CRYPTONEWS WEEKLY ??- March 14, 2025
Your trusted source for all things crypto.
?? TOP NEWS OF THE WEEK
?? Price Action
Bitcoin dropped 4% on Monday, touching a low of $80,123, while Ether fell over 5%.
Other major cryptocurrencies followed suit, with XRP and Solana losing more than 5%. Dogecoin tumbled over 8%.
President Donald Trump hosted the first-ever White House Crypto Summit on Friday, a landmark event bringing together top industry leaders, regulators, and government officials together.
Michael Saylor’s firm, Strategy, will offer $21 billion in preferred stock as a means of building up its Bitcoin stockpile, a March 10 press release from the Virginia-based software company states.
The US regulator, on Tuesday, delayed the approval decisions on several altcoin spot exchange-traded funds (ETFs) filings.
This includes XRP ETFs filed by Canary Capital, Bitwise, and 21Shares, along with Litecoin, Solana and Dogecoin ETFs.
The US House of Representatives moved forward on Tuesday with a key vote to repeal the IRS DeFi broker rule.
The rule sought to impose strict data collection requirements on decentralized finance (DeFi) platforms. Lawmakers argued that it unnecessarily burdens the crypto industry, prompting widespread opposition.
Representatives of former U.S. President Donald Trump’s family reportedly engaged in discussions last year about purchasing a stake in Binance.US, according to a March 13 report from the Wall Street Journal.
Bybit CEO Ben Zhou has raised concerns about decentralized exchanges (DEXs) and their risk management mechanisms following a massive Ethereum (ETH) liquidation on Hyperliquid.
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The event saw a whale strategically liquidate a 175,000 ETH position with 50x leverage, resulting in a $4 million loss for Hyperliquid’s liquidation engine, HLP Vault. Ultimately, the whale secured a net profit of $1.8 million.
Binance, the world’s largest cryptocurrency exchange, said it has received a $2 billion investment from MGX, an Abu Dhabi-based AI and advanced technology investor.
?? THE CRYPTONEWS PODCAST
→ Frederik Gregaard, CEO of the Cardano Foundation
Frederik Gregaard is CEO of the Cardano Foundation, the Swiss-based non-profit organization which exists to ensure the advancement of the Cardano protocol, while also contributing to the positive advancement of blockchain as a world-changing technology. A leader in fintech and blockchain, Gregaard previously served as Director and Head of Digital in PwC's Financial Services Advisory practice and as Director and Head of Institutional Business at Saxo Bank Switzerland.
→ Aryan Sheikhalian, Head of Research at CMT Digital
Aryan Sheikhalian is the Head of Research and helps with deal sourcing and due diligence at CMT Digital. Aryan joined CMT Digital in the summer of 2021 during Fund II to focus on blockchain research and venture. Aryan started his career at Accenture prior to starting college as part of the "Horizons scholar" program. He then worked and published research throughout his time at college with the Blockchain Research Institute under the leadership of Don Tapscott. He graduated from Columbia University in the City of New York with a B.A in Economics and Mathematics, where he also co-founded the Blockchain Club in the Fall of 2017.
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