Crypto World
The legal battles of Justin Sun
Justin Sun and his numerous cryptocurrency projects feature as both a plaintiff and a defendant in a variety of different lawsuits.
In fact, there are so many that keeping track can almost feel like a full time job. So, for those interested in that sort of thing, Protos has attempted to cut through the clutter and pulled together the suits involving Sun and his firms that we believe are most important.

Justin Sun’s fight with Huobi’s founder
Sun has been engaged in a series of disputes with Huobi founder Li Lin.
Initially, Sun accused Li’s brother, Li Wei, of taking advantage of the Huobi Token, specifically claiming that Li Wei had “received millions of HT tokens for free.”
This tweet was subsequently deleted.
Read more: Justin Sun fights a lot of lawsuits on behalf of companies he doesn’t own
The focus of this dispute then shifted to Sun’s use of the “Huobi” name.
Eventually, the High Court of Hong Kong determined that the requested injunction from Li’s firm would be granted, limiting Sun’s ability to use the Huobi name in Hong Kong.
More recently, Sun accused Li of concealing a $30 million hole in Huobi’s books when it was sold to About Capital Management.
Sun has since deleted the tweet where he made this accusation.
TrueUSD and the missing reserves
Techteryx, the Sun-affiliated firm that operates TrueUSD, has been engaged in a dispute with First Digital over the reserves of TrueUSD and how they were managed and invested.
TrueUSD had allowed First Digital to manage substantial portions of the reserves, and these investments were directed into a series of speculative and illiquid investments.
The portion of TrueUSD’s reserves invested into these assets became inaccessible when the fund they were invested in refused redemption.
Read more: What’s up with TrueUSD and the rest of TrustToken’s stablecoins?
Many of these claims about the reserves were echoed in the SEC lawsuit against TrueUSD (already settled).
Additionally, an attestation for TrueUSD from Moore Hong Kong, including notes from Techteryx executive Jennifer Jiang retrieved on February 19, reads, “The Hong Kong depository institution has invested all or substantially all of the collateral in other instruments to generate yield, which cannot be readily convertible to cash, and are subject to ongoing legal proceedings.”
Several of the defendants in this case maintain that this issue should be handled according to an arbitration agreement and not in court.
Read more: FTX knew Justin Sun tried to acquire TrueUSD
Reporting and legal filings related to this case have also revealed that Sun had to extend a large line of credit to TrueUSD because of the insolvency resulting from this reserve mismanagement.
Sun has also publicly claimed that First Digital’s role in the management of these reserves suggest “obvious loopholes in the trust industry in Hong Kong.”
First Digital Trust also publicly responded to Sun’s accusations, claiming that a substantial portion of the redemption issue for TUSD’s reserves was rooted in “AML/KYC concerns regarding the buy-out deal between TrueCoin and Techteryx and the identification of the ultimate beneficial owner of Techteryx.”
This would seem to be an allusion to Sun, though Techteryx and TrueUSD have, for some reason, continued to maintain that Sun isn’t the ultimate beneficial owner.
Older TrueUSD-related firms, specifically Archblock, TrueCoin, and TrustToken, have also recently been targeted in a lawsuit by the Celsius estate.
BiT Global’s lawsuit against Coinbase
Coinbase and Sun have been involved in lawsuits over tokenized bitcoin (BTC).
Sun is an advisor to Wrapped Bitcoin (WBTC) and has ties to BiT Global.
After Sun became involved with WBTC, Coinbase chose to delist the token.
Read more: Coinbase takes aim at Justin Sun in WBTC lawsuit response
BiT Global hoped that Coinbase would pay damages and would also be forced to relist WBTC.
Coinbase responded by pointing out it believed there was an “unacceptable risk that control of WBTC would fall into the hands of Justin Sun.”
It additionally noted that BiT Global wasn’t willing to answer questions “about who ultimately owned and controlled BiT.”
BiT Global’s lawsuit was dismissed with prejudice.
FTX’s lawsuit against Justin Sun
The FTX estate is seeking an opportunity to file an amended complaint against HTX, Poloniex, Sun, and other Sun-affiliated entities like About Capital Management.
The proposed amended complaint alleges that both Poloniex and HTX still retain millions in FTX estate assets that they’ve been unwilling to hand over.
Specifically, it alleges that Alameda Research had assets “then-valued at approximately $27.5 million” between the two Sun-owned exchanges, and “both Huobi and Poloniex had locked the Alameda accounts, rendering the debtors unable to recover their assets.”
