U.S. President Donald Trump will host a crypto summit on March 7, the White House announced. White House Crypto and AI Czar David Sacks and Bo Hines, the executive director of a working group on digital assets, will run the meeting, though Trump will speak at the summit, a late Friday press release said. "Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President's Working Group on Digital Assets," the release said. The summit will come just about a month after Sacks, alongside congressional leaders, gave his first public remarks as Trump's crypto czar. "We want to keep that innovation onshore in the U.S.," he said at the Feb. 4 press conference. "Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries." The White House did not name the summit's other attendees. Friday's announcement ends a busy week for the crypto industry. Earlier in the day, a federal judge signed off on the Securities and Exchange Commission's motion to withdraw its case against Coinbase. Joe Lubin, the CEO of Ethereum incubator ConsenSys, and Cameron Winklevoss, the co-founder of exchange Gemini, both said earlier in the week that the SEC informed their respective companies that it would shutter its investigations into those firms. The SEC also filed to pause its case against the Tron Foundation and founder Justin Sun. "After the previous administration unfairly prosecuted the digital asset space, President Trump's policy vision represents a new era for digital financial technology," the press release said. "The administration is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty."
Ethereum price closed trading at $2,200 mark on Friday, closing February 2025 with 33% losses. On-chain data suggests Ethereum ETFs influence on the market downtrend could intensify as fresh altcoin ETF approvals edge closer. Ethereum (ETH) Declines 33% in February 2025 Ethereum (ETH) experienced intense selling pressure throughout February, reflecting broader bearish sentiment in financial markets. While major altcoins like XRP and Solana gained momentum following progress in their respective ETF filings, ETH price has struggled to retain investor interest. Ethereum Price Forecast ETH price chart above highlights a significant downturn, with ETH losing over 22% this week alone. The price tumbled from $2,800 on Monday to close near $2,220 on Friday. Zooming out, Ethereum’s closing price of $2,220 represents a staggering 33% decline from its February 1 opening price of $3,200. Ethereum ETFs See $300M Outflows as Traders Rotate to LTC, SOL ETFs Ethereum ETFs have seen a relentless wave of outflows, with institutional investors pulling over $300 million in the past seven trading days. The selling spree, which began last week, has now extended into this week, marking a period of sustained capital flight from ETH-based funds. A detailed breakdown of the outflows according to Fairdside data shows that February 26 witnessed the largest single-day withdrawal at $94.3 million. The preceding days also recorded heavy selling: February 24: $78 million February 25: $50.1 million February 27: $71.2 million No ETF inflows were recorded throughout this week, making it the first week in 2025 where Ethereum ETFs saw only outflows. This trend suggests institutional investors are either reallocating capital or hedging against further downside risk in ETH. Ethereum (ETH) ETFs Flows Feb 2025 | Source: SosoValue The persistent selling pressure has aligned with Ethereum’s sharp price decline, with the asset falling 22% this week and extending its monthly losses to 33%. Market analysts attribute the downturn to a combination of macroeconomic uncertainty and shifting investor focus toward alternative crypto ETFs. Rival Layer-1 altcoin projects such as Litecoin and Solana have gained momentum. Bitwise has filed for an Aptos ETF , while CME Group is moving forward with Solana futures ETFs. With Polymarket odds suggesting a 90% chance of LTC ETF approval, capital rotation away from Ethereum appears to be accelerating. Unless ETH sees renewed institutional interest, continued ETF redemptions could reinforce its bearish trend in the coming weeks. Investors Eye Alcoin ETFs Amid Ethereum Uncertainty Ethereum’s ETF exodus coincided with increasing traction for alternative cryptocurrency ETFs. Recent SEC filings indicate a growing interest in Litecoin (LTC) and Solana (SOL) ETFs, driving speculation about near-term approvals. Key developments include: Bitwise’s Aptos ETF Filing : This filing intensified investor interest in newer blockchain projects. Polymarket Betting on Litecoin ETF Approval : Forecast markets currently price a 90% probability of an LTC ETF gaining SEC approval. CME Group’s Solana ETF Speculation : The derivatives giant’s move toward Solana futures suggests growing institutional interest in SOL-based ETFs. These developments hint at a potential reallocation of capital from Ethereum ETFs to emerging crypto ETFs, as traders seek higher growth opportunities. Ethereum price action remains under pressure amid heavy ETF redemptions and shifting investor interest toward alternative assets. While the final trading day of February saw a net ETF inflow, the prior weeks’ sell-off underscores the broader uncertainty surrounding Ethereum’s network and market positioning. With institutional traders pivoting toward Litecoin and Solana ETFs, Ethereum’s dominance in crypto ETF markets could face increased competition. The coming weeks will be crucial in determining whether ETH price can regain upward momentum or if capital rotation into alternative crypto ETFs will persist. Ethereum Price Forecast: Bulls Face Deeper Correction Risks if $2,200 Support Caves Ethereum price forecast charts suggests further downside risk as the market struggles to reclaim lost ground following a decisive breakdown. The chart shows ETH trading within the Donchian Channel’s lower band, signaling persistent selling pressure. The Relative Strength Index (RSI) sits at 29.53, confirming oversold conditions, yet the lack of a strong rebound implies that bearish momentum remains dominant. Ethereum Price Forecast A bullish scenario requires ETH to defend the $2,200 level, where minor accumulation appears. If buyers step in, a move toward the midline of the Donchian Channel at $2,466.80 becomes possible, aligning with prior resistance. A bearish continuation would see ETH lose $2,200, exposing $2,076 as the next target. Failing to hold there could accelerate selling toward $2,000. The declining RSI below its signal line suggests weak buyer commitment. Until ETH decisively reclaims resistance, the trend remains bearish despite oversold conditions. The post Ethereum Price Analysis: Traders Pull $300M from ETH ETFs as CME Group hints Solana ETF listing appeared first on CoinGape .
