President Donald Trump Signs More Executive Orders

David Sacks, President Donald Trump’s “AI and Crypto Czar,” speaks to Trump about crypto, probably

Who’s going to the crypto summit in DC as rumors swirl

Big hopes for the Friday White House event are leading to big guesses, but here’s what we know.

3/5/25 2:28PM

The White House is hosting its inaugural “Crypto Summit” Friday, and gossip is spreading about this exclusive affair with reportedly only 25 attendees. Right now there are a lot of rumors swirling, like President Trump cutting capital gains to 0% “for crypto held over a year,” but little to back them up.

The biggest question is whether Trump will lay out details on the national strategic cryptocurrency reserve and if it will contain more than bitcoin, as he announced last weekend. One outlet reported that Commerce Secretary Howard Lutnick said the model will be announced on Friday, but there have been no corroborating reports on this.

The meeting will be chaired by Trump’s “Crypto Czar” David Sacks, and we do have some details about who will sit at the table with him.

People who have RSVP’d yes:

Strategy CEO Michael Saylor, the maxiest of bitcoin maxis, confirmed on X that he was invited.
Ripple’s Brad Garlinghouse also confirmed his attendance, saying that “maximalism is the enemy of the industry’s progress,” seemingly snubbing bitcoin purists.
Cofounder of the Trump-linked crypto project World Liberty Financial, Zach Witkoff, said he has a chair there.

Others who are on the invite list:

Coinbase CEO Brian Armstrong
Kraken CEO Arjun Sethi
Chainlink cofounder Sergey Nazarov
Paradigm’s Matt Huang
Multicoin Capital’s Kyle Samani
Exodus CEO JP Richardson

Vaguebooking it:

Robinhood’s Vlad Tenev said, “See you soon, DC,” in a post yesterday hinting he may be in attendance.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)

Beyond the potential announcements, many hope the summit will be a turning point for the industry.

Ben James, founder of web3 platform 404, said that what truly matters is the broader regulatory approach — clear, innovation-friendly frameworks.

“These will be key to unlocking the full potential of blockchain technology, fostering sustainable growth, and positioning crypto as a cornerstone of the future digital economy,” James said.

Sage D. Young3/20/26

Altcoin trading activity has lost its mojo

Non-bitcoin cryptocurrencies have seen their trading volume plummet in the past five months. The combined trading volume of ethereum, XRP, solana, dogecoin, SUI, and chainlink has decreased by 60% since crypto’s October 10 liquidation event, according to Thomas Probst, a research analyst at crypto markets data provider Kaiko.

Main Altcoins Trading Volume in USD — The trading volume of ETH, SOL, XRP, DOGE, SUI, and LINK.

For all altcoins, spot trading volume on Binance has declined between 80% and 85% to $7.7 billion, while altcoin volume on other exchanges has dropped to $18.8 billion, down from a range of $63 billion to $91 billion in October, a Friday report from Decrypt found, citing data from CryptoQuant.

“This trend may be explained by a contraction in market liquidity over the same period,” Probst told Sherwood News. “This phenomenon is also reflected in the average 1% market depth, which stood at approximately $2.6 million before the October 10 crash and is now closer to $1.7 million when aggregated across ETH, XRP, SOL, SUI, and LINK.”

Market depth is used by investors and traders to gauge the scale of liquidity in a market. 1% market depth refers to the amount of liquidity needed to move the market by 1%.

CoinGlass’s Altcoin Season Index, a measure to assess the performance of non-bitcoin cryptocurrencies, has been sitting above 50 this week, suggesting that the current market is neither in a bitcoin dominant phase nor an altcoin season.

“Triple witching” day may put further pressure on bitcoin’s price

This is not “a favorable environment for risk assets.”

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3/19/26

Hyperliquid is the “1,000 pound gorilla in the room” leading year-to-date market gains amid conflict in the Middle East

While the crypto industry has shed $564.3 billion in 2026, Hyperliquid’s native token has bucked the downtrend and jumped 54.8% year to date.

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Bitcoin tumbles as oil and gas prices spike and the market’s mood turns risk-off

Bitcoin ETFs reverted to outflows and bitcoin suffered $192 million in liquidations in the past 24 hours.

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Payward, parent company of crypto exchange Kraken, puts plans for IPO on hold

Payward, crypto exchange Kraken’s parent company, has paused its plans for an initial public offering until market conditions improve, according to a report from CoinDesk that cited two people with knowledge of the matter.

Since the firm announced in November its preparation for an IPO of its common stock, the total market capitalization of the crypto industry has shed around $652.2 billion, from $3.2 trillion to $2.5 trillion as of Wednesday, data from CoinGecko shows.

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions.

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold