❓ Industry Experts Question Benefits of Bitcoin Reserve

gm Defiers!

The growing debate around the U.S. government's proposed Strategic Bitcoin Reserve (SBR) continues to intensify as the crypto community eagerly anticipates the White House Crypto Summit today.

Meanwhile, New York State is taking steps to combat crypto scams with bill A06515, introduced on March 5. In another significant development, RedStone, a blockchain oracle provider, has officially launched its native token RED on the Ethereum network

✍️ In today’s newsletter:

Industry experts discuss Bitcoin reserve
Ondo Finance's TVL exceeds $1 billion
Uniswap Foundation proposes $45 million incentive program
RedStone token launches with a $900 million valuation
White House crypto summit attendees
New York bill aims to crack down on crypto fraud

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❓Is a Strategic Bitcoin Reserve Actually Good for Crypto?

The crypto community remains divided on the potential U.S. government-led strategic Bitcoin reserve, with growing concerns about its impact on decentralization.

Discussions have intensified, particularly after President Trump proposed including Bitcoin, Ethereum, and altcoins, prompting some industry leaders to question his motivations.

📈Ondo Finance TVL Surpasses $1 Billion Becoming Largest RWA Platform

Ondo Finance has become the largest real-world asset (RWA) by market cap and total value locked (TVL), reaching $1.026 billion and controlling 24% of the tokenized treasuries market.

💰Uniswap Foundation Proposes $45 Million Incentive Program to Boost V4 and Unichain

The Uniswap Foundation has proposed a $165 million initiative to accelerate the growth of Uniswap V4 and Unichain.

Following a successful temperature check on March 2, the proposal is now moving to an on-chain vote.

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🌍 ELSEWHERE

Trump administration views bitcoin reserve as "digital Fort Knox", senior officials say (Reuters)
Feds take down Garantex crypto exchange, indict two of its admins (TheStreet)
Crypto Market Is Skeptical About the Formation of a U.S. Strategic Reserve: JPMorgan (CoinDesk)