NiftyNoon: The US Bitcoin Strategic Reserve is Here 🇺🇸🟠📈
President Donald Trump made good on his campaign promise in forming the US Bitcoin Strategic Reserve, although some pundits are not thrilled with its structure. (March 7, 2025)
Nifty Thought:
President Donald Trump made good on his campaign promise in forming the US Bitcoin Strategic Reserve, although some pundits are not thrilled with its structure. While the executive order ensures the existing Bitcoin America owns cannot be sold, the limitations of the executive branch restrict Trump for ordering the purchase of new Bitcoin for the reserve unless it is budget neutral. However, the executive order does make explicit mention of subsequent Bitcoin purchases so long as this budget neutrality is respected. This was introduced alongside the US Digital Asset Stockpile which will contain alternate existing currencies held by the US government such as Ethereum and Solana. However, no provisions enabling subsequent purchases exist. In fact, many speculate one vehicle by which new Bitcoin can be purchased is through the sale of these Digital Asset Stockpile coins as the shifting of capital around would not require additional budget. Nonetheless, many in the market were hoping for more aggressive acquisition plans of Bitcoin from the US government. Nonetheless, this is a strong move forward for the Bitcoin (and Bitcoin alone) in receiving validation from the US as a credible asset worth preserving. As US states (such as Texas) and other countries begin their own $BTC purchase plans, it feels like this order has marked a new beginning for Bitcoin as it continues its relentless march into establishing itself as digital gold.
Highlighted News:
🇺🇸 @davidsacks47, Crypto Czar, comments on the creation of the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile:
https://x.com/davidsacks47/status/189780228073873GJnxpItEZitktvzNRA&s=19
📜 President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile:
https://x.com/margomartin47/status/1897802829474955415?s=46
🤠 Texas Strategic Bitcoin Reserve Bill Passed the Senate:
https://x.com/rovercrc/status/1897719715759636812?s=46
💰 @worldlibertyfi recently spent $21.5M $USDC to buy:
https://x.com/dropstab_com/status/1897644913241784519?s=46
💧 @SuiNetwork announce a partnership with @worldlibertyfi, the Donald J. Trump-inspired pioneering DeFi protocol:
https://x.com/suinetwork/status/1897648557660004827?s=46
Project and Community News:
Impacts of the Strategic Bitcoin Reserve: https://x.com/Matt_Hougan/status/1897807605764141088
Rumours circulating that tomorrow @realDonaldTrump will announce that taxes can be paid in bitcoin and the person paying the taxes will face 0% capital gains on these payments: https://x.com/teddybitcoins/status/1897830544471408927?s=46
New Hampshire Bitcoin Reserve bill HB302 has passed the House committee: https://x.com/alanknit/status/1897672774732120464?s=46
Dubai's largest bank Emirates NBD now allows customers to buy Bitcoin & crypto through its digital banking app: https://x.com/bitcoinmagazine/status/1897685784007700563?s=46
Brazil’s Méliuz says board approves a new treasury strategy, allowing up to 10% cash allocation in Bitcoin: https://x.com/cointelegraph/status/1897615580502352146?s=46
Bhutan’s PM tells how strategic Bitcoin reserve helped finance their nation’s expenses: https://x.com/bitcoinmagazine/status/1897605625229517154?s=46
A whale is spending 15.7M $USDC to buy $HYPE: https://x.com/lookonchain/status/1897894961393394135?s=46
Woof has been awarded an InfraBUIDL(AI) grant by the Avalanche Foundation: https://x.com/wolvesdao/status/1897634255762493481?s=46
DoubleZero Foundation has completed a $28 million token round: https://x.com/doublezero/status/1897668666193281217?s=46
@SeismicSys raised $7M led by @a16zcrypto to build Seismic, the encrypted blockchain: https://x.com/seismicsys/status/1897644591530348791?s=46
YZi Labs Invests in Tensorplex Labs to Supercharge the Development of Decentralized AI: https://x.com/yzilabs/status/1897678910361625016?s=46
RedStone is making immediate changes to the selection process and allocations for the RED airdrop: https://x.com/redstone_defi/status/1897647415374872733?s=46
@base bringing on the team behind @ironfishcrypto to develop privacy-preserving primitives across Base: https://x.com/base/status/1897714465891926158?s=46
The Art Blocks website just got a refresh: https://x.com/artblocks_io/status/1897367373839233442?s=46
Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life: https://x.com/tuckercarlson/status/1897709140535132442?s=46
The bitcoin ETF is Blackrock's fastest-growing ETF in history. It's only a year old. Just starting: https://x.com/cz_binance/status/1897692191155216858?s=46
Quick Stats:
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Top NFT Sales:
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Fidenza by Tyler Hobbs #78000789: 32.50 ETH
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🚬 CryptoPunks: 38.45 ETH (▲ 1.50%)
🍭 Mocaverse: 2.12 ETH (▲ 0.86%)
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😡 Mad Lads: 49.90 SOL (▲ 0.04%)
👾 Tensorians: 4.05 SOL (► 0.00%)
NFT Daily Losers:
⛩ Azuki: 2.71 ETH (▼ 0.00%)
🐱 Quantum Cats: 0.20 BTC (▼ 0.24%)
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