Bitwise Files for First Physically-Backed Dogecoin ETF
Bitwise has filed with the SEC to propose the first physically-backed ETF for Dogecoin (DOGE). The move aims to ensure that DOGE is accepted as a legitimate asset class for institutional investors. The ETF will provide investors with direct access to DOGE by offering secure custody services and transparent valuation mechanisms. However, the Dogecoin price remained stable at $0.32 after the filing as the market took a cautious stance due to DeepSeek concerns.
Active Addresses on Ethereum Network Increased by 37%
Active addresses on the Ethereum network increased by 37%, from a low of 420,000 seen in November to 575,000. The number of daily transactions increased from 1 million to 1.3 million, while Uniswap maintains its leading DEX position with a 22% market share. Trump-linked World Liberty Financial purchased $47 million worth of ETH last week, while institutional interest in the Ethereum ecosystem is increasing. Calls for increased development speed could affect Ethereum’s technical roadmap. On the other hand, the network’s transaction fees are on a downward trend, falling to $2.22 million in the last 24 hours.
Tuttle Capital Aims to Get First ETFs Approved for Chainlink, Cardano, and Polkadot
Tuttle Capital Management filed with the SEC to propose the first exchange-traded funds (ETFs) for Chainlink (LINK), Cardano (ADA), and Polkadot (DOT). The applications cover a total of 10 ETFs, including 2x leveraged ETFs as well as XRP, Solana (SOL), Litecoin (LTC), and Melania and Trump meme coins. These high-risk investment products aim to track the daily performance of their reference assets by 200%. The industry is hopeful that approvals could accelerate with the appointment of pro-crypto SEC Chairman Mark Uyeda. If approved, the ETFs are expected to launch in April.
Ondo Finance Brings $185 Million of Tokenized Treasury Products to XRP Ledger
Ondo Finance has brought its $185 million tokenized US Treasury product, OUSG, to the XRP Ledger network. Backed by BlackRock’s BUIDL fund, OUSG offers 24/7 minting and redemption with Ripple’s RLUSD stablecoin. This sector, which is accelerating with the tokenization of real assets, provides faster transaction times and high efficiency advantages. Ripple and Ondo Finance are making initial investments for liquidity, while OUSG is planned to be fully launched in six months. Following the news, Ondo’s governance token ONDO gained 4% and XRP Ledger strengthened its place in tokenized treasury solutions.
SEC Removes Ripple Lawsuit from Website, Legal Process Moves to Appeal
The SEC removed documents related to the Ripple lawsuit from its website, while the case moved to the Second Circuit Court of Appeals. Ripple requested until April 16, 2025 to present its defense in the appeal process. The SEC is arguing that XRP sales to retail investors should be considered securities and is seeking to overturn the previous decision. Ripple CEO Brad Garlinghouse called the SEC’s arguments “a repetition of failed claims,” and the legal process is expected to set a critical precedent for digital asset regulation.
Ripple CEO Garlinghouse Opposes Bitcoin Reserve Only
Ripple CEO Brad Garlinghouse argued that a digital asset reserve to be established in the U.S. should not focus solely on Bitcoin. Garlinghouse stated that such a reserve should reflect the diversity of the crypto ecosystem, and that an approach that represents the entire industry would be more balanced. Supporters of the Bitcoin reserve, on the other hand, argue that it would strengthen national economic interests. However, Garlinghouse emphasized that progress in the sector will be possible with unity and criticized focusing solely on Bitcoin as an “outdated perspective.” The statement reignited the growing tension between Bitcoin advocates and Ripple.
Arizona Takes First Step Towards Bitcoin Reserve
The Arizona Senate Finance Committee has approved the Arizona Strategic Bitcoin Reserve Act, which would allow public funds to invest in Bitcoin and other digital assets. The law allows up to 10% of public funds to be invested in crypto assets like Bitcoin. The bill also includes regulations for the safekeeping of these assets in the event that a strategic Bitcoin reserve is established by the U.S. Treasury Department. After Senate approval, the bill will be submitted to the House of Representatives. Arizona could become the first state to create a Bitcoin reserve with this legislation. In the US, 11 states have so far filed their own Bitcoin reserve bills.
