Coindesk

U.S. President Donald Trump’s intentions of establishing a national strategic reserve of solana (SOL), cardano (ADA) and XRP sent the assets rocketing as much as 60% on Sunday. Still, traders express caution until plans are more concrete.“The current upward momentum might see a correction in the short term, as investors price in the crypto reserve announcement and determine the legal viability for Trump to create the reserve,” Kevin Guo, director of HashKey Research, told CoinDesk in a Telegram message Monday. “Federal Reserve Chairman Jerome Powell previously stated that the US central bank is not allowed to hold a reserve of Bitcoin, so there are still technical hurdles in front of Trump's plans.”“The President's crypto summit may follow up with more...

U.S. President Donald Trump on Sunday said that bitcoin (BTC), ether (ETH), XRP, solana (SOL) and cardano (ADA) could comprise the promised strategic crypto reserve, sparking a sharp rally in these tokens' prices.The spot-led rally saw these tokens trade at a substantial premium on the Nasdaq-listed Coinbase exchange, a proxy for the U.S. demand, compared to the offshore giant Binance, according to data source TradingView.The so-called Coinbase premium for XRP, SOL, and ADA surged to the highest level since Feb. 3. BTC and ETH traded at slightly higher prices on Coinbase than Binance. Since early last year, Coinbase premium has been a feature of price rallies, validating the bull runs. Read more: Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve...

Bitcoin (BTC) has surged 7% in the past hour, crossing $92,000 after Donald Trump announced a crypto strategic reserve. The price is now up 15% from recent lows of $78,000. Data indicates this rally is driven by spot demand rather than speculation, signaling a healthy, organic move. Spot Cumulative Volume Delta (CVD) shows buyers as the aggressors, with over $200 million in spot inflows in the past hour. Meanwhile, futures open interest has declined, reinforcing that this surge is fueled by real buying rather than leveraged speculation.Read more: Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve News Brings Bulls BackSource link

U.S. President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be contained in a strategic crypto reserve on Sunday, providing the first details about what this reserve may look like.Not mentioned were Bitcoin (BTC) or Ethereum (ETH), the two largest digital assets by market capitalization, though Trump did not say the reserve would exclude these assets. Trump made the announcement on Truth Social, his social media platform."A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA," the post said....

The Ethereum Foundation (EF), the non-profit organization that supports the development and research of the Ethereum blockchain, shared in a blog post on Saturday that they have selected Hsiao-Wei Wang and Tomasz Stańczak as their new co-executive directors.The news follows Tuesday’s announcement of Aya Miyaguchi leaving that role to become the EF’s new president. The leadership shake-up follows intense debate among the community about the EF’s role in the ecosystem, as some have blamed the organization and its leadership for the blockchain’s token ether (ETH) price lagging behind other cryptocurrencies, while the blockchain attracted for the first time less new developers than its competitor Solana.Wang has been at the EF since 2017, where she helped do research on concepts like...