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Crypto Market Recap: White House Summit to Address Crypto Future, SEC Reviews New ETF Filings

Here's a quick recap of the crypto landscape for Wednesday (March 5) as of 9:00 a.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$84,278.24, reflecting an increase of 1 percent over the past 24 hours. The day's trading range has seen a high of US$84,851.28 and a low of US$81,015.49. Ryan Lee, chief analyst at Bitget Research, told Cointelegraph that Bitcoin could fall further, “nearing US$75,000 as a key support level based on historical patterns and trader sentiment.”Ethereum (ETH) is priced at US$2,213.28, a loss of 1.5 percent over the same period. The cryptocurrency reached an intraday high of US$2,238.75 and a low of US$2,138.62. According to crypto intelligence platform Lookonchain, hackers who made off with US$1.4 billion worth of crypto from decentralized exchange Bybit had laundered over US$605 million worth of Ether as of Thursday (February 27) evening. Altcoin price update Solana (SOL) is currently valued at US$145.68, up 7.3 percent over the past 24 hours. SOL experienced a high of US$147.16 and opened at a low of US$138.21. After its relative strength the altcoin fell to its lowest level since June 2023, the cryptocurrency bounced following an announcement that the Chicago Mercantile Exchange plans to launch Solana futures on March 17. XRP is trading at US$2.14, reflecting a 0.8 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.16 and a low of US$2.70.Sui (SUI) is priced at US$2.82, showing a 1.6 percent increase over the past 24 hours. It achieved a daily high of US$2.83 and a low of US$2.52.Cardano (ADA) is trading at US$0.6306. The last 24 hours have shown no net change. Its highest price on Friday was US$0.6368, with a low of US$0.6123. Crypto news to know House Democrats to launch meme coin actHouse Democrats are preparing to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, which prohibits public officials from profiting from, endorsing, issuing or promoting any digital assets. California Representative Sam Liccardo shared his party's intent to address concerns surrounding meme coins and potential conflicts of interest with ABC News on Thursday.“Let’s make corruption criminal again,” said Liccardo, a former federal and local criminal prosecutor. “The Trumps’ issuance of meme coins financially exploits the public for personal gain, and raises the specter of insider trading and foreign influence over the Executive Branch," he added. The MEME Act seeks to establish clear guidelines for public officials regarding digital assets. In other regulatory developments, the US Securities and Exchange Commission (SEC) determined on Thursday that meme coins are not securities. Therefore, traders are not required to register their transactions with the commission. However, Commissioner Caroline Crenshaw warned that the commission’s vague definition of meme coins could be exploited to potentially circumvent securities regulations.SEC postpones ruling on Ether ETF optionsThe SEC has opted to delay its ruling on whether or not to allow Ether exchange-traded fund (ETF) options to be listed on the Cboe. According to a Friday filing, the SEC has extended the deadline to make a final decision until May 2. The Cboe is seeking to list options on the Fidelity Ethereum Fund (CBOE:FETH), initially filing its request in August 2024. This is the second time the SEC has delayed its decision, having extended its deadline for the first time in October. On February 7, the agency also delayed its decision to allow options tied to BlackRock’s iShares Ethereum ETF (NASDSAQ:ETHA) to be listed on the Nasdaq ISE, giving itself until April 9. BlackRock includes iShares Bitcoin Trust in model offeringsBlackRock, a leading global investment firm, has incorporated its Bitcoin ETF, the iShares Bitcoin Trust (NASDAQ:IBIT), into its model portfolio offerings. “We believe Bitcoin has long-term investment merit and can potentially provide unique and additive sources of diversification to portfolios,” Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, wrote on Thursday in a note obtained by Bloomberg.The decision signals growing acceptance among financial advisors to consider Bitcoin as a component of diversified investment strategies. However, BlackRock will limit Bitcoin's representation within these portfolios to a range of 1 to 2 percent, perhaps acknowledging Bitcoin’s characteristic price volatility, which was on full display this week. Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Crypto Market Recap: White House Summit to Address Crypto Future, SEC Reviews New ETF Filings 2025/02/28 16:05

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Corn Sneaking Out Thursday AM Gains

The corn market is showing fractional to 2 cent gains so far on Thursday morning. Futures posted mixed trade to close out the Wednesday session, as front months were up 1 to 3 ¼ cents and new crop December was down 2 ¾ cents. Preliminary open interest was down 10,267...

