Belarus Government Considering Crypto Mining with Excess Energy Supply Belarusian President Aleksandr Lukashenko instructed newly appointed officials to focus on energy infrastructure development and local cryptocurrency mining with the nation’s excess electricity. He emphasized that the use of excess power would be beneficial in stimulating the economy without wasting it. Enhancing Energy Infrastructure Addressing a meeting with Energy Minister Aleksei Kushnarenko, Lukashenko emphasized the modernization of Belarus’ power grid, particularly 5,700 km of networks essential for residential areas, businesses, and electric vehicles. While high-voltage infrastructure is safe, weaker networks require adequate reinforcement to prevent blackouts, such as those that occurred during recent storms in the Gomel Region. What matters most to the government is ensuring a stable supply of electricity to 1,500 settlements, particularly where demand for electrification is on the rise. Belarus’ Previous Crypto Mining Initiatives The Belarus government has had a past interest in crypto mining. In 2021, Viktor Karankevich, the Minister of Energy, affirmed that authorities had considered the potential for utilizing excess energy in mining operations. They reviewed risks within the industry, power consumption, and economic impact in their investigation, which took into account successful mining operations in China, the United States, Canada, and Russia. The leadership in Belarus has also taken regulatory frameworks from other countries to see how they would help implement crypto mining as part of the nation’s energy strategy. Increase Electricity Use for Crypto Mining and Warming Lukashenko also encouraged increased electricity usage for hot water supply and heating, citing plans for the second nuclear power plant. The president presented this project as a long-term step aimed at meeting increasing energy demand and ensuring long-term sustainability. Officials were instructed to develop new incentives for households and businesses to change from gas to electricity-based heating, maximizing the country’s power infrastructure. Future of Crypto Mining in Belarus The president validated the global interest in cryptocurrency and the nation’s excess of electricity as the two most powerful drivers of potential mining projects. He suggested that Belarus could either welcome foreign investors to mine cryptocurrency or establish state-backed mining projects. Lukashenko urged policymakers to develop regulatory framework that makes the mining of cryptos an economically viable enterprise as well as for protecting national interests. According to him, there should be regulations that strictly restrict mining operations for preventing illegal actions such as clandestine use of energy or unstated operations. Belarus’ stance in favor of mining is also in line with its general economic and energy strategy, which might make the country a hub of cryptocurrency mining in Eastern Europe. If implemented, these steps can stimulate Belarus’ technological development and create new economic opportunities for individuals and businesses.
As bitcoin holds steady above the $88,000 threshold, Michael Saylor’s Strategy (formerly Microstrategy) maintains a 29% gain on its extensive BTC holdings. Meanwhile, MSTR shares have climbed more than 11% over the past week, defying the broader downturn in the crypto sector. What If Strategy Bought Ether Instead of Bitcoin? A Massive Difference Answers That
Alexis Ohanian, co-founder of Reddit, has confirmed that he is among those looking to acquire TikTok’s U.S. operations. If the bid to purchase the short-form video platform’s U.S. business succeeds, Ohanian says the goal is to bring it on-chain. The Reddit co-founder noted this after Reuters reported that he had joined Frank McCourt’s bid to buy off TikTok U.S. Ohania, a prominent individual in the social media technology space and across Silicon Valley, will work with McCourt and Project Liberty as a strategic advisor. “TikTok has been a game-changer for creators, and it’s future should be built by them,” Ohanian added. You might also like: Michael Saylor invited to White House Digital Assets Summit Ohanian’s remarks on X follow McCourt’s comments that he welcomes the Reddit co-founder as part of the bid. He is an experienced individual whose input could be important in the bid to take over TikTok’s assets in the U.S., McCourt said. Most importantly, Ohanian understands the social media space and “where it’s evolving.” Project Liberty’s vision for TikTok U.S. includes integrating blockchain technology, giving users greater control over their data, its usage, and sharing. Commenting on this and how Ohanian could help, McCourt noted: “Where he can help mostly is validating but also socializing what we’re doing. This is a project which has very sophisticated technology at the core, and so you’re dealing with a very specific audience when it comes to demonstrating the validity of that technology and in how it works, and why it’s necessary.” TikTok is owned by ByteDance, a Chinese internet company. The app went off U.S. app stores briefly after a ban went into effect, with Apple and Google relisting it following President Donald Trump’s intervention. Traders on prediction markets see odds of a ban as being higher. Ohanian’s investment portfolio includes Instacart, Patreon and OpenSea. You might also like: TikTok ban: Can crypto survive without TikTok’s influence?
