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Author: dhirendradas007@gmail.com

  • FTX/Alameda Solana Unstaking Too Small to Impact SOL Price

    • FTX unlocked $21.5 million worth of Solana on 11 April 2025.
    • The bankrupt exchange which is in the process of repaying customers, will likely sell the crypto.
    • Solana remains untouched by the selling, on the contrary, it was up 7% at press time.
    • FTX’s total holdings on the Solana blockchain stand at $398 million as per Arkham Intelligence.

    The FTX Bankruptcy Estate (which includes Alameda Research) has unstaked $21.5 million worth of Solana. The amount has been unlocked possibly for selling. The bankrupt exchange (FTX) and its sister concern (Alameda), have almost come out of their bankruptcy and have paid most of their retail customers (claims below $50k).

    The exchange is now in the process of paying its large customers ($50k+ claims), post which it will have to pay various agencies like the Department of Justice, the SEC, and the IRS.

    FTX Unstaking Solana, Source: Cointelegraph on X.com
    FTX Unstaking Solana, Source: Cointelegraph on X.com

    The unstaking of 186,326.18 SOL is not enough to put the markets in a tight spot but is enough to initiate an avalanche effect (snowstorm) on Solana’s price.

    Solana’s Recent Price History

    Solana has seen a steep slide from $294 on Jan 19, 2025, to $96 on April 9, 2025. This steep slide was caused by the lack of liquidity in the crypto markets and hawkish guidance by the US Fed after its Jan 28-29 meeting.

    Solana Price History Last 6 Months With Supports and Resitances
    Solana Price History Last 6 Months With Supports and Resitances

    Further, the end of the Memecoin Supercycle also impacted Solana’s on-chain fee revenue, leading to a further loss.

    At press time, Solana was trading at $120, 7% above its bull market support level of $114. Below this support level, Solana could crash down to $100. The longer Solana holds to this support level, it gets more “courage” to make a recovery rally above $125.

    After the $125 resistance, Solana could easily cross $140 and $170. We expect these to happen by the next FOMC meeting on May 6-7.

    Why FTX’s Sale is Unlikely to Impact Solana?

    Insignificant Amount

    The possible sale of 186k SOL by the FTX estate is unlikely to impact Solana’s price due to the sheer demand for it in the current market. At press time, Solana’s last 24-hour volume was at $4.3 billion, way higher than the sale value of FTX.

    Expected Pre-Launch Demand from Solana ETFs

    Further, the impending approval of Solana ETFs is also likely to absorb the impact of any upcoming sell-off. We have witnessed ETF issuers buying up a certain amount of crypto before listing their ETFs.

    For example, when the IBIT Bitcoin ETF was about to be launched in Jan 2024, BlackRock, the ETF issuer bought nearly $2 billion worth of Bitcoins from the open market.

    In the case of Solana ETFs, which are possibly due for approval in May 2025, might create a similar demand for SOL.

    No Avalanche Effect

    Many of us were previously concerned with the possibility that FTX unlocks will possibly trigger a massive sell-off in crypto markets, especially in SOL. However, now that the markets are at least 20% up from previous levels, they are unlikely to trigger any such condition.

    Insignificant SOL Holdings

    Even if FTX decides to withdraw all of its crypto on the Solana blockchain, convert them back to SOL, and sell them off, it would still be able to sell only $400 million worth of SOL at current valuations.

    FTX Holdings by Chain, Source: Arkham
    FTX Holdings by Chain, Source: Arkham

  • List of All Dogecoin ETFs Globally

    Dogecoin has been a top cryptocurrency despite the end of the memecoin supercycle in Q1 of 2025. Being a top crypto with millions of holders across the globe lends it decent credibility as an asset. Further, the deregulation of memecoins by the US SEC adds to its popularity.

    All of these factors are enough to let Dogecoin have its own ETF in the financial markets alongside XRP, Solana, Ethereum, Litecoin, and Bitcoin.

    Also, take a look: List of Businesses Accepting Dogecoin.

    Note: Despite Dogecoin enjoying the status of a “deregulated crypto”, its ETF would still be a security because the ETF Trust Shares are securities irrespective of the assets they hold.

    US Dogecoin ETFs

    The United States has several top ETF issuers lined up with their Dogecoin ETF applications at the US SEC.

