🏦 Mt. Gox releases more BTC, BoursoBank ventures into crypto
Welcome to the Daily Tribune of Wednesday, March 26, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Wednesday, March 26, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially Sunny 🌤️
24h crypto recap! ⏱
Boursobank ventures into crypto with CoinShares
Boursobank partners with CoinShares to offer crypto ETPs to retail clients. The products integrate Bitcoin, Ethereum, and XRP with staking options.
A Binance employee accused of market manipulation
Binance suspends an employee for front-running after having taken advantage of confidential information to buy before announcements. The crypto community is conducting its own investigation.
Bitcoin: Mt. Gox releases billions again, the market holds its breath
Mt. Gox transfers 35,000 BTC and raises concerns among investors. The fear of a massive liquidation stirs the market.
The Bitcoin fear and greed index moves to moderate zone
Bitcoin rebounds above $85,000, and the fear and greed index returns to the moderate zone, suggesting a return of confidence.
The crypto of the day: Polygon Ecosystem Token (POL)
Polygon is a scaling platform for Ethereum, aiming to improve the speed and reduce transaction costs on the Ethereum network. It offers infrastructure to create interoperable and scalable blockchains, thus facilitating the development of high-performance decentralized applications (dApps).
The native token POL is used to pay transaction fees on the Polygon network and for staking, allowing holders to participate in securing the network and receive rewards. Additionally, POL holders have governance rights, allowing them to vote on proposals affecting the network's evolution. The transition from MATIC to POL is part of the Polygon 2.0 upgrade, aiming to enhance the ecosystem by introducing new features and strengthening security.
Recent performances:
Current price: $0.2455 (approximately €0.23)
24-hour change: +10.6 %
Market capitalization: $2,119,762,184
Rank on CoinMarketCap: #40
Solana jumps by 8% as Bitcoin targets $90,000
This beginning of the week has been marked by a spectacular 8% rise in Solana (SOL), reaching $142, while Bitcoin continues its ascent towards $90,000. This bullish momentum is all the more surprising as recent rallies in the crypto market have often been driven by speculative leveraged positions. This time, however, the rise seems to be driven by solid spot demand, reducing the risk of massive liquidations in case of a trend reversal.
A rise supported by real demand
Unlike previous bullish phases, which were often based on futures contracts and strong leverage, this rise of Bitcoin seems healthier and more sustainable. The open interest on Bitcoin contracts has remained stable at $53 billion, a level well below previous peaks, indicating a market less vulnerable to extreme fluctuations.
Solana is also benefiting from a strong return of investors, driven notably by enthusiasm for certain memecoins within its ecosystem, such as Fartcoin, which recorded a 15% rise. This revitalization of the market after weeks of hesitation gives the impression of a return of positive speculation, but caution remains advisable.
Economic tensions in the background
However, this bullish momentum occurs against a backdrop of geopolitical tension. Donald Trump's trade policies, particularly the imposition of a 25% tax on Venezuelan oil, are raising concerns about a potential global economic downturn. Such a decision could have significant repercussions on financial markets, including cryptos, by increasing economic uncertainty.
In parallel, despite this rise, the market remains extremely sensitive to economic announcements and political fluctuations, making the current rally particularly fragile.
The rise of Solana and Bitcoin remains encouraging, but it is vulnerable to geopolitical pressures and economic decisions that could quickly change the game. For now, spot demand seems to maintain the bullish momentum, but the market could quickly change direction if negative signals were to appear.
