The post Trump’s Crypto Reserve Sparks Debate: Should It Be Bitcoin-Only? appeared first on Coinpedia Fintech News Since the day when US President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President confirmed the plan to establish a cryptocurrency reserve , numerous rumours on how the composition of the preprosed reserve would be have been released. Many believe that apart from Bitcoin, the US crypto reserve would include several prominent altcoins, including XRP, Solana, Ethereum and Cardano. However, some renowned experts like Will Baxter have expressed reservations about the possible inclusion of altcoins in the reserve, appealing aggressively for the creation of a BTC-only reserve. Let’s understand what Baxter has to say! Ready? Trump Confirms a US Crypto Reserve The victory of pro-crypto candidate Donald Trump in the US presidential election reversed the approach of the US administration towards the crypto industry. In the initial days of the induction itself, the Trump administration introduced some aggressive policies to support the industry. The establishment of a special crypto task force under the US Securities and Exchange Commission to develop a clear crypto regulation framework and the appointment of pro-crypto leaders in key administration positions in the White House were the prominent ones among the policies adopted by the Republican government. Recently, the US government confirmed its plan to establish a crypto reserve. Currently, there is no clarity on what would be the composition of the US crypto reserve. Will Baxter, a Vice President at Braiins Mining, has strongly called for the creation of a Bitcoin-only reserve. The prime reasons why he believes including altcoins in the crypto reserve would be a huge mistake are given below. President Trump confirmed that America will get a Crypto Reserve. Sadly, it will include XRP, Solana, Ethereum, and Cardano. Here are 7 reasons why including altcoins (especially XRP) is a HUGE mistake and why the reserve should be bitcoin-only — Will Baxter (@willbaxter88) March 3, 2025 Bitcoin Is the Only Truly Decentralised Asset Baxter has highlighted the truly decentralised nature of Bitcoin. There exists no founding team to control Bitcoin. But most altcoins have centralised foundations or companies. Altcoins Has Pre-Mined Supply, Giving Insiders an Edge Baxter has emphasised the issues related to pre-mined supply. Bitcoin has no pre-mined supply. Meanwhile, the case of altcoins is different. Almost all the top ten altcoins including ETH have pre-mined supply. Ethereum pre-sold at least 70% of its initial supply. Importantly, Ripple holds no fewer than 55% of the total supply of XRP, and Solana Foundation, insiders and VCs own 50% of the total supply of SOL. Censorship Resistance and Security Issues The expert has also pointed out the importance of security. Bitcoin is known for its robust mining network. It is considered as highly secure. Are altcoins as secure as BTC? The sensible answer is no. It is not sensible to include a crypto with a questionable security framework to the national reserve of a country – which wants its economic system to be highly resistant to external threats. Ethereum’s History Proves It’s Not Immutable The expert has explained how a hack exposed the fundamental weakness of the world’s largest altcoin. Ethereum lost approximately $60 million in the DAO hack. Emphasising how Etheruem rolled back its blockchain after the hack, the expert has argued that Ethereum can be altered when convenient. Bitcoin’s Real-World Usage vs. Altcoin Speculation Baxter has also argued that altcoins see minimal real economic activity compared to Bitcoin. Bitcoin is used by millions as a store of value and settles. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Markets Crash as U.S.-China Trade War Escalates: $500B Wiped Out , Bitcoin’s Fixed Supply vs. Altcoin Supply Changes The expert has brought attention to the issue of supply as well. Bitcoin has a fixed supply of 21 million coins . However, top altcoins, even Ethereum, have changed their supply rules multiple times. Altcoins Lobbied Their Way Into the Reserve Baxter has alleged that altcoins like XRP, Solana, Ethereum and Cardano have lobbied their way into the US crypto reserve. He has explained why it is unfair to include altcoins in the reserve, asking: “we don’t put tech stocks on our national balance sheet. Why would we put their blockchain equivalents there?” .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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According to a report by COINOTAG News on March 4th, the International Monetary Fund (IMF) is taking steps to impose stricter controls on the public sector of El Salvador in
