ELX/USDT Market Update – March 8, 2025
Elixir (ELX) is making a strong upward move in the market, currently trading at $0.5198, marking a 10.90% gain in the last 24 hours. The price fluctuated between a high of $0.5950 and a low of $0.3637, showing significant volatility and trading opportunities.
The moving averages indicate a bullish trend, with MA(5) at $0.4919, MA(10) at $0.4915, and MA(20) at $0.4769. This suggests strong momentum, and if buying pressure continues, ELX could test its recent high again.
The trading volume in the last 24 hours reached 37.46M ELX, with a turnover of $18.03M USDT, reflecting high market activity. However, the order book shows a 43% buy-side and 57% sell-side ratio, suggesting some selling pressure at higher levels.
Traders should watch for key support near $0.4212 and resistance at $0.5619. If bullish momentum sustains, ELX could break above the resistance level. Keep an eye on market trends and trade wisely!
#Crypto #ELXUSDT #Trading #MarketAnalysis
Lawmaker Reintroduces Anti-CBDC Surveillance State Act to Block Digital Dollar
Congressman and Majority Whip Tom Emmer (R-MN) announced on March 6 that he has reintroduced the Anti-CBDC Surveillance State Act, a bill designed to prevent the federal government from creating a central bank digital currency (CBDC) that could compromise Americans’ financial privacy.
The legislation, which has gained the support of 100 Republican cosponsors, seeks to ensure that a CBDC cannot be used as a tool for government surveillance or control over financial transactions. Emmer warned of the risks associated with a government-issued digital currency, stating:
If not designed to be open, permissionless, and private – resembling cash – a government-issued CBDC is nothing more than an Orwellian surveillance tool that would be used to erode the American way of life.
Originally introduced in January 2022, the Anti-CBDC Surveillance State Act has now been brought forward multiple times, with this latest version representing another attempt to block CBDC development.
The bill specifically prohibits the Federal Reserve from issuing a CBDC directly to individuals, preventing it from becoming a retail bank with access to personal financial data. It also stops the Fed from using a CBDC to implement monetary policy and bars the Treasury Department from directing the Fed to create one.
Emmer emphasized the urgency of codifying protections against CBDCs, referencing President Donald Trump’s stance on the issue. He stressed:
President Trump understands the dangers CBDCs present and has already issued an executive order prohibiting federal agencies from exploring one. Now, we must codify this executive order in law and permanently ban their development so a future administration cannot weaponize this technology against Americans.
The bill previously passed the U.S. House of Representatives during the 118th Congress and continues to be a focal point for Republicans concerned about financial privacy. Supporters argue that a CBDC could grant the federal government unprecedented access to citizens’ financial activities, allowing it to monitor transactions or restrict politically disfavored activities. Critics of the bill, however, contend that a well-structured CBDC could modernize the financial system and enhance payment security without threatening individual freedoms. As discussions over digital currency and financial privacy intensify, the fate of the legislation will depend on legislative negotiations and public opinion.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到[email protected],本平台相关工作人员将会进行核查。

$ELX (Elixir) enhances Automated Market Making (AMM) strategies by optimizing liquidity provision, reducing slippage, and improving capital efficiency. Unlike traditional AMMs that rely on static liquidity pools, Elixir dynamically allocates liquidity based on real-time market conditions, improving trade execution and minimizing impermanent loss.
Key Ways $ELX Enhances AMM Strategies
1. Dynamic Liquidity Provision
Elixir optimizes liquidity placement using algorithms that adjust based on market volatility, trading volume, and order flow. This prevents inefficient capital allocation and ensures tighter bid-ask spreads.
2. Minimizing Slippage
By concentrating liquidity where it is most needed, $ELX helps reduce slippage for large trades. This benefits traders by improving execution prices, making decentralized exchanges (DEXs) more competitive with centralized platforms.
3. Automated Yield Optimization
Elixir automates liquidity deployment across multiple pools, allowing liquidity providers (LPs) to earn optimized returns without constant manual rebalancing. This makes passive liquidity provision more profitable and efficient.
4. Reducing Impermanent Loss
Traditional AMMs expose LPs to impermanent loss due to volatile price swings. $ELX mitigates this risk through adaptive liquidity strategies, ensuring LPs retain more value even during market fluctuations.
5. Cross-Chain Liquidity Aggregation
Elixir enhances AMMs by enabling cross-chain liquidity provision, allowing assets to flow seamlessly across different blockchains. This expands market depth and enhances DeFi ecosystem interoperability.
6. Advanced Market Making Tools
Through AI-driven liquidity management and smart routing, Elixir ensures optimal liquidity distribution. This enhances the efficiency of AMMs by dynamically responding to market trends in real-time.
By integrating these innovations, $ELX significantly improves AMM performance, making decentralized trading more efficient, cost-effective, and attractive to liquidity providers.
David Sacks rejects conflict of interest allegations, calling them 'a lazy and stupid narrative'
David Sacks has defended himself against recent allegations that he used his position to manipulate crypto markets, calling the claims baseless.
Speaking in a new episode of The All-In Podcast, the White House AI and crypto czar addressed accusations that he engaged in a scheme to inflate his crypto holdings for personal gain.
“People came out right away and were saying that somehow I was engaged in a scheme to pump my bags or to basically create exit liquidity for myself,” Sacks said, arguing that these claims are serious since they amount to accusations of a crime.
Sacks reiterated that he had divested all his crypto holdings before joining the administration to avoid any appearance of a conflict of interest. He confirmed in an earlier statement that he had sold Bitcoin, Ethereum, and Solana.
“When it comes to crypto, there are going to be fluctuations in the market,” he explained. “You never want someone to be able to point at one of those fluctuations and say somehow that the cryptos are benefited from that and create a conspiracy theory, which is exactly what basically happened.”
Sacks disclosed that he and his venture firm Kraft had liquidated approximately $200 million in crypto assets, of which $85 million was personally attributable to him.
“We cleared that before day one, paid taxes on it, and basically said there wouldn’t be a conflict,” he stated, adding that the scrutiny then shifted; people claimed that even if he didn’t own crypto, he was still invested in crypto funds.
Sacks clarified that beyond direct crypto holdings, he also withdrew from multiple crypto-focused investment funds, including positions in Bitwise, Multicoin Capital , and Blockchain Capital.
“At this point, I think they’ve basically given up on this narrative,” Sacks said.
According to Calacanis, who manages one of the divested funds, the process requires selling fund interests at discounts of “50%, 25% off,” potentially resulting in eight or nine-figure losses for Sacks.
Trump’s crypto tsar also dismissed the notion that he sought financial gain through his role. He disclosed that he’s taking an unpaid consultant role in the administration.
Sacks criticized the assumption that wealthy individuals enter government for financial gain, calling it “lazy and stupid.”
“It’s a lazy and stupid narrative to say that the reason why someone who’s already successful in business goes into government is to somehow make more money. I was making money before,” he said. “This involves a substantial disruption of my business interests.”
Sacks reiterated that his divestments were necessary to avoid any ethical concerns, even if it meant huge financial loss.
“In divesting, I have to either pay taxes or take a significant discount. It costs you money,” he said. “So it’s just a lazy narrative that people create. But there’s no truth to it.”
Sacks has faced public scrutiny over allegations of potential conflicts of interest tied to his role as Trump’s crypto and AI czar.
Critics, including Senator Elizabeth Warren, have raised concerns that Sacks could influence Trump’s pick of altcoins for the US crypto reserve and financially benefit from those picks, which include Bitcoin , Ethereum, Solana, Cardano, and XRP .
The President eventually signed an executive order to create a Strategic Bitcoin Reserve and a US digital asset stockpile, using legal forfeiture.
In an interview with Bloomberg TV on Friday, Sacks clarified that Trump previously mentioned XRP, SOL, and ADA because they were among the top five crypto assets by market cap.

Elixir ($ELX ) is a modular decentralized network designed to enhance liquidity in decentralized finance (DeFi). It enables users to supply liquidity to order book-based exchanges without relying on centralized market makers, thereby democratizing liquidity provision and maintaining decentralization. A notable feature of Elixir is deUSD, a fully collateralized, yield-bearing synthetic dollar backed by assets like stETH and MakerDAO’s USDS T-Bill protocol. This innovation facilitates institutional capital entry into DeFi without altering original asset exposures.
As of today, March 8, 2025, $ELX is trading at approximately $0.51, reflecting a 33.4% increase over the past 24 hours. The cryptocurrency boasts a market capitalization of around $77.77 million, with a circulating supply of 153 million $ELX tokens. In the last 24 hours, trading volume reached approximately $59.43 million, with prices fluctuating between a low of $0.36 and a high of $0.56.
Elixir's ecosystem is secured by a Delegated Proof of Stake (DPoS) validator network, where users can stake $ELX tokens to support validators and earn rewards. This mechanism ensures secure and efficient liquidity transactions, with validators requiring a 66% consensus to process transactions. The $ELX token plays a pivotal role in validator staking and governance within the Elixir ecosystem.