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Trump to speak at Digital Asset Summit: Report
United States President Donald Trump will reportedly speak at Blockworks’ Digital Asset Summit in New York on March 20, Blockworks said.
His speech will mark the first time a sitting US president has ever spoken at a cryptocurrency conference, Blockworks said in a March 19 announcement.
Trump’s presence at the event underscores his embrace of an industry that, under former US president Joe Biden, was the target of more than 100 enforcement actions by federal regulators.
“When we started Blockworks we could barely get someone from a bank to attend an event,” Jason Yanowitz, one of Blockworks co-founders, said in a March 19 post on the X platform.
“Now we have a sitting US President addressing […] 2,500 institutional participants. It is incredible how far this industry has come,” Yanowitz said.
Blockworks reportedly confirmed Trump will address attendees via a video recording at 10:40 am, Fox Business reporter Eleanor Terrett said in an X post.
Source: Jason Yanowitz
Related: SEC will drop its appeal against Ripple, CEO Garlinghouse says
Changing political fortunes
During his 2024 presidential campaign, Trump spoke at the Bitcoin 2024 conference in Nashville, Tennessee, where he promised to make America the “world’s crypto capital” and hinted at plans to form a national Bitcoin (BTC) reserve.
Since starting his presidential term on Jan. 20, Trump has signed executive orders instructing regulatory bodies to accommodate digital assets, forming a White House crypto advisory team, and creating a US Strategic Bitcoin Reserve and Digital Asset Stockpile.
He has also nominated pro-industry leadership to key regulatory posts, including at the US Securities and Exchange Commission (SEC) and Treasury Department.
Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, spoke at the Digital Asset Summit earlier this week.
On March 19, Brad Garlinghouse, CEO of Ripple Labs, announced the SEC was dropping its years-long enforcement action against the blockchain developer while at the Summit.
Since Trump took office, the agency has also dropped charges against other crypto firms — including Coinbase, Kraken and Uniswap — for allegedly violating securities laws.
Blockworks did not specify the topics Trump planned to cover during his speech, which it said would take place Thursday morning.
Representatives of the White House and Hines did not immediately reply to Cointelegraph’s request for comment.
Crypto industry executives told Cointelegraph in March they are hoping Trump will provide more detailed regulatory clarity on topics such as stablecoin regulation and taxes.
Magazine: Unstablecoins: Depegging, bank runs and other risks loom
Darkweb threat actors claim to have hundreds of thousands of user records — including names, passwords and location data — of Gemini and Binance users, putting the apparent lists up for sale on the internet. The Dark Web Informer, a Darkweb cyber news site, said in a March 27 blog post that the latest sale is from a threat actor operating under the handle AKM69, who purportedly has an extensive list of private user information from users of crypto exchange Gemini. “The database for sale reportedly includes 100,000 records, each containing full names, emails, phone numbers, and location data of individuals from the United States and a few entries from Singapore and the UK,” the Dark Web Informer said. Source: Dark Web Informer “The threat actor categorized the listing as part of a broader campaign of selling consumer data for crypto-related marketing, fraud, or recovery targeting.” Gemini didn’t immediately respond to Cointelegraph’s request for comment. A day earlier, Dark Web Informer said another user, kiki88888, was offering to sell Binance emails and passwords, with the compromised data reportedly containing 132,744 lines of information. Source: Dark Web Informer Speaking to Cointelegraph, Binance said the information on the dark web is not the result of a data leak from the exchange. Instead, it was a hacker who collected data by compromising browser sessions on infected computers using malware. In a follow-up post, the Dark Web Informer also alluded to the data theft being a result of user’s tech being comprised rather than a leak from Binance, saying, “Some of you really need to stop clicking random stuff.” Source: Dark Web Informer In a similar situation last September, a hacker under the handle FireBear claimed to have a database with 12.8 million records stolen from Binance, with data including last names, first names, email addresses, phone numbers, birthdays and residential addresses, according to reports at the time. Binance denied the claims, dismissing the hacker’s claim to have sensitive user data as false after an internal investigation from their security team. Related: Binance claims code leak on GitHub is ‘outdated,’ poses minor risk This isn’t the first cyber threat targeting users of major crypto exchanges this month. Australian federal police said on March 21 they had to alert 130 people of a message scam aimed at crypto users that spoofed the same “sender ID” as legitimate crypto exchanges, such as Binance. Another similar string of scam messages reported by X users on March 14 spoofed Coinbase and Gemini attempting to trick users into setting up a new wallet using pre-generated recovery phrases controlled by the fraudsters. Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis Bitcoin (BTC) investors are preparing for the record-breaking $16.5 billion monthly options expiry on March 28. However, the actual market impact is expected to be more limited, as BTC’s drop below $90,000 caught investors off guard and invalidated many bullish positions. This shift gives Bitcoin bears a crucial opportunity to escape a potential $3 billion loss, a factor that could significantly influence market dynamics in the coming weeks. Bitcoin options open interest for March 28, USD. Source: Laevitas.ch Currently, the total open interest for call (buy) options stands at $10.5 billion, while put (sell) options lag at $6 billion. However, $7.6 billion of these calls are set at $92,000 or higher, meaning Bitcoin would need a 6.4% gain from its current price to make them viable by the March 28 expiry. As a result, the advantage for bullish bets has significantly weakened. Some analysts attribute Bitcoin’s weak performance to the ongoing global tariff war and US government spending cuts, which increase the risk of an economic recession. Traders worry about slower growth, particularly in the artificial intelligence sector, which had driven the S&P 500 to a record high on Feb. 19 before falling 7%. S&P 500 futures (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph Meanwhile, Bitcoin bulls remain hopeful for a decoupling from the stock market, despite the 40-day correlation staying above 70% since early March. Their optimism stems from the expansion of the monetary base by central banks and increased Bitcoin adoption by companies such as GameStop (GME), Rumble (RUM), Metaplanet (TYO:3350), and Semler Scientific (SMLR). As the options expiry date nears, bulls and bears each have a strong incentive to influence Bitcoin’s spot price. However, while bullish investors aim for levels above $92,000, their optimism alone is not enough to ensure BTC surpasses this mark. Deribit leads the options market with a 74% share, followed by the Chicago Mercantile Exchange (CME) at 8.5% and Binance at 8%. Given the current market dynamics, Bitcoin bulls hold a strategic advantage heading into the monthly options expiry. For instance, if Bitcoin remains at $86,500 by 8:00 am UTC on March 28, only $2 billion worth of put (sell) options will be in play. This situation incentivizes bears to drive Bitcoin below $84,000, which would increase the value of active put options to $2.6 billion. Related: Would GameStop buying Bitcoin help BTC price hit $200K? Below are five probable scenarios based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure. Between $81,000 and $85,000: $2.7 billion in calls (buy) vs. $2.6 billion in puts (sell). The net result favors the call instruments by $100 million. Between $85,000 and $88,000: $3.3 billion calls vs. $2 billion puts, favoring calls by $1.3 billion. Between $88,000 and $90,000: $3.4 billion calls vs. $1.8 billion puts. favoring calls by $1.6 billion. Between $90,000 and $92,000: $4.4 billion calls vs. $1.4 billion puts, favoring calls by $3 billion. To minimize losses, bears must push Bitcoin below $84,000—a 3% drop—before the March 28 expiry. This move would increase the value of put (sell) options, strengthening their position. Conversely, bulls can maximize their gains by driving BTC above $90,000, which could create enough momentum to establish a bullish trend for April, especially if inflows into spot Bitcoin exchange-traded funds (ETFs) resume at a strong pace. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. South Korea’s Ethics Commission revealed that high-ranking public officials in the country hold an average of 35.1 million won ($24,000) in crypto assets. On March 27, the country’s Ethics Commission for Government Officials reportedly disclosed that more than 20% of the surveyed public officials hold 14.4 billion won ($9.8 million) in crypto. This means 411 of the 2,047 officials subjected to the country’s disclosure requirements hold crypto assets. The highest amount disclosed was 1.76 billion won ($1.2 million) belonging to Seoul City Councilor Kim Hye-young. The officials held different crypto assets, including Bitcoin (BTC), Ether (ETH), XRP (XRP), Dogecoin (DOGE), Luna Classic (LUNC) and others. The disclosure of public officials’ crypto assets follows calls for transparency from its prime minister. In 2023, South Korean Prime Minister Han Deok-soo said in a news conference that high-ranking government officials must include crypto in their property disclosures. The official said crypto should be treated similarly to other assets like precious metals. On May 25, 2023, South Korea passed a bill mandating public officials to include crypto in their public asset disclosures. The new system granted South Koreans access to the crypto holdings of at least 5,800 public officials starting in 2024. In June 2024, crypto exchanges in the country launched information provision systems to simplify the registration of information about crypto holdings. Related: South Korea temporarily lifts Upbit’s 3-month ban on serving new clients The new law was created in response to the controversy involving South Korean lawmaker Kim Nam-kuk, who was accused of liquidating crypto assets and concealing holdings of around $4.5 million before lawmakers in the country enforced the Financial Action Task Force’s (FATF) “Travel Rule.” Kim departed from the Democratic Party at the height of the controversial lawsuit to relieve party members of the burden of the lawsuit. While prosecutors requested a six-month prison sentence for Kim, the lawmaker was eventually acquitted after a judge ruled that crypto assets were not subject to public disclosures at the time Kim made the transactions. Magazine: 3AC-related OX.FUN denies insolvency rumors, Bybit goes to war: Asia Express Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025 Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist Aptos Leverages Chainlink To Enhance Scalability and Data Access Bitcoin Could Rally to $80,000 on the Eve of US Elections Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals Crypto’s Big Trump Gamble Is Risky Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
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Binance says leaked info came through phishing, not data leak
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Bitcoin bulls pray for a “decoupling” if QE restarts
Bitcoin bulls will have the edge if BTC price passes $90,000
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South Korean public officials disclosed crypto holdings
Lawmaker controversy spurred crypto disclosure laws
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