US Commerce Secretary Lutnick: Trump Could Decide on USMCA Tariff Delay Today
After a spree of enforcement actions against criminal activity, the US stacked an impressive amount of Bitcoin over ten years. Crypto Czar David Sacks argues that selling the confiscated Bitcoins for a pittance has cost US taxpayers a fortune ahead of the planned Crypto Strategic Reserve. America Could Have Gained $17 Billion From Hodling Its Seized BTC, Says Crypto Czar Crypto Czar David Sacks has criticized previous administrations of the US government for selling off seized Bitcoins. According to Sacks, the value of the disposed assets is now worth a large fortune that could benefit US taxpayers. In a post on X, Sacks disclosed that the US sold nearly 195,000 BTC over ten years for only $366 million. He argues if the federal government did not sell the Bitcoins, the assets would have been worth over $17 billion as Bitcoin eyes $100,000 . “If the government had held the bitcoin, it would be worth over $17 billion today,” said Sacks. “That’s how much it has cost American taxpayers not to have a long-term strategy.” The US government’s BTC holdings came from busting criminal activities on the deep web with the Silk Road seizures topping the list. At the time, US authorities confiscated nearly 170,000 in a single bust from Silk Road founder Ross Ulbritch in 2013. In 2020, authorities seized an additional 69,370 BTC and an additional 50,000 BTC associated with the Silk Road project. US Authorities Sold Confiscated Bitcoins In Droves The U.S. Marshalls Service (USMS) holds the confiscated BTC and organizes auctions for the sale of the assets. The Department of Justice (DoJ) has approved several BTC auctions drawing criticisms from several quarters over the handling of sales. The last sale occurred barely 10 days before new President Donald Trump assumed office amid whispers of a national Bitcoin Strategic Reserve for the US. President Trump has announced a Crypto Strategic Reserve tapping Bitcoin and a slew of altcoins to bolster holdings. “This isn’t just mismanagement. It’s theft from American taxpayers,” said Jane Adams on X. Imagine what could’ve been done with that wealth if only they had a clue about long-term strategy.” As the government inches toward a Bitcoin reserve, the sale of confiscated Bitcoins will be a rarity in the US. Furthermore, the US may earmark a portion of its budget to scoop Bitcoins following high-level discussions in Friday’s White House Crypto Summit . The post Crypto Czar Reveals How Much The US Has Lost From Bitcoin Sales appeared first on CoinGape .
XRP on verge of breakout versus Bitcoin as golden cross flashes major bull signal
The cryptocurrency world never sleeps, and recent tremors from the U.S. market are sending ripples across the globe. South Korea, a nation with a significant appetite for digital assets, is taking a proactive stance. Get ready to dive into the heart of Seoul’s crypto strategy as the ruling People Power Party (PPP) gears up for a crucial consultation. What does this mean for the future of crypto in Korea and beyond? Let’s unpack the details. Decoding Korea’s Crypto Consultation: Why Now? On March 7th, the People Power Party (PPP) is set to convene a pivotal consultation, bringing together government officials, industry experts, and representatives from South Korea’s leading cryptocurrency exchanges – Upbit, Bithumb, Korbit, and Coinone. This isn’t just another meeting; it’s a strategic response to the evolving US crypto landscape and its potential impact on domestic markets. But why the urgency? The global crypto market is interconnected, and policy shifts in major economies like the U.S. can have cascading effects. Recent regulatory developments and market trends in the United States are likely prompting South Korean policymakers to reassess their own approach and ensure stability and growth within their digital asset ecosystem. What’s on the Agenda? Delving into the Discussions Kim Sang-hoon, chairman of the PPP’s Policy Committee, has outlined a comprehensive agenda for the consultation. The focus is clear: to navigate the complexities of Korea crypto regulation in a rapidly changing global environment. Here’s a sneak peek at the key discussion points: Direction of Cryptocurrency Regulation: This is the big picture item. Expect discussions on the overall regulatory framework for digital assets in South Korea. Will there be adjustments to existing laws? Are new regulations on the horizon? The consultation aims to chart a clear path forward. Money Laundering Risk Management: A persistent concern for regulators worldwide, money laundering in the crypto space needs robust countermeasures. The consultation will explore strategies to mitigate these risks and ensure the integrity of the financial system. This includes examining current AML compliance measures and identifying areas for improvement. Consumer Protection Strategies: Protecting crypto investors is paramount. Discussions will revolve around enhancing consumer