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Cointime March 30th News Express

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  • David Sacks: The U.S. government’s premature sale of Bitcoin has cost U.S. taxpayers more than $17 billion

    White House AI and cryptocurrency chief David Sacks posted on social media, "The early sale of Bitcoin by the US government has cost American taxpayers over $17 billion. Now, the federal government will develop a strategy to maximize the value of its Bitcoin holdings."
  • David Sacks: The U.S. government will not acquire other crypto assets for strategic reserves except for confiscated assets

    White House AI and cryptocurrency chief David Sacks posted on social media that President Trump's executive order also established the U.S. Digital Asset Reserve, which includes digital assets other than Bitcoin confiscated in criminal or civil litigation. In addition to assets obtained through confiscation procedures, the government will not acquire other assets for the reserve assets. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department.
  • Forbes reporter: Trump's executive order will establish two types of digital asset storage mechanisms

    Forbes reporter Eleanor Terrett wrote on X platform that Trump's executive order will establish two different digital asset storage mechanisms: Bitcoin Strategic Reserve and Digital Asset Reserve. The Bitcoin Strategic Reserve will contain approximately 200,000 BTC obtained through criminal and civil forfeitures, with the government authorized to explore ways to acquire more bitcoin without increasing the taxpayer burden. The Digital Asset Reserve will include other digital assets such as XRP, ADA, ETH, and SOL, but the government will not actively seek to purchase these assets. The executive order also requires a comprehensive audit of all digital assets held by the government. According to David Sacks, the purpose of the reserves is "responsible management of government digital assets by the U.S. Treasury Department."
  • Hong Kong SAR Legislative Council Member Wu Jiezhuang: Hong Kong does not have an official currency

    Hong Kong Legislative Councilor Wu Jiezhuang said that Hong Kong does not have an official currency. Some citizens and Web3 practitioners have asked me about someone impersonating the Chief Executive to post on the X platform that they will launch the Hong Kong Coin on the Solana chain (launch of the National Hong Kong Coin). The government has sternly clarified that the information is absolutely false and intentionally deceptive. Please remember to be careful and not to mislead and fall victim to fraud.
  • Trump: Japan can no longer devalue the yen, it is unfair to the United States

    US President Trump said on Monday local time that he told the Japanese leader that they cannot continue to devalue their currency because it is unfair to the US.
  • David Sacks: All cryptocurrencies sold before administration began

    American AI and cryptocurrency czar David Sacks tweeted, "Before the management started, I had sold all of his cryptocurrencies (including BTC, ETH, and SOL)."
  • Buffett rarely speaks out: Tariffs are an "act of war"

    Caixin News Agency reported that Buffett made rare comments on the Trump tariff issue, saying that punitive tariffs could trigger inflation and harm consumer interests. "In fact, we have had a lot of experience in tariffs. To some extent, tariffs are a form of warfare. In the long run, tariffs are a tax on goods."
  • BTC falls below $93,000

    the market shows BTC falling below $93,000, now trading at $92,931.06, with a 24-hour gain narrowing to 7.7%. The market is fluctuating significantly, please manage risk control.
  • Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.
  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs