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- 3/7/25: Trump Just Created Digital Fort Knox ššļøš¤
3/7/25: Trump Just Created Digital Fort Knox ššļøš¤

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Top News
Trump signs order to establish Strategic Bitcoin Reserve
Tucker Carlson interviews Sam Bankman-Fried from prison
Texas Senate passes Strategic Bitcoin Reserve bill

Specsā Insights
1. Trump signs order to establish Strategic Bitcoin Reserve
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means itā¦ x.com/i/web/status/1ā¦
ā David Sacks (@davidsacks47)
12:11 AM ā¢ Mar 7, 2025
āāŖ-āŖ ā Presenting, Digital Fort Knox!
Yesterday, President Donald Trump officially created a Strategic Bitcoin Reserve and Stockpile, delivering on his biggest promise to the crypto community. While some are trying to downplay the move (likely just their T.D.S. acting up), the reality is this is a massive, unprecedented moment in Bitcoin history.
The executive order does a few key things: it establishes the reserve, sidelines 200K BTC (~1% of supply) in U.S. government holdings, allows for the stockpiling of other seized crypto, andāmost interestinglyāauthorizes ābudget-neutralā strategies to acquire more Bitcoin without adding costs to taxpayers.
That last bit is still unclear, but Michael Saylor already chimed in saying he has a few strategies in mind. Could be Bitcoin bonds, selling gold, or even liquidating some of our strategic cheese reserves. All fair game.
For those saying this is "nothing," you need to wake up. The ETFs legitimized Bitcoin as an asset for Wall Street. This just legitimized Bitcoin as an asset for nation-statesāon par with gold. The real race for sovereign Bitcoin accumulation has officially begun.
With this news out of the way, it makes you wonder what the next big bombshell from todayās White House Crypto Summit will be. If itās tax incentives, weāre all about to be in a really good mood.
2. Tucker Carlson interviews Sam Bankman-Fried from prison
Sam Bankman-Fried is doing 25 years behind bars, and is now sharing a cell block with Diddy. He joins us from prison for an update on his new life.
(0:00) What Has Prison Been Like?
(2:28) Was SBF Ever on Adderall?
(4:42) SBF Meeting Diddy in Prison
(7:01) How Prison Has Changedā¦ x.com/i/web/status/1ā¦ā Tucker Carlson (@TuckerCarlson)
6:01 PM ā¢ Mar 6, 2025
āāŖ-āŖ ā The SBF saga never dies.
Tucker Carlson just dropped a 43-minute interview with Sam Bankman-Fried, who is currently serving a 25-year sentence at MDC Brooklyn (with Diddy, apparently).
I havenāt had a chance to watch the full thing, but the highlights making the rounds are already wild:
Hearing Sam insist heās not a criminal despite stealing billions is peak delusion. He also doubled down on how FTX would be worth $93B if it were still alive todayābecause, you know, thatās totally how things work.
By that logic, if I had all the Bitcoin I used to buy pizza in 2011, Iād be worth $100M right now.
Shoutout to Tucker for exposing just how much of a sociopath SBF is. And RIP to Samās crisis PR manager, who reportedly had no idea this interview even happened until it airedāand promptly resigned.
3. Texas Senate passes Strategic Bitcoin Reserve bill
JUST IN: šŗšø Bitcoin Reserve Bill SB21 passes in the Texas Senate.
ā Watcher.Guru (@WatcherGuru)
6:41 PM ā¢ Mar 6, 2025
āāŖ-āŖ ā The Lone Star State is leading the way!
The Texas Senate just passed SB21 in a 25-5 vote, bringing the state one step closer to becoming the first in the U.S. to hold Bitcoin on its balance sheet.
The bill would establish a Texas Strategic Bitcoin Reserve, administered by the Texas Comptroller, and include Bitcoin plus other cryptos with a market cap of at least $500B. That means Bitcoin (market cap: $1.78T) qualifies, but Ethereum ($265B) doesnāt even make the cut.
Lt. Gov. Dan Patrick praised the move, calling Bitcoinās "limited supply and decentralized nature a critical asset for Texasā future.ā
Shoutout to Senator Dr. Charles Schwertner for pushing the bill across the Senate line. If it passes the House, Texas could be the first U.S. state to have a Bitcoin reserveāstanding with Trumpās mission to make the U.S. the crypto capital of the world.
Will Texas lead the charge, or will another state beat them to it? Join Specs.Chat to see what the hive mind thinks!

Everything Else
āļø Crypto & DeFi
Bitcoin & Ethereum options expire today, totaling $2.85 billion
Bitcoin derivatives market surges ahead of White House crypto summit
Ethereumās Pectra upgrade delayed after testnet issues
ETH sentiment hits yearly low according to Santimentās tracker
World Liberty Financial buys more BTC & ETH ahead of crypto summit
Prediction market MYRIAD launches USDC markets
Solana validators to vote on key network inflation proposal
Solana founder prefers 'no reserve' in US crypto stockpile
Jito Foundation proposes new JTO tokenomics, including buybacks
Crypto reputation scores and trust mechanisms explored
Bybit hack reveals new details on $1.4 billion exploit
Sam Altman's World Network unveils chat feature to connect real humans
Lombard Finance launches liquid-staking Bitcoin token LBTC on Sui
SUI surges after Trump-affiliated World Liberty Financial deal
š¦ Wall Street & VC
Coinbase acquires Iron Fish team to enhance privacy on Base
Libre tokenization platform brings big institutional funds to Injective
JPMorgan says XRP, SOL, and ADA in US crypto reserve 'would be difficult'
Core Scientific stock drops after AI partner CoreWeave faces setback
a16z crypto leads $7M funding for encrypted blockchain startup Seismic
Trump-backed World Liberty Financial partners with Sui Foundation
Bitwise partners with Maple Finance for DeFi expansion
šļø Legal & Regulatory
Superstate registers transfer agent with SEC
Crypto czar David Sacks criticizes USā historical Bitcoin management
FBI puts $10M bounty on ex-Olympian accused of laundering with Tether
Sen. Tim Scott introduces bill to block reputational risk in crypto debanking
š Rest Of The World
Russian trading platform Garantex seized by Secret Service
Japan's LDP pushes for 20% crypto tax cap, seeks public input
Russian official says sanctions wonāt block crypto access
Hong Kong official vows crackdown on meme coin scammers
š¼ļø NFTs & Metaverse
NFT volumes down 63% since December
Axie Infinity MMO game coming to Ethereum network Ronin
Top Pump.fun trader nears $40M in profits as memecoin volumes shrink
Eve Frontier recruits central bank economist for Ethereum game's economy
'Crypto: The Game' returns with new twists and 'Resurrections' mode
Memecoins dead for now, but will be back says CoinGecko
