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Solana price eyes $57 fibonacci extension, bullish volume fades

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Solana price eyes $57 fibonacci extension as bullish volume fades - 1

Solana price remains under corrective pressure as fading bullish volume and unresolved liquidity below price open the door for a move toward the $57 Fibonacci extension.

Summary

  • $170 support flipped to resistance, confirming bearish market structure
  • Low-volume bounces signal weak demand, increasing downside risk
  • $57 Fibonacci extension is critical, acting as a potential capitulation and reversal zone

Solana (SOL) price action continues to trade within a broader corrective phase after losing key structural support earlier in the cycle. While short-term bounces have emerged, the lack of strong bullish participation suggests these moves may be temporary rather than trend-defining.

As Solana struggles to reclaim former support that has now become resistance, technical conditions are aligning for a deeper downside move before any meaningful reversal can occur.

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With volume declining and liquidity building below current price levels, attention is now shifting toward a key high-timeframe Fibonacci extension zone near $57, a level that may act as a pivotal inflection point for Solana’s next major move.

Solana price key technical points

  • Former support at $170 has flipped into resistance, confirming bearish structure
  • Bullish bounces are occurring on low volume, signaling weak demand
  • $57 Fibonacci extension stands out as a macro reversal zone, with strong confluence
Solana price eyes $57 fibonacci extension as bullish volume fades - 1
BTCUSDT (6H) Chart, Source: TradingView

The current corrective move accelerated after Solana decisively broke below the $170 level, which had previously acted as a major area of support. Once this level was lost, price quickly transitioned into resistance, reinforcing the bearish shift in market structure. Multiple attempts to reclaim this zone have failed, confirming that sellers remain in control.

Following the breakdown, Solana experienced a sharp downside expansion into the high-timeframe support region near $157. This move reflected capitulation-style selling, though price has so far failed to officially retest the exact support level, instead printing a higher low just above it. While this may appear constructive at first glance, the broader context suggests unfinished business remains below the current price.

Low-volume bounce raises downside risk

One of the most notable aspects of Solana’s recent price behavior is the lack of bullish volume accompanying the bounce from the $157 region. In healthy reversals, price rebounds are typically supported by expanding volume, signaling strong buyer conviction. In this case, however, volume has remained subdued, indicating that the bounce may be driven more by short covering than genuine accumulation.

This type of low-volume recovery often leaves price vulnerable to further downside, particularly when liquidity remains concentrated below recent lows. As a result, the probability increases that Solana may revisit the lower support zone to fully clear remaining sell-side liquidity.

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$57 fibonacci extension comes into focus

From a Fibonacci and market structure perspective, the 0.618 extension near $57 represents a critical macro level. This zone aligns with multiple technical factors, including historical demand areas and structural liquidity pockets, making it a high-probability target if the current corrective phase continues.

Such extension levels often act as magnets for price during strong corrective moves, particularly when broader sentiment remains cautious and volume fails to confirm reversals. A move toward $57 would likely coincide with heightened volatility and emotional selling, conditions that frequently precede meaningful market bottoms.

Importantly, a test of this level would not necessarily signal further breakdown. Instead, it may represent the final leg of the corrective structure, setting the stage for a potential macro reversal if buyers step in decisively.

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Conditions for a bullish reversal

If Solana does trade into the $57 Fibonacci extension zone, the quality of the reaction will be crucial. A strong defense of the high timeframe support, combined with expanding volume and clear bullish rejection signals, would increase the probability of a sustainable reversal.

Should such a reversal occur, Solana could begin a rotational move back toward higher resistance levels, with the $170 region once again coming into focus. This would effectively keep the broader trading range intact, transforming the recent decline into a completed corrective cycle rather than the start of a prolonged downtrend.

What to expect in the coming price action

From a technical, price action, and market structure perspective, Solana remains vulnerable to further downside as long as bullish volume continues to fade. The $57 Fibonacci extension is the most important downside target and potential reversal zone.

Until that area is tested or convincingly invalidated, traders should remain cautious of short-term rallies. Volatility is likely to remain elevated, with price action driven by liquidity dynamics rather than sustained trend shifts. How Solana reacts near $57 may ultimately determine whether the market is preparing for a deeper correction or laying the groundwork for its next major bullish phase.

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cautious optimism as BTC holds near $70,000 amid Iran war

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U.S.-listed bitcoin ETF flows per month (SoSoValue)

Bitcoin’s resilience during the latest bout of global macro stress is starting to turn heads on trading desks.

The largest crypto climbed to just shy of $71,000, up roughly 7% from Sunday evening lows, even as geopolitical tensions escalated over the Iran conflict and markets grappled with risks ranging from oil supply disruptions to stress in private credit markets.

That relative strength is beginning to stand out. The Nasdaq 100 and S&P 500 have been roughly flat over the same time, while gold — typically a go-to safe haven during turmoil — has booked only modest gains. Looking at performance so far in March, BTC is the only one of the three posting gains.

Bitcoin is also showing early signs of breaking away from its tight correlation with embattled software stocks. Over the past five days, BlackRock’s spot bitcoin ETF (IBIT) is up 3.75%, while the iShares Expanded Tech-Software ETF (IGV) is down 2.45%.

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The price action is turning analysts cautiously optimistic that the crypto market may finally be stabilizing after months of declines.

Seller exhaustion

Aurelie Barthere, principal research analyst at Nansen, said one encouraging signal is how little BTC has reacted to fresh geopolitical headlines.

Earlier in the week, a brief wave of optimism lifted equities and crypto alongside softer oil prices, suggesting markets were tentatively pricing in a potential de-escalation in the Iran conflict. But as the session progressed, that optimism faded, and risk assets gave back some of their gains.

“Bitcoin’s downside sensitivity has been relatively limited,” she said, noting that some traditional benchmarks such as the Euro Stoxx index have fallen more sharply during the same period.

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That resilience suggests the marginal seller in bitcoin may be less aggressive than in equities, Barthere added.

Shifting correlation with gold

Another shift catching traders’ attention is bitcoin’s changing relationship with gold.

According to Bryan Tan, trader at crypto trading firm Wintermute, the BTC–gold correlation has flipped positive, moving to +0.16 from -0.49 a week ago.

During the initial phase of the Middle East conflict, bitcoin fell while gold rallied in a classic risk-off move, Tan noted. More recently, both assets have risen together while the U.S. dollar weakened, suggesting investors may be starting to treat them as beneficiaries of dollar softness rather than opposing risk trades.

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“If this correlation continues trending positively, it shifts the narrative around BTC in a conflict environment from ‘sell the risk asset’ to something more nuanced,” Tan said.

ETF flows return

Improving bitcoin ETF flows may also be supporting the recent strength.

U.S.-listed bitcoin ETF flows per month (SoSoValue)
U.S.-listed bitcoin ETF flows per month (SoSoValue)

Bitcoin ETF flows had been trending negative for months following the peak in October. But data from the past two weeks shows a notable improvement, noted Joe Edwards, head of research at Enigma, particularly with consistent inflows into BlackRock’s IBIT fund, the largest of the bitcoin ETFs.

A sustained recovery in ETF demand could be critical for bitcoin, he added. A sustained recovery in ETF demand could be critical, he added. Many analysts believe bitcoin’s next phase of growth depends on access to deeper institutional capital pools, such as ETF investors in brokerage accounts. With that in mind, the recent wave of outflows was concerning, Edwards said.

The “good news,” he said, is that there are signs of that period ending.

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IBIT has attracted nearly $1 billion in fresh inflows so far in March, after losing more than $3 billion between November and February, data by SoSoValue shows.

If the trend holds through the coming weeks, Edwards argued, it could support a broader bitcoin recovery into the second quarter.

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Binance.US names compliance veteran Stephen Gregory as CEO

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Binance.US names compliance veteran Stephen Gregory as CEO

Binance’s U.S. affiliate has hired veteran compliance executive Stephen Gregory as CEO to steady the platform under tougher U.S. scrutiny and reboot a regulated growth story.

