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#JELLYJELLYFuturesAlert 🚨 Whale Dumps $JELLY: $12M HLP Hit & Hyperliquid Delisting Shocker A whale dumped $4.85M in $JELLY, causing a $12M loss for Hyperliquid’s HLP. Then, Hyperliquid delisted $JELLY—what happened? Full breakdown inside. ## **💥 What Went Down with $JELLY?** 💥 The $JELLY Meltdown – What Went Down? A whale holding 124.6M $JELLY ($4.85M) pulled off a high-stakes pump-and-dump, wreaking havoc on liquidity and leaving Hyperliquid’s HLP in the red. Here’s how the drama unfolded: 1️⃣ Massive Whale Dump – The sell-off crushed $JELLY’s price. 2️⃣ HLP Caught in the Crossfire – Hyperliquid’s HLP was forced into a short position, suffering $12M in losses. 3️⃣ Whale Rebuys Cheap – With prices at rock bottom, the whale swooped back in, triggering a short squeeze. 4️⃣ Hyperliquid Drops the Hammer – The exchange delisted $JELLY, forcefully closing all positions at $0.0095—securing themselves a $700K profit in the process. 📌 What This Means for Traders 🔹 Market Manipulation is Real – Even institutional-grade liquidity providers aren’t immune to whale plays. 🔹 Exchange Trust Issues – Hyperliquid’s sudden delisting raises serious concerns about trader protection. 🔹 DYOR is More Important Than Ever – Low-cap tokens like $JELLY are prime targets for manipulation. Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
i don't know whether it is legit news of fake but knew that is is scam ponzi scheme operated by Pakistaan
#TreasureNFT is shutting down in 120 HRS—after taking users' funds. They admit they "fell short," but was this always the plan? Smells like a rug pull. Retweet to expose them. #TreasureNFT
U.S. government holds $16B in Bitcoin, eyes 1m BTC under new bill
As of March 12, the U.S. government controls 195,234 Bitcoin, valued at more than $16 billion, according to a new Nansen report. The government’s crypto portfolio also includes $4.6 million worth of Ethereum (ETH), stablecoins such as USDC, and yield-bearing assets DAI and AUSDC_V2. A newly proposed bill, introduced by Rep. Nick Begich, could dramatically increase the government’s holdings. The House Strategic Bitcoin Bill aims to acquire 1 million BTC, implying roughly 5% of Bitcoin’s total supply, over the next five years. If passed, the dollar value of the purchases at today’s market price would be just shy of $110 billion.
Implications for the Market
If the bill passes, the U.S. government’s Bitcoin holdings would surpass the estimated 1.1 million BTC attributed to Bitcoin’s mysterious creator, Satoshi Nakamoto. This would give the government significant influence over market liquidity and price stability, potentially driving up Bitcoin’s value and reshaping market dynamics. However, this level of ownership raises concerns about the centralization of a traditionally decentralized asset. Large-scale acquisitions could make the government a price setter in the Bitcoin market which some argue stands against the original ethos of cryptocurrency.
NFT sales slip 7.8% to $109m, CryptoPunks sales reverse 55%
The NFT market has pulled back alongside deepening crypto weakness, with Bitcoin falling to $83,000 and Ethereum dropping to $1,900. The overall crypto market cap has shrunk further to $2.73 trillion from last week’s $2.83 trillion. Non-fungible token sales volume has decreased to $109.2 million, according to CryptoSlam data. That’s a 7.84% decline from the previous week. However, market participation metrics tell a very different story, with buyer and seller numbers surging dramatically. The weekly data reveals these contrasting trends:
Sales volume fell to $109.2 million from $121.5 million Buyers soared 697.00% to 204,693 Sellers jumped 419.23% to 133,708 Transactions decreased 5.46% to 1,497,932
Courtyard maintained its lead with $12.2 million in sales, up 3.63%. However, its transaction count fell 33.56% to 93,805. DMarket held second place with $9.8 million, down 2.40% and keeping high volume with 316,386 transactions. BRC-20 NFTs dropped to third with $5.6 million, falling 23.41%. Quantum Cats, a new Bitcoin collection, surged to fourth place with $3.9 million, up 349.19%. CryptoPunks fell to fifth with $3.1 million, dropping 55.55%. Paradise slid to sixth with $2.7 million, down 72.58%. Guild of Guardians Heroes took seventh with $2.2 million, falling 32.65%, while Pudgy Penguins occupied eighth with $2.1 million, down 11.44%.
