TRON founder Justin Sun appears to have recently purchased $75 million worth of TRUMP meme coin, sending shockwaves across the broader industry. According to crypto market expert Unusual Whales on X, the massive purchase occurred, causing a ripple effect surrounding Sun’s civil fraud lawsuit with the SEC. Simultaneously, with another whale transaction occurring amid a 20% price crash in the meme coin, market watchers are extensively monitoring the token. Is Crypto Mogul Justin Sun Really Buying TRUMP? According to ‘ Unusual Whales’ post on March 4, the TRON founder bought $75 million of the TRUMP coin. Soon after this accumulation, Justin Sun’s civil fraud lawsuit against the US SEC was halted, per the X post. However, CoinGape found via a CNN report that the $75 million investment was used to buy Trump family-backed World Liberty tokens. Overall, the bigger picture, wherein regulatory hurdles for the crypto mogul eased amid investments in U.S. president-backed products has birthed market conjectures globally. Massive Whale Transaction Sparks Market Concerns Simultaneously, a crypto whale was recorded offloading a whopping $61 million worth of TRUMP meme coin, adding to speculations amid Justin Sun’s saga. Whale Alert data on X revealed that the unknown address BdnDGU shifted 5 million tokens to Binance amid an ongoing market slump. Notably, the crypto market faces immense heat due to massive liquidations totaling over $1 billion. Bitcoin lost nearly 10%, with altcoins also losing alarming values over the day. The U.S. President-themed meme coin also saw a slumping action in line with the broader trend. This waning action may have urged the whale to panic sell, mitigating losses. TRUMP Crypto Price Action As of press time, TRUMP price witnessed a 20% crash and exchanged hands at $12.26. The PolitiFi & leading meme coin bottomed and peaked at $11.83 and $15.67 in the past 24 hours. As mentioned above, this waning movement mirrors the current broader market trend. However, renowned crypto investor ‘The Wolf Of All Streets’ took to X, sparking optimism in light of ‘Unusual Whales’ Justin Sun’s token purchase saga. “I guess the $TRUMP token does have real utility,” the trader stated, reverberating mixed investor sentiments about the asset amid broader developments. The post Why Justin Sun Buys $75M of TRUMP Meme Coin? appeared first on CoinGape .
The SEC has officially launched its cryptocurrency task force, aimed at addressing regulatory challenges and fostering clarity within the digital asset landscape. This initiative comes on the heels of a
SBI VC Trade, a subsidiary of financial powerhouse SBI Holdings, gears up to launch USDC stablecoin trading in Japan. This milestone comes after regulators eased restrictions on stablecoin transactions, opening the door for broader adoption. On March 4, SBI VC Trade announced that it had successfully completed its first stablecoin transaction registration, a crucial step toward integrating Circle’s USDC into its platform. The company anticipates becoming one of Japan’s first financial institutions to offer cryptocurrency trading services for USDC, signaling a significant shift in the country’s approach to digital assets. Trial Phase Set to Begin The firm has outlined a structured rollout plan, starting with a USDC trading trial on March 12, available exclusively to a select group of users. Following a successful trial, a full-scale USDC launch is expected in the near future, marking a major milestone in Japan’s stablecoin ecosystem. Confirming the development, SBI VC Trade CEO Tomohiko Kondo took to X, revealing that the platform had received an official notification from Japan’s Kanto Regional Financial Bureau’s Tokyo office regarding its stablecoin license registration. “SBI VC Trade has become the first and only company in Japan to obtain a so-called stablecoin license,” Kondo wrote. He further emphasized the firm’s commitment to enabling full USDC support as part of its long-term strategy. Evolving Crypto Regulations in Japan SBI VC Trade’s announcement comes at a time when Japan is redefining its regulatory stance on stablecoins. After lifting its ban on foreign stablecoins in 2023, the country has steadily moved toward creating a more crypto-friendly regulatory environment. In February 2024, Japan’s Financial Services Agency (FSA) approved a report recommending eased regulations for stablecoins, a move that industry experts believe will fuel innovation and mainstream adoption. Beyond stablecoins, Japan is also exploring Bitcoin and Ether ETFs and reduced crypto tax rates from the current 55% to 20%, a potential game-changer aimed at bolstering investor confidence and market participation. Meanwhile, the impact of Japan’s growing crypto enthusiasm is already evident in traditional markets. Japanese firm Metaplanet has witnessed a major surge in its stock price, fueled by the increasing demand for Bitcoin. The post SBI VC Trade Secures Stablecoin License, USDC Trading in Japan Soon? appeared first on TheCoinrise.com .
