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- US Declares Bitcoin Strategic! | Crypto Alpha Week 10 of 2025
US Declares Bitcoin Strategic! | Crypto Alpha Week 10 of 2025
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TL;DR
US Declares Bitcoin Strategic!
US Bitcoin Reserve Sparks $370M ETF Outflows
Ethereum Delays Pectra Upgrade
BioNexus Approves Ethereum Treasury
Solana Co-Founder Opposes US Crypto Reserve
Solana Backer Foundation Capital Raises $600M
Envision Labs Integrates Akash, Cuts GPU Costs
Injective Ecosystem Campaign Launches on Bitget Wallet
TradeSta Launches Perps on Avalanche
India Secures Land Records on Avalanche
Coinbase Considers Tokenized Stock, $COIN
$200M Crypto Bet Before Trump’s Announcement
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Bitcoin Highlights of the Week
White House crypto czar David Sacks confirmed the US is treating Bitcoin as a strategic reserve asset, emphasizing its scarcity and long-term value. A government-wide audit will determine total crypto holdings, with Treasury Secretary Scott Bessent managing a separate digital asset stockpile.
While Trump named Ethereum, Solana, XRP, and Cardano, Sacks cautioned against overanalyzing the inclusion. Analysts suggest Bitcoin’s price may rebound as policies unfold. The executive order signals potential government acquisitions, reinforcing Bitcoin’s role in financial markets. Experts predict the reserve strategy could drive broader nation-state adoption of Bitcoin over time.
Georgia Congressman Mike Collins now accepts crypto donations, including BTC, ETH, LTC, DOGE, SOL, and USDT, for his reelection campaign. He aims to destigmatize crypto and embrace emerging technologies. Collins has invested heavily in digital assets, disclosing holdings in ETH, AERO, VELO, and even memecoins like SKI.
His move aligns with a broader political shift, as past candidates like Robert F. Kennedy Jr., Vivek Ramaswamy, and Donald Trump embraced crypto donations. Following Trump’s reelection, the U.S. government softened its stance on crypto, with the SEC dropping lawsuits and engaging with industry leaders.
New Hampshire’s Bitcoin reserve bill passed the House Commerce and Consumer Affairs Committee in a 16-1 vote, moving it to a full House vote. If enacted, it would allow the state treasurer to invest up to 5% of certain funds into Bitcoin, the only eligible digital asset. The bill also permits investments in gold, silver, and platinum.
Initially proposing a 10% allocation, it was amended to 5%. New Hampshire joins other states like Texas and North Carolina in advancing Bitcoin-related legislation. The move aligns with growing U.S. interest in state-level Bitcoin reserves, following Trump’s Crypto Strategic Reserve proposal.
U.S. President Donald Trump signed an executive order creating a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile," seeded with government-seized crypto. The Bitcoin reserve, described as a "digital Fort Knox," will store BTC as a long-term asset. Other cryptocurrencies will form the digital stockpile under Treasury oversight.
The order mandates a full audit of government-held crypto, which includes 198,109 BTC worth $17.87 billion. No additional purchases will be made beyond seized assets. This move aligns with Trump’s earlier statements about including Bitcoin, Ethereum, XRP, Solana, and Cardano in a national crypto reserve.
Bitcoin ETFs saw $370 million in outflows on March 7 following President Trump’s executive order establishing a US Bitcoin reserve. The order did not mandate government purchases, disappointing investors. Analysts noted market expectations were higher, triggering a 2% Bitcoin price drop and futures decline.
However, the reserve’s existence could drive institutional and nation-state adoption. While some view the reaction as a "sell the news" event, others see long-term bullish implications, as the US acknowledges Bitcoin’s strategic role in global finance. Experts believe financial institutions may now face pressure to increase BTC allocations.
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Ethereum Highlights of the Week
Ethereum developers have postponed the Pectra upgrade after encountering issues in testnet deployments. Bugs on the Holesky and Sepolia networks, caused by misconfigurations rather than flaws in the upgrade itself, raised concerns. To address this, developers will use a shadow fork of Holesky for further testing while fixing the main network.
The upgrade process remains on hold as developers gather more data, planning to resume once Holesky stabilizes. This delay underscores the cautious approach to ensuring network reliability before the full rollout of Ethereum’s next major upgrade.
