Daily | David Sacks has sold all cryptocurrencies before taking office in government positions; Coinbase has offered local ETF hosting in Hong Kong
Reprinted from chaincatcher
03/04/2025·2MCompiled by: Jerry, ChainCatcher
Important information:
- Coinbase: BTC is the best choice for strategic reserves, and can launch an encrypted market capitalization index to maintain fairness and justice
- Arthur Hayes comments on Trump's push toward crypto strategic reserves, saying "no new"
- David Sacks: All cryptocurrencies have been sold before taking office in government positions
- Coinbase: It has provided local ETF hosting work in Hong Kong and is discussing ETF hosting plans with HSBC
- GoPlus: STAR10 tokens have serious security risks, and the team can destroy any holder's token at will.
- ADA rose by more than 70% after Trump's "shouting orders", becoming the 8th largest cryptocurrency in market value
“What important events have happened in the past 24 hours”
Coinbase co-founder and CEO Brian Armstrong commented on social media about the “Trump is advancing the cryptocurrency reserve program” that BTC may be the best choice in terms of asset allocation for strategic reserves, and as the successor of gold, BTC has the simplest and clearest narrative. If people want more types, market capitalization weighted indexes can be used to keep things fair. But it may be the easiest to choose only BTC.
Arthur Hayes comments on Trump 's push toward crypto strategic reserves, saying "no new"
BitMEX co-founder Arthur Hayes commented on the incident of "Trump's announcement that it will advance its strategic reserves of cryptocurrencies" and said, "Nothing new, it's just a word. When they get Congressional approval to borrow or re-raising the price of gold, please let me know. Without these, they won't have the money to buy bitcoin and altcoins. Of course, I'm not bearish, I'll still stick to bullish. But I won't buy more tokens at this point."
David Sacks: All cryptocurrencies have been sold before taking office in government positions
US AI and cryptocurrency Tsar David Sacks tweeted, "I have sold all of its cryptocurrencies (including BTC, ETH and SOL) before taking office in government positions."
According to the News Agency, US listed cryptocurrency exchange Coinbase announced that it would consider expanding the Asia-Pacific market. Its Asia-Pacific Managing Director and Director in Australia said that it would withdraw from the Japanese market the year before yesterday. Although Japan has relaxed token restrictions recently, the types of tokens are still very limited and the platform must have at least 10 actual employees, which is quite challenging from a business perspective.
John O'Loghlen also said that he does not plan to conduct business in Hong Kong at this stage. If international platforms enter the Hong Kong market, it may need to change the technology stack of the entire exchange. However, Coinbase has begun to provide custody work for local ETFs in Hong Kong and is also negotiating with HSBC to sub-custodian plans.
GoPlus Security warns that Ronaldinho's STAR10 tokens pose serious security risks. GoPlus found that token owners can destroy tokens from any holder at will. Since ownership has not been waived, all tokens are at risk of being destroyed without warning.
GoPlus Security calls on the Ronaldinho team to immediately waive ownership to protect the community’s safety. At the same time, traders are reminded to be highly vigilant about the token, and it is recommended that BNB Chain notify users to pay attention to related risks.
According to CoinGecko data, Cardano (ADA) has risen 73% in total after Trump said he would "promote strategic reserves of cryptocurrencies including XRP, SOL and ADA", hit a high of US$1.148. It is now quoted at US$1.136, becoming the 8th largest cryptocurrency with market value (US$39.8 billion), with FDV temporarily reporting US$49.9 billion. The transaction volume of the entire network reached US$8.12 billion in 24 hours.
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Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of March 3, 19:50:
The top five popular Ethereum tokens in the past 24h are: CSR, SPX , XCN, LINK, MKR
The top five popular tokens in the past 24h are: YODA, TRUMP, KOINZ, PIPE, KAIREN
The top five popular tokens in the past 24h Base are: VIRTUAL , KAITO, SHAKA, Share, USD+
