The White House in the United States held a cryptocurrency summit for the first time on the 7th local time. Trump stated at the summit that the federal government of the United States will support the development of cryptocurrencies represented by Bitcoin and the digital asset market. U.S. media reported that Trump's policy shift may be due to the significant political donations provided by cryptocurrency investors during last year's U.S. election campaign, hoping that he would end the Biden administration's restrictive policies on cryptocurrencies after taking office. According to the Wall Street Journal, during last year's U.S. election campaign, the cryptocurrency industry provided over $130 million in political donations to candidates for both parties in the House and Senate who support cryptocurrencies through a super political action committee.

On March 8th, Zhu Su posted on X platform that the establishment of a strategic Bitcoin reserve in the United States sent an important signal, because for many years the biggest risk facing Bitcoin has been seen as a challenger to the US dollar, or seen as a protocol that facilitates "illegal" transfer of funds. The strategic Bitcoin reserve positions Bitcoin as a digital anonymous asset equivalent to gold, which will be recognized in the West and around the world. The US government does not need to accumulate millions of Bitcoins, it just needs to make Bitcoin the single coordination point for digital value storage.

An increasing number of women are becoming interested in investing in cryptocurrency, with a focus on long-term strategies and lower-risk assets such as Bitcoin, despite admitting a lack of knowledge about the industry. According to a recent survey by Bitpanda shared exclusively with Cointelegraph, 50% of female crypto investors prioritize long-term financial growth, with 49% holding digital assets for up to five years and 39% planning to hold for more than five years. Women tend to lean towards safer digital assets, with Bitcoin being the most popular choice among 30% of respondents for their first digital asset investment. The survey also revealed that over 54% of the 1,400 investors surveyed made their initial investments in Bitcoin, Ether, or XRP. Gracy Chen, CEO of Bitget cryptocurrency exchange, noted that women tend to have a more diverse portfolio and focus on long-term wealth creation rather than short-term gains, which is beneficial for the crypto ecosystem.

XRP (XRP) is currently facing increasing technical and fundamental pressures that could potentially lead to a 20% price decline in the near future. Based on recent market analyses and historical patterns, investors should pay attention to three key signals. The XRP/USD price chart is showing a symmetrical triangle formation on the weekly chart, indicating a struggle between buyers and sellers. Contrary to popular belief, symmetrical triangles do not always result in bullish continuation patterns and can lead to significant declines. The recent White House Crypto Summit on March 7 caused XRP's price to drop as optimism faded about its inclusion in a US strategic crypto reserve, leading to a 10% decline in the XRP market. Additionally, Bitcoin is gaining favor from the Trump administration, with the US holding approximately $17.7 billion in BTC, while XRP remains in a historical distribution zone against BTC. XRP's trading volumes have surged to record levels, indicating a distribution phase where large holders are offloading positions to retail buyers after a major rally, similar to patterns seen in 2021. The decline in XRP whale holdings further reflects distribution, with whale balances dropping from 94.21 billion to 90.21 billion XRP in a year.

According to the on-chain analyst Yu Jin's monitoring, willjeetonyou.eth used 21 ETH to snipe and buy 14.83 million Cocoro at an average price of $0.003 within 2 minutes after adding liquidity on Cocoro. Currently, he still holds 13.88 million Cocoro, worth $1.11 million. He made a profit of $1.14 million on Cocoro in one hour.

SlowMist Yu Xian stated in a post on X platform that if you are still using Safe multi-signature or other multi-signature (regardless of the technical mode), you need to pay attention to these points:

The overall market value of stablecoins increased by $7.7 billion in February, highlighting the growing demand for "digital dollars" in the crypto market. The main situation of the stablecoin market in February is as follows: USDS market value increased by 64%, PYUSD increased by 49%, USDT market value reached approximately $143 billion (an increase of $2.5 billion in February alone), USDC increased by 7%. However, the market value of USDe and DAI decreased.

David Marcus, former head of Meta's cryptocurrency business and co-founder and CEO of Lightspark, confirmed in a post on social media X that he was invited to participate in the first White House cryptocurrency summit.

