Former FTX CEO Sam “SBF” Bankman-Fried has reportedly been sent to solitary confinement after taking part in an interview with right-wing political commentator Tucker Carlson, which was not approved by prison authorities. “This particular interview was not approved,” a representative for the US Bureau of Prisons told The New York Times on March 7. Bankman-Fried…
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Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors. The outflows indicate institutional investors are wary of Bitcoin (BTC) exposure after Trump’s March 6 executive order — which created…
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The US Office of the Comptroller of the Currency (OCC) has eased its stance on how banks can engage with crypto just hours after US President Donald Trump vowed to shut down Operation Chokepoint 2.0 — the prolonged crackdown restricting crypto firms’ access to banking services. “Crypto-asset custody, certain stablecoin activities, and participation in independent…
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United States Treasury Secretary Scott Bessent said the US government will use stablecoins to ensure that the US dollar remains the world’s global reserve currency during the White House Crypto Summit on March 7. Bessent reiterated the Trump administration’s promise to end the war on crypto and committed to rolling back previous IRS guidance and…
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A crypto wallet holding over $400 million in Bitcoin (BTC) linked to the darknet marketplace Nucleus has awakened after nine years, according to Arkham Intelligence. On March 7, the entity controlling the wallet moved $77.5 million in BTC to three new addresses, leaving $365 million in the primary wallet. The wallet had been dormant since…
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White House crypto czar David Sacks has further elaborated on the US government’s decision to treat Bitcoin as a special reserve asset, calling it a “scarce” digital resource that could benefit the country over the long term. In a March 7 interview with Bloomberg Technology, Sacks said, “We’ve decided that Bitcoin is scarce, it’s valuable,…
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US President Donald Trump’s executive order establishing a strategic Bitcoin (BTC) reserve called for a budget-neutral strategy to acquire more coins, which includes adding more BTC through asset forfeitures and possibly converting other reserve assets to the cryptocurrency. The US government maintains strategic reserves covering a range of assets and commodities, including gold, petroleum, natural…
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With many crypto industry leaders and US government officials expected to gather at the White House in a matter of minutes, some are speculating that the event will explore regulatory clarity. On March 7, US President Donald Trump is expected to address an audience of crypto company CEOs and founders to discuss regulatory policies, stablecoins…
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The blockchain platform linked to United States President Donald Trump took the crypto market downturn as an investment opportunity, tripling its Ether holdings in a week ahead of the White House’s first Crypto Summit on March 7. Meanwhile, Solana was hit by nearly half a billion dollars worth of outflows in February as cryptocurrency investors…
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Bitcoin’s volatility reached new highs and futures prices recoiled after US President Donald Trump’s order to create a strategic Bitcoin reserve for the United States drew ambivalent reactions from traders, market data shows. Experts said the market’s response indicates disappointment among traders who hoped for a more aggressive plan to buy Bitcoin (BTC) with federal…
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