BESSENT: WE'RE SET ON BRINGING INTEREST RATES DOWN -FOX NEWS INTERVIEW
(@WalterBloomberg)

CANADA WILL BE IMPOSING 25% TARIFFS ON U.S. IMPORTS WORTH C$30 BLN WITH IMMEDIATE EFFECT: PRIME MINISTER TRUDEAU

CANADA TO IMPOSE 25% TARIFFS ON C$125B OF US IMPORTS IN 21 DAYS

IF U.S. TARIFFS PERSIST, CANADA WILL ALSO LOOK AT NON-TARIFF MEASURES

US TARRIFS AREN'T ABOUT FENTANYL, THAT'S LEGAL PRETEXT: TRUDEAU

new Ξ yearly low: $1,990

Donald J. Trump-Inspired World Liberty Financial and Sui Ink Strategic Reserve Deal and Collaboration: SUI

Summary of the Strategic Bitcoin Reserve Executive Order

1. The U.S. federal government will establish a reserve of Bitcoin.

2. The reserve will be funded with Bitcoin obtained through criminal or civil asset forfeitures, meaning no taxpayer money will be used.

3. The Treasury and Commerce Departments are authorized to develop budget-neutral methods to acquire additional Bitcoin. Any acquisition must not impose additional costs on taxpayers.

4. Additionally, the U.S. Digital Asset Stockpile, a separate reserve for digital assets other than Bitcoin will be formed. Will only contain assets seized via forfeiture proceedings.

Source

U.S. TREASURY SECRETARY BESSENT: NEED TO BRING BITCOIN ONSHORE

BESSENT: WE'LL SEE WHAT THE WAY FORWARD IS FOR ANY BITCOIN ACQUISITION

BESSENT: FIRST THING TO DO IS STOP GOVERNMENT BITCOIN SELLING

BESSENT: BIG PROPONENT ON US TAKING WORLDWIDE LEAD ON CRYPTO

The US announced that non-farm payrolls increased by 151,000 in February, lower than the market expectation of 160,000. The US unemployment rate in February was 4.1%, expected to be 4.00%, and the previous value was 4.00%.

gluck trad bros

https://x.com/unusual_whales/status/1898030126031372542

Some takes regarding teams buying back their own tokens

For
- https://x.com/stanikulechov/status/1898723328900075933?s=46&t=2q9OLMlaobNlHLewOXT4uA
- https://x.com/smokeythebera/status/1898736277580599753?s=46&t=2q9OLMlaobNlHLewOXT4uA

Against
- https://x.com/effortcapital/status/1898724351291031816?s=46&t=2q9OLMlaobNlHLewOXT4uA
- https://x.com/lazyvillager1/status/1891039883038261383?s=46&t=2q9OLMlaobNlHLewOXT4uA

imo only works if there is PMF and sustainable revenue

if you survive, you have no choice but to make it

https://www.egirlcapital.com/writings/dE4AzaSbREOMppMqRmFpuA

Last week (March 3 to March 7, ET), Bitcoin spot ETF had a net outflow of US$799 million; Fidelity ETF FBTC had a net outflow of US$201 million; Ethereum spot ETF had a net outflow of US$120 million. — link

Chocolate Finance - regulated fund management platform in Singapore recently experienced high withdrawals due to FinFluencers retracting their support:
- https://youtu.be/4YuAxdDKGsM?si=XfxslrrBbnjnDvWV
- https://youtu.be/wgdmewpyyO0?si=Zy4JU9dnHGyZWVx6

Seems theres a delay in instant withdrawals due to high demand
(https://news.1rj.ru/str/c/1870681157/101167)

Some thoughts
- It’s an MMF, not a bank or FD. They invest money for you and don’t lend it out, should have enough to cover.
- People speculating that the YouTubers sparked the fear and hence the high withdrawals - content creators are quite influential.
- PTSD as it reminds me of FTX, Celcius and Hodlnaut. Will always be sceptical of people shouting “risk free”, “guaranteed returns”, “principal protected”.

JUST IN: 🇸🇬 Singapore Exchange to list Bitcoin perpetual futures.

@WatcherGuru