Trump's Bold Bet on Bitcoin: Creating America's 'Digital Fort Knox' at Zero Cost! Confiscated Becomes National Treasure: Bitcoin Reserve Launch
Trump made a big move tonight by signing an executive order, announcing the birth of America's first strategic Bitcoin reserve! This isn't about wasting taxpayers' money, but is entirely supported by crypto 'spoils' confiscated by the federal government. White House crypto mogul David Sacks declared: 'All reserve funds come from Bitcoin seized in criminal and civil cases, not a dime from taxpayers!'
Digital Fortress: A Promise Never to Sell
Trump boldly stated that this reserve can be called 'Digital Fort Knox', vowing to lock up Bitcoin and never repeat the past mistake of selling it off for $17 billion. The strategy is clear: long-term holding, preserving and increasing value, creating a safe haven for national digital wealth.
Not Just Bitcoin: Holding Multiple Currencies
The executive order extends beyond Bitcoin, planning to include confiscated cryptocurrencies like Ethereum, XRP, Solana, and others into the 'U.S. Digital Asset Reserve'. But if you want to increase your holdings? Only if you can get in at zero cost, otherwise it's off the table!
Global Shock: The U.S. Takes the Lead
This move directly sweeps the possibility of a Bitcoin ban into the trash and may ignite a global coin hoarding craze. With the U.S. leading the way, which other countries dare not follow? Experts predict that this reserve will not only stabilize the market but may also spark an international imitation trend.
A Promising Future: Audits to Bolster Confidence
The reserve will neither buy nor sell, just accumulate for appreciation. The government has ordered a thorough investigation of existing digital assets to ensure the Treasury's oversight is watertight. The industry cheers: this is a signal of national adoption! Just before the White House summit, this bombshell was dropped; the global crypto landscape is about to change!
The U.S. Dominates Global Bitcoin Reserves: Where Does Bitcoin Come From and How Astonishing is Its Quantity? U.S. Bitcoin Reserves: The 'Mountain of Gold' From Seizures
The United States holds approximately 198,000 bitcoins, valued at $17.7 billion, making it the largest national holder in the world! These coins were all seized by the Treasury from criminal cases, and the 'Strategic Bitcoin Reserve' established by Trump on March 6 is based on this. The executive order states that all bitcoins seized due to crimes or fines will be deposited into the reserve and never sold.
The Story Behind the Massive Seizures
In November 2020, the Silk Road's first major bust: The U.S. seized 69,000 bitcoins from the mysterious hacker 'Individual X,' valued at $960 million at the time, now skyrocketing to $6.5 billion. By the end of 2024, the court approved the sale. In January 2022, a major hacking case: Law enforcement recovered 94,000 bitcoins from Bitfinex hacker Ilya Lichtenstein, accounting for 80% of the total stolen amount. The couple's money laundering attempt failed, and they were both imprisoned. In March 2022, another win for the Silk Road: 51,000 bitcoins were found in the home of hacker James Zhong, hidden in a safe and a popcorn can, valued at $3.38 billion, setting a historical record.
To Sell or Not to Sell? A Major Policy Shift
In 2023, the U.S. sold 9,861 coins seized from Zhong for $216 million, but plans to liquidate the remaining bitcoins in batches were not executed. In January of this year, the Department of Justice was authorized to sell 198,000 Silk Road bitcoins, but the Biden administration delayed action until after Trump took office. Now, Trump's new policy is clear: reserve coins will only come in, not go out. The White House revealed that the Treasury and Commerce Departments are planning a 'zero-cost' accumulation plan, vowing to stack bitcoins into a 'national treasure mountain'!
Peter Schiff Slams Trump: Is the Bitcoin Reserve a Scheme by Donation Tycoons? Schiff Reveals: Trump Was 'Forced' to Create Bitcoin Reserves
Peter Schiff, Chief Economist of Euro Pacific Capital, revealed that Trump, under pressure from donors and his cabinet, signed an executive order to create a Strategic Bitcoin Reserve (SBR). He sarcastically remarked that Trump only wants to use the existing government Bitcoin as a facade and has no intention of spending money to buy more. The White House, however, argued that the Treasury Secretary and Commerce Secretary have been authorized to develop a 'zero-cost' purchasing strategy— as long as they can acquire Bitcoin for free, such as through confiscation, the government is willing to stockpile it!
Zero-cost or Illusion?
