Crypto Morning News: Trump may unveil Bitcoin strategic reserve at crypto summit; Initia hints at March TGE
TechFlow Selected TechFlow Selected
Crypto Morning News: Trump may unveil Bitcoin strategic reserve at crypto summit; Initia hints at March TGE
Ethereum's MVRV ratio hits 1.01, the lowest level since October 2023.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
U.S. Commerce Secretary: Trump May Announce Bitcoin Strategic Reserve at White House Crypto Summit
According to The Pavlovic Today, U.S. Commerce Secretary Howard Lutnick revealed that President Trump will announce a Bitcoin strategic reserve plan at the first-ever White House cryptocurrency summit this Friday, marking a significant shift in U.S. crypto policy. In an interview, Lutnick stated, "The president does believe we should have a Bitcoin strategic reserve. On how other cryptocurrencies will be treated, I think that model will be unveiled on Friday."
Lutnick further explained that Bitcoin would receive a unique status under Trump’s plan, while other crypto tokens would receive “positive but different” treatment. Earlier, Trump posted on Truth Social: "The American crypto reserve will elevate this critical industry. My digital assets executive order has directed the presidential working group to advance a crypto strategic reserve including XRP, SOL, and ADA. I will ensure America becomes the world capital of crypto."
Bitwise CIO: Market Misjudged Trump’s Crypto Reserve Plan; Despite Flaws, It Remains Positive Overall
According to The Block, Bitwise Chief Investment Officer Matt Hougan said the market reaction to Trump’s crypto reserve plan was an “overreaction,” noting that although the plan has flaws, it remains positive overall. After Trump announced on Sunday that he had directed a working group to advance a U.S. crypto strategic reserve including BTC, ETH, XRP, SOL, and ADA, these assets rose 10%, 15%, 25%, 30%, and 70% respectively from their weekly lows. However, Bitcoin later dropped over 10%, and Ethereum plunged more than 15%.
In a report sent to clients on Tuesday, Hougan noted that market skepticism mainly stemmed from the inclusion of non-Bitcoin crypto assets in the reserve—“especially speculative assets like Cardano, which feels more politically motivated than strategically sound.” He emphasized that the market overlooked three key factors: First, Trump’s negotiation style means the initial proposal won’t be the final version; second, the U.S. move could trigger a global race to accumulate Bitcoin; third, once purchased, these crypto assets are likely to be held long-term and not sold off.
Bitwise CEO Hunter Horsley, Coinbase CEO Brian Armstrong, and Gemini founders Winklevoss brothers share similar views, believing a Bitcoin-only reserve would be optimal. Hougan expects the Trump administration will eventually push forward some form of reserve plan, adding, “The mere fact that the U.S. government declares crypto assets as having ‘strategic’ significance is itself positive. I believe the market will ultimately recognize this.”
IntoTheBlock: Ethereum MVRV Hits 1.01, Lowest Since October 2023
According to IntoTheBlock data, Ethereum’s Market Value to Realized Value (MVRV) ratio hit 1.01 yesterday, its lowest level since October 2023, when ETH traded slightly below $1,600.
IntoTheBlock analysis indicates that the MVRV metric helps identify market tops and bottoms. A ratio around 1.01 has historically marked local bottoms, though such low levels are rarely seen during bull markets. Typically, MVRV drops to this level during bear markets, and during deeper cycle lows, it may even fall below 0.70.
Initia Official X Account Posts “March.”, Hinting at Imminent TGE in March
Initia’s official X account posted “March.”, possibly hinting at an upcoming Token Generation Event (TGE) in March.
Initia is a network for full-stack rollups, built by integrating an L1 with application-specific L2 infrastructure. The Initia platform offers production-grade scaling solutions, enabling teams to build scalable and sovereign systems while eliminating the user experience complexity users face when interacting with the modular multi-chain universe.
Elixir Launches Airdrop Eligibility Checker and Reveals Tokenomics: 41% Allocated to Community
According to official announcements, Elixir has launched its ELX airdrop eligibility checker website. The team also released its tokenomics breakdown:
1) Community Allocation – 41%: Includes 8% for Season 1 airdrop, 21% for future airdrops and LP incentives, and 12% for public network security rewards. All unvested tokens are ineligible for staking.
2) Foundation Allocation – 22%: Reserved for future ecosystem grants and rewards.
3) Liquidity Allocation – 3%: Set aside for market makers and liquidity providers on CEXs and DEXs.
4) Early Investors – 15%.
5) Core Contributors – 19%.
Founded in 2022, Elixir is a liquidity network based on modular DPoS, allowing anyone to directly provide liquidity to order books, bringing liquidity to long-tail crypto assets and enabling exchanges and protocols to bootstrap ledger liquidity.
RedStone Launches Miner Airdrop Query Page, Claims Open on March 6
According to the official blog, DeFi oracle RedStone has launched its airdrop query page, where users can verify eligibility. Airdrop claims will open on March 6 at 20:00 UTC.
The Miner airdrop aims to reward active members of the RedStone ecosystem and community over the long term. According to the announcement, 10% of the total RED token supply is allocated to the community and genesis program, including rewards for participants in the RedStone Expedition. Airdrop policies are primarily based on user engagement, community leadership, and on-chain activity, with emphasis on genuine contributions within the Discord community and participation in special events.
