Trump Crypto Czar Sacks Sells Over $200 Million in Investments
Sacks and Craft Ventures sold all their liquid cryptocurrency holdings, including Bitcoin, Ethereum and Solana, prior to Trump's inauguration, the memo dated March 5 from White House counsel David Warrington said. Sacks divested his stock in Coinbase Global Inc. and Robinhood Markets Inc. as well as limited-partner interests in crypto funds Multicoin Capital and Blockchain Capital, according to the memo. Craft also sold its interests in Multicoin Capital and Bitwise Asset Management Inc.
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Yahoo
43 minutes ago
- Yahoo
Bitcoin Slip Triggers $300 Million in Liquidations—What's Next?
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New York Post
44 minutes ago
- New York Post
Crypto trading for beginners — what to know before you buy
The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. In just five years, the number of people trading cryptocurrencies has jumped from 100 million to nearly 900 million, with more than 40 million new users entering the market in 2025 alone, according to Statista Market Insights. But while there's no shortage of influencers shouting 'buy now!' or touting the next hot token, beginners often struggle with where to begin — and how to separate real opportunities from the endless hype. 'Crypto trading means buying digital coins like Bitcoin and selling them when the price goes up,' said Shaun Bettman, CEO of Eden Emerald Mortgages. 'The idea is to buy low and sell high to make a profit.' Over the last decade, cryptocurrency has experienced explosive growth in overall value, marked by extreme volatility, periodic crashes, and long-term upward momentum. OksanaFedorchuk – Michael Terpin, author of 'Bitcoin Supercycle: How the Crypto Calendar Can Make You Rich' points out that trading is more about short-term moves, while investing is a longer game. Of course, knowing when to buy and sell — and which coins to trust — is the tricky part. That's where tools like Best Wallet come in. Designed to help beginners and experienced traders alike, Best Wallet gives users real-time token tracking, scam alerts, and portfolio tools to make smarter, safer decisions from day one. Here's how to get started with crypto trading — and how to avoid rookie mistakes along the way. To start trading, you need a place to buy your first coin. Those looking into investing in digital assets such as Ethereum are encouraged to educate themselves on the crypto market. REUTERS 'Getting started with crypto trading is pretty easy,' said David Kemmerer, co-founder and CEO of CoinLedger. 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IB Photography – 'The first step is actually not learning how to trade, but learning about cybersafety,' said Kemmerer. 'Crypto opens access to billions of dollars to everyone, and for this reason, it's a thief's den full of all the possible types of scams.' From phishing emails to pig-butchering scams and drainer schemes, bad actors target newcomers who haven't learned how to spot red flags. Best Wallet helps users avoid these pitfalls with built-in scam detection, smart contract warnings, and a scam filter that flags suspicious projects before you click. It's like having a crypto security guard in your pocket — one that also tracks your portfolio and alerts you when your tokens are mooning (or tanking). While crypto trading might seem overwhelming at first, the key is knowing what's real — and what's just hype. Trading in Bitcoin often entails psychological stress and being willing to embrace uncertainty. Parilov – 'Crypto trading refers to the purchasing and selling of digital currencies like Bitcoin and Ethereum to earn profit due to the price movement,' Bettman said. But Montenegro, founder of warns that while the idea sounds simple, it comes with a steep learning curve. 'It is a process of purchasing and selling digital assets in order to make a profit on price changes,' he said. 'But it is a steep learning curve when you do not take time to learn the mechanics.' That's why tools like Best Wallet are so valuable. Instead of relying on social media buzz, users can track verified signals, follow price momentum, set watchlists, and use the token scanner to vet projects before jumping in. The app's clean dashboard simplifies trading data, while its educational features help you build confidence without getting buried in jargon. Most beginners start with what's called spot trading — buying crypto at the current market price and holding it in your wallet. Coinbase is often recommended for beginners due to its simple interface and US regulatory compliance. REUTERS 'It's the most basic beginner-friendly type of trading,' said Kemmerer. 'You buy and sell the assets instantly, and it is offered at all of these exchanges.' Bettman agreed: 'Spot trading is ideal when you are interested in buying and trading the real cryptocurrency, and is easy to comprehend by beginners.' It's simple and low-risk compared to more advanced strategies like margin or futures trading, which involve borrowing money and can rack up losses fast if you're not careful. Best Wallet supports spot trading by integrating with decentralized exchanges (DEXs), so users can swap tokens directly within the app — with clear, transparent pricing and no surprise fees. Short answer: Yes. But it's not easy. Those looking to get into crypto trading should treat it as a full-time job, according to experts. jittawit.21 – 'Trading should be treated only as a job,' said Kemmerer. 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Forbes