Schiff firmly asserted that the executive order does not allow spending money to buy Bitcoin, saying, 'If you buy it, you have to pay for it; that's not zero cost!' However, crypto enthusiast Ryan Park countered that the government could exchange gold for Bitcoin, spending not a single taxpayer dollar while stabilizing gold's position amidst the Bitcoin craze. He believes Bitcoin does not replace gold but rather 'adds to it,' reducing market volatility.
Gold for Bitcoin? Schiff Doesn't Buy It
Schiff scoffed: trading gold for Bitcoin is no different from buying it with cash; both have real costs! He warned that if Trump does not rely on large-scale Bitcoin purchases to support the market, Bitcoin will inevitably crash. 'Isn't this just a form of quantitative easing? The only difference is that they're buying Bitcoin instead of government bonds; it's absurd!' Schiff stated that if the government liquidates its Bitcoin holdings, the market could face a catastrophic disaster.
The Truth Behind Trump's 'Market Rescue'
On March 7, Trump officially signed an order to establish a Bitcoin reserve, planning to use 200,000 confiscated Bitcoins to maintain appearances. Schiff, however, believes this is merely a stopgap measure that won't last long. Will Bitcoin rise or crash? This game has only just begun!
Solana Defies the Odds: The DEX Craze Unstoppable Even Amidst Meme Coin Collapse! Solana DEX Stands Strong
Even as the trading volume of Meme coins plummets, Solana's decentralized exchanges (DEX) continue to operate at full capacity, with trading activity nearly matching that of the Ethereum ecosystem! Amidst the tumultuous changes in the blockchain landscape, Solana remains unfazed by the retreat of the Meme coin craze, maintaining its high position and welcoming new projects—like the SocialFi application PAWS that migrated from the open network, showcasing its ecological resilience.
VanEck Praises: Solana Unfazed by Turmoil
Asset management giant VanEck pointed out that despite the sharp decline in the popularity of Meme coins leading to controversies, Solana's DEX trading volume remains robust, standing shoulder to shoulder with Ethereum. Market turbulence cannot hinder its momentum; Solana proves with strength that it is not just a stage for Meme coins but a hardcore player in the future of blockchain!
Cryptocurrency Market Turmoil: Trump Sparks Bitcoin Frenzy, SUI ETF Ignites Heated Discussion! SUI ETF Fever is Coming
Canary Capital makes a bold move, applying to establish the Canary SUI ETF Trust in Delaware, aiming to create the first ETF based on the Sui blockchain in the United States. Previously, World Liberty Financial announced a partnership with Sui to include SUI in its strategic reserves, and the news led to a surge in SUI prices, exceeding 10% and breaking the $3 mark. Canary also submitted registration documents for the AXL ETF, ambitiously seeking to seize market opportunities.
India's Major Move: Crypto Tax Tracking Upgrade
India's tax authorities are not to be underestimated, planning to fully monitor digital footprints from April 2026, including social media and crypto holdings. The new tax bill will crack down on traders attempting to evade the 30% crypto tax through foreign or decentralized platforms, and tax officials may even acquire your passwords, vowing to uncover hidden assets!
Why Did the Market Suddenly Plummet?
Despite Trump's high-profile announcement of establishing a national Bitcoin reserve, the cryptocurrency market unexpectedly turned sour. Bitcoin briefly dropped to $84,000, dragging down other major coins by 1-6%, with the global market capitalization shrinking nearly 4% to $2.88 trillion. Investors are watching cautiously amid high volatility, waiting for clear signals from the White House crypto summit.
The Truth Behind Bitcoin's Flash Crash
On Thursday, Bitcoin plummeted 5.7% within an hour, retreating from a high of $92,000. Trump's signing of an executive order to establish a Bitcoin reserve using confiscated assets triggered a wave of profit-taking. Traders are concerned about tightening regulations, causing market sentiment to cool instantly.
Trump's Major Strike: Bitcoin Becomes a 'National Treasure'
Trump officially signed an order to establish a national Bitcoin reserve, positioning it on par with gold, aimed at stabilizing finances and clarifying regulations. This move marks a dramatic shift in U.S. crypto policy, but it has also sparked controversy: will this undermine the decentralized foundation of Bitcoin? Institutional enthusiasm is high, but the market holds its breath waiting for the subsequent effects.
Texas Lieutenant Governor's Bold Claim: Bitcoin Will Ignite the State's Digital Dominance!
Texas Lieutenant Governor Dan Patrick recently made a shocking declaration: Bitcoin is the "nuclear weapon" for the state's march towards a digital future! He fully supports the smooth passage of Senate Bill 21, which will position Texas at the forefront of Bitcoin reserves. Patrick stated that Bitcoin is not just an investment but will become the cornerstone of Texas’s economic boom.