    Last year, a Dogecoin ETF would have been a nightmare but this year, they might become a reality soon. The US SEC has seen the approval of the new SEC Chairman Paul Atkins from the US Senate. From Trump’s swearing-in to April 10, 2025, the SEC relied on Acting Chairman Mark Uyeda.

    Now that a full-time Chairman has assumed the position, the markets could witness the approval of XRP, Solana, Litecoin, and possibly Dogecoin ETFs too. At present, Dogecoin ETFs have been delayed till May 2025.

    Do you know? The US Federal Reserve has a FOMC meeting scheduled on May 6-7, 2025 where it is expected to cut interest rates by 0.25% to 0.5%.

    Must Read: Will Trump Announce a Zero Crypto Tax Policy in 2025?

    21Shares Dogecoin ETF

    21Shares has applied for a Dogecoin ETF application on April 10, 2025. The S-1 application by 21Shares would join a list of two other “colleagues/competitors” for approval.

    Grayscale Dogecoin ETF

    Grayscale was another major ETF issuer to apply for a Dogecoin ETF in February 2025. Previously Grayscale launched the Dogecoin Trust on 31 Jan 2025.

    The SEC accepted its application on Feb 14, 2025.

    Bitwise Dogecoin ETF

    Bitwise was one of the pioneers of a Dogecoin ETF, having applied for a trust on January 23, 2025, and an SEC application on March 12, 2025.

    Frequently Asked Questions

    Why is the Dogecoin ETF so important?

    Dogecoin ETFs are expected to provide liquidity to DOGE in the crypto markets and provide its holders a safe way to buy and hold DOGE without having to worry about the complexity of crypto custody.

    How many Dogecoin ETFs are there?

    As of April 10, 2025, there are 3 Dogecoin applications with the US SEC. The SEC has acknowledged 2 of them while the 21Shares ETF is at the S-1 application stage.

    When will Dogecoin ETFs be approved?

    The US SEC has delayed Dogecoin ETF approval to May 2025, most probably because of the change in the SEC’s Chair.

  • Smart Whales Buying Ethereum While 71% Retailers Think It as Loser

    A survey conducted by crypto chart expert Ali Martinez shows that the crypto markets overwhelmingly think that Ethereum is the biggest loser in the 2025 crypto market corrections.

    The reason for the overwhelming response seems to be Ethereum’s fall from $4000 on Dec 6, 2025, to $1400 today i.e., April 9, 2025.

    However, despite the fall, Ethereum continues to lead the markets in all fundamental factors, be it on-chain TVL, stablecoins, fee revenue, or dApp statistics. Ethereum beats all chains multiple times over. This is true even for Bitcoin, which only managed to generate 33% of revenue as compared to Ethereum.

    This could be the reason why crypto whales have been accumulating Ethereum at aggressive levels. Crypto reporting platform on X.com, CryptoGoos presented data for whale accumulation (via Cryptoquant).

    Summarizing Ethereum’s Strong Fundamentals

    Despite its price performance in the last three to four months, Ethereum is still the strongest blockchain in all of crypto markets based on our research.

    Central Role in Crypto Markets

    Ethereum has been the innovator and guiding beacon in the defined markets. Clearly, it has become a leader as DeFi applications and use cases grew.

    At present, Ethereum directly has a $50 billion TVL and $120 billion of on-chain stablecoins, far greater than any other blockchain. It indirectly supports at least 75% of the DeFi markets by acting as a reference standard for chains like BNB, Tron and Berachain.

    Highest On-Chain Revenue

    Last year Ethereum managed to generate an on-chain fee revenue of $2.5 billion while others remained far below it the second highest revenue was generated by the Tron Blockchain at $2.1 billion and it even beat Bitcoin by a factor of 300%, as Bitcoin generated a revenue of nearly $750 million.

    Other revenue sources like ENS domains also contribute to Ethereum’s fross revenue.

    Supports Entire Layer-2 and Layer-3 Network

    Ethereum places central role in the DeFi markets supporting over 60 blockchains, more than 140 Layer-2 and Layer-3 solutions and several other applications. Almost all of the DeFi markets either depend on Ethereum directly or are compatible with the EVM virtual machine.

    Analyzing ETH’s Fall. Will it Recover?

    Ethereum’s 63% fall over the last one quarter clearly has spooked the market. At present Ethereum is already in a oversold territory and could gain clearly from this stage. At Blockchain Lab, we believe that Ethereum has already formed its bottom at $1400, based on its recent price behavior.

