As of March 20, 2025, here are the latest developments in the cryptocurrency landscape:
Bitcoin Approaches $86,000 Amid Positive Market Sentiment
Bitcoin's price surged to nearly $86,000 following the U.S. Federal Reserve's recent rate decision, which bolstered investor confidence. This uptick aligns with the broader cryptocurrency market's positive response to regulatory developments and new investment products.
President Trump to Unveil Cryptocurrency Policies at Digital Asset Summit
President Donald Trump is scheduled to announce new cryptocurrency policies at the upcoming Digital Asset Summit in New York. This marks a significant milestone, as it's the first time a sitting U.S. president will address a cryptocurrency industry conference, underscoring the administration's focus on digital assets.
Ripple Labs Reports SEC's Withdrawal of Appeal in XRP Case
Ripple Labs announced that the U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal concerning a court ruling that determined XRP tokens sold on public exchanges do not qualify as securities. This development is seen as a victory for Ripple and may influence the regulatory landscape for other cryptocurrencies.
Canary Capital Proposes Sui Cryptocurrency ETF
Canary Capital Group has filed for an exchange-traded fund (ETF) linked to the spot price of Sui, a cryptocurrency from the Sui Network. This filing adds to the firm's six pending cryptocurrency ETFs with the SEC, reflecting optimism for regulatory approval under the current administration.
North Korea Emerges as Third-Largest Bitcoin Holder
Reports indicate that North Korea has become the third-largest holder of Bitcoin globally, following significant cyber-heists attributed to the Lazarus Group. The stolen assets are believed to fund the nation's nuclear and missile programs, raising international security concerns.