Corn Sneaking Out Thursday AM Gains 2025/03/20 14:22

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‘Successful’ ETH ETF less perfect without staking — BlackRock

BlackRock’s head of digital assets spoke about the asset manager’s view on the Ethereum network and financial products tied to its native token.

BlackRock’s head of digital assets, Robbie Mitchnick, described the firm’s Ether (ETH) exchange-traded fund (ETF) as a “tremendous success” but acknowledged a key limitation. Speaking on March 20 at the Digital Asset Summit, he noted that the ETF is “less perfect” without staking, highlighting a crucial feature absent from the current offering.

“A staking yield is a meaningful part of how you can generate investment return in this space,” Mitchnick said. “And all the [Ether] ETFs, of course, at launch did not have staking. So, if that is able to get resolved...”

However, adding staking to Ether ETFs is no simple task, according to Mitchnick. “It’s not as simple as a new administration just green-lighting something, and then boom, we’re all good, off to the races,” he said. “There’s a lot of fairly complex challenges that have to be figured out, but if that can get figured out, then I think it’s gonna be sort of a step change upward in terms of what we see the activity around those products is.”

Read more


‘Successful’ ETH ETF less perfect without staking — BlackRock 2025/03/20 14:30

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Stocks Climb as Strong US Economic News Eases Growth Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. March E-mini S&P futures (ESH25 ) are up +0.35%, and March E-mini Nasdaq futures...

Stocks Climb as Strong US Economic News Eases Growth Concerns 2025/03/20 13:53

Dollar Gains on Solid US Economic News

The dollar index (DXY00 ) today is up by +0.52%. The dollar is climbing today on concerns that US trade policies will keep inflation elevated and dissuade the Fed from lowering interest rates. The dollar added to its gains on signs of strength in the US economy after weekly jobless...

Dollar Gains on Solid US Economic News 2025/03/20 13:53

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Stocks Climb as Strong US Economic News Eases Growth Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. March E-mini S&P futures (ESH25 ) are up +0.35%, and March E-mini Nasdaq futures...

Stocks Climb as Strong US Economic News Eases Growth Concerns 2025/03/20 14:09

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Stocks Climb as Strong US Economic News Eases Growth Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. March E-mini S&P futures (ESH25 ) are up +0.35%, and March E-mini Nasdaq futures...

Stocks Climb as Strong US Economic News Eases Growth Concerns 2025/03/20 14:02

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Is NSANY Stock Worth Buying After Battery Supply Deal With SK On?

Nissan's collaboration with SK On boosts its EV plans, but financial woes, leadership turmoil, and weak margins pose challenges.

Is NSANY Stock Worth Buying After Battery Supply Deal With SK On? 2025/03/20 10:35

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Stocks Recover Early Losses as Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.27%. March E-mini S&P futures (ESH25 ) are down -0.14%, and March E-mini Nasdaq futures...

Stocks Recover Early Losses as Bond Yields Fall 2025/03/20 14:12

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Noteworthy ETF Inflows: SPLG, NFLX, PM, ABT

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio S&P 500 ETF (Symbol: SPLG) where we have detected an approximate $920.5 million dollar inflow -- that's a 1.6% increase week over

Noteworthy ETF Inflows: SPLG, NFLX, PM, ABT 2025/03/20 11:37

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Musk: China Takeover of Taiwan Will Cripple Global AI Chip Supply

To receive tech updates in your inbox, sign up to the newsletter ARPU.A Chinese takeover of Taiwan would cut off the world's supply of advanced artificial intelligence chips, creating a catastrophic disruption to the global technology industry and potentially handing China a deci

Musk: China Takeover of Taiwan Will Cripple Global AI Chip Supply 2025/03/19 00:35

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Crypto Market Recap: Trump Announces Strategic Crypto Reserve

