Sacks: White House Backs Repealing DeFi Broker Rule

DeFi Regulation: A Big Change!

The White House has made a big decision about how to treat something called decentralized finance, or DeFi for short. They want to stop a rule that was made by the IRS, which is like the tax collector in the U.S. This rule said that people who make software for DeFi should be treated like brokers, which means they have to collect a lot of information about people who use their software. This is a problem because it’s hard for small companies and open-source projects to do this, and it might also hurt privacy.

What’s the Problem with This Rule?

The rule was made in December 2024, just before the new U.S. government started. It says that DeFi projects have to tell the IRS about all the transactions that happen on their software, and they have to collect information about the people who use it, like their names and what they’ve done. This is a problem because it’s hard for small companies and open-source projects to do this, and it might also hurt privacy because people don’t want the government to know everything they do.

People Don’t Like This Rule

Lots of people in the crypto world don’t like this rule. They say it’s not fair to treat DeFi software makers like brokers, and it might stop new ideas from happening in the U.S. They also worry about privacy because the rule wants them to tell the government about people’s private business.

Can We Stop This Rule?

Some important people in the U.S. government want to stop this rule. Senator Ted Cruz and Representative Mike Carey have tried to stop it using something called the Congressional Review Act. If they succeed, the President might say it’s okay to stop the rule. The White House says they would like this to happen.

What Would Happen if the Rule Stops?

If the rule stops, it would be easier for U.S. DeFi companies to do their work because they wouldn’t have to collect so much information. This would let them focus on making new things instead of worrying about the rules. It would also help keep people’s information private because the government wouldn’t need to know so much about what they’re doing.

What Does This Mean for DeFi?

The White House wants to stop this rule, which is a big change. If they succeed, it would be easier for DeFi to grow in the U.S. It’s important for the people who make the rules to think about how to help new technologies, but also to make sure they’re fair and safe.

Sources:
cointelegraph.com
cryptobriefing.com
chaincatcher.com

Belarus President Orders Crypto Mining Expansion: ‘We Have Surplus Electricity’

Introduction: Making the Most of Extra Electricity in Belarus

Belarus has a secret weapon for its economy: lots of extra electricity! President Alexander Lukashenko wants to use this extra power to start a new industry: cryptocurrency mining. This is a smart move because the world is trying to save energy, and Belarus has plenty to spare.

Why Crypto Mining in Belarus?

Belarus is a great place for crypto mining because it has some of the cheapest electricity in Europe[1]. This means miners can save money on energy bills, which is really important in this business. Plus, Belarus is in a good location and has the right infrastructure to set up a big mining operation.

Challenges and Opportunities

Crypto mining can be profitable, but it’s not always easy. Prices of cryptocurrencies go up and down, there are rules to follow, and you need good equipment[1]. But, using extra electricity to mine cryptocurrency can bring more money and jobs to Belarus.

Other Countries are Doing It Too

Belarus isn’t the only country trying to use its energy for crypto mining. The United States is also interested in becoming a big player in this field[1]. This means Belarus needs to be smart to stay ahead in the competition.

Rules and Sanctions

However, Belarus has a problem: international sanctions. Some countries don’t want to help Belarus with crypto mining because of these sanctions[3]. This could make it harder for Belarus to start its mining industry.

Belarus: A New Crypto Mining Star?

In short, Belarus wants to use its extra electricity to start a new business: crypto mining. There are challenges, but the potential rewards are big. As the world figures out energy and cryptocurrency, Belarus could become a major player in crypto mining.

Sources:
cointelegraph.com
eur-lex.europa.eu

Crypto Crisis: $1B in Liquidations as Tariff Turmoil Rocks Markets

Crypto Market Storm: $1 Billion in Liquidations!

The world of cryptocurrency has been shaken up by a massive wave of liquidations, totaling over $1 billion! This sudden storm was triggered by some big changes in the U.S., like new rules on imports from Canada and Mexico. Let’s dive in and see what’s been happening.

What Happened?

U.S. President Donald Trump recently said that some imports from Canada and Mexico would have to pay extra taxes, called tariffs. These tariffs are like a extra fee on top of the regular price. This news made some people worry about inflation and a slowdown in the economy.

Guess what? The crypto market felt this too! The prices of many cryptocurrencies, like Bitcoin and Ethereum, suddenly dropped. This made some people who had borrowed money to buy cryptocurrencies lose a lot of money, and they had to sell their cryptocurrencies to pay back their loans. This is called a liquidation.

