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As the United States crypto administration gradually shifts to a more favorable stance, US authorities have begun releasing previously seized Chinese-made cryptocurrency mining equipment.

These machines which happens to be vital for the blockchain infrastructure, had been held up at various ports for months, leaving thousands of units in limbo.

Detailing The Release And Reason Behind The Initial Seizures

The crypto mining equipment, equipped with advanced chips, supports blockchain networks by solving complex mathematical problems, earning operators digital currency rewards.

Latest report citing Taras Kulyk, CEO of Synteq Digital, explained that “thousands of units have been released,” but also noted that as many as 10,000 devices were once stuck in US customs.

The initial seizures, conducted by US Customs and Border Protection (CBP) and the Federal Communications Commission (FCC), reportedly stemmed from concerns over security risks associated with Chinese-manufactured components.

According to Reuters, the U.S. has recently begun releasing some previously seized Chinese-made cryptocurrency mining machines, with up to 10,000 units held at various ports of entry. Synteq Digital CEO Taras Kulyk stated that some CBP officials hold a negative stance toward…

— Wu Blockchain (@WuBlockchain) March 5, 2025

Reuters citing Blockspace reported that certain machines contained chips from Sophgo, a company restricted due to alleged ties to Huawei. These concerns, along with broader trade tensions between the US and China, contributed to the decision to hold the mining equipment. Reuters wrote:

U.S. Customs and Border Protection and the Federal Communications Commission began seizing certain bitcoin mining equipment late last year, industry publication Blockspace reported in November, opens new tab. The publication said at least some of the machines may have been detained because they carried chips from the trade-restricted Chinese chip company Sophgo.

Security Concerns and Industry Reactions

The detentions of the equipements raised alarms within the cryptocurrency sector. Ethan Vera, chief operating officer of Luxor Technology, confirmed that while some shipments have been released, “it is still a minority of them.”

Both Vera and Kulyk suggested that the reasons cited—such as concerns over radio frequency emissions—lacked merit. Kulyk remarked that certain officials “didn’t like Bitcoin mining” and effectively created significant obstacles for the industry.

It is worth noting that this release of mining equipment—seized for months—comes amid a shift in the US government’s stance on cryptocurrency.

Particularly, following the appointment of pro-crypto Donald Trump as the 47th president of the United States, the country has seen more friendly policies towards cryptocurrency.

Just recently, Trump announced plans for a US crypto strategic reserve, which is set to include Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), XRP, and other major cryptocurrencies.

Featured image created with DALL-E, Chart from TradingView

On Sunday, US President Donald Trump unveiled a Strategic Crypto Reserve featuring multiple digital assets: Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA). Many observers were initially surprised to see altcoins—particularly XRP, SOL, and ADA—in a federal-level announcement once presumed to revolve solely around Bitcoin. Now, new revelations from Unchained suggest that Ripple may have brokered the inclusion of Solana through backdoor lobbying to bolster XRP’s credibility in the eyes of policymakers and the crypto community.

Has Ripple Pushed SOL And ADA Into The Reserve?

A report by Unchained suggests that Ripple Labs executives championed Solana’s addition in an effort to avoid suspicion that President Trump’s reserve would only benefit XRP. According to two sources familiar with the matter, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty pitched the White House on the importance of having multiple US-based tokens in any federally endorsed crypto basket.

Several commentators say Ripple knew it would look questionable to promote a reserve that included XRP but not other high-profile altcoins. One analyst pointed to the fact that Solana and Cardano are widely perceived as more neutral or “community-driven” than XRP, which has been the subject of ongoing speculation about the scale and legitimacy of its usage.

Notably, many observers found it odd that Trump did not mention Bitcoin and Ether in his first public post on Truth Social, especially given their top market status. By contrast, XRP, SOL, and ADA were explicitly named first. This sequence seemed at odds with market norms and has led to more questions about what the Trump administration’s real intentions might be.

When pressed for clarity on whether Ripple had specifically recommended Solana be added to make XRP’s place in the reserve more palatable, a Ripple press representative referred reporters to a Sunday tweet by CEO Brad Garlinghouse.

“I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry. Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration’s SEC’s very broken thinking. I will certainly continue to champion this while in Washington at the end of this week.”

Notably, Solana co-founder Anatoly Yakovenko is bluntly skeptical of the concept of a government-controlled crypto reserve. Via X, he posted:

“My reserve order of preference

No reserve, because if you want decentralization to fail you’d put the government in charge of it. Or states run their own reserve as a hedge against the fed making a mistake Or if there has to be a reserve, it’s based on objectively measurable requirements. … If there is a target to beat, the solana ecosystem will get it done.”