safeguards against fraud, market manipulation, and other risks inherent in the volatile crypto market. This could involve measures like stricter exchange oversight, investor education initiatives, and clearer guidelines on crypto investments. Addressing Unfair Trading Practices: Market fairness is crucial for investor confidence. The consultation will tackle issues like insider trading, wash trading, and other manipulative practices that can undermine market integrity. Expect discussions on strengthening surveillance and enforcement mechanisms to deter and punish unfair trading. Who’s at the Table? Key Players in Korea’s Crypto Scene The presence of representatives from Upbit, Bithumb, Korbit, and Coinone – the ‘Big Four’ of South Korean crypto exchanges – underscores the significance of this consultation. These exchanges are not just platforms for trading; they are integral to the Korean digital asset policy landscape. Their insights and perspectives will be invaluable in shaping future regulations. Alongside exchange representatives, industry experts will also be present, bringing diverse perspectives and specialized knowledge to the table. This collaborative approach, involving both the public and private sectors, signals a commitment to creating well-informed and effective crypto policies. The U.S. Factor: Why is America’s Crypto Landscape Driving Korea’s Agenda? The explicit mention of the “U.S.-driven shift” highlights the interconnectedness of the global crypto market. What happens in the U.S. often sets trends and precedents worldwide. Here’s why the U.S. crypto landscape is so influential: Market Size and Influence: The U.S. is one of the largest crypto markets globally. Regulatory actions and market developments there can significantly impact global prices and investor sentiment. Regulatory Clarity (or Lack Thereof): The evolving regulatory environment in the U.S., with ongoing debates and actions by agencies like the SEC, CFTC, and Treasury, creates uncertainty and prompts other nations to adapt or react. Technological Innovation and Market Trends: The U.S. is a hub for crypto innovation. Trends in the U.S. market, such as institutional adoption, DeFi developments, and NFT booms, often influence global crypto trends. South Korea is not alone in watching the U.S. closely. Many countries are grappling with how to regulate crypto assets effectively while fostering innovation. This consultation is a clear indication that Korea is actively seeking to position itself strategically in this evolving global landscape. Looking Ahead: What to Expect from Korea’s Crypto Policy? While the specific outcomes of the March 7th consultation remain to be seen, the very act of convening such a high-level meeting signals a serious and proactive approach to Korea crypto regulation . We can anticipate potential developments in several key areas: Refined Regulatory Framework: The consultation could lead to updates or clarifications in existing crypto regulations, potentially making them more comprehensive and tailored to the evolving market. Enhanced Enforcement: Expect a continued focus on enforcing existing regulations and cracking down on illegal activities in the crypto space, particularly money laundering and unfair trading practices. Greater Consumer Protection: Measures to protect crypto investors are likely to be strengthened, potentially through stricter exchange regulations, investor education programs, and improved dispute resolution mechanisms. International Collaboration: Given the global nature of crypto, Korea may seek closer collaboration with other nations, including the U.S., on regulatory standards and enforcement efforts. The Bigger Picture: Navigating the Global Crypto Wave South Korea’s proactive approach to crypto regulation is part of a larger global trend. Governments worldwide are recognizing the need to balance innovation with risk management in the digital asset space. This consultation is a significant step for Korea in navigating this complex landscape and ensuring its crypto sector remains both vibrant and secure. The outcomes of this consultation could have far-reaching implications, not just for South Korea’s crypto market, but potentially serving as a model for other nations grappling with similar challenges. As the global crypto landscape continues to evolve, keeping a close watch on developments like this in Korea is crucial for anyone involved in or interested in the future of digital assets. In conclusion, the upcoming consultation by Korea’s ruling People Power Party is a vital event to watch. It underscores the urgency and importance of adapting to the shifting sands of the global crypto market, particularly in response to the US crypto landscape . By bringing together key stakeholders to discuss regulation, risk management, and consumer protection, South Korea is taking a decisive step towards shaping a responsible and thriving digital asset ecosystem. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Meme coins have been gaining recently despite market-wide sell-offs. $FU and $BAN are two meme coins appearing on the top gainers list in the past week. Their pumps have made their respective communities happy, further driving up the hype around them. But smart money never stays in one place for long in the meme world. Right now, all signs are pointing to $CHONE being the next big rotation play. What’s Driving Money Flow to $FU and $BAN? The dominant sentiment in the crypto market currently favors meme tokens as an interim destination for financial gains, pending when the broader crypto market picks up. The weak morale around big cryptos like BTC, ETH, XRP, SOL, and ADA has caused investors to sell off losses to hopefully regain their money with meme tokens. This could mostly likely be the case for $FU and $BAN aside from their hype and community. The sustained momentum for meme coins has directed money into FU Coin ($FU) and Comedian ($BAN), driving their net gain over the last 7 days. Comedian ($BAN) has added anincrease to its $59 million market cap and sustained over $40 million in daily trading volume. This shows immense investor activity around the token. What Makes $CHONE A Good Investment? Different factors signal that a good meme project with solid fundamentals will do well in the market. One of them is the narrative. In a saturated meme market where a lot of meme coins recycle narratives or tag themselves as “killers” of other tokens, a fresh narrative that is highly relatable increases the chances for exponential growth. $CHONE’s narrative introduces a new philosophy: “World domination is overrated; tranquility is the true power.” Many crypto traders strive endlessly in the chaos and pressure of the market, looking for the next big coin to hold to the moon. Some believe that until they hit certain targets, they can have fun, relax, and embrace themselves. $CHONE offers a break from the endless hustle and bustle. With $CHONE, crypto traders don’t need to wait for a special time to relax. Investors don’t need to be endlessly subject to the chaos and pressure of the market. $CHONE holders refuse to be part of the rat race and dare to be different—embracing fun, humor, individuality, creativity, and self-paced investing as they hold a profitable bag to the moon. Chill Drone ($CHONE) leads a band of defiance that will challenge the status quo and choose relaxation over the endless need to dominate. A low cap and consistent daily trading volume also serve as pointers to a gem that could explode. The consistent flow of a fair amount of liquidity proves the validation of the project at a small scale and points to a potentially successful rally with the right hype. Upcoming $CHONE updates Chill Drone will be rolling out its gaming feature in the coming week per a recent release from the team. The games will come with a leaderboard and weekly rewards for its participants. This is highly anticipated as the GameFi feature of $CHONE promises real-life rewards to its players. Chill Drone ($CHONE) will also be releasing a prototype of its Chill Drone AI very soon. Integration has started, and community members will soon be able to interact with it! A Chill Drone AI assistant is also being tested for the Web version and will be completed soon. $CHONE is currently priced at $0.00056 with a market cap of $561,000. Its daily trading volume is fluctuating but is steady at $36,000 in the last 24 hours. Currently experiencing an 8% decline in price, this will be canceled out soon as the updates roll out! To learn more about Chill Drone ($CHONE), visit the following links: Website: www.chilldrone.io Twitter (X): x.com/chilldrone_io Telegram: t.me/chilldroneverfiy Contact address: 47TSGRuTiSsDpifLUu8WYc3xveFP7SwAvbi9K6brpump
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the market recovers, attention shifts to which crypto, including Polkadot and Chainlink, could see 10x gains. Table of Contents XYZVerse: The first sports meme coin poised for 50x gains? Polkadot Chainlink Conclusion As the market begins to recover, attention turns to which cryptocurrencies might see significant gains. Polkadot and Chainlink are well-known contenders, but an emerging crypto could outpace them both. Identifying the one poised for a tenfold increase could be key to unlocking substantial profits in the near future. You might also like: Chainlink eyes key breakout while XYZVerse’s $9m presale gains steam XYZVerse: The first sports meme coin poised for 50x gains? The excitement around XYZVerse is building fast. As the first-ever all-sports meme token, it’s merging the passion of sports fans with the viral energy of meme culture — creating a crossover that’s catching serious attention. With a skyrocketing presale and a dedicated community, some investors believe this could be the next 50X breakout. Beyond just another meme coin Unlike typical meme coins that thrive on hype alone, XYZVerse is setting a new standard by integrating sports into the crypto world. The project is gaining momentum, and its presale reflects that demand. Early investors who got in at $0.0001 have already seen the price surge to $0.002 by Stage 10 — nearing the $7.5 million milestone. With a final presale target price of $0.1, many are eyeing major potential gains. Bullish sentiment on XYZ XYZVerse is already making waves on CoinMarketCap, where 95% of voters are bullish on its growth. Influential crypto analysts are also taking notice — DanjoCapitalMaster, with nearly 800,000 followers, recently called XYZVerse a “moonshot opportunity.” While nothing in crypto is guaranteed, the excitement is undeniable. But it’s not just about hype. XYZVerse’s tokenomics are designed for long-term growth: 15% allocated to liquidity for market stability. 