According to the latest information, US Commerce Secretary Howard Lutnick stated in his statement that Donald Trump's tariff crisis could be resolved today (tomorrow US time). Lutnick said in a statement: Trump will reach some kind of compromise with Mexico and Canada on tariffs, and we could announce it tomorrow. The Trump administration will balance the budget. Trump may lower tariffs on the US and Mexico tomorrow. Trump will make some concessions on issues related to Canada and Mexico, but will not give in completely (will not meet all of Canada and Mexico's demands). Related News: A Surprise Altcoin Founder Will Attend Donald Trump's Big Cryptocurrency Summit on Friday *This is not investment advice. Continue Reading: BREAKING: Donald Trump’s Tariff Crisis Could Be Resolved Very Soon, Secretary of Commerce Announces
The U.S. Securities and Exchange Commission (SEC) has agreed to drop its enforcement case against Cumberland DRW, a Chicago-based crypto trading firm. The lawsuit, filed in October 2024, accused the firm of operating as an unregistered securities dealer and selling over $2 billion in unregistered securities. US SEC Withdraws Charges Against Cumberland DRW In a recent filing, the US SEC agreed to drop its enforcement case against Cumberland DRW. The decision is pending approval from most of the commission’s three-panel members. The agency had previously accused the firm of acting as an unregistered securities dealer. The lawsuit, filed in October 2024, alleged that Cumberland DRW sold more than $2 billion in unregistered securities. The SEC named several tokens, including Polygon (POL), Solana (SOL), Cosmos (ATOM), Algorand (ALGO), and Filecoin (FIL), as securities. The firm had denied the allegations and stated it had attempted to comply with regulatory requirements. Following the announcement, Cumberland DRW released a statement expressing its commitment to regulatory dialogue. The firm emphasized its dedication to integrity and transparency in the evolving financial landscape. The crypto trading platform added, “As a firm deeply committed to the principles of integrity and transparency, we look forward to continuing our dialogue with the SEC to help shape a future where technological advancements and regulatory clarity go hand in hand, ensuring that the U.S. remains at the forefront of global financial innovation.” Enforcement Reversal Under New Leadership The decision to drop the case against Cumberland DRW follows a series of abandoned enforcement actions by the US SEC. Since Acting Chair Mark Uyeda took office, the agency has withdrawn cases against multiple crypto firms. These include Coinbase, ConsenSys, and Kraken lawsuit . The SEC has also closed investigations into several companies, including Gemini, OpenSea, Robinhood Crypto, and Yuga Labs. These reversals indicate a shift in the agency’s approach to crypto regulation. The case against Cumberland DRW was one of the key enforcement actions initiated under previous SEC leadership. Meanwhile, the Securities and Exchange Commissioner Hester Pierce revealed members of the newly formed Crypto Task Force. The 15-member team includes key officials such as a Chief of Staff, Chief Counsel, Chief Policy Advisor, and Chief of Operations, alongside 10 senior advisors from various SEC divisions. Pierce emphasized that the task force will focus on developing practical solutions for crypto regulation. Regulatory Adjustments in Crypto Enforcement The US SEC’s decision to drop the case against Cumberland DRW marks another shift in its stance on crypto regulation. The agency’s previous enforcement actions had drawn criticism from industry leaders and legal experts. Under the new leadership, the US SEC appears to be reconsidering its strategy toward digital assets. More so, the continued legal actions and settlements by the U.S. SEC have led to speculation that the commission might be nearing a resolution in the Ripple lawsuit . With recent cases against other crypto firms being dropped, industry observers believe the SEC may reconsider its stance on XRP. Ripple awaits the SEC’s decision by April 16, 2025, as the broader crypto market monitors the case impact. The post US SEC Drops Case Against Cumberland DRW in Crypto Securities Dispute appeared first on CoinGape .
