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Analyst Labels Cardano a Failing Network as ADA Trades Over 90% Below 2021 Peak
Crypto market commentator Ali Martinez criticized Cardano's network, highlighting its DeFi total value locked having never reached $1 billion and currently standing far below Ethereum and some newer chains. He noted that ADA is trading about 91.7% below its 2021 high above $3 and warned that a drop below the $0.245 support could open the way to further declines toward $0.112 or $0.021.
ADA
ADA-0.39%
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GLD Posts Multi-Billion Outflow as Bitcoin Spot ETFs Log Strong Weekly Inflows
According to data cited in the report, SPDR Gold Trust saw a single-day outflow of $3 billion alongside a 4.4% drop in gold's price, its largest one-day correction since late January. Over the same week, US spot Bitcoin ETFs recorded net inflows of $568.45 million despite outflows on Thursday and Friday, marking a second consecutive positive week. A market analyst argued that in terms of ETF adoption, gold is "no serious competitor to Bitcoin."
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BTC
BTC-0.41%
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Ethereum Retests Key $1.2K–$1.6K Cycle Zone as Analysts Weigh 4x Upside Potential
Ethereum has traded around $2,000 for about a month while sitting more than 60% below its 2021 all‑time high. An analyst argues that ETH is revisiting the crucial $1.2K–$1.6K zone that marked the previous cycle bottom, suggesting a defended support could precede a strong rally. Another market watcher points to daily transactions climbing back above 2 million this year, viewing the renewed network activity as potentially supportive for the asset.
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ETH
ETH+1.05%
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US Federal Court in New York Dismisses Anti-Terrorism Act Lawsuit Against Binance
On March 7, Binance stated that a US Federal Court in the Southern District of New York had thrown out all Anti-Terrorism Act claims filed against the exchange and its former CEO Changpeng Zhao by 535 plaintiffs. The court's 62-page ruling found that the plaintiffs failed to substantiate their core allegations that Binance aided terrorist attacks, and the company's General Counsel Eleanor Hughes called the decision a complete vindication while noting plaintiffs have 60 days to amend their complaint.
BNB
BNB+0.69%
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Pi Network (PI) Jumps 16% as Node Case Study Highlights Distributed AI Computing Potential
Pi Network's native token PI climbed about 16% to above $0.23, marking a three-month high amid a broader market downturn. The move follows a new case study outlining how more than 421,000 Pi Nodes and over a million CPUs could support decentralized AI training and computing, with operators potentially earning crypto rewards. Recent protocol upgrades, including v19.9 and the v20.2 update scheduled for completion by March 12, are also linked to the token's strong performance, despite nearly 21 million tokens unlocking.
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Binance Disputes US Senate Allegations Over Iran Sanctions and AML Controls
Binance issued a formal response to a late February letter from US Senator Richard Blumenthal and ten other Democratic senators that alleged Iran sanctions violations and weak AML controls. The exchange argued that media reports referenced in the inquiry misrepresented its sanctions and compliance practices, citing a global team of over 1,500 specialists and cooperation in more than 71,000 law enforcement requests in 2025. Binance said it assisted in seizing over $750 million in illicit assets, reported a roughly 97% decline in exposure to high-risk wallets since early 2024, and rejected claims of direct transactions with Iran-based entities.
BNB
BNB+0.69%
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