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El Salvador has increased its Bitcoin reserves, purchasing an additional 1 BTC and bringing its total holdings to 6,101.18 BTC, valued at approximately $527 million. This latest acquisition reinforces President Nayib Bukele ‘s ommitment to strengthening the country’s Bitcoin strategy. El Salvador’s National Bitcoin Office confirmed the purchase on March 4 in a post on X. 🇸🇻El Salvador buys another bitcoin for strategic reserve. pic.twitter.com/pyWepGk8bL This move aligns with El Salvador ’s “1 BTC a day” accumulation strategy, aimed at economic diversification and serving as a hedge against traditional financial systems. The purchase also signals the government’s continued confidence in Bitcoin ( BTC ), despite recent market volatility. “It’s not stopping,” President Bukele commented on X following the acquisition. This latest purchase of Bitcoin comes as El Salvador adjusts its Bitcoin policies to align with a $1.4 billion loan agreement with the International Monetary Fund. Recently, the country modified its Bitcoin law, making the cryptocurrency’s use voluntary rather than mandatory. The adjustment was part of efforts to secure IMF support and maintain fiscal stability in the eyes of international lenders. Despite the policy changes, El Salvador continues to bolster its Bitcoin reserves as a key part of its long-term economic strategy. As of March 4, the country has added 46 BTC in the past 30 days, worth approximately $3.97 million, data from the National Bitcoin Office chart shows. This underscores El Salvador’s belief in the potential of Bitcoin to become a store of value and a driver of economic growth. The country’s Bitcoin City project , which won global recognition in 2023, is aimed at creating a hub for cryptocurrency innovation and continues to implement measures to make the country more Bitcoin-friendly.

Beginning March 31, 2025, Binance will delist all stablecoin trading pairs that are not compliant with the European Economic Area’s Markets in Crypto-Assets (MiCA) law. Among the stablecoins impacted are USDT, FDUSD, TUSD, USDP, DAI, AEur, UST, USTC, and PAXG. Nowadays, users in the area are advised to change to MiCA-compliant solutions such as USDC, EURI, or directly using the euro (EUR). Given the European Union’s progressively strict control of stablecoins, this action is not wholly unexpected. Stablecoins in use must, according to MiCA, have more than 60% of their reserves in certified banks with e-money licenses. Some stablecoins that used to rule the market now find this control to be a hurdle. One among those impacted is Tether (USDT), the biggest stablecoin available worldwide. Its issuing company has not yet fulfilled the criteria established, which has resulted in some significant European crypto exchanges pulling support for it offline. Besides that, other platforms like Kraken and Crypto.com have also followed similar actions to guarantee adherence to European rules. Now most EEA crypto consumers have two options: either leave the stablecoin market completely or transfer their money into a compliant stablecoin. On the other hand, different news is emanating from the United States. Following over a year of restrictions, CNF reports that Binance US has at last reopened its US dollar trading operations to its clients. On the platform, users may purchase, sell, convert, and trade more than 160 different kinds of cryptocurrencies. This decision is a welcome relief for US customers who faced restrictions due to regulatory pressure on Binance US. The action represents a turning point for Binance in the US market, which had earlier run against several legal difficulties. Reopening US dollar trading would help Binance US establish more presence among the growing number of crypto exchanges running in the US in view of the rivalry among them. Binance is under pressure from other regions of the world in the meantime. Seeking $79.5 billion in claimed economic damages and another $2 billion in unpaid taxes over the past two years, the Nigerian government has sued Binance . The case coincides with Nigeria’s crackdown on the cryptocurrency sector, under more examination the last year. Binance itself rejects four allegations of tax evasion that it itself faces. Two Binance executives were arrested in 2024 after local authorities even connected some of Nigeria’s monetary woes to the actions of the company. The scenario shows how Binance must cope with various regulations in different areas. While in the US they were able to reopen under political pressure, in Europe they had to modify their policies to fit MiCA. In Nigeria, the problem is more complicated since it combines the economic stability of the nation with tax concerns.

After previously suggesting that Bitcoin might transition to a hybrid proof-of-stake model as its role in national reserves grows, Solana co-founder Anatoly Yakovenko has now sparked debate by asserting that Bitcoin lacks intrinsic value, viewing it primarily as crisis insurance, as CNF detailed in a recent report. Yakovenko argues that Bitcoin serves as a safeguard against the unlikely collapse of a global superpower, estimating a 1% annual probability for such an event. Consequently, he suggests that allocating 1% of one’s wealth to Bitcoin is more of a precautionary measure rather than a traditional investment. Yakovenko’s perspective reframes Bitcoin not as a vehicle for generating returns, but as a protective asset in extreme geopolitical scenarios. In a recent post on X, he stated : BTC has no value. In the best light, it’s insurance. Based on my lifetime priors, there is a 1% chance a superpower will collapse in any given year. It’s worth it for me to spend 1% of my wealth on some asset that might not go to zero in that environment. He further emphasized that Bitcoin’s effectiveness as insurance remains constant, whether its market price is $10,000 or $100,000, while also cautioning that its success in such scenarios is not guaranteed. The cryptocurrency community remains divided on Bitcoin’s function as a hedge against economic instability. Some experts argue that Bitcoin’s high volatility and correlation with traditional stock markets diminish its reliability as a safe-haven asset during economic downturns. Conversely, others advocate for Bitcoin as a hedge against currency debasement, suggesting that institutions allocatea portion of their assets to BTC to mitigate risks associated with excessive government spending. In the same X post, Yakovenko added : It’s not an investment, it’s a cost, and there is no guarantee it will work. It’s as good at doing that at $100k as it is at $10k. If it works, it has very little to do with technology outside of the initial innovation that happened 15 years ago. According to Barron.com, recent market trends reflect the ongoing debate about Bitcoin’s value proposition. Since President Donald Trump took office on January 20, 2025, gold has outperformed Bitcoin, with gold appreciating nearly 8%, while Bitcoin has declined by 24% from its peak of $109,000. This trend suggests that investors currently favor traditional safe-haven assets like gold amid economic and geopolitical uncertainties. Yakovenko’s characterization of Bitcoin as crisis insurance rather than a traditional investment challenges prevailing narratives about its intrinsic value. According to CoinMarketCap data, at the time of writing, Bitcoin (BTC) is trading at $92,394, reflecting a 7.53% surge in the past day, despite a 3.41% decline in the past week. See BTC price chart below.

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