Author: Coin Telegraph

As US President Donald Trump prepares to host the first White House Crypto Summit on March 7, the industry is watching closely to see who will be invited.The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include more than 25 participants, including members of the Presidential Working Group on Digital Assets, according to Fox Business reporter Eleanor Terrett.As of Wednesday morning, Terrett reported that 11 crypto executives and two White House representatives had confirmed their attendance.“Unclear as of now who aside from Bo Hines and David Sacks will be in attendance, but if you go back…

Representative Mike Collins, a United States congressman for the state of Georgia, announced that his congressional campaign is now accepting cryptocurrency donations as of March 5.Donations can be made in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), USDt (USDT) and others. Collins released a statement alongside the announcement:“America has been held back by our reluctance to adapt to emerging technology, whether that be AI, machine learning, or alternative assets like crypto. I hope that by introducing this platform, I can destigmatize the crypto industry.”The lawmaker previously disclosed $65,000 in ETH purchases during 2024 and several altcoin acquisitions,…

The US crypto industry finally got what it wanted when President Donald Trump announced plans to form a national crypto reserve on March 2. But instead of celebration, the decision sparked backlash — not from the usual suspects in traditional finance or regulators but from within the crypto world itself.The controversy arises from the selection of assets in the reserve. During his election campaign, Trump pledged to create a “national Bitcoin stockpile,” making the inclusion of Bitcoin (BTC) — and, to some extent, Ether (ETH) — expected. However, the addition of XRP (XRP), Solana (SOL) and Cardano (ADA) has divided…

Update (March 2:20 pm UTC): This article has been updated to reflect more generic comments from the European Securities and Markets Authority.The European Securities and Markets Authority (ESMA) has added new comments on the status of stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA), adding to the ongoing uncertainty around their classification and use. On March 3, Binance announced plans to delist nine non-MiCA-compliant stablecoins, including Tether’s UDSt (USDT), for users in the European Economic Area (EEA).Despite removing the affected tokens for trading, Binance said it will support deposits and withdrawals of non-MiCA-compliant stablecoins after the…

Opinion by: Ross Shemeliak, co-founder and chief operating officer of StoboxFollowing US President Donald Trump’s return, Coinbase saw the Securities and Exchange Commission drop its 2023 lawsuit, alongside Robinhood Crypto’s investigation closure. On Feb. 25, the SEC also ended its federal probe into Uniswap Labs, triggering market declines with Coinbase and Bitcoin (BTC), the latter of which dropped from its $109,114 peak to $87,000, marking a notable 20% retreat. There’s no apparent reason in sight, but the overall logic of the investors’ reaction is understandable: They are not keen on unpredictability and usually care about the market much more than…

Bitcoin (BTC) has declined by more than 15% since Feb. 3—when US President Donald Trump threatened to impose tariffs on China, Mexico, and Canada—and was trading for as low as around $86,400 as of March 5.BTC/USD daily price chart. Source: TradingViewSimultaneously, investors have withdrawn over $3.50 billion in assets from US-based Spot Bitcoin exchange-traded funds (ETF) since Feb. 3, according to Farside Investors data.Let’s examine why news of Trump’s tariffs is leading to selloffs in the Bitcoin market.Economic uncertainty sours risk-on appetite The US imposed 25% tariffs on Canada and Mexico and 10% on China on March 4, raising concerns…

Solana saw nearly half a billion dollars in outflows last month as investors shifted to what were perceived to be safer digital assets, reflecting growing uncertainty in the cryptocurrency market.Solana (SOL) was hit by over $485 million worth of outflows over the past 30 days, with investor capital mainly flowing to Ethereum, Arbitrum and the BNB Chain.The capital exodus came amid a wider flight to “safety” among crypto market participants, according to a Binance Research report shared with Cointelegraph.Solana outflows. Source: deBridge, Binance Research“Overall, there is a broader flight towards safety in crypto markets, with Bitcoin dominance increasing 1% in…

For US citizens, tax season has arrived, and for crypto investors, this process entails checking multiple exchanges, wallets, decentralized exchanges and more to organize heaps of data and attempt to comply with Internal Revenue Service (IRS) crypto tax policies, which shift like grains of sand in a desert.Although President Donald Trump’s administration has proven itself to be dedicated to pro-crypto regulatory reform — and there are even rumors that capital gains taxes could be canceled for Bitcoin (BTC) and some US-based cryptocurrencies — legislative proposals and the actual transformation of policy ideas to law take time. This means US crypto…

Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors.“XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a March 5 X post.“They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP,” Rochard said, cautioning that investors are “not investing in Ripple,” just “getting tokens created out of thin air dumped…

Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.This integration enables institutional Deribit traders to hold their assets in Sygnum’s institutional-grade custody while accessing Deribit’s broad trading offering and liquidity.“This integration provides institutional traders with both the capabilities and security assurances they require to trade any of Deribit’s leading products comfortably,” Deribit CEO Luuk Strijers said.Crypto infrastructure firm Fireblocks involvedDeribit’s integration of Sygnum Protect involves collaboration…