FomoScope - Crypto FOMO Detection & Analysis

cointelegraph.com Mar 28, 2025 05:12

South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont - South Carolina has become the latest US state to dismiss its lawsuit against crypto exchange Coinbase over its staking services, which had accused the crypto exchange of offering unregistered securities.The lawsuit was officially dismissed in a joint stipulation between the crypto exchange and the South Carolina Attorney General’s securities division on March 27.“South Carolina just joined Vermont to dismiss its unfounded staking lawsuit against Coinbase,” the firm’s chief legal officer, Paul Grewal, said in a March 27 X post.“This is not just a victory for us, but for American consumers and we hope its a sign of things to come in the few states left that restrict staking.”South Carolina Attorney General and Coinbase’s joint stipulation. Source: South Carolina Attorney GeneralSouth Carolina and Vermont were two of 10 US states that took legal action against Coinbases staking services on June 6, 2023 — the same day that the federal securities regulator filed its lawsuit against the crypto exchange.The Securities and Exchange Commission officially dismissed that lawsuit on Feb. 27, 2025.The other eight US states that filed enforcement action similar to South Carolina were Alabama, California, Illinois, Kentucky, Maryland, New Jersey, Washington and Wisconsin. Grewal said he hoped to see other states follow suit, and that South Carolina residents lost an estimated $2 million in staking rewards as a result of the lawsuit.“The 52 million Americans who own crypto deserve commonsense consumer protections and clear rules,” he said. “We applaud South Carolina for standing up for justice and hope the remaining states with bans on staking will take notice.”South Carolina introduces Bitcoin reserve billMeanwhile, a state lawmaker has just introduced the “Strategic Digital Assets Reserve Act of South Carolina” on March 27, which could see the state treasurer allocate up to 10% of certain state funds to cryptocurrencies such as Bitcoin (BTC).Unlike most US state crypto reserve bills, North Carolina’s House Bill 4256, introduced by Rep. Jordan Pace, mentioned Bitcoin on several occasions for the Strategic Digital Assets Reserve that the bill seeks to establish.Source: Jordan PaceThe bill allows South Carolina’s treasurer, currently Curtis Loftis, to establish a Bitcoin reserve that exceeds no more than 1 million Bitcoin — a high ceiling that the US federal government is also looking to reach or exceed with its recently established Strategic Bitcoin Reserve.The treasurer would be able to add Bitcoin to South Carolina’s General Fund, the Budget Stabilization Reserve Fund any other investment fund that they manage.Related: Coinbase files FOIA to see how much the SEC’s ‘war on crypto’ costWhile no mention of stablecoins, non-fungible tokens, Ether (ETH) or any other crypto tokens was made, the House bill said the Strategic Digital Assets Reserve wouldn’t be limited to Bitcoin.According to Bitcoin Law, 42 Bitcoin reserve bills have been introduced at the state level in 19 states, and 36 of those 42 bills remain live.Earlier this month, US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both of which will initially use cryptocurrency forfeited in government criminal cases.Magazine: Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana?

FOMO: 90%

fxstreet.com Mar 28, 2025 03:23

Cronos, CRO, jumps as SEC drops investigation into Crypto.com - Cronos (CRO), the native token of crypto exchange Crypto. com, rallied more than 10% on Thursday after announcing that the Securities & Exchange Commission (SEC) has dropped its investigation into the company.

CRO

FOMO: 85%

thecoinrepublic.com Mar 28, 2025 03:46

DTCC Partners with Chainlink Labs Amid Bullish Breakout—Can LINK Reach $30? - The Depository Trust & Clearing Corporation (DTCC) announced its membership with Chainlink Labs by joining ERC3643 Association in March 2025 which could spark LINK price rally. DTCC which processes on average $2. 4 Quadrillion of securities per year alongside choose Chainlink to advance its...

LINK

FOMO: 85%

coinpedia.org Mar 28, 2025 03:57

XRP Lawsuit News: SEC Officially Dismisses Lawsuit Against Kraken, Omits Ripple Case - S. Securities and Exchange Commission (SEC) has officially decided to drop its appeal against Ripple. Ripple, which faced accusations from the SEC regarding its sale of XRP tokens, has now emerged victorious, as the judge ruled in favor of Ripple multiple times

XRP

FOMO: 90%

crypto.franknez.com Mar 28, 2025 02:12

Ripple CEO now predicts a massive trillion-dollar opportunity - Discover the latest Ripple CEO news as Brad Garlinghouse shares insights on XRPs future amidst a booming cryptocurrency market.