Cardano and Solana are hitting prices that could be prime for new investments. These two cryptocurrencies are showing signs of potential growth, attracting keen eyes in the market. Insights into why these coins are poised for a rise reveal key trends and factors at play. Dive in to discover what makes these altcoins stand out right now. Cardano: Price Trends and Key Levels in a Bull-Driven Market Over the past month, Cardano experienced a 9.50% dip , contrasting with a notable 150.77% gain over the last six months. This price action reflects volatility, highlighting a long-term uptrend despite recent weakness. Sellers took profits earlier in the month, while buyers drove prices higher in the half-year, creating a mixed picture of short-term caution set against strong long-term growth. Currently, Cardano trades between 0.44 and 0.88 dollars, with immediate resistance at $1.15 and support around $0.26. The RSI at 51.14 indicates a balance, with bulls emerging from an 18.42% weekly surge, while bears linger at lower levels. This setup suggests trading ideas like buying near support and taking profits as resistance levels are tested. Solana Price Trends and Current Market Dynamics Solana experienced a major decline over the past month, with prices falling by 35.71%. Despite this sharp drop, a 2.35% increase over the last six months indicates some signs of recovery. The coin fluctuated within a range of approximately $104 to $213.04, reflecting considerable volatility. A slight 3.81% decrease over the past week further highlights the pressure on the price, showing mixed results in the short- and mid-term performance. Current support is at $60.77, while key resistance levels are identified at $277.85 and $386.39. Bearish signals from indicators like the Awesome Oscillator and Momentum Indicator indicate that sellers are in control. The RSI reading of 37.89 also points toward bearish sentiment. With no clear trend established, traders should watch for price movements that could signal either a breakout above resistance or a decline below support for potential trading strategies. Conclusion ADA and SOL currently present attractive entry prices. Both cryptocurrencies have shown potential for growth and stability in the market. Investors may find this an opportune moment to consider these options. The recent performance and trends suggest a promising future for both ADA and SOL. By understanding the main insights, it's clear these coins offer solid opportunities for those looking to invest. Careful consideration could lead to beneficial outcomes in a portfolio. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
On Mar. 4, the U.S. Senate released the Congressional Review Act to rescind a Biden-era regulation commonly known as the Broker DeFi Rule. This rule required decentralized finance platforms to share user data with the Internal Revenue Service. The CRA is set to cancel Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Assets Sales (or simply “Broker DeFi Rule”) was created by Sen. Ted Cruz and 13 cosponsors. The voting on the Rule cancellation was scheduled for Mar. 5, but it may occur later due to schedule conflicts. According to Cruz’s Statement of Administration Policy, the rule expanded the definition of “broker” to include software that provides access to decentralized finance platforms, effectively placing the DeFi sector under IRS oversight. The Broker DeFi Rule pushed the DeFi platforms to subject users to Know Your Customer politics, report gross proceeds from transactions and other actions on the platforms, and share involved taxpayers’ details with the agency. In CRA, the Broker DeFi Rule is described as a compliance burden imposed on the American DeFi companies. Another problem with the rule is the privacy concerns. The rule was adopted in the final days of the Biden administration on December 30, 2024, and took effect on January 1, 2025. However, DeFi platforms were not expected to meet compliance obligations until 2027. Cruz and his co-sponsors urged the president to sign the CRA into law, arguing that it would foster innovation and economic growth rather than stifle it. David Sacks, the White House crypto advisor, voiced support for the CRA on X. The White House is pleased to announce its support for the CRA introduced by @SenTedCruz and @RepMikeCarey to rescind the so-called Broker DeFi Rule, an 11th hour attack on the crypto community by the Biden administration. pic.twitter.com/T7Hxasb4aC — David Sacks (@davidsacks47) March 4, 2025 Why is the Broker DeFi Rule problematic? The crypto industry has opposed the Broker DeFi Rule from the start, arguing that it misunderstands how decentralized finance operates. The rule assumes that DeFi platforms function as intermediaries, like traditional brokers, rather than front-end services facilitating peer-to-peer transactions. https://crypto.news/irs-targets-defi-blockchain-groups-challenge-new-broker-reporting-rule The Broker DeFi Rule mistakenly suggests that DeFi platforms (like actual brokers) serve as intermediaries between their counterparts. The Rule authors seemingly don’t understand that decentralized finance platforms act as the front-end services facilitating peer-to-peer transactions, connecting the counterparts but not controlling them. Kristin Smith of Blockchain Association called the rule unconstitutional as it