David Sacks explains why the United States needs a strategic bitcoin reserve: BTC is scarce and should maximize its long-term value
2025-03-09 06:46:06
White House AI and crypto director David Sacks released his latest interview with Bloomberg on the X platform and wrote "1 minute to clarify why the United States needs a strategic bitcoin reserve". David Sacks said that we (the United States) believe that bitcoin is scarce and valuable. For the United States, holding bitcoin is of strategic significance. In the past, the US government's strategies were temporary and simply sold, but bitcoin is a long-term reserve asset, so a long-term strategy is needed to maximize the value of bitcoin.
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11:47 2025-04-09
Market analysis: Bitcoin is struggling to recover significantly due to tariff concernsBitcoin, which has fallen recently amid concerns about the impact on the global economy of reciprocal US tariffs that went into effect on Wednesday, is now struggling for a meaningful recovery. Trump's imposition of tariffs on most US trading partners has dampened appetite for risky assets, including cryptocurrencies. However, analysts at Saxo Bank said cryptocurrency miners could benefit as the tariffs could lead to lower prices for bitcoin mining equipment outside the US. Tariffs could push up...
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Swedish MPs propose including BTC in the country's foreign exchange reservesRickard Nordin, a member of the Swedish parliament, submitted a written question to the finance minister suggesting that bitcoin be included in the country's foreign exchange reserves. In his question, Nordin pointed out that some countries such as El Salvador have listed bitcoin as a legal tender, and central banks around the world continue to discuss the impact of bitcoin on monetary policy.
According to reports, Riksbank governor Erik Thedéen previously said in March 2024 that bitcoin has no...
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11:14 2025-04-09
Ministry of Commerce: Shield artificial intelligence companies and other 6 US companies included in the list of unreliable entitiesThe Department of Commerce has decided to add six entities, including Shield AI, Inc., Sierra Nevada Corporation, Cyberlux Corporation, Edge Autonomy Operations LLC, Group W, and Hudson Technologies Co., to the list of unreliable entities.
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Former US Treasury Secretary: The United States may be headed for a serious financial crisisFormer US Treasury Secretary Summers said that the United States may be heading for a serious financial crisis. (Jin Ten)
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FDT responds to Sun Yuchen's accusation: 500 million USD TUSD transfer is at the request of Techteryx to invest in commoditiesOn April 9, according to Bitcoin.com reports, the controversial stablecoin issuer First Digital Trust (FDT) recently responded to the allegations of Tron founder Justin Sun, saying that its transfer of over 500 million US dollars of TUSD reserve funds to the Dubai ARIA fund was carried out in response to the investment instructions of its partner Techteryx. FDT said that these funds transfers, which are characterized as "commodity investments", were completed in multiple transactions, and disclo...
11:08 2025-04-09
BTC falls below $76,000The market shows that BTC has fallen below $76,000 and is now quoted at $75,994.98, a 24-hour decline of 3.84%. The market is volatile, so please do a good job in risk control.
11:05 2025-04-09
Spot gold fell $7 short-term to $3,038 an ounceSpot gold fell $7 short-term to $3,038 an ounce.
11:05 2025-04-09
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11:02 2025-04-09
BTC falls below $77,000The market shows that BTC has fallen below $77,000 and is now reported at $76,994.21, a 24-hour decline of 2.53%. The market is volatile, so please do a good job in risk control.
11:02 2025-04-09
The tariff rate on all imports originating in the United States has been increased from 34% to 84%.On April 8, US Eastern Time, the US side will impose a so-called "reciprocal tariff" of 34% on Chinese imports previously announced, further increasing by 50% to 84%.
The Tariff Commission of the State Council today announced that from 12:01 on April 10, it will adjust the additional tariff rate stipulated in the "Announcement of the Tariff Commission of the State Council on the Importation of Tariffs on Imports Originating in the United States" (Announcement No. 4 of 2025 of the Tariff Commissi...
10:56 2025-04-09
Thailand Amends Law to Strengthen Regulation of Foreign Cryptocurrency P2P Trading PlatformsAccording to Cointelegraph, the Thai cabinet passed a resolution on April 8 approving amendments to the relevant laws on digital asset business and cybercrime prevention. The new regulations will restrict the operation of foreign cryptocurrency peer-to-peer (P2P) trading platforms in Thailand, and violators can be fined up to $8,700 and imprisoned for up to three years.
The new regulations require crypto asset service providers (CASPs) to collect and report transaction information related to onl...
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