In a significant move, FTX and its trading affiliate Alameda Research have recently liquidated 3.03 million SOL tokens, valued at approximately $4.313 billion, as reported by LookIntoChain monitoring on March 4th. This unbonding of SOL, a native cryptocurrency of the Solana blockchain, raises eyebrows within the crypto community, particularly given the timing and scale of … Read more
Samson Mow warns that if Trump’s crypto reserve includes random altcoins, it could accelerate market chaos, turning it into speculation rather than a real financial strategy. Samson Mow Analyzes Trump’s Crypto Reserve: Can the President Pick Any Coin? Samson Mow, a prominent bitcoin advocate and CEO of JAN3, voiced skepticism on March 3 on social … Read more
In a recent statement, BitMEX co-founder Arthur Hayes emphasized that Bitcoin continues to serve as the only truly global free market, signaling critical information about fiat liquidity. Hayes noted the cryptocurrency experienced fluctuations, peaking at $110,000 and dropping to $78,000, indicating a potential liquidity crisis despite the U.S. stock market remaining robust. He suggests that … Read more
The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator. The US securities regulator is reportedly offering staff $50,000 to resign or retire by April 4, according to a March 4 Bloomberg report citing … Read more
President Donald Trump announced Monday alongside TSMC CEO C.C. Wei at the White House that Taiwan Semiconductor Manufacturing Company will invest an additional $100 billion in U.S. manufacturing facilities. “This will create hundreds of billions of dollars in economic activity and boost America’s dominance in artificial intelligence and beyond,” Trump said during a press conference, … Read more
Ethereum NFT and tokenization protocol Zora will launch its own token—ZORA—this spring. The platform, which says it’s “been on a multiyear journey of the best way to bring creativity on-chain through tokenization,” will launch its self-described meme coin on Base, the Ethereum layer-2 network. “What started as an experiment six years ago has turned into … Read more
As of March 4th, recent analyses indicate that Bitcoin has transitioned into a **bearish trend**, with gains made over the weekend dissipating entirely. While former President Trump’s remarks regarding cryptocurrency reserves provided a fleeting pause in the downward trajectory, persistent macroeconomic challenges continue to loom large. In recent days, Bitcoin’s price has displayed notable volatility, … Read more
White House Crypto Czar David Sacks sold all his cryptocurrency holdings, including bitcoin and ether, before joining the Trump administration, refuting claims of indirect investments in Bitwise Asset Management. David Sacks Sells Crypto Holdings Before White House Role White House AI and Crypto Czar David Sacks confirmed that he sold all of his cryptocurrency holdings … Read more
President Trump’s recent announcement introducing a national strategic cryptocurrency reserve, featuring altcoins alongside Bitcoin, has left analysts bewildered. The inclusion of Ethereum, XRP, Solana, and Cardano, in addition to Bitcoin, raises questions about feasibility and the rationale behind such diversification as noted by Bernstein analysts. According to their report, “the position of Bitcoin as a … Read more
The US economy could be shrinking at its fastest rate since the COVID-19 lockdown, according to the Federal Reserve Bank of Atlanta’s GDPNow model, which is now forecasting America’s gross domestic product to fall 2.8% in the first quarter. The new forecast differs immensely from just a month ago, which estimated America’s GDP was tracking … Read more