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Ethereum reclaimed the top spot in decentralized exchange trading volume in March for the first time since September 2024. Ethereum-based DEXs handled $64 billion in spot trading volume, compared to Solana’s $52 billion and BSC’s $44 billion, as per DefiLlama data . Overall market activity has slowed despite this milestone. DEX trading volume has fallen from $86 billion in January to $85 billion in March, while the total value locked declined from $67 billion to $49 billion over the same period. The network’s fee generation has also fallen sharply. In January, Ethereum ( ETH ) earned $142 million in transaction fees, but that figure plummeted to just $21 million in March. The network’s burn rate, which tracks the amount of ETH removed from circulation, hit its lowest level since August 2021. According to data from Ultrasound Money, just 53 ETH was burned per day last week, and Ethereum’s total supply has grown 3% since the EIP -1559 upgrade, raising concerns about the asset’s long-term value accrual. Ethereum’s price has struggled as a result, ending Q1 2025 down 45%, as per Coinglass data . This has contributed to $170 billion in market value being wiped out in what was the network’s third-worst quarter since 2016. Given the current network dynamics, institutional investors have been cautious. SoSoValue data shows Ethereum exchange traded funds lost $403 million in March, with just one day of inflows. In addition, analysts from Standard Chartered have slashed their year-end ETH price target from $10,000 to $4,000, citing strong competition from Ethereum’s layer-2 solutions, which have drawn users away by offering lower fees. Still, Ethereum’s long-term potential shouldn’t be overlooked. It remains the leader in promising sectors such as the tokenization of real-world assets, which is projected to become a $16 trillion industry by 2030. Ethereum controls 54% of the tokenization market, as per RWA.xyz data , with $5 billion in assets tokenized on the network. As traditional finance continues to move on-chain, the network may see a renewal of interest. Larry Fink, the CEO of BlackRock, has emphasized the potential of tokenization, predicting that all assets will eventually be represented on-chain. Ethereum’s supply may once more become deflationary and drive value over time if it can continue to play a part in this shift. Ethereum could also benefit from staking-enabled Ethereum ETFs. Both the New York Stock Exchange and Chicago Board Options Exchange have filed for staking in Ethereum ETFs with the Securities and Exchange Commission. Staking in ETFs could increase demand and lock away a significant amount of ETH. This, coupled with institutional adoption, could give Ethereum a much-needed boost.

Enish Co., the Japanese gaming firm behind blockchain-based game series ‘De:Lithe Last Memories,’ has announced its first BTC purchase worth 100 million yen. According to a recently published document , Enish Co. stated that it would allocate 100 million yen or equal to $679,049 of company funds to buy Bitcoin ( BTC ). The Japanese firm stated that the purchase would be completed by April 4. According to the notice, Enish’s recent BTC purchase is part of its latest financial strategy. The firm also aims to diversify its financial assets while also taking advantage of the liquidity and stability of Bitcoin, including the opportunity to generate profits from future price increases. The Japanese gaming firm said it would start conducting quarterly reviews on its BTC investments and promised to include any unrealized gains or losses in its financial reports. At press time, Bitcoin has gone down by 1.3% in the past 24 hours. BTC is currently trading hands at $83,242. The recent dip in BTC prices could be a reason why Enish decided to make the purchase while prices are lower than usual. In the past week, BTC has gone down by 4.66%. It has yet to recover from its slump, with its highest price staying slightly below the $90k threshold at only $87,791, according to data from crypto.news. Moreover, the company aims to “deepen our understanding of blockchain technology” through purchasing cryptocurrency as a way to strengthen the firm’s technical capabilities in creating more web3 -based games. Enish Co., is known for producing mobile games such as “De:Lithe – The King of Oblivion and Angel of the Covenant.” One of its latest releases in the De:Lithe series is a blockchain-based game called “De:Lithe Last Memories.” Launched on July 25, 2024, “De:Lithe Last Memories” is described on its site as a Free to Play mobile game where players can earn tokens and purchase NFTs . Rewards are distributed through a reward pool as more tokens are consumed or as sales increase. Most of the game’s revenue comes from ads and in-app purchases, which lessens the burden on tokens and NFTs themselves. The game’s token, xGEEK is designed to be a fixed price token, valued at $1.00 per 100 xGEEK tokens. Japanese gaming companies have been branching into web3 through the creation of mobile blockchain games. Most recently, Japanese messaging app LINE teamed up with Sony’s Soneium blockchain to release four blockchain-based mini app games. Players can earn points in the games that they can carry over to the main app.

