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Somnia, Sony’s gaming and entertainment focused blockchain has announced a major partnership with Google Cloud. With the partnership, it has integrated its AI Agent tools and will operate as a validator on the Somnia network. The partnership was unveiled at the Ethereum Community Conference (EthCC) in Cannes, marking a significant milestone in Somnia’s mission to
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Ripple (XRP) price soared to $2.70 on Thursday, surging 19% in 24 hours as investors responded to U.S. trade tariff updates and rising anticipation ahead of the White House Crypto Summit on March 7. With XRP bulls maintaining dominance in derivatives markets, leveraged long positions now total $150 million, signaling continued upside potential.
XRP faced stiff resistance at the $3 level after Trump’s announced the strategic crypto reserve on March.
However, renewed volatility from shifting U.S. trade policies has strengthened bullish sentiment leading into the summit. If momentum persists, XRP could challenge long-term resistance above $3.
The latest market data indicates a strong influx of buyers, propelling XRP beyond $2.70 as investors execute last-minute trades ahead of today’s high-profile summit.
Ripple CEO Brad Garlinghouse confirmed his participation in the White House Crypto Summit, reinforcing the company’s growing engagement with the Trump administration’s digital asset policies.
” I’ve had some new confirmations for Friday’s White House Crypto Summit. As of this morning, invites were still rolling out. .”
- FOX report Eleanor Terret Confirmed Ripple CEO Brad Garlinghouse attendance at White House Crypto Summit, in a March 6 post on X.
The summit, led by Trump’s AI and Crypto Czar David Sacks, will feature major industry figures, including Coinbase CEO Brian Armstrong and MicroStrategy’s Michael Saylor. Discussions will center on regulatory frameworks and a proposed U.S. crypto reserve.
Ripple price, already up 19% on Thursday has outperformed Bitcoin’s 4% dip. The affirms investor optimism surrounding the summit’s potential impact on Ripple’s institutional adoption. Analysts suggest a breakout beyond $3 could materialize if policy discussions favor digital asset integration into financial markets.
The White House Crypto Summit is a pivotal event where key industry leaders and policymakers discuss the future of cryptocurrency regulations in the U.S. Topics include the establishment of a national crypto reserve and clearer guidelines for institutional adoption.
For XRP, the summit’s significance lies in its potential to reshape market sentiment. If Ripple gains regulatory clarity or is formally integrated into the proposed reserve, XRP could experience sustained bullish momentum, with traders eyeing a move toward $5.
Going by trends observed in Coinglass‘ latest derivatives market data, majority of XRP short-term traders are anticipated a positive outcome from the summit. As seen in the chart above, XRP long leverage has crossed the $150 million mark at press time on March 6, towering above the active short contracts which currently stands at $115 million. With long leverage outpacing short by more than 20%, the short-term momentum remains largely bullish.
However, if negative readings from Non-Farm Payrolls report overshadow headlines from the White House Crypto summit, XRP price risks rapid corrections if the over-leveraged bulls are liquidated.
XRP price is holding strong above $2.60, gaining 19% in just two days as technical indicators flash bullish signals. The Parabolic SAR dots remain positioned below price action, confirming the prevailing uptrend, while the MACD histogram shows expanding green bars, signaling strengthening bullish momentum. The MACD line has crossed above the signal line, reinforcing the possibility of a sustained rally.
A decisive close above the $2.70 resistance zone could set the stage for a retest of the psychological $3 level, where prior rejection occurred following Trump’s crypto reserve announcement. If bulls maintain control, breaking past $3 could expose XRP to an extended breakout toward the $5 mark in the coming weeks.
However, failure to hold above the $2.60 level may invite bearish pressure, potentially leading to a retest of the $2.10 support level, where buyers previously stepped in to propel the recent surge.
The increasing leverage in long positions, now at $150 million, suggests that market sentiment is skewed toward the upside, but it also introduces liquidation risks if volatility spikes. As the White House Crypto Summit unfolds, XRP’s reaction to regulatory developments could dictate the next major move, with bullish momentum favoring a continued uptrend.
The post XRP Price to $5? Traders Deploy $150M Leverage after Ripple CEO’s White House Invite Confirmation appeared first on CoinGape.
The post No Bitcoin for Connecticut: State Bans Investment and Reserves in New Law appeared first on Coinpedia Fintech News
Connecticut Governor Ned Lamont has signed House Bill 7082 into law, officially regulating the “Bitcoin Reserve Ban” in the state. Now, Connecticut is prohibited from accepting, holding, or investing in digital assets. This marks a contrast from the US trend in the evolution of virtual digital currency.
