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The crypto industry is holding its breath in the face of still hesitant regulation. As enthusiasm for crypto ETFs grows, the U.S. Securities and Exchange Commission (SEC) has just postponed its decision on a significant request: the conversion of Grayscale’s XRP Trust into an ETF. This postponement, announced on Tuesday, illustrates the heightened regulatory difficulties surrounding these assets, even as crypto-related financial products gain legitimacy among institutional investors. Amid regulatory uncertainties and expansion strategies from major asset managers, the wait continues for supporters of an XRP ETF. The American financial watchdog has chosen to exercise its right to delay its decision on Grayscale’s request to transform its XRP Trust into an exchange-traded fund (ETF). In its statement, the agency indicates that it finds it “appropriate” to extend the review period to evaluate the implications of this transformation in more detail. The announcement immediately impacted the price of XRP , which recorded a decline of 1.2% after reaching an intraday peak of $2.2. This postponement is not an isolated case: the SEC has also pushed back its decisions regarding similar proposals, including those targeting Dogecoin and Litecoin ETFs. While Grayscale is on the front line, other players are also looking to position themselves in the XRP ETF market. The SEC still has to rule on the applications submitted by 21Shares and Canary Capital, which are awaiting a verdict in the coming weeks. Franklin Templeton, one of the heavyweights in asset management, has also expressed interest in an XRP ETF by recently filing an official application. In contrast, giants like BlackRock and Fidelity, although already engaged in the Bitcoin and Ethereum ETF market, are keeping their distance from XRP ETFs. BlackRock even dismissed the idea of investing in financial products related to alternative cryptos, which could indicate heightened skepticism regarding uncertain regulations and market prospects for XRP. The uncertainty surrounding the regulation of crypto ETFs in the United States continues to weigh on market players. Despite measured optimism (Polymarket analysts estimate the chances of an XRP ETF approval at 75%), caution remains necessary. The SEC’s decision could condition the evolution of the altcoin market , which would influence the price of XRP, but also the attitude of institutional investors towards alternative cryptos. This postponement once again highlights the prudence of the regulator in the face of a sector undergoing significant changes, which is still striving to find its place alongside traditional financial assets.

As Bitcoin hovers around $81,000, a massive transfer of nearly 12,000 BTC by the former defunct giant reignites speculation. Between the psychology of the players and invisible market mechanisms, a breakdown of a tremor that recalls the fragility of an ecosystem still marked by its ghosts. The numbers speak, but their interpretation is divisive. According to Lookonchain, Mt. Gox moved 11,834 bitcoins this month, including 11,502 to an unknown wallet. An opaque maneuver, preceded by a transfer of $1.07 billion in March. Why these movements now? The answer may lie in the legal guts of the creditor repayment, initiated in July 2023 but stretched until October 31. The timing raises questions. These transactions occur as the market goes through a turbulent zone: Ethereum hits levels unseen since October 2023, and Bitcoin wobbles. Coincidence? Not really. Every move from Mt. Gox acts like an electric shock on investors still traumatized by the 2014 bankruptcy. The platform, though moribund, retains a hypnotic power over prices. However, the facts resist fantasies. No massive liquidation has followed the previous repayments. The creditors, often seasoned hodlers, seem to prefer caution over panic. The postponement of the deadline to October 2024 — announced at the end of 2023 — even eased fears. But the market, it operates on instinct. Mt. Gox always finds a way to keep the market nervous. Fear sometimes feeds on itself. Bitcoin operates like a funhouse mirror: a transfer is never just a transfer… until it becomes a symbol. The 11,834 BTC moved represent only a tiny fraction of the market. But in the collective imagination, Mt. Gox always embodies systemic risk. Each transaction awakens the specter of a flood of sales, although nothing technically indicates it. Let’s analyze dispassionately. The bitcoins sent to a hot wallet — often associated with immediate liquidity — could foreshadow a future sale. But the majority landed in a “new wallet”, probably an intermediate step before redistribution. A logic of caution, not attack. Yet, the market overreacts. As if each unknown address hides a trap, each transaction a warning. In reality, this nervousness reveals a deeper truth: Bitcoin remains vulnerable to narratives. Algorithms trade at the speed of rumors, and the media amplify every tremor. The drop below $2,000 for Ethereum? A symptom of this permeability to signals, whether real or imaginary, but which still impacts DeFi, leading to a collapse of $45 billion.

