The cryptocurrency market faced a challenging week as the Fear and Greed Index plummeted to 10. For context, during the FTX crash in November 2022, it stood at 20, and it dipped to 7 only during the Terra collapse. However, by week's end, the situation shifted dramatically: President Trump effectively announced the creation of a crypto reserve and promised more news on March 7. The market reacted instantly — BTC surged to nearly $95,000, followed by altcoins. Let's delve into the events in detail:

Trump Goes All-In with Crypto. President Donald Trump confirmed that he is working on establishing an official crypto reserve, which will include BTC, ETH, XRP, SOL, and ADA. This marks the first attempt at integrating crypto at such a level in the United States. He didn't stop there — Trump promises an even more significant announcement on March 7.
Not Everyone Agrees: Several States Oppose BTC Reserve. South Dakota, North Dakota, Wyoming, and Montana have rejected bills to adopt a Bitcoin reserve. While some are building a crypto future, others are hindering the process. We'll see what happens next.
Bybit Recovers All Lost Funds. The $1.5 billion hack nearly turned into a catastrophe, but the exchange found ways to cover the losses through OTC deals, partners, and whales. Unlike FTX, they didn't delay in resolving the issue.
Lazarus Group Actively Launders Stolen Funds. North Korean hackers who stole ETH from Bybit have already laundered 68.7% of the funds. They're doing it so skillfully that even analysts are struggling to trace them.
SEC Steps Back: Memecoins Not Securities. The regulator unexpectedly stated that Dogecoin and other meme tokens are not securities. This means that holders of PEPE, BONK, and other memecoins can breathe a sigh of relief. However, this might just be a respite before a new crackdown.
SBF Returns to X and... FTT Rises. The former head of FTX, currently in prison, suddenly became active on social media, reflecting on the complexities of employee layoffs. Paradoxically, FTT's value increased as a result. It seems some still believe in his "genius" and a potential pardon from Trump.
OKX Admits Guilt and Pays $505M Fine. The exchange violated U.S. anti-money laundering laws but chose not to fight regulators and simply paid up. Sometimes, it's better to just pay and move on.
CME Launches Solana Futures. One of the world's largest derivatives markets confirms that SOL is officially recognized by institutions. Trading starts on March 17.
MicroStrategy Goes Shopping Again: +20,356 BTC. Michael Saylor's company continues to buy Bitcoin on an unprecedented scale.

Trump Files Trademark for 'TRUMP' in the Metaverse. It seems the U.S. President has fully embraced crypto and is starting to monetize his name in the NFT world. Will we be buying virtual Trump towers? Perhaps.
U.S. Department of Justice Investigates Scam Token LIBRA. This token unexpectedly started pumping, with insiders dumping millions. Now, the DOJ has taken notice — expect some shake-ups.
Upcoming major token unlocks:

ENA: $863.58M (66.3%)
BERA: $78.00M (9.3%)
MOVE: $23.87M (2.1%)
STIK: $16.30M
KAS: $13.72M (0.6%)
NEON: $8.89M (23.0%)

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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