BTC eyes White House summit for direction

Market overview

• On March 7, a crypto summit will be held at the White House, where US President Donald Trump is expected to announce plans to include BTC and selected digital assets in the US strategic reserves. The anticipation has driven a rebound in US-themed tokens including the ADA, XRP, LINK, and TRUMP.
• The overall performance has been strong among the assets most likely included in strategic reserves, the BTC, ETH, and SOL. If officially adopted, these cryptocurrencies could see annual inflows of tens of billions of dollars, providing long-term bullish momentum and increasing BTC’s adoption among institutional investors and financial advisors.
• BTC continues to rebound, primarily supported by a stabilization in US equities. The market is gradually digesting the potential impact of Trump’s tariff policies, while the US Dollar Index has fallen from its recent high of 110 to 104. Meanwhile, Hong Kong and A-shares markets are showing a clear upward trend. The upcoming crypto summit has also created a favorable environment for BTC’s recent rally.
• On March 5, ADP employment data showed that private-sector jobs increased by just 77,000 in February, the smallest gain since July 2024. This strengthens expectations for interest rate cuts, which is a positive macroeconomic factor for BTC’s upward momentum.
• BTC’s key resistance zone lies between $93,000 and $98,000, where heavy trading activity has been concentrated. Breaking above this level in the short term could be difficult—unless a major bullish catalyst is announced.
• As the crypto summit approaches, BTC may rally toward $93,000 in anticipation of further bullish developments. If no updates on cryptocurrency policy developments are mentioned, the $85,000-$87,000 range will serve as a strong support zone.

Key events

• Cointelegraph has reported that medical technology company BioNexus Gene Lab board has approved an ETH-centric financial reserve strategy.
• According to Ember monitoring, the Donald Trump family's crypto project, World Liberty Financial (WLFI), has invested a total of $336 million in purchasing nine tokens—ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI—resulting in an unrealized loss of approximately $88 million, assuming none of the assets have been sold.
• Real-time blockchain MegaETH has tweeted that the project will not provide airdrop rewards to users who participate in the public testnet. 
• Blockchain network Elixir has launched its ELX airdrop eligibility check portal and announced its tokenomics.
• Bitwise has filed an S-1 registration with the US SEC to launch an Aptos (APT) ETF.
• Chicago trading company Jump Trading is restoring its US cryptocurrency business to full operational status after a period of reduced presence due to regulatory uncertainty.
• Decentralized finance (DeFi) protocol Pendle will launch a community listing mechanism, with the first liquidity pool asset being sUSDX.
• Cryptocurrency company Ripple has established the US National Cryptocurrency Association (NCA) with a $50 million grant, and its Chief Legal Officer, Stuart Alderoty, will serve as the association's President.
• DeFi oracle RedStone has launched an airdrop query page, with claims now open.
• L1 intellectual property blockchain Story has tweeted that it has started distributing staking rewards, using a time-weighted staking model to incentivize long-term contributors.
• Tether's CEO Paolo Ardoino has revealed the new logo for Tether's Bitcoin mining operating system, known as 'Mining OS.' 
• US Commerce Secretary Howard Lutnick has confirmed that the Donald Trump administration will unveil plans for a strategic Bitcoin reserve at the White House Crypto Summit on March 7.
• Japanese public company Metaplanet has acquired 497 more BTC, bringing its total holdings to 2,888 BTC.
• Unchained reported that Berachain co-founder Smokey the Bera has regretted selling too many tokens to VCs and are working to buy back tokens from the seed and Series A rounds.
• Optimism ecosystem DEX and liquidity protocol Velodrome has launched on layer 2 network Unichain.

Hot projects

Token		Description	Market Cap（$）
	DIONE Musk concept L1	Dione is a layer 1 blockchain designed to enable renewable energy trading. It has two main objectives: reducing the carbon footprint of the global energy sector and empowering retail consumers to become prosumers, allowing them to manage and operate their own energy businesses.	27.46 million
	REZ Recent strong rebound	Renzo is a restaking protocol built on EigenLayer. It simplifies the complex process of restaking for end users, removing the need for stakers to actively manage operator selection and reward strategies. ezETH, Renzo’s liquid restaking token, automatically accrues rewards while ensuring liquidity. ezETH allows users to participate in DeFi while retaining restaking rewards. Recently, Renzo announced that its token will be listed on Coinbase.	44.6 million
	ONDO US concept	Ondo Finance is a decentralized institutional-grade financial protocol that leverages blockchain technology to provide institutional-level financial products and services. It aims to build an open, permissionless, and decentralized investment bank.	375 million

