Crypto Morning Report: Trump to Issue Executive Order to Promote Crypto Strategic Reserves, More Details to be Revealed at the First Cryptocurrency Summit on March 7

CN
12 days ago

This week, tokens such as ENA, BERA, and MOVE will experience significant unlocks.

Author: Deep Tide TechFlow

Yesterday's Market Dynamics

The White House will hold its first cryptocurrency summit on March 7

According to Jinshi, the White House will hold its first cryptocurrency summit on March 7.

**Trump: Will issue an *executive order* to advance a strategic reserve for cryptocurrencies including XRP, SOL, and ADA**

Trump stated on social media, "After years of corrupt attacks from the Biden administration, the U.S. cryptocurrency reserve will elevate the status of this key industry, which is why my digital asset executive order will instruct the presidential task force to advance a strategic reserve for cryptocurrencies including XRP, SOL, and ADA. I will ensure that America becomes the world capital of cryptocurrency. We are making America great again!"

He also mentioned, "It is clear that BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the reserve. I also like Bitcoin and Ethereum!"

Crypto King David Sacks: More details will be revealed at the cryptocurrency summit

"Crypto King" David Sacks posted on X, stating, "President Trump announced the establishment of a cryptocurrency strategic reserve composed of Bitcoin and other top cryptocurrencies. This is consistent with his previously issued Executive Order 14178. President Trump is fulfilling his promise to make America the world capital of cryptocurrency, and more details will be revealed at the summit."

Data: This week, tokens such as ENA, BERA, and MOVE will experience significant unlocks

According to Token Unlocks data, this week, ENA, BERA, MOVE, and APT will experience a one-time significant unlock of tokens, releasing a total value of over $1 billion, including:

Ethena (ENA) will unlock 2.07 billion tokens on March 5 at 15:00, valued at approximately $985 million, accounting for 66.19% of the circulating supply;

Berachain (BERA) will unlock 10 million tokens on March 8 at 21:00, valued at approximately $85.1 million, accounting for 9.27% of the circulating supply;

Aptos (APT) will unlock 11.31 million tokens on March 13 at 6:00, valued at approximately $75.66 million, accounting for 1.92% of the circulating supply;

Movement (MOVE) will unlock 50 million tokens on March 9 at 20:00, valued at approximately $26.1 million, accounting for 2.08% of the circulating supply.

**China Securities Regulatory Commission: Gradually carry out the pilot of *digital renminbi* in Hong Kong, comprehensively deepen practical cooperation between the mainland and Hong Kong**

According to Jinshi, the China Securities Regulatory Commission issued a letter in response to proposals from the second session of the 14th National Committee of the Chinese People's Political Consultative Conference. It mentioned that the CSRC and relevant departments will further optimize and expand the interconnection of financial markets between the mainland and Hong Kong, continuously optimize mechanisms such as Stock Connect, Bond Connect, and mutual recognition of funds, and conduct in-depth research on the feasibility of Hong Kong companies listing in the mainland based on existing experiences. They will also promote the optimization of the "Cross-Border Wealth Management Connect" pilot program based on market demand and orderly carry out the pilot of digital renminbi in Hong Kong, comprehensively deepening practical cooperation between the mainland and Hong Kong to consolidate and enhance Hong Kong's status as an international financial center.

Vitalik Buterin: It is absurd that "Bitcoin Jesus" Roger Ver was sentenced to life imprisonment for tax crimes

Ethereum co-founder Vitalik Buterin stated: "Being sentenced to life imprisonment for non-violent tax crimes is absurd. The case against 'Bitcoin Jesus' Roger Ver seems to have strong political motives; like Ross Ulbricht, the founder of the Silk Road, many people and companies have been charged with more serious crimes but face much lighter sentences than what Roger is facing. If the IRS indeed threatened Roger's lawyer to obtain confidential information, that is malicious behavior; the right to attorney-client privilege must be inviolably protected. Genuine goodwill errors should be corrected by giving the parties the opportunity to pay taxes (including interest and penalties), not through prosecution."

Ethereum Foundation appoints Hsiao-Wei Wang and Tomasz Stanczak as co-executive directors

According to CoinDesk, the Ethereum Foundation announced a new leadership structure, appointing Hsiao-Wei Wang and Tomasz Stanczak as co-executive directors starting March 17. Hsiao-Wei has served as a core researcher at the Ethereum Foundation for seven years and is a key contributor to the Ethereum Beacon Chain. Tomasz Stańczak led the team that built the execution client Nethermind. Tomasz will continue to be involved with Nethermind but is gradually transitioning out of his CEO position.

The Ethereum Foundation stated, "In the coming years, the Ethereum ecosystem needs to address the challenging transition from early projects serving a few enthusiasts to becoming a robust, permissionless, censorship-resistant foundational layer in the global financial and software stack. Under the leadership of Hsiao-Wei and Tomasz, Ethereum will ensure that the Ethereum ecosystem can grow while ensuring that this growth advances the core values that initially motivated Ethereum's existence, such as open source, permissionless global collaboration, privacy, and security."

EF researcher Danny Ryan announces return to the Ethereum ecosystem, joining Etherealize as a co-founder

According to Ethereum Foundation researcher Danny Ryan's post on X, he has joined Etherealize as a co-founder to help develop Ethereum, and Vitalik Buterin welcomed him.

Last September, Ethereum Foundation researcher Danny Ryan announced his departure, ending his seven-year contribution to the Ethereum ecosystem. Ryan stated on GitHub that his departure was for personal reasons, wanting to make room for new opportunities, and emphasized that this decision did not reflect any issues with Ethereum or the crypto industry.

It is reported that Ryan played a key role in Ethereum's major upgrades, serving as the chief coordinator for the Ethereum The Merge upgrade and overseeing the launch of the Beacon Chain in 2021. Ryan was also actively involved in the progress updates of Ethereum Improvement Proposals.

YZi Labs launches project application for "CZ Token Issuance Crazy Idea"

Ella Zhang, head of YZi Labs (formerly Binance Labs), retweeted Zhao Changpeng's tweet about the "crazy idea for token issuance" on X, announcing that if there are long-term builders creating projects based on Zhao Changpeng's idea, they can apply to YZi Labs for priority review.

Previously, Zhao Changpeng stated, "I have a crazy idea about token economics, but no plans to issue new tokens," with an initial 10% of tokens unlocked and sold on the market, with the proceeds used for project team development, marketing, salaries, etc. Subsequent unlocks must meet all the following conditions:

  1. At least 6 months must pass since the last unlock.

  2. The token price must remain above twice the last unlock price within the 30 days prior to the unlock.

  3. A maximum of 5% of tokens can be unlocked each time.

Musk: Meme coins are a game of foolishness, suitable only for "having some fun" rather than investing

In an interview on the Joe Rogan podcast, Musk commented on the phenomenon of meme coins, stating, "People are just playing a game of foolishness and musical chairs, and the last person sitting down will lose everything. It is too foolish to think you can 'win' with meme coins. Don't put your life savings into a meme coin; if you want to have some fun, you can play with meme coins."

**Trademark lawyer: Trump Organization applies for trademark for "TRUMP" to launch a *metaverse* and NFT trading platform**

According to trademark lawyer Josh Gerben, the Trump Organization has applied for a trademark for "TRUMP" to launch a metaverse and NFT trading platform.

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