FameEX Morning Crypto News Recap | March 3, 2025

Trump: Bitcoin and Ethereum to Play Key Role in National Reserves

Former U.S. President Trump shared on Truth Social that BTC, ETH, and other valuable cryptocurrencies will be key reserves, reaffirming his support for Bitcoin and Ethereum.

Cryptocurrency Market Cap Surges Back to $3 Trillion

According to Coingecko data, the total cryptocurrency market capitalization has surged back to $3 trillion, currently standing at $3.18 trillion, marking an 8.4% increase in the past 24 hours.

Ethereum Needs to Hold Above $2,460 to Retain Investor Confidence

On-chain analyst Ali highlighted that Ethereum needs to stay above $2,460 to maintain investor confidence, as holding this level could ease selling pressure from 6.835 million ETH held by 11.64 million investors.

Vitalik Buterin Encourages Young Developers to Join Ethereum Development

Ethereum co-founder Vitalik Buterin stated on X that Ethereum needs young developers who embrace the crypto-punk vision, as veteran contributors are exhausted, making it crucial to nurture the next generation of talent.

Musk Warns Investors Against Betting Their Life Savings on Meme Coins

On the Joe Rogan podcast,  Musk warned investors not to gamble their life savings on these speculative and high-risk assets.

Japan’s Finance Minister Proposes 110% Tax Rate on Crypto Assets

Japanese Finance Minister KATO Katsunobu proposed a possible 110% tax rate on crypto assets during a House Budget Committee meeting, encompassing inheritance tax, income tax, and resident tax.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​