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Gemini co-founder Tyler Winklevoss has called out JPMorgan over its treatment of his crypto exchange. Winklevoss accused the largest U.S. bank of refusing to re-onboard the exchange after he criticized them last week over their involvement in Operation Chokepoint 2.0. JPMorgan Holds Off On Re-Onboarding Gemini In an X post, Winklevoss revealed that the U.S.
The post JPMorgan Halts Gemini Onboarding Despite Crypto Banking Shift appeared first on CoinGape.
Trading activity has surged as the crypto market gears up for Friday’s White House Crypto Summit. Over the past 24 hours, the total crypto market cap has added $127 billion.
With renewed market interest, several altcoins are gaining investors’ attention today, including Ondo (ONDO), Toncoin (TON), and Bittensor (TAO).
RWA-token ONDO is one of today’s trending altcoins. It trades at $1.16 at press time, noting a 15% uptick over the past 24 hours.
On its daily chart, readings from its Elder-Ray Index reflect the bullis bias toward the altcoin. This indicator, which compares the strength of bulls against the bears, is above zero at 0.14.
When an asset’s Elder-Ray Index is positive, its bulls control the market. This indicates that buying pressure is stronger than selling pressure among ONDO holders. It also hints at a potential uptrend continuation as demand pushes the price higher.
If demand continues to soar, ONDO’s price could rally past its immediate resistance at $1.23 to trade at $1.57.
On the other hand, a resurgence in selloffs would invalidate this bullish projection. In that case, ONDO’s price could fall to $1.03.
Telegram-linked TON is another altcoin trending today. Interestingly, it has bucked the broader market uptrend to record a 0.14% price decline over the past day.
During this review period, its daily trading volume is also down 35%, reflecting the high selling pressure among TON holders. When an asset’s price and trading volume drop simultaneously, it suggests weakening market interest and reduced participation from buyers and sellers.
The trend indicates a loss of momentum in the TON market and hints at more price dips if demand continues to decline. In this scenario, the altcoin’s price could plummet to $2.82. If the bulls cannot defend this level, its price could drop to $2.18.
However, if sentiment becomes bullish and TON demand rockets, its price could reach $3.63.
The leading artificial intelligence-based token, TAO, is among today’s most searched altcoins. Amid the general market uptick, its value has also dropped by 1%.
At press time, TAO trades at $289.70, significantly below its Super Trend indicator, which forms dynamic resistance above its price at $414.10.
This indicator measures the direction and strength of an asset’s price trend. It appears as a line on the price chart, changing color based on the current market trend. When green, the market is in an uptrend, while red signals a downtrend.
As with TAO, when an asset’s price trades below the red line of its Super Trend indicator, it is in a bearish trend. This signals that selloffs outweigh buying activity among its market participants. If this continues, TAO’s price could fall to $234.
Conversely, if buyers regain market dominance, they could push TAO’s price toward $349.
The post Why These Altcoins Are Trending Today — March 6 appeared first on BeInCrypto.
Bitcoin spot ETFs have experienced a rollercoaster week of inflows and outflows, largely driven by investors reacting to shifting macroeconomic cues.
However, a renewed wave of optimism has swept through the markets following the US Federal Reserve’s decision to leave interest rates unchanged. This move appears to have reassured investors and reignited institutional appetite for BTC-backed funds.
The week started strong. On Monday, inflows totaled $425.45 million across BTC spot ETFs. Yet, this bullish momentum was interrupted on Tuesday as institutional investors pulled capital from the market ahead of the Federal Open Market Committee (FOMC) meeting. The pullback resulted in net outflows of $85.64 million.
However, the trend shifted on Wednesday, thanks to the Fed’s decision to hold interest rates. The announcement triggered a sharp rebound in investor confidence, fueling fresh inflows of $142.31 million into BTC ETFs.
On May 7, Ark Invest and 21Shares’ ARKB recorded the largest single-day inflow, totaling $57.73 million, bringing its total cumulative net inflows to $2.68 billion.
The second-largest daily inflow was recorded by Fidelity’s FBTC, which saw $39.92 million enter the fund. FBTC’s total historical net inflows now stand at $11.64 billion.
According to SosoValue, no fund recorded a net outflow on Wednesday.
The renewed optimism extends beyond inflows into ETFs. BTC is up 2% over the past 24 hours, and currently trades at $98,888. This price surge is accompanied by a positive funding rate, indicating an increase in leveraged long positions.
At press time, this is at 0.0042%. The funding rate is a periodic fee exchanged between long and short positions in perpetual futures contracts to keep prices aligned with the spot market. When positive like this, traders holding long positions pay shorts, indicating that bullish sentiment dominates the BTC market.
However, it is key to note that despite this, BTC’s futures open interest has fallen by a modest 0.18% over the past day. This suggests that while traders are largely optimistic, some leveraged positions may have been closed, possibly to take profit as BTC soars.
Meanwhile, traders have also caught the bullish virus in the options market. The demand for call options has surged, exceeding puts, indicating that traders are increasingly positioning for the upside.
These trends suggest a growing conviction that BTC could break higher if macro conditions remain favorable.
The post Fed Pause Sparks Fire Under Bitcoin Funds | ETF News appeared first on BeInCrypto.
Pump.fun (PUMP) recently completed a successful ICO, and its valuation reached $4 billion. However, this valuation has sparked significant skepticism regarding its legitimacy.
According to the analysis, the PUMP token lacks economic benefits. It primarily relies on brand hype, leading many to view it as the team’s cash grab rather than a platform-building effort.
In a recent report, BitMart Research points out that Pump.fun, despite once being an industry leader, is facing serious doubts about its $4 billion valuation, especially as market share declines and competition intensifies.
The report highlights that the PUMP token lacks governance rights, revenue sharing, or practical utility, relying solely on brand momentum to sustain value. This weakness has investors questioning its sustainability.
According to BitMart, 33% of the total supply was allocated for fundraising for $0.004 per token, with all tokens unlocked at launch. This has created selling pressure worth up to $1.32 billion.
Moreover, Pump.fun’s launch of the PUMP token occurred amid weak market sentiment and declining on-chain liquidity.
X account, TheCryptoProfes, said that Pump.fun reserved $800 million in tokens for the team, equivalent to 20% of the total supply. This significant team allocation could lead to substantial selling pressure, threatening liquidity and investor confidence.
“They are paying themselves $800m… this is the BIGGEST team allocation I have ever seen on a presale, at the highest ever launch valuation. (Data on ICO Drops)” TheCryptoProfes commented.
Meanwhile, new competitors, particularly LetsBonk, threaten Pump.fun’s market share. LetsBonk surpassed Pump.fun with 16,797 meme coins launched in July 2025. While still in a leading position, PUMP’s high-risk token model has raised doubts about its long-term sustainability.
In terms of tokenomics structure, the platform’s token has no built-in economic rights. Pump.fun’s team has clarified that the token’s sole function is to promote the platform.
According to BitMart, this lack of value means PUMP is essentially a “narrative-only asset.” This discourages holders from maintaining a long-term commitment, weakening their connection to the platform.
Despite this, Pump.fun’s strong brand remains a key advantage. Many main exchanges, including Coinbase and Binance, have announced their support for PUMP. However, without improvements to its tokenomics, Pump.fun risks repeating the failures of past projects.
The post Pump.fun’s $4 Billion Valuation Faces Scrutiny Over Token Utility Gaps appeared first on BeInCrypto.