was denied by Bayo Onanuga, a special adviser to the Nigerian president on information and strategy. The exchange also said it had not had any discussions with officials about such a fine, the People’s Gazette reported.

Story Highlights

The Bitcoin price hits $65,000! In less than a few hours of achieving the new milestone at $64,300, the token managed to bounce back, squashing the bearish attempt to keep the prices below $64,000. However, the bulls do not appear to be in despair, as they soon jump into action and lift the levels back above the newly formed resistance. Now the path towards the ATH appears to have become extremely clear, but increased price action is yet to start as a massive supply crunch is about to hit the markets. 
The Bitcoin narrative has been evolving at lightning speed, starting at levels around $32,000 after the markets recovered from the ‘SEC drama’. While the majority of them assumed the ETF did not impact the BTC price in the short term, they failed to analyse the long-term impacts, which have been quite visible with the recent price rally. It is a known fact that the spot ETFs have been recording huge volumes, with $7.64 billion worth of BTC being the highest on February 28, 2024. 
Having said that, the exchanges are running out of BTC & ETC along with the apps that offered to buy Bitcoin, a few months ago. As per the data from Glassnode, the balance in all the exchanges has reached the lowest level in history. 

On the other hand, Cash App, one of the popular mobile payment service platforms that offers Bitcoin and other crypto services, is running out of supply. According to some reports, the platform does not have any BTCs to sell, which indicates a major supply shock is about to enter the crypto space. Moreover, once the Bitcoin mining rewards are halved in April, the supply crunch may witness new highs as new issuances of BTC will be halved. 
This may be one of the reasons why memecoins are surging at exceptional rates while the top altcoins consolidate within a narrow range. Besides, the BTC price appears to have entered the halving phase, where a significant rise in prices may be witnessed that may lift the levels beyond $70,000 before the halving. However, the prices are expected to remain elevated regardless of the minor bearish actions that may hinder them at certain resistance levels. 
With this, it would be fair to say that the Bitcoin (BTC) price rally to $100,000 has already been programmed, with bulls aiming to push the levels above it. 

Solana price forecast: SOL showcases a significant price surge, hitting a 22-month high amid a market rally, with promising indicators for future growth

Solana price forecast: SOL, a premier platform in the blockchain arena known for its rapid transaction capabilities, has witnessed a remarkable uptick over the last fortnight. In the recent 24-hour chart, the value of Solana ascended to $128 despite a minor pullback of 4%. This recent upswing follows a period of sustained growth and stability, propelling Solana above a pivotal $125 resistance threshold.
Solana Price Forecast: A Look at Recent Momentum
Presently, boasting a market cap of $57 billion, Solana ranks as the fifth largest cryptocurrency by market valuation. Despite a slight dip in trading volume, the platform has seen over a 34% increase in the past day, totaling $3.84 million in trades. This surge in trading volume highlights the escalating interest and belief in Solana’s prospects among investors.
This week, Solana’s valuation soared to a 22-month peak of $137 amidst a broader uptick in the cryptocurrency market. The platform’s value has climbed by an impressive 25% over the last week alone, marking its highest point since April 2022. Over the preceding year, Solana’s price has rocketed by an astounding 484%, showcasing its significant growth trajectory.
Market Dynamics and Solana’s Promising Outlook
Solana’s network vitality shines through its current Total Value Locked (TVL) and decentralized application (DApp) activity levels. With a TVL experiencing a 30% uptick since the start of the year, Solana stands out against its rivals. This surge points to a high consumer interest in what Solana offers. 
The network’s robustness is further highlighted by its ability to handle the trading volumes on OpenSea’s NFT marketplace. Additionally, platforms like Jito and Saber are witnessing increased user interactions. These developments underscore Solana’s efficiency in managing large-scale operations and maintaining user engagement without facing major hurdles.
A fascinating twist to Solana’s ascent involves Sam Bankman-Fried, the ex-CEO of FTX. Following a report by the New York Times, it emerged that Bankman-Fried might have played a role in Solana’s positive trajectory. During his incarceration, he reportedly advised prison guards to invest in SOL, the network’s native token. This anecdote adds an intriguing layer to Solana’s ongoing success story, demonstrating its appeal across a broad spectrum of potential investors.
Solana Price Forecast: Eyeing the Next Milestones
If the current trajectory holds, Solana’s price could soon edge near the $140 mark. With continued positive momentum, SOL could surge to reach $200. On the flip side, a shift in this upward trend could see it retracting to the $100 support level. This level acts as a vital safeguard against further price drops.
The Chaikin Money Flow (CMF) index, with a value of 0.15, signals a positive market trend. Similarly, the Moving Average Convergence Divergence (MACD) illustrates a bullish pattern. This is evidenced by its climb above the signal line and an expanding green histogram. Such indicators point to an increase in buying activities.
Moreover, the daily Relative Strength Index (RSI) is slightly above 71. This suggests a market outlook that leans more towards optimism. The positioning of the 20 Exponential Moving Average (EMA) above the 50-EMA further bolsters the expectation of forthcoming gains. This presents an optimistic forecast for Solana’s market trajectory.

