Solana, the layer-one blockchain platform, celebrated five years since the launch of its mainnet on March 16, 2020. To celebrate the milestone, the network shared its accomplishments, which include more than 1,300 validators, nearly $1 trillion in trading volume, and over 408 billion total Solana transactions, in a post on its official X account. https://twitter.com/solana/status/1901279678620749997?s=46&t=nznXkss3debX8JIhNzHmzw Solana ( SOL ) was founded in 2017 by Anatoly Yakovenko with the goal of addressing the primary challenge facing blockchain technology. The network aims to strike the right balance between scalability, security, and decentralization. When combined with proof-of-stake, Yakovenko’s proof-of-history system speeds up transaction processing. Solana has been able to grow while maintaining low costs as a result. You might also like: Solana aims higher, but can it conquer this key resistance? More than 254 million blocks have been generated by Solana since its mainnet went live in March 2020. Since then, the network has grown to be a major force in decentralized finance, with over $7 billion in total value locked in its protocols, according to DeFiLlama data . Meanwhile, Solana’s stablecoin market has reached $11 billion, down from its peak of over $12.6 billion in February 2025. Similarly, its market cap, which once peaked at $127.5 billion, now stands at $65 billion. Developer interest in Solana has also significantly increased. It surpassed Ethereum as the most popular blockchain for new developers in 2024. According to Electric Capital’s 2024 developer report , Solana attracted 7,625 new developers in the previous year, accounting for 19.5% of all new entrants in the market. On Mar. 17, CME Group plans to introduce Solana futures contracts, subject to regulatory clearance. These futures, which are intended to assist investors in protecting themselves from price swings, indicate that Solana is becoming a more widely accepted asset in the cryptocurrency market. Furthermore, Solana has been included in several exchange-traded funds applications , indicating its increasing mainstream acceptance and room for growth. Read more: Solana’s SIMD-228 proposal to reduce SOL inflation by 80% fails to meet approval threshold
In a recent report by Bloomberg, it has been revealed that former President Donald Trump intends to engage in discussions regarding a potential peace agreement related to Ukraine during conversations
The White House is in full crisis mode, as Treasury Secretary Scott Bessent said Sunday that the U.S. was on the brink of a financial collapse thanks to reckless government spending over the past few years. Now, the administration is scrambling to fix it. “What I could guarantee is we would have had a financial crisis. I’ve studied it, I’ve taught it, and if we had kept up at these spending levels that—everything was unsustainable,” Bessent said on NBC’s Meet the Press . “We are resetting, and we are putting things on a sustainable path.” Trump slashes government spending President Donald Trump has made cutting costs a top priority. He launched the Department of Government Efficiency, led by Elon Musk, to trim the fat across multiple federal agencies. The goal? Fewer jobs, more early retirements, and lower government spending. But despite these efforts, the numbers tell a different story. The U.S. budget deficit for February alone passed $1 trillion, worsening the debt situation. Even Bessent isn’t promising a smooth recovery. “There are no guarantees” the country won’t hit a recession, he admitted. Wall Street isn’t taking this lightly. Markets have been on edge as Trump’s aggressive tariff policies spark fears of inflation and economic slowdown. The S&P 500 tumbled into a 10% correction from its February high, sending volatility through the roof. Bessent doesn’t seem concerned. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy. They’re normal,” he said . “What’s not healthy is straight up, that you get these euphoric markets. That’s how you get a financial crisis. It would have been much healthier if someone had put the brakes on in ’06, ’07. We wouldn’t have had the problems in ’08.” Bessent backs Trump’s economic agenda Scott Bessent didn’t just step into the Treasury to keep things quiet. He’s become one of the loudest voices pushing Trump’s MAGA 2.0 economic policies. His stance? Short-term market pain is worth it for long-term economic control. Bessent, a former hedge fund manager, isn’t following Wall Street’s playbook. He’s embracing Trump’s protectionist trade policies and calling for the U.S. to “detox” from government spending. He raised eyebrows recently when he said, “Access to cheap goods is not the essence of the American Dream.” He also dismissed fears over tariffs, saying he was “less concerned” about short-term impacts. “He definitely has not played the role to date that the markets had expected,” said Sarah Bianchi, senior managing director at Evercore ISI. The concern is that there’s no one left in the administration willing to push back on Trump’s aggressive economic moves. Under Trump’s first term, officials like former Treasury Secretary Steven Mnuchin and other economic advisors acted as guardrails, preventing extreme policies from wreaking havoc. Those restraints are now gone. “Whatever the guard rails that were in place the first administration no longer exist,” said a former Trump official. Bessent’s close ties to George Soros and lack of Republican political experience had many on Wall Street expecting him to take a more traditional, free-market approach. Instead, he’s aligned himself fully with Trump’s America-first strategy, especially when it comes to trade. “Scott is very well aware that there’s some serious economic costs to raising tariffs dramatically,” said Jens Nordvig, founder of Exante Data. But that doesn’t mean he’s resisting them. Unlike Mnuchin, who fought against Trump’s more radical protectionist ideas, Bessent appears to be going along with it. Market fears grow as recession risks loom Trump’s second-term economic agenda is making waves, especially in global trade. Early decisions have hit China, Canada, and Mexico, causing a ripple effect in the markets. