Starkware to Buy BTC and ETH for Its Own Reserve
Cryptographic company Starkware has announced plans to acquire Bitcoin (BTC) and Ethereum (ETH) to form its own digital asset reserve. The company specializes in second-layer blockchain scaling solutions and actively implements ZK-Rollups to enhance Ethereum’s transaction throughput.
Establishing a reserve could be a significant step in Starkware’s strategy, demonstrating long-term confidence in the future of cryptocurrencies. This move could also impact the market, as institutional purchases of BTC and ETH traditionally contribute to price increases.
SEC Accepts Applications for DOGE and HBAR ETFs
The U.S. Securities and Exchange Commission (SEC) has accepted two new applications for cryptocurrency exchange-traded funds (ETFs):
– DOGE ETF from investment firm Bitwise
– HBAR ETF from Grayscale
If approved, these ETFs could significantly expand institutional access to these assets and increase their liquidity. Dogecoin (DOGE) has long been seen as a meme cryptocurrency, but ETF approval could change the market’s perception of it.
Hedera Hashgraph (HBAR), on the other hand, is positioned as a high-performance blockchain backed by major corporations, including Google and IBM. The launch of an ETF could attract new investments and strengthen its presence in the corporate blockchain sector.
BBVA Approved for BTC and ETH Trading
BBVA, Spain’s second-largest bank, has officially received regulatory approval to conduct operations with Bitcoin and Ethereum. This is a landmark moment for Europe’s traditional financial sector, as banks continue integrating cryptocurrency services.
BBVA clients will now be able to trade and store BTC and ETH through the bank’s platform. This decision could pave the way for broader cryptocurrency adoption within Europe’s traditional banking system.
U.S. Stock Market in Crisis: Dow Jones and Nasdaq Plunge
The U.S. stock market has experienced one of its worst days in recent years:
– The Dow Jones Industrial Average dropped more than 1,000 points in a single day.
– The Nasdaq 100 fell nearly 5% in one day, marking its worst decline since September 2020.
Major tech companies, including Apple, Tesla, Microsoft, and Amazon, also faced significant losses. Experts attribute the decline to macroeconomic instability, escalating trade conflicts, and anticipation of new Federal Reserve decisions on interest rates.
Trump Imposes New Tariffs on Canadian Cars
U.S. President Donald Trump announced a significant increase in tariffs on car imports from Canada. The new tariffs will take effect on April 2, and according to Trump, they will “essentially shut down the car business in Canada forever.”
This move is part of his economic strategy to protect domestic manufacturing and reduce reliance on foreign goods. However, experts warn that retaliatory measures from Canada could have serious consequences for both countries’ auto industries.
Amid stock market instability and tightening trade policies, the crypto industry continues to gain momentum. Starkware is betting on Bitcoin and Ethereum, BBVA is integrating cryptocurrency operations, and the SEC is reviewing new ETF applications for DOGE and HBAR.
At the same time, the U.S. market faces major challenges: falling Dow Jones and Nasdaq indices, trade wars, and inflation concerns could reshape the global economy.
The coming months will be crucial for both digital and traditional asset markets. Investors and traders are closely monitoring developments, preparing for potential shifts in U.S. financial policy.
