Crypto Morning News: Trump to issue executive order advancing crypto strategic reserve; more details to be revealed at first cryptocurrency summit on March 7
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Crypto Morning News: Trump to issue executive order advancing crypto strategic reserve; more details to be revealed at first cryptocurrency summit on March 7
This week, tokens such as ENA, BERA, and MOVE will undergo large-scale unlocks.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
The White House will host its first-ever cryptocurrency summit on March 7
According to Jinshi News, the White House will hold its inaugural cryptocurrency summit on March 7.
Trump: Will issue an executive order to advance a strategic crypto reserve including XRP, SOL, and ADA
Trump posted on social media: "After years of corrupt attacks by the Biden administration, the U.S. cryptocurrency reserve will elevate this critical industry. That’s why my digital assets executive order directs the presidential working group to advance a strategic reserve of cryptocurrencies including XRP, SOL, and ADA. I will ensure America becomes the world capital of cryptocurrency. We are making America great again!"
He also stated: "Clearly, BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the reserve. I love Bitcoin and Ethereum too!"
Crypto Czar David Sacks: More details to be revealed at the crypto summit
"Crypto Czar" David Sacks posted on X: "President Trump has announced the creation of a strategic cryptocurrency reserve composed of Bitcoin and other top cryptocurrencies. This aligns with his previously issued Executive Order 14178. President Trump is fulfilling his promise to make America the global hub for cryptocurrency, and more will be disclosed at the summit."
Data: ENA, BERA, and MOVE tokens face major unlocks this week
According to Token Unlocks data, significant one-time token unlocks are scheduled this week for ENA, BERA, MOVE, and APT, releasing over $1 billion in total value:
Ethena (ENA) will unlock 2.07 billion tokens on March 5 at 15:00, worth approximately $985 million, representing 66.19% of circulating supply;
Berachain (BERA) will unlock 10 million tokens on March 8 at 21:00, worth about $85.1 million, or 9.27% of circulating supply;
Aptos (APT) will unlock 11.31 million tokens on March 13 at 06:00, valued at around $75.66 million, or 1.92% of circulating supply;
Movement (MOVE) will unlock 50 million tokens on March 9 at 20:00, worth approximately $26.1 million, or 2.08% of circulating supply.
CSRC: Proceed orderly with pilot programs for Digital Yuan in Hong Kong, deepen practical cooperation between mainland and Hong Kong
According to Jinshi News, the China Securities Regulatory Commission (CSRC) released a response letter regarding proposals submitted during the second session of the 14th National Committee of the Chinese People's Political Consultative Conference. It mentioned that the CSRC and relevant departments will further optimize and expand financial market connectivity between mainland China and Hong Kong, continuously improve mechanisms such as Stock Connect, Bond Connect, and mutual fund recognition. Based on existing experience, they will conduct in-depth research on the feasibility of Hong Kong companies listing in the mainland, promote optimization of the "Wealth Management Connect" cross-border pilot program according to market demand, and proceed orderly with pilot programs for Digital Yuan in Hong Kong, comprehensively deepening close practical cooperation between mainland and Hong Kong to consolidate and enhance Hong Kong’s status as an international financial center.
Vitalik Buterin: Life sentence for 'Bitcoin Jesus' Roger Ver over tax offenses is absurd
Ethereum co-founder Vitalik Buterin posted: "A life sentence for non-violent tax crimes is absurd. The case against 'Bitcoin Jesus' Roger Ver appears highly politically motivated—similar to Ross Ulbricht, founder of Silk Road. Many individuals and corporations accused of far more serious crimes have received much lighter sentences than what Roger faces. If the IRS indeed threatened Roger’s lawyer to obtain confidential information, that would be malicious misconduct; attorney-client privilege must remain sacred and inviolable. Genuine good-faith errors should be corrected by giving the individual an opportunity to pay owed taxes, including interest and penalties, rather than through prosecution."
Ethereum Foundation appoints Hsiao-Wei Wang and Tomasz Stanczak as Co-Executive Directors
According to CoinDesk, the Ethereum Foundation has announced a new leadership structure, appointing Hsiao-Wei Wang and Tomasz Stanczak as Co-Executive Directors effective March 17. Hsiao-Wei served as a core researcher at the Ethereum Foundation for seven years and was a key contributor to the Ethereum Beacon Chain. Tomasz Stanczak led the team that built the execution client Nethermind. Tomasz will continue involvement with Nethermind but is gradually transitioning out of his CEO role.
The Ethereum Foundation stated: "Over the coming years, the Ethereum ecosystem must navigate the challenging transition from an early project serving a niche audience to becoming a robust, permissionless, censorship-resistant foundational layer within the global financial and software stack. Under the leadership of Hsiao-Wei and Tomasz, Ethereum will ensure both the growth of Ethereum and its ecosystem while advancing the core values that originally inspired Ethereum—open source, permissionless global collaboration, privacy, and security."
EF researcher Danny Ryan announces return to Ethereum ecosystem, joins Etherealize as co-founder
Ethereum Foundation researcher Danny Ryan announced on X that he has joined Etherealize as a co-founder to help grow Ethereum, with Vitalik Buterin welcoming the move.
Last September, Ethereum Foundation researcher Danny Ryan announced his departure, concluding seven years of contributions to the Ethereum ecosystem. Ryan said on GitHub that the decision was for personal reasons and to make space for new opportunities, emphasizing it did not reflect any issues with Ethereum or the crypto industry.
Ryan played a pivotal role in key Ethereum upgrades, having served as chief coordinator for The Merge and overseeing the launch of the Beacon Chain in 2021. He also actively contributed to updates on Ethereum Improvement Proposals (EIPs).
YZi Labs opens applications for projects based on CZ’s “crazy idea” for token issuance
Ella Zhang, head of YZi Labs (formerly Binance Labs), reposted Binance founder Changpeng Zhao’s recent tweet titled “A crazy idea about tokenomics” on X, announcing that long-term builders developing projects based on CZ’s concept can now submit applications to YZi Labs for priority review.
Previously, CZ tweeted: "I have a crazy idea about tokenomics, but no plans to issue a new token." The initial 10% of tokens would be unlocked and sold on the market, with proceeds used for product/platform development, marketing, salaries, etc. Subsequent unlocks must meet all of the following conditions:
1. At least six months must pass since the previous unlock.
2. The token price must remain consistently above twice the prior unlock price over the 30 days preceding the unlock.
3. No more than 5% of tokens may be unlocked at each release.
Musk: Meme coins are a greater fool game, suitable only for “fun” not investment
During an interview with Joe Rogan, Musk commented on meme coins: "People are just playing a greater fool and musical chairs game—the last one standing loses everything. It’d be foolish to think you can truly win with meme coins. Don’t put your life savings into a meme coin. If you want some fun, go ahead and play with meme coins."
Trademark attorney: Trump Organization files trademark for “TRUMP” to launch metaverse and NFT marketplace
Trademark attorney Josh Gerben disclosed that the Trump Organization has filed a trademark application for “TRUMP” to launch a metaverse and NFT trading platform.
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