President Donald Trump Finally Unveils U.S. Crypto Reserve

President Donald Trump announced the creation of a U.S. Crypto Strategic Reserve on Sunday, naming Bitcoin, Ethereum, XRP, Solana, and Cardano as the first five assets. This follows his January executive order on digital assets, which tasked the Presidential Working Group with assembling the reserve.

Crypto markets erupted in response, with XRP surging 33%, Solana rising 22%, and Cardano rocketing 60% in Sunday trading. Bitcoin and Ethereum saw gains of 9% and 11%, respectively, as investors digested Trump's declaration: "I will make sure the U.S. is the Crypto Capital of the World."

Trump’s post emphasized that the reserve would be actively accumulated, rather than simply stockpiling confiscated digital assets held by the U.S. government. However, the mechanics remain unclear, with speculation that the Treasury's Exchange Stabilization Fund could be used to facilitate purchases.

Further details are expected at the first-ever White House Crypto Summit on March 7, where top industry leaders and policymakers will meet. Meanwhile, Trump's company DTTM Operations filed trademarks for a metaverse and NFT marketplace, adding another layer to his digital asset push.

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Meme Coins Escape SEC Oversight, Labeled 'Collectibles'

The SEC ruled that meme coins do not qualify as securities, stating they lack the characteristics necessary for federal oversight. In its guidance, the commission determined that meme coins “do not generate a yield or convey rights to future income, profits, or assets of a business”, instead likening them to "collectibles" influenced by speculation and social trends.

Later the same day, the SEC moved to dismiss its lawsuit against Coinbase, abandoning allegations that the exchange offered unregistered securities and operated an unregistered staking program. Two days later, a federal judge dismissed the SEC’s case against HEX founder Richard Heart, citing a lack of jurisdiction because his projects did not specifically target U.S. investors.

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BlackRock Adds Bitcoin ETF to $150 Billion Model Portfolios

BlackRock will allocate 1% to 2% of its $150 billion model-portfolio universe to Bitcoin through the iShares Bitcoin Trust ETF (IBIT), marking the first time the world’s largest asset manager has included crypto in its strategies. The firm cited Bitcoin’s potential as a long-term diversifier, while also noting that allocations beyond 2% could introduce excessive portfolio risk.

Despite recent $900 million outflows from IBIT, BlackRock cited strong demand from financial advisers seeking structured Bitcoin exposure within diversified portfolios. The allocation shift coincides with a broader rebalancing of BlackRock’s holdings, including a $2.3 billion inflow into mid-duration bonds and a $1.8 billion exit from long-term Treasuries.

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MetaMask Expands to Bitcoin and Solana, Overhauls Wallet UI

MetaMask will add Bitcoin and Solana support, allowing users to interact with both networks without relying on third-party wallets or wrapped tokens. Solana integration will go live in May, marking MetaMask’s first expansion beyond EVM chains, while Bitcoin support is expected in Q3. The update will let users buy, sell, swap, and engage with dApps across both chains.

Alongside the expansion, MetaMask is redesigning its wallet to simplify transactions and improve security. A new gas-included swap feature will eliminate the need for users to hold ETH for fees, applying to all transactions starting in March. The company will also introduce multiple Secret Recovery Phrases (SRPs) for managing separate wallets in a single app.

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Data of the Day

DEX aggregator CoW Swap has surged to 26% market share, doubling its presence in a year and closing in on 1inch, which now holds 30%. The platform’s $5 billion monthly volume is fueled by its Coincidence of Wants (CoW) mechanism, which directly matches traders before routing to AMMs, reducing slippage and front-running risks.

Ethereum leads CoW Swap’s growth with $3.8 billion in transactions, while notable institutional activity includes World Liberty Financial's $90 million swap of stablecoins for various tokens. Other DEX aggregators like Kyber and Bebop are also gaining traction, highlighting a shift away from 1inch’s long-held dominance.

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More Breaking News

• Swiss National Bank President Martin Schlegel dismissed Bitcoin as a reserve asset, citing volatility, liquidity concerns, and security risks.
• Bitcoin ETFs ended an eight-day $3.2 billion outflow streak with $94.3 million in inflows as BTC rebounded from its monthly low.
• Base, Coinbase’s layer 2 network, cut block times to 0.2 seconds on testnet with Flashblocks, with a mainnet rollout expected in Q2.
• Bybit hackers laundered another 62,200 ETH, raising the total moved to 343,000 ETH, despite US authorities’ efforts to block transactions.
• The Ethereum Foundation appointed Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors, with Danny Ryan leading marketing arm Etherealize.
• FTX creditor repayments delays, starting two years after its collapse, are a ‘win,’ says a trader who predicted the exchange’s downfall.

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