JOON HYOUNG LEE

 The U.S. Securities and Exchange Commission (SEC) has reportedly halted numerous cryptocurrency-related lawsuits and investigations following the inauguration of the Trump administration. Crypto analytics platform Unfolded announced on the 7th through its official X account that "the SEC has dismissed or temporarily suspended lawsuits and investigations targeting cryptocurrency companies."  According to Unfolded, a total of 11 cryptocurrency-related lawsuits and investigations have been halted since Donald Trump took office as U.S. President. A prime example is the lawsuit against cryptocurrency exchange Coinbase, which the SEC withdrew last month. The SEC has also recently suspended investigations into Robinhood, Uniswap, and Consensys.

Analysis suggests that this year's Bitcoin (BTC) chart shows similar patterns to the NASDAQ chart from 25 years ago. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, stated on the 7th via X, "Bitcoin's breakthrough above $100,000 this year could have similar implications to when the NASDAQ index surpassed 5,000 in 2000." McGlone added, "This could create headwinds for risk assets while acting as tailwinds for gold and US Treasury bonds." He also mentioned the recent downward trend in US stocks. McGlone said, "If the US stock market continues to decline, it could become a major pressure factor for crude oil and copper."

It has been revealed that Ethereum (ETH) worth $500 million has been withdrawn from centralized exchanges (CEX) this week alone. Blockchain analysis platform IntoTheBlock announced on the 7th through its official X (Twitter) account that "$500 million worth of Ethereum was withdrawn from exchanges this week." IntoTheBlock stated, "This shows that large-scale accumulation is continuing among Ethereum traders." Typically, an increase in accumulation is interpreted as a bullish signal.

 U.S. President Donald Trump's meme coin Official Trump (TRUMP) project has reportedly generated over $350 million (approximately 500 billion won) in revenue since its token launch. The Financial Times (FT) reported on the 6th (local time) that "analysis of blockchain data shows that wallets held by the Official Trump project operators generated massive profits during the three weeks following the token's launch in January." FT stated, "(The Official Trump project) generated $350 million in revenue on the Solana (SOL) network alone," adding that "it likely earned additional profits through distributed sales on centralized exchanges (CEX) such as Binance." Specifically, the Official Trump project earned about $314 million in revenue from token sales on the Solana network. It made $36 million in fees. FT noted that "it remains unclear whether these profits translated into personal gains for President Trump." Currently, 80%% of the Official Trump circulating supply is held by Trump Group affiliates CLC Digital and FightFightFight. FT reported, "Experts have warned that (Official Trump's) cryptocurrency sales could essentially serve as a mechanism for delivering anonymous donations to Trump while potentially exploiting individual investors."

Coinbase Chief Executive Officer (CEO) Brian Armstrong claimed that "the Group of Twenty (G20) will follow the U.S. cryptocurrency strategic stockpiling policy." CEO Armstrong stated through X (formerly Twitter) that "(the cryptocurrency stockpiling executive order) is a moment that will go down in Bitcoin (BTC) and cryptocurrency history." U.S. President Donald Trump signed an executive order to strategically stockpile Bitcoin and other cryptocurrencies on this day. CEO Armstrong said, "Now G20 countries will also pay attention (to cryptocurrency stockpiling)," adding that "I expect they will eventually follow the U.S. precedent."

An analysis suggests that Bitcoin (BTC) price correction is likely to end at the $78,000 level. Crypto Dan, a CryptoQuant contributor, stated on the 7th via X (formerly Twitter), "The Bitcoin correction period may last a bit longer," adding that "(however) generally, the correction is likely to conclude without significantly deviating from the current low of $78,000." He noted, "If it significantly deviates from this range, we could suspect the worst-case scenario, which is entering a downward cycle." He continued, "If we're in an upward cycle, the correction should end around minus (-) 30% from the all-time high."

Global cryptocurrency exchange Binance has released new Proof of Reserves (PoR) data. On the 7th, Binance updated its Proof of Reserves data as of the 1st of this month through its official website. The reserve ratios for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were all reported to be over 100%. The reserve ratio represents the proportion of cryptocurrencies held by the exchange relative to user assets. Meanwhile, OfficialTrump (TRUMP), the memecoin of U.S. President Donald Trump, has been added to Binance's Proof of Reserves data. OfficialTrump's reserve ratio recorded 100.38% as of the 1st of this month.

Analysis suggests that Bitcoin (BTC)'s position has been significantly strengthened as U.S. President Donald Trump decided to strategically stockpile cryptocurrencies. On the 7th, Darkfost, a CryptoQuant contributor, stated via X, "The U.S. government has decided to hold onto seized Bitcoin and other cryptocurrencies," adding that "(Trump's) executive order clearly defines Bitcoin as 'digital gold'." President Trump signed an executive order that day to strategically stockpile Bitcoin and other cryptocurrencies. He added, "Personally, I didn't expect an announcement about additional (Bitcoin) purchases," saying "(this announcement) is already reflected in the market."

The US Federal Bureau of Investigation (FBI) has placed a $10 million bounty on a former Canadian Olympic athlete accused of laundering drug money through Tether (USDT). The FBI announced on the 6th (local time) that Ryan Wedding, a former Canadian Olympic snowboarder, has been added to their wanted list. On the same day, the US Department of State stated in a press release that "a reward of $10 million will be paid under the Narcotics Reward Program (NRP) for information leading to Wedding's arrest." Wedding is accused of smuggling drugs including cocaine and fentanyl into North America. According to US investigators, he allegedly laundered drug sales proceeds using Tether.

Analysis suggests that Bitcoin (BTC) has more than a 50% chance of reaching a new all-time high within the first half of this year. Cory Klippsten, CEO of cryptocurrency financial services company Swan Bitcoin, revealed in an interview with Cointelegraph on the 7th that "there is more than a 50% chance (Bitcoin) will reach an all-time high before the end of June this year." However, CEO Klippsten emphasized that time is needed. He diagnosed that "the market needs to first digest concerns about trade wars and economic slowdown," adding "the fact that Bitcoin is currently trading below $100,000 should be seen not as the end of the bull market, but merely as a temporary pause." He continued, "The upward momentum after Bitcoin surpassed $100,000 for the first time in history late last year has not completely disappeared," and stated "we are currently in a correction phase, but this will not lead to a long-term sideways market."

Analysis shows that whales (large investors) are increasing their Bitcoin (BTC) holdings. On the 7th, Darfost, a CryptoQuant contributor, stated via X, "Whales have been reducing their (Bitcoin) holdings for more than a month," adding that "this was the longest period of net decrease in the past year." Darfost analyzed, "However, there has been a recent change in whale movement," explaining that "whales have started increasing their (Bitcoin) holdings again, turning the monthly holding variation rate back to 'positive'." He predicted, "If this trend continues, there's a possibility that bullish momentum could be triggered soon."

Solana co-founder Anatoly Yakovenko has positively evaluated President Donald Trump's cryptocurrency-related executive order. On the 7th, Yakovenko stated via X, "(President Trump's) Bitcoin executive order is a precise surgical scalpel" and that "it serves to resolve the regulatory uncertainty that has been a major headache for the past 4 years." President Trump signed an executive order on the same day to strategically stockpile cryptocurrencies including Bitcoin (BTC). Yakovenko emphasized the need for additional actions from U.S. regulatory authorities. He said, "The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) need to establish clear regulations for token issuance and Decentralized Finance (DeFi)," adding that "legislation related to stablecoins and guidelines allowing banks to deposit and withdraw cryptocurrencies are also necessary."

Global cryptocurrency exchange Binance has resumed the listing process for Redstone (RED). Binance announced on the 6th (local time) through its official website that it would list Redstone spot trading. Previously, Binance had temporarily suspended the Redstone listing the day before. This was because Redstone changed the community airdrop allocation ratio from the original 9.5% to 5%. In response, Redstone adjusted the airdrop allocation ratio again.

It has been reported that whale (large investor) funds flowing into the global cryptocurrency exchange Binance have reached their highest level in the past three months. CryptoQuant analyst Maartunn revealed on the 6th through X, "Whale funds flowing into Binance over the past 30 days have reached $7.3 billion," adding that "(this is) the highest in three months." He pointed out that "This phenomenon often coincides with periods of increased price volatility." He further analyzed, "Whale trading activity can move the market," and "The pattern of whale inflows to Binance coincides with price peaks."

World Liberty Financial (WLFI), the cryptocurrency company of U.S. President Donald Trump's family, is strengthening its cooperation with Sui (SUI). Sui announced on the 6th through its official X (formerly Twitter) account that "it has entered into a partnership with World Liberty Financial." Sui stated, "As part of this partnership, World Liberty Financial will include Sui in its 'strategic token reserve'." This means that World Liberty Financial could acquire Sui on a large scale. Sui also mentioned World Liberty Financial's vision. "World Liberty Financial is an innovative decentralized finance (DeFi) protocol inspired by President Trump's vision," Sui said, adding that "it shares a common goal toward a more open and transparent financial world." Meanwhile, as of 11:17 PM today, Sui is trading at $2.86 on CoinMarketCap, up 14.01% compared to the previous day.

David Sacks, the US White House 'Crypto Czar,' directly criticized the previous administration's Bitcoin (BTC) treasury strategy. On the 6th, Sacks revealed via X, "Over the past 10 years, the US federal government has sold approximately 195,000 bitcoins, generating $366 million in revenue." Sacks added, "If they had held onto these bitcoins, their current value would exceed $17 billion." Sacks pointed out that previous administrations' cryptocurrency strategies were inadequate. He stated, "Due to the absence of a long-term (cryptocurrency) strategy, American taxpayers have effectively paid a cost of $17 billion."

Strategy (formerly MicroStrategy), which holds the most Bitcoin (BTC) among single companies worldwide, has been found to account for 30% of the US convertible bond market this year. On the 6th, Strategy announced through its official X account, "Strategy has established itself as the largest issuer of convertible bonds in the US this year," adding that "it has accounted for 30% of the US convertible bond market so far this year." The company stated that "this was made possible by the power of Bitcoin." Strategy has issued $2 billion worth of convertible bonds this year. Strategy's stock price has rebounded after hitting a low at the end of last month, boosted by the recent upward trend in Bitcoin prices. Regarding this, CoinDesk noted that "recently, Strategy's stock price has shown greater volatility than Bitcoin." Meanwhile, Strategy is aiming to be included in the S&P 500 index. CoinDesk stated that "(for index inclusion) Bitcoin price would need to exceed at least $96,000 by the end of the first quarter of this year for it to be possible."

Crypto asset management firm Bitwise has launched a Bitcoin and Gold Exchange-Traded Product (ETP) in Europe. According to CoinDesk on the 6th, Bitwise launched the Bitcoin and Gold ETP (BTCG) on the Euronext exchanges in Paris, France and Amsterdam, Netherlands. The ETP tracks the Diaman Bitcoin and Gold Index.

Bitcoin (BTC) investment sentiment has entered the 'Optimism Stage', according to a new analysis. Woo Min-gyu, a CryptoQuant contributor, stated, "Looking at the Bitcoin Fear and Greed Index over the past month, (investment sentiment) has entered the optimism stage as of March," adding that "this is a very important moment considering past market patterns." Woo suggested the possibility of a Bitcoin rally. He analyzed, "Historically, when the (Fear and Greed) index entered the optimism stage, Bitcoin often began preparing for a strong upward movement," and "conversely, in the Euphoria Stage, substantial corrections typically followed due to excessive market optimism." He continued, "The key point is that considering past patterns, there is a possibility of a significant rise during the optimism stage," and warned that "if prices surge rapidly and reach the euphoria stage, there is also a risk of sharp price correction."

KAITO will be listed on HashKey Global, a virtual asset exchange under the HashKey Group. HashKey Global announced on the 6th through its official website that it will support KAITO spot trading starting on the 7th. A spot listing event will also be held. From that day until the 13th, HashKey Global will provide 10 HashKey (HSK) tokens, the platform's native token, on a first-come, first-served basis to users who deposit 5 or more KAITO or trade KAITO worth 50 or more Tether (USDT).

