Ex-Binance CEO Changpeng Zhao Advises Kyrgyzstan to Hold BTC, BNB as Reserve Assets
Ex-Binance CEO Changpeng Zhao advised Kyrgyzstan to use Bitcoin and BNB as national reserve assets, as the country deepens its crypto adoption strategy.
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Ex-Binance CEO Changpeng Zhao advised Kyrgyzstan to use Bitcoin and BNB as national reserve assets, as the country deepens its crypto adoption strategy.
Key Takeaways: Amber International Holding Limited, operating under the Amber Premium brand, has formally announced the launch of a groundbreaking $100 million Crypto Ecosystem Reserve. This initiative is not simply a traditional investment fund; it is a strategically designed reserve, enhanced by artificial intelligence, with the objective of dynamically investing in and supporting high-potential blockchain […]
Bitcoin price declines to $86,394 as investors react negatively to Trump's Digital Assets Summit, which provided few specifics on the new U.S. Bitcoin Reserve.
Binance co-founder Changpeng Zhao has suggested that the highly anticipated Altseason isnt here yet as most altcoins continue bleeding, while some market watchers consider the worst might be over soon. Related Reading: All Options On The Table: Bitcoin Must Hold This Level Ahead Of Trumps Crypto Summit CZ Says Theres No Altseason Yet On Friday, Changpeng Zhao, also known as CZ, responded to an X user asking when the Altseason will happen. The Binance founder pointed out the price tracking and market data website CoinMarketCap (CMC), which recently added an Altcoin Season Index. CZ highlighted that of the top 100 altcoins, very few have outperformed Bitcoin (BTC) in the past three months, suggesting that the Altseason wont happen yet. As the website states, the CMC Altcoin Season Index page provides real-time insights into whether the cryptocurrency market is currently in Altcoin Season, based on the performance of the top 100 altcoins against the flagship crypto over the past 90 days. Under this metric, an Altseason is in if 75% of the top 100 altcoins outperform BTC during the established period. To CZ, This is a tough ranking system, as he considers that 50 would be a good score for Altcoins. The CMC index page shows a score of 14/100, with only 14 altcoins outperforming BTC since early December. Some of the tokens in this list include Monero (XRM), Hyperliquid (HYPE), Pi (PI), Mantra (OM), Berachain (BERA), and the official Trump memecoin (TRUMP). Leading cryptocurrencies of 2024, like SUI and Solana (SOL), show 37% to 41% price decreases in the past 90 days. Meanwhile, memecoin sensations like dogwifhat (WIF), PEPE, FLOKI, and BONK have bled between 70% and 80% during this period. Analyst Michaël van de Poppe also noted that altcoins have had an overall negative performance on higher timeframes despite some recent price rallies. Massive green day on some Altcoins, they are up 2%! Then, you zoom out, and you zoom out, and you zoom out, he asserted. Altcoins Bottom Could Be Near Altcoin Sherpa stated that altcoins were in about the same or worse positions during the Summer 2024 retrace, pointing out that things were also pretty bleak overall and then we saw some strong bounces in August. However, he noted that, unlike last year, the market doesnt have a Trump Pump coming. Recently, some of the top cryptocurrencies saw a significant price increase after US President Donald Trump announced a strategic reserve that would include SOL, XRP, Cardano (ADA), Ethereum (ETH), and BTC. Nonetheless, after the March 6 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, the White House AI and Crypto Czar, David Sacks, clarified that the previously named altcoins were used as references for the most valuable tokens in the market. Sherpa considers that the markets bottom is close, but we still also probably have the chop period to get through before any substantial recovery. On the contrary, some industry figures have also commented on altcoins overall performance this cycle, suggesting that the Altseason already started but will be different from previous cycles. Related Reading: Stellar (XLM) Price Setting Up For Rally To $1.60 Here Are The Levels To Watch Recently, CryptoQuants founder and CEO, Ki Young Ju, stated that the Altseason had begun. He affirmed there will not be a direct Bitcoin-to-altcoins rotation this cycle, as BTC dominance isnt the key metric that defines it. To the CEO, trading volume is the metric that defines it this time. Ju also pointed out that this will be a very selective and challenging altseason, with only a few altcoins with strong narratives expected to thrive. Featured Image from Unsplash.com, Chart from TradingView.com
David Sacks estimated that the US government holds around 200,00 Bitcoin He said the US won’t sell any Bitcoin deposited into the Reserve The Digital Asset Stockpile will hold digital assets other than Bitcoin forfeited in criminal or civil proceedings US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and […]
The post President Trump signs executive order for a Strategic Bitcoin Reserve appeared first on CoinJournal.
