Crypto Vesting

Today in crypto, an initially crypto-skeptic Minnesota Senator introduced a Bitcoin-buying bill, the head of President Donald Trump’s crypto council said stablecoin legislation is likely to be passed imminently, and Grayscale’s Mini Bitcoin ETF is the only fund to see net inflows so far this month.

Minnesota senator proposes Bitcoin Act after going from skeptic to believer

Minnesota state Senator Jeremy Miller introduced the Minnesota Bitcoin Act on March 17 to allow the state to invest in Bitcoin (BTC) and other cryptocurrencies, which he drafted after completely changing his stance on the space.

“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said in a statement announcing the bill.

Several other US states have introduced similar Bitcoin-buying bills, with 23

Read More at https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said comprehensive stablecoin legislation is expected to be finalized in the coming months, underscoring the government’s urgency to maintain the US dollar’s dominance in onchain activity. 

Speaking at the Digital Asset Summit in New York on March 18, Hines said stablecoin legislation is “imminent” following the Senate Banking Committee’s approval of the GENIUS Act last week. 

The GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins, establishes collateralization guidelines for stablecoin issuers and requires full compliance with Anti-Money Laundering laws. 

“We saw that vote come out of the Senate Banking Committee in extremely bipartisan fashion, […] which was fantastic to see,” said Hines, adding:

“I think our colleagues on the other side of the aisle also recognize the importance for US dominance in this space, and they’re willing to

Read More at https://cointelegraph.com/news/us-stablecoin-bill-likely-next-2-months-bo-hines?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said comprehensive stablecoin legislation is expected to be finalized in the coming months, underscoring the government’s urgency to maintain the US dollar’s dominance in onchain activity. 

Speaking at the Digital Asset Summit in New York on March 18, Hines said stablecoin legislation is “imminent” following the Senate Banking Committee’s approval of the GENIUS Act last week. 

The GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins, establishes collateralization guidelines for stablecoin issuers and requires full compliance with Anti-Money Laundering laws. 

“We saw that vote come out of the Senate Banking Committee in extremely bipartisan fashion, […] which was fantastic to see,” said Hines, adding:

“I think our colleagues on the other side of the aisle also recognize the importance for US dominance in this space, and they’re willing to

Read More at https://cointelegraph.com/news/us-stablecoin-bill-likely-next-2-months-bo-hines?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethereum’s native token, Ether (ETH), has ventured into oversold territory multiple times against Bitcoin (BTC) in recent months, but the altcoin has yet to show any signs of finding a price bottom. The trading situation is actually quite similar to a previous scenario, and ETH’s market structure suggests that it could repeat itself in Q2 to Q3 of this year.

Ether’s repeat breakdowns point to more downside

The relative strength index (RSI) on ETH’s 3-day timeframe remains below 30, a level that typically signals a potential bounce.

However, historical patterns show that previous dips into oversold conditions have failed to mark a definitive bottom. Each instance has been followed by another leg lower, reflecting persistent bearish momentum.

ETH/BTC three-day price chart. Source: TradingView

Since mid-2024, the ETH/BTC pair has undergone repeat breakdowns, with losses of around 13%, 21%, 25%, and 19.5% occurring in rapid

Read More at https://cointelegraph.com/news/ethereum-price-in-cursed-downtrend-which-could-continue-well-into-2025-analyst?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Ethereum’s native token, Ether (ETH), has ventured into oversold territory multiple times against Bitcoin (BTC) in recent months, but the altcoin has yet to show any signs of finding a price bottom. The trading situation is actually quite similar to a previous scenario, and ETH’s market structure suggests that it could repeat itself in Q2 to Q3 of this year.

Ether’s repeat breakdowns point to more downside

The relative strength index (RSI) on ETH’s 3-day timeframe remains below 30, a level that typically signals a potential bounce.

However, historical patterns show that previous dips into oversold conditions have failed to mark a definitive bottom. Each instance has been followed by another leg lower, reflecting persistent bearish momentum.

ETH/BTC three-day price chart. Source: TradingView

Since mid-2024, the ETH/BTC pair has undergone repeat breakdowns, with losses of around 13%, 21%, 25%, and 19.5% occurring in rapid

Read More at https://cointelegraph.com/news/ethereum-price-in-cursed-downtrend-which-could-continue-well-into-2025-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Solana futures (SOL) on the Chicago Mercantile Exchange (CME) went live on March 17, with a trading volume of $12.1 million on day 1, which fell short compared to Bitcoin (BTC) and Ethereum’s (ETH) CME futures debut.

CME Crypto futures comparison by Vetle Lunde. Source: X.com

Vetle Lunde, Head of Research at K33Research, compared the difference between Bitcoin (BTC), Ether (ETH) and Solana (SOL) CME futures trading performances on their launch day, and it is clear that SOL’s CME futures volume and open interest came in far below its competitors.

However, Lunde pointed out that if normalized volumes to the market cap are evaluated, SOL’s launch “aligns closer to the two.”

Was the SOL CME futures

Read More at https://cointelegraph.com/news/solana-cme-futures-volumes-reach-12-1-m-was-the-launch-a-dud-or-is-more-to-come?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound