
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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