Weekly Crypto Recap

Weekly Crypto Recap: Heart Case Dismissed, Trump Hosts White House Summit, and More

This week in cryptocurrency news, a U.S. District Judge dismissed the SEC’s lawsuit against HEX founder Richard Heart, while President Donald Trump is set to host a cryptocurrency summit at the White House. Additionally, the Trump family is exploring the development of a TRUMP-branded metaverse, and MetaMask is adding support for Bitcoin and Solana.

HEX Founder Richard Heart’s Case Dismissed

U.S. District Judge Carol Bagley Amon has dismissed the SEC’s lawsuit against HEX founder Richard Heart, citing insufficient connection between Heart’s alleged conduct and the U.S. Heart, a U.S. citizen, resides in Finland, where he has been accused of tax evasion and assault.

Trump Hosts White House Crypto Summit

President Donald Trump will host a cryptocurrency summit on March 7, featuring industry leaders and administration officials. The event will be coordinated by crypto and AI czar David Sacks and Bo Hines, executive director of the digital assets working group.

Trump Family Explores Metaverse Development

A recent trademark application shows the Trump family’s intention to develop a TRUMP-branded metaverse, expanding their cryptocurrency ventures beyond meme coins and NFTs. The U.S. Patent and Trademark Office filing was submitted on an “intent to use” basis.

MetaMask Adds Bitcoin and Solana Support

The popular cryptocurrency wallet will add native support for Bitcoin and Solana ecosystems this year, eliminating the need for users to manage multiple wallets or use wrapped tokens. Full Bitcoin support is scheduled for the third quarter of 2025, while Solana integration is targeted for May.

Other Notable Developments

• Bybit Hackers Move Stolen Funds to Bitcoin: Bybit hackers have transferred at least 209,384 Ethereum (approximately $480 million) to Bitcoin, with at least $240 million laundered using THORchain.
• SEC Agrees to Drop Consensys Lawsuit: The SEC has agreed to dismiss its lawsuit against Consensys, the developer of MetaMask, which had alleged securities law violations.
• BitMEX Seeks Deal: The cryptocurrency exchange and derivatives trading platform is exploring potential buyers, having faced regulatory challenges since 2020.
• Metaplanet Seeks Additional Bitcoin Acquisition Funding: The Japanese firm is looking to raise 2 billion yen ($13.6 million) through zero-interest ordinary bonds to fund additional Bitcoin purchases.
• ZachXBT Joins Paradigm as Security Advisor: The pseudonymous blockchain investigator has taken a position with research-driven investment firm Paradigm as an incident response advisor.

Tips for Cryptocurrency Investors

• Stay informed about regulatory developments and their impact on the cryptocurrency market.
• Diversify your portfolio to minimize risk.
• Keep an eye on emerging trends and technologies, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

Stay up-to-date with the latest cryptocurrency news and trends on Global Crypto News.