Hive Digital to Buy Paraguay Mining Site from Bitfarms for $85 Million
Hive Digital Technologies will buy the Yguazú mining site in Paraguay from Bitfarms, increasing its hashrate capacity from 6 Eh/s to 25 Eh/s by September. The company will pay $56 million for the site and assume $29 million in liabilities. The cost of developing the site to 200 MW capacity is estimated at $400,000 per MW. Following the acquisition news, Hive shares increased by 4.68% in the pre-market.
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BITCOIN (BTC)
BTC is priced at $ 102,011 as of the morning hours with a 0.67% gain in value. It is observed that it found strong support at 96,060.85 and is recovering. This support level plays an important role in the short-term price movements of the pair. The current price movements are fluctuating in a region close to the 102,451.99 resistance. If the price manages to break this level, the upward movement is likely to continue towards the red resistance zone at 105,000 – 108,000 levels. However, if the price rejects the 102,451.99 level, a pullback to the green support zone of the 100,000-98,000 band is possible. This zone also acts as a strong demand area and has seen a recovery in previous price movements. If this support area is broken, the price is likely to retest the 96,060.85 level.
ETHEREUM (ETH)
ETH is priced at $ 3,123 as of the morning hours with a 1.50% gain in value. It shows that it is moving below the resistance at 3,240.55 and was rejected from this level in the previous days. The area indicated by the green box (3,240 – 3,360) stands out as a strong supply area. It is observed that the selling pressure is intense in this area and the price cannot break these levels. On the lower side, the price is seen to have recovered from the blue support area at 3,040. This area acts as a significant demand area where the price is likely to react to the upside. If the price breaks below 3,040, the decline is likely to accelerate and continue to the next support level in the 2,900-2,950 range. In the short term, breaking 3,240.55 could create an opportunity for the price to move towards the red resistance area of 3,360 and above. However, a close above this level is necessary for the upside movement to continue. If the price fails to clear this level, a pullback towards the 3,040 support may be observed again.
RIPPLE (XRP)
XRP is priced at $ 3,124 with a 1.03% gain as of the morning hours. It is seen that the price moved towards the resistance area at the 3.2000 level, but was rejected at this level. This resistance represents an important area where buyers are testing the momentum and selling pressure is increasing. When we look at the downward support levels, it is observed that the price reacted and rose from the support area indicated by the orange box at the 2.8716 level. This area is a strong demand area and when the price reaches this level, it appears as an area where buyers step in. Further down, the 2.7220 level can be monitored as the next important support point. If the price breaks the resistance at 3.2000, upward movements can be expected to accelerate and new targets can be formed. However, as long as it remains below this resistance, there is a risk that the price may pull back to 2.8716 or lower support levels.
AVALANCHE (AVAX)
AVAX is trading at $ 32.98 as of the morning hours with a 2.84% gain in value. It is seen that the price is under downward pressure and is trying to hold above the 32.95 level. This level can be evaluated as a short-term support. The first important resistance level to be considered on the upward side is at 35.63. If this level can be exceeded, the price is likely to move towards the 37.67 and 39.05 levels. However, the 42.06 level indicated on the chart represents a stronger resistance zone. If this zone is reached, selling pressure can be expected to increase. In a downside scenario, if a close occurs below 32.95, there is a risk that the price will decline to deeper support levels. In this case, the 30.00 – 31.00 band can be followed as the next target.
SOLANA (SOL)
SOL is priced at $ 231.15 with a 1.82% gain as of the morning hours. It is seen that the price is close to a support area at 229.30 and this level plays a role as a short-term critical support. In case of a downward break of this level, there is a risk that the price will retreat towards a stronger support area at 201.83. In upward movements, the level of 245.52 can be monitored as a resistance. A close above this level could increase buyer dominance and allow the price to regain upward momentum. However, the current price action suggests that selling pressure could continue in the short term.
