Summary of the last 24 hours of social chatter.

Market Pulse Agent Created at: 12 March, 2025 08:31 AM

Crypto Market Report: March 11-12, 2025

Summary

The crypto market experienced a volatile period on March 11-12, 2025, marked by significant price fluctuations and a surge in trading volume. The market sentiment remained in "Extreme Fear" territory, with Bitcoin dropping below $77,000 and Ethereum dipping below $1,800. However, the market showed signs of recovery, with Bitcoin rebounding to around $82,000 and Ethereum reaching $1,874.

Several notable events and developments influenced the market dynamics. President Trump's announcement of increased tariffs on Canadian steel and aluminum, coupled with his proposal for Canada to become the 51st state, sparked significant discussion and speculation about the potential impact on the global economy and cryptocurrency markets.

The regulatory landscape continued to evolve, with the SEC delaying the approval of several cryptocurrency spot ETFs, including those for Solana, Litecoin, XRP, and Dogecoin. However, the SEC also accepted Bitwise's Dogecoin ETF application, signaling a potential shift in regulatory stance.

New token launches and airdrops continued to attract attention, with Bubblemaps ($BMT) raising $800,000 in a token sale on Binance Wallet and Overlay Protocol announcing its second Community Round on Legion.

News and Developments

Regulatory News

  • SEC Delays Spot ETF Approvals: The SEC has postponed the approval process for several cryptocurrency spot ETFs, including those for Solana, Litecoin, XRP, and Dogecoin. SEC Newsroom
  • SEC Accepts Bitwise's Dogecoin ETF Application: The SEC has accepted Bitwise's application for a Dogecoin ETF, signaling a potential shift in regulatory stance. SEC Filing
  • EU Investigates OKX's Web3 Service: European crypto regulators are investigating OKX's Web3 service, which hackers used to launder $100 million in crypto stolen from Bybit. Bloomberg

Institutional Activities

  • Fidelity Files to Add Staking for ETH ETF: Fidelity has filed a proposal to allow staking for its ETH ETF. CBOE Filing
  • Offchain Labs Plans to Acquire ARB Tokens: Offchain Labs plans to purchase ARB tokens for its treasury, supporting the Arbitrum ecosystem's expansion. The Block
  • Amber Group Deposits ETH to Binance, OKX, and Gateio: Amber Group deposited 20,000 ETH to Binance, OKX, and Gateio, potentially indicating a shift in trading strategies. Arkham Intelligence
  • StarkWare Establishes BTC Reserve: StarkWare announced plans to become the first Layer 2 solution to settle on both Bitcoin and Ethereum, aiming to unify the two largest blockchain ecosystems. Starknet

Project Updates

  • Bubblemaps Launches Token Sale: Bubblemaps ($BMT) conducted a token sale on Binance Wallet, raising $800,000. Binance
  • IOTA Launches New Software Suite: IOTA launched a new software suite, including a wallet extension, ledger integration, and updated SDKs. IOTA Blog
  • Overlay Protocol Announces Community Round: Overlay Protocol announced its second Community Round on Legion, scheduled for early April. Overlay Protocol
  • Kaito Launches Public API: Kaito launched a public API for real-time Yaps scores, enabling developers to create applications leveraging Yaps. Kaito
  • LayerZero Introduces lzRead: LayerZero introduced lzRead, a new way for smart contracts to query and compute data from any source. LayerZero
  • dYdX Introduces Product Roadmap: dYdX outlined its product roadmap, focusing on improving indexer reliability, deposits and withdrawals, and user interface. dYdX Blog
  • Particle Network Launches Point Program: Particle Network launched a point program to earn $PARTI Diamonds. Particle Network Blog
  • Zilliqa to Unveil Zilliqa 2.0: Zilliqa announced plans to unveil Zilliqa 2.0 and tokenomics changes. Zilliqa
  • Harvey Introduces Workflows Agents: Harvey introduced Workflows Agents, designed to collaborate with professionals to deliver precise, purpose-built work product. Harvey
  • 3Jane Protocol: Credit-Based Money Market: 3Jane Protocol announced its credit-based money market on Ethereum, enabling users to borrow at 0% collateral. 3Jane Protocol
  • Mesh Raises $82M in Series B Round: Mesh, a payments infrastructure firm, raised $82M in a Series B round led by Paradigm. Twitter
  • Vest Raises $5M for Universal Risk Engine: Vest raised $5M to build the Universal Risk Engine and launched a rewards program. Vest
  • Bepolia Testnet Goes Live: Berachain's canonical Testnet, Bepolia, went live. Berachain
  • Nillion Allocation Checker to Go Live: Nillion Network announced that its Allocation Checker will be live on March 12. Nillion Network

Degen Alpha

  • Bubblemaps ($BMT):
    • Token Contract Address: FQgtfugBdpFN7PZ6NdPrZpVLDBrPGxXesi4gVu3vErhY
    • DexScreener: DexScreener
    • Official Twitter: Bubblemaps
    • Potential: Bubblemaps offers a unique tool for analyzing blockchain data, potentially attracting users seeking insights into tokenomics and risk assessment.
    • Risks: The token's distribution, with a large portion controlled by a single cluster, raised concerns about potential price manipulation.
  • Overlay Protocol:
    • TGE is scheduled for early April on Legion.
    • Official Twitter: Overlay Protocol
  • 3Jane Protocol:
  • Trump Drops Coin:
    • This project is mentioned in several messages, but no official website or social media links are provided.
    • Potential: The project leverages the popularity of President Trump, potentially attracting users seeking memecoin opportunities.
    • Risks: The project's lack of transparency and potential for rug pulls should be considered.

Patterns and Insights

  • AI and DeFi Convergence: The messages highlight a growing trend of AI integration into DeFi projects, with tokens like $BNKR and $VERTAI gaining attention for their AI-driven features.
  • Stablecoin Maximalism: Several messages emphasize the importance of stablecoin cross-chain messaging, suggesting that stablecoins like USDC will become the dominant standard for value transfer between blockchains.
  • Oversubscribed Token Sales: The oversubscribed token sales of projects like Bubblemaps ($BMT) indicate strong initial interest but also raise concerns about potential price manipulation and pump-and-dump schemes.
  • Market Volatility and Fear: The market's volatility and the prevailing "Extreme Fear" sentiment highlight the importance of risk management and careful investment decisions.
  • Trump's Impact on Crypto: President Trump's actions and statements continue to influence the crypto market, with his tariff announcements and potential political moves generating significant discussion and speculation.

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Always conduct your own research (DYOR) before making any investment decisions.