Summary

  • Gregory replaces Norman Reed as Binance.US CEO, with Reed staying on as advisor to preserve continuity while handing control to a compliance‑driven operator.
  • The new chief has held senior roles at Currency.com, Gemini, and CEX.io, bringing hands‑on experience with licensing regimes, supervision and crypto compliance frameworks.
  • Under Gregory, Binance.US plans to expand its Earn and staking lineup and add cleaner access to DeFi and tokenized assets, pitching itself as a ring‑fenced, regulation‑first U.S. venue

Binance’s U.S. affiliate, Binance.US, has appointed seasoned compliance executive Stephen Gregory as its new CEO, effective March 9, as it tries to stabilize operations and pivot back to growth under heavier U.S. regulatory scrutiny. Gregory replaces Norman Reed, who will remain with the company as an advisor, preserving some continuity while handing day‑to‑day control to a leader with deep experience at regulated crypto platforms.

Gregory’s résumé is the point of the hire. He has held senior roles at Currency, Gemini, and CEX.io, giving him direct exposure to building compliance programs, dealing with U.S. regulators, and running exchange businesses under licensing regimes. For Binance.US—long dogged by enforcement actions and governance questions at the global group level—installing a CEO whose brand is “compliance first” is an attempt to convince counterparties, banks, and policymakers that the platform can operate as a clean, ring‑fenced U.S. venue.

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Under Gregory’s leadership, Binance.US plans to expand its Earn suite, staking services, and access points to DeFi and tokenized assets, targeting both crypto‑native users and more traditional investors. That means pushing deeper into yield products, integrating more on‑chain strategies behind the scenes, and packaging them in a form that can pass regulatory muster and internal risk committees. If executed, the strategy would reposition Binance.US not just as a cheap spot venue, but as a broader digital asset gateway competing with Coinbase, Kraken, and emerging broker‑dealers on product breadth as well as fees.

The stakes are high. Any misstep on compliance or disclosures will land harder under a CEO explicitly hired for his regulatory credentials, while success could give Binance.US a path to rebuild market share without inheriting all of the baggage associated with its offshore sibling. For U.S. traders and institutions, the message is clear: Binance.US wants to be seen less as a shadow of the global brand and more as a domestically focused, compliance‑heavy platform that can still deliver competitive liquidity, staking, and structured access to DeFi.

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BLSH leaps past Coinbase after 62% spot trading jump in February

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(CCData)

Crypto platform Bullish (BLSH), which operates an institutional-only crypto exchange business, climbed into the top three centralized crypto exchanges by spot trading volume for the first time in February, overtaking Coinbase (COIN) as trading activity across the industry slowed, according to CoinDesk Data’s February Exchange Review.

Spot trading volumes on Bullish, which is the parent company of CoinDesk, rose 62.6% month over month to $76 billion, the exchange’s highest monthly total since October 2025. The surge lifted Bullish’s market share to 5.06%, up 2.04 percentage points, making it the third-largest centralized exchange by spot trading volume.

The increase pushed Bullish, which went public on the New York Stock Exchange last year, ahead of Coinbase (COIN), which held a 4.59% share of the spot market during the month.

(CCData)
(CCData)

The milestone comes even as overall activity on centralized exchanges declined. Combined spot and derivatives trading volumes fell 2.41% in February to $5.61 trillion, the lowest level recorded since October 2024, the report said.

The slowdown coincided with subdued volatility in major cryptocurrencies. Despite heavy volatility in the first and last weeks of February, bitcoin spent much of the month trading in a narrow range between $60,000 and $70,000, limiting speculative activity that often drives higher trading volumes.

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Spot trading accounted for $1.50 trillion of that total, down 3.01% from January. Derivatives trading fell 2.41% to $4.11 trillion but remained the dominant force, accounting for 73.2% of all trading on centralized exchanges, the report said.