Exciting developments are unfolding in the crypto world as El Salvador, a nation known for its pioneering spirit in digital currency adoption, announces another significant Bitcoin acquisition. Just when you thought the crypto narrative couldn’t get any more intriguing, El Salvador’s National Bitcoin Office (ONBTC) has made waves again, reinforcing its commitment to Bitcoin. Let’s dive into the details of this latest Bitcoin purchase and explore what it signifies for the nation and the broader crypto landscape. Why Another Bitcoin Purchase for El Salvador? In a recent announcement that reverberated across the crypto community, ONBTC declared on X (formerly Twitter) that El Salvador has added five more Bitcoin to its treasury. This might seem like a modest amount, but it’s a powerful signal of the country’s unwavering belief in Bitcoin, especially as crypto regulations become a global focal point. So, what’s driving this continued accumulation of Bitcoin? Doubling Down on a Vision: El Salvador’s President Nayib Bukele has been a staunch advocate for Bitcoin, viewing it as a tool for financial inclusion and economic growth. This latest purchase reinforces that vision. Strategic Accumulation: Buying Bitcoin incrementally, especially during market dips, can be a strategic move to average out the purchase price and potentially benefit from future price appreciation. Confidence Signal: Despite market fluctuations and external pressures, El Salvador’s consistent Bitcoin accumulation sends a message of confidence in the long-term value of Bitcoin. [img]Image URL here[/img]El Salvador continues to invest in Bitcoin. El Salvador’s Growing BTC Holdings: A Closer Look With this recent acquisition, El Salvador’s total BTC holdings now stand at an impressive 6,100.18 BTC. At current market prices, this translates to approximately $509 million. Let’s break down what this means in real terms: Metric Value Total Bitcoin Holdings 6,100.18 BTC Estimated Value (USD) $509 Million Significance Demonstrates strong commitment to Bitcoin strategy This substantial BTC holdings position El Salvador as a unique case study in national Bitcoin adoption. It’s a bold experiment that the world is watching closely, particularly other nations considering digital currency strategies. Navigating Crypto Regulations and IMF Pressure It’s no secret that El Salvador’s Bitcoin adoption journey hasn’t been without its challenges. The International Monetary Fund (IMF) has expressed concerns and urged El Salvador to reconsider its Bitcoin policies. In response, El Salvador has reportedly tightened crypto regulations concerning Bitcoin purchases and holdings. What are these regulations, and why are they significant? Increased Oversight: New regulations likely involve enhanced monitoring and reporting of Bitcoin transactions and holdings within the country. Compliance Measures: These measures aim to address the IMF’s concerns regarding financial stability, money laundering, and consumer protection in the context of Bitcoin. Balancing Innovation and Stability: El Salvador is attempting to strike a delicate balance between fostering innovation in digital currency and ensuring financial stability, especially under international scrutiny. The Global Impact of El Salvador’s Bitcoin Bet El Salvador’s foray into Bitcoin has had a ripple effect globally. It has: Sparked Global Conversation: El Salvador’s adoption has forced a global conversation about the role of Bitcoin and cryptocurrencies in national economies. Inspired Other Nations: While no other nation has fully replicated El Salvador’s approach, several countries in Latin America and beyond are exploring Bitcoin and digital currency strategies with renewed interest. Tested Regulatory Frameworks: The situation in El Salvador is testing the limits and adaptability of international financial regulations in the face of decentralized digital currencies. Actionable Insights: What Can We Learn? El Salvador’s ongoing Bitcoin experiment offers several key takeaways for individuals, businesses, and policymakers: Diversification is Key: For nations and individuals alike, considering Bitcoin as part of a diversified portfolio strategy can be a forward-thinking approach. Regulation is Evolving: The regulatory landscape for cryptocurrencies is still nascent and rapidly evolving. Staying informed and adaptable is crucial. Long-Term Vision Matters: El Salvador’s commitment to Bitcoin demonstrates the importance of a long-term vision when adopting disruptive technologies. Conclusion: El Salvador’s Bold Stance on Bitcoin El Salvador’s latest Bitcoin purchase is more than just a financial transaction; it’s a statement of intent. It underscores the nation’s unwavering belief in Bitcoin’s potential, even amidst regulatory pressures and market volatility. As El Salvador continues to navigate this pioneering path, the world watches, learns, and debates the future of digital currency in the global economy. Whether you’re a crypto enthusiast, a financial analyst, or simply curious about the future of money, El Salvador’s Bitcoin journey is a story you can’t afford to ignore. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption.
