Anza, the Solana-focused software development firm in charge of the Agave client, has released its roadmap for 2025. The main focus is to make Solana a faster and more effective network, aiming to reach the 1 million transactions per second (TPS) mark in the future. Anza stated that is preparing to increase its capacity, which
In the wake of recent market turmoil, Bitcoin’s perceived stability as a safe-haven asset is once again being called into question. The announcement of new tariffs by the Trump administration
Bitcoin (BTC) was back in the red on Monday as Sunday’s rally lost momentum after Donald Trump reaffirmed his intentions to impose tariffs on Canada and Mexico starting March 4. Both countries vowed to retaliate, sending markets into a tailspin. The flagship currency is down over 11% in the past 24 hours after dropping from a high of $94,344 to its current level of $82,800, as the hype around the crypto strategic reserve faded after criticism from industry players. Spot Bitcoin ETFs Register $74M Outflows Spot Bitcoin ETFs started the week with continued outflows, shedding just over $74 million on Monday. The development aligns with the capital retreat from the asset, with Bitcoin-focused ETFs registering just one day of inflows over the past two weeks. BlackRock’s IBIT led outflows with nearly $78 million withdrawn. Grayscale’s GBTC also registered significant outflows of over $54 million. However, Ark21Shares ARKB registered inflows of around $58 million, signaling selective investor confidence. $980M Wiped Out From Leverage Traders In 24 Hours According to data from TradingView, BTC plunged almost 9% on Monday and extended its decline to the current session, wiping out its weekend gains. President Donald Trump’s announcement about the crypto strategic reserve was turned into a short-term “buy the rumor, sell the news” event, wiping out 289,815 positions worth $978 million over the past 24 hours. Additionally, pressure and waning investor sentiment adversely impacted the crypto market, which is back to pre-Sunday levels, giving up all its gains during Monday’s collapse. According to QCP Capital, the sell-off was exacerbated by President Trump reaffirming that tariffs against Canada and Mexico would go ahead on March 4. Both countries vowed to retaliate, spooking markets further. The prospect of an escalating trade war with China also dampened market sentiment after China announced retaliatory tariffs. The surprise inclusion of Ripple (XRP), Cardano (ADA), and Solana (SOL) also divided the crypto community, with the initial euphoria quickly turning into skepticism. QCP analysts stated, “This downturn could intensify pressure on Trump, especially after the strong support and donations he received from the crypto community during his campaign. Even the SEC’s latest move — pausing and dismissing enforcement cases against crypto firms — failed to stem the sell-off, underscoring broader risk aversion in the market.” Economist Peter Schiff called for an investigation into President Trump’s Truth Social posts, claiming they helped pull off the biggest crypto rug pull of all time. Schiff stated that Trump orchestrated a "pump and dump" scheme and demanded to know who had advance notice of the posts in question. “Donald Trump, the first crypto President, just helped pull off the biggest crypto rug pull of all time. A Congressional investigation is now warranted to find out the following regarding this pump and dump scheme.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) registered a significant rally over the weekend as it reclaimed $90,000 after Donald Trump announced the strategic crypto reserve. However, market sentiment changed on Monday, erasing all the weekend gains as market experts accused Trump of manipulating the market with the announcement. Market sentiment was also impacted after industry experts criticized the inclusion of ADA, XRP, and even SOL in the strategic reserve. Castle Island Ventures General Partner Nic Carter stated, “It's not the job of the government to run an ersatz crypto hedge fund. It's not their job to pick winners and losers.” Harrison Seletsky, Director of Business Development at Digital ID Platform SPACE ID said the inclusion of ETH and SOL makes sense because of their robust developer activity. However, he argued that XRP and ADA were virtually ghost chains compared to ETH and SOL. “In my eyes, it somewhat delegitimizes the whole idea of crypto reserve assets like industry mainstays bitcoin, ether, and Solana.” Two Prime Digital Assets CEO Alexander Blume called XRP, ADA, and SOL tech companies that happen to have a cryptocurrency. “They are very centrally controlled, and ownership is also highly concentrated. These products are constantly changing and adapting to the market whereas BTC is a decentralized product with no single group of owners or controllers and is more akin to gold.” BTC started the previous week on a bearish note, dropping nearly 5% on Monday to settle at $91,622. Bearish sentiment