The suit additionally verified some of the opaque structures that Alameda Research preferred, noting that the Poloniex account wasn’t associated with Alameda Research in general but was opened in Sam Bankman-Fried’s name.
Similarly, the Huobi account was also opened up under the name of an Alameda Research employee.
The amended complaint also complains that Sun’s “liquidity arrangement” with FTX as it collapsed “affirmatively facilitated a breakdown of creditor equality by providing preferential treatment unavailable to others who didn’t have tokens associated with Sun.”
This arrangement ended up “effectively reallocating estate value away from the general creditor body and towards Sun and his enterprises” as it “was designed to — and did — artificially inflate the prices of Sun-affiliated tokens by inducing a surge in demand on FTX.”
Several of the entities defending against this have filed responses opposing the ability for the estate to file this amended complaint, often claiming that the suit had done an inadequate job of proving these Sun-affiliated entities were Sun’s alter egos.
Justin Sun’s lawsuit against Bloomberg
Sun has filed a suit against Bloomberg following his participation in and inclusion on the Bloomberg Billionaire Index.
Sun had shared a variety of documents with Bloomberg, including a list of crypto addresses and evidence that he owned HTX, so that he could be included on the index.
Sun subsequently tried to insist in a group chat with Bloomberg reporters that “all information shared within the group is strictly confidential and for verification purposes only.
He also demanded that, “Once the verification is complete, the data must be deleted,” and also stipulated that the data shared should be used “solely for verification and may not be used for any other purpose (including reporting).”
Read more: ‘Someone’ is taking advantage of HTX’s reserves
Bloomberg, notably, did not agree to these terms.
Subsequently, the outlet was able to publish reporting on Sun that revealed that he owned the majority of TRX tokens and the HTX exchange.
Most recently Sun’s representatives have requested an oral argument over Bloomberg’s motion to dismiss.
This suit against Bloomberg is only one example of Sun pursuing journalistic outlets; he also reportedly complained to Bullish, CoinDesk’s owner, to get an article about his purchase of a multi-million dollar banana removed.
Justin Sun’s lawsuit against David Geffen
Sun has also filed a suit against music mogul David Geffen.
It alleges that Geffen’s purchase of a sculpture that Sun owned hinged upon Sun’s former art advisor forging Sun’s signature.
Geffen’s representatives have described the suit as “seller’s remorse.”
Geffen has also filed a counterclaim against Sun that alleges that Sun filed this lawsuit because his team had “failed to find a buyer” for paintings that were part of the deal with Geffen.
Geffen’s counterclaims allege that following this failure, “Sun and Xiong contrived this fraudulent lawsuit, hoping to pressure Geffen into rescinding the deal or paying Sun.”
The SEC lawsuit against Justin Sun
The SEC has also sued Sun, alleging that he sold unregistered securities, wash-traded, and participated in market manipulation.
Allegedly, Sun and Sun-affiliated entities engaged in a scheme to wash-trade TRX tokens on a US-based platform, specifically Bittrex.
Additionally, the amended complaint details how Sun was frequently spending time in the United States while he was directing these activities, helping the SEC establish jurisdiction.
Read more: SEC sues Justin Sun over TRX, BTT, market manipulation
Recently, Sun has become one of the largest financial supporters of United States President, Donald Trump.
Sun was the largest individual purchaser of the $TRUMP memecoin and also the largest individual purchaser of the WLFI token issued by Trump-founded World Liberty Financial.
World Liberty also named Sun as an advisor to the project.
Subsequently, the SEC requested a stay in the case, leading to frequent accusations of Sun-Trump corruption centered around their extensive financial relationship.
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Crypto World
Ethereum ETFs hit three-week high inflows, will ETH price break $2,400?
Spot Ethereum exchange-traded funds drew in $138.2 million in net inflows over the past day, their highest single-day inflows since Feb. 25.
Summary
- Spot Ethereum ETFs recorded $138.2 million in daily inflows, marking their highest since late February and extending a six-day inflow streak.
- Institutional demand strengthened amid Bitmine’s continued ETH accumulation, with Fundstrat’s Tom Lee calling a potential market bottom near $2,150.
- ETH price traded near $2,328, with price approaching a breakout above $2,400 as markets await the Federal Reserve rate decision.
According to data compiled by SoSoValue, BlackRock’s ETHA led the inflows of the day with $81.7 million entering the fund. The largest investment manager’s Staked ETH ETF (ETHB) followed with $67.2 million in net inflows.
More modest inflows came from Grayscale’s ETH and ETHE funds, which drew in $15.4 million and $9.4 million, respectively. Part of these gains were offset by Fidelity’s FETH, which experienced $35.4 million in withdrawals.
