Speaking of separating Bitcoin strategic reserves and digital asset reserves, isn't it? This drop is somewhat inexplicable. It has been confirmed and signed, which is a positive sign. Not selling is also a positive sign. With a solid position, it is even more positive. People are saying that the current reserves are over 200,000 coins. After that, the 'plan to purchase more Bitcoin in a way that does not increase the burden on taxpayers' becomes a negative sign? Negative signs should be among the options for digital asset reserves, including other digital assets obtained through forfeiture procedures besides Bitcoin. These assets may include XRP, ADA, ETH, SOL, or something else. For this, they will not actively seek to purchase more reserve assets but will be limited to the seized assets, becoming responsible for asset management. This early morning, without regard to the situation, they just slammed the market. Have they considered people's feelings when they wake up in the morning? 💢
So when the crypto summit starts, what will they say? Will they touch a little sensitive spot and end up causing infinite fluctuations again?
It's a bit free tonight, spent a few hours scrolling through Twitter, most of the big accounts are hinting that the bull market is over, right? Isn't this bull market so inexplicable? Nothing interesting has come out, no new exciting applications for me to try, and nothing that gives me a thrilling feeling about the industry's future has emerged, yet everyone is telling me this bull run is dead?!? Just looking at the prices, huh! That makes sense. I'm looking at the prices too... Well then, can we just directly declare that blockchain is dead?
It turns out it's because of this. It's my fault for going to bed too early. Haven't bought the intercom yet? You guys were chatting away in the group while I was sleeping soundly in my dreams. Following the news, Tether has minted another 1 billion USDT on Ethereum. Ironically, at this time yesterday, I remember seeing someone holding $200 million in Ethereum and Bitcoin long positions with 50x leverage, so why?? This strategic reserve is a 'double-edged sword' transformation. It can ignite market enthusiasm, but the concerns about privacy, security, and potential market manipulation are also a hurdle.. Trump's use of verbal intervention has become increasingly skillful. #美国加密战略储备#XRP、SOL、ADA纳入美国战略储备?
On March 17, CME launched Solana futures. What is the motivation behind this timing? The favorable news may indicate that SOL is viewed as a commodity, accelerating ETF approvals and the entry of traditional financial institutions, leading to short-term volatility. So according to news from January, will the next one be XRP? #芝商所将推出SOL期货
A few days ago, Bybit experienced the largest hacking incident in its history. The source of the attack was due to the breach of Safe's infrastructure, specifically through injecting malicious JavaScript into Safe's user interface, targeting a specific backdoor designed for Bybit's signers. The responsibility is quite clear. It cannot be said that because Safe's core technology was not affected, it is not a flaw in the contract itself; it merely obscured the responsibility due to an issue at the infrastructure level.
The world of cryptocurrency has always been like an amusement park, full of opportunities but also hiding various risks. Hacking attacks and exploits feel like an unavoidable 'growing pain'.
Originally, it was supposed to give ordinary people more control, but every time such a major incident occurs, it feels like we are one step further from that ideal. Those individuals make a fortune, while users and platforms have to deal with the aftermath, leaving us to believe in the self-repairing ability of this industry. Like nature, life will slowly recover after the storm.
Oklahoma's strategic Bitcoin reserve bill passed the House Government Oversight Committee with a vote of 12 to 2, allowing public funds up to 10% to be invested in BTC or other digital assets with a market cap > $500 billion. Only the full House debate remains. A benchmark has been set, next up are Ohio and Texas.
The last time it was below 20 was around May 8, 2022, and it took a full 2 months until early July to get back above 20. Now that it has fallen, let's make the best of it and make friends with time.