GuShiio.com Arthur Hayes believes that if Trump’s budget is blocked, Bitcoin may fall back to the US$70,000 – 75,000 range.
Author: Shenchao TechFlow
yesterdaymarket dynamics
Opinion: This round of crypto market collapse may be caused byyencaused by the strength of the
According to an article by Coindesk analyst Omkar godbole, the yen has appreciated by nearly 6% in six weeks amid market expectations that the Bank of Japan will raise interest rates.
Markets are worried that the yen’s strength may repeat the situation in July last year, when the Bank of Japan’s interest rate hike led to a sharp appreciation of the yen, triggering widespread risk aversion. As a result, the price of bitcoin plummeted from about US$65,000 to US$50,000 in a few days.
Arthur Hayes: If Trump budget is blocked, Bitcoin orcallbackto $70,000-$75,000 range
BitMEX co-founder Arthur Hayes issued a post saying that now we calm down, call back, and wait. If Trump fails to pass his budget, which increases spending and raises the debt ceiling, the market will resume falling to the level it was before the election day victory, which is in the $70,000 to 75,000 range. This will be a test of Trump’s control over the Republican Party. rdquo;
Aya Miyaguchi will serve as the new chairman of the Ethereum Foundation
According to officials, Aya Miyaguchi, who serves as the new chairman of the Ethereum Foundation, says she continues to cultivate Ethereum’s unique culture and serves as a voice to bridge the gap between Ethereum and the broader global community.
SBF tweeted for the first time in two years, talking about company layoffs and management issues
Former FTX CEO Sam Bankman-Fried (SBF) tweeted for the first time after two years of silence. In this set of tweets, SBF mainly discussed the company’s layoffs and management issues.
Du Jun: $50 million in loss in the crypto industry is just the cost of entry-level trial and error”
Du Jun, founder of ABCDE, issued a document pointing out that if you have not experienced a loss of US$50 million in starting a business in the crypto industry, especially projects involving capital, you may not even have been to a poker table. Although the absolute value of $50 million is large, it is not prominent in the encryption industry. Throughout industry history, every head project from Mt. Gox, Luna, PayPal to FTX and last week’s Bybit has faced losses of hundreds of millions of dollars. At this scale,$50 million can only be counted as an entry-level trial and error cost.
Insider: Mei SEC Plan to lay off regional executives and prepare for DOGE review
According to Kim Shi, two people familiar with the matter revealed that the Securities and Exchange Commission (SEC) plans to replace senior leaders in regional offices across the country as part of its cost-cutting recommendations to the Trump administration. Sources said the SEC said on Friday to directors of its 10 regional offices that their positions would be eliminated under plans to be submitted next month.
The SEC oversees more than $100 trillion in U.S. capital markets and is currently under pressure from Trump to lay off workers and cut costs. Some of the government’s cost-cutting efforts involve the newly created Department of Government Efficiency (DOGE) and Musk. Agency leaders have been told to submit proposals for deep spending cuts to the government.
SEC confirms acceptance of Grayscale’s spot Cardano ETF application
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has confirmed acceptance of the spot Cardano ETF listing application submitted by NYSE Arca on behalf of Grayscale. The application was filed on February 10 and will be hosted by Coinbase Custody Trust Company, with BNY Mellon responsible for asset services and administration.
Market News: Nasdaq has filed 19b-4 application documents for Gray DOT ETF
According to market news, Nasdaq has submitted a 19b-4 application document for the Grayscale Polkadot Trust.
Trump announced he would launch a gold card program to sell U.S. permanent residency for $5 million
According to Kim Shi, U.S. President Trump announced on Tuesday that he would launch the gold card program within two weeks to provide investors with U.S. permanent residency and naturalization paths for US$5 million. The program will replace the existing EB-5 Investor Immigration Program.
Commerce Secretary Lutnick said that unlike the EB-5, the Trump Gold Card allows applicants to pay funds directly to the U.S. government rather than investing in U.S. companies. Lutnik added: They can come to the United States, the president can give them green cards, they can invest in the United States, and we can use the money to reduce the deficit.” rdquo; The Trump administration believes that the plan can be implemented without congressional approval, but has not yet released full implementation details.
Eric Trump: y the dips!!! (Buy on dips)
Trump’s second son, Eric Trump, posted a post on X platform y the dips!!!& rdquo;, where B is replaced by the Bitcoin symbol, or implies buying Bitcoin on dips.
Traders “set 10 big goals first” to cut meat and stop losses of 1,783.48 BTC, with a total value of US$159 million
According to Aunt Ai’s monitoring, a well-known trader “set 10 big goals first”(@Jason60704294) stopped losses when the bitcoin price fell to US$89,000 and cleared 1,783.48 bitcoins he held at an average price of US$89,138, with a total value of US$159 million.
The trader’s average opening position was US$100,320.8. Previously, when Bitcoin fell to US$91,231 on February 3, it still had not closed its position. This closing caused all its previously accumulated floating profits to be retracted.
market dynamics
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