DL News

Major tokens slumped after President Donald Trump shared canned remarks at the White House’s highly-anticipated crypto summit Friday.

Bitcoin dropped more than 2% as Trump addressed a room of about 30 entrepreneurs, lawmakers, and administration officials, including Michael Saylor, the chairman of Strategy, Coinbase CEO Brian Armstrong, and Treasury Secretary Scott Bessent.

Ether, Solana, and XRP fell more than 2%, 3%, and 4%, respectively.

On Thursday, Trump signed an executive order to conv

Conic Finance, a three-year-old DeFi protocol that once held over $156 million in investor deposits, has shut down more than a year after a pair of exploits that left the project on life support.

The developers behind Conic were unable to fix several security bugs identified in an upcoming version of the protocol, they said in a blog post Friday.

Conic’s token, CNC, fell more than 80% after the announcement, to just over $0.01. At its all-time high, the token traded above $10 and had a total m

Representative Tom Emmer says CBDCs are an “Orwellian surveillance tool” that have no place in the US financial system.

On Thursday, the Minnesota Republican took fresh action on Capitol Hill to ban a central bank digital currency, or CBDC, in the US.

The catch — they don’t exist. And there is no sign of activity they ever will in the US.

This didn’t stop Emmer, a longtime crypto supporter, from resubmitting a bill to prevent the creation of CBDCs without Congressional approval.

“A governmen

A version of this story appeared in our The Roundup newsletter on March 7. Sign up here.

Strap in. The Trump tariff rollercoaster is at full throttle.

Markets whipsawed this week as President Donald Trump imposed, then partially rescinded, then reimposed, then re-rescinded 25% tariffs on the US’s top trading partners, Mexico and Canada.

The president’s protectionist policy wasn’t the only moving target.

On Thursday, David Sacks, the White House crypto and AI czar, appeared to walk back Trump

The crypto industry is hopeful that a new bill will stop banks from refusing to serve companies that deal in digital assets.

The FIRM Act, introduced on Thursday by Republican Senator Tim Scott, who leads the Senate Banking Committee, will eliminate all references to reputational risk in regulatory supervision.

The bill’s sponsors, which include all 12 banking committee Republicans, say it will stop what they say is the political weaponisation of regulations and will ensure regulators focus on

Donald Trump’s crypto summit could see Bitcoin’s price surge to $100,000.

That’s according to Ryan Lee, chief analyst at Bitget Research.

He argued that if the White House’s meet-up delivers on the hope of clear regulatory signals, then that will prove a boon for Bitcoin and other cryptocurrencies.

“A successful summit could see Bitcoin reclaim $100,000 and crypto assets like ETH, XRP, and Solana soar, cementing US leadership in global crypto markets,” Lee said.

However, he cautioned that “a

The crypto industry is hopeful that a new bill will stop banks from refusing to serve companies that deal in digital assets.

The FIRM Act, introduced on Thursday by Republican Senator Tim Scott, who leads the Senate Banking Committee, will eliminate all references to reputational risk in regulatory supervision.

The bill’s sponsors, which include all 12 banking committee Republicans, say it will stop what they say is the political weaponisation of regulations and will ensure regulators focus on

Bettors like XRP’s odds as the Ripple-linked cryptocurrency inches closer to launching exchange-traded funds.

On Kalshi, the Ripple-linked cryptocurrency has a 43% chance of outperforming other cryptocurrencies like Bitcoin and Ethereum, which have 21% and 7% odds on being the best performers in 2025.

The news comes after President Donald Trump indicated that he’d like to include XRP in a digital asset stockpile.

“Including XRP in a strategic reserve strengthens the case for XRP ETF applicati

On Thursday, US President Donald Trump signed an executive order to establish a strategic Bitcoin reserve and a US digital asset stockpile.

Both stockpiles proposed by Trump won’t purchase any new tokens — at least, not immediately.

Both will contain crypto already seized by US law enforcement. But the Bitcoin reserve could eventually contain Bitcoin acquired through other means.

“Just as it is in our country’s interest to thoughtfully manage national ownership and control of any other resour

Ethereum is in trouble, but new initiatives could help the number-two cryptocurrency right the ship.

That’s according to VanEck’s Head of Digital Assets Research Matthew Sigel and Senior Analyst on Digital Assets Patrick Bush.

“Ethereum has struggled in the current crypto cycle, both in terms of usage and asset valuation,” they wrote in a Wednesday note to investors.

“This decline is largely due to the erosion of the core factors that once made Ethereum valuable.”