Related Reading: Ripple Negotiating Hard? Lawyer Thinks It’s Causing SEC’s Case Resolution

When pressed by Unchained’s Laura Shin, Yakovenko later added that he had no knowledge of Solana being pitched by anyone, especially from Ripple, saying, “What’s a Solana representative? At this point it’s honestly like saying a bitcoin representative. No one asked me, and I didn’t pitch it.”

Meanwhile, Charles Hoskinson, founder of Cardano, echoed a similar sentiment in a March 5 video: “We knew nothing about ADA being selected for the reserve. It was news to me.” This leaves room for speculation that Ripple also pushed ADA into the reserve with the same reason, only to lend credibility to their own interest, the inclusion of XRP.

Hoskinson described learning of ADA’s inclusion only after receiving hundreds of congratulatory messages, explaining that any potential attempt to engage with the White House before the announcement never materialized: “We never even knew about it, and nobody even talked to us about it,” he added.

As speculation mounts, industry insiders now eagerly await the first Crypto Summit at the White House on Friday. This event is expected to yield more details on the composition and procurement strategy of the crypto reserve. Commerce Secretary Howard Lutnick hinted that the focus could be primarily on Bitcoin:

“A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday. So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently.”

At press time, XRP traded at $2.58

Scott Bessent hasn’t wasted much time.

The US Treasury Secretary expressed an intention to lower US interest rates in a recent video. And – while not entirely due to Bessent, of course – the US dollar is already showing signs of weakening, spurring hopes for Bitcoin ($BTC) and new crypto projects.

A weakening dollar is a positive sign for Bessent’s quest for lower rates, and also a bullish indicator for crypto. A falling dollar could set up crypto for a strong Q2, historically one in which crypto has struggled.

Not that everything is coming up roses just yet; the Crypto Fear & Greed index remains mired firmly in ‘fear,’ indicating a broad lack of certainty and confidence.

The general consensus is that there is no consensus; instead, the market seems to be waiting impatiently for the White House Crypto Summit on March 7.

In the meantime, market volatility remains an ever-present promise and a threat. Will pending Mt. Gox moves rile the market further? Or will new cryptos like BTC Bull Token ($BTCBULL) ride a resurgent $BTC to big gains?

Mt Gox Moves Again

Arkham Intelligence flagged a $1B worth of $BTC move between Mt. Gox-related wallets, the latest shift of assets to be repaid in the decade-long wake of the collapsed exchange.

The concern with the Mt. Gox moves rests on possible sell-offs. The $BTC coins in question are likely intended for repayments to various creditors of the failed exchange, as part of a long-running and gradual repayment plan.

If those creditors immediately sell their $BTC, it could flood the market and drive prices down.

However, the market is less susceptible to such price shocks than it used to be; $BTC’s 24-hour trading volume stands at $52.12B, better able to absorb momentary shocks than ever before, even if all the Mt. Gox recipients immediately sold their holdings.

Still, investors remain cautious, and the combination of pending Mt. Gox moves and continued fear adds to the overall sense that the market is walking a tightrope, equally capable of dramatic increases or precipitous falls.

BTC Bull Token: New Crypto Ready to Ride Any Q2 Gains

That’s even more true for meme coins, notoriously volatile even amongst cryptocurrencies.

$BTC, by crypto standards, is comparatively steady, the past week’s performance notwithstanding. So what if you could link a new meme coin to $BTC, and build on both meme coin momentum and $BTC’s remarkable 230% AAR (average annual return)?

The answer to that question is BTC Bull Token. The $BTCBULL token, currently in presale with over $3.2M raised, is tied directly to $BTC’s continued market dominance. $BTC price increases trigger key token events in the BTC Bull ecosystem.

At $BTC’s $125K, $175K, and $225K milestones, $BTCBULL tokens will be burnt, reducing overall supply and spurring demand.

At BTC $150K and $200K targets, BTC Bull holders will receive $BTC airdropped directly in their crypto wallets through the Best Wallet app.

That gives BTC Bull participants three ways to earn – $BTCBULL presale staking, potential $BTCBULL price increases, and $BTC airdrops.

The project structure sets up BTC Bull as the first-ever $BTC-linked meme coin. With $BTC’s price predicted to regain ground quickly and potentially reach $150K by the end of 2025, $BTCBULL holders could see the project quickly reaching key elements of the roadmap.

