This takedown, years in the making, wasn’t subtle. US and European regulators have been circling for ages, using Garantex as a poster child for what happens to unregulated platforms that stray too close to the fire. The message? The noose is tightening for crypto outlaws.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

A Coordinated Crackdown On Russian Crypto Exchange Garantex

The Garantex site is dead, replaced by a blunt seizure notice from the US and Russian Secret Service. Moreover, spokesperson Nate Herring confirmed the takedown as part of an “ongoing investigation,” though details remain under wraps.

BREAKING

All Russian Wallets With $USDT Are Under Danger!

Earlier this morning, Garantex Exchange anounced that @Tether_to had frozen ₽2.5B(RUB) worth of $USDT on their wallets.

And just recently, their website https://t.co/IFVH21W9dV has been taken down.

It is reported… pic.twitter.com/B0E4drbl8P

— enCRYPT0 (@0xEncrypto) March 6, 2025

This action follows Tether’s controversial decision to freeze $28 million in USDT associated with Garantex on March 6. Importantly, the stablecoin issuer’s participation demonstrates the growing collaborative approach between law enforcement agencies and major crypto organizations to combat illicit activities within the digital asset ecosystem.

Explore: Best Meme Coin ICOs to Invest in March 2025

Tether Blockade and Garantex’s Response

Reacting to the situation, Garantex issued a statement via its Telegram channel accusing Tether and reiterating its determination to resolve the issue.

“We are fighting and will not give up,” the exchange stated, adding that it had “temporarily suspended all services, including cryptocurrency withdrawals while our entire team solves this problem.”

The frozen assets reportedly amount to over 2.5 billion rubles (approximately $25 million), further complicating the situation for the exchange, which has been under scrutiny for years.

Garantex has been a thorn in the side of Western authorities for years. Sanctioned in April 2022 by the U.S. Treasury’s OFAC—with backing from the FBI and German authorities—the exchange was accused of funneling over $100 million to shady operators.

Among the accusations was nearly $6 million linked to the notorious Conti ransomware gang and $2.6 million flowing from Hydra, the now-dead darknet bazaar.

Implications for the Crypto Industry

The seizure of Garantex’s assets and takedown of its site is just the latest salvo in the fight over crypto’s soul. By alleging ties to sanctioned Russian entities, U.S. authorities are folding crypto into a broader narrative of geopolitical enforcement.

This also raises the question—are U.S. and Russian officials cracking down on crypto or quietly hoarding it in a digital arms race?

The takedown of Garantex’s website ramps up the fight against crypto platforms accused of fueling illicit transactions. With international agencies banding together, the message is clear—judgment day is coming for unregulated exchanges.

The fallout could reshape crypto’s future. Tether’s role in freezing assets points to an industry walking a fine line between compliance and liberty. Regulators call it accountability; skeptics call it the slow death of centralization.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Russia’s Secret Service Just Seized a Russian Crypto Exchange: Hyperbitcoinization Race is On? appeared first on 99Bitcoins.

 For Bitcoin maximalists, it’s a defining moment. For the rest of crypto—left watching from the bleachers as altcoins like XRP were ignored—it’s a bitter pill. The fallout saw markets whip into a frenzy, amplifying the fault lines already dividing digital assets.

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Explore: 9 High-Risk High-Reward Cryptos for 2025

Why Is XRP Dropping?  The Strategic Bitcoin Reserve Framework

Rather than buy into the market, the Strategic Bitcoin Reserve runs entirely on seized Bitcoin from criminal actions. No fresh acquisitions, no taxpayer dollars—Trump’s order makes clear that future expansion hinges on “budget-neutral strategies.” The reserve appears more like a vault than a trading desk, committed to holding its assets instead of liquidating them.

Trump pitched the move as a defining step in America’s digital dominance. “We’re cementing our place as global leaders in the crypto space,” he declared, “while building economic strength here in the US”

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

XRP’s Market Performance and Technical Outlook

Notably absent from this historic policy are alternative cryptocurrencies, including Ethereum, Solana, and Ripple’s XRP. While Bitcoin reigns supreme in this initiative, the exclusion of these altcoins disappointed many crypto advocates. XRP, in particular, saw its community rallying to defend its legitimacy as a leading digital asset.

Conversely, options data points to a rising demand for long-term call positions, hinting that the market isn’t counting XRP out. If anything, it suggests the groundwork for a strong move ahead is already in motion.

XRP’s market is on edge, coiled tight in a symmetrical triangle pattern as traders watch for a decisive move. 99Bitcoin’s analysts point to strong signals—a golden cross between the 20-day and 200-day moving averages and narrowing Bollinger Bands—hinting at bullish momentum brewing just under the surface.

The technical setup paints a clear picture:

• Support sits firm at $145 billion, with any slip threatening a drop to $140 billion.
• Resistance at $150 billion is the key gate to a rise toward $155 billion.
• RSI around 60 signals steady bullish energy.
• Volume remains flat, suggesting traders are holding their breath for confirmation of a breakout.

With predictions aiming high, 99Bitcoins analysts see XRP hitting $3.50 by April 2025—a 33% boost—with midyear targets climbing to $9.67 if institutional support and regulatory clarity kick in.

Regulatory Uncertainty Looms

Eyes are now on the White House Crypto Summit, where industry leaders and analysts anticipate potential clarity on token classifications, enforcement strategies, and tax policies. Ripple’s CEO Brad Garlinghouse is among the attendees, sparking optimism about the future of XRP. The summit is seen as a critical moment for shaping the regulatory framework for digital assets in the U.S.

Bitget Research’s Chief Analyst Ryan Lee highlighted the summit’s significance, saying, “Announcements on token classifications and incentives could change the game for institutional investors and market dynamics in the long term.”

BREAKING:

TRUMP WILL GIVE A LIVE SPEECH ON #BITCOIN AND CRYPTO FROM THE WHITE HOUSE TODAY

FASTEN YOUR SEATBELTS pic.twitter.com/SD6nDa1hoL

— Crypto Rover (@rovercrc) March 7, 2025

While Trump’s White House Crypto Summit sends Bitcoin into new territory, it also highlights the shifting recognition of blockchain as a central player in global finance.

XRP, meanwhile, is weathering the storm, flexing its muscle in cross-border payments as it reclaims its ranking among the top three cryptocurrencies. With momentum building, the token eyes a potential breakout year by summer 2025.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Why Is XRP Dropping? XRP SEC Meeting Today Signals Breakout appeared first on 99Bitcoins.

This comes before Thursday night, when President Donald Trump signed off on the creation of a federal bitcoin reserve, handing crypto advocates a shiny new headline to take into Friday’s “crypto summit” at the White House. The reserve, along with a planned stockpile of other digital assets, essentially fulfills a campaign promise that Trump has been touting to win over the crypto community.

With all this bullish news, why is crypto down today?

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Explore: 12 Best Crypto Presales to Invest in March 2025 – Top Token Presale

Hyperbitcoinization is Coming: So Why is Crypto Down Today

Hyperbitcoinization is the theoretical point where Bitcoin becomes the dominant global currency, replacing fiat money entirely.

This works because BTC is a simple computer network game where people compete to compute a hash, with the reward, a unit of the game, being transferable within the game. Nothing more, nothing less. The novelty lies in the autonomous, trustless, decentralized nature of the game and its rules, which renders the game-unit the world’s first fixed unit of account. We hope that’s not too nerdy for ya.

A fixed unit of account greatly simplifies economies, and BTC is the most useful denominator of everything. With Trump creating a strategic reserve it might not eliminate fiat, yet it’s a step in that direction.

Hyperbitcoinization has begun. $89,000 might be seen as a bargain for Bitcoin in only a few months.

Explore: 9 High-Risk High-Reward Cryptos for 2025

The Spectacular Failure of Fiat Currencies

People like the CEO of Binance “CZ” and Samson Mow see fiat currencies as a ticking time bomb—one destined not for a slow fade but an epic, spectacular failure.

Speaking on a podcast, Mow laid out his vision of global financial instability, linking the inevitable collapse of fiat to Bitcoin’s rapid climb to $1 million. “It’s not going to be gradual,” he warned, anticipating a violent upheaval that jolts the market over weeks, not decades. For Mow, the future of money is Bitcoin, and it’s coming in like a freight train.

