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▌Crypto giants gather at the White House tomorrow, and Trump’s new cryptocurrency policy is about to emerge
Tomorrow, more than 20 executives, investors and well-known figures in the cryptocurrency field will gather at the White House cryptocurrency summit to plan the future development direction of the cryptocurrency field under Trump’s leadership. People familiar with the matter said the event is likely to become a platform to promote a number of cryptocurrency-related administrative measures, and there are currently a variety of plans under consideration. Trump may announce that he will stop selling cryptocurrencies seized in criminal cases and instead use them to build reserves, people familiar with the matter said. They also said Trump could issue an executive order to create a real Bitcoin reserve that is expected to buy more of this digital currency. Another potential proposal would involve tax handling issues in cryptocurrencies and would likely require congressional review and approval, one of the people familiar with the matter said. The people familiar with the matter said the actions are still under discussion and may not be implemented or change in the end.
▌BTC fell below $90,000
The market shows that BTC fell below $90,000 and is now at $89,993.55, with a 24-hour decline of 0.87%. The market fluctuates greatly, please do a good job in risk control.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$90,662.13, with an intraday rise and fall of +0.7%;
ETH's latest transaction price is US$2,229.12, with an intraday rise and fall of -0.6%;
BNB's latest transaction price is US$601.49, with an intraday rise and fall of +0.8%;
SOL's latest transaction price is US$145.13, with an intraday rise and fall of -0.5%;
DOGE's latest transaction price is US$0.2036, with an intraday rise and fall of -0.2%;
XPR's latest transaction price is US$2.62, with an intraday rise and fall of +5.2%.
▌Fox reporter: The White House plans to further clarify the "Strategic cryptocurrency reserve" plan, which may clarify the source of funds. According to Fox Business reporter Charles Gasparino, sources revealed that the White House is preparing to make further clarifications on its so-called "Strategic cryptocurrency reserve" plan, which is expected to be released later today or tomorrow.
Gasparino speculates that the clarification may focus on the funding mechanism, namely the potential obstacles to using taxpayer funds to purchase digital currency (a move that may require Congressional approval, but is almost impossible).
He pointed out that possible solutions include: 1. Using confiscated cryptocurrencies for reserves (200,000 bitcoins have been claimed to have been seized from criminals); 2. Using the sovereign wealth fund model to fund the purchase of cryptocurrencies (Former Chairman of the U.S. Commodity Futures Trading Commission Chris Giancarlo onceCome up with this idea).
Gasparino stressed that the event is still developing and may change.
▌People insiders: Trump considers issuing an executive order to create Bitcoin reserves tomorrow
According to Bloomberg, citing people familiar with the matter, Trump is considering issuing an executive order to create Bitcoin reserves tomorrow, which may be built with the current Bitcoin and will buy more (bitcoins) in the future. The plan is still under discussion and may change.
▌Texas Lieutenant Governor: Bitcoin will become a key asset in Texas in the future
Texas Lieutenant Governor Dan Patrick believes that the limited supply and decentralized nature of Bitcoin make it a key asset in Texas in the future, and hopes to build Texas into the "center of the digital future of the United States."
Blockchain application
▌ "Full-chain" tokenization platform Libre introduces institutional funds from BlackRock, Nomura and other institutions into the L1 network Injective
According to the official announcement, the "Full-chain" tokenization platform Libre is providing institutional access to funds from leading asset management companies to Injective (Binance-based Cosmos Layer 1). These include a tokenized version of BlackRock Money Market Fund, and a cash purchase and self-transportation trading strategy by Laser Digital, a subsidiary of Japanese investment bank Nomura Securities.
Libre was founded in 2024 by early-stage securities token pioneer Avtar Sehra, and is a collaborative project between WebN and Laser Digital. Its first issuers were alternative investment management company Brevan Howard and leading private equity investment management company Hamilton Lane. It is reported that early partners of the full-chain solution include Brevan Howard and Hamilton Lane, which are currently running on multiple chains, including multiple Ethereum Layer 2, NEAR and Solana.
▌Coinbase announced the integration of Python Lazer to achieve 1 millisecond update speed
Coinbase announced the integration of Python Lazer. Python Lazer will provide Coinbase with 1 millisecond data update speed, bringing more accurate and real-time price information and market data, thereby achieving comprehensive liquidity health and further improving its response to market conditions. Meanwhile, Python Lazer lightweight design will further reduce costs.
It is reported that Python Lazer is an ultra-low-latency oracle launched by Python Network, which can provide ultra-fine price sources and market data, and update timeAs short as 1 millisecond, users can also select multiple frequency channels such as 1 millisecond, 50 milliseconds, and 200 milliseconds according to their specific needs. At the same time, Python Lazer provides ultra-low latency price updates and rich market data for more than 1,000 assets, supporting all blockchain ecosystems such as EVM (Ethereum Virtual Machine), SVM (Solana Virtual Machine).
Cryptocurrency
▌The latest list of attendees at the White House Crypto Summit includes CEOs of Anchorage Digital and FalconX
Fox Business News reporter Eleanor Terrett released the updated list of the White House Crypto Summit this Friday (and there may be more): Garlinghouse (Ripple CEO), Chris Giancarlo (Former CFTC Chairman and Senior Legal Counsel for Willkie), Nathan McCauley (Anchorage Digital CEO), Kris Marszalek (Crypto.com), Cameron Winklevoss and Tyler Winklevoss (the two founders of Gemini), Vlad Tenev (Robinhood CEO), Arjun Sethi (Kraken CEO), Michael Saylor (Founder of Strategy), Brian Armstrong (Coinbase CEO), Sergey Nazarov (Chainlink), Kyle Samani (Managing Partner of Multicoin), Zach Witkoff (World Liberty Financial, Trump-related crypto project), JP Richardson (CEO of Exodus), Matt Huang (Chief of Paradigm), David Bailey (CEO of Bitcoin Magazine), Raghu Yarlagadda (CEO of FalconX), Shayne Coplan (Polimarket CEO).
