Vietnam’s Ministry of Finance is set to propose a legal framework for digital assets and cryptocurrencies this month. Part of this framework includes a pilot program for a state-licensed digital currency exchange, Deputy Minister Nguyen Duc Chi announced at a government press conference, according to local media. The move comes as Prime Minister Pham Minh Chinh has urged regulators to establish clear guidelines for managing digital assets. The Ministry of Finance and the State Bank of Vietnam are working on the framework , which aims to balance innovation with investor protection. You might also like: Why XRP will pump in 2025, but Rexas Finance at $0.20 could still challenge it Chi stated that the proposed exchange would allow individuals and businesses to trade digital assets under state supervision, ensuring legal protections and reducing risks. Additionally, the government is exploring regulations to permit Vietnamese enterprises to issue virtual assets as a means of financial mobilization. Vietnam currently lacks formal legal definitions for digital assets and cryptocurrencies, leading many blockchain businesses to register abroad. The absence of clear regulations has resulted in lost tax revenue and limited domestic market oversight. According to Chainalysis, Vietnam saw $120 billion in digital asset inflows in 2023 and ranks among the top three countries globally for digital asset ownership, with 21% of its population holding crypto. The proposed regulatory framework aims to harness this growing sector while mitigating risks. You might also like: Bitcoin open interest marks 4-month low as volatility persists
BONK’s latest price dynamics illustrate the tug-of-war between bullish momentum and market volatility, emphasizing crucial liquidity zones. The cryptocurrency’s recent attempts at breaking past key resistance levels point to its
A positive ruling could pave the way for new business models in Turkey, particularly for crypto exchanges seeking licenses.
While the quantity of ethereum held by liquid staking platforms has remained static within a narrow band of 13.6 to 14 million since Q4 2024, Binance’s derivative for staked ether has undergone a dramatic expansion, ballooning 27.27% since mid-November. Ethereum Liquid Staking Conquest Rocket Pool, the ether liquid staking protocol, long lingered in the shadow
The possibility of a spot ETF for XRP is gaining momentum once again amid renewed optimism after President Donald Trump announced plans to include XRP in a national cryptocurrency reserve. As speculation mounts that this development could support regulatory approval, investors have quickly increased their bets on an XRP ETF to launch this year. Market sentiment has shifted significantly in favor of an approval. On prediction platform Polymarket, traders currently set the probability of the U.S. Securities and Exchange Commission (SEC) greenlighting an XRP ETF at 78%, an eight percentage point increase since Trump’s announcement on Sunday. In February, Bloomberg Intelligence analysts Eric Balchunas and James Seyffart estimated the probability of approval of an XRP ETF at 65%. But Trump’s proposal has injected new optimism into the market, even if its implementation remains uncertain. The XRP price has reflected that excitement, rising 6.4% this year compared with Bitcoin’s 4.7% decline. Ripple’s cryptocurrency for cross-border payments has benefited from speculation that an ETF could improve its regulatory standing. “The inclusion of XRP in a strategic reserve helps address some key regulatory concerns, strengthening the case for XRP ETF applications,” said Jonathan de Wet, chief investment officer at crypto trading firm Zerocap. Related News: Another Country Takes Interest in Cryptocurrencies - They Cited the US Example, President Gives the Order The SEC is currently reviewing five XRP ETF applications from financial firms including 21Shares, Grayscale, CoinShares, WisdomTree, and Canary Capital. The agency has until mid-October to rule on these proposals. Meryem Habibi, chief revenue officer at crypto payment gateway Bitpace, suggested that Trump’s support for altcoins like XRP could accelerate ETF approvals for digital assets beyond Bitcoin and Ethereum. Bitcoin ETFs, which launched in 2023, have been a huge success, accumulating $107 billion in assets under management, a record for the ETF market. Institutional investments through these funds have supported Bitcoin’s 150% price rally over the past year. BlackRock's iShares Bitcoin Trust ETF alone has $50 billion in net assets and accounts for 6% of Bitcoin's total market value. Despite the success of Bitcoin ETFs, Ethereum’s ETF debut has been relatively lackluster. Even with regulatory approval, ETH failed to reach all-time highs in the late-2024 crypto rally, raising questions about whether altcoin ETFs can generate similar investor enthusiasm. Still, JPMorgan analysts estimate that XRP ETFs could attract $8 billion in investment inflows in the first year. “Given previous examples of Bitcoin and Ethereum ETF approvals, this is likely to cause a surge in price,” said Jacob Joseph, senior research analyst at crypto data provider CCData. *This is not investment advice. Continue Reading: What’s the Latest on XRP Spot ETF Approval? Analysts Assess the Chances of Approval
The cryptocurrency market remains on edge as impending announcements from the U.S. White House signal potential structural changes in digital asset regulation. With the upcoming Crypto Summit in Washington, D.C.,
