#WhiteHouseCryptoSummit

Here are the latest updates in the world of cryptocurrency:

- Strategic Reserve of Bitcoin by Trump: President Trump signed an executive order to establish a strategic reserve of Bitcoin, placing the United States in a leading position in the government digital asset strategy. The reserve will be funded by Bitcoin seized by the Treasury Department.

- Market Trends: The price of Bitcoin continues to decline, trading at around $88,900, while the price of Ethereum is retesting its key support level at around $2,125. The price of Solana has stabilized, trading at around $142.8.

- White House Cryptocurrency Summit: The summit is expected to enhance adoption across all financial markets, maintaining optimism and positive expectations among executives regarding cryptocurrency adoption.

- Regulatory Updates: The Texas House of Representatives is set to advance or reject the Bitcoin bill by May 24, while the U.S. government may hold up to 88,000 Bitcoin in its strategic reserve.

- Cryptocurrency Prices: Other notable price movements include a 4.14% decrease in XRP, a 1.9% increase in Shiba Inu, and a 4.55% rise in Pepe.