Crypto Compass by BitcoinWalletSG #111

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Trump Establishes Strategic Bitcoin Reserve in Landmark Executive Order

President Donald Trump unveiled plans to establish a "Crypto Strategic Reserve," aiming to position the U.S. as a leader in the digital asset space. The reserve is set to include major cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano. The announcement initially caused a surge in crypto prices; however, the rally was short-lived, with markets stabilizing shortly after.

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This week, the crypto market experienced significant volatility influenced by President Donald Trump’s announcement of a US Strategic Cryp... See more

U.S. SEC Agrees to Dismiss Lawsuit Against Kraken

Kraken, one of the world's leading cryptocurrency exchanges, announced that the U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its civil lawsuit accusing the company of operating as an unregistered securities exchange. This dismissal, which includes no admission of wrongdoing or penalties, is viewed as a pivotal moment for the crypto industry, potentially signaling a shift towards more favorable regulatory oversight under the new administration.

Ethereum Foundation Restructures Leadership and Launches Marketing Arm

The Ethereum Foundation has announced a significant leadership restructuring by appointing two co-executive directors to steer its future initiatives. In addition, former Ethereum Foundation researcher Danny Ryan has transitioned to co-found and lead 'Etherealize,' the foundation's newly established marketing division. ​

Happenings of the week

• BlackRock adds Bitcoin ETF to financial advisor portfolio

• Crypto funds see $3.8B outflow over three weeks

• Arthur Hayes criticizes Trump’s crypto reserve plan

• Coinbase CEO prefers Bitcoin-only US crypto reserve

Vitalik Buterin Advocates for Enhanced Wallet Security

Ethereum co-founder Vitalik Buterin has emphasized the need for more robust wallet security solutions to mitigate the risk of accidental cryptocurrency losses. While significant attention has been directed toward preventing theft through hacking, Buterin highlights that inadvertent losses—such as those resulting from software bugs, forgotten passwords, lost devices, or inadequate backups—also pose substantial threats to individual holdings.

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