The president is set to detail his tariff regime on Wednesday after the U.S. market close.
The broker has a buy rating on the shares with a $23 price target.
D.O.G.E. job cuts, tariffs, a restrictive Fed and new immigration policies could weigh on markets for the next six to nine months, said Lekker Capital's Quinn Thompson.
Eric and Donald Trump Jr. have partnered with Hut 8 to launch a major U.S.-based bitcoin-mining company.
Arthur Hayes, the former CEO of BitMEX, pleaded guilty to one count of violating the Bank Secrecy Act and was sentenced to two years probation.
Dominari Holdings, a wealth management firm, announced during an earnings report on Friday that it would use a portion of its excess cash to buy shares of the iShares Bitcoin Trust.
President Donald Trump has threatened to impose larger tariffs on the European Union and Canada if they attempt to harm the U.S. economy, potentially causing instability in the crypto market.
President Donald Trump has warned of imposing larger import tariffs on the European Union and Canada if they collaborate to harm the U.S. economy.
According to recent reports, President Donald Trump’s crypto venture, the decentralized finance (DeFi) platform World Liberty Financial (WLFI), has unveiled a new stablecoin called USD1. This token, pegged to the US dollar, is now live on the Ethereum (ETH) and Binance blockchains, although the launch was not officially announced by the company on Monday March 24. World Liberty Financial Launches New Stablecoin The news comes via a report from Fortune, which highlights the expanding crypto portfolio of the President, now serving his second term in the White House’s Oval Office. On social media, Changpeng Zhao, the former CEO of Binance, shared a link to the USD1 token with his 10 million followers on X, prompting World Liberty Financial to implicitly confirm its legitimacy. However, the company cautioned that USD1 is not currently tradable and warned users to be vigilant against potential scams. Related Reading: Analyst Sets Dogecoin Next Target As Ascending Triangle Forms Stablecoins such as USD1 are becoming increasingly prominent in the crypto market, with notable traction in the US Congress, where lawmakers have introduced several bills to further support the sector. Major players such as Tether, the issuer of the world’s largest stablecoin, USDT, reported $13 billion in profit for 2024, while Circle, the company behind USDC, is planning to go public. These companies back their stablecoins with US treasuries, allowing them to earn significant yields, which has proven lucrative given their relatively low operational costs compared to traditional corporations. Ethical Concerns Arise World Liberty Financial, announced in August, is part of Trump’s broader foray into the cryptocurrency world, which also includes non-fungible tokens (NFTs) and a memecoin named after the President, TRUMP. The project is positioning itself within the decentralized finance sector, which aims to replicate traditional banking services—such as lending and borrowing—on blockchain platforms. However, details about the project’s specific offerings remain vague, with little information available on their website. The project’s “gold paper” outlines ambitions to create a comprehensive hub for various DeFi applications, including decentralized lending platforms and crypto exchanges. Trump himself holds the title of “Chief Crypto Advocate” for World Liberty Financial, underscoring his involvement in the initiative. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? In a show of investor confidence, the project recently announced it had raised $550 million in token sales, attracting attention from various stakeholders, including Trump family members and loyalists. Barron, Eric, and Donald Jr. have been designated as World Liberty Financial’s “Web3 Ambassadors,” while real estate magnate Steve Witkoff and his sons are listed as co-founders alongside DeFi developers Zak Folkman and Chase Herro, who previously faced challenges with their project, Dough Finance, which suffered a $2 million hack. Despite the enthusiasm surrounding the project, it has raised ethical concerns among experts, particularly regarding the potential for influence peddling. Critics have pointed to instances like Justin Sun’s public purchase of $75 million worth of World Liberty Financial tokens, suggesting that such activities could blur the lines of regulatory compliance. At the time of writing, TRUMP memecoin is trading at $11.58, down 30% on a monthly time frame and 84% off its current record high of $73.43 reached on the same day of its debut on January 19. Featured image from DALL-E, chart from TradingView.com
DJT stock is up 9% after hours.
TRUMP, the memecoin launched by US President Donald Trump, saw a sharp price jump after the President promoted it on his Truth Social platform. In a March 23 post, Trump praised the token as “SO COOL” and “The Greatest of them all.” This marked his first public endorsement of the token since January and immediately […]
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Donald Trump's Truth Social post sends the presidential meme coin flying.
SOL leads BTC and XRP higher as SPX futures cheer reports that expected Trump tariffs on April 2 could be narrower in scope that initially expected.
XRP may see record prices in 2025 despite its recent slump, according to industry expert Edoardo Farina. The digital coin trades at $2.40 as of press time, marking a 3.5% drop in the last day, and leaving recent investors with heavy losses. Related Reading: Ethereum Supply Squeeze? 10-Year Low Ignites Price Speculation XRP Still Outperforms Major Cryptocurrencies In 2025 This year, Bitcoin has dropped 9% and Ethereum shed 35% of its value. However, XRP has done pretty well, rising 12% since January. This performance comes even as the broader crypto market faces significant pressure, with many investors questioning if the bull run has ended. Farina, who serves as Head of Social Adoption at XRPHealthcare, remains confident about XRP’s future. “There is no way we’re not seeing higher prices in 2025,” he stated in a recent social media post. His optimism stands in stark contrast to the current market sentiment. Multiple Factors Could Boost Altcoin’s Value Based on Farina’s examination, a number of events could push the price of XRP higher in the months to come. Top among these is the pending evaluation of more than 15 XRP ETF proposals by the Securities and Exchange Commission. The investment products might unlock the gate for institutional funds to pour into the altcoin just like it has done with Bitcoin in 2024. Facts. ???? Regulatory clarity, institutional adoption, and real-world utility are all aligning for XRP. $2.40 is just the beginning—2025 will be a game-changing year. Buckle up. ???? — Latest Crypto XRP (@LatestCryptoXRP) March 20, 2025 Future stablecoin regulation may also help the crypto asset indirectly. Although XRP itself is not a stablecoin, Ripple’s RLUSD stablecoin would receive credibility from more transparent rules. XRP researcher SMQKE opines this would boost demand for XRP because fees on transactions paid in altcoin get “burned”, lessening supply. Trump Administration Support May Provide Additional Momentum According to reports, the administration of US President Donald Trump intends to give preference to US-based cryptocurrency firms such as Ripple. This possible government support might result in increased acceptance and usage of XRP, driving its price upwards. Farina believes this support, combined with what he calls “institutional FOMO,” will create a rush of large investors entering the XRP market. These big money moves would drive substantial buying activity. Related Reading: 1 Million Bitcoin In New Whale Hands—A Mega BTC Rally On The Horizon? Supply Reduction Could Lead To Price Surge The last part of Farina’s forecast says there could be a “supply shock” for XRP. As more institutions start using it and transaction fees keep getting burned, the number of available XRP tokens will go down. Basic economics tells us that if supply keeps going down while demand stays the same or goes up, prices could reach new all-time highs. For investors who bought XRP within the last two months, this prediction offers a good dose of optimism after suffering a 20% loss in value. However, market observers note that crypto predictions should always be viewed cautiously, especially when coming from those with potential conflicts of interest. Featured image from Gemini Imagen, chart from TradingView
Eric Trump, son of President Donald Trump, has recently emerged as a key figure in the crypto world
On-chain data shows that the project has raised nearly $590 million between two pre-sales.
The talks began after Binance reached out to Trump allies last year to strike a deal for the exchange's return to the U.S, according to report.
