KEYTAKEAWAYS
- Friday's White House Crypto Summit attendee list expands to include Crypto.com and Ripple CEOs, highlighting growing recognition of the industry's institutional importance.
- Major market movements continue with Mt. Gox transferring 12,000 BTC ($1B), while Ethena unlocked $741M in tokens, influencing broader market sentiment.
- Innovation accelerates as Coinbase revives stock tokenization plans, BioNexus adopts Ethereum as a treasury asset, and South Korea moves closer to Bitcoin ETF approval.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. White House Crypto Summit Attendee List Expands
The list of industry figures invited to Friday’s first White House Crypto Summit has grown to include Crypto.com CEO Kris Marszalek and Ripple CEO Brad Garlinghouse. Previously confirmed attendees include representatives from Chainlink and Yield Guild Games. Notably, Cardano co-founder Charles Hoskinson was not invited. Over the past 24 hours, CRO surged over 12%, ADA rose 3%, and XRP increased nearly 2%.
2. Bitwise Files for Spot Aptos ETF
Bitwise filed an S-1 registration with the SEC for a spot Aptos exchange-traded fund on Wednesday, following its initial registration in Delaware last week. This adds to Bitwise’s growing portfolio of altcoin ETF filings, which includes Dogecoin and XRP. Aptos, with a market cap of approximately $3.8 billion, ranks as the 36th largest cryptocurrency and is positioned as an efficient, scalable platform for decentralized applications.
3. Coinbase Renews Effort to Tokenize Its Stock
Coinbase is reviving plans to tokenize its own stock as part of a broader initiative to bring security tokens to the US market. The company initially attempted this in 2020 but abandoned the plan due to regulatory hurdles. CFO Alesia Haas expressed optimism about regulatory developments, stating: “I now believe that our US regulators are looking for product innovation and looking to move forward.” CEO Brian Armstrong, who will participate in Friday’s White House Crypto Summit, has highlighted that tokenized securities could enable 24/7 trading.
4. World Liberty Financial Adds $21.5M to Treasury
World Liberty Financial (WLFI), the DeFi venture associated with President Donald Trump and his family, added over $21.5 million worth of digital assets to its treasury on Wednesday. The acquisitions include 4,468 ETH ($10 million), 110.6 WBTC ($10 million), and 3.42 million MOVE tokens ($1.5 million). This comes days before the White House Crypto Summit where Trump will meet with high-profile crypto founders.
5. Mt. Gox Moves 12,000 BTC Worth $1 Billion
Bankrupt crypto exchange Mt. Gox transferred 12,000 BTC worth over $1 billion on March 6, according to Arkham Intelligence. Of this amount, 166.5 BTC ($15 million) was sent to the Mt. Gox cold wallet, while the remaining 11,834 BTC went to an unidentified wallet. Mt. Gox-linked entities currently hold 36,080 BTC worth approximately $3.26 billion. The movement comes amid high market volatility, with Bitcoin seesawing between $94,770 and $82,681 this week.
NOON NEWS
1. South Korea Moving Closer to Bitcoin ETF Decision
South Korea is approaching a decision on Bitcoin ETFs, according to local publication Maeil Business Newspaper. The government is looking to Japan as an example, with the Financial Supervisory Service examining Japan’s legislative trends toward digital assets. Kim So-young, vice chairman of South Korea’s Financial Services Commission, stated: “I have continued to say that I would carefully review (spot Bitcoin ETFs), and it is similar in the broader context.”
2. U.S. Republican Party Hosts Crypto Industry Luncheon
The U.S. Republican Party held a crypto industry luncheon with multiple crypto companies in attendance, signaling growing political engagement with the sector.
3. BioNexus Gene Lab Adopts Ethereum as Treasury Asset
Medical technology firm BioNexus Gene Lab has become the first Nasdaq-listed company to adopt Ethereum as a strategic treasury asset. The company cited Ethereum’s market-leading strengths in DeFi, its role as a settlement layer for trillions in stablecoins, and its evolving dApp ecosystem. CEO Sam Tan stated: “Ethereum offers high liquidity, utility, and stability compared to other digital assets, positioning BGLC as a leader in blockchain-integrated corporate finance.”
4. Ethena Unlocks $741M in Tokens
Ethena unlocked $741 million in tokens yesterday, transferring some to exchanges, potentially affecting market liquidity and price action.
5. Discord and Klarna in Talks for Possible 2025 IPOs
Gaming communications platform Discord and payments business Klarna are both in discussions with investment banks regarding potential IPOs in 2025. Discord, which has around 200 million monthly users, was valued at $15 billion in 2021 after a fundraising round. Klarna is aiming for a $15 billion valuation in a New York listing and could file as soon as next week, with valuation discussions expected in April.
EVENING NEWS
1. CZ Discusses AI Projects on L1 vs. L2 Blockchains
Binance founder Changpeng Zhao (CZ) shared thoughts on whether AI projects should choose L1 or L2 blockchains. He noted that while L1 offers more sovereignty and decentralization, it requires significantly more work managing nodes and validators. L2 solutions save development effort and allow projects to use existing DeFi tools without sacrificing much value to the underlying L1. CZ questioned whether sentiment on this topic has evolved in the community.
2. Stock Futures Fall as Market Correction Resumes
Dow Jones futures fell sharply early Thursday, along with S&P 500 and Nasdaq futures, as the market correction resumed its downward trend. The stock market had risen Wednesday after President Trump granted the U.S. auto industry a one-month reprieve from Canada and Mexico tariffs. AI chipmaker Marvell Technology, JD.com, and Zscaler were among the significant earnings movers.
3. Ethereum Struggles Below $2,300 as Whales Sell
Ethereum has struggled below the $2,300 mark for several days following two weeks of massive volatility. On-chain data from Glassnode shows that the number of addresses holding more than 10,000 ETH has dropped to 919 from 999 in late February, suggesting large holders have been offloading their positions. Despite selling pressure, ETH has maintained support around $2,200, indicating potential stabilization.
4. Bitwise Launches Bitcoin and Gold ETP
Asset manager Bitwise has launched an exchange-traded product tracking both Bitcoin and gold. The Bitwise Diaman Bitcoin & Gold ETP (BTCG) began trading on Euronext Paris and Amsterdam on Thursday, replicating the Diaman Bitcoin and Gold Index. The index dynamically reallocates value between BTC and gold based on Bitcoin’s risk-adjusted performance, taking advantage of cyclical trends between risk-on and risk-off behavior in financial markets.
5. Ripple Executives Propose SOL Inclusion in Strategic Reserve
Ripple Labs executives have proposed to President Trump to include SOL in the Strategic Digital Asset Reserve (SBR) to make XRP’s addition more legitimate. CEO Brad Garlinghouse emphasized the importance of industry collaboration, stating that the administration’s approach reflects a move toward diverse blockchain solutions “free from excessive maximalism.” Prediction platform Polymarket currently estimates a 29% probability of XRP appearing in the reserve, compared to 28% for SOL, 65% for Bitcoin, and 42% for Ethereum.
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