El Salvador has increased its Bitcoin reserves, purchasing an additional 1 BTC and bringing its total holdings to 6,101.18 BTC, valued at approximately $527 million. This latest acquisition reinforces President Nayib Bukele ‘s ommitment to strengthening the country’s Bitcoin strategy. El Salvador’s National Bitcoin Office confirmed the purchase on March 4 in a post on X. 🇸🇻El Salvador buys another bitcoin for strategic reserve. pic.twitter.com/pyWepGk8bL — The Bitcoin Office (@bitcoinofficesv) March 4, 2025 This move aligns with El Salvador ’s “1 BTC a day” accumulation strategy, aimed at economic diversification and serving as a hedge against traditional financial systems. The purchase also signals the government’s continued confidence in Bitcoin ( BTC ), despite recent market volatility. “It’s not stopping,” President Bukele commented on X following the acquisition. You might also like: Bukele on Bitcoin: ‘It gave us branding, investment, and tourism’ El Salvador’s bitcoin strategy amid IMF deal This latest purchase of Bitcoin comes as El Salvador adjusts its Bitcoin policies to align with a $1.4 billion loan agreement with the International Monetary Fund. Recently, the country modified its Bitcoin law, making the cryptocurrency’s use voluntary rather than mandatory. The adjustment was part of efforts to secure IMF support and maintain fiscal stability in the eyes of international lenders. Despite the policy changes, El Salvador continues to bolster its Bitcoin reserves as a key part of its long-term economic strategy. As of March 4, the country has added 46 BTC in the past 30 days, worth approximately $3.97 million, data from the National Bitcoin Office chart shows. This underscores El Salvador’s belief in the potential of Bitcoin to become a store of value and a driver of economic growth. The country’s Bitcoin City project , which won global recognition in 2023, is aimed at creating a hub for cryptocurrency innovation and continues to implement measures to make the country more Bitcoin-friendly. You might also like: Bhutan’s new administration region to hold BTC, ETH, BNB as part of
The SEC has created a crypto task force led by Hester Peirce. Discussions focus on the significance of tokenization in the market. Continue Reading: SEC’s New Approach to Cryptocurrency Sparks Interest in Tokenization The post SEC’s New Approach to Cryptocurrency Sparks Interest in Tokenization appeared first on COINTURK NEWS .
Bitcoin’s recent movement of $22 million from dormant wallets after 14 years raises concerns among investors about potential selling. Once untouched since 2011, these transactions highlight both the volatility of
In a surprising turn of events, Belarus is stepping into the cryptocurrency arena with a unique strategy. President Alexander Lukashenko has officially given the green light to develop crypto mining operations within the nation, leveraging a resource that many countries often overlook: excess energy . But what does this mean for Belarus and the global crypto landscape? Let’s dive into the details of this intriguing development. Why Belarus is Eyeing Crypto Mining? Belarus’ decision to embrace crypto mining isn’t arbitrary. It’s a calculated move driven by several compelling factors. President Lukashenko, as reported by BelTA, views excess energy not just as a byproduct, but as a valuable asset. Imagine having surplus electricity that could be transformed into revenue. This is precisely the opportunity Belarus is seizing. Here’s a breakdown of the key motivations: Revenue Generation: Lukashenko explicitly stated that crypto mining is seen as a significant revenue stream for the country. In a world increasingly leaning towards digital finance, this could be a smart economic diversification strategy. Utilizing Surplus Electricity: Belarus, known for its industrial base and energy infrastructure, sometimes generates more electricity than it immediately needs. Instead of letting this excess energy go to waste, channeling it into energy-intensive crypto mining operations makes economic sense. Following Global Trends: The reference to “U.S. crypto adoption trends” suggests Belarus is observing the growing acceptance and integration of cryptocurrencies globally. By entering the crypto mining space, Belarus positions itself to benefit from this expanding market. Attracting Investment: Belarus is already recognized for its low energy costs, a major draw for crypto mining ventures. This directive could further enhance its appeal to international crypto investors, potentially boosting foreign investment and technological growth within the country. Belarus: A Budding Hub for Cryptocurrency? Belarus has been quietly building a reputation as a region with favorable conditions for cryptocurrency related activities. Several factors contribute to this emerging status: Low Energy Costs: As highlighted in the initial report and by Cointelegraph, Belarus boasts relatively low electricity prices compared to many other nations. Energy cost is a critical factor in the profitability of crypto mining , making Belarus an attractive