#TexasBTCReserveBill President Donald Trump’s executive order to establish a Strategic Bitcoin Reserve marks a pivotal moment in the U.S. government’s approach to digital assets, and possibly even in monetary history. By directing the retention of approximately 200,000 bitcoins seized through criminal and civil proceedings, the administration aims to create a "digital Fort Knox" for bitcoin, positioning it as a long-term store of value akin to gold. A strategic shift in federal bitcoin policy is thus accompanied by an all-important distinction between bitcoin and other digital assets.
For many bitcoin enthusiasts, the establishment of a Strategic Bitcoin Reserve aligns closely with their aspirations for broader recognition and adoption of the digital currency. Although some have expressed reservations about the implications for individual liberty of government-held bitcoin, these concerns are not predominant among bitcoin proponents.
Strategic Bitcoin Reserve: A Paradigm Shift in Bitcoin Policy The executive order, titled "Strategic Bitcoin Reserve and Digital Asset Stockpile," mandates a comprehensive audit of the federal government’s digital asset holdings. This audit is crucial, as it addresses longstanding ambiguity surrounding the exact quantity of bitcoin in federal possession. David Sacks, the White House's AI and crypto czar, emphasized that while estimates suggest the government holds about 200,000 bitcoins, a complete audit has never been conducted. The order rectifies this oversight, ensuring transparency and accountability in the management of these assets.
A significant aspect of the order is the directive to retain all accumulated bitcoin, prohibiting its sale. This has the effect of treating bitcoin as an asset with long-term value, akin to gold, rather than a deposit account available for immediate fiscal needs.
The order also authorizes the Secretaries of Treasury and Commerce to develop budget-neutral strategies for acquiring additional bitcoin, provided these strategies do not impose incremental costs on taxpayers.
President Trump Signed the Executive Order for Bitcoin's Strategic Reserve – Why is BTC Collapsing?
The President of the United States, Donald Trump, has just signed an executive order to establish a strategic Bitcoin reserve. This gesture marked a historic moment for the largest crypto in the world. Yet the immediate reaction of the market has been negative, with a drop in the price of BTC. Currently, Bitcoin is traded around 87,000 $, down 3% today. The market seems disappointed by the announcement of the Bitcoin strategic reserve.
Trump Signs the Executive Order To Create A Strategic Bitcoin Reserve
A post on X by David Sacks, the “czar of the crypto and artificial intelligence” of the White House, explained the matter better. In practice, the reserve will initially be financed with Bitcoin already in the possession of the federal government, estimated at around 200,000 BTC.
Sacks also stressed that the Treasury and Trade Secretaries have been commissioned to develop zero-cost strategies to acquire new Bitcoins.
And it is precisely here that the initial disappointment of the market could lie. Some traders may have bet that the executive order would also provide new BTC purchases to strengthen the strategic reserve.
Several analysts had fueled expectations that the reserve would add new demand to the market this week.
Among these, the CIO by Bitwise, Matt Hougan, had speculated that the reserve would be “bigger than people think”.
If the market continues to consider the announcement of Bitcoin's strategic reserve disappointment, BTC's price could align with the negative performance of this week's US equity markets.
#Bitcoin in a dive: what happens to the queen of the cryptos
What happens to Bitcoins? Over the past month, the queen of cryptocurrencies has lost more than 20% of its value, but it has become worrying in the past few hours. Around 1pm (Italian time), Bitcoin was traded at $ 80,472, with the price also falling below the 80,000 threshold. The rises in recent months when - thanks also to Trump's victory - the currency has exceeded 100 thousand dollars by now. The drop, according to insiders, could be due to the fear of the new duties announced by the American president. The hypothesis of a brake on trade is wreaking havoc in the markets by convincing investors that it is better to focus on safer assets and less subject to sudden ups and downs.
The Analyst: "The price could even Reach 70 thousand Dollars"
As Simon Peters, eToro's crypto markets analyst, explained just a couple of days ago, Bitcoin "resisted relatively well to market uncertainty until the $ 92,000 level was broken, which had remained as support since November 2024. I suspect this caused a cascade of liquidations of positions, adding further downward pressure on the price. "
The past, the analyst points out, "teaches us that the price may still drop from here. Typically, retracements of 25-35% occur in the Bitcoin bull markets before finding a base and starting the next upside phase. The price has fallen by 20% compared to the historical maximum of 109,300 dollars. A 35% retreat would bring the price to $ 70,000. I'm not saying that the price will certainly drop so much, but it's possible. Although it is understandable that investors may feel frightened by volatility, retracements in the price of any asset class or instrument are normal and expected, and we should remember that we are still up 70% compared to this period last year. Investors with cash liquidity and who have a long-term belief in bitcoin can see this moment as an appropriate time to add additional holdings. "