Crypto Market Takes a Hit

The crypto market had a big sale, with Bitcoin’s price going down below $83,000. This was a big drop from where it was before. Other popular cryptocurrencies, like Ethereum, XRP, Solana, and Cardano, also lost a lot of their value. In total, the market lost over $500 billion in value!

Liquidations and Market Rollercoaster

More than $1 billion worth of positions were liquidated, with most of them being bets that the prices would go up. This means that many traders were surprised by the sudden change in the market. The change in the market’s mood made people panic and sell their cryptocurrencies, which made the prices drop even more.

Why Did This Happen?

The reason behind this market storm is the worry about a trade war. A trade war is like a fight between countries about who gets to sell more stuff to each other. This can slow down the growth of the global economy, which makes people worried and less likely to invest in risky things like cryptocurrencies.

What’s Next?

Even though the market is going through a tough time right now, some people think that it might come back stronger later. In the past, the crypto market has had ups and downs, and it has always come back. So, it’s important for traders to be patient and look for signs that the market is getting better.

Conclusion: Riding the Crypto Rollercoaster

The crypto market is like a rollercoaster, with ups and downs. The recent tariff news and the impact on the crypto market show us that what happens in the world can affect the crypto market too. Even though it’s hard right now, this is a good time for smart investors to think about how to navigate these choppy waters and find opportunities.

As the market calms down, it’s important for traders to think about their strategies and look for signs that the market is getting better. Only time will tell if this is just a temporary problem or a longer-term trend. But one thing is for sure: the crypto market will have to show that it can handle these challenges.

Sources:

Bitcoin Holds Steady Near $83K, Eyes S&P 500 Recovery

Bitcoin’s Price Holds Steady Around $83K: A Look at the Market

Hello there! Let’s talk about something big that’s happening in the world of money – Bitcoin! You might have heard that Bitcoin’s price has been hanging around $83,000 for a while now. This is a big deal because just a month ago, Bitcoin had a rough time, with its price dropping more than it had in over ten years![1]

What’s Going On in the Market?

Bitcoin’s price staying steady isn’t just about Bitcoin – it’s about the whole market. You see, Bitcoin’s price goes up and down based on what’s happening in the world, like when people are buying or selling it, or when there are rules about it changing. Even though there have been some ups and downs, big companies are still interested in Bitcoin. For example, a really big investment company called BlackRock is now letting people invest in Bitcoin![1]

Why Are Big Companies Interested in Bitcoin?

Companies like Bitcoin because it’s different from other things you can invest in. When more companies start using Bitcoin, it helps Bitcoin’s price stay steady. Plus, it means that more people think Bitcoin is a good thing to have. As more companies join in, Bitcoin might become even more stable and maybe even get more expensive![1]

What Do People Think Will Happen Next?

Some people think Bitcoin’s price might go back up, while others think it might go down again because the market is still a bit shaky. There’s a big meeting about Bitcoin coming up in March, and that might help decide what happens next.[1] Also, Bitcoin has these cycles where it goes up and down, and knowing about these cycles can help us guess what might happen in the future.[2]

How Does the Rest of the World Affect Bitcoin?

Things happening in the world, like fights between countries or changes in rules, can also affect Bitcoin’s price. When people are worried about these things, they might want to buy Bitcoin because it’s different from other money. But even though there are worries, Bitcoin is staying steady, which means it’s getting more grown-up![1]

So, What Does This Mean for Bitcoin?

Well, it looks like Bitcoin is doing pretty well right now, with its price staying around $83,000. The future of Bitcoin depends on what happens with big companies, rules, and the world in general. We’ll have to wait and see if Bitcoin goes back up or if it has more challenges. But one thing’s for sure – Bitcoin is becoming a big deal in the world of money![3]

[1] CoinStats, Fidelity Digital Assets, Kitco, CoinTelegraph, Binance

[2] CoinTelegraph

[3] Binance

Crypto’s Daily Digest

Today in Crypto: A Day of Optimism and AI-Driven Trends

Welcome to the Crypto World!

Hey there, young crypto explorers! Today, we’re diving into the exciting world of cryptocurrency, where things are looking pretty bright. The crypto market is buzzing with excitement, and analysts are calling it the “Optimism Phase.” Let’s find out what’s making everyone so happy!

