Top 5 Crypto News Events of the Day –

Top 5 Crypto News Events of the Day – March 11, 2025

The cryptocurrency world never sleeps, and March 11, 2025, has been no exception. From market movements to regulatory shifts, today’s headlines have kept investors, enthusiasts, and analysts on their toes. Here’s a roundup of the top five crypto news events shaping the landscape as of tonight.

1. Mt. Gox Moves $931 Million in Bitcoin Amid Price Slump

The long-dormant Mt. Gox exchange made waves today with a massive transfer of 11,833 Bitcoin (BTC), valued at approximately $926.2 million, according to Cointelegraph. This follows a similar $1 billion move on March 6, signaling ongoing efforts to repay creditors as Bitcoin’s price dipped to a four-month low of $76,700 before rebounding to $81,024 by day’s end, per LatestLY. The timing couldn’t be worse, coinciding with a broader market rout—JPMorgan economists raised recession odds to 40%—leaving analysts questioning whether these transfers are exacerbating Bitcoin’s volatility or simply reflecting it.

2. Trump to Sign Executive Order Ending “Chokepoint 2.0”

President Donald Trump made headlines today with plans to sign an executive order rolling back anti-banking rules dubbed “Chokepoint 2.0,” as reported by CoinDesk. This policy, originally aimed at restricting financial services to certain industries, had been a thorn in the side of crypto firms. Following his campaign promises and the recent creation of a U.S. Strategic Bitcoin Reserve on March 7 (noted by NPR), this move underscores Trump’s pro-crypto stance. Industry leaders see it as a potential lifeline for U.S.-based exchanges and startups, though skeptics wonder if it’s too little, too late amid a shaky market.

3. SEC Delays Decision on Multiple Crypto ETFs

The U.S. Securities and Exchange Commission (SEC) threw a curveball today, delaying rulings on several high-profile cryptocurrency exchange-traded funds (ETFs), including VanEck’s Spot Solana ETF, Grayscale’s Spot XRP ETF, and even a Spot Dogecoin ETF, per a Cointelegraph X post. With no clear timeline provided, this postponement has frustrated altcoin enthusiasts hoping for mainstream adoption. The decision comes as Bitcoin hovers in uncertain territory, raising questions about whether regulators are stalling to assess broader market stability—or simply avoiding tough calls.

4. Coinbase Announces India Launch Plans

Coinbase, the U.S.-based crypto giant, took a bold step toward global expansion today by confirming its registration with India’s Financial Intelligence Unit (FIU), according to LiveMint. Retail services are slated to roll out later in 2025, capitalizing on India’s growing crypto curiosity despite its historically stringent regulations. This move aligns with Coinbase’s strategy to broaden its footprint, but with Bitcoin and altcoins facing a “bloody day” (as@Tyler_Did_It put it on X), the timing might test the exchange’s optimism in emerging markets.

5. Altcoins Face “Biggest Wipeout” Since 2022

Altcoins took a beating today, with Altcoin Daily calling it the “biggest wipeout” since 2022 on X. While Bitcoin clawed back to $81,024, many alternative cryptocurrencies struggled to recover from a wider market sell-off tied to sinking U.S. equities. The carnage was evident in posts on X, with

@AltcoinDailyio

also spotlighting partnerships like $ONDO and $XLM as rare bright spots. Meanwhile, Mt. Gox’s Bitcoin movements and BlackRock CEO Larry Fink’s warning of Trump-driven inflation (via Forbes) added fuel to the fire, leaving altcoin investors wondering if the bleeding has finally stopped.

Closing Thoughts

March 11, 2025, has been a rollercoaster for the crypto space—volatility, regulatory intrigue, and strategic maneuvers all in one day. Whether it’s Mt. Gox unsettling the market or Trump pushing a pro-crypto agenda, these events highlight the industry’s resilience and unpredictability. As the clock ticks past 11 PM EDT, one thing is clear: tomorrow could bring even more surprises. Stay tuned.