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Ripple’s latest $750 million share buyback has split the XRP community in two. While some members see the internal buy-and-sell cycle as a sign of strength for both the crypto payments company and XRP, others argue that the move exposes a cycle that has always put retail XRP holders at the bottom of the food chain.

Ripple’s Buyback Leaves Retail Questioning XRP Loyalty

Crypto analyst @WhaleFUD has ignited a new debate within the crypto community by revealing details on Ripple’s internal buy and sell cycle and how it impacts XRP. In an X post on Wednesday, he noted that Ripple sells XRP and uses the proceeds to fund share buybacks for its own private equity. 

According to him, venture capital (VC) firms and institutional investors are buying shares in Ripple, the crypto company, rather than XRP, the native token of the XRP Ledger (XRPL). This means that any increase in Ripple’s corporate value does not directly benefit XRP holders. As @WhaleFUD put it, “Retail is the liquidity,” while “Wall Street is the winner.”

Unsurprisingly, the post triggered a sharp reaction from various members of the XRP community, with many criticizing Ripple for favoring equity holders over XRP holders. Community members argued that this structure gives Ripple zero incentive to support XRP’s long-term success. 

Some alleged that Ripple’s leadership profits from XRP transactions by using escrow sales to fund buybacks and increase share prices ahead of the company’s initial public offering (IPO). They pointed to the launch of the RLUSD stablecoin as a product that competes with the XRPL’s use cases, further implying that retail investors are being sidelined.

Additionally, they compared Ripple’s internal buy-and-sell cycle to historical crypto trends, citing the 2017 initial coin offerings (ICOs) and 2021 layer-1 (L1) launches, in which retail holders provided liquidity while early investors repeated the financial rewards. Another member added that Ripple now has no reason to ensure XRP holders profit, suggesting that the company has handed itself to VC backers and now prioritizes institutional gains. 

Others Say Buyback Signals XRP Confidence

While criticism from many in the crypto community rose, blockchain researcher BankXRP responded to the buyback news with a more positive take. He argued that Ripple’s latest buyback move signals strength in the company and XRP. 

According to reports, Ripple has launched a $750 million share buyback from investors and employees, placing the company at a $50 billion valuation. This represents a 25% increase from the crypto company’s $40 billion market value following its $500 million funding round in November 2025. 

BankXRP sees the tender offer as evidence of Ripple’s liquidity and long-term confidence in the XRP ecosystem. Notably, the buyback is moving forward despite ongoing uncertainty in the crypto market and downward pressure on the XRP price. The initiative is further supported by Ripple’s recent strategic acquisitions, including its $1 billion GTreasury purchase and the $1.25 billion acquisition of Hidden Road, among others. 

Featured image from Pexels, chart from TradingView

Spot Bitcoin ETFs pulled in $53 million in a single day this week, pushing monthly inflows past $1.16 billion — a sharp reversal after four straight months of outflows that drained more than $6 billion from those same funds.

ETF Inflows Signal A Shift In Investor Behavior

The turnaround is being read by analysts as a sign that investors are stepping back in after a prolonged selloff. Bitcoin was trading around $70,850 as of Saturday, up from lows earlier in the year, and technical indicators are pointing in a bullish direction.

The Relative Strength Index has climbed from an extreme low of 15 in January to 56, and the Supertrend indicator has flipped from bearish to bullish on the daily chart.

Prediction markets are reflecting that improved sentiment. On Kalshi, the probability of Bitcoin reaching $100,000 before January 2027 has risen to 40% — its highest reading since February. Polymarket puts the odds even higher, at 50%. To hit that target, Bitcoin would need to gain roughly 35% from current levels.

Geopolitical Tensions Adding A New Dimension To Bitcoin’s Rally

Part of the story playing out in crypto markets has a geopolitical backdrop. However, the ongoing conflict between Iran, the US, and Israel has driven oil prices above $100 a barrel, which is fueling inflation concerns. In this context, the question is whether the Federal Reserve will reduce interest rates this year.

Apparently, gold and stock market ETFs have seen outflows, but Bitcoin is experiencing net inflows. In this context, the situation is being used as evidence that Bitcoin is acting as a safe haven.

The picture shifted slightly Friday after a cooler-than-expected PCE inflation reading and a modest pullback in oil prices, following reports that the US waived sanctions allowing certain companies to purchase Russian oil. Bitcoin rose on that news.

Technical Picture Points To Key Levels Ahead

On the chart, Bitcoin is attempting to reclaim its 50-day Exponential Moving Average as support rather than resistance. The Percentage Price Oscillator is approaching a bullish crossover of the zero line, which traders watch closely as a momentum signal.

Analysts say the next test for Bitcoin bulls will be whether the coin can hold above $70,000 heading into next week. If buying pressure continues to build, the psychological barriers at $80,000 and $90,000 become the next milestones on the road to a possible six-figure price.

Whether that happens by year’s end remains an open question — one that prediction markets, at least, are no longer dismissing.

Featured image from Unsplash, chart from TradingView

American billionaire and investor Stanley Druckenmiller has postulated that stablecoins will play a central role in the US payments system in the next decade. However, the philanthropist and former hedge fund manager remains skeptical about regular cryptocurrency.

Stablecoins Drive Productivity, Druckenmiller Says

In a recently released interview with Wall Street Titan Morgan Stanley, Stanley Druckenmiller shared his expert thoughts on several financial and economic subjects. 

When asked about the crypto industry, the veteran investor described blockchain and stablecoins as two inventions that are “incredibly useful in terms of productivity”. Druckenmiller boldly claimed that the US payment system would likely run on stablecoins within the next 10-15 years.  

Druckenmiller is the former chairman and president of Duquesne Capital, a hedge fund he founded in 1981 and closed in 2010 with an asset under management (AUM) of $12 billion.  

The experienced financial professional expects the potential full-scale adoption of stablecoins, stating they are “efficient, quicker, and cheaper.” Notably, these comments come months after US President Donald Trump signed the GENIUS Act into law, thereby establishing a recognized regulatory framework for the issuance and operation of stablecoins. 

This regulation has resulted in multiple developments, including Tether, issuer of the USDT stablecoin, to launch a US-focused product, USAT, designed to cater to the needs and peculiarities of the American financial system. 

Meanwhile, financial institutions, including JP Morgan, Citigroup, and the Bank of North Dakota, are actively developing a stablecoin product to tap into expected adoption growth. For context, stablecoins are cryptocurrencies whose value is pegged to an underlying asset, most commonly the US dollar.

Crypto Not Needed? 

In his general comments on the cryptocurrency industry, Drunckenmiller describes these digital assets as an unnecessary invention. The veteran investor said: 

It’s a solution looking for a problem, I am very sad it ever happened as a store or value because it wasn’t needed. But it’s a brand that people love, so it’s going to be a store of value. 

Notably, when speaking about the US dollar’s role as the reserve currency of the world, the former hedge fund manager also stated the high potential of a replacement emerging in the next 50 years. While Druckenmiller has no specific picks on the new reserve currency, he has hinted at the potential of it being a cryptocurrency.

At press time, the total crypto market is valued at $2.42 trillion, 13% of which is attributable to stablecoins.

A New York resident lost close to $1 million in cryptocurrency. That single case became one of the clearest examples of the damage done by SocksEscort — a for-hire proxy service that gave criminals across the globe a way to hide while they stole.

A Network Built On Hijacked Devices

US and European authorities announced Thursday they had shut down SocksEscort after years of operation. The service worked by infecting routers and other internet-connected devices with malware, turning them into cover points that masked the real locations of cybercriminals.

According to the Department of Justice, the network had quietly burrowed into at least 369,000 devices spread across 163 countries. Criminals could then route their attacks through those compromised machines, making them far harder to trace.

The malware at the heart of the operation — known as AVrecon — had been publicly identified by cybersecurity firm Black Lotus Labs as far back as July 2023. The network kept running anyway.

The takedown was not a single agency effort. Law enforcement from Austria, France, Germany, Hungary, the Netherlands, Romania, and the US worked the case together.

On the American side, the FBI’s Sacramento Field Office, the IRS Criminal Investigation Oakland Field Office, and the Department of Defense’s Defense Criminal Investigative Service all had a hand in it.

Europol and Eurojust provided cross-border coordination support. Black Lotus Labs and the nonprofit Shadowserver Foundation supplied technical intelligence that helped investigators connect the dots.

Criminals Paid In Crypto To Stay Anonymous

SocksEscort did not just attract individual bad actors. It ran like a business. Customers paid to access the service, and they did so anonymously — using cryptocurrency to avoid leaving a financial trail.

Based on reports from Europol, the platform pulled in at least 5 million euros, roughly $5.7 million, from its paying users over the course of its run.

Authorities were ultimately able to seize 34 domains, take down about two dozen servers operating across seven countries, and freeze approximately $3.5 million in crypto tied to the operation.

Europol Executive Director Catherine De Bolle said proxy services of this kind give criminals the cover to carry out attacks, move illegal content, and dodge detection. She credited the international cooperation for exposing the infrastructure behind it.

Fraud Stretched From Bank Accounts To Crypto Wallets

The crimes enabled by SocksEscort went beyond any single method. Officials linked the network to bank fraud and cryptocurrency account takeovers dating back to 2020.

The New York victim’s case stood out for its scale, but reports indicate the damage was spread across multiple countries and target types.

Featured image from Pexels, chart from TradingView

Ethereum and Solana are currently leading developer activity in the crypto space, while developer activity in the broader ecosystem declines. This comes as prices continue to struggle with the ongoing war between the U.S. and Iran, which is sparking rising oil prices. 

Ethereum And Solana Lead Developer Activity Amid Broad Decline

Artemis data show that the Ethereum and Solana ecosystems are leading in developer activity amid declines in weekly commits and weekly active developers in crypto. In the Ethereum ecosystem, the Ethereum Virtual Machine (EVM) is seeing the most activity, with 31,620 weekly commits. 

It is worth noting that several sectors in the Ethereum ecosystem currently rank among the top seven in developer activity. Meanwhile, the Solana ecosystem comes next, with the Solana Virtual Machine (SVM) Layer 1 and Layer 2 seeing the most activity, at 7,056 weekly commits. However, there has been a significant decline in the crypto ecosystem as a whole. 

Further data from Artemis shows that weekly commits have dropped from a yearly high of around 870,900 in March last year to as low as 217,500 in February. Notably, weekly commits crashed around the time of the crypto market’s infamous ‘October 10’ crash, which led to the largest liquidation event in crypto history. 

Similarly, the weekly active developers have also declined from a yearly high of 10,600 in May last year to as low as 4,000. This metric has been declining since the October 10 crypto market crash, suggesting that current price action is affecting developer sentiment. Ethereum and Solana have also seen declines in their weekly commits and developer activity despite leading in these metrics. 

The Ethereum network has seen a 54% decline in weekly commits over the last three months and a 34% decline in developer activity over this same period. Meanwhile, the Solana network has seen 43% decline in weekly commits over the last three months and a 40% decline in developer activity over the same period. 

Why Prices Continue To Struggle 

Ethereum and Solana prices continue to struggle, as experts note that the crypto market is in a bear market. CryptoQuant’s Head of Research, Julio Moreno, recently reiterated this, stating that the bear market is still on despite the relief rally that Bitcoin saw this week, which pushed ETH and SOL higher. 

Market analyst Doctor Profit recently stated that Bitcoin is likely to bottom between September and October, suggesting that Ethereum and Solana could still see larger declines. Meanwhile, Moreno told The Block that ETH could decline to $1,500 by the third quarter of this year or the early part of the fourth quarter if the bear market persists. The analyst also noted that Ethereum is facing an “adoption paradox,” with network activity rising while the ETH price falls.

Momentum around XRP may be entering a new phase as emerging on-chain data shows a growing activity within its broader ecosystem. Recent metrics from Flare, a network designed to bring smart contract functionality and DeFi capabilities to assets like XRP, suggest that decentralized finance participation tied to the network could be gaining traction. 

What The Latest Flare Metrics Reveal About XRP Activity

A notable shift may be unfolding around XRP that many market participants have not yet fully recognized. An analyst known as XFinanceBull on X has revealed that recent data from the Flare network shows a supply of more than 132 million FXRP, with nearly 80% already locked into DeFi protocols on Flare Network.

The ecosystem has also secured over $149 million in value and processed more than 2.8 million transactions, while user growth continues to accelerate. These figures are derived from verifiable on-chain activity that any participant can verify, rather than being promotional estimates.

For years, one of the most common critiques of the altcoin was its lack of decentralized finance, and the bottleneck limited what holders could actually do with their assets beyond the transfers and storage. XFinanceBull argues that Flare is beginning to address that gap by enabling the token to interact with decentralized financial applications through the Flare system.

