Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Pi Network's rally stalls, CEX deposits surge indicating profit-taking

Pi Network's rally stalls, CEX deposits surge indicating profit-taking

Pi Network (PI) surged over 25% in March, but CEX deposits skyrocketed to 3.91 million coins, indicating profit-taking pressure is accumulating. Social media buzz is increasing, and technical indicators are bullish, but the overall trend remains bearish. The resistance level is at $0.2396, and the support is at $0.1977. Large deposits suggest a possible local top, so caution is advised.

Gate Daily (March 11): SEC and CFTC sign Memorandum of Understanding; US requests re-examination of Tornado Cash co-founders

Bitcoin (BTC) is currently maintaining a price of around $70,000. The Chairman of the U.S. Securities and Exchange Commission (SEC) announced that they will coordinate with the Commodity Futures Trading Commission (CFTC) for joint meetings regarding product applications. Additionally, the case of Tornado Cash co-founder Roman Storm will be retried. The market is volatile due to geopolitical influences, and investor sentiment is poor, but a significant decline in the short term is unlikely.

TRUMP Meme Coin Plummets 96% from Peak, Trump Polls Worsen, Accelerating Collapse

TRUMP Token recently dropped to $2.87, with a total decline of over 96%, hitting a record low. Its decline is related to the sharp drop in President Trump's approval ratings, indicating that waning political enthusiasm has a significant impact on token valuation. The market is sensitive to geopolitical volatility, and with WLFI tokens also under pressure, it demonstrates the high-risk nature of political-themed meme coins.

Trump's tax cuts bring a $3,700 refund, but cryptocurrency taxes remain unchanged

The Trump administration's "Middle-Class Tax Relief" policy showed results in the 2026 tax season, processing over 63.5 million tax returns with an average refund of over $3,700, but it did not cover cryptocurrency taxation rules. Cryptocurrency investors still need to report capital gains taxes according to current tax laws. The newly launched "Trump Account" program also offers government funding, but the complex tax reporting situation for cryptocurrencies remains.

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Crypto Crime Hits $154B in 2026, Says Chainalysis Report

_Chainalysis reports $154B in illicit crypto in 2026, $2B stolen by DPRK hackers, and a 694% surge in sanctioned entity activity._ Global cryptocurrency adoption continues to expand, yet criminal use of digital assets remains a concern for regulators and investigators. The Chainalysis 2026
LiveBTCNews·11m ago

Arthur Hayes suspends Bitcoin purchases; the Federal Reserve printing money is the real trigger

Legendary trader Arthur Hayes stated that although he predicts Bitcoin could reach $250,000 by 2026, he will not be investing funds in the current market environment. He emphasized the need to wait for the Federal Reserve to ease policies and print money before entering the market, and warned that Bitcoin faces short-term downside risks, such as escalating US-Iran conflicts and technical support dropping to $60,000. Despite his cautious stance in the short term, he remains optimistic about Bitcoin's long-term prospects.
MarketWhisper·18m ago
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Pi Network's rally stalls, CEX deposits surge indicating profit-taking

Pi Network (PI) surged over 25% in March, but CEX deposits skyrocketed to 3.91 million coins, indicating profit-taking pressure is accumulating. Social media buzz is increasing, and technical indicators are bullish, but the overall trend remains bearish. The resistance level is at $0.2396, and the support is at $0.1977. Large deposits suggest a possible local top, so caution is advised.
PI8,21%
MarketWhisper·38m ago
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Ripple plans to acquire an Australian payment company in April to obtain a financial services license

Ripple plans to acquire BC Payments Australia in April to obtain an Australian Financial Services License (AFSL) in order to provide comprehensive financial services. The AFSL will enable Ripple to effectively manage the entire transaction process and strengthen its presence in the Australian market. At the same time, Ripple has rapidly obtained multiple licenses over the past year, further enhancing its global business capabilities. In Australia, the crypto market faces banking restrictions, and Ripple's entry aims to improve this situation.
XRP-0,43%
MarketWhisper·54m ago
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Kalshi loses lawsuit against Ohio sports betting case, CFTC federal jurisdiction argument rejected by court

The Federal Court of Ohio dismissed Kalshi's injunction request, ruling that the CFTC's exclusive jurisdiction over sports event contracts and the federal law preemption argument are both unsubstantiated, and noting that the CFTC's inaction does not prove that the contracts are federally regulated. Kalshi expressed disagreement with the ruling and will appeal. This decision strengthens state-level regulation of prediction markets and could impact the future legal framework of the industry.
MarketWhisper·1h ago
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