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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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.
XRP1,38%
MarketWhisper·16m 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·24m ago
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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·39m 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.
BTC1,32%
AAVE3,62%
MarketWhisper·57m ago
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