NiftyNoon: What Should Donald Trump Put Into the US Crypto Strategic Reserve? 📜⚖️📈
With anticipation building for America’s first crypto summit on Friday, there has been debate on the inclusion of specific assets within the US crypto strategic reserve (March 6, 2025)
Nifty Thought:
With anticipation building for America’s first crypto summit on Friday, there has been debate on the inclusion of specific assets within the US crypto strategic reserve. Founders for altcoins such as Solana indicated they would prefer transparent criteria for reserve inclusion, even if that results in their preferred coin being excluded from the reserve’s initial allocation. Although the inclusion of Ethereum $ETH and Solana $SOL into the reserve’s initial allocation have not caused much controversy, there has been debate over the inclusion of Ripple $XRP and Cardano $ADA. Critics argue these coins do not offer the necessary liquidity and organic usage to warrant being included in such an important strategic fund. Furthermore, many have speculated that the initial mention of these tokens is the result of backdoor dealings that may point to nefarious and corrupt activity. It is the opinion of NiftyNoon that a strategic reserve should first be anchored around Bitcoin with room for potential initial inclusion of Ethereum and even Solana. Both Bitcoin and Ethereum have proven themselves to be durable assets over many market cycles with use cases that have persisted over time. Furthermore, both tokens have sufficiently large market caps and liquidity to support large purchases from the US government. Solana is also a contender for initial inclusion in the reserve but should be considered relative to the chain’s relatively centralized ownership and smaller market cap.
Highlighted News:
📜 Ripple pitched SOL as part of a national reserve in order to make the inclusion of XRP in a reserve seem more legitimate, according to sources familiar with the conversations:
https://x.com/laurashin/status/1897432710643134942?s=46
🟣 Co-Founder of Solana Labs shares thoughts on national reserve:
https://x.com/aeyakovenko/status/1897517764119830775?s=46
⤵️ March 5th BTC and ETH ETF Update:
https://x.com/lookonchain/status/1897314754231984448?s=46
💰 Donald Trump’s project, World Liberty Fi’s wallet just sent $25M USDC to a separate contract which purchased $10M ETH, $10M WBTC and $1.5M MOVE:
https://x.com/arkham/status/1897408933226250595?s=46
🎉 ETHDenver 2025 was a massive success; check out the highlights:
https://x.com/ethereumdenver/status/1897353579167646004?s=46
📈 The board of Nasdaq-listed BioNexus Gene Lab has approved Ethereum as its primary treasury asset:
https://x.com/iamdcinvestor/status/1897395379085455752?s=46
Project and Community News:
Japan's 10-year bond yield hits 1.5% for the first time since 2009: https://x.com/spectatorindex/status/1897463200725262617?s=46
The expected guest list for the crypto summit on March 7 has been revealed: https://x.com/cointelegraph/status/1897380494838231275?s=46
@BitwiseInvest Files S-1 for $APT ETF: https://x.com/degeneratenews/status/1897372568732205458?s=46
It appears that Coinbase will start offering tokenized stocks, beginning with their own, $COIN: https://x.com/ancientmedicin3/status/1897413668931039303?s=46
Franklin Templeton says Solana DeFi is undervalued despite strong growth: https://x.com/solanafloor/status/1897385413393965503?s=46
Arbitrum ($ARB) is now available to trade on Robinhood: https://x.com/robinhoodapp/status/1897286025111855330?s=46
Native USDC is coming to @LineaBuild with the industry’s first bridged-to-native upgrade: https://x.com/lineabuild/status/1897292069221360016?s=46
PARSIQ has migrated the (PRQ) ERC-20 token to the Reactive Network native token and wrapped REACT ERC-20 token (REACT): https://x.com/CoinbaseAssets/status/1897346709623013512
There’s ~$225B in stablecoins and ~$0 in stocks onchain today: https://x.com/ntmoney/status/1897462985762988538?s=46
Meet Noble Dollar—USDN—the dollar that pays you for holding it: https://x.com/noble_xyz/status/1897357480696631666?s=46
Trading firm @jump_ is regrouping its crypto efforts in the U.S. after a pullback from the region in recent years: https://x.com/coindesk/status/1897303532556186037?s=46
@BrianBrooksUS joining the Axelar Foundation as an advisor and Canary Capital filing the first ETF for the leading interoperability stack, @axelar: https://x.com/sergey_nog/status/1897416685763609019?s=46
Introducing Mobile Trade Vision - a completely redesigned Coinbase Advanced mobile trade experience: https://x.com/coinbasetraders/status/1897370170894725176?s=46
Punks really heating up with 12 sales in the past 2 hours; 23 in the past day: https://x.com/tyler_did_it/status/1897382747980894402?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 686 ETH (▼ 53.10%)
🌊 OpenSea ETH Daily Volume: 793 ETH (▼ 36.89%)
🟠 BTC : $91,428.12 (▲ 1.91%)
🔷 ETH: $2,299.21 (▲ 3.49%)
🟣 Solana: $151.86 (▲ 2.37%)
🟪 Polygon: $0.26 (▲ 0.55%)
Top NFT Sales:
CryptoPunks #1418: 57.00 ETH
CryptoPunks #7960: 54.96 ETH
CryptoPunks #8965: 50.00 ETH
NFT Daily Winners:
🚬 CryptoPunks: 37.88 ETH (▲ 6.70%)
🍭 Mocaverse: 2.10 ETH (▲ 5.25%)
🐧 Pudgy Penguins: 9.96 ETH (▲ 5.17%)
👩🏻 Milady Maker: 3.80 ETH (▲ 3.83%)
🧦 Bitcoin Puppets: 0.04 BTC (▲ 2.58%)
😡 Mad Lads: 49.89 SOL (▲ 1.09%)
🏳🌈 Chromie Squiggles: 3.99 ETH (▲ 1.01%)
🏴☠ Captainz: 0.87 ETH (▲ 0.11%)
NFT Daily Losers:
👾 Tensorians: 4.05 SOL (▼ 0.00%)
🦧 Bored Ape Yacht Club: 13.49 ETH (▼ 0.04%)
⛩ Azuki: 2.71 ETH (▼ 0.44%)
🐱 Quantum Cats: 0.20 BTC (▼ 1.16%)
🐵 NodeMonkes: 0.04 BTC (▼ 3.00%)
💼 Ordinal Maxi Biz: 0.04 BTC (▼ 3.43%)
Notes:
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