The latest inflows extend the investment products’ inflow streak to six straight days during which they managed to pull in over $385 million from investors. On a weekly basis, Ethereum ETFs have entered their fourth positive week, attracting nearly $440 million in total.
The surge in institutional interest comes as Bitmine, the leading Ethereum treasury company chaired by Fundstrat’s Tom Lee, continues its aggressive ETH accumulation strategy amid broader macroeconomic and geopolitical uncertainty rising from the Middle East.
Meanwhile, Lee has recently called a market bottom for Ethereum after it fell to a local low of $2,150 on Monday, suggesting that the recent pullback may have marked the end of the short-term downtrend and could pave the way for a recovery.
At press time, Ethereum (ETH) price was trading sideways at $2,328 after bulls failed to break past the $2,400 resistance on Tuesday.
Markets now appear to be awaiting the Federal Reserve interest rate cut decision scheduled to be revealed later today. It is largely expected that the Federal Open Market Committee (FOMC) will choose to hold interest rates steady in the current range of 3.5% to 3.75%, with CME FedWatch Tool data showing odds of over 98% for a pause.
On the 4-hour chart, ETH price has been trading within an ascending parallel channel pattern that it has respected since mid-February this year. A breakout from the upper trendline of the pattern has historically signaled a positive reversal in momentum. At press time, the ETH price was close to breaking out from that upper side.

Ethereum price has crossed the middle band of the Bollinger Bands at $2,261 and was closing in towards the $2,435 level, which marks the upper band of the technical indicator.
Hence, ETH price eyes a break above the $2,400 psychological resistance, bound to $2,435 next. This rally could then extend to as high as $2,751 if bullish momentum lasts. That target is calculated by adding the height of the ascending channel formed to the point at which the breakout occurs.
Meanwhile, failure to hold the $2,262 support, which forms the middle band, will likely see the price retreat toward the lower trendline of the current channel.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Ripple (XRP) Price Predictions for This Week
XRP just tested the key $1.6 resistance level. Can it break it?
Ripple (XRP) Price Predictions: Analysis
Key support levels: $1.4
Key resistance levels: $1.6
XRP is Challenging the Key Resistance
As expected, XRP has rallied all the way to the key resistance at $1.6. Buyers tried to break this level, but sellers returned to defend it. At the time of this post, the price is found in a pullback as it consolidates under this level.
Buyers will need more force and momentum if they want to break this resistance. That becomes possible if the volume increases, since so far, volume levels have been rather flat. This shows some hesitation here from market participants.
Is a Reversal Possible?
If bulls can turn $1.6 into key support, then this downtrend is likely over, and a sustained reversal will follow, sending XRP back to $2 and beyond. However, this price action remains too uncertain to be confident about such an outcome.
Should the overall market remain bullish with Bitcoin moving above $75k, then XRP has a good shot at higher levels. On the other hand, if the market remains flat, then XRP will also struggle to move above $1.6.
RSI Bullish Cross
On the weekly chart, the RSI just made a bullish cross, which is an early signal that a major reversal could be ahead of us. While this is still early, a price above $1.6 would confirm this breakout and see buyers return in force.
Best to be patient here and let the price develop to build confidence. Ideally, the RSI will continue to make higher highs, which would be a clear signal that sellers have lost control.
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Crypto World
Market Analysis: GBP/USD Struggles While USD/CAD Builds Upside Momentum
GBP/USD started a fresh decline below 1.3300. USD/CAD is consolidating gains and might aim for a fresh increase above 1.3750.
Important Takeaways for GBP/USD and USD/CAD Analysis Today
· The British Pound started another decline from 1.3500.
· There is a key bearish trend line forming with resistance at 1.3305 on the hourly chart of GBP/USD at FXOpen.
· USD/CAD is showing positive signs above the 1.3660 support zone.
· There is a key bullish trend line forming with support at 1.3610 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above 1.3500. The British Pound started a fresh decline and traded below 1.3400 against the US Dollar.
The pair even traded below 1.3300 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3200 level. The recent swing low was formed at 1.3198, and the pair is now consolidating losses.

On the upside, the pair is now facing hurdles near the 23.6% Fib retracement level of the downward move from the 1.3483 swing high to the 1.3198 low at 1.3265.
The first major breakout zone for a recovery wave could be near a key bearish trend line at 1.3305 and the 50-hour simple moving average. The next key pivot zone sits near the 50% Fib retracement at 1.3340. A close above 1.3340 could open the doors for a move to 1.3415. Any more gains might send the pair toward 1.3500 in the coming days.
