Tag: web3

TRUMP Developer Wallet Deploys $2M Liquidity—What It Means for the Price

Summary: A wallet belonging to the TRUMP meme coin creator has inserted $2 million worth of range liquidity on Meteora DEX, which forms a price range between $12.7 and $17.9. The step will keep the token price within the range stable by purchasing TRUMP as long as liquidity is present. Despite speculations by some that it means TRUMP is unable to break outside these levels, the price is not technically limited. The move suggests developers think this range is fair value, with potential sell-offs at the top end. One of the wallets belonging to the developer of the TRUMP meme coin has added liquidity on Meteora DEX between $12.7 and $17.9, where the TRUMP-USDC pair is actively traded.

This means the wallet will continue buying TRUMP within this range until the allocated $2 million runs out.

Blockchain analytics firm Arkham Intelligence highlighted the move, noting the address has already accumulated $170,000 worth of TRUMP tokens. Since the wallet received TRUMP directly from the developer’s main address, it is assumed to be one of the developer’s wallets.

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This strategy suggests developers perceive this range of prices as an affordable value. Others are expecting TRUMP to fail to move above these levels in the public, but this is not the case. Nevertheless, as price levels approach $17.9, there may be a selling off, but at $12.7 it would be a support.

TRUMP, released on January 18, 2024, previously traded as high as $74 following the announcement by Donald Trump when his inauguration term started.

Should In-N-Out Burger Start Accepting Bitcoin? Viral Tweet Sparks Debate

Summary: A tweet by an In-N-Out fan account has sparked controversy over whether the burger chain should begin accepting Bitcoin. While there are no company-planned plans, the idea has gained traction, a sign of increased interest in cryptocurrency payments for fast food.

On March of the running year, the fan account @InNOutBurger_fan posted, “Should In-N-Out accept Bitcoin?” The tweet quickly gained attention, with crypto enthusiasts debating the potential for mainstream adoption.

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In-N-Out does not currently accept Bitcoin or any other cryptocurrency, and there is no official statement indicating a change. However, the tweet has fueled speculation on whether crypto payments could become a reality in fast food.

Other brands have already explored similar moves. In March 2024, Compass Coffee in Washington, D.C., partnered with Coinbase to offer discounts for payments made in USDC. In El Salvador, where Bitcoin is legal tender, Starbucks began accepting it as payment.

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If In-N-Out were to adopt Bitcoin, it could signal a shift in how major fast-food chains approach digital currencies. For now, it remains just an idea—but one that has the internet buzzing.

White House and Lawmakers Push Back Against IRS DeFi Broker Rule

Summary: The White House is backing a Congressional Review Act (CRA) introduced by Senator Ted Cruz to overturn the IRS’s DeFi broker rule requiring KYC reporting by DeFi platforms. It has been branded an attack on the crypto sector by critics like Crypto Tzar David Sacks.The CRA only needs a simple majority to pass and can set the direction for future US regulations of crypto.

US legislators are moving to repeal the IRS’s broker rule that treats DeFi creators and front-end platforms as brokers who must track transactions and apply Know Your Customer (KYC) procedures. The rule applies to all digital assets, including NFTs and stablecoins.

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Republican Senator Ted Cruz is leading the push to pass the CRA, officially known as S.J. Res. 3, which would reverse the IRS regulation. The first vote was scheduled for March 5 but may be delayed due to scheduling conflicts, such as the State of the Union address.

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Critics of the rule argue that it disproportionately burdens DeFi creators and stifles innovation. Crypto Tzar David Sacks has called it “an 11th-hour attack” by the Biden administration. The White House prefers the CRA, stating the rule harms US crypto businesses and invades privacy. If the CRA prevails, it would stop similar regulations and signal a pro-crypto trend for future US government policies.

Crypto Market Surges as Trump Unveils U.S. Crypto Reserve Plan

Summary: The crypto market went wild after Donald Trump announced a proposal for creating a U.S. cryptocurrency reserve, which caused a staggering $863 million worth of liquidations. Bitcoin and altcoins saw tremendous price increases, with BTC hitting $92,000.

The cryptocurrency market went into a frenzy following the revelation by former U.S. President Donald Trump of a historic initiative to create a U.S. Crypto Strategic Reserve. His initiative, which aimed at making “America First” in the digital asset space, created a frenzy that recorded $863 million worth of liquidations over the past 24 hours.

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More than 191,000 traders saw their positions wiped out, including one massive liquidation of $15.49 million on Binance’s BTCUSDT pair. In total, $298.66 million came from longs—traders betting on price increases—while $547.17 million came from shorts who were expecting declines.

Bitcoin saw $315.14 million in liquidations, while Ethereum lost $160.23 million. There were large liquidations of XRP, Cardano, and Solana when prices increased as well. Trump announced, via Truth Social on 2 March 2025, that he favored XRP, Solana, and Cardano initially, then added Bitcoin and Ethereum.

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The market responded instantaneously. Bitcoin rose from $85,207 to $91,929 in 90 minutes and is now trading at $92,000. Ethereum increased by 10% to $2,410, XRP increased by 22% to $2.75, Solana increased by 15.15% to $165, and Cardano stole the show with a whopping 53.21% increase to $1.02.

Trump’s move has shaken the market, turning it into a full-fledged rollercoaster.

Binance CEO Applauds Japan’s Transparent Crypto Rules

Summary: Binance CEO Richard Teng praised Japan’s simple crypto regulations and rising adoption, referring to the country as having over 11 million crypto accounts in the previous year. In his speech at the Global Financial Technology Network Forum, he pointed out how Japan’s policies allow safe and sustainable development in the industry.

