2 min read

Trump dropping Alpha

Trump dropping Alpha
Photo by Art Rachen / Unsplash

There is A LOT going on with Crypto and the United States Government. So much so that I will link you to the information, so you can DYOR (Do your own research). Ya I know, that's a lot of reading.

Ready to get "Orange Pilled"??
Say YES! really loud so the person next to you thinks ya nuts.

Now, you may look like this right now.... ya, it's been a wild ride of choppy markets.... things will get better. I promise?

Strategic Bitcoin Reserve Executive Order - ohhyaaaaa

On March 6th, President Trump signed an executive order to establish a national cryptocurrency reserve. The executive order is linked below so you can check that out.

Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.

Key points to be aware of....

  1. The Strategic Bitcoin Reserve is created to treat $BTC as a reserve asset.
  2. A separate Digital Asset Stockpile is established to manage other digital assets, other than $BTC, through forfeiture.
  3. Unlike the Bitcoin Reserve, the government will not actively purchase additional assets for this stockpile; it will only include assets already seized.

Oh, if you want to see what the United States Government is holding, here is a link you can share with your family and friends. They will love it.

Arkham

United States Government Holdings

White House Crypto Summit

Today marks the first ever Crypto Summit at the White House. They are bringing together crypto industry leaders and government officials. This event follows the signing of the Executive Order mentioned above, establishing the "Strategic Bitcoin Reserve". This was a promise from President Trump on his campaign. Attendees of the Crypto Summit include Coinbase CEO Brian Armstrong and Strategy Michael Saylor, just to name a few. The focus will be on regulation and the strategic reserve.

At the time of this writing, $BTC is at 88k even after this booolish news.

Crypto Tidbits

  • The SEC closes investigation into Kraken and Yuga Labs
  • Fidelity’s Spot Ethereum ETF acquires 10,100 ETH for $21.7M
  • 21Shares Advances Polkadot ETF Plans with Updated SEC Filing
  • Coinbase 50 index released
  • Metamask Mastercard released
  • Pump.fun sees 63% drop in trading due to all the scammmmmssss (stay away)

Final Words

Next week I will be sharing information about one of my favorite NFT projects on the Shibarium Network. You won't want to miss that one 🥰

Have a great weekend, don't fumble yer bags.