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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 01:50
    Data: The U.S. government's public purse currently holds 198,109 BTC
    PANews reported on March 7th, according to Lookonchain monitoring, the US government's public wallet currently holds 198,109 BTC (worth $16.92 billion). Earlier today, Trump signed an executive order to establish a strategic Bitcoin reserve and will not sell any Bitcoins stored in the reserve. The US government has previously transferred about 222,684 BTC (valued at $3.28 billion at that time, now worth $19.42 billion) to exchanges and other unknown wallets at an average price of $14,736 per coin. Based on current prices, the US government lost approximately $16.14 billion due to selling BTC early.
  • 01:22
    Federal Reserve Governor Waller: Opposes cutting interest rates this month, no problem with the expectation of cutting rates twice in two years
    PANews reported on March 7th, according to Jinshi, that Federal Reserve Governor Waller stated on Thursday that he strongly opposes the Fed's interest rate cut at the policy meeting to be held this month. However, he believes that if inflationary pressures continue to weaken, there is still hope for a rate cut later this year. Waller said that he simply does not have enough inflation data to judge whether it should be lowered, especially under the huge uncertainty caused by US President Trump's trade policies. In the long run, Waller said that officials' monetary policy outlook proposed at last December's meeting still looks credible. He pointed out predictions of two interest rate cuts this year and next year and said "I don't see any problem with these numbers even if actual results are slightly different." This Federal Reserve governor also stated when measuring inflation expectations; he pays more attention to market indicators rather than survey data. In this regard, information from market pricing indicates traders and investors believe Trump's current policy goals do not genuinely impact long-term inflation.
  • 01:20
    Fox News Reporter: Trump's executive order established two types of digital asset holding mechanisms
    PANews reported on March 7th that Fox Business News reporter Eleanor Terrett posted on the X platform stating that Trump's executive order established two different digital asset storage mechanisms: 1. Strategic Reserve, which only stores Bitcoin (BTC). The initial funds come from about 200,000 Bitcoins obtained by the government over many years through criminal and civil confiscation. Treasury Secretary Bessent and Commerce Secretary Lutnick are authorized to explore ways to acquire more Bitcoins without increasing taxpayer burden, positioning it as a national-level digital value reserve. 2. Digital Asset Stockpile, which includes other digital assets besides Bitcoin - possibly including XRP, ADA, ETH and SOL among others. The Treasury Department is responsible for "responsible management" of the government-held digital assets. The government will only explore neutral budgetary methods to purchase more Bitcoins and will not actively seek to increase the number of other digital assets in the stockpile. The executive order also requires a comprehensive audit of all currently held government digital assets to ensure transparency in asset management.
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