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⌐◪-◪ → POTUS is heading to DAS!

Today marks a historic moment as President Donald Trump becomes the first sitting U.S. president to address a crypto conference — the Digital Asset Summit (DAS) in New York. Remember, he was only a candidate when he showed up at Bitcoin Conference 2024 in Nashville.

According to The Kobeissi Letter, Trump is expected to make a major update to his crypto strategy, and naturally, crypto Twitter is buzzing with speculation. The leading (though entirely unconfirmed) rumor is that he’ll announce 0% capital gains tax on Bitcoin and other crypto investments in the U.S.

If that happens, we could easily see new all-time highs by Q2 2025.

Also on stage are Michael Saylor and Brad Garlinghouse, who will be discussing Bitcoin ETFs and institutional adoption. Safe to say, the lineup is stacked.

But regardless of what’s announced, one thing is clear — anyone who said Trump’s pro-crypto stance was just to win votes might need to rethink that narrative. He’s already in office, he’s already delivered on his campaign promises, and he’s still showing up consistently to help push the space forward.

Do you think Trump will announce anything major, or is he just attending to show support for the industry? Let me know what you think in Specs.Chat.

⌐◪-◪ → Another nation adopting Bitcoin!

Another one joins the crypto revolution — Pakistan is moving towards legalizing cryptocurrency trading, aiming to attract foreign investment and integrate blockchain tech into its financial system.

The government has launched the Pakistan Crypto Council to regulate and foster digital finance, which follows a period of ambiguity and previous bans on crypto in the country.

While details are still coming in, this move could position Pakistan as a hub for digital finance in the region. The specifics of the regulatory framework and long-term impact remain to be fully articulated, but this is undeniably bullish.

First corps, then banks, then states, then nations. The crypto prophecy is unfolding before our eyes. If you’re not stacking, you’re probably underexposed.

⌐◪-◪ → Stablecoins are not stopping!

Tether (USDT) just became the 7th largest buyer of U.S. Treasuries in 2024, with $33.1 billion in holdings. That puts them alongside major countries like Japan and China — yeah, it’s that big.

For context, here are the top 5 stablecoins by market cap as of today:

1. USDT: $143B

2. USDC: $59.21B

3. USDe: $5.41B

4. DAI: $5.37B

5. FDUSD: $2.2B

The stablecoin competition is really heating up, with other FinTech giants like PayPal and Ripple trying to break into the top 5.

While the broader crypto market is struggling, stablecoins are surging, recently hitting $234B in total market cap — nearly matching Ethereum’s $242B. This consistent growth is a bullish signal for the EVM ecosystem.

Don’t capitulate, keep accumulating, and thank me later.

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