U.S. President Donald Trump announced on social media that five digital assets will be included in a new U.S. strategic reserve of cryptocurrencies, a move that spurred a significant surge in market values.
Following the announcement, Bitcoin, the world’s largest cryptocurrency, rose more than 11% to trade at approximately $94,164, while ether, the second-largest, increased by about 13% to around $2,516. Overall, the total cryptocurrency market experienced a roughly 10% uplift, translating to an increase of over $300 billion, according to data from CoinGecko.
Industry experts noted that the move could signal a shift toward more active U.S. participation in the crypto economy. Federico Brokate, head of U.S. business at 21Shares, stated that the decision may accelerate institutional adoption, provide clearer regulatory guidelines, and strengthen the U.S. leadership in digital asset innovation. However, James Butterfill, head of research at CoinShares, expressed surprise at the inclusion of assets beyond bitcoin, suggesting that these additional currencies are more akin to tech investments.
Trump’s announcement comes amid broader policy moves favoring the crypto industry. The president, who received support from the sector during his 2024 campaign, is set to host the first White House Crypto Summit on Friday, and his family has recently launched its own digital coins. Under Trump’s administration, the Securities and Exchange Commission has eased its scrutiny by withdrawing investigations into several crypto companies and dropping a lawsuit against Coinbase, the nation’s largest crypto exchange. This marks a departure from the regulatory approach of the previous administration, which had imposed stricter measures to curb fraud and money laundering.
Analysts have noted that despite recent downturns in cryptocurrency prices, market momentum could build further if additional catalysts, such as anticipated interest rate cuts by the U.S. Federal Reserve or a clearly articulated pro-crypto regulatory framework, emerge. Meanwhile, regulatory filings indicate that alongside hedge funds, banks and sovereign wealth funds have been increasing their allocations to crypto-related investments.
There is ongoing debate among legal experts and analysts over the best mechanism to establish the strategic reserve. Some argue that an act of Congress might be required, while others suggest that the U.S. Treasury’s Exchange Stabilization Fund could be used to purchase or sell the selected digital assets. Additionally, Trump’s crypto group had previously explored the option of creating the reserve using cryptocurrencies seized in law enforcement operations.
The announcement has intensified discussions on the future role of digital currencies in national policy, with market watchers and industry participants closely monitoring developments as the Trump administration pursues its crypto-related policy objectives.
The Kremlin said on Monday that someone would have to force Volodymyr Zelenskyy to make peace and that the Ukrainian leader's public clash with U.S. President Donald Trump had shown just how hard it would be to find a way to end the war.
Congolese soldiers in a mix of fatigues and street clothes crowded into a chapel last week to stand trial for crimes including rape and murder allegedly committed as they fled in the face of a lightning rebel advance.
U.S. President Donald Trump announced on social media that five digital assets will be included in a new U.S. strategic reserve of cryptocurrencies, a move that spurred a significant surge in market values.
The global ocean shipping industry, which handles roughly 80% of world trade, is facing heightened uncertainty amid a series of trade and geopolitical threats from the U.S. administration.
Japan is battling its worst wildfires in more than 30 years as blazing infernos continue to scorch thousands of hectares of land each day.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
The accident happened on Avinguda Diagonal, one of Barcelona’s widest and most significant avenues, not far from the centre of the city.
A centuries old tradition of cheese-throwing has brought excitement to the town of Novara di Sicilia as its residents both young and old trooped out en masse to participate in the game.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
Mountain View, CA, February 24, 2025 – In a move to bolster account security and curb global SMS abuse, Google is set to phase out its SMS-based two-factor authentication (2FA) option for Gmail users, according to a report by Forbes.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
The global ocean shipping industry, which handles roughly 80% of world trade, is facing heightened uncertainty amid a series of trade and geopolitical threats from the U.S. administration.
U.S. Commerce Secretary Howard Lutnick announced on Sunday that tariffs on imports from Canada and Mexico will go into effect on Tuesday, though the exact rates remain uncertain.
The Vietnamese government has approved funding of 12.8 trillion VND ($500 million) to build a small-scale semiconductor chip manufacturing plant, with the goal of developing a domestic chip industry and ensuring supply chain resilience.
Volkswagen is set to recall 60,490 vehicles in the United States after the U.S. National Highway Traffic Safety Administration (NHTSA) identified a potential safety issue. The recall, which affects certain models, is due to a failure to display the gear position.
U.S. President Donald Trump signed an executive order on Saturday directing a new national security investigation into imported lumber under Section 232 of the Trade Expansion Act of 1962.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
The accident happened on Avinguda Diagonal, one of Barcelona’s widest and most significant avenues, not far from the centre of the city.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment