Crypto

Source: Coin Tegraph David Sacks, the AI and crypto czar in the Trump administration, said the White House will support congressional efforts to rescind the Internal Revenue Service (IRS) decentralized finance (DeFi) broker rule, set to be implemented in 2027. In a March 4 X post, Sacks said the administration supported Texas Senator Ted Cruz’s…

Source: Bitcoinist Bitcoin has faced massive volatility and selling pressure as wild price swings dominate the market. After reaching a high of $96,000 last week, BTC saw a sharp 18% retrace, plunging to $78,000 last Friday. The sudden drop intensified fears of a deeper correction, with traders scrambling to assess the next move. However, in…

Source: Coin Tegraph Many in the crypto community believed that US President Donald Trump’s second-term election would send Bitcoin prices skyrocketing, and it did — from $69,374 on Election Day (Nov. 5) to a record $108,786 when the new administration took office on Jan. 20.  But since that time, the price of Bitcoin (BTC) has…

Source: Bitcoinist The cryptocurrency market was briefly invigorated over the weekend following President Donald Trump’s announcement regarding the creation of a “crypto strategic reserve,” which would include tokens such as XRP, Solana (SOL), Cardano (ADA), Ethereum (ETH), and Bitcoin (BTC).  This news initially propelled crypto prices upward with XRP and ADA among the biggest gainers,…

Source: Coin Tegraph Bitcoin (BTC) stayed volatile at the March 4 Wall Street open as weak crypto markets weighed the impact of US trade tariffs. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin edges closer to multimonth lows Data from Cointelegraph Markets Pro and TradingView showed new local lows of $82,037 for BTC/USD on Bitstamp. A rebound…

Source: Bitcoinist One crypto whale made $6.8M off a big bet over the weekend. But in the wake of a flurry of crypto news, both good and bad – and mostly bad – the rest of us are thinking: Why is crypto down now – again? The answer is complicated and doesn’t paint a great…

Source: Coin Tegraph Wallets belonging to the defunct crypto exchange FTX and bankrupt trading firm Alameda Research unstaked over 3 million Solana tokens, its largest SOL unlock since it started selling off company tokens in November 2023. On March 4, blockchain analytics firm Lookonchain flagged FTX and Alameda’s wallets unstaking 3.03 million Solana (SOL). At…

Source: Coin Tegraph SSV Network proposed a new permissionless staking module for Lido, aiming to improve decentralization and staking infrastructure for institutional participants. SSV Network proposed a permissionless staking module that leverages SSV’s Distributed Validator Technology (DVT) to integrate node operators (NOs) into the operator set of Lido on Ethereum. If approved, the proposal would…

Source: Coin Tegraph Turkish digital bank BankPozitif is set to launch cryptocurrency custody services in collaboration with Swiss crypto platform Taurus, making it the latest financial institution in Turkey to embrace digital assets. On March 4, BankPozitif announced a strategic partnership with Taurus, enabling its institutional clients to store crypto assets with the bank. The…

Source: Bitcoinist A newly disclosed set of deadlines from the International Monetary Fund (IMF) appears set to sharpen oversight of El Salvador’s Bitcoin during the coming year and beyond. According to information released by journalist Ricardo Valp of El Faro, President Nayib Bukele’s administration allegedly agreed to share comprehensive data on its BTC holdings and…