Here’s what happened in crypto today

As we speak in crypto, the Ethereum Basis pronounces new management, US President Donald Trump will host the primary White Home Crypto Summit on March 7, bringing collectively trade leaders to debate rules, stablecoins and Bitcoin reserve laws, and the Chicago Mercantile Trade (CME) Group introduced the launch of Solana futures contracts in March.

Ethereum Basis selects two people to guide group

The Ethereum Basis announced new leadership on March 1, appointing longtime Ethereum developer Hsiao-Wei Wang and Nethermind CEO Tomasz Stańczak as co-directors of the group.

Wang has seven years of expertise as a core researcher on the Basis and Stańczak grew Nethermind from a small venture into one in every of Ethereum’s largest execution shoppers and a worldwide firm.

Based on the Ethereum Basis’s announcement, each people will assume their roles as co-directors on March 17.

“This marks an thrilling new chapter within the Basis’s evolution as we proceed to assist a rising Ethereum ecosystem,” spokespeople for the Basis added.

The change comes throughout a difficult time for the Ethereum ecosystem and struggling Ether (ETH) costs as buyers and the Ethereum neighborhood name for a change in route.

Trump to host first White Home crypto summit on March 7

US President Donald Trump will host the first White House Crypto Summit on March 7, bringing collectively trade leaders to debate regulatory insurance policies, stablecoin oversight, and the potential function of Bitcoin within the US monetary system.

The attendees will embody “distinguished founders, CEOs, and buyers from the crypto trade,” together with members of the President’s Working Group on Digital Property, in accordance with an announcement shared by the White Home “AI and crypto czar,” David Sacks, in a March 1 X post.

The summit can be chaired by Sacks and administered by Bo Hines, the manager director of the Working Group.

Sacks was appointed White House Crypto and AI and Czar on Dec. 6, 2024, to “work on a authorized framework so the Crypto trade has the readability it has been asking for, and may thrive within the U.S.,” Trump wrote within the announcement. 

Chicago Mercantile Trade Group to launch Solana futures on March 17

The Chicago Mercantile Trade (CME) Group, a globally acknowledged derivatives trade, announced it will launch Solana (SOL) futures contracts on March 17, pending a evaluation by United States monetary regulators.

Based on the Feb. 28 announcement, market contributors could have entry to micro contracts of 25 SOL or normal contract sizes of 500 SOL, and all contracts can be cash-settled.

CME Group already supplies futures and choices contracts for Bitcoin (BTC) and Ether (ETH) to buyers trying to hedge towards the extremely risky nature of those digital property.

The addition of Solana futures contracts provides conventional finance buyers further publicity to the crypto markets and supplies the crypto markets with recent capital injections that ought to assist costs.