Ronaldinho introduced the STAR10 token on the BNB Smart Chain. Concerns arose from rapid transactions and security vulnerabilities. Continue Reading: Ronaldinho’s STAR10 Token Thrills Fans and Raises Concerns The post Ronaldinho’s STAR10 Token Thrills Fans and Raises Concerns appeared first on COINTURK NEWS .
On March 4th, COINOTAG reported that, according to CoinDesk, the Nasdaq index has demonstrated a “double top” bearish reversal pattern, which has heightened the short-term downside risk for Bitcoin. Research
Cryptocurrency exchange Uphold has announced the relaunch of its staking services in the United States after dropping the service back in 2023. Following the resumption of staking in the United Kingdom earlier this year, Uphold’s US customers can now earn staking rewards on 19 crypto assets, including HBAR, ADA, SOL, ETH, and DOT, starting March
In a market saturated with thousands of cryptocurrencies, discerning true value and long-term potential can feel like navigating a labyrinth. Recently, a prominent voice in the crypto space, Gemini co-founder Tyler Winklevoss, has cut through the noise with a decisive statement regarding digital assets suitable for strategic reserves. His assertion? While acknowledging the presence of strong contenders like XRP, Solana (SOL), and Cardano (ADA), Winklevoss unequivocally stated that only Bitcoin currently meets the stringent criteria to be considered a legitimate reserve asset . This declaration, made on X (formerly Twitter), has ignited conversations across the crypto community. Let’s delve deeper into Winklevoss’s perspective and unpack why Bitcoin stands apart in his view, and what this means for the broader cryptocurrency landscape. Why Bitcoin Reigns Supreme as a Reserve Asset: Winklevoss’s Perspective Tyler Winklevoss’s statement isn’t just a casual opinion; it’s a calculated assessment from a seasoned industry veteran. To understand the weight of his words, we need to consider what defines a “ reserve asset ” and why Bitcoin , in his eyes, uniquely fits this definition. While Winklevoss expressed no animosity towards altcoins like XRP, SOL, and ADA, his focus remains laser-sharp on the distinctive qualities that elevate Bitcoin above the rest. So, what makes Bitcoin the chosen one? Let’s break down the key arguments: First-Mover Advantage and Network Effect: Bitcoin, being the original cryptocurrency , benefits from an unparalleled first-mover advantage. This head start has allowed it to establish a massive and robust network effect. Think of it like the internet – the longer it exists, the more ingrained it becomes in our daily lives. Bitcoin’s longevity translates to a more secure and decentralized network, attracting more users, developers, and infrastructure, further solidifying its position. Decentralization and Security: A core tenet of Bitcoin is its decentralized nature. Unlike many altcoins that might have centralized foundations or be heavily influenced by a core team or foundation, Bitcoin’s decentralized structure makes it incredibly resilient to censorship and manipulation. Its Proof-of-Work consensus mechanism, while energy-intensive, provides a robust security model that has withstood years of attacks, reinforcing its credibility as a store of value. Proven Track Record and Longevity: In the volatile world of cryptocurrency , longevity is a significant asset. Bitcoin has been operating continuously since 2009, weathering numerous market cycles, regulatory storms, and technological challenges. This proven track record provides a level of confidence that newer altcoins , regardless of their technological advancements, are yet to achieve. Investors looking for reserve assets prioritize stability and reliability, qualities that Bitcoin has demonstrated over time. Scarcity and Predictable Supply: Bitcoin’s mathematically enforced scarcity, capped at 21 million coins, is a fundamental characteristic that distinguishes it from fiat currencies and many altcoins . This predictable and limited supply makes it a hedge against inflation, a crucial attribute for a reserve asset intended to preserve value over the long term. Many altcoins lack this strict supply cap or have more complex tokenomics, introducing potential inflationary risks. Why Not XRP, Solana, and Cardano? Understanding the Altcoin Landscape Winklevoss’s statement isn’t a dismissal of altcoins altogether. XRP, Solana, and Cardano are all significant projects with vibrant communities and unique technological propositions. However, when it comes to the specific role of a reserve asset , they currently fall short of Bitcoin’s established dominance. Let’s examine some of the factors that differentiate them in this context: Cryptocurrency Strengths Challenges as Reserve Asset XRP Fast transactions, low fees, strong focus on payment solutions, established partnerships in the financial industry. Centralization concerns, regulatory uncertainties (especially concerning its classification as a security), reliance on Ripple Labs. Solana (SOL) High transaction throughput, low fees, innovative Proof-of-History consensus, growing ecosystem of DeFi and NFT projects. Relatively newer technology, past network outages and stability concerns, less established track record compared to Bitcoin. Cardano (ADA) Research-driven development, focus on security and scalability, strong community, academic approach. Slower development pace, less mature ecosystem compared to