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🌙 Citadel Securities Plots Jump Into Crypto Trading

Bloomberg reported that Citadel Securities, led by Ken Griffin, is planning to expand into cryptocurrency trading, capitalizing on President Donald Trump’s pro-crypto stance, which is expected to boost the industry.

Author

Mike Gavela
February 24, 2025

Crypto Roundup - February 24

Citadel Securities is planning to expand its market-making operations in cryptocurrencies, encouraged by shifting regulatory landscapes. Meanwhile, Michael Saylor proposed a bold $81 trillion Bitcoin reserve plan to the SEC as a solution for the U.S. debt crisis. In market news, altcoins have seen significant declines, mirroring a drop in Bitcoin's value below $95,000, signaling a turbulent period in the cryptocurrency markets.

Top Stories

  • Citadel Securities Expands: Plans crypto market making expansion amid changing regulations.

  • Saylor Proposes $81T Bitcoin Reserve: Presented to SEC to tackle U.S. debt crisis.

  • Altcoins and Bitcoin Decline: Both plummet as Bitcoin falls under $95,000, impacting broader market.

TOP STORIES

Citadel eyes crypto market making expansion amid regulatory shifts

The firm's expansion plans signal growing confidence in the maturation of crypto markets.

cryptoslate.com/citadel-eyes-crypto-market-making-expansion-amid-regulatory-shifts

Saylor presents $81T Bitcoin reserve plan to the SEC to address US debt crisis

Michael Saylor's Bitcoin reserve plan could generate $16-$81T for the US, aiming to reduce national debt through digital assets strategy.

cryptobriefing.com/saylor-bitcoin-reserve-sec

Altcoins Plunge as Bitcoin Dips Under $95,000 - "The Defiant"

In the past 24 hours, ETH, SOL and XRP are down 5%, 8%, and 4% respectively.

thedefiant.io/news/markets/altcoins-plunge-as-bitcoin-dips-under-usd95-000

FUNDRAISING

Report: Ethena Labs Secures $100M From Top-Tier Investors – Crypto News Bitcoin News

Ethena Labs, the crypto startup behind the yield-bearing stablecoin USDe, has secured $100 million from well known strategic investors.

news.bitcoin.com/report-ethena-labs-secures-100m-from-top-tier-investors

OTHER HEADLINES

Sonic Brings Back DeFi Summer Vibes as Ecosystem Outperforms Other Layer 1s - "The Defiant"

The blockchain’s activity and TVL are at all-time highs, while its native token bucks the downtrend in the altcoin market.

thedefiant.io/news/blockchains/sonic-brings-back-defi-summer-vibes-as-ecosystem-outperforms-other-layer-1s

Binance Founder CZ Discloses Private Portfolio Loaded With BNB, A Little Bitcoin - Decrypt

The Binance founder was challenged on social media platform X to reveal his holdings. Bitcoin composes just 1.32% of his portfolio.

decrypt.co/307552/binance-founder-cz-portfolio-bnb-bitcoin

Strategy trades at nine-month low multiple to its bitcoin holdings

Investors are willing to pay the worst premium in nine months for MSTR shares as a multiple of the company’s bitcoin holdings.

protos.com/strategy-trades-at-nine-month-low-multiple-to-its-bitcoin-holdings

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