Luc Jose A.

The rapid rise of the Solana network at the beginning of the year seemed to herald a new era for its ecosystem. Fueled by an unprecedented speculative frenzy around memecoins, the blockchain recorded record revenues, reaching $55.3 million per week. However, the party was short-lived. Within weeks, the excitement evaporated, leading to a brutal collapse. Today, Solana's weekly revenues have fallen back to $4 million, a staggering drop of 93%. This sudden turnaround raises a central question: Can Solana survive the end of this euphoria and find a sustainable growth model? On one hand, the frenzied speculation around meme coins has revealed an undeniable pull of the network, but on the other hand, its dependence on these ultra-volatile tokens undermines the entire economy.

The crypto industry is holding its breath in the face of still hesitant regulation. While enthusiasm for crypto ETFs grows, the U.S. Securities and Exchange Commission (SEC) has just postponed its decision on an important request: the conversion of the Grayscale XRP Trust into an ETF. This delay, announced on Tuesday, highlights the increased regulatory challenges surrounding these assets, even as crypto-related financial products gain legitimacy among institutional investors. Amid regulatory uncertainties and the expansion strategies of major asset managers, the wait continues for supporters of an XRP ETF.

Bitcoin has plunged to $76,700, marking its lowest level in four months amid global economic turmoil. Indeed, the 30% drop from its all-time high of $109,350 has reignited discussions about a possible trend reversal, as some observers question the sustainability of the bullish cycle. However, several indicators suggest that this correction could represent a strategic entry point for investors. On one hand, financial markets remain under pressure with persistent economic uncertainties, while on the other hand, the BTC derivatives market shows unexpected strength. So, has Bitcoin reached its ultimate floor before a rebound?

The global economic order is trembling under the impact of protectionist decisions from the United States. While the BRICS aim to reduce their dependence on the dollar, a major upheaval could be on the horizon. The resurgence of American tariffs could fuel a rise in the greenback, threatening to weaken emerging economies and hinder their efforts for dollarization. This potential rise of the dollar, far from being trivial, could mark a turning point for global monetary balance.

The world of cryptocurrencies is used to spectacular fluctuations, but certain fund movements raise more questions than others. In the span of a week, $1.8 billion of ETH left exchanges. Such a volume of withdrawals had not been observed since December 2022, raising questions about the market's state and investors' strategies. Should this be seen as a sign of mistrust towards Ethereum or, conversely, as a mark of confidence in its long-term valuation potential? Between bullish interpretation and economic uncertainty, this dynamic could reshape the landscape of the crypto market.

The evolution of the Canadian political landscape could disrupt the crypto ecosystem. Mark Carney, former governor of the Bank of Canada and the Bank of England, has just been appointed to succeed Justin Trudeau. His rise to power does not go unnoticed, particularly in the crypto sector. Known for his sharp criticisms of bitcoin, Carney has previously described the asset as a deficient monetary model, which fueled a "global speculative mania." His vision, rooted in a centralized approach to finance, suggests a restrictive policy towards cryptos. As Canada continues to seek its regulatory guidelines for these assets, Carney's appointment could represent a radical shift. His influence on the future of bitcoin and cryptos in Canada deserves close scrutiny.

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battlefield of regulatory and economic conflicts. Here is a summary of the most significant news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Investors are closely monitoring every signal from the American Federal Reserve (Fed), whose monetary policy could trigger a bear market. While some were hoping for rate cuts as early as 2024, the latest statement from Fed Chair Jerome Powell has dampened those expectations. The absence of rate reductions could put pressure on financial markets, particularly on risky assets like Bitcoin. Economist Timothy Peterson warns: if the Fed does not cut rates by 2025, the Nasdaq could collapse, dragging the cryptocurrency market along with it. A new correction of Bitcoin below $70,000 is now a serious possibility.

The financial story of the United States may well be on the brink of a major turning point. As the national debt reaches new heights and economic tensions escalate, a key player in the crypto sector, Michael Saylor, proposes a bold strategy: to make bitcoin a national strategic asset. At a summit held at the White House, the founder of Strategy advocated for massive investment by the U.S. government in bitcoin, suggesting that the United States should acquire up to 25% of the total supply by 2035. This proposal, as ambitious as it is controversial, relies on a long-term vision in which bitcoin would become a pillar of American economic prosperity. In response to this announcement, the White House has already taken a first step by signing a decree that establishes a strategic reserve of bitcoin.

Innovation is a necessity in the blockchain universe, where competitiveness relies on speed, scalability, and user experience. It is in this context that BNB Chain is about to take a decisive step with the Pascal hard fork, a major technical update scheduled for March 20. Unveiled by Changpeng Zhao (CZ), this evolution promises to enhance compatibility with the Ethereum Virtual Machine (EVM) and strengthen the ecosystem's accessibility for developers and users.

The history of cryptocurrencies is marked by episodes where volatility defies the logic of markets. Solana (SOL), one of the most promising blockchain ecosystems, is currently experiencing an intense phase of fluctuations. While its price has seen a significant drop in recent days, its trading volume has witnessed a spectacular surge. Over 5.18 billion dollars have flowed through the platforms, a movement that is as intriguing as it is concerning. This resurgence of activity reveals a complex dynamic where financial losses and hopes for a rebound intertwine.

The American economy is going through a turbulent phase. Between rising inflation and a marked slowdown in growth, a long-forgotten specter resurfaces: stagflation. This phenomenon, which combines economic stagnation and rising prices, evokes the crises of the 1970s. Today, Donald Trump's new tariff policies rekindle fears of a return to that time when growth was stalled and purchasing power was eroding rapidly. The American president's decision to impose heavy taxes on Chinese, Mexican, and Canadian imports raises many questions about their real effects on the economy. As the Federal Reserve is pushed to its limits, markets are wavering, and businesses are concerned about the repercussions on their profitability.

Political decisions shape the future of cryptocurrencies, and the crypto summit organized by the Trump administration at the White House on March 7 is a glaring proof of this. This event, which aimed to establish a new posture for the United States towards the blockchain industry, sparked mixed reactions. While some observers see it as an institutional recognition of Bitcoin and a strategic turning point, others denounce it as a mere political stunt without concrete measures. This meeting, which coincided with the announcement of the creation of a strategic reserve of Bitcoin, had an immediate impact on the markets, leading to a 7.3% drop in BTC and massive outflows from Bitcoin ETFs. So, real progress or just a publicity stunt?