violates the Administrative Procedure Act and exceeds the statutory authority of the IRS and the Treasury Department. The joint statement of the Association, DeFi Education Fund, and Texas Blockchain Council cites the Blockchain Association Head of Legal Marisa Coppel as saying, “Not only is this an infringement on the privacy rights of individuals using decentralized technology, it would push this entire, burgeoning technology offshore.” The activists warned that this “midnight decision” of the Biden administration would cripple the DeFi sector, not only imposing a burden on entrepreneurs but posing an existential threat to the industry. No wonder the announcement of the White House support for the Broker DeFi Rule cancellation was met with much enthusiasm. A very important step to undo a very damaging Warren-era policy – one that destroys small blockchain projects and strangles any tax revenue that the industry would otherwise produce. — Bill Hughes : wchughes.eth 🦊 (@BillHughesDC) March 4, 2025 What’s the probability that the rule will be rescinded? The Broker DeFi Rule does not align with the current administration’s pro-crypto stance. It contradicts the goal of keeping the cryptocurrency sector private and free from government surveillance. Given that the Trump administration has explicitly banned the development of central bank digital currencies, a vote to repeal the rule would be consistent with its policy direction. More than that, during his presidential campaign in the summer of 2024, Trump promised tax relief for the crypto companies from the US. The Broker DeFi Rule effectively pushes the American DeFi platforms offshore because of the unlikely demand for collecting and sharing users’ personal information. Considering these facts, the rule has a great chance of being rescinded. Additionally, the rule itself was submitted by the IRS, and Donald Trump expressed his willingness to abolish the IRS altogether. The respective Earl Carter proposal has already been created. However, it is too early to judge if something like this takes place. Nevertheless, that’s another argument in favor of the high probability of the success of the CRA introduced by Ted Cruz. You might also like: Congressman proposes IRS elimination
The Dogecoin price is currently bouncing off the lower border of a Falling Wedge pattern, signaling the potential for a strong upward momentum. A crypto analyst has explained that if the cryptocurrency can break above this boundary, it could reach several new bullish targets soon. Dogecoin Price Next Bullish Targets Dogecoin is showing signs of a potential bullish reversal from downtrends as it bounces from the lower boundary of its second Falling Wedge formation. A Falling Wedge is considered a bullish technical pattern that appears when a cryptocurrency’s price forms two converging trend lines sloping downward. It indicates a possible recovery from bearish trends and a subsequent price surge after breaking above the upper trend line. According to Rose Premium Signals on X (formerly Twitter), the Dogecoin price action suggests that it may be gearing up for a major breakout . The meme coin recently touched a critical support zone near $0.16896, where buyers stepped in to halt the downtrend. This price level marks the lower boundary of the second Falling Wedge, on which Dogecoin is currently bouncing. A sharp bounce from the $0.16896 level could reignite previous bullish momentum , signaling that the worst of the correction may be over. In the last few weeks, DOGE’s price has been in a prolonged decline, driven by a broader market downturn and Bitcoin’s volatility . The meme coin is currently consolidating below the $0.2, aiming to stabilize its price after rallying to new highs earlier this year. Rose Premium Signals has shared a 3-day chart indicating a gradual decline in Dogecoin’s selling pressure . If the meme coin successfully breaks above the Falling Wedge’s descending resistance, the analyst predicts a potential rally toward four major bullish targets. The first target is $0.23, a key resistance level where profit-taking may occur. The second target is $0.287, a former support level turned resistance. The third is $0.340, which will mark a significant breakout that could fuel further gains. Lastly, the analyst predicted a long-term price target of $0.445 if DOGE can maintain its bullish momentum. Looking at the trajectory of the analyst’s Dogecoin chart, the meme coin is expected to hit $0.445 before descending to the $0.291 support level. Subsequently, this decline is set to trigger another significant rally, pushing the meme coin’s price above $0.56. DOGE Price Decline Fuel Whale Accumulation The Dogecoin price is currently trading at $0.19 after crashing by more than 10% in just one day. CoinMarketCap’s data reveals that Dogecoin experienced a slight price surge above $2 recently, but it failed to maintain its bullish momentum, leading to its present declined state . Amidst this volatility and price crashes, Dogecoin whales are accumulating tokens at an alarming pace. A crypto analyst and Dogecoin supporter identified as the ‘Dogegod’ on X announced that these deep-pocketed investors have bought another 40 million DOGE tokens in the last 24 hours. This lofty purchase is equivalent to $30 million, signaling an increasing interest in the popular meme coin.