If there is a fresh decline, initial support on the GBP/USD chart sits at 1.3200. The next major area of interest could be 1.3165, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3050.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair formed a strong base above 1.3500. The US Dollar started a fresh increase above 1.3600 and 1.3650 against the Canadian Dollar.
The bulls pushed the pair above the 1.3680 and 1.3700 levels. The pair cleared the 50-hour simple moving average and settled above 1.3700. A high was formed at 1.3741, and the pair is now consolidating gains.

There was a minor pullback, but the pair remained stable above 1.3700 and the 23.6% Fib retracement level of the upward move from the 1.3525 swing low to the 1.3741 high.
The first key support is near the 50-hour simple moving average at 1.3660 and the 50% Fib retracement. The main breakdown zone seems to be forming near a key bullish trend line at 1.3610 on the same USD/CAD chart.
A downside break below the 1.3610 could push the pair further lower. The next key area of interest might be 1.3525, below which the pair might visit 1.3440.
If there is another increase, the pair might face hurdles near 1.3740. A clear upside break above 1.3740 could start another steady increase. In the stated case, the pair could test 1.3780. A close above 1.3780 might send the pair toward 1.3850. Any more gains could open the doors for a test of 1.4000.
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Crypto World
Bitcoin ETF Inflow Streak Near October Run, Yet Totals Lag
Bitcoin spot ETFs in the United States extended their inflow streak to seven consecutive days on Monday, marking the longest run of fresh capital since late 2025. Data compiled by SoSoValue show spot BTC ETFs adding $199.4 million, lifting the seven-day sum to roughly $1.2 billion. The persistence of inflows signals renewed institutional interest in regulated access to crypto exposure, even as total year-to-date (YTD) inflows remain negative when measured against earlier peaks. In parallel, the broader crypto ETF ecosystem posted mixed but resilient momentum across assets, underscoring a cautious but steady reallocation toward crypto-linked vehicles.
Within the same framework, total trading volumes for spot BTC ETFs slipped to about $2.6 billion, while assets under management (AUM) climbed to $96.7 billion. The dynamic suggests that new money is entering through regulated vehicles, but the macro cadence of inflows remains softer than the high-water marks seen in late 2025. The year-to-date balance continues to tilt negative, with roughly $1.8 billion in cumulative monthly outflows offset by about $1.7 billion in cumulative inflows. The divergence highlights that while the appetite for regulated crypto access persists, investors are weighing risk, regulatory clarity, and the path to profitability as markets evolve.
The rebound in Bitcoin ETFs coincides with broader strength in crypto investment products. Across the sector, crypto exchange-traded products (ETPs) accrued about $2.7 billion over the previous three weeks, lifting year-to-date inflows to around $1.2 billion, according to data cited in industry trackers. The pattern aligns with a gradual reset in risk sentiment as investors reassess the trajectory of mainstream crypto assets, seeking diversified exposure through regulated structures rather than direct custody. The momentum also underscores ongoing demand for bottom-line transparency and on-ramp infrastructure, amid shifts in macro liquidity and regulatory expectations.
Key takeaways
- Bitcoin spot ETFs added $199.4 million on Monday, extending a seven-day inflow streak to about $1.2 billion and signaling renewed institutional appetite for regulated access to BTC exposure.
- Ether ETFs drew $138.3 million—the strongest weekly print since March 4—while Solana ETFs brought in $17.8 million, marking the largest weekly inflows for SOL in the same period.
- XRP ETFs posted $4.64 million in inflows for the period, the first positive print after an eight-day losing streak, even as overall XRP ETF outflows totaled $56.8 million from March 5–16.
- Bitcoin ETFs remain the standout driver of the trend, with total assets under management near $96.7 billion and weekly volumes pacing at a subdued level relative to previous peaks.
- Ether ETFs continue to lag on a year-to-date basis, ceding $364.5 million in net outflows YTD after inflows of $358.5 million in March and earlier outflows in January and February.
Tickers mentioned: $BTC, $ETH, $XRP, $SOL
Sentiment: Neutral
Market context: The ETF rebound mirrors a broader, cautious reacceleration in crypto investment products, with multi-week inflows suggesting a measured return of interest from institutions and a willingness to diversify exposures through regulated vehicles as volumes trend modestly higher and risk sentiment improves.