Bitcoin was trading at around $88,000, dropping 1.50% in the last 24 hours Ethereum, XRP, Solana, and Cardano have also seen prices dip following news of the Digital Asset Stockpile TD Cowan analysts consider it a “compromise” and that the reserve is a positive move from the White House Crypto prices remained unchanged on Friday […]
The post Crypto prices fall despite Trump’s Bitcoin reserve plan appeared first on CoinJournal.
The U.S. government will not actively acquire new assets for this stockpile beyond what is seized.
In crypto, wild price swings are normal when policies and new regulations are announced. This market observation became evident this week, immediately after US President Donald Trump announced plans for a strategic crypto reserve that includes Ethereum, Solana, ADA, Ripples XRP, and of course, Bitcoin. Related Reading: Billionaire Warns Of Financial TurmoilWill Bitcoin Save Investors? Cryptos reaction was immediate, with Ethereum as one of the top assets that surged and fell massively within days. On March 2nd, ETH was trading at $2,191, then climbed to as high as $2,542 on March 3rd, before dropping below $2,300 at the day’s close and settling at the $2,050 level again the next day. According to Glassnode, the recent crypto price movements unraveled some of the key strategies of ETH holders. A Flurry Of Activities Among ETH Holders Glassnode data shows ETH holders and investors moved and adjusted their holdings during the recent crypto price swings. Based on its three-month analysis, Ether holders who acquired their tokens at $3,500 adjusted their holdings in February. #Ethereum investors actively managed their exposure through this volatile period. After a rally to $2.5K, $ETH retraced to $2.05K – levels last seen in Nov 2023. Cost Basis Distribution (CBD) shows how capital rotated across price levels and who took advantage of the dip. pic.twitter.com/vl6AdghfRO glassnode (@glassnode) March 5, 2025 These investors started their positions at a peak price of $2,500, and remained on their positions when ETH revisited $2,050. Based on Glassnode figures, these investors own 1.75 million ETH with an average acquisition price of $3,200. This means that their holdings are now down 10% from their entry. Glassnode also shares that on March 1st, investors bought 500k ETH at an average price of $2,200. However, this group quickly redistributed their holdings when ETHs price hit $2,500. Ethereums recent price action has revealed a new major price resistance at $2,800, where market traders accumulated 800k tokens. As such, crypto holders and investors are now looking at this level if ETH rebounds soon. Growing Accumulation Among ETH Whales Market analysts also highlight the growing trading activity and accumulation among crypto wallets. Crypto commentator Ted shared that a crypto whale investor recently bought 17,855 ETH worth roughly $36 million, with an average price of $2,054. The whales ETH holdings are now valued at $2.5 billion. This transaction validates the current accumulation trend, suggesting that todays price is a buy opportunity. Is It Time To Buy ETH? Currently, ETH is trading between $2,100 and $2,300, which is still below its Monday price of $3,500. According to a CryptoQuant analyst, Ethereum is most likely in favorable condition after its recent price swings. The analyst added that Ethereums MVRV ratio drops below 1, meaning the asset is undervalued. Related Reading: Mt. Gox Stirs The Market With $1 Billion Bitcoin TransferWhats Going On? This level often sets the tone for a price surge in previous bull markets. He also noted that an increasing number of ETH addresses are buying more tokens. These wallets hold ETH without selling, suggesting that institutional players are building their holdings. Still, the CryptoQuant analyst remains cautious on ETH, pointing out that macroeconomic conditions can still sway crypto prices. He then noted the possible impact of tariff measures and monetary strategies on ETH and altcoin prices. Featured image from Reuters, chart from TradingView
