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U.S. SEC ends probe into Bored Ape NFTs creator Yuga Labs, company says The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, according to an announcement on X. Yuga Labs said, "This is a huge win for NFTs and all creators pushing our ecosystem forward." The Block reported that the SEC began investigating Yuga Labs back in October 2022. With this closure, Yuga Labs joins a list of other crypto companies that have recently seen their SEC cases resolved. The SEC has recently closed its probes into several crypto firms, including Robinhood, Gemini, UniSwap Labs, MetaMask and OpenSea. It has also reached settlements with both Coinbase and Kraken.

Recently, President Trump announced five cryptocurrencies he wants included in a new strategic reserve to make the U.S. “the Crypto Capital of the World.” Following the announcement, the prices of Bitcoin, Ethereum, XRP, Solana, and Cardano all quickly rose. The posts sparked a rise in crypto prices, which had fallen sharply after their initial surge following his election. Notably, A crypto whale who placed large 50x leverage long bets on Bitcoin and Ether before President Trump’s Crypto Strategic Reserve announcement has made nearly $7 million in profit. 🔸 Miscalculation By Trump? However, Some tech and crypto leaders, along with “Bitcoin maximalists,” have criticized Trump’s plan to include coins other than Bitcoin in the reserve. Peter Schiff, a well-known Bitcoin and crypto critic, stated, “I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. Bitcoin is digital gold, better than analog gold. But what’s the rationale for an XRP reserve? He shared. Coinbase CEO Brian Armstrong responded to Trump’s crypto reserve announcement, suggesting that Bitcoin alone would be the best choice. “Just Bitcoin would probably be the best option — simplest, and clear story as successor to gold,” Armstrong wrote, adding that he was still forming an opinion on asset allocation. During his campaign, Trump strongly supported the crypto community, while Biden took a tougher stance on crypto due to fraud and money laundering concerns. The details of Trump’s new crypto stockpile are not clear yet, but more details could be revealed at the Crypto Summit on Friday. 🔸 Crypto Summit Upcoming- Bullish News? Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to meet Bo Hines and David Sacks to discuss regulations and stablecoin oversight, among other topics, as cryptocurrency prices make a modest recovery from their recent drop. #Crypto

While virtual currencies are renowned for their volatility, new surprises never end in the market. Today, according to data reported by Onchain Lens, a whale suffered massive losses after selling tokens at a loss. This activity signals that whales are beginning to panic and sell at lows. Whale losses $14 million In a post shared on X today by Onchain Lens, the whale sold 531.7 billion PEPE tokens for $4.1 million DAI, losing $7.02 million. The whale purchased these PEPE coins for $11.1 million in December 2024. In the past 1 hour, a whale sold 531.7B $PEPE for $4.1M $DAI, losing $7.02M. These $PEPE were bought for $11.1M in December 2024.The whale is also offloading $BEAM, selling 88M for $709k $DAI, with 173.6M $BEAM left, worth $1.41M. Originally bought for $9.28M, this results in a… pic.twitter.com/9LXYz9YlfW — Onchain Lens (@OnchainLens) March 2, 2025 Also, the whale sold 88 million BEAM tokens for $709,000 DAI. He currently holds 173.6 million BEAM tokens worth $1.41 million. As per data, the whale initially bought all 261.6 million BEAM tokens for $9.28 million. However, today’s sales rendered him a loss of $7.15 million. In total, this whale has suffered a loss of $14.17 million as a result of selling the PEPE and BEAM tokens. Holding some BEAM tokens in his wallet means that the whale had tested success with BEAM, giving some good profits. Such wins gave him confidence not just in reinvesting in BEAM, but also in acquiring PEPE, a prominent meme coin. His aggressive accumulation signifies the high-risk, high-reward attitude normally witnessed in digital asset trading. He held his investment for several months. However, his sales activity today happened at a time when prices of PEPE and BEAM are down. Although the specific reasons for the price declines are not known, the ongoing volatility within the broader market appears to be the major cause. As the prices continued to fall, the investor moved to minimize losses by selling the tokens. The whale transacted sales worth $4.809 million but triggered a disastrous loss of $14.17 million. Lessons learned from this whale’s activity Crypto investors can learn a lot from this whale’s heavy loss. The accident provides multiple important lessons for people engaging in the market. First, risk management is essential. People should never invest more money than they can afford to lose. The investor’s aggressive investment, after initial profits, indicates the risk of overconfidence and insufficient risk mitigation plan. Secondly, the need to diversify a portfolio across several assets can help minimize risk. The third point is that investors should be prepared for price volatility. They should avoid panic selling or purchasing tokens based on short-term price swings. Lastly, while profit-taking activity is important, investors should be careful and take profits when they are in a better position. Greed normally makes investors miss opportunities and incur losses. Like the case above, this whale could have avoided such massive losses by cashing out profits earlier.

Gemini Co-Founder: XRP, SOL & ADA not suitable as reserve assets Gemini co-founder Tyler Winklevoss asserted on X that while he has nothing against $XRP, Solana ( $SOL ) or Cardano ( $ADA ), he doesn’t think they are suitable as strategic reserve assets. He added: “Only one digital asset in the world right now meets the bar and that digital asset is bitcoin.“

China accelerating efforts to build a strategic Bitcoin reserve As the direction of cryptocurrency regulation in the United States changes, reports are spreading that China is actively working on a strategic Bitcoin reserve, Crypto Briefing reported. Bitcoin Magazine CEO David Bailey stated via X that China is doubling down on its own strategic Bitcoin reserve, with the Chinese having held a series of private meetings on the matter. It appears that Beijing is paying attention to Bitcoin as part of its de-dollarization strategy to ease its economic dependence on the United States.