Most Americans Oppose the Creation of a Crypto Reserve
A recent survey conducted by Data for Progress reveals that a majority of Americans are not in favor of establishing a national cryptocurrency reserve. According to the poll, 51% of respondents opposed the idea, while only 34% supported it. The remaining 15% were undecided.
Support for the initiative varies significantly along party lines. Among Republicans, opinion is nearly split: 41% are in favor, while 40% oppose it. In contrast, Democrats show stronger opposition, with 59% against the proposal and only 29% in support.
These findings suggest that while digital assets continue to gain traction, the concept of a government-backed crypto reserve remains highly controversial among U.S. citizens.
North Korean Hackers Convert Stolen ETH to Bitcoin, Amassing $1.12 Billion
The infamous North Korean hacker group Lazarus, responsible for the recent Bybit hack, has been converting stolen Ethereum (ETH) into Bitcoin (BTC).
According to data from Arkham, their total Bitcoin holdings have now reached 13,562 BTC, valued at approximately $1.12 billion.
At this pace, North Korea has effectively positioned itself among the top five nations globally in terms of Bitcoin reserves. This highlights the growing role of cybercrime in the countryās economy, as well as the increasing use of crypto assets for illicit financial activities.
Lazarus has a long history of high-profile cyberattacks, making them one of the most feared hacker groups in the crypto space.
CZ: 99% of Crypto Traders Will Lose to Bitcoin Holders
Former Binance CEO Changpeng Zhao (CZ) shared his perspective on the crypto market: ⢠99% of participants will lose even to simple Bitcoin holding. ⢠4% will actively trade or build projects but still fail to outperform BTC. ⢠To reach the top 1%, āextraordinary effortsā are required.
In response, crypto influencer EmperorBTC commented that CZ could have just pumped Bitcoināwhether legally or illegally. He added that if anything went wrong, CZ had already survived prison once and could do it again.
CZās statement underscores the resilience of Bitcoin and the challenges faced by traders trying to beat the market. Holding BTC, as history suggests, remains one of the most reliable long-term strategies.
Crypto analyst Ali has spotted a classic ācup and handleā pattern forming on the SOL chart. If this bullish setup plays out, Solana could surge to $3,800, setting a new all-time high.
However, at the moment, SOL remains under pressure, trading around $130. To confirm its upward momentum, the price must break through key resistance levels and sustain a strong bullish trend.
Investors are closely watching the market, but for now, Solana is far from its ambitious target. Whether it reaches $3,800 remains uncertain, as such a rally would require a significant influx of liquidity and strong fundamental support.
The X (Twitter) account of the well-known crypto news aggregator DB was hacked, leading to the spread of false information about the TRUMP meme token. The attackers posted a fake announcement claiming that the token would soon have āreal value,ā sparking a surge in market activity.
Following the post, TRUMPās price skyrocketed by 20% as traders rushed to buy in, believing the news to be true. However, once the platform regained control and issued an official statement debunking the claim, the tokenās value quickly corrected itself, returning to its previous level.
This incident once again highlights the vulnerability of social media to market manipulation and the risks of impulsive trading.
The U.S. Securities and Exchange Commission (SEC) has once again postponed its decision on exchange-traded funds (ETFs) tied to Solana, XRP, Litecoin, and Dogecoin. While the regulator has not provided a clear explanation, analysts believe the delay is linked to the fact that Paul Atkins has yet to be appointed as SEC chairman.
Now, investors shouldnāt expect any decisions before April 4, 2025. This prolonged uncertainty affects market sentiment, as the approval of crypto ETFs could bring significant institutional inflows and impact asset prices. Many in the crypto community remain in suspense, closely watching the SECās next steps and hoping for regulatory clarity in the near future.
How the Stock Market Reacts to Trumpās Second Term
Since Donald Trumpās inauguration in 2025, the U.S. stock market has lost $4 trillion, marking one of the most significant downturns in recent history. Investors are increasingly concerned about economic instability, political uncertainty, and potential shifts in trade policy.
In contrast, during his first term, the stock market experienced steady growth, fueled by tax cuts, deregulation, and stimulus measures. However, this time, the marketās reaction has been dramatically different, raising questions about what lies ahead.
While some analysts expect stabilization as the economy adjusts to new policies, others fear that the decline may continue, leading to prolonged volatility.
āI will make the USA the CRYPTO CAPITAL of the world!ā ā Trump just kicked off the first-ever White House Crypto Summit.
Key Takeaways:
š¹ FIFA-Coin Teased: The president of the football federation took the stage to pitch a new token to the American leader.
