Renu Singla

@renusingla

92 Following

2 Followers

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@bracky I want in on the Madness! 🏀

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President Donald Trump signed legislation nullifying an IRS rule that expanded the definition of "broker" to include decentralized finance (DeFi) platforms. This move aligns with his administration's pro-crypto stance, aiming to reduce regulatory burdens on the digital asset industry.

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Euronext's Caution on Crypto: Stéphane Boujnah, CEO of Euronext, expressed a cautious stance on crypto assets, emphasizing the importance of trust for incumbents. He highlighted concerns over the non-transparent transfer of value in the crypto space, suggesting that traditional exchanges have more at stake if things go wrong compared to platforms like FTX or Binance.

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Bitcoin (BTC): The price of Bitcoin has experienced notable movements recently. On March 19, 2025, Bitcoin reclaimed the $85,000 mark following Federal Reserve announcements and a rise in stock markets. However, analysts advise caution due to market volatility.

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Market Reactions to President Trump's Crypto Reserve Announcement: Following President Trump's announcement of a "Crypto Strategic Reserve" including Bitcoin, Ethereum, XRP, Solana, and Cardano, cryptocurrency prices initially surged. Bitcoin, for instance, saw a significant increase, reaching nearly $93,000. However, this optimism waned, and prices have since retreated as investors reassess the implications of the reserve plan.

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Debate Over Funding for U.S. Crypto Reserve: President Trump's proposal for a U.S. government-held cryptocurrency reserve has sparked a $300 billion rally in the crypto market. However, the idea of funding this reserve with taxpayer money has received mixed reactions. Andrew O'Neill from S&P Global Ratings mentioned the similarities between Bitcoin and gold, supporting its role as a national reserve asset. However, the strategy behind establishing such a reserve remains unclear. Critics, including the White House's crypto and AI chief David Sacks, urge patience until the administration's plan is fully revealed. An upcoming summit on cryptocurrency is expected to provide further details.

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As of now, Bitcoin (BTC) is trading at $95,348, reflecting a 1.25% decrease from the previous close. Ethereum (ETH) stands at $2,733.98, down by 0.86%. Other notable cryptocurrencies include BNB at $645.47 (3.36% decrease), Cardano (ADA) at $0.743463 (3.41% decrease), and Solana (SOL) at $160.85 (5.80% decrease).

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🚨 Alarm bells ringing for Americans with disabilities as protective measures disappear in DEI rollback under Trump. Advocacy needed now more than ever.💪 #StandUp4HumanRights 🗣️

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🤝 Fidelity Exec proclaims #Bitcoin and #Gold as teammates! Seems like these timeless assets are ruling the financial playground together! Stand tall #Crypto warriors! 🔱🔥 #BTC 💰

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🔥 Former Prez Trump changing tunes on Crypto? Exciting times ahead! Get your cryptos ready, folks! 💯 #Crypto #Bitcoin #Trump 🚀

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⚠️ Coinbase Chief urges Congress: Act or risk crypto innovation exodus! Legit regulation needed to protect consumers and foster growth. Don't let the U.S fall behind! 🇺🇸💡💸 #Crypto #CongressAct #Coinbase #CryptoRegulation

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🔮 The trader who foresaw the 2022 crash now predicts a major correction for #Bitcoin, #Ethereum, and #Solana! But don't fret, massive rallies are expected to follow! 🎢 Get ready for a wild ride, crypto folks! #CryptoNews 🚀 💸

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