NiftyNoon: Was the First White House Crypto Summit a Disappointment? 🏛️🟠📆

White House Crypto Summit Reaffirms US Support, Highlights Stablecoin Regulation as Key Opportunity (March 10, 2025)

Nifty Thought:

The first White House Crypto Summit has concluded. While nothing groundbreaking was shared at the event due to news of the strategic Bitcoin reserve being announced ahead of the summit, it overall reaffirmed the US government’s commitment to supporting crypto as an industry. In particular, the focus on providing regulatory clarity for stablecoins was emphasized as a huge potential opportunity for crypto as a whole and could open the door for widespread decentralized remittance of funds. Despite the rumors, there were no announcements regarding capital gains tax exemptions for cryptocurrencies. Although the event did not make any groundbreaking announcements, it was certainly the right step in the right direction as the US attempts to regain its footing as the crypto capital of the world.

Highlighted News:

• 🇺🇸 Crypto Making America Great Again:

  

  https://x.com/whitehouse/status/1898149470564413848?s=46

• 📣 Summary of the White House Crypto Summit:

  

  https://x.com/dom_kwok/status/1898122100130693378

• 📜 US Banks can now - Be validators on public networks, Custody crypto for customers, Hold Stable Coin:

  

  https://x.com/martypartymusic/status/1898177969585078504

• 📈 Tokenized @coinbase $COIN stock on @base available now:

  

  https://x.com/backedfi/status/1898024225257963665?s=46

Project and Community News:

• Wallets belonging to Nucleus Marketplace woke up this morning after 9 years of inactivity, transferring $77.5M worth of Bitcoin to 3 new wallets: https://x.com/arkham/status/1898048414488904123?s=46

• @saylor shared this today at the White House Digital Assets Summit: https://x.com/saylor/status/1898136271131758895?s=46

• Jason Calacanis suggests that there be a small crypto tax on every single crypto transaction as a way of adding to the Bitcoin Strategic Reserve and is immediately shut down by David Sacks: https://x.com/autismcapital/status/1898217812864450570?s=46

• Armstrong says Coinbase is planning to hire 1,000 people this year in the U.S. “directly as a result of this regulatory clarity and leadership from President Trump”: https://x.com/EleanorTerrett/status/1898138156869861826

• @BitwiseInvest has filed an S-1 with the U.S. Securities and Exchange Commission to register a potential Aptos ETF: https://x.com/aptos/status/1897393051158634604?s=46

• Circle has minted 9.5B $USDC on Solana since Jan 1, 2025: https://x.com/lookonchain/status/1898044824466735450?s=46

• $PENGU is now tradable on @RobinhoodAppEU: https://x.com/pudgypenguins/status/1898012079413416059?s=46

• Jupiter 2030 - Breaking Down the Numbers: https://x.com/lochiejarvis201/status/1898220649564586121?s=46

• Binance has seized revenues to compensate users who suffered losses on the $GPS and $SHELL: https://x.com/langeriuseth/status/1898677973462520031

• Sui is integrating WebAuthn-based passkeys on Testnet to make blockchain interactions as simple & secure as logging into your favorite app: https://x.com/SuiNetwork/status/1898438073538822646

• The ARC Litepaper just published and the $ARC token is up 5% already: https://x.com/s4mmyeth/status/1898123615763415182?s=46

• Retail is aping into $GROKCOIN… but they’re not alone: https://x.com/nansen_ai/status/1897941309958287801?s=46

• $MYR will be adopted by @MyriadMarkets, @DecryptMedia, @RugRadio, @LuckyTraderHQ and @DegenzNFT in 2025: https://x.com/MyriadFND/status/1898448725258686536

• $WOOF is now live: https://x.com/wolvesdao/status/1898026428563636236?s=46

• @animocabrands acquired 2% of the $WOOF supply in a strategic sale: https://x.com/wolvesdao/status/1898049308613902487?s=46

• March 11, $BMT: https://x.com/bubblemaps/status/1898342960464343339

• @JustDeauIt on seeing misleading analysis about "Solana fees outpacing Ethereum": https://x.com/justdeauit/status/1897738533328363990?s=46

• A forfeiture complaint filed yesterday revealed the ~$150M (283M XRP) hack of Ripple co-founder @chrislarsensf's wallet in Jan 2024 was the result of storing keys in LastPass (compromised in 2022): https://x.com/lopp/status/1898027583863710200

• intern notes on the White House Crypto Summit: https://x.com/intern/status/1898120332768129266

• Punk 364 bought for 160 ETH ($341,987.19 USD) by 0x8da009 from 0xb0dafc: https://x.com/cryptopunksbot/status/1898170971132920050

Quick Stats:

• 👾 Blur ETH Daily Volume: 1,063 ETH (▲ 169.65%)

• 🌊 OpenSea ETH Daily Volume: 958 ETH (▲ 48.25%)

• 🟠 BTC : $82,301.37 (▼ 3.08%)

• 🔷 ETH: $2,105.31 (▼ 1.51%)

• 🟣 Solana: $128.01 (▼ 6.16%)

• 🟪 Polygon: $0.23 (▼ 4.31%)

Top NFT Sales:

• CryptoPunks #638: 76.00 ETH

• CryptoPunks #3296: 50.00 ETH

• CryptoPunks #1031: 43.00 ETH

NFT Daily Winners:

• NA

NFT Daily Losers:

• 🚬 CryptoPunks: 38.44 ETH (▼ 0.03%)

• ⛩ Azuki: 2.60 ETH (▼ 0.24%)

• 🐱 Quantum Cats: 0.19 BTC (▼ 0.52%)

• 😡 Mad Lads: 48.50 SOL (▼ 1.02%)

• 🐵 NodeMonkes: 0.04 BTC (▼ 1.19%)

• 👾 Tensorians: 3.92 SOL (▼ 1.75%)

• 🦧 Bored Ape Yacht Club: 13.15 ETH (▼ 2.45%)

• 💼 Ordinal Maxi Biz: 0.03 BTC (▼ 3.02%)

• 🐧 Pudgy Penguins: 9.25 ETH (▼ 3.14%)

• 🍭 Mocaverse: 1.94 ETH (▼ 3.15%)

• 👩🏻 Milady Maker: 3.35 ETH (▼ 4.03%)

• 🧦 Bitcoin Puppets: 0.04 BTC (▼ 5.91%)

• 🏴‍☠ Captainz: 0.72 ETH (▼ 7.36%)

• 🏳‍🌈 Chromie Squiggles: 3.95 ETH (▼ 7.49%)

Notes:

• If you find quick daily crypto updates helpful, please feel free to subscribe:

• The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

• Managed by @AxuETH, @Miinted, @drethernik, @SpeedyGonzale87 and @SSPxLEO