Bitcoin Coinbase premium returns — Is $90K BTC price in the cards?

The Bitcoin (BTC) Coinbase premium index reached its highest level since Feb. 20 after BTC prices rallied 5% on March 19.

Bitcoin’s Coinbase premium index. Source: CryptoQuant

Return of Coinbase premium highlights Bitcoin accumulation

The Coinbase premium index measures the price difference between Coinbase and Binance prices for BTC pairs, where a higher value signals US investors dictating stronger buying pressure. The index gauges US retail interest, but Woonminkyu, a verified analyst on CryptoQuant, said that it may also signal strong accumulation from US institutions and whales.

Coinbase premium analysis by Woominkyu. Source: CryptoQuant

The analyst explained that the 30-day EMA of the index crossed the 100-day EMA level, which implies the presence of large players. The analyst added,

“Past trends show that when this indicator rises, BTC bull markets tend to continue. High likelihood of an accumulation phase, making it a

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Venture capital firms invest $400M in TON blockchain

Update (March 20 at 4:41 PM UTC): This article has been updated to clarify that the token sale was not directed at the TON Foundation.

The Open Network Foundation, also known as TON Foundation, said several venture capital firms invested more than $400 million in the TON blockchain, signaling growing interest in the Telegram messaging ecosystem. 

Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network. 

TON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided.

TON blockchain is a decentralized network that supports the development of Mini Apps for the Telegram ecosystem. Although TON was initially developed by Telegram’s founders, it now operates as an independent chain. 

As of January,

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Trump becomes first US sitting president to speak at a crypto conference

US President Donald Trump is steadily aligning his administration with the crypto industry. On March 20, he addressed a community conference for the first time since being elected.

Speaking at the Blockworks Digital Asset Summit on March 20 in a pre-recorded statement, Trump reiterated that the US would take steps to ensure it is the “crypto capital of the world.”

The president lauded the recent regulatory shift in the crypto industry over the previous administration and added:

“Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike. You will unleash an explosion of economic growth.”

“With dollar-backed stablecoins, you will help expand the dominance of the US dollar for many, many years to come,” the president continued.

President Trump has signed several pro-crypto executive orders, including the Jan. 23 order commissioning the

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Trump says US will be 'Bitcoin superpower' as BTC price breaks 4-month downtrend

Bitcoin (BTC) sought to reinforce higher support at the March 20 Wall Street open as bulls broke out of a key downtrend.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Trump pledges to make US “Bitcoin superpower”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning above $86,000.

Now circling the daily open, Bitcoin continued to build on strength which came the day prior thanks to encouraging macroeconomic signals from the US Federal Reserve.

Rumors of a further announcement on crypto by the US government administration helped BTC price action to reach two-week highs.

President Donald Trump was due to deliver virtual remarks on the third day of the Blockworks Digital Asset Summit 2025 event in New York.

Trump doubled down on his pledge not to sell confiscated US Bitcoin, as well as end regulatory mechanisms such as Operation

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TON-based XDAO protocol grants legal status to 367k DAOs

XDAO, a protocol based on The Open Network (TON), has enabled over 367,000 decentralized autonomous organizations (DAOs) to achieve legal status through its initiative that automates legal recognition for such organizations. 

In an announcement, XDAO said it had streamlined the DAO creation process to allow DAOs to achieve legal status. An XDAO spokesperson told Cointelegraph that the protocol offers a standard for other “sub-entities” within its legal framework. 

“Basically, those sub-entities exist both in relation to each other and outside entities that had acknowledged their existence and assented to some articles of the XDAO Labs’ Constitution,” the spokesperson told Cointelegraph. 

XDAO added that the parties recognize Singapore, where XDAO Labs is incorporated, as the primary jurisdiction where disputes may be resolved if necessary. 

Signing legally-binding documents through Telegram bots

The protocol also said it could enable the signing of legally binding documents using Web3 wallets. XDAO said DAOs could archive their transactions using a Telegram

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The fallacy of scalability — why layer 2s won’t save crypto

Opinion by: Dan Hughes, founder of Radix 

Crypto has spent years betting on layer-2 (L2) solutions as its magic bullet for fixing issues with scalability. What if they’re the very thing putting us at risk?