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer are leading the charge on new trade battles, leaving Bessent navigating some tricky internal politics. The Treasury Secretary and Lutnick aren’t exactly best friends. They both wanted the Treasury job, and tensions between them are well known. “He’s got to be careful so that he’s not a negative Nancy,” said a person familiar with the situation, comparing their relationship to a “Brazilian knife fight with the lights out.” Despite concerns, the White House insists Bessent is fully behind Trump’s vision. A Treasury spokesperson put out a statement saying he’s “working tirelessly to enact this mandate on behalf of the President, and ensure that Main Street and Wall Street both reap the benefits of President Trump’s winning economic agenda.” But Bessent himself knows the transition won’t be painless. He recently acknowledged that moving away from public spending to private spending will take time. “There’s going to be a natural adjustment,” he said. “The bottom 50 percent of working Americans have gotten killed. We are trying to address that,” he told CNBC. When asked if the economy inherited by Trump is starting to weaken, he didn’t deny it. “Could we be seeing that this economy that we inherited is starting to roll a bit? Sure.” Wall Street is still waiting for reassurances, but Bessent’s message has stayed the same: long-term economic strength requires short-term pain. “It’s very clear to people now that this is not someone who is simply channeling the voice of markets. This is someone who has a very different view of the world,” said Josh Lipsky, senior director of the Atlantic Council’s GeoEconomics Center. The shift in Trump’s economic strategy has some economists worried about stagflation or an outright recession. CEOs polled by the Business Roundtable have already scaled back plans for hiring and investment. Goldman Sachs CEO David Solomon recently said policy uncertainty is slowing dealmaking and keeping investors hesitant. Bessent, on the other hand, sees some silver linings. He pointed to a recent drop in long-term borrowing costs and lower gas prices as proof that the administration’s strategy is working. But at the same time, he admitted the U.S. is undergoing a fundamental shift, and that’s going to hurt before it helps. “There is no doubt that Trump has had a big impact on his thinking on the economy,” said Stephen Moore, a former Trump advisor. Moore noted that Bessent has managed to avoid stepping on Trump’s toes in media appearances, a skill that many of Trump’s former economic officials failed to master. On policy, Moore said Bessent has “become more Trumpian in how he thinks about how these policies impact blue-collar, middle-class America.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
A document titled “Comprehensive Proposal: XRP as a Strategic Financial Asset for the U.S.” has been circulating widely on social media, drawing attention from the XRP community . The document, which appears on the SEC’s website, presents an economic analysis of XRP’s potential to unlock trillions in liquidity, lower transaction costs, and contribute to the establishment of a national Bitcoin reserve. The proposal outlines key financial insights, estimating that the U.S. share of global Nostro accounts amounts to $5 trillion, with XRP potentially unlocking $1.5 trillion in capital. It also suggests that using XRP could result in $7.5 billion in annual savings on transaction fees. Additionally, it mentions a potential Bitcoin reserve, calculating that at a rate of $60,000 per BTC, the U.S. could purchase 25 million BTC. Clarification from XRPL Validator Vet Following the document’s circulation, XRPL validator Vet clarified that this proposal is not an official SEC document but a submission from an independent party. Vet stated , “Anyone can submit proposals and comments to the SEC and within a short review time it’s posted on the website. This is not a document authored by the SEC itself regarding an XRP Strategic Reserve.” Anyone can submit proposals and comments to the SEC and within a short review time it's posted on the website. This is not a document authored by the SEC itself regarding a XRP Strategic Reserve. pic.twitter.com/TdmEg82rz3 — Vet (@Vet_X0) March 13, 2025 This clarification comes amid speculation that the SEC considered XRP part of a national financial strategy. While the proposal suggests regulatory actions that align with the interests of many XRP proponents, its presence on the SEC’s website does not indicate official support. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Regulatory Recommendations in the Proposal The document also outlines a legal pathway for XRP adoption in the U.S. financial system. It proposes that the SEC classify XRP as a payment network rather than a security, calls for the DOJ to remove restrictions on XRP-based bank transactions, and recommends that the Federal Reserve and OCC integrate XRP into liquidity solutions. Despite these recommendations, no regulatory agency has confirmed any intention to adopt these measures. The document remains an independent proposal rather than a statement of policy. Reactions from the XRP Community The proposal was widely shared by prominent XRP figures, leading to a discussion about responsible information-sharing. A user named Badwie commented , “And yet most of the big XRP guys on X reposted this without researching it first… please guys, don’t share just to be the first… removes belief in you!” This response highlights concerns that rushing to share information without verification can mislead the community. Verifying Information in Crypto Discussions The document’s rapid spread and subsequent clarification emphasize the need to evaluate regulatory developments carefully. While XRP supporters remain focused on achieving legal clarity and broader adoption, distinguishing between official positions and independent proposals is essential for maintaining credibility in the discussion. Although the proposal presents an optimistic view of XRP’s role in the financial system, its presence on the SEC’s website should not be interpreted as an endorsement. The incident serves as a reminder of the importance of verifying sources before concluding. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post SEC Did Not Author This XRP Strategic Reserve Document, XRPL Validator Clarifies appeared first on Times Tabloid .
