Bitwise CIO Matt Hougan said in a recent interview that the era of broad altcoin seasons, where nearly all tokens rally together, is likely ending as the market pivots toward assets with real-world use. Citing Santiment data, he noted that altcoin social dominance and Google searches have fallen sharply while Bitcoin trades around $70,604 and captures most attention. Hougan added that any future altcoin season will likely be more selective, favoring projects with genuine adoption and business activity.

Since the 10 October market crash, large XRP holders have accumulated more than 4.18 billion XRP, valued at about $6.7 billion at current prices. XRP dropped about 40% in value that day, while Bitcoin later climbed to a local high of $74,000 this week and is still trading slightly above $70,000. Analysts note many altcoins are sliding to all-time lows even as some institutional players continue to buy on dips.

On Wednesday, the U.S. Securities and Exchange Commission moved to resolve its enforcement action involving Justin Sun, the Tron Foundation and the BitTorrent Foundation through a proposed $10 million civil penalty to be paid by Rainberry Inc. The deal, if approved by a federal judge, would dismiss all remaining claims with prejudice, ending litigation that began with a March 2023 lawsuit over TRX and BTT token sales and related promotional activity. Sun and BitTorrent publicly welcomed the resolution on social media, emphasizing closure and a renewed focus on innovation.

Solana’s Total Payment Volume surged 755.3% year-over-year, with institutions, merchants, and stablecoin issuers increasingly using the network for payments. Visa, Stripe, Worldpay, and Gusto are piloting Solana-based USDC flows, while median fees near $0.0004 and 392 ms block times support rapid, low-cost settlement. Stablecoins and onchain credit platforms are replacing parts of traditional wire transfers and extending Solana’s role beyond speculative trading.

According to Shibburn data, the Shiba Inu burn rate has stayed at the zero mark for a second straight day, even though over 45,000 SHIB were actually sent to dead wallets in two transactions. During the same 24-hour period, SHIB's price first climbed 2.53% to $0.0000561 after a nearly 7% drop the day before, while closely tracking Bitcoin's recent move from a $74,000 high toward the $70,455 area.

On March 6, 2026, PEI Licensing, parent company of the Original Penguin brand, filed a trademark infringement lawsuit against Pudgy Penguins in the Southern District of Florida, seeking a jury trial and profit disgorgement. The complaint alleges unauthorized use and attempted registration of penguin-related marks on apparel and related goods, while the PENGU token price around $0.00721 has largely shrugged off the legal action over the past 24 hours. The case emerges as Pudgy Penguins expands from its 8,888-piece Ethereum NFT collection into physical merchandise, a Solana-based PENGU coin, and major retail and brand partnerships.

On Wednesday, the U.S. Securities and Exchange Commission moved to resolve its high-profile lawsuit against Justin Sun by asking a court to approve a $10 million civil penalty to be paid by Rainberry Inc. The proposed judgment would dismiss with prejudice all claims against Sun, the Tron Foundation and the BitTorrent Foundation, easing a long-running legal overhang for TRX and BTT holders. While the deal would bar Rainberry from future securities violations, it does not settle whether the tokens themselves are securities, leaving their regulatory classification unresolved.

Dogecoin climbed 3.62% to $0.093 as large holders accumulated 160 million DOGE within 24 hours, lifting their balances to the highest level since January 2021. Open interest in DOGE futures on Binance rose to $244 million, while one analyst suggested a bounce from $0.10 support could precede a potential rally toward $3.