This week’s hottest crypto topics
2 min readMar 7, 2025
- Russian crypto platform Garantex was forced to suspend operations on March 6. The measure was taken in response to Tether’s freezing USDT stored in Garantex users’ wallets. The platform issued a statement highlighting that U.S.-based Tether ‘has joined the war against the Russian crypto market and blocked wallets for more than 2.5 billion rubles.’ “Please note that all USDT in Russian wallets is currently at risk. As usual, we are the first but not the last. We are fighting and will not give up,” the statement said.
- BTC stands a more than 50% chance to break its all-time high of $109,000 by summer 2025. According to Swan Bitcoin CEO Cory Klippsten, crypto market players need time to adapt to the risks related to Trump’s import tariffs and inflation uncertainty. “The market needs to first digest tariffs, trade war fears, and growth scare fears. Bitcoin trading below $100,000 right now feels like a pause, not an end to the bull run,” Klippsten said.
- Euro Pacific Capital СЕО Peter Schiff called for a Congressional investigation into Donald Trump’s participation in the biggest crypto scam. The long-term BTC critic alleged that some people had known about the President’s crypto reserve announcements in advance and gained profits from this knowledge. “Donald Trump, the first crypto President, just helped pull off the biggest crypto rug pull of all time. A Congressional investigation is now warranted to find out the following regarding this pump and dump scheme,” Schiff posted on X.
