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Coinbase Urges Fewer Crypto Banking Restrictions
More bullish news for crypto investors — Coinbase seizes on Trump’s pro-crypto stance and goes gloves-off against unfair crypto regulations. One crypto presale, Solaxy, which plans to upscale the Solana ecosystem, has seen major momentum following this news.
On Tuesday, executives from the Coinbase exchange sent out a letter urging the OCC, Federal Reserve, and FDIC for reforms to allow crypto in traditional banking.
In this context, investors are already eyeing US-made cryptos like Solana, with the potential for $SOL ETFs only further advancing the need for crypto C&E services in the future. This surge in interest in Solana has also translated into a boon for the Solaxy presale.
Coinbase Calls for Crypto Banking Services in the US
On Tuesday, US-based crypto exchange Coinbase sent out a letter urging federal banking regulators — the OCC, FDIC, and the Federal Reserve — to establish clear, consistent, and fair rulings and allow banks to offer custody and execution (C&E) services.
According to Coinbase, C&E providers have been blocked from partnering with banks because of inconsistent and vague guidelines. This legal hurdle stifled innovation and crypto adoption, but a regulatory overhaul could finally bridge the gap between crypto and traditional financial services in the US.
If this request is met, it would make crypto more accessible to everyday users and boost liquidity in the crypto market. Considering Trump’s pro-crypto leadership, Coinbase’s plea couldn’t be more perfectly timed.
The President’s appointment of David Sacks as the White House ‘AI and Crypto Czar,’ and the change in SEC leadership are just two more telling signs of a positive shift in the US crypto market. Moreover, the potential introduction of Made-in-USA crypto ETFs could further speed up this process.
With $SOL being the second-largest US cryptocurrency by market cap, Solana-focused project, Solaxy, is positioned for growth in 2025 and beyond.
That’s because, as crypto adoption booms, Solaxy’s Layer-2 Solana chain could provide the perfect platform for high-volume use cases like bundled transactions and DeFi services.
Solaxy to Turbo-Charge the US’s Solana Blockchain
Solaxy ($SOL) is a new cryptocurrency project based on Ethereum that aims to tap into that blockchain’s liquidity to build a Solana Layer 2. The establishment of the Solaxy blockchain will ensure speedy transactions and low slippage, but without Ethereum’s hefty gas fees.
According to the project’s whitepaper, this L2 will supercharge trading on Solana, solving the main blockchain’s pain points like network congestion, downtimes, failed transactions, and scalability limitations.
This will all be made possible thanks to Solaxy’s off-chain transaction processing, which allows for better performance and easier scalability for high-volume use cases. These could include anything from ordinary crypto trading to DApps deployment, DeFi services, and other Web3 applications.
It’s this versatility and the fact that Solaxy bridges two of the major blockchains that give the project great future gains potential, and the market seems to agree.
The project is still in presale, with the token and blockchain coming after the initial coin offering ends. However, $SOLX now sells for $0.001626, a 62% price increase since the presale launched in late 2024.
Investors have already poured in over $18M into the project, pushing Solaxy nearly halfway to its fundraising goal in record time. And the presale momentum is only picking up, with one whale recently picking up as much as $49K worth of $SOLX.
The project is also gaining traction on social media, with a combined following of over 70k followers on X and Telegram.
If you’re looking for a hot new utility token, now’s the time to buy Solaxy and secure a 224% staking reward.
2025 Looks Promising for Solana & US Crypto Projects
President Trump’s pro-crypto approach has emboldened crypto service providers to push for regulatory changes, with Coinbase being the most recent appellant. In this context, made-in-the-USA cryptos and upcoming utility projects like Solaxy could enjoy huge potential gains.
Our $SOLX price predictions suggest the project could be one to watch, however, it’s still important to DYOR before investing, no matter how promising the market sentiment seems. This article doesn’t provide financial advice, and crypto remains prone to wild swings, so always look twice before you leap.
Crypto expert Dark Defender predicted that the XRP price could rally to $280, providing a bullish outlook for the crypto. The expert alluded to XRP’s historical performance as to why the coin could reach such an ambitious price target.
Crypto Expert Predicts XRP Price Rally To $280
In an X post, Dark Defender predicted an XRP price rally to $280 as he raised the possibility of the crypto replicating its 2017 bull run performance. In 2017, XRP witnessed a price rally of over 60,000% on its way to its current all-time high (ATH) at around $3.3.
The expert’s accompanying chart showed that XRP could reach this $280 target between 2026 and 2027, although the parabolic rally could begin this year as the crypto looks to replicate its 2017 performance.
Interestingly, crypto analyst Egrag Crypto had also made a similar prediction to Dark Defender. The analyst predicted that XRP could rally to $222 if history repeats itself, alluding to the 2017 bull run.
Coffee-Cup Pattern Shows Rally To $44 Is Possible
In an earlier post, Dark Defender made a more conservative prediction of an XRP price rally to $44 based on a ‘Coffee Cup’ pattern. He explained that this market pattern is a U-shaped formation on a price chart, indicating a potential bullish trend reversal after a downtrend. This pattern typically takes weeks to months to develop fully.
The expert stated that he has paired this pattern with the Elliot Waves, which has given a better picture of XRP’s future trajectory. He remarked that wave 3 is charging toward $5.85 and $18.22. Wave 5 is eyeing $36, while the cup’s depth plus Coffee level is brewing up for a rally to as high as $44.22.
XRP Is Testing Critical Resistance
In an X post, crypto analyst CasiTrades stated that the XRP price is testing critical resistance at around $2.54 and is currently sitting just below the trendline of a consolidation pattern. She further remarked that if the crypto breaks and holds above this $2.54 price level, the next targets are still $2.70 and $3.05.
