The U.S. government has intensified its fight against illegal activities within cryptocurrencies by sanctioning dozens of addresses linked to a notorious darknet marketplace. This recent action, taken by the Treasury’s
US Commerce Secretary Lutnick: Trump Could Lift Canada and Mexico Tariffs Tomorrow
In a pivotal announcement, the US Secretary of Commerce indicated that a potential tariff compromise involving Mexico and Canada could be forthcoming. As anticipation builds, the cryptocurrency market remains keenly
Donald Trump’s recent endorsement of Cardano (ADA), XRP, and Solana (SOL) has led to speculation that exchange-traded funds (ETFs) for these assets may soon receive approval. While the President did not directly mandate that these assets be included in ETFs, his proposal to add them to a strategic reserve was seen by the market as an indirect endorsement. Analysts suggest Trump’s support could ease regulatory concerns and strengthen applications for ETFs based on these altcoins. “The inclusion of XRP in a strategic reserve strengthens the case for XRP ETF applications by helping to address some of the key regulatory concerns,” Jonathan de Wet, chief investment officer at crypto trading firm Zerocap, said in an interview. But some industry experts are urging caution. Trump’s proposal, which would prioritize Bitcoin (BTC) and Ethereum (ETH) as reserve assets, lacks a clear timeline and would likely require congressional approval before being implemented. Related News: This Altcoin Gets Proposed For "The Most Important Update In Its History", The Price Suddenly Turns Green While The Entire Market Is In The Red “We assume some sort of bill needs to pass Congress, and in my view it’s very unlikely that the reserve will look exactly as proposed,” said Luke Nolan, a research associate at CoinShares. Zach Burks, CEO of NFT marketplace Mintable, dismissed the significance of Trump’s comments, arguing that XRP and Cardano have little strategic value to the U.S. government. “They are nothing compared to the strategic gold reserves that the U.S. holds,” Burks said. Despite regulatory uncertainty, the Securities and Exchange Commission (SEC) is currently reviewing ETF applications for XRP, Solana, and Cardano. Trump’s strong support for crypto and his own initiatives in the sector, including a memecoin project, have fueled expectations that these ETFs could eventually gain approval. Meryem Habibi, chief revenue officer at Bitpace, a crypto payment gateway, believes Trump’s push for a strategic reserve will positively impact ETF approvals. “The reserve call should accelerate approvals for ETFs like Solana and XRP,” Habibi said. Despite the short-term volatility, analysts suggest that a resurgence in Bitcoin and potential SEC-approved altcoin ETFs could lead to renewed institutional interest and price gains for these assets. “In an optimistic scenario, I think XRP and Solana will garner more institutional interest and likely attract higher fund flows,” Nolan said. *This is not investment advice. Continue Reading: After Donald Trump’s Cardano, XRP and Solana Announcement, Analysts Predicted What Will Happen Next: Will the Anticipated Come?
The recent announcement surrounding Cumberland DRW and the SEC marks a significant turning point in regulatory discussions within the crypto trading sector. The withdrawal of the SEC’s charges, which alleged
The SEC last year charged Cumberland DRW with various securities charges—but now the lawsuit is set to be dropped.
Solana’s upcoming protocol upgrades are set to significantly impact validator revenues, prompting debate about their potential long-term benefits. The proposed adjustments aim to balance staking rewards with inflation rates, featuring
Belarusian President Alexander Lukashenko has instructed the country’s energy minister to develop the cryptocurrency mining industry in the country. Lukashenko was speaking on March 4 at the government meeting at which Alexei Kushnarenko was appointed to the top energy position. “We have an excess of electricity. Let them make this cryptocurrency and so on. You see the way the world is going. Especially the largest economy in the world,” Lukashenko said at the meeting with a nod to the U.S. proposed cryptocurrency reserve. Lukashenko is bullish on Belarusian crypto mining “Maybe we should do it ourselves. Why do we attract some investors, sell them electricity? Although I don’t rule it out. But you have to do it yourself. There are such proposals,” Lukashenko said . He ordered the minister to “step over the bureaucracy” and report on what needs to be done to encourage the crypto industry. Lukashenko was reelected in January and is assembling his government now. Belarus has a surplus of power thanks to the launch of the second unit of the Belarusian Nuclear Power Plant in May 2023. The construction of a second nuclear power plant has also been under discussion . The power grid was still an issue though, Lukashenko noted at the March 4 government meeting, referring to the wind storm that killed six and left 330 towns and villages in southern Belarus without power. Belarusian interest in crypto mining is not new Interest in crypto is not new in Belarus. Former energy minister and current deputy prime minister Viktor Karankevich announced in December 2023 that crypto mining farms were already active in the country. Interest in crypto mining was increasing among Russian and Chinese investors and the power system was ready to handle it. The reaction to foreign investors’ interest was slow-paced. In December 2024, Deputy Energy Minister Denis Moroz said there was lively interest in crypto mining in Belarus, which already consumed 120 MW. Meetings were being held with investors and consultants. “We see huge prospects, there are many requests. I think that we will see the implementation of new projects in the near future,” Moroz said. Crypto industry investors can enjoy favorable rates on energy due to their high consumption. Belarus to have a CBDC? Lukashenko said in January that Belarus may create its own national cryptocurrency. Experts and the government were already looking into it. “It suits us to make payments in cryptocurrency. We are working on a cryptocurrency in Belarus. We have extra electric energy. We are making the best of it,” he said . According to the Russian information service RBC, Belarusian citizens have legally owned and traded cryptocurrencies since 2017. In September, Lukashenko signed a decree banning the use of foreign crypto platforms for peer-to-peer transactions as a way to avoid scams. Trading on those platforms was not banned. Crypto firms in Belarus are required to be residents of the Belarus High Technology Park. The country’s largest bank, state-owned Belarusbank, teamed up with park resident WhiteBird in 2020 to offer crypto services. Park residents are given preferential tax treatment. Russian financial group Finam declared its interest in opening crypto services in Belarus in December 2023. It is not clear if those plans ever came to fruition. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Recent discussions in the crypto community have reignited debates over the classification of XRP, particularly in light of recent comments from industry leaders. Amidst ongoing regulatory scrutiny, Ripple’s XRP token
Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. "'This all stops in April.' 'This all stops in June.' 'This all stops in December.' No, it’s not stopping," Bukele posted on X on Tuesday afternoon. "If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining." Bukele's social media post came shortly after the International Monetary Fund (IMF) published more details about its $3.5 billion deal with the Latin American nation. The IMF claimed as part of the loan package to have imposed a prohibition of "voluntary accumulation of bitcoin by the public sector." Perhaps in response to the IMF posting, or perhaps not, El Salvador late Monday night disclosed the purchase of 19 bitcoin over the previous seven days and then on Tuesday afternoon disclosed the purchase of one additional token on top of that. The IMF news drew a number online howls by bitcoiners, including from Samson Mow, who has at least previously been close to President Bukele. "No more #Bitcoin buys for El Salvador," said Mow earlier on Tuesday . "The buys will all stop within a few months," he said later after the country did indeed make an additional purchase. The Salvadoran government currently holds 6,101.15 bitcoin, worth roughly $530 million at bitcoin's current price of around $88,000. "The message is not just important — it's a catalyst for monumental change. Thanks [Nayib Bukele]," Juan Carlos Reyes, president of El Salvador's National Commission on Digital Assets (CNAD), posted on X, linking back to Bukele's post.