Ethereum or Solana, adoption still catching up to its technological promises. It’s crucial to understand that the cryptocurrency space is constantly evolving. Altcoins like XRP, SOL, and ADA are continuously developing and improving. Their strengths in specific areas are undeniable. However, for a reserve asset , the criteria are particularly stringent. It’s not just about technological prowess or transaction speed; it’s about trust, security, decentralization, and a proven history of resilience – qualities where Bitcoin currently holds a significant lead. Actionable Insights: Navigating the Crypto Reserve Asset Landscape So, what are the key takeaways for investors and enthusiasts in light of Winklevoss’s perspective on cryptocurrency reserve assets ? Bitcoin for Long-Term Value Storage: If your primary goal is to allocate capital to a digital asset for long-term value preservation and as a hedge against traditional market uncertainties, Bitcoin remains the most established and arguably safest choice in the cryptocurrency realm. Altcoins for Diversification and Growth Potential: While not currently positioned as primary reserve assets , altcoins like XRP, SOL, and ADA offer compelling opportunities for portfolio diversification and potential high growth. Their innovative technologies and growing ecosystems can provide exposure to different segments of the cryptocurrency market. Due Diligence is Paramount: Regardless of whether you’re considering Bitcoin or altcoins , thorough research and due diligence are essential. Understand the underlying technology, tokenomics, team, community, and regulatory landscape of any cryptocurrency before investing. The cryptocurrency market is dynamic, and informed decisions are crucial for navigating its complexities. Risk Management and Portfolio Allocation: Cryptocurrency investments, including Bitcoin , carry inherent risks. Proper risk management and portfolio allocation strategies are crucial. Consider your risk tolerance, investment horizon, and financial goals when allocating capital to different cryptocurrencies . Never invest more than you can afford to lose. Conclusion: Bitcoin’s Enduring Role as a Premier Reserve Asset Tyler Winklevoss’s assertion underscores a fundamental aspect of the cryptocurrency market: while innovation and diversification are thriving, Bitcoin maintains a unique and dominant position as a digital reserve asset . Its first-mover advantage, decentralization, security, proven track record, and scarcity contribute to its enduring appeal as a store of value in the digital age. While altcoins offer exciting prospects and technological advancements, they are still evolving and maturing in their journey. For investors seeking a robust and reliable digital reserve asset , Bitcoin continues to stand out as the undisputed leader, a testament to its foundational role in the cryptocurrency revolution. To learn more about the latest cryptocurrency trends, explore our article on key developments shaping Bitcoin institutional adoption.
China just fired back at the US with a massive round of tariffs, export bans, and legal action at the World Trade Organization (WTO), escalating an already brutal trade war between the world’s two largest economies. The Chinese Ministry of Commerce confirmed the decision on Tuesday, after Washington’s decision to slap a new 10% tariff on all Chinese imports under the Trump administration. China’s finance ministry rolled out 15% tariffs on US chicken, wheat, corn, and cotton. A separate 10% tariff now applies to American sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products. These new tariffs are set to take effect on March 10, hitting a wide range of US agricultural exports. Meanwhile, China’s commerce ministry added 15 American companies to an export control list, blocking them from receiving Chinese dual-use goods—materials that can be used for both military and civilian purposes. China cuts off US companies from key sectors Chinese authorities also blacklisted 10 American companies by placing them on an “unreliable entity” list. According to the Ministry of Commerce, these companies are now barred from exporting, importing, or investing in China. One of the biggest names on this list is Illumina, a biotech company specializing in gene sequencing. The Chinese government said it will prohibit Illumina from exporting gene sequencers to China, citing retaliation for Trump’s first round of tariffs back in February. Tech companies also found themselves targeted. The US drone manufacturer Skydio and AI firm Shield AI, backed by Andreessen Horowitz, have been cut off from key Chinese exports. Without access to Chinese-made dual-use materials, both companies could face serious supply chain disruptions. The White House’s trade war strategy is also starting to isolate US companies from important global markets. While Washington claims the tariffs are necessary to fight China’s role in the fentanyl trade, Beijing is making it clear that every move will be met with an equal, if not harsher, response. China drags the US to the WTO over tariff hikes Also, the Ministry of Commerce confirmed that Beijing has filed an official complaint with the WTO, saying that the US violated international trade rules by unilaterally increasing tariffs. “China filed a complaint against the US within the framework of the WTO dispute settlement mechanism in connection with the latest increase of duties by the