If these pressures persist, ETH's path to recovery remains uncertain, with further downside risk toward $1,900.
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The US Securities and Exchange Commission (SEC) continues to weigh its approach to cryptocurrency investment products, delaying a decision on Cboe’s request to list options for Ether exchange-traded funds (ETFs) while reviewing Nasdaq’s filing to list Grayscale’s spot Hedera (HBAR) ETF. Nasdaq Files for Grayscale’s Spot Hedera (HBAR) ETF Amid Growing Altcoin ETF Momentum The Nasdaq Stock Market LLC has officially submitted a 19b-4 form with the US Securities and Exchange Commission ( SEC ) to list and trade Grayscale’s spot Hedera (HBAR) exchange-traded fund (ETF). This marks another significant development in the expanding landscape of cryptocurrency ETFs, as institutional demand for digital assets continues to rise. The filing, made on Monday, is part of the two-step process required to propose a crypto ETF for regulatory approval. Once the SEC acknowledges the submission, it will be published in the Federal Register, initiating a structured review process by the agency. This latest move by Nasdaq comes just a week after the exchange submitted a similar filing for Canary Capital’s spot HBAR ETF. The back-to-back applications indicate growing interest in Hedera (HBAR) as an investment-grade asset and suggest that the altcoin ETF market is quickly evolving beyond Bitcoin and Ethereum. Hedera Hashgraph is a decentralized public network that operates on a Hashgraph consensus mechanism, offering an alternative to traditional blockchain solutions. Unlike proof-of-work or proof-of-stake networks, Hedera’s unique consensus system provides faster transaction speeds, improved security, and lower fees. Governance of the Hedera network is handled by a council of major industry players, including Google, IBM, Boeing, Deutsche Telekom, and LG Electronics. This corporate backing has given the project a level of legitimacy and institutional trust that many other cryptocurrencies struggle to achieve. Bloomberg’s Senior ETF Analyst, Eric Balchunas, has noted that Hedera and Litecoin currently hold the best odds of securing SEC approval for their respective spot ETFs. Given their advanced progress in regulatory discussions, these altcoin ETFs may be among the first approved beyond Bitcoin (BTC) and Ethereum (ETH). Following the reelection of Donald Trump, the SEC has seen an influx of crypto ETF filings. This shift signals renewed optimism that a crypto-friendly regulatory landscape is emerging, which could lead to approvals for a variety of altcoin ETFs. In addition to HBAR, issuers have already filed for spot ETFs tied to: Solana (SOL) XRP (XRP) Cardano (ADA) Litecoin (LTC) Dogecoin (DOGE) Recently, the New York Stock Exchange (NYSE) also filed a 19b-4 form for Bitwise’s Dogecoin ETF, further fueling speculation that regulators may greenlight altcoin-based ETFs in the near future. Will the SEC Approve Hedera’s ETF? While Bitcoin spot ETFs received their long-awaited approval in January 2024, altcoin ETFs still face regulatory hurdles. The SEC has historically been hesitant to approve non-BTC/ETH crypto products due to concerns over market manipulation, liquidity, and security compliance. However, with increasing institutional demand and Wall Street’s growing involvement in crypto, many experts believe that the first altcoin ETF approvals could arrive by mid-2025. Analysts predict that HBAR’s strong governance model and transparent compliance efforts could make it an attractive candidate for approval, potentially paving the way for broader altcoin ETF adoption. Nasdaq’s filing for Grayscale’s HBAR ETF marks another milestone in the race to bring altcoin ETFs to the US market. With major exchanges like Nasdaq and NYSE backing these proposals, and regulatory attitudes shifting post-election, the chances of seeing more diverse crypto investment products are steadily increasing. The SEC’s decision on Grayscale’s HBAR ETF could set a precedent for future altcoin ETFs. If approved, it may open the floodgates for a new wave of institutional crypto investments, further legitimizing digital assets as a mainstream financial instrument. For now, all eyes remain on the SEC as the regulatory clock starts ticking on the latest round of crypto ETF applications. SEC Delays Decision on Cboe’s Ether ETF Options, Pushing Final Ruling to May Nasdaq’s filing of the Hedera ETF comes days after the SEC once again postponed its