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Original Title: "Solana Breaks Record, Ethereum in Crisis -- When Will the Turnaround Come?" Source: BlockBlick Compiled by: Yuliya, PANews After months of intense fluctuations in the crypto market, the latest episode of the "BlockBlick" podcast provides a detailed analysis of recent dynamics in the crypto market, particularly the performance of Ethereum and Solana, as well as the future direction of the entire cryptocurrency market. PANews has provided a written compilation of this episode. Recently, the Ethereum market has experienced significant volatility, setting a historical high for daily liquidation volume. According to Coinglass data, the liquidation volume for Ethereum's long and short positions in a single day exceeded that of previous major events, including the FTX collapse and the Three Arrows Capital crisis. Market sentiment is extremely low, with short positions in Ethereum on the CME futures market also reaching new highs, indicating a lack of confidence among investors. Nevertheless, some investors are taking advantage of the price pullback to position themselves, with over $300 million flowing into Ethereum-related ETFs this week. Despite the weak price, Ethereum's technical ecosystem is steadily developing: However, low gas fees also reflect a decline in Ethereum network usage, with a slowdown in ecosystem activity. Since the merge, Ethereum has entered an inflationary state for the first time, with the current supply of Ethereum exceeding pre-merge levels, indicating an increase in the number of Ethereum tokens circulating in the market. Observing the Ultrasound Money chart, it can be seen that Ethereum's deflationary trend had persisted for years, but since the emergence of Layer 2 scaling solutions, which reduced reliance on the main chain, the amount of Ethereum being burned has decreased, leading to a gradual return of Ethereum's supply to an inflationary state. However, compared to Bitcoin, Ethereum's inflation rate remains relatively low, expected to fluctuate between -1% and +1% in the future. Therefore, although the market expresses concerns, this fluctuation is anticipated and does not imply a threat to the long-term health of the Ethereum ecosystem. It is worth noting that only 1% of Bitcoin miners' income in the past week came from transaction fees, with the remainder primarily relying on block rewards. Given Bitcoin's halving mechanism every four years, if mainnet transaction volumes do not significantly increase, miners' income may face challenges in the future. In contrast to Ethereum's challenges, Solana is showing strong momentum. Although its price has fallen from a historical high of $250 to $202, the decline is relatively moderate. The Solana network recently achieved an important milestone: it has operated for a full year without major outages, which is significant in its development history. Particularly in the past 35 days, even amid peaks such as the Meme coin craze and the launch of Trump meme coins, the network has remained stable. According to Artemis data, Solana is far ahead in terms of daily active addresses: These developments may impact the competitive landscape of the cryptocurrency market. While Ethereum maintains a lead in enterprise-level applications and tokenization of physical assets, Solana's advantages in performance and user activity cannot be overlooked. This competitive dynamic offers market participants a more diversified range of investment options. The recent activity in the Solana ecosystem has partly benefited from the popularity of Memecoins, particularly driven by the Pump.fun platform. Data shows that this platform generates about 70,000 new tokens daily, with a total reaching 7.5 million. According to CoinMarketCap, the total number of tokens issued is close to 11.04 million, indicating a significant market share for Pump.fun. However, the Meme coin craze has also brought some negative effects: a large influx of funds into the Memecoin market has led to reduced attention on other projects, dispersing market funds. Additionally, many investors have incurred losses due to the high speculation of Memecoins, further weakening market confidence. This presents a significant challenge for the current cryptocurrency market: despite a large influx of funds, most are directed towards short-term, high-risk investments, lacking projects with long-term sustainable development. In this process, while some projects like Bitcoin and Solana have shown stable growth, others struggle to generate meaningful value. This situation places the entire market in a precarious state, especially for Ethereum, which remains a leader among projects with long-term value. Despite Solana's progress in technical stability, on-chain activity has recently declined. Data shows that the number of active addresses on Solana and the trading volume of Memecoins have both retreated from their peaks, indicating a waning enthusiasm for Memecoins in the market. The launch of Trump Meme coins is considered the peak of this craze, but as speculative fervor diminishes, Solana needs to seek new growth drivers. Additionally, the activity of Base and other blockchains has shown similar declines, indicating a reduction in retail participation across the entire crypto market. Meanwhile, Bitcoin's network activity has also shown similar weakness, with overall blockchain activity experiencing a downturn. A significant issue in the current market is that many investors seem to have lost their enthusiasm for cryptocurrencies, especially in the absence of sufficient "cheap capital," lacking large-scale market incentives. Due to macroeconomic factors such as interest rate hikes, demand for risk assets has decreased, leading to underperformance in the crypto market. Historically, periodic bubbles and downturns are common phenomena in the cryptocurrency market. During periods of low market sentiment, it is often the time when new entry opportunities arise. Currently, we are in a relatively negative market sentiment phase, with declining market activity; however, this may precisely signal a potential rebound in the future. As the Crypto Fear and Greed Index illustrates, when the market is in a state of fear, it is often a time when opportunities may arise in the long run. At this point, investors may begin to reposition themselves, and market sentiment could shift towards the positive. The main issue in the current market lies in the interest rate environment. A true altcoin bull market, the so-called "altcoin season," can only occur when people can access low-cost capital. However, in this cycle, due to U.S. interest rates remaining high at around 4.5%, the market has not seen this situation. In terms of market liquidity, from last November to January 20 during Trump's presidency, billions of dollars in stablecoins flowed daily into cryptocurrency exchanges like Binance and Coinbase. However, this strong momentum has weakened, and while positive inflows are still maintained, the momentum has clearly declined and may even turn negative. Regarding future trends, the market is primarily focused on the Federal Reserve's policy direction. Currently, U.S. inflation remains relatively high, and the Federal Reserve is not yet prepared to cut interest rates, which somewhat limits market development and delays the arrival of a true altcoin season. The next Federal Reserve interest rate decision will take place on March 18-19. Trump is actively pushing for interest rate cuts, which is one of his key policy agendas. Only when market funds are abundant can businesses thrive and venture capital become active. Trump has strongly criticized the decision to maintain interest rates on January 29, but rate cuts still face challenges until inflation issues are fully resolved. From the data, U.S. inflation rates are nearing the target level of 2%. Since June 2022, inflation rates have been on a downward trend, although there have been some stalls during this period, the overall downward trend continues. The market expects a 92% probability of the Federal Reserve cutting rates in March, which is a strong expectation. However, some believe that Trump's tariff policies may lead to a rebound in inflation, although this impact may be limited to specific goods and will take time to reflect in the data. The decline in oil prices is crucial for controlling inflation, and Trump is vigorously promoting increased domestic oil production. Additionally, the weakness of the dollar also provides favorable support for Bitcoin prices. Therefore, from the data perspective, this stage may be a good entry point. Although the fundamentals are improving, the market currently faces many uncertainties, including the specifics of tariff policies and potential responses from China and the EU. These uncertainties put pressure on the market, but this situation will not last forever. Many significant changes are occurring in the market. While not all issues have been resolved, some progress is still noteworthy: Overall, the cryptocurrency industry is undergoing unprecedented fundamental changes: The current market cycle is indeed longer than previous ones, and there are ample reasons for this: From a positive perspective, the economy's ability to withstand the current high interest rate levels is itself a healthy sign. This indicates that the economic fundamentals remain robust, laying the foundation for future sustainable development. The current market environment is vastly different from the past. If policies are overly loose, it may trigger a new wave of inflation in the long run, which is clearly not the outcome the market desires. For market participants, it is crucial to remain calm and rational. Currently, it is necessary to: Maintaining a cautious and calm investment mindset is more important than ever. Market dynamics will continue to update, and it is essential to remain vigilant and strictly control risks.