United States,” the ministry announced, according to TASS. “Unilateral tariff measures of the US seriously violate WTO rules and undermine the basis of trade and economic cooperation between China and the US,” said China’s Ministry of Commerce. China has used the WTO dispute settlement process before, and back in February, Beijing responded to a previous round of tariffs by imposing new levies on select US goods, restricting exports of key minerals, and launching an antitrust investigation into Google. WTO Public Forum 2010. Taken on September 16, 2010. Photo: WTO/Jay Louvion. China’s leadership braces for economic turbulence While China’s economic defense dominates the headlines, Beijing’s top political leaders are gathering to chart the country’s economic future. On Tuesday, thousands of delegates assembled in the capital for the “Two Sessions”, China’s most important political event of the year, according to a report from CNBC. The Chinese People’s Political Consultative Conference (CPPCC), an advisory body made up of party officials, business leaders, and legal experts, opened its meeting at 3 p.m. local time at the Great Hall of the People in Beijing. The National People’s Congress (NPC), China’s top legislature, will officially convene on Wednesday. At the center of the discussions is Premier Li Qiang’s upcoming government work report, where he is expected to announce China’s economic growth target of around 5%. The fiscal budget deficit is also expected to rise to 4% of GDP, up from 3% last year, as Beijing looks to stabilize the economy amid the ongoing trade war, per the report. The week-long Two Sessions event will wrap up on March 10, followed by a press conference from Foreign Minister Wang Yi. The briefing is expected to shed light on China’s foreign policy direction, particularly how Beijing plans to properly continue fighting back against the US. Meanwhile, inflation remains a major concern, with China set to revise its annual consumer price inflation target to around 2%—the lowest in over two decades. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
ETH price has shown a positive 1.56% change over the last day while staying near $2,340 after institutional investors put money in and regulatory agencies shift their positions. A total of $19 million entered U.S.-based Ethereum Exchange-Traded Funds during the past four days in a row. The emerging market uncertainty has pulled investor and user attention toward Mutuum Finance (MUTM) as its decentralized lending protocol completes a presale that accumulated more than $2 million while offering phase two tokens at $0.015. The first stakeholders who buy MUTM-phase1 tokens will potentially see them appreciate to $0.06 during their exchange listing while holders of post-launch tokens could potentially receive up to an 80x return under optimal conditions. Ethereum experiences resistance Ethereum maintains its stable position because institutional investors now show greater trust in the system. A surge in fund investments at $24.5 million for Fidelity’s Ethereum ETF this week equalized the outflow of $5.5 million from Grayscale. The Securities and Exchange Commission’s (SEC) review process of funds with staking capabilities creates optimistic conditions by opening up direct yield earning through ETFs that did not previously exist in U.S. markets. A regulatory change would settle issues concerning proof-of-stake assets that SEC Chair Gary Gensler has classified as securities. However, Ethereum’s 2025 prospects hinge on broader adoption of its Layer 2 solutions. The Open Intents Framework functions as a collaboration between Bootnode and Hyperlane to create an easy-to-use system for network-to-network transactions between Arbitrum and Polygon and other blockchain platforms. ETH’s 32% volume decrease indicates that retail participants are losing their interest in the cryptocurrency despite new technical innovations. According to analysts the price requires enduring institutional investment after regulators provide necessary clarity to surpass $6,000. Mutuum Finance Gains Momentum as Presale Nears Phase Three The macroeconomic challenges Ethereum faces right now allow Mutuum Finance (MUTM) to monetize its existing presale phase two success. Current holders of MUTM tokens now have 3,800 participants in phase two for $0.015 each token which will rise to $0.02 in the coming stage providing a 33 percent benefit. The lending model in this project connects token value to genuine utility purposes thus making it distinct from other speculative assets. Users can create the interest-bearing mtTokens (e.g., mtETH) from their deposited assets such as ETH or DAI before trading them across DeFi platforms. Sytem stability is ensured through borrowers overcollaborating their assets when obtaining loans. Platform fees that total 20% automatically purchase MUTM tokens from exchanges which leads to continuous redistribution of tokens to mutuum stakers. The initial cost of MUTM at $0.06 enabled early investors to gain a 400% return during its launch which researchers predict will increase further after the listing phase. Numerous analysts predict MUTM tokens will surpass $8 shortly after launching on exchanges which would lead to a total gain of 53,233% from its original value. Tokenomics Fuel Exponential Growth Potential Mutuum Finance achieves its growth through the power of its token-oriented ecosystem. Each stage in the presale