Crypto News Today, 12th March : XRP News , Pi Network Price, XLM Crypto, Economic Calendar

Gemini has announced that it is expanding its USD payment system to European institutions. This update will make it easier for businesses and institutions in Europe to use Gemini’s services. Over the next few weeks, Gemini plans to roll out this service across the entire European Union and European Economic Area, helping more users access and use the platform effectively.

A major crypto whale has swapped all long Bitcoin positions for Ethereum, bridging $10 million to Hyperliquid to execute a buy order of 5,508.08 ETH at $1,921. The move has boosted the whale’s $ETH long position to 141,014 ETH, now worth $272.4 million. With an entry price of $1,900.28 and a liquidation threshold at $1,805.6, the whale currently sits on an unrealized profit of $4.13 million.

Binance will delist the IDEX/BTC, LQTY/BTC, and THE/BNB spot trading pairs at 03:00 (UTC) on March 14, 2025, following periodic reviews of liquidity and trading volumes. The delisting aims to protect users and uphold a high-quality trading environment. Note that this action does not affect the tokens themselves; users can still trade the underlying assets on other available pairs. Additionally, Spot Trading Bots services for these pairs will be terminated at the same time, so users should update or cancel their bots to avoid potential losses.

The latest inflation report is set for release on March 12, 2025, at 8:30 A.M. Eastern Time. This CPI data will provide key insights into the state of inflation as economists and markets await updated figures.

Economists predict a milder inflation report for February compared to January’s hot numbers. Headline and core inflation are expected to rise by 0.28% on a seasonally adjusted basis, with 12-month rates slightly declining. Prediction markets forecast headline inflation dropping from 3.0% in January to 2.9%, while core inflation is projected to fall from 3.3% to 3.2%. Notably, the actual inflation figures have trended lower—around 2.4-2.5%. Today marks the second CPI inflation datapoint of 2025, sparking optimism among market participants for the first decline in both metrics since July 2024.

Bitcoin’s recent price rally drives a broad recovery across the cryptocurrency ecosystem. BTC is up by 4.68% over the last 24 hours, trading at approximately $83,014 after rallying from a low of $76,624. Meanwhile, altcoins such as XRP, Dogecoin, and Cardano have cleared key resistance levels, with XRP up 7.42% to $2.193, Dogecoin rising 7.67% to $0.1669, and Cardano staging a rebound from around $0.76. The total crypto market cap has surged by 4.51% to $2.69 trillion, driven by renewed investor optimism fueled by supportive regulatory signals and increased network activity. Despite the strong recovery, some analysts expect further corrections before a new market top is reached.

Bitcoin Magazine CEO David Bailey stated that the U.S. Strategic Bitcoin Reserve Executive Order will be “far more compressed than the market expects,” with a timeline measured in “days and weeks, rather than months or years.” This rapid implementation contrasts with prevailing market expectations, suggesting swift action in setting up the reserve. The move is seen as a key step toward enhancing the government’s strategic approach to Bitcoin, and it could have significant implications for market dynamics and investor sentiment in the cryptocurrency space.

Franklin Templeton, boasting over $1.5 trillion in assets under management, has officially filed an application for an XRP ETF. The fund’s XRP assets will be secured by Coinbase Custody Trust Company, ensuring robust asset protection and regulatory compliance. This move reflects growing institutional interest in digital assets and could pave the way for broader investor access to crypto-based investment products. Industry watchers see this as a significant step in bridging traditional finance and the evolving cryptocurrency market.