While Binance remained the dominant exchange by a wide margin, recording $331 billion in spot trading volume during February, which represents about 22% market share, its dominance declined to its lowest monthly level since October 2020, suggesting trading activity is becoming more distributed across competing platforms.

Bullish’s rise in the rankings highlights shifting dynamics among centralized exchanges amid intensifying competition. Exchanges are increasingly competing on liquidity, trading incentives, and new product offerings to attract traders during periods of slower market activity. Some have partnered with major U.S. stock exchanges to offer tokenized securities or have launched prediction market trading.

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Bitcoin Holds Above $70,000 as U.S. Inflation Remains Subdued

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BTC Chart

ETH and SOL gained 1% while XRP is flat on the day.

Crypto markets extended their gains on Wednesday after the Bureau of Labor Statistics reported that the consumer price index increased 0.3% for the month, putting the annualized U.S. inflation rate at 2.4%, in line with expectations.

Bitcoin (BTC) is trading at around $70,500, up 0.5% over the past 24 hours. Meanwhile, ETH climbed 1.4% to $2,070, SOL gained 1.2% to $87, and XRP is flat on the day.

BTC Chart
BTC Chart

The overall crypto market capitalization climbed 0.5% to $2.48 trillion, according to Coingecko.

Crude oil (WTI) is trading at around $85 per barrel after International Energy Agency (IEA) member nations pledged to release 400 million barrels from their emergency stockpiles. The S&P 500 and the Nasdaq were unchanged on the day.

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Most of the Top 100 digital assets posted gains over the last 24 hours.

Today’s top gainers are Internet Computer (ICP), which rallied 9%, followed by Hyperliquid (HYPE), which climbed 6%.

Midnight (NIGHT) and Zcash (ZEC) are the biggest losers

Around 94,000 leveraged traders were liquidated for $183 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $62 million, while ETH positions made up $44 million.

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Bitcoin exchange-traded funds (ETFs) recorded inflows of $251 million on Tuesday.

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NVDA Stock Rises After Nvidia’s $2B Nebius Investment

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NVDA Stock Card

TLDR

  • Nebius shares rose more than 13% to $110 after Nvidia announced a $2 billion investment.
  • NVDA stock traded near $185 and recorded a modest gain during Wednesday’s session.
  • Nvidia confirmed it will support Nebius in building large-scale cloud systems for artificial intelligence workloads.
  • Jensen Huang said Nebius is developing a cloud platform optimized for autonomous agents.
  • The partnership focuses on deploying advanced computing infrastructure and managing large compute fleets.

Nebius Group shares climbed to $110 on Wednesday after Nvidia ( NVDA) disclosed a $2 billion investment in the company. The stock gained more than 13% before the Wall Street opening bell. Meanwhile, Nvidia shares traded near $185 and posted a modest increase during the session.

NVDA Stock Jumps as Nvidia Expands AI Cloud Partnership

Nvidia confirmed a $2 billion investment in Nebius to support large-scale cloud systems for artificial intelligence workloads. The announcement lifted NVDA stock and pushed Nebius shares sharply higher in early trading. Nvidia stated that the partnership will focus on deploying advanced computing infrastructure and managing large compute fleets.


NVDA Stock Card
NVIDIA Corporation, NVDA

Jensen Huang, Chief Executive Officer of Nvidia, said, “Nvidia has begun building a cloud system optimized for autonomous agents.” He added that the platform integrates hardware, software, and networking around Nvidia-accelerated computing. As a result, both companies will coordinate on designing AI factories for next-generation applications.

Nebius plans to build infrastructure designed specifically for artificial intelligence tasks and distributed systems. The company will manage large compute clusters and support advanced inference workloads. Nvidia will supply core technologies and align its computing roadmap with Nebius cloud expansion plans.

 

The companies outlined joint efforts to scale data center operations and optimize performance for complex model training. Nvidia will provide graphics processing units and networking solutions for these deployments. Nebius will oversee system integration and cloud platform management across its facilities.

