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Alexis Ohanian Joins Bid to Acquire TikTok U.S. and Move It On-Chain

Summary: Reddit co-founder Alexis Ohanian has joined forces with a bid by Frank McCourt to acquire TikTok’s American operations. The offer, if approved, would combine blockchain technology, giving users more control of their data. Ohanian, a social media and technology icon, will serve as the bid’s strategic advisor.

McCourt anticipates that Ohanian’s experience will help him justify and sell the initiative. Project Liberty, McCourt’s initiative, envisions TikTok’s future as more decentralized and creator-driven. China-based ByteDance’s control of TikTok has spurred regulatory scrutiny, so a restriction is more likely in the U.S. Having Ohanian on board gives the cause legitimacy, in line with his earlier investments in Instacart, Patreon, and OpenSea.

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Reddit co-founder Alexis Ohanian has admitted his involvement in a bid to acquire TikTok’s U.S. business. It seeks to flip the platform over to blockchain if the bid goes through.

The addition of Ohanian was after validation that he has partnered with Frank McCourt’s bid. McCourt is behind Project Liberty that envisions TikTok’s possibilities being transplanted into a decentralized space where its users possess complete ownership of the data.

McCourt hired Ohanian, stressing his strong experience with social media and its evolution. He indicated that Ohanian’s responsibility will be to legitimize and sell the project, specifically in demonstrating its technical feasibility.

ByteDance-owned TikTok has been the target of regulatory challenges in the U.S., such as temporary prohibition. Regulational issues have led to speculations on likely curbs.

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Ohanian’s previous investments also include high-profile tech startups such as Instacart, Patreon, and OpenSea. His involvement in this bid suggests heightened interest in integrating blockchain into mainstream social platforms.

Solana Skyrockets Ahead of Trump’s Crypto Summit – Will It Make the U.S. Strategic Reserve?

Trump’s Crypto Summit hypes up Solana, sending prices soaring. Investors FOMO in, hoping SOL makes it into the Strategic Crypto Reserve.

Solana’s on fire right now! With Trump’s Crypto Summit just an hour away, SOL’s price is pumping as traders stack up. The buzz? Trump’s last post hinted at Solana in his Strategic Crypto Reserve plan, making investors go full FOMO mode. SOL shot up 9% today, hitting a high of $149.4 from $137.4—wild swings!

Market data shows SOL’s open interest spiked 6.27% in the past 24 hours, meaning more traders are betting on a bigger rally. Ever since Trump dropped SOL’s name, it’s been on everyone’s radar. Now, the big question—will SOL actually be part of the U.S. Crypto Reserve?

David Sacks, Trump’s crypto guy, recently said there was no real reason for including SOL, XRP, or ADA—except that they’re in the top five cryptos. But hey, that’s enough for investors to keep eyes glued to the summit.

Will Trump officially confirm Solana’s role in the reserve? Or will it just be ETH and BTC? Either way, Solana’s price action is proving that crypto moves fast—and this hype train isn’t stopping anytime soon.

Also Read: White House Crypto Summit: Ripple CEO Says U.S. Finally Embracing Crypto

White House Crypto Summit: Ripple CEO Says U.S. Finally Embracing Crypto

Brad Garlinghouse calls the White House Crypto Summit “historic,” as America finally opens its doors to pro-crypto policies. Big change.

March 7 was a gigantic day for crypto—the first-ever White House Crypto Summit. The summit brought together crypto giants, government representatives, and industry titans to design the future of digital assets in America.

One of the biggest names in the room? Brad Garlinghouse, Ripple’s CEO. He called the summit a “historic” step toward clearer crypto regulations and government-backed innovation.

Garlinghouse summed up the energy perfectly: “Some weeks feel like months in crypto… this was one of them.”

Crypto’s Big Moment

For years, the U.S. has struggled with unclear crypto laws, but this summit hinted at a major shift. Hot topics included:

  • A U.S. Bitcoin Reserve (yep, a national digital piggy bank)
  • Stablecoins backed by U.S. Treasuries for financial stability
  • Clear laws from Congress to protect and grow crypto

Garlinghouse took a shot at past leadership, praising Trump for hosting the event—a huge contrast to Biden’s previous stance.

With David Sacks, Bo Hines, and Caroline Pham pushing the conversation forward, crypto might finally get the regulatory clarity it’s been waiting for.

Also Read: Michael Saylor Pushes U.S. to Add Bitcoin to National Reserves at White House Summit

Michael Saylor Pushes U.S. to Add Bitcoin to National Reserves at White House Summit

Michael Saylor says the U.S. should stack Bitcoin (BTC) in reserves—maybe up to 25% by 2035. Massive move.

The U.S. could go all-in on Bitcoin. At the White House Crypto Summit, Michael Saylor pitched a game-changing idea—the Treasury and Commerce Departments are considering adding BTC to national reserves.

His plan? Crypto could pump trillions into the economy and even cut national debt. He broke it down into four categories:

  • Digital Tokens: Companies use them for funding.
  • Digital Securities: Stocks and bonds go digital for 24/7 trading.
  • Digital Currencies: Tied to the U.S. dollar to keep it strong.
  • Digital Commodities: Bitcoin as the ultimate store of value.

Bitcoin as a Strategic Reserve?

Saylor’s biggest idea? The U.S. should hold 5%–25% of all BTC by 2035. If Bitcoin’s price soars as expected, that could mean $16–$81 trillion in national reserves by 2045.

But the U.S. has regulatory issues. Crypto companies are leaving due to strict rules and taxes. Saylor says it’s time to ditch outdated laws, let businesses innovate, and embrace crypto.

He even called Trump the “Bitcoin President.” The world’s moving fast—will the U.S. keep up?

Also Read: SBF Talks Prison Life, Says Diddy Has Been Kind to Him

SBF Talks Prison Life, Says Diddy Has Been Kind to Him

Summary: In a recent interview, Sam Bankman-Fried opened up about life behind bars, calling it “soul-crushing” and revealing his unexpected interactions with fellow inmate Sean “Diddy” Combs. He shared insights on prison dynamics, surprising chess skills among inmates, and the reality of being a high-profile prisoner.

Sam Bankman-Fried, the disgraced FTX founder, gave a rare prison interview with Tucker Carlson, discussing his daily life, the harsh reality of incarceration, and his unexpected encounters with Sean “Diddy” Combs.

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Diddy, the well-known rapper and businessman, is currently in prison due to ongoing legal troubles, including multiple lawsuits and serious allegations. Despite their vastly different backgrounds, Bankman-Fried described him as being “kind” to fellow inmates, including himself.

Reflecting on his 25-year sentence for one of the biggest financial frauds in history, Bankman-Fried described prison as a place no one wants to be in, calling it “soul-crushing.” He noted that small acts of kindness matter, but he doesn’t view prison as a place for socializing.

When asked about how inmates perceive him and Diddy, he admitted it was an interesting dynamic but didn’t dwell on it. One of his biggest surprises has been the impressive chess skills of his fellow prisoners, including former armed robbers who barely speak English.

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His account offers a rare glimpse into life behind bars for high-profile inmates, where unexpected alliances and everyday survival shape their experience.

Crypto Market Hit by $390M Liquidations After Trump’s Executive Order

Summary: The crypto market faced a sharp downturn, leading to $390 million in liquidations within 12 hours. Bitcoin saw the biggest losses, with traders losing over $206 million, while Ethereum, XRP, Solana, and Cardano also suffered declines. The market cap dropped 4.5% to $2.88 trillion, with uncertainty growing after Trump’s latest executive order.

The cryptocurrency market took a major hit, with $539 million wiped out in liquidations over the past 24 hours. Around 156,000 traders were affected as prices plunged following an executive order from former US President Donald Trump.

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In just 12 hours, nearly $390 million in positions were liquidated, with long traders suffering the most—losing over $305 million. The biggest single liquidation occurred on Bitfinex, where a $15.4 million trade was completely wiped out.

Bitcoin traders bore the brunt, facing $206 million in liquidations. Long positions accounted for $151 million in losses, while short traders lost $54 million. Bitcoin’s price dropped about 5%, settling around $87,627.

Ethereum also saw heavy losses, with nearly $48 million in liquidations as its price fell over 6% to $2,156. XRP, Solana, and Cardano weren’t spared, with total liquidations of $16 million, $14 million, and $12 million, respectively. Cardano’s price suffered the worst drop, plunging over 10% to $0.86.

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With the total market cap now at $2.88 trillion—down 4.5% in just one day—traders are bracing for further volatility, uncertain whether this signals a deeper market decline or a buying opportunity.

Sam Bankman-Fried Turns 33 in Jail, Claims Strong GOP Ties in New Interview

Summary: In a behind-bars interview, FTX’s former CEO Sam Bankman-Fried spoke about his political affiliations, life in prison, and ongoing court theatrics. He claimed to be nearer to Republicans than everyone assumed and stood up for former colleague Ryan Salame. Bankman-Fried’s legal team is appealing his 25-year sentence while his parents seek a presidential pardon.

Sam Bankman-Fried marked his 33rd birthday in prison with a candid interview, reflecting on his conviction, political ties, and life behind bars. Speaking to Tucker Carlson on March of this year, the former FTX CEO insisted he wasn’t a criminal and argued that charges against ex-colleague Ryan Salame were politically driven due to Salame’s Republican affiliations.