David Sacks, director of AI and cryptograph at the White House, commented on the list: "Most of the invitation lists about X are fake, but this one looks real (although not yet perfected). Please note that the Digital Assets Summit is not a meeting, but a roundtable forum. We are very grateful for your attention, but in order to have in-depth and meaningful communication, we need to keep it small."
▌Pump.fun's No. 1 trader has a cumulative profit of nearly $40 million
Based on tracking the best performing Pump.Fun Wallet's Dune Analytics dashboard, as of 4:00PM EST on March 6, 2025, the cumulative profit of Pump.fun's No. 1 trader was $39,810,143.
The Pump.fun market has been shrinking since the boom from November to January last year. This week, daily trading volume fell sharply to about $170 million from its peak in January’s $3 billion, a sharp drop of 94%. While memecoin transactions may continue to be down for a while, the Pump.fun platform has revenues of more than $570 million.
▌CryptoQuant research director: Traders may make arrangements for the White House crypto summit in advance and open new long positions
Julio Moreno, research director of CryptoQuant, said on the X platform that since Trump announced the strategic crypto reserve plan, traders' behavior has changed significantly:
Close short positions: Traders have successively covered short positions to reduce bearish risks.
Profit settlement: After the initial price rises, some traders choose to make a profit and leave the market.
Open long positions: Some traders may make arrangements in advance for the White House crypto summit and open new long positions.
▌Brazilian fintech unicorn Meliuz completed its first Bitcoin acquisition with an average price of US$90,296
Brazilian fintech unicorn Meliuz announced that the company has begun to purchase Bitcoin, joining the ranks of more traditional financial companies holding crypto assets as part of a new financial management strategy. Meliuz mainly provides cash back and fintech services, and the company's board of directors has approved the allocation of up to 10% of its cash reserves to Bitcoin (BTC), marking its official entry into the cryptocurrency market. Meliuz has completed its first Bitcoin acquisition, purchasing 45.72 BTC with a total value of approximately $4.1 million and an average purchase price of $90,296.
▌Analysts: Risk aversion sentiment caused by macroeconomic uncertainty may put pressure on cryptocurrencies in the near future
Crypto macroeconomic analyst Noelle Acheson said, "The spread between the 10-year U.S. Treasury yield and the 3-month Treasury yield has turned negative again, causing the yield curve to invert, suggesting that the U.S. economy may fall into recession, that is, the U.S. gross product (GDP) has contracted for two consecutive quarters. This is usually not a good signal.
We are still dealing with the contest between different narratives - on the one hand, risk aversion sentiment may put pressure on Bitcoin (BTC) and other crypto assets for a period of time due to macroeconomic uncertainty. But on the other hand, the 'safe haven' narrative is strengthening, and the positive news from the White House further highlights the amazing shift in official attitudes."
MoreNeed economic trends
▌U.S. non-farm eve: Bloomberg dollar index moves to its longest consecutive decline since September
The Bloomberg dollar index fell for the fourth consecutive day, setting a record for the longest consecutive decline since September 2024, after Trump said that tariffs on the US-Mexico-Canada Agreement covering goods and services were suspended until April 2. The euro narrowed its gains after the European Central Bank cut interest rates as scheduled, but suggested that the rate cut could be nearing its end. The Bloomberg dollar index fell 0.2%, and fell 0.4% during the session; the index fell 2.2% in four days, moving towards its worst single-week performance since November 2022, and the non-farm employment report will be released on Friday.
▌Trump is dissatisfied with the US-Japan security treaty
According to Kyodo News on the 7th, US President Trump expressed dissatisfaction with the Japan-US security treaty on the 6th, saying it was one-sided, believing that the treaty reflects that the United States must protect Japan, and Japan has no obligation to protect the United States. According to reports, Trump may use this to demand that Japan increase its defense expenses in the future. (CCTV)
▌JPMorgan warned that its S&P 500's 6,500-point year-end target is at risk of failure
As tariff news stirred financial markets and sparked investors' concerns about the outlook for the U.S. economy, JPMorgan strategists warned that its forecast for U.S. stock market gains at the beginning of the year are at risk of failure. JPMorgan Chase maintained its forecast for the S&P 500 end-of-year target of 6,500 points, but warned that the forecast had "large standard errors." This target position means that the S&P 500 still has about 13% upside from Thursday's closing level of 5738.52 points. “It is possible that the S&P 500 will not reach this level until 2026,” the team led by Dubravko Lakos-Bujas said in a report to clients on Thursday. The team pointed out that the economic data fluctuates greatly, which to a certain extent indicates that economic growth slows down and inflation is still stubborn. It is expected that the short-term volatility range of the S&P 500 index will be between 5,200-6,000 points, and the trend of individual stocks may be highly differentiated.
▌Trump signed an amendment to temporarily suspend tariffs on Mexican goods that comply with the US-Mexico-Canada Agreement
U.S. President Trump signed an amendment to Mexico and Canada tariffs on the 6th local time, so that products that comply with the "US-Mexico-Canada Agreement" (US-Mexico-Canada Agreement) will be exempted from tariffs until April 2. Trump posted on social media earlier that day that the 25% tariff imposed on Mexico will be suspended until April 2, and this decision applies to all goods and services covered by the "US-Mexico-Canada Agreement" (US-Mexico-Canada Agreement).
Golden Encyclopedia
▌What is DeFAI
DeFAI is combining DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI stands for CrA turning point in the ypto asset industry.
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