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Coingecko: In Q1 of this year, the total market capitalization of the crypto market fell by 18.6% to $2.8 trillion, while Bitcoin strengthened its dominant position against the trend

ChainCatcher news, according to the Coingecko quarterly report, the total market capitalization of cryptocurrencies fell by 18.6% to $2.8 trillion in the first quarter of 2025. Bitcoin further solidified its dominance in the market downturn, with its market share rising to 59.1% (a new high since 2021), while altcoins generally performed poorly. The shares of stablecoins USDT and USDC increased, while Ethereum's market share dropped to a five-year low of 7.9%.​1. Bitcoin outperforms traditional risk assetsBitcoin broke through $100,000 in January, reaching an all-time high, but ended the quarter at $82,514 (a decline of 11.8%). Its performance outpaced the Nasdaq index (down 10.3%), but lagged behind gold (up 18%) and U.S. Treasury bonds. Analysts pointed out that the strengthening of the yen and euro, adjustments in monetary policy, and geopolitical uncertainties have intensified market volatility.​2. Ethereum and altcoins under pressureEthereum's price plummeted 45.3% to $1,805, erasing all gains made in 2024, with daily trading volume shrinking to $2.44 billion. Leading altcoins like Solana (SOL), XRP, and BNB experienced smaller pullbacks, highlighting Ethereum's relative weakness. Meme coins suffered a significant setback due to the exit of Argentine President Javier Milei's related project LIBRA, with daily token deployment on the Pump.fun platform dropping by 56.3%.​3. Changes in exchange landscapeThe spot trading volume of centralized exchanges (CEX) decreased by 16.3% to $5.4 trillion, with Binance maintaining a market share of 40.7%; HTX became the only platform in the top ten to see growth (+11.4%), while Bybit's trading volume was halved due to a hacking incident in February. Among decentralized exchanges (DEX), Solana led Q1 with a 39.6% share, but Ethereum briefly reclaimed the top spot in March. The total value locked (TVL) in DeFi fell by 27.5% to $12.86 billion, while the new public chain Berachain's TVL rose against the trend to $5.2 billion.

Cardano founder responds to White House not being invited: No need to strike a deal with Trump, focus on promoting global blockchain policies

ChainCatcher news, according to DL News, Cardano founder Charles Hoskinson responded to not being invited to the White House Crypto Roundtable in an exclusive interview, stating "there's no need to make a deal with Trump," and emphasized that the current U.S. push for crypto policy reform should focus on a "sustainable, long-term framework," rather than being reliant on short-term political figures.Previously, Trump met with crypto executives including Coinbase CEO Brian Armstrong, MicroStrategy Executive Chairman Michael Saylor, and Ripple CEO Brad Garlinghouse at the White House to discuss digital asset regulation, while Hoskinson, seen as a representative of the sovereign blockchain camp, was not invited, despite the White House recently considering including ADA in the national crypto reserve.Hoskinson stated that he is lobbying globally to promote blockchain policy, closely engaging with U.S. Senate Banking Committee Chairman Tim Scott to support his proposed stablecoin legislation, the Genius Act; meeting with former Digital Transformation Minister Takaya Hirai in Japan; and communicating with President Milei's team in Argentina. He stressed that even if Trump issues a crypto executive order, establishes a Bitcoin strategic reserve, and appoints crypto-friendly individuals to lead the SEC, the real importance lies in the regulatory stability brought about by legislation.
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