Hyperbitcoinization timeline and the meaning of 5.8
——————————————————-

I have done a lot of thinking over the last 24 hours on the meaning of power laws, and the implication for future Bitcoin prices.

But as i asked @Giovann35084111 the… pic.twitter.com/4iSP0IQMse

— Fred Krueger (@dotkrueger) March 2, 2024

Bitcoin sits comfortably uncomfortable at $89,831 as of March 7, down 1.76% for the day but up a staggering 102.1% from last year’s $48,189 mark.

The last two month has been no less dramatic—peaking at $108,786 on January 20, Bitcoin has weathered volatile trading and the shockwaves of global uncertainty.

Samson Mow’s prophecy of a $1 million Bitcoin isn’t just market hype—it’s a glimpse into a world where digital assets reshape global finance. The concept of nations leveraging sovereign debt to stockpile Bitcoin points to a potential overhaul of monetary policy, elevating Bitcoin from a speculative plaything to a real-world strategic reserve. This would be a pivot—a seismic one, no less—toward treating Bitcoin as the backbone of modern value.

The Road to Hyperbitcoinization

A $1 million Bitcoin by 2025 might sound like sci-fi, but Mow’s predictions aligns with stark movements reshaping the financial world. Countries are experimenting with Bitcoin mining, adding crypto to reserves, and mulling over investing in BTC to tackle debt.

Whether Bitcoin peaks or plates over as a blueprint for modern money, its fingerprints are everywhere. It’s no longer just traders watching. Governments, banks, and tech giants are elbowing their way into the space, spurred by its undeniable momentum. The gamble is real; the stakes never higher.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Hyperbitcoinization is Coming: So Why is Crypto Down Today? appeared first on 99Bitcoins.

According to a 7 March 2025 Bloomberg report, “A digital wallet belonging to World Liberty Financial added $10.1 million of Ether, $9.9 million of a Bitcoin derivative called WBTC and $1.68 million of MOVE, a token associated with blockchain platform Movement, according to data compiled by analytics firm Nansen.”

The timing of this crypto purchase by WLF has sparked speculation about the administration’s crypto policy direction. This includes discussions around a potential US strategic reserve for digital assets.

The White House crypto summit is just hours away!

Here is a refresher of all the tokens owned by Trump's crypto project, World Liberty Financial, which you should be paying close attention to. pic.twitter.com/sDIQmeXy0Q

— Miles Deutscher (@milesdeutscher) March 7, 2025

WLF Invests In Bitcoin, Ethereum And MOVE Tokens

According to blockchain analytics firm Nansen, WLF purchased $10.1 million worth of Ether (ETH), $9.9 million in Wrapped Bitcoin (WBTC) and $1.68 million in MOVE tokens, associated with the Movement Network blockchain platform. 

These transactions were executed through a wallet tied to WLF and come as the Trump administration prepares to unveil its stance on cryptocurrency policy during the summit.

The timing of WLF’s latest crypto investment has raised eyebrows, coinciding with discussions about establishing a US strategic reserve for Bitcoin and other cryptocurrencies at the White House summit.

One anticipated policy announcement is the creation of a strategic reserve consisting primarily of Bitcoin alongside other cryptocurrencies.

Explore: Top 20 Best Crypto to Buy Now in March 2025

Michael Saylor, Brian Armstrong, Brad Garlinghouse Scheduled To Attend Crypto Summit

Trump will host the first-ever White House Crypto Summit from 6:30 pm to 10:30 pm UTC on 7 March 2025. Reports indicate that over 25 guests, including members of the Presidential Working Group on Digital Assets, will attend.

Initial confirmations in the list unveil that Michael Saylor, Executive Chairman of Strategy, Brian Armstrong, CEO of Coinbase, and Vlad Tenev, CEO of Robinhood, will be attending the event.

With Strategy’s substantial investments in Bitcoin, Saylor’s involvement is particularly significant and reflects a strong institutional backing for digital assets. Armstrong’s and Tenev’s presence follows the recent dismissal of the SEC’s cases against Coinbase and Robinhood.

The list also includes Ripple CEO Brad Garlinghouse, an active advocate for the industry. He recently praised the SEC’s quick move on the Coinbase case and how it was undoing the damage of the previous Gensler administration’s ‘regulation by enforcement’ approach.

Explore: Top Solana Meme Coins 2025: 9 Best Buys Updated

The post Trump’s World Liberty Invests $9.9M In Bitcoin, $10.1M In Ethereum Hours Before Crypto Summit appeared first on 99Bitcoins.

Big news: Today, we're very excited to announce that we've partnered with @EmiratesNBD_AE to power crypto trading on their Liv X app! 

Emirates NBD is a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, with total assets of approximately USD…

— Aquanow (@aquanow) March 6, 2025

Explore: 9 High-Risk High-Reward Cryptos for 2025

Liv Bank Expands Into Crypto, Trading and Custody Services Now Live on Liv X Platform

 On 5 March 2025, the digital bank introduced crypto trading features, enabling retail Liv clients in the UAE to trade five major cryptocurrencies, including Bitcoin, Ether, Solana, XRP, and Cardano.

Aquanow CEO Phil Sham said, “The launch of this offering with Emirates NBD marks a defining moment for digital assets in the UAE and beyond.” 

Liv also provides custody services to its users through Zodia Custody on its Liv X app. Notably, Emirates NBD made a strategic investment in the company in late 2024. 

Marwan Hadi, Emirates NBD’s group head, retail banking and wealth management said, “Offering cryptocurrency on Liv X is the next step towards the overall vision of Liv being a pioneer in innovation and excellence.” 

Liv Bank experimented with crypto last May when it started offering tokenised real-world assets (RWA) to its clients in partnership with tokenisation firm Ctrl Alt.

Back then, Hadi said, “Liv is the first bank in the UAE to explore offering tokenised real-world asset investing opportunities to customers, and we are delighted to co-partner with a leading infrastructure provider such as Ctrl Alt for this initiative.”

Explore: “You will be able to do more with cryptocurrency than with Dirham and Dollar,” Says Crypto.com UAE Head

Emirates NBD’s Evolving Crypto Strategy

Emirates NBD’s broader interest in Bitcoin and blockchain technology aligns with Liv Bank’s introduction of crypto trading. The parent bank has previously experimented with blockchain and its applications for its business, particularly trade financing. 

Emirates NBD previously worked with the Dubai Chamber of Commerce on a trade finance blockchain in 2019. Recently, Emirates NBD has been prioritising tokenised deposits for cross-border payments. The bank has partnered with Partior, a DLT-based payments network founded by DBS Bank, JP Morgan, Standard Chartered and Temasek, to facilitate cross-border payments. 

Partior and Emirates NBD are focusing their collaboration on exploring potential involvement rather than making a firm commitment. However, if it moves forward, Emirates NBD would serve as a network settlement bank for the UAE Dirham, Saudi Riyal, and Indian Rupee. Additionally, it would act as a participant bank for other currencies, leveraging the network’s banks to facilitate instant cross-border payments for its clients.

The bank’s latest foray into retail crypto trading comes at a time when the crypto sector in the UAE is witnessing massive adoption, with local crypto app downloads seeing a 41% increase last year. 

Explore: 12 Best Crypto Presales to Invest in March 2025 – Top Token Presale

The post Dubai’s State-Owned Bank Launches Crypto Services Through Digital Subsidiary Called Liv appeared first on 99Bitcoins.

Warren has shared details of her letter with news outlet, Axios. She is seeking clarification regarding potential conflicts of interest due to Sacks’ history of investing in crypto companies.

BREAKING:

SENATOR ELIZABETH WARREN ACCUSED CRYPTOCURRENCY CZAR DAVID SACKS OF INVESTING IN BITWISE’S INDEX FUND.

THIS FUND INCLUDES STRATEGIC RESERVE ASSETS.

SHE KEEPS ATTACKING CRYPTO! pic.twitter.com/kVrN2YtfMy

— Hannah (@cressida_fx) March 7, 2025

Warren Demands Clarity  On Government’s Support Of Blockchain Industry

In Warren’s letter to Sacks, the senator asks multiple questions about potential conflicts of interest for himself and those working alongside him.

She claims that Sacks is a special government employee within the administration, and he receives a status which provides him with certain exemptions under ethics rules. Warren gives an example in that the financial disclosure reports they file can be kept confidential.

