Latest Developments from the U.S. White House Cryptocurrency Summit:

&Meeting Basic Information: The U.S. White House will hold its first cryptocurrency summit on March 7, 2025, from 1:30 PM to 5:30 PM local time, which corresponds to March 8, 2025, from 2:30 AM to 6:30 AM Beijing time.

&Participants: The summit will feature a wide range of representatives from various sectors, including President Trump, senior government officials like David Sachs and Bo Hines, as well as key industry leaders such as MicroStrategy Executive Chairman Michael Saylor, Ripple CEO Brad Garlinghouse, Paradigm's Matt Huang, Bitcoin Magazine's David Bailey, and Exodus CEO JP Richardson, among others.

&Core Topics: The summit is expected to cover several key topics shaping the current cryptocurrency industry landscape, including establishing a clear and supportive regulatory framework, discussing stablecoin regulation, focusing on Trump's "Cryptocurrency Strategic Reserve" plan, and a digital asset working group is expected to release findings and recommendations on market structure, regulatory oversight, and investor protection.

&Market Impact Expectations:

Bitcoin, as the core asset of the strategic reserve, may gain more legitimacy due to government support, with prices expected to rise by 10%-20%.

Ethereum may benefit from the strategic reserve plan, with market legitimacy and market capitalization expected to grow; Ripple's CEO believes a clearer regulatory framework for stablecoins is favorable for XRP.

If Solana and Cardano are included in the strategic reserve, their prices may rise in the short term; if the summit leads to a good regulatory framework for stablecoins like USDT and USDC, market stability will be enhanced, potentially attracting more institutional funds.