The Trump administration advances the Bitcoin reserve plan as the crypto market welcomes multiple hotspots.

robot
Abstract generation in progress

Weekly Crypto Market Highlights

Trends in U.S. Encryption Policy

The Trump administration has recently been active in the encryption currency field, attracting market attention. Trump signed an executive order to establish a strategic Bitcoin reserve and digital asset reserve, including Bitcoin, Ethereum, and four other encryption assets in the reserve list. Although it mainly relies on proceeds from asset forfeiture for funding support, it is still seen as a positive signal.

The cryptocurrency summit held at the White House has attracted significant attention, with about 25 industry representatives invited to attend. 29-year-old Bo Hines stands out as the leader, having nearly a decade of crypto investment experience before entering politics.

However, not all of the red states in Trump's base support the Bitcoin reserve plan. Currently, five states have expressed opposition, and Arizona may be the first to pass related legislation.

Market Analysis

The crypto market has been highly volatile recently. Arthur Hayes believes we are still in a bull market cycle, expecting Bitcoin to potentially pull back to $70,000 in the worst-case scenario. Some analysts point out that there are not many bearish factors left, and March 7 may bring positive news.

In a market with extreme volatility, relying only on luck makes it difficult to profit in the long term. Investors with specialized trading strategies are more likely to survive and profit in this environment.

AI and Meme Token Trends

The AI Agent field has achieved a significant breakthrough, with the Manus project, known as the "universal hand," attracting attention. ElizaOS and Swarm AI are competing on modularization and decentralization, reflecting the ideological struggle between the spirit of Web3 and AI centralization.

In terms of meme tokens, Grok AI's named GrokCoin has a 24-hour trading volume of over 100 million USD and has more than 12,000 holders, becoming a recent hot topic.

Dynamics of DeFi and Trading Platforms

Aave has proposed an updated token economic model and plans to launch a buyback plan, which is expected to join the ranks of DeFi dividend distributions. Jupiter's multi-strategy layout attempts to restore market confidence. Hyperliquid has become an on-chain trading "casino," with trading volume exceeding one trillion dollars.

Other Trends Worth Noting

  • The Ethereum Developer Conference held in Hong Kong and Denver reflects the current state of the industry.
  • Jump restarts its US encryption business and expands recruitment
  • The investigation into the Safe{Wallet} hacking incident shows that the North Korean hacker group TraderTraitor is behind the attack.
  • Eric Trump, son of Donald Trump, calls on traditional finance to follow the development of encryption.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
CryptoSurvivorvip
· 07-07 14:07
The bull run is stable this time!
View OriginalReply0
LootboxPhobiavip
· 07-07 11:54
The crypto world is up to something again.
View OriginalReply0
DeFiCaffeinatorvip
· 07-05 17:51
Rise is a must rise!
View OriginalReply0
MEVHunterLuckyvip
· 07-05 17:51
Plucking fur is momentarily satisfying, recoup investment crematorium.
View OriginalReply0
CounterIndicatorvip
· 07-05 17:45
Heartbreaking, it's bullish again.
View OriginalReply0
FlippedSignalvip
· 07-05 17:35
Once again, A Chuan is making headlines.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)