Gumi, a publicly traded Japanese game studio, has decided to buy 1 billion yen worth of Bitcoin, that’s equivalent to $6.6 million. In a press release, the Japanese gaming giant spelled out its reasons for jumping into the purchase of a sizable chunk of cryptocurrency. According to Gumi, buying crypto in such a significant volume will allow the company to promote initiatives to strengthen its financial field in blockchain and other business areas. The firm also mentioned it’s growing its portfolio in the node management business. Notably, Gumi will be the first Japan-based, publicly listed company to join in as a validator for the “Babylon” staking protocol in the second quarter of the fiscal year ending April 2025. Related: MetaPlanet Launches Bitcoin Treasury Operations, Issues New Bonds to Fuel BTC Purchases In the meantime, Gumi’s current status allows it to repurpose its surplus Bitcoins, using them as security collateral for other blockchains. Under these circumstances, the gaming giant is investing surplus funds in Bitcoin by staking it on Babylon. The latest development triggered a surge in Gumi’s shares, which saw a 3.6% uptick shortly after the announcement, as the gaming giant plans to capitalize on Bitcoin’s potential growth. Gumi will stake more funds through the Babylon protocol while regularly assessing its crypto holdings to record gains or losses in its financial statements. Gumi’s notable exposure to Bitcoin signals a growing trend of Asian companies embracing crypto. Last December, Japanese investment firm Metaplanet, added Bitcoin Treasury Operations as an official business line within its structure. With that move, the company established Bitcoin as a core part of its operations. Related: Metaplanet’s Stock is Up 3,600% Thanks to Bitcoin Less than two months after Metaplanet’s internal structural adjustment, the company’s stock skyrocketed 3,600%. Reports say Metaplanet has decided to acquire 21,000 BTC by 2026, aiming to pump up its digital asset holdings. The investment company currently owns 1,762 BTC, valued at about $172.3 million. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Pump.fun’s co-founder Alon Cohen has dismissed speculation about an upcoming PUMP token launch. The development comes as the platform is facing a potential class-action lawsuit for the alleged sale of unregistered securities. Token Launch Rumors Cohen addressed the rumors on X, stating, “Seeing rumors about a potential pump fun token – these are wrong.” He also urged users to rely only on official updates from the team. The executive emphasized that the platform remains focused on improving its services and rewarding users, adding that “good things take time!” His response followed reports from Wu Blockchain, which suggested that Pump.fun was preparing for a Dutch auction in collaboration with unnamed centralized exchanges. This also led to rumors about a potential airdrop for early adopters. The publication claimed to have obtained internal documents outlining the token issuance process. It also stated that the timing of the release had not been finalized, citing legal challenges faced by the Solana-based meme coin maker. The claims also alleged that the token would have a total supply of 420 million, with 50% available for public sale at release. However, Cohen has denied all these rumors, stating that all reports of a token launch were false. Legal Challenges Pump.fun is currently facing a proposed class action lawsuit accusing the platform of securities violations. The suit claims that every token created through Pump.fun qualifies as an unregistered security and alleges that the company has generated nearly $500 million in fees from these transactions. A similar case was filed by a different plaintiff just two weeks earlier. Beyond its legal troubles, the platform has also dealt with controversy over a livestream feature introduced in November 2024. While intended to boost user engagement, the feature was quickly exploited to broadcast explicit and disturbing content. In response to public backlash, Pump.fun shut down the function, resulting in a decline in revenue. Last year, the FCA also warned against Pump.fun, stating that it may be providing or promoting financial services or products without proper authorization. As a result, the company was forced to block access to its services for UK users. Despite these challenges, activity on the Solana-based meme coin launchpad remains strong. Additionally, Solana continues to lead the retail decentralized exchange (DEX) market, accounting for 48% of total DEX volume, with nearly 60% of this activity driven by Pump.fun. The post Pump.fun Co-Founder Dismisses PUMP Token Launch Speculation appeared first on CryptoPotato.

#Bitcoin and Gold have moved in tandem in recent years, both pushing higher. Gold led the 2024 pump, and BTC caught up towards the end of the year. Gold is leading the way again, with a strong rally. Can Bitcoin follow once more?

We are still in loss, but we believe it will pump🔥. Analog to $0.6 By the grace of God.