📉 Trump at DAS 2025: A disappointing speech that causes Bitcoin to drop!
Welcome to the Daily Tribune of Friday, March 21, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Friday, March 21, 2025, and like 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:
Cloudy ☁️
24h crypto recap! ⏱
What to remember from Trump’s speech at DAS 2025
Trump promises to make the United States the world's capital of crypto, but no concrete measures are announced. Investors are left wanting. Read the full article
Coinbase becomes the largest Ethereum node operator
Coinbase leads Ethereum staking with 11.42% of the nodes. Experts are concerned about the risk of centralization. Read the full article
Pi Network shut down by Binance: A hard blow for crypto
Binance refuses to list Pi Network due to lack of public mainnet and transparency. The community's hopes are dashed. Read the full article
Bitcoin losing speed despite the dollar's drop
Despite the dollar's drop, Bitcoin is not benefiting, which can be explained by complex economic factors and a possible lag in impact. Read the full article
Crypto of the day: Pi Network (PI)
Pi Network is a layer 1 blockchain platform that aims to make cryptocurrency mining accessible to all through a user-friendly mobile app. It allows users to mine Pi by simply pressing a button daily, without requiring expensive hardware or high energy consumption. This approach democratizes access to cryptocurrencies and encourages broader adoption.
The native token of Pi Network, PI, is used as a medium of exchange within the Pi ecosystem. PI holders can make transactions, purchase goods and services on the platform, and participate in the governance of the network.
Recent Performance
Current Price: $0.9121 (approximately €0.85)
24 Hour Change: -21.5 %
Market Capitalization: $6.29 billion
Rank on CoinMarketCap: #23
Cardano hits a record of optimism despite its drop
Despite a marked drop in its price, Cardano (ADA) shows an exceptional level of optimism among its community. According to Santiment's analysis, investor enthusiasm around ADA has reached a peak not seen in four months. The ratio of positive to negative comments on social media is currently 3.5 to 1, demonstrating robust confidence despite recent price setbacks.
Optimism persists despite the drop
This renewed optimism comes as Cardano has undergone a significant correction, falling over 38% since its recent peak. This drop follows a period of intense volatility, marked by rumors of government support for ADA in the United States. Indeed, a document circulating on social media suggested that the SEC had favorably classified the use of Cardano as a smart contract for government services. However, this information proved false, with the document's origin coming from an unverified third party.
Despite this, another event briefly rekindled enthusiasm around ADA: the surprise announcement of its potential inclusion in a strategic crypto reserve alongside Bitcoin, Ethereum, Solana, and XRP. This announcement had caused a spectacular price surge on March 2, 2025, but the euphoria quickly gave way to a brutal correction, resulting in a significant drop for ADA.
Cardano facing market challenges
The dynamics around Cardano remain characterized by high volatility, exacerbated by increased competition with other altcoins, notably Dogecoin (DOGE). At the time of writing, Cardano is valued at approximately $25.5 billion, just ahead of DOGE, which stands at $25 billion after gaining 4% over the past week.
Despite the price correction, investors seem to maintain their confidence in the fundamentals of the Cardano ecosystem, particularly due to the ongoing improvements to its smart contract platform. Several technical indicators also show that ADA may have reached an oversold zone, suggesting potential for a technical rebound in the short term.
What are the prospects for Cardano?
The persistent positive sentiment could indicate that the Cardano community remains optimistic about the future of the project, despite price fluctuations. This resilience reflects investors' faith in ongoing technical developments and the evolution of the ecosystem. However, for this optimism to turn into sustainable bullish momentum, Cardano will need to prove its strength in the long term by boosting its adoption and consolidating its position against growing competition.
Finally, the anticipated decision from the SEC on Grayscale's ADA ETF could play a decisive role in the recovery or not of Cardano's valuation. A green light from the regulatory body would give new life to the project, but a rejection could intensify selling pressure.
Is Cardano really about to rebound, or is this optimism purely speculative? The coming weeks will be crucial to confirm or deny this renewed confidence.