The note is the latest test

When the first ever White House summit on crypto policy convenes on Friday, the table will feature a who’s who of industry leaders.

It’s also likely to fuel debate on the future of the $3 trillion industry.

Michael Saylor, the chairman of MicroStrategy, is expected to be there, according to Fox News, as is Brian Armstrong, the CEO of Coinbase. The Winklevoss brothers will weigh in as well as Ripple boss Brad Garlinghouse.

Coordinating the discussion will be David Sacks, the onetime Solana inv

Aave, the second-largest protocol in decentralised finance, jumped this week after a prominent contributor advanced a proposed buyback program directing a portion of the protocol’s revenue to certain investors.

Should the proposal succeed, a new finance committee would be charged with buying $1 million in Aave tokens each week for a six-month period.

Those tokens would be used to reward users who lock up, or stake, their Aave tokens.

‘Aavenomics’

Aave’s token has gained 20% since Aave Chan I

Bitcoin is down below $89,000. Again.

On Thursday, the top cryptocurrency plunged about 2% to hit $88,020. The total crypto market is down 3% over the past 12 hours to just over $3 trillion.

The plunge coincided with Nasdaq crashing over 2% as Wall Street digests a barrage of tariff-related headlines.

The US dollar fell as Commerce Secretary Howard Lutnick said that the US planned to soften tariffs against Canada and Mexico, Bloomberg reported.

Traders had already been reeling from stop-and-

Aave, the second-largest protocol in decentralised finance, jumped this week after a prominent contributor advanced a proposed buyback program directing a portion of the protocol’s revenue to certain investors.

Should the proposal succeed, a new finance committee would be charged with buying $1 million in Aave tokens each week for a six-month period.

Those tokens would be used to reward users who lock up, or stake, their Aave tokens.

‘Aavenomics’

Aave’s token has gained 20% since Aave Chan I

World Liberty Financial is expanding its token holdings.

The Trump-backed DeFi project will “explore product development opportunities” with layer 1 blockchain Sui, and “plans to include Sui assets in ‘Macro Strategy,’” the project’s token stockpile.

That’s according to the Sui Foundation, which outlined the plans in a Thursday blog post.

Sui’s native token, which has a market value of over $9 billion, jumped as much as 18% on the announcement.

The Sui deal is the latest in a growing list of

XRP whales piled over $700 million worth of the cryptocurrency this week, according to crypto data platform Santiment.

Traders in South Korea seem particularly interested in trading with the Ripple-linked cryptocurrency ahead of Donald Trump’s crypto summit on Friday.

Trading volume for XRP on South Korean crypto exchange Upbit topped $724 million in the last 24 hours.

That’s more than the activity recorded on Binance and Coinbase, according to data from CoinGecko. Those had $657 million and

Coinbase co-founder and CEO Brian Armstrong cheered the idea to shutter the Consumer Financial Protection Bureau.

“100% the right call,” Armstrong wrote in February. He was responding to a taunt by Elon Musk, who posted an image of a tombstone and the line “CFPB RIP.”

The agency was gutted by Donald Trump’s administration around the same time, to cheers by Armstrong and other crypto execs like Tyler Winklevoss of Gemini.

What Armstrong didn’t mention was that the CFPB had received 7,775 compl

Bitcoin’s price will surge to $1 million in the not too distant future.

That’s one of the predictions made ahead of President Donald Trump’s first crypto summit.

The Friday meet-up will see industry leaders congregate at the White House to evangelise the benefits of digital assets to Trump and Crypto Czar David Sacks.

It comes on the back of a rollercoaster few days — driven in part by economic fears, tariff threats, and a record hack — that saw Bitcoin plunge 12% to trade below $80,000.

Bit

Nigerian crypto users are annoyed about missing airdrops on Binance due to the government’s long-running dispute with the crypto exchange.

This week, Nigerians who tried to access Binance web3 questions, a platform to earn crypto giveaways, were hit with a notice that the service was no longer available.

“It’s a pity that for a crypto-loving country like Nigeria, our access to the industry is becoming severely limited as the days go by,” Chike Nnadi, a Nigerian crypto trader based in Lagos, to

Last month, decentralised exchange aggregator ParaSwap received an unexpected windfall.

DeFi’s fifth-biggest aggregator processed several large token swaps totalling $195 million, doubling its typical daily transaction volume and earning $100,000 in fees in the process.

There was just one problem. The swaps were part of an effort by North Korean hackers to launder $1.4 billion of crypto stolen from Bybit.

Now, Bybit is asking ParaSwap DAO to return the $100,000 as part of its ongoing recovery