SEC has officially closed its investigation into Crypto.com, CEO says
The US Securities and Exchange Commission (SEC) has officially closed its investigation into Crypto.com, a popular cryptocurrency exchange, with no action taken against the company. This news was announced by the firm’s CEO, Kris Marszalek, who stated that the investigation had been ongoing for seven months before being closed.
Back in August, the SEC had issued a Wells notice to Crypto.com, indicating its intention to take legal action against the platform. This caused concern and uncertainty within the crypto community, as the SEC has been known to take a strict stance on cryptocurrency regulation.
Marszalek expressed his frustration with the investigation, stating that the SEC had used every tool at their disposal to try and hinder the growth of Crypto.com. This included restricting access to banking, auditors, and investors, in what he believes was an attempt to shut down the entire industry.
However, despite these challenges, Crypto.com persevered and even filed a lawsuit against the SEC in October. The lawsuit accused the commission of overstepping its authority and taking a misguided approach to regulating the crypto industry.
The fact that Crypto.com not only survived but also became stronger is a testament to the company’s vision and the support of its community. Marszalek shared this sentiment in a post on X, a social media platform, where he also announced the closure of the SEC investigation.
The news of the investigation being closed with no action taken against Crypto.com has been met with relief and celebration within the crypto community. Many see this as a win for the industry and a step towards more favorable regulation in the future.
This is a developing story, and more information will be added as it becomes available. In the meantime, Crypto.com continues to thrive and provide its users with a secure and reliable platform for trading and investing in cryptocurrencies.
If you want to stay updated on the latest news and developments in the crypto industry, be sure to subscribe to Crypto Biz Newsletter, a subscription service offered by Crypto.com. This will ensure that you never miss out on important updates and insights from the world of cryptocurrency.
Solana price struggles to flip $150 to support — Is the SOL bull market over?
Solana’s native token, SOL (SOL), faced a sharp 8% rejection after briefly touching $147 on March 25. For the past three weeks, SOL has struggled to reclaim the $150 level, which is leading traders to question whether the bullish momentum that was originally driven by memecoin speculation and the rise of artificial intelligence sectors has come to an end.Some analysts argue that SOL price could significantly benefit from the eventual approval of a Solana spot exchange-traded fund (ETF) in the United States, as well as the expansion of tokenized real-world assets (RWA) on the Solana network, including stablecoins and money market funds. Others, like Nikita Bier, co-founder of TBH and Gas startups, believe Solana has “the fundamental building blocks for something to break out on mobile.”Source: nikitabierBier highlighted the constructive regulatory environment from US President Donald Trump and the long-term impact of the memecoin frenzy, which introduced “millions” of new users to Web3 wallets and decentralized applications (DApps). Essentially, Nikita Bier believes Solana is well-positioned due to its streamlined onboarding experience for mobile users.The lackluster Bitcoin reserve announcement hurt all cryptocurrenciesDespite the potential for establishing a “consumer-grade” marketplace for DApps, most traders suffered losses as the memecoin mania faded and onchain volumes plunged. This decline has led investors to question whether SOL has the strength to reclaim levels above $150. Beyond the waning interest in DApps, Solana is also facing growing competition from other blockchains.Additionally, the realization that the US government would not purchase altcoins for its strategic reserve and digital asset stockpile was a major disappointment for some investors. On March 6, President Trump signed a bill allowing budget-neutral strategies for the US Treasury to acquire Bitcoin (BTC), while altcoins in government possession could be strategically sold. In fact, there was no explicit mention of Solana or any other altcoin in the Digital Asset Stockpile executive order.Some may argue that the Solana ecosystem extends far beyond memecoin trading and token launchpads, as total value locked (TVL) has grown across liquid staking, collateralized lending, synthetic assets, and yield platforms. However, Solana’s fees and DApp revenues have continued to decline. Reduced onchain activity reduces SOL’s appeal to investors, thus limiting its upside potential.Solana 7-day DApp revenues (left) and chain fees (right), USD. Source: DefiLlamaSolana DApp revenues totaled $12 million in the seven days leading up to March 24, down from $23.7 million just two weeks earlier. Similarly, base layer fees reached $3.6 million in the same period, a sharp drop from $6.6 million in the seven days ending March 10. Interestingly, this decline occurred while the