Odaily Planet Daily News A crypto wallet holding more than $400 million in Bitcoin was activated after being dormant for 9 years. The wallet was associated with the darknet market Nucleus, one of the many darknet markets that proliferated at the time, facilitating the sale of drugs, weapons and other contraband. On March 7, the entity controlling the wallet transferred $77.5 million in BTC to three new addresses, leaving $365 million in the main wallet. The wallet has been dormant since April 2016, when the darknet market was closed, with 5,000 BTC in supplier and customer deposits. According to Arkham's tracking, the funds were worth about $2.1 million at the time. (Cointelegraph)

Odaily Planet Daily News: Well-known trader Eugene Ng Ah Sio posted on his personal Telegram channel that his hedging strategy of going long on ENA and short on ETH worked, but he has closed his short position on ETH today. As expected, the summit did not provide new information and the market sold off. Given the strength of ENA, he continues to hold ENA's swing longs.

According to BlockBeats, on March 8, top trader Eugene Ng Ah Sio shared on his personal channel that his strategy of going long on ENA and short on ETH has been successful. However, he has now closed his short position on ETH. As anticipated, the summit did not provide new information, leading to a market sell-off. Given the strong performance of ENA, he continues to hold a long position in ENA.

Odaily Planet Daily News: US President Trump held his first summit at the White House, focusing on his government-owned digital asset reserve plan to attract the elites of the cryptocurrency industry. The main focus of the summit was Trump's goal of establishing a strategic reserve that includes Bitcoin, which he formally announced in an executive order on Thursday. "We don't want taxpayers to pay any price," Trump said at the summit. David Sachs, the head of the White House's cryptocurrency affairs, told reporters, "The establishment of a Bitcoin reserve should have been done a long time ago. Taxpayer funds will not be used to acquire digital assets, and existing protections can protect consumers from crypto investments." (Jinshi)

Odaily Planet Daily News: Economists who are unfriendly to cryptocurrencies posted on the X platform that the cryptocurrency summit is a disgrace and a national disgrace. The cryptocurrency faction is occupying the White House, which is exactly what the founding fathers of the United States warned about. This will become a stain on Trump's political legacy and mark the low point of the US presidency and the United States.

Odaily Planet Daily News The U.S. Office of the Comptroller of the Currency (OCC) issued a new letter announcing the withdrawal of Interpretative Letter No. 1179 issued on November 18, 2021, and reiterated that the crypto asset custody, distributed ledger and stablecoin activities discussed in the previous letter are permitted. The OCC confirmed in the letter: "Federal banks and federal savings associations can engage in crypto asset custody, certain stablecoin activities, and participate in independent node verification networks." Rodney E. Hood, Acting Comptroller of the U.S. Currency, said: "The U.S. Office of the Comptroller of the Currency expects banks to adopt the same strong risk management controls as traditional banking to support new banking businesses." The agency also said it has withdrawn the requirement for institutions to implement restrictive controls before engaging in crypto activities.

Odaily Planet Daily News The Trump administration detailed how the United States plans to establish its leadership in the cryptocurrency field at the first White House Cryptocurrency Summit. U.S. Treasury Secretary Scott Bessant talked about the establishment of strategic Bitcoin reserves and digital asset inventories, "regulatory weaponization against digital assets," and a federal framework for stablecoins. Bessant said that former President Joe Biden's policies have caused undue harm to innovators in the digital asset field. The Treasury Department will work closely with the IRS and the Office of the Comptroller of the Currency (OCC) to "revoke and modify" guidelines that have harmed the ability of digital asset companies to do business in the United States. Trump himself said in the televised portion of the White House Cryptocurrency Summit that he expects the House and Senate to pass the stablecoin bill before the "August recess," providing him with the opportunity to sign the measure into law. Earlier, Senate Banking Committee Chairman Tim Scott (R-SC) called for the plan to be implemented within Trump's first 100 days in office. (Decrypt)

Odaily Planet Daily News: Coinbase announced on the X platform that it has added Aethir (ATH) and Syrup (SYRUP) to the coin listing roadmap.

Odaily Planet Daily News Coinbase CEO Brian Armstrong said on the X platform that the White House Digital Asset Summit was a historic day, and the United States now has strategic Bitcoin reserves and emerging regulatory clarity. This directly translates into economic growth in the United States. Due to this new growth, Coinbase plans to recruit about 1,000 employees in the United States this year and will continue to build this industry in the United States to ensure that the United States maintains its leading position in technology and finance.

Odaily Planet Daily News: FIFA President Gianni Infantino announced the "FIFA Coin" plan at the White House Crypto Summit, hoping to launch a cryptocurrency that aims to take advantage of the $17 billion football industry and 5 billion fans worldwide, and will invite cryptocurrency experts to work together to help realize the project. (Bitcoin.com)

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