Why it matters
The sustained inflows into spot BTC ETFs, and the broader uptick across Ether and Solana products, point to a disciplined market response to evolving regulatory clarity and infrastructure. Investors appear to be seeking regulated entry points to digital assets, balancing the desire for crypto exposure with risk controls, liquidity standards, and clear reporting. The seven-day BTC inflow run, coupled with an AUM near $97 billion, underscores that institutions remain willing to place capital into products that offer price discovery, custody guarantees, and transparent settlement frameworks.
At the same time, the divergence between Bitcoin’s robust ETF inflows and Ether’s persistent YTD outflows highlights a nuanced allocation dynamic among asset classes within crypto. While BTC remains the marquee entry for many institutions, Ether’s ongoing pressure may reflect a combination of concerns about network congestion, macro capital allocation, and regulatory posture around major ETH-related developments. The Solana narrative—its best weekly inflow in this cycle—adds a complementary vector, suggesting that select layer-1 ecosystems with active developer activity and practical use cases continue to attract capital through dedicated ETFs.
In a broader sense, the data point to a maturing market for regulated crypto exposure. As more assets gain ETF and ETP coverage, the space benefits from standardized liquidity, clearer valuation references, and the ability to participate in professional portfolios without direct custody. Yet the year-to-date performance gap—with Ether ETFs in negative territory and XRP experiencing mixed inflows—serves as a reminder that the sector remains sensitive to macro shifts, regulatory signals, and shifting risk appetites among sophisticated buyers and fund managers.
What to watch next
- Next week’s BTC ETF inflow data: Will the seven-day streak extend further, and how will AUM adjust in response to price volatility?
- Ether ETF performance: Will the YTD outflows abate, and can ETH-based products reclaim momentum as network fundamentals improve?
- Solana ETF flows: Monitor whether SOL continues to post outsized weekly inflows, signaling renewed appetite for ecosystem exposure.
- XRP ETF trajectory: Track subsequent inflows/outflows after the March period, as regulatory clarity and market sentiment evolve.
- Regulatory and product developments: Any new approvals or structural changes to US crypto ETFs that could alter investor demand.
Sources & verification
- SoSoValue data on US BTC spot ETF inflows and seven-day totals, including the $199.4 million print on Monday.
- SoSoValue asset page for US BTC spot ETFs: https://sosovalue.com/assets/etf/us-btc-spot
- Three-week crypto ETP inflow flow data referenced in market coverage: https://cointelegraph.com/news/crypto-etp-1-billion-inflows-three-straight-weeks-gains
- Past inflow reference for the October 2025 run and related context: https://cointelegraph.com/news/bitcoin-etfs-record-6-day-inflow-streak-longest-since-october
- Crypto ETF and asset mix commentary noting Ether ETF underperformance and SOL inflows: https://cointelegraph.com/news/bitcoin-rebound-bernstein-long-term-holder-base
ETF inflows persist as spot BTC ETFs extend seven-day streak
Bitcoin (CRYPTO: BTC) has continued to draw institutional interest as US spot BTC ETFs record their seventh straight day of inflows, lifting the weekly total to around $1.2 billion. The latest $199.4 million addition arrived on Monday, reinforcing a narrative of growing comfort with regulated exposure to digital assets within portfolio allocations. While the pace of fresh money remains well short of the lofty peaks seen during the October 2025 surge, the pattern matters for liquidity and price discovery in a market that has historically been driven by spot demand, futures hedging, and macro liquidity cycles.
Across altcoins, the appetite looks uneven but constructive. Ether (CRYPTO: ETH) led inflows among non-Bitcoin ETFs with about $138.3 million, the strongest weekly print since early March. Solana (CRYPTO: SOL) followed with approximately $17.8 million, marking the largest weekly inflow for SOL in the current cycle. XRP (CRYPTO: XRP) posted $4.64 million in fresh inflows after an eight-day stretch of outflows, signaling a potential re-engagement with regulatory-friendly exposure to ripple-linked assets. Despite the upticks, XRP ETFs still faced a net outflow of $56.8 million for the March 5–16 window, underscoring that investor sentiment remains split across the crypto spectrum.
Overall, Bitcoin ETFs have been the most durable source of capital, with total assets under management approaching $96.7 billion and trading volumes hovering around the $2.6 billion mark for the latest reporting period. In contrast, Ether ETFs are underwater for the year, with approximately $364.5 million in net outflows so far in 2026, following March inflows of $358.5 million and earlier sizeable movements in January and February. The broader market narrative—driven by ongoing institutional testing of regulated exposure, macro liquidity, and the evolving crypto regulatory landscape—remains a critical factor shaping flows across BTC, ETH, XRP, and SOL.