total value locked (TVL) remained stable at 53.2 million SOL.Related: Specialized purpose DEXs poised for growth in 2025 — Curve founderSolana is no longer the dominant network in DEX volumesThe drop in Solana’s onchain activity is particularly concerning given that BNB Chain surged to the top spot in DEX volumes, despite having 34% less TVL than Solana, according to DefiLlama data.Decentralized exchanges volume market share. Source: DefiLlamaIn terms of volume, Solana dominated the DEX industry from October 2024 to February 2025 but has recently lost ground to Ethereum and BNB Chain. As a result, part of SOL’s price weakness stems from a decline in Solana’s onchain activity compared to its competitors. For instance, trading volume on Hyperliquid increased by 35% over the past seven days, while activity on Pendle surged by an impressive 186%.Although fundamentals do not indicate an imminent rally above $150, the Solana network uniquely combines an integrated user experience with a degree of decentralization that has proven successful. For example, while BNB Chain and Tron offer similar scalability, neither has had a wallet or DApp rank among the top 10 on the Apple App Store—unlike Solana’s Phantom Wallet in November 2024.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
3 reasons why Bitcoin price can’t take out the $90K resistance level
Since reaching a weekly high of $88,752 on March 24, Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame chart. As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the end of Q1. Bitcoin 1-hour chart. Source: Cointelegraph/TradingViewWhat is keeping Bitcoin under $90K?One major reason for Bitcoin’s current price struggles is constant sell-side pressure from short-term holders (STHs) or investors holding coins for less than 155 days. Glassnode’s “The Week On-chain” newsletter noted that the current Bitcoin cycle has witnessed a “top heavy” market where investors who purchased BTC at higher prices hold a significant portion of Bitcoin’s supply. As a result, the STH cohort have become the primary group facing the largest price drawdown since Bitcoin’s 30% correction from its all-time high. In the report, Glassnode analysts said,“Volume of Short-Term Holder supply held in loss surging to a massive 3.4M BTC. This is the largest volume of STH supply in loss since July 2018.”Bitcoin total supply in loss held by STHs. Source: GlassnodeThe selling pressure faced by the short-term holders is reflected in Bitcoin’s accumulation trend score. Bitcoin’s accumulation trend score, a metric that quantifies selling pressure, remained below 0.1 since BTC price dropped from $108,000 to the $93,000-$97,000 range. A score under 0.5 signals distribution (selling) instead of accumulation, and a sub-0.1 value highlights intense selling pressure.Another reason Bitcoin has struggled to break through the $90,000 threshold is due to the contraction of liquidity conditions. Data suggests that onchain transfer volumes have dropped to $5.2 billion daily, a steep 47% decline from the peak during the rally to all-time highs. Similarly, the active address count has also decreased by 18%, dropping from 950,000 in November 2024 to 780,000.At the same time, the open interest (OI) in the BTC futures market dropped 24% from $71.85 billion to $54.65 billion, with the perpetual futures funding rates also cooling down. This deleveraging and liquidity contraction—combined with only 2.5% of the total supply moving in profit during the correction—limits the market’s capacity to rally past $90k since there are insufficient buy orders to absorb sell orders.Related: Bitcoin price prediction markets bet BTC won’t go higher than $138K in 2025New demand for Bitcoin continues to fallGlassnode data also highlighted that the current BTC bull cycle lacks new demand (buyers) entering the market, with the Cost Basis Distribution (CBD) Heatmap showing supply concentration at higher price levels ($100K-$108K) but no significant influx of buyers at lower levels to drive a price recovery. Bitcoin Euphoria Zone, Top Buyer Cost Basis. Source: GlassnodeThe lack of demand factor is compounded by macroeconomic uncertainty, which has discouraged new investors, as seen in the transition to net capital outflows when the 1-week to 1-month STH cost basis fell below the 1-month to 3-month cost basis. However, Glassnode analysts said,“The flip side of these observations is that the Long-Term Holder cohort still retains a substantial portion of the network wealth, holding almost 40% of invested value.”Essentially, these periods of prolonged accumulation can eventually constrict the supply and lead to better conditions for a new wave of demand once a stronger uptrend is established in the market. Related: Would GameStop buying Bitcoin help BTC price hit $200K?This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ex-FTX CEO moved to transit facility after interview
Former FTX CEO Sam “SBF” Bankman-Fried has been moved to a transit facility by officials with the Federal Bureau of Prisons, just days after his controversial interview with Tucker Carlson. The move comes as Bankman-Fried continues to appeal his conviction and 25-year prison sentence for seven felony charges.