Furthermore, Warren points out that Sacks was a partner at Craft Ventures. The US-based VC firm is known for having backed a handful of crypto companies such as Fold, Lightning Labs and Bitwise.

Bitwise in particular creates investment indices from digital assets. Interestingly, the five largest holdings of the Bitwise 10 index are the same five cryptocurrencies that Trump identified for an upcoming crypto strategic reserve.

Those five assets are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP) and Cardano (ADA). If you exclude stablecoins and Binance’s BNB token, those five tokens are the largest cryptocurrencies by market cap.

Even though Sacks previously stated he sold off all of his crypto holdings prior to taking position within the Trump administration, Warren says there are “ways to remain exposed, if somewhat more indirectly”.

In her letter, Warren stresses that “Americans deserve strong leaders who will prioritize the public interest ahead of their own bottom lines. I hope you address these obvious concerns.”

Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration. https://t.co/dN6nuGQUtu

— David Sacks (@DavidSacks) March 3, 2025

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now 

Senator Warren Wants Answers On Who Helped Trump Decide On Five Cryptocurrencies Named For US Digital Asset Stockpile

Warren also details a variety of moves by Trump’s administration that she says raise concerns about how ethically it is making decisions around this industry.

On 6 March 2025, the White House announced the signing of an executive order to establish both a “Strategic Bitcoin Reserve” and a separate US “Digital Asset Stockpile.”

While the announcement did not name specific assets for the stockpile, Trump had previously earmarked BTC, ETH, XRP, SOL and ADA as five assets he would potentially add to a crypto reserve.

Yesterday’s official announcement said any crypto stockpile would be created only with assets seized from criminal operations. It went on to say that the government will not seek to add to it via purchases. As a result of Thursday’s announcement, prices of all five assets plummeted, dragging the rest of the market with it.

Warren’s letter asks for the identities of anyone who helped Trump determine the assets. She seeks clarification on how many were subject to conflict of interest laws.

Furthermore, she goes on to ask Sacks whether anyone who had worked on the reserve policy had made relevant trades prior to the announcement.

As of right now, there has been no public response from Sacks nor anyone else within the Trump administration to Warren’s letter.

DISCOVER: Best Meme Coin ICOs to Invest in March 2025

BONUS: Best Wallet (BEST) Hits $10.8m In Presale Funding Leaving Its Competitors In The Dust

Move over Trust Wallet and Metamask, there is a new revolutionary crypto wallet on the market. Best Wallet ($BEST) recently hit 250,000 monthly active users and 500,000 total users as it aims to become the number on Web3 wallet for crypto users around the world.

Best Wallet has a native token attached to it, BEST, and it is still available in presale stage. Over $10.8 million has been raised thus far, with $11m the obvious next landmark.

Its most recent wave of hype and presale investment comes from its recent upgrade to include multi-chain wallets. Most notably, native Bitcoin support is now included within the Best Wallet app.

Within this recent upgrade was also a huge security update, giving users even more reason to switch full-time to Best Wallet and everything it has to offer.

Best Wallet: Revolutionary Features 

Best Wallet has revolutionary features that cannot be found in other wallets such as MetaMask. All from within the app, users can trade, stake, game, bet, and use a suite of DeFi protocols.

Another notch on the belt of Best Wallet is on the way soon, with the launch of an upcoming crypto debit card right around the corner. With it, users can spend their crypto anywhere in the world that accepts Apple or Google Pay.

Currently, the most popular feature of the Best Wallet app is its ‘Upcoming Tokens’ feature. Users can participate in carefully curated presales at phase 0, all within the Best Wallet app.

Check Out The Best Wallet Presale Here

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post Elizabeth Warren Writes Letter To Trump’s Crypto Guru Asking For Public Disclosures. Best Crypto Presale To Buy Right Now? appeared first on 99Bitcoins.

With the US making strides, Ripple has announced an investment of $50 million to support the National Crypto Association (NCA), running a nation wide crypto initiative in the US. 

Notably, Ripple’s $50 million pledge is one of the largest contributions by a private company to a government-backed crypto initiative. 

Announcing the investment on 5 March 2025, Garlinghouse said, “Ripple is proud to support the launch of the NCA.” He added, “This investment is not just about Ripple—it’s about ensuring that the US remains at the forefront of innovation in blockchain technology.”

Ripple is proud to support the launch of the National Cryptocurrency Association (@NatCryptoAssoc).

Over the last few years, crypto has catapulted to the mainstream. Today, 55 million Americans hold and use crypto, and many more are curious – where, when and how can I use this… https://t.co/xu2VbMgfnZ

— Brad Garlinghouse (@bgarlinghouse) March 5, 2025

Discover: The 12+ Hottest Crypto Presales to Buy Right Now 

What Is The National Cryptocurrency Association?

The National Cryptocurrency Association is a chain-agnostic, non-political, non-profit. It is built to help by educating and raising awareness of all the utility that crypto technologies are bringing to real people, everyday.

Garlinghouse said, “Over the last few years, crypto has catapulted to the mainstream.”

“Today, 55 million Americans hold and use crypto, and many more are curious – where, when and how can I use this tech in my life?,” he added.

“Crypto is becoming mainstream and the NCA is here to help people navigate the hype and confusion,” said NCA, in a post on X. Notably, the organisation aims to offer education, guidance and support, and shine a spotlight on the impact that crypto is bringing to real people across the country.

Proud to announce the launch of the National Cryptocurrency Association (NCA), a non-profit organization dedicated to helping Americans better understand crypto.

Crypto is becoming mainstream and the NCA is here to help people navigate the hype and confusion. We will offer… pic.twitter.com/uKahNxMnPl

— National Cryptocurrency Association (@NatCryptoAssoc) March 5, 2025

DISCOVER: Best Meme Coin ICOs to Invest in March 2025

Funds From Ripple Aimed At Enhancing Regulatory Clarity

Ripple aims to encourage innovation and promote blockchain technology and cryptocurrency adoption. Moreover, the funds from Ripple is aimed at enhancing regulatory clarity and supporting crypto related educational programs.

Ripple wants to help the NCA collaborate with policymakers to create clear and comprehensive regulations for cryptocurrencies and blockchain technology. 

Furthermore, the company wants to fund programs that educate businesses, consumers, and students about the benefits and applications of blockchain and digital assets.

Importantly, Ripple has long been an advocate for clear crypto regulations in the US.

Suffice it to say (as I know there are lots of impatient people, including me!), this SEC has demonstrated a clear interest in moving on quickly (!) from the failed regulation by enforcement policies of the last Administration. https://t.co/e2Rj9NUiDF

— Brad Garlinghouse (@bgarlinghouse) February 21, 2025

Furthermore, the company has been involved in high-profile legal battles with the Securities and Exchange Commission (SEC). The regulatory body accused it of selling unregistered securities through its XRP token.

While Ripple achieved partial victories in court, its legal struggles highlighted the urgent need for regulatory clarity in the crypto space.  

The post Ripple Commits $50M To National Crypto Initiative As US Adoption Gains Momentum appeared first on 99Bitcoins.

Botnick, who began representing SBF following the infamous FTX exchange collapse in November 2022, resigned yesterday, 7 March 2025. The resignation came after learning of the interview available online.

Botnick confirmed that he has quit representing Bankman-Fried.

SCOOP: Sam Bankman-Fried's crisis PR manager, Mark Botnick, has resigned.

He told me he had no knowledge of @SBF_FTX's interview with @TuckerCarlson. pic.twitter.com/ruype2nTLC

— Jacob Shamsian (@JayShams) March 6, 2025

SBF Is On  Media Trail With Second Interview In Last Few Weeks

SBF has broken a two-year public silence, starting with a tone-deaf X thread where he talked about the hardship of having to fire people amid Elon Musk and Donald Trump’s DOGE taskforce laying off government workers.

Many believe that Bankman-Fried came out of the woodwork with an agenda. Sympathising with the President and condoning the actions of DOGE.  The internet is theorizing that SBF is hoping for a pardon from Trump.

In both recent appearances, SBF praised Trumpwhile criticizing the former Biden administration. He went on to say that he began to side with the Republican Party more and more following failed engagements with the previous SEC Chair Gary Gensler.

Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life.