As the sector recalibrates, market participants are watching whether the flow environment remains constructive, particularly given the resilience seen in three straight weeks of positive crypto ETP inflows. The data points, while not guaranteeing sustained rallies, do suggest a continued willingness to explore crypto exposure through regulated vehicles, a trend that could influence pricing dynamics, risk management strategies, and the pace of product innovation in the months ahead. The coming weeks will be telling as new data illuminate the balance between cautious optimism and the persistent volatility that characterizes crypto markets.
Crypto World
Solana Crypto Stablecoin Liquidity Hits Record Highs as Open Interest Climbs
Solana just set a new stablecoin liquidity record. Supply surged past $15.58 billion in February.
At the same time, Open Interest climbed from $4.9 billion to nearly $6 billion in a matter of weeks. That is $1 billion in fresh leverage entering the system while sideline capital sits at all-time highs.
Transaction volumes are up 300% year-over-year. This is real settlement activity, not just speculative rotation.
But the leverage building underneath is the real story. Massive dry powder plus rising derivative exposure is exactly how volatility squeezes get built.
Stablecoin Liquidity Signals Dry Powder: What the Data Shows
Solana’s stablecoin dominance is the foundation of this entire setup.
USDC transfer volume on the network jumped 300% year-over-year. And the median transaction fee stayed near $0.00047 throughout that volume spike.
Solana now holds roughly 36% of global stablecoin transaction volume. That is not a vanity metric. Stablecoins sitting on-chain represent potential buy pressure that does not need to bridge in from anywhere else.

The derivatives side is where it gets dangerous.
Open Interest climbed 22% in a short window, from $4.9 billion to nearly $6 billion. Fresh capital is entering, not just short covering. That validates the trend but also loads the gun for a liquidation cascade.
XRP flipped BNB in open interest right before a major volatility event. High OI is always a double-edged sword.
Watch funding rates closely. If OI pushes above $6 billion while price consolidates, a 5% move in either direction could trigger $500 million in liquidations.
The floor is strong. The ceiling is loaded. Something is going to give.
Can Solana Crypto Price Push Higher? Key Levels to Watch
SOL is printing higher highs and higher lows. Buyers are defending strength instead of fading it. The structure is constructive.
But $100 to $110 is the wall that matters.
If stablecoins rotate into risk assets and SOL clears $110 with volume, the path to $125 opens up. The stablecoin supply sitting on-chain provides the fuel to sustain that move.
The danger is the OI acting as a heavy anchor. A rejection at $105 could trigger a long squeeze and flush over-leveraged positions fast. First major support lands at $88. Lose that and the structure weakens significantly.
Watch $105 on the daily. Close above it and the squeeze resolves upward. Lose $92 and the bullish leverage thesis falls apart.
Discover: The best new crypto in the world
The post Solana Crypto Stablecoin Liquidity Hits Record Highs as Open Interest Climbs appeared first on Cryptonews.
Crypto World
Stablecoin payments firm TransFi raises over $19M to expand services
Stablecoin payments infrastructure firm TransFi has raised $19.2 million to expand its operations.
Summary
- TransFi raised $19.2 million in a Series A round led by Turing Financial Group to expand its stablecoin-based cross-border payments infrastructure.
- The company plans to deploy the funds across emerging markets while strengthening regulatory licensing and scaling enterprise merchant adoption.
According to a recent announcement, the company raised $14.2 million in Series A equity along with a $5 million committed liquidity facility. The funding round was led by Turing Financial Group.
TransFi will use the capital to fund expansion across South-East Asia, South Asia, the Middle East, LatAm and Africa. It plans to pursue deeper regulatory licensing and scale its enterprise merchant acquisition.
A portion of the funds would also be used to strengthen AI-first operations and product development across B2B payments, checkout infrastructure and stablecoin orchestration.
“This Series A allows us to scale our infrastructure across high-friction markets and continue proving that stablecoin-enabled payments are not the future, they are already happening,” said Raj Kamal, Co-Founder and CEO of TransFi.
TransFi positions itself as an alternative to traditional correspondent banking and SWIFT-based systems and said it is on track to achieve roughly $5 billion in processed transaction volume by the end of fiscal year 2026. The company currently operates in over 70 countries and supports more than 40 fiat currencies and over 100 cryptocurrencies.
Stablecoin usage is rising
As previously reported by crypto.news, stablecoin supply has surpassed $315 billion, led by Tether, which continues to dominate the market by share. Other major players, such as Circle, have also expanded their presence across payments and financial applications.
A number of traditional financial firms, including Mastercard and Standard Chartered, have also taken an interest in the growing stablecoin sector.