According to the Federal Bureau of Prisons website, Bankman-Fried is now being housed at the Federal Transfer Center (FTC) in Oklahoma City. This suggests that he may be transferred from the facility where he has been awaiting trial and appealing his conviction.
The move comes after Carlson’s remote interview with Bankman-Fried from the Metropolitan Detention Center (MDC) in Brooklyn on March 5. The interview, which was reportedly unsanctioned, resulted in Bankman-Fried being sent to solitary confinement.
The reason for the move to the Oklahoma transit facility is currently unclear. After his conviction in 2023 and sentencing in 2024, a federal judge recommended that Bankman-Fried remain in the New York area to assist with his appeals process. He was briefly transferred to FTC Oklahoma City in May 2024 before being returned to MDC Brooklyn.
Since his bail was revoked in August 2023 for allegedly attempting to intimidate witnesses, Bankman-Fried has been housed in various facilities. According to the Federal Bureau of Prisons, he was set to be released in November 2044, but his behavior in prison could potentially lead to an earlier release.
This is a developing story and more information will be added as it becomes available. Stay tuned for updates on Bankman-Fried’s situation and his ongoing legal battle.
Robinhood offers to Uber cash to customers and have AI give trading advice
Trading platform Robinhood Markets plans to offer a service that delivers cash to its customers alongside an artificial intelligence research assistant that offers trading advice.The company said in a March 27 blog post that its online banking arm, Robinhood Banking, will offer savings accounts to its Gold subscribers through its partner Coastal Community Bank and will be given the option to have physical cash delivered on demand.“You could be sitting at home and decide to get a cash delivery the same way you’d want to order an Uber or a Postmates,” Robinhood Markets CEO Vlad Tenev said during a livestreamHe added there are already home delivery services for groceries and meals, but banking still “hasn’t progressed that much past the branch office and the ATM.”https://t.co/oGJ630tmI2— Robinhood (@RobinhoodApp) March 27, 2025“In the past, cash delivery was a service that some private bankers offered to their high-end customers. It wouldn’t work exactly like this, though. The cash would be a much larger amount and would usually make its way to you in an armored vehicle,” he said.The service terms and conditions state that the delivery service coverage is based on geographic location and that travel routes may be limited without mentioning who the drivers are or how they’re selected.Robinhood’s concept for its planned cash delivery service. Source: RobinhoodThe firm also has plans for a platform called Robinhood Strategies, offering a mix of single stocks and exchange-traded funds (ETFs).Later this year, the firm said it will launch an AI-powered research assistant called Cortex for its $5 a month Gold subscribers that can provide analyses and insights about market trends and stocks to consider trading.Tenev said the firm spoke to traders about what would give them a better edge in stock trading and then spent two years developing Cortex, keeping their feedback in mind.Related: Robinhood to pay $30M to settle US regulator probesRobinhood product management vice president Abhishek Fatehpuria added that the firm is looking to bring cryptocurrencies to the platform at some point in the future.Robinhood has been expanding its footprint in emerging asset classes, including crypto and derivatives. The platform launched a prediction betting markets hub on March 17, which sent its stock surging by 8%.Robinhood Markets (HOOD) closed the March 26 trading day down 7.1% at $44.73, which continued to fall an additional 2.84% after hours, according to Google Finance.On March 13, the company listed memecoins like Pengu (PENGU), Pnut (PNUT) and Popcat (POPCAT) in a bid to expand its presence in crypto. In January, it rolled out futures contracts tied to cryptocurrencies such as Bitcoin (BTC).Magazine: What are native rollups? Full guide to Ethereum’s latest innovation
