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March 07, 2025

❓ 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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🚀RedStone Token Debuts on Ethereum at $900 Million Valuation

RedStone, a blockchain oracle provider, has launched its native token, RED, on the Ethereum network.

The token, now trading on major exchanges like Binance, Bybit, Bitget, and Kraken, reached an all-time high of $0.93.

🔥White House Crypto Summit Attendees: Who Has the Industry's Hottest Ticket?

The White House Crypto Summit on Friday has generated buzz as attendees continue to be confirmed.

While a list of 10 potential guests circulated, White House Crypto Czar David Sacks said it was incomplete, with the list growing to 24, including names like Michael Saylor, Brian Armstrong, and Brian Brooks.

📝New York Bill Seeks to Crack Down on Crypto Fraud

Just two weeks after the SEC launched a cyber unit to combat digital fraud, New York State is considering bill A06515, introduced on March 5, to target crypto scams.

Sponsored by Rep. Clyde Vanel, the bill aims to address virtual token fraud, illegal rug pulls, private key fraud, and failure to disclose token interests.

🌍 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)

🔥TRENDING