Crypto Chaos: Frog Tokens and Bitcoin Buzz – What You Need to Know! 🐸💰

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What to know:

By Omkar Godbole (All times ET unless indicated otherwise)

So, Bitcoin (BTC) and ether (ETH) are back in the hot seat, feeling the pressure like a teenager at prom. All those gains? Poof! Gone, thanks to Jerome Powell’s casual dismissal of inflation fears. Thanks, Jerome! 🙄

And guess who’s making a cameo at Blockworks’ Digital Asset Summit in New York? None other than President Donald Trump! Traders are practically drooling, hoping for a miracle announcement about acquiring BTC without breaking the bank. Spoiler alert: Don’t hold your breath. 😅

More likely, he’ll just repeat his dream of making America the “crypto capital of the world.” Because, you know, that’s totally going to happen. 🙃

On a brighter note, U.S.-listed spot ETFs are getting some love! Bitcoin ETFs saw a net inflow of $11.8 million—four days in a row! Meanwhile, ether spot ETFs are like that friend who just can’t catch a break, with a net outflow of $11.7 million. Ouch! 😬

Blockhead Research Network is feeling optimistic, saying, “Several catalysts continue to support a bullish outlook.” They’re talking about the U.S. government possibly finding budget-neutral ways to hoard Bitcoin. Game changer? Maybe! And let’s not forget solana futures joining the CME party—hello, institutional exposure! 🎉

Speaking of whales, they’re back in action, holding 62,000 more BTC than at the start of the month. It’s like they went on a shopping spree! 🐋💸

Meanwhile, the SUI token is flexing its muscles, riding high after Canary Capital Group filed for a Sui ETF. Talk about a glow-up! ✨

In other news, Hyperlane is stirring the pot with rumors of a potential token airdrop. Social media is buzzing like a beehive! 🐝

Traditional markets are giving us mixed signals, with dollar-yen flirting with a death cross pattern. Is it a sign of a major surge? Who knows! Meanwhile, copper is nearing record highs—so, risky assets, anyone? Stay alert! 👀

Token Talk

By Shaurya Malwa

  • Frog-themed tokens are hopping mad! KEKIUS MAXIMUS shot up 96% after Elon Musk shared a pic of a “Kekius Maximus” portrait on X. 🐸
  • He even said “ok” to a user’s suggestion to change his display name to “Kekius Maximus.” Talk about a meme frenzy! 😂
  • Is he backing KEKIUS or just joining the fun? Either way, volatility is the name of the game! 🎢
  • The phrase went viral when Musk first made it his display name on Dec. 31. Timing is everything, folks!
  • And let’s not forget the “Cult of Kek,” a cheeky internet phenomenon linked to an ancient Egyptian frog-headed deity. Because why not? 🐸✨
  • The original token hit nearly $200 million in market cap before crashing over 95%. Classic meme coin drama!
  • Memecoins love Musk’s attention—his playful nods can turn them into price rockets! 🚀

Derivatives Positioning

  • BTC global futures open interest is up to $13.3 billion, the highest since March 4. ETH? Still below $2 billion. 😬
  • The CME’s BTC one-month futures basis has dropped below 5%, suggesting institutional traders are on a coffee break. ☕
  • Negative cumulative volume delta for DOGE, APT, XMR, BCH, XRP, LTC, ADA, and NEAR means net selling is in the air. Yikes!
  • Deribit’s BTC options are feeling bullish, while ETH is still lagging behind. Come on, ETH! You can do it! 💪

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2025-03-20 14:28