Instead of paving the way for mass adoption, this fixation has created a tangled web of rollups, bridges and fragmented liquidity, threatening blockchain’s core principles of decentralization and security. The dream of a seamless, decentralized network is fading, overshadowed by a complex system that echoes the inefficiencies and centralization of the traditional financial world. Are we scaling innovation or just recreating the past?

The blockchain trilemma

L2s were supposed to mitigate the blockchain trilemma. Yet, while they may fill the gaps at the individual level, as a movement, L2 solutions have put crypto at risk of losing all three.

The growing mass of L2s has led to a highly fractured

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Tax agencies will double down on crypto before Bitcoin hits $1M

Opinion by: Robin Singh, CEO of Koinly

In the race between regulation and Bitcoin (BTC) all-time highs, there is no doubt tax agencies will double down on their crypto-tracking systems well before Bitcoin hits $1 million.

Crypto investors shouldn’t become complacent or assume they can skate by until the million-dollar price tag. In addition to their laser focus on the future, they are becoming skilled at scrutinizing the past. Many jurisdictions have the power to backtrack on previous years, and if tax authorities realize how much they’ve missed, they won’t just let it slide…

This could spell trouble for misinformed Bitcoiners who have already begun spending their profits.

Tax agencies will catch up through automated data-sharing

Governments are still in this weird gray area where crypto tax rules can change anytime. Take the US Internal Revenue Service (IRS), for example. In a shock move, as of 2025, the IRS now

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Russia civic chamber proposes dedicated fund for confiscated crypto assets

Amid the growing adoption of cryptocurrency reserves in countries like the United States, legal activists in Russia are pushing to create a potential crypto fund.

Evgeny Masharov, a member of the Russian Civic Chamber, has proposed creating a government cryptocurrency fund that would include assets confiscated from criminal proceedings.

The projected cryptocurrency fund would aim for revenues for the government, targeting social projects, Masharov said, according to a March 20 report by the local news agency TASS.

“The proceeds from the cryptocurrency fund can then be used for social, environmental and educational projects,” he reportedly stated.

“Seized crypto should benefit the state”

Masharov’s proposal came amid Russian officials progressing with new legislation on recognizing cryptocurrencies as property for the purposes of criminal procedure legislation.

Alexander Bastrykin, Chairman of Russia’s Investigative Committee, said that a related draft bill was sent to the government for consideration, the local news agency RBC <a data-ct-non-breakable="null"

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Solana futures ETF to grow institutional adoption, despite limited inflows

The crypto industry is set to debut the first Solana futures exchange-traded fund (ETF), a significant development that may pave the way for the first Solana spot ETF, as the “next logical step” for crypto-based trading products, according to industry watchers.

Volatility Shares is launching two Solana (SOL) futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT), on March 20.

The debut of the first Solana futures ETF may bring significant new institutional adoption for the SOL token, according to Ryan Lee, chief analyst at Bitget Research.

Volatility Shares Solana ETF SEC filing. Source: SEC

The analyst told Cointelegraph: 

“The launch of the first Solana ETFs in the US could significantly boost Solana’s market position by increasing demand and liquidity for SOL, potentially narrowing the gap with Ethereum’s market cap.”

The Solana ETF will grow institutional adoption by “offering

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Ripple celebrates SEC’s dropped appeal, but crypto rules still not set

Ripple is celebrating the United States Securities and Exchange Commission’s (SEC) decision not to pursue a court case against the firm, but it provides little legal certainty for the crypto industry. 

The US financial regulator has apparently dropped an appeal against Ripple, the issuing firm of crypto asset XRP. The industry saw the case as a prime example of regulatory overreach by the SEC under former chair Gary Gensler.

Ripple CEO Brad Garlinghouse said the decision “provides a lot of certainty for RIpple” and that while the case is effectively over, there are still some loose ends the firm needs to tie up with the SEC. “We now are in the driver’s seat to determine how we want to proceed.”

Stuart Alderoty, Ripple’s chief legal officer, wrote on X, “Today, Ripple moves forward — stronger than ever. This landmark case set a precedent for the domestic crypto industry.”

Ripple

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