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The post Cardano (ADA) Price Prediction for March 1, 2025 appeared first on Coinpedia Fintech News While the crypto market sees a broad recovery, Cardano (ADA) remains stuck below a key resistance. As of today, March 1, 2025, ADA has gained 2% and is currently trading near $0.63, fluctuating within a tight range between $0.625 and $0.64. Cardano (ADA) Short-Term Price Analysis With modest upside momentum, ADA is still trading below its key level of $0.65. Over the past 24 hours, the price attempted to rally but failed to gain traction. According to expert technical analysis, ADA remains in a bearish zone, continuing to trade below the critical $0.65 level. Despite these factors, if the asset breaks out of its ongoing consolidation and closes four consecutive candles above $0.6425, there is a strong possibility it could soar by 5.50%, reaching the $0.67 level. Source: Trading View Additionally, if the asset fails to breach the upper boundary of consolidation and closes a daily candle below the $0.62 mark, ADA could see a 7% price drop to $0.58, with the potential for further decline. Bullish On-Chain Metrics Looking at the current market sentiment, it appears that bulls are returning to support the asset. Amid this, traders and investors have been engaging in bullish activity, as reported by the on-chain analytics firm Coinglass. Over-Leveraged Levels Data from Coinglass reveals that ADA traders betting on long positions are over-leveraged at $0.618, holding $5.90 million worth of long positions. Meanwhile, $0.645 is another over-leveraged level, where traders betting on short positions have built $3.67 million worth of positions. Source: Coinglass When combining these on-chain metrics, it appears that a shift in market sentiment has begun. This notable participation on the bullish side could push ADA in an upward direction. $14.65 Million Worth of ADA Outflow Meanwhile, investors and long-term holders have been accumulating tokens during the same period, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed a significant outflow of $14.65 million worth of ADA tokens. When examining these on-chain metrics alongside technical analysis, it appears that investors and traders are driving the asset toward a rally, aiming to regain the crucial $0.65 level.
While Web3 presents a compelling alternative, several barriers stand in the way of widespread adoption in healthcare...
The Ethereum Foundation announced a new advisory group to uphold core values. Legal support has been provided for developer Alexey Pertsev's defense. Continue Reading: Ethereum Foundation Launches New Advisory Group to Uphold Core Values The post Ethereum Foundation Launches New Advisory Group to Uphold Core Values appeared first on COINTURK NEWS .
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Ripple’s XRP retains its strength within the XRPL ecosystem, showcasing resilience amidst fluctuating market conditions. Despite a notable decrease in on-chain engagement, the XRP Ledger continues to demonstrate its value
Market Overview: Bitcoin, Solana & OFFICIALMAGACOIN on the Rise Bitcoin (BTC) is currently trading at $85,912, reflecting a 1.75% decrease, while Solana (SOL) sits at $139.32, down 2.08%. Meanwhile, OFFICIALMAGACOIN is making waves, already raising $3.7 million in its presale. Investors looking for 100x returns are turning their attention to this fast-rising project. THE NEXT 1000X CRYPTO – CLICK HERE TO JOIN NOW! Top 4 Altcoins to Watch for Explosive Growth OFFICIALMAGACOIN : With a presale price of $0.0002165, OFFICIALMAGACOIN has gained serious momentum, with analysts predicting a surge to $1 by 2025. The combination of strong community backing, exclusivity, and aggressive growth strategies makes it a must-watch crypto for massive gains. Optimism (OP): Currently priced at $3.18, OP is making strides in the Ethereum Layer-2 space but has yet to see its breakout moment. Arbitrum (ARB): Sitting at $1.42, Arbitrum is a leader in Ethereum scaling solutions, though its returns have been moderate compared to new, high-growth opportunities. Sei (SEI): Trading at $0.26, Sei Network offers fast transactions but hasn’t captured mainstream attention like OFFICIALMAGACOIN. Litecoin (LTC): Priced at $78.12, Litecoin remains a strong transaction network but doesn’t offer the high-growth potential seen in emerging altcoins. Comparative Snapshot Cryptocurrency Current Price Growth Potential OFFICIALMAGACOIN $0.0002165 Extremely High Optimism (OP) $3.18 Moderate Arbitrum (ARB) $1.42 Moderate Sei (SEI) $0.26 Moderate Litecoin (LTC) $78.12 Low DON’T MISS OUT—INVEST IN OFFICIALMAGACOIN TODAY! Why OFFICIALMAGACOIN Stands Out Presale Success: Raising $3.7 million showcases growing investor confidence. Massive Growth Potential: Unlike established coins, OFFICIALMAGACOIN offers a ground-floor opportunity for life-changing returns. Exclusive Bonuses: Investors can leverage the MAGA50X code for a 50% bonus on purchases. Website: officialmagacoin.io X/Twitter: https://x.com/officialMAGAx Continue Reading: BITCOIN, SOLANA, and OFFICIALMAGACOIN—The 3 Cryptos That Could Turn $200 Into $500K!