    Ethereum Price Behavior in Last 12 Months
    Ethereum Price Behavior in Last 12 Months, Source: CMC

    Coming on to Ethereum ETFs, the underperformance is due to a regulatory reason and is completely solvavle.

    Ethereum ETFs are only disliked in the ETF markets because of their inability to provide staking benefits, a critical source of income for Ethereum holders in the spot markets. If these Etherium ETFs under Donald Trumps Administration are allowed to re file and provides taking benefits we might see a sudden demand for them in the ETF markets.

    Our analysis suggests that it might recover very soon in the crypto markets and this recovery will be aided by a complete change in crypto market regulations around the world. In the long term we expect ETH to establish itself as the largest cryptocurrency possibly beating Bitcoin by the turn of this decade.

  • Ethereum ETFs Trading at 25% Undervaluation

    The sole difference between holding Ethereum tokens and ETFs is that the latter does not give you staking benefits because anyone who buys Ethereum directly from crypto exchanges gets around 4% of staking rewards each year on top of token appreciation.

    As a result, Ethereum ETFs are seeing deep undervalued prices and currently, the US Ethereum ETFs are trading at a 25% undervaluation.

    Otherwise, Ethereum would have been the top altcoin ETF bringing in much-needed flows into its markets.

    Ethereum ETFs Are Extremely Undervalued

    Ethereum ETF Flows Since 17 March 2025
    Ethereum ETF Flows Since 17 March 2025

    In the last 14 days, Ethereum ETFs have seen a wild amount of inflows shrinking to $6.68 billion in market cap while their AUM is at $8.81 billion. This 25% undervaluation is a bit worrying because, in the broader markets, (both stock and crypto) high undervaluations signal an extremely bearish phase.

    Ethereum ETFs Need to Provide Staking Benefits or Risk it All

    Ethereum relies on a proof-of-stake consensus algorithm to secure its network. This means that the more people stake in Ethereum, the more secure it becomes. In return, the Ethereum blockchain offers rewards and newly minted tokens.

    In other words, staking simply gets you extra money and ETFs do not offer staking at this point. As a result, people do not wish to buy Ethereum ETFs.

    If the staking benefits are passed on to ETF buyers, then Ethereum ETFs could attract more buyers for the same reason why Bitcoin ETFs. To achieve that, the ETF issuers must file an amended ETF resubmission with the SEC.

    Ethereum Still Has Strongest Fundamentals

    Highest Liquidity

    With respect to the value of stablecoins on its chain, Ethereum has around $120 billion worth of stablecoins, beating the next largest one by a $50 billion margin.

    Stablecoins bring liquidity to the markets and are essential for investing and trading in any crypto.

    Ethereum Stablecoins vs Others in March 2025

    Highest Fee Revenue

    Ethereum collected the largest revenue in 2024 among all blockchains at $2.5 billion, around 16% higher than the second largest, Tron.

    Ethereum Leads in Revenue at $2.5 Bn in 2024, Highest Among all Chains
    Ethereum Leads in Revenue at $2.5 Bn in 2024, Highest Among all Chains

    Will Trump Alter ETF Terms via SEC?

    Trump is a DeFi millionaire himself (after NFTs, $TRUMP, $MELANIA, and his son’s WLFI), and it is likely that he might have considered this path. However, as a Trump observer since 2016, I expect him to act when Ethereum is at its lowest and he himself has set his own position right (through Derivatives or Spot buying).

    To pass staking rewards to the ETF buyers, the SEC’s nod remains a critical step. With pro-crypto candidate Paul Atkins’s takeover, we expect this task to end soon.

    Frequently Asked Questions

    How many Ethereum ETFs are there?

    There are 17 Ethereum ETFs, out of which 13 are in the USA. These 17 ETFs are:
    1. iShares Ethereum Trust
    2. 21Shares Core Ethereum ETF
    3. Fidelity Ethereum Fund
    4. Grayscale Ethereum Trust ETF
    5. Franklin Ethereum Fund
    6. Direxion
    7. Proshares Ethereum ETF
    8. WidomTree Investments Ethereum ETF
    9. Van Eck Ethereum ETF
    10. Bitwise Ethereum ETH
    11. Ark 21 Shares Active Bitcoin Ethereum Strategy Fund
    12. Coinshares Valkyrie Bitcoin and Ether Strategy ETF
    13. CoinShares International Ethereum ETF
    14. Invesco Galaxy Ethereum ETF
    15. Grayscale Ethereum Mini Trust ETF
    16. ARK 21Shares Active Ethereum Futures Strategy ETF
    17. 21S AFTM

  • The Strategy Effect: How Much Bitcoin Did Corporates Buy This Week?