Meanwhile, several jurisdictions across the globe have started introducing regulatory frameworks and legislation.
Crypto World
BTC price fails to penetrate $75,000 even after SEC, CFTC crypto guidance
U.S. regulators’ first joint guidance on applying securities laws to different types of crypto tokens failed to provide enough impetus to lift bitcoin , the largest, above $75,000.
The interpretive guidance from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which doesn’t carry the weight of a formal rule, classified crypto tokens into five distinct categories: digital commodities, digital collectibles, digital tools, stablecoins and digital securities, and removed a major source of market uncertainty.
The stance marks a shift from the existing case-by-case enforcement, making it clear which tokens are considered securities and which are not, and is expected to give issuers and exchanges much‑needed clarity on how different assets will be regulated under federal law.
“The practical effect is a more coherent and less burdensome regulatory environment. Legal uncertainty declines, the risk of retroactive enforcement is reduced, and compliance becomes more predictable,” Tagus Capital said.
“This supports institutional participation, exchange development, and product innovation, while improving market structure through lower compliance costs and better price discovery. Although the guidance stops short of binding law and still leaves room for case-by-case interpretation, it sets a strong template for future legislation and may accelerate global regulatory convergence.”
Even so, bitcoin was unable to build on this month’s bounce from $65,000, which at one point on Tuesday, saw the price approach $76,000. The cryptocurrency was largely unchanged over the past 24 hours.
Other major tokens such as XRP (XRP), ether (ETH) and solana (SOL) also saw choppy price action, with the CoinDesk 20 Index down 0.3%.
According to analysts, $75,000 is a key resistance level for bitcoin.
“On the upside, $75,400–$76,000 continues to act as resistance,” Vikram Subburaj, CEO of India-based crypto exchange Giottus said in an email. “Bitcoin needs to hold above this range to signal stronger momentum.”
One possible reason for the restraint could be the Federal Reserve’s interest-rate decision due later Wednesday. The U.S. central bank is widely expected to hold rates unchanged in the 3.5% to 3.75% range. This leaves traders focused less on the decision and more on the interest‑rate projections in the wake of the Iran war‑related energy price shock.
The rate decision, policy statement, and economic projections will hit the wires at 2 p.m. ET followed by Chairman Jerome Powell’s press conference a half hour later.
Crypto World
BTC/USD Analysis: Bitcoin Price Reaches March High
Yesterday, BTC/USD rose above the $75k level, thereby setting a new high for March. The last time Bitcoin traded at such levels was in early February.
Why is Bitcoin Rising?
Bitcoin’s appeal appears to be increasing due to a combination of factors, including:
→ ongoing military conflict in the Middle East;
→ expectations of rising inflation and upcoming Federal Reserve decisions on interest rates.
According to on-chain data, March has seen capital inflows into spot Bitcoin ETFs. At the same time, media reports indicate that major corporate players (notably MicroStrategy) have purchased approximately $1.57 billion worth of Bitcoin, creating strong organic demand.

Technical Analysis of BTC/USD
On 5 March, when analysing Bitcoin’s price movements within a broad descending channel, we:
→ noted that the bullish impulse at the beginning of March led to a breakout above the QL resistance line, as well as the psychological $70k level;
→ highlighted that the median line M could act as a barrier to further gains;
→ suggested a potential pullback scenario.
Indeed, since then (as shown by the red trajectory), Bitcoin has undergone a fairly deep correction, reversing lower from the M line. Notably, the QL line subsequently acted as support.
Trading volume analysis (based on Coinbase data) shows that:
→ on 13 March, bearish activity intensified, resulting in a long upper wick on a high-volume candle;
→ on 15–16 March, the price advanced alongside rising volumes, with candles closing near their highs.
This can be interpreted as strengthening demand: buyers are pushing sellers out of the $70–72k zone, which may serve as support in the near term.
Given the above, a continued upside scenario cannot be ruled out, in which Bitcoin maintains an upward trajectory within the blue channel.
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Crypto World
Market Analysis: EUR/USD Rebound Continues as USD/CHF Nears Key Inflection Point
EUR/USD is attempting a recovery wave from the 1.1400 zone. USD/CHF climbed higher above 0.7900 before it started a downside correction.
Important Takeaways for EUR/USD and USD/CHF Analysis Today
· The Euro declined toward 1.1400 before it started a recovery wave against the US Dollar.
· There was a break above a major bearish trend line with resistance at 1.1500 on the hourly chart of EUR/USD at FXOpen.
· USD/CHF climbed higher above 0.7850 and 0.7900 before it faced hurdles.