Through the Flare framework, holders can now deploy their assets across DeFi activities such as lending, liquidity provisioning, token swaps, and yield generation. The charts show activity is rising, user counts are increasing, and more capital is being locked into the ecosystem. From XFinanceBull’s perspective, these trends suggest that XRP holders are gradually shifting from holding the asset to actively utilizing it within decentralized finance, and this is just the start.

How A Stronger Ripple Could Expand The Network

Many market participants focus primarily on XRP price movements, while overlooking the companies building the infrastructure behind it. Analyst XFinanceBull has also highlighted that Ripple’s announcement of a share buyback, which implies a valuation of roughly $50 million, reveals something important about where the industry is heading.

XFinanceBull believes that the institutional investors do not place that level of confidence in infrastructure companies without seeing long-term demand. Ripple’s long-term strategy has centered on developing enterprise blockchain rails that connect banks, payment networks, and financial institutions across global markets. At the core of that settlement framework is the XRP Ledger.

A stronger company could mean larger development terms, deeper partnerships, and broader integration into global payment systems. Over time, these developments would help grow the network surrounding the asset powering those payment rails.

The analyst noted that by following crypto infrastructure for years, it becomes clear that as the companies building the system get stronger, the ecosystems around them often grow even faster. That is the aspect that many participants overlook about the altcoin.

Using Bitcoin to buy groceries or pay a bill sounds simple. Under current US tax law, it is anything but. Every transaction — no matter how small — triggers a taxable event that must be reported to the IRS, forcing users to calculate capital gains on purchases as minor as a cup of coffee.

That legal reality has kept Bitcoin largely in the hands of investors rather than in everyday wallets, and a Washington advocacy group says Congress has only a few months left to fix it.

A Shrinking Window For Action

The Bitcoin Policy Institute (BPI) has been working the halls of Capitol Hill, meeting with 19 offices across the House and Senate over the past three months.

The group is pushing for a de minimis tax exemption — a rule that would allow small Bitcoin transactions under a set dollar amount to bypass capital gains reporting entirely.

Based on BPI’s own timeline, the window to pass such a measure runs from now through August 2026. After that, midterm election pressures are expected to crowd out any serious movement on complex tax legislation.

Senator Cynthia Lummis of Wyoming has been the loudest voice in Congress on this issue. She introduced a standalone bill in July 2025 that would exempt crypto transactions of $300 or less, with a $5,000 annual cap.

The bill stalled. And with Lummis set to leave the Senate in January 2027, the BPI warns that her departure could remove the issue’s most committed champion from the legislative arena for years.

Two Bills, One Goal — But No Clear Path

The legislative picture is complicated by competing proposals. While the Lummis bill targeted Bitcoin and broader crypto transactions, a separate House bill introduced by Representatives Max Miller and Steven Horsford focused exclusively on dollar-pegged stablecoins.

The existence of two bills with different scopes has muddied the path forward, even as BPI reports that bipartisan support for some form of exemption remains intact.

Pierre Rochard, a board member at Bitcoin treasury firm Strive, put the stakes plainly:

“The number one impediment to Bitcoin payments adoption is tax policy, not scaling technology.” The Burden Of Buying With Bitcoin

That line cuts to the heart of what advocates are fighting. The current tax treatment effectively punishes anyone who tries to spend Bitcoin rather than hold it.

Every purchase requires tracking the asset’s value at the time of acquisition and again at the point of sale — a level of record-keeping that makes routine transactions impractical for most people.

A de minimis exemption already exists in US law for foreign currency transactions, giving supporters a legal precedent to point to. Whether Congress acts on it before the political calendar closes the door remains an open question — one that, according to the BPI, may not come around again for a long time.

Featured image from Unsplash, chart from TradingView

Over the last week, the Bitcoin bulls have been putting up a fight to combat the consistent decline, and this has led to the price ranging around the $70,000 level. With this newfound recovery trend, things look to have taken a turn for the better as buyers are moving back into the arena. The result of this could be a clear upward target that could send the price back above 6-figures and kickstart the bull run again as a result.

3 Green Candles Says Bitcoin Bulls Are In Charge

Since the decline began back in February, Bitcoin has been hard-pressed to complete consistent green days. In fact, since January 2026, the cryptocurrency has been unable to complete three full days in the green. That is, until now, as the recent recovery trend shows that bullish sentiment has returned once again.

Crypto analyst Master Ananda highlights this development as important in showing that the bulls have now taken over control of the Bitcoin price. The three green daily candles, the analyst believes, are confirmation that a new rally has arrived.

Not only are the three consecutive daily candles confirming another rally, but the crypto analyst also says that Bitcoin will put in a higher high this week, meaning that the local uptrend will be confirmed in its entirety. This suggests that the price will stay above $70,000 through to the end of the week.

The recovery has now set the Bitcoin price inside a rising wave pattern. If this wave is confirmed, it would mean that the months of accumulation and sideways price movements have now come to an end for Bitcoin. Not only this, but it sets the tone for a major recovery rally.

The first of the targets set for Bitcoin from here lies at the $80,000 level. There is expected to be some resistance here, but this will likely not stop the rally. Once this area is surmounted, then Master Ananda expects the Bitcoin price to rise until it stops at around $100,000.

As for the rest of the market, they have so far followed Bitcoin’s lead, and the most likely outcome is that altcoins will rise as BTC does. The crypto analyst points to this, saying that altcoins are already reacting positively, and thus, this is expected to continue.

A recent report from Bitcointreasuries.net has highlighted a significant shift in the behavior of Bitcoin (BTC) treasuries, revealing that the number of sales has outpaced purchases for the first time in February.

Bitcoin Treasuries Experience Net Decrease

According to the report, public companies engaged in treasury strategies purchased or disclosed nearly 7,800 BTC worth approximately $522 million at the end of February 2026. 

Notably, about two-thirds of these acquisitions were attributed to a single entity, Michael Saylor’s Strategy (previously MicroStrategy), while just six other companies accounted for the rest. 

However, selling activity overshadowed these additions, with various public treasuries collectively selling or reducing their holdings by approximately 8,600 BTC. This resulted in a net decrease of around 800 BTC for the month. 

Even if there had been no sales in February, the net additions would still have paled in comparison to previous months, such as January and December, which saw gains of 41,000 BTC and 29,000 BTC, respectively.

