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The crypto space just got spicy. Raydium might be firing back at Pump.fun, and the SEC finally said something miners have been waiting years to hear. Not curious yet? We show more below!

Remember back in late Feb when Pump.fun lowkey dropped their own AMM? Yeah… that was around the same time things got kinda awkward between them and Raydium 😅

Before that, Pumpfun relied on Raydium for liquidity on Solana meme tokens. But then came the shift—they started testing their own AMM, clearly trying to go solo and take full control of liquidity.

But here’s the thing: onchain data showed that Raydium wasn’t too bothered. Only 1.4% of Pumpfun tokens even made it to Raydium, and fewer than 100 tokens had market caps over $1M.

Even so, Pumpfun did bring in 20-30% of Raydium’s total volume—not small change.

Fast forward to today: Raydium drops LaunchLab, a new token launch platform that looks a lot like what Pumpfun’s building.

Here’s what LaunchLab offers:

The launch made waves fast—$RAY.X ( ▲ 2.35% ) jumped over 20% right after the news hit.

So what’s going on? Is this Raydium clapping back at Pumpfun? Or just leveling up its game in the meme token warzone?

Who Wins? Who Cares? We Use Both Anyway 😎

Let’s look at what this means for us:

Upsides

✅ More choices – If Pumpfun nails their AMM, we’ll have another option to create liquidity, not just depend on Raydium.
✅ More features – Competition usually means new ideas, better tools, and more fun stuff for traders and token creators.
✅ Raydium stays in the game – LaunchLab helps them hold onto users who are already used to the platform.

Downsides

⚠️ Liquidity might split – If both platforms go their own way without working together, liquidity on Solana could get messy.
⚠️ Platform beefs – If Raydium sees Pumpfun as a real threat, things could get ugly—bad policies, slowdowns, all the fun drama we don’t need.
⚠️ Too many options – Let’s be real, not everyone has time to figure out which platform is best. It can get overwhelming.

The meme token AMM game is heating up fast. Expect both teams to drop new features soon—and probably see a few more players jumping into the arena.

Who wins in the end? No clue yet. But as users, we’ll just ride the wave. Where it’s good, we go 😆

Alright, here’s the deal. Bitcoin’s been all over the place, and everyone’s wondering: “Do I wait for a crash or jump in now?”

Crypto One CEO just dropped some spicy on-chain data, so let’s break it down.

1. Bitcoin’s “Fair” Price – The Numbers Don’t Lie

→ When $BTC.X ( ▲ 2.91% ) drops below mining cost (about $57K) → hint of bear market o’clock

History’s got receipts:

Every time BTC crashes below mining cost, it’s like a neon sign flashing “BEAR MARKET”… but by then, it’s already too late to react.

🐳 Whales Bought Big at $25K – What That Means

On-chain data shows that the average buying price for long-term whale investors is now $25,000 Why this is low? Because whales don’t panic sell. Instead, they buy and hold, creating a solid price floor at their average entry level.

Think of it like this: If you bought a ton of Bitcoin at $25K, would you be in a rush to sell when prices are at $60K+? Nope.

🤔 “Wait… Didn’t BTC Drop to $15K in 2022?”

Yes, but back then, whales’ average buy price was lower than $25K.

But here’s the key difference today:

📈 Over the past two years, whales continued buying, raising their average entry price to $25K.

📉 If $BTC.X ( ▲ 2.91% ) drops below $25K now, it would be the first time in history that whales are at a loss.

⏰ The Hard Truth About Timing the Market

You’ll never know the exact bottom until it’s too late. By the time you realize it was the lowest point, prices have already moved up. Same with the top—just when you think it can’t go higher, it does. Then, when you finally decide to buy, the drop begins. That’s how markets work.

Most people sit on the sidelines waiting for “one more dip.” They think they’re being patient, but in reality, they’re just watching the opportunity pass them by.

Back in 2022, after FTX collapsed: Bitcoin crashed to $15,000 → Everyone thought, “It’s going to $12K… maybe even $10K!” → Instead, Bitcoin bounced back to $20K+ before they could react.

→ Lesson learned? If you wait too long, you miss the opportunity. The market doesn’t wait for anyone.

⏳ Timing the Bottom? Good Luck.

The playbook? Waiting for the “perfect bottom” usually backfires.

Instead of waiting for BTC to hit some mythical price, averages in and averages out:

✅ DCA in → Buy at different price points, smooth out the risk.

✅ DCA out → Sell in chunks when BTC pumps, don’t stress about the peak.

Bottom line: Stop playing guessing games - just stack, wait, and let the market do its thing.

📊 Crypto in the EU: 70% of payments go to retail, food & drinks ($8.36 avg), 26% for travel, 1.5% each on government, healthcare, and entertainment. 92% use USDT despite MiCA rules. Adoption up 44%, mostly small stablecoin transactions.

✅ Good news for U.S. Bitcoin miners: The SEC says PoW mining (solo or pooled) isn’t a securities transaction - no investment contract, no SEC filing. Miners get the green light!

🗣️ President Donald Trump will deliver a pre-recorded speech tomorrow at the Digital Asset Summit (DAS) in New York City, hosted by Blockworks. This is the first time a sitting U.S. president has addressed a Bitcoin or crypto-focused event, marking a historic moment for the industry.

👉 Eric Trump, son of U.S. President Donald Trump, has been appointed as the first member of Metaplanet’s newly formed Strategic Board of Advisers. The announcement was made on March 21, as part of Metaplanet’s effort to become a global leader in Bitcoin adoption.

🗓️ The SEC’s Crypto Task Force is hosting its first-ever panel on crypto regulation tomorrow at 1PM NY / 10AM Cali time.

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Cheers,
The Crypto Fire Team

This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.