SOL investors have been on the edge of their seats for quite a while now. However, the recent inclusion in the Federal Reserve has renewed investor confidence with the Solana price surge. However, a new AI contender, IntelMarkets, is stealing the spotlight, with over $11.2 million raised in its public presale and speculated to land over 27,000% gains before its grand launch. Solana Price Nears Recovery: Analysts See Rebound For SOL Solana (SOL) recently joined Bitcoin and three other top cryptos in taking a shot at recovery after weeks of slow bleeding and loss of investor confidence in the altcoin. SOL rallied by more than 27% in the last 24 hours, which is $140 from yesterday’s lows to the intraday high of $178. This added a record $37 to the Solana price in less than two hours. It is worth noting that the Solana price has been under massive sell pressure, which saw it shed as much as 40% of its value in February alone. A combination of factors have added to its current sentiment. From the Libra scandal to broader market correction, heavy sell-offs by SOL whales and the anticipated SOL token unlocks have all been dragging the Solana price down. Some analysts have also said that many memes on the SOL ecosystem have also sucked liquidity from the Solana price. Also, it is rumored that Pump.fun, one of the most successful projects on the SOL ecosystem, is testing its own Automated Market Maker (AMM). A successful launch post-testing could push the Solana price potential to new highs. Market Enthusiasts Ponder if Solana Price Can Sustain From a technical point of view, SOL has hinted at a possible rebound in the short term. For instance, the MACD lines converged with the blue MACD line and crossed the signal line from below on the SOL daily chart. And even though they are still in negative territory, the trend has reversed and is on an uptrend. Solana’s RSI has also improved from last week’s lows of 24 to settle in the neutral zone at 46. Both highlight a growing bullish momentum for SOL holders. Several other factors, both on-chain and macro, are also expected to help sustain this uptrend. Or, to say the least, prevent the Solana price from dropping further. Solana (SOL) Overshadowed by IntelMarkets’ Million-Dollar Presale As SOL investors move toward the altcoin to regain profits amid the recent price recovery sentiment, IntelMarkets (INTL) is equally witnessing a sudden rise in the platform following its presale success. So far, the platform has raised over $11 million and sold over 40 million INTL tokens priced at $0.09 at the time of writing. This next-generation platform is predicted to take over the Solana price recovery hype with its fast-selling presale frenzy. IntelMarkets’ integration of AI technology with crypto trading is disrupting as a game-changer in the market, with more and more investors and traders flocking to the network to benefit from its AI trading robots and pinpoint accurate trading signals. IntelMarkets Hints at a Strong Rally to Deliver 27,000% Gains IntelMarkets (INTL) is attracting Solana whales with its widespread adoption among some of the renowned top-tier investors. Based on its current performance trajectory, analysts speculate that this enterprise-grade platform could deliver up to 27,000% gains in the upcoming sessions. IntelMarkets is also on track to cross the $1 billion market cap in record time. For investors too busy to comprehend the shifting market conditions, changing altcoin performance, and price illustrations, IntelMarkets (INTL) offers a premium one-stop trading hub. Its AI-powered trading robots help traders get it all done without moving an inch. The platform integrates AI across all levels to offer automated trading with human-like skills. Learn more below. Discover More About IntelMarkets: Presale: https://intelmarkets.io/ Buy Presale: https://buy.intelmarkets.io/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The cryptocurrency market remains volatile around $90,000. Solana and Chiliz show varying levels of market resilience. Continue Reading: Catch the Latest Trends in Cryptocurrency: SOL, CEEK Coin, and Chiliz The post Catch the Latest Trends in Cryptocurrency: SOL, CEEK Coin, and Chiliz appeared first on COINTURK NEWS .
Ethereum (ETH) traded around the $2,200 range, emerging from a recent dip under $2,000. At this position, ETH is showing signals of being undervalued based on its historical performance. Ethereum (ETH) has been actively traded in the past three months, as whales strategically rolled over their positions. The decision to avoid holding and sell near local tops has been one of the reasons for the ETH price weakness. Whales, on the other hand, tried to reabsorb ETH at a lower price, achieving a generally lower average. Holders with accumulation at $3,500 were the first to distribute their coins, then return for more buying around the $2,500 range. Buyers that first accumulated ETH at $3,500 used active selling and re-buying to decrease their cost basis to $3,200 . Actively trading whales also sold near the local top of $2,500, re-buying lower. Most ETH rallies were used to re-distribute coins, as ETH showed a long-term downward trend. ETH is also down to 0.025 BTC, keeping traders on the alert for additional price dips. ETH enters underpriced zone Close to $2,000, ETH is now touching the undervalued zone based on a ratio of market price to realized price. The active selling meant whales retained a higher realized value, while the current market value was underpriced in comparison. The Market Value to Realized Value (MVRV) ratio is giving an underpriced signal when it falls below 1. Values below 1 mean a chance to buy at levels close to the average purchase price for both retail and whale buyers. Accumulating at this level, however, does not guarantee a rally, as there are also bearish predictions for more ETH capitulations. The current MVRV chart for Ethereum is also historically showing the market is in a Bitcoin season. The current values suggest ETH and altcoins may be underpriced compared to previous cycles. ETH realized price also indicates a Bitcoin season, with altcoins undervalued. | Source: Cryptoquant The current price levels are still not a guarantee for a rally, as some altcoins have lost their appeal and may have a difficulty in rebuilding demand. ETH remains a controversial bid ETH has been showing an oversold signal for weeks, but this has not led to a price rally. One of the reasons is the attempt to realize gains fast, while re-buying near lows. ETH whales have expected a