Additionally, the report analyzed the dollar value of public companies’ holdings, which fell from $102 billion in January to $78 billion in February, reflecting Bitcoin’s downtrend experienced during the month. 

Despite this downturn, there is a glimmer of hope, as the report indicates that public treasuries added an estimated 62,000 BTC so far in the current quarter, primarily driven by Strategy’s activities.

Strategy Poised For Continued Dominance

Strategy emerged as the dominant player in Bitcoin acquisitions during February, purchasing 5,075 BTC, which represented two-thirds of the month’s total purchases. By the end of February, Strategy held 717,722 BTC, valued at approximately $48 billion. 

The company accounted for 65% of all Bitcoin treasury buying in February, reinforcing its dominance in this sector. However, it is worth noting that this was one of Strategy’s smaller buying months, as it had made larger purchases in December (22,627 BTC), January (40,150 BTC), and the first half of March (21,009 BTC).

Several other companies also contributed to Bitcoin acquisitions during the month. Coinbase reported in its fourth-quarter 2025 results that it holds 15,389 BTC, having increased its holdings by 841 BTC since the previous quarter. 

MARA Holdings also saw its balance rise, reporting 53,822 BTC at month-end—a gain of 572 BTC from the last quarter. The company, however, has faced speculation about potential sell-offs, despite clarifying its position regarding sales in its 10-K filing. 

Looking ahead, the report suggests that Strategy is likely to maintain its dominance in Bitcoin buying, especially given its strong start in March and its commitment to ongoing BTC purchases. 

Nonetheless, significant sales by various companies in recent months, along with new approvals for these sales from firms like MARA Holdings and GD Culture Group, may lead to further reductions in holdings and potentially result in net negative changes in the months to come.

At the time of writing, BTC was trading at $71,090, which is an increase of 1.4% over the last 24 hours, despite failing to surpass the resistance level of $74,000 earlier on Friday. 

Featured image from OpenArt, chart from TradingView.com 

A Crypto platform confirmed that their main domain website had been hacked, which exposed its users to a wallet draining exploit.

A No-Fun Crypto Hijack

It is a truth universally acknowledge that, no matter the size of a global geopolitical crisis, hackers will continue to ravage through the crypto market. This time, the victim was memecoin issuance platform Bonk.fun. In a March 12 post on the social network X, Tom (@SolportTom), one of its operators, warned the users not to interact with the domain “until further notice”, as hackers had injected a crypto wallet drainer on it:

Do not use the https://t.co/4xXs3cMJx0 domain until further notice, hackers have hijacked a team account forcing a drainer on the DOMAIN.

URGENT.

— Tom (@SolportTom) March 12, 2026

The official X account of the Solana token launchpad, backed by Raydium and the BONK community, also announced the hack and echoed Tom’s striking warning:

A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything.

— BONK.fun (@bonkfun) March 12, 2026

Who Is Affected And How

Tom explained that the phishing scam set up a fake “Terms of Services” (TOS) signature prompt which, when signed, allowed the drainer to move the unaware user’s funds. According to Tom, the only users compromised were the ones who interacted with the fake TOS. He clarified that neither previously connected users nor traders of bonk fun tokens on third-party terminals were affected. He also assured that the security breach was spotted early so “the losses are minimal to date”:

To answer the concerns I’m seeing:

1. No if you connected to bonk fun in the past you’re not affected

2. No if you trade bonk fun tokens on terminals etc you’re not affected

3. The only people affected were people who signed a fake TOS message on the bonkfun domain after…

— Tom (@SolportTom) March 12, 2026

This is not a Raydium or BONK smart contract exploit, but the case of a Web2 infrastructure failure that bled directly into Web3. This type of domain hijacking and phishing drainer scripts work by the attackers taking over the frontend and presenting normal-looking prompts that abuse wallet approvals.

A Pattern Of Exploited Vulnerabilities

In recent years, approval-phishing and “fake UI” attacks have stolen billions of dollars: one Chainalysis investigation reported the amount of $14 billion in on-chain scam inflows in 2025, with projections pointing above the $17 billion as more wallets continued to be identified.

As scam revenues grow and AI‑driven impersonation scales, crypto security in 2026 is less about the perfect code and more about defending everything around it: from domains to social accounts, employees and users  decision-making. In February last year, attackers hijacked Pump.fun’s X account to push a fake PUMP token, as covered by our sister website NewsBTC. Not too long ago, OG trader Sillytuna was drove out of the crypto market after a multimillion-dollar theft that combined online address poisoning and offline violent actions.

The times are testing traders online and offline, both inside and outside the bloc. As the crypto landscape grows more complex, traders would do well to heighten their caution: prefer direct contract interaction or trusted aggregators, and use tools to monitor and regularly revoke token approvals.

Cover image from Perplexity, SOLUSDT chart from Tradingview

The Trump family’s decentralized finance (DeFi) venture, World Liberty Financial (WLFI), unveiled on Friday a new investment opportunity for participants and supporters of the platform. 

As earlier reported by Reuters, investors who commit to locking $5 million worth of their tokens for six months will gain “guaranteed direct access” to certain members of the WLFI team in exchange for voting rights.

World Liberty Financial Introduces ‘Super Nodes’

This new initiative includes family members of President Trump among the “Supporting Team” listed in World Liberty’s documentation. Eric Trump, Donald Trump Jr., and Barron Trump are all mentioned, though the company has clarified that they will not be part of the direct access arrangement.

Voting on this proposal closed on Thursday, with the company claiming that 99% of the 1,786 votes cast were in favor of the new arrangement. 

The introduction of a tiered structure for token holders, referred to as “Super Nodes,” represents a shift from the company’s earlier commitment to democratizing access to financial resources. 

David Wachsman, the company’s spokesman, clarified that while Super Nodes will have access to the WLFI team, it does not guarantee a partnership. Instead, it suggests that significant participation in governance will be encouraged. 

According to World Liberty’s website, this initiative aims to incentivize token holders to engage more actively in the governance of the crypto firm, which generated over $460 million for the Trump family in the first half of 2025.

Exclusive Dinner For TRUMP Memecoin Holders

To become a Super Node, investors must stake 50 million WLFI tokens. By staking their tokens for six months, holders will not only gain voting rights on governance matters but also earn a yield of 2% in WLFI tokens for participating in at least two votes.

