A Week of Action in the Crypto Market
Welcome to our exciting weekly recap in the dynamic world of cryptocurrencies! On Monday, March 3 rd, 2025, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies according to Coin Market Cap and anticipate how the market could evolve throughout the week. On Friday, March 7 th , 2025, at 6:00:02 PM EST (12:00:02 PM CET), we will compare these prices with the closing values to identify market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $93,087.37 | -5.08% | $88,357.79 |
| ETH | $2,366.62 | -7.62% | $2,186.23 |
| XRP | $2.66 | -6.12% | $2.50 |
| BNB | $605.11 | -0.55% | $601.78 |
| SOL | $165.99 | -11.65% | $146.66 |
| DOGE | $0.22 | -6.66% | $0.21 |
| ADA | $0.99 | -12.74% | $0.86 |
| AVAX | $23.58 | -11.07% | $20.97 |
| TON | $3.36 | -8.45% | $3.07 |
Whale Scores $6.8M Before Trump’s Crypto Reserve Post
A crypto trader made $6.8M by placing 50x leveraged longs on BTC and ETH before Trump announced a Crypto Strategic Reserve. The whale deposited $5.9M on Hyperliquid, placing key bets just minutes before the market surged. Some speculate insider trading, as positions were quickly closed post-announcement.
Coinbase, Gemini CEOs Support Bitcoin-Only US Crypto Reserve
Brian Armstrong and Tyler Winklevoss argue that Bitcoin is the only cryptocurrency fit for a US reserve asset. Winklevoss calls BTC “hard money” and a proven gold successor, while Armstrong suggests a market cap-weighted index if more cryptos are included.
Vietnam to Launch Pilot for State-Licensed Crypto Exchange
Vietnam’s Ministry of Finance will propose a legal framework for digital assets, including a pilot for a state-licensed crypto exchange. The initiative follows Prime Minister Pham Minh Chinh’s push for clear regulations, aiming to balance innovation and investor protection.
Reddit Co-Founder Joins Bid to Buy TikTok and Bring It On-Chain
Alexis Ohanian, co-founder of Reddit, has confirmed he is part of the group aiming to acquire TikTok’s U.S. operations. If successful, the goal is to bring TikTok on-chain. Ohanian will collaborate with Frank McCourt and Project Liberty as a strategic advisor.
Trump Establishes Bitcoin Reserve Amid Past Skepticism
US President Donald Trump has signed an executive order to create a strategic bitcoin reserve funded by forfeited assets from criminal or civil cases. The reserve will not cost taxpayers, as additional bitcoin will be acquired without extra costs. This move marks a shift from Trump’s previous skepticism, positioning Bitcoin as a strategic asset for the US in the global financial system.
Sources
https://cointelegraph.com/news/trader-banks-nearly-7-million-from-trumps-crypto-reserve-announcement
https://cointelegraph.com/news/coinbase-gemini-ceo-advocate-for-bitcoin-only-us-crypto-reserve
https://crypto.news/vietnam-to-pilot-digital-currency-exchange-report/
https://crypto.news/reddit-co-founder-joins-bid-to-buy-tiktok-and-bring-it-on-chain/
