XRP SURPASSED ETH IN FDV

Trump: And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!

Crypto Czar David Sacks: President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Crypto Summit.

The Week Ahead | @infinityhedge

Tue/4:
*Trump's address to the joint session of Congress
*US Proposed tariffs on China (additional 10%), Canada, Mexico to go into effect; Mexico aims to close a tariff deal by Tue., Bessent urged Canada to Match Mexico’s Pitch on China Tariffs, signalling a potential path to avert tariffs; China preparing response to fresh US tariffs

Wed/5:
*China’s Premier Li Qiang is expected to announce economic growth, budget targets, watching closely for stimulus details and Trade war with US
*$ENA Unlock: $800M

Fri/7:
*Trump to deliver remarks at White House Crypto Summit; Crypto Czar said ‘More to come at the Crypto Summit’
*US Nonfarm Payrolls, Unemployment Rate data
*Fed's Powell to speak

Post will be refreshed w/ new info and Graphics/Articles are in the group⬎

TRUMP, TSMC EXPECTED TO ANNOUNCE $100B INVESTMENT IN US: WSJ

*TSMC'S TOTAL INVESTMENT IN US WILL BE AT LEAST $165 BILLION: TRUMP

TRUMP SAYS TARIFFS ON NON-US AGRICULTURAL PRODUCTS ON APRIL 2

TRUMP: TARIFFS ON CANADA, MEXICO TO START TUESDAY

*TRUMP: NO ROOM LEFT FOR DEAL ON TARIFFS ON MEXICO, CANADA

*NVIDIA SHARES SINK 10% TO HIT LOWEST LEVEL SINCE SEPTEMBER

WHITE HOUSE: TRUMP SIGNED ACTION TO TARIFF CHINA AT 20%

*CHINA RETALIATES AGAINST TRUMP TARIFFS WITH LEVIES OF UP TO 15%

*CANADA ISSUES 25% RETALIATORY TARIFF ON US IMPORTS, WILL REMAIN IN PLACE UNTIL US TRADE ACTION IS WITHDRAWN

*Trump's 25% tariffs on Mexico and Canada took effect, ending decades of relative free trade between US and its North American neighbors; along with a doubling of duties on Chinese goods to 20%.

*The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live

*Mexico to announce response on Tuesday

Update: Mexico will announce counter-measures on Sunday

CANADA WILL BE IMPOSING 25% TARIFFS ON U.S. IMPORTS WORTH C$30 BLN WITH IMMEDIATE EFFECT: PRIME MINISTER TRUDEAU

CANADA TO IMPOSE 25% TARIFFS ON C$125B OF US IMPORTS IN 21 DAYS

IF U.S. TARIFFS PERSIST, CANADA WILL ALSO LOOK AT NON-TARIFF MEASURES

US TARRIFS AREN'T ABOUT FENTANYL, THAT'S LEGAL PRETEXT: TRUDEAU

TRUMP: US RECIPROCAL TARIFFS WILL IMMEDIATELY INCREASE IF CANADA IMPOSES RETALIATORY TARIFFS

LUTNICK: TRUMP MAY ROLL BACK CANADA, MEXICO TARIFFS TOMORROW

LUTNICK: TARIFFS COMPROMISE ANNOUNCEMENT LIKELY TOMORROW

LUTNICK: TRUMP IS CONSIDERING RELIEF FOR USMCA-COMPLIANT GOODS

*US WEIGHS ONE-MONTH DELAY OF CANADA, MEXICO TARIFFS ON AUTOS

*WHITE HOUSE: WILL GIVE ONE MONTH EXEMPTION ON ANY AUTOS COMING THROUGH USMCA

*Update: Mexico won't have to pay tariffs on USMCA goods until April 2: Trump

UPDATE: US PAUSES TARIFFS ON CANADA, MEXICO USMCA TRADE UNTIL APRIL 2

TRUMP: STEEL AND ALUMINUM TARIFFS WILL NOT BE MODIFIED

TRUMP: NO USMCA EXEMPTION FOR AUTO TARIFFS NEXT MONTH

⚠️ BIG EVENTS COMING TODAY:

*U.S. NFP DATA AT 8:30 ET
*TRUMP TO DELIVER REMARKS AT 11
*POWELL SPEAKS AT 12:30
*TRUMP SPEAKS AT 13:30
*TRUMP TO SIGN EXEC ORDERS AT 14:30
*TRUMP TO DELIVER REMARKS AT CRYPTO SUMMIT, 15:00

NFP ESTIMATES:
*MEDIAN: +160K
*JPM/GS: +175k/+170k
*JEFFERIES: +115k
*BBG: +65k
-----------------------------
ICYMI: ⚠️*President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.

*Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings.

*The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional BTC, provided that those strategies have no incremental costs on taxpayers.

*The U.S. will not sell any bitcoin deposited into the Reserve.

*Executive Order Also establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than BTC forfeited in criminal or civil proceedings.

*The government will not acquire additional assets (likely referring to Altcoins not BTC) for the Stockpile beyond those obtained through forfeiture proceedings.
-----------------------------
**SIZE OF RESERVE: Current US BTC balance available for re-purpose into a reserve is max 86k BTC, only 43% of current gov. holdings. that’s because of the ~198k BTC now held by USG, 112k BTC will be returned to bitfinex: Head of Research at Galaxy Research

U.S. TREASURY SECRETARY BESSENT: NEED TO BRING BITCOIN ONSHORE

BESSENT: WE'LL SEE WHAT THE WAY FORWARD IS FOR ANY BITCOIN ACQUISITION

BESSENT: FIRST THING TO DO IS STOP GOVERNMENT BITCOIN SELLING

BESSENT: BIG PROPONENT ON US TAKING WORLDWIDE LEAD ON CRYPTO

*US FEB. NONFARM PAYROLLS RISE 151K M/M; EST. +160K

*US FEB. UNEMPLOYMENT RATE 4.1%; EST. 4.0%

Revisions:
*December revised up by 16k, from +307k to +323k
*January was revised down by 18k, from +143k to +125k

That means employment in December & January combined is 2k lower than previously reported

Economists expect that the combination of government job layoffs, reduced government funding, uncertainty over tariffs and immigration restrictions will at least temporarily weigh on employment growth in the months ahead: WSJ

*NVIDIA SHEDS $1 TRILLION IN MARKET VALUE FROM RECORD HIGH

*TESLA SHARES ERASE ELECTION RALLY, DOWN 48% FROM RECORD HIGH

TRUMP ON CANADA TARIFFS: MAY DO TODAY, OR ON MONDAY OR TUESDAY