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APT and STRK: Comment and Price Analysis 06.03.2025
APTSupport and Accumulation Zones The critical support zones for APT stand out as $6.3509 - $5.8643. This zone has been a strong accumulation area in the past and is a level that buyers are heavily interested in. As long as these levels are maintained, the price can be expected to continue its uptrend.Previous increases from this zone created strong momentum up to $16 - $20. If buyer appetite continues, a similar scenario may occur again.Uptrend Scenario and Resistance Zones:• $7.9452: Short-term intermediate resistance level. Exceeding this level may accelerate the rise.• $11.2831 - $12.0436: Strong resistance zone, the price may encounter intense interest from sellers when it reaches this level. Here, buyer demand prevails, which will allow the price to reach new highs.If this level is exceeded by strong buyer pressure, we can see that APT can move towards new ATH levels.Macro Factors and ETF Factor:One of the most important developments that can affect the long-term price movement for APT will be the ETF applications and acceptance process. New funds that will enter the crypto market can create great price movement in potential projects like APT. Therefore, the ETF process should be considered as a factor that will reshape the price frequency.• $6.3509 - $5.8643: Critical support and accumulation zone (If this zone is maintained, the bullish scenario is active).• $7.9452: Important intermediate resistance for the rise, exceeding this level can accelerate the rise.• $11.2831 - $12.0436: The region with seller density, if buyer pressure prevails at this level, the ATH target may come into play.If APT breaks the $7.9452 level and stays there, it is likely to test the $11 area and then target new highs.STRKSupport and Demand Zones It is critical for Starknet to maintain the $0.1811 - $0.1611 support zone for the price to continue its upward momentum. This zone is a demand area where buyers are active and holding at these levels will support the bullish scenario.Uptrend and Resistance Zones $0.2234 - $0.2756 - $0.3087 If the price breaks these resistance zones, we can see increased buyer interest. Especially daily closes above $0.3087 could be the beginning of a larger uptrend. $0.4238 - $0.4767 Volatile movements can be expected when the price reaches this resistance zone. Daily closings in this area will pave the way for strong upward movements. The $0.6620 level is a major resistance area and pullbacks may occur from this area. However, if buyer superiority continues here, a movement towards the $1 level can be expected.• $0.1811 - $0.1611: Strong demand area (If this area is maintained, the bullish scenario is active).• $0.2234 - $0.3087: The first resistance line, if it is exceeded, the rise may accelerate.• $0.4238 - $0.4767: The area where volatile movements are expected, daily closings will be critical here.• $0.6620: Pullbacks to the resistance lines gained may occur, and exceeding this area may take STRK back to the $1 level.For now, if STRK holds on to critical support levels, we can see the resistance areas being tested one by one. Especially movements above $0.3087 will allow STRK to catch a strong trend.These analyses, which do not offer investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the user is entirely responsible for trading and risk management. In addition, it is strongly recommended to use stop loss for shared transactions.Author: Altar
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6 Mar 2025
Bitwise has filed for an APT ETF.
There has been a remarkable development in the cryptocurrency market. Bitwise, one of the pioneers in digital asset management, has applied for a spot exchange-traded fund (ETF) for the popular altcoin Aptos (APT). The application, submitted to the US Securities and Exchange Commission (SEC) on March 5, is considered a new step in the integration of traditional investment vehicles into the crypto ecosystem.Bitwise's Aptos Move: A New Player in the Crypto ETF MarketBitwise submitted the S-1 application form to the SEC for the Aptos ETF last week. This move reveals the company's interest in altcoin ETFs and shows that Aptos is increasingly gaining importance in the investment world. In fact, the establishment of the Aptos ETF foundation in Delaware on February 28 was a sign that this process was planned in advance.Details such as which exchange the ETF will be traded on, what its ticker will be, and how transaction fees will be determined have not yet been clarified. However, it was shared that Bitwise chose Coinbase Custody as its custody service provider during the application process.In order for the Aptos ETF to be approved, Bitwise only needs to file an S-1 application. The company also needs to file a 19b-4 application for the SEC to initiate the official assessment process. It usually takes up to 240 days for the SEC to complete this process. If the application is approved, investors will be able to invest in Aptos directly through the spot ETF.The Impact of the Aptos ETF on the Market and