Day: March 7, 2025

Sen. Warren requests financial disclosures from Trump’s crypto czar

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Massachusetts Senator Elizabeth Warren, ranking member of the Senate Banking Committee, is asking for White House AI and Crypto Czar David Sacks to back up his claims that he no longer holds any digital assets. In a March 6 letter to Sacks, Sen. Warren suggested US President Donald Trump and “other private individuals” would directly benefit from the executive branch’s digital asset policies. She expressed concerns about Sacks’ potential conflicts of interest, requesting he make any financial disclosures with the Office of Government Ethics public and provide information about his…

Coinbase Stock (COIN) Initiated With Buy Rating at Rosenblatt

Along with stocks in general and crypto markets in particular, it’s been a rough few weeks for Coinbase (COIN), its shares sporting a decline of about 30% since mid-February and a 40% drop since hitting a 52-week high in early December. Investment firm Rosenblatt spies opportunity, saying investors will benefit from buying the dip as the exchange remains set to profit from the Trump administration’s pro-crypto stance. “COIN is the clear blue chip in the sector and should be a beneficiary of multiple positive tailwinds,” Rosenblatt analyst Chris Brendler wrote,…

WLFI’s DeFi credentials under fire after Sui partnership

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Sui, a layer-1 blockchain developed by San Francisco-based Mysten Labs, announced on March 6 that it had partnered with World Liberty Financial (WLFI). As part of the deal, Sui’s native token, SUI (SUI), will be included in WLFI’s “Macro Strategy” strategic token reserve, and both entities will explore product development opportunities together. WLFI, a decentralized finance (DeFi) protocol, has drawn controversy due to its ties to the family of US President Donald Trump. While WLFI insists that none of Trump’s family members hold an officer or director position, Eric Trump…

Nasdaq stock exchange to offer 24-hour trading 5 days a week

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The Nasdaq stock exchange will offer 24-hour trading, Monday through Friday, with the change in trading hours expected to take place in the second half of 2026, subject to regulatory approval. According to a March 7 statement from Nasdaq president Tal Cohen, the growing international demand for Nasdaq-linked exchange-traded funds (ETFs) and US equities warrants an extension of trading hours. Cohen wrote: “Over 56 exchange-traded products have launched in the last five years tracking the Nasdaq-100 Index, and 98% of these products were introduced outside of the United States.” “Total…

‘We have about 200,000 Bitcoin left’: Senior White House official

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In a March 7 press call ahead of the first White House Crypto Summit, a senior White House official said the US government holds about 200,000 Bitcoin from forfeiture proceedings for its strategic reserve. “We believe we have about 200,000 Bitcoin left, and we’re placing those in the strategic reserve so that we do have a long-term strategy to maximize its value,” they said. According to the official, the US government came into possession of roughly 400,000 Bitcoin (BTC) through various criminal and civil proceedings, including the infamous Silk Road…

Fold buys 475 Bitcoin, enters top 10 of US companies holding BTC

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Fold Holdings has added 475 Bitcoin to its corporate treasury, increasing its total holdings to over 1,485 BTC.  The acquisition, made through a convertible note issuance with a conversion price of $12.50 per share — more than double FLD’s March 5 closing price — places Fold among the top 10 U.S. public companies with the largest Bitcoin (BTC) treasuries. This means that Fold’s Bitcoin holdings are currently worth over $135 million.  Powering the ‘next generation’ of financial services The company’s flagship product, the Fold app, allows users to earn Bitcoin…

Bitcoin Stalls Even as Trump Establishes Strategic Bitcoin Reserve

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In a historic move on Thursday, President Donald Trump signed an executive order establishing a national strategic bitcoin reserve, but the digital asset’s price didn’t budge. Market Shows Little Reaction to Trump’s Strategic Bitcoin Reserve President Donald Trump signed an executive order establishing the long-awaited national strategic bitcoin reserve on Thursday, but it appears traders […] Original

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 President Donald Trump’s crypto summit on March 7 will not cover taxes but instead focus on rolling back damaging 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 at 10:00 am ET. Instead, the summit will be a venue for industry…

Blockchain industry braces for White House Crypto Summit: What to expect

Crypto business leaders and US government officials are set to meet at the White House Crypto Summit on March 7, a high-profile event that follows President Donald Trump’s executive order to establish a strategic Bitcoin (BTC) reserve and national digital asset stockpile. The event — the agenda of which is not yet public — will feature prominent figures from the crypto industry, including Strategy executive chairman Michael Saylor, Coinbase CEO Brian Armstrong and White House AI and Crypto Czar David Sacks. The Trump administration has moved quickly on a number…

White House Crypto Summit: Trump’s $17B Bitcoin Reserve Stokes Bullish $100K Predictions

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On Thursday, U.S. President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the federal government to strategically manage seized cryptocurrencies as financial assets amid growing global interest in digital currencies. $100K Bitcoin in Sight? Trump’s Digital Asset Reserve Removes $17B Sell-Side Pressure President Donald Trump signed […] Original