3.07 Stock Market and Cryptocurrency Morning Brief Summary
US Stock Market Plummets, Trump Remains Calm
The US stock market is in freefall, yet Trump claims he doesn't care about it. Can all the blame really fall on global investors? When the stock market rises, it's the American people buying, and when it falls, it's the global citizens selling? Happy Women's Day, but we won't take the blame for the stock market!
BTC Awaits Trump, Result...
Everyone is waiting for Trump's executive order on cryptocurrencies, but he just hoards and doesn't buy. Tonight's White House crypto dinner, let's see if there are any new tricks. The US stock market is also falling, but that really isn't our concern!
ETH Follows BTC Down
ETH is just BTC's little sidekick; when BTC falters, ETH goes down directly. Good news? Not at all, unless you want to say that the big guys are all trapped.
SOL Crashes Early
SOL started crashing early in the morning and didn't even wait for the White House crypto dinner. From 150 to 135, the brothers are really smashing it down!
Trump Signs Executive Order
Trump wants to establish a strategic Bitcoin reserve, but it seems he won't buy from the market. Not selling is at least a stroke of luck?
Trump Postpones Tariffs on Mexico-Canada
Trump signed an amendment to postpone tariffs on Mexican-Canadian goods that comply with the US-Mexico-Canada Agreement, only imposing them on East Asia.
Federal Reserve Won't Lower Interest Rates
Federal Reserve Governor Waller stated that there will be no interest rate cut this month.
New JTO Token Model
The jito_sol Foundation proposed a new JTO token economic model that includes a buyback mechanism.
SBF Frequent Appearances
Why has SBF been appearing frequently lately? He also mentioned that political donations influence verdicts. After disappearing for two years, is he making a comeback?
Bybit Theft Incident
The Bybit theft incident was carried out by the North Korean hacking group TraderTraitor. The attackers infiltrated the laptop of Safe developers. This time, let's see if Safe compensates, it has nothing to do with Bybit.
Summary:
When Trump says he won't buy but will hoard, everyone starts to panic sell. But don't forget, the Americans still hold quite a bit of BTC! Ultimately, we must rely on our own strength and not always depend on others.