Federal Reserve Chair Jerome Powell is expected to move toward renewed quantitative easing (QE), potentially focused on the U.S. Treasury bond market. This expectation follows a reported meeting between Powell and Treasury Secretary Scott Bessent in early March. In a blog post , BitMEX co-founder Arthur Hayes suggested Powell is preparing to scale back the Fed’s current quantitative tightening (QT) program. Hayes believes the Fed will support Treasury markets with new liquidity injections, possibly starting this summer. According to central banking observers, Bessent pointed out to Powell during their meeting that upcoming Federal Open Market Committee (FOMC) monetary policy decisions must align with the Treasury Department’s significant financing needs. The March meeting reportedly raised the urgency of potentially resuming QE to help absorb the large volume of new Treasury bond issuance required to manage ongoing federal deficits and handle substantial government debt rollovers smoothly. However, capital gains tax receipts remain a major funding source for the federal government. Those tax receipts depend heavily on rising equity market valuations to meet projections. Related: FOMC meeting this week: All eyes on Powell for rate hints and potential QT end, impacting crypto U.S. President Donald Trump’s stated trade policy goals also play a role in the broader economic picture. His administration’s focus remains centered on attempting to rebalance the large U.S. current account deficit and encourage shifts back toward more domestic manufacturing activity. President Trump has maintained publicly since his first term in 2016 that the U.S. trade deficit, particularly with China, is unsustainable for the nation’s long-term health. Historical economic context reinforces concerns about these long-term trade trajectories. China’s 1994 currency devaluation and its subsequent 2001 entry into the World Trade Organization (WTO) are often linked by economists to the decades-long offshoring of significant U.S. manufacturing capacity that followed. The result was a deep and persistent U.S. trade deficit over many years, as official current account data confirms. Trump’s proposed reversal of that long-term trend requires major domestic industrial policy support and likely substantial private investment. The Federal Reserve’s independent monetary policy decisions play a critical role in potentially enabling or hindering these broader fiscal and trade policy shifts pursued by the administration. Persistently tight monetary conditions, for example, risk slowing overall economic growth and potentially weakening equity market performance significantly. Related: Hayes Dismisses Tariffs as Noise, Eyes Fed QE Fueling $110k+ Bitcoin Powell’s potential policy adjustment toward renewed QE therefore likely signals a perceived need for broader fiscal and monetary policy alignment. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

🚨 BTC Dominance: Altcoins will start moving when this happens! 🚨 📊 The 21 WMA (Blue) & 50 WMA (Red) are moving in parallel, with a potential crossover brewing. But it's not just about that, there’s more at play here! 🔴 Key Observations: Rising Channel: BTC Dominance is testing the upper boundary of a rising channel, indicating possible rejection around 64.25% to 65.66%. Historical Crossover: Previous crossovers led to sharp declines in BTC dominance, triggering altcoin rallies. Resistance Zone: BTC Dominance is at a critical resistance level, making a rejection here a solid signal for altcoin entries. 🚀 Next Move: Watch for a rejection at the resistance zone. Crossover alert: A 21 WMA below the 50 WMA will signal the start of an altcoin rally. 💬 Thoughts? Share your feedback below! 👇 And please hit that like button if you like it, Thanks! #CryptoRecovery #BTC

Hut 8 CEO Asher Genoot discussed in a Bloomberg interview the logic behind the newly launched American Bitcoin venture. Genoot, speaking on Bloomberg TV in a joint interview with Eric Trump, said that Hut 8 is not starting its venture with members of the Trump family from scratch. Instead the venture is launching as a “scaled mining operation from day one.” Hut 8 will contribute its mining rigs in exchange for an 80% stake in American Bitcoin, allowing the venture to begin with substantial infrastructure and operational capacity to mine Bitcoins ( BTC ). “We’ll contribute our rigs into the entity in return for an 80% stake,” Genoot said. “And then we’ll go build and scale and build this business together rather than from kind of a startup,” Genoot said. He also highlighted that the company plans to go public in the future, positioning itself as a “pure play” Bitcoin miner that can produce BTC more cheaply than buying it outright. American Bitcoin will focus on holding Bitcoin on its balance sheet, building a strategic reserve, and establishing itself as a major player in the sector. “The vision here is to give shareholders a pure play mining company that has the ability to produce Bitcoin cheaper than just buying it.” he said. “And so continuing to build the strategic reserve and be one of the largest Bitcoin miners and Bitcoin holders out there.” Genoot framed the partnership with Eric Trump and American Data Centers as a synergy between crypto and America’s energy infrastructure. He said “we believe in Bitcoin, we believe in America” and the energy infrastucture in place. He also indicated strong support for broader adoption of Bitcoin at the state and federal level. He noted multiple state governments are exploring strategic reserves of their own but his venture will “lead by example.”