BTC ecosystem overview

• BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (due to low activity) ⚡.
• Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

1. ORDI: $10.85 (+0.39%)
2. DOG: $0.0020 (+6.04%)
3. FB: $0.89 (+2.75%)

Exchange updates

• Coinbase will list Renzo (REZ) on March 7, and according to Fox, its CEO Brian Armstrong will attend the US White House Crypto Summit.
• Circle, the issuer of USDC, has announced on X that native USDC will launch on Linea, a zkEVM L2 blockchain.
• US retail trading platform Robinhood has listed the ETH layer 2 Arbitrum (ARB). 
• Binance has ended the pre-market trading for RedStone (RED) and launched spot trading for pairs RED/BTC, RED/USDT, RED/USDC, RED/FDUSD, and RED/TRY.
• Bitget has listed the RedStone (RED) token and launched a trading exclusive event with a prize pool covering USDT and Xiaomi SU7 Ultra, while Bitget Wallet has introduced AI token analysis to assist users in making informed trading decisions; additionally, Bitget PoolX and Candy Bomb will launch Mint Blockchain (MINT) on March 7.
• Bithumb has listed the PLUME/KRW and COW/KRW trading pairs.

Industry landscape

• Startup DoubleZero Foundation has raised $28 million, co-led by Dragonfly and Multicoin Capital.
• Ethereum Foundation has announced that the 2025 Ethereum Devconnect will be held in Buenos Aires, Argentina in November.
• Solana will host the Accelerate 2025 summit in New York, USA on May 22.
• According to Russia's state-owned news agency TASS, the Russian Ministry of Finance, and the Central Bank are discussing the launch of local cryptocurrency trading under an experimental legal framework, which is limited to "super-qualified" investors. 
• Distributed intelligent component protocol Endless Web3 Genesis Cloud has completed a $110 million funding round, led by Foresight Ventures.

Emerging projects

Token	WILDNOUT	39a	Butthole
Description	A celebrity memecoin on Solana, issued for Nick Cannon, an American actor, rapper, and TV host with 4.42 million Twitter followers.	A utility token on Solana, allowing users to quickly create their own websites using 39a. The goal is to help developers complete basic token information more efficiently and easily when creating on Pump.fun. This project was recently retweeted by Toly.	A memecoin on Solana, similar in concept to Fartcoin, but it emphasizes that "without a butt, you can't fart," implying that this coin can actually surpass Fartcoin.
Price	$0.006540	$0.001877	$0.01903
Market Cap（$）	6.54 million	1.87 million	19.03 million
Token Holders	16,488	3,157	35,292

Token	NNN	PHAR	EAGLE
Description	A high-performance gaming blockchain built on Base using chain abstraction technology. Recently launched a token, with core functions including serving as Gas Fee, validator rewards, ecosystem governance, and staking.	A DEX token on AVAX, utilizing concentrated liquidity management and the ve(3,3) model.	A memecoin on Solana, themed around a zoo concept. The two eagles in the image are Jackie and Shadow, who live in Big Bear Valley. Their nest is equipped with a live stream, attracting significant attention.
Price	$0.04707	$990.46	$0.001588
Market Cap（$）	94.1 million	18.1 million	1.58 million
Token Holders	1,713	7,462	2,912

Other opportunities

On-chain DeFi mining yield products:

Project Name	Ethena（Blockchain：Ethereum） ←→ Token： USDe
Project Details	Ethena USD Yield: This pool generates yield for staked USDe, supported by a delta-neutral position that balances a basket of staked ETH derivatives with ETH short positions on centralized exchanges. The yield is achieved through a combination of native ETH staking rewards and positive funding rates paid to short positions.
Participation Method	Participate in Ethena USD Yield from the Ethena official website.
Project Information	Ethena: A synthetic dollar protocol based on Ethereum, as well as an sUSDe (network bond). Ethena’s synthetic dollar, USDe, achieves delta hedging by using perpetual futures contracts against spot assets like Bitcoin, Ethereum, and Solana.
Earnings Details	Staked currency: USDe Exit cycle: T+7 Annualized interest rate: 10.69% (continuously fluctuating, yield paid in sUSDe) Algorithm: Weekly compounding
Product Data	Token: USDe Total token deposits: 3.007B Liquidity: $3B 30-day yield: 7.76% Current gas fee: $0.11
Exchange	Bybit: Liquidity: -- | 24h Trading volume: $9.74M OKX: Liquidity: $18.42M | 24h Trading volume: $49.39M Bitget: Liquidity: -- | 24h Trading volume: $1.96M

Risk: Investors should proceed with caution and conduct their own research.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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