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#Trump’sExecutiveOrder
Bitcoin plunged approximately 6% after US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve.

Market participants had hoped the government would announce a plan to buy more Bitcoin ( BTC ), but Trump’s crypto tsar David Sacks said on X it would only use the Bitcoin it already holds from criminal cases — though it will look to develop “budget-neutral” strategies to acquire additional Bitcoin.

Bitcoin price slides after announcement

Bitcoin dropped about 6%, falling from $90,400 to $84,979, according to CoinMarketCap data .



 Bitcoin has slightly recovered since, trading at $86,460 at the time of publication. Source: CoinMarketCap

Trading resource account The Kobeissi Letter said the reason for the Bitcoin price drop was there was “no explanation on how the reserve will be funded aside from Bitcoin already held by the US.”

Ether ( ETH ), XRP ( XRP ), Solana ( SOL ) and Cardano ( ADA ) also fell on the news after Sacks confirmed that there will be a “US Digital Asset Stockpile,” but also only consist of digital assets forfeited in criminal or civil proceedings.

“The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings,” Sacks said.

In the first hour after Sacks’ announcement, Ether had dropped 4%, XRP fell 7%, Solana had fallen 5.14%, and Cardano had slid 9.19%.

Industry participants see the positives

While it may not be the most optimistic announcement for the industry, some were surprised that Bitcoin’s price plunged after the announcement.

Electric Capital CEO Avichal said in an X post shortly after, “Who the hell sells the news of a US Strategic Bitcoin Reserve?!”

Source: Walker

Echoing a similar sentiment, pseudonymous crypto trader Ash Crypto said in an X post , “THIS IS NOT BUY THE RUMOR SELL THE NEWS EVENT, EVERY COUNTRY WILL FOLLOW SOON AND BITCOIN IS GOING TO $250,000+”

#WhiteHouseCryptoSummit
#TrumpCongressSpeech

#XRP, Solana and Cardano

US President Donald Trump has announced the names of five cryptocurrencies that he wants to make part of a new strategic reserve. He says that the reserve aims to make the United States the ‘cryptocurrency capital of the world’.

The currencies that he wants to make part of the new US strategic reserve include Bitcoin, Ethereum, XRP, Solana and Cardano. The prices of these currencies have seen a rapid increase since President Trump’s announcement.

During his presidential campaign, Donald Trump was very supportive of crypto. It should be remembered that former US President Joe Biden had initiated actions against crypto in view of concerns about fraud and money laundering.

In a statement released on social media on Sunday, President Trump said that he had signed an order and directed the presidential working group to start work on a crypto strategic reserve. According to him, this reserve will also include cryptocurrencies called XRP, Solana, and Cardano.

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Binance: A Comprehensive Overview of the Leading Cryptocurrency Exchange

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. Founded in 2017 by Changpeng Zhao, the platform has rapidly gained popularity due to its user-friendly interface, extensive range of cryptocurrencies, and robust trading features. In this article, we will explore the key aspects of Binance, including its services, security measures, and the future of cryptocurrency trading.

1. Services Offered by Binance

Binance provides a wide array of services catering to both novice and experienced traders:

Spot Trading**: The platform allows users to buy and sell a vast selection of cryptocurrencies, including Bitcoin, Ethereum, and many altcoins.

Futures and Margin Trading**: For advanced traders, Binance offers futures contracts and margin trading, enabling users to leverage their positions and potentially increase profits.

Staking**: Users can earn rewards by staking certain cryptocurrencies directly on the platform, contributing to the network's security and operation.

Binance Smart Chain**: This blockchain network allows developers to build decentralized applications (dApps) and issue new tokens, fostering innovation in the crypto space.

2. User Experience

Binance is designed with user experience in mind. The platform features:

Intuitive Interface**: Both the web platform and mobile app provide easy navigation, making it accessible for beginners.

Advanced Trading Tools**: For seasoned traders, Binance offers a suite of analytical tools, including charts, indicators, and order types.

Educational Resources**: Binance Academy provides a wealth of knowledge on blockchain technology and cryptocurrency trading, helping users make informed decisions.

3. Security Measures

Security is a top priority for Binance. The exchange implements multiple layers of protection:

Two-Factor Authentication (2FA)**: Users are encouraged to enable 2FA for an added layer of security.

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