Texas's Head Start: Building a Bitcoin Fortress
On Thursday, Texas legislators passed the bill with bipartisan support, authorizing the state auditor to establish an independent reserve fund specifically for Bitcoin investments. The bill restricts investments to digital assets with a market value exceeding 500 billion dollars—currently, only Bitcoin meets this criterion. Patrick is confident: "This will put Texas at the forefront of the digital economy!" He also supports Trump's grand vision of making the U.S. a "crypto superpower," claiming that Texas has already taken the first step.
“Digital Gold” Sparks Debate
In his statement, Patrick said, "The scarcity and decentralization of Bitcoin make it a strategic trump card for Texas." He even hopes other states will follow suit, igniting a nationwide Bitcoin reserve craze. The bill's proponent, Senator Charles Schwertner, emphasized that, amid inflation and debt crises, Bitcoin reserves are not only an economic barrier but also a strong rebuttal to federal policy failures.
National Contest: Who Will Take the Challenge?
Looking nationwide, New Hampshire has just passed a similar bill with overwhelming support, allowing 5% of state funds to be allocated to Bitcoin. At least 15 states have proposed related measures, but five states, including Pennsylvania, have faced setbacks due to opposition. Opponents, such as law professor Hillary Allen, warn that such reserves will only enrich a few players and question their value foundation. However, Patrick remains unfazed, insisting that Texas will lead the trend.
Trump Steps Up, White House Summit Set
Meanwhile, Trump is set to convene a White House crypto summit, rumored to officially announce a national Bitcoin reserve plan funded by confiscated assets. The bold rhetoric from the Texas Lieutenant Governor clearly resonates with this national strategy. Can Texas leverage the Bitcoin storm to become the "heart" of America's digital economy? This game has just begun!
Trump Sparks Bitcoin Storm! The U.S. Splurges on Reserves, Global Crypto Market Erupts
U.S. President Donald Trump recently dropped a bombshell: announcing the establishment of a national Bitcoin reserve and digital asset strategic plan. This astonishing move elevates Bitcoin to the status of a 'national treasure,' aiming to position the U.S. as the world leader in cryptocurrency and completely disrupt the global financial landscape.
Reserve Plan Revealed
This Bitcoin reserve is led by the Treasury Department, with funding sourced from confiscated digital assets, ensuring long-term holding and no external sales. The plan is not limited to Bitcoin; it also includes popular assets like Ethereum and Ripple, showcasing the U.S.'s ambitions for blockchain technology are in full bloom.
Market Frenzy and Calm
Upon the news, Bitcoin's price skyrocketed over 11%, breaking the $90,000 mark, with other assets seeing even more exaggerated increases, soaring up to 62%. However, three days later, the market calmed down, with Bitcoin falling 8% as investors began to watch for further details. It is reported that the U.S. government holds approximately 200,000 Bitcoins, worth over $17 billion, far exceeding the total from years of low-price sales.
Milestone Significance
Experts are amazed, stating this could be the most critical leap in Bitcoin's history. Not only is it officially recognized as a strategic asset, but the possibility of being banned has been virtually erased. Industry insiders believe this move will encourage global financial institutions to reassess Bitcoin's status, and the U.S. action undoubtedly gives the crypto market a shot of adrenaline.
Global Ripple Effect
The U.S. move may trigger a domino effect. Analysts predict that more countries may rush to accumulate Bitcoin, especially to seize the opportunity before prices spiral out of control. Currently, the U.S. Bitcoin reserves dominate globally, outpacing other countries and becoming the undisputed leader. Some even predict that G20 nations may collectively follow suit.