Investor ReactionBitwise's ETF move had a great impact on the market. Aptos' price increased rapidly after the announcement, gaining 15%. In the last 24 hours, APT's price reached $6.48, while its market value exceeded $3.8 billion. This increase revealed the positive reaction of investors to ETF applications.Bitwise is a very active player in the crypto ETF field. The company, which currently manages Bitcoin (BTC) and Ethereum (ETH) spot ETFs, has also applied for Solana (SOL), XRP (XRP) and Dogecoin (DOGE) ETFs in recent months. The Aptos ETF application shows that the company is also seriously considering altcoin projects in its investment strategy.A Bitwise spokesperson said in a statement on the subject, “We believe Aptos has great potential in the blockchain world. For this reason, we are working to offer investors an ETF that can provide access to Aptos.”A New Era for the Crypto MarketSpot ETFs, which make it easier for traditional investors to access cryptocurrencies, have the potential to create a major transformation in the market. While it is observed that interest in this area has increased with the approval of Bitcoin and Ethereum ETFs, crypto investment products can be expanded to a wider range with the launch of altcoin-based ETFs.Bitwise’s Aptos ETF application is seen as a significant development not only for individual investors but also for institutional investors. If approved by the SEC, Aptos will be one of the first altcoin-based ETFs traded in traditional markets.The SEC’s decision in the upcoming period will be of great importance not only for Aptos but also for the crypto market in general. If approved, this step could accelerate the integration of the crypto ecosystem with the traditional financial world and enable more investors to turn to crypto assets.Author: Besim Şen
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6 Mar 2025
Bitcoin Revolution in New Hampshire: Reserve Law Passed by the House Committee!
There has been a development that has caused great repercussion in the cryptocurrency world. In the US state of New Hampshire, a bill that aims to accept Bitcoin as a state reserve asset has passed the House Committee with an overwhelming majority. The bill, which was accepted by a vote of 16 to 1, represents a revolutionary change in the state's approach to Bitcoin.So, what exactly does this bill cover? What does it mean for New Hampshire?What Does New Hampshire's Bitcoin Reserve Bill Cover?The bill being discussed in the New Hampshire House of Representatives allows the state treasury to hold a portion of its reserve assets as Bitcoin. In other words, the state will be able to consider Bitcoin as a savings vehicle along with traditional reserve assets such as cash and government bonds.Supporters of this bill draw attention to the advantages that Bitcoin offers as a long-term store of value. It is argued that Bitcoin could increase the state's financial stability, given the inflation and economic uncertainties experienced in the traditional financial system.The politicians who support the bill believe that Bitcoin’s limited supply and decentralized nature could strengthen state reserves. While supporters claim that Bitcoin could provide the state with financial independence in the long term, critics say that this move could be risky due to its high volatility.Why Does New Hampshire Want to Adopt Bitcoin?New Hampshire is known as one of the cryptocurrency-friendly states in the US. The state, especially known as the “Libertarian State,” has an open stance against financial innovation and decentralized systems.New Hampshire’s long-standing interest in digital assets played a major role in the introduction of this bill. The state has previously developed various Bitcoin-friendly policies and encouraged the adoption of blockchain technology.New Hampshire previously established a Blockchain Working Group to investigate cryptocurrency regulations and how digital assets could be used in the state. Now, with Bitcoin being accepted as a reserve asset, it is preparing to sign a first in the US.Historic Vote in House Committee: Victory 16-1!In the vote held in the Financial Services Committee of the New Hampshire House of Representatives, the bill was approved by an overwhelming majority of 16-1. This proves that the state has shown serious interest in Bitcoin.While the committee members discussed the advantages that Bitcoin offers over traditional reserve assets, they particularly emphasized the long-term investment opportunities of digital assets. The vast majority in the vote revealed that they believe Bitcoin can strengthen the New Hampshire economy.Following this decision, the bill will be voted on in the full House of Representatives and, if approved there, it will move to the Senate. If it passes all stages, New Hampshire could become the first state in the US to accept Bitcoin as an official reserve asset.How Could Bitcoin Affect New Hampshire?New Hampshire’s Bitcoin reserve law is a significant development that could shape not only a state’s economic strategy, but also cryptocurrency regulations in the US. If the bill wins final approval, it could mark the beginning of a new era in the financial world, with Bitcoin officially recognized as a reserve asset.This process will be a major test for cryptocurrency investors, regulators, and other states. If New Hampshire proves that Bitcoin can be used as a state reserve, it could pave the way for similar policies to spread across the U.S. and even around the world.All eyes are now on the final vote in the House of Representatives! We will all see what role Bitcoin will play in New Hampshire’s economic future.Author: Besim Şen
