Today in crypto, the Ethereum Foundation announces new leadership, US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulations, stablecoins and Bitcoin reserve legislation, and the Chicago Mercantile Exchange (CME) Group announced the launch of Solana futures contracts in March.
Ethereum Foundation selects two individuals to lead organization
The Ethereum Foundation announced new leadership on March 1, appointing longtime Ethereum developer Hsiao-Wei Wang and Nethermind CEO Tomasz Stańczak as co-directors of the organization.
Wang has seven years of experience as a core researcher at the Foundation and Stańczak grew Nethermind from a small project into one of Ethereum’s largest execution clients and a global company.
According to the Ethereum Foundation’s announcement, both individuals will assume their roles as co-directors on March 17.
Wang pictured left and Stańczak pictured right. Source: The Ethereum Foundation
“This marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” spokespeople for the Foundation added.
The change comes during a challenging time for the Ethereum ecosystem and struggling Ether (ETH) prices as investors and the Ethereum community call for a change in direction.
Trump to host first White House crypto summit on March 7
US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulatory policies, stablecoin oversight, and the potential role of Bitcoin in the US financial system.
The attendees will include “prominent founders, CEOs, and investors from the crypto industry,” along with members of the President’s Working Group on Digital Assets, according to an announcement shared by the White House “AI and crypto czar,” David Sacks, in a March 1 X post.
The summit will be chaired by Sacks and administered by Bo Hines, the executive director of the Working Group.
Source: David Sacks
Sacks was appointed White House Crypto and AI and Czar on Dec. 6, 2024, to “work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.,” Trump wrote in the announcement.
Chicago Mercantile Exchange Group to launch Solana futures on March 17
The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators.
According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled.
CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets.
The addition of Solana futures contracts gives traditional finance investors additional exposure to the crypto markets and provides the crypto markets with fresh capital injections that should support prices.
CME open interest on derivatives contracts quarter-by-quarter 2024. Source: CME Group