Day: March 7, 2025

Bitcoin Price Crash Incoming? Why A Fall To $63,000 Is Possible If This Resistance Holds

boss

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. The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and…

OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities

Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, The Office of the Comptroller of the Currency (OCC) said, in a new interpretive letter and statement. In a new interpretive letter, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, and run nodes. “The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones,” said Acting Comptroller of the Currency Rodney…

US will use stablecoins to ensure dollar hegemony — Scott Bessent

boss

United States Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7. Bessent reiterated the Trump administration’s promise to end the war on crypto and committed to rolling back previous IRS guidance and punitive regulatory measures. Bessent then turned his attention to stablecoins and said: “We are going to put a lot of thought into the stablecoin regime, and as President Trump has directed, we are going to…

4 reasons why Solana (SOL) price could rally back to $180

boss

Solana native token, SOL (SOL), is up by 17% after falling to a low of $125 on Feb. 28. However, it encountered strong resistance near the $180 mark. More significantly, the current price of $145 represents a 50% decline from its all-time high of $295 on Jan. 19, raising concerns among traders about SOL’s ability to regain bullish momentum. While analysts attribute the sharp decline in SOL’s value to the memecoin market crash, onchain activity has declined across various sectors, including liquid staking, tokenized assets, yield aggregators, synthetic perpetuals, NFT…

Darknet marketplace wallet with over $400M BTC awakens after 9 years

boss

A crypto wallet holding over $400 million in Bitcoin (BTC) linked to the darknet marketplace Nucleus has awakened after nine years, according to Arkham Intelligence. On March 7, the entity controlling the wallet moved $77.5 million in BTC to three new addresses, leaving $365 million in the primary wallet. The wallet had been dormant since April 2016, when the marketplace shut down with 5,000 BTC from vendor and customer deposits. At the time, the funds were worth roughly $2.1 million, according to Arkham’s tracker. Related: Who is the mysterious Bitcoin…

SUI Rallies 15% After Securing Deal With Trump’s Finance Arm

boss

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. World Liberty Financial (WLFI), a DeFi group linked to US President Donald Trump, has added Sui (SUI) to its strategic reserves. The move is part of WLFI’s strategy to…

IAESIR, the First DeFAI Hedge Fund Is Opening to the Public After Raising $2M

This content is provided by a sponsor. PRESS RELEASE. IAESIR, a next-generation DeFi platform, is redefining algorithmic trading with its innovative ecosystem powered by the IAESIR Token (IASR) and exclusive Premium Membership NFTs. With a proven track record of achieving a 60% annual return on assets under management (AUM) last year, IAESIR seamlessly integrates cutting-edge […] Source CryptoX Portal

The Bitcoin bull market isn’t dead yet

boss

US President Donald Trump took investors by surprise last weekend when he directed his digital asset working group to create a cryptocurrency reserve that includes Bitcoin, Ether, Solana, XRP and Solana. After an epic pump, crypto markets reversed course within 24 hours, leaving Bitcoin on the precipice of a bearish trend reversal. Fear and trepidation gripped the markets, with investors wondering whether the bull market had ended prematurely.  A closer look at the business cycle reveals that the Bitcoin bull (BTC) market is far from dead. Things may be about…

Why Bitcoin dropped following the US BTC reserve launch?

boss

On Mar. 7, 2025, crypto investor and Wolf of All Streets podcast host Scott Melker dedicated a huge part of his Wolf Den newsletter to the meaning of the Bitcoin reserve launch and the public reaction to it. Later that day, he added several statements via his X account, explaining the importance of this historic event. The U.S. Strategic Bitcoin Reserve creation Donald Trump promised the launch of the Bitcoin stockpile during his speech in the summer of 2024 at the Nashville Bitcoin conference. Around the same time, Sen. Cynthia…

‘We’ve decided Bitcoin is scarce, it’s valuable’ for US strategic reserve — David Sacks

boss

White House crypto czar David Sacks has further elaborated on the US government’s decision to treat Bitcoin as a special reserve asset, calling it a “scarce” digital resource that could benefit the country over the long term.  In a March 7 interview with Bloomberg Technology, Sacks said, “We’ve decided that Bitcoin is scarce, it’s valuable, and that it’s strategic for the United States to hold on to this as a long-term reserve asset.” Sacks was referring specifically to the roughly 200,000 Bitcoin (BTC) currently in the US government’s possession. However,…