Good Morning,

Here's a quick preview of today’s content: Crypto community prepares for tomorrow’s White House event with top executives and regulators, more altcoin ETFs are being filed, Trump’s Bitcoin strategy may be revealed Friday, Bitcoin mining companies are struggling, a crypto non-profit just got a major backing to improve crypto awareness, and Thai police get their hands dirty.

Plenty of news today. Big event tomorrow. Let’s dive in.

Market Snapshot

• Bitcoin’s price action remains centered around critical levels, with $92,000 acting as a necessary threshold for upward momentum and $70,000 emerging as a key support zone

  • The initial breakout at $70,000 in November 2024 marked the start of an aggressive upward trend, followed by a rapid surge past $80,000, reinforcing bullish sentiment

  • The market has since entered a consolidation phase, with the lower bound of this range set at approximately $90,000

• The proposed crypto reserve, including BTC, Ethereum, Solana, Cardano, and XRP, triggered a short-lived rally.

  • However, concerns around the proposal and sustained geopolitical uncertainty caused the rally to retrace back to pre-announcement price levels within a day - All eyes are on Friday’s crypto summit!

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Trump’s crypto summit is tomorrow and a full list of confirmed and unconfirmed individuals attending has been posted - see full current list here

• Trump looks to unveil Bitcoin reserve strategy this week according to Commerce Secretary Howard Lutnick (BM)

• Canary Capital files for Axelar spot ETF, followed by AXL jumping 14% (TB)

• Bitwise files S-1 registration for Aptos ETF six months after ETP launch on Swiss exchanges (TB)

• Tether onboards new CFO and commits to a complete financial audit (DF)

• Developers identified issue on Sepolia testnet from Ethereum Pectra upgrade

• Animoca Brands grows digital asset advisory business by 116% YoY, advising companies like PENGU (TB)

• MFer, a degen Ethereum NFT project, secured its own animated short film (BW)

• Bitcoin mining firms are also feeling the heat of Bitcoin’s price slump (DT)

• Jump Crypto is reviving operations due to clearer regulatory outlook (BT)

• Grayscale tweaks smart contract fund portfolio to include new L1 altcoins (TM)

• Bank of Israel issues possible use case for a digital Shekel CBDC (CD)

• A lead prosecutor investigating LIBRA memecoin rugpull tied to Agrentine President is requesting to freeze $100M of related assets (DT)

Launches

• Coinbase plans to launch tokenized stock $COIN ( ▼ 2.66% ) in major move to influence on-chain trading (BN)

• Noble launches USDN stablecoin bearing 4.15% yield (BW)

• Robinhood listing of Arbitrum causes 15% spike from recent all-time low (CD)

• Blockstream will launch 3 funds, including two lending funds, in April after mulit-billion dollar raise (CD)

• Taurus, a crypto custodian, launches services in Turkey with BankPozitif collaboration (CD)

Venture Capital

• Foundation Capital raises $600M for Fund 11 backing early stage crypto, AI, and fintech startups (TB)

• The National Cryptocurrency Association scores $50M grant from Ripple (DT)

• Coral Finance raises $3M pre-seed round from KuCoin Ventures, Gate Ventures, and others (PA)

• MN Capital backs DePIN network security startup Staex (SX)

Regulation

• U.S. Senate votes to overturn the DeFi Broker Rule in pro-crypto move (BW)

• Turkish law firm is challenging the country’s ban on crypto payments (CT)

• Belarus President Lukashenko wants country to look into potential crypto mining operation (BM)

Cybersecurity

• Brendan Gunn, brother of controversial Olympic Australian breakdancer, is being charged for $113,000 crypto fraud (CD)

• 11 arrested after Thai police raided five unlicensed crypto firms (DT)

• NASCAR official X account hacked to promote crypto scam (DDF)

Extra Reads

• 4 Big Cases SEC dropped against crypto companies under Trump in one of the wildest weeks in crypto
  
  Here’s the full breakdown of each

• Tether and Circle are the two largest dollar-backed digital currency companies in the world

  A look at why both billionaire CEOs continue to viciously compete with one another

Chart of the Day

Full look at the guest list for Trumps’ Crypto Summit tomorrow

Meme Dump

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