Bitcoin Reserve Hopes Rise Again

5. TikTok On-chain?

Reddit co-founder Alexis Ohanian has joined billionaire Frank McCourt’s bid to acquire TikTok US as a “strategic adviser” with the goal to bring it on-chain. He emphasized that users should own their data and creators should control their audience. If the deal goes through, TikTok will integrate Project Liberty’s blockchain protocol, Frequency. Sounds like a major grift to us… but we’ll see.

4. Trump Addresses Congress

Last night, President Donald Trump addressed a joint session of Congress for the first time in his second term. While no mention of crypto, that didn’t stop the price of BTC from whipsawing up 10% today.

3. El Salvador Says No to IMF, For Now

El Salvador President Nayib Bukele says he won’t end the country’s bitcoin buying spree despite the IMF’s demands to halt all BTC purchases and activities by the end of 2025 under a strict $1.4 billion loan agreement. While bitcoiners are cheering on Bukele’s defiance, it’s wise not to jump to any conclusions here. Bitcoin is already revoked from the country’s legal definition of currency and the lending giant is still forcing El Salvador to take more steps backward in its use of BTC. The latest demand? The IMF wants the names, wallet addresses, and BTC holdings of all legal persons controlled by the state.

2. Bitwise CIO says 'Market is Overthinking Things'

In a note to clients, Bitwise Chief Investment Officer Matt Hougan argued that while the crypto markets have soured on the potential inclusion of Ripple and Cardano, despite the flawed rollout, the market is overreacting for three key reasons. “After the dust settles, I suspect the final reserve will be nearly entirely bitcoin, and it will be larger than people think.”

1. BSR Hopes Rise Again

Commerce Secretary Howard Lutnick says the White House will formally unveil its proposed “strategic crypto reserve” plan this Friday, with Bitcoin “treated differently” from altcoins like XRP, Solana, and Cardano. This aligns with Trump’s original campaign promises of a national Bitcoin stockpile – but some in the community are still skeptical of the whole ordeal. The announcement will coincide with the first White House crypto summit. Stay tuned.