10% set aside for community rewards, including airdrops and bonuses. 17.13% reserved for deflationary burns, potentially reducing supply and increasing demand over time. Community-powered growth and big plans ahead XYZVerse isn’t just launching a token — it’s building a movement. The Ambassador Program lets users earn free tokens by supporting the project, and talks are already underway with major sports celebrities to expand its reach. By bridging the gap between sports fans and crypto investors, XYZVerse is crafting something unique — combining entertainment, engagement, and real value. Could XYZVerse be the next big meme coin? With a rapidly growing presale, a strong and engaged community, and an ambitious roadmap, XYZVerse is shaping up as one of the most promising meme coins of the year. While the crypto market remains unpredictable, the early signs suggest this could be a rare opportunity. Polkadot Polkadot’s (DOT) price has moved notably over the past six months, increasing by 8.46%. This shows resilience amid market fluctuations. However, recent trends show a downward shift. In the past month, DOT’s price dropped 15.34%, and over the last week, it decreased 6.03%. This decline points to potential short-term bearish sentiment. Currently priced between $4.50 and $5.58, DOT is near its support level at $3.78. The 10-day SMA is $4.33, and the 100-day SMA is $4.62, reflecting a cautious outlook. The RSI at 51.03 suggests the asset is neither overbought nor oversold. The MACD level of -0.0183 indicates slight bearish momentum. These indicators hint DOT might test support levels if the downtrend continues. If buying pressure increases, DOT could aim for the resistance at $5.94. Breaking this could target the second resistance at $7.02, a potential upside of over 25%. The stochastic at 54.05 suggests room for upward movement. Traders will watch for signs of reversal, as a shift in sentiment could propel DOT’s price upward. Chainlink Chainlink (LINK) has shown varied price movements recently. In the past week, it rose by 1.37%, indicating slight growth. Over the last month, it dropped by 24.17%, showing a significant decline. However, over six months, the price has increased by 54.59%, highlighting strong long-term growth. Current data suggests potential for a price rise. The RSI is 65.71, nearing overbought but still bullish. The Stochastic oscillator is high at 96.69, confirming strong momentum. The MACD is positive at 0.2212, supporting upward movement. Chainlink’s price is between $14.68 and $18.96 now. The nearest resistance is at $20 and then at $24. Breaking these levels could lead to significant gains. Support levels are at $11.93 and $7.65. The 10-day and 100-day simple moving averages are close, at $15.04 and $15.10, indicating consolidation. Conclusion Though DOT and LINK are promising, XYZVerse’s blend of sports and meme culture, aiming for 20,000% growth, could make it the first to skyrocket 10x. To find more information about XYZVerse, visit their website , Telegram , or X . Read more: Golden cross alert: Is a massive Shiba Inu, Polygon, XYZVerse rally on the horizon? Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The stock market is plunging again, as data from CNBC shows the Dow Jones Industrial Average dropped by 381 points, or 0.9%, while S&P 500 futures fell by 1.1%. The Nasdaq took the hardest hit, sinking 1.4%. The latest sell-off comes as new U.S. tariffs on imports from Canada, Mexico, and China took effect this week, shaking the markets. In response, China and Canada hit back with retaliatory tariffs, while Mexico warned of countermeasures coming by the weekend. Wall Street is getting slammed with uncertainty. Stocks have already lost over 1% this week, and investors are dumping riskier assets fast. While the White House announced a one-month delay on some auto tariffs Wednesday, it wasn’t enough to calm fears. Traders had hoped for broader exemptions, but skepticism is growing. Nasdaq composite | Source: CNBC The Russell 2000 index, which tracks small-cap stocks, has dropped 9.4% from its January high. Goldman Sachs and other major banks are getting hit, while consumer staples like Procter & Gamble are drawing more interest. Jobs data isn’t helping either. According to ADP’s latest payroll report, private companies