Is the Memecoin craze fading? CoinGecko: They will eventually make a comeback! Despite the recent decline in the Memecoin market's popularity, CoinGecko founder Bobby Ong believes that the decline of Memecoins is only temporary, and there is still a possibility of a return in the future. In January of this year, the market was once booming with the launch of TRUMP Memecoin by U.S. President Donald Trump, but interest from investors significantly decreased following the 'Libragate' incident and a series of failed launches. Market popularity plummets In a report on March 6, Ong pointed out that since the peak in February, the number of newly created tokens and daily graduate tokens on the token launch platform Pump.fun has plummeted by over 90%. The launch of Memecoins by Trump and Melania had siphoned off a lot of liquidity and attention, but the trading volume on Pump.fun has already dropped by 63% between January and February. According to CoinMarketCap data, the total market capitalization of Memecoins reached an all-time high of $124 billion on December 5, but it has now fallen to $54 billion. Ong stated, 'If the launches by Trump and Melania were not enough to end the Memecoin frenzy, then LIBRA is the last straw that broke the camel's back.' The impact of the Libra incident Libra is a cryptocurrency 'shared' by Argentine President Javier Milei, and since its launch, insiders have cashed out over $107 million, leading to a 94% drop in the token's value within hours. This incident completely shattered the illusion of fair distribution for Memecoins, exposing the phenomenon of insiders profiting from it. The seasonality of Memecoins Ong pointed out that Memecoins 'always have seasonality,' but some tokens are able to survive in volatile market cycles. For example, tokens like DOGE, SHIB, and BONK have withstood the test of market cycles, providing valuable experience for future Memecoin creators. Future outlook Ong speculated that the market may be heading towards an 'extreme power law,' where 99.99% of Memecoins will fail, with only a few able to stand out. He emphasized that the most successful Memecoins often have cult-like communities that are extremely passionate about a cause and can organically create content or stories.
Jito Token Economics New Proposal: Can Buybacks and Incentives Reshape the Future of DeFi? Andrew Thurman, a contributor to the Jito Foundation, recently proposed a brand new token economics proposal aimed at maximizing the value of the JTO token and promoting the continuous growth of the ecosystem through buybacks, liquidity incentives, and reinvestment strategies. This proposal has sparked extensive discussion within the community and may redefine the utility of governance tokens. Core of the Proposal: Value Recovery and Value Rewards Thurman's proposal spans 12 pages, suggesting that Jito utilize its growing revenue not only to accumulate funds but also to give back to the ecosystem. The proposal outlines two main strategies: "Value Recovery" and "Value Rewards." The former reinvests revenue into ecosystem development, while the latter redistributes fees to token holders. Buyback Mechanism and Fee Conversion The proposal suggests that Jito adopt a "Recovery and Reward" approach, balancing both mechanisms to maximize long-term value. One option is a buyback mechanism, similar to the successful practices of protocols such as MakerDAO, Raydium, and Jupiter. Buybacks can reduce the token supply, thereby increasing value for holders. Another option is fee conversion, akin to Uniswap's revenue-sharing model. This would directly distribute protocol earnings to JTO holders. However, this model may attract regulatory scrutiny, as similar proposals have been questioned for resembling securities distribution. Innovative Approaches: Buybacks and Barter, Real Yield Metrics To further refine the token economics, Thurman introduces two innovative approaches: Buybacks and Barter: Jito DAO could not only buy back JTO but also exchange revenue for tokens from partner projects under favorable conditions. This strategy can strengthen partnerships while reducing the circulating supply of JTO. However, counterparty risks such as project failures or token depreciation remain significant concerns. Real Yield Metrics: Inspired by Curve Finance, this model allows JTO holders to stake in the JitoSOL or JTO liquidity pools and vote on how Jito DAO should reinvest protocol fees. This approach can enhance the governance role of JTO and provide direct incentives for long-term participants.
Will Bitcoin Break $100,000 in June? Swan CEO Predicts Probability of New High Exceeds 50% Swan Bitcoin CEO Cory Klippsten recently stated that the likelihood of Bitcoin breaking its historical high of $109,000 before the end of June exceeds 50%. Although the market is currently in a consolidation phase, he believes this will not evolve into a long-term sideways trend. The Market Needs Time to Digest Klippsten pointed out that the market needs time to digest U.S. President Donald Trump's tariff threats and the uncertainty of inflation rates. He stated, "The market needs to first digest tariffs, trade war concerns, and growth panic. Bitcoin currently below $100,000 feels like a pause in the bull market, not an end." As of the time of publication, Bitcoin was trading at $88,210, down 4.9% in the past day. Since February 1, when Trump announced tariffs on imports from China, Canada, and Mexico, Bitcoin has fallen nearly 14%. Institutional Demand Remains Strong Klippsten emphasized that the momentum of Bitcoin since it first broke $100,000 in December 2024 has not "completely faded," and institutional demand "has not disappeared." He believes that macroeconomic uncertainties—such as geopolitical tensions, inflation concerns, and the Federal Reserve's policy shifts—mainly have short-term impacts. "We are currently in a consolidation phase, but I do not think it will extend into a long-term sideways consolidation phase," Klippsten added. Historical Patterns Indicate a Rebound After Bitcoin reached its historical high of $73,679 in March, its price consolidated in a wide range between $53,000 and $72,000 over the next eight months. Following Trump's election in November, Bitcoin's price returned to this level and soared to $100,000 the following month. Network economist Timothy Peterson pointed out that based on historical patterns, Bitcoin is likely to rebound between $85,000 and $95,000 in the next six to twelve weeks, then "slowly" rise again above $100,000.
