67 days ago
It’s been a historic week in the cryptocurrency market! Even though the prices don’t exactly reflect it on a seven-day scale, a lot has happened on the macro level that could pave the way for a longer-term progress that was much-desired. That said, the total crypto market cap currently sits at around $3.8 trillion, but let’s take it one step at a time. The very first thing that happened at the beginning of the week was Donald Trump taking the oath of office and stepping into his position as the 47th president of the United States of America. This unchained a series of events that could provide for a long-lasting impact on the industry. Right off the get-go, Trump signed an executive order, which, among other things, established a working group on Digital Asset Markets with the purpose of exploring the merits of creating a strategic national cryptocurrency stockpile. Now, some clarifications are in order. Many expected Trump to focus on Bitcoin and to actually mandate the government to consider buying it for its national reserves. Whereas in reality, the order only talked about not selling the crypto that the country has confiscated. Nonetheless, the order in question also aims to prohibit the creation and further usage of central bank digital currencies to prevent a potential dispute to the dollar’s hegemony. Also, the document outlines the necessity for for easy access for individuals and crypto companies to the country’s banking system, effectively putting a halt on operation Chokepoint 2.0. That said, Trump also appointed an interim Chairman to the Securities and Exchange Commission – Mark Uyeda. They also established a task force headed by Commissioner Hester Peirce (a.k.a Crypto Mom) to work on creating a fair and transparent framework for digital assets. All in all, it was a very good week in terms of crypto fundamentals, not so much as for the price as most of the coins are charting losses with the exception of BTC, which is up by around 2%. Market Data Source: Quantify Crypto Market Cap: $3.801T | 24H Vol: $213B | BTC Dominance: 55.3% BTC: $106,100 (+2%) | ETH: $3,397 (-0.7% ) | XRP: $3.16 (-1.3%) This Week’s Crypto Headlines You Can’t Miss Trump Signs Executive Order To Consider National Digital Asset Stockpile: Report . Arguably, the biggest news in the cryptocurrency space this week came on Thursday night when the new US President signed an executive order to review the creation of a ‘National Digital Asset Stockpile.’ This, alongside Senator Cynthia Lummis’ election to chair the Senate Banking Subcommittee on Digita Assets, prompted Changpeng Zhao to claim that the BTC reserve is ‘pretty much confirmed.’ Donald Trump Pardons Silk Road Creator Ross Ulbricht . President Trump seems to be keeping up his promises, at least for now, as he officially pardoned Ross Ulbricht, the controversial founder of the notorious Silk Road. The developer spent roughly a decade behind bars as he was convicted in May 2015 on seven charges and received two life sentences plus 40 years without the possibility of parole. SEC Revokes SAB 121, Paving the Way for Banks to Hold Crypto . More favorable news from the new US administration toward crypto came with a substantial change within the Securities and Exchange Commission. A new policy, called SAB 122, overturned the controversial SAB 121, which essentially blocked banks from holding crypto assets. Trump Names Uyeda and Pham as Interim SEC and CFTC Leaders . The changes within the two top US financial watchdogs – CFTC and SEC – began with the appointment of Mark Uyeda as the latter’s interim Chair and Caroline Pham to spearhead the former until permanent leaders are voted in. Trump Downplays Meme Coin Profits in First Statement After Launch . The crypto space was rocked in the past week by the launch of two official meme coins by the US President and the First Lady. The consecutive token releases during the weekend sent shockwaves throughout the market, but Trump downplayed the profits when he finally addressed the assets publicly. Here’s What CryptoQuant’s IBCI Signals for Bitcoin’s Next Move . Bitcoin went on a wild ride this week, from a brief slip below $100,000 to a new all-time high above $109,000 on inauguration day. Since then, the asset has calmed and stands a few grand from that peak. However, there are some warning signs that this bull run could come to an end soon or at least be paused for a while. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Solana – click here for the complete price analysis. The post Historic Week for the Crypto Industry as Trump Steps into Office: Your Crypto Recap appeared first on CryptoPotato .
