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  • Hyperliquid DEX trading volumes cut into CEX market share: Data
    by Marie Poteriaieva on March 31, 2025 at 9:30 pm

    Data shows Hyperliquid’s trading volumes eating into centralized exchange trading market share. Hyperliquid is one of the current bull market’s standout DeFi success stories. With daily trading volumes having reached $4 billion, the exchange has become the largest decentralized (DEX) derivatives platform, commanding nearly 60% of the market.Hyperliquid still lags far behind Binance Futures’ $50 billion daily average volume, but the trend suggests that it has started to encroach on centralized exchange (CEX) territory.Launched in 2023, Hyperliquid gained popularity in April 2024 after launching spot trading. This, combined with its aggressive listing strategy and easy-to-use onchain user interface, helped to lure in a wave of new users.Read more

  • Crypto PAC-supported candidates make a final push to Florida voters
    by Turner Wright on March 31, 2025 at 8:58 pm

    Two special elections have the potential to narrow Republicans’ majority in the House of Representatives, but many experts suggested the races are a long shot for Democrats. Two Republican candidates supported by at least a combined $1.5 million in media spending from a cryptocurrency-backed political action committee (PAC) are making final pleas to voters turning out for special elections in Florida congressional districts.On April 1, voters in Florida’s 1st and 6th congressional districts will head to the polls to decide whether to keep Republican representatives or hand over control to Democrats for the first time in roughly 30 years. The Defend American Jobs PAC — an affiliate of Fairshake, which poured more than $131 million in the 2024 US election cycle — has spent a combined $1.5 million on media for Republicans Jimmy Patronis and Randy Fine, running against Democrats Gay Valimont and Josh Weil, respectively.Source: Gay Valimont for CongressRead more

  • 4 key Bitcoin metrics suggest $80K BTC price is a discount
    by Marcel Pechman on March 31, 2025 at 8:30 pm

    Bitcoin price fails to find upward momentum, but multiple data points prove BTC currently trades at a discount. Bitcoin (BTC) price dropped from $87,241 to $81,331 between March 28 and March 31, erasing gains from the previous 17 days. The 6.8% correction liquidated $230 million in bullish BTC futures positions and largely followed the declining momentum in the US stock market, as the S&P 500 futures fell to their lowest levels since March 14.Despite struggling to hold above $82,000 on March 31, four key indicators point to strong investor confidence and potential signs of Bitcoin decoupling from traditional markets in the near future.S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView / CointelegraphRead more

  • VC Roundup: 8-figure funding deals suggest crypto bull market far from over
    by Sam Bourgi on March 31, 2025 at 8:28 pm

    Across Protocol, Crossmint, Validation Cloud, Abound, Scytale Digital, Chronicle, Halliday and Level USD announced funding rounds in March. Venture capital funding continued to pour into the blockchain and cryptocurrency industry in March, even as market commentators sensationalized the end of the bull market amid Bitcoin’s 30% retracement. VC flows are considered a vital sign for the blockchain industry, with higher deal activity indicative of strong investor appetite and growing innovation in the space. As Cointelegraph reported, blockchain startups raised a combined $1.1 billion in February alone, with projects spanning decentralized finance, decentralized physical infrastructure networks and payments attracting the lion’s share of capital flows. Read more

  • Bitcoin whale accumulation trend mirrors 2020-era bullish activity after BTC price bounces off $81K
    by Biraajmaan Tamuly on March 31, 2025 at 7:45 pm

    Bitcoin whales goggle up BTC every time it slips to its price range lows, mirroring a bullish trend seen in 2020. Bitcoin (BTC) price dipped below its ascending channel pattern over the weekend, dropping to $81,222 on March 31. The top cryptocurrency is set to register its worst quarterly return since 2018, but a group of whale entities are mirroring a 2020-era bull run signal. Bitcoin 1-day chart. Source: Cointelegraph/TradingViewIn a recent quick take post, onchain analyst Mignolet explained that “market-leading” whale addresses holding between 1,000 to 10,000 BTC exhibited a high correlation with Bitcoin price. The analyst said that these entities are resilient to market volatility and show accumulation behavior, mirroring patterns of the 2020 bull cycle.Read more