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Bitcoin margin longs on Bitfinex exchange hit six-month high Bitcoin $BTC margin longs on crypto exchange Bitfinex reached a six-month peak of 80,333 BTC ($6.92 billion) on March 20, marking a 27.5% increase since Feb. 20, as reported by Cointelegraph. This sharp rise indicates

Dormant whale deposits $67.18M in $ETH to Coinbase On-chain analyst @EmberCN reported on X that a whale who held ETH for eight years transferred 34,000 ETH ($67.18 million) to crypto exchange Coinbase approximately six hours ago, realizing a 44x return.

Canary Capital files for first Pengu ETF with SEC, targeting investments in PENGU tokens and Pudgy Penguins NFTs alongside ETH and SOL. Canary Capital seeks SEC approval for Pengu ETF, focusing on PENGU tokens, NFTs, and other digital assets. PENGU token rallies 10% post-ETF filing amid robust trading on Solana platforms. SEC scrutinizes ETFs for meme coins and NFTs, reflecting volatility and market novelty concerns. Canary Capital has submitted a registration filing to the United States Securities and Exchange Commission (SEC) for the launch of the first-ever Pengu exchange-traded fund (ETF). This move adds to the growing list of crypto asset managers seeking regulatory approval for digital asset-based ETFs. According to the filing published on Thursday, the proposed ETF will invest in the PENGU token, which is the official token of the Pudgy Penguins NFT project, as well as in Pudgy Penguins NFTs themselves. The filing also states that the ETF will hold other digital assets, including Ethereum (ETH) and Solana (SOL), to support trading and transfers. PENGU Market Reaction and Price Movement Following the ETF announcement, the PENGU token saw a sharp 10% price increase during early trading. It broke above previous resistance levels and moved past the Ichimoku cloud, indicating a possible shift in momentum. The Relative Strength Index (RSI) for PENGU moved from 44.86 to 62 shortly after the news, indicating increased buying activity. The RSI remains below the overbought level of 70, suggesting that further gains are still possible. Many of the analysts are now focusing on the $0.0093 as the next level of resistance backed by the Robinhood listing last week. A breakout above that level means the token will be trading above the $0.010 mark, the first time in a month. However, if the momentum disappears, the token may fall back to $ 0.0062 support area. Mixed Reactions From the Crypto Community On Pengu ETF The ETF proposal has sparked different responses from traders and analysts online. Some have raised doubts about investor demand for a fund tied to a meme coin and NFT project that is less than six months old. $PENGU

Cryptocurrency aggregation platform CoinGecko has spotlighted the top trending categories of crypto assets on its platform as of the early hours of Thursday, March 20, 2025. In a post on X, CoinGecko revealed the leading asset classes capturing user attention, including Layer 2 (L2), Proof of Stake (PoS), NFT, Exchange-based Tokens, Smart Contract Platform, and Made in USA. According to CoinGecko, the trending category is a dynamic indicator based on the most frequent user searches on their platform. At the time of their initial report, CoinGecko users were primarily seeking more information on L2 protocols, followed by PoS projects and the remaining listed categories, in that specific order. Given the metric’s fluid nature, crypto analysts often use it as a real-time gauge of short-term market sentiment among users. Related: CoinGecko’s 6 Trending Crypto Categories: What’s Hot in the Market For investors and traders, understanding the current focus areas of the broader crypto community can be valuable in confirming their own research and investment strategies within specific sectors of the industry. For instance, if technical or fundamental analysis points towards a particular crypto category or ecosystem, knowing that other crypto enthusiasts are also showing significant interest in the same area can boost confidence and reinforce investment decisions. In the meantime, CoinGecko’s real-time data reveals how quickly trends can shift in the cryptocurrency market. As of the time of this report, a new set of crypto asset classes had already risen to the top six trending categories on CoinGecko, showing a significant change from their publication just a few hours prior. This updated list of top trending crypto categories on CoinGecko now includes Four.meme Ecosystem, Perpetuals, AI Meme, PolitiFi, and Solana Meme. Related: Ethereum Scaling: Why L2 Protocols Are Key but Not Without Issues The rapidly changing list of top trending crypto asset categories highlights the inherent dynamism of the cryptocurrency market. It serves as a reminder of how quickly things can change and emphasizes the risk of relying solely on a single indicator when conducting market analysis. As CoinGecko itself points out, their crypto assets trending category, along with other similar indicators, can be a useful addition to an investor’s toolkit. They offer insights into the current outlook of the crypto community, providing supplementary information to traditional technical and fundamental analysis methods. 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.

How High Can XRP Price Go? Analysts Predict Next Targets Ripple Labs-backed XRP led in the mild cryptocurrency rebound in the past 24 hours following the regulatory clarity from the U.S. SEC. The large-cap altcoin, with a fully diluted valuation of about $246 billion and a 24-hour average trading volume of about $10.5 billion, pumped over 7.7 percent in the past 24 hours to trade about $2.48 on Thursday, March 20, during the mid-London session. The XRP futures open interest (OI) pumped over 18 percent in the last 24 hours to hover about $3.82 billion at the time of this writing. As a result of the heightened XRP price volatility, more than $36 million was liquidated from the leveraged market. Mid and Long-term XRP Price Expectations As Coinpedia has severally reported, XRP price has already confirmed a bullish breakout from a six-year triangular consolidation. From a technical analysis standpoint, XRP price is about to kickstart the next bullish phase towards the price discovery phase. In the daily time frame, the XRP price must consistently close above the resistance range between $2.7 and $3 to confirm the onset of the next parabolic rally. Moreover, the XRP price has been forming a potential head and shoulders (H&S) pattern coupled with a bearish divergence of the Relative Strength Index (RSI). Meanwhile, the XRP price has established a robust support level of around $2, which could hold in case of further correction in the near term. Key Factors Driving XRP Growth In the past two quarters, XRP demand has experienced a sharp uptick catalyzed by institutional investors working closely with Ripple Labs. Already, nearly a dozen fund managers – led by Bitwise and Franklin Templeton – have filed for a spot XRP ETF with the U.S. SEC. With Ripple out of the hook from the litigation by the U.S. SEC, Brad Garlinghouse predicts that the agency will approve several spot XRP ETFs in the second quarter of 2025. Meanwhile, the XRPL network has significantly grown in the past few years to a robust web3 ecosystem. The launch of Ripple USD (RLUSD) has helped increase the on-chain activity for XRPL. $XRP