Nvidia Strengthens AI Ecosystem Investments

Nvidia has increased investments across the artificial intelligence ecosystem in recent months. The company disclosed $2 billion investments in Lumentum and Coherent to expand infrastructure capabilities. Nvidia also backed Thinking Machines Lab, founded by former OpenAI executive Mira Murati.

The chipmaker participated in OpenAI’s $100 billion funding round earlier this year. Nvidia also outlined plans to invest up to $10 billion in Anthropic. These transactions position Nvidia across hardware supply and platform development segments.

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The company continues to allocate capital toward research labs and infrastructure providers. Nvidia integrates its accelerated computing systems across partner platforms. Through these agreements, the company strengthens coordination between hardware design and cloud deployment.

NVDA Stock Technical Levels in Focus

NVDA stock trades within an ascending triangle pattern on the weekly chart. Analysts identify $174 as a key support level for the structure. If the price drops below $174, traders expect a move toward the $164 to $166 range.

 

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However, the stock remains positioned near the midpoint of the formation. If buying pressure increases, analysts project a breakout target between $192 and $196. Current trading levels reflect consolidation inside the established technical pattern.

Nvidia shares traded near $185 during Wednesday’s session following the Nebius investment disclosure. Nebius shares held gains above 13% after the market opened. The companies continue executing infrastructure plans announced with the $2 billion agreement.

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Shiba Inu (SHIB) Nears a Breaking Point That Might Trigger a 455% Increase

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SHIB Exchange Supply


A five-year low in SHIB’s exchange supply strengthens the bullish argument.

While the second-largest meme coin has been stuck in a prolonged downtrend over the past several months, some market observers believe the price may stage an impressive comeback soon.

Certain on-chain factors reinforce the bullish scenario, whereas stalled activity on Shibarium suggests the bears might not give up easily.

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SHIB to Skyrocket?

As of press time, the meme coin trades at around $0.000005653, representing a 52% decline on a yearly scale. Its market capitalization has fallen to roughly $3.3 billion, positioning it as the 31st-biggest cryptocurrency.

According to X user JAVON MARKS, SHIB appears to be nearing the breaking point of another Falling Wedge-like structure and may be gearing up for a substantial jump. The analyst noted that the last move out of such a formation was followed by a whopping 455% price increase, prompting the question of whether history is about to repeat itself.

Another market observer who recently touched upon the token is CRYPTO LEGEND. They believe SHIB could emerge as one of the strongest performers in a future altseason, with gains potentially reaching 10x.

A possible hint of an upcoming rally is the persistent decrease in tokens sitting on crypto exchanges. CryptoQuant’s data shows that the figure recently plunged to a five-year low of around 80.1 trillion. The trend indicates that investors have been steadily shifting from centralized platforms to self-custody, thus reducing immediate selling pressure.

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SHIB Exchange Supply
SHIB Exchange Supply, Source: CryptoQuant

Shiba Inu’s Relative Strength Index (RSI) should also be mentioned. The technical analysis tool has tumbled to around 30 on a weekly scale, suggesting that the asset has neared oversold territory and could be due for a resurgence. Conversely, ratios above 70 are interpreted as precursors of a pullback.

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SHIB RSISHIB RSI
SHIB RSI, Source: CryptoWaves

Further Pain for the Bulls?

In contrast to the optimistic forecasts, SHIB’s burning mechanism and Shibarium’s stagnation point to the possibility of further weakness. The burn rate is down nearly 30% on a daily scale, resulting in less than 5 million tokens (whose USD valuation is negligible) sent to a null address.

SHIB Burn RateSHIB Burn Rate
SHIB Burn Rate, Source: shibburn.com

The program was adopted in 2022, and since then, the team and the community have scorched roughly 410.75 trillion coins, leaving approximately 585.47 trillion in circulation. Its ultimate goal is to reduce SHIB’s overall supply, thereby potentially driving up prices due to scarcity (should demand remain constant or rise).

Shibarium’s stalled progress is another bearish factor. Launched in the summer of 2023, Shiba Inu’s layer-2 scaling solution was designed to boost the ecosystem by lowering fees, boosting speed, and improving scalability.