XRP Price Stalled! Can Trump's New Policy Turn the Tide? Despite U.S. President Donald Trump's signing of an executive order aimed at establishing a national reserve for digital assets like Bitcoin and XRP, the price of XRP has failed to rise as expected. Currently, XRP is down over 1%, trading at $2.50, with a lukewarm market response. Price Analysis: Bearish Signals Emerge Cryptocurrency analyst Josh points out that XRP shows a clear bearish divergence on the 3-day chart. The price highs do not match the Relative Strength Index (RSI), indicating that bullish momentum is weakening. This signal suggests a lower likelihood of a significant price increase in the short term. Resistance and Support Levels XRP currently faces strong resistance between $2.65 and $2.80, and the price has struggled to break through this range. If XRP drops below the support level of $2.25, it could further decline to $2. However, if it can break above $2.80, the next resistance levels will be around $3 and $3.20. Market Outlook: Sideways Consolidation Currently, XRP's price is within the support range of $2.25 to $2.30, maintaining a neutral short-term momentum. Market observers are closely watching whether XRP can break through key resistance levels to confirm the next significant trend. Summary Although Trump's new policy has brought new hope to the digital asset market, the price of XRP has not reacted immediately. The market is currently in a sideways consolidation state, and investors need to cautiously wait for clear breakout signals. In the future, XRP's price trend will depend on its ability to break key resistance levels and the market's further reaction to the new policy.
Global Payment Revolution! Sam Altman Launches Blockchain Chat Application World Chat Tech giant Sam Altman's blockchain company World Network has recently launched a brand new messaging application called World Chat. This application not only offers instant messaging features but also integrates a free global payment service, which is currently in the testing phase. Feature Highlights World Chat is inspired by Apple's iMessage, but its functionalities go far beyond that. Users can connect with verified individuals within the World Network through the app and make cryptocurrency payments. This feature makes World Chat a super app that combines communication and finance. Privacy and Free Transactions World Chat places a special emphasis on user privacy and free global transactions. Users can easily complete cross-border payments while protecting their personal privacy, without incurring additional fees. This feature will undoubtedly attract a large number of users who value privacy and convenience. Testing Phase Currently, the beta version of World Chat has been launched, and users can download it to experience this innovative application. The testing phase will help the development team gather user feedback to further optimize product features. Conclusion Sam Altman's World Chat is not just a messaging application, but a revolution in global payment methods. Through blockchain technology, World Chat provides users with a secure, private, and free global transaction experience, heralding the deep integration of communication and finance in the future. With the launch of the beta version, World Chat is expected to become the preferred application for users worldwide in the near future.
Trump Hosts Cryptocurrency Summit! U.S. Bitcoin Reserve Plan to Be Revealed Soon This Friday, the White House will host a landmark cryptocurrency summit, personally chaired by former President Donald Trump. This summit marks a pivotal moment for the U.S. digital asset strategy, with expectations to unveil more details about the strategic Bitcoin reserve and discuss the federal government’s regulatory framework for cryptocurrency. Trump Signs Executive Order Reports indicate that Trump will sign an executive order prior to the summit, officially launching the strategic Bitcoin reserve plan. The plan aims to change the federal government’s attitude towards cryptocurrency holdings, primarily funded by Bitcoin (BTC) seized through criminal and civil asset forfeiture cases. This initiative sharply contrasts with past government practices of auctioning off seized cryptocurrency, which often missed opportunities for significant appreciation in the value of cryptocurrencies. Trump’s cryptocurrency advisor David Sacks estimates that past sell-offs may have cost taxpayers up to $17 billion. Sacks is expected to lead discussions at the summit, which will also feature industry leaders and members of Trump’s cryptocurrency task force. Regulatory Framework and Policy Strategy In addition to Sacks, key regulatory figures such as Acting SEC Chair Mark Uyeda and Acting CFTC Chair Caroline Pham will also attend the summit, expected to outline a regulatory framework to protect investors. Bo Hines, Executive Director of the President’s Digital Asset Task Force, will lead the dialogue to formulate a policy strategy for digital assets. Bitcoin as 'Digital Gold' The White House describes Bitcoin as 'digital gold', emphasizing the strategic importance of becoming one of the first countries to establish a Bitcoin reserve. This stance stands in stark contrast to the previous Biden administration's strict regulatory attitude towards digital assets. Wrapped Bitcoin (wBTC) and MOVE tokens valued at $1.5 million.
