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 […]
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 […]
The Texas Senate passed the Bitcoin (BTC) strategic reserve bill SB-21 in a 25-5 vote on March 6, after deliberating the merits of the legislation on the Senate floor. Texas State Senator Charles Schwertner argued for the bill, saying that it would help the US state shore up its balance sheet with a valuable, scarce […]
Solana’s decentralized exchange (DEX) volumes still rival those of the entire Ethereum ecosystem despite a steep dropoff in memecoin trading activity, asset manager VanEck said. In February, Solana’s share of total onchain DEX volume topped 43%, briefly surpassing the combined DEX volume of Ethereum and its layer-2 scaling networks, according to a March 5 report […]
Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6. Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy. […]
Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF). El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and […]
Understanding liquidity crises A liquidity crisis occurs when an organization lacks sufficient liquid assets, such as cash or assets readily convertible to cash, to meet its short-term financial obligations. Major hacks in the cryptocurrency exchange sector can trigger liquidity crises in several ways. The immediate depletion of assets, especially from compromised hot wallets, can severely […]
Bitcoin (BTC) tapped $92,700 during the early Asian hours on March 6, 19% above the Feb. 28 low of $78,200 as sentiment improved across the board. The recent rejection at $94,500, however, raises questions about whether the BTC price could drop further over the next few days. BTC/USD hourly chart. Source: Cointelegraph/TradingView White House Crypto […]
A pair of posts by President Donald Trump about his plans for a US crypto reserve “triggered a marketwide rebound” in cryptocurrencies on March 2, with global market capitalization increasing nearly 7% to $3.04 trillion, Cointelegraph reported. Still, on closer examination, a crypto strategic reserve — presumably along the lines of the US Strategic Petroleum […]