Previously, all WLFI token holders enjoyed the ability to vote on alterations to the company’s underlying code, with each token representing one vote. They could also express their opinions on the venture’s strategic directions, as outlined in World Liberty’s Gold Paper. 

However, with the passage of this new proposal, voting rights will now be restricted to those who have staked their tokens for the designated period, further limiting access to crucial governance processes.

In a related development, Bitcoinist reported that President Trump is preparing to host the second exclusive dinner for holders of his official memecoin, TRUMP, scheduled for April 25 at Mar-a-Lago. 

At the time of writing, World Liberty Financial’s native token, WLFI, is trading at $0.1079. This represents gains of almost 6% over the last 24 hours, as the wider cryptocurrency market has experienced a significant recovery ahead of the end of the week. 

Featured image from OpenArt, chart from TradingView.com

Crypto moved to the center of Washington’s latest North Korea sanctions action on March 12, after the US Treasury’s Office of Foreign Assets Control designated six individuals and two entities tied to DPRK-run IT worker schemes. For the digital asset industry, the significance was not only the sanctions themselves, but how explicitly the case framed cryptocurrency as infrastructure for moving illicit revenue across borders.

OFAC Targets North Korean Crypto Network

According to Treasury, the targeted schemes systematically defrauded US businesses and generated nearly $800 million in 2024 for North Korea’s weapons programs. Secretary Scott Bessent described a model in which overseas operatives used fake identities and corporate deception to infiltrate legitimate companies, then turned sensitive access into a second layer of leverage. “Targets American companies through deceptive schemes.” “Treasury will continue to follow the money.”

That framing matters because the case was not presented as a conventional cybercrime story alone. Treasury and Chainalysis both pointed to a blended playbook: fraudulent hiring, wage extraction, financial facilitators, and crypto rails used to convert and move proceeds. Chainalysis called the operations “a sophisticated and growing threat.” It added, in equally direct terms, that “cryptocurrency plays a central role” in moving those funds back to North Korea while evading sanctions.

The clearest crypto-specific detail in the action concerned Nguyen Quang Viet, CEO of Vietnam-based Quangvietdnbg International Services Company Limited. Treasury said Nguyen converted about $2.5 million into cryptocurrency for North Koreans between mid-2023 and mid-2025, including illicit earnings tied to Amnokgang Technology Development Company, a DPRK IT company that manages overseas worker delegations. Treasury also said OFAC’s designations in this case reached facilitators in the DPRK, Vietnam, Laos and Spain, underscoring how geographically dispersed these support networks have become.

Chainalysis said the March 12 action included 21 designated addresses across multiple blockchains. Those addresses spanned Ethereum, Tron and Bitcoin, with seven linked to Amnokgang, two Ethereum addresses tied to Yun Song Guk, one Bitcoin address tied to Hoang Minh Quang, and 11 newly added addresses for previously designated Sim Hyon Sop, a representative of Korea Kwangson Banking Corp.

Treasury’s narrative also showed how the IT-worker pipeline extends beyond software contracting into broader financial enablement. It said Yun had led a group of North Korean freelance IT workers operating out of Boten, Laos since at least 2023 and coordinated several dozen transactions totaling more than $70,000 with Hoang Minh Quang tied to IT services. In a separate strand, Treasury said Do Phi Khanh and Hoang Van Nguyen supported Kim Se Un, including through bank-account access and crypto transactions, while Hoang had also helped procure foreign currency for the regime.

The action lands against a broader backdrop in which North Korea’s crypto footprint has been getting bigger, not smaller. Chainalysis said in its 2026 crypto crime report that North Korea stole more than $2 billion in 2025, its most successful year on record, while value received by sanctioned entities overall surged 694% last year. In that context, the OFAC designations look less like an isolated enforcement step and more like another attempt to squeeze every layer of the DPRK crypto stack, from stolen funds and laundering routes to the labor schemes that generate fresh inflows.

At press time, the total crypto market cap stood at $2.44 trillion.

Hong Kong is expected to grant the first batch of stablecoin issuer licenses within two weeks, reportedly choosing HSBC and Standard Chartered as the first companies to obtain the long-awaited approval.

HSBC, Standard Chartered Lead Hong Kong’s Stablecoin Race

On Friday, Bloomberg reported that HSBC, Hong Kong’s largest bank by assets, and a joint venture led by Standard Chartered are set to be among the first companies to receive the Hong Kong Monetary Authority’s (HKMA) stablecoin licenses this month.

Authorities are reportedly prioritizing institutions already authorized to issue banknotes and will approve the two banks in the first batch, according to people familiar with the matter. Notably, the HKMA favors bank-led stablecoin issuers due to their robust capital base and ability to ensure greater safety while facilitating wider adoption, the sources affirmed.

Last month, the financial authority’s Chief Executive, Eddie Yue, announced it would grant the first, limited batch of stablecoin provider licenses in March as the review of 36 applications was nearly completed.

The HKMA enacted the Stablecoins Ordinance last August, which directs any individual or entity seeking to issue any fiat-referenced stablecoin (FRS) in Hong Kong, or any Hong Kong Dollar (HKD)-denominated token, to obtain a license from the financial regulator.

The number of licenses and the timetable had not yet been finalized and were subject to change. However, sources suggested March 24 as a possible date, as revealed by the South China Morning Post (SCMP), which first broke the news.

Industry sources suggested that Hong Kong’s licensing regime will initially prioritize the local currency. Standard Chartered has already announced plans to issue a Hong Kong dollar-pegged token.

The London-based bank, alongside Animoca Brands and Hong Kong Telecommunications (HKT), formed a joint venture last year to apply for a license to issue a HKD-denominated stablecoin.

Since 2024, the trio has been part of the financial authority’s stablecoin issuer sandbox program, which enabled limited-scale tests of these tokens across various scenarios, including e-commerce payments, cross-border trade settlements, and tokenized asset trading.

RD Technologies, a Hong Kong-based fintech firm founded by former HKMA CEO Norman Chan Tak-lam, and JD Coinlink, the fintech arm of Chinese e-commerce giant JD.com, also started testing HKD-pegged tokens under the regulator’s sandbox program last year.

Meanwhile, HSBC’s potential approval has reportedly surprised the industry, given the bank’s absence from the HKMA-led sandbox. HSBC has focused on tokenization projects, including tokenized deposits.

However, the bank had reportedly been actively engaged with local and global players in the digital-asset space and is committed to playing a central role in Hong Kong’s evolving financial ecosystem.

