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Arthur Hayes points out that statements about a strategic cryptocurrency reserve are merely words unless approved by Congress. Without such approval, the necessary funds to purchase cryptocurrencies and establish such a reserve are not available.

On the other hand, Eric Trump reacts to the announcement of this strategic reserve, made on a Sunday when traditional markets were closed. He sees it as an opportunity for retail investors to gain an edge, emphasizing that traditional finance must quickly adapt to this new landscape, where markets no longer operate solely from Monday to Friday, 9 to 5. According to him, the world is evolving, and those who fail to keep up risk being left behind.

BREAKING: 🇺🇸 🇨🇳 U.S. DENIES CHINA'S DEMAND FOR RETURN OF GOLD – BEIJING RETALIATES

China had transferred hundreds of tons of gold to the U.S. for safekeeping, but now wants it back. However, Washington is refusing to return it. In retaliation, China is selling off U.S. Treasury bonds, posing a potential threat to the stability of the American economy.

In recent hours, the Shiba Inu (SHIB) community witnessed a significant event: a single transaction resulted in the burning of 14,372,556 SHIB tokens, thereby eliminating them from circulation.

Token burning involves purposely sending cryptocurrency tokens to an unspendable address, sometimes known as a "dead wallet," to lower the overall supply. This approach seeks to trigger scarcity, which may increase the value of the remaining tokens over time.

🔥 14,372,556 $SHIB -> transferred to dead wallet. https://t.co/DOPvLSRg1W

— Shibburn (@shibburn) March 1, 2025

The recent burn of more than 14 million SHIB tokens is part of the SHIB community's ongoing attempts to reduce the token's massive supply. In February 2025 alone, 389,189,413 SHIB tokens were burned in 134 transactions.

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Despite these significant burns, some community members raise concerns about the pace, suggesting that more aggressive methods may be necessary to achieve a significant price impact.

In the last 24 hours, for instance, 17,548,578 SHIB tokens were burned, representing a 75.49% decline within this time frame. In the past seven days, 102,011,340 SHIB were burned, representing a 39.04% decline weekly.

SHIB price action

At the time of writing, SHIB was down 1.78% in the last 24 hours to $0.00001368 following two consecutive days of declines after an earlier rebound in the past week.

Shiba Inu and meme coins have received excellent news in the last week, as the SEC issued guidance stating that meme coins are not securities but rather collectibles.

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To provide greater clarity on the application of federal securities rules to crypto assets, the Division of Corporation Finance offered its views on "meme coins."

In its statement, the SEC stated that the offer and sale of meme coins does not constitute an investment in an enterprise, nor is it made with a reasonable expectation of gains from the entrepreneurial or management efforts of others.

A break over the daily moving averages 50 and 200 at $0.00001745 and $0.00001926 would indicate a bullish recovery, with Shiba Inu aiming for $0.000025 and $0.00003 in the event of a rise. On the other hand, support is envisaged at $0.0000116 in the event of a drop.