Bitcoin and Ethereum: The Stars of the Show

You’ve probably heard of Bitcoin (BTC) and Ethereum (ETH), right? They’re like the superheroes of the crypto world! Today, they’re leading the charge, with their prices going up and more people trading them[1].

Bitcoin’s Big Jump: Bitcoin’s price went from $55,000 to $57,500 in just 24 hours! That’s a pretty big jump[1].
Ethereum’s Rise: Ethereum wasn’t far behind, going from $3,200 to $3,350[1].
Trading Volumes Skyrocket: More people are trading BTC and ETH, with trading volumes going up by 15% and 12% respectively[1].

The Crypto Market’s Big Picture

The total value of all cryptocurrencies (market capitalization) went from $2.1 trillion to $2.2 trillion. That’s a lot of money! This means more people are interested in crypto and its value is growing[1].

AI: The New Kid on the Block

You’ve heard of artificial intelligence (AI), right? It’s like having a super-smart robot friend! AI is making waves in the crypto world too.

AI News Boosts Tokens: On March 2, 2025, an AI company made some big announcements, and it helped tokens like SingularityNET (AGIX) and Fetch.ai (FET) go up by 5%[1].
Trading Volumes Boom: More people started trading AGIX and FET, with trading volumes going up by 20% and 18% respectively[1].

What’s Happening Under the Hood?

On-chain metrics tell us what’s happening behind the scenes. Today, more people are using Bitcoin and Ethereum, with active addresses going up by 10% and 8% respectively[1]. That means more people are interested and active in the crypto world!

The Future Looks Bright!

So, what does all this mean? It means the crypto market is doing really well, with prices going up and more people trading. AI is also playing a big role, offering new opportunities for traders. Whether you’re just starting out or you’re already a crypto pro, understanding these trends can help you navigate the exciting world of cryptocurrency.

Stay curious, young explorers!

Sources:
blockchain.news
coinfomania.com
ajg.com

Lido’s Ethereum Staking: Decentralized with SSV Network

Making Ethereum Staking Better: SSV Network’s Big Idea

Hey there! Imagine this: you’re walking down the street, and suddenly, you see a sign that says, “We’re making Ethereum staking even better!” That’s exactly what the SSV Network is doing with their new proposal. They want to improve how we stake Ethereum, making it more secure and accessible for everyone.

What’s Staking and Why It’s Important

Staking is like putting your money in a bank to earn interest. In the Ethereum world, it’s locking up your Ether to help secure the network and earn rewards. It’s super important because it helps Ethereum run smoothly and makes it more secure.

SSV Network’s Plan: A New Way to Stake

The SSV Network has a cool idea. They want to make Lido, a popular staking service on Ethereum, even better by adding a decentralized staking module. This means more people can join in and stake their Ether, making Ethereum even more secure and decentralized.

Here’s how it works: SSV uses something called Distributed Validator Technology (DVT). This helps node operators (the people who run the staking service) join Lido’s setup easily and safely. It’s like having a big team working together to make sure everything runs smoothly.

Why This Is a Big Deal

This plan has some awesome benefits. For Ethereum, it means more people are staking their Ether, making the network even stronger and more resilient. For big companies and institutions that want to stake their Ether, it’s a safer and easier way to do it.

And guess who’s behind all this? The SSV Network! They’re already securing over $4.7 billion in staked Ether across more than 1,400 nodes all over the world. They want to make Ethereum staking even more open and accessible, so everyone can join in and help make the network secure.

So, What’s Next?

Well, the SSV Network’s proposal is a big step towards making Ethereum staking even better. It’s all about increasing security, decentralization, and making it easier for everyone to stake their Ether. As Ethereum keeps growing, we’ll need more cool ideas like this to keep it running smoothly and safely.

That’s all for now! If you want to learn more about Ethereum staking and the SSV Network, check out the links below.

Sources:
westislandblog.com
cointelegraph.com
followin.io
coinbase.com
chaincatcher.com

Can Solo Miners Outpace Corporate Bitcoin Giants?

Bitcoin Mining: The Little Guy’s Chance

Imagine you’re in a huge race, and you’re running against giant teams with super-fast cars. You’re just one person with a simple bicycle. That’s what it’s like for solo Bitcoin miners against big corporate operations. But guess what? Sometimes, even the little guy can win the race! A solo miner, using just one machine, once found a block and won a big reward[3]. So, can solo mining really compete with big companies?

