Author: dfmines

In a series of posts shared on X, crypto analyst Kevin has mapped out a bullish scenario for Dogecoin and altcoins should the US Federal Reserve shift its monetary policy toward easing later this year. Pointing to both fundamental and technical indicators, Kevin contends that current Federal Reserve policies will define the exact moment altcoins begin to decisively outperform Bitcoin (BTC). Dogecoin Season Depends On The Fed In one of his updates, Kevin explained the crux of his position: “Everything is continuing to go exactly as planned. We never hopped on the #ALTSEASON bandwagon that the gurus have been pushing for 6-12 months that got people wrecked. I have continued to let my altcoins guidance be backed up by facts and fundamentals […] Based on all my evidence gathered I do still believe that between March-June we will see Powell come out and say that bank reserves have hit levels to where they feel it is necessary to end the run off of the balance sheet which in turn will end QT.” Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge He further emphasized that this potential pause—and eventual reversal—of quantitative tightening (QT) should initiate a new cycle of rate cuts and broader financial easing. According to Kevin, that combined macro shift would signal the beginning of a sustained altcoin rally: “This will then start a new cycle of easing along with further rate cuts and the combination should mark the beginning of Altcoins out performance and BTC Dominance durably heading lower. That is my call based of Macro Fundamental and Technical analysis being combined into one form of Analysis.” Digging deeper into market structure, Kevin forecasts a drop in Bitcoin dominance, a metric that measures BTC’s market capitalization relative to the entire crypto sector: “All the data I have been analyzing is telling me between March – June QT will end. Then altcoins durable out performance will begin and BTC Dominance will durably fall below 54.51%.” He notes that inflation would need to “skyrocket” for the Federal Reserve to continue QT, a scenario he views as unlikely based on his research. Related Reading: Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target Pointing to similarities between current market conditions and 2019, Kevin also explores a somewhat unconventional approach—performing technical analysis (TA) on the Fed’s balance sheet itself: “If we take a look at Total Assets held by the US federal Reserve […] we can see that similar to 2019 we are getting close to re-testing the 2W 200 ema and 2W RSI and LMACD are in the same spot they were before the Fed ended QT.” He anticipates that balance sheet levels could mirror 2019 conditions within the next 126 days—leading up to around the Federal Reserve’s June policy meeting, give or take a couple of weeks. Should the Fed’s total assets hit that threshold, he believes it will confirm the timing he has been advocating. While Kevin references the broader altcoin market, Dogecoin, in particular, features in his strategic outlook. Last week, he underscored the importance of overall market fundamentals and chart positioning when it comes to purchasing DOGE: “If #BTC holds up and Macro Economic Data and Monetary policy adjust then you just got your last opportunity to buy Dogecoin relatively cheap. A lot of factors at play and lots of work to do. But the risk reward at this level is superb given the circumstances.” At press time, Dogecoin traded at $0.17. Featured image created with DALL.E, chart from TradingView.com

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A British man’s desperate fight to recover about 8,000 lost bitcoin—worth hundreds of millions—has been blocked again, pushing him to take his battle to Europe. Appeal Denied: 8,000 BTC Trapped as Man’s Battle Moves to Europe A British man who accidentally discarded a hard drive containing bitcoin worth hundreds of millions of dollars has faced […]

Offchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs.According to a March 17 post by Offchain Labs, the new incubator is aimed at rapidly adding to Arbitrum’s existing decentralized application (DApp) offerings with a particular focus on supporting “innovative and experimental” projects. Offchain Labs said this support will primarily come in the form of product and go-to-market advice and won’t provide engineering or other operational resources. It also added that while it’s possible — there’s no guarantee that its venture capital arm, Tandem, will purchase any of these project tokens in public markets. Source: Offchain LabsOffchain Labs said the continued development of Arbitrum over the past few years has seen it grow to become one of the “most performant ecosystems in the space.” But now, with the launch of Onchain Labs, the focus will shift to building out the network’s application landscape.“Through Onchain Labs, we’re dedicating resources to support developers looking to rapidly expand the application layer by ideating with them from the ground floor to bring the best user experiences to Arbitrum,” the company said. “With Offchain Labs’ support, we’re confident we’ll see industry-leading applications that are uniquely possible on Arbitrum.”However, it’s not just about building more applications.The firm has also said it will only support projects that launch fairly. Offchain Labs claimed the industry’s recent trend toward extractive zero-sum launches “stands in stark contrast to the core ethos of crypto,” adding that “as an industry, we can — and must — do better.”It will seek to counter this trend by only working with teams that commit to equitable launches, which it said was “essential for fostering community alignment. There’s no reason why all participants in an ecosystem can’t succeed together.”The rise of layer 2s is creating problems for EthereumArbitrum was one of the earliest layer 2s (L2s) on Ethereum, but there’s been an explosion in new L2 networks since Ethereum’s Dencun upgrade last year. According to L2Beat, there are now over 70 layer 2s and many more on the way. This has created some issues for Ethereum, according to some industry professionals. The first is the fracturing of the Ethereum ecosystem, as different DApps run on different layer 2s, which may or may not be interoperable.“We currently have too many, the more L2s we build, the less interoperability we will have, creating other problems around infrastructure,” Vitali Dervoed, the co-founder and CEO of perpetual exchange Composability Labs, told Cointelegraph in August. Related: DigiFT launches Invesco private credit token on Arbitrum“Developers might have good intentions when building the next super-fast, low-gas-fee, easy-to-use blockchain, but in the long run, it’s counterproductive as it creates a more fragmented ecosystem,” he added. Another issue is that lower-cost layer 2s like Base and Arbitrum are eating into Ethereum’s revenue and impacting the layer 1’s market cap. It comes on the same day Standard Chartered downgraded its 2025 price target for Ethereum by a whopping 60%, from US$10,000 to just US$4,000, with the bank’s head of digital asset research, Geoff Kendrick, saying, “We expect ETH to continue its structural decline.” Kendrick cited the impact of low-cost layer 2s like Base and Arbitrum as one of the key drivers of this decline. “Layer 2 blockchains were meant to improve ETH scalability, but we estimate that Base (a key layer 2) has removed USD 50bn from ETH’s market cap.”Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15

Offchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs.According to a March 17 post by Offchain Labs, the new incubator is aimed at rapidly adding to Arbitrum’s existing decentralized application (DApp) offerings with a particular focus on supporting “innovative and experimental” projects. Offchain Labs said this support will primarily come in the form of product and go-to-market advice and won’t provide engineering or other operational resources. It also added that while it’s possible — there’s no guarantee that its venture capital arm, Tandem, will purchase any of these project tokens in public markets. Source: Offchain LabsOffchain Labs said the continued development of Arbitrum over the past few years has seen it grow to become one of the “most performant ecosystems in the space.” But now, with the launch of Onchain Labs, the focus will shift to building out the network’s application landscape.“Through Onchain Labs, we’re dedicating resources to support developers looking to rapidly expand the application layer by ideating with them from the ground floor to bring the best user experiences to Arbitrum,” the company said. “With Offchain Labs’ support, we’re confident we’ll see industry-leading applications that are uniquely possible on Arbitrum.”However, it’s not just about building more applications.The firm has also said it will only support projects that launch fairly. Offchain Labs claimed the industry’s recent trend toward extractive zero-sum launches “stands in stark contrast to the core ethos of crypto,” adding that “as an industry, we can — and must — do better.”It will seek to counter this trend by only working with teams that commit to equitable launches, which it said was “essential for fostering community alignment. There’s no reason why all participants in an ecosystem can’t succeed together.”The rise of layer 2s is creating problems for EthereumArbitrum was one of the earliest layer 2s (L2s) on Ethereum, but there’s been an explosion in new L2 networks since Ethereum’s Dencun upgrade last year. According to L2Beat, there are now over 70 layer 2s and many more on the way. This has created some issues for Ethereum, according to some industry professionals. The first is the fracturing of the Ethereum ecosystem, as different DApps run on different layer 2s, which may or may not be interoperable.“We currently have too many, the more L2s we build, the less interoperability we will have, creating other problems around infrastructure,” Vitali Dervoed, the co-founder and CEO of perpetual exchange Composability Labs, told Cointelegraph in August. Related: DigiFT launches Invesco private credit token on Arbitrum“Developers might have good intentions when building the next super-fast, low-gas-fee, easy-to-use blockchain, but in the long run, it’s counterproductive as it creates a more fragmented ecosystem,” he added. Another issue is that lower-cost layer 2s like Base and Arbitrum are eating into Ethereum’s revenue and impacting the layer 1’s market cap. It comes on the same day Standard Chartered downgraded its 2025 price target for Ethereum by a whopping 60%, from US$10,000 to just US$4,000, with the bank’s head of digital asset research, Geoff Kendrick, saying, “We expect ETH to continue its structural decline.” Kendrick cited the impact of low-cost layer 2s like Base and Arbitrum as one of the key drivers of this decline. “Layer 2 blockchains were meant to improve ETH scalability, but we estimate that Base (a key layer 2) has removed USD 50bn from ETH’s market cap.”Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15

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The best penny cryptocurrencies to buy with 1000x potential are Solaxy, Bitcoin Bull, Mind of Pepe, Best Wallet Token, Meme Index, Catslap, Dogecoin, TRON, Cardano, and Ripple (XRP). Simply, these are crypto assets with a market price below $1. They are affordable, usually less popular than other cryptocurrencies, and can bring high returns. On average,…
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The US Securities and Exchange Commission could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers, according to the agency’s acting chair, Mark Uyeda.In prepared remarks to an investment industry conference in San Diego on March 17, Uyeda said the rule proposed in February 2023 had seen commenters express “significant concern” over its “broad scope.”“Given such concern, there may be significant challenges to proceeding with the original proposal. As such, I have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives, including its withdrawal,” Uyeda said.The rule was floated under the Biden administration during Gary Gensler’s tenure leading the regulator. It aimed to expand custody rules for investment advisers to any and all assets held for a client, including crypto, and upped the requirements to protect them.Source: SECThis meant that investment advisers would have to custody their clients’ crypto with a qualified custodian. Gensler said at the time that investment advisers “cannot rely on” crypto platforms as qualified custodians due to how they operate.The proposal caused friction with Uyeda and Commissioner Hester Peirce, along with industry advocacy bodies who claimed the rule was unlawful and dangerous.“How could an adviser seeking to comply with this rule possibly invest client funds in crypto assets after reading this release?” Uyeda remarked at the time. He did, however, support the proposal despite disagreeing “with a number of provisions.” Peirce, who was the sole commissioner of the five to vote against the rule, said at the time that the proposed rule “would expand the reach of the custody requirements to crypto assets while likely shrinking the ranks of qualified crypto custodians.”Related: Congress repealed the IRS broker rule, but can it regulate DeFi? Uyeda’s latest remarks come days after he said on March 10 that he had asked SEC staff “for options on abandoning” part of a proposal pushing for some crypto firms to register with the regulator as exchanges.The Trump-era SEC has also killed a rule that asked financial firms holding crypto to record them as liabilities on their balance sheets, called SAB 121.In December, President Donald Trump picked former SEC Commissioner Paul Atkins to take over from Uyeda to chair the agency. This is now a step closer, with a Senate hearing reportedly slated for March 27.Magazine: SEC’s U-turn on crypto leaves key questions unanswered