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

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.

Why did Bitcoin rise today? Oil prices plummeted 28%, ETF funds return to Bitcoin

Bitcoin has recently risen to approximately $70,000, driven by three main factors: Trump's announcement that the Iran conflict has ended, leading to a sharp drop in oil prices; the return of funds to spot Bitcoin ETFs; and MicroStrategy's large-scale Bitcoin purchases. The decline in oil prices has improved market sentiment, shifting towards risk assets, benefiting Bitcoin. On the technical side, Bitcoin faces resistance around $71,000; if it can break through, it may further rise.

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73% of Americans in financial distress are turning to cryptocurrencies, with financial nihilism sweeping Generation Z

Research shows that 73% of Americans using cryptocurrencies gamble due to financial hardship, with the rate among Generation Z reaching 80%. As high living costs and traditional savings methods become ineffective, investing in high-risk assets is seen as a way to pursue financial goals. The appeal of cryptocurrencies comes from the hope of improving one's situation rather than pure greed.
MarketWhisper·7m ago
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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.
BTC1,49%
AAVE3,8%
MarketWhisper·25m ago
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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.
TRUMP1,49%
WLFI1,47%
MarketWhisper·45m ago
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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.
ETH1,15%
MarketWhisper·51m ago
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Why did Bitcoin rise today? Oil prices plummeted 28%, ETF funds return to Bitcoin

Bitcoin has recently risen to approximately $70,000, driven by three main factors: Trump's announcement that the Iran conflict has ended, leading to a sharp drop in oil prices; the return of funds to spot Bitcoin ETFs; and MicroStrategy's large-scale Bitcoin purchases. The decline in oil prices has improved market sentiment, shifting towards risk assets, benefiting Bitcoin. On the technical side, Bitcoin faces resistance around $71,000; if it can break through, it may further rise.
ETH1,15%
XRP1,46%
SOL0,83%
MarketWhisper·1h ago
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ETH funding rate turns negative: Are ETH bears back in control?

Ether’s price trajectory has remained tepid as institutional interest wavered and on-chain activity cooled, even as Ethereum developers push forward with upgrades designed to improve scalability and wallet security. Over the last month, the asset has struggled to sustain above $2,100, with a
CryptoBreaking·1h ago