2 hours ago
- Forbes
Wall Street Issues Serious $6.6 Trillion Crypto Warning As Price Crash Fears Hit Bitcoin, Ethereum And XRP
Bitcoin—alongside other major cryptocurrencies ethereum and XRP—have fallen sharply, raising fears of a crypto market crash after it bubbled up to an all-time high of $4.2 trillion this month (just as Tesla billionaire Elon Musk breaks his silence on crypto). Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price has plunged from an all-time high of $124,000 per bitcoin just last week, dropping around 10% to $114,000, while ethereum and Ripple's XRP have seen similar declines despite U.S. president Donald Trump dropping a surprise $12.2 trillion crypto bombshell. Bitcoin and crypto's decline, coming just as JPMorgan makes a game-changing Federal Reserve flip, follows Wall Street giants issuing a warning that the recently passed Genius Act stablecoin bill could trigger a $6.6 trillion flood of account withdrawals. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run U.S. banking groups that count Wall Street giants such as JPMorgan and Bank of America as members have urged Congress to close a loophole in the recently passed Genius Act stablecoin bill that allows issuers of the dollar-pegged cryptocurrencies to offer yields via affiliates, warning it could trigger huge account deposit flight that would undermine the banking system. In April, a Treasury Department report estimated that stablecoins could trigger up to $6.6 trillion in deposit outflows, depending on whether they can offer interest or yield, with the stablecoin market expected to grow to $2 trillion by 2028, up from $280 billion today. "Congress must protect the flow of credit to American businesses and families and the stability of the most important financial market by closing the stablecoin payment of interest loophole," the report, posted to the Bank Policy Institute website, and addressed to lawmakers, read. 'Banks power the economy by turning deposits into loans. Incentivizing a shift from bank deposits and money market funds to stablecoins would end up increasing lending costs and reducing loans to businesses and consumer households.' The plea to lawmakers was also signed by the American Bankers Association, Consumer Bankers Association, Independent Community Bankers of America and the Financial Services Forum. Stablecoin adoption wars are heating up following the passage of the Genius Act that laid down rules of the road for the crypto-based dollars. Tether's USDT remains the dominant stablecoin but is facing a tidal wave of competition from all angles, including Wall Street giants themselves, technology companies such as Facebook's Meta, as well as financial technology companies like PayPal and Stripe. Earlier this year, David Sacks, a technology investor and U.S. president Donald Trump's crypto czar, said on the All In Podcast he hosts with three other investors that he hopes that eventually the rules will swing in favor of stablecoin issuers, allowing them to directly offer interest to stablecoin holders. Trump's sons Eric and Don Jr have publicly said their World Liberty Financial crypto project is a direct challenge to Wall Street following their claims of being 'de-banked' in the aftermath of Trump's 2020 election loss. 'Honestly, I would love to see some of the big banks go extinct, because, honestly, they deserve it," Eric Trump said in May. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price and crypto market's latest downturn, coming as just as traders celebrated a fresh all-time high, have raised fears the market could see further declines in coming weeks. 'The crypto market continued its decline on Monday after a pause over the weekend,' Alex Kuptsikevich, FxPro's chief market analyst, said in emailed comments. 'The total capitalisation fell back to $3.88 trillion, reaching its lowest level in more than two weeks. As expected, altcoins are falling the hardest, with ethereum and XRP losing about 5% in the last 24 hours, twice as much as bitcoin. Bitcoin fell to $115,000, the lowest level in the last 11 days. It is now testing the 50-day moving average, which has been the bullish trend line since April. A consolidation below it will sharply increase the chances of a deeper correction, and a failure below $112,000—the area of recent lows—will confirm the correction, opening the potential for a decline to $105,000-107,000.'