COINOTAG reports on March 17th that Fish Zhang, co-founder and CEO of Cobo, has shed light on the strategic actions taken by MicroStrategy (MSTR) to manipulate Bitcoin’s inherent volatility. By
The post XRP Price Prediction For March 17 appeared first on Coinpedia Fintech News XRP is showing a bearish divergence on the 3-day chart, meaning a strong or lasting bullish momentum is not expected in the near future. While there could be short-term bounces from certain support levels, significant price increases are unlikely for now. Support Levels to Watch Currently, XRP is testing an important support zone between $2.25 and $2.30. As of now, the price is holding steady within this range. If it successfully bounces from here, it could set up a short-term bullish trend. A confirmed bounce could push XRP up toward the next resistance levels between $2.65 and $2.80. However, resistance at $2.50 might slow down the momentum. What If XRP Breaks Support? On the other hand, if XRP fails to hold support and the price falls below $2.25, it would indicate a potential retracement toward the next critical support area, around $1.95 to $2.05. This price action would align with the larger sideways trend XRP has been in for the past several weeks. Looking Ahead: What Could Happen? Looking at the broader picture, XRP is still holding within a sideways range between $1.20 and $2.80. This range suggests the price may experience more choppy and unpredictable movements. While some analysts are hopeful for a breakout, XRP has not shown any clear signs of a strong bullish impulse, particularly as it continues to struggle below major resistance levels. In terms of long-term price targets, if the market starts to show positive momentum, the $5 to $5.65 range could be possible, but this depends heavily on the market maintaining the critical $2 support level. A decisive break below this support could signal a bearish scenario, pushing XRP lower into the support range and possibly leading to a more significant correction.
XRP faced an 8% drop due to regulatory uncertainties and market dynamics. SEC discussions could significantly impact XRP's classification and ETF prospects. Continue Reading: Ripple’s Price Decline Sparks Regulatory and Market Speculation The post Ripple’s Price Decline Sparks Regulatory and Market Speculation appeared first on COINTURK NEWS .
The Bank of Korea has decisively ruled out the inclusion of bitcoin in its foreign exchange reserves, citing volatility as a primary concern. This stance aligns with viewpoints expressed by
South Korea’s central bank remains cautious about including Bitcoin in its foreign exchange reserves, despite rising calls from various stakeholders. The Bank of Korea’s reluctance highlights concerns over Bitcoin’s volatility
The Bank of Korea says it is taking a “cautious approach” to potentially including Bitcoin as a foreign exchange reserve. Officials from the Korean central bank said in a March 16 response to a written inquiry that they have not looked into a potential Bitcoin ( BTC ) reserve, citing high volatility. Responding to a question from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, central bankers said that they have “neither discussed nor reviewed the possible inclusion of Bitcoin in foreign exchange reserves, adding that “a cautious approach is needed,” according to the Korea Herald. “Bitcoin’s price volatility is very high,” the central bank noted, before adding that “in the case of cryptocurrency market instability, transaction costs to cash out Bitcoins could rise drastically.” Over the past 30 days, Bitcoin prices have swung wildly between $98,000 and $76,000 before settling at current levels of around $83,000 in a 15% decline since Feb. 16, according to CoinGecko. The decision comes amid increasing global discussions on the role of crypto assets in national financial strategies, sparked by US President Donald Trump’s executive order earlier this month establishing a strategic Bitcoin reserve and digital asset stockpile. At a seminar on March 6, crypto industry lobbyists, and some members of Korea’s Democratic Party urged the country to integrate Bitcoin into its national reserves and develop a won-backed stablecoin. However, the Bank of Korea emphasized that its foreign exchange reserves must have liquidity and be immediately usable when needed, as well as a credit rating of investment grade or higher, criteria that Bitcoin does not meet, in its opinion. Professor Yang Jun-seok of Catholic University of Korea concurred, stating “it is appropriate for foreign exchange to be held in proportion to the currencies of countries with which we trade,” Professor Kang Tae-soo from the KAIST Graduate School of Finance commented on the US being likely to leverage stablecoins rather than BTC to maintain dollar hegemony before adding, “Whether the IMF will recognize stablecoins as foreign exchange reserves in the future is important.” Related: Democrat lawmaker urges Treasury to cease Trump’s Bitcoin reserve plans Earlier this month, South Korea’s financial regulator examined the Japanese Financial Services Agency’s legislative trend toward crypto assets as it mulls lifting a ban on crypto exchange-traded funds in the country. Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest