Crypto Weekly Recap: Trump Files NFT Trademark; MetaMask Expands to Bitcoin & Solana; House Dems Push Memecoin Ban; & More (Feb 23-Mar 1, 2025)
Bitcoin plunged from over $96,000 to $78,000 this week, with experts predicting a brief drop to $72,000 as weak investor sentiment slows recovery.
However, Bitcoin’s Market-Value-to-Realized-Value (MVRV) suggests room for growth. Assure DeFi CEO Chapo expects a peak MVRV of 3.2, signaling another bullish year in 2025 before the cycle’s top. The last time MVRV hit this level, Bitcoin surged 101% in 2021.
Geoffrey Kendrick, head of digital assets research at Standard Chartered, predicted Bitcoin could reach $200,000 this year and surge to $500,000 before President Trump finishes his second term, driven by increasing institutional adoption and clearer regulations.
Follow along as we discuss the top crypto news you may have missed last week.
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TOP CRYPTO NEWS RECAP (February 23–March 01, 2024 2025)
- Trump Company Files Trademark for Metaverse and NFT Marketplace
- MetaMask Expands to Bitcoin and Solana, Plans to Remove Gas Fees
- House Democrats Push to Ban Memecoins for Public Officials
- Trump to Host First White House Crypto Summit on March 7
- Ethereum Foundation Forms Advisory Group to Uphold Core Values
- Bybit Hacker Launders Over $605M, Sparks THORChain Controversy
Trump Company Files Trademark for Metaverse and NFT Marketplace
DTTM Operations, a Trump-owned company, has filed trademark applications for the word “TRUMP” linked to a metaverse and NFT marketplace. The virtual world would allow users to shop for goods, dine at Trump-branded restaurants, and experience simulated travel by limousine and aircraft. It would also offer virtual training and personal coaching. Only content authorized by Trump would be permitted. This move aligns with Trump’s broader push into crypto, following his NFT collections and promises to make America a global crypto leader.
MetaMask Expands to Bitcoin and Solana, Plans to Remove Gas Fees
MetaMask will add support for Solana in May, marking its first expansion beyond Ethereum Virtual Machine chains, with Bitcoin integration set for Q3. The wallet provider also aims to eliminate gas fees through gas-included swaps, allowing users to pay with any token they hold. Additional updates include a unified home screen for multi-chain assets, batched transactions for efficiency, and smart-contract-based accounts for better security. MetaMask also introduced a crypto card leveraging Mastercard’s network, reinforcing its push for a more seamless and user-friendly experience.
House Democrats Push to Ban Memecoins for Public Officials
Representative Sam Liccardo is set to introduce the MEME Act, a bill banning public officials from issuing, endorsing, or profiting from memecoins like Trump’s TRUMP token. The legislation aims to prevent financial exploitation and potential conflicts of interest within government. It would apply to top officials, their spouses, and dependent children. The move comes as Trump and Melania’s memecoins have plummeted in value. With bipartisan support being sought, this bill is one of the first regulatory attempts to address the booming memecoin market.
Donald Trump to Host First White House Crypto Summit on March 7
President Donald Trump will host the first White House Crypto Summit on March 7, bringing together top industry leaders to discuss regulations, stablecoins, and Bitcoin reserve legislation. Chaired by White House AI and Crypto Czar David Sacks, the summit aims to provide regulatory clarity and position the US as a global blockchain hub. With stablecoin oversight and Bitcoin reserves as key topics, the event could shape crypto policies for years. Trump has pledged to prioritize crypto innovation and push for pro-crypto legislation before the 2026 midterms.
Ethereum Foundation Forms Advisory Group to Uphold Core Values
The Ethereum Foundation (EF) has launched the “Silviculture Society,” an external advisory group dedicated to preserving Ethereum’s core principles, including open source, privacy, security, and censorship resistance. Announced on Feb. 28, the group comprises researchers, developers, and project founders who will provide informal counsel to the EF. This move follows Ethereum co-founder Vitalik Buterin’s criticism of the industry’s shift toward gambling. The EF also recently pledged $1.25 million to support the legal defense of Tornado Cash developer Alexey Pertsev.
Bybit Hacker Launders Over $605M, Sparks THORChain Controversy
The Bybit hacker, linked to North Korea’s Lazarus Group, has laundered over 54% of the $1.4 billion stolen in the largest crypto hack to date, using THORChain’s cross-chain swap protocol. Despite calls to block illicit transactions, THORChain’s community reversed a vote to do so, prompting core developer “Pluto” to resign. The FBI confirmed North Korea’s involvement and urged exchanges to cut off the group. THORChain maintains that it cannot censor transactions, fueling debate over privacy and security in decentralized finance.
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