Altcoin
US FOMC, XRP Lawsuit, & Pi Network In Spotlight
The crypto market concluded another week, primarily witnessing major developments surrounding the U.S. FOMC, XRP lawsuit, and Pi Network. While the Ripple community rejoiced in light of the U.S. SEC lawsuit end, the Fed Reserve kept interest rates unchanged. Simultaneously, Pi Network fluxed around the $1 mark this week, triggering a wave of speculation among investors.
Other developments like a SUI ETF filing followed, stirring market optimism globally. Mentioned below are some of the top market updates reported by CoinGape over the past week.
US FOMC Sparks Crypto Market Speculations With Unchanged Interest Rates
The crypto market saw the latest US FOMC in play, with the Federal Reserve deciding to keep interest rates unchanged at 4.25 to 4.5% this week. Nevertheless, speculations of a dovish stance as the year longs persist across the market.
Fed Chair Jerome Powell stated that the inflation outlook is transitory with the Donald Trump-induced tariff in North America. Notably, the Fed appears to be gauging the impact of recent macro dynamics before making a rate cut decision.
BitMex CEO Arthur Hayes further took the stage amid the FOMC decision, stating he believes a rate cut is looming for April 1. In turn, the CEO also anticipated a BTC rally to follow, given that the feat happens. Bitcoin closed the week at the $84K price level, whereas major altcoins mainly prevented downturns.
XRP Lawsuit End: Affirms Ripple CEO
Simultaneously, Ripple’s CEO Brad Garlinghouse proclaimed that the U.S. SEC has agreed to drop the XRP lawsuit this week. While this news offered the Ripple community immense relief, a butterfly effect occurred in the crypto market. The SEC’s stance on cryptocurrencies saw a loosened grip under Trump’s presidency.
Meanwhile, CLO Stuart Alderoty revealed the next steps following the U.S. SEC’s declaration of an appeal drop in the lawsuit. In the interim, XRP price closed this week considerably above the $2 level, although the weekly chart showed a dip of 2%.
Pi Network: What’s The Buzz?
Pi Network stole the broader market’s attention, showcasing a highly fluxing action over the past week. CoinGape reported that this volatility came attributed to nearly 129 million Pi Coins ready for an unlock, worth about $175 million, set to be added to the supply this month.
On the other hand, the crypto saw rising adoption in the Asian landscape this week. Vietnam-based Pi enthusiast Cryptoleakvn recently shared an update on X, highlighting a surge in Pi-accepting regions across the country.
However, the Pi token faced investor selloff concerns amid its turbulent price action this week. The lack of major announcements by the crypto team has added to market concerns about future movements.
In conclusion, mentioned above were some of the top crypto market updates reported by CoinGape over the past week. It’s also worth mentioning that Canary Capital filed for SUI ETF approval with the U.S. SEC this week.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join.
Gemini Founder Unveils XRP Cashback Rewards
On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.
Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.
He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.
Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively.
As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments.
Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution.
How To Participate In Gemini’s XRP Cashback
Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer.
The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually.
Featured image from SCMP, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Ethereum price has tumbled below $1,900 in a correction driven by a slew of factors. Outside of the technicals, one expert is pinning the blame on Ethereum’s failure to lead and innovate in the Web 3 space.
Ethereum Price Continues Its Steep Decline
According to CoinMarketCap data, technicals for Ethereum’s price are grim, with the second-largest cryptocurrency slipping below $1,900. At press time, Ethereum (ETH) is trading at $1,828 and shows no signs of reversing the grim trend.
A look at Ethereum’s chart does not indicate any signs of an uptrend or a short bounce to stoke embers of optimism. According to pseudonymous analyst Gum, Ethereum signals “relentless downward price action” that could see the asset fall below $1,800.
Over the last day, Ethereum has fallen by nearly 4% while its seven-day chart indicates a decline of nearly 8%. The decline of Ethereum price follows a broader market correction with the global crypto market capitalization losing nearly 3% of its valuation.
On the fundamentals side, things are equally grim for the Ethereum price. Unconfirmed reports of a potential Binance delisting ETH threaten to send Ethereum price to $1,500. Standard Chartered has slashed its ETH prediction for 2025 by 60%, projecting $4,000 as a potential price point by the end of the year.
