Trump Expands U.S. Crypto Reserve to Include XRP, SOL, and ADA
Bitget Academy2025/03/03 08:42
By: Bitget Academy
U.S. President Donald Trump recently announced that the national crypto reserve will include Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA). This marks a shift from his earlier stance, where he had only emphasized a strategic Bitcoin stockpile. During the Bitcoin 2024 conference, Trump had promised to retain all Bitcoin acquired by the government, but his recent executive order expands the focus to multiple cryptocurrencies.
His Jan. 23 order directed the President’s Working Group on Digital Assets to assess the feasibility of a national crypto reserve and establish regulatory guidelines for stablecoins. However, it also banned research and development of a U.S. central bank digital currency (CBDC). Some Bitcoin supporters were frustrated by the inclusion of other digital assets, preferring a Bitcoin-only reserve.
To further discuss regulatory plans, President Trump will hold the first White House Crypto Summit on March 7, inviting industry leaders and government officials. The summit is expected to shape future policies surrounding digital assets in the U.S.
Source: Cointelegraph
Futures Market Updates
In the past 24 hours, both BTC and ETH futures saw significant volume surges, with ETH futures volume rising slightly more (+187.85%) than BTC futures (+173.70%). BTC open interest increased by 5.34%, outpacing ETH’s 3.26% gain, indicating stronger investor positioning in BTC. Liquidations were higher in BTC futures, especially on the short side ($241.72M vs. ETH’s $87.29M), suggesting more aggressive short squeezes. The long/short ratio for BTC was nearly balanced (50.24%/49.76%), while ETH had a slight short bias (49.75%/50.25%). BTC’s funding rate (0.0055%) was slightly higher than ETH’s (0.0045%), reflecting greater demand for long positions.
BTC Futures Updates
Total BTC Open Interest: $54.18B (+5.34%)
BTC Volume (24H): $147.41B (+173.70%)
BTC Liquidations (24H): $102.88M (Long)/$241.72M (Short)
Long/Short Ratio: 50.24%/49.76%
Funding Rate: 0.0055%
ETH Futures Updates
Total ETH Open Interest: $20.75B (+3.26%)
ETH Volume (24H): $75.73B (+187.85%)
ETH Liquidations (24H): $85.62M (Long)/$87.29M (Short)
Long/Short Ratio: 49.75%/50.25%
Funding Rate: 0.0045%
Top 3 OI Surges
ADA: $1.11B (+99.41%)
TRUMPSOL: $4.14M (+76.22%)
YGG: $18.25M (+62.85%)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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