Crypto Market Recap: SEC Expands Roundtables, GameStop Bets on Bitcoin

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$87,983.18, a 0.6 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$87,109.90 and a high of US$88,430.06.

Bitcoin performance, March 26, 2025.

Chart via TradingView

Bitcoin’s price performance has been influenced by GameStop’s (NYSE:GME) announcement to invest in Bitcoin as a treasury reserve asset, mirroring strategies of companies like MicroStrategy (NASDAQ:MSTR).This decision initially boosted Bitcoin’s value, but the momentum was short-lived as broader market sentiments shifted.

Ethereum (ETH) is priced at US$2,065.42, garnering a 1.0 percent decrease over a 24-hour period. The cryptocurrency reached an intraday low of US$2,035.04 and a high of US$2,083.34.

Altcoin price update

• Solana (SOL) is currently valued at US$144.49, down 1.9 percent over the past 24 hours. SOL experienced a low of US$141.70 and a high of US$147.20 on Wednesday.

• XRP is trading at US$2.47, reflecting a 0.4 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.43 and a high of US$2.48.

• Sui (SUI) is priced at US$2.55, showing an 8.1 percent increase over the past 24 hours. It achieved a daily low of US$2.41 and a high of US$2.64.

• Cardano (ADA) is trading at US$0.7679, reflecting a 0.2 percent decrease over the past 24 hours. Its lowest price on Wednesday was US$0.7406, with a high of US$0.7732.

Crypto news to know

SEC introduces four new crypto roundtables

The US Securities and Exchange Commission (SEC) has announced four additional roundtables focusing on crypto regulation, following its first digital asset forum on March 21.

These sessions, scheduled from April to June, will cover trading, custody, tokenization, and decentralized finance (DeFi).

Led by Commissioner Hester Peirce, the SEC’s Crypto Task Force is working to establish a clearer regulatory framework under acting Chair Mark Uyeda. Notably, the agency is reconsidering enforcement actions from the previous administration and may withdraw proposed rules that expanded oversight of crypto trading platforms.

Meanwhile, the SEC will also hold a March 27 roundtable on artificial intelligence’s role in financial markets.

GameStop’s Bitcoin bet sparks meme stock rally

GameStop shares surged 11.6 percent to US$28.35 after the company announced it would add Bitcoin to its treasury reserve assets, mirroring Michael Saylor’s Strategy.

The move comes as GameStop struggles with declining brick-and-mortar sales, having pivoted toward e-commerce under CEO Ryan Cohen.

Speculation around the retailer’s crypto ambitions grew after Cohen was seen with Saylor on social media last month. Analysts warn that GameStop’s exposure to Bitcoin could introduce more volatility to its stock.

The company, however, has been aggressive in cutting costs, doubling its Q4 net income to US$131.3 million despite a 30 percent revenue drop.

North Carolina moves to allow pension fund crypto investments

North Carolina lawmakers have introduced two bills—House Bill 506 and Senate Bill 709—seeking to allow up to 5 percent of certain pension funds to be allocated to digital assets like Bitcoin and stablecoins.

The legislation proposes an independent “Investment Authority” to manage these assets, separate from the State Treasurer. This follows a national trend, with states like Indiana, Kansas, and Florida exploring similar measures, often through Bitcoin ETFs.

Internationally, pension funds in Australia and Norway have also increased their exposure to crypto-related investments.