US Customs and Border Protection (CBP) authorities may have mistakenly seized thousands of Bitcoin miners under the impression that they were illegally imported radio frequency devices. Thousands of Chinese-made Bitcoin (BTC) miners had reportedly been seized at US ports of entry since around September and only began being released again as of a few weeks…
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US President Donald Trump has signed an executive order to create a strategic Bitcoin reserve, which would be initially funded with assets seized by the government, says the White House AI and crypto czar David Sacks. “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve,” Sacks said…
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US President Donald Trump could reportedly sign an executive order to create a Bitcoin reserve during the White House Crypto Summit on March 7. Such a reserve would be expected to buy more Bitcoin (BTC), in comparison to the US hanging on to the BTC it already owns through criminal seizures, Bloomberg reported on March…
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The digital asset advocacy organization Stand With Crypto has released data suggesting that the crypto policy positions of candidates in the 2025 New Jersey gubernatorial race could determine the outcome. According to a March 6 notice, Stand With Crypto said roughly 62,000 people had registered with the organization in New Jersey, suggesting that crypto-minded voters…
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Creating a strategic cryptocurrency reserve in the United States could boost Bitcoin’s (BTC) market capitalization by roughly 25%, or approximately $460 billion, according to an analysis by Sygnum Bank shared with Cointelegraph. US President Donald Trump’s plans for a national crypto stockpile, along with similar proposals across dozens of US states, could trigger a multibillion-dollar…
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Bitcoin (BTC) gained 6.8% between March 5 and March 6, briefly reclaiming $92,000. However, the trend reversed after the S&P 500 fell 1.3%, triggered by a warning from Philadelphia Federal Reserve President Patrick Harker about the US economy. Other factors also kept Bitcoin’s price below $95,000, such as rising tensions in Ukraine and uncertainty over…
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Former FTX CEO Sam “SBF” Bankman-Fried, sentenced to 25 years in 2024 for his role in misusing customer funds, gave another interview from prison before his 33rd birthday. Speaking to right-wing political commentator Tucker Carlson on March 5, Bankman-Fried talked about prison life since his sentencing and his thoughts on crypto regulation in the United…
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White House crypto czar David Sacks has criticized the US government’s sale of confiscated Bitcoin over the years, referring to it as a strategic mistake that has cost taxpayers billions. In a March 6 social media post, Sacks said the US government generated $366 million in proceeds from its Bitcoin (BTC) sales over the past…
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The total crypto market capitalization reached a new all-time high of $3.73 trillion on Dec. 14, 2024, but since then, the metric has dropped 21% to $2.91 trillion. Despite the current drawdown, one analyst believes the metric could reach new highs in Q2 2025. Total market cap and global liquidity index are correlated Mark Quant,…
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The Texas Senate passed the Bitcoin (BTC) strategic reserve bill SB-21 in a 25-5 vote on March 6, following a fierce debate on the state Senate floor. Texas State Senator Charles Schwertner, who introduced the legislation, argued for the bill and said it would help Texas shore up its balance sheet with a valuable, scarce…
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