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STS Digital forecasts $5K BTC volatility after White House crypto summit Digital assets trading firm STS Digital predicts increased market volatility for Bitcoin (BTC), with potential price swings of around $5,000 following the White House crypto summit on March 7, according to CoinDesk. Jeff Anderson, head of Asia at STS Digital, noted that Deribit options data indicates traders are bracing for turbulence, with BTC implied volatility rising from 56% on March 7 to 80% on March 8. Similar trends are observed in Ether (ETH) and Solana (SOL) options.

Emirates NBD launches crypto trading via Liv digital bank Dubai’s state-owned bank Emirates NBD has introduced crypto trading services through its digital banking subsidiary, Liv, according to Cointelegraph. The Liv X app, launched in partnership with Aquanow, now allows users in the UAE to trade Bitcoin $BTC, Ethereum $ETH, Solana $SOL, $XRP and Cardano $ADA.

Ethereum price surged 6% in the past 24 hours, reclaiming the $2,300 level despite weakening decentralized finance metrics. According to data from Defi Llama, in February, Ethereum’s ( ETH ) total value locked fell to $50 billion from a peak of $71 billion in January. Additionally, decentralized exchange volumes have been declining as capital flows into alternate ecosystems such as layer 2s and Solana ( SOL ). DEX volume fell from $92 billion in December to $82 billion in February, a 11% decline. Ethereum network fees, on the other hand, have decreased from $142 million in January to barely $46 million in February, indicating a decline in demand. The upcoming Pectra upgrade , which is expected to enhance network functionality and fee efficiency, might be a short-term catalyst. However, it is still unclear if these upgrades will be enough to stop the decline in DeFi activity. Furthermore, technical issues or delays could slow down the momentum and maintain ETH within its current range. On the technical side, Ethereum is still trading below the $2,846 critical resistance. A squeeze in the Bollinger Bands suggests a possible breakout. The relative strength index at 41.40 indicates modest momentum, although bullish strength might be confirmed by a move above 50. Despite the price uptick, low trading volume suggests hesitation among buyers. ETH needs a strong push past resistance to sustain gains, or it risks another pullback. A decisive break above $2,846 may open the path to $2,946, while failure to hold current levels could lead to a retest of $2,200 support. Meanwhile, sentiment remains mixed ahead of the White House Crypto Summit on Mar. 7. Recently, U.S. President Donald Trump proposed the formation of a national crypto strategic reserve , with Ethereum being among the cryptocurrencies. Although some see this as a sign of a possible reversal, analysts caution that if enough regulatory clarification is not reached, the summit may become a “sell-the-news” event and lead to further downturns.

Back in late February, blockchain interoperability protocol Axelar (AXL) announced a partnership with American fintech firm Ripple to improve the interoperability of the XRP Ledger (XRPL), creating seamless connectivity with numerous blockchain networks. Axelar’s integration will further amplify XRPL’s use cases, unlocking cross-chain applications and potentially boosting XRP adoption among developers and enterprises. The collaboration places XRPL in a broader multi-chain environment, which could attract liquidity and stimulate demand for XRP as it becomes more functional beyond its traditional remittance use case. Notably, adding to the upbeat sentiment around Axelar, Canary Capital filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the Axelar (AXL) token. The ETF would offer exposure to AXL’s cross-chain capabilities across key ecosystems, including XRPL, Hedera, Stellar, Solana, and Bitcoin. The news has already sparked a 14% surge in AXL’s price, according to CoinMarketCap data . Adding to the momentum, Brian Brooks, former US Comptroller of the Currency, has joined the Axelar Foundation as an advisor. His involvement suggests that institutional players are increasingly recognizing the value of cross-chain infrastructure, potentially extending to broader market sentiment regarding XRP. At the time of writing, XRP trades at $$2.51, up 1.31% in the past 24 hours. The daily chart provided by TradingView below shows that the Relative Strength Index (RSI) sits at 50.25, hovering around the neutral zone. Related: XRP Will Head For $13 Soon If The Altcoin Meets Certain Conditions — Analyst This implies that XRP is neither overbought nor oversold, leaving room for both upward and downward movement. The gradient of the line points to measured movement in the near term. Related: Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests The MACD (Moving Average Convergence Divergence) shows that the MACD line (blue) is above the signal line (orange) with the histogram showing bullish momentum with green bars. The 20-day Exponential Moving Average (EMA) has been reclaimed and investors might see XRP retest this level at $2.48. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

NEOPIN announces migration to Solana In a recent X post, NEOPIN $NPT announced the migration of its ecosystem to Solana $SOL. As a non-custodial, permissioned DeFi protocol, it is looking to expand globally using AI-powered DeFi. NEOPIN is also introducing an initiative called "Project Titan," with a governance vote scheduled from March 11 to 18.