· There was a break below a bullish trend line with support at 0.7870 on the hourly chart at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below 1.1500. The Euro even declined below 1.1440 before the bulls appeared against the US Dollar.
The pair tested 1.1410 and recently started a recovery wave. There was a move above 1.1450 and 1.1480. The pair climbed above the 38.2% Fib retracement level of the downward move from the 1.1667 swing high to the 1.1410 low.

More importantly, there was a break above a major bearish trend line with resistance at 1.1500. The pair is now trading above 1.1520 and the 50-hour simple moving average. Immediate hurdle on the EUR/USD chart is near the 61.8% Fib retracement at 1.1570.
The first key breakout zone sits at 1.1605. An upside break above 1.1605 might send the pair toward 1.1665. Any more gains might open the doors for a move toward the 1.1700 zone. If there is a fresh decline, the pair might find bids near 1.1505.
The next major support is 1.1470. A downside break below 1.1470 could send the pair toward 1.1410. Any more losses might send the pair to 1.1360.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a decent increase from 0.7750. The US Dollar climbed above the 0.7800 handle against the Swiss Franc.
The bulls were able to pump the pair above the 50-hour simple moving average and 0.7850. Finally, the pair tested 0.7920. A high was formed near 0.7923 and the pair is now correcting some gains. The pair dipped below the 38.2% Fib retracement level of the upward move from the 0.7748 swing low to the 0.7923 high.

Besides, there was a break below a bullish trend line at 0.7870. On the downside, immediate support on the USD/CHF chart is near the 50% Fib retracement at 0.7835. The first key area of interest might be 0.7790.
A downside break below 0.7790 might call for a drop to 0.7750. Any more losses may possibly open the doors for a move toward 0.7720.
On the upside, the pair could struggle near 0.7875. The first major barrier for bulls is 0.7890. If there is a clear break above 0.7890 and the RSI climbs above 50, the pair could start another increase. In the stated case, it could test 0.7925.
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Crypto World
TRUMP rallies over 50% as Mar-a-Lago event drives whale activity
Whale activity around the Official Trump (TRUMP) token, which is tied to United States President Donald Trump, has hit a five-month high according to on-chain data.
Summary
- Whale wallets holding over 1 million TRUMP tokens have risen to a five-month high of 83, with combined holdings valued at around $3.7 million, according to Santiment.
- TRUMP price has climbed more than 50% from recent lows after a Mar-a-Lago luncheon announcement for top holders, though the token remains over 95% below its all time high.
According to Santiment, there are now 83 wallets that hold more than 1 million Official Trump (TRUMP) tokens. Collectively, these holdings amount to roughly $3.7 million worth of the tokens, marking the highest level recorded since Oct. 8 last year.
TRUMP has remained in a steady downtrend since the start of the year, but activity picked up pace after the project’s team announced a luncheon event at Trump’s Mar-a-Lago residence, where the U.S. president is expected to host top token holders.
Beyond the main event, those ranked among the top 297 holders are eligible to attend, while the top 29 wallets will qualify for a private reception with the president, subject to background checks.
Several figures across the crypto sector are expected to take part in the gathering, which appears to have driven the recent surge in interest around the token.
Additional data from CoinCarp shows that TRUMP has 642,882 holders, though concentration remains heavily skewed. Over 91% of the supply is held by the top 10 wallets, while roughly 97% sits with the top 100 wallets.
TRUMP started rallying from multi-month lows near $2.7, climbing more than 50% to reach a peak of $4.35. As of press time, the token is up over 26% in the past 7 days, though it remains down more than 95% from its all time high of $73.43.
For TRUMP holders, this pattern is not new. Last year, a similar gala-style event was announced, which saw the token rally sharply in the lead-up.
However, after the initial momentum faded, the token entered a prolonged downtrend, and unless market conditions change meaningfully, the latest event could follow a similar trajectory.
Regulatory concerns remain
While the upcoming event has generated renewed interest among crypto participants, it is also likely to draw scrutiny in Washington, where lawmakers have continued to question whether such initiatives present conflicts of interest.
Last year, Democratic Senator Jon Ossoff called for Trump’s impeachment over the memecoin dinner, while Senators Elizabeth Warren and Adam Schiff urged ethics officials to review the president’s involvement with the event.
Meanwhile, Representative Sam Liccardo introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act in February 2025, seeking to bar federal officials and their families from issuing or promoting digital assets.
Similar concerns could resurface this time around, as lawmakers have already raised questions over potential foreign influence and financial interests tied to Trump-linked crypto ventures.
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