President Donald Trump is set to speak at the Digital Asset Summit (DAS) in New York on March 20.
This is the first time a sitting US president will participate in a crypto conference.
Donald Trump to Make Historic Appearance at the Digital Asset Summit
Earlier this month, Donald Trump hosted the first-ever White House Crypto Summit. Although the community wasn’t particularly happy with the developments at the summit, it gave several significant updates on the US Bitcoin Reserve and the government’s current regulatory stance.
Reports indicate that Trump’s appearance may not be live. Some sources suggest he could deliver a pre-recorded message instead.
Either way, this marks the first time an active US president is set to formally address a crypto conference.
“Got some clarity on this — multiple sources on the ground at the DAS Conference tell me President Trump is/was planning to livestream into the conference at some point today or tomorrow to address the crowd. I’m told this may yet happen but could also be done via a taped recoding,” wrote Eleanor Terrett.
The summit will also feature key lawmakers, including Representatives Ro Khanna and Tom Emmer, alongside industry leaders such as MicroStrategy’s Michael Saylor and Ripple CEO Brad Garlinghouse.
The crypto market has shown signs of recovery this week. Earlier today, the Feds announced that it won’t hold any rate cuts currently. Yet, two more rate cuts are planned for later this year.
Trump’s address at DAS could have further implications. If he signals a more favorable regulatory approach to digital assets, the market could respond positively.
According to Hollywood rumors, Netflix is planning to make a movie based on the 2022 FTX collapse. Julia Garner is rumored to be finalizing negotiations to play Caroline Ellison, but Bankman-Fried’s actor is less certain.
Several outlets have claimed that Evan Peters, who starred in Netflix’s award-winning series DAHMER, is in talks to play SBF. However, this is presumably even less certain than Garner’s role. Graham Moore, an Oscar-winning screenwriter, is also in talks to write the series.
Netflix’s Take on the FTX Collapse
The FTX collapse in 2022 was one of the most dramatic events in financial history, not just crypto. So, it makes sense that Netflix is planning a movie about it. After all, several studios were fighting to get the film rights the same month that the collapse happened.
Variety recently published rumors about the casting, claiming that Julia Garner is nearly set to play Caroline Ellison.
Julia Garner to star as Caroline Ellison in a limited series about the collapse of cryptocurrency exchange FTX, and the relationship between FTX co-founder and chief executive Sam Bankman-Fried and his girlfriend and business associate Ellison. pic.twitter.com/Df1miZIjb4
Garner previously played digital con artist Anna Delvey and received an Emmy nomination for her performance. This relevant experience could add color to her portrayal of another convicted fraudster in Netflix’s FTX adaptation.
However, Garner’s largest role was Ozark, an acclaimed Netflix show that earned three Emmy awards. Variety further claimed that she may become an executive producer on this series, but again, nothing has been finalized.
Netflix will reportedly use a love story as a framing device for the FTX series’ plot, so the actor playing Sam Bankman-Fried will be essential.
Other industry publications have alleged that Evan Peters is in talks for this role. He has also won awards for a previous Netflix production in 2022.
Evan Peters at a 2019 Convention. Source: Wikipedia
A Netflix adaptation of the FTX story could be highly entertaining, but it’s important to stress that no contracts have been signed. The crypto industry has produced many famous events, after all.
That is to say, “development hell” is a popular term in the film industry for a reason. Hopefully, the crypto community will soon enjoy Netflix’s dramatized take on the FTX collapse. Today, it’s still in the very early stages.
With the end of March, Q1 2025 is also coming to a conclusion. This quarter was not the best for the crypto market, with its excessive losses and extreme volatility, similar to how meme coins operate.
Discussing the bane of the meme coin market, Harrison Seletsky, the Director Of Business Development at Digital Identity Platform SPACE ID, talked about the role of a strong investor base.
“Hype can move the price of a memecoin up, but they also collapse just as fast if there is no interest to sustain them, which is usually the case. That’s why it’s so important to filter out the noise as much as possible,” Seletsky noted.
Thus, BeInCrypto has analyzed five meme coins that have stood the test of time and volatility and are preparing for further gains in April.
Fartcoin (FARTCOIN)
FARTCOIN has emerged as one of the top-performing meme coins this month, rising 107% to trade at $0.61. This impressive increase has allowed the meme coin to recover all the losses it faced in March and February.
To recover its January losses, FARTCOIN will need to continue its upward momentum. The key resistance level to watch is $0.69. A successful break above this level and a move toward $1.00 could signal the beginning of a sustained rally, potentially pushing the price higher in the coming days.
However, if FARTCOIN fails to hold $0.69 as support and misses the $1.00 target, it could face a sharp decline. A drop back to $0.37 would erase much of the recent gains, invalidating the bullish outlook. This pullback could shift investor sentiment towards caution, stalling further growth.
Cheems (CHEEMS)
CHEEMS has emerged as one of the top-performing meme coins this month, rising 130% since the beginning of March. Currently trading at $0.000001927, the altcoin has also posted a new all-time high (ATH) of $0.000002179.
The shift in broader market cues toward recovery has likely sparked newfound interest among CHEEMS investors. If the positive trend continues, the meme coin could push toward $0.000002500, further fueling its rally.
However, if the bullish signals begin to fade or if investors start selling their holdings, CHEEMS could face downward pressure. A fall toward the support level of $0.000001660 or lower would invalidate the bullish outlook. This potential decline could halt the altcoin’s growth and shift market sentiment.
