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Timing or Coincidence? Justin Sun’s SEC Case Paused as He Buys $75M in TRUMP

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Today’s News:

1)

Timing or Coincidence? Justin Sun’s SEC Case Paused as He Buys $75M in TRUMP

TRON founder Justin Sun allegedly acquired $75 million worth of TRUMP meme coins, coinciding with a temporary pause in his SEC lawsuit, sparking speculation about his motives. Shortly after, a whale offloaded $61 million in TRUMP tokens to Binance, intensifying concerns amid a broader market downturn that saw Bitcoin drop 10% and TRUMP token plunge 20% in 24 hours. Reports conflict on Sun’s actual investment destination, leaving investors questioning the impact of these high-profile transactions on market stability and regulatory scrutiny.

  • Justin Sun’s alleged $75M TRUMP token purchase coincided with his SEC lawsuit being put on hold, raising questions about strategic timing.

  • A whale offloaded $61M in TRUMP tokens as the broader crypto market faced over $1B in liquidations, causing Bitcoin to drop 10% and TRUMP to plunge 20%.

2)

Mexican Billionaire Ricardo Salinas Bets Big on Bitcoin 

Ricardo Salinas, founder and chairman of Grupo Salinas, has allocated 70% of his investment portfolio to Bitcoin-related assets, up from just 10% in 2020. Speaking with Bloomberg on March 4, Salinas declared he is "pretty much all in" on Bitcoin, with the remaining 30% invested in gold and gold miners. He emphasized Bitcoin’s fixed supply cap, calling it the "hardest asset in the world" and recommending dollar-cost averaging as the best investment strategy. Despite regulatory challenges, he has been pushing to integrate Bitcoin into his banking ventures in Mexico, highlighting his long-term commitment to the cryptocurrency.

  • Ricardo Salinas has increased his Bitcoin exposure to 70% of his portfolio, citing its scarcity and potential for long-term growth.

  • He continues to advocate for Bitcoin adoption in Mexico, despite regulatory obstacles, and advises investors to accumulate BTC over time.

3)

White House Crypto Summit to Feature Exclusive Roundtable Discussion 

The White House is set to host a highly anticipated cryptocurrency summit on Friday, but insider reports indicate the event will be more exclusive than initially expected. Crypto journalist Eleanor Terrett revealed that official invitations have yet to be sent, but sources suggest only 20-25 attendees will participate in a roundtable discussion, including key figures from the crypto industry and the Presidential Working Group on Digital Assets. Confirmed attendees include MicroStrategy’s executive chairman Michael Saylor, alongside government officials such as Treasury Secretary Scott Bessent and SEC and CFTC leaders. Following the roundtable, a larger invite-only reception will take place to engage additional industry stakeholders, though plans for the summit remain fluid with possible last-minute changes.

  • The White House’s upcoming crypto summit will feature an exclusive roundtable with only 20-25 participants, including industry leaders and top government officials.

  • A separate invite-only reception will follow the discussion to accommodate additional stakeholders, though details and final attendees are still being confirmed.

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This newsletter (Hodl Topic, hodltopic.com) is based on our data and opinions, provided solely for informational purposes. It does not constitute financial advice. Cryptocurrency investments involve significant risks, so it’s essential to conduct thorough research and consult a qualified financial advisor before making any investment decisions. We are not liable for any financial gains or losses resulting from the use of this information.