Nasdaq has received approval from the U.S. Securities and Exchange Commission 
to proceed with its tokenized equities pilot. According to the SEC’s approval 
filing, Nasdaq can now move ahead with “eligible participants” choosing to 
trade securities in either traditional or…

Nasdaq wins SEC approval to trial tokenized stock trading

Amid strong institutional demand and regulatory clarity from US authorities, 
an analyst has suggested that Solana (SOL) could potentially rally above a 
crucial psychological barrier for the first time in a month. Related Reading: 
BNB Chain Momentum Grows As Total RWA Value Hits $3B Clear Skies Ahead For 
Solana Over the past week, Solana has had a remarkable performance, jumping 
22% from March lows and breaking out of its multi-week consolidation range. 
The cryptocurrency has been hovering between the $77 and $92 levels over the 
past month and a half, failing to break above the upper zone of this range 
despite multiple attempts. Following the recent crypto market bounce, the 
altcoin reached a one-month high of $97 at the start of the week, before 
dropping to $90 on Wednesday. Amid this performance, analyst Ali Martinez 
reported that SOL recently flashed a key bullish signal for the first time 
since January, suggesting a relief rally could be ahead. As he explained, the 
SuperTrend indicator, which is used to identify the current market trend, has 
turned bullish on Solana, flipping from Sell to Buy on the daily chart. In 
addition, the market watcher noted that there’s little resistance until the 
$100 psychological barrier, signaling a potential breakout to $115. Per the 
post, the UTXO Realized Price Distribution (URPD) metric shows that “a robust 
demand floor” was established between $85.55 and $82.60, where 76 million SOL 
tokens were transacted. “This 38-day accumulation phase has effectively 
exhausted sell-side liquidity. With no significant supply barriers remaining 
on the horizontal profile, Solana has a clear path toward the $100 
psychological level, followed by the $115 liquidity cluster,” he detailed, 
adding that the “‘ceiling’ is significantly thinner than the current floor.” 
Martinez emphasized that if Solana holds the 39-day distribution zone that 
flipped into a structural floor around the $93 area, a bull rally could happen 
“much faster than people think.” Institutional Demand, Regulatory Clarity Fuel 
SOL’s Momentum SOL’s anticipated recovery comes as spot Solana Exchange-Traded 
Funds (ETFs) record their largest single-day performance in two weeks and 
their best weekly run since the mid-January market crash. According to 
SoSoValue data, the category saw $17.81 million in inflows on March 17, its 
highest single-day net flows since the start of the month, suggesting strong 
institutional demand. Meanwhile, the SOL-based funds have seen a five-week 
positive streak despite market volatility, largely fueled by geopolitical 
tensions. As the report noted, Solana Spot ETFs have cumulative net inflows of 
$989.3 million amid strong, “just shy of the $1B milestone.” Related Reading: 
The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal 
Since September Adding to the momentum, US regulators have recently shared 
long-awaited clarity on how federal securities laws apply to many crypto 
assets, resolving years of regulatory ambiguity. On Tuesday, the U.S. 
Securities and Exchange Commission (SEC) and the Commodity Futures Trading 
Commission (CFTC) issued joint guidance to provide clearer rules for market 
participants, officially confirming that most crypto assets, including Solana, 
Cardano, and XRP, are digital commodities rather than securities, joining 
Bitcoin and Ethereum in this classification. As of this writing, Solana trades 
at $90, a 6.4% increase in the monthly timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Solana Eyes ‘Clear Path’ Towards $115 Amid SEC Guidance, SOL ETFs Demand

SBI VC Trade has become the first licensed exchange in Japan to launch a USDC 
lending service, offering an introductory 10% annual yield. SBI VC Trade, a 
subsidiary of SBI Holdings, announced it will launch its “USDC Lending” 
service on March 19th, 2026, marking a first for licensed operators in Japan. 
The service allows customers […]

SBI VC Trade Launches Japan’s First Licensed USDC Lending Service

Expectation of a relief rally came despite a widely used crypto sentiment 
indicator falling back into “Extreme Fear” on Wednesday.

Crypto traders eye ‘bullish relief rally’ after Fed holds rates steady

On-chain data shows the 365-day Bitcoin MVRV Ratio has recently been sitting 
deep inside the negative zone, implying long-term buyers are underwater. 
Bitcoin MVRV Ratio Suggests 1-Year Holders Still In Pain In a new post on X, 
on-chain analytics firm Santiment has talked about how the short-term and 
long-term Bitcoin returns have been looking from the perspective of the Market 
Value to Realized Value (MVRV) Ratio. This indicator keeps track of the ratio 
between the Market Cap of BTC and its Realized Cap. Related Reading: Bitcoin 
STH Profit-Taking Ramps Up As Price Breaks $74,000 The Market Cap here is 
simply the total value of the Bitcoin circulating supply at the current spot 
price. This metric can be considered as an estimate of the value that the 
investors as a whole are carrying in the present. The Realized Cap, in 
contrast, measures the value that the holders initially put into the 
cryptocurrency. It does so by summing up the last blockchain transaction price 
of each token in circulation. As the MVRV Ratio compares the two metrics, its 
value essentially tells us about the profit-loss status of the network. When 
the indicator is greater than 1, it means the investors as a whole are sitting 
on some net unrealized profit. On the other hand, it being under the threshold 
suggests the dominance of loss in the market. In the context of the current 
topic, the MVRV Ratio of the entire network isn&#8217;t of interest, but rather that 
of two segments of it: 30-day and 365-day buyers. Below is the chart shared by 
Santiment that shows the trend in the metric separately for the two Bitcoin 
cohorts. In the graph, the MVRV Ratio is displayed as a percentage, with the 1 
level corresponding to the 0% mark. It would appear that the metric was 
sitting at +7.1% for the 30-day investors at the time that the analytics firm 
made the post, indicating a profitable status for the recent buyers. 
Generally, holders become more likely to sell the larger that their profits 
get, so it&#8217;s possible that these short-term traders could be tempted to take 
their gains of the rally. BTC has seen a notable pullback in the past day and 
it may be due to profit realization from these investors. While the new buyers 
have been in gains, the 1-year investors haven&#8217;t been so fortunate. As is 
visible in the chart, the MVRV Ratio of this cohort has been around -22.1% 
recently, which is inside a region that Santiment defines as pertaining to an 
&#8220;opportunity&#8221; zone. Related Reading: Cardano Chop Nearing End? Here’s The Key 
Resistance To Watch Given this dominance of losses among this cohort, Bitcoin 
may not be set up badly from a long-term perspective. It only remains to be 
seen, however, how the asset will develop in the coming months. BTC Price 
Bitcoin has plummeted to the $71,100 level following its price drop over the 
past day. Featured image from Dall-E, chart from TradingView.com

Cryptocurrency price in NZD