7 March 2025Macro/TradFiCryptocurrency prices surged Sunday after President Trump announced on Truth Social plans for a U.S. strategic reserve of BTC, ETH, SOL, ADA, and XRP. By Tuesday, gains were erased following the eruption of a trade war as Trump's import tariffs on Canada, Mexico, and China went into effect.Canadian PM Justin Trudeau announced immediate 25% tariffs on C$30 billion of US imports, with an additional C$125 billion if Trump's tariffs remain in 21 days.China responded by imposing 10-15% tariffs on certain US imports from March 10 and introducing new export restrictions for specific US entities.On Thursday, Trump signed an executive order to establish a strategic bitcoin reserve and U.S. digital asset stockpile, ahead of the White House crypto summit scheduled to take place later on Friday.Japan-based Metaplanet buys 497 more BTC, bringing their total to 2,888.Bitwise files an S-1 document with the SEC to launch an ETF for AptosCoinbase explores the launch of a tokenized version of $COIN stock, hinting at a move into on-chain stock trading.CryptoL1/L2:The Solana community is debating SIMD-228, a proposal to reshape tokenomics with a dynamic, market-driven emissions model for SOL tokens.Celo, a blockchain enabling mobile users to access a global financial ecosystem with just a phone number, will transition to an Ethereum Layer 2 network on March 26th.Layer-2 network BOB integrates with Fireblocks, giving 2,000+ Fireblocks users access to its $250M DeFi ecosystem and enabling yield on their BTC holdings.DeFi:Aave DAO proposed a major "Aavenomics update," which could boost AAVE token value and reward users.Bitwise makes its first institutional DeFi move via Maple Finance, accessing on-chain credit while staying compliant with regulatory standards. Latest Binance Research Publications Check out our latest publications:Sustainable Tokenomics: Questions Every Founder Should Think AboutMonthly Market Insights - March 2025Fundamentals of Decentralized AIExplore our Binance Research website for more project and macro research.For more frequent market updates and insights, follow us on Twitter @BinanceResearch.That’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.
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