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    Key Developments Shaping the Market

    Yeek.ioBy Yeek.ioMarch 9, 2025No Comments3 Mins Read
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    Pi Network’s PI Listed on CoinMarketCap

    Pi Network’s PI token secured a spot on CoinMarketCap. This listing is a big achievement, boosting the project’s visibility.

    Despite this, the community still waits for Binance to list PI. Many users supported the listing in Binance’s community vote. However, the exchange has yet to make a final decision.

    The delay raises questions about the token’s future. Even so, Pi Network continues to gain traction, with over 4 million followers on X (Twitter).

    Trump Proposes US Crypto Reserve

    US President Donald Trump surprised the crypto world by proposing the creation of a US Crypto Reserve. He suggested including XRP, Cardano (ADA), and Solana (SOL) as part of the reserve.

    The proposal aims to strengthen the country’s position in blockchain technology. However, the plan received mixed reactions. Some experts see it as a positive step, while others doubt its practicality.

    Commerce Secretary Howard Lutnick later clarified that Bitcoin would receive special treatment. This statement fueled speculation that more altcoins could be added to the reserve in the future.

    US Strategic Bitcoin Reserve

    In a related move, Trump signed an executive order to create a Strategic Bitcoin Reserve. The reserve will be funded using seized BTC and may expand through budget-neutral strategies.

    While the reserve shows the government’s growing interest in crypto, some critics argue it lacks significant impact. Many believe the initiative repackages old ideas without offering new solutions.

    The reserve’s long-term success will depend on how the administration implements the plan and follows up with further actions.

    Binance Delisting Fears

    Binance placed ten altcoins under review, raising concerns about potential delistings. The decision could be due to regulatory issues or low liquidity.

    A notable case is GoPlus Security (GPS), which received a monitoring tag only days after its Binance listing. Following the announcement, GPS’s price dropped by 49%.

    The table below shows the impact of Binance’s delisting review on GPS:

    Token

    Action

    Price Impact

    GoPlus Security (GPS)

    Under Review

    -49%

    Investors are now closely watching Binance’s next moves. The uncertainty highlights the exchange’s influence on market trends.

    First White House Crypto Summit

    The White House hosted its first-ever Crypto Summit this week. The event brought together policymakers, industry leaders, and blockchain innovators.

    Discussions covered regulatory frameworks, national security, and the future of decentralized finance (DeFi). However, many are waiting to see if the summit will lead to real policy changes.

    A point of controversy was the absence of direct Ethereum representation. Despite Ethereum’s importance in the crypto ecosystem, it did not receive a dedicated platform at the summit.

    Market analysts believe projects linked to summit attendees may experience price swings in the coming days.

    This week’s crypto developments highlight how politics, regulations, and exchange decisions shape the market. The announcements from Trump, Binance’s reviews, and the White House Summit show the growing intersection between crypto and traditional institutions.

    As the market continues to respond, investors should stay informed about ongoing policy changes and exchange updates.

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