Today's Cryptocurrency Prices by Market Caps
The global cryptocurrency market cap today i $2.65T
Market Cap
$2.65T
24h Trading Volume
$152.85B
BTC Dominance
56.83%
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Abra to List via $750M SPAC, Fuels Crypto Wealth-Management Push (Nasdaq: ABRX)
Abra is going public via a $750 million SPAC deal, marking a major step in the crypto wealth management sector’s push into public markets. The San Francisco-founded firm announced it will merge with New Providence Acquisition Corp. III in a transaction that values the combined company at $750 million. Post-merger, the business will operate as Abra Financial Inc. and is expected to list on Nasdaq under the ticker ABRX. The deal could unlock as much as $300 million in cash from the SPAC’s trust, though the final proceeds will depend on shareholder redemptions and transaction costs. Abra, launched in 2014 by CEO Bill Barhydt, has evolved from a mobile crypto wallet and remittance app into a platform aimed at institutional and high-net-worth investors. Today it offers custody in segregated “vaults” (assets held off the company’s balance sheet), trading in hundreds of tokens, yield-generation products, and lending solutions — positioning itself as a bridge between traditional wealth management and crypto markets through its SEC-registered investment adviser, Abra Capital Management. The company says it currently manages “hundreds of millions of dollars” and has an ambitious target to exceed $10 billion in assets under management by 2027. Proceeds from the SPAC transaction are slated to support product development, hiring, and expansion into tokenized real-world assets and decentralized finance (DeFi). Abra’s product set grew significantly during the last crypto bull market, including the Abra Earn lending and yield program. The firm raised $55 million in 2021 from investors such as Blockchain Capital, Pantera Capital and RRE Ventures. But regulatory scrutiny followed: in 2023 and 2024 Abra reached settlements with U.S. state regulators and the Securities and Exchange Commission over unregistered lending and securities offerings. The company responded by winding down U.S. retail operations, returning customer funds, and refocusing the business on institutional and wealthy clients. The proposed merger still requires shareholder and regulatory approval before it can close. If completed, the deal would give Abra public-market access and capital to accelerate its shift toward institutional crypto wealth services and new product verticals. Read more AI-generated news on: undefined/news
Metaplanet raises ¥40.8B to turbocharge BTC treasury; novel mNAV warrants curb dilution
Tokyo-listed bitcoin treasury specialist Metaplanet (3350) has landed a major capital injection to turbocharge its BTC accumulation plan, raising about ¥40.8 billion (roughly $255 million) from global institutional investors via a share placement. The deal is part of a broader financing package that could supply the company with up to ¥85 billion (about $531 million) to beef up its bitcoin reserves. Key terms and the structure - New shares were sold at a roughly 2% premium to the market price. - The placement was paired with fixed-strike warrants priced at a 10% premium; if exercised these warrants could bring in an additional ¥44.5 billion (about $278 million). - Metaplanet also rolled out a novel series of moving-strike warrants that include what it calls the first mNAV (multiple to net asset value) clause tied to stock acquisition rights. Those warrants can only be exercised when the company’s shares trade at least 1.01× its modified net asset value—a measure linking market capitalization to the value of the firm’s BTC holdings. Metaplanet says this mechanism is designed to ensure any new share issuance increases bitcoin holdings per share, guarding against dilution of BTC exposure for existing shareholders. Dilution management and priorities To limit dilution from older instruments, the company temporarily suspended exercise rights on previously issued warrants covering up to 210 million shares, prioritizing the new financing structure instead. Why it matters Metaplanet plans to deploy the funds mainly to expand its bitcoin treasury as it pursues an ambitious long-term target of holding 210,000 BTC. Today it ranks as the world’s fourth-largest corporate bitcoin treasury, with 35,102 BTC on its balance sheet. Market reaction Shares closed about 5% higher on Monday, alongside bitcoin rising above $73,000—an upbeat signal for investors betting on the firm’s strategy to accumulate more BTC. Read more AI-generated news on: undefined/news