rally above $4,000, later attempting to lower their average entry price. Despite the price weakness, ETH has been entering more accumulation addresses. ETH retains its utility as part of the DeFi ecosystem, and can be used as collateral or as a liquidity token. ETH saw a peak inflow into accumulation addresses in January. In total, over 19M ETH are held in accumulation addresses. ETH is relatively more accessible than BTC, and shows different behaviors for its cohorts of holders. Ethereum (ETH) is flowing into accumulation addresses, but whales are not acting as long-term holders. | Source: Cryptoquant Overall, small-scale holders of 100-1000 ETH have realized the highest price at over $2,600. Some of the biggest ETH whales, which may also correspond to DeFi addresses or pools, have the lowest realized price at around $2,300. For ETH, the larger the whale’s holdings, the lower the realized price . The current staked ETH realized price is at $2,775, suggesting some stakers may be underwater. The $2,800 level is seen as one possible selling point, where a big cohort of holders may decide to sell. Based on current data, staked ETH is also in the undervalued zone. Any hike above $2,800 would be beneficial to the entire ETH DeFi ecosystem, leading to expanded value, more secure loan opportunities and higher earnings. ETH is currently pressured as there is still a loss of belief in the utility of the network. While ETH still carries multiple legacy projects, the chain has not reached the promised levels of growth. The Ethereum Foundation’s approach is also seen as too abstract, leading to stagnant price growth. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Solana’s price target of $200 may be a pipe dream in the short term. However, many investors choose to invest in upcoming presales. The discussion about Solana's price performance still dominates the market, but an uprising competitor, DTX Exchange, attracts attention through its Phoenix Wallet innovation. The hybrid trading platform of DTX Exchange is remapping digital asset management while preparing to deliver 10x returns to investors. Investors currently weigh which cryptocurrency between SOL with its bullish behavior and DTX’s groundbreaking ecosystem will deliver the most substantial financial growth in 2025. Bullish Case for SOL: Solana Price to Reach $200 Solana (SOL) functions among the premier Layer-1 chains through its hallmarks of speedy blockchain operations along with an active decentralized finance (DeFi) framework. The Solana price reached $172 after Trump’s US Crypto Reserve announcement. However, since then, the Solana price experienced a 20% correction to $137. Following this pullback, analysts predict conflicting market movements for SOL because some expect it to break past $175 for $200 resistance but others point to potential dropping below $115 from missed support points. Persistent long-term investors maintain faith in Solana’s price success because they observe its growing ecosystem and increasing adoption levels. DTX Exchange and the Rise of the Phoenix Wallet The meteoric rise of DTX Exchange has amazon market analysts. After Solana’s price correction, DTX managed to raise more than $15.5 million in its presale from over 700,000 new users. The next-generation hybrid trading platform of DTX Exchange sparked media attention because its Phoenix Wallet received massive unprecedented demand. The Phoenix Wallet stands out because it functions as the first decentralized platform for asset custody to handle cryptocurrencies, stocks, commodities, forex and Exchange-Traded Funds. After its release, the Phoenix Wallet achieved rapid popularity which led to more than 275,000 downloads within a short period of time The rising user demand for decentralized trading solutions demonstrates market demand for solutions that match the combination of security features with accessibility and interoperability between conventional and digital assets. DTX’s design that fuses centralized exchange (CEX) and decentralized exchange (DEX) features positions the project as a disruptor in the $10 billion trading industry. Why Analysts Are Betting on DTX for 10x Returns The appeal of DTX Exchange originates from elements that extend past its trading technologies. Multiple analysts have expressed optimistic predictions about DTX’s value growth potential through projections of a 10x increase from the current presale price of $0.18. Many investors have found the presale very attractive, due to the guaranteed 2x gains once DTX tokens list on tier-1 exchanges at a trading price of $0.36. DTX stands above competitors through its more than 200,000 transactions per second capacity which attracts traders who need speed and efficiency. Compared to SOL’s TPS speed of 65,000, DTX Exchange emerges as a faster alternative offering a wider choice of assets. The platform offers institutions and retail investors a single solution because it provides access to 120,000 tradable assets which include DeFi and traditional finance products. More investors choose decentralized trading alternatives over traditional platforms because these options provide self-custody along with transparent trading mechanisms during the governments’ tightening control over exchanges. Through its security-focused methods The Phoenix Wallet enables users to maintain full control of their assets together with simultaneous access to deep market liquidity CEX platforms offer. Conclusion So far, SOL has proven its strength as a leading blockchain asset, yet Solana price movements continue to face market risk factors. Investors can achieve a price value above $200 in the near future, yet they need to account for potential market drops throughout the journey. DTX Exchange demonstrates the potential to offer tremendous market gains through its mixed trading approach and its advanced Phoenix Wallet technology. Those who use the promo code LIST2X will earn a 100% bonus on their deposit on the DTX platform. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.