Day: March 7, 2025

Bitcoin Price In Limbo—Consolidating Below $92K Ahead of Next Move

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price started a recovery wave from the $85,000 zone. BTC is back above $87,500 and might struggle to clear the $92,000 resistance zone. Bitcoin started a fresh upward…

The United States Officially Establishes A Strategic Bitcoin Reserve 

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U.S. President Donald Trump has officially made the United States the largest nation-state holder of Bitcoin by signing an executive order this evening to create a Strategic Bitcoin Reserve. The reserve will hold an estimated 200,000 BTC, marking a significant shift in U.S. financial strategy and reinforcing Bitcoin’s role in the global economy. David Sacks, President Trump’s Crypto Czar, provided further clarification on the newly established reserve, stating that the reserve will be funded by Bitcoin already owned by the federal government, specifically assets forfeited in criminal and civil asset…

Canary Capital registers SUI ETF in Delaware

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Key Takeaways Canary Capital filed to establish a trust for a SUI-based ETF in Delaware. The proposed ETF is an initial step towards SEC registration and approval. Share this article Canary Capital has filed to establish a trust entity in Delaware for its proposed Canary SUI ETF—a move that signals a potential SEC submission for regulatory approval. The move comes after World Liberty Financial announced its partnership with the Sui blockchain, with plans to add the project’s native crypto asset, SUI, to its strategic reserve fund “Macro Strategy.” SUI jumped…

Ether sentiment hits yearly low but that could be a good thing: Santiment

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Social sentiment over Ether has hit a new low for the year as the price underperforms that of other cryptocurrencies; however, this could signal that it’s ready to bounce back, according to Santiment.  Santiment’s social sentiment tracker found that traders’ discussions about Ether on various social media channels like X, Reddit and Telegram are more bearish compared to other major cryptocurrencies, the blockchain data platform said in a March 5 X post. “For those patiently holding their Ether, the bearishness being projected across social media is a good sign of…

Bitcoin plunges 6% as Trump’s crypto reserve falls short of hopes

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Bitcoin has plunged approximately 6% after US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve. Market participants had hoped the government would announce a plan to buy more Bitcoin (BTC), but Trump’s crypto tsar David Sacks said on X it would only use the Bitcoin it already holds from criminal cases — though it will look to develop “budget-neutral” strategies to acquire additional Bitcoin. Bitcoin dropped about 6%, falling from $90,400 to $84,979, according to CoinMarketCap data. Bitcoin has slightly recovered since, trading at $86,460…

US customs may have thought Bitcoin miners were radio frequency devices: Luxor

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US Customs and Border Protection (CBP) authorities may have mistakenly seized thousands of Bitcoin miners under the impression that they were illegally imported radio frequency devices. Thousands of Chinese-made Bitcoin (BTC) miners had reportedly been seized at US ports of entry since around September and only began being released again as of a few weeks ago.   The CBP’s move to seize the Bitcoin miners came at the request of the US Federal Communications Commission Agency, industry players have said. However, Bitcoin mining firm Luxor Technology’s chief operating officer, Ethan Vera,…

Donald Trump signs executive order for Strategic Bitcoin Reserve

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Update (March 7, 12:55 am UTC): This article has been updated to add more information from David Sacks’ X post and information on US government crypto holdings. US President Donald Trump has signed an executive order to create a strategic Bitcoin reserve and a digital asset stockpile, says the White House AI and crypto czar David Sacks. “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve,” Sacks said in a March 7 X post. He explained the reserve would initially be funded…

Trump signs executive order to create a strategic Bitcoin reserve

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Key Takeaways President Trump signed an executive order to establish a Strategic Bitcoin Reserve composed of Bitcoin obtained through federal forfeitures. The reserve will hold 200,000 Bitcoin as a store of value and will not proceed with premature sales to avoid losing taxpayer value. Share this article President Donald Trump has signed an Executive Order establishing a Strategic Bitcoin Reserve, using the Bitcoin stash obtained through federal criminal and civil asset forfeiture proceedings, David Sacks, Trump’s AI and crypto czar wrote on X on Thursday. Just a few minutes ago,…