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Bitget Crypto Loan Service Agreement | Bitget Support Center https://www.bitgetapp.com/support/articles/12560603793773?appVersion=2.50.9&time=1741053273285&androidSdk=33&language=en_US&appTheme=standard

Trump to Host Crypto Summit to Hash Out Crypto Regulations Come 7 March, President Donald Trump will play host to the first-ever White House Crypto Summit, connecting industry leaders, investors, and members of the President’s Working Group on Digital Assets. The event will be led by White House AI & Crypto Czar David Sacks and Bo Hines, the executive director of the working group, with Trump delivering remarks at the inaugural gathering. Sacks, a South African-American venture capitalist, was appointed to the newly created AI & Crypto Czar position in December, signalling the administration’s commitment to the sector. Since taking office, he has prioritised key initiatives, including evaluating a US Bitcoin strategic reserve, developing a stablecoin regulatory framework, and pushing for updated SEC guidelines that favour crypto innovation. President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt — David Sacks (@davidsacks47) March 1, 2025 The release said: "Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President's Working Group on Digital Assets." The White House has not disclosed the full list of summit attendees but emphasized in a press release that the administration is focused on establishing clear regulations while fostering innovation and economic freedom. The summit follows Sacks’ recent public remarks alongside congressional leaders, marking his first major address as Trump's crypto policy chief. He noted at press conference: "We want to keep that innovation onshore in the US. Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries." Current Administration Takes Jab at Former Administration The administration also condemned its predecessor for what it described as the unjust targeting and prosecution of the digital asset industry. The press release stated: "After the previous administration unfairly prosecuted the digital asset space, President Trump's policy vision represents a new era for digital financial technology. The administration is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty." Crypto Summit News Leaves Bitcoin Maxis Unimpressed Reactions to the summit were mixed within the crypto community, with some still recalling the high-profile ‘Crypto Ball’ in Washington, D.C., held before the inauguration. That event coincided with the launch of Trump’s meme coin, which briefly surged to a $14.5 billion market cap before plummeting by two-thirds, leaving many small traders at a loss. Longtime Bitcoin holder and Austrian economist Carl Menger voiced his frustration. Fuck them Crypto. Disgusting Shitcoin show. — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) March 1, 2025 Meanwhile, the Bitcoin Therapist championed Bitcoin as the preferred alternative. Just say Bitcoin, it’s honest and more transparent. 99% of crypto are online gambling tokens with no purpose or utility. — The ₿itcoin Therapist (@TheBTCTherapist) March 1, 2025 Others, however, simply urged the president to avoid launching another meme coin. Ultimate Goal to Propel America to be the Global Leader in Crypto In a late Friday statement, the White House reaffirmed Trump’s commitment to becoming “America’s first crypto president” by establishing a clear regulatory framework that fosters innovation while protecting economic liberty. The administration criticised its predecessor for what it called unfair prosecutions of the digital asset industry and pledged to end regulatory uncertainty. The announcement follows Trump’s executive order creating an internal working group, chaired by Sacks, to position the US as a global leader in crypto. The group will focus on regulating a national crypto stockpile and developing a stablecoin framework. The order also repeals a directive from former President Joe Biden that sought to establish its own crypto regulations and explicitly bans the creation of a US central bank digital currency (CBDC). Will this summit finally bring long-awaited regulatory clarity, or will key questions remain unanswered?

While virtual currencies are renowned for their volatility, new surprises never end in the market. Today, according to data reported by Onchain Lens, a whale suffered massive losses after selling tokens at a loss. This activity signals that whales are beginning to panic and sell at lows. Whale losses $14 million In a post shared on X today by Onchain Lens, the whale sold 531.7 billion PEPE tokens for $4.1 million DAI, losing $7.02 million. The whale purchased these PEPE coins for $11.1 million in December 2024. In the past 1 hour, a whale sold 531.7B $PEPE for $4.1M $DAI, losing $7.02M. These $PEPE were bought for $11.1M in December 2024.The whale is also offloading $BEAM, selling 88M for $709k $DAI, with 173.6M $BEAM left, worth $1.41M. Originally bought for $9.28M, this results in a… pic.twitter.com/9LXYz9YlfW — Onchain Lens (@OnchainLens) March 2, 2025 Also, the whale sold 88 million BEAM tokens for $709,000 DAI. He currently holds 173.6 million BEAM tokens worth $1.41 million. As per data, the whale initially bought all 261.6 million BEAM tokens for $9.28 million. However, today’s sales rendered him a loss of $7.15 million. In total, this whale has suffered a loss of $14.17 million as a result of selling the PEPE and BEAM tokens. Holding some BEAM tokens in his wallet means that the whale had tested success with BEAM, giving some good profits. Such wins gave him confidence not just in reinvesting in BEAM, but also in acquiring PEPE, a prominent meme coin. His aggressive accumulation signifies the high-risk, high-reward attitude normally witnessed in digital asset trading. He held his investment for several months. However, his sales activity today happened at a time when prices of PEPE and BEAM are down. Although the specific reasons for the price declines are not known, the ongoing volatility within the broader market appears to be the major cause. As the prices continued to fall, the investor moved to minimize losses by selling the tokens. The whale transacted sales worth $4.809 million but triggered a disastrous loss of $14.17 million. Lessons learned from this whale’s activity Crypto investors can learn a lot from this whale’s heavy loss. The accident provides multiple important lessons for people engaging in the market. First, risk management is essential. People should never invest more money than they can afford to lose. The investor’s aggressive investment, after initial profits, indicates the risk of overconfidence and insufficient risk mitigation plan. Secondly, the need to diversify a portfolio across several assets can help minimize risk. The third point is that investors should be prepared for price volatility. They should avoid panic selling or purchasing tokens based on short-term price swings. Lastly, while profit-taking activity is important, investors should be careful and take profits when they are in a better position. Greed normally makes investors miss opportunities and incur losses. Like the case above, this whale could have avoided such massive losses by cashing out profits earlier.