    This week five companies together bought 7697.3 Bitcoins worth $670 million. Out of these, The Blockchain Group and KULR Technologies are new players, while Metaplanet started buying Bitcoins in 2024 and Strategy (formerly MicroStrategy).

    Listen to the Summary as an Audio Podcast.

    1. KULR Technologies – 56.3 BTC

    KULR Technologies, a leading lithium battery manufacturer has turned out to be one of the first hardware manufacturers to buy Bitcoin. This week, it has bought roughly 56.3 Bitcoins.

    KULR has been buying Bitcoins since December 2024 when its corporate strategy gave permission to its executives to acquire Bitcoin with as much as 90% of its cash reserves. Since then, the company has utilized its surplus cash reserves to acquire as much as 668 BTC (incl. the latest purchase).

    Previously, corporate Bitcoin buyers were limited to software, fintech, crypto, and finance.

    2. Strategy (Michael Saylor) – 6,911 BTC

    Strategy (formerly MicroStrategy) has emerged as a Bitcoin pioneer with its latest purchase of 6,911 Bitcoins. This purchase takes its total reserves to 506,137 Bitcoins valued at $44 billion. The company is not sitting on a 30% yield till date which is roughly $10 billion in just yield.

    Michael Saylor is the original OG of Bitcoin buying with 509k Bitcoins bought to date and had financed the entire purchase on debt. In the crypto winter, he did not sell his Bitcoins despite sitting on a $1 billion negative yield.

    MicroStrategy (now Strategy) did that and has been sitting on a $44 billion reserve that includes $10 billion in yield to date. It was the original pioneer of corporate Bitcoin buying in the world.

    3. The Blockchain Group

    French digital assets company, The Blockchain Group has spent roughly $50 million in buying 580 Bitcoins, taking its tally to 620 BTC. The player from France has emerged as the latest corporate buyer of Bitcoins.

    4. Metaplanet Japan – 150 BTC

    Metaplanet was a key pioneer in purchasing Bitcoins following the footsteps of Michael Saylor (and MicroStrategy) in 2024. The company has been raising funds to actively buy Bitcoins since the crypto markets are in a corrective mode.

    Metaplanet bought 150 Bitcoins this week, taking its tally to a total of 3350 BTC. The purchase was roughly made at a price of $85k.

    Upcoming: GameStop (Raising $1.3 bn)

    GameStop announced its desire to raise $1.3 billion in preferred shares for its willingness to purchase Bitcoins. If the company successfully raises this amount within the first half of April 2025 assuming Bitcoin would still be around $90k, it would be buying roughly 14,444 Bitcoins.

    We are still trying to find out why GameStop would need to raise funds to buy Bitcoins when it already has a $4.5 billion cash pile. Maybe this is the better way ahead: buying Bitcoins with borrowed assets, then paying off the debt or converting the money into shares.

    Frequently Asked Questions

    Why are corporates buying Bitcoins?

    Corporates are buying Bitcoins to either to make a yield like Michael Saylor’s Strategy or to make better use of their idle funds, like GameStop.

    Does the law allow corporates to invest in Bitcoins?

    The law in many countries regards Bitcoin as an asset, and by the same, any company can buy any asset as long as it is not outrightly prohibited.

    How many MSTR Shares for 1 Bitcoin?

    As per the latest available data, each Bitcoin ($87k) is equivalent to 268 MSTR shares ($325).

  • US Fed’s FOMC Meeting on 18-19 March 2025 and Expectations

    The US Federal Reserve FOMC Meeting has kept everyone on their toes in the crypto markets. A rate cut would mean some breathing space for cryptocurrencies and a light recovery rally while a stable policy rate would mean high interest rates sucking away the remaining liquidity in the markets.

    Summary Video

    FOMC Meeting Expectations March 18-19, 2025

    US Federal Reserve Open Market Committee- FOMC Meeting on 18 and 19 March 2025

    The United States Federal Reserve system is going to have its next policy rate meeting today on 19 March 2025. The meeting will be the first one under the Donald Trump administration.

