The Bitcoin and crypto market faces a week of pivotal events.

All eyes are on Washington, D.C. as Bitcoin's near-term trajectory may hinge on an event scheduled for March 11.

The Bitcoin and crypto market faces a week of pivotal events. From a senator’s move on Bitcoin legislation to Solana’s first SEC ETF deadline, there’s plenty to keep an eye on. Here’s a look at five things to watch in the coming days:

1. Senator Lummis May Present New Co-Sponsors for BITCOIN Act

All eyes are on Washington, D.C. as Bitcoin’s near-term trajectory may be influenced by an event scheduled for Friday, March 11. Senator Cynthia Lummis, a vocal proponent of pro-Bitcoin and crypto legislation, is set to co-host the “Bitcoin for America” summit with the Bitcoin Policy Institute.

The event will bring together key figures, including Vivek Ramaswamy, Michael Saylor, and Paolo Arduino, for a series of discussions. Among the highlights will be a fireside chat with Jack Mallers, CEO of Lightning Network firm Blockstream.

This gathering follows several high-profile developments, such as President Donald Trump’s announcement of the Strategic Bitcoin Reserve, the first-ever White House Crypto Summit on March 7, and Lummis’ introduction of the BITCOIN Act last year.

The senator’s proposal recommends the US Treasury acquire 1 million BTC over five years, investing in maintenance and cybersecurity for the Bitcoin network.

Rumors suggest Lummis may present new co-sponsors for her Act at the upcoming summit.

The senator’s bill, co-sponsored by Senator Steve Kline, passed the Senate Banking Committee last year. However, it stalled in the Senate despite bipartisan support.

Lummis’ initiative focused on designating Bitcoin as the world’s primary reserve asset and recommending that the US Treasury be granted authority to acquire 1 million BTC incrementally.

Moreover, her bill proposed a framework for evaluating any future digital asset legislation based on seven key criteria, aiming to ensure comprehensive and balanced regulation.

2. SEC Faces First Deadline on Multiple Spot Solana ETF Applications

Solana approaches an important milestone on March 11, when the US Securities and Exchange Commission (SEC) faces its first deadline to respond to multiple spot SOL exchange-traded fund (ETF) applications.

Prominent asset managers—VanEck, Grayscale, and 21Shares—have filed proposals amid optimism for a more accommodating regulatory stance.

After a year-long delay, the SEC is set to rule on the first-ever Bitcoin ETFs, with several applications now pending.

Despite this progress, skepticism persists regarding approval of any altcoin ETFs at this early stage, especially given that new SEC Chair Paul Atkins has yet to assume office. Some observers speculate the agency’s interim leadership may opt to postpone any decision.

Discussing the broader altcoin ETF landscape, Bloomberg ETF analysts James Seyffart and Eric Balchunas assigned a 70% probability to a Solana ETF being approved by 2025.

This follows their assessment of Litecoin (90%) and Dogecoin (75%) ETF approval odds. In contrast, they saw a lower 65% probability for an XRP ETF.

However, Seyffart and Balchunas noted that these assessments are based on their own observations and not on any internal SEC projections.

3. Network of Layer 2 Solutions Using Move Programming Language Launches Officially

March 10 will see the official launch of Movement, a network of Layer 2 solutions utilizing the Move programming language.

Originally developed by Meta for its Diem project, Move is designed to enhance blockchain scalability and security, aiming to attract an audience of DeFi protocols seeking efficient, resource-oriented environments.

The language provides safeguards against reentrancy attacks and prioritizes asset safety, setting it apart from conventional EVM-based solutions.

With anticipation building among developers, Movement is positioning itself as a potential rival to Arbitrum and Optimism, aiming to attract both capital and innovative projects in the coming weeks.

4. Aave DAO to Decide on sGHO Savings Product and Aave Savings Rate

Within the Aave DAO, a proposal to create sGHO—a savings product linked to the GHO stablecoin—has become a focal point.

This initiative also involves introducing an Aave Savings Rate (ASR), leveraging native Aave lending rates and a portion of GHO borrow revenue to incentivize participants.

Stani Kulechov, Founder and CEO of Aave, described the plan on X last week:

Aave is proposing to create sGHO savings product by introducing Aave Savings Rate (ASR). sGHO is a new low-end risk profile savings product for earning yield on GHO based on native aave lending rate and incentivized rate collected partially from GHO borrow revenue. No withdrawal or deposit fees. I expect sGHO to grow GHO between 300-500M outstanding GHO.

He added:

Just to give a comparison from revenue perspective, each 100M GHO earns the same amount of revenue for the Aave