Here are the top cryptocurrency headlines for March 19, 2025:
U.S. Crypto Policy DynamicsTrump's Support for Crypto: On March 7, the White House hosted a cryptocurrency summit. Trump stated that the federal government will support the development of the cryptocurrency and digital asset market and signed an executive order to establish a strategic Bitcoin reserve.ECB Warning on Risks: François Villeroy de Galhau, a member of the ECB Executive Board, warned that the U.S. support for cryptocurrencies could trigger the next financial crisis.Market DynamicsCrypto Market Volatility: On March 10, Bitcoin continued to decline, falling below 80,000 at one point, with a 24-hour drop of over 6%. Other virtual currencies also plummeted, leading to a large number of investors being liquidated.Institutional Positioning: From March 10 to 16, STRATEGY purchased 130 Bitcoin, with an average value of 82,981, totaling10.7 million.Regulation and ComplianceBank of Korea's Stance: The Bank of Korea responded by stating that it has never considered adding Bitcoin to its foreign exchange reserves, as Bitcoin does not meet the standards set by the International Monetary Fund for foreign exchange reserves.Changes in U.S. Regulatory Environment: The U.S. Securities and Exchange Commission has abolished the SAB 121 rule. The Commodity Futures Trading Commission will be led by crypto advocate Brian Quintenz, and Congress is expected to pass a stablecoin bill.Industry DynamicsTelegram Founder's Movement: Telegram founder Pavel Durov, who stayed in France for several months, has returned to Dubai. The case involving him is still ongoing.Staking Scam Alert: There are reports of unofficial cryptocurrency staking scams in the crypto space, warning investors to be wary of high-yield traps.