NiftyNoon: Is Donald Trump’s Cabal Manipulating the Crypto Market? 📈📉😔
Crypto majors including Bitcoin and Ethereum quickly retraced their entire pumps following Donald Trump’s Truth Social postings about a crypto strategic reserve. (March 4, 2025)
Nifty Thought:
Crypto majors including Bitcoin and Ethereum quickly retraced their entire pumps following Donald Trump’s Truth Social postings about a crypto strategic reserve. With wallets linked to phishing scams making aggressive leveraged longs shortly before the announcement, many crypto pundits have accused the Trump administration leaking the information in advance and being linked to nefarious actors. This is compounded by the fact that subsequent announcements of tariffs immediately caused equities and crypto majors to dump after the same front ran the news with short positions as well. Finally, the inclusion and emphasis on coins such as $XRP Ripple and $ADA Cardano in the strategic reserve drew criticism as well due to the contronversial status of those tokens. It was not apparent if there were selected for inclusion on their own merits or if it was the result of a backdoor deal made by the Trump administration.
Highlighted News:
🚪 Spot Bitcoin ETF saw -$74.2M outflow yesterday; Spot Ethereum ETF saw -$12.1M outflow:
https://x.com/rovercrc/status/1896818595168223738
💡 Cameron Winklevoss claims a Strategic Bitcoin Reserve is a must:
https://x.com/cameron/status/1896697783819866275
🧺 3.4.25 Executive Summary on Hacked Bybit Funds:
https://x.com/benbybit/status/1896798476945744010?s=46
📉 Latest Atlanta Fed GDP Now: -2.8% annualized growth in Q1:
https://x.com/jasonfurman/status/1896645073980273115?s=46
🦊 MetaMask clarifies there is no MetaMask token:
https://x.com/MetaMask/status/1896617675272638781
Project and Community News:
China is now working double time to stand up their own Strategic Bitcoin Reserve: https://x.com/DavidFBailey/status/1896347493878861867
Hong Kong’s Huaxia Fund launches a $107M tokenized money market fund on Ethereum, a first for retail investors in Asia-Pacific: https://x.com/Cointelegraph/status/1896712255930060852
Bitwise has filed for a spot Dogecoin $DOGE ETF: https://x.com/Polymarket/status/1896672062015688880
Tyler Winklevoss claims ADA could be suitable for a listing on Gemini, not so much for a Strategic Reserve: https://x.com/tyler/status/1896685767222874189
Ark Invest spot Bitcoin ETF bought 617 $BTC worth $58.2M on Mar. 3: https://x.com/cointelegraph/status/1896810339490251237?s=46
Metaplanet purchases additional 156 $BTC: https://x.com/Metaplanet_JP/status/1896396324784017455
The Arkham Exchange is now Available in the US: https://x.com/arkham/status/1895890981423100013?s=61
Rumors are circulating that the Trump administration preparing to announce zero capital gains on crypto sales at Friday’s crypto summit: https://x.com/mikealfred/status/1896720322390552659
@coinbase New FOIA request incoming: https://x.com/coinbase/status/1896576592551293256?s=46
@ethereumfndn Introducing ZKnox @zknoxhq: https://x.com/ethereumfndn/status/1896592240228893072?s=46
@sbivc_official is now a registered Electronic Payments Provider under JFSA’s new framework and they plan to be the first to list USDC in the market: https://x.com/circle/status/1896790344026538245
Crypto founder of $TRON Justin Sun bought $75 million of the $TRUMP coin, then had his pending civil fraud case halted by the SEC, per CNN: https://x.com/unusual_whales/status/1896691303854772253?s=46
$BLUB meal will be delivered on March 4th between 1:00 PM and 3:00 PM EST: https://x.com/blubblobcoin/status/1896637092379373776?s=46
After 3+ years, the SEC has officially closed its investigation into Yuga Labs: https://x.com/yugalabs/status/1896687377915187538
An analysis of the @KaitoAI 30-Day CT Leaderboard for NFT PFP's: https://x.com/slimNFT/status/1896598155958907083
LoopedHYPE (LHYPE) is now live: https://x.com/looped_hype/status/189655027839=DLEjH6R0a59TV7BZmC7cGw
$ZORA. Launching in Spring 2025: https://x.com/zora/status/1896616047656280324
Goldman Sachs CEO says there's a "very small" chance the US economy goes into a recession: https://x.com/watcherguru/status/1896726655521222903?s=46
A whale deposited 2M $USDC into Hyperliquid to long $SOL 1 hour ago: https://x.com/lookonchain/status/1896758364031644082?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 1,200 ETH (▼ 26.35%)
🌊 OpenSea ETH Daily Volume: 1,148 ETH (▲ 15.07%)
🟠 BTC : $84,336.45 (▼ 8.76%)
🔷 ETH: $2,140.53 (▼ 8.66%)
🟣 Solana: $139.38 (▼ 14.53%)
🟪 Polygon: $0.24 (▼ 13.29%)
Top NFT Sales:
CryptoPunks #5388: 43.00 ETH
CryptoPunks #3517: 39.50 ETH
CryptoPunks #714: 35.50 ETH
NFT Daily Winners:
🚬 CryptoPunks: 35.98 ETH (▲ 1.38%)
🏳🌈 Chromie Squiggles: 4.09 ETH (► 0.00%)
NFT Daily Losers:
🦧 Bored Ape Yacht Club: 13.75 ETH (▼ 0.86%)
🐱 Quantum Cats: 0.20 BTC (▼ 1.03%)
😡 Mad Lads: 48.50 SOL (▼ 1.82%)
🍭 Mocaverse: 2.01 ETH (▼ 2.35%)
🐵 NodeMonkes: 0.04 BTC (▼ 3.81%)
👩🏻 Milady Maker: 3.65 ETH (▼ 4.00%)
⛩ Azuki: 2.65 ETH (▼ 4.30%)
🐧 Pudgy Penguins: 9.45 ETH (▼ 4.56%)
🧦 Bitcoin Puppets: 0.04 BTC (▼ 6.21%)
👾 Tensorians: 4.08 SOL (▼ 8.61%)
💼 Ordinal Maxi Biz: 0.03 BTC (▼ 8.80%)
🏴☠ Captainz: 0.88 ETH (▼ 9.95%)
Notes:
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