Ripple Lobbied Trump for $SOL in Crypto Reserve to Boost $XRP! 🚀

Ripple’s leadership reportedly lobbied President Trump to include $SOL in the U.S. crypto reserve, aiming to make $XRP a more legitimate asset in the crypto community. 👀

💬 US Commerce Secretary Howard Lutnick: "Trump is interested in a strategic BTC reserve, while other crypto assets will be considered separately — positively, but differently."

Meanwhile, Cardano’s Charles Hoskinson claims he had no knowledge of $ADA being considered for the reserve. 🤔

Solana Co-Founder: "The U.S. Shouldn’t Create a Crypto Reserve" 🧐

Anatoly Yakovenko believes a U.S. crypto reserve would harm the industry and suggests alternatives:

▪️ No reserve at all – Keeping decentralization intact means no government control over crypto.
▪️ State-level reserves – Each state managing its own crypto holdings could mitigate risks from Federal Reserve missteps.
▪️ Clear rules if it happens – Any reserve must have objective, measurable principles, allowing Solana to align with it.

Yakovenko also clarified he was not involved in lobbying for $SOL in Trump’s proposed crypto reserve. 🤷

📉 Bearish Sentiment on Ethereum at Yearly Highs

Santiment reports that bearish sentiment around Ethereum is at its highest in the past year, based on social media posts.

However, historically, markets often move opposite to crowd expectations. Could this be a sign that Ethereum is set for a rally despite the negative sentiment? 🤔

The state of New York is taking a tough stance on crypto fraud with the introduction of bill A06515, aimed at criminalizing rug pulls and other fraudulent schemes in the crypto world. 🧐

A rug pull happens when token developers quickly withdraw liquidity, leaving investors with worthless assets.

📝 The bill, authored by Assembly member Clyde Vanel, seeks to amend the state's Penal Law to include penalties for crimes like fraud involving virtual tokens, private key theft, and rug pulls.

Offenders could face fines up to $5 million and prison sentences of up to 20 years. For corporations, penalties could reach $25 million. 🙀💰

This new legislation reflects the growing push to hold bad actors accountable in the crypto space.

🚀 US Gov Sold the Dip—Lost $17B 🚀

David Sacks, Trump’s new Crypto Czar, says the U.S. government could’ve made $17B more if they just HODL’d their seized Bitcoin instead of panic-selling. 🤦‍♂️

Now, Trump wants to stop the sell-offs and turn the BTC stash into a national reserve. 🇺🇸💰

Meanwhile, the U.S. still holds 198,100 BTC (~$18.4B), but will they diamond-hand it or keep selling like a degen with paper hands? 🤔

🇺🇸 JPMorgan: No XRP, SOL, and ADA in U.S. Crypto Reserve! 🚫

JPMorgan thinks a U.S. strategic crypto reserve has less than a 50% chance of approval—too many congressional hurdles. 🤷‍♂️

Even if it happens, XRP, Solana, and Cardano are likely out due to risk & volatility concerns. Only BTC & ETH stand a real chance.

Meanwhile, crypto markets are bleeding 📉—record ETF outflows, fading retail hype, and short traders piling in. Buckle up! ⏳

Trump’s Bitcoin Reserve SCAM?! 🤯💰

✍️ Trump signed an executive order to create a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile"—exactly what crypto enthusiasts have been dreaming of. But here’s the catch…

🇺🇸 The reserves will be formed only from confiscated funds, meaning the U.S. government won’t be buying BTC from the market—at least for now.

📉 The market reacted instantly, with Bitcoin dropping 6% to $84K.

📊 Some analysts, however, see a silver lining: A U.S. Bitcoin reserve could push other states, countries, banks, pension funds, and asset managers to start stacking BTC. 🚀

💰 Will the U.S. return 112K BTC to Bitfinex? 🤔

The U.S. government holds 198,100 BTC, but only 86,000 BTC may go to the national Bitcoin reserve. The remaining 112,000 BTC—linked to the 2016 Bitfinex hack—could be returned to the exchange. 👀

⚖️ A January court ruling approved the return of 80% of the recovered BTC to Bitfinex, recognizing the exchange as the sole victim. The FBI seized 94,636 BTC in 2022 from convicted hacker Ilya Lichtenstein and his wife, Heather Morgan, who were found guilty of theft and money laundering.