The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds. TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher. He highlights that if this resistance holds and Bitcoin fails to break it, the pioneer cryptocurrency will likely face a steeper price decline to new lows of $63,000. The last time Bitcoin was around the $60,000 range was during its massive price rally in 2024 after the launch of Spot Bitcoin ETFs. Considering that Bitcoin has risen as high as $104,000 at one point this year, a crash toward $60,000 would be a devastating blow to investors and its market. Bitcoin Price Crash Imminent The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market. Related Reading: Bitcoin 77% Correction To $25,000, Will History Repeat Itself During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop. Alixjey has also labeled his projected $60,000 – $65,000 downturn as the last chance to re-enter the Bitcoin market, emphasizing that it was a prime HODLing point for potential profits in Q3 and Q4 of 2025. This implies that the analyst anticipates a price rebound in Bitcoin later in the year. Moving on, the TradingView expert highlighted two liquidity levels in the 4-hour timeframe that are likely to be cleared soon. He also acknowledged that he was solely bearish on Bitcoins price outlook, indicating that his projected short-term pullback will not be invalidated unless the cryptocurrency crosses the resistance between $94,000 and $98,000. Other factors that could contribute to Bitcoins already heightened volatility are the Non-Farm Payroll (NFP) data. AlixJey predicts that once released, this data could lead to high volatility in both stocks and crypto. He urges investors and traders to be cautious, as major economic reports often influence market movements. Analyst Sees Upside Potential After BTC Crashes Due to Bitcoin’s recent declines, many analysts have shared bearish projections of the cryptocurrency, expecting a severe price correction before a potential recovery. One such analyst is Herbert Sim, the Chief Marketing Officer (CMO) of AICean. Related Reading: Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad? Sim projects that Bitcoin will crash to new lows, especially with the recent approval of a crypto reserve in the United States (US). He expects a crash to $40,000 but highlights that it will be short-lived, spanning from weeks, months, and possibly years. However, the AICean CMO suggested that investors who can HODL for the long-term are likely to see more profits once BTC rebounds from bearish trends. Featured image from Adobe Stock, chart from Tradingview.com
Trumps Executive Order creates a U.S. Bitcoin Reserve and Digital Asset Stockpile for ETH, XRP, SOL, and ADA, funded with seized assets, not market purchases.
The Russian Ministry of Finance has reaffirmed its stance against including cryptocurrencies in the National Welfare Fund.
The post Russia Rules Out Crypto for National Wealth Fund appeared first on Kanalcoin.
Howard Lutnick said Bitcoin would receive special status under US President Donald Trump’s proposed crypto reserve Lutnick believes that other crypto tokens will be “treated differently—positively, but differently” So far, 12 people within crypto have been invited to attend the Crypto Summit US President Donald Trump is expected to unveil a Bitcoin reserve strategy at […]
The post Report: Trump expected to announce Bitcoin reserve strategy at White House Crypto Summit appeared first on CoinJournal.
Commerce Secretary Lutnick confirms a U.S. Crypto Strategic Reserve is likely, with an official announcement set for this Friday.
The cryptocurrency market kicked off the week with bumpy price movements that left investors jittery. Yet, amidst uncertainty, select digital assets have generated substantial excitement, thanks largely to an attention-grabbing announcement: former U.S. President Donald Trump has proposed the creation of a U.S. Crypto Strategic Reserve. This reserve, according to Trump, would encompass some of [...]
Crypto market prices have dipped following US President Donald Trump’s proposed crypto strategic reserve because it holds more than Bitcoin Trump announced on Sunday, the reserve would hold Bitcoin, Ethereum, XRP, Solana, and Cardano Matt Hougan, Bitwise’s CIO, lists three factors the market isn’t considering following the news Bitwise’s CIO has said that US President […]
The post Bitwise CIO: Trump’s crypto reserve is good news for the market appeared first on CoinJournal.
Investors questioned the inclusion of XRP, SOL, and ADA in the reserve, leading to a broad selloff that erased most of Sunday's gains.