Expert Says Network Has Itself To Blame
Ryan Watkins, co-founder at Syncracy Capital has taken swipes at Ethereum over its failure to keep pace with its peers. Watkins notes that a failure to capitalize on previous momentum during the last two market cycles is haunting Ethereum’s price.
Ethereum has fallen down the pecking order to new blockchains with Solana and Bitcoin tipped to have the upper hand over the network. An inflow of bridged funds from Ethereum to Solana is accentuating the network’s worrying metrics.
“No one wants to own a growth stage product that’s falling behind technologically superior competitors and bleeding market share,” said Watkins.
Watkins says the only for Ethereum to pull itself from the rut is to “deliver generational leadership and growth.” However, with the Pectra upgrade around the corner, enthusiasts are optimistic that Ethereum can reach $10,000. Hardcore community members are poking holes in Solana’s rise, attributing it a memecoin craze compared to Ethereum’s neck-deep foray into decentralized finance (DeFi).
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Burger King is joining ranks with other leading brands to dabble in digital assets, hinting at a coin launch. According to a post on micro-blogging platform X, the fast-food chain may be inching toward the launch of Burger Coin.
Burger King Hints At Burger Koin Launch
Global fast-food chain Burger King has hinted at the potential launch of a cryptocurrency, joining the league of brands with native digital assets. The UK arm of the fast-food chain teased Burger Koin in an X post, seeking community opinion for the coin.
“Shall we make a crypto burger coin called Burger Koin?” wrote Burger King on X.
The tweet has triggered widespread reaction across the cryptoverse, fuelling speculation for an imminent launch. Burger King’s tweet comes in the middle of a jarring market correction, with assets shedding their values.
While the tweet did not share further details, pundits are speculating over the direction of Burger Koin. A majority of analysts say Burger King’s crypto will come retrofitted with utility for holders. Burger Koin may be used for governance use cases, allowing holders to vote on new recipes while offering discounts and staking functionalities.
Since the tweet went live, several copycat tokens have garnered steam in the absence of further statements by the fast-food chain
Burger Koin May Operate As A Memecoin
Chances are that Burger King’s Burger Koin may take the form of a memecoin if the fast-food chain proceeds to launch. Pundits say that a memecoin with a streak of utility will be the best option for Burger Coin, given its vibrant community.
The recent declaration by the US SEC that memecoins are not securities may play a role in Burger King’s choice. Back in 2017, the Russian arm of the fast-food chain launched WhooperCoin as a part of a loyalty program for customers.
Burger King is no stranger to digital assets as it partnered with Robinhood to give out Dogecoin (DOGE) via sweepstakes. The fast-food chain has dabbled with NFTs after its brush with memecoins. Despite their soaring popularity Cathie Woods says memecoins will be worthless in the future since they have no intrinsic value.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections
Gemini Crypto Exchange Announces Rewards For XRP Users, Here’s How To Get In
Ethereum Price Falls Below $1900 As Expert Blames Decline On Network Stagnation
Ethereum Monthly RSI At 2018 Market Low — What Happened Last Time?
Ethereum Bulls Disappointed As Recovery Attempt Fails At $2,160 Resistance
Is Burger King Teasing Crypto Launch? Decoding Their X Post
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Market13 hours agoGRASS Jumps 30% in a Week, More Gains Ahead?
-
Bitcoin18 hours agoEl Salvador’s Nayib Bukele Open to White House Visit
-
Altcoin18 hours agoDid XRP Price Just Hit $21K? Live TV Display Error Goes Viral
-
Altcoin11 hours agoPepe Coin Whale Sells 150 Billion Tokens, Price Fall Ahead?
-
Ethereum17 hours agoEthereum Breakdown, Analyst Eyes $1,130–$1,200 Price Target
-
Bitcoin17 hours agoBitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm
-
Market17 hours agoDark Web Criminals Are Selling Binance and Gemini User Data
-
Market14 hours agoVitalik Buterin Promotes Ethereum Layer 2 Roadmap
✓ Share: