dungnguyen

@dungnguyen111

2965 Following

478 Followers

dungnguyen pfp

Fed Governor Adriana Kugler warned that she is quite concerned about the persistence of inflation we have seen and said the Fed should keep interest rates on hold. The US stock market took another hit today. All three indexes are now lower than when President Trump was re-elected, as fears of a tariff war gradually turned into fears of an economic recession. The US Treasury Secretary dismissed claims that tariffs would cause persistent inflation. He argued that tariffs could lead to a one-time price correction, after which normal inflation would resume. The red also spread to crypto, oil, and even gold. Today, there is no place to hide, the market is in chaos.

0 reply

0 recast

0 reaction

dungnguyen pfp

El Salvador 🇸🇻 bought 5 Bitcoins today, instead of just 1 BTC as usual.

0 reply

0 recast

1 reaction

dungnguyen pfp

Many reports say that Utah is the first state in the US to pass a Bitcoin reserve law, but this is not true. @Bitcoin_laws confirmed that the Utah Senate passed a Bitcoin-related bill, but the “Bitcoin reserve” part was removed. Currently, it is just a bill that allows the state to invest in Bitcoin. If that is changed, the bill must be refiled. This is still a good thing, but currently Arizona and Texas are still ahead.

0 reply

0 recast

1 reaction

dungnguyen pfp

Fed Chairman Jerome Powell said the Fed may wait to see how President Trump’s bold policies play out before moving forward with interest rate hikes. The White House is in the process of making major changes in key areas: trade, immigration, financial policy and regulation. Powell stressed that: “The overall impact of these new policy changes is an important factor for the economy and the formulation of monetary policy… We don’t need to breathe gold and are well-positioned to wait for more clarity.”

0 reply

0 recast

0 reaction

dungnguyen pfp

Details confirmed by Crypto Advisor David Sacks. President Trump signed an Executive Order to establish a Bitcoin Strategic Reserve, which will use Bitcoin seized in criminal or civil cases, ensuring no cost to taxpayers. The US government is estimated to own around 200,000 BTC.

1 reply

0 recast

1 reaction

dungnguyen pfp

- Senator 🇺🇸 Cynthia Lummis, a vocal Bitcoin advocate, said the White House Crypto Summit on March 7 could bring more clarity, but it’s hard to get a consensus right now. We need more time. - President Trump’s plan, announced on March 2, 2025, aims to make the US the global leader in cryptocurrencies by holding bitcoin, ethereum, XRP, solana and cardano. Will it use seized assets or buy more? Details remain unclear. - Even the Lummis bill, which would require the US Treasury to buy 1 million BTC over 20 years to pay down federal debt, has been called out in the Senate Banking Committee. - Host Republicans, including Tim Scott, have criticized President Trump’s plan due to funding and regulatory concerns. - Skeptics argue that the volatility of cryptocurrencies makes them an unstable reserve asset, while proponents see them as a strategic economic tool. In short, this Friday will hear President Trump share his wishes, but whether Congress will support them or not is yet to be seen.

0 reply

0 recast

0 reaction

dungnguyen pfp

The Trump administration has sent a notice to Congress in support of rescinding an IRS proposal that would expand the definition of “broker” to include DeFi users, imposing unnecessary reporting requirements and privacy risks. The rule stifles innovation and burdens DeFi companies in the US. If the resolution reaches the president, senior advisers will recommend signing it into law.

0 reply

0 recast

0 reaction

dungnguyen pfp

The SEC 🇺🇸 has agreed to dismiss the case against Kraken without any penalties or changes to business operations.

0 reply

0 recast

0 reaction

dungnguyen pfp

PRESIDENT TRUMP: An American Crypto Reserve would elevate this vital industry after years of a greedy Biden administration. That's why my Executive Order on Digital Assets directed the Presidential Working Group to establish a Strategic Crypto Reserve, including XRP, SOL, and ADA. I will ensure that America becomes the capital of the world. We are making America great again!

0 reply

0 recast

0 reaction

dungnguyen pfp

President Trump will host the Crypto Conference at the White House on March 7, highlighting the development of cryptocurrencies, new changes, and clear regulatory frameworks, marking a shift to the previous political right approach.

0 reply

0 recast

0 reaction

dungnguyen pfp

"Club Coin" Joining the waitlist for @faragent 👀

0 reply

0 recast

0 reaction

dungnguyen pfp

Update on Bitcoin reserves of states in the US: Both Arizona Bitcoin Reserve bills have now passed the Senate and are moving to the House. Arizona is closely following Utah.

0 reply

0 recast

0 reaction

dungnguyen pfp

Standard Chartered Bank still believes Bitcoin price will reach $500,000 during Donald Trump's term. Recently accepting a correction, Standard Chartered believes Bitcoin will be worth $200,000 this year before continuing to climb higher in the coming years. @intocryptoverse compares the current situation to President Reagan's inauguration in 1981. Back then, the economy went through a difficult period that shortened the deadline until 1982 to control inflation, but then led to a period of economic growth that lasted decades.

0 reply

0 recast

0 reaction

dungnguyen pfp

I just collected "Farcaster: Lion"

0 reply

0 recast

0 reaction

dungnguyen pfp

Bybit's hack did not occur directly on Bybit's system, but on SAFE's servers. According to Bybit's audit report, hackers replaced Gnosis SAFE's user interface with malicious JavaScript code, specifically targeting Bybit's cold wallet. This means they tricked Bybit into using a fake interface to steal funds.

0 reply

0 recast

0 reaction

dungnguyen pfp

According to Ki Young Ju, CEO of CryptoQuant, the “altcoin season” in 2025 will not explode on a large scale. Instead, only projects whose foundations were created in the fall and are considered ETFs are likely to “survive.” Currently 24% of the top 200 cryptocurrencies have fallen to a more than one-year low. At the same time, some altcoins increased in price but major address activity was not found, this phase was found to be more fundamental than realistically accepted.

0 reply

0 recast

0 reaction

dungnguyen pfp

Michael Saylor shared the documents he presented to the SEC’s crypto task force last Friday. The framework aims to help the United States become a global leader in digital assets through clear regulation, innovation, and market expansion. - Define digital assets such as Bitcoin, securities, fiat-backed currencies, NFTs, and tokens. - Establish rights and compliance rules for issuers, exchanges, and investors. - Reduce costs and speed up issuance to drive adoption. - Expand the digital asset market from $2 trillion to $80 trillion, providing access to capital for 40 million businesses. - Strengthen the position of the US dollar and build a Bitcoin reserve worth between $16 trillion and $81 trillion. A clear regulatory framework would help the US lead the global digital economy, unlock trillions of dollars in value, and protect the future status of the US dollar.

0 reply

0 recast

1 reaction

dungnguyen pfp

Michael Saylor signals that MicroStrategy will buy more BTC. Usually within 24 hours there will be news

0 reply

0 recast

0 reaction

dungnguyen pfp

Kanye West says it's time to “launch my own blockchain

0 reply

1 recast

1 reaction

dungnguyen pfp

Bybit said there are no plans to urgently buy ETH to compensate for the $1.4 billion in stolen ETH, instead they are borrowing money to make up for this error. It appears that Bitget sent over 100 million USD of ETH to Bybit as a loan account

0 reply

0 recast

0 reaction