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Despite his well-known donations to Democrats, Bankman-Fried claimed he had a better relationship with Republicans in Washington than the public realized. He is currently serving a 25-year sentence at Brooklyn’s Metropolitan Detention Center, where he mostly eats rice and beans and has had no contact with former FTX employees.

Sorry for those colleagues who collaborated with prosecutors, he maintained that the majority had no choice but to comply. His attorneys appealed, and his parents are said to be pursuing a potential presidential pardon by Donald Trump.

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The 2022 FTX collapse led to multiple convictions, with Bankman-Fried now awaiting the outcome of his appeal as legal processes continue.

Bitcoin Dips 5% After Trump’s Bitcoin Reserve Plan Disappoints Investors

Bitcoin tanked 5% to $84,979 after Trump’s Bitcoin Reserve plan revealed no new BTC purchases. Investors wanted more.

Bitcoin just took a 5% nosedive, dropping from $90,400 to $84,979, after Trump’s Strategic Bitcoin Reserve announcement didn’t live up to expectations. Instead of buying new BTC, the U.S. will only use Bitcoin seized from criminal cases. Investors? Not happy.

Market watchers were hyped for government BTC buys, but Trump’s crypto czar David Sacks confirmed the reserve will only use forfeited assets. No fresh Bitcoin buys—at least for now.

Market shockwaves hit hard:

  • Ether (ETH) dropped 6.23%
  • XRP fell 7%
  • Solana (SOL) lost 5.01%
  • Cardano (ADA) crashed 9%

Investors weren’t feeling the lack of a clear funding strategy, as noted by The Kobeissi Letter.

Still, crypto leaders stay bullish. Electric Capital’s Avichal was surprised by the negative reaction, while Ash Crypto believes it’s still a step toward Bitcoin mass adoption. Dennis Porter, Satoshi Action Fund CEO, hinted that future BTC buys could still happen.

Bottom line? The Bitcoin reserve is a big move for crypto adoption, but the market wanted more.

Also Read: Nasdaq Goes 24/5: Stocks Are Catching Up to Crypto’s Non-Stop Trading

Nasdaq Goes 24/5: Stocks Are Catching Up to Crypto’s Non-Stop Trading

Nasdaq plans 24/5 trading by 2026. Crypto’s 24/7 model pushed this shift. Wall Street’s waking up—markets are never sleeping.

Big moves from Nasdaq Inc.—they’re gearing up to let stocks trade 24 hours a day, five days a week by late 2026. Of course, it all depends on regulators, but if they get the green light, Wall Street’s traditional schedule is getting a major update.

Why? Because investors worldwide hate waiting for markets to open. Nasdaq’s Tal Cohen says 24/5 trading means more access for everyone, not just Wall Street elites. But, there’s a catch—late-night trading could be wild with price swings and higher costs due to lower liquidity.

And Nasdaq isn’t alone. Cboe Global Markets is also going 24/5, while NYSE wants 22-hour trading days. Tech upgrades are in the works to handle the non-stop flow.

Crypto led the way. Bitcoin never sleeps, and neither do its traders. When Trump announced a U.S. Crypto Reserve on a Sunday, stock traders were stuck waiting while crypto markets reacted instantly.

Eric Trump flexed: “Traditional finance better catch up or die.” Nasdaq clearly got the message.

Stock markets are entering the no-sleep era. Crypto’s influence is undeniable. Ready for round-the-clock trading? Wall Street finally is.

Also Read: Trump’s Strategic Bitcoin Reserve Excludes XRP & Altcoins, Crypto Market Reacts

Trump’s Strategic Bitcoin Reserve Excludes XRP & Altcoins, Crypto Market Reacts

Trump launches a Bitcoin-only reserve from seized assets. XRP left out, but traders still bullish. Market’s watching for policy shifts!



President Donald Trump just announced a Strategic Bitcoin Reserve—but here’s the catch: it only holds BTC seized from criminal cases! No XRP, no Solana (SOL), no Cardano (ADA).

The idea? Treat Bitcoin like digital gold. White House crypto adviser David Sacks even called it a “digital Fort Knox.” But many in the crypto world were hoping for a reserve that actually buys Bitcoin and other assets.

Following the news, Bitcoin dropped to $84,979 before gaining back 4% to $90K. Traders are acting fast—Deribit data shows increased short-term put options on BTC, ETH, and SOL as hedges. But XRP is the outlier!

XRP derivatives volume jumped 41% to $11.55B, with long-term calls dominating.The 24-hour long/short ratio? 0.9253, meaning traders are bullish.

This comes right before the White House Crypto Summit, where execs from Coinbase & Ripple will push for clearer regulations.

So, will future policies expand the reserve to altcoins? The market’s watching, and so should you!

Also Read: TRM Labs Report: ISKP Uses Monero (XMR) for Crypto Fundraising, Highlights Shift in Terror Financing

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