Mubarak (MUBARAK)
MUBARAK launched this month and has already experienced notable volatility. The meme coin is up 95% since its launch, with the current all-time high (ATH) at $0.221. This strong early performance reflects investor optimism and a positive market reception for altcoin’s entry into the crypto space.
Currently trading at $0.145, MUBARAK is aiming to break through the resistance levels at $0.149 and $0.173. Successfully clearing these levels would likely lead to a new ATH beyond $0.221. Such a breakthrough would demonstrate continued bullish momentum and attract more investors to the altcoin.
However, if MUBARAK fails to capture sufficient investor attention, the price could dip to $0.130. A further decline could push the altcoin down to $0.118 or $0.105, invalidating the bullish outlook. Such a drop would signal weakening market sentiment and potential setbacks for MUBARAK’s growth.
Dogecoin (DOGE)
Dogecoin has not registered exceptional gains this month but managed to break out of a two-month downtrend. The altcoin rose 22% in a week, trading at $0.203. This recent upward movement signals a potential shift in market sentiment, suggesting that Dogecoin could see more positive momentum.
Given the current market conditions, Dogecoin is likely to continue its gradual uptrend. This momentum could help the altcoin breach the $0.220 resistance and move toward $0.267. If this upward trend continues, Dogecoin could see sustained growth and attract additional investor interest.
However, if Dogecoin fails to breach the $0.220 level, the price may struggle to maintain its upward movement. A failure to hold above this level could lead to a drop toward $0.176 or even $0.147, invalidating the bullish outlook and potentially extending the losses experienced by the altcoin.
Peanut The Squirrel (PNUT)
PNUT has experienced a 17% loss this month but is closer to recovering its losses. Currently trading at $0.221, the meme coin is beginning to show signs of recovery. The altcoin’s recent price movement signals that it may be positioned for potential growth if market conditions improve.
The primary target for PNUT is to breach the $0.260 resistance and flip it into a support level. If successful, this would pave the way for the meme coin to reach the next key resistance at $0.330. A move above $0.260 would signal further bullish momentum for PNUT.
However, if PNUT fails to breach $0.260 and the price struggles to hold, it could fall back to $0.219. A further drop to $0.182 would invalidate the bullish outlook, erasing recent gains and potentially setting the stage for a prolonged downtrend.
Bitcoin, the pioneering cryptocurrency, has reshaped how people worldwide perceive finance and money. However, as technology advances and external factors evolve, Bitcoin faces structural challenges that could impact its future existence and growth.
A recent discussion among industry leaders highlighted major risks that could pose a black swan event for Bitcoin’s future.
What Is the Biggest Threat to Bitcoin?
Lyn Alden, founder of Lyn Alden Investment, recently asked, “What is the biggest structural risk to Bitcoin in the next 5-10 years?” This question sparked significant attention and responses from investors, experts, and industry leaders, shedding light on pressing concerns.
One of the most frequently mentioned risks is the threat posed by quantum computing. Nic Carter, general partner at Castle Island Ventures, responded concisely: “Quantum.” His answer received widespread agreement.
“I increasingly agree. That was the catalyst for my thread/question, tbh,” Lyn Alden replied to Nic Carter.
Future quantum computers could break the encryption algorithms securing Bitcoin, such as the Elliptic Curve Digital Signature Algorithm (ECDSA), which safeguards Bitcoin wallets. If a sufficiently powerful quantum computer emerges, it could forge digital signatures, allowing attackers to steal Bitcoin from any wallet with an exposed public key.
According to research by River, a quantum computer with 1 million qubits could crack a Bitcoin address. Microsoft has claimed that its new chip, named Majorana, is paving the way toward this milestone. This raises an urgent question: how much time does Bitcoin have before it must become quantum-resistant?
While the quantum computing threat is apparent, some argue that a more immediate challenge is whether the Bitcoin community can reach a consensus and implement quantum-resistant solutions in time.
“That’d be not coming to a consensus fast enough on the implementation of a quantum-resistant hashing algorithm,” Stillbigjosh, a former cybersecurity expert at Flutterwave, commented.
However, the founder of BlockTower, Ari Paul, pointed out that Bitcoin’s network faces a more immediate risk as attack costs have dropped significantly.
“Someone shorting 10%+ of BTC’s market cap then spending ~1/10th that to gain 51% control of hash power and mining empty blocks indefinitely, effectively turning off the network. Could fork the PoW algo, but just means the attack on the new network now costs <1/1000th the previous one,” Ari Paul noted.
The Risk of Conflict Between Bitcoin’s Decentralized Nature and Regulatory Oversight
Beyond technical challenges, some investors fear that government and institutional involvement will be Bitcoin’s biggest risk in the next 5-10 years.
“Government and institutional involvement changing the incentives of everything,” Investor Shinobi commented.
Bitcoin Holdings by Governments, Corporations, and Financial Institutions. Source: BitcoinTreasuries
Data from BitcoinTreasuries shows that over the past five years, Bitcoin holdings by private companies, public companies, governments, and ETFs have surged more than 12 times, from 210,000 BTC to over 2.6 million BTC. As a result, regulatory intervention could introduce legal pressures or unwanted changes to Bitcoin’s fundamental operations.
“The biggest structural risk is the friction between Bitcoin’s decentralized ethos and the increasing push for centralized regulatory oversight. In essence, as governments and large institutions tighten control and enforce compliance, the network might be forced to compromise on its core principle,” Investor MisterSpread warned.
The discussion sparked by Lyn Alden’s question suggests risks that could trigger black swan events for Bitcoin. It also reflects the growing awareness among industry leaders and investors about Bitcoin’s systemic risks in an era increasingly shaped by political stability and artificial intelligence.
