SEC Reconsiders Crypto Custody Rule Under New Leadership
Acting SEC Chair Mark Uyeda is directing staff to reexamine the crypto custody rule proposed under the Biden administration.👏
📝 The rule, initially pushed by Gary Gensler, would require investment advisers to store crypto assets with qualified custodians, raising concerns about limiting banking options for the sector.
This marks the second SEC policy review in a month under the Trump administration signaling a softer stance on crypto. 🔥
Acting SEC Chair Mark Uyeda is directing staff to reexamine the crypto custody rule proposed under the Biden administration.👏
📝 The rule, initially pushed by Gary Gensler, would require investment advisers to store crypto assets with qualified custodians, raising concerns about limiting banking options for the sector.
This marks the second SEC policy review in a month under the Trump administration signaling a softer stance on crypto. 🔥
👍6
📈 Glassnode: Long-term Bitcoin holders are actively accumulating! In just one month, nearly 170,000 BTC were purchased!
🔎 This indicates strong confidence in Bitcoin's future, with long-term investors increasing their positions despite market fluctuations. Looks like the trend is bullish! 🚀
🔎 This indicates strong confidence in Bitcoin's future, with long-term investors increasing their positions despite market fluctuations. Looks like the trend is bullish! 🚀
👍5🤷♂4
Yesterday, Strategy acquired 130 BTC for $10.7M at an average price of $82,981 per BTC. 💰
Compared to their previous massive purchases, this one looks almost microscopic. 🧐
CryptoQuant analysts joked that it’s like buying BTC when you "haven’t received your paycheck yet but can’t resist." 😂
Even Peter Schiff couldn’t stay silent, sarcastically commenting: "Is that all you bought? Seems like you are running out of firepower."
As of March 16, Strategy holds 499,226 BTC worth $33.1B at an average price of $66,360 per coin. 🚀
Compared to their previous massive purchases, this one looks almost microscopic. 🧐
CryptoQuant analysts joked that it’s like buying BTC when you "haven’t received your paycheck yet but can’t resist." 😂
Even Peter Schiff couldn’t stay silent, sarcastically commenting: "Is that all you bought? Seems like you are running out of firepower."
As of March 16, Strategy holds 499,226 BTC worth $33.1B at an average price of $66,360 per coin. 🚀
🔥7👍1
🧪 EOS is transforming into Vaulta
EOS has announced a rebrand to Vaulta by the end of May 2025, shifting focus to Web3 banking. The transition includes a token swap and the creation of a Banking Advisory Board to bridge DeFi and TradFi.
The market reacted fast 🔥 — EOS +28%! 🚀
EOS has announced a rebrand to Vaulta by the end of May 2025, shifting focus to Web3 banking. The transition includes a token swap and the creation of a Banking Advisory Board to bridge DeFi and TradFi.
The market reacted fast 🔥 — EOS +28%! 🚀
👍5❤1🔥1
🐳 New whales are here!
According to CryptoQuant, fresh Bitcoin whales have accumulated over 200,000 BTC ($16.3B) in the last month.
These are wallets holding 1,000+ BTC that have been investing in Bitcoin for less than 6 months.
Seems like the big players are making their moves—are you? 👀🚀
According to CryptoQuant, fresh Bitcoin whales have accumulated over 200,000 BTC ($16.3B) in the last month.
These are wallets holding 1,000+ BTC that have been investing in Bitcoin for less than 6 months.
Seems like the big players are making their moves—are you? 👀🚀
👍5🐳1
Crypto soothsayer
🧪 EOS is transforming into Vaulta EOS has announced a rebrand to Vaulta by the end of May 2025, shifting focus to Web3 banking. The transition includes a token swap and the creation of a Banking Advisory Board to bridge DeFi and TradFi. The market reacted…
⚠️ Warning: EOS Address Spoofing Attack!
SlowMist reports an ongoing attack in the EOS network where scammers are creating fake accounts resembling OKX and Binance. They send small amounts (0.001 EOS) to users with the goal of tricking them into making transactions, leading to stolen funds. 👀💰
Be cautious, double-check addresses before interacting with any EOS transactions, and stay alert! 💥
SlowMist reports an ongoing attack in the EOS network where scammers are creating fake accounts resembling OKX and Binance. They send small amounts (0.001 EOS) to users with the goal of tricking them into making transactions, leading to stolen funds. 👀💰
Be cautious, double-check addresses before interacting with any EOS transactions, and stay alert! 💥
👍7👾1
🚀 Ethereum's Stablecoin Dominance Grows!
Ethereum continues to lead the stablecoin market, hosting a whopping $35B in USDC and $67B in USDT. 💰
In February alone, stablecoin activity reached $850B, with USDC and USDT driving $740B of that volume. 💪
Despite market fluctuations, Ethereum remains the go-to blockchain for stablecoins, showcasing its role as the primary settlement layer for digital dollar transactions.🌐💸
Ethereum continues to lead the stablecoin market, hosting a whopping $35B in USDC and $67B in USDT. 💰
In February alone, stablecoin activity reached $850B, with USDC and USDT driving $740B of that volume. 💪
Despite market fluctuations, Ethereum remains the go-to blockchain for stablecoins, showcasing its role as the primary settlement layer for digital dollar transactions.🌐💸
👍5🔥1
Crypto soothsayer
Yesterday, Strategy acquired 130 BTC for $10.7M at an average price of $82,981 per BTC. 💰 Compared to their previous massive purchases, this one looks almost microscopic. 🧐 CryptoQuant analysts joked that it’s like buying BTC when you "haven’t received…
🚀 Institutional Bitcoin Adoption Grows!
In just two years, the number of public companies holding BTC on their official treasury balance sheets has jumped from 33 to 80! 📈
More businesses are embracing Bitcoin strategies, reinforcing its role as a legitimate treasury asset. Will this trend continue as institutions seek a hedge against inflation? 🤔
In just two years, the number of public companies holding BTC on their official treasury balance sheets has jumped from 33 to 80! 📈
More businesses are embracing Bitcoin strategies, reinforcing its role as a legitimate treasury asset. Will this trend continue as institutions seek a hedge against inflation? 🤔
👍7🔥2❤1
Ethereum has seen a rapid price surge, briefly reaching over $2023! 🚀
Currently, ETH is struggling to stay above $2000, with a potential correction on the horizon.
Despite this, the sharp upward movement is significant — could this be the beginning of Ethereum's revival? Time will tell if this momentum can be sustained. 👀
Currently, ETH is struggling to stay above $2000, with a potential correction on the horizon.
Despite this, the sharp upward movement is significant — could this be the beginning of Ethereum's revival? Time will tell if this momentum can be sustained. 👀
🔥11
🕵️♂️ ZachXBT, an on-chain detective, claims that hacks and money laundering are far too easy, with exchanges and protocols responding far too slowly. 👀
He argues that "decentralized" projects profit largely from illegal transactions without taking responsibility, while centralized exchanges are even worse, taking hours to block funds while laundering occurs in minutes. 🤷
ZachXBT also criticized KYT for vulnerabilities and KYC for being ineffective, as accounts are often bought. He pointed out the $1.4 billion money laundering case involving North Korea as a glaring example of the industry's flaws. 🧐
He argues that "decentralized" projects profit largely from illegal transactions without taking responsibility, while centralized exchanges are even worse, taking hours to block funds while laundering occurs in minutes. 🤷
ZachXBT also criticized KYT for vulnerabilities and KYC for being ineffective, as accounts are often bought. He pointed out the $1.4 billion money laundering case involving North Korea as a glaring example of the industry's flaws. 🧐
🔥8
🚀 Big win for Ripple!
The SEC is withdrawing its appeal in the case against Ripple, and XRP is soaring on the news!
Brad Garlinghouse celebrates, while traders rush to catch the wave. Bullish times ahead for XRP? 🤔🔥
The SEC is withdrawing its appeal in the case against Ripple, and XRP is soaring on the news!
Brad Garlinghouse celebrates, while traders rush to catch the wave. Bullish times ahead for XRP? 🤔🔥
🍾10👍1
📢 Jerome Powell (Fed Chair) on the U.S. Economy
🔹 The U.S. economy remains strong, and the labor market is stable.
🔹 Inflation is still somewhat elevated, with recent data showing slowing consumer spending.
🔹 Economic uncertainty has increased, and inflation expectations are rising, mainly due to tariffs.
🔹 The Fed is in no rush to change interest rates and is closely monitoring the situation.
🔹 If the labor market weakens, monetary policy could be adjusted.
🔹 The Fed decided to slow down the pace of balance sheet reduction (QT).
🚀 Bitcoin reaction: After Powell's speech, BTC surged to $87,400 but has since corrected to around $86,000.
🔹 The U.S. economy remains strong, and the labor market is stable.
🔹 Inflation is still somewhat elevated, with recent data showing slowing consumer spending.