Trump’s World Liberty Financial (WLFI) DeFi platform tripled its Ether holdings in a week, accumulating $10 million more in ETH as prices briefly dipped below $2,000. WLFI also acquired $10 million in Wrapped Bitcoin and $1.5 million in MOVE tokens. The platform faces an unrealized loss of over $89 million across its holdings.
The purchases align with WLFI’s “Macro Strategy” fund, which aims to strengthen digital assets and integrate traditional and decentralized finance. Ethereum remains WLFI’s largest holding, fueling speculation about potential government adoption of Ethereum-based technologies under Trump’s administration.
Ethereum researcher "Malik672" has introduced a "Decentralized Random Block Proposal" to tackle centralization and eliminate Maximal Extractable Value (MEV). The system uses Byzantine fault tolerance (BFT) and a cryptographic random algorithm to democratize block proposing, removing reliance on centralized builders like Beaverbuild and Titan Builder.
By spreading block construction globally, the proposal aims to mitigate mempool variance and reduce slot times from 12 seconds to six to eight seconds. This aligns with Ethereum’s trustless principles and supports future scaling efforts like Danksharding. Ethereum developers continue to push for faster upgrades to enhance the network’s decentralization and efficiency.
BioNexus Gene Lab Corporation has become the first Nasdaq-listed firm to prioritize Ethereum over Bitcoin for its treasury. The company highlights Ethereum’s staking yield (3-5%), institutional backing from BlackRock and Fidelity, and its role in stablecoin transactions. CEO Sam Tan confirmed Ethereum allocations but withheld specifics.
Despite this strategic shift, BioNexus faces financial struggles, including a Nasdaq compliance notice due to its stock trading at $0.32, down 61% this year. To regain compliance, it plans a reverse stock split before May 1. The firm operates in genomic diagnostics and chemical distribution, with most revenue from industrial chemical supplies.
The Ethereum Foundation has appointed Hsiao-Wei Wang and Tomasz Stańczak as co-Executive Directors, effective March 17. Wang, a key contributor to the Ethereum beacon chain, brings extensive research and community-building experience. Stańczak, founder of Nethermind, has a strong development and organizational leadership background.
Their leadership aims to guide Ethereum’s transition into a censorship-resistant financial and software base layer while upholding its core values of open-source collaboration, privacy, and security. Stańczak will transition out of his CEO role at Nethermind as he takes on this new position.
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Solana Highlights of the Week
Solana co-founder Anatoly Yakovenko rejected the idea of a US national crypto reserve, warning that government control could undermine decentralization. He prefers no reserve but sees state-run reserves as a hedge against Federal Reserve mistakes. Yakovenko also suggested measurable requirements for token inclusion, potentially favoring Bitcoin.
His comments followed reports that Ripple allegedly pitched Solana’s inclusion to legitimize XRP. Yakovenko denied any involvement. Cardano founder Charles Hoskinson also claimed no prior knowledge of ADA’s inclusion. Meanwhile, major crypto executives, including Ripple’s Brad Garlinghouse and Coinbase’s Brian Armstrong, are set to attend a White House crypto roundtable.
Foundation Capital, an early backer of Solana, has secured $600 million for its 11th fund, a 20% increase from its previous round. The fund will focus on early-stage investments in crypto, fintech, and enterprise AI startups.
Foundation Capital previously invested in Solana Labs during its 2019 Series A round, reinforcing its commitment to blockchain innovation. This significant fundraise highlights renewed investor enthusiasm for the U.S. crypto startup ecosystem as venture capital firms ramp up funding for emerging technologies, particularly in blockchain and artificial intelligence.
President Trump announced the creation of a U.S. crypto reserve, initially listing XRP, Solana, and Cardano. After confusion over Bitcoin’s absence, he clarified that BTC and ETH would also be included. Trump framed the move as part of his plan to make the U.S. the "crypto capital of the world."
Following the announcement, Solana, XRP, and Cardano saw significant price surges, while Bitcoin rose over 7.6% to surpass $91,000. The reserve aligns with Trump's pro-crypto stance, contrasting with Biden-era regulatory crackdowns, as he aims to solidify government support for digital assets.
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