Trumpās Statements:
š” āNever sell your Bitcoin!ā ā A free piece of advice for crypto holders. š° Bitcoin reserves to become a ādigital Fort Knoxā ā untouchable and secure. North Korea might be shedding a tear! š° 200,000 BTC already held in reserve. š Bitcoin = āDigital Goldā ā Trump fully embraces the narrative. š ZERO taxes on Bitcoin transactions ā a game-changer that could skyrocket the industry. š Not just Bitcoin ā Trump confirmed the reserve will include āother coinsā too. š More purchases incoming ā Treasury & Commerce Departments are considering further acquisitions. āļø Stablecoin regulations coming in August.
David Sacks:
š Regulation is coming ā government officials back the move.
ā” Trumpās administration will REVOKE & REVISE all previous IRS crypto guidelines.
U.S. Bitcoin Reserve: Latest Expert Opinions ⢠āCrypto Kingā David Sacks suggests that the U.S. government is actively building a Bitcoin reserve, with a substantial amount of BTC already on its balance sheet. He believes that other G20 nations may soon follow suit. ⢠Solana co-founder Anatoly Yakovenko views the executive order on Bitcoin reserves as a key step toward reducing regulatory uncertainty in the crypto industry. ⢠Coinbaseās Head of Research argues that this move is highly bullish for Bitcoin in the long run, potentially boosting its market capitalization by hundreds of billions of dollars. ⢠Several analysts see Trumpās executive order as just the beginning. While no concrete figures or detailed plans have been disclosed yet, further developments are expected in the near future.
Many experts believe that other countries may soon adopt similar strategies, further legitimizing Bitcoin as a global financial asset.
Ripple Tried to Get XRP Into the U.S. Crypto Reserve via Solana
Ripple Labs reportedly lobbied the Trump administration to have XRP included in the official U.S. crypto reserve. The company sought government recognition of its token, which could have significantly boosted its legitimacy and adoption.
To strengthen its case, Ripple proposed adding Solana (SOL) alongside XRP, hoping that Solanaās growing reputation would make XRP appear more credible in the eyes of regulators. However, the initiative never gained traction, and XRP remained outside any official U.S. reserves.
This attempt highlights Rippleās long-standing efforts to secure institutional acceptance, despite its ongoing legal battles with the SEC over the tokenās regulatory status.
David Sacks: The U.S. Sold 195,000 BTC for Pennies
Prominent venture investor David Sacks has revealed that over the past decade, the U.S. government sold off 195,000 BTC, generating just $366 million in revenue. These bitcoins were seized in various operations, including the takedown of the infamous Silk Road marketplace.
However, if the government had held onto them, their value today would be around $17 billion. Despite Bitcoinās massive price appreciation, U.S. authorities continue to liquidate confiscated assets rather than retain them as long-term investments. This strategy has drawn criticism from crypto investors who view Bitcoin as one of the most valuable assets in the world
Kiyosaki Calls Those Who Sold Bitcoin During the Recent Crash āLosersā
Renowned investor, entrepreneur, and author of the best-selling book Rich Dad, Poor Dad, Robert Kiyosaki has sharply criticized those who sold their Bitcoin during the latest market downturn, calling them ālosers.ā
According to Kiyosaki, the real winners are those who took advantage of the dip and accumulated more BTC. He believes that when Donald Trump starts buying Bitcoin to help address what he calls Americaās āfinancial insanity,ā the value of the cryptocurrency will skyrocket.
Kiyosaki has long been a vocal advocate of Bitcoin, gold, and silver, urging people to hedge against the instability of traditional financial systems.
Ethereum Reserves on Exchanges Drop to 9-Year Low, Signaling Potential Market Bottom
The amount of Ethereum held on centralized exchanges has nearly reached a nine-year low, fueling investor optimism about a potential market bottom that could pave the way for a recovery toward the psychological $3,000 level.
On February 18, Ethereum reserves across all exchanges dropped to 18.95 million ETHāthe lowest level since July 2016, when the cryptocurrency was trading around $14. This decline suggests that investors are moving their holdings to private wallets for long-term storage, a sign that often precedes price increases.
This phenomenon, known as a āsupply shock,ā occurs when growing demand meets a dwindling available supply, often triggering a price rally. With fewer ETH tokens available for trading, bullish momentum may be building, potentially setting the stage for Ethereumās next upward move.