 An analysis has emerged suggesting that Ethereum (ETH) prices could rebound once the cryptocurrency market stabilizes. On-chain analysis platform Santiment announced on the 6th through its official X account that "Ethereum market sentiment has fallen to its lowest level of the year," adding that "this is because Ethereum has shown underperformance compared to other large assets." The possibility of a rebound was also mentioned. Santiment stated that "currently, bearish sentiment (for Ethereum) is maximized across social media," and that "this suggests the possibility of a rebound when the cryptocurrency market stabilizes." They added that "(bearish sentiment) could be a positive signal for investors who are holding Ethereum with patience."

An analysis suggests that Bitcoin (BTC) price could reach a new all-time high by May this year. Jamie Coutts, senior cryptocurrency analyst at Real Vision, stated on the 6th via X, "The Dollar Index (DXY) recorded its fourth largest decline over three consecutive days in history (this week), while Bitcoin plummeted, experiencing its worst February in the past decade." He added, "In the altcoin market, the Top 200 cryptocurrency index crashed once again." Coutts hinted at the possibility of Bitcoin reaching a new all-time high. He analyzed, "Looking at the chart, the new low ratio has reached 47% over the past 365 days," adding that "this is a typical signal of panic selling within a bull market." He continued, "Now the foundation (for an uptrend) has been established," predicting that "there is a high possibility that Bitcoin and the Top 200 cryptocurrency market cap will reach all-time highs by May this year."

An analysis suggests that Bitcoin (BTC) prices could fluctuate by up to $5,000 following the 'Virtual Asset Summit' hosted by the White House. CoinDesk reported this on the 6th, citing analysis from STS Digital, a virtual asset trading solutions company. Jeff Anderson, STS Digital's Asia regional representative, said in an interview with CoinDesk, "The options market is showing unstable movements ahead of this weekend," adding that "the implied volatility (IV) spread for (this week's) Friday and Saturday shows a difference of about 25 points overall." This means that Bitcoin price volatility could increase significantly immediately after the Virtual Asset Summit scheduled for the 7th (local time). According to STS Digital, Bitcoin could rise or fall by up to about $5,000 immediately after the virtual asset summit. The price volatility for Ethereum (ETH) and Solana (SOL) is expected to be around $135 and $13 respectively. Anderson noted, "(However) expectations for high volatility are often exaggerated compared to actual results."

Wemix (WEMIX) is pursuing a buyback (market purchase) to address price instability caused by the hacking incident. On the 6th, Wemix announced through its official website, "We will first recover the stolen Wemix using the foundation's holdings," adding, "We plan to conduct a Wemix coin buyback to mitigate the impact of the asset theft and restore market confidence." Previously, Wemix suffered damages of approximately 9 billion won when 8.65 million coins were stolen in a hack late last month. Additional investor protection measures are also expected. Wemix stated, "As part of investor protection measures, discussions are underway about methods that can bring positive effects to holders rather than short-term price speculators," adding, "Specific plans will be announced later."

Gracy Chen, CEO of global cryptocurrency exchange BitGet, stated on the 6th that "the (cryptocurrency) bull market is not over." CEO Chen said through X (formerly Twitter) that day, "The recent market instability has not ended the bull market (for cryptocurrencies)," adding that "rather, another rally is approaching." She mentioned the fundamentals of major cryptocurrencies including Bitcoin (BTC). CEO Chen said, "The fundamentals of cryptocurrencies are solid," and "adoption rates continue to increase and institutional investors are increasing their holdings." She then diagnosed that "the market still feels unstable because cryptocurrency is no longer just a 'degen playground'," adding that "cryptocurrencies are moving in conjunction with U.S. policies, macroeconomics, and political changes." She pointed to Trump's second administration as a key variable this year. CEO Chen said, "The biggest variable is still the United States," predicting that "short-term instability is unavoidable as institutions adapt to the regulatory environment along with Trump's policy changes, but the market cycle will not end." She added, "The key factors driving the market in the long term are debt and liquidity," and "the U.S. needs to devalue its debt in the long term, and Bitcoin remains one of the strongest options as a hedge asset." CEO Chen emphasized again that "the bull market is not over." She said, "However, how quickly or slowly this cycle progresses depends on U.S. policy and the liquidity environment."