Last week, the most significant event in the cryptocurrency industry was the Trump administration’s formal signing of an executive order to establish a “National Strategic Bitcoin Reserve” based on the seizure of 200,000 bitcoins.
Although this fell short of market expectations regarding the strength of policy measures, such as not utilizing funds to purchase additional bitcoins, which led to a decline in bitcoin prices, in the long term, this marks an important turning point in national consensus for the cryptocurrency industry.
First, for a long time, government agencies in the United States and the broader Western world have shared a potential consensus that bitcoins and other crypto assets could challenge the status of fiat currencies. Although the executive order has its limitations, it somewhat concludes this potential consensus established by the Trump administration.
Second, the absence of plans to use additional funds to purchase bitcoins and the decision not to buy extra bitcoins are two different matters. Currently, the U.S. national debt has surpassed $36 trillion, with risks of default escalating. Consequently, Trump tacitly allowed Musk to reduce the size of federal government agencies, resulting in the layoff of tens of thousands of civil servants within weeks, leading to complaints from relevant government departments. In this context, it is understandable that the Trump administration has no plans to use taxpayer money to purchase bitcoins.
Furthermore, from a market perspective, the “lockup” of 200,000 government-seized bitcoins reduces the sources of market selling pressure. Additionally, there is a viewpoint that other countries may be forced to join a bitcoin reserve arms race, providing more motivation to slow down or halt the sale of seized bitcoins.
More importantly for the Trump administration is the opportunity to legitimize cryptocurrency assets through bitcoin reserves, maintaining the dollar’s status as the global reserve currency, which will be achieved through the use of stablecoins. Trump himself has indicated that he expects Congress to pass stablecoin legislation before the “August recess.” The Trump administration has already positioned the cryptocurrency world as an extension of dollar hegemony, consolidating the dollar’s control in the fiat world and indirectly supporting the credit of U.S. Treasury bonds.
In fact, it is not only the United States that recognizes this; other countries and regions are beginning to understand the strategic significance of the cryptocurrency world. Recently, Japan’s Financial Services Agency submitted amendments to the Fund Settlement Act to the Diet, involving regulatory adjustments for crypto assets (virtual currencies) and stablecoins. The reserve assets of trust-type stablecoins can be used to invest in up to 50% of Japanese government bonds (with a maturity of three months or less) or redeemable time deposits. European Central Bank President Christine Lagarde stated that the digital euro is more urgent than ever. Without the completion of legislation by the European Commission and Parliament, progress on the digital euro cannot be made.
On a deeper level, by holding bitcoin reserves, the U.S. can indirectly influence liquidity in the crypto market and even use it as leverage to negotiate around traditional financial sanctions. Promoting bitcoin reserves and regulatory clarity in the cryptocurrency industry can help the U.S. gain an advantageous position in the competition for technological standards in the crypto sector.
For various countries, the choice of cryptocurrency policy is no longer limited to the balance between financial innovation and risk prevention; it must also confront the multi-dimensional game involving sovereign currency status, technological sovereignty, and geopolitical influence. In the future, whoever can balance regulation and innovation, localization and globalization in this policy race will seize the advantage in the era of crypto assets.
Industry Major Events
The U.S. establishes a strategic reserve for bitcoin and digital assets
Source: https://flash.jin10.com/detail/20250307083553648800
Given the strategic reserve for bitcoin and emerging regulatory clarity, Coinbase plans to hire 1,000 employees in the U.S. this year
Source: https://x.com/brian_armstrong/status/1898144106804920349
Bloomberg: Gemini has submitted an IPO application and is collaborating with Goldman Sachs and Citigroup for the issuance
Source: https://x.com/brian_armstrong/status/1898144106804920349
Reddit co-founder Alexis Ohanian is seeking to acquire TikTok to “put the social media app on-chain”
Source: https://www.theblock.co/post/344570/reddit-co-founder-alexis-ohanian-joins-bid-to-acquire-tiktok-plans-to-move-social-app-onchain
Regulatory Indicators
The U.S. Office of the Comptroller of the Currency allows national banks and federal savings associations to engage in crypto asset custody, certain stablecoin activities, and participate in independent node verification networks for distributed ledgers
Source: https://occ.gov/news-issuances/news-releases/2025/nr-occ-2025-16.html
Trump expects Congress to pass stablecoin legislation before the “August recess,” ensuring the dollar’s status as the world’s primary reserve currency
Source: https://decrypt.co/309172/trump-rescind-irs-crypto-rules-sign-stablecoin-bill
Japan’s Financial Services Agency submitted amendments to the Fund Settlement Act to the Diet, stipulating that assets held by exchanges must remain domestic and that reserve assets of trust-type stablecoins can be used to invest in up to 50% of Japanese government bonds