MicroStrategy Buys $1.57B More Bitcoin (22,337 BTC); Holdings Reach 761,068
MicroStrategy doubles down on bitcoin again, buying $1.57B more MicroStrategy (MSTR), the world’s largest publicly traded Bitcoin holder led by executive chairman Michael Saylor, disclosed in a Monday SEC filing that it continued its steady accumulation, purchasing $1.57 billion worth of BTC last week. Key details - MicroStrategy added 22,337 BTC at an average price of $70,194 per coin. - The company’s total holdings now stand at 761,068 BTC, with a total cost basis of roughly $57.61 billion and an average purchase price of about $75,696 per coin. - By volume, this was MicroStrategy’s fifth-largest weekly bitcoin acquisition. - The latest buy was largely funded by $1.1 billion in sales of the firm’s STRC series preferred stock, plus $396 million from common stock sales. Market reaction - Bitcoin traded near $73,600 on Monday morning, up about 2.6% over the prior 24 hours. - MSTR shares were up roughly 4% in pre-market trading as the BTC price rose over the weekend. Why it matters MicroStrategy’s ongoing accumulation—financed through equity offerings—continues to spotlight institutional demand dynamics and keeps the company among the most influential corporate players in the crypto space. Read more AI-generated news on: undefined/news
SEC Drops Civil Case Against BitClout Founder Nader Al‑Naji; Barred From Refiling
Headline: SEC drops enforcement action against BitClout founder Nader Al‑Naji, case closed permanently The U.S. Securities and Exchange Commission has quietly exited its civil enforcement fight with BitClout founder Nader Al‑Naji. In a joint stipulation filed March 12 in U.S. District Court for the Southern District of New York, the SEC and Al‑Naji agreed to terminate the agency’s civil case “based on the particular facts and circumstances of this case,” and to close the matter permanently — with the SEC barred from refiling the same claims. Quick background - The SEC’s lawsuit was originally filed in July 2024. It accused Al‑Naji of breaking securities laws in connection with BitClout (later connected to the decentralized social blockchain DeSo). The Department of Justice also brought related criminal allegations that included wire fraud and the sale of unregistered securities. - Regulators said Al‑Naji raised roughly $257 million through sales of BitClout’s native token, BTCLT. The complaint alleged some investor funds were misused — claiming more than $7 million was spent on personal expenses such as a Beverly Hills rental and “extravagant cash gifts,” and that investors were led to believe funds would pay BitClout employees. - Several parties were named as “relief defendants”: Buse Desticioğlu Al‑Naji, Joumana Bahouth Al‑Naji, Intangible Holdings LLC, Firestorm Media LLC, Viridian City LLC and the DeSo Foundation. Why BitClout mattered — and why it drew scrutiny Launched in early 2021, BitClout pitched itself as a proof‑of‑work blockchain for monetizing social media via so‑called “creator coins.” The project quickly courted controversy: it automatically generated profiles for public figures by scraping their X (formerly Twitter) accounts without consent, prompting a cease‑and‑desist from a law firm over potential publicity‑right violations. Observers also warned creator‑coin mechanics could incentivize reputational attacks (users could profit by shorting tokens tied to individuals), and criticized the platform’s token economics — requiring Bitcoin conversion into BTCLT with limited on‑ramps back out, effectively locking funds on the platform. Despite the backlash, Al‑Naji said BitClout attracted interest from major venture firms, including Andreessen Horowitz, Sequoia, Coinbase Ventures and Digital Currency Group. Case wrap and aftermath Under the stipulation, Al‑Naji and the named relief defendants waived any claims for attorneys’ fees or damages arising from the investigation or litigation. Beyond the SEC’s stated rationale that the dismissal reflects the case’s particular facts, the filing does not elaborate further on the agency’s decision-making. The SEC’s withdrawal closes a high‑profile civil front in the broader regulatory scrutiny of crypto projects that blend social media and token economics. Whether and how remaining criminal inquiries — if any — proceed was not addressed in the stipulation. Read more AI-generated news on: undefined/news
