Day: March 18, 2025

Trump admin releases JFK assassination files after 60 years of secrecy

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Key Takeaways The Trump administration released 80,000 pages of JFK assassination files, promising no redactions. The FBI recently discovered around 2,400 previously unknown records related to the assassination. Share this article The Trump administration today released roughly 80,000 pages of files related to President John Kennedy’s assassination, following decades of public demand for transparency about the 1963 event. “People have been waiting decades for this,” President Trump said in a speech at the Kennedy Center on Monday, promising the documents would be released without redactions. “I said during the campaign…

ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

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Ether (ETH) price fell below $2,200 on March 9 and has struggled to recover since. The altcoin is down 14% in March and the decline has hurt investor sentiment, especially as the broader crypto market only dropped 4% in the same period.  Adding to the bearish sentiment, traders are also worried about further ETH price corrections after a 34% weekly drop in decentralized exchange (DEX) activity on the Ethereum network. Blockchains ranked by 7-day DEX volumes, USD. Source: DefiLlama DEX volumes on Ethereum dropped 34% in the last seven days,…

Crypto companies seeking bank charters under Trump admin — Report

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Cryptocurrency and fintech companies are increasingly seeking bank charters in an attempt to grow their businesses under the Trump administration, according to a report from Reuters, which talked to more than half a dozen industry executives. The moves come as the administration is seen as more industry-friendly and there are opportunities to gain the licenses that regulators under previous administrations may have been slow to approve. While discussions about pursuing bank charters are on the rise, it is unknown how many companies will ultimately follow through. It can cost tens…

Cardano’s ADA lands spot in US Digital Asset Stockpile — Will it generate value?

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On March 2, President Donald Trump mentioned Cardano’s ADA (ADA) token among the cryptocurrencies to be included in the US strategic crypto reserve. Trump’s March 6 executive order clarified that altcoins would be part of the Digital Asset Stockpile (DAS) under the “responsible stewardship” of the Treasury. ADA’s potential inclusion in a government-managed portfolio sparked industry-wide surprise and, at times, harsh criticism. Although it has loyal investors who have supported it for years, many in the crypto community questioned why the token was included in the digital asset stockpile. Let’s…

Bitcoin price volatility ramps up around FOMC days — Will this time be different?

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At the start of the week, Bitcoin (BTC) price succumbed to pressure from sellers, declining from $84,500 on March 17, to $81,300 at the time of writing. This downward movement was most likely a sell-off related to the Federal Open Market Committee’s (FOMC) two-day meeting, which takes place on March 18-19. Federal Open Market Committee (FOMC) meetings tend to act as market resets. Each time the FOMC meets to deliberate on US monetary policy, crypto markets brace for impact. Historically, traders de-risk and reduce leverage ahead of the announcement, and…

83% of institutions plan to up crypto allocations in 2025: Coinbase

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Institutional investors are increasingly bullish on cryptocurrency, with 83% saying they plan to up crypto allocations in 2025, according to a March 18 report by Coinbase and EY-Parthenon.  Already, nearly three-quarters of firms surveyed said they hold cryptocurrencies other than Bitcoin (BTC) and Ether (ETH), and a “significant majority” said they plan to boost crypto allocations to 5% or more of their portfolios, the report said.  They are motivated by the view that “cryptocurrencies represent the best opportunity to generate attractive risk-adjusted returns over the next three years,” according to the…

Stablecoin, market structure bills should get done this year — Rep. Khanna

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US Representative Ro Khanna, a Democrat from California, said at the Digital Assets Summit on March 18 that Congress “should be able to get” both a stablecoin and crypto market structure bill done this year. Khanna added that there are 70 to 80 Democrats now who understand the importance of stablecoin legislation in increasing American influence around the world by giving more people access to dollars. Rep. Ro Khanna (right) at the Digital Assets Summit, March 18. Source: Cointelegraph Stablecoins are a growing crypto use case, especially in developing countries…

Samourai Wallet Developers Appear Together In Court At Fourth Pre-Trial Hearing

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Today, the fourth pre-trial hearing for the United States’ case against the Samourai Wallet developers took place in the Southern District of New York. This is the second time that the two developers, Keonne Rodriguez and William Lonergan Hill, have appeared together in public since the previous status conference, which occurred on September 17, 2024. Today’s hearing was the shortest and least substantive of the four pre-trial hearings that have occurred thus far. Pre-Trial Motion Schedule At the hearing, the prosecution and the defense established and agreed upon the pre-trial…

US stablecoin bill likely in ‘next 2 months’ — Trump’s crypto council head

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Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, said comprehensive stablecoin legislation is expected to be finalized in the coming months, underscoring the government’s urgency to maintain the US dollar’s dominance in onchain activity.  Speaking at the Digital Asset Summit in New York on March 18, Hines said stablecoin legislation is “imminent” following the Senate Banking Committee’s approval of the GENIUS Act last week.  The GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins, establishes collateralization guidelines for…

Binance CEO reiterates denial of Trump family deal talks

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Binance CEO Richard Teng denied reports that Binance.US was in deal talks with entities affiliated with US President Donald Trump during a March 18 panel at Blockworks’ 2025 Digital Asset Summit in New York. Teng’s statement reiterated the position taken by Binance’s founder, Changpeng “CZ” Zhao, and Trump, both of whom denied the story last week. On March 13, The Wall Street Journal reported that Binance.US, an independently-operated US cryptocurrency exchange, was discussing selling an equity interest to Trump-affiliated business entities, including a possible deal with World Liberty Financial, the…