A ‘Testing Ground’ For Mainland Financial Innovation

Hong Kong’s expected approvals come amid China’s recent decision to explicitly prohibit onshore tokenization of real-world assets (RWAs), intensify scrutiny of related offshore activities, and prohibit the issuance of yuan-pegged offshore stablecoins without authorization.

Last month, Chinese authorities reaffirmed their long‑standing ban on virtual assets, saying that domestic companies and overseas entities under their control are prohibited from issuing virtual currencies abroad without official approval.

As reported by Bitcoinist, legal experts have suggested that Hong Kong’s ambitions to establish itself as a leading regulated hub for stablecoins were at risk of being hindered by the People’s Bank of China’s explicit crackdown on the sector.

Nonetheless, experts also believe Hong Kong could serve as a testing ground for financial innovations, given competition with the US and favorable conditions for the internationalization of the yuan, the SCMP noted.

“Hong Kong is a testing field for Chinese assets and money to go abroad on the blockchain,” Raymond Chan, chairman of the Greater Bay Area FinTech League, told the news outlet. “We are the firewall defending against challenges that may disrupt the market in China, thanks to our full set of regulations.”

Most traders are watching Dogecoin on the daily or weekly chart, reacting to intraday price action. However, the monthly candlestick chart tells a different story, one that has been developing since the 2021 cycle and is now approaching an inflection point. 

Technical analysis shows a massive bullish pennant is forming on the DOGE/USD monthly timeframe. Dogecoin is now at a lower high support in the pennant, and the technical implications are significant.

Giant Pennant Has Been Forming Since The 2021 Rally

The monthly chart shows Dogecoin’s price compressing between two converging trendlines, forming what appears to be a large bullish pennant. The structure begins with the flagpole: the near-vertical surge that launched Dogecoin from below $0.01 to its all-time high of $0.73 in May 2021. 

Since that peak, DOGE’s price action has been forming a symmetrical triangle on the monthly chart, a series of lower highs and higher lows converging steadily toward an apex. The upper boundary slopes downward from the peak reached during the 2021 surge, creating a descending resistance line that has rejected several major rallies since then.

The lower boundary, on the other hand, rises gradually from the base that formed once the previous rally cooled to create a higher low. The lower trendline has provided consistent support, and critically, it held last month when the price tested the $0.08 zone.

As shown in the Dogecoin monthly candlestick chart below, these two lines have created a triangular formation that has continued to narrow since 2021. Multiple turning points on the chart show price reacting precisely at these boundaries, and the structure has been respected repeatedly over time.

Here’s What To Expect From The Bullish Pennant

One of the most important details in the chart is the most recent interaction with the lower trendline. Dogecoin dipped to the rising support boundary in February and bounced. That rebound occurred around the same area where Dogecoin has been trading recently, just below the $0.09 level. 

At the time of writing, Dogecoin is trading at $0.094, still close to the support. Holding this support and closing above it in March is important for the structure because a bullish pennant depends on price remaining inside the converging boundaries. If DOGE were to close the month below the lower trendline, then the bullish outlook would weaken.

On the other hand, the bullish outlook depends on Dogecoin breaking above the upper end of the bullish pennant. The measured move target of a bullish pennant is calculated from the height of the flagpole, projected from the breakout point. Given the scale of Dogecoin’s 2021 flagpole, even conservative projections point well above $1, with upper-range targets in the $3 to $4 territory.

However, there is still much work to do for DOGE to return to the upper trendline before a breakout. Particularly, Dogecoin needs to push above $0.32 and close consecutive months above this level.

A former Ripple senior engineer, Steven Zeiler, has reignited a long-forgotten discussion in the XRP community by explaining why the once-promising Codius project quietly faded from view years ago. Zeiler argued that the project lacked a token, and without one, it failed to gain traction. His claim drew sharp debate from validators and caught the attention of many community members. 

Why The Codius Project Failed

On March 8, Zeiler, who now serves as a developer evangelist at the Yellow Network, took to X to offer a frank reflection on why Codius, the decentralized computing platform, never gained the traction its creators expected. Zeiler and his team built Codius after leaving Ripple, and looking back, the former senior engineer noted that the project was missing a crucial piece that he believes doomed it from the start.  

According to Zeiler, the technology behind Codius was solid, and the vision was clear. Still, the project lacked a native token to bootstrap the network or incentivize early adopters, the people who took the risk to deploy the software. He drew a direct comparison to the Ethereum blockchain, arguing that the “genius” of the ETH token gave people a tangible reason to get involved before the network proved itself.  

Zeiler connected this lesson directly to the launch of the Yellow token, framing native assets as essential for rewarding the risk-takers who deploy software, contribute to code, and build early momentum. He noted that continually enabling self-executing applications that do not rely on third-party brokers increases the value of the underlying network. The former Ripple senior executive concluded his post with a pointed observation that every great technology needs powerful incentives to scale. 

Community Pushes Back Against Zeiler

Vet, a dUNL validator for the XRP Ledger (XRPL), pushed back against Zeiler’s reasoning, arguing that the decision to create Codius without a native token was entirely intentional from the beginning. He noted that Codius was built to be token-agnostic via the Interledger Protocol, with no Initial Coin Offering (ICO) and no insider advantage, framing the absence of a native asset as a feature rather than a flaw.

A community member challenged Vet by pointing out that Codius is still dead regardless of the original intent, suggesting it may have needed an additional component to survive. The same member noted that as XRP surged from fractions of a cent to over $3, the project’s vision appeared to shift away from a ledger designed for all kinds of value toward one centered on XRP handling everything. In their view,  the original vision was the stronger approach. 

Vet disputed the characterization, maintaining that Codius is not dead. He referenced an Interledger Foundation podcast from two years ago that suggested the former Coil team had been redirected to work on Codius development. Vet also rejected the framing around XRP, insisting it was always purpose-built as a best-in-class settlement layer and there was never any pivot in its intended role. 

Adding another layer to the story, a community member reminded others that Ripple’s former CTO, Joel Schwartz, had signaled back in 2023 that he was actively working to revive the Codius project, noting that recent technological advances had filled the gaps and addressed the challenges the project once faced. However, Schwartz stepped down as CTO at Ripple in September 2025, and no further updates on a potential Codius revival have emerged from his end. 

Ethereum may be back above the pivotal $2,000 price level, but the broader cryptocurrency landscape is still struggling to regain a bullish trajectory. Even with the market struggling with persistent volatility, Ethereum buying activity on the institutional level does not seem to be slowing down yet. 

