Crypto Twitter Weekly Recap:
This week, Crypto Twitter was a rollercoaster—the summit hyped to the moon then crashing the market.

Key Highlights:

🔸Trump’s Crypto Summit Tanks: Trump’s White House Crypto Summit hyped a U.S reserve with— $BTC, $ETH, $SOL, $ADA, $XRP thought to play key roles. CT lost it—‘Crypto Prez!’ memes everywhere, but post-summit crypto crashed: $BTC slid to $83k, $ETH dumped to $2k, $SOL hit ~$130.
  
🔸Reserve Reality:      
- The U.S. Strategic Bitcoin Reserve, established via an executive order signed by Trump on March 6, designates Bitcoin as a reserve asset, akin to a "digital Fort Knox." It’s capitalized solely with approximately 200,000 BTC (worth about $17-18 billion) already seized by the U.S. government through criminal and civil forfeiture, not taxpayer funds. The policy prohibits selling this Bitcoin, aiming to retain it as a long-term store of value, though it disappointed some in the crypto market hoping for new purchases to boost prices.       
- The U.S. Digital Asset Stockpile, also part of the same order, is a separate Treasury-managed pool for other cryptocurrencies (like Ethereum, XRP, Solana, and Cardano) seized in legal proceedings. Unlike the Bitcoin Reserve, it’s not positioned as a strategic asset but as a holding mechanism, with no plans to acquire more beyond forfeitures.
  
Trump’s moves, announced ahead of a March 7 White House Crypto Summit, signal a pro-crypto stance to position the U.S. as a leader in digital assets, though the lack of active buying has tempered market enthusiasm.  

🔸Token Unlock Bloodbath: $SUI unleashed $110M (Mar 3), $ENA flooded $746M (Mar 5), $MOVE dropped $20M (Mar 9)—prices took a beating. CT’s screaming ‘dilution scam!’  

🔸Hey Anon’s Devs are cooking: @HeyAnonai stole the spotlight—Kamino Finance, Cookiedotfun analytics, Lido staking, transfer whitelists, and Debridge for SOL-EVM swaps, all live by Mar 7. ‘DeFAI szn’ is heating up.  

🔸SEC Backs Off: The SEC dropped cases against Coinbase, Uniswap, Consensys, Gemini, Robinhood, OpenSea, and Kraken over the past week or two. This is a huge regulatory win and a real turning point for the crypto industry.

🔸Stablecoin Bill Buzz: Senate Banking Committee’s voting on a stablecoin bill March 10–14. Clear rules, user safety, financial stability but many opinions are split between ‘mass adoption incoming’ and ‘gov overreach’.  

Vibe Check: $BTC reclaimed $92k midweek, then summit hype crashed it back. Fear & Greed Index says caution, but CT’s half ‘Wagmi,’ half ‘rekt.’

Thank you for reading 🧡
(Edited and Reposted)
#BTC #ETH #SOL #ADA #XRP