XRP

FOMO: 85%

www.newsbtc.com Mar 28, 2025 03:30

Ethereum Sentiment Dips Among Retail Investors, Yet A Breakout Looms - Retail sentiment toward Ethereum (ETH) remains weak, but analysts suggest that a significant breakout could be on the horizon. Despite Ethereum’s sluggish price action, multiple on-chain indicators and technical patterns hint at an impending bullish reversal. Ethereum Retail Sentiment At Low Amid Sluggish Price Action According to cryptocurrency analyst Mister Crypto, retail interest in ETH is “extremely low,” as indicated by Google Trends data. Compared to its 2017 and 2021 peaks, Ethereum’s current sentiment ranks significantly lower, suggesting that many retail investors are sitting on the sidelines. Historically, low retail sentiment often signals a prime buying opportunity for institutional investors looking to accumulate assets before the next price surge. While weak sentiment reflects a lack of confidence among small investors, institutions tend to take advantage of such conditions, positioning themselves ahead of the next bullish cycle. Related Reading: Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In Despite the pessimism, crypto analyst Ted pointed out that the potential approval of an Ethereum exchange-traded fund (ETF) staking and the upcoming Pectra update could serve as key catalysts for a breakout. He suggests that these developments may help Ethereum regain momentum and push its price toward new highs. Fellow analyst Crypto Patel echoed this sentiment, noting that ETH is currently consolidating within an accumulation range. Based on historical price cycles and on-chain data, Patel expects Ethereum to break out after April, with a long-term target of $10,000. Additionally, analyst Titan of Crypto highlighted a bullish crossover on Ethereum’s weekly Stochastic RSI, a signal that has historically marked market bottoms. He suggests that ETH may be nearing the end of its bearish cycle, setting the stage for a strong rally. Further Pain For ETH? Sharing a contrasting viewpoint, noted crypto analyst Ali Martinez emphasized that there has been “no change in the outlook for Ethereum.” The analyst hinted that ETH is still likely to hit the lower-end of its current price range at $1,300. However, some on-chain indicators suggest Ethereum may already be undervalued. An analysis using the Market Value to Realized Value Z-score (MVRV-Z) indicates that ETH is trading at levels historically associated with price rebounds. This metric, which compares Ethereum’s market value to its realized value, suggests that ETH might be primed for accumulation. Related Reading: Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details For Ethereum to confirm a bullish reversal, it must break through strong resistance at $2,300. A successful breakout could push ETH toward $3,000 in the short term. Failure to surpass this level, however, might result in extended consolidation or another price decline. At press time, ETH trades at $2,007, down 0.5% in the last 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

FOMO: 85%

feeds2.benzinga.com Mar 28, 2025 02:40

Trump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12% - Crypto. coms native token Cronos (CRYPTO: CRO) surged to the top of the gainers list on Thursday after the firm announced that the SEC would not take any enforcement action against it. read more

BTC

FOMO: 85%

cointelegraph.com Mar 28, 2025 02:42

France’s state bank earmarks $27M for crypto with ‘strong French footprint’ - France’s state-owned bank says it will spend 25 million euros ($27 million) buying cryptocurrencies that support local crypto and blockchain projects.Bpifrance said in a March 27 press release that it would back newly formed projects “with a strong French footprint” where it will receive tokens in return for its investment and will look to fund decentralized finance (DeFi), staking, tokenization and artificial intelligence.It added that the plan, supported by the French Ministry of Economy and Finance, was to “promote emerging technologies and strengthen the French blockchain ecosystem.”The global blockchain ecosystem is “currently booming” but the number of French funds taking part is still very limited, it said. French digital and AI minister Clara Chappaz said public and private financing was “one of the keys to the sustainable positioning of our ecosystem on the international stage.”Bpifrance deputy CEO Arnaud Caudoux said that it was convinced of the growing importance that blockchain companies “will take on in the years to come and want to increase French competitiveness and presence in the digital assets field.”“The US is really accelerating its own crypto strategy, so this is all the more important,” Caudoux said at a press conference, as reported by Reuters. He added that Bpifrance had started to support crypto before the US started its own pro-crypto moves.Bpifrance’s headquarters in Paris. Source: GoogleThe bank said it had backed the blockchain sector for a decade and had invested over 150 million euros ($162 million), notably helping to finance the crypto hardware wallet company Ledger in 2014.Bpifrance said it began testing limited investments through tokens in 2022, including a deal with the DeFi lending platform Morpho to buy its token — which has grown to be the 12th largest protocol by value at $3.24 billion, according to DefiLlama.Related: Bybit removed from French regulator’s blacklist, eyes MiCA licenseVenture capitalists often take part in investments paid in tokens. PitchBook expects crypto VC deals to top $18 billion this year, a marked increase from the $13.6 billion raised in 2024.Typically, a crypto platform that launches a token will allocate a portion of its supply to financiers subject to varying lockup periods where the tokens can’t be sold.A portion of the token supply is usually immediately given to select public users in order to drum up liquidity, which can cause token values to slide if they cash out.Magazine: How crypto laws are changing across the world in 2025

FOMO: 85%

cointrackdaily.com Mar 28, 2025 01:16

US lawmakers eye Bitcoin as a solution to $36 trillion national debt - 28-3-2025 – Prominent US figures are championing Bitcoin as a potential salve for Americas mounting national debt crisis. At the prestigious DC Blockchain Summit, Wyoming Senator Cynthia Lummis unveiled an ambitious vision suggesting that Bitcoin holdings could slash the nations $36 trillion...