However, the protocol suffered an exploit last year, which severely damaged investor confidence. Daily transactions, once in the millions, plunged to mere hundreds after the incident.

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Why Investors Are Bullish on DeepSnitch AI: 100x-300x Predictions Stack Up Before Launch Driven by AI Utility, DOGE and ADA Remain Muted

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Why Investors Are Bullish on DeepSnitch AI: 100x-300x Predictions Stack Up Before Launch Driven by AI Utility, DOGE and ADA Remain Muted

Jensen Huang just made the bullish case for AI infrastructure by predicting that trillions of dollars are still to be built, millions of skilled jobs still to be created, and every company on earth will eventually run on it.

While the AI infrastructure buildout plays out over decades, the crypto market has its own AI story developing at a much faster pace, and it has gotten everyone asking why investors are bullish on DeepSnitch AI.

The answer is clear: DeepSnitch AI is a crypto application layer that provides a clear use case for traders, and the $2M raised and community going ballistic with 100x-300x anticipation ahead of March 31 TGE is the clear proof of potential.

AI as a five-layer cake

Jensen Huang, Nvidia CEO, pushed back on AI job fears this week, arguing in a blog post that the technology requires an enormously skilled workforce to build and maintain the infrastructure underneath it.

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He argues that electricians, steelworkers, network technicians, and operators are all in short supply.

Describing AI as a five-layer cake, Huang proposes that the AI consists of energy, chips, infrastructure, models, and applications. Moreover, most of the buildout isn’t yet happening, and Huang expects that trillions of dollars of infrastructure remain to be built.

The comments come as companies like Block, Pinterest, and Dow cited AI efficiency gains while cutting thousands of jobs. NVIDIA CEO says that it’s important to separate infrastructure jobs from roles becoming automated.

Meanwhile, retail traders are out “looking” for money, but many are disappointed by the recent prospects for affordable established coins. And since DeepSnitch AI is both an AI project that technically presents Huang’s “application” layer, DeepSnitch AI investor interest is high, as it doubles as a legitimate tool and potentially a breakout coin.

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Altcoins to watch in March 2026

1. DeepSnitch AI: DeepSnitch AI bullish sentiment peaking in anticipation of March 31 launch

While the broader AI buildout is measured in decades, DeepSnitch AI is already live with five AI agents running through a central intelligence layer, delivering real-time sentiment tracking, rug pull detection, instant DYOR via contract address, and a hidden gem scanner.

Best of all, these tools are all located within a single dashboard – no learning curve, no back-and-forth.

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In short, the project’s utility and early development have attracted $2M in capital. While the hype certainly plays a role, there is genuine DeepSnitch AI market demand as traders are actively looking for a singular set of AI trading tools.

As such, there’s a strong possibility that DeepSnitch AI will end up in many traders’ portfolios post-launch, delivering steady growth for investors following a massive 100x-300x, community-projected run.

Still priced at $0.04399, FOMO is hitting after the launch was set for 31, and it was confirmed that DSNT will be available for open trading on Uniswap (although CEX and additional DEX listings are expected).

AI is the biggest infrastructure story of the century. DeepSnitch AI is the application layer for traders who want to benefit from it, not in ten years, but now – and that’s the TLDR on why investors are bullish on DeepSnitch AI.

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2. Dogecoin: Is there hope for DOGE?

According to CoinMarketCap, DOGE recovered to $0.091 on March 11.

DOGE has struggled recently, but bulls are seemingly back and have started targeting the $0.10 level.

Yet, a breakout can be confirmed only if buyers test the $0.12 breakdown level as DOGE will establish its cycle button.

If the current recovery stalls, DOGE could once again see its $0.08 February low, meaning that the structure remains fragile.

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3. Cardano: What’s next for ADA?

According to CoinMarketCap, ADA’s small recovery screeched to a halt, and the coin settled at $0.25.

While many are asking why investors are bullish on DeepSnitch AI, ADA buyers are still not giving up as they target the 20-day EMA at $0.27. If the price rejects the rally, ADA will remain in its descending channel until the next floor materializes.