location. Government Support: President Lukashenko’s directive signals strong government backing for the cryptocurrency sector, specifically crypto mining . This political support can create a more stable and predictable regulatory environment, encouraging investment and development. Strategic Location: Belarus’ geographical location in Eastern Europe could serve as a bridge between Europe and Asia, potentially facilitating international collaborations and market access within the cryptocurrency space. The Benefits of Utilizing Excess Energy for Crypto Mining The concept of using excess energy for crypto mining presents a win-win scenario with several advantages: Economic Efficiency: Transforming otherwise underutilized excess energy into a valuable commodity like cryptocurrency is a highly efficient economic strategy. It maximizes the return on existing energy infrastructure investments. Reduced Energy Waste: Instead of curtailing or wasting excess energy , crypto mining provides a productive outlet. This can lead to better energy grid management and potentially reduce environmental impact compared to other methods of energy disposal. Attracting Tech Innovation: Promoting crypto mining can attract tech companies, skilled professionals, and innovation in related fields like blockchain technology and data center management to Belarus. Diversification of Economy: Entering the cryptocurrency sector diversifies Belarus’ economy, reducing reliance on traditional industries and opening up new avenues for growth and international trade in digital assets . Challenges and Considerations for Belarus’ Crypto Mining Venture While the prospects are promising, Belarus needs to navigate potential challenges to ensure the success of its crypto mining initiative: Regulatory Clarity: Clear and comprehensive regulations around cryptocurrency and crypto mining are crucial. The government needs to establish a legal framework that fosters innovation while addressing potential risks like money laundering and illicit activities. Infrastructure Development: While Belarus has energy infrastructure, scaling up for large-scale crypto mining might require further investment in data centers, cooling systems, and high-speed internet connectivity. Market Volatility: The cryptocurrency market is known for its volatility. Belarus needs to be prepared for price fluctuations and market cycles that could impact the profitability of crypto mining operations. Environmental Concerns: While utilizing excess energy is a positive step, Belarus should also consider the overall environmental footprint of crypto mining , encouraging energy-efficient practices and exploring renewable energy sources to power these operations in the long term. What Does the Future Hold for Belarus and Crypto Mining? Belarus’ move into crypto mining is a significant development that could reshape its economic landscape and potentially influence the global cryptocurrency industry. By strategically leveraging its excess energy resources, Belarus is positioning itself as a forward-thinking nation embracing the digital economy. The success of this venture will depend on effective policy implementation, infrastructure development, and adaptability to the evolving cryptocurrency market. This initiative could serve as a model for other countries with excess energy capacity, demonstrating a sustainable and economically viable way to participate in the digital assets revolution. Keep an eye on Belarus – it might just become a key player in the world of cryptocurrency . To learn more about the latest crypto mining trends, explore our article on key developments shaping cryptocurrency adoption.
Cryptocurrency journalist Eleanor Terrett provided an update on the names that will attend the White House cryptocurrency summit on Friday. According to the latest information, big Bitcoin bull Michael Saylor from the money world, David Bailey, Paradigm founder Matt Huang, Exodus CEO JP Richardson, Multicoin managing partner Kyle Samani, Trump's cryptocurrency project World Liberty Financial co-founder Zach Witkoff, and Chainlink (LINK) founder Sergey Nazarov will attend the cryptocurrency summit. Related News: After Donald Trump's Cardano, XRP and Solana Announcement, Analysts Predicted What Will Happen Next: Will the Anticipated Come? Eleanor Terrett did not provide any information about Ripple CEO Brad Garlinghouse’s participation in the meeting at the moment. However, it is known that Garlinghouse and Ripple are on good terms with President Donald Trump. Also, according to the latest information, the Solana founder and Cardano founder were not invited to the meeting. However, this information may change later. Donald Trump recently announced that a cryptocurrency strategic reserve consisting of XRP, Solana, Ethereum and Cardano will be established. *This is not investment advice. Continue Reading: A Surprise Altcoin Founder Will Attend Donald Trump’s Big Cryptocurrency Summit on Friday
Are longtime holders gearing up to sell? Some $22 million worth of Bitcoin just moved from a half-dozen wallets after 14 years.