intensified on Tuesday as BTC fell below $90,000 on its way to an intraday low of $85,985. The price rebounded from this level but could not reclaim $90,000, ultimately settling at $84,129 after a drop of 3%. Sellers retained control on Wednesday as BTC plunged over 5% to an intraday low of $82,081 before settling at $84,129. Despite the overwhelming selling pressure, BTC recovered on Thursday, reaching an intraday high of $87,045 before settling at $84,457, registering a marginal increase. Source: TradingView However, selling pressure returned on Friday as BTC plunged below $80,000 and the 200-day SMA on its way to an intraday low of $78,179. However, it rebounded from this level to reclaim $80,000 and settle at $84,362, ultimately registering a marginal decline. Sentiment changed over the weekend as BTC rose just over 2% on Saturday to settle at $86,182. Bullish sentiment intensified on Sunday following Trump’s announcement regarding the crypto strategic reserve. As a result, BTC surged over 9% to reclaim $90,000 and move past the 20-day SMA to settle at $94,322. However, the rally was short-lived as the price crashed on Monday, dropping nearly 9% to $86,201. The current session sees BC down almost 4% and trading at $82,886 as sellers look to push it below $80,000. The RSI was rejected from the neutral level and currently sits at 35, indicating bears have the upper hand. The MACD is also bearish, indicating a potential downtrend for the flagship cryptocurrency. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The global financial market, including crypto, is experiencing turmoil as the U.S. President’s aggressive tariff policies on Mexico and Canada have started a trade war. Analysts anticipate that Trump’s tariff war will cause downward pressure on the U.S. dollar, allowing cryptocurrencies to emerge. At this time, investors must consider potential crypto tokens to buy and make heavy profits. What to buy? Let’s discuss this. Crypto Token Strengths While Dollar Weakens With Trump Tariff War Renowned financial analyst Peter Schiff revealed that the Trump tariff war is not bullish for the dollar. His analysis points out the dollar’s performance against the Euro, which shows that the former is at its lowest point since December 10. At the same time, it has been the lowest against the Yen since October 9. As I’ve been saying, tariffs are not bullish for the dollar. This morning, the dollar is at its lowest level against the euro since Dec. 10th and its lowest against the yen since Oct. 9th. Not only will tariffs make goods more expensive, but a weaker dollar will add to the cost. Although this tariff implication has brought crypto market turmoil, a weaker Dollar means the opportunity for the cryptos to grow. More importantly, experts call the market dip a buying opportunity so that investors can opt to buy at a low for significant returns. 3 Crypto Tokens To Buy Amid Trump’s tariff war and the announcement of the U.S. Strategic Crypto Reserve, this is an ideal situation to buy top cryptos for the best returns. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration… My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.” As the U.S. prepares to become the global leader of the cryptocurrency sector, investors can consider buying Bitcoin, Solana, XRP, and a few other crypto tokens. 1. Bitcoin (BTC) Bitcoin is the biggest digital currency in the market and the most demanded due to its command on the global market, higher adoption, and institutional buyers like MicroStrategy, BlackRock, and others. Now, it will be the core of the U.S. crypto reserve, making it a must-buy crypto, especially as its price is down to a low of $82.8k. 2. Solana (SOL) Solana is hyped due to its fast transactions, low fees, and the popularity of the Solana meme coins. It is an ideal asset with possible Solana ETF approval and Trump putting it on the crypto reserve list . However, investors must consider volatility and other factors before buying the dip. 3. XRP (XRP) The third in the crypto tokens to buy list is the XRP, which currently trades at $2.31. It has presented impressive performance recently and is under a lot of attention due to crypto reserve, ETF hype, and cross-border payment demand. Some investors believe it will gain more government interest due to these utilities. Conclusion Donald Trump’s tariff implementation has been wreaking havoc on the financial market, and the crypto industry is no exception. With the U.S. Strategic Crypto Reserve in discussion and the U.S. dollar weakening, it is the ideal time to stock on cryptos, which are trading at a low. Once the market recovers, historical trends reveal that Bitcoin, Solana, and XRP will be among the first to recover. Their demand, price performance, and many other factors make them the best crypto tokens to buy. However, investors must consider the market’s unpredictability and research further. The post Top 3 Crypto Tokens To Buy As Trump’s Tariff War Weakens Dollar appeared first on CoinGape .