(0:00) What Has Prison Been Like?
(2:28) Was SBF Ever on Adderall?
(4:42) SBF Meeting Diddy in Prison
(7:01) How Prison Has Changed… pic.twitter.com/mNSNktLibg

— Tucker Carlson (@TuckerCarlson) March 6, 2025

Speaking to Tucker from prison, Bankman-Fried said; “One fact that might be relevant. In 2020, I was center-left, and I gave to Biden’s campaign..I was optimistic he’d be a sort of solid center-left president. I spent the next few years in D.C. a lot. I made dozens of trips there and was really, really shocked by what I saw, not in a good direction, from the administration.

While his political talk isn’t likely to have caused SBF’s crisis manager, Mark Botnick to drop him as a client, the surprise of the interview and further topics likely played a part.

Bankman-Fried went on to talk to Carlson about life in prison with alleged sex trafficker, Sean ‘Diddy’ Combs. He said; “I’ve only seen one piece of him, which is Diddy in prison, and he’s been kind to people in the unit; he’s been kind to me.”

The crisis manager has reportedly confirmed his position via private communication channels but has yet to address his resignation publicly.

DISCOVER: 20+ Next Crypto to Explode in 2025

Bankman-Fried Trying To Rehabiliate His Image In Hopes Of A Presidential Pardon

JUST IN: Sam Bankman-Fried says he shares a prison unit with Diddy.

"He's been kind to me." pic.twitter.com/OxiLZRriqn

— Watcher.Guru (@WatcherGuru) March 6, 2025

Prior to his arrest in December 2022, Bankman-Fried was best known as the eccentric billionaire who practiced “effective altruism” and made huge donations to Democratic politicians.

In the twelve months following the multi-billion dollar collapse of FTX and his initial court hearing, Bankman-Fried was everywhere in the public sphere.

He gave multiple interviews to the press. He often landed himself in trouble. In one instance, he showed a journalist the diary of Catherine Ellison, his former girlfriend. This event led to him being placed in jail to prevent potential witness tampering.

During this period, SBF was also regularly on X posting his unfiltered thoughts on the events that ultimately landed the FTX founder in prison.

It was at this point that Botnick began working with Bankman-Fried. It seems as though someone close to SBF urged him to hire a crisis manager in order to stop implicating himself further.

The Tucker interview was likely the last straw for the crisis manager manager, after her was reportedly caught unaware when Bankman-Fried posted on X about the Trump administration’s efforts to fire federal employees.

Bankman-Fried is serving a 25-year prison sentence after a jury found him guilty in 2023 of seven fraud and money-laundering charges related to the $11 billion collapse of FTX.

EXPLORE: Is Trump’s Bitcoin Reserve a ‘Sell the News’ Event or a Bull Run Trigger?

Join The 99Bitcoins News Discord Here For The Latest Market Updates

The post SBF Just Lost His Biggest Advocate After Tucker Carlson Crypto Interview appeared first on 99Bitcoins.

According to Financial Times, CoreWeave struggled to meet deadlines and faced material shortages, impacting its ability to support artificial intelligence (AI) model scaling.

CoreWeave, a cloud computing firm specializing in AI infrastructure, disclosed in its March 3 initial public offering (IPO) filing that Microsoft is its largest client.

DISCOVER: Best Meme Coin ICOs to Invest in March 2025

Microsoft’s Role In CoreWeave’s Revenue Shrinks Amid Contract Uncertainty

Microsoft accounted for 35% of CoreWeave’s revenue in 2023 and a staggering 62% in 2024. While reports suggest Microsoft has reduced its commitments, CoreWeave has denied that any contracts were canceled.

In an effort to diversify its revenue streams ahead of the upcoming Bitcoin halving, Core Scientific signed a $100 million agreement with CoreWeave in March 2024.

Under the deal, Core Scientific agreed to lease a Tier 3 data center in Austin, Texas, providing up to 16 megawatts of capacity for AI workloads.

Once on the brink of bankruptcy, Core Scientific has since rebounded and is now one of the largest publicly traded Bitcoin miners.

Data from Arkham Intelligence shows the company currently holds 755.6 BTC, valued at approximately $66.7 million. Its Bitcoin reserves have been steadily increasing since December 2024.

The downturn in Core Scientific’s stock was part of a broader decline in Bitcoin mining stocks on March 6. Cipher Mining (CIFR) shares fell nearly 9%, while CleanSpark (CLSK) and Bitfarms (BITF) each dropped 5%.

Core Scientific, CoreWeave & Microsoft

Cantor dispels concerns about the CoreWeave/Microsoft relationship and it's impact on Core Scientific's share price.

Cantor quote: :

We believe that today's selloff is a buying opportunity and we are reiterating our overweight rating… pic.twitter.com/e5lKUMilxm

— Richard (@Richard73628254) March 6, 2025

Market sentiment remains fragile, with CNN’s Fear and Greed Index registering a score of 17, indicating “extreme fear” among investors. The Nasdaq Composite, a benchmark for tech stocks, declined by 2.6%, reflecting broader concerns over macroeconomic uncertainties.

Investors are watching for potential policy shifts as the Trump administration prepares to host its first White House Crypto Summit on March 7.

The event is set to feature key industry figures, including MicroStrategy founder Michael Saylor, Coinbase CEO Brian Armstrong, and Ripple CEO Brad Garlinghouse.

EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

Public Bitcoin Miners Adopt Treasury Strategy

In 2024, Bitcoin miners adapted to rising competition and market volatility by embracing new strategies. This included a notable focus on building their Bitcoin treasuries.

According to a 7 January 2025 report by NiceHash and Digital Mining Solutions, several public mining companies mirrored MicroStrategy’s approach by increasing their BTC holdings rather than selling their mined coins.

Companies like MARA Holdings, Riot Platforms, and Hut 8 even purchased additional Bitcoin using borrowed funds, signaling a strong commitment to this treasury strategy.

Beyond treasury strategies, diversification into high-performance computing (HPC) and artificial intelligence (AI) sectors emerged as a key trend among miners in 2024.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

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In a conversation with right-wing political commentator Tucker Carlson on 5 March 2025, Bankman-Fried shared details about his prison life, his views on cryptocurrency regulation, and his shifting political perspectives.

Although Carlson did not directly ask whether Bankman-Fried expected a pardon from U.S. President Donald Trump, the former FTX chief appeared to align himself with certain Republican viewpoints.

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Bankman-Fried Claims Equal Donations to Both Democrats and Republicans

Bankman-Fried, who was previously known as a major Democratic donor—including contributions to President Joe Biden’s campaign—claimed he had contributed similar amounts to Republican politicians.

“I had as good a relationship, probably better, with Republicans in D.C. as with Democrats by that point in time, although that wasn’t what the public thought,” he said, reflecting on the fallout from FTX’s collapse in late 2022.

FTX, once a leading cryptocurrency exchange, filed for bankruptcy in November 2022 due to a liquidity crisis. The exchange’s downfall triggered criminal charges against Bankman-Fried and four key executives.

While several former FTX figures, including Alameda Research CEO Caroline Ellison and FTX Digital Markets co-CEO Ryan Salame, have been sentenced, Bankman-Fried remains the most high-profile figure tied to the scandal.

Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life.

(0:00) What Has Prison Been Like?
(2:28) Was SBF Ever on Adderall?
(4:42) SBF Meeting Diddy in Prison
(7:01) How Prison Has Changed… pic.twitter.com/mNSNktLibg

— Tucker Carlson (@TuckerCarlson) March 6, 2025

During the interview, Bankman-Fried maintained his innocence, stating, “I don’t think I was a criminal.” He also criticized the prosecution of Salame, arguing that his former colleague was charged with “totally bogus crimes,” potentially due to his political affiliations as a Republican.

Since his conviction in 2024, Bankman-Fried has granted interviews primarily to conservative media outlets, including the New York Sun, fueling speculation that he may be seeking favor with Trump and Republican lawmakers.

Reports have also suggested that his parents are exploring the possibility of securing a presidential pardon from Trump, who was elected in November 2024.

EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

Bankman-Fried Describes Prison as Harsh

Bankman-Fried is currently held at the Metropolitan Detention Center in Brooklyn, where he awaits the outcome of his appeal. He described prison life as harsh, mentioning that he mostly eats rice and beans and has not received visits from any former FTX employees.