    The current meeting is one of the most crucial meeting in the last one year because The US Fed seems to be in a dilemma on whether to cut the interest rates further, rising an inflation of 3% or higher or to keep them constant and risk sinking the job market along with domestic consumption and industrial growth.

    This dilemma is made even worse by Donald Trump’s reciprocal tariff policy which has imposed crippling tariffs on USA, China, Canada, Mexico, and mulls to implement the next round of tariffs on the European Union.

    Previous Comments by US Fed

    In December 2024 meeting, the US Fed signaled that it may have to keep interest rates constant for the most part of 2025 because of inflation expectations around 3% throughout the year.

    Before this meeting, the expectation was that the Fed would cut interest rates further after two rate cuts in July (0.5%) and September (0.5%) 2024.

    Possible Scenarios

    No Rate Cut, Possible Cut in May 2025

    This is the presumed scenario because the inflation is already at a high of 3% in Feb 2025 while the US Jobs market saw a growth. However, the US industrial growth saw a decline.

    0.25% Rate Cut, No Rate Cut in May 2025

    If Donald Trump’s trade war forces the Fed to cut interest rates, we expect a 0.25% rate cut. Since the inflation is already at a high of 3%, this rate cut would mean there is room for only one more cut in 2025 presumably around December.

    No Rate Cut in March or May 2025

    If the US Fed decides to go hot on inflation, there could be no rate cuts in March or May this year.

  • US Federal Reserve FOMC Meeting Schedule, Members and Outcomes in 2025

    The United States Federal Reserve holds Federal Open Market Committee meetings 8 times every year to decide the base policy rate at which the US Fed lends money to various banks and financial institutions in the United States.

    The meeting plays a critical role in establishing the US Monetary Policy because it controls the supply of money entering the US economy which then impacts job creation, inflation, economic production and public debt.

    As a result, the rates are decided on the basis of how all these factors would react to them. Primarily, the concern of the meeting is to keep inflation in check (below 2%) while ensuring there is a consistent increase in the number of jobs in the US economy.

    Members in the Meeting

    The meeting is headed by 11 members including the Federal Reserve Board Chairman, Vice Chair who is the President of the New York Federal Reserve, four Federal Reserve Presidents (out of 11) who serve on year wise rotating basis and five Federal Reserve Board Members.

    1. Federal Reserve Board of Governors Chairman – Jerome Powell
    2. Vice Chairman – President of the Federal Reserve Bank of New York – John C. Williams
    3. Board of Governors
      • Michael S Barr
      • Michelle W Bowman
      • Lisa D Cook
      • Phillip N Jefferson
      • Adriana D Kugler
    4. President of Federal Reserve Bank (currently Boston) – Susan M Collins
    5. President of Federal Reserve Bank (currently Chicago) – Austin D Goolsbee
    6. President of Federal Reserve Bank (currently St Louis) – Alberto G Musalem
    7. President of Federal Reserve Bank (currently Kansas City) – Jeffery R Schmid

    Meeting Schedule in 2025

    1. Jan 28-29

    Outcome

    The interest rates were kept constant because inflation for the month of December was high at 2.9%, much above Fed’s mandate to keep it below 2%. Further, there were no significant changes in US Job openings.

    Minutes

    The Fed also guided that the US Federal Funds Rate (interest rates) has a very low room for a cut based on expectations of high inflation (around 3% est.) throughout 2025. This decision led to a panic sell in the crypto markets after Trump became the US President. By the first week of Feb, markets were already around $3 trillion after losing $800 billion in market cap.

    2. March 18-19

    Outcome

    Fed Minutes (Guidance)

    3. May 6-7

    4. June 17-18

    5. July 29-30

    6. September 16-17

    9. October 28-29

    8. December 9-10

    Frequently Asked Questions

    What is the current range of the FOMC interest rate?

    At present (March 2025) the US Federal Reserve interest rate is at 4.25% to 4.5%, which is known as the window of interest rate with repo rate at 4.5% and reverse repo rate at 4.25%.

    Who Controls the Federal Reserve?

    A board of 6 Governors control The US Federal Reserve System, which is an independent body composed of 12 Federal Reserve Banks in
    1. Boston
    2. New York
    3. Philadelphia
    4. Cleveland
    5. Richmond
    6. Atlanta
    7. Chicago
    8. Louis
    9. Minneapolis
    10. Kansas City
    11. Dallas
    12. Francisco

  • Ripple SEC Closed Door Meeting Thu 13 March 2025 at 2:00 pm ET

    • Ripple and SEC are scheduled to meet at 2 pm, today on Thursday 13 March 2025.
    • The meeting could solve the differences between the SEC and XRP under new SEC Chair Mark Uyeda (a Republican).
    • SEC had previously appealed against lower court’s decision that termed XRP as “not a security”, while having fined it for $125 million.