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6 Mar 2025
Belarus is Turning to Cryptocurrency Mining
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6 Mar 2025SEC and Circle: Discussions on USDC Payment Stablecoin Regulations
The U.S. Securities and Exchange Commission (SEC) met with Circle Internet Financial to discuss the regulation of payment stablecoin USD Coin (USDC) and other crypto assets. This meeting is of great importance due to the rapid growth of the cryptocurrency market and the increasing role of stablecoins in the financial system.Circle’s Regulatory ApproachCircle is known for its emphasis on transparency and regulatory compliance. The company plays an active role in regulating crypto assets in the U.S. and supports the integration of stablecoins into the financial system. CEO Jeremy Allaire stated that the U.S. needs new legal definitions for digital assets and that Circle hopes to be regulated by the U.S. Federal Reserve.A New Era in Crypto RegulationThe growing interest in regulating crypto assets in the U.S. is reshaping the role of stablecoins in the financial system. This meeting between the SEC and Circle is seen as an important step in the regulation and adoption of stablecoins. In addition, Circle’s plans for an IPO in the US and the positive expectations for crypto companies to go public are noteworthy for the future of the sector.The talks between the SEC and Circle are a significant milestone in regulating USDC and other crypto assets. These steps could accelerate the integration of stablecoins into the financial system and contribute to the wider adoption of the cryptocurrency market.Author: Besim Şen
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6 Mar 2025
Sui Token and World Liberty Financial Established a Strategic Partnership
There has been a development that has caused great resonance in the crypto market. World Liberty Financial (WLF) announced that it has partnered with Sui Token as part of its strategic growth plans in the digital finance world. This agreement was announced just before the Crypto Summit at the White House, creating great movement in the market.This partnership makes a great contribution to the Sui ecosystem, and is also associated with Trump-related financial reserve moves. With the announcement of the news, Sui's trading volume has also increased significantly.Details and Importance of the AgreementWorld Liberty Financial is a company that provides digital financial services globally and is increasingly adopting blockchain technology. This collaboration with Sui aims to both strengthen decentralized finance (DeFi) solutions and accelerate the process of officially accepting digital assets as reserve assets in the US.One of the most important points of this agreement is that Sui Token will be among World Liberty Financial's reserve assets. This shows that the traditional financial system has started to embrace next-generation blockchain projects like Sui.World Liberty Financial officials stated that this partnership will accelerate institutional adoption of the digital asset market and lead to radical changes in the financial system.Increase in Sui Token Price and Its Effects on the MarketThe news of this strategic partnership caused a sudden increase in the Sui price. Following the announcement:Sui gained 14% and its market volume increased rapidly.Investor interest increased and large transaction volume movements were observed.It was started to be talked about that it could start a new era in the cryptocurrency market that attracts the attention of institutional investors.In particular, this statement, which came just before the Crypto Summit in the White House, is interpreted as a strategic move to expand the role of digital assets in the US financial system.What is Expected in the Future for Sui?Sui Token's partnership with World Liberty Financial could be a harbinger of wider institutional adoption. Market analysts think that this move could be a major turning point not only for Sui but also for the crypto market in general.As the US accelerates its adoption of digital assets as strategic reserves in conjunction with the crypto summit at the White House, projects like Sui are becoming more important.This partnership is seen as the beginning of a transformation in the financial world and could lead to the growth of the cryptocurrency market with more institutional adoption in the coming months.Author: Besim Şen
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6 Mar 2025
The Texas Senate Approved the Bitcoin Strategic Reserve Bill.