Binance CEO Richard Teng has complimented Japan’s regulatory strategy on cryptocurrency as transparent and a model for the development of the industry. Speaking at the Global Financial Technology Network Forum in Japan, Teng said that the country’s adoption of cryptocurrencies is growing, with over 11 million accounts in the previous year.

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He emphasized that Japan’s well-established regulatory framework supports a secure and sustainable digital assets environment. The country’s rules, led by the Financial Services Agency (FSA), offer transparency via the Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA). The legislations require exchanges to register, have stringent anti-money laundering (AML) and counter-terrorism financing (CFT) measures, and adhere to guidelines from the Japan Virtual Currency Exchange Association (JVCEA).

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Japan’s stringent regulation was seen when the FSA recently issued Bybit, KuCoin, MEXC Global, Bitget, and Bitcastle warnings for their operations without registration. Teng’s remarks point to Japan’s model being employed as a template by other countries looking to balance innovation and investor protection in the cryptocurrency space.

Singapore Busts NVIDIA GPU Smuggling Ring

Summary: Singapore police detained three men for smuggling NVIDIA graphics processing units to China, a charade uncovered in raids on February 27. The suspects, two Singaporeans and one Chinese national, are said to have deceived suppliers in an attempt to bypass stringent US export controls on high-end chips.

Authorities seized documents and electronics, while six others remain under investigation. The US has been cracking down on illegal GPU exports, fearing China’s access to advanced AI hardware. Singapore, now NVIDIA’s second-largest revenue source, is suspected of being a re-export hub, though NVIDIA denies wrongdoing.

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Meanwhile, the US Commerce Department is investigating Chinese AI firm DeepSeek for possibly using banned chips. Singapore’s government has warned companies against dodging export laws, reaffirming its stance against misuse of its trade system.

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Trump Unveils U.S. Crypto Reserve, Leaves Out Bitcoin

Summary: President Donald Trump has unveiled a plan for a U.S. Crypto Reserve, selecting XRP, Solana (SOL), and Cardano (ADA) and sidestepping Bitcoin and Ethereum. He made the announcement on Truth Social, saying this will make America’s digital asset industry stronger after what he termed “corrupt attacks” by the Biden administration.

This announcement ties back to an Executive Order he signed in January, directing the Presidential Working Group to study a crypto reserve. Meanwhile, Senator Cynthia Lummis is pushing for a Bitcoin reserve, and some states are considering their own crypto initiatives.

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On March 8, Trump will host a White House crypto summit, led by venture capitalist David Sacks and Working Group director Bo Hines, bringing in top industry leaders.

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Separately, the TRUMP Organization recently filed a trademark for “TRUMP,” hinting at metaverse-related projects. As Trump pushes his crypto agenda, he’s setting the stage for America to lead in digital assets.

Anatoly Yakovenko: Bitcoin Has No Real Value,Here’s Why

Summary: Solana co-founder Anatoly Yakovenko sparked debate on X saying, “Bitcoin has no value.” He said that unlike stocks or real estate, Bitcoin doesn’t offer future cash flows, therefore is a form of insurance against unprecedented global catastrophes.

Yakovenko put the probability of a superpower falling apart at 1% per year and stated he is willing to invest 1% of his fortune in an asset that could withstand such a collapse. He also took issue with Bitcoin for not having technological advancements in its 15-year history and wondered how its value could be quantified without a definite financial model.

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His statements provoking mixed responses. Some drew comparisons between Bitcoin and gold, a hedge commodity in periods of inflation. Journalist Laura Shin responded that the simplicity of Bitcoin makes it global and that its $1 trillion market cap is evidence of its value.

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Yakovenko insisted, insisting that companies like Apple could be valued by earnings, but Bitcoin cannot be quantified in terms of such metrics. The arguments continue to rage, yet there is one certainty: what is valuable is decided by the market.

SEC Confirms Meme Coins Aren’t Regulated, Warns of Fraud

Summary: The SEC has officially declared that meme coins are not considered securities under U.S. law. In a February 27 statement, the agency clarified that meme coins function as collectibles rather than financial assets since they don’t guarantee profits or income.

While the SEC is not regulating meme coins directly, it warned that fake transactions would be met with prosecution by other officials. The crypto space welcomed this transparency positively, and analysts have indicated that it can bring more investors into the market. Crypto-friendly exchanges such as Coinbase and Robinhood saw small bumps in their stock prices following the announcement.

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Concurrently, politicians are demanding stricter controls. The MEME Act, introduced, would criminalize profiting by public officials from endorsing meme coins. This follows on the TRUMP coin scandal, when its price wildly oscillated following its release.

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The SEC stance brings regulation clarity, even though the threats in the meme coin environment remain, most notably with scams and political activism now more widespread.

Football Legend Ronaldinho Teases Crypto Project Amid Scam Concerns

Summary: Brazilian football icon Ronaldinho warned off users from imposter meme coins being traded in his name and suggested a big crypto-related revelation. His post is well-timed as meme coins lose appeal, with investors gravitating toward utility-based altcoins.

Cryptocurrency analyst Michael van de Poppe, nonetheless, criticized the move, asking Ronaldinho to put efforts toward safeguarding investors rather than coming up with a meme coin.Others worry that whoever helps him create a token could exploit his reputation. These concerns aren’t unfounded—Ronaldinho was previously linked to a crypto scam.

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Celebrity-backed meme coins often fail. Tokens tied to figures like Trump, Iggy Azalea, and Andrew Tate have dropped over 80%, and 97% of meme coins eventually become worthless. Even Binance’s former CEO has warned against them, calling them harmful to crypto’s reputation.

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Despite the risks, meme coins remain part of the industry, and the SEC recently clarified they aren’t securities. Whether Ronaldinho’s project will succeed or fade like many others remains to be seen.

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