Day: March 6, 2025

Trump may use seized Bitcoin and crypto assets to create US digital asset stockpile

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Key Takeaways President Trump is considering to stop selling confiscated crypto assets and to create a digital asset stockpile. The proposed US reserve would include Bitcoin, Ethereum, Ripple, Solana, and Cardano. Share this article President Donald Trump is evaluating a policy change that would stop the government from selling confiscated Bitcoin and crypto assets from criminal cases, instead creating a national digital asset stockpile, Bloomberg reported Thursday, citing sources familiar with the matter. The evaluation comes as the White House is looking to advance discussions on the initiative at its…

Trump may sign Bitcoin reserve executive order at crypto summit: Report

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US President Donald Trump could reportedly sign an executive order to create a Bitcoin reserve during the White House Crypto Summit on March 7. Such a reserve would be expected to buy more Bitcoin (BTC), in comparison to the US hanging on to the BTC it already owns through criminal seizures, Bloomberg reported on March 6, citing people familiar with the matter. However, a range of options for what could be several crypto-related executive actions are still being considered. Trump could also announce that the US will stop selling crypto…

XRP Price Ready To Bounce Back Above $3 If Bulls Can Hold This Level

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Este artículo también está disponible en español. The XRP price is getting ready to surge to new highs as bulls attempt to hold a critical resistance level. Recently, the cryptocurrency experienced a major breakdown as market downside pressure increased. If it can break above its descending resistance, analysts believe it could bounce back above $3 soon. XRP Price Set To Skyrocket Above $3 A Pseudonymous TradingView crypto analyst known as “MyCryptoParadise” has outlined XRP’s future price trajectory, predicting a surge toward $3.3 for the popular cryptocurrency. The analyst shared a…

Celebrating The Life Of Patricia Trompeter

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One of the perks of my old post was having access to a yacht in FiDi during the summer—yes, for some, that’s called business development. The first time I met Patti, she elbowed her way onto the boat. I had no idea who she was, but she insisted that I didn’t like her, which, of course, made me instantly curious. At the time, I was a bit skeptical of Sphere 3D, especially after the NUMiner announcement. But Patti? She squashed any doubts I had. She was a force—radiating energy, always…

Crypto voters could swing New Jersey gubernatorial race

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The digital asset advocacy organization Stand With Crypto has released data suggesting that the crypto policy positions of candidates in the 2025 New Jersey gubernatorial race could determine the outcome.  According to a March 6 notice, Stand With Crypto said roughly 62,000 people had registered with the organization in New Jersey, suggesting that crypto-minded voters could play a role in the state’s November gubernatorial election. During the last race in 2021, Democrat Phil Murphy defeated challenger Jack Ciattarelli by roughly 84,000 votes, with more than 40% of registered voters turning…

Core Scientific shares drop 18% as Microsoft cuts some CoreWeave deals

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Shares of Bitcoin miner Core Scientific (CORZ) fell 18% on March 6 after reports that Microsoft reduced its commitment to CoreWeave, Core Scientific’s partner. According to the report, CoreWeave missed deadlines and had issues delivering materials needed to scale artificial intelligence models. CoreWeave’s initial public offering filing, dated March 3, says Microsoft is its largest customer, accounting for 35% of revenue in 2023 and 62% in 2024. According to the report, Microsoft still retains some of its contracts with CoreWeave, while CoreWeave denied that any contracts had been canceled. Core…

Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit

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World Liberty Financial, a decentralized finance (DeFi) project backed by President Donald Trump’s family, snatched up more than $20 million worth of digital assets ahead of the White House’s first crypto summit on March 7. According to Bloomberg, a digital wallet tied to World Liberty acquired $10.1 million worth of Ether (ETH), $9.9 million worth of Wrapped Bitcoin (WBTC) and $1.68 million of Movement Network’s MOVE token two days before the summit.  The Trump family launched World Liberty Financial in September during the lead-up to the US presidential election. Once…

US crypto reserve could boost Bitcoin market cap by $460B — Research

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Creating a strategic cryptocurrency reserve in the United States could boost Bitcoin’s (BTC) market capitalization by roughly 25%, or approximately $460 billion, according to an analysis by Sygnum Bank shared with Cointelegraph.  US President Donald Trump’s plans for a national crypto stockpile, along with similar proposals across dozens of US states, could trigger a multibillion-dollar buying spree with a 20x multiplier effect on Bitcoin’s price, according to Sygnum, a crypto asset manager. “Because the liquid supply of bitcoin is very small […] larger inflows cause upward price shocks,” Katalin Tischhauser,…

Bitcoin price rebound breaks down before key level is hit — Here is why

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Bitcoin (BTC) gained 6.8% between March 5 and March 6, briefly reclaiming $92,000. However, the trend reversed after the S&P 500 fell 1.3%, triggered by a warning from Philadelphia Federal Reserve President Patrick Harker about the US economy. Other factors also kept Bitcoin’s price below $95,000, such as rising tensions in Ukraine and uncertainty over potential US digital asset strategic reserves. S&P 500 futures (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph Philadelphia Fed president Harker said there is growing evidence that the consumer sector is “under stress,” especially for…

Sam Bankman-Fried celebrates 33rd birthday in prison

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Former FTX CEO Sam “SBF” Bankman-Fried, sentenced to 25 years in 2024 for his role in misusing customer funds, gave another interview from prison before his 33rd birthday. Speaking to right-wing political commentator Tucker Carlson on March 5, Bankman-Fried talked about prison life since his sentencing and his thoughts on crypto regulation in the United States. Though Carlson did not directly ask the former FTX CEO whether he expected to receive a pardon from US President Donald Trump, SBF seemed to warm to some Republican ideas during the interview. Sam…