Why Solo Mining is Tough

Solo mining means you run a mining machine all by yourself, keeping all the rewards for yourself. Sounds great, right? But here’s the catch: the Bitcoin network makes mining harder as more people join. Right now, it’s super hard to find a block[3]. It’s like trying to find a needle in a huge haystack, and you’re up against teams with giant magnets!

Solo Miners vs. Big Companies

Big companies have a big advantage. They have lots of machines, so they have more chances to find blocks and win rewards. A solo miner, on the other hand, relies on luck and just one machine. On average, it might take hundreds of years to find a block[3]! But here’s the good news: when a solo miner finds a block, they get to keep all the reward for themselves.

The Solo Miner’s Big Win

Recently, a solo miner using just one machine found block 793,607 and won 6.175 BTC, which is about $160,100[3]! That’s like winning the lottery with a single ticket. This shows that even though it’s rare, solo mining can be really rewarding. Plus, there’s special software called Solo CKPool that helps solo miners keep 98% of their rewards[3].

Other Ways to Mine Bitcoin

If solo mining seems too risky or expensive, there are other ways to mine Bitcoin:

    • Cloud Mining: You pay a company to use their machines, but you might not make as much money because of fees[5].
    • Pool Mining: You join a group of miners to find blocks together. You share the rewards, but you get a steady income[5].

So, Can the Little Guy Win?

In the end, solo mining is really hard, but it’s not impossible. That solo miner who found a block showed us that the little guy can win sometimes. But the odds are against solo miners, and the Bitcoin network keeps getting harder to mine[3]. If you want to try solo mining, you should know the risks and rewards. It’s like that bicycle race – it’s tough, but it’s exciting to think you might win!

 

Sources:

Crypto’s ‘Trump Bump’: Temporary or Lasting?

Crypto’s Rise During Trump’s Presidency

The world of digital money, or cryptocurrency, has been buzzing lately. People are talking about a big increase in prices, something they call the “Trump effect.” This happened because of what Donald Trump and his team said and did about digital money during his time as president. When Bitcoin’s price went past $100,000 after Trump was re-elected, many people started wondering if this was a good thing that would last or just a quick change in the market[1]. Let’s find out what’s behind this trend and if the “Trump effect” can continue.

What’s Making Crypto Prices Go Up?

Several things have helped make crypto prices go up during Trump’s time as president:

    • Support and Less Rules: Trump and his team said good things about digital money and made rules less strict. They also chose people who like crypto to work for them, like Howard Lutnick as Commerce Secretary[1].
    • Banks Getting Involved: If rules like SAB121 are taken away, banks could keep cryptocurrencies on their books. This could make more people and big companies want to use crypto[1].
    • Clear Rules: Trump’s team made an order about crypto to give clear rules about who’s in charge and to help people use open blockchain networks. This makes it easier for more people to invest and start new things in the crypto world[3].

Problems and Dangers

Even though people are excited about the crypto boom, there are some problems and dangers to think about:

    • Safety Worries: Making rules less strict could make it easier for bad people to steal money or trick people. In 2023, $5.6 billion was lost to crypto tricks when rules were stricter[1].
    • Price Fluctuations: The crypto market is growing fast, which could make prices go up and down a lot. This could be bad for people who don’t know much about investing[1].
    • Technological Threats: A new kind of computer called a quantum computer could break the codes that keep cryptocurrencies safe, like Bitcoin’s code[1]. This is a big worry for the future.

Will the Crypto Boom Last?

In the end, the “Trump effect” has made the crypto market bigger, but if it will last depends on many things. Trump’s team needs to find a good balance between making rules less strict and keeping people safe. They also need to deal with security problems and new technology. If they do this right, crypto could bring big economic growth and new technology. But if they don’t, it could cause financial problems.

As the United States tries this crypto thing, it’s important to find the right balance between letting people do new things and making rules. If they do this right, crypto could be a great thing. But if they don’t, it could cause problems.

Sources:

Bitcoin Drops Towards $80K as USD Rebounds from 12-Week Low

Bitcoin’s Wild Ride: A Simple Guide for 9th Graders

Bitcoin, the most famous cryptocurrency, has been going up and down a lot lately. Its price has been changing a lot, and it’s even gone down to around $80,000. This isn’t just about Bitcoin; it’s also about what’s happening in the world’s economy and politics. Let’s find out what’s been making Bitcoin’s price move and what might happen in the future.