Here's a quick recap of the crypto landscape for Monday (March 3) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$86,053.53, reflecting an 8.6 percent decline over the past 24 hours. The day's trading range has seen a high of US$93,104.53 and a low of US$85,267.53. Ethereum (ETH) is priced at US$2,133.88, a loss of 15 percent over the same period. The cryptocurrency reached an intraday high of US$2,358.91 and a low of US$2,104.19. Altcoin price update Solana (SOL) is currently valued at US$144.76, down 17.5 percent over the past 24 hours. SOL experienced a high of US$163.72 and a low of US$141.96. XRP is trading at US$2.41, reflecting a 16 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.68 and a low of US$2.37.Sui (SUI) is priced at US$2.67, showing a 16.9 percent increase over the past 24 hours. It achieved a daily high of US$2.96 and a low of US$2.63.Cardano (ADA) is trading at US$0.8748. The last 24 hours have shown a decrease of 15.5 percent. Its highest price on Friday was US$0.9905, with a low of US$0.8357. Crypto news to know Trump announces strategic crypto reserve The crypto market rallied leading up to the markets’ opening on Monday after US President Donald Trump’s post about an impending strategic crypto reserve on Sunday morning. After initially listing only XRP, SOL and ADA among the cryptocurrencies the reserve would hold, Trump clarified that Bitcoin and Ethereum would “be the heart of the Reserve,” sparking a rally that saw Bitcoin briefly retake US$94,000 after its fall below US$80,000 last week. However, the market gains quickly reversed at the opening bell as investors weighed the potential economic benefits of a reserve against ongoing global economic uncertainty.Timothy Enneking, CEO of Presearch, told the Investing News Network (INN) in an email, “Many announcements regarding crypto result in a short-term pop, followed by an immediate mean reversion. The pattern exists because while such announcements are certainly newsworthy and create a bit of euphoria, they really don’t fundamentally change the crypto landscape in any fashion.“Trump’s announcement of additional specifics of the US Crypto Reserve, as well as the White House Crypto Summit on March 7, are quite different."He sees this as a very positive sign for the future of the crypto market and reasons that a potential US government purchase of major cryptocurrencies could cause prices to skyrocket. On the other hand, Michael Terpin, CEO of Transform Ventures and author of Bitcoin Supercycle, noted that the inclusion of altcoins in a Federal reserve was “ill-received by the Bitcoin community”. He suggested to INN that only Bitcoin should be included and that adding other cryptos is comparable to including mining stocks in gold reserves: “Keep it simple and safe; keep the strategic reserve in Bitcoin. It’s also the only digital asset that has reached significant new all-time highs in every cycle.”Trump first mentioned the possibility of such a reserve at a Bitcoin conference in Nashville in July 2024. At that time, he told the crowd he would make the US a “Bitcoin superpower”, vowing to create a Bitcoin strategic reserve days before Senator Cynthia Lummis (R-WY) introduced legislation to create a federal Bitcoin reserve. Meanwhile, a crypto whale made a US$5.9 million USDC deposit to the Hyperliquid exchange on March 1, strategically employing up to 50x leverage to establish sizable positions in Bitcoin and Ethereum. The precise timing of this move, yielding profits exceeding US$6.8 million, in conjunction with Trump's announcement, raises concerns about possible insider knowledge — marking the third allegation involving government officials in recent times and the second involving Trump. Argentina's president, Javier Milei, is also facing controversy for his promotion of LIBRA, a memecoin that was launched with the help of American crypto developer Hayden Davis. Davis was also involved in the launch of Melania Trump’s memecoin. Crypto analyst Carl Moon described the situation as “the biggest INSIDER TRADE I’ve ever seen.” It is unclear whether the trader was aware of Trump’s planned statements in advance. SEC drops case against KrakenThe US Securities and Exchange Commission (SEC) continues to ease legal tension with the crypto industry, agreeing to drop its lawsuit against Kraken. The crypto exchange issued a press release on Monday (March 3) informing market participants that the case had been dismissed “with prejudice, with no admission of wrongdoing, no penalties paid, and no changes to our business.”This action further signals the shift in the relationship between the crypto industry and the SEC, which became strained under former Chairman Gary Gensler. The Commission has already dropped nine cases against various crypto entities in 2025. Kraken’s legal disputes began in November 2023 when the SEC accused the company of operating as an unregistered securities exchange. Lawmakers to form bipartisan caucusUS Representative Ritchie Torres (D-NY) took to X, formerly Twitter, to announce the formation of a Congressional Crypto Caucus with GOP Majority Whip Tom Emmer (R-MN), who also serves as vice chairman of the Digital Assets Subcommittee.“We hope to build a unified, bipartisan coalition to cement America’s leadership in the future of digital assets and blockchain innovation,” Torres wrote, echoing the sentiment expressed by Emmer in a press release issued by FOX Business reporter Eleanor Terrett.“This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilize to support key digital asset initiatives in Congress,” Emmer said. “We will continue to work to ensure the United States remains the best place in the world to build and innovate in the next iteration of the internet.” Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Crypto Market Recap: Trump Announces Strategic Crypto Reserve 2025/03/03 16:05

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Stocks to Watch: DuPont, Nike, KB Home are stocks to watch

Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike, and KB Home.

Stocks to Watch: DuPont, Nike, KB Home are stocks to watch 2014/06/27 06:48

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