2025 crypto trading and market thread

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Just bouncing with the markets. I think this could last a few days to get all the BTFD's back into the fold to steal their cash again.
 

Bitcoin and ether drop amid grim inflation outlook, tariff uncertainty: CNBC Crypto World​

Mar 28, 2025 #CNBC #cnbctv

On today's show, bitcoin and ether fall to end the week amid uncertainty over tariffs and a grim inflation outlook. Plus, Crypto.com CEO Kris Marszalek said that the SEC is closing its investigation into the crypto exchange, while Galaxy Digital agreed to pay $200 million in a settlement with the New York Attorney General's office over Luna investments. And, Ava Labs president John Wu weighs in on recent regulatory advancements in crypto.


11:57

Chapters:
00:00 - CNBC Crypto World, March 28, 2025
0:25 - Bitcoin and ether fall
1:08 - The headlines
5:20 - John Wu of Ava Labs
 

President Trump’s sons join crypto firm Hut 8 to launch bitcoin mining company: CNBC Crypto World​

Mar 31, 2025 #CNBC #cnbctv

On today’s show, crypto prices are mixed to begin the week. And, President Trump granted pardons to three co-founders and a former employee of the BitMEX crypto exchange, while Hut 8 announced Eric Trump and Donald Trump Jr. invested in a new bitcoin mining company called American Bitcoin, which is controlled by the crypto infrastructure firm. Plus, Paul Veradittakit, managing partner at Pantera Capital, and Amber International CEO Wayne Huo discuss the Hong Kong based company’s Nasdaq listing.


11:31
 
Bitcoin might face some headwinds as FDUSD faces some challenges. I posted details in the stablecoins thread:

pmbug

Post in thread 'Stablecoins'

Congress is debating stablecoin legislation. Meanwhile FDUSD is having issues...

Key Takeaways
  • Justin Sun said First Digital Trust is insolvent and called on users to withdraw funds and regulators to intervene.
  • The warning came hours after filings revealed Sun bailed out TUSD when $456M in reserves were frozen in unauthorized investments.
...
Click to expand...

More:
cryptobriefing.com

Justin Sun urges users to exit First Digital Trust amid insolvency concerns

Justin Sun says First Digital Trust is insolvent and urges users to secure assets after $456M in TrueUSD reserves were mismanaged.
cryptobriefing.com cryptobriefing.com
 
Boston-based Fidelity Investments, the world’s third-largest investment manager with nearly $6 trillion in assets under management (AUA) has launched new Individual Retirement Accounts (IRAs) that allow clients to invest directly in crypto. ...
Click to expand...

news.bitcoin.com

Fidelity Launches Crypto IRAs – News Bytes Bitcoin News

Fidelity Investments has launched new Individual Retirement Accounts (IRAs) that allow clients to invest directly in crypto.
news.bitcoin.com news.bitcoin.com

Fidelity's crypto IRA page:

Invest in a Crypto IRA | Fidelity

Open a Fidelity Crypto(R) IRA for a tax-advantaged way to invest directly in crypto. Discover the benefits of a Crypto IRA with Fidelity.
www.fidelity.com
 
To me it looks like a buy signal. I told my son to buy IBIT for his IRA and forget about it.
 

Bitcoin climbs while China's retaliatory tariffs push Nasdaq toward bear market: CNBC Crypto World​

Apr 4, 2025 #CNBC #cnbctv

On today’s show, Bitcoin climbs after China retaliated against President Trump’s tariffs, while stocks continue to crater following their worst day since 2020. Plus, the Senate Banking Committee advances two key pro-crypto Trump nominations: Paul Atkins for SEC chairman and Jonathan Gould for comptroller of the currency. And, Lily Liu, president of the Solana Foundation, discusses institutional adoption of the network.


11:55

Chapters:
00:00 - CNBC Crypto World, April 4, 2025
0:23 - Bitcoin climbs
1:19 - The headlines
3:51 - Lily Liu of Solana Foundation
 
Not news, just something I thought interesting. Not making a statement, just like stories like this.

Meet The Crypto Billionaire Who Helped The Trumps Make $400 Million​

Apr 5, 2025 Forbes Daily Briefing

Justin Sun loves a publicity stunt. But in bailing out Donald Trump’s crypto venture—netting the president and his family $400 million—Sun has boosted his efforts to create a global payment system, using his Tron platform, with 300 million users and counting.