RedStone took a snapshot of RedStone Gem (RSG) balances and roles on March 3. To prevent Sybil attacks and non-genuine participation, the project implemented specialized anti-Sybil detection mechanisms and minimum role value requirements. RED token holders can stake via EigenPie or EigenLayer to earn both RED and EIGEN token rewards.
U.S. February ADP Employment Rises by 77K, Smallest Gain Since July 2024
According to Jinshi News, U.S. February ADP employment increased by 77,000, the smallest gain since July 2024. The expected figure was 140,000, with the previous month’s reading at 183,000.
Moody’s Chief Economist: Trump’s Tariffs Could Push U.S. Into Stagflation, Prompting Fed Rate Hikes
According to Jinshi Data, following President Trump’s move to impose tariffs on Canada and Mexico, Moody’s chief economist Mark Zandi warned the U.S. economy could fall into stagflation. Recent data show American consumers and businesses are already concerned about the economic outlook and cutting spending. This effect could significantly slow the economy, while tariff-driven inflation remains high—potentially pushing the U.S. into stagflation. If true, it would mark the first time in 50 years the U.S. experiences stagflation.
The Atlanta Fed’s GDPNow model currently projects a 2.8% contraction in first-quarter economic growth. If accurate, it would be the first quarterly contraction since Q1 2022. Facing stagflation, the Federal Reserve might raise interest rates—similar to former Fed Chair Paul Volcker’s aggressive hikes in the early 1980s, sacrificing economic growth to curb inflation.
Ripple CTO Signals Right to Sell XRP for Operating Funds, Prioritizing Company Interests
According to Cointelegraph, Ripple Chief Technology Officer David “JoelKatz” Schwartz recently stated on social media: “Ripple can, will, and should act in its own best interests. Investors should not expect Ripple to act against the company’s and shareholders’ interests for their benefit.” This implies Ripple has the right to sell XRP tokens to raise operating funds, sparking concerns among cryptocurrency investors.
The statement came in response to criticism from Riot Platforms research vice president Pierre Rochard, who warned investors: “You didn’t invest in Ripple the company—you only obtained tokens created out of thin air. XRP isn’t a security because Ripple doesn’t actually owe you any ‘utility’ or anything else.”
VanEck Research Director: Solana Proposals Expected to Reduce Annual SOL Selling Pressure by $677M–$1.1B
Matthew Sigel, VanEck’s Digital Asset Research Director, analyzed that the combined impact of Solana’s SIMD 096 and SIMD 0228 proposals is expected to reduce annual selling pressure on SOL by $677 million to $1.1 billion. Sigel noted that while SIMD 096 increases tax-related selling pressure by removing the 50% priority fee burn mechanism, the impact of SIMD 0228 is expected to fully offset this negative effect.
Earlier reports indicated that Solana’s SIMD 0228 proposal has opened for discussion and is expected to go to community vote in about 10 days. The proposal aims to shift SOL token issuance to a market-driven model, setting a 50% target staking rate to enhance network security and decentralization.
Market Update
Suggested Reading
When KOLs Fight for “KOL Rounds,” There Are No Winners Left in the Bear Market
This article explores how in a bear market, the “KOL round”—once a win-win tool in bull markets—has turned into a lose-lose trap, with even KOLs now suffering losses and seeking recourse. As KOLs sit downstream in the token ecosystem, projects exploit their greed or pressure during downturns, ultimately damaging KOL reputations and exposing a crisis of trust in the crypto market. Short-sighted project teams, profit-driven KOLs, and blindly following retail investors amplify systemic imbalances across the ecosystem.
Bear Down Wall Street and Crypto: Is Trump Deliberately Engineering a Recession?
This article examines how Trump may be deliberately engineering an economic recession to force the Federal Reserve to cut interest rates, thereby reducing the U.S. government’s interest expenses and accelerating the transition of the economy from government dependence to private-sector-led growth. While this strategy may worsen economic conditions in the short term, its long-term goal is to reshape the foundation of U.S. economic growth.
The “Feng Tang Trap” in the Web3 Industry
This article discusses identity anxiety within the Web3 industry and its impact on professionals. Drawing from personal writing experiences and reflections, the author calls for maintaining independent self-awareness amid industry chaos. In Web3, many people become anxious and lost due to wealth myths and idealized success narratives, sometimes even losing their values. The author urges individuals to stay mentally grounded, avoid forced assimilation, and remain true to who they truly want to be.
In Uncertain Times: A Comprehensive Review of Promising Projects in the AI Agent Space
This article provides a comprehensive overview of promising projects in the AI Agent sector, covering diverse application areas such as launch platforms, decentralized finance (DeFAI), gambling, entertainment, infrastructure, investment DAOs, and consumer-facing applications. By analyzing sub-sectors and representative projects, it highlights the diverse applications and future potential of AI technology within the Web3 ecosystem.
The Final Cycle: ETH Denver Conference Recap
This article explores the current state and future trends of the crypto industry, analyzing shifts in participant types, market dynamics, and characteristics of the ongoing transitional phase. It emphasizes the influence of regulation, technological development, and market forces on the evolution of the sector.
Interview with Former Lehman Brothers Trader: Trump Needs a Recession to Fix the Economy
This article discusses measures taken by the Trump administration to address U.S. debt and economic challenges, including “financial repression,” interest rate adjustments, and the necessity of an economic recession. It also analyzes the current environment of stagflation and its impact on financial markets, offering insights into potential future investment directions.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
