Coinbase has expanded its partnership with PayPal to help drive adoption of the PayPal USD (PYUSD) stablecoin. As part of the collaboration, Coinbase will enable 1:1 conversions between PYUSD and USD across its trading and custody platforms. To encourage usage, the platform is waiving all conversion fees for both retail and institutional users. The move is designed to make PYUSD more accessible and support its integration into the broader crypto ecosystem.
BitMEX co-founder Arthur Hayes has once again stolen the spotlight with his recent comment on the social media platform. In a recent X post, Hayes said that Ethereum price will hit a new all-time high of $5,000 before Solana’s rally to $300. This bold prediction caught investors’ attention, especially after the Bitcoin price neared $89K in the last 24 hours.
Arthur Hayes Bets Big On Ethereum Price: Will ETH Outpace Solana?
The current volatile scenario in the broader crypto market has left many investors wondering about the futures of the top altcoins. However, amid this, Arthur Hayes has caught the investors’ eyes with his latest bold prediction, which has sparked a Solana Vs Ethereum price debate.
Meanwhile, in a recent X post, the BitMEX co-founder said that Ethereum would reach the $5,000 mark before Solana’s likely rally to $300. Notably, this comment has further fueled speculations as it contradicts the current trend recorded in the market. Besides, it also comes after Hayes recently predicted that BTC will hit $110K soon.
Here’s A Quick Overview of Solana & Ethereum Prices
Arthur Hayes’s bold prediction on Ethereum price comes amid a slump in Ether price today. During writing, ETH price was down over 1% and exchanged hands at $2,052, while its one-day volume jumped 25% to $13 billion. Notably, the crypto has touched a 24-hour high and low of $2,101 and $2,038. Besides, a recent ETH price prediction indicates that the crypto might rest near the $2,100 level for this month.
On the other hand, SOL price today was up 0.5% and exchanged hands at $139.4. Notably, a flurry of factors has helped in the recent SOL price gains over the past few days. However, a SOL price prediction hints that the crypto might touch a max price of about $144 by this month’s end.
What’s Next For ETH & SOL?
Despite the volatile scenario recorded in the broader crypto market, experts and recent market trends hint at a potential rally ahead for both assets. For context, renowned expert Ali Martinez noted that Ethereum whale activity has surged recently and they have acquired 470,000 ETH through the prior week.
Source: Ali Martinez, X
Besides, another expert Michael van de Poppe also shared crucial insights on the future trajectory of Ethereum price. In a recent X post, the expert noted that if ETH breaks through the $2100-$2150 level, it could target $2,800 in the near term. Besides, he also predicted a likely “good Q2” for the asset.
Source: Michael van de Poppe, X
Simultaneously, for SOL price, analyst CryptoCurb said that the crypto is on the verge of a breakout ahead. Echoing a similar sentiment, analyst Satoshi Flipper said that the short-term performance hints at a likely rally for SOL price.
Crypto exchange Coinbase is facing another legal battle as Oregon’s Attorney General prepares to file a securities enforcement action against the cryptocurrency exchange. According to a blog post from Coinbase, the state is asserting “the same stale, repeatedly refuted theories” that the SEC previously dismissed with prejudice when it dropped its case against the company.
Coinbase Claims Oregon Lawsuit Undermines Federal Progress On Crypto Regulation
The exchange characterizes the action as an attempt to “resurrect the dead.” The exchange mentioned Oregon is bringing forward arguments that are “years out of date” and at odds with current public opinion, technological progress, and good governance. Coinbase stated it will take all necessary actions to defeat the lawsuit while continuing normal operations in Oregon.
The company views Oregon’s legal action as directly undermining bipartisan efforts at the federal level to establish crypto legislation. According to Coinbase’s blog post, momentum has never been stronger for passing clear federal rules that would allow domestic cryptocurrency businesses to operate and at the same time prevent “rogue state governments from bringing politically motivated actions against crypto firms.”
Paul Grewal, Chief Legal Officer at the top crypto exchange, expressed this sentiment on X, stating that the lawsuit is “exactly the opposite of what Americans should be focused on right now.” He characterized the Oregon lawsuit as a “backward” action that does nothing to protect consumers or solidify American leadership.
Today the Oregon Attorney General is resurrecting the dead by bringing a copycat case of @SECGov‘s enforcement action against Coinbase. As a reminder, the SEC dismissed that case with prejudice. This type of political jockeying is an embarrassing waste of Oregon taxpayer…
Coinbase’s blog post describes Oregon’s action as a desperate scheme that moves the cryptocurrency conversation backward rather than forward. The company suggests the state should have waited for Congress to enact clear guidelines instead of taking it upon itself to try to regulate a worldwide industry through enforcement.
Grewal further claimed that Oregon’s Attorney General’s office made it clear to Coinbase that “they are literally picking up where the Gary Gensler SEC left off.” The lawsuit comes at a time when Coinbase even provided the blueprint for crypto regulation in March.
Coinbase Maintains “Business As Usual” Despite Legal Challenges
Despite the pending lawsuit, Coinbase has assured its customers in Oregon and elsewhere that operations will continue normally in the state. The crypto exchange will also run its business as usual and will see this case, like others, through as far as necessary.
Coinbase characterized Oregon’s lawsuit as “meritless” and expressed confidence in its position on both the facts and the law. The blog post described the action as politically motivated.
The company described the move as a war against crypto that was previously waged by the SEC and its allies. The exchange suggested that the SEC has now acknowledged “that the vast majority of digital assets are not securities.”
It is worth noting that the SEC is seeking to create a regulatory-friendly environment for the cryptocurrency industry and has dropped several non-fraud lawsuits against crypto firms, including Coinbase. The court also recently agreed to pause the Ripple SEC lawsuit as both parties try to reach a settlement.
Pi Network’s native token, PI, has bounced back following a few days of decline. It has noted a 6% gain in the past 24 hours to trade at $1.47 at press time.
The recovery comes ahead of Pi Day on March 14. There is also growing market speculation about a potential Binance listing.
PI Gains 21% as Traders Gain Confidence
PI has jumped 21.3% over the past 24 hours, driven by growing speculation over a potential Binance listing and the upcoming Pi Day announcements on March 14.
This date also marks the deadline for KYC completion and the migration of PI holdings from the mobile app to the Mainnet. These upcoming developments have triggered a new wave of PI demand, putting upward pressure on its price.
The steady rise in PI’s Relative Strength Index (RSI) reflects the surge in buying activity among spot market participants. The momentum indicator is in an upward trend and poised to break above the 50-center line at press time.
When an asset’s RSI is attempting to cross above its 50-neutral level, it signals a shift in momentum from bearish to bullish. This suggests that buying pressure is increasing, potentially leading to further price gains if the trend continues.
A confirmed move above 50 would reinforce positive sentiment around PI and attract more traders looking for upward momentum.
Furthermore, its positive Chaikin Money Flow (CMF) confirms this bullish outlook. This indicator, which tracks how money flows into and out of PI, is above zero at 0.16.
This trend indicates that buying pressure is stronger than selling pressure among PI traders. It signals that investors are confident in the asset, increasing the likelihood of further price appreciation.
PI Eyes Recovery After Steep Drop—Can It Reclaim $2?
PI has steadily declined, plummeting over 19% in the past week. This has pushed its price under a key price level of $1.62, which forms significant resistance. If the bullish trend persists and the demand for PI soars, its price could attempt to breach this level.
A successful break above $1.62 could propel PI above $2 and closer to its all-time high of $3.
On the other hand, a resurgence in profit-taking would invalidate this bullish projection. If selloffs spike again, PI’s price would resume its downtrend and fall to $1.34.
