FameEX Morning Crypto News Recap | March 6, 2025

Trump to Announce Bitcoin Reserve Plan at White House Crypto Summit

On March 5, the U.S. Commerce Secretary announced that Trump will reveal his Bitcoin reserve strategy during the White House cryptocurrency summit.

CFTC and SEC Resume Cooperation on Digital Asset Regulation

CFTC Acting Chairman Caroline Pham stated that the CFTC and SEC are collaborating on digital asset regulations. SEC Commissioner Hester Peirce highlighted the crypto working group’s efforts to define the SEC’s authority and stressed public participation in rule-making, ensuring those affected have a voice in regulatory decisions.

Crypto Markets Undergoing Mid-Bull Cycle Correction

Chris Burniske, partner at Placeholder, views the current market panic as a buying opportunity, considering it a mid-term bull market correction. He believes the cycle's peak hasn't arrived and remains bullish despite Bitcoin’s pullback. Burniske advises against selling during market spikes, emphasizing long-term growth potential in the ongoing bull run.

BlackRock Halts BTC Sales, Retains Over $50 Billion in Bitcoin Holdings

BlackRock has stopped selling Bitcoin, with no outflows from its IBIT address today. It currently holds over $50 billion worth of BTC, according to Arkham's announcement.

Weak Small Non-Farm Payrolls Data Sparks Concerns Over U.S. Economic Slowdown

Economists and investors worry about a U.S. economic slowdown after small non-farm payrolls data missed expectations. Markets now focus on the upcoming government non-farm employment report.

U.S. Considers Revaluing Gold Reserves to Finance Cryptocurrency Strategic Reserve Fund

Bloomberg strategist Simon White suggests the U.S. may revalue gold reserves to fund cryptocurrency purchases. Trump announced a strategic crypto reserve but gave no details on funding. Treasury Secretary Benson hinted at monetizing balance sheet assets, implying gold revaluation as a potential method to finance the initiative.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.