FameEX Morning Crypto News Recap | March 5, 2025
2025-03-05 07:55:25Trump Administration Restructures SEC, Unveils $50,000 Severance Offer
On March 4, the SEC introduced a $50,000 severance package for eligible employees resigning by April 4. This move aligns with the Trump administration’s broader plan to restructure the SEC and federal government, focusing on streamlining operations and implementing major institutional reforms.
Over 25,000 Bitcoin Pulled from Exchanges in the Past Two Weeks
Crypto analyst Ali Martinez reveals over 25,000 BTC withdrawals from exchanges in two weeks, suggesting possible accumulation by investors.
Crypto Markets Facing Mid-Bull Run Correction
Chris Burniske, partner at Placeholder, sees market panic as a buying opportunity, calling it a mid-term bull market correction. He believes the cycle’s peak is yet to come and stays bullish despite Bitcoin’s pullback. Burniske discourages selling during spikes, highlighting long-term growth potential in the ongoing bull run.
Survey Shows 52% Disapprove of Trump’s Job Performance
A CNN poll before Trump’s congressional speech found 52% disapproved of his performance, while 48% approved. Conducted before his meeting with Zelensky and Vance, the poll also showed 39% believed the U.S. was on the right track under his policies, while 45% disagreed.
El Salvador’s President Rejects Claims of Halting Bitcoin Purchases
El Salvador’s President Nayib Bukele reaffirmed the country's commitment to Bitcoin purchases, rejecting the IMF’s request to limit public sector acquisitions of the cryptocurrency.
Market Cap of 14 Public Mining Companies Declined 22% in February
JPMorgan Chase reported a 22% drop in the market value of 14 listed mining firms in February, highlighting Bitcoin mining challenges. The decline followed DeepSeek AI’s announcement and growing concerns over near-term data center capacity demand, significantly impacting miners with high-performance computing exposure.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.