5:11
 
I haven't watched the vid yet, but FYI - Justin Sun has many detractors that accuse him of all manner of shady shenanigans.
 
^^^^^^^^
From the stablecoins thread:

searcher

Post in thread 'Stablecoins'

Crypto firm Circle to end support for USDC stablecoin on Tron blockchain​

LONDON, Feb 21 (Reuters) - Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday "aligned with its efforts to ensure that USDC remained trusted, transparent and safe".

Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States.

Stablecoins are...
  • Wow

pmbug

Post in thread 'Stablecoins'

That's really interesting. Tron (TRX) is huge outside of the USA - currently #10 overall on coinmarketcap's list with a market cap of >$12B.
...
TRON was founded by Justin Sun in 2017.[1] The TRON Foundation was established in July 2017 in Singapore. The TRON Foundation raised $70 million in 2017 through an initial coin offering shortly before China outlawed the digital tokens.[2] The testnet, Blockchain Explorer, and Web Wallet were all launched by March 2018. TRON Mainnet launched shortly afterward in May 2018, marking the Odyssey 2.0 release as a technical milestone for TRON.

In...
Click to expand...

I don't know if Sun is a crook or not, but he makes for some interesting reading.

One thing I do know - the crooks of today make the crooks of yesteryear look like chump change. lol

At one-time hundreds and thousands were a big haul. Now-a-days we're looking at millions and sometimes billions.
 
Oh man, how could I forget. Actually did my first pseduo crypto trade. Of course I actually went short Bitcoin by buying a put on IBIT. Sue me bro. :eek:

I don't like BTC here and think its been badly manipulated. Just waiting for the MSTR liquidation fun.
 

Trump signs resolution killing IRS DeFi broker rule​

Update April 11, 1:46 am: This article has been updated to include more information and background on the resolution.

US President Donald Trump has signed a joint congressional resolution overturning a Biden administration-era rule that would have required decentralized finance (DeFi) protocols to report transactions to the Internal Revenue Service.

Set to take effect in 2027, the so-called IRS DeFi broker rule would have expanded the tax authority’s existing reporting requirements to include DeFi platforms, requiring them to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.

More:

https://www.msn.com/en-us/news/poli...S&cvid=993c775371c84b268efcc00ef7b78973&ei=18
 

President Trump signs bill rolling back controversial Biden-era crypto tax rule: CNBC Crypto World​

Apr 11, 2025 #CNBC #cnbctv

On today’s show, bitcoin ends the week higher, trading back above $80,000 following a volatile week for crypto and stocks. And a group of Democratic senators send a letter urging the Department of Justice to reverse its decision to disband its crypto unit. Plus, Kraken’s Thomas Perfumo explains what happened to bitcoin’s price this week amid a flurry of headlines related to global tariffs and weighed in on what investors can expect in the coming weeks.


12:17

Chapters:
00:00 - CNBC Crypto World, April 11, 2025
0:23 - Bitcoin bounces
1:28 - The headlines
3:54 - Kraken's Thomas Perfumo
 
Crypto has been getting hammered to wash out the weak hands and ETF margin calls. There is no doubt that somebody is trying to accumulate chunks at these levels.

I suppose by the summer it will start moving again?
 
nickndfl said:
Crypto has been getting hammered to wash out the weak hands and ETF margin calls. There is no doubt that somebody is trying to accumulate chunks at these levels.

I suppose by the summer it will start moving again?
Click to expand...

Until BTC/crypto breaks it's >90% correlation with stocks, I'm just going to assume that what is good for stocks is good for crypto and what is bad for stocks is bad for crypto regardless of whatever innovations or developments are occurring in the crypto space.
 
Contains link to pdf. Not too complicated, easy to skim through if interested.

www.bis.org

Cryptocurrencies and decentralised finance: functions and financial stability implications

Cryptocurrencies and decentralised finance (DeFi) aim to replicate many of the economic functions of traditional finance (TradFi), but their distinctive features introduce new financial stability risks. We analyse these features, and examine key developments, such as smart contracts...
www.bis.org www.bis.org
 
China banned cryptocurrency trading in 2021. But behind closed doors, something unexpected has been happening. Local governments have quietly built up a massive stash of digital assets – seized from criminal cases – and are now figuring out how to turn that into cash.

Here’s the twist. They’re selling it off, despite the national ban. And as billions of dollars move through these quiet crypto sales, legal experts and courts are sounding the alarm. With no clear rules in place, and so much money involved, the stakes are only getting higher.