Texas, one of the most prominent states in the US with its crypto-friendly policies, has taken a critical step towards adding Bitcoin to its official reserve assets. The Texas Senate overwhelmingly approved the Bitcoin Strategic Reserve Act (SB 2334) on March 7, 2025. The law will allow the state to create and store Bitcoin reserves.Scope and Purposes of the LawThis bill requires the state of Texas to create, manage, and securely store a Bitcoin strategic reserve. The main goals are:Economic Security: Texas aims to position Bitcoin as a store of value and alternative reserve asset. While the US dollar is subject to inflation, Bitcoin can provide long-term security due to its limited supply.Financial Independence: The law aims to reduce the state’s dependence on the federal government’s policies and create its own economic reserve strategy.Using the Power of Crypto Mining: Texas is one of the largest Bitcoin mining centers in the US. The bill would strengthen the state’s integration with the mining industry and encourage the creation of Bitcoin reserves through partnerships with mining companies.Bitcoin-Friendly Regulations: The state’s crypto industry incentives are also aimed at attracting investors and blockchain companies to Texas.Passage of the Bill and SupportersThe Bitcoin Strategic Reserve Act (SB 2334) received widespread support in the Texas Senate and passed with a strong vote. The bill’s main sponsors include Senator Tan Parker and other crypto-friendly lawmakers. The bill has been sent to the Texas House of Representatives, where it will take effect if passed.“Texas must establish a Bitcoin strategic reserve to protect its financial sovereignty and prepare for the future,” Senator Tan Parker said in a statement after the bill was passed. “This legislation will not only increase our economic independence, but will also ensure that our state is a pioneer in digital assets.”Bitcoin advocates and business leaders in Texas also see the passage of the bill as a major victory. The crypto community believes that this move could inspire other states in the US.Texas’ Bitcoin StepTexas’ Bitcoin Strategic Reserve Act is not just a state policy, but also a significant development in the national and global financial world. Texas could accelerate the US’s adoption of crypto as a tool for financial independence and lead other states to enact similar legislation.All eyes now turn to the next stage, where the bill will be voted on in the Texas House of Representatives. If fully passed, Texas would officially become one of the first states to hold a Bitcoin reserve, and it could be the beginning of a revolutionary financial shift in the US.
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6 Mar 2025
The U.S. Strategic Bitcoin Reserve Decision and Crypto Summit: A Historic Turning Point!
US President Donald Trump officially launched the creation of the Strategic Bitcoin Reserve with the executive order he signed on March 6, 2025. With this step, Bitcoin gained the same legal status as gold and oil. According to the statement made by the White House, the US government will keep the 200,000 BTC it holds as a reserve and will not sell these assets.However, this is just the beginning for the US! The "Crypto Summit" to be held at the White House today at 21:00 (GMT+3) will determine the future of Bitcoin and digital assets. Under the leadership of President Trump, the Treasury Secretary, the Minister of Economy and leading names in the crypto market will discuss the financing details of the US's additional Bitcoin purchases and crypto reserves.This decision had a great impact on global financial markets. Considering that MicroStrategy founder Michael Saylor holds 500,000 BTC alone, it is very clear that the US's 200,000 BTC reserve will not remain at this point. However, this is considered the beginning of a revolution in the financial system.So what will happen now?Seeing that the US has officially created a Bitcoin reserve, companies, financial institutions and even countries will take action to add Bitcoin and altcoins to their reserves. The acceptance of digital assets at the institutional and state level will accelerate. In addition, altcoins will be included in the strategic reserve system with the creation of the US Digital Asset Stock.We are currently in the middle of a financial revolution. The crypto market is witnessing a turning point in history! BTC Author: Besim Şen
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6 Mar 2025
Daily Market Summary with JrKripto 6 March 2025
You can access the "Daily Market with JR Crypto" summary, where we compile daily important developments in cryptocurrency, global and local markets, below.Come on, let's analyze the general situation in the markets together and take a look at the most up-to-date evaluations.Bitcoin (BTC) is currently trading at $ 90,860. While the $ 90,700 region stands out as an important support point, a pullback to the $ 89,000 region can be seen below this level. In upward movements, $ 96,000 is followed as a resistance point. If BTC can exceed this level, it can gain upward momentum towards levels of $ 98,500 and above.Ethereum (ETH) is currently trading at $ 2,285. While the $ 2,260 level stands out as the first support point, there is a risk of a pullback to $ 2,200 if this level is dropped below. In upward movements, the $ 2,550 resistance will be followed as a critical region. If this level is broken, ETH could gain momentum towards the $2,650 level.Crypto NewsNew Hampshire’s Bitcoin reserve bill (HB302) was approved by a 16-1 vote in a House committee.SEC Meets with