“Anyone who was close to me ended up with a gun to their head, being told they had two options, and one of them involved decades in prison,” he claimed.

With most FTX-related legal proceedings wrapping up, Bankman-Fried remains one of the last key figures awaiting final judgment. Former engineering director Nishad Singh and co-founder Gary Wang received lenient sentences, while Ellison was sentenced to two years in prison.

Salame, who was sentenced to seven and a half years, is set to be joined in court by his wife, Michelle Bond, who faces campaign finance charges in 2025.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

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BREAKING: President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile pic.twitter.com/S0bumxQLmu

— Altcoin Daily (@AltcoinDailyio) March 7, 2025

Trump is Redefining Crypto Culture: US Crypto Reserve Announced

The US crypto reserve shows faith in Bitcoin’s value, with the Treasury tasked to hold and not to sell these assets. A separate US Digital Asset Stockpile will include altcoins like Ethereum, XRP, Solana, and Cardano, diversifying the US crypto holdings.

Eventually, this will start a global trend, with nations racing to build their reserves, legitimating crypto. Economically, locking up 1% of Bitcoin’s supply reduces sell-off pressure by an estimated $18 billion. This lock will likely lead to institutional crypto adoption, especially by banks and hedge funds.

JUST IN: Crypto Czar David Sacks says the "US will not sell any Bitcoin deposited into the reserve. It will be kept as a store of value"

"The reserve is like a digital Fort Knox for the cryptocurrency often called digital gold." pic.twitter.com/mhini6G9Ug

— Watcher.Guru (@WatcherGuru) March 7, 2025

Furthermore, the US reserve elevates crypto culturally from a niche interest to a government-endorsed asset. Attendees like Coinbase’s Brian Armstrong and MicroStrategy’s Michael Saylor will also help Trump to make the US the “crypto capital of the world.”

With public trust in traditional finance becoming uncertain amid inflation, the summit may accelerate the cultural pivot, normalizing crypto as a mainstream financial tool.

The Trump crypto policy is undeniably bullish. Bitcoin, despite a 5.7% dip post-announcement, quickly rebounded. The global crypto inflows are hinting at sustained upward momentum.

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Altcoins in the stockpile will also surge with expanding governmental backing, offering retail investors new opportunities. US’s economic rivals, such as China, will likely counter with their reserves. These will accelerate a crypto race that boosts adoption and prices.

Businesses may adopt blockchain payments faster while the reserve diversifies US fiscal strategy alongside gold and oil.

The US crypto reserve and White House crypto summit are game-changers. They promise crypto uplift through tighter supply and institutional buy-in, cementing crypto’s place in society. Bitcoin leads, but altcoins will shine as this bold Trump crypto vision unfolds, driving adoption that leads to smaller crypto tokens.

With adoption getting closer and the bull run charging, questions arise: What’s the crypto to buy, to flip for a life-changing gain?

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Capitalizing the Market: BTC Rides the Bull

For those looking to capitalize, $BTCBULL offers an opportunity. BTC bull token is designed to get boosted by Bitcoin’s price movements. It is a made for traders betting on the upward momentum by the US crypto reserve.

With Bitcoin’s supply tightening and government backing boosting confidence, $BTCBULL will deliver crazy returns as the market reacts.

Moreover, the White House crypto summit strengthens $BTCBULL’s appeal.

As industry leaders and policymakers align on crypto’s future, the resulting clarity and momentum are likely to propel Bitcoin higher. $BTCBULL, with its 3x leverage, magnifies these gains, offering a way to ride the Trump crypto wave. BTC Bull token blends Bitcoin’s stability with profit.

As altcoins in the stockpile rise and global competition heats up, the crypto tide lifts all boats—especially leveraged ones. $BTCBULL’s structure thrives in this environment, capturing Bitcoin’s dominance while giving returns.

$BTCBULL token is still in presale with $3.8M raised. Built on Ethereum, it offers 132% APY and airdrops pegged to BTC milestones.

Some crypto Youtubers agree with $BTCBULL projected potential, even with a 50-100x prediction post-launch. Hence, they are calling it the best crypto to buy.

BTC Bull model is tying altcoins to Bitcoin’s stability. As the US and other nations adopt crypto reserves, demand for this hybrid will soar.

Learn more with the fast-growing BTC Bull Token community on X and Telegram for the latest updates.

Visit the BTC Bull Token Website

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EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

Ethereum Underperforming Despite Pectra Deployment On Sepolia Testnet

From the daily chart, ETH is down nearly 50% from its 2024 highs, trading at $2,100. This is an improvement from the near-$2,000 level seen in late February. Despite the current state of price action, traders are confident that the eventual activation of Pectra in March 2025 could catalyze demand.  

According to reports, Pectra was deployed to the Sepolia testnet this week. This is a major step since Pectra first launched on the Holesky testnet after delays caused by incorrect deposit contract addresses.

Sepolia has successfully upgraded to Pectra

(Hope I don't jinx it this time) pic.twitter.com/pPtufWbHh2

— terence (@terencechain) March 5, 2025

While currently on Sepolia, developers have identified minor issues, most of them related to custom deposit contracts, which in turn raise concerns about execution-layer clients processing transactions effectively. There are also issues with empty blocks.

looks like sepolia has some issue after pectra

a lot of empty blocks pic.twitter.com/0kDTyBUvNn

— Emiliano Bonassi (@emilianobonassi) March 5, 2025

With these lingering concerns, developers are working to address all issues before the All Core Developers call in the coming weeks.  

Once Pectra goes live, several improvements will be added to the mainnet. Some of these include enhancements to user experience, especially for those who frequently engage with crypto wallets. Other major upgrades Pectra introduces include increasing the validator staking limit from 32 ETH to 2,048 ETH and raising the maximum blob count to further boost Layer-2 scalability.  

All these upgrades are expected to cement Ethereum as a top smart contracts platform, potentially surpassing competitors like Solana.

However, no one knows exactly how ETH prices will react. If historical price action following key hard forks is any indication, ETH holders may have to endure even more losses in the coming months.  

DISCOVER: Best Meme Coin ICOs to Invest in March 2025

Will ETH Tank?

Analysts at IntoTheBlock note that every time Ethereum activates key upgrades, ETH prices tend to drop despite the initial hype before these changes are implemented.

When Ethereum activated The Merge in 2022, transitioning the chain from a proof-of-work to a proof-of-stake network, ETH prices ended up tanking to below $1,000 by the end of the year.

Roughly a year later, in early 2024, when Dencun went live, ETH prices fell from $4,100 to $2,100 by August 2024. Like The Merge, Dencun was a critical upgrade that significantly allowed Layer-2 rollup platforms like Base and Arbitrum to scale. By introducing proto-danksharding under EIP-4844, the cost of rollups dropped by 99%. Even after this successful deployment, ETH prices sold off before recovering in late 2024.  

It remains to be seen whether Pectra will become another “sell the news” event, potentially forcing ETH below the critical support level at $2,000.

Ethereum remains a top smart contracts platform, and many analysts consider ETH one of the best coins to buy in 2025. This is despite the existence of competitive platforms like Solana, from which tens of thousands of meme coins have been launched.  

In Peter Brandt’s assessment, ETH could shake off its current weaknesses and surge above $4,100, possibly reaching as high as $6,000 in the coming years. Key drivers will include institutional adoption and a market-wide recovery, especially if there is follow-through and a crypto reserve is created in the United States in 2025.

• Pectra transitions to Sepolia testnet
• Mainnet set for late Q1 2025 to early April 2025
• Will ETH prices defy historical trends and surge after this upgrade?

The post Pectra Live on Testnet: But Will Ethereum Follow Historical Post-Hard Fork Trends? appeared first on 99Bitcoins.

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President Creates Bitcoin Reserve

The reserve is foundational and will initially comprise BTC seized from criminal enterprises, scammers, and hacks. Currently, the US government holds over 198,000 BTC. The government owns multiple other NFTs and tokens, whose exact figures will be verified once an official audit is completed.

More BTC will be acquired over the coming years, but the approach will be “budget-neutral,” meaning the strategy set for implementation by Secretaries Scott Bessent and Howard Lutnick won’t involve buying BTC or other coins, including some of the best meme coins to buy, directly from secondary markets.