BREAKING: BYBIT $1 BILLION HACK BOUNTY SOLVED BY ZACHXBT
At 19:09 UTC today, renowned blockchain investigator @zachxbt submitted conclusive proof that the recent attack on Bybit, which resulted in a massive $1 billion hack, was carried out by the infamous Lazarus Group.
ZachXBTās detailed submission included a comprehensive analysis of test transactions, the connected wallets involved in the exploit, and several forensics graphs to support the findings. Additionally, he provided a precise timing analysis to link the exploit to the Lazarus Groupās activities.
The analysis has been shared with the Bybit team to aid in their ongoing investigation. We extend our best wishes to them as they work to address the situation.
Rapper Ye, Formerly Known as Kanye West, to Launch YZY Token
Rapper Ye, previously known as Kanye West, is set to release his own token, YZY, named after his fashion brand Yeezy. The move comes as a way to bypass platforms that severed ties with him due to his controversial anti-Semitic rhetoric, including Shopify. This news was reported by CoinDesk, citing sources close to the project.
The launch was revealed by Yeās alleged financial director, Hussein Lalani, who sent the information to CoinDesk from the email address yeezy.com. Later, three sources connected to the project confirmed the authenticity of the document.
The token distribution is planned as follows: 70% will go directly to Ye, 10% will be allocated for liquidity, and 20% will be for investors. According to the YZY press release, Yeās 70% share in the tokens is structured through a multi-phase vesting schedule, where a portion of the tokens will be locked for up to 12 months, making them unavailable for sale during that period.
Critics argue that such insider-focused distributions give founders an unfair advantage over retail investors.
SafeMoon CTO Pleads Guilty to $200 Million Crypto Fraud
Thomas Smith, the Chief Technology Officer of SafeMoon LLC, has pleaded guilty to two charges of fraud. He admitted to his involvement in a scheme that defrauded SafeMoon investors of $200 million.
Smith now faces a potential prison sentence of up to 45 years. The legal proceedings regarding the companyās CEO are set to begin on April 7.
This admission of guilt highlights the growing concerns surrounding fraud in the cryptocurrency space. SafeMoon, which gained popularity in the decentralized finance (DeFi) sector, is now embroiled in a scandal that has shaken investor confidence. The case serves as a stark reminder of the risks associated with crypto investments.
Bitcoin Is Only Bought by Dying Companies ā Bloomberg
Stagnating companies are increasingly following the example set by Michael Saylor of MicroStrategy, using corporate and borrowed funds not for business development but to purchase cryptocurrency in an attempt to attract investors, according to Bloomberg.
Analysts warn that if the market collapses, such companies could face the risk of insolvency due to the loans they took out to buy Bitcoin. The growing trend of corporations investing in digital assets, rather than improving their core operations, raises concerns about the long-term sustainability of this strategy.
While Bitcoin remains a popular investment choice, it brings significant risks to businesses that rely on borrowed funds to acquire it.
FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison, gave his first major interview from behind bars, accusing the Biden administration of waging a political battle against himādespite his financial support for the Democrats.
He also endorsed Elon Muskās plan to reduce the size of the federal government and, for the first time, openly backed the Republican Party. Meanwhile, his parents are actively seeking a pardon from Donald Trump.
Additionally, SBF claimed that FTX faced a liquidity crisis rather than bankruptcy and could have repaid its customers. However, according to him, lawyers forced him to file for bankruptcy, delaying payouts and creating a negative public image.
LIBRA Crash Wipes Out $251 Million from Investors ā Nansen
Analysts at Nansen Research have calculated that investors in the meme coin LIBRA have collectively lost over $251 million. Their analysis only included wallets with gains or losses exceeding $1,000.
A staggering 86% of traders suffered losses, bringing the total amount lost to a quarter of a billion dollars. Meanwhile, the total profit made in the market amounted to just $180 million. Notably, a significant portion of these gainsā$124 millionāwas concentrated in only 34 wallets, highlighting the uneven distribution of profits.
The collapse of LIBRA serves as another stark reminder of the risks associated with speculative meme coin investments.
What Is Known About the Bybit Hack So Far ⢠The Bybit hack is potentially the largest in history. A total of 401,346 ETH (~$1.46 billion) was stolen, accounting for 16% of all previous crypto-related hacks combined. ⢠Experts suspect that the attack may be linked to North Korean hackers. ⢠Bybit has assured users that their funds remain safe, despite the breach. ⢠Users are still able to withdraw funds, though transactions are experiencing slight delays. ⢠The exchange is taking out loans to cover withdrawal requests and maintain liquidity. ⢠Meanwhile, hackers are actively moving the stolen assets across new addresses, making it harder to trace the funds.