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PLUS: Bitcoin only reserve?
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We're the crypto newsletter that's more haunting than being trapped in a world where reality and nightmares collide... 👁️🌀
What we’ve cooked up for you today…
🤔 Bitcoin only reserve?
🎢 Volatility precedes big moves
📈 Exchange balance surge
💰 And more…
Prices as at 2:45am ET
BITCOIN ONLY RESERVE? 🤔
BREAKING: Trump’s commerce secretary hints at Bitcoin-only strategic reserve
Following on from yesterday’s newsletter…
We’ve got even more details about this Friday’s White House Crypto Summit.
U.S. Commerce Secretary Howard Lutnick has confirmed that the Trump administration WILL unveil plans for a Bitcoin Strategic Reserve.
In an interview with The Pavlovic Today, Lutnick emphasized that Bitcoin will have a unique status in the reserve:
“The President definitely thinks that there’s a Bitcoin Strategic Reserve. Now, there will be the question of, how do we handle the other cryptocurrencies. And I think the model is going to be announced on Friday when we do that.”
Lutnick also made it clear:
Trump campaigned on making the U.S. the crypto capital of the world, and now he’s putting that vision into action.
"A Bitcoin strategic reserve is something the President's interested in. He spoke about it all during the campaign trail, and I think you're going to see it executed on Friday.”
But what about Ethereum, XRP, Solana, and Cardano?
Lutnick had this to say:
"So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently — positively, but differently."
While the specifics remain unclear, we believe this suggests that Bitcoin will dominate the reserve, with altcoins playing a much smaller role.
Not long to go now until the big day…
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VOLATILITY PRECEDES BIG MOVES 🎢
Bitcoin's went down nearly 30% from its all-time high, and if you're feeling down about it - you’re not alone.
But…
Extreme volatility often comes before Bitcoin's biggest upward moves.
That’s straight from mathematician Fred Krueger.
Fred Krueger is a very successful entrepreneur, investor & has a PHD in math.
This week, Fred highlighted the silver lining in Bitcoin’s recent volatility:
It’s true - extreme volatility has often preceded Bitcoin’s biggest bull moves - 2013, 2017, 2021.
This is no coincidence. There’s a pattern.
When Bitcoin’s volatility spikes, it creates momentum. Weak hands panic sell. Smart money accumulates. And once the dust settles, new capital floods in.
Volatility isn’t just noise - it’s the shakeout before the breakout.
Something to think about. 💭
Volatility isn’t a curse - it’s a gift. 🎁
EXCHANGE BALANCE SURGE 📈
Today we’ll be checking in on the amount of Ethereum available for sale on exchanges.
Here’s how to interpret this metric:
Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂
Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻
According to Glassnode, there are currently 17.94 million ETH available for sale on exchanges.
That’s just 14.94% of the entire circulating supply.
However… that number is climbing fast.
In just the last two weeks, exchange balances have surged by 662,233 ETH (~$1.48 billion at today’s prices).
Given the recent negative sentiment surrounding ETH, this isn’t a total surprise.
Sharp price drops often lead to panic selling as traders rush to offload assets.
But here’s the key takeaway:
Despite the spike, exchange balances are still hovering near historically low levels.
While short-term selling pressure has increased, long-term holders aren’t budging just yet.
CRACKING CRYPTO 🥜
Donald Trump to reportedly unveil Bitcoin reserve strategy at White House crypto summit. President Donald Trump to highlight Bitcoin's unique status during policy discussions at White House Crypto Summit.
Ethereum Pectra upgrade live on testnet, but mainnet may face delays. Ethereum’s Pectra upgrade was successfully deployed on the Sepolia testnet, but developers may delay the mainnet launch due to unresolved issues on Holesky.
Solana DeFi Tokens Undervalued Compared to Ethereum's, Says Franklin Templeton. There's a mismatch between the old guard and new.
Analysts see boost in bitcoin with China's new fiscal and monetary stimulus. Historically, expansive stimulus and monetary policies have coincided with bullish trends in cryptocurrency markets.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
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Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Daily Bitcoin news
Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
CAN YOU CRACK THIS NUT? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
How often is Bitcoin's mining difficulty adjusted? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Every two weeks 🥳
Bitcoin’s mining difficulty self-adjusts every 2 weeks to ensure that it takes ~10 minutes to add new blocks to the blockchain.
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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.
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