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Trump’s Strategic Bitcoin Reserve Removes $17B in Potential Selling Pressure From BTC, Experts Share Views
U.S. President Donald Trump’s recent executive order has sent ripples through the cryptocurrency market by establishing a strategic bitcoin reserve. This move aims to include the 198,000 bitcoins currently held by the U.S. government, obtained through law enforcement actions, which translates to a staggering value of approximately $17.3 billion. White House crypto and AI czar…
Continue ReadingHow much Bitcoin does the US hold, and where did it come from?
The U.S. government currently boasts a substantial Bitcoin reserve, comprising approximately 198,109 BTC valued at $17.7 billion, as reported by blockchain analytics firm Arkham Intelligence. This trove primarily originates from confiscations and forfeitures associated with various criminal activities. Under an executive order signed by President Donald Trump on March 6, the government has initiated plans…
Continue ReadingMarket Tanks After Trump Signs Executive Order to Establish Strategic Bitcoin Reserve
On March 6, 2025, President Trump signed a pivotal Executive Order to create a Strategic Bitcoin Reserve, as announced by White House crypto czar David Sacks. This new initiative aims to capitalize on the approximately 200,000 BTC currently held by the federal government, primarily acquired through criminal and civil asset forfeiture. According to Sacks, the…
Continue ReadingEther sentiment hits yearly low but that could be a good thing: Santiment
Social sentiment surrounding Ether has recently plummeted, revealing a pronounced bearish trend as prices struggle to keep pace with other cryptocurrencies. According to analysis from Santiment, a blockchain data platform, discussions among traders on platforms like X, Reddit, and Telegram indicate a stark pessimism around Ether compared to its peers. In a post dated March…
Continue ReadingTrump Signs Order Setting Up Bitcoin ‘Fort Knox’ and Digital Assets Stockpile
President Donald Trump has recently announced the establishment of a Bitcoin Strategic Reserve as part of a new executive initiative aimed at capitalizing on seized assets within the U.S. government. This strategic reserve is expected to be primarily funded with Bitcoin obtained from criminal and civil asset forfeiture processes. David Sacks, who has been appointed…
Continue ReadingUS customs may have thought Bitcoin miners were radio frequency devices: Luxor
Authorities at the U.S. Customs and Border Protection (CBP) have recently faced scrutiny over their seizure of thousands of Bitcoin miners, mistakenly believing these devices to be illegally imported radio frequency (RF) equipment. This misunderstanding has raised concern within the cryptocurrency community, particularly among mining firms affected by the operation. Since September 2023, significant quantities…
Continue ReadingMichael Saylor Advocates Bitcoin Reserve to Cement US Digital Leadership
Michael Saylor, founder of Strategy (formerly MicroStrategy), has recently emphasized the strategic importance of Bitcoin for the United States in establishing a dominant position in cyberspace. In a candid discussion with Fox News, Saylor articulated his belief that Bitcoin represents a secure savings mechanism for individuals, corporations, and governmental entities alike. ### Bitcoin Will Take…
Continue ReadingTexas Surges in U.S. States’ Race to Put Public Funds Into Crypto, Bitcoin (BTC)
Several U.S. states are intensifying their efforts to incorporate cryptocurrencies into public finance, following President Donald Trump’s announcement of a federal initiative aimed at establishing a strategic crypto reserve. Texas has emerged as a strong contender in this movement. Recently, the Texas State Senate passed the SB 21 bill, which permits the state to allocate…
Continue ReadingCrypto voters could swing New Jersey gubernatorial race
The impact of cryptocurrency on elections is increasingly evident, particularly with the upcoming 2025 New Jersey gubernatorial race. The digital asset advocacy group Stand With Crypto has revealed compelling data indicating that candidates’ stances on crypto policies may significantly sway the election’s outcome. As of a March 6 announcement, approximately 62,000 individuals in New Jersey…
Continue ReadingAnalyst Tips XRP to Explode as Some Investors Flock to BEST Token Presale
Analyst Stock Moe recently made headlines with a bold bullish forecast for XRP (XRP), suggesting that the cryptocurrency could see significant price growth in the coming months. His predictions, shared in a video, indicate a potential for XRP to increase five to ten times its current value. Moe attributes this optimistic outlook to recent legal…
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