$BTCBULL tokens are currently available at $0.002395. Visit the presale page and learn more about how to buy BTC Bull Token.

Crypto Hype Continues, Feeds BTC Bull Token

Despite the choppy market, investors and analysts are still optimistic about $BTC’s long-term performance.

Rauol Pal, CEO of Real Vision, sees the current unsteady market giving way to growth as certain financial conditions ease. In turn, that should set $BTC and crypto presales up for a strong performance as 2025 progresses.

As always, don’t take our word for it. None of this is financial advice, and savvy investors always do their own research.

As market turbulence continues, be ready for anything; and if you’re looking for ways to capitalize on $BTC’s success, take a look at new crypto like the BTC Bull Token.

Bitcoin’s price has shifted toward an upside direction, allowing it to reclaim the pivotal $90,000 mark after facing heightened bearish and selling pressure over the past few days driven by macroeconomic uncertainty. 

The flagship asset recently rose to the $94,000 threshold following US President Donald Trump’s latest announcement of a crypto strategic reserve before dropping again to $82,000. With BTC surging once again, renewed optimism has entered the market as investors anticipate a larger rebound.

Price Discovery Phase On The Horizon

Given the robust volatility in the market presently, Bitcoin has failed to maintain an upward movement for an ideal period. During the price fluctuations, Alphractal, an advanced on-chain data and investment platform, has outlined a crucial moment for BTC that could impact its market dynamics.

According to the on-chain platform, Bitcoin is approaching a critical juncture as it moves closer to entering a price discovery zone. This move comes as bullish sentiment rises about Bitcoin’s prospects despite the ongoing volatility in the broader crypto market.

Specifically, this price recovery zone is located between the $70,000 and the $90,000 range, indicating a $20,000 price gap. Furthermore, within this zone, key derivatives metrics such as Open Interest (OI), trade count, and buying volume are showing a lack of historical consolidation.

As BTC aims to enter the price recovery zone, Alphractal highlighted that the $100,000 level is likely to become the next key resistance area. Meanwhile, the $70,000 mark is expected to act as a support range once BTC enters the price recovery zone.

When this happens, the platform points to the frequent liquidations of longs and shorts’ BTC positions due to poor price stability. With bullish momentum growing once again and key levels being tested, this move may extend, propelling the asset toward higher price levels.

Data from CoinMarketCap shows that Bitcoin has rebounded by nearly 3% in the last 24 hours, bringing its price slightly above the $90,000 mark. In spite of the brief rebound, selling pressure continues to increase as BTC‘s trading volume has plummeted by more than 26% in the past day.

Bitcoin Whale Transaction Volume At Neutral Level

While Bitcoin price performance wanes, investors’ sentiment appears to have weakened, as evidenced by a decline in large investors or whale transaction volume over the past 2 years. Alphractal reported that the volume of transactions above $100,000 from large investors has remained neutral since November 2022 compared to 2021 when BTC witnessed significant movements.

There has also been a decrease in on-chain volume over time. When compared to earlier times, the volume of BTC transactions on the blockchain is still lower. On-chain volumes have occasionally fallen to levels not seen since 2014, which suggests that network activity is declining.

Bitcoin has faced massive volatility and sharp price swings as the market remains uncertain about the coming weeks. After briefly losing key levels at $90,000 and $85,000, BTC saw a strong reaction from bulls, surging back to $95,000 following President Trump’s announcement of a U.S. Strategic Crypto Reserve. This rally temporarily boosted sentiment, but Bitcoin has since retraced and now hovers around the $90,000 mark, struggling to define a clear direction.

At this stage, BTC is at a critical point, with traders closely watching whether it will reclaim higher levels or face renewed selling pressure. CryptoQuant data reveals that the sentiment index has recovered above 55.3%, suggesting that market confidence is improving and a recovery could be on the horizon. A sustained move above $90K would reinforce bullish momentum, potentially setting the stage for another push toward all-time highs.

However, uncertainty remains, and a failure to hold current levels could signal further downside risk. With sentiment showing signs of recovery, Bitcoin’s next move will be crucial in determining whether the market is ready to shift into a new bullish phase or if further consolidation is needed before a decisive breakout.

Bitcoin Sentiment Resets – What’s Next?

Bitcoin’s recent price moves and volatility have triggered a rollercoaster of sentiment shifts, going from extremely bearish to extremely bullish and back to bearish—all in less than a week. This type of rapid sentiment change is typical during periods of market uncertainty, as clear trends usually align with sustained sentiment shifts. With Bitcoin struggling to establish a firm direction, traders remain on edge, watching for the next decisive move.

