🚀 Trump signs a historic decree: Bitcoin officially becomes a strategic state asset!
Welcome to the Daily tribune of Friday, March 7, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today, it is Friday, March 7, 2025, and as every day from Tuesday to Saturday, we summarize the news of the last 24 hours that you should not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
🇫🇷 The AMF imposes an annual tax of €10,000 on crypto platforms!
The Autorité des Marchés Financiers (AMF) establishes a new financial contribution for approved crypto platforms in France. Starting in 2025, each provider will have to pay an annual tax of €10,000, in addition to a supplementary fee for asset custodians, set at 0.0094 per thousand of the total managed assets. This measure, in line with European regulation MiCA, adds to the obligation to change their status by 2026 (end of the PSAN regime in favor of the PSCA). While these new constraints aim to professionalize the sector, they could weaken small structures and harm French competitiveness against the United States, where Trump adopts a pro-crypto policy. 🔗 Read the full article
🇺🇸 Trump signs a historic decree: Bitcoin becomes a strategic state asset!
Donald Trump has officially signed a presidential decree establishing a Strategic Reserve of Bitcoin in the United States. Inspired by Fort Knox, this reserve will be filled with bitcoins seized during judicial procedures, totaling 198,109 BTC ($17 billion). Unlike previous years, these BTC will no longer be resold, but kept as a store of value. In parallel, a Stock of Digital Assets will be established with other seized cryptos, without additional purchases. This pro-Bitcoin shift marks a break with the former administration and could massively attract investors. The details will be revealed at the Crypto Summit in Washington on March 7. 🔗 Read the full article
🇮🇳 India secures 700,000 property titles on the Avalanche blockchain!
The district of Dantewada (State of Chhattisgarh) has digitized 700,000 land records dating back to the 1950s using the Avalanche blockchain. This project aims to reduce fraud, accelerate administrative procedures and ensure the authenticity of property titles. Thanks to this initiative, citizens can now instantly access their documents via digital kiosks, reducing processing times from several weeks to a few seconds. India, increasingly exploring blockchain solutions for governance, could expand this technology to other sectors such as digital identity and tax management. 🔗 Read the full article
🚨 Ripple accused of manipulating the market with its massive XRP sales!
Ripple is once again under fire for its regular XRP sales, accused of putting pressure on the market. Ripple's CTO, David Schwartz, stands by this strategy, stating that the company acts in its own interest. This controversy is amplified by the discovery of an inactive wallet of $7 billion in XRP, linked to co-founder Chris Larsen, with recent transfers of $109 million to exchanges. The community fears that these massive sales could slow the growth of the XRP price, as Ripple continues to assert that these transactions are necessary to finance its expansion. 🔗 Read the full article
The crypto of the day: Sui (SUI)
Sui is a layer 1 permissionless blockchain designed to be both user-friendly for developers and users. It can support a wide range of application developments with unmatched speed at low cost. Sui uses objects as a basic unit of data storage rather than accounts, as is the case on most other blockchains.
The native token of Sui, SUI, is used to facilitate transactions on the chain, pay gas fees, secure the network, and provide liquidity on the chain. The supply of SUI tokens is capped and has a long-term circulating supply of 10 billion tokens. SUI holders can participate in the consensus mechanism by delegating or staking their tokens, thereby contributing to the network's security while earning rewards. Moreover, SUI serves as a governance token, allowing holders to participate in decisions regarding the evolution of the protocol.
Recent performances:
Current price: $2.79 (approximately €2.57)
24-hour change: +3.5 %
Market capitalization: $8.84 billion
Rank on CoinMarketCap: #16
Bitcoin drops by 6% after Trump’s decree!
Bitcoin fell by about 6%, dropping from $90,400 to $84,979, after Donald Trump signed an executive decree establishing a Strategic Reserve of Bitcoin. Contrary to investors' expectations, the U.S. government did not announce new BTC acquisitions, merely formalizing the holding of bitcoins seized in criminal cases. This announcement disappointed the market, which hoped for a more aggressive purchasing policy to bolster institutional adoption of Bitcoin.
Why did Bitcoin drop?
The main reason for this drop is the lack of a clear plan to fund the reserve. David Sacks, Trump's crypto advisor, clarified that only bitcoins from judicial seizures would fund this reserve, with no commitment to new acquisitions. This statement triggered a wave of sales, impacting other cryptos as well:
Ethereum (-4%)
XRP (-7%)
Solana (-5.14%)
Cardano (-9.19%)
The market, which was counting on a strong signal of government support, reacted negatively to this decision, deemed too cautious.
Is the announcement underestimated by the market?
Despite the drop in Bitcoin, some experts see this decision as a major advancement. Industry figures, such as Dennis Porter (Satoshi Action Fund) and Avichal (Electric Capital CEO), believe it is a first step toward massive institutional adoption. According to them, other countries will soon follow this initiative, which could ultimately strengthen the value of Bitcoin and push it to unprecedented heights.
Did the market overreact to this announcement? While the current strategy of the U.S. government remains limited, it nevertheless marks an official recognition of Bitcoin as a strategic asset, which could have positive long-term consequences for cryptocurrency adoption.
