What Happened in Crypto Today? XRP ETF Delay & Mt. Gox Bitcoin Transfers

Table Of Contents

Market Snapshot: XRP ETF Delay, Pi Coin Update & Crypto Trends
XRP ETF Delay—But Price Still Rises: What’s Fueling the Surge?
Mt. Gox Transfers $905M in Bitcoin: Is a Sell-Off Coming?
Pi Network Migration Trouble & Binance Listing Speculation
Binance Adds New Trading Pairs
Regulatory Spotlight: Emmer Pushes Back on CBDCs
Final Thoughts: Volatility, Regulation & What’s Next

Market Snapshot: XRP ETF Delay, Pi Coin Update & Crypto Trends

The global crypto market is seeing some interesting twists today. The overall market cap has climbed 1.29%, now standing at $2.68 trillion, but the 24-hour trading volume has dipped by 25.46%, dropping to $119.6 billion. DeFi holds 6.19% of this volume, while stablecoins continue to dominate, making up 93.29% of daily trades.

Meanwhile, Bitcoin’s market dominance has inched up to 61.08%, reflecting increased investor interest despite regulatory uncertainties.

XRP ETF Delay—But Price Still Rises: What’s Fueling the Surge?

While the SEC has delayed its decision on approving an XRP ETF, XRP price still jumped 2.51%, hitting $2.18. The boost comes as Franklin Templeton joins big names like Grayscale and Bitwise in submitting ETF applications for XRP, signaling growing institutional confidence.

Even though the ETF decision is pushed to October, analysts remain upbeat, estimating a 65% probability of approval in 2025. The broader market is optimistic due to a noticeable shift toward pro-crypto regulatory sentiment in the U.S.

Mt. Gox Transfers $905M in Bitcoin: Is a Sell-Off Coming?

In a development that’s shaken market sentiment, the defunct Mt. Gox exchange transferred 11,501 BTC (~$905 million) to an unknown wallet. This follows last week’s $1.07 billion BTC movement, fueling speculation about upcoming creditor repayments and potential sell-off risks.

A portion of 332 BTC has reportedly been moved to a warm wallet for creditor settlement.
Mt. Gox still holds 35,915 BTC, worth nearly $2.8 billion.
Repayments are expected to begin by October 2025, raising concerns of a Bitcoin price correction to $75,000 if mass withdrawals hit the market.

Pi Network Migration Trouble & Binance Listing Speculation

As Pi Day (March 14) nears, Pi Network users are facing issues with KYC verification and mainnet migration. The community is frustrated over delays and limited support.

A recent Binance Pi Coin listing poll showed 87.1% user support, but Binance hasn’t confirmed any official listing date yet. Pi Coin’s price rose 21.37% intraday, reaching $1.67, but it’s still down 12.50% over the past week.

What Happens Next?

If Binance announces a listing, Pi price could rally to $3–$5.
If no news drops by March 14, prices may fall back to $1.20, causing investor sentiment to weaken further.

Binance Adds New Trading Pairs

In a positive move for traders, Binance will introduce 5 new trading pairs on March 13 at 08:00 UTC:

CVC/USDC
EURI/USDC
SYN/USDC
USDC/RON
VELODROME/USDC

These new listings will support Spot Algo Orders and Trading Bots, enhancing the platform’s trading flexibility. However, users in restricted regions like the U.S. and Canada may not be able to access them.

Regulatory Spotlight: Emmer Pushes Back on CBDCs

U.S. lawmaker Tom Emmer has reintroduced the Anti-Surveillance State Act, aiming to block the development of a U.S. Central Bank Digital Currency (CBDC) over privacy concerns. Meanwhile, Paxos CEO Charles Cascarilla is advocating for clear stablecoin regulations to prevent regulatory loopholes.

A recent report reveals that crypto firms spent $134 million lobbying in the 2024 elections, highlighting the sector’s growing political influence.

Final Thoughts: Volatility, Regulation & What’s Next

From XRP ETF delays and Mt. Gox BTC transfers to Pi Network KYC issues and Binance listing rumors, the crypto market is buzzing with activity. Add to that new Binance trading pairs and regulatory battles around CBDCs and stablecoins, and it’s clear that crypto’s future is being shaped in real-time.

Whether you’re wondering “Why is crypto up today?” or tracking the next⁸ big Binance listing, staying informed is key to making smart investment decisions in this ever-evolving digital asset space.