Bitcoin falls below $90,000! Market cool ahead of the U.S. cryptocurrency summit Despite the possibility of the U.S. announcing a Bitcoin reserve plan within 24 hours, the Bitcoin price did not rise as expected. Instead, it dropped to an intraday low after the Wall Street opening on March 6, falling below the $90,000 mark. The market reacted coolly to the positive news surrounding the first White House cryptocurrency summit, with Bitcoin's price decreasing by 2% on the day. Market performance is weak Data shows that Bitcoin's price had previously risen to around $93,000 but failed to break through a key resistance level, ultimately retreating. Despite the upcoming cryptocurrency summit, the market's reaction to the potential Bitcoin or cryptocurrency reserve announcement has been tepid, with traders generally maintaining a cautious stance. Well-known analyst Justin Bennett had previously predicted that Bitcoin would retest the support level at $78,000. He stated on social media: "This is a retest of the $92,000 resistance level. Although bulls attempted to break through, they were unsuccessful." He revealed that he had established a short position near $91,000. Key resistance level contest The anonymous founder of trading community Moriband Trading, Nihilus, pointed out that the Bitcoin futures market is facing a "moment of decision." He emphasized that $90,000 is a key support/resistance level on a daily timeframe. Another trader, Crypto Fella, held a more optimistic view, believing that despite a potential short-term drop, the upward trend for Bitcoin is far from over. "Considering the volatility the cryptocurrency summit will bring tomorrow, the likelihood of a breakout is quite high. Of course, we may fall lower, but I believe this upward move is far from over," Crypto Fella stated. Weak macroeconomic impact Despite U.S. jobless claims data being lower than expected, the impact on the cryptocurrency market has been limited. Trading resource Kobeissi noted that the likelihood of the Federal Reserve cutting interest rates early is increasing, which is typically a key driver for cryptocurrencies and risk assets.
Trump Supports Cryptocurrency! World Liberty Financial Makes Major Purchases of Bitcoin and Ethereum On the eve of the upcoming White House cryptocurrency summit, World Liberty Financial, backed by Trump, announced significant purchases of Bitcoin and Ethereum and plans to hold the emerging token Sui, drawing widespread attention from the market. This move not only boosted the prices of related cryptocurrencies but also further solidified Trump's influence in the cryptocurrency space. Large Purchases of Bitcoin and Ethereum According to a report from blockchain data tracking firm Arkham Intelligence, World Liberty Financial's related wallets recently purchased nearly $10 million worth of Ethereum (ETH) and $10 million worth of Wrapped Bitcoin (WBTC), as well as $1.5 million in Movement (MOVE) tokens. WBTC is an Ethereum-based token backed by Bitcoin, allowing traders to use Bitcoin in decentralized finance (DeFi) applications. This purchase coincides with the upcoming inaugural cryptocurrency summit at the White House, where industry leaders are expected to gather to discuss the future development of cryptocurrencies. World Liberty Financial's actions undoubtedly add more highlights to the summit. Sui Token Price Soars After World Liberty Financial announced plans to hold Sui tokens, the price of the token surged 11% in a short period, reaching $2.81. The Sui blockchain is the network behind the 19th largest cryptocurrency SUI, initiated by former Meta engineers, who recently announced a collaboration with World Liberty Financial to 'explore innovative opportunities'. Trump's Cryptocurrency Agenda The Trump administration has recently been increasingly involved in the cryptocurrency space. Last Sunday, President Trump stated that the government would purchase a large amount of digital currencies and tokens, including Bitcoin, Ethereum, and Solana, as a strategic reserve. This statement immediately propelled the prices of related assets upward, although there was a brief pullback due to market concerns over trade tariffs. Trump proposed an agenda supporting cryptocurrencies during his campaign and received widespread backing from tech and digital asset entrepreneurs. World Liberty Financial, as one of the cryptocurrency firms supported by Trump, was launched ahead of the new Republican president's term, aiming to provide lending services through decentralized finance (DeFi) projects.
