NiftyNoon: Donald Trump’s Strategic Crypto Reserve Saves the Market 🇺🇸🟠📈
Donald Trump called crypto a “critical industry” and announced plans to move forward with a U.S. crypto strategic reserve anchored by $BTC, $ETH, $XRP, $SOL, and $ADA (March 3, 2025)
Nifty Thought:
Donald Trump called crypto a “critical industry” and announced plans to move forward with a U.S. crypto strategic reserve anchored by $BTC, $ETH, $XRP, $SOL, and $ADA. Although the diversity in coins proposed to be included in the reserve has drawn criticism, the news has nonetheless sent major shockwaves across all crypto markets. With majors such as Bitcoin and Ethereum recovering dramatically off their recent dips, the entire space now feels more optimistic than ever. Trump’s ability to fully execute the order and the precise asset allocation of assets still remains uncertain. Given Trump’s previous support of Bitcoin, his memecoin’s native chain of Solana, and his DeFi protocol’s home on Ethereum, it is likely that these three coins will comprise of the majority of the strategic reserve.
Highlighted News:
🇺🇸 BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the US Reserve announced by President Donald Trump:
https://x.com/trump_repost/status/1896247384923050059?s=46
🪨 BlackRock adding 1-2% IBIT allocation to their model portfolios that allow for alts:
https://x.com/NateGeraci/status/1895503415201222815
⚖️ Crypto Czar @davidsacks47 has a massive conflict-of-interest with this
announcement that folks should be aware of:
https://x.com/dmartkc/status/1896260059640025113?s=46
🐋 This whale, who was long BTC and ETH with 50x leverage, has closed most of his long positions, making over $6.8M in just one day:
https://x.com/lookonchain/status/1896229586553463130?s=46
Project and Community News:
President Trump will host the first White House Crypto Summit on Friday March 7th: https://x.com/davidsacks47/status/1895660834799698008?s=46
CME Group to Launch Solana Futures on March 17th: https://x.com/DeItaone/status/1895474210472178033
David Sacks has sold his personal cryptocurrency holdings, according to a person with knowledge of the matter: https://x.com/davidsacks/status/1896398256357384310?s=46
BlackRock Adds its Bitcoin ETF to Model Portfolio for First Time: https://x.com/matthew_sigel/status/1895501348084519294
@brian_armstrong shares thoughts on US Crypto Reserve: https://x.com/brian_armstrong/status/1896350375482970532?s=46
The number of unique daily transactions on @SonicLabs has increased significantly (surpassing 1.5M) and outpacing many other chains: https://x.com/houseofchimera/status/1895531450365051357?s=46
Solana Unlocks are now over: https://x.com/solananew/status/1895874636950487083?s=46
In the past hours, 5 whale accounts unstaked 5.52M $SOL($810M): https://x.com/lookonchain/status/1895680591796093389?s=46
February was a big month for the Abstract ecosystem and community, here’s the recap: https://x.com/abstractchain/status/1895893880215871494?s=46
@zachxbt questions why Circle has yet to freeze 115K USDC directly tied to the Bybit hack by DPRK with zero obfuscation after 5 hours: https://x.com/zachxbt/status/1895515696496365574?s=46
The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors: https://x.com/ethereumfndn/status/1895851576251826227?s=46
@dannyryan joining as a cofounder of @etherealize_io to help onboard the world to Ethereum: https://x.com/dannyryan/status/1895851747865944114?s=46
Have we collectively underestimated the impact of this memecoin downturn? https://x.com/Tyler_Did_It/status/1895909392626733071
The @onchainheroes Dungeons open Monday: https://x.com/onchainheroes/status/1895603460915281994
Punk 4464 bought for 1,011 ETH ($2,183,749.88 USD) by 0x8a77b7 from 0x561786: https://x.com/cryptopunksbot/status/1895863431363698791?s=19
Quick Stats:
👾 Blur ETH Daily Volume: 1,629 ETH (▲ 136.28%)
🌊 OpenSea ETH Daily Volume: 998 ETH (▲ 36.39%)
🟠 BTC : $92,618.73 (▲ 7.54%)
🔷 ETH: $2,355.42 (▲ 5.11%)
🟣 Solana: $161.40 (▲ 12.39%)
🟪 Polygon: $0.28 (▲ 1.13%)
Top NFT Sales:
CryptoPunks #7685: 58.00 ETH
CryptoPunks #8381: 38.66 ETH
CryptoPunks #1801: 34.00 ETH
NFT Daily Winners:
💼 Ordinal Maxi Biz: 0.04 BTC (▲ 23.24%)
🏴☠ Captainz: 0.99 ETH (▲ 9.38%)
🐧 Pudgy Penguins: 10.18 ETH (▲ 8.53%)
🧦 Bitcoin Puppets: 0.04 BTC (▲ 5.97%)
🦧 Bored Ape Yacht Club: 13.88 ETH (▲ 3.58%)
🚬 CryptoPunks: 35.49 ETH (▲ 2.31%)
⛩ Azuki: 2.80 ETH (▲ 1.78%)
🍭 Mocaverse: 2.07 ETH (▲ 0.93%)
🏳🌈 Chromie Squiggles: 4.09 ETH (► 0.00%)
NFT Daily Losers:
🐱 Quantum Cats: 0.21 BTC (▼ 0.96%)
🐵 NodeMonkes: 0.04 BTC (▼ 2.00%)
👩🏻 Milady Maker: 3.82 ETH (▼ 2.01%)
👾 Tensorians: 4.47 SOL (▼ 2.19%)
😡 Mad Lads: 49.53 SOL (▼ 3.38%)
Notes:
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