This conservative stance, far from what traders expected, explains why crypto prices are retracting, falling from yesterday’s highs of around $93,000.

Trump signed the executive order less than 24 hours before yet another historic event. Today, 7 March, he will host the first Crypto Summit at the White House.

Public details indicate that, although the president will host, it will be chaired by David Sacks – the White House Crypto and AI Czar. Among those set to attend are Ripple CEO Brad Garlinghouse, Binance CEO Changpeng Zhao, Coinbase’s Brian Armstrong, and other crypto executives, founders, investors, and regulators.

EXPLORE: 10 Coins with High Returns: Cryptocurrency Forecast 2025

What to Expect From the Crypto Summit?

Trump is pro-crypto, and during his campaign, he promised to create an environment that fosters growth and encourages innovation.

The creation of a Bitcoin and crypto reserve demonstrates his intention to fulfill one of his many promises.

Therefore, analysts expect that discussions at this summit will involve talks about expanding the Bitcoin Reserve to include other assets. Clarity on which specific tokens will be added will be crucial, as will details on how the government plans to source them.

Earlier, Trump posted on Truth Social that the government would create a reserve including altcoins like XRP, ADA, and SOL. These are among the best cryptos to buy in 2025 and have founders from the US.

Additionally, the industry views this summit as an opportunity for a regulatory reset after the burdens imposed by the SEC on crypto firms when Gary Gensler was in charge.

As part of the president’s executive order, the government will audit its digital holdings. From this, policies may emerge guiding crypto custody, as well as further guidance on crypto exchanges, stablecoins. This is a priority for Trump and Sacks—and DeFi.

It’s also possible that discussions will cover tax incentives to encourage crypto businesses, mainly mining and data centers, to launch in the US. This will create jobs and generate revenue for the government. Clearer laws would benefit businesses and reduce the uncertainty that investors and founders had grown accustomed to when Joe Biden was in power.

• President Donald Trump signs executive order creating a Bitcoin Reserve
• Trump to host Crypto Summit in the White House today, on March 7
• Industry leaders expect clarity, especially on Crypto Reserve asset structure. There will likely be discussions in regulations, stablecoins, DeFi, and crypto taxation. 

The post What to Expect From White House Crypto Summit After Crypto Reserve News? appeared first on 99Bitcoins.

However, Deputy Finance Minister Vladimir Kolychev suggested that this stance could change once the fund’s liquid assets reach a level equivalent to 7-10% of Russia’s gross domestic product (GDP).  “However, for now, the volatility signs are not favorable,” Kolychev said.

On 4 March 2025, local media reported that the Russian Ministry of Finance does not plan to change the current regulatory structure of the NWF’s investments, and, in particular, to add crypto assets to it.

BREAKING:

RUSSIA DECLARES NO INTENTION TO INCLUDE BITCOIN IN ITS STRATEGIC RESERVES. pic.twitter.com/6NQjO8aYmP

— Ash Crypto (@Ashcryptoreal) March 5, 2025

Russia’s Reserve Includes Gold And Chinese Yuan

Currently, the NWF primarily holds gold and Chinese yuan, with approximately 60% of its assets in yuan and the remaining 40% in gold. Kolychev insisted on opting for stability and liquidity, clarifying that currently Russia doesn’t have an appetite for volatility. 

“From the point of view of sovereign budget reserves, it is important for us that the assets in which these reserves were invested could be sold very quickly and without a large price revaluation, so that our sale does not lead to the fact that we receive not a ruble for a ruble, but 50 kopecks for a ruble,” said Kolychev. “And crypto assets are an asset with increased volatility.”

The Deputy Finance Minister also noted that Russia is still “far” from reaching its desired levels of reserves, making it unlikely that cryptocurrencies will be considered anytime soon.  

“The volatility parameters are not favorable for now,” Kolychev said, confirming that he considers crypto an unsafe asset.

Despite US President Donald Trump’s recent announcement of a strategic crypto reserve involving Bitcoin, Ethereum, Ripple, Solana and Cardano, Russia, Switzerland and Australia have dismissed the idea of incorporating crypto into their official reserves.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

Switzerland And Australia Are No Longer Interested In A Strategic Crypto Reserve

On 1 March 2025, Swiss National Bank (SNB) President Martin Schlegel rejected the proposal to hold part of its reserves in bitcoin, as proposed by a people’s initiative.

According to local reports, Schlegel said that cryptocurrencies do not fulfill the essential characteristics that a good currency should have.

Meanwhile, Australia’s current government has indicated that it doesn’t have plans to establish a crypto strategic reserve. However, the country is on the brink of choosing a new government. The latest YouGov poll shows the center-right coalition holding a slight lead over the center-left Labor government, leading 51% to 49%.

EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025

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It’s a flashpoint for US-Panama relations, a fresh setpiece for global trade games, and yet another arena to dredge up Trump’s philosophy about influence and dominance.

DISCOVER: Best Meme Coin ICOs to Invest in March 2025

WE DID IT GUYS!!! BlackRock’s Strategic Move

Is BlackRock owning the Panama Canal a good thing? Is it owning the libs? That’s the debate going on at X at the moment.

BlackRock is the world’s largest asset manager, controlling over $10 trillion in assets, with stakes in major banks, tech companies, real estate, media, and even government debt, making it one of the most powerful financial entities on the planet.

This blockbuster acquisition gives BlackRock control of a network spanning 43 ports in 23 countries, crowned by the key Panama Canal terminals. CK Hutchison, offloading 90% of Panama Ports Company, framed the deal as “purely commercial” following a rapid bidding sweep. They’ve operated these Panama hubs for decades, but the reasons for pulling the plug hint at pressures beyond the balance sheet.

Trump brags that a “large American company” has bought up the ports surrounding the Panama Canal.

That company is Blackrock, the shady investment firm that already controls 10% of the world’s total assets.pic.twitter.com/YsuFyAfRgA

— Wyatt Reed (@wyattreed13) March 5, 2025

99Bitcoin’s analysts suggest mounting US-Hong Kong friction motivated the sale, despite official denials. For BlackRock, though, this is another throne claimed—a $19 billion venture that cements their shift into big-ticket infrastructure. BlackRock CEO Larry Fink called it a win for global growth.

Discover: The 12+ Hottest Crypto Presales to Buy Right Now 

Trump’s Vision of ‘Reclaiming’ the Canal With BlackRock

Trump, never one to underplay, announced the deal as a win for his administration and a blow to Chinese sway in the region. Addressing Congress, he said, “We’ve already started doing it,” a refrain that veiled America’s long-running strategic interest in owning pieces of the trade puzzle.

Panama’s President Jose Raul Mulino, unimpressed, rejected Trump’s remarks outright. “The Panama Canal is not under reclamation—it is Panamanian and will stay that way,” Mulino fired off on X.

Nuevamente miente el Presidente Trump. El Canal de Panamá no está en proceso de recuperación y mucho menos es la tarea que en nuestras conversaciones con el Secretario Rubio ni ningún otro se haya ni siquiera conversado. Rechazo a nombre de Panamá y de todos los panameños esta…

— José Raúl Mulino (@JoseRaulMulino) March 5, 2025

The canal itself remains a backbone of global shipping, seeing tens of thousands of vessels each year, predominantly U.S-linked. This new US-led arrangement at Balboa and Cristobal seems calibrated to steer influence away from Beijing—despite CK Hutchison’s insistence it operates independently of Chinese state power. For critics, the line between business and politics in Central America has only grown blurrier.

A Battle Over Global Influence

The deal jolted financial markets, propelling CK Hutchison’s stock up by over 20%.

But the real power move came from BlackRock, whose fingerprints on the sale fuel speculation about Wall Street’s unchecked role in shaping Latin America’s future.

This deal isn’t just about trade; it’s leverage. By grabbing control of the canal’s lifeline ports, US interests tighten their grip on global shipping at China’s expense. The canal remains Panamanian—on paper—but the infrastructure is now under US-backed management, a shift that will be marketed as a win for Trump’s America First agenda. For Panama, it’s more complicated. What happens next could write a new chapter in the country’s fraught relationship with U.S. power and Wall Street.

EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress

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Discover: The 12+ Hottest Crypto Presales to Buy Right Now 

Unpacking the Mt Gox Transaction

Dormant no longer, Mt. Gox wallets just made waves with their first major Bitcoin move in three months. The exchange retains over $3.3 billion in BTC, with 166.5 coins moved to an old cold wallet (1Jbez) and 11,834 BTC sent to a fresh address (1Mo1n). 99Bitcoin’s analysts are now predicting the defunct exchange will sell off its BTC after the White House Crypto Summit, ostensibly after a hype-driven pump.

Mt. Gox once ruled the crypto world, handling 70% of all Bitcoin trades at its peak before collapsing in 2014 under the weight of an $850,000 BTC hack—worth $450 million back then. The fallout threw the crypto market into chaos, leaving creditors in limbo for nearly a decade.

Payback finally began in 2024, as small batches of Bitcoin and Bitcoin Cash trickled out to 21,000 creditors via platforms like Kraken and Bitstamp. The process is now delayed until October 31, 2025.

These latest movements have injected fresh uncertainty into an already volatile crypto market. Some market observers believe Mt. Gox may be laying the groundwork for additional creditor payouts.

This theory aligns with past wallet activity, such as a December 2024 transfer of 1,620 BTC, which preceded further repayments. However, the sheer size of this week’s transfer has led to speculation that a large-scale Bitcoin sale could be imminent—perhaps with the exchange capitalizing on Bitcoin’s current trading range near $90,000.

ICYMI: Earlier today Mt. Gox just woke up. Over 12,000 BTC ($1.2B) moved today—the biggest transfer since its 2014 collapse. Eyes on the market. pic.twitter.com/pCfbr7pfja

— Nansen (@nansen_ai) March 6, 2025

Crypto Twitter, as always, is in Civil War mode. While most are debating who will benefit from the White House Crypto Summit – the going bet is Vitalik Buterin won’t wear a suit – others are focusing on Mt Gox.  A sale of this magnitude could apply downward pressure on Bitcoin’s price, though some argue that institutional demand might easily absorb the supply.

What’s Next After The White House Crypto Summit?

Earlier this week, Bitcoin regained its footing at $90,162, a 4% rise in the past 24 hours after plunging from $94,770 to $82,681 in just a day. The drop, triggered by U.S. trade tariffs, underscored market volatility, but Bitcoin’s recovery tells a different story. This isn’t the same fragile asset shaken by Mt. Gox—it’s now a mature player with institutional backing, strong derivatives, and a reliable buyer base.

With less than two years until the final repayment deadline, Mt. Gox’s actions will likely remain a focal point for both creditors and market participants. Whether this latest move signals more repayments or market activity, its impact will be closely monitored.

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Hosted by Trump and presided over by crypto czar David Sacks, the summit is expected to chart the future of digital assets in America. Central to the agenda are plans for a US Bitcoin reserve and the contentious debate over altcoin endorsements, setting the stage for a battle over which coins deserve the spotlight.

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DISCOVER: 20+ Next Crypto to Explode in 2025 

Bitcoin or XRP at the Core of the Reserve?

Ahead of the summit, Saylor doubled down on his belief that Bitcoin should lead the way. He told Fox News that BTC is decentralization and issuer-free nature makes it unmatched as a reserve asset.

“The important thing to keep in mind is Bitcoin is the one universally agreed upon foundational asset in the entire crypto economy because it’s the asset without an issuer,” Saylor said. “It’s neutral. 99% of the energy and the capital has flown into that one.”

Saylor has championed Bitcoin as “cyberspace property.” Furthermore, he noted that it offers a secure asset that could solidify America’s position as a global financial leader. He believes Bitcoin’s scarcity and lack of centralized control uniquely positioned it to serve as the backbone of a US digital asset reserve.

Discover: The 12+ Hottest Crypto Presales to Buy Right Now 

Debate Over Altcoins Like XRP and ADA Sparks Controversy

What began as a reserve featuring XRP, Solana, and Cardano quickly turned divisive, as critics like Michael Saylor pushed back on the inclusion of altcoins, calling them high-risk distractions. Ripple’s Brad Garlinghouse took to X to defend the choices, touting cooperation over “maximalism.” Even so, skeptics argue betting on assets like XRP risks undermining the initiative’s credibility.

Donald Trump posted two articles about ripple on TruthSocial back to back

Link https://t.co/oLJ6alv3Qd pic.twitter.com/cxulCNRiQ8

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) February 19, 2025

Yet Saylor appears to have softened his view on XRP. “I think that digital XRP is attached to a company, Ripple. Those are tokens,” Saylor explained. “We should have a regulatory framework to allow them to be issued.”

The White House Crypto Summit has a stacked roster—Coinbase’s Brian Armstrong, Crypto.com’s Kris Marszalek, Robinhood’s Vlad Tenev, and Paradigm’s Matt Huang are all slated to join.

Saylor highlighted the importance of clarity and transparency during the summit. “The administration must define a clear regulatory framework before making any large purchases,” he asserted. He also discussed the Alumnus Bill, which proposes a four-year plan to acquire one million Bitcoin for the reserve in a deliberate, progressive manner.

Questions Linger Over US Crypto Policy

While the summit generates plenty of hype, controversy surrounds the decision to include tokens like XRP, SOL, and ADA. Detractors argue it’s more about propping up token insiders than shaping a serious reserve.

Commerce Secretary Howard Lutnick offered a vague explanation, emphasizing Bitcoin’s role in a strategic reserve while leaving the treatment of other tokens ambiguous.

The White House Crypto Summit could be a gamechanger or just another talk shop, but either way, it’s a tipping point for U.S. crypto policy. Furthermore, Saylor sees the moment as a chance to legitimize Bitcoin. On the other side, Ripple and its allies are angling for a broader, more collaborative system. It’s sure to be a real knife fight.

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Fox News journalist Eleanor Terrett, on Wednesday, 5 March 2025, reported that 11 crypto executives and two White House representatives confirmed their presence at the event.

SCOOP: As of this morning, the official invites for Friday’s White House Crypto Summit have yet to be sent out.

The guest list, according to two sources close to the proceedings, will be smaller than previously anticipated and feature industry bigwigs like @saylor.

The…

— Eleanor Terrett (@EleanorTerrett) March 4, 2025

The officially confirmed and tentative participants from the White House include names such as the Executive Director of the Presidential Council of Advisors, Bo Hines, Crypto Czar David Sacks, Acting chairman of the US Securities and Exchange Commission (SEC) Mark Uyeda and Acting chairman of the US Commodity Futures Trading Commission (CFTC) Caroline Pham. Notably, Sacks and Hines stand at the center of the administration’s plans regarding digital assets. 

Terrett reported, “Unclear as of now who aside from Bo Hines and David Sacks will be in attendance, but if you go back to Trump’s executive order, the presidential working group also includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Attorney General Pam Bondi, the SEC chair, the CFTC chair and others.” 

Terette also said, “A larger, invite-only reception is being planned across the street from the White House for those not invited to the roundtable meeting,” adding that the plans are not fully finalised and things could change.

Explore: Top 20 Best Crypto to Buy Now in March 2025

Crypto Titans Set to Join Trump’s White House Summit

The Summit is set to feature a roster of elite attendees, an effort by the administration to engage with key stakeholders of the crypto industry.

Initial confirmations in the list unveil that Michael Saylor, Executive Chairman of Strategy, Brian Armstrong, CEO of Coinbase, and Vlad Tenev, CEO of Robinhood, will be attending the event. With Strategy’s substantial investments in Bitcoin, Saylor’s involvement is particularly significant and reflects a strong institutional backing for digital assets. Armstrong’s and Tenev’s presence follows the recent dismissal of the SEC’s cases against Coinbase and Robinhood. 

The list also includes Ripple CEO Brad Garlinghouse, an active advocate for the industry. He recently praised the SEC’s quick move on the Coinbase case and how it was undoing the damage of the previous Gensler administration’s ‘regulation by enforcement’ approach. Although Terrett’s shared list did not include Garlinghouse, the Ripple CEO previously stated his intention to attend the event during his Washington visit to advocate for the industry on March 2, 2025, via a post on X.

He wrote, “I will certainly continue to champion this while in Washington at the end of this week.”

I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.

