ChainCatcher message, David Sacks responded on the X platform to previous reports about his sale of crypto assets, stating that he did not "dump" crypto assets, but rather divested them in accordance with government ethics regulations, emphasizing that he had hoped to retain these assets but was required by policy to carry out the operation. He added that it is his honor to serve President Trump and the American people.

ChainCatcher news, according to Bloomberg, European Central Bank Governing Council member Francois Villeroy de Galhau stated that the U.S. support for cryptocurrencies and non-bank finance could potentially trigger the next financial emergency.In an interview with the French weekly "Le Journal du Dimanche," he said: "The U.S. could commit a crime out of negligence. Financial crises often originate in the U.S. and spread to other parts of the world.By encouraging crypto assets and non-bank finance, the U.S. government is sowing the seeds of future turmoil." Galhau added that regulation in Europe is more secure and stated that there is no risk of a banking crisis occurring in the EU.

ChainCatcher message, U.S. Treasury Secretary Scott Bessent stated at the crypto summit: "We will end the regulatory crackdown on digital assets. The actions of the Biden administration have done nothing but punish innovators, and we will think deeply about the stablecoin system. As directed by Trump, we will maintain the United States' position as the dominant reserve currency in the world. We will achieve this through stablecoins. Technology is the foundation for President Trump; he embraces technology and will leverage it to move America forward."

ChainCatcher news, White House AI and cryptocurrency chief David Sacks posted on social media that the executive order signed by President Trump also establishes a U.S. digital asset reserve, which includes digital assets other than Bitcoin seized in criminal or civil proceedings.Apart from assets obtained through the forfeiture process, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department.

ChainCatcher news, according to the International News Agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the national welfare fund, particularly it will not include cryptocurrency assets—cryptocurrency assets are too volatile, and the current accumulation level of the national welfare fund does not allow for high-risk investments.Kolychev stated that he has not heard of any discussions in Russia about creating a cryptocurrency strategic reserve similar to the plan of the Trump administration. He said, "This is more of a central bank issue. Honestly, I haven't heard of such discussions." Kolychev added that it is still too early to discuss the possibility of including cryptocurrency assets in the investment structure of the national welfare fund.

ChainCatcher News, the U.S. SEC meeting memo shows that the U.S. Securities and Exchange Commission's cryptocurrency working group held a meeting with representatives from WisdomTree and its affiliates on March 5 to discuss issues related to the regulation of crypto assets.The agenda included operational aspects of tokenized funds, physical trading of digital asset exchange-traded products, and net capital rules for broker-dealers in crypto assets.Participants from WisdomTree included Chief Legal Officer and Head of Digital Asset Business and Legal Affairs Ryan Louvar, as well as Jason Mulvihill, Founder and President of Capitol Asset Strategies, and Chris Hayes, Managing Partner. The meeting aimed to explore ways to address issues related to the regulation of crypto assets.

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that the market's reaction to Trump's cryptocurrency reserve plan is "overinterpreted." Despite the flaws in the plan, it is still overall positive news. After Trump announced on Sunday the directive for a task force to advance the U.S. cryptocurrency strategic reserve plan, which includes BTC, ETH, XRP, SOL, and ADA, these assets rose by 10%, 15%, 25%, 30%, and 70% respectively from last week's lows, but subsequently, Bitcoin fell over 10%, and Ethereum plummeted over 15%.In a report sent to clients on Tuesday, Hougan pointed out that the market's cautious stance on the plan is mainly due to the inclusion of cryptocurrencies other than Bitcoin in the reserves, "especially the inclusion of speculative assets like Cardano, which feels more like a political consideration rather than a strategic choice." He emphasized that the market is overlooking three key factors: first, Trump's negotiation style means that the initial proposal will not be the final version; second, this move by the U.S. could trigger a global Bitcoin accumulation race; and finally, once acquired, these cryptocurrencies are likely to be held long-term without being sold.Bitwise CEO Hunter Horsley, Coinbase CEO Brian Armstrong, and Gemini founders the Winklevoss twins share the same view, believing that a pure Bitcoin reserve is the best option. Hougan expects that the Trump administration will ultimately push for some form of reserve plan, "The U.S. government's announcement that cryptocurrencies have 'strategic' significance is positive in itself, and I believe the market will eventually realize this."

ChainCatcher news, according to Cryptonews, the Enforcement Directorate (ED) of India has chosen the cryptocurrency exchange CoinDCX to manage the seized digital assets. As part of the collaboration, CoinDCX will provide a secure custody infrastructure to store and manage the confiscated assets.Indian authorities have intensified their enforcement against cryptocurrency fraud, seizing assets worth nearly $200 million in the GainBitcoin and BitConnect scams.Assistant Director of the Enforcement Directorate, Parneet Kumar, stated that CoinDCX has cooperated during the seizure process, assisting the ED in the investigation and ensuring compliance with all legal requirements.

ChainCatcher news, Placeholder partner Chris Burniske tweeted that the current market sentiment is low, and many people are choosing to sell at the lows, but he believes this is an opportunity rather than an endpoint. He thinks that this may just be a pullback in the bull market, not the peak of this bull run. Even if Bitcoin may still drop a bit, selling now might not be a good choice, as it could lead to missing out on subsequent rises.He advises investors to stay calm; if they don't know what to do, they can choose not to look at price fluctuations. If they still have funds, they might consider buying in batches when the market looks very attractive or when sentiment is at its most pessimistic. He reminds them not to trust those who "always trade perfectly," as holding onto promising assets for the long term is key.Burniske also mentioned that the speed of price fluctuations in Bitcoin and crypto assets is the fastest in financial markets. If the stock market experiences greater volatility, policies may intervene, and the crypto market will respond most sensitively to this. He encourages investors not to miss opportunities due to fear or frequent trading and is confident about the future of the blockchain industry, believing that institutional entry and technological applications are accelerating.

ChainCatcher news, Farcaster co-founder Dan Romero tweeted a prediction about crypto asset reserves: the government will only retain seized assets and will not make new purchases; Bitcoin will account for 80% of the reserves. XRP and ADA may be included in the reserves through physical tax payments or similar donations.

ChainCatcher news, after U.S. President Trump announced the advancement of a cryptocurrency strategic reserve including BTC, ETH, XRP, SOL, and ADA, the SoSoValue index token MAG7.ssi has surged over 18% in the past two hours.It is reported that MAG7.ssi is an index token issued on the Base chain, covering the top seven cryptocurrencies by market capitalization, including the five tokens mentioned by Trump. Following this news, XRP within the index briefly rose by 32%, and ADA soared by 67%, driving the overall increase of the MAG7.ssi index fund token.As of now, the TVL (Total Value Locked) of the SoSoValue index token MAG7.ssi has reached $153 million, with a total of 162,522 holders. Additionally, the SoSoValue platform token SOSO has increased by over 15% within an hour.

ChainCatcher news, Binance founder Zhao Changpeng (CZ) stated that the market is currently clearly dominated by "US Coins," which are driving the development of crypto. He is pleased to see any progress made in cryptocurrency adoption, benefiting the industry as a whole, and encourages continued building.

According to ChainCatcher news reported by Cryptopolitan, Japan's Finance Minister KATO Katsunobu mentioned the possibility of imposing a 110% tax rate on crypto assets during a House of Representatives budget committee meeting (inheritance tax + income tax + resident tax = 110%). He stated that, under current laws, such a situation could indeed exist, and that the tax rate "is not limited to crypto assets" and "only applies in cases of extremely high profits."