Circle Internet Financial to Discuss Regulation of Crypto Assets Including USDC Payment StablecoinBelarusian President Lukasheko calls for crypto miningBitwise files for APT ETFRobinhood to list Arbitrum (ARB)CryptocurrenciesTop GainersFARTCOIN → Up 25.6% to $0.331502WEMIX → Up 20.7% to $0.57311053MOVE → up 17.3% to $0.47735783.ONDO → up 14.3% to $1.17.CHEX → up 14.1% to $0.32025903.Top FallersPTGC → down 9.6% to $0.00061784.KAITO → down 8.5% to $1.71.VIRTUAL → down 6.2% to $0.84323039.MKR → down 6.2% to $1,346.26.AI16Z → down 6.2% to $0.28229599.Total Daily Net ETF InflowsBTC ETFs: $22.10METH ETFs: -$63.30MData to Watch Today14:00 / Turkey - One Week Repo RateExpected: 42.50%Previous: 45.00%14:00 / Turkey - Overnight Borrowing RatePrevious: 42.00%16:30 / US - Unemployment ClaimsExpected: 234KPrevious: 242KGlobal MarketsUS stock markets rose strongly after it was announced that cars from Canada and Mexico will be exempt from 25% customs duties for one month. The S&P 500 gained 1.12%, the Dow Jones gained 1.14%, and the Nasdaq gained 1.46%. While 9 out of 11 sectors in the S&P 500 increased, the best performance was seen in raw materials, discretionary consumption, and industrial stocks. The infrastructure and energy sectors were under selling pressure.The ADP private sector employment data announced in the US increased by 77 thousand, falling short of expectations of 141 thousand, and fell to its weakest level in the last 7 months. Employment in small businesses fell, while job losses were experienced in the trade, transportation, health, education, and information sectors. Despite this, the service sector maintained its strength. The ISM service index rose to 53.5 in February. While the new orders and employment sub-indices remained in expansion territory, the price index was measured above 60 for the last three months in a row.In the oil market, prices were under pressure due to the OPEC+ decision to increase supply in April and the impact of Donald Trump's trade policies. US crude oil inventory data exceeding expectations also supported the decline. As a result, oil prices are trading at their lowest levels in the last six months.Asian stock markets are on a positive track, led by technology stocks in particular, while European stock markets are also expected to start the day with an increase.Most Valuable Companies and Stock PricesApple (AAPL) → Market value $3.54T, price per share $235.74Microsoft (MSFT) → Market value $2.98T, price per share $401.02NVIDIA (NVDA) → Market value $2.86T, price per share $117.30Amazon (AMZN) → Market value $2.21T, price per share $208.36Alphabet (GOOG) → Market value $2.12T, price per share $174.99Borsa IstanbulThe CBRT is expected to cut the policy rate by 250 basis points today to 42.5%. The European Central Bank (ECB) interest rate decision and weekly unemployment benefit applications in the US will be followed abroad. The ECB is also expected to cut interest rates by 25 basis points.BIST-100 index rose above 10 thousand yesterday with strong purchases, achieving its highest closing in the last three months. While holding, aviation, retail and iron and steel stocks contributed to the increase, the banking sector showed a more limited performance. Today, stock-based volatility is expected to increase after the TCMB's interest rate decision.Technically, the index is on a strong course and the 10197-10276 band is the resistance zoneIt is being monitored as. Exceeding this level may support the continuation of the rise. In upward movements, the levels of 10569 and 11156 may come to the agenda. In possible pullbacks, the levels of 10030, 9963 and 9895 will be monitored as support. While the opening is expected to be bullish, activity may increase after the TCMB interest rate decision.Stocks That Increased the Most:DSTKF → increased by 10.00% to 115.50 TL.DAGHL → increased by 9.99% to 33.02 TL.AVHOL → increased by 9.98% to 38.12 TL.BULGS → increased by 9.96% to 23.84 TL.KSTUR → increased by 9.95% to 4,640.00 TL.Stocks That Declined the Most:TNZTP → -37.84% down to 30.68 TL.AKYHO → -9.97% down to 3.43 TL.TRILC → -9.97% down to 24.38 TL.PEHOL → -9.95% down to 15.48 TL.SKYMD → -8.70% down to 19.83 TL.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 919.58 billion TL market value, 285.00 TL per share price, +3.83% increase.Türkiye Garanti Bankası (GARAN) → 578.34 billion TL market value, 139.6 TL per share price, +0.07% increase.Aselsan Elektronik Sanayi (ASELS) → 463.75 billion TL market value, 108.4 TL per share price, +2.85% increase.Turkish Airlines (THYAO) → 437.81 billion TL market value, 327.25 TL per share price, +0.31% increase.Koç Holding (KCHOL) → 384.7 billion TL market value, 162.6 TL per share price, +0.81% increase.Precious Metals and Currency PricesGold: 3418 TLSilver: 38.16 TLPlatinum: 1132 TLDollar: 36.42 TLEuro: 39.42 TLHoping to meet again tomorrow with the latest news!Author: Besim Şen
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5 Mar 2025
Major Crypto Victory: Senate Votes to Remove IRS DeFi Reporting Rule
