Uncle Sam’s New Bitcoin Stash is Official!

The White House officially established a Strategic Bitcoin Reserve and a US Digital Asset Stockpile.

Author

Danielle du Toit
March 07, 2025

Here's what we've got for you today:

  • Trump Signs Executive Order to Create US Bitcoin Reserve

  • Bitcoin Has ‘More Than 50% Chance’ of New High by June: Cory Klippsten

  • Solana Maintains High DEX Activity Even as Meme Coin Trading Drops

  • NFT Trading Volume Has Tumbled 63% Since December

The White House officially established a Strategic Bitcoin Reserve and a US Digital Asset Stockpile through an executive order signed by President Donald Trump.

  • President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve as a long-term store of value for Bitcoin, alongside a separate US Digital Asset Stockpile for non-Bitcoin assets.

  • The reserve will initially be funded by digital assets that were seized through criminal and civil asset forfeiture proceedings.

  • While the Treasury Department will oversee the assets, the government will not actively buy additional digital assets, beyond those obtained through forfeitures.

🔮 Bitcoin Has ‘More Than 50% Chance’ of New High by June: Cory Klippsten

Swan Bitcoin CEO Cory Klippsten believes that while Bitcoin is in a consolidation phase, he doesn’t see it stretching into the long-term.

  • Klippsten believes there is a more than 50% chance that Bitcoin will surpass its all-time high of $109,000 by June, despite the current market volatility.

  • Investors need to adapt to Trump’s tariff threats, inflation uncertainty, and trade war fears before Bitcoin can resume its upward trajectory.

  • Klippsten sees Bitcoin's current price below $100,000 as a temporary pause rather than the end of the bull run, with institutional demand still strong and macroeconomic uncertainty being a short-term hurdle rather than a long-term concern.

📊 Solana Maintains High DEX Activity Even as Meme Coin Trading Dips

Solana’s DEX volume still rivals those of the entire Ethereum ecosystem, even after a sharp decline in meme coin trading activity.

  • Solana’s share of on-chain DEX volume surged to over 43% in February, briefly surpassing Ethereum and its layer-2 networks, but its market share has since dropped to around 30%.

  • Solana’s DEX volumes are still competitive despite the downturn, especially with trading activity affected by high-profile meme coin scandals.

  • One of the most devastating incidents occurred on Feb. 14, when the meme coin Libra lost $4.4 billion in market capitalization within hours of its launch.

The last year for NFTs was their worst since 2020 after recording $13.7 billion in trading volume and under 50 million in sales.

  • NFT trading volumes dropped by over 60% from December, despite showing signs of recovery in late 2024.

  • After reaching $1.36 billion in December, NFT volumes fell 26% in January and another 50% in February, according to DappRadar analyst Sara Gherghelas.

  • The slowdown in NFT momentum is largely due to its correlation with crypto price movements, with falling valuations mirroring the broader market decline.

👀 QUICK NEWS

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