Crypto Compass by BitcoinWalletSG #112

Hello Fam,

The past 3 months have been disastrous for most crypto investors, but despite the market volatility, the fundamentals have never been stronger. With a pro-crypto government, a clearer regulatory outlook, and the establishment of the Strategic Bitcoin Reserve (SBR), the stage is set for long-term growth. While short-term price movements may test patience, the bigger picture remains undeniably bullish—crypto is here to stay, and its role in the global financial system is only expanding.

Trump Establishes Strategic Bitcoin Reserve in Landmark Executive Order

President Donald Trump signed an executive order authorizing the U.S. government to create a strategic bitcoin reserve by stockpiling cryptocurrency assets seized through law enforcement proceedings. The initiative, described as a "digital Fort Knox," aims to maximize the value of government-held Bitcoin rather than prematurely selling it at a loss.

Additionally, a U.S. Digital Asset Stockpile will be created to include other cryptocurrencies such as XRP, Solana, and Cardano. The move aligns with Trump's crypto-friendly stance and precedes a White House crypto summit featuring key industry leaders. While proponents see this as a step toward making the U.S. a global digital asset leader, critics warn of potential market disruptions if the government offloads large amounts of Bitcoin.

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Deutsche Boerse's Clearstream to Provide Bitcoin and Ether Custody for Institutional Investors

Clearstream, a subsidiary of Deutsche Boerse, announced plans to offer Bitcoin and Ethereum custody services to institutional clients. This move aims to bridge the gap between traditional finance and digital assets, providing regulated and secure storage solutions. By integrating crypto custody into its existing infrastructure, Clearstream seeks to attract banks, asset managers, and institutional investors looking for safe exposure to digital assets. This development follows increasing demand for crypto services from institutional players, reinforcing the mainstream adoption of cryptocurrencies in global finance.

Stablecoin Market Cap Surpasses $200B as U.S. Sees Role in Dollar Dominance

The total market capitalization of stablecoins has exceeded $200 billion for the first time, driven by growing institutional demand and U.S. Treasury support. Since the U.S. election, the stablecoin market has expanded by $40 billion, with USDC nearing $60 billion in market cap after gaining $25 billion. Meanwhile, Tether (USDT) remains dominant at $140 billion and holds significant amounts of U.S. Treasuries. Treasury Secretary Scott Bessent emphasized that stablecoins will play a role in maintaining the U.S. dollar’s status as the global reserve currency, particularly as China and Japan reduce their U.S. debt holdings. The move reflects a shift toward integrating digital assets into macroeconomic strategies to sustain dollar demand globally.

Happenings of the week

• Bitcoin dips below $80K as liquidations surpass $667M

• Solana revenue plunges 90% as memecoin mania fades

• VanEck registers AVAX ETF in Delaware

• Coinbase to launch 24/7 Bitcoin & Ethereum futures for US traders

Gemini Confidentially Files for U.S. IPO Amid Regulatory Shifts

Crypto exchange Gemini, founded by the Winklevoss twins, has confidentially filed for an initial public offering (IPO) in the U.S., with Goldman Sachs and Citigroup advising the process. The filing comes after the SEC ended its investigation into Gemini without taking action, and the company settled a separate $5 million lawsuit with the CFTC. Gemini joins other crypto firms like Kraken, Circle, Bullish, and Blockchain.com in considering public listings, as regulatory scrutiny appears to ease under the Trump administration. No final decision has been made regarding the IPO timeline.

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