Top analyst Axel Adler shared insights on X, revealing that the sentiment index has recovered above 55.3%, signaling a potential shift in market confidence. This strengthening bullish sentiment could provide the necessary momentum for Bitcoin to start a rally into higher levels.

BTC has struggled to retest its all-time high (ATH) since late January, with every attempt facing strong resistance and market hesitancy. If sentiment continues to improve, Bitcoin may finally gain the strength needed to break through key resistance zones.

However, the market remains at a crucial turning point. The next few trading sessions will be key in determining whether BTC can confirm a bullish trend or if it will face another retrace. If Bitcoin can hold above critical support levels and reclaim $95,000, the probability of a sustained rally increases. But failure to maintain current momentum could lead to another wave of selling pressure, extending Bitcoin’s consolidation phase and delaying its next breakout attempt.

BTC Holding Above $90K

Bitcoin is currently trading at $90,700 after finally reclaiming the $90,000 level, a crucial psychological and technical price point. However, there is still no confirmation that this level will hold, as volatility remains high, and prices could drop again before the end of the week.

For bulls to maintain control, Bitcoin must stay above $90K and build momentum toward reclaiming $95,000. If BTC successfully clears this level, it could set the stage for a push beyond $100,000, marking a significant breakout and renewing bullish sentiment across the market.

On the downside, losing the $85,000 level could trigger massive selling pressure, potentially sending BTC into lower demand zones and extending its period of uncertainty. This would weaken bullish momentum and raise concerns about another deeper correction.

With Bitcoin hovering near critical price levels, traders are watching closely for signs of either a confirmed breakout or another pullback. If bulls can sustain current gains and push higher, the market could see a renewed bullish cycle. However, if BTC struggles to hold support, another period of downside pressure may be ahead, delaying any significant recovery.

Featured image from Dall-E, chart from TradingView

Cardano founder Charles Hoskinson has confirmed he was not invited to the upcoming March 7 White House crypto roundtable by US President Donald Trump. While industry leaders and policymakers prepare for the four-hour event in Washington, Hoskinson is heading to Japan, where he will meet with the Cardano community and regulatory officials.

In his latest livestream titled “Japan”, Hoskinson addressed the White House summit, dismissing the notion that such meetings significantly shape long-term crypto policy. “We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday,” he said with regards to rumors on X. “So I’m going to operate under the assumption I have not been invited to go to this gathering.”

Cardano Founder Goes To Japan

Hoskinson emphasized that while White House engagement draws attention, substantive regulatory progress will be determined in Congress and administrative agencies rather than in high-profile executive branch meetings. “The President signs the laws; the legislative branch writes the laws,” he noted, pointing to ongoing efforts to pass a stablecoin bill, a market structure bill, and other crypto-related legislation. “The vast majority of the sustainable, permanent action that will be done will be at the legislative branch level.”

The Cardano founder also stressed the complexity of crypto regulation, arguing that defining digital assets and establishing legal frameworks require deeper engagement beyond a single White House meeting. He cited multiple US. agencies—including NIST, the SEC, CFTC, and Treasury—that will need to create technical and legal definitions before federal crypto policy can take shape.

Hoskinson also referenced the challenge of defining “American cryptocurrencies” in the context of proposed tax exemptions. He questioned how regulators would classify assets such as Bitcoin and Ethereum, given their global origins. “Is Ethereum an American crypto? It was founded in Switzerland, the ICO occurred in Switzerland, and the inventor is Canadian,” he noted. “What about Bitcoin? We don’t even know who the founder is.”

Beyond Washington, Hoskinson emphasized the need for international regulatory coordination, pointing out that countries such as Switzerland, the UAE, the UK, and Japan have been regulating cryptocurrencies for years. He questioned whether US policymakers would incorporate these existing frameworks into their approach. “This is a global industry, not just an American industry,” he stated. “Where are the international regulators in this process? What about the FCA in the UK, FINMA in Switzerland, the Singapore Monetary Authority, or Japan’s JFSA?”

Hoskinson’s Japan trip aligns with his broader vision of Cardano as a global blockchain network rather than one tied to any single jurisdiction. Japan has been a crucial market for Cardano since its inception in 2015, with strong community support and regulatory engagement.