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SEC Seeks 60-Day Delay to Resolve 2023 Lawsuit Against Winklevoss` Gemini Earn Trust
The U.S. Securities and Exchange Commission (SEC) has indicated its intention to resolve its enforcement action against Gemini Trust, a cryptocurrency exchange founded by the Winklevoss twins. In a recent filing with a New York federal court, the SEC requested a 60-day delay to explore a potential resolution to the lawsuit, which alleges that Gemini and its partner Genesis Global Capital illegally raised billions through the Gemini Earn program. The SEC initially sued Gemini in 2023, claiming violations related to this program. Both the SEC and Gemini have filed a joint motion seeking this delay to facilitate discussions on a settlement. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Potato
Ostium Launches Competitive Points Program for Trading Activity and Liquidity Provision
GEORGE TOWN, Cayman Islands, April 2, 2025 /PRNewswire/ — Ostium , the pioneering leveraged trading platform for Real World Assets, today announced the launch of its Ostium Points Program, a competitive system tracking user activity and engagement across the platform designed to help incentivize trading, referrals, and liquidity provisioning across its ecosystem. Today the platform enables users to long or short stocks, commodities, indices and currencies. The program officially launches on Monday, March 31, 2025, with an initial points distribution of 10 million points allocated retroactively to early adopters who have been active on the platform prior to the program launch. Retroactive points emphasize recognizing users on Ostium’s public Mainnet and private Mainnet, testnet, and pre-testnet phases. Visit ostium.app/points to check your points allocation. 500,000 points will be distributed weekly based on user activity. Weekly points distribution may increase and available points will be communicated at the start of each week. The program is designed to recognize early adopters while creating an engaging competitive environment for all participants. By acknowledging users who contribute to the ecosystem through their trading activity, referrals, and liquidity provision, Ostium aims to further strengthen its community of traders and liquidity providers. The Ostium Points Program features the following components: Real-time score tracking: Scores update immediately when users trade or provide liquidity. These scores are converted into points at the end of every week. Weekly conversions to points: Every Sunday at midnight UTC, accumulated scores convert to points based on relative participation levels. Score tracking then resets for the new week. Dual scoring system: The program tracks two types of scores: Trading/Referral scores and Liquidity Provision scores. While there are two score categories, they combine into a single points total. Competitive leaderboards : Users can monitor their real-time ranking against other participants in both score categories and in the global points leaderboard. Referral benefits: The program allocates 1 trading score for every 5 trading scores generated by referred users. Users who sign up with a referral code receive a 5% boost on all trading scores. Community contributions : A small portion of weekly points is optionally reserved for substantial open-source contributions to the protocol, such as critical bug reports and technical research. The Points Program represents the next phase in Ostium’s community development strategy, building on its mainnet launch that brought access to global macro markets for the first time onchain. The Ostium Points Program begins March 31, 2025, at 10:00 AM ET. Users can view their point allocations and track their scores on the platform’s interface. New points are allocated weekly on Sundays at midnight UTC. For more information about the Ostium Points Program, visit www.ostium.app/points. About Ostium Ostium is the leading leveraged trading platform for Real World Assets offering the first onchain long/short exposure to markets like the Nasdaq, Gold, and Oil. The platform enables users to trade stocks, commodities, indices and currencies. Ostium was founded by alumni from Harvard, Bridgewater, and BlackRock and is supported by top-tier investors such as General Catalyst, LocalGlobe, Susquehanna (SIG), GSR, and Alliance DAO. Note: The Ostium Points Program is designed for tracking engagement and participation. Points have no monetary value, cannot be transferred, sold, or exchanged for any consideration, and do not represent any ownership interest, investment opportunity, or any right to any future rewards. Ostium reserves the right to modify or terminate the program at any time. Crypto Potato