decision on whether to approve Cboe Exchange’s request to list options on Ether ETFs. In a regulatory filing dated Feb. 28, the agency extended its deadline until May, citing the need for additional time to review the proposal. This marks the second delay for Cboe’s application, which was originally submitted in August 2024. The SEC had previously extended its review period in October, a move that signaled growing regulatory scrutiny over derivative products tied to cryptocurrency ETFs. Cboe’s request specifically seeks to list options on the Fidelity Ethereum Fund (FETH), one of the most prominent Ether ETFs in the US market. According to VettaFi data , FETH has amassed around $1.3 billion in net assets, making it one of the leading Ethereum investment products available. This delay mirrors the SEC’s Feb. 7 response to Nasdaq ISE, which also sought approval to list options tied to BlackRock’s iShares Ethereum Trust (ETHA). The iShares Ethereum Trust (ETHA) is currently the largest Ether ETF, boasting more than $3.7 billion in assets under management. The SEC has given itself until April to make a final ruling on that application. Despite these delays, the demand for Ether ETFs continues to grow. Since Ethereum spot ETFs launched in July 2024, the sector has attracted approximately $11 billion in total net assets, signaling institutional investors' appetite for regulated Ethereum investment products. The creation of an options market for ETH ETFs is widely seen as a critical step toward mainstream institutional adoption. Options are financial contracts that grant traders the right—but not the obligation—to buy (call) or sell (put) an underlying asset at a predetermined price. These instruments provide investors with flexibility in hedging, leverage opportunities, and additional risk management strategies. The precedent for crypto ETF options was set in November 2024, when options trading began for spot Bitcoin ETFs. On its first trading day, options contracts on BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw an impressive $2 billion in total exposure, showcasing robust market demand. A similar response is expected for Ethereum ETF options, should the SEC eventually approve them. While the SEC remains cautious about expanding ETF-linked derivatives, the broader crypto derivatives market continues to evolve. Investment managers argue that the expansion of cryptocurrency ETF options in the US could accelerate institutional adoption and unlock significant upside potential for investors. The SEC’s stance on Ethereum ETF options comes at a time when other crypto derivative products are gaining traction. On Feb. 19, Coinbase launched Solana (SOL) futures, adding another major digital asset to the growing list of tradeable crypto derivatives. On Feb. 28, the Chicago Mercantile Exchange (CME) Group announced its plans to launch SOL futures contracts on March 17, pending regulatory approval. The Trump Administration’s Pro-Crypto Policies Could Influence the SEC’s Decisions One factor that could influence the SEC’s decision-making process is the Trump administration’s increasingly pro-crypto stance. Since his reelection, President Donald Trump has repeatedly stated his intention to make the US the “world’s crypto capital.” His administration has already begun appointing crypto-friendly officials to key financial regulatory positions, fueling speculation that the SEC could speed up approvals for a variety of crypto financial products, including ETF-linked options. With the SEC now targeting May for a decision on Cboe’s Ether ETF options and April for a ruling on Nasdaq ISE’s application for BlackRock’s ETH ETF options, the market remains in a state of anticipation. A favorable decision could signal a major milestone for Ethereum adoption, unlocking new avenues for institutional investors and improving liquidity in the crypto derivatives market. Conversely, further delays or outright denials could stall momentum for ETH derivatives, potentially slowing institutional inflows into the Ethereum ecosystem. For now, all eyes remain on the SEC, as the crypto industry awaits clarity on the future of Ethereum ETF options trading in the US.
Bitcoin is facing mounting pressures as traders pivot to gold amidst renewed U.S. trade tariffs, signaling a shift in market sentiment. The latest analysis indicates a growing perception that Bitcoin
Gold leaves Bitcoin in the dust over US trade tariffs as BTC price action joins stocks and even the US dollar in taking a fresh hit.