Hyperliquid JELLY ‘exploiter’ could be down $1M, says Arkham
The trader behind recent “suspicious market activity” on Hyperliquid that led to the freeze and delisting of the Jelly my Jelly (JELLY) memecoin is potentially down almost $1 million from their actions. Blockchain analytics firm Arkham Intelligence said in a March 26 post to X that the trader attempted to manipulate the system to profit from price movements, withdrawing collateral before Hyperliquid’s liquidation system could catch up.The trader opened three accounts within five minutes of each other, two with $2.15 million and $1.9 million long positions, and the third a $4.1 million short, to cancel out the long positions, according to Arkham in a post-mortem report. “This allowed him to build up leverage in an attempt to drain funds from Hyperliquid,” Arkham said.Source: ArkhamWhen the price of Jelly pumped by over 400%, the $4 million short position entered liquidation, but the open short didn’t liquidate immediately because it was too large and instead passed to the Hyperliquidity Provider Vault (HLP), which is supposed to liquidate the position.At the same time, the trader withdrew collateral from the other two accounts while having a “7-figure positive PnL to withdraw from,” Arkham said.However, the “exploiter” quickly hit a wall when the accounts, which still had millions in unrealized profit and loss, were restricted to reduce-only orders, forcing them to sell the tokens in the first account on the market to recoup some of the funds.Source: ArkhamHyperliquid eventually closed the Jelly token market at a price of 0.0095, the same price as the trader’s short trade, which “zeroed out all floating PnL on the first two exploiter accounts.”In total, Arkham says the trader withdrew $6.26 million, but at least $1 million is still in the accounts.“Assuming he can withdraw this at some point in the future, his actions on Hyperliquid have cost him a total of $4,000. If he is unable to, he faces a loss of almost $1 million,” the blockchain analytics firm said.Hyperliquid has since delisted perpetual futures tied to the JELLY token, citing evidence of suspicious market activity. Other traders have been using similar tactics This isn’t the first time Hyperliquid has had issues like this. On March 14, Hyperliquid increased margin requirements for traders after its liquidity pool lost millions of dollars during a massive Ether (ETH) liquidation.Related: Bitget CEO slams Hyperliquid’s handling of “suspicious” incident involving JELLY tokenA whale trader intentionally liquidated a roughly $200 million Ether long position on March 12, causing HLP to lose $4 million while unwinding the trade. Traders have also begun hunting whales on the platform, targeting prominent leveraged positions in a “democratized” attempt to liquidate them.Magazine: What are native rollups? Full guide to Ethereum’s latest innovation
Resolution to kill IRS DeFi broker rule heads to Trump’s desk
The US Senate has taken a major step towards protecting the decentralized finance (DeFi) industry by passing a resolution to kill a controversial rule that would have required DeFi protocols to report to the Internal Revenue Service (IRS). This resolution, which has now been sent to US President Donald Trump’s desk, aims to prevent the expansion of existing IRS reporting requirements to include crypto assets.
The rule, known as the IRS DeFi broker rule, was introduced by the Biden administration and has faced significant backlash from the crypto community. It would have required DeFi protocols to report user information to the IRS, potentially compromising the privacy and security of DeFi users.
On March 26, the Senate voted 70-28 in favor of the resolution, with bipartisan support. This follows an earlier vote in March, where the resolution was passed by the Senate but was sent back for a final vote before being sent to Trump. The House also voted in favor of the resolution.
The White House’s AI and crypto czar, David Sacks, has publicly stated that Trump supports killing the rule. This is a significant win for the DeFi industry, as it shows that the government is listening to the concerns of the crypto community and taking steps to protect their interests.