The El Salvador government faces restrictions under a new deal with the International Monetary Fund (IMF). The country that made Bitcoin a legal tender must limit its crypto activities as part of a financial aid program. However, President Nayib Bukele remains committed to the Bitcoin strategy, continuing to add BTC to the nation’s holdings. IMF Approves $1.4 Billion Deal but With Conditions The IMF approved a $1.4 billion Extended Fund Facility for El Salvador, expected to last over 40 months. This fund aims to help fix the nation’s economy and support its growth. Reportedly, $113 million has already been paid as first payment. However, the deal bans the government from buying Bitcoin. President Nayib Bukele remains committed to crypto, recently adding 19 BTC to the country’s holdings. This came after the country bought 7 BTC on February 24 amid a crypto market downturn. IMF Deal Ends With El Salvador Legal Tender Status El Salvador gained global attention for making Bitcoin an official currency in 2021. However, the IMF says most people in the country rarely use it. The agency asserted that its unstable price movement and lack of public trust have made it unpopular for everyday payments. Meanwhile, the country’s financial system has not been affected by Bitcoin, but very few tax payments have been made using it. In late January, El Salvador’s Council approved the amendment to its Bitcoin Law . This aligned with conditions set by a $1.4 billion loan agreement with the IMF. As part of the deal, citizens can no longer pay taxes using the digital asset. Also, businesses no longer have to accept Bitcoin as payment. Now, they can decide whether to use it or not. El Salvador’s Future Economic Outlook The IMF’s plan aims to strengthen El Salvador’s economy by cutting government spending by 3.5% of GDP over three years. It focuses on reducing salary costs while still supporting social programs. These changes aim to improve the country’s financial stability. Due to better security and reforms, the economy is expected to grow by 2.5% to 3% in the coming years. By 2029, debt should fall to 81% of GDP, reducing the country’s need to borrow money. The IMF hopes these changes will bring long-term financial stability, even if El Salvador has to slow down its Bitcoin plans. Meanwhile, El Salvador is looking for investments in areas other than crypto. It recently passed a new law to support the growth of artificial intelligence (AI). President Nayib Bukele’s government believes this will attract new technology and more investors to the country. The post El Salvador Defy IMF Deal, Buys More Bitcoin To Boost Holdings appeared first on TheCoinrise.com .
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . An SEC overhaul was one of the crypto industry’s major expectations upon lobbying for — and ultimately achieving — an administration change. While the Trump-Zelensky meeting fallout, the president’s crypto reserve announcement and tariffs have commanded headlines in recent days, the US securities regulator continues to share industry-changing news. The latest development? The SEC closed its investigation into Yuga Labs, which the company called “a huge win for NFTs” in a Tuesday tweet. It added succinctly: “NFTs are not securities.” Let’s map out the many other SEC actions since Trump’s election victory on Nov. 6: The set-up Nov. 21: SEC Chair Gary Gensler says he will depart the agency on Jan. 20. Dec. 4: Trump nominates Paul Atkins to lead the SEC . He’s not yet confirmed as chair, but that hasn’t held back the commission like some thought it might . Jan. 20: Gensler indeed steps down as chair. Jan. 21: Trump names Mark Uyeda acting chair. Jan. 21: The SEC reveals a new crypto task force (led by Hester Peirce) “dedicated to developing a comprehensive and clear regulatory framework for crypto assets.” Guidance, suit dismissals, ended probes, oh my. Jan. 23: SEC releases SAB 122, rescinding SAB 121 . Industry watchers say the move could pave the way for banks and brokers to custody spot crypto. Feb. 4: Peirce lays out the SEC’s crypto-focused priorities , noting it’ll take time to “disentangle all these strands.” Feb. 13: A federal judge pauses the SEC’s civil lawsuit against Binance for 60 days. Feb. 20 : Coinbase CEO Brian Armstrong reveals the SEC’s decision to drop its litigation with the crypto exchange. https://t.co/0iY0E7Mc9q pic.twitter.com/hVsGpnpNZd — Brian Armstrong (@brian_armstrong) February 21, 2025 Feb. 21: The SEC ends its investigation into NFT platform OpenSea, CEO Devin Finzer shares . Feb. 21: Robinhood also gets word from the SEC that the agency has closed its probe into the company. No intended enforcement action. Feb. 21: Another Peirce statement urges public input to achieve crypto regulatory clarity on a number of questions. Some for the industry to ponder on security status, for example: Feb. 24: The SEC concludes its probe into Gemini . Also no planned action. Feb. 24: Another closed investigation with similar outcome. This time the one into Uniswap