Despite the turbulence, venture capital (VC) firms have continued to invest heavily in blockchain and crypto startups, particularly in areas such as decentralized physical infrastructure networks (DePINs), Web3 gaming, real-world asset (RWA) tokenization, and derivatives markets.
The announcement triggered a significant rally in the crypto market. XRP spiked 32% to approximately $2.80, while ADA and SOL rose over 20%, crossing the $1 and $160 marks, respectively. BTC saw a 6% increase, trading above $91,000, and ETH climbed nearly 10% to $2,400.
The White House will host its first-ever Crypto Summit on Friday, March 7, an event expected to shape the future of cryptocurrency policy in the United States. The summit is
A key factor contributing to the market's turnaround appears to be a policy shift from the White House. U.S. President Donald Trump is set to host a crypto summit on March 7, bringing together industry leaders, investors, and members of the President's Working Group on Digital Assets.
Andriunin was among 15 individuals and three companies charged in October as part of "Operation Token Mirrors," an investigation led by the Federal Bureau of Investigation (FBI) aimed at exposing fraudulent activities in the cryptocurrency market.