The crypto market has seen a steep decline in the last month, with Bitcoin (BTC) dipping below the $80,000 level. This had a cascading effect on other cryptocurrencies, including Dogecoin (DOGE). In the last 24 hours, the worldwide crypto market capitalization has dropped by 4.8%, standing at $2.71 trillion. Dogecoin has not escaped, posting an 8.3% slide in daily graphs, a week-on-week slide of 17.9%, and a plunge of 24.3% in both 14-day and monthly charts. International economic uncertainties have shaped the current market correction, with rising trade tensions being the major driver. The United States has imposed new tariffs on several trading partners, including the European Union (EU), which retaliated with threats of countermeasures. This nascent trade war has caused investors to withdraw from high-risk assets, such as cryptocurrencies like DOGE. Despite the bearishness, there were remarkable events in the U.S. that may benefit the crypto market. The U.S. government recently announced plans to create a Bitcoin reserve and digital asset stash, a move that has the potential to spur growth in the crypto industry, as highlighted in our previous story. Nonetheless, investor confidence is low, and traders remain cautious, hindering any possible recovery for assets such as Dogecoin. Amidst this chaos, the DOGE price plunged 7.33%, trading at $0.1616 on Tuesday, March 11. Whilst, the meme coin’s market capitalization dropped to $24.09 billion, according to data from CoinMarketCap. Furthermore, the derivatives market showed negative signs as DOGE futures open interest dipped 3.04% to $1.35 billion, according to Coinglass . Market experts continue to be split about Dogecoin’s short-term path. Crypto analytics platform CoinCodex has estimated a possible spike for the DOGE price, predicting the asset to hit $0.604066 on April 6. If so, it would be a near 300% rise above current levels. Nevertheless, specialists warn that such a strong price rise would likely be brief. CoinCodex indicates DOGE might see a correction when reaching the $0.60 point, from where it wouldn’t be able to sustain such gains for too long. Speculations about the potential rally continue as macroeconomic circumstances still place pressure on the overall crypto space. A number of things may keep Dogecoin from reaching its expected breakout. The ongoing global trade conflicts have instilled uncertainty in financial markets, making it tough for digital assets. Moreover, macroeconomic issues, including inflation and monetary policy choices, continue to affect investor sentiment. However, any positive development on Dogecoin ETF could lead to a major rally for the meme coin, as featured in our recent coverage. Although DOGE has traditionally exhibited extreme volatility and erratic price movements, whether it can maintain an upward trend is unknown. Until economic conditions settle down, the direction of Dogecoin’s price will most probably be based on outside economic trends and investor sentiment in the crypto market.

Shiba Inu (SHIB) has been facing intense selling pressure as the broader crypto market has recently experienced a bearish trend . The downturn has threatened SHIB’s standing among the top 20 digital assets. However, Shiba Inu’s marketing lead, Lucie, remains firm on the project’s significance, issuing a strong statement that reaffirms its core identity in the crypto world. In an update on X, Lucie emphasized that SHIB is not just another meme coin but the foundation of an expanding ecosystem. She reinforced this with a bold comparison: SHIB is our BTC. The statement reflects the team’s belief that SHIB holds a central position within its ecosystem, just as Bitcoin (BTC) does for the broader market. Beyond its role as a token, Lucie highlighted the broader Shiba Inu ecosystem, which includes BONE, SHIB, and Shib: The Metaverse. “For me, that means everything—TREAT, BONE, SHEB, LEASH, Shiboshis, and Shib: The Metaverse,” said Lucie. SHIB has been caught in the wider market downturn, and the price has faced sharp fluctuations. Lucie attributes this instability to “manipulation” rather than fundamental weaknesses in the crypto sector. At the time of writing, SHIB faced a 6.40% decline in the last 24 hours, with its price reaching $0.00001168. Lucie said: The market was liquidated due to political fear-mongering and manipulation, but there’s no reason to stop—only to push harder, However, trading volume saw a 34% gain, reaching 470 million in the same period. This spike has sparked speculation that large holders , often referred to as whales, may be returning to the market. However, on-chain data suggests that many major investors have been offloading their SHIB holdings, increasing the selling pressure. One key indicator, the Large Holder Netflow metric, has turned significantly negative, signaling a wave of sell-offs. This activity has been a notable driver behind the asset’s recent struggles. Yet, despite whale movements, some analysts believe SHIB still holds strong potential for long-term growth. Davinci Jeremie, a well-known early Bitcoin investor, recently shared his thoughts on SHIB’s prospects. “I like Shiba Inu,” he said in a video update. However, he tempered expectations, stating : I think Shiba Inu is going to do relatively well in this cycle, but it may not go as high as you expect. Jeremie, who gained widespread recognition in 2013 for urging people to invest even $1 in Bitcoin, pointed to Shibarium as a potential growth catalyst for SHIB. The layer-2 network provides low-cost transactions and an infrastructure for decentralized applications (dApps), which could significantly enhance SHIB’s utility. Despite that potential, adoption remains limited. He described Shibarium as a network capable of hosting various applications at minimal cost but noted a lack of active users and practical use cases for tokens within its ecosystem.