The legislation titled “An Act Concerning the Prohibition of State Government Entities from Holding or Investing in Cryptocurrencies” was initially introduced in response to growing concerns regarding volatilities and uncertainties in digital currencies in February 2025 before finalizing the enactment on June 30.
The enactment provides clarity that the state prioritizes risk mitigation and consumer protection over speculative investment.
Settling the long-standing debate, Connecticut finalizes the ban on cryptocurrency and other virtual currencies to prevent the state from associated risks. The law ensures that Connecticut remains protected from the threats associated with the digital assets market.
“Neither the state nor any political subdivision of the state shall (1) accept or require payment in the form of virtual currency for an amount due to the state or the political subdivision, or (2) purchase, hold, invest in or establish a reserve of virtual currency,” HB 7082 reads.
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The enactment sets Connecticut apart from other US states like Texas, Arizona, and New Hampshire, which continue to adopt digital currency reserves. As the bill contrasts with the majority of US states, it has been met with mixed reactions from industry experts and policymakers. Some argue that the bill is crucial for precautions, while others say it stifles innovation in the nation.
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Connecticut’s ban on state entities holding or investing in crypto contrasts sharply with states like Texas, Arizona, and New Hampshire, which are moving to establish digital asset reserves. This highlights a growing divergence in state-level approaches, with Connecticut prioritizing risk aversion while others embrace crypto innovation.
While the ban aims to protect public funds from volatility, critics argue it could stifle innovation within Connecticut’s digital economy. It might deter blockchain-based startups and investment, potentially causing them to gravitate towards more crypto-friendly states that encourage digital asset development and integration.
Connecticut’s cautious approach could influence other risk-averse legislatures to consider similar bans or stricter regulations on state crypto involvement. It adds to the ongoing national debate about crypto’s role in public finance, potentially encouraging a more conservative stance in states prioritizing financial stability over speculative gains.
The post No Bitcoin for Connecticut: State Bans Investment and Reserves in New Law appeared first on Coinpedia Fintech News
Connecticut Governor Ned Lamont has signed House Bill 7082 into law, officially regulating the “Bitcoin Reserve Ban” in the state. Now, Connecticut is prohibited from accepting, holding, or investing in digital assets. This marks a contrast from the US trend in the evolution of virtual digital currency. Connecticut Officially Bans Bitcoin Reserve The legislation titled …
Pi Network has its sights on expanding its ecosystem with the latest play involving the launch of a $100M VC fund. The new fund will fund projects and startups advancing real-world utility and adoption of the Pi Network.
According to a press release, Pi Network has announced a fresh $100 million venture capital (VC) fund to support innovative startups in the ecosystem. Per the statement, the fund will feature assets in both USD and Pi Coins, propping up projects pursuing real-world Pi utility.
The new $100M fund will be disbursed via the Pi Network Ventures, a newly minted entity created by the Pi Foundation. Per the announcement, the Pi Coins forming a portion of the funds stem from the Pi Foundation’s reserves.
Pi Network Ventures will invest in Pi-focused companies in the early stage, including Series B and subsequent rounds. Furthermore, the Pi fund will expand support beyond blockchain-native startups with an eye on AI and e-commerce startups.
“This initiative gives creators the resources they need to build solutions that solve real problems while reinforcing the value of the Pi ecosystem,” said Nicolas Kokkalis.
The announcement comes at the start of Consensus 2025, with the project expected to make a major appearance at the event.
The Pi Core Team (PCT) has previously teased an ecosystem announcement for May 14, leaving community members on edge. While the $100M fund has triggered a wave of excitement, there is speculation that the launch is only the tip of the iceberg.
Community members have their sights on a potential exchange listing for the Pi Network. While chatter of a potential Binance listing continues to percolate, an HTX listing for Pi Network has gathered significant steam.
HTX has dropped a string of hints pointing to a potential listing in its social media posts, stoking waves of optimism. Upbit is another potential exchange listing, given the sheer number of Pi Coin holders in South Korea.
Ahead of the ecosystem announcement, Pi Network price crossed $1, to leapfrog Litecoin (LTC) and Bitcoin Cash (BCH). A listing announcement during the Consensus 2025 event will signal mainstream adoption for in addition to the upside of a potential Pi Coin rally.
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