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Toda`y's Top Crypto Headlines:
Crypto Czar Dumps | ZachXBT on Stablecoins | Ronaldinho’s Memecoin and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Crypto Czar Dumps: White House AI and crypto czar David Sacks sold all his crypto before Trump took office.
📈Technical Analysis Masterclass - Bitcoin experienced a sudden price spike following a post from Donald Trump but quickly retraced to $85,000–$86,000. Watch UseTheBitcoin’s latest Youtube video “Bitcoin Just Got REJECTED! Is the Bear Market HERE?!” to know if it was a bear market signal or join our Official Telegram Channel for more alpha!
ZachXBT Questions Stablecoins: Crypto analyst ZachXBT argued that stablecoins indicate blockchain legitimacy, questioning Cardano and XRP’s adoption.
💡Feature of the Day - Ronaldinho’s STAR10 Memecoin: Soccer legend Ronaldinho launched STAR10, which hit a $397M market cap before falling to $274M.
All this and more in today’s headlines!
📰 News Highlights:
White House AI and crypto czar David Sacks revealed that he sold all his cryptocurrency, including BTC, ETH, and SOL, before President Donald Trump took office.
Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration.
— David Sacks (@DavidSacks)
3:12 AM • Mar 3, 2025
The firm, founded in 2017, has invested in Bitwise, BitGo, and Solana-focused Multicoin Capital.
It is objectively hilarious that Trump announced a crypto strategic reserve, yet Wall Street can’t participate because they have antiquated hour of operations at their exchange.
— Anthony Pompliano 🌪 (@APompliano)
5:47 PM • Mar 2, 2025
Sacks recently praised Trump’s crypto-friendly stance, noting his efforts to make the U.S. a global crypto leader.
I love the genius of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps. For the first time, retail investors win. Traditional finance better catch up, or it will quickly become extinct. The world no longer runs on a Mon-Friday,… x.com/i/web/status/1…
— Eric Trump (@EricTrump)
2:39 AM • Mar 3, 2025
Eric Trump applauded the announcement’s timing, which allowed retail investors to react before traditional markets opened.
📈Technical Analysis Masterclass:
Key Technical Insights
Failed Breakout: Bitcoin temporarily broke above the 50-day moving average (50MA)—a bullish sign—but quickly fell back below the 20-day moving average (20MA), erasing its gains. This suggests the price is still in a downtrend.
Weak RSI Signal: The Relative Strength Index (RSI) remains below 50, indicating weak buying pressure. If it had stayed above 50, it would have signaled strong bullish momentum.
Possible Higher Low Formation: Bitcoin seems to be forming a higher low, which can hint at a potential trend reversal. However, we need confirmation (a higher high) before calling it a breakout.
Key Levels to Watch
Support Zone: $84,000–$85,000
If Bitcoin holds above this level, it may attempt another move upward.
If it breaks below, the price could plunge to $79,000 or even $72,000.
Resistance Level: $90,000
Bitcoin needs to break and hold above this level with strong volume for bulls to take control.
Failing to do so increases the risk of another rejection.
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Crypto analyst ZachXBT argued that stablecoins from major issuers like Tether and Circle are key indicators of a blockchain’s legitimacy.
One of the better indicators to judge how legitimate a chain is by how many native stables they have issued from Circle, Tether, or Paxos.
Both ADA and XRP have zero from major stablecoin issuers….
— ZachXBT (@zachxbt)
7:13 AM • Mar 3, 2025
He pointed out that Cardano and XRP Ledger lack major stablecoins, questioning their adoption.
@TreeNewsFeed The point is Circle/Paxos/Tether would have already integrated with those chains if they saw value to capture
XRPL / Cardano are supposedly competitors to Ethereum or Solana yet couldn’t attract major stablecoin issuers?
— ZachXBT (@zachxbt)
8:17 AM • Mar 3, 2025
Cardano Foundation CEO Frederik Gregaard countered that legitimacy depends on decentralization, security, and real-world use cases.
“True legitimacy stems from fundamental elements including security, decentralization, sustainability, development activity, real-world utility and community engagement.” Not from the presence of Stable Coins. Stablecoins are essential tools for sophisticated market participants.… x.com/i/web/status/1…
— Frederik Gregaard (@F_Gregaard)
1:39 PM • Mar 3, 2025
He added that Cardano is open to collaborations with stablecoin issuers and expects integration to grow as adoption increases.
@imperfecterist@TreeNewsFeed Hi , love your work but you're thinking here is flawed imo. The presence of centralized stablecoins isn’t a definitive measure of a blockchain’s legitimacy or utility. This line of thinking ties a chain’s value to the decisions of a handful of centralized entities, which… x.com/i/web/status/1…
— mr cata | DRep | Iagon SNO/CNO (@mr_cata)
12:27 PM • Mar 3, 2025
💡 Feature of the Day:
Soccer legend Ronaldinho launched his memecoin, Star10 (STAR10), on the BNB Chain, promising exclusive perks and social contributions.
My new one and ONLY OFFICIAL token is HERE! It’s time to celebrate greatness, passion, and that legendary spirit that NEVER fades 😎Legends are not born… THEY ARE FORGED. And YOU can choose to be a part of it. Get your $STAR10 NOW. Let’s make history together!… x.com/i/web/status/1…
— Ronaldinho (@10Ronaldinho)
10:17 PM • Mar 2, 2025
Within hours, its market cap hit $397 million before dropping to $274 million.
9 hours ago, @10Ronaldinho just announced his token release and MC just reaches $300M quickly.
After creating 1B tokens, 200M added for liquidity and 800M transferred to 5 wallets. Those 5 wallets haven't sold any (just added some for liquidity).
2 minutes later, a wallet 0x01D… x.com/i/web/status/1…
— The Data Nerd (@OnchainDataNerd)
7:46 AM • Mar 3, 2025
Concerns arose over its tokenomics, as 35% of the supply was allocated to insiders, including 20% for Ronaldinho.
@10Ronaldinho 🔹Update: The owner has just renounced ownership.
Regardless, we always advise users to stay cautious when investing or trading. #DYOR ⚠️
— SlowMist (@SlowMist_Team)
9:02 AM • Mar 3, 2025
However, blockchain analysts noted that key insider wallets had not sold any holdings but instead added liquidity.
😂 Crypto Meme of the Day:

Meme of the day provided by @MemeMillionaires
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com