The analyst had previously highlighted those price levels as the upside targets when she warned that XRP could drop to as low as $1.5 if it fails to hold above $2.42. Meanwhile, in her recent analysis, CasiTrades remarked that she is still leaning towards the idea that the crypto is still in the early stages of Wave 3.
The analyst added that it is just not obvious yet, but once XRP breaks previous highs, the crypto could rally to $9.50 for the official Wave 3 extension. She noted that this aligns with the macro $8 to $13 price target.
Crypto analyst Ali Martinez predicted that the XRP price could soon rally to $5. He stated that if XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead, it could invalidate the bearish pattern. He added that this move might trigger a bullish breakout toward $5.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
United States President Donald Trump’s much-talked-about crypto summit produced plenty of soundbites and policy plans that will satisfy investors, analysts, and casual observers. One of the most intriguing policy statements came from the US Treasury Secretary Scott Bessent, who called for comprehensive and transparent regulations on stablecoins.
Secretary Bessent further stated that the US government plans to use stablecoins to back up the US dollar and retain its status as the primary global currency reserve.
The White House Crypto Summit on March 7th was the biggest gathering and attracted many crypto personalities. In addition to Trump and Bessent, the White House summit hosted Zach Witkoff of World Liberty Financial, Strategy CEO Michael Saylor, Coinbase co-founder and CEO Brian Armstrong, entrepreneur David Bailey, and investors Cameron and Tyler Winklevoss.
A Gathering For The Planned Crypto Reserve
Friday’s White House gathering focused on conversations on a strategic reserve for Bitcoin and crypto. Trump has already issued an executive order to create a stockpile for other crypto assets. This executive order authorizes the secretaries of Commerce and Treasury to propose “budget-neutral strategies” that can finance the acquisition of additional Bitcoins without passing the burden to taxpayers.
Image: StormGain
Trump reiterated that the planned reserve must not burden US taxpayers. According to crypto czar David Sacks, the reserve shall be built on Bitcoins currently controlled by the US government that were forfeited as part of civil asset and criminal forfeiture proceedings.
Stablecoins To Help Protect US Dollar
Another key theme during the summit was the growing importance of stablecoins, particularly in propping up the US dollar. Trump and Bessent issued statements supporting stablecoins. In his speech, Bessent echoed the president’s plan to end the war on cryptocurrencies. He then turned and talked about stablecoins, and shared that these tokens are part of the financial planning.
In his speech, Bessent admitted that they’re looking at stablecoins and that, upon Trump’s instructions, they will work to keep the USD as the dominant world currency.
Fed Governor Waller Pitches For Stablecoins
Federal Reserve Governor Christopher Waller also supported stablecoins in February 2024. He explained that increasing demand for stablecoins can address or mitigate crypto’s impact on the dollar’s market share.
For Waller, the US can rely on stablecoins by addressing capital controls in other countries and boosting payment rails. Responding to these suggestions, US representatives Bryan Steil and French Hill have already forwarded a stablecoin bill, the Stable Act of 2025, to draft transparent regulations for these tokens.
Featured image from Pexels, chart from TradingView
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Pi Network (PI) is making waves in the crypto community with its explosive growth and increasing adoption. The popular cryptocurrency, which has been a hot topic due to its unique mining model and closed mainnet, is now gaining an unprecedented following on the X social media platform. The cryptocurrency is also rivaling top meme coins like Dogecoin (DOGE), quickly approaching the size of the meme coin’s loyal fanbase.
PI Network Closes In On Dogecoin With 4 Million Followers On X
Pi Network has achieved an incredible milestone by reaching 4 million followers on X, signaling a significant step forward in its rapid rise within the crypto market. This rapid growth and adoption positions the cryptocurrency on the verge of matching or even surpassing the social media presence of Dogecoin which has 4.3 million followers on X.
Since its inception in 2019, Pi Network has captured the attention of crypto enthusiasts, offering user-friendly and mobile-based mining services. This mining activity clearly contrasts with traditional cryptocurrencies like Bitcoin, which require high-powered hardware for mining.
To commemorate its massive growth, the team behind Pi Network took to X on March 5 to announce its milestone of reaching 4 million followers on X. They congratulated community members and PI enthusiasts who helped support the cryptocurrency in hitting this goal.
In addition to its growing adoption on X, Pi Network has become one of the trendiest cryptocurrencies in the market. While other top digital assets struggle with the broader market volatility and experience price declines, the value of PI is surging at an unexpected rate. CoinGecko has ranked PI Network as the number one trendy cryptocurrency in its top 20 list. The popular cryptocurrency has surpassed top dogs like Dogecoin, Ethereum, Cardano, Solana, XRP, Bitcoin, and other major digital currencies.
CoinMarketCap also ranks Pi Network as the 11th largest cryptocurrency by market capitalization, just two positions from Dogecoin’s 9th. This rapid growth to the 11th position underscores PI’s impressive growth in just a few weeks.
Community Advocates For Binance Listing For PI
Rumors of a potential PI Network listing on Binance, the largest crypto exchange, have been spreading across the crypto market. This speculation grows as the crypto community pushes for this integration on Binance.
The PI blockchain on X made a bold request on February 5, demanding Binance to officially list the Pi Network and make it available for trade on its exchange. Calling on all PI supporters and community members, the PI blockchain urged investors and holders to continually advocate for the listing and ensure their voices are heard.
Interestingly, an X user named ‘Satoshi Nakamoto’ reported that 86% of Binance community members had voted in favor of listing the Pi Network. Despite these results and the ongoing pressure from the PI community, Binance has yet to make an official statement.
Featured image from Live Science, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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