In the last 24 hours, PEPE has added a 40% upside to its price now trading at $0.000004366 with its daily trading volume shooting up by 200% to $2.31 billion.
PEPE Joins the Memecoin Fest
The Ethereum-based frog-themed memecoin has been one of the top-performing altcoins recently in the market.
The significant rise in PEPE’s market value can be attributed to a combination of underlying fundamentals and technical factors. A pivotal moment occurred with the introduction of a special offer by Binance aimed at incentivizing the acquisition and retention of PEPE.
This initiative provided complimentary tokens and improved returns, serving as a clear endorsement of PEPE by Binance and attracting further interest from investors. This strategic maneuver not only boosted PEPE’s trading volume but also reinforced investor trust, playing a substantial role in its overall market performance.
PEPE Coin Whale Moves
According to Lookonchain, a blockchain analytics platform, a significant move was made by a whale yesterday, depositing nearly 2 trillion PEPE tokens into one of the world’s largest cryptocurrency exchanges.
The whale’s accumulation journey began on June 7, 2023, when Pepe Coin was trading at $0.000001054. From June to December of that year, the address amassed 1.97 trillion Pepe tokens.
Approximately two months after this six-month buying spree, the whale deposited its entire PEPE holdings, valued at around $6.07 million, to Binance. As per the blockchain analytics platform, the whale reaped a profit of over $3.49 million within a matter of hours.
More Steam Left?
Amid its recent breakout above $0.000003537, the Pepe coin has entered a price discovery phase with the possibility of further upside from here. The RSI is hovering close to average levels, yet it has consistently remained above, indicating the ongoing dominance of the bulls.
This suggests that bullish momentum remains robust and may manifest itself shortly. With the anticipated next bullish surge, the Pepe Coin (PEPE) price is likely to reach new highs along the upper resistance of the pattern, surpassing $0.0000055.

Bitcoin ETFs, new players in the cryptocurrency market, are making a big splash on Wall Street. This innovative alternative to traditional investments is transforming the crypto sphere, attracting both seasoned traders and novices. Following the dynamic changes in the market, an entirely new landscape for potential profits emerges. Against such a backdrop, the article shifts focus to several standout tokens. These select crypto assets promise remarkable gains in March for investors tuned in to the shifts and trends of the rapidly evolving markets.  
BlastUP Presale: A Beacon Of Predictability In The Volatile Crypto Space
Buying presale tokens may be a good idea, as they are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP. It is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins and the first one to reach a staggering $1 billion TVL in just one month.
BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches. Its Project Screening feature will ensure that only high caliber projects enter its community.
The BlastUP token's presale is underway, offering a decent chance to invest in a promising asset at a low price. Currently, the token’s price is lower than its future listing price, so now is the most opportune moment to join the presale.

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking and participate in tiered IDO launches.
BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026 to unleash AI tools, the Community Marketplace, the incubation program, and more initiatives to foster mutual growth. BlastUP is about to shake up the crypto scene, so get on board before this rocket ship takes off without you!

Prospective Growth And Potential Risks In OP's Recent Price Activity
Looking at Optimism (OP) recent price activity, there is prospective growth on the horizon. With the token having reached the $4 level, it shows potential for increased interest, investment, and trading activity. This impressive rally could be indicative of a long-term uptrend, given the beneficial conditions identified in recent market developments.
Conversely, price volatility is expected as market conditions fluctuate. Surges usually indicate increased activity and trading, which in turn often lead to temporary price corrections. Rapid growth can also attract short-term investors keen on making swift gains, possibly destabilizing long-term stability for Optimism OP token. The risk of sudden sell-offs shouldn't be ignored, making it crucial for investors to keenly observe market trends and developments.
SEI’ Bullish Rating Forecasts A Potential Rise In Sei's Value Despite Market Fluctuations
SEI’s bullish rating points towards a potential rise in the value of Sei (SEI) in the foreseeable future. This indicates a favorable market, and most importantly, a long-term appreciation for Sei, underlining a positive outlook for the crypto price. Investors might perceive this news as an encouraging sign, leading to increased buying activities. An increase in demand could drive the price upward, pushing Sei's value higher.
Conversely, it's essential not to overlook the inherent unpredictable conditions of the crypto market. While Sei's future looks promising due to the bullish rating, there's the possibility of market downturns affecting its price. Temporary price stalls or a sudden drop might occur due to fluctuating market conditions or an unexpected lack of demand for Sei. However, such short-term fluctuations don't negate the overall positive long-term forecast for Sei's price, making it a possibly worthy consideration for investors.
Cardano's ADA: Potential Optimism And Unpredictability Of The Crypto Market
Observing Cardano’s recent developments gives rise to some potential optimism. Charles Hoskinson's recent comments confirming continued expansion of the ADA ecosystem could trigger a bullish trend given the right conditions. Introducing more programmable functionalities and an increase in decentralization denotes an aggressive growth strategy. Such a scenario might result in increased adoption levels and network value, which could be reflected in ADA's price over time. We could potentially witness a price surge in the following months or years.
Yet, it is also crucial to remember that the cryptocurrency sector is highly unpredictable, fluctuating according to various market forces. Despite ADA’s recent developments and despite Hoskinson's optimism, the price could remain unaffected or even decline if broader market conditions aren't favorable. Investments in infrastructure don't always equate to direct short-term price growth. The increased complexity may also lead to unforeseen technical issues that could impact the overall confidence, leading to price drops. The inherent unpredictability of the crypto market must never be overlooked.
Polygon's Plan For ETH Upgrade: Potential Pros And Cons Explained
Polygon's plan to prepare for Ethereum's Dencun upgrade is an intriguing development. Through implementing EIP-4844, Polygon could potentially reduce significant transaction fees. In the short-term, this improvement could strengthen Polygon's market appeal and fuel a considerable rise in its price. Also, if this reduction in fees encourages greater usage on the platform, the increased demand for MATIC could provide further upward price pressure.
On the flipside, although Ethereum upgrade preparation indicates forward-thinking, it's not without its potential pitfalls. The implementation of such an ambitious upgrade could open doors for unforeseen technical hiccups. In such scenarios, any interruptions or delays may put a dampener on Polygon’s price growth over the long term, restricting gains and potentially even causing dips. This is without considering external market factors, which can always pose a risk to any cryptocurrency's price.