Maximalism is the enemy of the industry’s progress.… https://t.co/GiAAI1NuRk

— Brad Garlinghouse (@bgarlinghouse) March 2, 2025

Other high-profile attendees include Bitcoin Magazine CEO David Bailey, Paradigm Co-founder Matt Huang, Exodus CEO JP Richardson, Multicoin Capital’s Managing Partner Kyle Samani, Trump-linked World Liberty Financial’s Zack Witkoff, Chainlink Co-founder Sergey Nazarov, Kraken CEO Arjun Sethi, and Crypto.com CEO Kris Marszalek.

Growing speculations around the summit have led the crypto community to voice their opinion on including other key stakeholders from the sector. Suggested names include ARK Invest founder Cathie Wood, Ethereum co-founder Vitalik Buterin, Circle co-founder Jeremy Allaire, Tether CEO Paolo Ardoino, Cardano founder Charles Hoskinson, and Solana founder Anatoly Yakovenko.

Explore: Top Solana Meme Coins 2025: 9 Best Buys Updated

Discussions Revolve Around the Establishment of a Cryptocurrency Reserve

As the date of the summit is nearing, discussions regarding the establishment of the cryptocurrency reserve have sprung up. According to Commerce Secretary Howard Lutnick, Trump envisions a strategic Bitcoin reserve. 

Lutnick further stated, “Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that.”

The summit will reportedly reveal the administration’s approach towards other crypto assets. The upcoming event is expected to address the framework for the proposed cryptocurrency reserve, including the selection of crypto assets and their regulatory considerations. 

The community by and large has expressed their interest in the summit, taking particular interest in seeking regulatory clarity and its repercussions on market dynamics. 

Notably, they are on the standby to see whether Congress will pass a bipartisan stablecoin bill introduced last month by Senators Bill Hagerty, Tim Scott, Kitsten Gillibrand and Cynthia Lummis. If approved, financial institutions would be able to issue their own stablecoins. 

Moreover, crypto inventors and market leaders are waiting to see whether the SEC will approve ETFs investing in tokens such as Solana, XRP and Cardano.

Key opinion and industry leaders expect to understand how the financial system will fund, manage, and integrate the reserve.

Explore: The US Bitcoin Reserve Will Come: Inside Saylor’s White House Mission

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A recent survey by Mudrex, the Indian crypto platform, found that the number of women investing in cryptocurrencies surged tenfold in 2024-25 compared to the previous year. 

According to local media reports dated 5 March 2025, women aged 25-30 emerged as the largest segment of female crypto investors, accounting for a substantial 53% of the total. They are followed by women aged 31-35, who make up 36% of the investor base.

Interestingly, younger investors aged 18-24 represent 11%, showcasing growing interest among Gen Z women.

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Bitcoin, Ethereum: A Favourite Among Women Investors

Interestingly, approximately 62% of female investors discuss their financial choices with family and social circles before making decisions. Meanwhile, 38% prefer independent decision-making. 

When it comes to investment preferences, Bitcoin and Ethereum continue to dominate as the top choices among female investors. Ripple (XRP), Litecoin, and Solana also rank high on their list. Notably, meme coins such as Dogecoin, Shiba Inu, and Pepe are gaining traction among women investors, reflecting their interest in trending tokens.

Mudrex’s survey reveals that 65% of women prefer trading individual coins, while 45% opt for Coin Sets—curated baskets of themed tokens designed to diversify portfolios. 

With Women’s Day on the horizon, we wanted to celebrate Women in Crypto

Thread : Top 10 Women in Crypto

(Stay tuned for part 2 tomorrow ) pic.twitter.com/8T30uVb0gw

— Mudrex (@officialmudrex) March 1, 2025

Importantly, when it comes to information, about 40% of respondents cited social channels as their primary source of knowledge about crypto investments. News outlets account for 33%, while the remaining 27% rely on other sources such as friends or educational platforms.

“Beyond investing, many women are also looking to build careers in Web3,” said Alankar Saxena, Co-founder & CTO of Mudrex.

As we celebrate International Women’s Day this year, it’s clear that gender diversity is becoming an integral part of the crypto revolution.

“The crypto and Web3 space is evolving rapidly, and more women are stepping in to shape its future” said CEO and Co-founder Edul Patel.

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Explore Best New Crypto To Buy!

$BTCBULL Token, a presale star with $3.8M raised, is tying its fate to Bitcoin’s ascent. Built on Ethereum, it offers 132% APY and airdrops pegged to BTC milestones—like a summit-driven rally.

A revolutionary model is implemented by $BTCBULL tokens. Holders will receive BTC airdrops tied to the rise of BTC price. Also, a large $BTCBULL airdrop is set for the most committed hodlers when BTC achieves $250,000.

Moreover, $BTCBULL burn mechanism slashes supply as Bitcoin climbs, naturally driving its value. It’s a passive income heaven.

As Bitcoin’s value increases, $BTCBULL will be the best trick to score free Bitcoin. Should the crypto market decline, BTC Bull will shield investors against losses.

It’s easy to bring BTCBULL 10x from its presale price. With liquidity ensured in Ethereum, it’s a winner for those who buy in early as ETH is lagging atm and ready to get its pump.

Some crypto Youtubers agree with $BTCBULL projected potential, even with a 50-100x prediction post-launch. Hence, they are calling it the best crypto to buy.

BTC Bull model is tying altcoins to Bitcoin’s stability. As the US and other nations adopt crypto reserves, demand for this hybrid will soar. $BTCBULL is blending Bitcoin’s strength with presale benefit.

Stay connected with the fast-growing BTC Bull Token community on X and Telegram for the latest updates.

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Will ONDO Break $2?

According to Coingecko, Ondo Finance is the third-largest real-world asset (RWA) tokenization project by valuation, trailing only Chainlink and Mantra.

However, based on its price growth over the last day and week, investors appear eager to gain exposure to it.

It’s the top-performing RWA token at spot rates. At this pace, it may be among the top 20 next cryptos to explode in 2025, judging by recent trends.

Technically, holders are confident that ONDO will shake off last week’s weakness and trend higher, building on Q4 2024 gains. After days of sideways movement, ONDO is forming higher highs, with resistance at $1.20.

If bulls break this level—ideally with rising trading volume—the odds of ONDO spiking to $2 increases. Such a breakout would not only confirm Q4 2024 gains but also reinforce confidence among holders that buyers remain in control after a 60% drop in January and February 2025.

Analysts on X are bullish, expecting prices to surge past immediate resistance levels.

Been heavily deep into RWA, so I can't ignore $ONDO.

The falling wedge is as clear as it gets, and it is screaming reversal. The breakout is loading and the next leg up looks inevitable.

I am patiently watching out for the next move! pic.twitter.com/iSeV7hVSr6

— Froggy (@GemBooster) March 5, 2025

Ondo Finance Targets the $90 Trillion Bonds and Equities Market

While technical patterns support this outlook, fundamental factors could provide additional tailwinds.

Ondo Finance aims to lead RWA tokenization, with a specific focus on bringing the $90 trillion U.S. bonds and equities markets on-chain. This ambitious goal would allow institutions to gain exposure while maintaining full transparency.

To achieve this, Ondo Finance has Ondo Nexus, which plays a critical role in connecting key components of its ecosystem once released.

Meanwhile, the recently launched Ondo Global Markets is a vital piece of this puzzle.

The trading platform tokenizes stocks, bonds, and other traditional derivatives, making them available for 24/7 trading on the blockchain.

The RWA tokenization platform also introduced the Ondo Chain in early February 2025. Unlike generic competitors, this Layer-1 blockchain is purpose-built for institutional-grade RWA tokenization while remaining interoperable.

The Chain relies on vetted, permissioned validators to ensure compliance with existing laws and reduce risks like front-running.

Additionally, it supports the staking of RWA assets—such as US Treasuries—rather than volatile native tokens.

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Is Tokenization the Future?

Last year, BlackRock Chairman Larry Fink predicted that tokenization would become a trillion-dollar market by 2030.

This view aligns with the rapid rise of tokenized USD. According to Coingecko, Tether alone has tokenized over $142 billion of USD, bringing it on-chain across networks like Tron and Ethereum.

Given this trend, the crypto community will closely watch the Crypto Summit hosted by Donald Trump on March 7, 2025.

The Trump administration is keen on regulating cryptocurrency and is prioritizing new laws around stablecoins—one of the key drivers of RWA tokenization.

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