Disrupting Traditional Finance! The Libre platform brings the assets of giants like BlackRock and Nomura into the blockchain. Recently, the fully chain-tokenized platform Libre announced partnerships with several top asset management companies to bring their fund products to the Injective network. This move marks a deep integration of traditional finance and blockchain technology, providing investors with a new way to allocate assets. Institutional funds flow into the blockchain. The Libre platform aims to support the tokenization of 'real-world assets' by collaborating with well-known asset management firms such as BlackRock, Brevan Howard, and Hamilton Lane, providing qualified investors access to on-chain hedge funds, private credit, and money market products. The first batch of products includes 'receipt tokens' linked to the BlackRock money market fund, as well as market-neutral digital asset strategies from Nomura's Laser Digital. Additionally, Libre plans to launch a tokenized version of Hamilton Lane's SCOPE senior credit fund. These products not only offer investors more choices but also achieve greater transparency and security through blockchain technology. The advantages of tokenization allow investors to more easily enter the secondary market and utilize their held assets for further operations such as portfolio margining, collateralization, and other programmable tasks. Libre stated in the announcement: 'This collaboration enables institutional and qualified investors to access a range of regulated on-chain investment funds.' Whitelisted users who meet compliance and onboarding requirements can also access 'underlying institutional-grade assets' in a 'transparent and secure manner.' Cross-chain interoperability Injective is a Layer 1 network based on Cosmos, designed to support cross-chain exchanges between different blockchain architectures. Libre also provides cross-chain messaging tools to 'seamlessly interoperate between chains.' For example, Injective offers 'plug-and-play modules' for DeFi, as well as compliance solutions such as 'allow lists' to ensure that only authorized entities can trade or transfer assets. The Libre Gateway also plans to introduce third-party on-chain vaults where users can lock assets and receive corresponding 'receipt tokens' that can be used elsewhere. This cross-chain interoperability offers investors greater flexibility and convenience. Future Outlook
North Korean Hacker Organization Shocking Theft! Details of the $1.4 Billion Cryptocurrency Heist Exposed Recently, Safe Wallet disclosed details of a significant cryptocurrency theft associated with a North Korean hacker organization, urging the community to strengthen security measures. The Federal Bureau of Investigation (FBI) has attributed this attack to a hacker group named TraderTraitor, which has close ties to the Democratic People's Republic of Korea (DPRK). Cybersecurity company Mandiant (now part of Google Cloud) has also confirmed this accusation. Attack Details Revealed An investigation conducted by Safe Wallet in collaboration with Mandiant shows that the attack occurred on February 21 and was a highly complex state-sponsored operation. The attackers gained access to an AWS session token by infiltrating the laptop of a Safe Wallet developer, successfully bypassing multi-factor authentication (MFA) controls. This developer had elevated permissions, which the attackers exploited to further control the system. Despite the attackers' efforts to cover their tracks by deleting malware and clearing Bash history, Safe Wallet and Mandiant still successfully gathered a wealth of intelligence. The investigation is ongoing, focusing on how the attackers obtained access to the server. Tracking the Stolen Funds During this attack, $1.4 billion worth of ETH was stolen. Currently, 77% of the funds can still be tracked, but the remaining $1 billion is still a pressing concern. Blockchain analysis company Elliptic played a key role in tracking the stolen funds, its real-time filtering technology helping to monitor the flow of funds and freeze portions before the assets could be laundered. Elliptic co-founder Tom Robinson pointed out that the stolen cryptocurrency is being transferred through Bitcoin mixers to obscure its origin. These mixers include platforms such as Wasabi Wallet and Cryptomixer, making it extremely difficult to trace the funds. Security Measures Upgraded Safe Wallet stated that it has implemented multiple security measures in its infrastructure, significantly enhancing its defenses compared to pre-incident levels. The company urges the cryptocurrency community to take proactive steps, including strengthening access controls, monitoring for unusual activities, and developing a comprehensive incident response plan.
