Today in crypto, United States President Donald Trump announces assets to be included in strategic crypto reserve, Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction, and the Ethereum Foundation announced new leadership.
Trump discloses assets to be included in strategic reserve
United States President Trump announced several assets will be included in the US crypto reserve, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cardano’s ADA (ADA), and XRP (XRP).
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” the President wrote in a March 2 Truth Social post.
Source: Donald J. Trump
The President initially forgot to mention BTC and ETH but later amended his post, explaining that he loved these assets and that BTC and ETH would comprise the “heart of the reserve.”
Crypto markets rallied significantly following the announcement, with ADA shooting up by approximately 36%, BTC rallying to over $94,000, XRP surging by over 24%, SOL hitting $175 after falling to lows of around $125 during the recent market downturn, and ETH rallying by more than 11%.
Rising Bitcoin activity hints at market bottom, potential reversal
Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.
Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.
Bitcoin number of active addresses. Source: Glassnode
The surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post on X:
“Historically, spikes in on-chain activity have often coincided with market peaks and bottoms—driven by panic sellers exiting and opportunistic buyers.”
“While no single metric guarantees a price reversal, this surge suggests the market could be at a crucial turning point,” the post added.
In financial markets, capitulation refers to investors selling their positions in a panic, leading to a significant price decline and signaling an imminent market bottom before the start of the next uptrend.
Ethereum Foundation selects two individuals to lead organization
The Ethereum Foundation announced new leadership on March 1, appointing longtime Ethereum developer Hsiao-Wei Wang and Nethermind CEO Tomasz Stańczak as co-directors of the organization.
Wang has seven years of experience as a core researcher at the Foundation and Stańczak grew Nethermind from a small project into one of Ethereum’s largest execution clients and a global company.
According to the Ethereum Foundation’s announcement, both individuals will assume their roles as co-directors on March 17.
Wang pictured left and Stańczak pictured right. Source: The Ethereum Foundation
“This marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” spokespeople for the Foundation added.
The change comes during a challenging time for the Ethereum ecosystem and struggling Ether (ETH) prices as investors and the Ethereum community call for a change in direction.