Litecoin has faced a massive drop as the entire crypto market experiences intense selling pressure. Increased volatility has driven sharp price swings, with LTC plunging from $130 to $100 in a matter of hours. This steep decline has raised concerns among investors as Litecoin struggles to maintain key support levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Market uncertainty has left Litecoin trading at a crucial level, with bulls trying to defend $100 amid persistent selling pressure. The failure to hold above higher price ranges suggests a weakened bullish structure, increasing the risk of further declines. Top analyst BigCheds shared a technical analysis highlighting that this is the third time Litecoin has thrown back to the $100 level. Historically, repeated retests of key support zones increase the likelihood of a breakdown, adding to the bearish sentiment surrounding LTC. If the $100 level fails to hold, Litecoin could face a deeper correction, aligning with the broader market downturn. Traders are now closely watching Litecoin’s next move to determine whether it can stabilize or if another wave of selling will push it lower. With volatility dominating the market, LTC remains at a pivotal moment that could dictate its price action in the coming weeks. Litecoin Keeps Holding The Range Litecoin is currently trading between key liquidity levels after months of volatility and uncertainty in the market. Despite its turbulent price action, LTC has shown relative strength in recent weeks, managing to hold key support levels. However, it continues to struggle against significant resistance, preventing a clear trend from forming. The main issue facing Litecoin is its inability to break above supply levels, keeping price action in a tight range. While bulls have attempted to push LTC higher, sellers at major resistance levels have repeatedly stalled momentum. Without a decisive breakout, Litecoin remains stuck in a consolidation phase, leaving traders unsure of its next move. BigCheds’ technical analysis highlighted that another high-timeframe (HTF) throwback to the $100 range followed a $130 supply level rejection. This marks the third time Litecoin has tested the $100 support zone, a level that has been crucial in preventing deeper declines. If LTC fails to hold this area, it could trigger a more extended correction. A breakout above $130 or a breakdown below $100 will likely determine Litecoin’s next major move. Until then, traders remain cautious as price action continues to signal uncertainty and indecision. The coming days will be critical in deciding whether LTC can reclaim higher levels or face another wave of selling pressure. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? Price Action Details: Key Levels To Hold Litecoin is currently trading at $102 after a massive drop from the $130 mark, leaving bulls in a critical position to defend key levels. The recent decline has pushed LTC to the lower boundary of its trading range, testing crucial support that has held multiple times in recent months. So far, price action has respected both supply and demand zones, with resistance around $130-$140 and support near $100. This channel structure has defined Litecoin’s movement, keeping it within a clear range-bound pattern. Bulls must now hold the current level to sustain this channel thesis, preventing further downside. eIf Litecoin confirms a breakout above $130, it could signal the start of a new bullish trend, pushing LTC toward higher levels. However, a break below $100 would indicate a loss of demand, likely triggering a deeper correction and increasing selling pressure. Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? For now, traders are closely watching whether LTC will hold or break its current support zone. The next major move will likely come from a decisive breakout in either direction, setting the stage for Litecoin’s trend in the coming weeks. Featured image from Dall-E, chart from TradingView
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . As markets continue to react to the latest tariff announcements, President Trump is preparing to give his first joint Congressional address this evening. We expect his speech will primarily defend the new levies placed on Mexico, Canada and China. Other timely topics he may touch on include the federal budget, which, if Congress fails to pass in the next 10 days, will spur a government shutdown. We also wouldn’t be surprised if he gets on the defensive about that Oval Office conversation with Ukrainian President Zelensky. “TOMORROW WILL BE BIG. I WILL TELL IT LIKE IT IS!” the president wrote in a Truth Social post last night. As if anyone had any expectations he would refrain from sharing his candid thoughts and feelings. It’s unlikely that Trump will mention either the tumbling stock market or cryptocurrencies. If he does get into the economy, we expect him to mention investments in US-made AI and technology initiatives, such as Apple’s $500 billion commitment. I’d be surprised if Trump comments on the crypto reserve he first announced over the weekend, but it’s possible he does, especially since he’s likely going to need Congressional approval to get it up and running. His speech comes days ahead of the White House’s inaugural crypto summit , which will kick off on Friday. The guest list has so far been kept under wraps, but federal officials attending include AI and crypto czar David Sacks and digital asset working group executive director Bo Hines. Tonight’s address starts at 9 pm ET. 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.