Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
The crypto market is recovering, with a market cap of $2.52T and a 3.23% increase. Bitcoin and Ethereum rose by 3.20% and 7.28%, respectively. Other gains include D ($D) at 728.37%. DeFi TVL and NFT sales also increased, while the Australian Senate supports a crypto regulatory framework.
House Representative Anna Paulina Luna and crypto lawyer John Deaton highlighted Senator Elizabeth Warren's strong support for a Central Bank Digital Currency (CBDC), arguing it threatens financial freedom and increases government control. Public response reflects concerns over Warren's motives and perceived hypocrisy.
Key Takeaways:
According to the regulator of Australia, 23% of Gen Z investors own cryptocurrency and most of them trade based on the social media trend.
63% of Australians aged 18 to 34 seek financial advice on social media with 18% using AI.
The regulators are also concerned about crypto
An Australian Senate committee has proposed new legislation to regulate cryptocurrency platforms under existing financial laws, aiming for stronger oversight and consumer protection in the rapidly growing digital asset sector.
Venus Protocol is investigating suspicious activity indicating a potential Flash Loan attack on the $THE and $CAKE pools. This has led to the suspension of borrows and withdrawals of $THE, as the platform assesses the risk and community concerns surrounding possible market manipulation.
FOGNET, a blockchain network that focuses on high-speed networking and real estate tokenization, today announced a strategic partnership with 21DAO, a decentralized task economy platform where community participation transforms into economic growth and on-chain value. The collaboration enabled 21DAO
Bittensor ($TAO) leads the crypto market with a 16.62% gain, followed by other altcoins like $FET and $ZEC. Several cryptocurrencies show positive growth trends, indicating active user engagement in trading activities.
Institutional crypto trading and lending firm BlockFills has filed for Chapter 11 bankruptcy protection in the United States, marking the latest setback for the digital asset lending sector after weeks of operational turmoil.
In a statement shared on X on March 16, the company said that after
Bitcoin (BTC) is going through a volatile period, and the recent market oscillations have preconditioned the potential technical breakout. Following a lengthy period of volatile consolidation, the flagship digital asset displays evidence of the “bump and run” reversal pattern, a technical chart
Crypto prices are recovering, led by ETH's 7.56% increase. Anticipation builds for a potential rate cut by the US Fed in September, as consumer sentiment declines amidst concerns over personal finances and geopolitical issues.