Software intelligence firm Microstrategy (Nasdaq: MSTR) announced on March 3 that it continues to hold a significant position in bitcoin, with its total holdings standing at approximately 499,096 BTC. The company, which has recently rebranded as Strategy, disclosed in its filing with the U.S. Securities and Exchange Commission (SEC) on March 3 that these holdings were acquired at an aggregate purchase price of roughly $33.1 billion, with an average cost of $66,357 per bitcoin, inclusive of fees and expenses. During the period between Feb. 24 and March 2, Strategy did not sell any shares under its at-the-market equity offering program and did not purchase additional bitcoin. Executive Chairman Michael Saylor shared on social media platform X on March 3: Last week, Strategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 3/2/2025, we hodl 499,096 BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. In addition to its BTC holdings, Strategy announced that its board of directors has declared a quarterly cash dividend of approximately $1.24 per share for its 8.00% Series A perpetual strike preferred stock (STRK). The dividend will be paid on March 31 to stockholders of record as of March 15. The per-share amount reflects a prorated calculation from Feb. 5, when the preferred stock was issued. Saylor, a vocal advocate for bitcoin, continues to stand by his long-term bullish outlook. He predicts that BTC could reach $13 million by 2045, with a bull case scenario of $49 million per bitcoin and a bear case of $3 million. In February, he met with the SEC’s newly formed Crypto Task Force to discuss regulatory approaches for digital assets. During this meeting, he presented a comprehensive digital asset framework. He also recently met with the U.S. House Financial Services Committee to discuss digital assets and the country’s potential to lead the global crypto industry. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Bitcoin’s price experienced a 10% surge following President Donald Trump’s announcement of a U.S. strategic cryptocurrency reserve. Here’s an overview of recent market activity today. Over the past 24 hours, bitcoin’s price ranged between $85,040.21 and $95,043.44. At the time of reporting, bitcoin is trading at $92,930.26, marking an 8.20% increase since yesterday. However, it remains down 3.11% over the past seven days. The 24-hour trading volume has soared to $75.87 billion, a 261.29% increase, largely attributed to heightened market activity following Trump’s announcement. (BTC price / Trading View) Bitcoin’s market capitalization has risen by 8.33% since yesterday, reaching $1.84 trillion. Its market dominance stands at 61.47%, up 1.82% over the past 24 hours, indicating a stronger position relative to other cryptocurrencies. (BTC dominance / Trading View) Total bitcoin futures open interest has grown by 6.64% to $54.64 billion in the last 24 hours, reflecting increased leveraged positions. Liquidations amounted to $358.98 million, with short positions accounting for $252.71 million and long positions for $106.28 million, suggesting that many traders anticipated a price decline and were caught off-guard by the surge. President Trump’s revelation of a forthcoming U.S. strategic cryptocurrency reserve, including bitcoin, ether, XRP, solana, and cardano, has been a significant catalyst for the recent price movements. This initiative aims to position the U.S. as a leader in the crypto industry, underscoring the shift in regulatory approach by the new Trump administration. Simon Gerovich, CEO of Japanese hotel developer turned bitcoin treasury firm Metaplanet, also announced on Sunday, the acquisition of 156 BTC for approximately $13.4 million at roughly $85,890 per bitcoin. Gerovich said the company now holds a total 2,391 BTC This move underscores continued institutional confidence in Bitcoin’s long-term value. (Metaplanet BTC acquisition announcement / Simon Gerovich on X) The recent surge, driven by policy announcements and institutional investments, highlights bitcoin’s sensitivity to macroeconomic factors and regulatory developments. While the short-term outlook appears bullish, investors should remain cautious of potential volatility as the market continues to respond to evolving news and policy changes. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。