A critical development has occurred for the cryptocurrency markets and the decentralized finance (DeFi) sector. On March 4, the US Senate took a significant step towards repealing a controversial crypto reporting requirement that was enacted during the Biden administration. Senators voted 70-27 to repeal the regulation that required DeFi protocols to submit mandatory reports to the US Internal Revenue Service (IRS).A Critical Turning Point for CryptoThis rule, introduced during the Biden era, aimed to expand the IRS’ reporting obligations. It was required to report income from crypto sales to brokers and tax information of investors involved in these transactions, including decentralized exchanges. However, experts in the sector argued that this was impractical in practice and contrary to the nature of DeFi.Eli Cohen of Centrifuge said that this regulation “never made sense and has no real-world application,” and that the repeal was a timely decision.House of Representatives and President Trump Approval RequiredThe Senate’s move follows a similar initiative in the House of Representatives. Although House members took steps to repeal the regulation on February 26, it has not yet been put to a floor vote.In order for this decision to become law, it must first be approved by the House of Representatives and then signed by President Donald Trump. Trump’s AI and crypto advisor David Sacks announced that the president supports repealing this regulation.A Major Victory for the IndustryThe Senate’s decision is considered the first major test of the most crypto-friendly Congress in the US so far. Kristin Smith, CEO of The Blockchain Association, stated that the decision is a major victory for the DeFi ecosystem and the US crypto sector. It is stated that this development is an important sign that a more balanced approach can be adopted among policymakers in Washington regarding crypto regulations.Financial Freedom or Consumer Protection?On March 4, the Senate also voted to repeal a Consumer Financial Protection Bureau (CFPB) regulation affecting fintech payment apps.Senate Majority Leader John Thune emphasized that these steps are part of an effort to correct overregulation and are aimed at restoring financial freedom. Supporters of the CFPB rule, on the other hand, argue that the regulation provides critical protections for consumers, while critics argue that it imposes unnecessary burdens on developers.US Crypto Policy is ReshapingThese decisions taken by the US Senate mark a critical turning point in the future of regulation in the crypto and fintech sector. Crypto-friendly policies and regulatory clarity can strengthen the US’s position in the global crypto market. However, these changes cannot be made official without the approval of the House of Representatives and President Trump.The developments that will take place in the coming days are of great importance for the future of US cryptocurrency policies. In particular, the vote in the House of Representatives and the decision made by President Trump will be decisive for the sector.Author: Furkan
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5 Mar 2025
"Trump will unveil the Bitcoin Reserve Strategy at the White House Crypto Summit."
US Commerce Secretary: Trump to Announce Bitcoin Reserve Strategy at White House Crypto Summit!A historic turning point is taking place in the crypto world! On March 7, 2025, US President Donald Trump will announce the country's Bitcoin reserve strategy at the Crypto Summit to be held at the White House. This critical statement was confirmed by the US Commerce Secretary and is expected to have major repercussions in the global financial system.March 7: A Revolutionary Day in the Financial SystemMarch 7, 2025 will now be an unforgettable day for cryptocurrency markets and the traditional financial world. This move, which became clear with the statement of the US Commerce Secretary, shows that the US will approach Bitcoin as an official reserve asset. The Trump administration will clearly reveal the role that digital assets will play in the country's economic future.This move is considered as part of the US's plans to strengthen its position on the global financial scene. This step to be taken regarding the integration of the traditional dollar-based reserve system with digital assets could also change the status of Bitcoin in international trade.The Trump Administration's View of Crypto: A New Economic ModelDonald Trump had signaled during his election campaign that he would take a more moderate approach to cryptocurrencies. However, the Bitcoin reserve strategy to be announced at the White House Crypto Summit will be a step that will prove that it is not just a rhetoric. This decision could be the beginning of a digital transformation in the US financial system.Economists and market analysts have already begun to discuss the effects of this strategy on the US economy. Accepting Bitcoin as a national reserve is considered a new tool in combating inflation and strengthening the dollar's global position.Global Impacts: Initial Reactions from China and EuropeThe Trump administration's Bitcoin reserve strategy announcement will shake not only the US markets but also the global economy. How central banks in China and Europe will respond to this move is a matter of great curiosity.The European Central Bank and the People's Bank of China have previously made harsh statements regarding the use of Bitcoin in international trade. However, with this move by the US, a new balance may be formed in the global financial system.Markets Have Already Started to React!Following this announcement, great movement is observed in cryptocurrency markets. The Bitcoin price rose immediately after the news leaked and is interpreted as the beginning of a new bull market for crypto investors.The US accepting Bitcoin as a reserve asset means a historic change for central banks. This move strengthens Bitcoin's position as a reliable store of value and may also lead to the reshaping of the traditional financial system.March 7, the Beginning of a New Era!This development, which was confirmed by the statement of the US Secretary of Commerce, will make March 7 a turning point in financial history. The announcements to be made at the White House Crypto Summit will have a great impact on both the US and global markets. The world must now redefine the role of digital assets in the financial system.Author: Besim Şen
