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BTC $68,058.53 -1.09%
ETH $1,971.56 -0.63%
BNB $619.22 +0.50%
XRP $1.46 -1.39%
SOL $85.80 +0.20%
TRX $0.2839 +1.49%
DOGE $0.0987 -3.56%
ADA $0.2819 -0.13%
BCH $558.49 +0.20%
LINK $8.80 -0.31%
HYPE $29.81 -0.07%
AAVE $124.75 -2.21%
SUI $0.9667 +0.10%
XLM $0.1660 -1.89%
ZEC $283.31 -0.30%

ami

Reuters: US Senator Calls for Foreign Investment Committee to Investigate UAE's Stake in Trump Family's Cryptocurrency Company

According to a report by Reuters, two Democratic senators from the U.S. Senate Banking Committee, Elizabeth Warren and Andy Kim, have written to Treasury Secretary Scott Bessent, requesting a review of a transaction involving an Emirati entity acquiring a stake in a cryptocurrency company owned by the Trump family.It has been reported that a company under the Emirati national security advisor purchased a 49% stake in World Liberty Financial for $500 million. The two senators are calling for an investigation into whether this transaction poses any national security risks.Warren and Kim are asking Bessent, who is responsible for the Committee on Foreign Investment in the United States (CFIUS), to determine whether a CFIUS review is necessary for the Emirati acquisition of the 49% stake in World Liberty Financial, and if so, to conduct a comprehensive, thorough, and fair investigation. They have requested that Bessent respond to several questions by March 5, including whether CFIUS has reviewed the transaction in any form or submitted any recommendations to President Trump.The two senators pointed out that the transaction raises significant national security concerns regarding whether countries like the UAE could potentially access "sensitive personal information" collected by World Liberty Financial.

Analyst: Recently, the selling pressure on Bitcoin mainly comes from trapped positions, with bulls showing a "pyramid buying" pattern during the decline

On-chain data analyst Murphy posted on social media that after Bitcoin reached a high of $97,000 on January 15, it quickly dropped to $73,000, swiftly breaking through the psychological support of $80,000. Under the dominance of panic sentiment, the trapped positions above $80,000 have net decreased by over 610,000 coins within 20 days, accounting for 88% of the total outflow, becoming the main source of selling pressure.However, on-chain URPD data reveals an important structural change: the selling pressure from long-term holders has significantly weakened (only accounting for 9.7% of the reduction), indicating a clear reluctance to sell among long-term holders. Meanwhile, there has been strong buying in the $70,000-$80,000 range, with a net purchase of about 450,000 BTC, nearly double the absorption volume in the $80,000-$90,000 range, suggesting that some funds are "buying more as prices drop," using real money to layer their resistance.Murphy stated that the difference in this cycle compared to previous ones is that bulls are showing sustained and layered defense during the decline, with the accumulation zones gradually moving down rather than collapsing in a step-like manner. Although there are pessimistic predictions that "the bear bottom will see $50,000 or $30,000," once the bears compress the bulls' defense to the extreme, coupled with a lack of supply, the market may welcome a strong counterattack from the bulls.
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