JUST IN: 🇺🇸 Senator Ted Cruz says Elizabeth Warren and China hate Bitcoin "because government can't control it."
According to Cointelegraph, Vanuatu has enacted laws to regulate digital assets and provided a licensing system for cryptocurrency companies wishing to operate in Pacific island countries, which a government regulatory advisor described as "very strict". On March 26th, the local parliament passed the Virtual Asset Service Providers Act, granting the Vanuatu Financial Services Commission (VFSC) the authority to license cryptocurrencies and enforce the Financial Action Task Force (FATF) anti money laundering, counter-terrorism financing, and travel rule standards on cryptocurrency companies. According to these laws, VFSC has extensive investigative and enforcement powers and has imposed fines of up to 250 million Vatu (approximately $2 million) and imprisonment for up to 30 years. This law establishes a licensing and reporting framework for exchanges, NFT markets, crypto custody service providers, and initial coin offerings. It is worth noting that this law allows banks to obtain licenses to provide encrypted trading and custody services. VFSC stated that although stablecoins, tokenized securities, and central bank digital currencies may have some similarities with virtual assets in practice, this legislation does not affect them. The legislation also allows VFSC commissioners to create a sandbox that allows approved companies to provide multiple encryption services for a period of one year and renewable. In a statement on March 29th, the regulatory agency stated that after years of "assessing risks related to virtual assets," it has developed a legislative framework that will bring "numerous opportunities" to Vanuatu and improve financial inclusion by allowing regulated services for encrypted cross-border payments.
According to OKX's official Twitter account, Linda Lacewell, former head of the New York State Department of Financial Services, has recently been appointed as OKX's Chief Legal Officer. It is reported that Linda Lacewell has been a member of the OKX board of directors since 2024, during which she played a key role in providing strategic advice to the board and legal department. OKX CEO Star stated, "This is the golden age for the cryptocurrency industry and OKX, and OKX will continue to increase its investment in compliance and innovation. We look forward to launching more exciting products in April to provide users with a better experience
According to BlockBeats, on April 1st, Presto research analyst Min Jung said, "Currently, the market is in a wait-and-see mode as details of tariffs have not yet been disclosed. Investors are mixed emotions, with some seeing the impact as not as severe as initially feared, and seeing the recent decline as a potential 'buy on dips' opportunity. However, many traders still choose to remain on the sidelines until the situation becomes clearer. The next move in the market will largely depend on the tone and content of actual announcements Brickken market analyst Enmanuel Cardozo said, "Everyone expects Trump's support for cryptocurrency to have an immediate effect, but the reality is that policy implementation takes time. Global economic uncertainty has fueled a safe haven atmosphere around the world, and by the end of 2024, the market has already digested expectations of Trump's victory. However, economic recovery in the second quarter is definitely possible, and the Federal Reserve is generally expected to cut interest rates in the second quarter. Trump's team will also produce more concrete results in supporting cryptocurrency policies. With the increase of institutional funding flows, momentum may strengthen. If Bitcoin breaks through the resistance level of $88668, it may test $100000 again, but if macro factors stagnate and fall, it may test $100000 again. The possibility is also not high BlockBeats note: Trump is expected to announce the corresponding tariff measures at 3:00 pm on Wednesday (3:00 am Beijing time the next day). Announce several 'large-scale tariffs'.
The current BTC price is around 82900, and the chip distribution shows a sparse price range, indicating an increased probability of breakthrough. Combined with the resistance level of 87000, if the trading volume cooperates with a rebound, it may usher in a rapid upward trend. However, EMA24 and EMA52 are in a bearish position, so caution should be exercised in terms of rebound potential. Chip distribution helps to lock in high and low points and lay out in advance. The recent decline in trading volume to an average of 40.91% indicates a strong wait-and-see sentiment in the market. When the distribution of chips is balanced, fluctuations in the main funds are more likely to cause significant fluctuations. Open a membership, obtain exclusive chip distribution data, and accurately capture breakthrough directions! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $60.6 million. Among them, BTCW was the largest outflow, with a daily net outflow of $32.6 million; Next is ARKB, with a total of 23.2 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only