📜 Importantly, Bitfinex will receive BTC, not fiat. Since the exchange compensated affected users, it remains the only claimant.

🚨 Will the U.S. follow through with the return, or will the BTC stay in government hands? Trump's administration remains silent.

🇺🇸 U.S. Portfolio

You can view the U.S. government's portfolio and potential candidates for addition to the reserve on Arkham. 👀

So far, SOL, XRP, and ADA are missing, even though they are supposedly meant to be included 🤔.

Trump's new crypto reserve decree is like a treasure hunt, but with a twist. 💎

The key idea? Acquise Bitcoin without making taxpayers foot the bill. So how do they do it? 👀

Well, they have a few options:

1️⃣ Confiscation: Take it from the bad guys—Bitcoin's like a modern-day pirate's loot.
2️⃣ Sell Gold: Sell a bit of that shiny yellow metal and grab some BTC. Cynthia Lummis approves. 👍
3️⃣ Trade Tariffs: Use money from customs fees to buy Bitcoin. Taxes? Not today!
4️⃣ Mining: Set up federal Bitcoin mines—because why not dig for digital gold?

In short, Trump’s crypto strategy is all about getting rich without opening the taxman’s wallet. 🤔

🇺🇸 Donald Trump Spoke at the Crypto Summit in the White House!

Donald Trump:

🔸 We will make America the crypto capital of the world.
🔸 We will create a crypto reserve.
🔸 The BTC reserve will become the digital Fort Knox.
🔸 The U.S. government holds approximately 200,000 BTC.
🔸 Non-BTC assets will be stored in a separate vault.
🔸 The Treasury and Commerce Departments will explore ways to acquire additional BTC reserves.
🔸 I want stablecoin legislation passed before the August recess.
🔸 America will never sell its BTC.

Scott Bessent (U.S. Treasury):

🔸 We will focus on creating a regulatory framework for stablecoins.
🔸 We will end the crackdown on the crypto industry.
🔸 The U.S. will strengthen dollar dominance through stablecoins.

Bitcoin dropped to $85,000 after Trump's speech 👀

🚨 Arthur Hayes on BTC Correction

📉 Bitcoin Dipped to $80K, Now at $82K – More Downside Ahead?

🤔"An ugly start to the week..." — Arthur Hayes warns that Bitcoin could retest $78K, and if it fails, $75K is next.

With a large options open interest (OI) between $70K-$75K, a drop into this range could trigger high volatility. Buckle up! 🎢

📉 ETH has lost almost 50% of its value over the year 🤷

Bitcoin, despite being in a correction, remains in the "green" zone (+18%) 🚀

🇺🇸 US Banks Can Now Hold Crypto & Operate as Validators

The OCC has confirmed that U.S. banks can custody crypto, work with stablecoins, and act as blockchain validators without prior approval. Previously, banks needed explicit consent before handling digital assets, but this requirement has been removed.

Regulators emphasized that risk management should remain at traditional banking standards, but crypto will no longer be treated as a high-risk asset class. The OCC aims to establish a unified regulatory approach for banking operations, regardless of technology. 🚀

🎮 CS2 Skins Outperform Stocks & Crypto

The CS2 skin market has surged to $4.3 billion, growing 20% in the last three months. 🚀

Unlike stocks and crypto, skin prices have shown more stable growth, driven by game popularity, rarity, and other factors.🤔

🇪🇸 Spain’s Largest Bank Enters Crypto Market

BBVA, Spain’s biggest bank, has received regulatory approval to offer BTC and ETH trading. Clients will be able to buy, sell, and manage crypto directly through the bank’s app. A major step for crypto adoption! 🚀

😐 Trump's Company Facing Losses

The assets of Trump's company, World Liberty Finance, are now valued at $78 million, down from an initial investment of $168 million. 📉

The majority of these assets are in Ethereum. 😄

Currently, 23% of all Bitcoin (4.56 million BTC) are sitting in unrealized losses. 👀

The percentage of profitable Bitcoin has dropped from 99% to 76%. 📉

Interestingly, during the previous consolidation phase, this figure fell to 70%, hinting at a similar market macro cycle. It looks like history is repeating itself in the crypto world! 🤔

📊 Crypto Leaders Since 2013: BTC Still on Top

Over the years, 241 altcoins have come and gone from the top 10 by market cap, but Bitcoin has remained the undisputed leader. 💪

The dominance of BTC continues from 2013 to 2025. 🚀