Another Major Ethereum Buy From Bitmine

When it seems like sentiment is cooled down, Bitmine Immersion Technologies has doubled down on Ethereum, the second-largest cryptocurrency asset, again. In the highly volatile sector, the company continues to expand its digital asset holdings, with strategic ETH purchases.

The report from Milk Road, a market expert and investor, Bitmine has secured an additional 60,976 units of Ethereum valued at over $122 million despite ongoing turbulent market conditions. This strategic move during the period of uncertainty underscores the company’s long-term confidence in the network and its prospects. 

During this period, Milk Road highlighted that people tend to see Bitimine’s $10 billion in paper losses and neglect what lies beneath the surface. The $10 billion in paper losses are the result of ETH’s 62% drop from its prior highs on average, and the position is strongly underwater at current prices. However, the business continues to purchase ETH and make actual money from the stack.

Bitmine currently holds over 4.53 million ETH, representing 3.76% of ETH’s entire supply in circulation. It is worth noting that over 3 million of its ETH holdings are locked away in staking contracts, and they don’t just sit idle. 

With this massive staked ETH, the company currently earns approximately $174 million per year from the stack. Furthermore, this notable value is being generated and added to the company’s balance sheet annually, regardless of ETH’s price.

This is a key feature that sets the Ethereum treasury model apart in the crypto sector, even compared with the Bitcoin treasury model. Milk Road made reference to Michael Saylor’s Strategy, stating that their BTC treasury generates yield only when the price appreciates. Meanwhile, with ETH, yields can be generated from different areas such as price appreciation and staking, as evidenced by the 174 million per year from Bitmine’s staking, irrespective of market conditions. 

ETH Is Mirroring A Key Chart Pattern

While Ethereum’s price struggles, a market expert known as Crypto Tice has outlined a compelling, bold trend on ETH’s chart when compared to Netflix. After comparing the movement of both charts, the expert has predicted a massive upswing for ETH, similar to Netflix’s notable surge in 2009.

For years, Netflix was trapped in a range, and after multiple tests of support and rejection from resistance, the asset exploded hundreds of percent higher. Currently, ETH is exhibiting the exact same trend, with related compression, frustration, and capitulation from the crowd. 

With Ethereum mirroring this trend, the expert believes that history is about to repeat itself and ETH could see a violent upward move. “The assets that make people the most uncomfortable at the bottom are the ones that make people the most regretful at the top,” Crypto Tice added.

Crypto pundit Xaif has shared an aspect in which Vitalik Buterin admitted that XRP is ahead of Ethereum in. This comes as Ripple looks to dominate the payments industry using XRP, RLUSD, and the XRP Ledger. 

Vitalik Shares What Aspect XRP Leads Ethereum In

In an X post, Xaif shared a 2014 quote from Vitalik Buterin stating that Ripple, not Ethereum, is the Internet of Value. While Ethereum has focused on building a foundation for the decentralized financial system, Ripple has focused on building the Internet of Value using the Ledger, with XRP and RLUSD serving as important tools for this vision. 

Ethereum and Ripple have continued to reiterate their missions even as crypto continues to gain mainstream adoption. Earlier this year, Vitalik Buterin described Ethereum as the Linux of the decentralized world. He stated that they must ensure Ethereum serves as the financial home for individuals and organizations seeking greater autonomy. Buterin added that they must give people access to the power of the network without dependence on intermediaries. 

Meanwhile, Ripple CEO Brad Garlinghouse stated in January that their two major acquisitions, Ripple Prime and GTreasury, greatly accelerate and expand their ability to deliver on their vision of enabling the Internet of Value. He added that the token has been and will continue to be the heartbeat of that vision. 

More recently, Garlinghouse described the token as Ripple’s “North Star,” which guides their mission and daily operations. Xaif also shared a video in which the Ripple CEO stated that they are 100% committed to making XRP the “most trusted, most useful, and most liquid digital asset on the planet.”

It is worth noting that XRP currently ranks as the fifth largest crypto by market cap, behind Bitcoin, Ethereum, USDT, and BNB. The altcoin regained the third spot this year, just behind Ethereum, after beginning the year as one of the largest gainers, but it has since lost these gains amid the crypto market downtrend. 

The Ledger Behind Ethereum In This Regard

RWA.xyz data shows that the XRP Ledger is currently behind Ethereum in tokenization. The total tokenized value on Ethereum is $15.5 billion, while the Ledger has a total tokenized value of $1.9 billion. However, the Ledger has achieved greater growth over the last 30 days, with tokenized value rising 15%, while that on Ethereum has risen just over 10%. 

The Ledger has notably seen upgrades, such as the Permissioned DEX, which have contributed to tokenization growth on the network. The Permissioned DEX enables institutional investors to trade in a regulated environment. Ripple continues to partner with institutions to tokenize several funds on the network. Last month, the crypto firm partnered with U.K. giant Aviva Investors to develop tokenized versions of traditional funds.

Zcash Open Development Lab, the company formed by the team formerly known as Electric Coin Company, has raised more than $25 million from a roster of heavyweight crypto investors including a16z, Paradigm, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom (family office of Arthur Hayes), Chapter One, David Friedberg, Haseeb Qureshi, Mert, Balaji and others.

What This Means For Zcash

The round lands just months after the ECC team regrouped under a new name, and gives the Zcash-focused builder fresh capital to expand its wallet and protocol work without leaning on the network’s development fund. Josh Swihart, who now leads ZODL after previously serving as CEO of ECC, framed the raise as a bet on product traction rather than a brand reset. “The name is new, but our team has been building Zcash for a decade,” he wrote. “A couple of years ago, my team and I set out to change the trajectory of Zcash with an uncompromising focus on the user experience for shielded ZEC. We released Zodl (then called Zashi) and have never looked back.”

That pitch is backed by a set of numbers the team clearly wants the market to notice. According to ZODL, its wallet has helped drive adoption of the Zcash shielded pool by more than 400% since launch, while facilitating over $600 million in ZEC swaps since October 2025. Swihart said the company first shipped what he called a “normie-friendly wallet,” then layered in integrations with Flexa for retail spending, Keystone for cold storage and, more recently, NEAR-powered intents for ZEC swaps.