Exciting news for iPhone users diving into the world of cryptocurrency and AI! Imagine accessing the power of Google Gemini, the cutting-edge AI chatbot , without even unlocking your iPhone. That’s now a reality! Google has just rolled out an update that lets you put Gemini right on your iPhone lock screen . For crypto enthusiasts and tech-savvy individuals constantly on the move, this seamless access to AI assistance is a game-changer. Let’s explore how this update is revolutionizing mobile AI interaction and what it means for you. Effortless Access to AI Chatbot from Your iPhone Lock Screen Gone are the days of unlocking your phone, finding the app, and then initiating your AI interaction. With the new iOS widgets for Google Gemini, you can now summon Gemini Live, Google’s real-time voice feature, directly from your lock screen. This update, initially spotted by 9to5Google on Monday, simplifies accessing AI assistance on your iPhone. Think of it as having a direct line to AI intelligence, ready at your fingertips before you even unlock your device. This streamlined approach is especially beneficial for quick queries or commands when you’re on the go, making your crypto research or market analysis faster and more convenient. Why is Google Gemini on iPhone Lock Screen a Big Deal? As we await Apple’s rumored AI-enhanced Siri, expected no sooner than 2027, the competition in the mobile AI space is heating up. Google’s move to bring Gemini to the iPhone lock screen is a strategic play, offering iPhone users a taste of sophisticated AI capabilities right now. While Apple’s future Siri might boast deeper integration, these readily available AI assistants are showcasing the immediate potential of Large Language Models (LLMs) and advanced voice assistant technology on iPhones. This early access is crucial for users eager to leverage AI in their daily routines, including staying updated on the fast-paced world of cryptocurrency. Consider these advantages of having Google Gemini accessible from your iPhone lock screen: Instant Information Access: Quickly ask Gemini about the latest crypto market trends, token prices, or blockchain news without unlocking your phone. Hands-Free Convenience: Use voice commands via Gemini Live to set reminders for important crypto events, like token launches or staking deadlines. Enhanced Productivity: Manage your schedule by adding calendar events directly through the Gemini widget, ensuring you never miss critical crypto webinars or meetings. Rapid Image Analysis: Use the camera widget to snap a picture and instantly upload it to Gemini for analysis – imagine quickly identifying a crypto logo or analyzing a chart screenshot. Seamless Text Chat: Jump directly into a text chat with Gemini for more detailed inquiries or complex questions related to blockchain technology or DeFi strategies. Beyond Voice: Exploring Other Gemini iOS Widgets The updated Gemini app isn’t just about voice commands. It offers a suite of iOS widgets designed to enhance your mobile AI experience: Widget Functionality Benefit for Crypto Users Gemini Live (Voice) Real-time voice interaction with Gemini. Quick crypto market updates, hands-free research. Camera Upload Take and upload pictures to Gemini for analysis. Logo identification, chart analysis, visual data input. Reminders & Calendar Set reminders and calendar events. Manage crypto event schedules, never miss deadlines. Text Chat Direct access to text-based conversations with Gemini. In-depth crypto queries, strategy discussions, detailed information. What’s Next for Gemini and Mobile AI? Google isn’t stopping here. They’ve also announced upcoming features for Android Gemini users, including the ability to ask questions about video and on-screen content in real-time. These features, originating from Project Astra, Google DeepMind’s multimodal AI project, are gradually being integrated into the Gemini app. Initially, these advanced capabilities will be available to subscribers of Google’s Gemini Advanced plan, priced at $20 a month. This indicates a continuous push towards more sophisticated and versatile mobile AI assistants that can understand and interact with the world around us in richer ways. Embrace the Future of Mobile AI The integration of Google Gemini onto the iPhone lock screen is more than just a convenient update; it’s a glimpse into the future of AI chatbot accessibility and mobile interaction. As iOS widgets become increasingly powerful and AI technology advances, we can expect even more seamless and intuitive ways to interact with AI assistants on our smartphones. For those in the cryptocurrency space, this means faster access to information, improved productivity, and a more connected experience with the ever-evolving world of digital assets. This update is a powerful step towards making AI an integral and effortless part of our daily mobile lives. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
PEPE facing intensive sell-off, with faint hopes of rebound