Month: March 2025

Secretary Bessent calls for US Bitcoin and crypto dominance ahead of Trump’s summit

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U.S. Treasury Secretary Scott Bessent wants Washington on the frontfoot for global Bitcoin adoption and crypto policy. Ahead of the White House crypto summit, President Donald Trump’s Treasury Secretary Scott Bessent joined other pro-crypto cabinet members to champion digital asset-friendly rhetoric in the media.  Creating a national Bitcoin (BTC) investment strategy was a major crypto promise during Trump’s campaign trail. In January, the President signed an executive order to explore a U.S. digital asset stockpile, which many expect would include BTC. Trump released another crypto EO on March 6, distinctly…

Treasury Secretary Signals US Plans to Acquire More Bitcoin for Reserve

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The U.S. plans to acquire more bitcoin to expand its strategic reserve beyond seized assets, Treasury Secretary Bessent said, outlining the government’s approach to crypto accumulation. Treasury Secretary Bessent Unveils Plan for America’s First Bitcoin Reserve Treasury Secretary Scott Bessent shared plans on Friday for the United States to build a strategic bitcoin reserve following […] Original

Treasury Secretary Scott Bessent says US should bring BTC onshore

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US Treasury Secretary Scott Bessent recently called for bringing Bitcoin (BTC) onshore and said he would discuss the next steps for possibly acquiring more BTC at the White House Crypto Summit on March 7. Bessent appeared in a CNBC interview and criticized the US government’s previous sales of Bitcoin. The treasury secretary told the interviewer: “I’m a big proponent of the US taking the worldwide lead in crypto. I think we have to bring it onshore and use our best practices and regulations. I think that the Bitcoin Reserve —…

Ethereum Holds Key Support Amid Volatility – Can Bulls Break $2.3K To Regain Momentum?

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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. Ethereum (ETH) has faced massive selling pressure and volatility over the past month as the crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty gripping the…

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

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…

What Crypto to Buy to Weather the Market Dump After Trump’s Executive Order On US Bitcoin Reserve

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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. Investors are rooting around today figuring out what crypto to buy, after President Trump’s Bitcoin executive order mandated no new federal government crypto purchases. Instead, the proposed US Strategic…

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

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US 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 an 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 profit remains 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…

What Key Holders Did Next

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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. In crypto, wild price swings are normal when policies and new regulations are announced. This market observation became evident this week, immediately after US President Donald Trump announced plans…

The Historic Dangers of Politicizing Our Civil Service

President Donald Trump and Elon Musk are working to dramatically reduce the size of the federal civil service. They have already laid off numerous government employees who work on issues ranging from food safety to wildfire mitigation and are threatening to expand layoffs. These developments accompany an executive order that looks to convert a wider share of the civil service into at-will employees who can be more easily dismissed by the administration and replaced by people deemed more loyal to the president. Today’s civil service is the product of hard-fought…

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…