Bitcoin Reclaims $74K but Memecoins Steal the Show as PEPE, BONK Soar
By Omkar Godbole — All times ET unless indicated otherwise Bitcoin’s latest rally isn’t telling the whole story: while BTC briefly reclaimed levels not seen since early February, memecoins are stealing the spotlight. Market moves - Bitcoin rose more than 2% over 24 hours, trading around $74,052.93 and briefly topping $74,300 early Monday. - Ether climbed about 7%, while XRP and Solana gained more than 4% each. The CoinDesk 20 Index added nearly 4%. - But the biggest movers among the top 100 were memecoins: PEPE surged about 19%, BONK and PENGU jumped over 10%, and SHIB also outpaced ether’s gains. In total, five of the day’s top-performing coins were meme tokens. Why memecoins are winning Analysts point to a “barbell strategy” that’s taken hold since 2023–24: investors park capital in a serious, institutional-grade asset like bitcoin on one end, and place high-risk, high-upside bets on meme or micro-cap tokens on the other. That contrasts with the last bull market, when BTC rallies typically lifted more “productive” alt sectors such as DeFi and play-to-earn projects. Market fragmentation is part of the explanation. The explosion of new tokens has diluted demand across thousands of projects: CoinMarketCap data show the total number of tokens has surpassed 37.8 million in roughly three years, spreading liquidity thin and making a consolidated altseason harder to materialize. Regulatory and macro outlook Some market participants are pinning hopes on new U.S. legislation — including the Clarity Act — to provide clearer rules that might revive broader altcoin interest. Others warn that the window for decisive regulatory action is narrowing. Outside crypto, S&P 500 futures traded higher as oil hovered near $100 a barrel. Nvidia’s GTC conference kicked off Monday; CEO Jensen Huang’s AI roadmap announcement is being watched by crypto firms for any signs of sustained data-center demand that could affect mining, infrastructure and broader sentiment. Further reading For deeper analysis of today’s altcoin and derivatives action, see Crypto Markets Today. For a schedule of upcoming events that could move markets, see CoinDesk’s Crypto Week Ahead. Read more AI-generated news on: undefined/news
Cardano Surges 8% as Mid-Whales Buy, Big Holders Take Profits — $0.30 in Sight
Cardano (ADA) delivered a sharp uptick over the past 24 hours, jumping more than 8% and trading around $0.286 as momentum pushes the $0.30 mark back into focus for traders. Derivatives and on-chain signals are supporting the move. Open interest has climbed and funding rates have turned positive—a setup that typically accompanies bullish near-term momentum as longs pay shorts. That momentum has not gone unnoticed by on-chain investors: mid-tier “whale” wallets holding between 1 million and 10 million ADA have been accumulating on recent dips, reducing available supply and adding upward pressure. At the same time, larger holders (10 million–100 million ADA) appear to be trimming positions, suggesting profit-taking at higher levels and creating a mixed distribution/accumulation dynamic that could amplify volatility. Technically, ADA has cleared a descending trendline that kept price capped near $0.25 for weeks, opening the door for further upside. Short-term indicators are leaning bullish: the RSI sits above 50 (not yet overbought), the MACD has crossed above its signal line with an expanding histogram, and the 20-day EMA is acting as support near $0.27. Traders will be watching the 50-day EMA around $0.29 and the 100-day EMA close to $0.34—breaks of those levels would likely accelerate gains, while a failure to hold above the $0.27 support zone could invite a pullback. Near-term price targets and risks are clear. A clean break above $0.30 could put $0.34–$0.35 in play, guided by EMAs and prior swing highs, but sustained upside will require continued buying volume. On the downside, immediate support is near $0.27, with a more meaningful floor around $0.25; a slide below $0.25 could test $0.24 and increase short-term bearish pressure. In short, Cardano’s momentum has improved and market structure looks constructive, but the tug-of-war between accumulating mid-tier whales and distributing large holders—alongside derivatives flows—will likely dictate the next meaningful moves. Traders should watch volume and open interest for confirmation. Read more AI-generated news on: undefined/news