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Today's Top Crypto Headlines:
CZ Urges X to Ban Bots | Trump Seeks to Boost USD | HUD Eyes Blockchain Grants and more...
King Fatrick Gil Añasco
March 11, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
CZ Wants X to Ban Bots: Binance founder CZ urged Elon Musk to ban bots on X, proposing API restrictions to reduce fake accounts.
📈Technical Analysis Masterclass - Bitcoin is still moving downward and may test the $72,000 to $75,000 range. Watch UseTheBitcoin’s latest Youtube video “BITCOIN (BTC) BOTTOM? Massive Buy Signal Just Flashed!” to know if is ita good time to buy Bitcoin or join our Official Telegram Channel for more alpha!
Trump Pushes USD Strength: Trump aims to protect the US dollar’s dominance amid BRICS-led de-dollarization.
💡Feature of the Day - HUD Eyes Blockchain Grants: HUD is exploring blockchain and stablecoins for grant funding and tracking.
All this and more in today’s headlines!
📰 News Highlights:
Binance founder and former CEO Changpeng Zhao (CZ) urged Elon Musk’s X to ban all bots from the platform, stating he only wants to interact with humans.
I think X should ban all bots. I only want to interact with humans here (not "Automated").
If someone uses Grok/GPT/DeepSeek to generate a tweet and copy and paste it here, fine. But API posting should be disabled. 🤷♂️
@elonmusk
— CZ 🔶 BNB (@cz_binance)
5:17 PM • Mar 9, 2025
CZ emphasized that while AI tools like ChatGPT are helpful, socializing with bots diminishes the platform's purpose.
@elonmusk AI agents can help me book hotels, buy tickets, or write code. I don't need to "socialize" with them.
— CZ 🔶 BNB (@cz_binance)
5:21 PM • Mar 9, 2025
He suggested disabling API posting to reduce bot activity, calling for stricter measures against fake accounts.
📈Technical Analysis Masterclass:
What Is Bullish Divergence?
Definition: Occurs when the asset’s price makes lower lows, while RSI makes higher lows — signaling weakening bearish momentum.
Historical Trend: In past market cycles, similar divergences have led to major price recoveries.
Confirmation Needed: While divergence is promising, confirmation through higher volume or a breakout above key resistance is necessary for a confirmed reversal.
Key Moving Averages to Watch
100-Day Moving Average (MA100): Bitcoin is currently sitting around this level, which has historically acted as strong support during previous market cycles.
200-Day Moving Average (MA200): This is another critical support level that, when tested, often leads to major upward price movements.
Historical Evidence: In 2020 and 2018, Bitcoin bounced significantly after touching these moving averages, triggering strong rallies.
What Should You Do Now?
Prepare for a Bounce: Bitcoin is nearing critical support zones, making it a potential buying opportunity.
Use Dollar-Cost Averaging (DCA): To minimize risk, gradually accumulate Bitcoin instead of making a single large investment.
Watch for Confirmation: Keep an eye on volume spikes, price breakouts, and further bullish signals to confirm trend reversal.
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Donald Trump is taking measures to reinforce the US dollar's dominance amid rising global de-dollarization.
With BRICS nations promoting local currencies for international trade, the US dollar faces increased pressure.
U.S. Treasury Secretary Scott Bessent said that stablecoins will help preserve dollar dominance.
Ripple’s RLUSD is a regulated stablecoin
Former U.S. Treasurer Rosa Rios on Ripple’s board, along with its deep ties to governments officials & central banks.
This has been… x.com/i/web/status/1…
— Vandell | Black Swan Capitalist (@vandell33)
6:40 AM • Mar 9, 2025
Trump is pushing aggressive tariffs on Mexico and Canada to generate revenue, while also exploring stablecoins to support the dollar's strength.
Trajectories for macroeconomic variables under the scenario
Trump’s administration believes that embracing stablecoins could generate trillions in revenue while modernizing the financial infrastructure.
while everyone was talking about the crypto summit, something even more important just happened.
the US regulator (OCC) permitted banks to engage in several crypto activities, including:
1. crypto-asset custody
banks can now hold crypto on behalf of their clients. important,… x.com/i/web/status/1…
— Dom (Bull/ish) | EasyA (@dom_kwok)
1:26 AM • Mar 8, 2025
💡 Feature of the Day:
The US Department of Housing and Urban Development (HUD) is considering using blockchain technology and stablecoins to fund and monitor grants.
Recent internal meetings discussed testing blockchain for fund tracking and using stablecoins for grantee payments in a pilot project.
HUD’s DOGE task force is actively working to remedy this waste of taxpayer dollars. This is a prime example of why HUD is taking inventory of every dollar spent. We will continue to execute on @POTUS’ goal to restructure & streamline government to better serve the American people
— Sec. Turner Press Office (@SecTurnerPress)
9:11 PM • Mar 8, 2025
However, the proposal received mixed reactions from HUD staff.
HUD completed the same audit. Initial findings on paid software licenses:
- 35,855 ServiceNow licenses on three products; only using 84
- 11,020 Acrobat licenses with zero users
- 1,776 Cognos licenses; only using 325
- 800 WestLaw Classic licenses; only using 216
- 10,000 Java… x.com/i/web/status/1…— Department of Government Efficiency (@DOGE)
1:48 AM • Mar 6, 2025
Some officials expressed concerns about volatility and inefficiency, while others saw potential in blockchain’s transparency.
😂 Crypto Meme of the Day:
Meme of the day provided by @kathholmes
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com