features a price increase protocol that accelerates investor urgency to participate. Phase one finished its sale quickly before phase two reached a $2 million investment goal while showing evidence of increasing market interest. The post-launch buy-and-distribute system causes continuous demand increases because every MUTM purchase occurs automatically when new loans take place thereby reducing token availability. The longer an asset remains deposited in the system the higher the amount of interest that becomes available for users. This dual-layer utility—earning from deposits and token appreciation—positions MUTM as a hedge against market downturns. Third-party security audits present an essential risk-minimization approach that is crucial to attracting wary investors. Limited Presale Window Narrows for High-Yield Entry Mutuum Finance’s presale window is shrinking as phase two advances. The current $0.015 entry point offers one of the final opportunities to secure tokens below $0.02. Post-launch targets of $8, based on comparable DeFi platforms’ trajectories, suggest a rare chance for exponential returns. Meanwhile, Ethereum’s road to $5,000, while plausible, demands flawless regulatory and technical execution—variables outside investors’ control. For those prioritizing near-term gains, MUTM’s structured scarcity and utility-driven demand present a compelling alternative. As 2025 approaches, Ethereum’s institutional tailwinds contrast with Mutuum Finance’s grassroots momentum. While ETH battles for a $5,000 breakthrough, MUTM’s presale performance and deflationary tokenomics position it for rapid ascension. With phase two nearing its cap, the clock is ticking for investors seeking entry before exchange listings amplify demand. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
As the inaugural crypto summit looms, speculation swirls around a potential policy overhaul. At the center of this excitement is the realization of Eric Trump’s zero crypto tax policy, which has sparked a heated debate. The key point of contention is whether Donald Trump will abolish the crypto capital gains tax, a move that could have far-reaching implications for the industry. Let’s dive into the ongoing debate surrounding the implementation of the zero crypto tax policy and its potential implications. Will Donald Trump Eliminate Capital Gains Crypto Tax? Interestingly, Adam Cochran, founder of Cinneamhain Ventures, has poured cold water on growing speculation about the introduction of a zero crypto tax policy in the United States. In his recent X post , Cochran stated that President Donald Trump could not “unilaterally change the tax code.” He added that any amendments to the related laws fall under the jurisdiction of Congress. According to Cochran, only Congress has the power to make such laws, which is explicitly stated in the Constitution. He added, “Even if the President announced it, or tried to sign an EO for it, that wouldn’t make it law.” Cochran further pointed out the necessity of understanding the separation of powers in the US government and the role of Congress in shaping tax policies. He also highlighted the basic need for civic education, which could indeed help citizens understand and differentiate between powers. White House Summit Weighs Zero Tax President Donald Trump is set to host the first-ever White House Crypto Summit on March 7, 2025 (Friday). While Crypto Czar David Sacks chairs the summit, the Working Group’s Executive Director Bo Hines will administer it. In a recent announcement, the Office of Communications stated, Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets. As Trump aims to transform the US into a crypto capital, the community eagerly anticipates groundbreaking policy announcements at the upcoming summit. One such anticipation is the zero crypto tax policy, proposed by Eric Trump. Though the potential implications of this policy shift remain uncertain, the community expects significant benefits from the proposed zero crypto tax policy. Will Donald Trump’s Possible Zero Crypto Tax Policy be a Boon? Recently, Eric Trump proposed the idea of a zero crypto tax policy, arguing that it could boost innovation, investments, and the US’ crypto lead. Though Eric Trump isn’t a policymaker, the community views his opinions as the reflection of the current administration. Many believe that Trump will implement the proposal, driven by his solid support for the crypto industry. Amidst many anticipated policy reforms in the upcoming crypto summit later this week , the introduction of a zero crypto tax policy is also widely anticipated at the summit. However, with the details of the zero crypto tax proposal still under wraps, ambiguity and uncertainty persist. The idea’s scope is vague as it is unclear if it would apply to all cryptocurrencies. It is also not known whether the policy would include both short-term and long-term gains. Furthermore, the level at which the zero tax would apply – individual or business – remains unspecified. Moreover, implementing the proposal could have far-reaching consequences. For example, the crypto market may experience extreme volatility and a potential downturn in the short term. Given the current uncertainty surrounding US regulatory frameworks, this may not be the optimal time for such a radical policy overhaul. The post Will Donald Trump Establish a Zero Crypto Tax Policy at the White House Summit? appeared first on CoinGape .