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  • 3/6/25: Is Trump About to Reveal the Bitcoin Reserve? šŸ‡ŗšŸ‡øšŸ“ˆšŸ‡§šŸ‡¾

3/6/25: Is Trump About to Reveal the Bitcoin Reserve? šŸ‡ŗšŸ‡øšŸ“ˆšŸ‡§šŸ‡¾

Todayā€™s issue is brought to you by Safe ā€” the worldā€™s leading smart account provider on EVM, securing $100B+ in assets (including Vitalikā€™s).

Top News

  1. Bitcoin reserve strategy may be revealed tomorrow

  2. Coinbase explores a tokenized version of $COIN stock

  3. Belarus plans to mine Bitcoin using surplus nuclear energy

Specsā€™ Insights

1. Bitcoin reserve strategy may be revealed tomorrow

āŒā—Ŗ-ā—Ŗ ā†’ The odds of a Bitcoin reserve just shot up big time!

Speculation is running wild that Trump will announce his strategy for the Bitcoin Strategic Reserve tomorrow at the White House Crypto Summit. The odds of a Bitcoin reserve happening in 2025 have surged 20% this week on Polymarket, now sitting at 65% and climbing.

Trump has been teasing this for monthsā€”heā€™s promised a reserve, signed executive orders, and even specified which cryptos it would hold (which saw immediate pushback). But the big question remains ā€” how will it actually work, and will congressional approval be required?

High-ranking officials are hinting that tomorrow could be the big reveal:

  • David Sacks (Crypto Czar) pointed out that the U.S. paper-handed 195,000 BTC, costing taxpayers $17B because there was no long-term strategy.

  • Howard Lutnick (Head of U.S. Sovereign Wealth Fund) said, ā€œA Bitcoin strategic reserve is something the Presidentā€™s interested inā€¦ and I think youā€™re going to see it executed on Friday.ā€

Still, the reserve has sparked major debate. Industry leadersā€”including Coinbase CEO Brian Armstrongā€”argue it should be Bitcoin only and not hold ETH, XRP, SOL, or ADA. The pushback has been strong, and a lot of these critics will be at the summit tomorrow ā€” full list of attendees.

That said, Howard Lutnick hinted that ā€œBitcoin will be treated differently from altcoinsā€ā€”so maybe the reserve will be structured with a heavy BTC weighting and a market cap-weighted index for the rest. Something like 75% BTC and 25% spread across the others. Just a random number, but it sort of check out given Bitcoin dominance is currently 60.5%.

Regardless, Iā€™m bullish on the idea of a U.S. crypto reserve, but Iā€™m even more curious about how they plan to execute it. If itā€™s happening, I want detailsā€”and I want them fast.

2. Coinbase explores a tokenized version of $COIN stock

āŒā—Ŗ-ā—Ŗ ā†’ The stock market is going onchain

Coinbase is reportedly exploring a tokenized version of its own stock, COIN ( ā–¼ 7.43% )ā€”something that could open the floodgates for stock tokenization and permanently change Wall Street.

This is giving big Amazon vibes. First, they disrupted bookstores, thenā€¦ well, everything. Tokenizing stocks could be TradFiā€™s Amazon moment, and if Coinbase pulls this off, it will force the legacy system to evolve or die. The benefits are obvious, but Iā€™ll outline them anyway:

  • 24/7 trading instead of 9:30am-4pm

  • Instant settlement vs. waiting T+2 days

  • Fractional ownership for any stock

  • Global accessibilityā€”no more borders

  • Near-zero fees, no middlemen

  • Trustless borrowing/lending

  • Transparent real-time trading

Bringing stocks onchain would instantly eliminate the need for brokers, clearinghouses, and even traditional exchanges like NYSE and NASDAQ. Theyā€™d have no choice but to adapt or be left behind.

And itā€™s not just about public stocksā€”this would revolutionize private markets too. IPOs, M&A deals, and even early-stage startup funding could all be tokenized, blurring the lines between private and public companies.

For Coinbase, this is a power move. They have regulatory clout, strong TradFi + DeFi infrastructure, and could easily become the go-to U.S. platform for tokenized stocksā€”essentially a neo-stock exchange.

The writingā€™s on the wall. At some point, the blockchain will be our great shared financial backend. Legacy systems will just be portals connecting to it.

3. Belarus plans to mine Bitcoin using surplus nuclear energy

āŒā—Ŗ-ā—Ŗ ā†’ Bitcoinā€™s making use of stranded energy!

Belarus is getting into Bitcoin mining. President Alexander Lukashenko just directed the countryā€™s energy minister to explore using surplus electricityā€”mainly from its nuclear power plantā€”to mine BTC.

For context, Belarus has some of the cheapest electricity in Europe, making it a prime candidate for mining operations. And they arenā€™t aloneā€”El Salvador and Bhutan are already using excess energy to mine crypto.

Usually, surplus energy gets ā€œcurtailed,ā€ meaning itā€™s wastedā€”often sent to ā€œdump loadsā€ where itā€™s just converted into heat and dissipated. Bitcoin fixes this.

One of Bitcoin miningā€™s biggest advantages is its mobility and flexibility. Unlike a gas power plant, which canā€™t just turn off and on at will, Bitcoin miners can relocate and start/stop operations as needed. This allows them to absorb energy that would otherwise be wasted.

People love to bash Bitcoin for its energy consumption, but the reality is itā€™s actually making the global energy grid more efficient. Instead of wasting power, weā€™re putting it to good useā€”securing the hardest money in the world.

And donā€™t even get me started on the Kardashev scaleā€¦

Everything Else

ā›“ļø Crypto & DeFi

  • Ethereum devs fix bug in Pectra upgrade testnet

  • Uniswap expands governance reward program

  • Bitcoin & ETH volatility expected after Trump summit

  • Mt. Gox moves $1B in Bitcoin to unmarked address

  • Ripple grants $50M to crypto education nonprofit

  • Aave proposes yield-bearing version of GHO stablecoin

  • Tether & Circle compete for stablecoin regulation edge

  • Elon Musk loses bid to block OpenAI transition

  • Stablecoins reshape payments in emerging markets

  • Moonbirds & Reddit founders revive Digg with AI twist

  • Noble launches yield-paying stablecoin on Cosmos

  • Coinbase may be issuing a credit card

šŸ¦ Wall Street & VC

  • BioNexus first public company to approve ETH treasury reserves

  • Coinbase eyes tokenized securities amid regulatory shift

  • Canary Capital files for Axelar ETF

  • Bitwise files for Aptos ETF

  • CoreWeave acquires AI platform ahead of IPO

  • Jump Trading restructures US crypto operations

  • DoubleZero raises $28M on $400M valuation for blockchain fiber network

šŸ›ļø Legal & Regulatory

  • Trump to unveil Bitcoin reserve strategy this week, says Howard Lutnick

  • Bitwise says market misinterpreting Trumpā€™s crypto reserve

  • Trump speech skips crypto, signaling low priority

  • National Crypto Association launches with Ripple support

  • New York proposes bill to criminalize crypto fraud

  • US sanctions Iranian darknet marketplace operator

  • Solana co-founder opposes US crypto reserve

  • US to release seized Bitcoin mining hardware

  • Tennessee uses Bitcoin to verify election results

šŸŒŽ Rest Of The World

šŸ–¼ļø NFTs & Metaverse

  • Mastercard launches NFT-linked apparel for golf event

  • NFT ETF seen as unlikely due to lack of investor confidence

  • CryptoPunks see a whopping 23 sales in 24 hours

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