Bitcoin’s price took a hit Thursday night after President Donald Trump signed an executive order to create a U.S. Bitcoin reserve and a digital asset stockpile, leading to a sharp drop in the cryptocurrency market. Bitcoin, which had been riding high earlier this week, slid 3%, falling to $87,586.86 from its previous highs, with a
Patrick Adeka
Patrick holds a graduate degree in Life Sciences and discovered Bitcoin and crypto in 2018. With a strong analytical background, he has worked with and advised multiple projects in DeFi and real-world NFT applications. Passionate about blockchain innovation, he provides valuable perspectives on decentralized finance and asset tokenization, shedding light on emerging opportunities in the space.
World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol inspired by Donald J. Trump’s vision for a more open financial system, has entered into a strategic partnership with Sui, a leading Layer 1 blockchain. This collaboration focused on advancing the future of blockchain applications, is set to include Sui’s assets in WLFI’s “Macro Strategy” reserve.
Trump’s World Liberty Financial Partners with Sui to Launch Strategic Token Reserve
Tether has taken decisive action by freezing $27 million worth of USDT on the Russian cryptocurrency exchange Garantex, following its inclusion in the European Union’s latest round of sanctions. As a result, Garantex has been forced to suspend all services, including withdrawals, while its website remains under maintenance. The freeze on Garantex’s funds came after
Tether Freezes $28 Million in USDT on Russian Exchange Garantex
Anatoly Yakovenko, co-founder of Solana Labs, has distanced himself from the idea of a U.S. government-controlled crypto reserve, warning that it could undermine the fundamental principles of decentralization that underpin blockchain technology. In a series of social media posts, Yakovenko expressed concerns that the U.S. government managing a crypto reserve would diminish the very ethos
Solana Co-Founder Opposes U.S. Crypto Reserve, Warns of Decentralization Risks
BioNexus Gene Lab Corporation has officially approved a treasury strategy focused exclusively on Ethereum, becoming the first Nasdaq-listed company to prioritize Ethereum as a strategic corporate asset. This innovative step sets BioNexus apart from other firms that typically lean on Bitcoin for digital asset reserves. The Wyoming-incorporated technology firm, unveiled its bold decision alongside the
BioNexus Becomes First Nasdaq-Listed Company to Approve Ethereum Treasury
Canary Capital, the investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is making a bold move in the cryptocurrency space by filing an S-1 with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) that tracks Axelar’s native token, AXL. The filing marks the beginning of what could be
Canary Capital Files for ETF Tracking Axelar, Boosting Cross-Chain Protocol’s Growth
Mt. Gox, the once-prominent cryptocurrency exchange now in bankruptcy proceedings, has transferred a significant amount of Bitcoin, valued at over $1 billion, to an unmarked address. According to Arkham Intelligence data, the exchange moved approximately 11,834 BTC—worth around $1.07 billion—into a wallet identified only as “1Mo1…9gR9” at around 3:17 UTC on Thursday. This transfer marks
Mt. Gox Transfers Over $1 Billion in Bitcoin According to Arkham Intel
Belarus is exploring the potential of mining cryptocurrencies, spurred by President Aleksandr Lukashenko’s recent remarks. Lukashenko highlighted the country’s excess electricity and the global trend toward cryptocurrency, particularly citing the U.S. government’s possible establishment of a national strategic crypto reserve. This new initiative reflects Belarus’s ambition to tap into the crypto mining space, following in
Belarus Considers Crypto Mining Initiative Amid Trump’s Reserve Plans
Bitcoin surged past $90,000 after a series of positive macroeconomic developments, including U.S. President Donald Trump’s decision to delay tariffs on auto parts from Canada and Mexico. This move, alongside Germany’s infrastructure spending plan and China’s decision to increase its budget deficit, boosted risk markets, driving crypto assets higher. Bitcoin rose 3.7% in the last
Bitcoin Surpasses $90K as Trump Delays Tariffs on Canada and Mexico
The memecoin market has seen a significant decline, with its total market capitalization dropping by 56% from its peak in December 2024. The once-thriving market, which had reached $137 billion in early December, now stands at just $54 billion as of March 5, 2025. This sharp downturn comes amidst fading hype and volatility, with industry
Memecoin MarketCap Drops 56% as Market Hype Declines
The European Securities and Markets Authority (ESMA) has provided clarity on the treatment of non-compliant stablecoins under the Markets in Crypto-Assets Regulation (MiCA). In a recent statement, ESMA confirmed that offering custody and transfer services for stablecoins not adhering to MiCA does not constitute an “offering to the public” or “seeking admission to trading.” Consequently,
Tether USDt Custody and Transfers Remain Unrestricted Under MiCA
Bitcoin wallets that have remained untouched for over 14 years have recently transferred approximately $22 million worth of Bitcoin. These wallets, created when Bitcoin was trading for just around $1, moved a total of 250 BTC this past Monday, sending shockwaves through the crypto community. According to blockchain data, the Bitcoin in question had been