Bitcoin's done 2,700% from its Covid low, with a $2.1 trillion market cap. It used to be chaotic, but that's part of the fun. You never knew what would happen next. Some random coin would surge 1,000% in a week and become all the rage. People were arguing, speculating, and trying new things. It used to be vibrant. Now it feels like silence. ETH, ADA, SOL, etc. all have similar stories... The market is essentially flat, interest is low, and even when new products are launched, no one seems to be interested. NFTs were all the rage, then quickly faded. Now most platforms are deserted. DeFi also feels quiet. Most people are probably just watching. Could it be that the...
US President Trump announced on March 2, 2025 that he is considering including five cryptocurrencies in the US new cryptocurrency strategic reserve. This news triggered a significant rise in the cryptocurrency market. According to US media, during the 2024 US presidential election, Trump gained support from the cryptocurrency industry and quickly took action to support its development. In recent weeks, Trump and his wife Melania have been accused of attempting to profit from White House policies by launching their own exclusive cryptocurrency. Here is a summary and discussion of various messages: 1. Cryptocurrencies included in reserves Trump announced on his social media platform "Truth Social" that he plans to include the following five cryptocurrencies in his strategic reserves: Bitcoin (BTC)...
As is well known, many government departments around the world are crazily storing Bitcoin in 2025! Especially in the United States, the Federal Reserve Act on Bitcoin is still in its early stages of review and discussion by committees, but multiple states have already launched a cryptocurrency reserve race of 'you fight me, you chase me' Arizona and Utah, which have made the fastest progress, have entered the Senate review process: From a timeline perspective, the action is still very fast, taking Utah as an example: the bill was only submitted on January 15, 2025. Less than a month later, it was voted through on February 6th. According to this progress, maybe the Senate can pass it next month....
How recognized is crypto currency from a global perspective? There are as many as 119 countries and regions that have legalized cryptocurrencies, which means that more than half of the countries in the world have legalized cryptocurrencies. Definition of Legalization of Cryptocurrencies: Legal status: Cryptocurrencies are officially recognized by the government and are legally given a status similar to traditional currencies or other financial assets.Legal framework: The government sets clear legal rules and standards for activities such as the trading, use, and mining of cryptocurrencies.Regulatory guidance: The government has set up a special regulatory body or department to regulate the cryptocurrency market and ensure its compliance and stability. Features of Cryptocurrency Legalization: Clarity: Legalization allows for a clear legal definition...
Recently, the US Department of Justice announced approval to sell 69370 bitcoins, worth approximately $6.5 billion, seized from the dark web marketplace Silk Road. This decision has aroused widespread concern and discussion in the market, especially in the context of the upcoming re appointment of President elect Trump. Trump made it clear during the election campaign that the government would establish a "Bitcoin reserve" and promised to "never sell" the seized Bitcoin. Therefore, this ruling not only involves fluctuations in the cryptocurrency market, but also relates to future government cryptocurrency policies. The "Bitcoin Strategic Reserve Act" has gained bipartisan consensus and supports the purchase of 1 million bitcoins with federal funds The US Department of Justice (DOJ) obtained...