    The SEC has released a press statement regarding its upcoming meeting with Ripple under the Sunshine Act. The meeting will be held online between Ripple Executives Brad Garlinghouse (CEO), David Schwartz (CTO), Stuart Alderoty (Legal Counsel) and a few other possible executives.

    On the behalf of the US SEC, there would be Mark Uyeda (acting Chairman) and three SEC Commissioners (as Elizabeth Crenshaw was not re-appointed in Jan 2025).

    The notice discloses the time of the Ripple-SEC meeting as Thursday 13 March 2025. Ripple and SEC could solve their differences in this meeting, potentially leading to the end of a four-year long case against Ripple Labs and its executives (filed in December 2020).

    Sunshine Act Notice Disclosed the Time of the Meeting as Thu 13 March 2025, 2:00 PM Eastern Time
    Sunshine Act Notice Disclosed the Time of the Meeting as Thu 13 March 2025, 2:00 PM Eastern Time

    What Does it Mean if SEC Drops the Case?

    There is a very high possibility that the SEC drops the case as Acting Chairman Mark Uyeda (a Republican) could follow Trump’s pro-crypto initiatives.

    Further, as a result of Trump’s liberal crypto policy, Ripple could become the largest cross-border payment settlement platform. It is already the largest player in the blockchain-based cross-border settlement space.

    Additionally, since XRP is the primary token to pay gas fees on the XRPL blockchain, the result meeting could increase the demand for this token. Besides being used for cross-border settlements, XRPL is also used for issuing and transacting RLUSD stablecoins, for RWA (Abrdn’s Tokenized Liquid Fund), for using Ripple On Demand Liquidity Platform, and for several other uses.

    If SEC drops the case, Ripple’s XRP could shoot upwards of $3 within a week, according to our expectations.

    The Ripple vs SEC Case Timeline

    Ripple was accused of selling $1.3 billion worth of unregistered securities to retailers and corporate investors in 2013 (the XRP ICO) following which the SEC registered a case 7 years later in December 2020.

    The case saw several developments over the next four years finally culminating in a ruling by the District Court of the Southern District of New York. The ruling termed that the retail sales of the SEC were not securities and quashed the SEC case in August 2023. Whereas, the corporate sale were later termed as securities but the courts imposed only $120 million fine on Ripple Labs, against a demand of $2 billion from the SEC.

    The case has now been pending in front of an appellate court where the SEC has challenged the ruling of the lower court.

    The meeting scheduled on 13 March 2025 is expected to settle the matter for once and for all.

  • Trump’s Zero Tax Policy Ahead of Crypto Summit

    Donald Trump is likely to sign a key executive order establishing a zero capital gains tax on crypto.

    Trump has been vocal about his crypto policies. In early 2025, Donald Trump signed an executive order fulfilling his election promises of ending Biden’s anti-crypto executive orders. Before the elections, he also promised to establish crypto friendly laws and a Bitcoin Reserve.

    Lately, the White House Crypto Summit is a key step in that direction which will be attended by top industry experts, US regulatory chiefs and many others. The meet would see discussions on assets to be included in the US Crypto Reserve and establishing a clear crypto policy in the USA.

    Benefit Likely For Made in USA Cryptos Only

    It is likely that the benefit of zero Capital Gains Tax would be limited to Made in USA cryptocurrencies only. This assumption is based on Trump’s Made in America crypto policy.

    • Bitcoin (BTC)
    • Ethereum (ETH)
    • XRP (XRP)
    • Solana (SOL)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Algorand (ALGO)
    • Ondo Finance (ONDO)
    • Litecoin (LTC)
    • Uniswap (UNI)
    • Filecoin (FIL)
    • Aptos (APT)
    • Near Protocol (NEAR)

    Crypto Markets Could Reach Another ATH Soon

    If the rumor of zero capital gains tax turns out to be true, in that case the crypto markets would soon recover to their ATH levels of $3.79 trillion. Lately, crypto markets have seen very huge volatility caused by lack of liquidity and excessive short-selling in the markets.

