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$SOL is back above the previous range lows - getting closer to confirming a deviation. Keep prices above $130 from here and the market will once again have bamboozled a bunch of people.

Just a few years ago, the idea of a digital currency backed by precious metals might have sounded like a quaint idea from a sci-fi movie. But now, the debate over the superiority of gold-backed stablecoins over US dollar-backed stablecoins is starting to take on a very real dimension. Bitcoin advocate Max Keiser has been adamant that gold-backed stablecoins would be more reliable and eventually outperform the dollar in international trade. This isn’t just lip service—there’s a lot of logic behind it. A stablecoin backed by Gold would out-compete a USD-backed stablecoin on world markets: Russia, China, Iran should take note. It would track inflation The USD does not. You’re guaranteed to lose purchasing power. The USD has no volatility, but again, you are guaranteed to… — Max Keiser (@maxkeiser) March 22, 2025 Simply put, gold has been used as a medium of exchange across cultures for thousands of years. Unlike dollars, gold can’t be printed at will by central banks. Gold naturally reflects inflation because its supply is limited. The US dollar, meanwhile, is stable in nominal terms, but its value is steadily eroding over time. You may not see the price fluctuations on your app screen, but your purchasing power is slowly dwindling like an ice cream cone left on your car dashboard in broad daylight. Furthermore, Keiser said that countries like Russia, China, and Iran are unlikely to rely on dollar-backed stablecoins , given the ongoing geopolitical conflicts. In this context, gold-backed stablecoins could be a neutral and more globally accepted middle ground. As it turns out, Keiser’s statement seemed to find validation in the news that came a few days ago. CNF reported that Kyrgyzstan officially launched USDKG, a new stablecoin that is fully backed by gold and guaranteed directly by the state. The goal? Providing a more stable digital exchange tool, with a real foundation in the form of national gold reserves. Kyrgyzstan’s move is like a subtle slap in the face to countries that are still sticking to fiat-based stablecoins. For many, this kind of stablecoin provides a stronger sense of security. If people usually say “as safe as cash,” maybe now we will hear “as safe as gold” more often. On the other hand, the United States seems to be starting to realize that their old approach may no longer be relevant. On March 21, 2025, Bo Hines of the President’s Advisory Council on Digital Assets stated that the government is considering revaluing old gold certificates as a way to increase the country’s Bitcoin holdings without widening the deficit. The idea stems from the provisions of the BITCOIN Act 2025, which seeks to make Bitcoin part of the national strategic asset. This move suggests that the US government is starting to take the relationship between gold reserves, Bitcoin, and the stability of the digital economy more seriously. Although the issuance of a gold-backed stablecoin may not necessarily follow, this move clearly signals the arrival of a new era. However, most of the stablecoins in circulation today are still based on dollars, and ironically, this is making the market difficult. According to the CNF , most of the stablecoins kept in circulation are derivatives even if their supply keeps increasing. Funds are thus not really pouring into spot trading, which would assist to lower volatility and boost liquidity. To put it in an analogy, it’s like having a big bucket of water but putting it in the freezer. The water is there, but it can’t be used to water the drought-stricken plants. The spot market is currently lacking demand, and the “frozen” stablecoins in derivative form only make things worse.

In South Korea, the number of domestic investors holding digital currencies such as Bitcoin has soared by more than 50% in the past year. The figure now stands at more than 9.6 million. Interestingly, one in four of these investors is over 50 years old. Furthermore, data received by Democratic Party lawmaker Ahn Do-jae from five domestic crypto exchanges—namely Upbit, Bithumb, Coinone, Korbit, and Gopax—shows that by the end of last year, there were more than 9.6 million active and tradable accounts. The previous year, the number was only around 6.3 million. This means that there are more than 3 million additional people trying their luck in the crypto world in just a year. The total amount of crypto assets they hold is truly impressive. Its value reaches more than 105 trillion won (about $77.78 billion). For comparison, that’s equivalent to buying more than 150,000 small apartments in Seoul . Not a number to be taken lightly, especially considering that most of the owners are not from institutions but retail investors. On the other hand, the age group that was previously considered far from technology is starting to catch up. Investors in their 50s are recorded at around 1.75 million people, an increase of more than half from the previous year. Meanwhile, those who have reached the age of 60, the number jumped from 371,800 to 636,700 people. It is possible that some of them follow their children or grandchildren, but in the end they actually make more money. What makes you shake your head is that many of these senior investors also fall into the “big player” category. Of the approximately 9,100 accounts with asset ownership of more than 1 billion won, almost half are owned by people over the age of 50. On average, these mature investors hold crypto assets worth 2.15 billion won per person. It is no wonder that more and more young people are starting to ask their fathers or even grandfathers to teach them how to trade. However, amid this rapid growth, the South Korean government is not sitting idly by. CNF reports that the country’s Financial Intelligence Unit (FIU) has begun cracking down on foreign crypto exchanges that are not yet officially registered. A few of the names under criticism are already familiar among the worldwide crypto community. Apart from love messages, the FIU has started restricting access to its websites running Korean domains. Roughly speaking, their cords have been taken out rather than they were only chastised. Local regulators are also increasingly vigilant about the potential misuse of crypto platforms for illegal purposes. Starting January 19, 2025, they will monitor transactions suspected of being related to illegal foreign exchange trading. It is not just one institution that is moving. Financial authorities, the Ministry of Justice, and the Central Bank of Korea will work together in this supervision. So for those who think they can smuggle money through digital wallets, you should think again. Apart from these tightening measures, South Korea is also preparing to launch a pilot project for a central bank digital currency (CBDC). Still from the CNF report , the Central Bank of Korea will start a CBDC trial in April 2025. The program will involve 100,000 participants and several major banks. Participants will later be able to convert their bank balances into digital tokens and use them to shop at certain merchants. The payment process will also be tested in a real-time system.