On the other hand, if the selling pressure starts building up, Cardano could slide further, erasing all the recent gains.

Final thoughts: Why investors are bullish on DeepSnitch AI – and why you should be too

With DeepSnitch AI’s TGE a little over two weeks away, you still have time to get on board the most exciting crypto AI project in recent times.

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DeepSnitch AI is a perfect demonstration of AI in real life, only this time it’s tailored specifically for traders. The approach is obviously working, as $2M raised and 100x-300x community projections prove that the high-conviction wave is hitting hard as the launch approaches.

Moreover, the DSNTVIP300 unlocks 300% extra tokens on $30K+ allocations and is available until March 31. These bonuses are organized in tiers and actively incentivize traders who lock in on the DeepSnitch AI bullish sentiment early.

The time to get into DeepSnitch AI presale is now. And while you wait for the TGE, feel free to go through X or Telegram for top-tier community chit-chat.

FAQs:

1. Why are investors bullish on DeepSnitch AI ahead of its March 31 TGE?

Three reasons stack up cleanly: $2M raised during a bear market signals genuine conviction, not speculative hype. The central intelligence layer is already live with five AI agents delivering operational, and the March 31 TGE brings DSNT to Uniswap with DEX and CEX listings expected to follow.

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2. How does Jensen Huang’s AI infrastructure thesis connect to DeepSnitch AI’s bullish prospects?

Huang describes AI as a five-layer cake: energy, chips, infrastructure, models, and applications. Most institutional AI plays target the lower layers: chips, data centers, and infrastructure. DeepSnitch AI sits at the application layer, where AI directly meets the end user. For crypto traders, that means real-time sentiment tracking, rug detection, and instant DYOR.

3. What are the short-term price setups for Dogecoin and Cardano right now?

DOGE recovered to $0.091 but needs a close above $0.10 and a test of the $0.12 breakdown level to confirm a cycle bottom, while failure to hold current levels risks a revisit of the $0.08 February low. ADA is holding at $0.25 with bulls targeting the $0.27 20-day EMA. A rejection could keep ADA rangebound in its descending channel, while increased selling pressure could erase recent gains entirely.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Foundry to Launch Institutional Zcash Mining Pool

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ZEC Chart

The world’s top Bitcoin mining pool operator expands into privacy coins as ZEC surges 600% year-over-year.

Foundry Digital, the Digital Currency Group (DCG) subsidiary behind the world’s largest Bitcoin mining pool by hashrate, announced today that it will launch an institution-focused Zcash mining pool in April.

The move marks Foundry’s first expansion beyond Bitcoin and targets what the company describes as a gap in the Zcash ecosystem: the absence of compliant, institutional-grade pool infrastructure capable of meeting the needs of public companies and large-scale miners.

Foundry CEO Mike Colyer framed the expansion as a natural extension of the company’s mission, noting that while Zcash has grown into a serious institutional asset, its mining infrastructure has lagged behind. The new pool will be U.S.-based and built on the same compliance framework underpinning Foundry USA Pool, which holds both SOC 1 Type 2 and SOC 2 Type 2 certifications.

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The announcement was welcomed by Zcash founder Zooko Wilcox, now Chief Product Officer at Shielded Labs, who said the new pool should help distribute Zcash mining hashpower away from its current concentration in a single pool and attract new miners.

ZEC is trading around $212, down roughly 4% in the past 24 hours and about 10% on the week.

ZEC Chart
ZEC Chart

Zcash Open Development Lab (ZODL), formed by the core developers of Zcash (ZEC) after they exited Electric Coin Capital, recently secured $25 million in seed funding to support the privacy-focused ecosystem.

Zcash, launched in 2016, uses zero-knowledge proof technology to enable private transactions on a public blockchain, allowing verification without exposing wallet addresses or amounts.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Ripple Targets $50B Valuation With $750M Buyback Amid Major Partnerships

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Screenshot 2026-03-11 at 21.39.45


Ripple is planning to repurchase shares from its employees and previous investors.