“Cardano is for the world,” he said. “It’s why we were in Africa, it’s why we went to Argentina for our constitutional convention, and it’s why we’re heading to Japan now.”

Hoskinson was critical of the crypto industry’s tendency to focus on optics rather than substantive policy work. He cautioned against treating regulatory engagement as a “popularity contest” and dismissed the idea that a White House invitation would determine a project’s long-term success.

“If you believe for a moment that your cryptocurrency is going to do well because somebody went to a vanity affair, you’re a fool,” he said. “It tells you you know absolutely nothing about how the US government works.”

He also noted the political volatility of crypto regulation, referencing past government actions against major players such as Coinbase, Kraken, and Ripple. “Not too long ago, the US government was brutally attacking Coinbase, Kraken, and XRP. Now suddenly ADA is allegedly part of a national reserve? That’s whiplash,” he said.

What’s Next for Cardano?

While US policymakers debate crypto regulation, Hoskinson remains focused on Cardano’s development and adoption efforts. He outlined key priorities, including expanding Bitcoin DeFi capabilities on Cardano, implementing new governance mechanisms through Leios, advancing the Midnight privacy chain project and engaging with international regulators across Europe, the Middle East, and South America.

Hoskinson also reaffirmed his commitment to long-term crypto policy engagement, stating that Cardano’s policy team would continue working with lawmakers. However, he believes regulatory clarity will take years to achieve, requiring bipartisan cooperation and sustained industry involvement.

“Crypto legislation needs to be written in a way that will stand the test of time—just like the Securities Exchange Act of 1933, which is still relevant today,” he said.

At press time, ADA traded at $0.94.

Nayib Bukele, the president of El Salvador, is not changing his mind on his Bitcoin approach. He said he will continue to buy Bitcoin, despite the opposition of some sectors–the International Monetary Fund included.

Bukele stated that purchases will continue even though the IMF, as part of a $1.4 billion funding deal, urged the nation to cease amassing Bitcoin.

The president still plans to acquire one Bitcoin every day, which validates his conviction that the world’s top crypto asset will eventually help his country.

“This all stops in April. This all stops in June. This all stops in December. No, it’s not stopping,” Bukele said in an X post. IMF Wants Bitcoin Purchases To Stop

The IMF has been vocal about its concerns regarding El Salvador’s Bitcoin adoption. It believes that continuing to buy Bitcoin poses risks to the country’s financial stability. The organization has recommended that El Salvador avoid using public funds to acquire more of the cryptocurrency.

Despite these warnings, the country has already made significant gains. With Bitcoin’s price reaching new highs, El Salvador’s holdings have reportedly turned profitable. The government has not disclosed recent figures, but earlier reports suggested that the country holds over 2,800 BTC.

“This all stops in April.” “This all stops in June.” “This all stops in December.”

No, it’s not stopping.

If it didn’t stop when the world ostracized us and most “bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future.

Proof of work > proof of whining https://t.co/9pC0PoY3YQ

— Nayib Bukele (@nayibbukele) March 4, 2025

El Salvador’s Bitcoin Stash

Some government’s didn’t agree with El Salvador’s choice to start buying Bitcoin in 2021. Financial institutions, academics, and even some local businesses thought the country’s move would only prove futile.

However, with Bitcoin surging past $80,000, the country’s holdings are now in the green. Well, at least, for now.

Estimates suggest that El Salvador could be sitting on unrealized profits exceeding $30 million. While this may not be enough to solve the country’s financial challenges, it strengthens Bukele’s argument that Bitcoin is a valuable asset for the nation.

Bukele Dismisses IMF Warnings

Bukele has repeatedly played down anxieties from international financial institutions. He thinks that adopting Bitcoin will be good for El Salvador’s economy in the long run, giving more people access to money and more investment possibilities.

However, the IMF is still not sure. It has noticed that Bitcoin’s price has been going up (and down, for now) lately, but it also pointed out that price fluctuations could quickly wipe out any gains. The Fund told El Salvador to focus on policies that work with traditional banking systems and limit its use of Bitcoin.

El Salvador’s Bitcoin Future Remains Uncertain

The long-term result is yet unknown even while Bukele is advancing his Bitcoin strategy. The government’s Bitcoin blueprint has generated both enthusiasm and controversy. While some worry about the risks involved, others view it as a bold decision that might draw in investors.

For now, Bukele appears determined to continue accumulating Bitcoin. Whether this strategy will prove to be a success or a costly gamble depends on how the crypto market performs in the coming months or years.

Featured image from Pexels, chart from TradingView