Crypto News Today, 6th March : Pi Network News, Crypto Summit, Cardano Price Surge, Stock Market

The Trump family’s crypto project WLFI has invested a total of $336 million to acquire nine digital tokens, including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI. If the assets remain unsold, WLFI is facing a current floating loss of about $88 million. Notably, Ethereum represents the largest portion of this loss, amounting to approximately $67.35 million.

Russian Deputy Finance Minister Vladimir Kolychev stated that the Ministry of Finance has no plans to change the investment structure of the National Welfare Fund. He clarified that there have been no discussions about creating a strategic reserve of cryptocurrencies similar to the Trump administration’s plan. Kolychev emphasized that cryptocurrency assets, due to their high volatility, will not be added to the fund, which primarily holds CNY and gold.

SUI is on the verge of hitting double digits. Currently, it’s trading just below the weekly trendline support—a level it hasn’t fully breached, as only intraday dips have occurred. This behavior suggests a potential fakeout. Confidence remains high that by the time the weekly candle closes, SUI will reclaim its support, setting the stage for a swift V-shaped recovery and a push towards a new all-time high.

Cardano (ADA) appears set for a potential near-term rally, with analysts suggesting a massive 125% surge to multi-year highs above $2.0. This bullish outlook follows intense whale activity, with over 420 million ADA tokens acquired in just 24 hours. The rally was further boosted by former President Trump’s announcement of plans for a U.S. Strategic Crypto Reserve, which may include Cardano. Although ADA experienced a sharp 70% price jump before settling back near $0.94, it has broken its multi-week downtrend and is poised to retest December highs around $1.30. With technical indicators pointing to a potential move to $2.20, strong investor sentiment and strategic whale positioning could drive Cardano toward a robust recovery, even amid challenging macro conditions.