The U.S. Government Missed Out on $16 Billion! The Shocking Mistake Behind Bitcoin Sell-off David Sacks, a well-known figure in the cryptocurrency space, recently revealed that the U.S. government lost over $16 billion in potential profits due to premature Bitcoin sell-offs. This news has drawn widespread attention, especially considering the soaring prices of Bitcoin in recent years. Sacks' research shows that the U.S. government sold approximately 195,000 Bitcoins, with total revenue of only $366 million. However, if these Bitcoins had been retained until now, their value would have reached $17.5 billion. This means that the U.S. government missed out on over $17 billion in profits by selling during Bitcoin's price slump. The price of Bitcoin is highly volatile. For instance, in 2014 and 2015, Bitcoin prices fell to as low as $270 each, while in 2021 and 2023, prices once surpassed $20,000. Although Bitcoin prices rebounded during Trump's presidency, the U.S. government continued to sell, indicating a lack of confidence in the long-term value of cryptocurrency. Global Governments' Bitcoin Sell-off Not only the U.S., but the German government is also engaged in large-scale Bitcoin sell-offs. Last year, Germany sold 50,000 Bitcoins confiscated from the piracy site Movie2K for $2.88 billion, with an average selling price of $57,600 each. However, as Bitcoin prices soared to a historic high of $109,000 after Trump's victory, the German government missed out on about $2 billion in potential profits. Such sell-off behavior reflects the general indifference of governments worldwide toward digital currencies. However, some countries have adopted entirely different strategies. For example, El Salvador has made Bitcoin legal tender and holds around 6,088 Bitcoins, worth about $558 million. Bhutan has accumulated about 11,000 Bitcoins through mining, valued at $1.1 billion. The Central African Republic has also announced Bitcoin as legal tender, but its specific reserves remain unclear. Bitcoin Reserves of Various Governments Despite selling a large number of Bitcoins, the U.S. still holds about 200,000 Bitcoins, worth approximately $16.7 billion, making it the largest Bitcoin holder in the world. China follows closely, holding about 194,000 Bitcoins, worth $16.2 billion, primarily acquired from cracking down on Ponzi schemes.
The Bitcoin derivatives market is surging, with traders positioning themselves ahead of the market frenzy! As an important cryptocurrency summit is set to take place, trading activity in the Bitcoin derivatives market has significantly increased. Traders anticipate that major news potentially impacting the market will be announced at this summit, leading to a surge in buying interest. Market analysts point out that since Bitcoin's price recently touched $82,000, buying pressure has been consistently rising. This may be related to traders re-establishing leveraged positions, which have driven the increase in open interest and rising financing rates. "Since Bitcoin last tested $82,000, the market's buying interest in this price range seems to be more persistent and robust, which may align with the re-establishment of leveraged positions, thereby pushing open interest and financing rates higher," an analyst stated. Bullish sentiment in the options market is also strengthening. As traders re-enter leveraged positions, liquidity in the Bitcoin market is recovering, prices are rebounding, open interest is increasing, and financing rates are rising. Volatility is also showing a more bullish trend, with implied volatility in the options market reaching extreme levels—90% for overnight options, 70% for contracts expiring within a week, and 60% for contracts expiring at the end of March. "It feels like we have witnessed an extreme tide of liquidity withdrawal, and now this tide has returned, bringing new vitality to prices, open interest, and financing, as well as more buying sentiment for volatility," another analyst added. Sentiment in the futures market has also changed. The financing rate in the perpetual futures market has risen from -0.01 to +0.009, indicating that traders are willing to pay a fee to hold long positions in anticipation of price increases. "The change in Bitcoin's 24-hour open interest rose from -22,800 to 10,800 within two days," the analyst noted. "Overall, the upcoming summit has heightened market participants' expectations for official announcements, prompting traders to position themselves early." As prices rebound, the 24-hour open interest change in Bitcoin futures has also turned positive, reflecting the market's optimistic outlook for future trends.
“YZi Labs makes a big move in CZ: Revolutionary AI investment ignites a decentralized future!”
YZi Labs recently made a strategic investment in a cutting-edge decentralized artificial intelligence laboratory—Tensorplex Labs. This lab focuses on creating AI applications and tools based on decentralized technology, aiming to open new paths for artificial intelligence development by merging human intelligence with AI capabilities.
What is Tensorplex's ace up its sleeve?
The core highlight of Tensorplex is a collaborative system named Dojo. This decentralized platform optimizes AI models by collecting human preference data, making interactions between humans and AI more efficient. In the future, Dojo plans to achieve real-time collaboration to tackle complex problems and elevate AI to new heights of cooperation. Additionally, Tensorplex has launched a DeFi platform focusing on token economy analysis and optimization, aiding the financial ecosystem upgrade of decentralized networks.
YZi Labs: The future of AI must be decentralized!
With the funding injection from YZi Labs, Tensorplex will expand its team and accelerate the research and development of innovative AI solutions. YZi Labs firmly believes that decentralization is the key direction for AI development, not only optimistic about its potential but also plans to continuously invest in cutting-edge explorations of AI and biotechnology. Tensorplex states that this investment will promote its ecological growth and accelerate the implementation of technology. They emphasize that deep collaboration between humans and AI is the core of the future, and the next wave of artificial intelligence will emerge from it.