China Offloading Crypto Through Private Firms

Despite the official ban, recent reports show that China has been quietly selling large amounts of Bitcoin. By the end of 2023, local governments held around 15,000 Bitcoin – worth roughly $1.4 billion. These sales have become an unexpected and major source of income for some regions.

So far, China has reportedly sold about 194,000 Bitcoin, worth around $16 billion. That makes it the second-largest Bitcoin holder in the world after the United States, according to data from Bitbo. It’s a sign that China is taking a mixed and strategic approach to crypto – banning it on one hand, but using it on the other.
...
Click to expand...

coinpedia.org

China Quietly Dumps $16B Bitcoin Amid Crypto Regulation Uncertainty

China banned cryptocurrency trading in 2021. But behind closed doors, something unexpected has been happening. Local governments have quietly built up a
coinpedia.org coinpedia.org
 

Bitcoin rises as stocks slide and U.S. dollar weakens: CNBC Crypto World​

Apr 21, 2025 #CNBC #cnbctv

On today's episode of CNBC Crypto World, bitcoin tests the $88,000 level while the U.S. dollar falls to a three-year low after President Trump ramped up his attacks on Fed Chair Powell. Plus, Bybit's CEO says roughly 28% of the funds stolen in a February hack are untraceable. And, Alex Felix of CoinFund discusses the pace of crypto venture funding.


11:20

Chapters:
00:00 - CNBC Crypto World, April 17, 2025
0:26 - Bitcoin hits $88k
0:48 - The headlines
2:55 - Alex Felix of CoinFund
 
Assume any BTC purchased from North Korea and Iran is stolen.
 
CNBC doing some Crackerjack reporting on markets without mentioning gold.
 
They make their money from big pharma and financial companies. Bill DeVane selling overpriced AGEs is annoying to them and is a rounding error in their revenue.
 
SUI having a nice run outperforming the crypto markets up 27% over the last 24 hours.
 

President Trump's second term 'net positive' for crypto industry, says CleanSpark CEO​

Apr 23, 2025 #CNBC #CNBCTV

CleanSpark CEO Zach Bradford explains why the bitcoin mining firm decided to shift away from holding all its mined bitcoin. He also weighs in on recent developments for crypto under the new administration.


11:54
 

Bitcoin briefly rises above $94,000, its highest level in more than a month: CNBC Crypto World​

Apr 23, 2025 #CNBC #cnbctv

On today's episode of CNBC Crypto World, bitcoin briefly crosses $94,000 for the first time since March 3. Plus, PayPal plans to pay interest rewards for holders of its PYUSD stablecoin. And, Ian Balina of Token Metrics discusses what trends he's watching in the crypto market.


8:47

Chapters:
00:00 - CNBC Crypto World, April 23, 2025
0:20 - Bitcoin rises
1:09 - The headlines
3:22 - Ian Balina of Token Metrics
 

Bitcoin heads for best week since November: CNBC Crypto World​

Apr 25, 2025 #CNBC #cnbctv

On today’s episode of CNBC Crypto World, Bitcoin climbs above $95,000 to end the week. Also, the Fed withdraws guidance on bank activities related to crypto. And Alex Grishman of Haynes Boone explains the rising trend of crypto margin lending among institutions.


9:48

Chapters:
00:00 - CNBC Crypto World, April 25, 2025
0:22 - Bitcoin climbs
1:12 - The headlines
3:39 - Alex Grishman of Haynes Boone
 
Nothing to see, can listen in one tab, play around the forum in a different tab. Title says it all. 23 mins long. As usual, take it fwiw and dyodd.

How Bitcoin Embodies American Values I Anthony Scaramucci, Kyle Schneps, and Matthew Pines​

Apr 26, 2025

Kyle Schneppes is Director of Public Policy at Foundry, a Digital Currency Group Company. He has held a variety of Federal and State Government positions, most recently working as Special Advisor for State Operations in the New York State Executive Chamber.

Matthew Pines is the Executive Director of the Bitcoin Policy Institute, where he oversees operational execution, special programs, and strategic engagement.

Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. He is the host of the podcast Open Book with Anthony Scaramucci. A graduate of Tufts University and Harvard Law School, he lives in Manhasset, Long Island.

How Bitcoin Embodies American Values I Anthony Scaramucci, Kyle
 
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