Source: https://www.coindeskjapan.com/280353/
South Korea will accelerate the drafting process of the second phase of the Virtual Asset Act, which will address issues such as corporate regulation and token circulation disclosure
Source: https://www.yna.co.kr/view/AKR20250307066200001?input=1195m
The Texas Senate has passed a cryptocurrency-related bill that will allow some public funds to be invested in crypto assets, such as bitcoin
Source: https://www.coindesk.com/policy/2025/03/06/texas-surges-in-u-s-states-race-to-put-public-funds-into-crypto?ref=onepagecrypto.com
OSL: Multiple funds are negotiating tokenized products, with licensed exchanges possibly becoming infrastructure for institutional digital transformation
Source: https://www.panewslab.com/zh/sqarticledetails/irbohn4c.html
Investment and Financing Progress
Base announces the acquisition of the development team of Iron Fish blockchain to accelerate the research and development of privacy protection technology
Source: https://x.com/TheBlock__/status/1897917646286258295
AI crypto infrastructure company Validation Cloud announces completion of $15 million Series A financing, led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Side Door Ventures, and AP Capital
Source: https://www.panewslab.com/zh/sqarticledetails/y5ye21q6.html
Cryptocurrency brokerage August completes $10 million Series A financing, led by Dragonfly Ventures, with participation from SCB Limited, 6th Man Ventures, and Foresight Ventures
Source: https://fortune.com/crypto/2025/03/06/crypto-prime-brokerage-august-raises-10-million-dragonfly-ventures/
Seismic announces the completion of a $7 million seed round financing, led by a16z crypto, with participation from Polychain, NGC Ventures, dao5, and 1kx; the funds will be used to develop crypto blockchain
Source: https://x.com/SeismicSys/status/1897644591530348791
According to an official announcement from Acki Nacki, its network node presale has been successfully completed, raising over $6 million, with investors including Kingsway Capital, K5 Global, Blockchain.com, Original Capital, and Hack VC
Source: https://x.com/ackinackichain/status/1895488253408555214
The cross-chain interoperability platform Across Protocol completes a $41 million token financing round, led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, Multicoin Capital, and angel investor Sina Habinian
Source: https://www.theblock.co/post/344470/paradigm-leads-token-round-across-protocol-ethereum
French crypto trading company Flowdesk completes $102 million financing, with this round led by HV Capital and participation from existing investors Eurazeo, Cathay Innovation, and ISAI VC; the debt financing portion is provided by a fund managed by BlackRock
Source: https://www.coindesk.com/markets/2025/03/04/emb-march-4-4-am-et-flowdesk-raises-over-usd100-million-to-expand-trading-and-liquidity-desks
Project Updates
Sam Altman’s World Network officially launches the chat feature World Chat, supporting “real-person verified” chatting
Source: https://www.coindesk.com/tech/2025/03/06/sam-altman-s-world-network-unveils-new-chat-feature-to-connect-real-humans
The Avalanche Foundation announces the establishment of the infraBUIDL(AI) Program Committee, composed of experts from AI and blockchain institutions and organizations
Source: https://www.avax.network/blog/the-avalanche-foundation-announces-the-infrabuidl-ai-program-committee
TON Ventures indicates that it is considering forming a research team focused on the intersection of AI and cryptocurrency and plans to explore product-market fit on Telegram
Source: https://x.com/0xHoward_Peng/status/1897908697457988026?t=GKK0Egyr7X3RfRtqpq9QSw&s=19
Pundi AI collaborates with digital identity management company Twin3 AI to integrate Twin3’s soul-bound NFT with Pundi AI’s data solutions
Source: https://x.com/PundiAI/status/1897904953471193123
UnifAI’s Web3 universal AI agent UniQ has entered the Beta phase of testing, with users able to participate through the official Telegram
Source: https://x.com/unifainetwork/status/1897837103892816246?s=46
Polkadot 2.0 asynchronous support and Agile Coretime have been launched, with elastic scaling expected to be introduced on Polkadot in the second quarter of 2025
Source: https://mp.weixin.qq.com/s/0o6mB1N-ttNi3M9_c4n55Q
Bitwise collaborates with on-chain credit protocol MapleFinance to launch DeFi loan products for the first time. The product selected by Bitwise is a bitcoin-backed loan tool, suitable for U.S. accredited investors.
Source: https://www.coindesk.com/business/2025/03/06/crypto-asset-manager-bitwise-deploys-on-defi-platform-with-maple-finance-partnership
The P2P communication application Keet has released the v4 version as its first upgrade, providing stronger technical support for building decentralized P2P applications and communities
Source: https://x.com/paoloardoino/status/1897648335831421046
Lombard Finance announces that its liquid staking bitcoin token LBTC will be launched on the Sui blockchain on March 12
Source: https://www.coindesk.com/business/2025/03/06/lombard-finance-to-launch-its-liquid-staking-bitcoin-token-lbtc-on-sui
The lending protocol Aave plans to create a savings product called “sGHO” around its native stablecoin GHO and the new “Aave savings rate”
Source: https://www.theblock.co/post/344819/aave-community-pushes-gho-stablecoin-growth-with-governance-votes-including-proposal-for-yield-bearing-savings-token?ref=onepagecrypto.com