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5 Mar 2025
SEC Closes Yuga Labs Investigation
The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Yuga Labs without filing any charges. This is seen as a major legal victory for Yuga Labs, the creator of Bored Ape Yacht Club (BAYC) and other popular NFT collectibles. So what does this decision mean for the NFT market and the crypto ecosystem at large?Why Did the SEC Investigation Begin?The SEC began investigating whether Yuga Labs violated securities laws in 2022 through its Bored Ape Yacht Club NFTs and ApeCoin (APE) token. Regulators have been evaluating whether NFTs and related tokens qualify as securities for investors. In particular, the issue of whether NFTs can be considered securities has sparked considerable debate.What Does the Closing of the Investigation Mean?The fact that the SEC closed the investigation without bringing any charges indicates that it has not made a clear decision regarding the classification of NFTs as securities. This situation has provided great relief for the NFT market. NFT and its Effects on the Crypto MarketThis decision may increase investor confidence by reducing potential regulatory threats to the NFT sector. Yuga Labs' successful passage through this process also sets a positive precedent for other NFT projects in the sector. In particular, the fact that the SEC does not impose any penalties or sanctions may also mean relief for other major NFT platforms. However, this decision does not mean that NFTs will never be considered securities in the future. SEC A Major Turning Point for the NFT WorldThe SEC's closing of the investigation may have eliminated one of the biggest uncertainties regarding regulations in the NFT ecosystem. However, it is likely that regulatory bodies will set clearer rules regarding NFTs and crypto assets in the future. Although this decision has temporarily put to rest the debate over whether NFTs are investment vehicles, the direction the sector will take in the future remains uncertain.For Yuga Labs and the NFT industry, this decision can be considered not only a legal victory, but also an important opportunity to create a market with more solid foundations in the future.Author: Besim Şen
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4 Mar 2025
US-China Trade Tension Rekindled: China Responds Harshly to Trump's Statements
US President Donald Trump’s recent statements have brought global trade wars back to the agenda. Trump announced that new tariffs will be imposed on some imported products in order to protect the US economy. His announcement that a 25% customs duty will be imposed on some products imported from Mexico and Canada in particular had an immediate impact on global markets. This move had a great impact not only in the US but also in the global trade arena.China’s Retaliation: New Customs Duties on Agricultural ProductsChina, which responded quickly to Trump’s statements, announced that it will impose an additional customs duty of up to 15% on some products imported from the US. The agricultural sector is particularly notable among the products to be taxed. By imposing additional duties on strategic agricultural products such as chicken and soybeans, the Chinese government has made a move that will put US farmers in a difficult situation. Since agriculture is a sector that has an important place in Trump’s election campaign, it is also considered that this step carries a political message.China’s move is actually a direct response to a statement Trump made in recent weeks. The US President had announced that an additional 10% customs duty would be imposed on all products imported from China. China's counterattack shows that the trade wars will not end in the short term and that tensions will continue.Impact on Global Markets: Sharp Decline in Stock MarketsThese mutual sanctions moves had a major impact on global markets. While stock indices began to decline, investors began to move away from risky assets due to uncertainty. While stock indices entered a sell-off in the US, bond yields declined. At the same time, the Mexican peso and the Canadian dollar also lost value in response to these developments.Technology stocks in particular were negatively affected by these developments. China imposed new restrictions on the export of critical minerals in response to the sanctions imposed on it by the US in the field of chips and artificial intelligence. These restrictions imposed on rare earth minerals, which are used in many sectors from smartphones to missile systems, could affect many sectors, especially US technology companies.The Re-Emergence of the US-China Trade WarThe ongoing economic tension between Trump and the Chinese government is actually a continuation of the long-standing trade wars. Trump, in his first term in office, pursued many sanctions policies against China and aimed to strengthen the US economy by reducing imports from China. However, China's retaliation and reactions in global markets made it difficult for these policies to yield the expected results.The escalating trade wars between the US and China continue to deeply affect not only these two countries but also the global economy. Investors and large companies in particular are carefully evaluating how to act in an environment of uncertainty. The Trump administration's new economic steps and counter-moves from China will be closely monitored in the coming days.During this process, volatility in the markets may continue and changes may occur in the global trade flow. Whether the US-China tension will increase further will depend on both economic and political developments.Author: Besim Şen
