Day: March 7, 2025

Trump-linked WLFI triples Ether holdings, Solana sees $485M outflows: Finance Redefined

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The blockchain platform linked to United States President Donald Trump took the crypto market downturn as an investment opportunity, tripling its Ether holdings in a week ahead of the White House’s first Crypto Summit on March 7. Meanwhile, Solana was hit by nearly half a billion dollars worth of outflows in February as cryptocurrency investors sought safer investments following a wave of memecoin scams and rug pulls. Trump’s WLFI tripled Ether holdings in a week amid market downturn The decentralized finance (DeFi) platform linked to US President Donald Trump significantly…

US Bitcoin reserve ups volatility, futures recoil

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Bitcoin’s volatility reached new highs and futures prices recoiled after US President Donald Trump’s order to create a strategic Bitcoin reserve for the United States drew ambivalent reactions from traders, market data shows.  Experts said the market’s response indicates disappointment among traders who hoped for a more aggressive plan to buy Bitcoin (BTC) with federal funds and uncertainty about the longer-term impacts of Trump’s announcement.  “The executive order did not meet market expectations because it failed to announce any new purchases, which many had hoped for,” said Theodore Agranat, Gunzilla…

Bitcoin price all-time highs historically linked to US Dollar Index declines — Analyst

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Bitcoin has struggled to trade above $90,000 since falling below $95,000 on Feb. 24. The crypto asset has been subjected to severe price fluctuations over the past week, with Bitcoin’s (BTC) realized volatility, reaching its highest level since Q3 2024, according to Glassnode. BTC annualized realized volatility. Source: Glassnode While the market braced for further price swings ahead of the first-ever US crypto summit at the White House, analysts have also focused on the US dollar’s current plunge and its potential impact on Bitcoin. Bitcoin, US Dollar Index correlation hints…

BTC, ETH, XRP, BNB, SOL, ADA, DOGE, PI, HBAR, LINK

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Bitcoin (BTC) rebounded off the intraday low on March 7 and is trying to claw back above the $90,000 resistance, indicating buying at lower levels. Bitcoin sold off after the US Strategic Bitcoin Reserve executive order signed by US President Donald Trump fell short of expectations.  However, some analysts consider the reserve formation to be bullish as they expect other nations to follow the US in establishing their own strategic Bitcoin reserves. Additionally, the reserve mitigates the fears some institutional investors have about buying Bitcoin.  Swan Bitcoin CEO Cory Klippsten…

David Sacks says XRP, SOL and ADA are in Trump’s spotlight due to market cap dominance

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Key Takeaways Trump mentioned XRP, SOL, and ADA due to their large market capitalizations. The assets are part of the proposed US Crypto Strategic Reserve initiative. Share this article Speaking on Bloomberg Television on Friday, White House AI and crypto czar David Sacks clarified that President Trump mentioned XRP, Solana (SOL), and Cardano (ADA) in his earlier statement due to their positions among the top five crypto assets by market capitalization. “The President just mentioned the top five cryptocurrencies by market cap,” said Sacks, when asked why the President mentioned…

Sen. Warren requests financial disclosures from Trump’s crypto czar

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Massachusetts Senator Elizabeth Warren, ranking member of the Senate Banking Committee, is asking for White House AI and Crypto Czar David Sacks to back up his claims that he no longer holds any digital assets. In a March 6 letter to Sacks, Sen. Warren suggested US President Donald Trump and “other private individuals” would directly benefit from the executive branch’s digital asset policies. She expressed concerns about Sacks’ potential conflicts of interest, requesting he make any financial disclosures with the Office of Government Ethics public and provide information about his…

WLFI’s DeFi credentials under fire after Sui partnership

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Sui, a layer-1 blockchain developed by San Francisco-based Mysten Labs, announced on March 6 that it had partnered with World Liberty Financial (WLFI). As part of the deal, Sui’s native token, SUI (SUI), will be included in WLFI’s “Macro Strategy” strategic token reserve, and both entities will explore product development opportunities together. WLFI, a decentralized finance (DeFi) protocol, has drawn controversy due to its ties to the family of US President Donald Trump. While WLFI insists that none of Trump’s family members hold an officer or director position, Eric Trump…

Nasdaq stock exchange to offer 24-hour trading 5 days a week

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The Nasdaq stock exchange will offer 24-hour trading, Monday through Friday, with the change in trading hours expected to take place in the second half of 2026, subject to regulatory approval. According to a March 7 statement from Nasdaq president Tal Cohen, the growing international demand for Nasdaq-linked exchange-traded funds (ETFs) and US equities warrants an extension of trading hours. Cohen wrote: “Over 56 exchange-traded products have launched in the last five years tracking the Nasdaq-100 Index, and 98% of these products were introduced outside of the United States.” “Total…

‘We have about 200,000 Bitcoin left’: Senior White House official

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In a March 7 press call ahead of the first White House Crypto Summit, a senior White House official said the US government holds about 200,000 Bitcoin from forfeiture proceedings for its strategic reserve. “We believe we have about 200,000 Bitcoin left, and we’re placing those in the strategic reserve so that we do have a long-term strategy to maximize its value,” they said. According to the official, the US government came into possession of roughly 400,000 Bitcoin (BTC) through various criminal and civil proceedings, including the infamous Silk Road…

Ripple co-founder’s $150M wallet hack traced to LastPass security breach: ZachXBT

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Key Takeaways A LastPass security breach is linked to the theft of 213 million XRP tokens from Chris Larsen. The LastPass breach has resulted in total losses of $250 million due to ongoing crypto theft. Share this article Ripple co-founder Chris Larsen’s $150 million crypto theft in January 2024 has been linked to a LastPass security breach from 2022, according to on-chain security expert ZachXBT, citing a recent US law enforcement forfeiture complaint. The attack resulted in the theft of 213 million XRP tokens, valued at $112 million at the…