The past 24 hours have been quite eventful for Ripple.

According to Bloomberg, the company is launching a share buyback program that values it at roughly $50 billion.

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The company’s plan is to repurchase up to $750 million in shares from employees and investors. The tender offer is expected to run through the month of April.

Recall that Ripple previously raised $500 million at a $40 billion valuation. This happened back in November last year. Investors in that round included Fortress Investment Group, Citadel Securities, and more.

As mentioned above, the last 24 hours saw Ripple get enlisted in Mastercard’s new Crypto Partner Program. The goal of that is to connect blockchain-based technology with the firm’s broad payments infrastructure.

Moreover, they also announced plans to secure an Australian Financial Services License. To do so, Ripple will be acquiring a local company called BC Payments Australia Pty Ltd, subject to finalizing the standard completion process.

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That said, XRP’s price has remained flat on this most recent news. At the time of this writing, the cryptocurrency is trading at $1.39, up 0.7% in the past 24 hours.

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Screenshot 2026-03-11 at 21.39.45
Source: CoinGecko

 

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Bitcoin treasury firm Strive buys Strategy instead of bitcoin

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Bitcoin treasury firm Strive buys Strategy instead of bitcoin

A bitcoin (BTC) treasury company just bought another BTC treasury company’s dividend-paying shares after selling its own dividend-paying shares. If that sounds circular, that’s not accidental.

The CEO of Nasdaq-listed buyer Strive, co-founded by Vivek Ramaswamy and an ex-president of beer company Anheuser-Busch, announced its $50 million cash purchase of Strategy’s STRC today.

Michael Saylor thanked him for the purchase, retweeting Strategy’s post in gratitude.

In the company’s own press release about buying another company’s dividend-paying shares, Ramaswamy admitted, “Instead of holding idle cash earning low yields in money market funds, we believe it makes sense to allocate a portion of those reserves to instruments like STRC.”

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In January, Strive raised roughly $118 million through selling 1,320,000 shares of its own dividend-paying SATA.

SATA currently pays 12.75% annualized dividends, a far higher yield than even junk bonds. 

Strive was able to raise money by selling SATA not only because of its generous dividend rate, but also because it sold shares at $90 apiece, $10 below its $100 par value

This month, Strive then bought $50 million worth of STRC at full par value, which pays 11.5% annualized dividends.

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Moreover, Strive hiked SATA dividends another 25 basis points today from 12.5% yesterday to encourage investors to bid up for shares that have fallen as low as $81 last month or 19% below par. 

Even assuming the STRC that Strive purchased maintains its $100 quasi-peg — which is a huge assumption that hasn’t always held true — Strive is now earning a 125 basis point negative carry.

Bitcoin treasury companies paying dividends to each other

Both companies framed the deal as a triumph for so-called “digital credit,” a euphemism for elaborately complex fiat payout schemes by companies that own BTC.

Strategy CEO Phong Le said the purchase proves “institutions continue integrating STRC into their treasury strategies.” Cole called STRC and SATA “core building blocks for institutional capital.”

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Read more: Strategy is paying credit card rates to keep STRC at $100

Strive now counts its STRC holdings as part of its SATA “dividend reserve” which could last for 18 months provided everything works out and the price of BTC doesn’t decline too much.

The company’s STRC shares that it purchased from Strategy for $100 apiece, just for historical reference, were trading at $93.10 as recently as February and $90.52 as recently as November.

Its annual SATA dividend obligation exceeds $54 million.

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STRC itself has required seven consecutive dividend hikes just to trade near par. Strive counts on the stability of an instrument whose issuer keeps paying more to prevent it from breaking too far below its $100 par.

ASST, the common stock of Strive, is down 37% year-to-date. Strategy’s common stock MSTR is down 8%.

One BTC treasury company’s double-digit dividends helped to fund another BTC treasury company’s double-digit dividends. With both CEOs boasting about the deal, the circularity is a feature, not a bug.

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