Labs . Feb. 27: Consensys and the SEC agree the securities enforcement case concerning MetaMask should be dismissed. Feb. 27: The SEC notes its decision to dismiss the Coinbase suit is to “renew its regulatory approach to the crypto industry” rather than “any assessment of the merits of the claims alleged in the action.” Feb. 27: SEC Commissioner Caroline Crenshaw says the SEC’s Coinbase dismissal “ignores 80 years of well-established law.” She adds: “Whatever the law may be tomorrow, market participants should not be able to avoid the law as it stands today.” Feb. 27: A busy day, the SEC also addresses memecoins. It believes “transactions in the types of memecoins described in this statement do not involve the offer and sale of securities under the federal securities laws.” Then this week, a few things preceded the aforementioned Yuga Labs news. The SEC agreed “in principle” and “with prejudice” to drop its lawsuit against Kraken. Peirce then revealed members of the crypto task force. Chief of staff Richard Gabbert is a senior adviser to Uyeda and has served as counsel to Peirce since 2018. Oh, and the SEC has all the while been acknowledging various crypto ETF proposals holding assets beyond BTC and ETH . A potential good sign for those, but no approvals yet. Other than ETF decisions, we’ll be watching for any SEC pivot on the Ripple case. Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam. Empire : Start your day with top crypto insights from David Canellis and Katherine Ross. Forward Guidance : Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. 0xResearch : Get alpha directly in your inbox — market highlights, charts, degen trade ideas, governance updates, and more. Lightspeed : All things Solana, in your inbox, every day from Jack Kubinec and Jeff Albus. The Drop : The newsletter for crypto collectors and traders, covering games, tokens, apps, memes and more.
The recent volatility in the cryptocurrency markets has drawn significant attention, especially following the US manufacturing PMI signaling an economic upswing. As cryptocurrency prices fluctuate, understanding the implications of macroeconomic
In the wake of Trump's global trade war and steep tariffs that have thrown markets into chaos, Hyperliquid and Raydium are testing crucial support levels. These crypto assets are teetering under renewed market pressure as billions vanish overnight in a volatile environment. With traditional markets and crypto alike reeling from the fallout, anticipation builds around whether these coins will bounce back or face further declines. This analysis delves into the potential directions for Hyperliquid and Raydium, providing insights on their prospects for either a resurgence or a downturn. As investors grapple with uncertainty and heightened volatility, the fate of these assets could set a precedent for others in the crypto space. Find out which ones seem ready for a turnaround amid the current economic storm. Hyperliquid Set for Rebound: Recent Dip vs. Six-Month Surge Hyperliquid experienced a one-month decline of nearly 28.5% and a one-week drop of approximately 16.8%. Recent fluctuations reflect a sharp retracement following this short-term drop. Over the last six months, the coin rallied by roughly 66%, indicating a strong long-term recovery despite recent bearish moves. Current trading shows the coin fluctuating between $15.17 and $26.59, with resistance at $33.24 and support near $10.41. Technical indicators suggest bearish sentiment, marked by weak momentum. An RSI of 31.47 points to oversold conditions. Traders may look for a breakout above $33.24 or consider entering near support, as the trend remains unclear. Raydium Price Trends: 6-Month Gains Amid a Sharp 1-Month Decline The past month shows considerable pressure with a drop of nearly 65% and a weekly slide of about 27%. Over the last six months, the price rebounded with a gain of around 44%. Recent behavior indicates high volatility and rapid shifts in market sentiment, reflecting nervousness among traders. This mixed momentum profile has led to fluctuating performance in the coin’s value. Current trading hovers between a support level near $0.59 and rising resistance levels at approximately $9.13 and $14.33. Bears seem to dominate as key oscillators and momentum indicators remain in the negative range, with the RSI near an oversold threshold. Opportunities might exist for cautious buyers near support if a reversal materializes, but a break above $9.13 would be necessary to signal a shift toward a clear uptrend. Conclusion HYPE and RAY are at crucial levels. Their ability to hold these supports will determine their next move. A hold could spark a strong rebound, suggesting renewed interest. However, a break might lead to further declines, indicating a bearish trend. Investors are watching these levels closely to gauge market sentiment. The market's response in the coming days will be key to understanding the future price action of HYPE and RAY. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.