Market Waves and Bitcoin’s Drop

Bitcoin’s price has been going down a lot recently. In February, it fell by 17.5%, which was its biggest drop in a long time[1]. This made Bitcoin go into a “bear market,” which means its price has fallen by more than 20% from its highest point. This drop happened because the markets are being very unstable, and people are worried about a big trade war and the economy[1].

Dollar’s Strength and Bitcoin’s Price

The US dollar is also affecting Bitcoin’s price. When the dollar is strong, Bitcoin might look less appealing to investors, so its price goes down. Recently, the US dollar got stronger, which might make Bitcoin’s price go down even more[3].

Politics Matter Too

Political things, especially in the United States, are also affecting Bitcoin’s price. When President Donald Trump talked about creating a special cryptocurrency reserve, Bitcoin’s price went up by 11% to almost $95,000[3]. But it’s not sure if this will last, because people are still talking about whether this reserve is a good idea or not[3].

Money Going into Bitcoin ETFs

Another important thing is how much money is being put into Bitcoin ETFs (Exchange-Traded Funds). After some money was taken out, there was a big investment of $94.3 million on the last day of February[3]. This might mean that people are starting to feel better about Bitcoin, but we’ll have to wait and see if this keeps happening.

Looking at the Charts

From a technical point of view, people are watching Bitcoin’s price to see if it’s going to go down more. A “death cross” happens when a certain line (50-day moving average) crosses below another line (100-day moving average), and this usually means the price will go down more[3]. But there’s also some hope for a price jump, because sometimes when there’s not much trading happening (low open interest), the price goes up[3].

Navigating the Cryptocurrency Ocean

In short, Bitcoin’s price going down to around $80,000 is because of many things happening in the world’s economy, politics, and even in the Bitcoin world itself. As the world deals with trade problems and political worries, Bitcoin’s price will probably keep changing. While some things might make us feel better about Bitcoin, other things suggest we should be careful. No matter what, the world of cryptocurrency will always be full of surprises!

Sources:
SelfEmployed.com
KWynn.com
MarketPulse.com
TopPodcast.com

Ethereum ($ETH) Liquidity Wick Filled: Michaël van de Poppe’s Analysis

Ethereum’s Big Price Swing: A Close Look

In the world of crypto, some events really catch our eye. Like when Ethereum’s price suddenly goes up and down a lot in one day. Recently, Ethereum did just that! It dropped by 27% and then went back up by 38% all in the same day[1]. This big price swing, or “liquidity wick,” has everyone talking, especially crypto traders and analysts like Michaël van de Poppe.

What’s a Liquidity Wick?

A liquidity wick is like a long tail on a candlestick chart. It shows when the price of something suddenly goes way up or down before coming back to where it started. This happens when there are more people buying or selling than usual, maybe because of some news or someone trying to trick the market. Ethereum’s recent wick was so big that even technical analysts noticed it[1]. They think the price might go back towards the middle of the wick before going up again.

What People Think About Ethereum

Even though Ethereum’s price went crazy, people are still interested in it. Since February 2, about 340,000 ETH (worth $920 million) has left exchanges[1]. This means people are buying Ethereum and putting it in their own wallets instead of leaving it on exchanges. Also, Ethereum ETFs are still getting a lot of attention from big investors[1].

Important Levels for Ethereum

Technical analysts are watching some important levels for Ethereum. The ETH/BTC ratio is at a five-year low, which means Ethereum’s value is going down compared to Bitcoin[1]. But there’s a strong support level around $2,438 where lots of people hold their Ethereum, so the price might not go down too much[1]. There are also some resistance levels, like around $3,050 to $3,140, that could help Ethereum go up again[2].

People Betting Against Ethereum and Whales Buying

Lots of people are betting against Ethereum right now. Short positions are at a record high, over $11 billion[3]. This could mean that if the market gets better, we might see a “short squeeze” where Ethereum’s price goes up really fast. Meanwhile, big Ethereum holders, or “whales,” are buying more ETH, which could make the price go up even more[3].

A New Chapter for Ethereum?

So, what’s next for Ethereum? The big price swing showed that Ethereum can bounce back. With lots of Ethereum moving off exchanges and big investors still interested, Ethereum could go up again. But it won’t be easy, with high short positions and important technical levels to deal with. Everyone’s watching to see what happens next!

Sources:
blockonomi.com
binance.com
fxempire.com
cryptonewsland.com