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4 Mar 2025
Major Step for Dogecoin ETF: Bitwise Awaits SEC Approval
One of the notable developments in the crypto market was Bitwise Asset Management’s application for a spot ETF for Dogecoin. Bitwise filed its 19b-4 application through NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE). If approved, the Dogecoin ETF will be one of the first memecoin ETFs listed in the US.How Will the Dogecoin ETF Work?This ETF will offer investors the opportunity to invest in Dogecoin without directly owning it. The fund, which will be managed through a trust structure, will be managed by Bitwise. Coinbase will act as the fund’s Dogecoin custodian, while Bank of New York Mellon (BNY Mellon) will handle cash management and record keeping.One of the most important features of the ETF will be that it will directly track Dogecoin’s price movements and directly store Dogecoin without using derivatives. The net asset value (NAV) will be calculated based on the CF Dogecoin-Dollar Settlement Price, so the value of the fund will move in line with the market price.SEC Decision and CompetitorsBitwise is not the only company to apply for a Dogecoin ETF. Grayscale, Rex Shares, and Osprey Funds have also filed similar applications, intensifying the ETF competition in the memecoin market. Grayscale’s application, in particular, is at a more advanced stage in the regulatory process. The SEC officially evaluated Grayscale’s Dogecoin ETF application on February 13.The probability of the Dogecoin ETF application being approved in the markets is increasing. According to the data, the probability of the ETF being approved in 2025 has increased to 67%. This rate was at 55% the day before, indicating that investors’ expectations are increasing.Bitwise’s Dogecoin ETF application shows that memecoins are increasingly gaining ground in the traditional financial world. The approval process and the decision of the SEC should be followed closely.Author: Besim Şen
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4 Mar 2025
U.S. Treasury Secretary Scott Bessent: "We are determined to lower interest rates."
US Treasury Secretary Scott Bessent emphasized on Tuesday that the Trump administration is determined to lower interest rates and that this step will be a critical move for the American economy. Stating that interest rate cuts will ease the financial pressure on households and encourage economic growth, Bessent said that markets also have confidence in this policy.These statements have had a great impact, especially in terms of interest rate expectations from the US Federal Reserve (Fed) and the markets. Because financial markets have reached a strong expectation that there will be at least three interest rate cuts in 2025.Interest Rate Cuts and Their Effects on the EconomyBessent's emphasis in the interview he gave to Fox News shows that the US economy has entered a critical period. The minister stated that lowering interest rates in the first weeks of the Trump administration's second term will be considered a success. The decline in mortgage interest rates in particular is seen as an indicator of the market's confidence in the new administration's policies.Another issue Bessent drew attention to was the decline in US Treasury bond yields. It is stated that the decline in 10-year bond yields may also be related to the loosening of tight regulations in the financial sector.However, inflation is still an important factor. The increase in the annual inflation rate to 3% is considered as a development that may affect the Fed's interest rate cut decisions.Expectations of Three Interest Rate Cuts from the Fed in 2025 are Getting StrongerAccording to market data and traders' positions, expectations of three interest rate cuts in 2025 are getting stronger.Reasons Behind the Interest Rate Cut ExpectationThere was a larger than expected decrease in consumer spending in January 2025.Inflation data announced in February showed that the pace of price increases slowed.The slowdown in economic growth may require the Fed to bring interest rate cuts to an earlier date.According to traders' expectations:The first interest rate cut is expected in June 2025.Additional interest rate cuts may be made in September and December.Futures markets have also adapted to these expectations. Investors who previously saw a low probability of a rate cut in 2025 are now pricing in the Fed cutting rates three times this year.How Will Rate Cuts Affect Crypto and Financial Markets?Rate cuts in the US could have a major impact not only on traditional markets but also on Bitcoin and cryptocurrency markets.Bitcoin, in particular, can become a strong investment tool in low interest and high inflation environments due to its being seen as “digital gold.” It would not be surprising for crypto markets to experience movement along with expectations of rate cuts.Scott Bessent’s rate cut commitment provides important clues about the direction of economic policies for 2025. The Trump administration wants to encourage economic growth by lowering interest rates. However, inflation and other economic factors continue to be critical elements that will directly affect the Fed’s decisions.Author: Besim Şen
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4 Mar 2025