🐺History made with U.S. Strategic Reserve

Despite the monumental announcement of the Strategic Reserve via Executive Order, crypto ETF flows were not particularly impressive this week. Yes, we saw yet another (massive) example of positive policy setting for crypto, and yet it only managed to go toe-to-toe with the FUD. Earlier this week, we hit a 10 on the Fear and Greed Index, as most people were terrified of what WAS happening during what was supposed to be our greatest triumph as crypto holders.

BTC/ETH Inflows/Outflows

• Cardano’s $ADA suffered yet another humiliation spectacle as Charles Hoskinson wasn’t invited to Trump’s crypto summit where-in every other notable crypto founder/CEO was headed this weekend.

• Altcoins were stated to be treated “differently” than bitcoin when it came to the strategic reserve (and truly, stockpile). The best explanation for this is here

• The NASDAQ announced that they will be offering 24 hour trading soon (that way we can let the boomers catch up to the innovators)

• Treasury Secretary Scott Bessent stated, “we’ll see what the way forward is for any Bitcoin acquisition” as he pointed out that it is “essential to bring $BTC onshore”.

• We had some GREAT opportunities to buy the dip this week, especially with Ether and EVM-based tokens (assuming they ever go back up), as $ETH fell to the $2k level.

A couple big takeaways:

• We are likely not close to the U.S. Gov’t declaring how (and getting approved) to get consistent Bitcoin buys going

• The more positive network effect of what the U.S. established will be other countries continuing to pass crypto-friendly legislation and treating it as a digital Fort Knox.

• Similar to the Bitcoin ETF going live, it will likely seem unimpressive at first, but the time the supply shock comes, it’ll be much too late. Puzzle pieces just seem to continue to fall in place for now.

From the Degen Corner:

• $ONIC hit it’s 5th month in a row of positive returns from it’s trading AI/team, ringing in February at 4.98% Rev Share growth

• No real change in the $ETH NFT ecosystem

  

  MagicEden, ETH Ecosystem NFT Volume

• Same with the $SOL NFT ecosystem

  

  MagicEden, SOL Ecosystem NFT Volume

• $BOI the Bear is getting serious KOL support and it will be interesting to see who is pushing this (not a good or bad thing, just an interesting thing)

• $KAITO.X ( ▲ 10.24% ) and $HYPER.X ( ▲ 4.86% ) continue to impress even though their velocity has been determined by some to be unmaintainable.

Referrals to be aware (farming):

• AI Hub

• Robinhood

• Webull

• Blofin