Market update
Cointree Crypto Market Update - March 5th 2025
Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$139,955 moving +0.8% at the time of writing. Meanwhile, Ethereum ends at AU$3,476 moving -11.4% week-on-week. On the Altcoin side, Solana +1.5%, Dogecoin -4.0%, and XRP +9.7% change.
🗞 What’s happening in the news?
🪙Trump’s Crypto Reserve Plan Faces Congress Vote—Market’s Rally at Risk
Donald Trump’s Working Group on Digital Assets surprised markets by planning to include XRP, Solana, and Cardano in a United States crypto reserve, alongside Bitcoin and Ether. Following the news, total crypto capitalisation jumped to about AU$4.90 trillion, and Bitcoin momentarily broke AU$153,225. But not everyone’s sold on the rally. “Constituting a reserve by buying new tokens is a complex process … it will take time,” noted Nansen analyst Aurelie Barthere. Congress must vote on this plan, and some analysts believe potential delays could spur further price swings.
🏡 Tokenization Can Reshape Real Estate Investing, Says Polygon CEO
Polygon CEO Mark Boiron has highlighted tokenization as a method to address real estate’s illiquidity discount by facilitating fractional ownership and secondary market trading. “All real estate is illiquid and therefore it’s discounted to some degree. It can be more valuable if it’s liquid,” Boiron told Cointelegraph. An example of this approach in action is Lumia Towers, a AU$354 million commercial development in Istanbul, which has been tokenized using Polygon’s blockchain. Industry discussions suggest that regulatory acceptance of permissionless blockchain systems would be a key factor in broader adoption.
🚀 Ethereum Foundation Unveils New Leadership
The Ethereum Foundation has officially appointed two co-directors: Hsiao-Wei Wang, a core researcher at the Ethereum Foundation, and Tomasz Stańczak, CEO of Nethermind. This leadership shift follows months of community dissatisfaction over Ethereum’s trajectory. Wang and Stańczak will take charge from March 17, with a vision to strengthen Ethereum’s role in global finance and blockchain development. As the Foundation stated, their goal is to “navigate the challenging transition from being an early-stage project serving a small number of enthusiasts to being a robust, permissionless, censorship-resistant base layer of the global finance and software stack.” The announcement comes at a crucial time—Ethereum faces price struggles, alongside scaling concerns and rising competition in the blockchain space. Some analysts believe the change of leadership could mark a pivotal step in shaping Ethereum’s future.
📖 What we’ve been reading
US members of Congress to launch bipartisan ‘Congressional Crypto Caucus’
The new caucus will have the goal of cementing the US’s leadership in the future of digital assets and blockchain innovation.
David Sacks Responds to U.S. Crypto Reserve Conflict of Interest Allegations
The president's AI and crypto czar says he's sold his crypto positions, but questions still remain about his other investments.
UK hands down first criminal sentence over illegal crypto ATMs
Olumide Osunkoya, who operated a network of crypto ATMs without regulatory permission, has been sentenced to four years in prison.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