From the outside, the memecoin world on the Solana blockchain looks like a never-ending party. New projects pop up every day, communities are buzzing on social media, and stories of everyday people suddenly becoming crypto millionaires are everywhere. But wait—behind the euphoria, many don’t know that there are traps ready to plunge newbie investors into the abyss of losses, as highlighted by Bloomberg . AINVEST has highlighted that Solana , once praised as the future of a more open financial system, has now turned into a fertile ground for cunning memecoin actors. The speed of transactions and low fees that were initially advantages are now being used as weapons by those who know how to “play dirty.” How? Starting from rug pulls that make tokens disappear who knows where to sniping techniques with sophisticated bots that give ordinary traders no chance to compete. What makes this problem even more complicated is the existence of closed groups, or what are commonly called “trading cabals,” who seem to have mastered the game. They have early access to token launches, know exactly when to get in and out, and capitalize on the momentum they create. So if you feel like you’re always late to the party, you probably are. Imagine going to the market, looking for fresh fruit, only to find that all the good stuff has been snapped up by a secret gang that knows when the vendors open. You’re left with the leftovers, which are of who knows what quality. That’s what it’s like to enter the world of Solana memecoins with no connections or experience. At first glance, the numbers on the CoinGecko dashboard can seem tempting. At the time of writing, the market cap of memecoins on the Solana network is $7.69 billion. In the past 24 hours, that number has risen about 3.4%. Among the most prominent names are Official Trump , ai16z, and MELANIA Meme—tokens that have seen a brief surge in popularity due to their association with public figures. However, that rise doesn’t always translate into long-term success. On the other hand, CNF reported that Solana transaction fees have plunged to 53,800 SOL, the lowest level since September 2024. Network activity has also dropped drastically. Validators, who previously earned around $62,000 per day from transaction tips on Jito, are now only earning around $11,300. This means that the enthusiasm that was once soaring is now starting to fade, at least in terms of usage. The problem is, many new investors don’t realize that this system is designed to benefit only a few parties. Tokens are launched with a scheme that allows launchers and their partners to control most of the supply from the start. When the price starts to rise due to FOMO, they just sell at a high price, leaving retail investors biting their nails. If this happens once or twice, it can be considered unlucky. But if it keeps happening? That’s a pattern. Furthermore, even though there are many honest projects and sincere communities, it is undeniable that most of the current market movements are driven more by narrative and hype , not fundamentals. In a matter of hours, someone can quickly create a token, give it a catchy name, generate significant hype on social media, and potentially make a fortune. Going into the memecoin world without knowing the terrain is like jumping into a pool full of crocodiles while wearing a meat costume. You might get away with it, but the chances are tiny. Amid the storm of new tokens and sweet promises, it’s important to remain skeptical and not get carried away by the euphoria. If something sounds too good to be true, it probably is. That doesn’t mean that all opportunities on Solana should be avoided. Just don’t assume that you’re playing in a fair market. The reality is, most projects are built by people who know the game inside out—and not all of them want you to win. So before FOMO drags you in any deeper, it’s a good idea to stop for a moment and ask yourself, “Am I investing… or just part of someone else’s plan?”

XRP’s price gained significant traction after news of Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission might soon wrap up. In less than a day, the token surged by 14%. However, the short-lived excitement faded soon. XRP quickly gave up half of those gains, falling below the important level of $2.50. The sharp rally echoed XRP’s January move, where the asset skyrocketed to its previous all-time high of $3.40. That surge came on the back of strong spot buying and lasted several weeks. Traders are hoping for a repeat, but this time, conditions appear slightly different. For the first time since late January, the aggregated spot tape cumulative trade delta (CVD) turned positive. It basically shows the difference between aggressive buys and sells across exchanges. When this number goes green, it means more people are aggressively buying than selling—a pattern that often drives prices higher. Even as spot buyers stepped up, the futures market told a different scenario. A negative aggregated premium in open interest signaled that many traders were betting against a price increase. The tug-of-war between spot buyers and futures bears is heating up, with no clear winner yet. Dom, a crypto analyst, believes XRP’s volume-weighted average price from its all-time high is still acting as a bullish threshold. According to him, “XRP must stabilize around the $2.50 level.” If it does, the door to higher levels could swing open. But uncertainty is everywhere. While some indicators suggest strength, the price remains in what’s called sideways consolidation. In simpler terms, XRP is drifting with no strong direction, as both bulls and bears refuse to give in. From a technical angle, there are key levels to watch. If XRP can close a daily candle above $2.65, it would create what’s known as a positive break of structure. That shift could pull futures traders onto the bullish side, adding fuel to the fire. On the flip side, a close below $2.23 could erase the recent gains and return the token to a downward path. One trader, known as CrediBULL Crypto, sees this current period as an accumulation phase. According to the trader, XRP might first drop to sweep liquidity between $1.80 and $2.00 before heading back up. The analyst also anticipates that the token might hit an all-time high above $3.40 soon . It’s a bold call, but not out of the question if buying pressure holds steady. Still, others are cautious. Even if XRP doesn’t dip to $2, it needs to hold above its rising trendline support to build any long-term strength. Losing that level could trigger fresh selling and shake out weak hands.