Even though XRP dropped 20% this week, traders are still expecting a big comeback as hype builds around Donald Trump’s support for Ripple. Some analysts even say this could push a massive rally, with its price skyrocketing to the $30 mark. Meanwhile, StratoVM (SVM) could gain attention in the BTCFi sphere with its new Layer-2 solution. CoinGecko reports a 1300% surge in the past week, showing strong demand even as the market remains in the red. Let’s check out the details! Ripple Price Prediction: Could Trump’s Support Send XRP to $30? Despite XRP facing major setbacks over the past weeks, traders are still watching for a big breakout. Crypto analyst Steph Is Crypto points to a double-bottom (“W”) pattern, saying that if XRP holds above the neckline, it could push toward $30+. Meanwhile, Donald Trump just doubled down on Ripple, sharing two posts on Truth Social that highlight the company’s growth under his administration. Ripple CEO Brad Garlinghouse called it the “Trump effect,” saying U.S. deals surged in late 2024 – more than in the previous six months combined. He also revealed that 75% of Ripple’s new hires are now based in the U.S., a huge shift from years of regulatory uncertainty that drove business overseas. With technicals aligning and political momentum building, XRP could be gearing up for the next big move. If buyers step in and the W breakout holds, Steph Is Crypto’s $30 target might not be far off. StratoVM (SVM) Could Grab a Major Share of BTCFi Market with New Layer-2 Solution StratoVM (SVM) is emerging as a Layer 2 blockchain built on Bitcoin that could enable smart contracts, meme coins, AI, and DeFi applications directly on the Bitcoin network. Currently trading at $0.06324, SVM has shown amazing growth with a 2553% increase from the previous week, according to CoinGecko data. This impressive surge might indicate its resilience amid market volatility, possibly powered by its idea to potentially solve Bitcoin’s scalability problems. The project is expected to launch its mainnet soon, which may represent a significant development milestone. When compared to other Bitcoin Layer 2 solutions like CoreDAO (around $990M Fully Diluted Valuation), StratoVM currently stands at a relatively modest valuation of nearly $6.3 million. A successful mainnet launch could potentially be bullish news for the project, and if implementation goes well, StratoVM might be undervalued at its current price point. According to DefiLlama , the total value locked in BTCFi protocols has dramatically increased from around $307 million in January 2024 to around $6.6 billion in February 2025. StratoVM could leverage this growth with its innovative approach. Furthermore, SVM’s listing on UniSwap might improve its credibility as a project worth watching in the weeks ahead. The StratoVM ecosystem appears to be developing with support from over 50 strategic partners, which could help drive innovation and growth. There are speculations about a possible upcoming centralized exchange (CEX) listing, which might provide additional bullish momentum. The community seems to be taking notice, with nearly 100,000 followers across StratoVM’s official X , Telegram , and Discord channels. While Bitcoin’s use could expand beyond being “digital gold,” StratoVM’s scalability and security features might position it to become a leader in the BTCFi field, possibly capturing a significant portion of this emerging market. With the mainnet launch just ahead of us and many new features being incorporated, SVM could secure a CEX listing after its official launch. The Verdict If XRP stays above its key resistance, Steph Is Crypto’s $30 price target might actually happen, especially with all the talk about Trump backing Ripple. With U.S. business picking up and regulators changing their tune, XRP is definitely worth keeping an eye on. Meanwhile, StratoVM (SVM) looks to be making serious moves in the BTCFi sphere with its Layer-2 solution. That 1300% jump last week shows that even in this choppy market, investors are still hungry for innovative blockchain projects. Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .