🥜 The moon

PLUS: Executive Order Signed

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What we’ve cooked up for you today…

  • 🏦 Here we go

  • 🌖 It’s going to the moon

  • 💪 Grinding higher

  • 💰 And more…

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market data

Prices as at 2:40am ET

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HERE WE GO 🏦

BREAKING: President Trump tasks working group to evaluate creation of national crypto reserve

Bitcoin

The moment everyone’s been waiting for

We’ve finally got some news on the Bitcoin Strategic Reserve!

President Trump just signed an executive order creating a “Presidential Working Group on Digital Asset Markets”.

Checkout the full clip below:

This working group will focus on developing a regulatory framework for digital assets.

Something that the crypto industry has been wanting for years

The working group, led by “Crypto CzarDavid Sacks, will also evaluate the creation of a “national digital asset stockpile”.

Here’s exactly what the executive order says:

“The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”

President Trump Executive Order

The key word here is “evaluate”.

The strategic reserve is still not official and it looks like we’ll have to wait a little longer on that front.

But at least they’ve mentioned it now

When asked about the digital asset stockpile in an interview with Fox Business, David Sacks responded:

“Yeah, we’re going to evaluate that. We have not decided to do it yet. We need to study that.”

David Sacks

This executive order has also left the Bitcoin community torn

Bitcoin wasn’t mentioned a single time. 😥

Which has Bitcoin maxi’s a little worried that this “digital asset stockpile” will also include other cryptocurrencies.

The executive order only mentions “digital assets” and does not refer to any specific crypto.

CL tweet

No matter what way you look at it though, this is massively bullish for the entire crypto industry.

We finally have a government that wants to see the industry grow & develop.

As a reminder here’s what Trump has done so far:

  1. Freed Ross Ulbricht

  2. Repealed SAB 121

  3. Put the Digital Asset Stockpile into motion

  4. Declared that there will be no CBDC

  5. Gary Gensler is gone

  6. Formed a Digital asset subcommittee chaired by Cynthia Lummis

And it’s only been 3 days

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IT’S GOING TO THE MOON 🌖

The Bitcoin (crypto?) Strategic Reserve is coming.

When it does, we’re going to the moon.

That’s the latest message out of Fred Krueger.

fred1

Fred Krueger is a very successful entrepreneur, investor & mathematician.

Over the years, he’s built a reputation for making bold calls that have turned out correct.

In light of today's news, Fred reiterated his belief that a Strategic Reserve is coming:

Fred believes, when it does come, Bitcoin is going to the moon.

We agree.

Also, Fred isn’t the only one expecting a Strategic Reserve.

Following Senator Cynthia Lummis's new appointment, CZ, founder of Binance, the world’s largest crypto exchange, tweeted this:

Since Trump’s inauguration, there’s been a flood of good news.

Yet, prices have barely moved.

We see this as a huge positive, not a negative.

The majority of people are not paying attention to what’s happening.

The developments we’re seeing are monumental.

This government is, without question, the most pro-crypto government in history.

It’s not even close.

We think Crypto analyst Jesse Eckel put it best:

jesse1

The future for crypto has never been brighter. ☀️

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GRINDING HIGHER 💪

Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)

This metric provides a high level overview of the Bitcoin network’s user base/activity.

But there’s a slight catch…

One wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

  • Increasing number of addresses: increasing adoption levels 📈

  • Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉

onchain

As of today there are 52,631,436 addresses holding at least a little Bitcoin.

Which marks an increase of 28,746 wallets compared to when we looked at this metric two weeks ago.

And year-to-date this metric has increased by 107,899 wallets.

However…

Growth in this metric has somewhat stalled.

Right now it’s still 548,618 wallets less than the all-time (53,180,054) which it hit in early June 2024.

But here’s the thing with this metric:

It’s all about that trend line.

And if you zoom out that overall trend is still without a doubt up & to the right.

CRACKING CRYPTO 🥜

Ripple is the biggest obstacle for a Strategic Bitcoin Reserve in the US – Riot VP. Pierre Rochard claimed that Ripple is using millions of dollars to lobby for a diversified crypto reserve instead of a Bitcoin-focused strategy.

China sold near $20B Bitcoin from PlusToken seizure: CryptoQuant CEO. “A censored regime holding censorship-resistant money feels unlikely,” wrote CryptoQuant’s CEO.

Morgan Stanley Figuring Out How to Act as Transactors of Crypto, CEO Says. Morgan Stanley will work with the U.S. Treasury and other regulators to figure out how it can offer crypto in a safe way.

SEC's Hester Peirce term ending in June sparks concerns over crypto task force. Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, was appointed to lead the agency's newly announced crypto task force.

WHAT WE’RE READING 📚

Want to get even smarter? Check these out.

p.s. all completely FREE (one click subscribe link)

  • Raremints (link) - Daily crypto news

  • Bitcoin Breakdown (link) - Twice weekly 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

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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”)

In crypto, what does the term NFT stand for?

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MEME CORNER 😂

Because what would the crypto world be without its share of memes?

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Trivia Answer: C) Non-Fungible Token 🥳

NFT stands for non-fungible token. NFTs are unique digital identifiers that represent ownership of a specific asset, such as a piece of art, music, or real estate.

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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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