Key Insights:
The White House is scheduled to host the Crypto Summit this Friday 7 March 2025.
Key issues that could be discussed are Crypto Reserve, Policy, and Regulations.
Whales have been accumulating cryptocurrencies that are confirmed to be a part of the reserve.
The US Crypto Reserve is likely to expand in the near future with a new list expected this friday.
XRP is witnessing massive whale activity with over $5.37 billion in large transactions with at least $1 billion of confirmed accumulation. This large whale accumulation saw XRP's price rise by 5% to $2.51.
The rise was lower than other cryptocurrencies despite XRP seeing the highest whale accumulation, because during the last Sunday fall, XRP was the least to correct compared to most cryptos.
Cardano too saw massive whale activity in the last 24 hours. As per the data presented by chart analyst Ali Martinez, over 420 million ADA was accumulated from the open markets.
In the last 24 hours, ADA saw a 21% growth in its price, which reached $1 at press time.
Last weekend, Donald Trump had announced on Truth Social that the US National Digital Assets Fund, also known as the US Crypto Reserve, would include Bitcoin, Ethereum, XRP, Solana, and Cardano. The reserve was one of the key election promises made by Donald Trump in the run-up to the 2024 US Presidential elections.
Following the announcement, there was a huge rally in the crypto markets that saw Bitcoin rising by 10%, Ethereum and Solana by 20% each, XRP by 45% and Cardano by almost 60%.
However, the rally quickly dissipated as market participants took benefit of the incoming liquidity to secure their exits.
The White House is going to conduct the most important meeting in the history of crypto that will be attended by leading US crypto entrepreneurs, tech giants, and intelligentsia like Ripple CEO Brad Garlinghouse and Strategy Chairman Michael Saylor.
The meeting would be crucial in establishing a concrete crypto policy and giving directions to the crypto markets globally.
We expect the meeting agenda to revolve around US Crypto Reserve, US Crypto policy, and regulations in general.
Besides the top 5 cryptos whose named have already been made public, these following cryptocurrencies could see a place in the reserve.
Hedera is a futuristic project where blocks are not added in a linear fashion to the blockchain; it is rather added in multiple numbers at a time, similar to a tree and its branches. This technology is called Directed Acyclic Graph and is often called the next evolution of blockchain technology.
Uniswap, too, could be included in the reserve because it is the largest Decentralized Exchange with monthly volumes crossing $100 billion.
Uniswap had previously been under the fire of the SEC, which accused it of selling unregistered securities in reference to the UNI token and various LP tokens.
Litecoin already enjoys a non-security status by the US SEC, and the new leadership at SEC is unlikely to reclassify it in the future. Its blockchain is very close to the Bitcoin blockchain, which increases its possibility to serve as the future of cross-border payments alongside Ripple.
Chainlink could be a part of the US Crypto Reserve as it plays a central role in securing all blockchains, be it Ethereum, Cardano, or Solana.
Further, the Chainlink CCIP protocol has become a major provider of cross-chain asset transfers across 21 major blockchains.
Chainlink is also a major technology enabler for the RWA markets.
Algorand is the only major blockchain that has a quantum-proof blockchain and is scalable without having to rely on external solutions.
Developed at MIT by Professor Silvio Micali, Algorand is a key player in the futuristic RWA sector.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.