    At press time, we see many of the short positions have been covered or squared off which is indeed a bullish sign.

    Leading cryptocurrencies like Bitcoin, XRP, Solana and Cardano would also see further gains. Bitcoin is expected to cross $100k, XRP could cross $3, Solana could cross $200 and Cardano could cross $1.5 within hours of the announcement.

    A Look At Crypto Taxes Across The World

    The US Tax law on crypto would be one of the most supportive decisions for the crypto markets, taking it to new highs. Further, this tax law would

    Crypto is generally traded as a commodity or a financial asset in most of the countries.

    While there exists a direct ban in China, crypto faces severe restrictions or high taxes in France, Italy and India. France imposes a 30% tax, Italy does 46% and India does 30% and doesn’t allow adjusting profits with losses.

    On the other hand, countries like UAE and Singapore have established themselves as crypto havens.

  • Attendees List in the White House Crypto Summit on March 7, 2025

    The White House Crypto Summit is scheduled on March 7, 2025 between 1:30 PM to 5 PM Eastern Time. The event would be attended by well known crypto figures, innovators and regulatory agencies.

    The meeting is expected to set the stage for the future of crypto policy, rules and regulations as well as setting up the US Strategic Crypto Reserves.

    Though several projects like XRP, Strategy, Coinbase, Chainlink, Kraken, and Coinbase are being represented by their founders and top executives, several others like Charles Hoskinson (Cardano), Vitalik Buterin (Ethereum) and Silvio Micali (Algorand) will not be attending it.

    Confirmed

    • Michael Saylor – CEO of Strategy
      • Saylor has been a key Bitcoin advocate in the worst times and has been a key proponent of US Bitcoin Reserve.
    • David Bailey – CEO of Bitcoin Magazine
    • Matt Hung – Co-Founder of Paradigm
    • JP Richardson – CEO of Exodus Wallet
    • Kyle Samani – Managing Partner of Multicoin Capital
    • Zach Witkoff – Co-founder of Trump-family-backed World Liberty Financial
    • Sergey Nazarov – Co-Founder of Chainlink
      • Chainlink is a key infrastructure provider for cross-chain transfers and oracle service.
    • Brian Armstrong – CEO of Coinbase
      • Armstrong has been a key Bitcoin advocate.
    • Vlad Tenev – CEO of Robinhood
    • Arjun Sethi – CEO of Kraken
    • Kris Marszalek – CEO of Crypto.com
    • Brad Garlinghouse – CEO of Ripple
      • Garlinghouse fought one of the lengthiest and most expensive cases ($1 billion in legal fees) against the SEC.

    Confirmed Government Attendees

    • Mark Uyeda – Acting Chairman of US SEC
    • Caroline Pham – Acting Commissioner of CFTC
    • Elon Musk
    • Scott Bessent – US Treasury Secretary

    Unconfirmed but Likely

    • Cathie Wood – Founder and CEO of Ark Invest
    • Vitalik Buterin – Co-Founder of Ethereum
    • Jeremy Allaire – Co-Founder and CEO of Circle
    • Paolo Ardoino – CEO of Tether
    • Charles Hoskinson – Founder of Cardano
    • Anatoly Yakovenko – Founder of Solana
    • Marc Andreessen – Co Founder and Partner at Andreessen Horowitz (a16z)

    Will Not Attend, Confirmed

    • Vitalik Buterin – Co-founder of Ethereum
    • Charles Hoskinson – Co-Founder of Cardano and Ethereum
    • Silvio Micali – Co-Founder of Algorand

    Expected Agenda

    The following two issues are expected to be the top points of discussion in the summit as the primary goal of the event seems to set the crypto markets on a bullish course.

    1. US Strategic Crypto Reserve

    Donald Trump had earlier announced that the US Strategic Crypto Reserves (officially the US National Digital Assets Stockpile) would include XRP, Cardano, and Solana and later added that Bitcoin and Ethereum would form the core of the reserves.

    In the upcoming meeting, there is a high possibility that the reserve would be expanded to at least these following cryptocurrencies that act as critical technology enablers.

    Chainlink (LINK)

    Chainlink is the largest blockchain oracle provider and the largest cross-chain asset protocol in the world of blockchain. More than 21 chains use its cross-chain protocol.

    2. Crypto Policy and Regulations

    Policy and Regulations are also expected to be at the heart of discussions as the market desperately needs a clear and supportive policy for the crypto markets.