Gate News bot message, altcoin prices have declined, with Market Cap to Revenue ratios for top 10 altcoins reaching 0.3x to 2.6x their annual revenue. Regulatory constraints prevent protocols from distributing revenue directly to token holders.
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XRP Today's News: Five-Year Legal Battle Ends, Price Drops After Regulatory Clarity
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released a cryptocurrency asset classification framework, designating XRP as a "digital commodity" and ending a five-year regulatory dispute. Although this news temporarily boosted XRP's price, it subsequently declined due to interest rate policies and market sentiment. The market is focused on the March 27 deadline for XRP ETF applications, which could serve as a new catalyst if approved.
MarketWhisper15m ago
CNBC's Jim Cramer Calls Market "Extremely Oversold," Appears to Reference Bitcoin
Gate News reported that on March 20, Jim Cramer, host of Mad Money under CNBC, an American financial media outlet, commented that the market is in a "very oversold" state, which may involve Bitcoin (BTC). Specific details of the comment have not been disclosed yet.
GateNews16m ago
Ethereum Tests Critical Support Zone, Risk of Breakdown and Extended Downtrend?
The Ethereum Foundation has allocated 3,400 ETH to the decentralized lending protocol Morpho, enhancing its treasury strategy. This includes 1,000 ETH in Morpho Vaults V2, aimed at sustainable DeFi yields, following an earlier deployment of 2,400 ETH last October.
TapChiBitcoin25m ago
Solana on-chain revenue hits 18-month low, SOL may test $80 level
The Solana ecosystem has come under pressure recently, with SOL's price retreating from $97.70 to $87, representing a three-day decline of approximately 11%. Sentiment in the derivatives market is insufficient, with funding rates approaching historic lows, and on-chain DApp revenue has dropped to an 18-month low. Despite relatively solid performance on decentralized exchanges, new products and competition are putting pressure on capital flows. SOL is expected to remain range-bound and weak in the near term.
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Analysts Recommend Holding "Dry Powder" During Price Volatility, BTC Oscillates Near $70,000
Gate News reported that on March 20, a certain analyst advised investors to hold "dry powder" (referring to cash reserves or funds awaiting investment) during periods of price volatility. On Thursday, Bitcoin price fluctuated around $70,377.59 and moved in the direction of $69,000.
GateNews37m ago
PHA Soars 27.93% as Broader Crypto Market Shifts
PHA experienced a remarkable price surge of 27.93% in one hour, rising to $0.0426 amid mixed market signals. Increased trading volume and speculative interest suggest a shift in investor sentiment towards altcoins, highlighting potential breakout levels to watch.
Coinfomania57m ago