On March 13, hackers seemingly took control of DB, a well-known crypto news platform, using its X account to spread false information about Donald Trump’s TRUMP memecoin and a fabricated BlackRock ETF filing for Hyperliquid. The misleading posts had an immediate impact. TRUMP’s price surged by 20% before quickly collapsing, while the fake ETF news […]
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The official TRUMP token, designed to commemorate US President Donald Trump’s second presidency, was an instant hit upon launch. The token surged from less than $10 on January 18th to a high of $74.59 on January 20th before quickly surrendering some gains within hours. Although the token remained competitive days after the president’s inauguration, by trading above $30, it quickly faded under pressure. TRUMP dipped below $20 on February 2nd, and it’s now trading at $10. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Observers say that the broader crypto market and TRUMP’s token are crashing. However, TRUMP’s crash is not without controversy—10x Research has disclosed that there was “insider play” before the coin’s massive drop. While most traders lost billions of dollars during its crash, a sizeable number of early investors cashed in for huge profits. Early Investors Cash Out Before Listing In Major Exchanges According to 10x Research, most early investors cashed in just before major exchanges listed the coin, as its value moved past $60 and briefly hit $70. The coin’s rapid surge in price was welcomed by everyone, with the early investors getting the best seats in the house. After its quick rise, TRUMP suffered a massive drop. From the low $20s, it’s now trading at $10, leaving retail and small traders with losses. The $TRUMP Dump: When the Hype Fades, Reality Hits ????1-4) A clear example is the $TRUMP coin, where insiders and those with early access at the Washington crypto ball could buy in before the public, while exchanges rushed to list the token as it soared past $60. After briefly… pic.twitter.com/PVzLcVbL0m — 10x Research (@10x_Research) March 11, 2025 Losses related to the TRUMP price drop are reminiscent of previous bearish cycles, including the 2021 NFTs boom and bust. With the TRUMP token, the value significantly dropped within the week. By looking at the bigger picture, TRUMP token shed more than 80% since its peak last January. And on-chain data suggests that early investors quickly liquidated their positions, with retail and small traders used as pawns. Solana Chain Takes A Hit The Solana ecosystem is one of the biggest losers in the token’s crash. Aside from TRUMP, a few other Solana-based tokens faced selling pressure, including Raydium’s RAY token, which dropped by 60% in the last month. Even Solana’s native token, SOL, dropped by over 40% over the same period. The drop in value for SOL-based tokens suggests that the interest in meme coins or speculative tokens is waning. Pump.fun Also Sees Dramatic Shift Pump.fun, another leading meme coin platform, has also witnessed a dramatic drop in network activity. Over the past year, this platform processed 8.4 million meme coin launches, peaking days ahead of Trump’s inauguration. Related Reading: XRP Cycle Top Forecast—Analyst Pinpoints The Timeline From Christmas season to early January, up to 1.7 million meme tokens were launched on Pump.fun. However, the daily launches on Pump.fun have dropped. Also, participation rates have fallen on this platform, reflecting declining interest on this asset class. Feature image from Newsweek, chart from TradingView
The crypto market is experiencing a significant downturn this week, driven by growing concerns over a potential trade war and disappointment surrounding the US government’s crypto reserve plans. A recent interview with President Donald Trump, in which he hinted at the possibility of a recession, has further unsettled investors. Crypto Market Plummets: XRP, Solana, And Cardano Follow Bitcoin’s Downtrend Bitcoin, the flagship cryptocurrency, has fallen nearly 4% in the last 24 hours, dropping toward the $79,000 mark—a level not seen since mid-November. Ethereum (ETH), has taken a more significant hit with a 10% drop toward $1,860, price not seen since August. Other established cryptocurrencies are also feeling the strain; XRP has declined by 4%, Solana (SOL) by 7%, and Cardano (ADA) by 8% as market participants continue to retreat from riskier assets. The backdrop to this volatility includes the continuous aggressive tariff policies imposed by the new President Donald Trump administration towards countries like Canada, China, and Mexico. Related Reading: Bitcoin Slips Under 200-Day Moving Average – Will The Downtrend Continue? These actions have sparked fears of a trade war, which could exacerbate inflation and increase the cost of imported goods. As a result, investors are gravitating toward safer investments, steering clear of the notoriously volatile cryptocurrency market. In a Fox News interview over the weekend, Trump acknowledged that the aggressive tariff strategy could lead to a recession, describing the country as entering a “period of transition.” This commentary has raised alarms among investors, particularly as Trump did not rule out the possibility of a recession occurring this year. Jake Ostrovskis, an over-the-counter trader at Wintermute, noted that the former president emphasized the likelihood of “short-term economic pain,” amplifying market anxieties. Diminished Risk Appetite And Fed Rate Outlook Adding to the uncertainty is the recent letdown regarding the White House’s plans for a national crypto reserve. Many in the crypto community had anticipated that Trump’s proposal would involve substantial government purchases of Bitcoin and other cryptocurrencies, potentially stimulating demand and boosting prices. However, investors were disappointed when it was revealed that the government would refrain from making additional crypto purchases and would only retain cryptocurrencies seized from illegal activities. Haider Rafique, the global chief marketing officer at crypto exchange OKX, expressed disappointment in the lack of immediate buying pressure from the formalization of a Bitcoin reserve. “While establishing a Bitcoin reserve is a significant milestone, it does not create immediate buying pressure, disappointing those expecting aggressive accumulation,” Rafique stated. Related Reading: Dogecoin To $2 Could Be Next If DOGE Holds This Level: Analyst This downturn in the crypto market also follows a broader trend of declining risk appetite among investors. Since the Federal Reserve announced in December that it would not implement as many interest rate cuts in 2025 as previously anticipated, the crypto market has lost approximately 25% of its total market cap. The optimistic outlook that many had following Trump’s election in November has quickly turned sour, as macroeconomic factors weigh heavily on the market. Featured image from DALL-E, chart from TradingView.com
Eric Trump recently shifted his stance to suggest a long-term holding strategy for crypto assets.
