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Quick Take President Trump signed an executive order late Thursday to establish a U.S. Strategic Bitcoin Reserve and Digital Assets Stockpile. While some declared it a historic moment, others felt underwhelmed and disappointed, with questions remaining ahead of Friday’s Crypto Summit.
Quick Take Sen. Elizabeth Warren wrote to Trump’s crypto czar David Sacks requesting immediate clarifications and disclosures regarding potential conflicts of interest. Warren’s letter comes as the President signed an executive order to establish a U.S. Strategic Bitcoin Reserve late Thursday.
Quick Take A “Canary Sui ETF” entity has appeared on Delaware’s registration portal. Such a registration typically signals that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
Texas' Bitcoin Reserve bill cleared the Senate with strong bipartisan support. Without mandatory Bitcoin purchases, it now moves to the House for a final vote.
ADA’s uptrend is losing strength as resistance at $1 proves tough to break. Whale activity and ADX trends suggest potential consolidation ahead.
- 04:03The "Bitcoin Reserve Fund" in Texas will be used to hold cryptocurrencies with a market value of at least 500 billion US dollarsPANews reported on March 9th, according to Bitcoin.com, that the state of Texas in the United States will create a fund managed by the state government for holding Bitcoin and other cryptocurrencies. The Texas State Auditor will be responsible for regulating this reserve, which will hold cryptocurrencies with a market value of at least $500 billion and is eligible to receive state budget appropriations. In addition, a Strategic Bitcoin Reserve Advisory Committee has been established to provide guidance for managing this fund and is required to submit a report on its holdings every two years. Previously, the Texas Senate passed SB 21 bill which would allow the state to invest part of public funds into digital assets, especially Bitcoin. This bill still needs approval from the House of Representatives and signature from governor before it becomes law.
- 04:02Two major Ethereum whales increased their holdings by over 7500 ETH within 12 hoursGolden Finance reports, according to on-chain data analyst ai_9684xtpa's monitoring, two major Ethereum whales have increased their holdings by more than 7,500 ETH within 12 hours. Address one bought 6100 ETH at an average price of 2200 on the chain in the past 12 hours, worth $13.42 million. Nine hours ago, address two withdrew 1491 ETH ($3.29 million) from Binance and has accumulated a total of 4505 ETH over the past five days with a total value of $9.78 million and an average price of $2171; currently tokens are distributed to three addresses for storage.
- 04:01This week, the net outflow of Bitcoin spot ETF in the United States was 739.2 million US dollars, with a net outflow for four trading daysGolden Finance reports, according to Farside Investors data, this week the net outflow of Bitcoin spot ETF in the United States was $739.2 million, with a net outflow on four trading days and only $22.1 million on Wednesday alone. Among them: BlackRock's IBIT had a net outflow of $129.6 million; Fidelity's FBTC had a net outflow of $201 million; ARKB had a net outflow of $163.5 million; Grayscale's GBTC had a net outflow of $125.4 million.