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This is the Hodl Report, where we decode Trump’s latest crypto playbook, from tariffs to the Strategic Bitcoin Reserve. The accumulation race is on! 🟠🔥

This week, we’re diving into:

• 🌎 Macro sentiment – Fear, greed, or just confusion?

• 🏦 Bitcoin Strategic Reserve updates – What’s next?

• 📰 Biggest headlines of the week

• 💵 Stablecoins: The government’s top crypto focus

• 😂 Crypto memes to keep us sane

Let’s get into it!

Bitcoin is still tracking the M2 Money Supply trend, which means we’re likely in for another week or two of chop - maybe even some downside - before the real climb to new ATHs begins.

Unless, of course, Trump keeps playing tariff roulette.

🎤 Picture Oprah: “You get a tariff! And you get a tariff! Check under your seat…tariffs for everyone!”

What’s his endgame?

Many (including us) believe he’s intentionally shaking up markets to force the Fed’s hand into slashing interest rates…and fast.

Why? Because the U.S. has nearly $10T in debt to refinance in the coming months, and they’re not doing it at these sky-high rates.

That means short-term chaos, but long-term gains once the liquidity floodgates open.

Let’s not forget that Arthur Hayes called this weeks ago, back when everyone was still high on euphoria and dreaming of endless green candles.

While most were busy celebrating, Hayes saw through the noise and nailed the short-term price action. And this week? He’s doubling down on his thesis.

So, just hang in there, we’re almost there. 🚀

If you’re lost in the tariff-fueled market madness, don’t worry - you’ve got company.

Even TradFi is clueless right now, watching their markets bleed while Trump keeps them guessing.

Trump even tried throwing Tesla a lifeline since Musk is busy working for DOGE, but the whole thing felt more like a cheesy car dealership ad than a show of support. 🚗😂

BlackRock is perhaps the most confused of all.

Their take?

Bitcoin should act like digital gold, moving accordingly with macro shifts. Instead, BTC keeps behaving like a high-volatility risk asset.

Here’s what they’re missing: Bitcoin isn’t gold… yet.

At just 15 years old, it’s still finding its place in the financial world. Until it fully matures, traders love the volatility - it’s where the real money is made (and lost).

Long-term? Bitcoin becomes digital gold.

Short-term? Strap in, because the ride isn’t over yet. 🎢

🟠 The Bitcoin Accumulation Race Is On 🟠

Despite Trump’s economic chaos, one thing is clear:

The Bitcoin accumulation race has officially begun.

With the Bitcoin Strategic Reserve in place and BTC now officially recognized as digital gold, the question isn’t if the U.S. will buy more - it’s how they’ll do it without costing taxpayers a dime.

Crypto bros have turned their attention to this dilemma and we have some ideas.

Another includes BitBonds - a proposal that, on paper, looks like a win-win.

Normally, this level of pro-crypto legislation would send markets flying, but Trump’s tariff-fueled turbulence is keeping the brakes on.

For now.

1. Michael Saylor's Strategy to Raise $21 Billion for Bitcoin Purchases​

   Michael Saylor's company, Strategy, formerly MicroStrategy, plans to raise $21 billion through an ATM offering of STRK, a convertible perpetual preferred stock, to fund additional Bitcoin acquisitions. This aggressive financial maneuver aims to leverage equity issued at a premium to its net asset value to sustain and boost its stock price.

2. Fidelity Files to Add Staking for ETH ETFs​

   Fidelity has filed to incorporate staking services into its Ethereum ETFs, a move that could significantly impact the market by offering investors additional avenues for yield generation within regulated frameworks.

3. Coinbase Collaborates with Governments to Engage with Crypto​

   Coinbase is actively assisting governments in understanding and engaging with the crypto ecosystem, aiming to bridge the gap between regulatory bodies and the rapidly evolving digital asset landscape.

4. Trump Family Explored Stake in Binance Crypto Exchange​

   Reports indicate that the Trump family engaged in discussions to acquire a stake in Binance, one of the world's largest cryptocurrency exchanges, highlighting the growing intersection between politics and the crypto industry.

5. Strategic Bitcoin Reserve Bills to Acquire One Million BTC Proposed​

   Legislators have introduced bills aiming to establish a Strategic Bitcoin Reserve, proposing the acquisition of up to one million BTC to bolster national economic security.

6. Cayman Islands Implements Licensing Rules for Crypto Firms​

   The Cayman Islands has introduced licensing regulations for cryptocurrency firms, aiming to enhance oversight and attract legitimate crypto businesses to the jurisdiction.

7. Trump's Executive Order Ends 'Operation Chokepoint'

   A recent executive order from President Trump has terminated 'Operation Chokepoint,' a policy perceived to debank crypto companies, signaling a more favorable regulatory environment.

8. SEC to Halt Requirement for Crypto Firms to Register as Trading Systems​

   The SEC has announced it will cease mandating crypto firms to register as trading systems, potentially reducing regulatory hurdles for cryptocurrency platforms.

9. Russia Turns to Cryptocurrencies for Oil Trade Amid Sanctions​

   Facing Western sanctions, Russia is increasingly utilizing cryptocurrencies like Bitcoin and Tether in its oil trade with China and India to facilitate transactions and bypass financial restrictions.

10. Trump Seeks to Acquire Maximum Bitcoin Holdings: White House​

    The Trump administration has expressed intentions to accumulate substantial Bitcoin reserves, underscoring the cryptocurrency's growing strategic importance at the national level.

🪙 Stablecoins

The U.S. Dollar's Secret Weapon in the Digital Age

In the ever-evolving crypto landscape, stablecoins have emerged as the linchpin for maintaining the U.S. dollar's supremacy. These digital assets, pegged to traditional currencies like the dollar, offer a sanctuary amidst crypto volatility, ensuring value stability while remaining flexible to participate in the crypto ecosystem.

Why Stablecoins Matter:

• Financial Inclusion: For individuals in regions with limited banking infrastructure, stablecoins provide a gateway to the global economy, requiring just a smartphone and internet access.​
  

• Cross-Border Transactions: They streamline international transfers, making remittances faster and more affordable.​
  

• Operational Efficiency: Unlike traditional banking hours, stablecoin transactions operate 24/7, ensuring uninterrupted financial activities.​
  

The U.S. Government's Stance

At the recent White House Digital Asset Summit, Treasury Secretary Scott Bessent underscored the pivotal role of stablecoins in preserving the dollar's global reserve currency status. He emphasized that embracing stablecoins is essential to adapt to the digital financial era. 

Market Dynamics

Despite market fluctuations, the stablecoin sector has showcased resilience and growth The combined market capitalization of all stablecoins has surpassed $227 billion, reflecting growth in investor confidence and the critical role these assets play in the crypto ecosystem.​

Legislative Developments

Yesterday, the Senate Banking Committee vote succeeded to send the GENIUS Stablecoin Bill to the senate floor. The bill aims to establish a comprehensive regulatory framework for stablecoin issuers. This bipartisan effort seeks to balance innovation with consumer protection, ensuring that the U.S. remains at the forefront of digital currency adoption.

The Road Ahead

As the crypto market matures, stablecoins are poised to play an increasingly vital role in global finance. Their ability to bridge traditional financial systems with the burgeoning digital economy positions them as key instruments in maintaining the U.S.  global dominance. The government's proactive approach in regulating and promoting stablecoins underscores their strategic importance in the future of money.​

Big thanks for making it to the end of this week’s Hodl Report! 👊

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Happy Friday!

Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).