BTC

FOMO: 85%

www.newsbtc.com Mar 28, 2025 00:30

Waiting For An Altcoin Season? Analyst Says A Weekly Close Above This Level Would Trigger A Rally - The crypto market is still trying to recover from its crash in early March, and sentiment is currently fluctuating. Although the Fear & Greed Index is still in the fear zone, the Bitcoin price is now slowly pushing back toward $90,000, which has been slowly changing the sentiment among altcoins. Rekt Capital, an influential analyst on X, reignited hope for an incoming altcoin season with a key technical signal. According to the post, a breakout in the altcoin market cap could soon take shape if one critical condition is met. The analyst shared a chart and commentary suggesting that the next major rally may already be in motion, provided that the altcoin market cap can secure a weekly close above a particular level. Weekly Close Above $250 Billion Could Be The Game Changer The altcoin market cap reached a multi-month low in the first week of March after the crash that saw many cryptocurrencies shell out weeks of price gains within a short period. This crash briefly pushed the altcoin market cap below $200 billion, although it eventually closed the week above this threshold. However, this market cap has steadily been inching upwards in the last two weeks since the crash. Related Reading: Crypto CEO Calls Start Of The Altcoin Season With A Caveat At the time of writing, the altcoin market cap has risen back to around $249 billion. Technical analysis from crypto analyst Rekt Capital emphasized that a weekly close above the $250 billion mark would mark a significant technical shift for alts. This level, highlighted in blue on the chart below, will be an important resistance level for crypto investors waiting for the altcoin season. The analyst noted that a decisive close above it would likely precede a breakout rally toward the $315 billion level, marked in red. That move wouldn’t just signal short-term bullishness; it would also serve as confirmation that the bottom for altcoins has already been established. However, even if the altcoin market cap were to surge quickly towards $315, there would still be some work to do to return in order to the recent high of $451 billion set in December 2024. Shallow Correction Points To Stronger Momentum Ahead For Altcoin The nature of the current correction from this $451 billion altcoin market cap adds more weight to the possibility of an altcoin rally. According to the analyst, the ongoing correction has only reached a 55% drawdown from its local high, notably shallower than the previous major altcoin bear market retracements of 69% and 85%. Related Reading: Altcoins Season: Recent Crypto Dip Shows Decline May Be Over And Bulls Are Taking Charge The shallower decline in the current retracement is interpreted as a sign of growing market maturity among altcoins. This implies that the selling pressure may be waning and that bulls are preparing for a stronger push. It also means that the $425 billion altcoin market cap resistance is weakening as a point of rejection, which in turn increases the chances of a breakout at the next visit. Featured image from iStock, chart from Tradingview.com

FOMO: 88%

news.bitcoin.com Mar 27, 2025 23:40

‘I Am Bullish’: Senator Fuels Aggressive Push for US Digital Supremacy - “Bullish” lawmakers vow to reclaim U.S. digital supremacy, pushing legislation to reverse blockchain industry flight and anchor innovation on American soil before it’s too late. Confidence Surges in D.C. as Lawmakers Gear Up for US Blockchain Domination Senate Banking Committee Chairman Tim Scott and House Financial Services Committee Chairman French Hill shared their unified stance […]

FOMO: 85%

news.bitcoin.com Mar 27, 2025 22:30

Despread: 70% of South Korean Crypto Investors Profited in 2024, Driven by BTC, XRP, and ETH - A recent report by Despread Research reveals that 70% of South Korean crypto investors made a profit in 2024, with BTC, XRP, and ETH being the most popular holdings. Optimism remains high for 2025, with many expecting bitcoin to surpass $100,000 (150 million KRW). Bitcoin Leads South Korean Investor Portfolios as Optimism Grows for 2025 […]

FOMO: 85%

ambcrypto.com Mar 27, 2025 22:00

Bitcoins exchange supply falls to 7.53% – Is a bullish phase in sight? - Bitcoins reduced supply and positive metrics signal potential for upward momentum despite market volatility.

BTC

FOMO: 85%

dailyhodl.com Mar 27, 2025 22:01

Three Ethereum-Based Altcoins on the Rise Following Coinbase Announcement - Top US-based crypto exchange platform Coinbase is adding three new Ethereum (ETH)-based altcoins to its suite of products, causing the assets to skyrocket.

ETH

FOMO: 85%

newsbtc.com Mar 27, 2025 22:00

One Of Bitcoins Most Reliable Buy Signals Just Flashed - The Hash Ribbon indicator—an on-chain metric designed to identify periods of miner capitulation and subsequent recovery—has just issued a bullish signal for Bitcoin. Several well-known figures within the BTC community highlighted the event through posts on X , suggesting that the signal could...

BTC

FOMO: 90%