March 7, 2025
Macro/TradFi
Cryptocurrency prices rose on Sunday after President Trump announced on Truth Social plans for the U.S. strategic reserve of BTC, ETH, SOL, ADA, and XRP.
By Tuesday, gains were wiped out after a flare-up in the trade war as Trump's import tariffs for Canada, Mexico, and China went into effect.
Canadian Prime Minister Justin Trudeau announced the immediate imposition of 25% tariffs on $30 billion of U.S. imports with an additional $125 billion if Trump's tariffs remain in effect after 21 days.
In response, China imposed 10-15% tariffs on certain U.S. imports starting March 10 and introduced new export restrictions on specific U.S. companies.
On Thursday, Trump signed an executive order to create a strategic reserve of Bitcoin and U.S. digital asset stocks ahead of a cryptocurrency summit at the White House scheduled for later on Friday.
Japanese company Metaplanet buys an additional 497 BTC, bringing their total to 2888.
Pobit is filing an S-1 document with the SEC to launch an ETF for Aptos.
Coinbase is exploring the launch of a tokenized version of $COIN shares, hinting at a shift to trading shares on-chain.
Crypto
L1/L2:
The Solana community is discussing SIMD-228, a proposal to change the tokenomics with a dynamic, market-driven issuance model for SOL tokens.
Celo, a blockchain that allows mobile device users to access the global financial ecosystem simply by phone number, will transition to the Ethereum Layer 2 network on March 26.
The BOB Layer 2 network is integrating with Fireblocks, providing over 2000 Fireblocks users access to its $250 million DeFi ecosystem and generating returns from their BTC assets.
DeFi:
Aave DAO proposed a major 'Aavenomics upgrade' that could increase the value of AAVE tokens and reward users.
Bitwise is making its first institutional DeFi transition through Maple Finance, gaining access to online lending while maintaining regulatory compliance.