This resolution is a crucial development for the DeFi industry, which has been growing rapidly in recent years. DeFi protocols allow for decentralized lending, borrowing, and trading of digital assets, providing users with more control and autonomy over their finances. The industry has faced regulatory challenges in the past, but this resolution is a positive step towards creating a more favorable environment for DeFi to thrive.
It is important to note that this is a developing story, and more information will be added as it becomes available. However, the passing of this resolution is a significant victory for the DeFi industry and a clear indication that the government is taking steps to support and protect the crypto community.
In conclusion, the US Senate’s decision to pass this resolution is a major win for the DeFi industry and a testament to the power of community advocacy. It is a step towards creating a more favorable regulatory landscape for DeFi and ensuring the continued growth and innovation of this important sector.
Dogecoin (DOGE) price set for 55% rally if this trend keeps up
Dogecoin (DOGE) price has rallied 18% over the past three days, and it is currently the best-performing crypto among the top 30 by market capitalization over the past week. Data also shows DOGE producing its highest weekly returns of 2025, a feat not seen since the final week of 2024. Dogecoin weekly chart. Source: Cointelegraph/TradingView7% of DOGE supply is clustered around $0.20According to the onchain data from Glassnode, DOGE’s unrealized price distribution (URPD) shows 7% of the DOGE supply is concentrated at $0.20. URPD is a metric that reflects the price at which coins were last moved, and it allows investors to identify resistance and support zones based on token clusters. Dogecoin URPD data by Glassnode. Source: X.comWith a significant concentration at $0.20, Glassnode implied that the price level could potentially act as a resistance level. Although, the analytics firm added, “If $0.20 is breached, there’s little Dogecoin supply until $0.31 – the next major URPD cluster. This gap raises the probability of a sharp leg higher, as there’s not much resistance in between. Watch for breakout momentum if volume picks up.”A breakout push toward $0.31 highlights the potential for a substantial 55% surge from its $0.20 level, paving the way for a bullish market structure on the high time frame (HTF) chart.After $0.20, DOGE’s next resistance level lies between $0.32-$0.41, where the 3 to 6-month HODL waves reside. These HODL waves represent where investors bought DOGE in January. This might also act as a sell ceiling as some traders might look to exit their positions at break even. Related: Bitcoin price has 75% chance of hitting new highs in 2025 — AnalystDogecoin breaks through a difficult bearish trendlineOn March 24, House of Doge announced the launch of “The Official Dogecoin Reserve” with an initial purchase of 10 million DOGE tokens. The current rally occurred at the back of this news, creating a positive sentiment in the Dogecoin community. House of Doge, the newly formed corporate wing of the Dogecoin foundation, stated in a press release, “With a strategic reserve, House of Doge is laying the foundation for a payments ecosystem that ensures liquidity, stability, and reliability.”However, the foundation indicated that the purchased tokens have yet to be transferred to its holding account. House of Doge said they would provide the Reserve address on their website to uphold transparency once the transaction is complete. In light of its price breakout, Trader Tardigrade noted that Dogecoin had breached a three-month descending trendline that formed over the course of 2025. Dogecoin analysis by Trader Tardigrade. Source: X.comThis could potentially have a short-term bullish implication for DOGE price, as the token looks set for a relief rally over the next few days. Related: Solana’s ‘early stage bull market’ hints at 65% SOL price gains by AprilThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Celo becomes Ethereum L2 with Optimism rollup implementation
