⚖️ Ripple has taken a new strategic step
Welcome to the Daily Tribune on Wednesday, March 19, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Wednesday, March 19, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
Launch of Solana futures on the CME: A game-changer?
The Chicago Mercantile Exchange (CME) has launched the first futures contracts on Solana, a strong signal for institutional adoption. Although the initial volume is moderate, this event could accelerate the approval of a Solana ETF by the SEC, expected by October 2025. However, the size of the futures market will still have to convince regulators. Read the full article
Ripple takes a new strategic step
Ripple Labs has filed the trademark "Ripple Custody," announcing its entry into the institutional crypto custody sector. This initiative aims to compete with major players like Coinbase and BNY Mellon while developing a potential native XRP wallet. This strategic expansion could enhance XRP's attractiveness in the market. Read the full article
Canary Capital files for a SUI ETF
Canary Capital has officially submitted a request to the SEC to create an ETF based on the Sui blockchain. This fund would provide investors with institutional exposure to SUI without direct holding. However, regulatory challenges remain, and the potential approval date remains uncertain. Read the full article
Crypto ETPs chain together 17 days of consecutive outflows
Exchange-traded products (ETPs) related to cryptos have experienced a hemorrhage of $1.7 billion over 17 days. Bitcoin has lost $5.4 billion, while XRP has managed to attract capital. This crisis reflects increased skepticism among investors in the face of macroeconomic and regulatory uncertainties. Read the full article
Today's crypto: NEAR Protocol (NEAR)
NEAR Protocol is a layer 1 blockchain platform designed to be a community-managed cloud computing platform. It aims to eliminate some of the limitations that have hindered competing blockchains, such as low transaction speeds, low throughput, and poor interoperability. This creates an ideal environment for decentralized applications (dApps) and provides an accessible platform for developers.
The native token of NEAR Protocol, NEAR, is used to pay fees for transactions and storage on the platform. NEAR holders can also participate in the consensus mechanism by delegating or staking their tokens, thus contributing to the network's security while earning rewards. Additionally, NEAR serves as a governance token, allowing holders to participate in decisions regarding the protocol's evolution. The initial distribution of NEAR took place during the mainnet launch in April 2020, with a total supply of 1 billion tokens.
Recent performance:
Current price: $2.71 (~€2.56)
24-hour change: +6.8%
Market capitalization: $3.24 billion
Rank on CoinMarketCap: #31
CryptoQuant announces the end of the bull run: Should we worry about Bitcoin?
Is Bitcoin entering a prolonged pullback phase? This is the question that is stirring the crypto community after the shocking statement from Ki Young Ju, CEO of CryptoQuant. In a post published on March 17, 2025, on X (formerly Twitter), the expert claims that Bitcoin's bullish cycle has ended and that he expects six to twelve months of bearish or sideways market. This announcement has immediately revived fears of a prolonged correction, especially since it contrasts with his earlier statements, where he still asserted in early March that the bullish trend remained intact.
Why does CryptoQuant think the bull run is over?
CryptoQuant's analysis is based on several concerning on-chain indicators. First, a drying up of liquidity is observed, with a slowdown in new capital flows entering the market, which reduces Bitcoin's ability to maintain its bullish momentum.
Next, whales (large BTC holders) have started to sell their positions at lower prices, a signal often associated with a market reversal.
Moreover, several technical indicators show a weakening of the market, notably through capital flows and BTC movements between wallets. Finally, market sentiment is deteriorating, with investors gradually reducing their long positions in the face of increasing sales and falling prices.
Ki Young Ju compares this dynamic to a transition to a bear market, where new entrants suffer losses, which could further dampen interest in Bitcoin in the months to come.
An opinion contested by some analysts
Despite this pessimism, some experts do not share CryptoQuant’s view and believe that the bullish cycle is far from over. Seth, a prominent crypto analyst, points out that global M2 money supply has just reached a new all-time high, which could inject new liquidity into risky asset markets. According to him, every explosion of global money supply has historically benefited Bitcoin, and we may be at the dawn of a new bullish rally.
Other analysts, like Dave Weisberger (CEO of CoinRoutes), remind that Bitcoin has often followed a correlation with money supply growth. If this trend continues, Bitcoin could reach a new ATH as early as April, a hypothesis shared by Cory Klippsten (CEO of Swan Bitcoin), who believes there is a greater than 50% chance that BTC will reach a new high before the end of June.
A bull run truly over or just a correction?
History has shown that brutal corrections in Bitcoin do not always mark the end of a bullish cycle. While CryptoQuant's on-chain analysis is based on concerning signals, global monetary policies and institutional investor behavior could still work in favor of a rebound.
The debate thus remains open between proponents of a prolonged bear market and those who believe Bitcoin has not yet exhausted its bullish potential. The next weeks will be crucial to confirm or refute this prediction, as eyes remain fixed on the Fed's decisions and the upcoming movements of the whales.
