Jumat, 07 Maret 2025

BTC dips below $90K, Trump's crypto moves


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

🚦 Texas greenlights BTC reserve bill

👀 Where's the pump? BTC drops below $90K

📺 Watch: Is Trump Manipulating the Crypto Market?

📰 Keep reading to find out about all of today's top news

Texas Greenlights Bitcoin Reserve Bill

Texas just made a bold move in the crypto space. The state Senate passed the Bitcoin strategic reserve bill (SB-21) in a 25-5 vote after a heated debate. Senator Charles Schwertner, the bill's sponsor, argued that adding Bitcoin to Texas' balance sheet is a smart hedge against inflation. While some critics worry about Bitcoin competing with the U.S. dollar, pro-Bitcoin lawmakers insist it's more like digital gold.

"We don't have stacks of dollar bills in safes like in medieval times. What we have is digital currency," —Senator Charles Schwertner.

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SEC's Crypto U-Turn Leaves Big Questions

The SEC has been backpedaling hard, dropping cases against Coinbase, OpenSea, Uniswap, and Robinhood. President Trump's push for a Bitcoin and crypto reserve has only further legitimized the industry.

But is this a true turning point for crypto regulation or just political maneuvering? Some experts warn that dropping NFT-related cases—like the one against Yuga Labs—doesn't necessarily mean NFTs are safe from being classified as securities.

The fight for regulatory clarity is far from over.

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Where's the Pump? BTC Drops Below $90K

You'd think an imminent U.S. Bitcoin reserve announcement would send BTC to the moon, but nope—Bitcoin slipped right back under $90K after hitting local highs of $93K. Despite all the hype around the first-ever White House Crypto Summit, the market isn't feeling the bullish vibes.

Traders remain cautious, waiting to see if any real action follows the political posturing.

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USDKG: A new way for national crypto adoption

El Salvador's crypto experiment proved that nations need a more strategic approach. Following this path, Kyrgyzstan, known for its progressive crypto stance, takes a calculated leap forward with the launch of USDKG, a gold-backed, government-supported stablecoin.

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Is Trump Manipulating the Crypto Market?

Trump's administration is making waves in crypto—some say for the better, others aren't so sure.

From SEC lawsuits to the surprise launch of Trump Coin and a planned crypto strategic reserve, the market is reacting in real-time. In this video, we break down what's really going on, what it means for Bitcoin, Ethereum, and altcoins, and whether this is just political theater or a game-changer for crypto.

Plus, predictions for Bitcoin's price in 2025—don't miss it!

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Bybit Hack: SafeWallet Drops Post-Mortem Report

SafeWallet just released its full breakdown of the Bybit hack that drained $1.4 billion in February. According to their analysis (in partnership with cybersecurity firm Mandiant), attackers hijacked a Safe developer's AWS session tokens, bypassing multi-factor authentication in the process.

Their key takeaway?

The crypto industry desperately needs stronger security measures and better user interfaces to prevent future breaches.

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How Ben Zhou Handled Bybit's $1.5B Hack

A $1.5 billion hack could have crushed Bybit, but CEO Ben Zhou didn't flinch. As the biggest security breach in crypto history unfolded, the exchange's co-founder had to navigate chaos, damage control, and regulatory scrutiny—all while trying to keep user trust intact. The question now: