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US Treasury Secretary Advocates for Stablecoins to Maintain Dollar Dominance During the recent White House Crypto Summit held on March 7, US Treasury Secretary Scott Bessent announced a strategic initiative to utilize stablecoins as a means to uphold the US dollar’s position as the world’s leading reserve currency. This declaration marks a significant pivot in…
US Bitcoin Reserve Announcement Triggers Market Volatility Bitcoin’s volatility has surged to unprecedented levels following a recent announcement from US President Donald Trump regarding the establishment of a strategic Bitcoin reserve. This move has led to a notable recoil in futures prices, as traders express mixed reactions to the news. Market Response to the Bitcoin…
Bitcoin Price Poised for New Heights as US Dollar Index Plummets Bitcoin has faced significant challenges in maintaining its value above $90,000, particularly after a drop below $95,000 on February 24. The cryptocurrency has experienced notable price volatility over the past week, with Bitcoin’s realized volatility reaching its highest level since Q3 2024, as reported…
Bitcoin and Ethereum Price Analysis – March 7th Bitcoin is currently attempting to establish a higher low at $85,000, but the recovery effort is encountering significant resistance at the $90,000 mark. This situation indicates a fierce struggle between bullish and bearish market forces. On March 7, Bitcoin rebounded from an intraday low, striving to surpass…
Sen. Warren Demands Financial Transparency from Trump’s Crypto Czar The ongoing scrutiny of financial practices within the U.S. government has taken a new turn as Massachusetts Senator Elizabeth Warren, a prominent Democratic lawmaker, has formally requested financial disclosures from David Sacks, the White House AI and Crypto Czar. This request comes amid concerns regarding potential…
WLFI’s DeFi Credibility Questioned Amid Sui Partnership Sui, a layer-1 blockchain developed by San Francisco-based Mysten Labs, announced on March 6 that it had partnered with World Liberty Financial (WLFI). This collaboration marks a significant step as Sui’s native token, SUI, will be included in WLFI’s “Macro Strategy” strategic token reserve. Both entities are set…
US Government Holds 200,000 Bitcoin in Strategic Reserve In a significant announcement during a March 7 press call leading up to the inaugural White House Crypto Summit, a senior official disclosed that the US government currently possesses approximately 200,000 Bitcoin from forfeiture proceedings, which will be allocated to a strategic reserve. The official stated, “We…
Trump’s Crypto Summit: No Tax Discussions Expected In a surprising announcement, a White House official has confirmed that the highly anticipated Trump crypto summit will not include any discussions on tax implications related to cryptocurrencies. This revelation has raised eyebrows among industry experts and attendees who were hoping for a comprehensive dialogue on the regulatory…
White House Crypto Summit: A Pivotal Moment for the Blockchain Industry The upcoming White House Crypto Summit on March 7 is poised to be a landmark event, bringing together key industry leaders and government officials to discuss the future of cryptocurrency in the United States. This high-profile gathering follows President Donald Trump’s recent executive order…
Bitcoin Soars Towards $90K Amid Positive US Jobs Data The cryptocurrency market is buzzing as Bitcoin approaches the $90,000 mark, driven by recent US unemployment figures that suggest a potential easing of financial policies. The latest nonfarm payrolls (NFP) report came in below expectations, igniting optimism among investors and traders alike. According to trading resource…
