8 hours ago

Trump Announces US Crypto Reserve with XRP, Solana, and Cardano

President Donald Trump has unveiled plans for a US Crypto Strategic Reserve, which will include XRP, Solana (SOL), and Cardano (ADA). This announcement follows Trump’s Executive Order 14178, which directed the establishment of a national framework for digital assets, particularly focusing on "US-made cryptocurrencies." The new reserve aims to boost the digital asset industry, positioning the US as a leader in crypto markets, especially after years of criticism against the cryptocurrency industry under the Biden administration. Trump expressed that this initiative will help elevate the crypto sector and protect it from what he described as "corrupt attacks." According to Trump’s statement, this new reserve will be the foundation for US-held cryptocurrency assets, deviating from earlier expectations that Bitcoin would be the primary asset. The reserve will now include XRP, Solana, and Cardano as part of a broader strategy to encourage blockchain adoption in the United States. This decision marks a significant shift, with the president framing this as a necessary step to ensure the US stays ahead in global crypto innovation. In response to the announcement, markets reacted swiftly. XRP saw a sharp increase in value, while Cardano and Solana also experienced notable surges. The price movements indicate strong investor interest in these assets following the announcement, with some analysts attributing the rally to the newfound legitimacy granted to these tokens by Trump’s endorsement. Solana, which had been facing increased selling pressure due to network controversies, has entered a new bullish phase with the announcement of the US crypto reserve. Additionally, the general ‘Made in US’ crypto market has experienced growth, signaling optimism surrounding the future of the sector. Experts suggest that Trump’s announcement could pave the way for significant legislative changes, including potential tax reforms and regulatory adjustments that favor the crypto space. These changes may help stabilize the market and encourage further adoption of blockchain technologies in the country. The Presidential Working Group, led by David Sacks , is expected to release further recommendations on the national crypto reserve in the upcoming months, which could shape the future of crypto policy in the US. This announcement has clearly sparked renewed confidence in the crypto market, especially for assets like XRP, SOL, and ADA. However, it remains to be seen how the reserve will evolve and whether it will influence future decisions regarding the use and regulation of cryptocurrencies.

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Bitcoin’s Potential Surge Linked to Trump’s Proposed US Crypto Reserve Plans

The recent surge in Bitcoin’s value is largely attributed to President Trump’s ambitious vision for a “US Crypto Reserve,” integrating major cryptocurrencies. This announcement has not only revived interest in Coinpaprika

Bybit Unleashes Futures Bot Clash with a 100,000 USDT Prize Pool

Dubai, UAE, March 3rd, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is launching the Futures Bot Clash – a high-stakes showdown where strategy meets automation. With a prize pool of up to 100,000 USDT, participants will battle it out using Bybit’s powerful Futures trading bots, aiming for the top of the leaderboard. The Battle of the Bots Begins Set to run from Feb. 28 to March 31, 2025 , the competition offers traders a chance to put their bot strategies to the test in a contest of skill and precision. Participants will join one of three Futures Bot Squads – Futures Combo, Futures Martingale, or Futures Grid – and compete across multiple leaderboards to maximize their earnings. The event features two squad leaderboards and one individual leaderboard , with top traders rewarded based on performance. Additionally, traders can participate in the Predict & Win segment, where 1,000 lucky voters will share in a portion of the 5% Prediction Pool by correctly forecasting the winning squad. Prize Pool Breakdown The 100,000 USDT prize pool will be distributed among different categories: Squad Rankings (70%) – The best-performing squad claims 40% of the total pool, with 20% and 10% allocated to the second and third place, respectively. Top Traders by Volume (25%) – The most active traders will receive a share of the rewards based on their trading volume. Predict & Win (5%) – Traders who correctly predict the champion squad will split this portion of the prize pool. To be eligible for rewards, participants must meet a minimum Futures trading volume of $10,000 and maintain an account balance of at least 1,000 USDT throughout the competition. Raising the Stakes The total prize pool will scale based on overall trading volume. The minimum pool of 50,000 USDT will be unlocked once the combined trading volume reaches $800 million , increasing to the full 100,000 USDT as milestones up to $1.5 billion are met. “Bybit’s Futures Bot Clash is a game-changer for automated trading enthusiasts. It offers a unique opportunity for users to test their bot strategies in a competitive setting, while also rewarding top traders and smart forecasters,” said Joan Han, Sales and Marketing Director at Bybit . “With the potential to win a share of 100,000 USDT, traders have every reason to bring their A-game.” Bybit continues to innovate in the crypto trading landscape, providing users with cutting-edge tools to optimize their trading strategies. The Futures Bot Clash offers a competitive environment, where the sharpest traders and most effective bots will rise to the top. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Head of PR Tony Au Bybit media@bybit.com Coinpaprika