Macro concerns, mainly tariff-related, overshadow Trump's crypto announcements, one observer noted.
World Liberty Financial (WLFI), a DeFi group linked to US President Donald Trump, has added Sui (SUI) to its strategic reserves. The move is part of WLFI’s strategy to develop a broad portfolio that supports blockchain-based financial solutions. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says Sui Joins Other Major Crypto Assets Since its introduction in September 2024, WLFI has established a strong influence in the cryptocurrency space. Wrapped Bitcoin (wBTC) and Ethereum (ETH) are already in its reserve, and Sui is the latest addition. Donald Trump Jr. and Eric Trump, Web3 ambassadors, lead the initiative. Barron Trump, the president’s youngest son, is also participating and referred to as a “DeFi visionary.” Their objective is to promote stablecoins and other decentralized financial technologies. ???? BREAKING — we’re extremely excited to announce a partnership with @worldlibertyfi, a Donald J. Trump-inspired pioneering DeFi protocol, rooted in a shared vision for a more open and transparent financial world. As part of this collaboration: ???? WLFI will include SUI in their… pic.twitter.com/7J1gB0EbS4 — Sui (@SuiNetwork) March 6, 2025 Why WLFI Chose Sui? Sui, developed by Mysten Labs, is recognized for its fast transactions and ability to scale effectively. It was built to support a large number of users while remaining cost-effective, making it an excellent choice for financial applications. The fact that WLFI added SUI to its stockpile shows that it has faith in the future of blockchain technology. The group is dedicated to keeping a wide range of digital assets and supporting important Web3 projects. In his role as WLFI’s Web3 Ambassador, Eric Trump was genuinely excited about the alliance. He said that the blockchain’s roots in American innovation and the company’s ability to grow were two things that stood out to him. ???? Sui just partnered with World Liberty Financial, a Trump-backed DeFi protocol, leading to a surge in the token. Sui will integrate its layer 1 blockchain with WLFI’s financial strategies, enhancing their strategic token reserve to support DeFi projects. Read more here:… — The Defiant (@DefiantNews) March 6, 2025 Co-founder and CEO of Mysten Labs—the company behind Sui—Evan Cheng was hopeful about how the alliance would transform asset preservation and usage worldwide. He said everyone shared the same objective: giving individuals back control over their financial resources and digital presence. Market Reactions Meanwhile, the news of the partnership announcement gave the token some boost, rising 10% in the last 24 hours, data from Coingecko shows. The collaboration was praised by investors who saw it as a major endorsement of the blockchain’s technology and importance in WLFI initiatives. This agreement enhances Sui’s position in the DeFi market. As a relatively new project, WLFI benefits from aligning with a strong blockchain like Sui, helping to strengthen its market presence. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Next Steps For WLFI And Sui WLFI and Sui are expected to continue collaborating on blockchain-based financial solutions. While specific plans have not been disclosed, the addition of Sui to WLFI’s reserves suggests a deeper partnership in the future. Featured image from Pexels, chart from TradingView
White House crypto and AI czar David Sacks said on X that the stockpile will also include other coins forfeited in criminal or civil proceedings
Options pricing on Deribit suggests BTC could swing by nearly $5K following the crypto summit, according to analysis by STS Digital
Sacks' venture firm, Craft Ventures, exited its Bitwise position ahead of the new administration, according to a source close to the situation.
The sharp reversal aligned with a cautious mood among traders after Monday’s market rally following the ambitious plan, as a CoinDesk analysis previously noted.
The U.S. stock market has turned lower as well ahead of coming tariffs against major trade partners.
Trump’s announcement of a strategic crypto reserve on Mar. 2 ignited a swift and widespread rally that reversed the recent dip in sentiment following Bitcoin’s drop below $80,000 last week. While Bitcoin and Ethereum were widely assumed to be the reserve’s central components, the initial announcement only mentioned XRP, Solana, and Cardano. The market’s response […]
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The President announced that XRP, SOL, BTC, ETH and ADA would be included in the strategic reserve.