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#TRUMP Crypto executive order raises questions about a reserve versus Trump's plans for a 'digital asset stockpile' President Donald Trump issued an executive order with language around evaluating the “potential creation” of a digital asset stockpile. The word “reserve” versus “stockpile” has been interchanged over the past few months, but there are some key differences. President Donald Trump's move to gauge creating a potential crypto stockpile leaves open questions on what it is and what happens next. On Thursday, Trump issued an executive order titled "Strengthening American Leadership in Digital Financial Technology," which included a number of measures from creating a working group tasked with developing a federal regulatory framework and also looks to ban the use of a central bank digital currency. The working group would include top officials including the Treasury Secretary, Commerce Secretary and the chairs of the Securities and Exchange Commission and the Commodity Futures Trading Commission, among others. One action that garnered attention was that the working group would "evaluate the potential creation and maintenance of a national digital asset stockpile." That stockpile could come "from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts," according to the executive order. During his campaign, Trump made several promises to the crypto industry including establishing a crypto advisory council and said he would create a "strategic bitcoin stockpile." Meanwhile, lawmakers in Washington and at the state level have been gearing up for what they're calling a "strategic bitcoin reserve." Oklahoma, Texas, Pennsylvania and Ohio have all proposed similar bills aimed at building bitcoin reserves.

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$BNB Phemex Hacked: Over $29 Million Stolen Across Multiple Blockchains Blockchain security firm Cyvers said its systems detected multiple suspicious transactions involving Phemex’s hot wallets across several chains. Cyvers estimated that digital assets worth more than $29 million were transferred by suspicious addresses on chains including BNB, ETH, OP, POL, BASE, and ARB. In its Jan. 23 alert, the security firm noted that the suspicious addresses had already begun converting the siphoned assets to ETH. In a post on X (formerly Twitter), Phemex confirmed the breach and said it had temporarily suspended withdrawals while conducting “an emergency inspection.” The Phemex CEO meanwhile assured users that its cold wallets remained safe and that anyone could verify this via the derivative exchange’s website.

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#TrumpCryptoOrder Trump’s Executive Order Rejects CBDCs, Considers Crypto Reserves, and Aims to Revamp Regulations President Donald Trump has signed an executive order aimed at elevating America’s leadership in digital asset innovation and blockchain technology. Issued on Jan. 23, 2025, this directive outlines a vision to cultivate a responsible digital economy, refine regulatory frameworks, and safeguard financial independence. Trump Signs Executive Order Advancing U.S. Leadership in Digital Assets The Executive Order affirms the administration’s dedication to advancing blockchain technology and ensuring the free operation of open public networks. Central to the initiative are principles of regulatory clarity, protecting individuals’ rights to access and use digital assets, and opposing any attempts at unjust censorship. It also emphasizes preserving U.S. monetary independence by rejecting the adoption of central bank digital currencies (CBDCs). Among its most pivotal measures is a clear prohibition against federal actions to introduce or endorse a CBDC within the U.S. The administration contends that CBDCs threaten financial stability, individual privacy, and national sovereignty. As a result, federal agencies are directed to terminate ongoing CBDC-related projects and halt any future development in this domain. The order repeals Executive Order 14067 from 2022, along with the Treasury Department’s digital asset engagement framework issued that same year. By doing so, the administration aims to streamline federal approaches and align them with its current objectives for the digital economy. Federal agencies must now reevaluate existing regulations related to digital assets and present proposed updates within 60 days.

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$SOL Solana-based stablecoin supply hits new peak, surpassing $10 billion Solana’s total stablecoin supply has reached a new high, exceeding $10 billion for the first time. The value of stablecoins on the network has increased by nearly 110% since January, growing from $5.1 billion to $10.8 billion. The surge in Solana’s stablecoins has been largely driven by Circle’s USDC issuance on the network. The total stablecoin supply on Solana SOL +6.80% has reached new all-time highs, exceeding $10 billion for the first time. According to DeFiLlama data, the value of stablecoins on the Solana network has soared by nearly 110% since the beginning of January, climbing from $5.1 billion to $10.8 billion. In comparison, Ethereum currently holds $115 billion in stablecoins, BNB Chain has $7 billion, Base contains $3.8 billion, and Arbitrum holds $3.1 billion. This growth has been dominated by the issuance of Circle's USDC -0.00% (USD Coin) on the network. On-chain data shows that Circle has minted roughly $3.5 billion worth of USDC on Solana over the past week. According to The Block's data dashboard, nearly 80% of Solana's stablecoin supply (about $8 billion) consists of USDC, which has nearly doubled since the start of this month, going from $4.2 billion to $8.2 billion. Tether’s USDT makes up $1.96 billion of stablecoins on the network. This surge in Solana’s stablecoin supply aligns with broader trends of stablecoin usage on the network’s DeFi protocols and increasing trading volume around memecoins over the last year, further buoyed by the rollout of Trump family memecoins on the network.

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$ETH Donald Trump’s DeFi Project Holds 74,228 ETH Donald Trump’s DeFi project World Liberty Financial has further pumped up a $10 million investment acquiring another 3,079 Ethereum (ETH) in the past few hours. With this, the DeFi project has expanded its total ETH holdings to 74,228 ETH. Interestingly, of the total ETH holdings, nearly 45% i.e. 32,994 have come only in the past three days, as per the data shared by Spot On Chain. Over the last four days, World Liberty Financial has invested a total of $181 million across six tokens: Ethereum (ETH), Wrapped Bitcoin (WBTC), TRON (TRX), Aave (AAVE), Chainlink (LINK), and ENA. Apart from World Liberty Financial, overall institutional interest in Ethereum is also growing significantly. Over the past 19 hours, five wallets—likely controlled by a single entity—deposited $29.2 million worth of Tether (USDT) to HTX, formerly Huobi, and withdrew 9,018 ETH at an average price of $3,237.50 during the market dip, reported Spot On Chain. Interestingly, the wallets had previously withdrawn the $29.2 million in USDT from HTX last November, holding the funds for two months before executing this strategic move. This could be another catalyst for the Ethereum price rally ahead.

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