The capital raise is also meant to change how that work gets funded. “This funding allows us to bring these ambitions to life, without relying on Zcash dev fund grants to get there,” Swihart wrote. Alongside Zodl, the company said it is building Zallet, a full-node wallet that will serve as the foundation for new desktop software, with the longer-term goal of creating “a private, decentralized financial system as an alternative to legacy institutions.”

ZODL’s own announcement leaned heavily on continuity. The company said the full ECC team, including the engineers responsible for designing and maintaining some of Zcash’s core systems, moved over earlier this year. It added that protocol development remains central to the company’s work, but argued that future upgrades should stay tied to usability and product-market fit rather than protocol design in isolation.

Zcash founder Zooko Wilcox read the raise as something larger than a routine venture financing. “Twenty-five million dollars is a big investment! For a company that makes a wallet!?” he wrote in a thread reacting to the news. “This set of investors is a signal. They are big, sophisticated, long-standing, and reputable.”

He focused on what the deal does not appear to offer. There is no new token for investors to capture, he noted, and no control over the Zcash protocol itself. “There is no new token that the investors can get a cut of! The ZEC supply is locked in, with a 21M total supply cap, like Bitcoin,” Wilcox wrote. “The investors don’t get control of the protocol! Zcash is permissionless, open-source, and has a huge number and variety of stakeholders.”

From there, Wilcox sketched out a theory of the round: investors may see the wallet business as a monetizable entry point, but just as importantly, some may be underwriting broader ZEC adoption itself. He pointed to public disclosures from Cypherpunk Technologies, which he said already holds more than 1% of ZEC’s eventual supply, and argued that its equity stake in ZODL is smaller than its exposure to the coin.

His conclusion was blunt. “These people are betting that Zcash — not crypto, not privacy, not Bitcoin, not zero-knowledge-proofs — Zcash will be critically important for our civilization,” he wrote.

At press time, Zcash traded at $221.95.

Bitcoin crossed back above $70,000 on Monday as traders responded to signals that the US military campaign against Iran might be winding down — pushing the broader crypto market up 3% in 24 hours before a fresh round of war rhetoric from US President Donald Trump complicated the picture.

The gains were tied directly to comments Trump made in a CBS News phone interview, where he suggested Iran had been so thoroughly struck that little remained of its military capability.

Oil prices plunged on the news, dropping from a four-year high of $118 a barrel down to roughly $85 — a 25% slide that eased inflation fears and nudged investors back toward riskier assets like crypto.

Relief Rally Or Just Noise?

Analysts were quick to pump the brakes. Industry observers said the headline comments were hard to take at face value, noting that other members of Trump’s cabinet had described the conflict as still in its opening phase, with US military assets still active in the region.

Crypto would keep tracking other risk assets in the near term, with oil — not any crypto-specific narrative — still calling the shots on macro sentiment.

Market observers said that while the conflict was unlikely to be resolved soon, tradable bounces were possible, and Bitcoin could outperform as a potential store of value during periods of prolonged uncertainty.

Will A Ceasefire Lift Crypto Price?

Others offered a similar read. A genuine ceasefire, they said, could spark a strong rally in digital assets — driven by falling energy prices, reduced inflation pressure, and renewed appetite for risk.

But caution prevailed. Doubts persisted amid mixed signals, with Iran’s Revolutionary Guard publicly dismissing Trump’s remarks as “nonsense” and insisting Tehran, not Washington, would decide when fighting stops.

Trump’s Own Words Muddy The Outlook

The uncertainty deepened when Trump posted on Truth Social hours after the CBS interview, threatening that Iran would be struck “20 times harder” if it moved to block oil flows through the Strait of Hormuz.

At a Republican fundraising event in Florida the same day, he told supporters: “We’ve already won in many ways, but we haven’t won enough.”

Reports indicate US forces have struck more than 3,000 Iranian targets since operations began. That backdrop — ongoing military activity, contradictory presidential statements, and an adversary refusing to acknowledge defeat — leaves crypto in a holding pattern.

The 3% gain looks more like a reaction to a headline than the start of a sustained move. Until the geopolitical picture clarifies, digital assets appear content to follow oil’s lead rather than forge a path of their own.

Featured image from Mudrex, chart from TradingView

Speaking at the Economic Club of New York on March 9, Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, said there is “some bipartisan support” for legislation to codify the US Strategic Bitcoin Reserve, even if the timing may slip beyond the current Congress.

President Donald Trump signed the executive order creating the Strategic Bitcoin Reserve on March 6, 2025. The order directed the Treasury to set up an office to control the reserve, capitalize it with forfeited bitcoin already held by the government, and keep BTC in the reserve from being sold. It also authorized Treasury and Commerce to develop “budget neutral” strategies for acquiring additional bitcoin without imposing incremental costs on taxpayers.

Bipartisan Support Builds For US Bitcoin Reserve

The order also came with concrete deadlines. Agencies had 30 days, until April 5, 2025, to review whether they could transfer government-held BTC into the reserve and to provide a full accounting of digital assets in their possession. Treasury then had 60 days, until May 5, 2025, to deliver a legal and investment evaluation on how the reserve should be established and managed, including whether further legislation would be needed.

The most substantive official update arrived on July 30, 2025, when the President’s Working Group on Digital Asset Markets said the Treasury had already delivered those considerations to the White House under Section 3(e) of the order and would keep coordinating on “appropriate next steps” to operationalize the reserve. The White House was still publicly describing the reserve as an established policy as recently as January 20, 2026.

One important caveat remains: those deadlines produced internal reporting, not a public accounting of the reserve. In other words, agencies were required to report what they held, and Treasury was required to report back to the White House, but the administration has still not publicly disclosed how many BTC are actually in the Strategic Bitcoin Reserve. For the public, that leaves a crucial piece of the story unresolved: the reserve exists on paper and as executive policy, but its confirmed size remains unknown.

That leaves the current status fairly clear, even if not fully transparent. The reserve exists as executive branch policy. The deadlines in the order have long since passed. The Treasury has formally reported back. But a fuller statutory framework still appears to be the next step if the administration wants the reserve locked in beyond executive action alone.

Witt’s remarks are notable because they point to exactly that next stage. “There is also a push to advance other legislation to codify the strategic Bitcoin reserve,” he said. “Whether or not we’re able to get to those in this Congress, there is some bipartisan support for those. So, into the next Congress, a lot of those bills can be marked up potentially in advance and then be taken up in a future either individual vote on those or potentially in a must pass like an NDAA for example.”

At press time, Bitcoin traded at $69,894.