The Bank of Israel has put forward a possible design for a central bank digital currency (CBDC) should the decision be made to introduce one in the future. The central bank described the proposed digital shekel (DS) as a "multipurpose CBDC", to wit it would be for both retail and wholesale use, in a paper published on Tuesday . "The DS will be a multipurpose digital currency that will address both the retail needs of end users such as households and businesses as well as the wholesale needs of financial entities," the paper said. The Bank of Israel would therefore be providing a digital equivalent to cash while also upgrading its existing settlement system that financial institutions already use, adding "smart" functionality, such as composability and programmability. The central bank also stressed that no decision has been made whether to issue a CBDC. Therefore, the design presented by the paper should only be considered a preliminary one. The central banks of almost all the developed economies across the world have at least been exploring the possibility of issuing a CBDC for several years. While their proponents argue they are a tool for financial inclusion and a means of future-proofing fiat currencies against the decline in cash usage, they are also criticized by those who see them as a Trojan horse for reinforcing state control over the use of money.
The recently established crypto task force will be holding a roundtable discussion focusing on defining the security status of digital assets, amid shifting regulatory approaches and recent policy changes. SEC Organizes Crypto Task Force Roundtable The U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable discussion under its newly established crypto task force. The event, titled “How We Got Here and How We Get Out – Defining Security Status,” will take place on March 21 at the SEC’s Washington, DC headquarters as part of the broader “Spring Sprint Toward Crypto Clarity” initiative. This marks a significant move by the SEC in addressing regulatory uncertainties in the digital asset sector. The agency has largely relied on enforcement actions rather than clear regulatory frameworks, leading to ongoing legal disputes and industry concerns. Key Participants and Format The discussion will be live-streamed, with a recorded version available later. However, attendees will also engage in closed-door breakout sessions, which will not be broadcast. These private sessions aim to facilitate more candid discussions among regulators, legal experts, and industry leaders. The SEC recently unveiled the members of its Crypto Task Force, which includes former big law firm crypto lawyer Michael Selig as chief counsel and longtime SEC staffers. Additionally, Sumeera Younis, former policy counsel to Commissioner Hester Peirce, has been appointed as the task force’s operations chief. Regulatory Developments and Industry Implications Commissioner Hester Peirce, who is leading the task force, emphasized the importance of public engagement in shaping crypto regulations, stating, “I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto.” Since its formation, the task force has engaged with various industry representatives, including Crypto Council for Innovation, Zero Hash, and Paradigm Operations. High-profile figures such as Michael Saylor have also contributed to discussions. One of the task force’s key considerations is the classification of certain crypto tokens as non-securities, signaling a potential shift in the SEC’s regulatory approach. This move comes as the agency operates without a Senate-confirmed chair, contributing to an evolving stance on crypto oversight. Recent SEC Policy Shifts Under the current administration, the SEC appears to be adopting a more industry-friendly approach. This follows dismissed lawsuits against major crypto firms such as Coinbase , OpenSea, Robinhood, and Gemini. On March 3, the agency dropped its lawsuit against Kraken , adding to the list of abandoned litigation efforts initiated during the Biden administration. As regulatory discussions continue, the upcoming roundtable could play a pivotal role in shaping the future of digital asset governance in the United States. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Overturning the IRS rule could boost DeFi innovation by reducing compliance burdens, but may raise concerns about tax evasion and transparency. The post Trump’s administration backs resolution to undo IRS DeFi broker rule appeared first on Crypto Briefing .
Coinbase, the largest cryptocurrency exchange in the United States, announced that it will list PancakeSwap, Brett (Based) and ai16z altcoins in futures. *This is not investment advice. Continue Reading: JUST IN: Coinbase Announces to List 3 Altcoins in Futures
CANADA TO IMPOSE 25% TARIFFS ON ADDITIONAL C$125 BILLION OF U.S. IMPORTS IN 21 DAYS, ANNOUNCES TRUDEAU