Some US government agencies are still refusing to provide transparency regarding their involvement in Operation Chokepoint 2.0, a period during the Biden administration where crypto and tech founders were reportedly denied banking services, as stated by Coinbase's chief legal officer Paul Grewal. The collapse of crypto-friendly banks in early 2023 led to initial accusations of Operation Chokepoint 2.0. Critics, such as venture capitalist Nic Carter, characterized it as a government initiative to pressure banks into severing ties with cryptocurrency companies. Despite recent regulatory changes, agencies like the Federal Deposit Insurance Corporation (FDIC) are still resisting efforts for transparency, according to Grewal. He mentioned that the FDIC has been uncooperative in providing details on their due diligence process and has refused to comply with requests for documentation related to the events. Additionally, Grewal highlighted that the FDIC has heavily redacted documents and only provided snippets in response to Freedom of Information Act (FOIA) requests.

The German "Wirtschaftswoche" website published an article by economist Desmond Rahmann on the 7th titled "Trump may trigger a new European debt crisis." The article believes that various signs indicate that the new US government is targeting Europe, especially Germany, as its next target in the trade war. European decision-makers should prepare for a trade war. The US recently threatened to impose a 25% tariff on products imported from the EU. However, the US government may want to consider the economic difficulties on the European continent: the German economy is currently in a slump, while Italy and France are working to address more serious public debt issues. Perhaps by then, the US government will realize that its tariff policy - as part of the "America First" agenda - may trigger an economic recession in Europe and a debt crisis in the Eurozone.

The market shows BTC falling below $86,000, now trading at $85,975.56, with a 24-hour decline of 3.51%. The market is fluctuating significantly, please manage your risks.

On March 8th, according to a statement released by the Greater Memphis Chamber in Tennessee on March 7th local time, Musk's artificial intelligence company xAI has purchased a property in the southwest part of Memphis covering 1 million square feet, as another expansion move after announcing the expansion of the supercomputer "Colossus" in the city last December. The statement mentioned that the new facility will complement xAI's existing business and support the company's expansion in Memphis. The Greater Memphis Chamber stated that the supercomputer "Colossus" is advancing towards xAI's announced "supercluster scale" last December.

According to IntoTheBlock data, the total amount of BTC held by whales has dropped to the lowest level since 2019, hitting a new low in six years.

Around 17:48 local time this afternoon, Yoon Seok-yul was released and left the Seoul detention center to return to the presidential residence. Yoon Seok-yul was arrested on January 15 this year and entered the Seoul detention center on January 19, becoming the first president of South Korea to be sent to a detention center while in office. After being released, Yoon Seok-yul will continue to undergo trial in a non-detention status, including the impeachment case and criminal cases involving charges of insurrection. Currently, the public hearings of the constitutional court in South Korea on Yoon Seok-yul's impeachment case have all concluded, and a verdict is expected in mid-March, while the trial on charges of insurrection is still ongoing.

On March 8th, the official account of the Chinese AI intelligent body enterprise ManusAI has been restored. "We are back, just a reminder, this is our only official account, and we will continue to share cool use cases in the future, stay tuned." ManusAI (ManusAI_HQ) official account pointed out. Manus' chief scientist and co-founder Ji Yichao also announced this news for the first time, and reiterated: "Manus has never participated in any cryptocurrency projects, token issuance, blockchain launches, etc. Any virtual currency with a similar name, claims related to us are false." 

US Congressman Hill said that Trump should cooperate with Congress on the issue of Bitcoin reserves.

According to crypto analyst Ali Martinez, data revealed on Platform X shows that Bitcoin miners have not engaged in selling behavior since February 28th.

According to DefiLlama data, the total market value of stablecoins on the entire network is reported to be $2273.59 billion, with a growth of 1.03% in the past week, and USDT's market share is 62.98%.

On March 8th, Linea Discord community administrators stated that the TGE will not take place in Q1. The team will announce progress once the final schedule is determined. In November last year, the Ethereum zkEVM L2 Rollup Linea developed by ConsenSys announced the establishment of the Linea Association, aimed at promoting Linea governance. Previous reports indicated that the project's TGE would take place in Q1 of this year.

CZ shared his thoughts on tokenizing KOL time on Binance Square. CZ said that YZiLabs may invest in a project that uses BNB/BSC as the main payment option to develop a good MVP. This should require a few days/weeks of coding and security review. If the platform is secure enough, I will be the first user.