Celo, the blockchain network launched in 2020, has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.Celo announced the successful transition in a March 26 X post, stating that “Celo is officially an Ethereum layer 2” protocol. In the thread, the organization claimed the new protocol features one-second blocks, sub-cent transaction costs, and Tether’s USDt (USDT) and USDC (USDC) as gas.Celo first proposed this transition in the summer of 2023, and it is now completed after block production on the old layer-1 platform halted and continued on the new network. The new platform is based on the OP technology stack and an optimistic rollups implementation.Source: CeloRelated: Vitalik Buterin endorses Celo for beating Tron in stablecoin addressesOptimism-based architectureBlockchain rollups are layer-2 scaling solutions designed to bundle multiple transactions off the main blockchain, reducing congestion and lowering transaction fees. Optimistic rollups owe their name to their assumption that offchain transactions are valid by default, only resorting to fraud proofs during a challenge period if discrepancies are detected on the main chain.Marek Olszewski, CEO of Celo developer cLabs, told Cointelegraph that “migrating to an Ethereum L2 enhances Celo’s security and scalability.” He added:“Celo transactions are now anchored to Ethereum, inheriting its battle-tested economic security and decentralization. Celo L2 also offers one-second block times and near-instant confirmations.“Related: A beginner’s guide to understanding the layers of blockchain technologyLeveraging Ethereum’s network effectsIrfan Shaik, founder of rollup protocol Interstate, also recognized the change as positive for the protocol. He highlighted that Ethereum “has the greatest network effects of any chain,” adding:“Layer 1s with liquidity fragmentation can instead tap into the largest pool of liquidity available, the ETH layer 1s.“Olszewski also shared his enthusiasm over the transition to the OP tech stack, saying it allows for “deeper composability with Ethereum-native apps and protocols.” The new system is also significantly simplified, with 365,000 fewer lines of code — decreasing attack surface and, according to him, leading to a lighter, cleaner and faster codebase.He also highlighted that the upgrade preserved Celo’s near five-year chain history and was carried out in a trustless manner. The token was also moved to the Ethereum blockchain, which Olszewski pointed out should sensibly increase its liquidity. He explained:“What this means is that Celo becomes a fully-aligned Ethereum layer 2 — by architecture, by ecosystem and by mission.“Magazine: What are native rollups? Full guide to Ethereum’s latest innovation
Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’
The crypto-friendly Custodia Bank has worked with Vantage Bank to complete what the two firms say is “America’s first-ever bank-issued stablecoin” on a permissionless blockchain.Custodia said on March 25 that it tokenized US dollar demand deposits and facilitated the issuance, transfer and redemption of the stablecoin “Avit” on Ethereum via the ERC-20 token standard.“A new US dollar payment rail has now been activated inside the US banking system,” Custodia added.“We broke ground on the legal/regulatory front, proving that US banks can collaborate to tokenize demand deposits on a permissionless blockchain in a regulatorily-compliant manner,” said Custodia CEO Caitlin Long.Source: Caitlin LongVantage Bank CEO and President Jeff Sinnott said the event was a “pivotal moment in reshaping the financial landscape, demonstrating how blockchain and stablecoins can revolutionize payments.”In a series of posts on X, Long explained that the Avit stablecoin was a “real dollar” and not a “synthetic” dollar, as Federal Reserve Board Governor Christopher Waller called stablecoins in a Feb. 12 speech.“Real” US dollars, Long explained, can only be issued by the Federal Reserve and a few legally authorized entities, including Custodia Bank. She added that Avit is a “real dollar” as it tokenizes a bank’s demand deposit — funds that customers can withdraw on-demand, such as money in a checking account.Ethereum backers cheer Custodia’s chain choiceCustodia has historically championed Bitcoin, and Ethereum advocates were quick to note that the bank chose Ethereum for the stablecoin.“ETH fixed this. Bitcoin couldn’t,” wrote Ethereum advocate Evan Van Ness. Ethereum educator Anthony Sassano also posted to make clear the “permissionless blockchain” Custodia referred to in its announcement.“Just in case it wasn’t obvious, this is built on Ethereum.”Source: Matthew SigelRelated: Ethereum poised for record highs in Q1 2025, analysts predictEthereum secures over $125.8 billion worth of stablecoins on its network, nearly doubling the second-place Tron blockchain at $64.8 billion, DefiLlama data shows.Ethereum also tokenizes over $3.6 billion worth of US Treasury bills — seven times more than its next competitor, Stellar, at $465.7 million, according to RWA.xyz data.Magazine: Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana?