Day: March 7, 2025

Trump’s crypto summit ‘not going to have anything on taxes’ — White House official

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A senior White House official has confirmed that US President Donald Trump’s crypto summit on March 7 will not cover taxes but instead focus on rolling back the anti-crypto policies pursued by the former Biden administration. “There’s not going to be anything on taxes. You know, the crypto internet is rife with rumors. […] I don’t know how some of these things get started,” a senior White House official said in a virtual preview of the crypto summit held on March 7 at 2:00 pm UTC. Instead, the summit will…

The Clock Is Ticking While You Do Nothing

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Bitcoin does not exist in a vacuum. It does not exist outside the flow of time. We cannot just sit on our hands and do nothing while chasing the perfect, flawless, no downside improvements to this network and protocol.  The real world does not stop.  Yesterday the most powerful nation state on the planet officially instituted a Strategic Reserve of Bitcoin. We are past the point of no return on a path now. Governments are here, they are paying attention, they are actively participating now. The level of that participation…

How Global Liquidity Fuels Bitcoin Price Growth

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Bitcoin price fluctuations are frequently evaluated using on-chain metrics, technical indicators, and macroeconomic trends. However, one of the most underappreciated yet significant factors in Bitcoin’s price action is Global Liquidity. Many investors may be underutilizing this metric or even misunderstanding how it impacts BTC’s cyclical trends. Impact on Bitcoin With increasing discussions on platforms like Twitter (X) and analysts dissecting liquidity charts, understanding the relationship between Global Liquidity and Bitcoin has become crucial for traders and long-term investors alike. However, recent divergences suggest that traditional interpretations might require a more…

1inch suffers $5M hack due to smart contract vulnerability

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Decentralized exchange aggregator 1inch lost $5 million in cryptocurrency when a hacker exploited a smart contract vulnerability, the platform confirmed. On March 5, 1inch identified a vulnerability affecting resolvers — entities that fill orders — using the outdated Fusion v1 implementation, which was made public a day later. Source: 1inch Network Tracing the $5 million 1inch hack On March 7, blockchain security firm SlowMist found through an onchain investigation that the 1inch hacker made away with 2.4 million USDC (USDC) and 1276 Wrapped Ether (WETH) tokens. Source: SlowMist According to…

Trump’s Treasury Secretary Scott Bessent says Bitcoin acquisition plans are in discussion

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Key Takeaways The US government is evaluating plans to establish a Strategic Bitcoin Reserve. Treasury Secretary Scott Bessent emphasizes the need to stop selling seized Bitcoin before expanding the reserve. Share this article Treasury Secretary Scott Bessent said Bitcoin acquisition plans are in discussion and the government will evaluate the path forward. Speaking on CNBC’s Squawk Box on Friday, Bessent shared his perspective on President Trump’s recent order to establish a Strategic Bitcoin Reserve, alongside the tariffs policy and more. “Generally, I’m a big proponent of the US taking the…

Bitcoin analysts predict limited upside after BTC reserve disappointment

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Bitcoin analysts are signaling limited upside potential for the cryptocurrency following disappointment over US President Donald Trump’s Strategic Bitcoin Reserve plan, which did not involve direct government purchases of Bitcoin, contrary to some expectations. Trump’s executive order, signed on March 7, outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases rather than actively acquiring Bitcoin (BTC) through market purchases, Cointelegraph reported. Bitcoin plunged over 6% after the announcement, falling from $90,400 to $84,979, Cointelegraph Markets Pro data shows. BTC/USD, 24-hour chart. Source: Cointelegraph Bitcoin’s…

Donald Trump’s memecoin generated $350M for creators: Report

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President Donald Trump’s cryptocurrency project has generated at least $350 million in revenue from the launch of the Official Trump (TRUMP) memecoin, according to a new analysis by the Financial Times. Entities involved in operating the TRUMP memecoin have earned at least $314 million from token sales and $36 million from fees on the Solana blockchain, the FT reported on March 7. While Trump’s personal profits remain unclear, the memecoin’s official website, Gettrumpmemes.com, states that The Trump Organization-affiliated CIC Digital and Delaware-based Fight Fight Fight collectively own 80% of the…

Trump’s Bitcoin reserve order reshapes institutional crypto investment

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President Donald Trump’s executive order establishing a US Strategic Bitcoin Reserve and a National Digital Asset Stockpile is expected to be a catalyst for wider Bitcoin adoption, according to investment analysts and crypto industry leaders. On March 6, Trump acknowledged the need to “harness” the power of digital assets while signing the executive order for crypto assets, which states: “Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic Bitcoin reserve.” Ryan Rasmussen, the head of research…

What happens if it follows the US playbook?

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Update March 7, 11:32 am UTC: This article has been updated to add Jan3 CEO Samson Mow’s X post. As the United States moves forward with its Strategic Bitcoin Reserve, speculation is growing over whether China will respond with its own national crypto strategy. On March 7, US President Donald Trump signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” The reserves will initially be funded using Bitcoin (BTC) and other digital assets seized in government criminal cases. With the US shifting its stance on…

Trump’s White House Crypto Summit: Confirmed attendees so far

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Update (March 7, 10:00 am UTC): This article has been updated to reflect up-to-date information on the confirmed attendees of the first White House Crypto Summit and recent related events. As US President Donald Trump prepares to host the first White House Crypto Summit on March 7, more than 20 key industry leaders have been confirmed as attendees. The roundtable, scheduled from 6:30 pm to 10:30 pm UTC, is expected to include more than 25 participants, including members of the Presidential Working Group on Digital Assets, according to Fox Business…