SoSo Daily Mar 5 | Trump's Inclusion of XRP and ADA in U.S. Crypto Reserves Sparks Controversy

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on March 4, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.97 trillion US dollars, witnessing a decrease of 0.0577% compared to yesterday; the total trading volume is 198.44 billion US dollars, marking a decline of 3.45% from the previous day.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Neiro on ETH. As of 23:50 today, its market cap is 353.37K, with a coin price of 0.00035337 USD, witnessing a 24-hour increase of 435%.
The second is SafeMoon. As of 23:50 today, its coin price is 0.000093410 USD, with a 24-hour increase of 83.8%.
The third is Ternoa. As of 23:50 today, its coin price is 0.0034970 USD, showing a 24-hour increase of 69.3%.
In fourth place is Streamflow. As of 23:50 today, its coin price is 0.054030 USD, with a 24-hour rise of 49.6%.
In fifth place is Buying.com. As of 23:50 today, its coin price is 0.0027600 USD, increasing by 48.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Former U.S. President Trump announced the inclusion of XRP, ADA, and SOL in the U.S. crypto reserves, sparking criticism from industry leaders who believe this move could undermine the position of mainstream crypto assets like Bitcoin. Although Trump reiterated that $BTC and $ETH will also be included, many insiders argue that the government should not interfere in the crypto market, especially when it comes to selecting specific assets. Nic Carter, a partner at Castle Island Ventures, stated that the government should not act as a crypto hedge fund. Harrison Seletsky, Director of Business Development at the digital identity platform SPACE ID, pointed out that XRP and ADA are almost 'ghost chains' compared to Ethereum and Solana. Additionally, many industry leaders believe that a true strategic reserve should focus solely on Bitcoin. Nonetheless, Trump's actions could accelerate the approval of altcoin ETFs and provide greater clarity on the regulatory classification of these tokens.
Next news:Across Protocol, focused on enhancing Ethereum interoperability, has raised $41 million in a token sale led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, and others. The funding, completed in two phases in 2024, aims to expand Across' role in connecting Ethereum with Layer 2 networks. The protocol, which simplifies cross-chain transactions, has processed $19 billion in total volume and is pushing for broader adoption of the ERC-7683 standard. Across differentiates itself by prioritizing speed, enabling transfers in 5 seconds or less. The new funding will support its mission to unify Ethereum's ecosystem.
Next news:El Salvador's President Nayib Bukele has announced the purchase of 19 additional Bitcoins, despite the International Monetary Fund's (IMF) ongoing criticism of the country's Bitcoin adoption strategy. The IMF has expressed concerns over the potential risks to financial stability and consumer protection. However, Bukele remains committed to increasing the country's Bitcoin holdings as part of his broader economic strategy.
Next news:

According to Wu, crypto czar David Sacks tweeted that the White House is pleased to announce its support for the Congressional Review Act (CRA) proposed by Senator Ted Cruz and Representative Mike Carey, aimed at repealing the "DeFi Broker Rule" established by the Biden administration in its final days. This rule is seen as a last-minute blow to the crypto community by the Biden administration.

Next news:

According to Bloomberg, Bitcoin developer Blockstream Corp. has secured billions of dollars in investment and will launch three funds on April 1. Two of these funds will involve cryptocurrency lending, including Bitcoin-backed loans and dollar-collateralized crypto lending, while the third fund will employ a hedge fund strategy. The company plans to accept external funding starting July 1.

Next news:JUST IN: 🇺🇸 US Treasury Secretary Scott Bessent says "we're set on bringing interest rates down."
Next news:

According to Wu's report, OKX market data shows that $ETH has fallen to a low of $1,989, currently trading at $2,020.40 per coin, down 2.6% for the day. This is the first time it has dropped below $2,000 since December 2023.

Next news:The price of Bitcoin is approaching 80 thousand dollars, as the dollar rebounds from a 12-week low. The implementation of U.S. trade tariffs has posed new challenges for Bitcoin bulls, and the $BTC price trend may once again approach a low of 78,000 dollars.
Next news:

According to Bloomberg, U.S. Secretary of Commerce Howard Lutnick stated that the Trump administration may announce a tariff relief plan for goods from Canada and Mexico as early as tomorrow. However, it will not fully suspend or cancel the tariffs, but rather take a compromise approach. Lutnick pointed out that if Canada and Mexico comply with the rules of the United States-Mexico-Canada Agreement (USMCA), the government may provide certain tariff reductions.

Next news:Reddit co-founder Alexis Ohanian has joined the bid to acquire TikTok, planning to "put the social app on the chain." Ohanian is collaborating with Frank McCourt on "Project Liberty," which aims to empower users to control their data through blockchain technology. The U.S. government has asked TikTok's parent company, ByteDance, to either sell its American assets or shut down the app. Ohanian stated that TikTok's future should be built by creators, and that users and creators should own their own data and audiences. The plan will utilize the Frequency blockchain to achieve high-capacity social interactions. Ohanian previously introduced blockchain tools on Reddit and has multiple investments in the cryptocurrency sector.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.