CZ: BUSD was strangled in the government's crackdown on the liquidation of the encryption industry.

2025-03-23 09:26:15

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BlockBeats news, on March 23, in response to community inquiries about the current situation of BUSD, CZ stated, “BUSD, a fully reliable stablecoin backed by USD, has been terminated as part of ‘Operation Chokepoint 2.0’ (a government-led crackdown on the cryptocurrency industry). The good news is that many new stablecoins are now being launched on BSC.” BlockBeats note: The main goal of Operation Chokepoint 2.0 is to restrict or cut off banking services for cryptocurrency-related businesses and individuals by pressuring banks and Financial Institutions, thus ‘choking’ the development of this industry.

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GateUser-488cbe78

· 03-23 09:27

On March 23, according to Alternative data, today the cryptocurrency Fear and Greed Index has dropped to 30, down from 32 yesterday (with a weekly average of 30), and market sentiment remains in a "fear" state. Note: The fear index threshold is 0-100, including indicators: Fluctuation (25%) + market volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google trends analysis (10%).

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BlockBeatNews

The market pullback affects Meme coins, with CLIPPY, SPARK, and TROLL dropping over 30% from their monthly highs.

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