Miles Deutscher
Miles Deutscher|Mar 07, 2025 04:17
GM, if you missed the past 24 hours in crypto, here's your full recap - no fluff, just facts. 🚨---- Major Headlines ----🚨 → President Trump has officially signed an executive order to establish an BTC reserve in the US. → The bill includes all federally seized BTC and prevents the US from selling any of its reserve holdings. → David Sacks reveals that the U.S. has sold 195,000 BTC over the past decade, missing out on over 17B in gains if they had held. → David Sacks also announced a digital stockpile for assets other than BTC and stated, "The government will not acquire additional assets for the stockpile beyond those obtained through forfeiture proceedings." → BlackRock is back to bidding BTC after nearly two weeks of no new purchases. Their total BTC holdings are now worth 52B. → Mt. Gox has just moved 1B worth of BTC, as noted by @arkham. → U.S. jobless claims came in better than expected at 221K, beating the forecast of 234K. → Senator Lummis is hosting a "Bitcoin for America" event in four days to help shape America's BTC reserve strategy. → The U.S. has paused tariffs on Canada and Mexico for anything under USMCA compliance until April 2nd. → BTC Reserve Bill SB21 passes in the Texas Senate. → SUI has officially partnered with @worldlibertyfi. 📊---- Altcoin Market Updates ----📊 📈 SUI dominates social mindshare, peaking at 2.7% of total social dominance. 📈 SUI social mentions across CT hit a record high of nearly 4,000 mentions per hour. 📈 Layer 2s are the top narrative mindshare gainer at +1.01%. 📈 Within L2s, the top mindshare gainers are MOVE +7%, CORN +1.31%, and MINT +1.28%. 📈 AI is also trending as a top narrative mindshare gainer at +0.82%. 📈 Within AI, the top mindshare gainers are FOMO +3.24%, TAO +1.78%, and VVV +0.63%. 📈 Outside of L2s and AI, the top trending tokens are ENA, XRP, and TRUMP. 📈 Within the top 100 cryptos, CRO is an outperformer, up +13% on the day. 📉 Memes are the top narrative mindshare loser at -2.42%. 📉 The top mindshare losers among major memes are DOGE -1.72%, MOG -0.72%, and FARTCOIN -0.68%. → SUI DEX volume hits 300 million in 24 hours for the #6 spot among all chains. → The SUI stablecoin market cap has reached a new ATH of 642 million, which has increased by +99% in the past 3 months. → SUI has now flipped AVAX in market cap to become the 19th biggest crypto. If you enjoyed this daily roundup, make sure to follow me @milesdeutscher - I'll see you tomorrow.
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