The crypto markets have whipsawed following President Donald Trumps unexpected announcement of a strategic crypto reserve over the weekend. Bitwise Asset Managements Chief Investment Officer (CIO), Matt Hougan, contends that traders are overreacting to the proposed plans details and missing what could be a bullish development for digital assets. Late Sunday, President Trump revealed a United States government initiative to acquire and hold five different cryptocurrenciesBitcoin, Ethereum, Solana, XRP, and Cardanoin a strategic reserve. Initially, the market response was emphatically positive: Bitcoins price surged from around $85,000 to $95,000. However, as Hougan notes in his latest investor memo, that initial optimism was short-lived. By Monday, the major crypto assets named in the announcement had surrendered their gains. Everyone Is Misjudging Trumps Crypto Reserve Bitwise released its memo on March 4, titled The Market Has This Wrong: Thoughts on Trumps Strategic Crypto Reserve. In it, Hougan points to overly narrow market interpretations as the principal cause behind the abrupt retracement. The market is overthinking things. For all the flaws in the rollout, the reserve news is bullish. Related Reading: Why Is The Crypto Market Down Today? He elaborates on why the proposal is not being greeted with lasting enthusiasm. A large part of the skepticism centers on the White Houses choice of five cryptocurrencies, which critics describe as an overly broad selection. In Hougans words: The inclusion of speculative assets like Cardano feels more calculating than strategic. Although the plan initially seemed like a vote of confidence from Washington, some crypto commentatorssuch as Coinbase CEO Brian Armstrong and Castle Island Ventures Founder Nic Carterhave questioned the rationale behind broadening the reserve beyond Bitcoin. Bitwise CEO Hunter Horsley also weighed in shortly after the announcement, publicly expressing a preference for a more conservative, bitcoin-centric reserve. Despite this, Hougans memo argues that market participants may be failing to see the bigger picture. In the memo, Hougan outlines three major takeaways regarding the strategic reserve plan. Hougan suggests that President Trumps first public draft often differs considerably from what eventually becomes policy. The reserve, he argues, might ultimately shift to a bitcoin-only approach or evolve to a more balanced composition following industry input. Over the coming days, big names from the crypto industry will make their feelings felt about the reserve idea. According to Hougan, the announcement further cements the perception of Bitcoin as a strategically important asset. He believes this could spur competing nations to follow suit, mirroring smaller-scale adoption already seen in El Salvador, Bhutan, and Abu Dhabi. If you are Honduras, Mexico, or Guatemala, and youre watching El Salvador and now the US acquire bitcoin, can you really afford to be at zero? Related Reading: Crypto Market Shaken: Tariff War Hits ETH, XRP, And SOL Hard Hougan also points to the political calculus, suggesting that even a future administration with different views might not divest the reserve once it exists. He notes that the US has historically held onto strategic assets, such as gold, for extended periods. We learned this in the last election, where the GOPs courtship of crypto gained it many votes while Democratic hostility gained few. I suspect that any crypto that is purchased will be held for a very long time. Despite the optimism, Hougan acknowledges the prospect that the pushback could become so intense that the reserve is either scaled down or scrapped. Critics say that including less-established assets alongside Bitcoin only muddies the waters and may undermine the legitimacy of the initiative. Hougan, however, believes that the final reserve will be nearly entirely bitcoin, and it will be larger than people think. He also underscores a broader point: The simple acknowledgment by the US government that crypto assets can be deemed strategic has potentially game-changing significance. In his view, such a designation could catalyze global adoption, spurring other countries to purchase crypto or ramp up holdings already in place. According to Hougan, Sundays announcement should be interpreted as bullish for digital assetsdespite the complicated rollout and the resulting price swings. He warns that markets might be letting short-term controversies overshadow the bigger picture: The US government declaring crypto assets strategic is bullish. I think the market will eventually realize that. As the White House prepares for a scheduled Crypto Summit this Fridayhosted by crypto czar David Sacksindustry voices will likely press for a more measured and possibly narrower reserve structure. Whether the final policy ultimately narrows to a bitcoin-focused plan or persists with multiple coins, Hougan believes it may still mark a meaningful step forward in the mainstream legitimization of crypto. The initial reaction may have been mixed, but, as he succinctly puts it, after the dust settles, I suspect the final reserve will look pretty good. At press time, BTC traded at $87,565. Featured image from YouTube, chart from TradingView.com
The sharp reversal follows Sundays rally fueled by President Trumps announcement of a U.S. crypto reserve, but much of those gains have since evaporated.
President Donald Trump ignited a rally in the cryptocurrency market on Sunday after announcing plans for a U.S. "strategic reserve" that would include five major digital assets.
The post Donald Trump’s Crypto Reserve Proposal Sparks Market Surge appeared first on Kanalcoin.
Trump’s announcement of a strategic crypto reserve on Mar. 2 ignited a swift and widespread rally that reversed the recent dip in sentiment following Bitcoin’s drop below $80,000 last week. While Bitcoin and Ethereum were widely assumed to be the reserve’s central components, the initial announcement only mentioned XRP, Solana, and Cardano. The market’s response […]
The post Altcoins shined as Trump’s crypto reserve triggered market surge appeared first on CryptoSlate.
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