Weekly Economic Calendar:
| Date | Time | Currency | Event | Expectation | Previously Announced Data |
|---|---|---|---|---|---|
| March 17, Monday | SOL | CME Group to Launch SOL Futures | |||
| March 19, Wednesday | 13:00 | EUR | Eurozone – Consumer Price Index (CPI) (YoY) | 2.4% | 2.5% |
| March 19, Wednesday | 21:00 | USD | Interest Rate Decision | 4.50% | 4.50% |
| March 19, Wednesday | 21:30 | USD | FOMC Press Conference |
World Liberty Financial (WLFI), Backed by the Trump Family, Makes Headlines with AVAX and MNT Investments
The decentralized finance (DeFi) platform World Liberty Financial (WLFI), supported by Donald Trump, continues to attract attention with its cryptocurrency investment moves. Recently, WLFI added Avalanche (AVAX) and Mantle (MNT) tokens to its portfolio, making a total investment of $4 million.
SEC’s Crypto ETF Approval Process
The U.S. Securities and Exchange Commission (SEC) has postponed exchange-traded fund (ETF) applications for Dogecoin (DOGE), XRP, Solana (SOL), and Litecoin (LTC). The primary reason for this delay is attributed to the fact that new SEC Chair Paul Atkins has not yet undergone the official approval process.
-Current Status of Crypto ETF Applications
According to Bloomberg, over 60 spot crypto ETF applications are currently under review by the SEC. Experts indicate that this delay is a routine procedure and does not negatively impact the likelihood of ETF approval.
Analysts estimate the current probability of approval for different ETFs as follows:
- Litecoin ETFs – 90%
- Dogecoin ETFs – 75%
- Solana ETFs – 70%
- XRP ETFs – 65%
The SEC has previously followed a similar approach for Bitcoin (BTC) and Ethereum (ETH) ETFs, delaying approvals multiple times before granting final approval. Therefore, market analysts anticipate that Dogecoin, XRP, Solana, and Litecoin ETF applications may also receive approval over time.
Pakistan Establishes Crypto Council
The Pakistani government has officially established the Pakistan Crypto Council (PCC) to integrate blockchain and digital assets into its financial system. Despite its previous stance of not legalizing cryptocurrencies, the government is now taking a major step toward adapting to the global digital finance transformation.
Structure and Leadership of the Crypto Council
The Pakistan Crypto Council will be chaired by Finance Minister Muhammad Aurangzeb. The council’s members include:
- Governor of the State Bank of Pakistan
- Chairman of the Securities and Exchange Commission of Pakistan
- Other senior government officials
This initiative aims to strengthen Pakistan’s digital financial infrastructure and enhance the efficiency of blockchain-based financial services.
-Objectives of the Pakistan Crypto Council
The PCC’s primary goals include:
- Establishing a clear framework for crypto regulations
- Collaborating with international blockchain organizations
- Enhancing financial security and preventing fraud
- Improving remittance efficiency through blockchain technology
Cryptocurrency adoption in Pakistan is rapidly increasing, with 20 million active crypto users and a $20 billion transaction volume. Additionally, the country’s annual $35 billion remittance market is expected to become faster and more secure with blockchain integration.
Bitcoin ITB Analysis
Positive signals continue for Bitcoin investors. According to the latest market data:
- 86% of BTC investors are in profit
- 11% are at a loss
- 3% are in a neutral position
Compared to the previous week, the proportion of profitable investors has significantly increased.
-Whale Activity and Rising Trading Volume in Bitcoin
Large investors (whales) in the crypto market have also become active. Last week, the trading volume was $45 billion, whereas this week, it surged to $116 billion. This indicates growing interest from large investors and a bullish trend in the market.
-Bitcoin Market Outlook According to ITB Analysis
IntoTheBlock (ITB) data shows the following indicators:
- 0 Bearish Signals
- 4 Neutral Signals
- 2 Bullish Signals
These figures suggest that the overall sentiment in the Bitcoin market is bullish. Crypto exchange signals are also progressing in a positive direction, with an order-volume discrepancy of 3.37% favoring bulls.
“The investment information and comments included in this research report do not constitute investment advice.”
Research Specialist at EgeMoney
My areas of expertise include fundamental and technical analysis, portfolio management, risk analysis, and market research. Adapting to rapidly changing market conditions and producing reports are among my top priorities. Through my research on the EgeMoney platform, I aim to shape your financial future and add value to your decision-making processes.
