SOTM February 27 – March 5, 2025

Welcome to our 211th issue of State of the Market, where we provide an overview of crypto market activity from February 27 – March 5, 2025.

This week in crypto markets:

  • Trump announced plans for a Strategic Crypto Reserve
  • SEC dropped cases against Kraken and Cumberland DRW
  • BlackRock added a 1-2% allocation of Bitcoin to its target model portfolio
  • CME Group to launch Solana futures on March 17 as SOL spot ETFs gain momentum
  • Ethereum’s Pectra upgrade went live on the Sepolia testnet but faced setbacks
  • Bitwise allocated to on-chain credit protocol Maple Finance, leveraging BTC-backed lending for institutional yield opportunities.

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