🔹 Economic uncertainty has increased, and inflation expectations are rising, mainly due to tariffs.
🔹 The Fed is in no rush to change interest rates and is closely monitoring the situation.
🔹 If the labor market weakens, monetary policy could be adjusted.
🔹 The Fed decided to slow down the pace of balance sheet reduction (QT).
🚀 Bitcoin reaction: After Powell's speech, BTC surged to $87,400 but has since corrected to around $86,000.
👍8
Bitcoin Demand Surges 👀
The market is seeing a high demand for BTC, comparable to the period after the FTX collapse when the bear market bottom was formed. 🤔
Since February 23, when BTC was priced at $96,000, new investors have acquired 172,705 BTC, indicating strong accumulation. 💰
📊 Source: CryptoQuant
The market is seeing a high demand for BTC, comparable to the period after the FTX collapse when the bear market bottom was formed. 🤔
Since February 23, when BTC was priced at $96,000, new investors have acquired 172,705 BTC, indicating strong accumulation. 💰
📊 Source: CryptoQuant
🔥9
Another crypto investor lost over $300,000 after copying the wrong address from their transaction history! 🙀💸
Always double-check addresses before sending funds—one small mistake can be irreversible! ⚠️
Always double-check addresses before sending funds—one small mistake can be irreversible! ⚠️
🤯7
🤔 Arthur Hayes predicts that quantitative tightening (QT) will likely end by April 1, 2025.
🔸Crypto needs new stimulus, such as money printing (QE), to fuel growth.
🔸Bitcoin has likely bottomed at $77,000, but the stock market may dip further before the Fed pivots.
Hayes has changed his stance again—this time, he's bullish! 📈🔥
🔸Crypto needs new stimulus, such as money printing (QE), to fuel growth.
🔸Bitcoin has likely bottomed at $77,000, but the stock market may dip further before the Fed pivots.
Hayes has changed his stance again—this time, he's bullish! 📈🔥
👍5👎1
💵 US Crypto Reserve Gets a Boost from Gotbit CEO 🌚
Almost six months ago, Gotbit CEO Andryunin was arrested for financial fraud involving cryptocurrencies. He faced up to 25 years in prison, but instead, it was announced that the US authorities would forfeit $23 million worth of his crypto assets. 💰
This amount will likely be added to the US crypto reserve, which, as revealed earlier, is only replenished through confiscations, not government purchases.
It seems that now many crypto offenders might have a legal way out—contribute to the "development of the US reserve" and walk free. But is this really a fair solution? 🤔
Almost six months ago, Gotbit CEO Andryunin was arrested for financial fraud involving cryptocurrencies. He faced up to 25 years in prison, but instead, it was announced that the US authorities would forfeit $23 million worth of his crypto assets. 💰
This amount will likely be added to the US crypto reserve, which, as revealed earlier, is only replenished through confiscations, not government purchases.
It seems that now many crypto offenders might have a legal way out—contribute to the "development of the US reserve" and walk free. But is this really a fair solution? 🤔
👎7
💎 Pavel Durov has acquired an exclusive username on Telegram for Elon Musk.
In response, Elon congratulated the Telegram founder on reaching 1 billion active users. 🍾
🤖 When asked about integration with Grok, Musk's AI, Durov confirmed it's happening.
Today, Telegram Premium users have access to the @GrokAI bot with no request limits.
Musk could become a valuable ally for Durov in expanding Telegram's presence in the US market. 🧐
In response, Elon congratulated the Telegram founder on reaching 1 billion active users. 🍾
🤖 When asked about integration with Grok, Musk's AI, Durov confirmed it's happening.
Today, Telegram Premium users have access to the @GrokAI bot with no request limits.
Musk could become a valuable ally for Durov in expanding Telegram's presence in the US market. 🧐
👍13🥰3
🐋 Whales Are Accumulating Bitcoin Again!
IntoTheBlock reports that after nearly a year of decline, the balance of Bitcoin held by whales has increased by 62,000 BTC ($5.3B) in March. 💰
This significant accumulation could be a sign of a trend reversal, indicating growing bullish sentiment among large investors. Keep an eye on the market! 📊
IntoTheBlock reports that after nearly a year of decline, the balance of Bitcoin held by whales has increased by 62,000 BTC ($5.3B) in March. 💰
This significant accumulation could be a sign of a trend reversal, indicating growing bullish sentiment among large investors. Keep an eye on the market! 📊
🔥5❤2