added only 77,000 jobs in February, far below the 148,000 estimate from Dow Jones. This is also down from January’s revised 186,000, marking the weakest job growth since July. The trade, transportation, and utility sectors combined lost 33,000 jobs in February. The numbers are fueling concerns about stagflation—a combination of rising prices and slowing growth that could hit the economy hard. Wall Street is already worried that Trump’s tariff policies could choke economic growth. Trump’s “America First” trade bets are backfiring When Trump rang the opening bell at the New York Stock Exchange in December, investors cheered his economic vision. The idea was simple: America would win the trade war while competitors would struggle. That bet isn’t paying off. Instead of crushing global rivals, U.S. stocks are struggling while Europe is outperforming. The S&P 500 has risen 6% in six months, matching the FTSE 100 in the UK. But it’s far behind France’s CAC 40 (+9%) and Germany’s DAX (+20%). The Stoxx Europe 600 is up 8%. A massive German stimulus package has driven the euro to its highest level against the dollar since November. The weaker dollar is pushing investors toward Europe, where stock valuations are looking stronger. Stock heat map | Source: Tradingview “We have gone from ‘all roads lead to the U.S.’ to seeing numerous cracks in U.S. exceptionalism,” said Alain Bokobza, Société Générale’s head of global asset allocation. Traders are moving their money elsewhere. Defense stocks in Germany are booming. Rheinmetall’s stock has surged 130% in six months. Siemens Energy is up 115% as infrastructure spending ramps up. Meanwhile, Tesla—one of the biggest stock market winners after Trump’s election—has lost nearly all of its post-election gains. Fund managers are now calling this a “Make Europe Great Again” trade, with investors pouring money into European stocks at the fastest pace in three years, according to Goldman Sachs. Vincent Mortier, chief investment officer at Amundi, said, “We have seen a kind of Mega replacing Maga.” U.S. stocks are slipping as investors rethink tech bets Despite strong earnings reports, U.S. stocks are struggling to keep up. Economic data isn’t looking good, and the tech sector, once the heart of Wall Street’s rally, is starting to look less attractive. The market is questioning the AI boom and whether tech stocks can keep delivering the massive profits investors expected. Instead of buying more, investors are now using tech stocks as a “source of funds”, selling shares in major U.S. companies to buy into Europe and emerging markets. “Ironically, in a year where everyone said America First, other markets, including emerging markets and Europe, might outperform,” said David Hauner, global head of emerging markets and FX strategy at BofA. The bond market is telling the same story. Traders now expect at least two interest rate cuts from the Federal Reserve this year, with a strong chance of a third. At the start of the year, only one or two were expected. Meanwhile, the 10-year Treasury yield has fallen from 4.8% in January to below 4.3%. Over in Europe, German Bund yields have jumped to 2.8%, their highest level since 2023. Investors are betting on stronger European growth, reversing the trend from earlier in the decade when all the money was flowing into the U.S. Fund managers say Wall Street got Trump’s first term wrong Some fund managers believe the market misread Trump’s impact from the beginning. Instead of focusing on short-term tax cuts and deregulation, investors should have paid attention to the long-term effects of tariffs and economic slowdowns. “The good news of lower taxes and deregulation was factored in quickly,” said Trevor Greetham, head of multi-asset at Royal London Asset Management. “But it was hard to factor in the bad news—tariffs, deportations, and growth slowdowns—before they actually started happening.” Meanwhile, European investors are getting more optimistic. Policymakers are pushing massive stimulus measures that could finally narrow the performance gap with the U.S. “Europe is at its best in a crisis,” said Karen Ward, JPMorgan Asset Management’s chief market strategist for EMEA. She believes investors had underestimated Europe’s ability to adapt. “The penny has dropped in Europe that the world has changed,” Ward added. “And if we do not galvanize and move together, we are going to have all sorts of problems.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The recent listing of Arbitrum [ARB] on Robinhood has sparked renewed interest, leading to a significant bounce in price amidst a challenging market climate. In the wake of this listing,
Raoul Pal believes the dollar's decline could positively influence cryptocurrency markets. Weak dollar increases investor interest in Bitcoin and alternative assets. Continue Reading: Raoul Pal Predicts Dollar Weakness Boosts Cryptocurrency Interest The post Raoul Pal Predicts Dollar Weakness Boosts Cryptocurrency Interest appeared first on COINTURK NEWS .