James Van Stratin (all times unless otherwise indicated)
Was it worth the wait? President Donald Trump finally fulfilled his election promise on Thursday, signing an executive order to establish strategic Bitcoin reserves and US digital asset stockpile.
We hope that the Bitcoin (BTC) Bulls will be pleased, but the biggest cryptocurrency prices have fallen more than 2% since the news broke. The reaction is eerie similar to when the SEC approved Bitcoin Exchange Trade Funds (ETFs) last January. BTC initially fell by 20% over the next two weeks. Still, the bull may have returned. Within months after the ETF gained green light, prices rose to an all-time high.
The Trump initiative, called “Digital Fort Knox,” provides a structured framework for the accumulation of Bitcoin. One important point from the order is that secretaries of the Treasury and Commerce are allowed to develop budget-neutral strategies to win more Bitcoin without incurring additional costs on American taxpayers.
This can be achieved through a variety of means, including selling US gold reserves, other liquidation seized by government cryptocurrencies, and issuing Bitcoin bonds similar to convertible bonds introduced by publicly available Bitcoin companies.
More news comes later. In particular, there is Jobs data. Non-farm salaries are estimated to have increased by 160,000, with unemployment retaining at 4%.
Meanwhile, broader macroeconomic uncertainty persists, including tariff-related concerns, rising global bond yields, strengthening the yen and weakening the dollar. Keep alerts!
Cryptography:
March 7th, 1:30pm: President Trump will hold his first White House Script Summit. Attendees include “prominent founders, CEOs and investors in the crypto industry.”
March 11: The Bitcoin Policy Institute and US Senator Cynthia Ramis will co-host only the one-day invitation to “Bitcoin for America” in Washington.
March 12: Hemi, an L2 blockchain that runs on both Bitcoin and Ethereum, is launching the mainnet.
March 14th: Moved from a PI network (PI) surrounded by a mainnet to an open mainnet.
March 15th: Athene Network (ATH) MainNet is on sale.
March 16th: 6pm: CME Group’s Solana (SOL) futures will begin trading.
Macros
March 7, 7am: Mexican research institute nacional deestís destís de sicay geografía (INEGI) will release consumer price inflation data for February.
Core inflation rate MOM 0.46% vs. pre. 0.41%
Core inflation rate Yoi EST. 3.62% vs. 3.66%
Inflation rate mama EST. 0.27% vs. 0.29%
Inflation rate Yoi EST. 3.77% vs. 3.59%
March 7th at 8:30am: Statistics Canada releases employment data for February.
Unemployment rate EST. 6.7% vs. 6.6%
Employment change est. 20k vs. 76K
March 7th, 8:30am: The U.S. Bureau of Labor Statistics (LBS) releases employment data for February.
Non-agricultural salary supplement EST. 160K vs. 143k
Unemployment rate EST. 4% vs. 4%
March 7, 12:30pm: Federal Reserve Chairman Jerome Powell will give a speech on the economic outlook at the 2025 US Monetary Policy Forum in New York. Live stream link.
March 8th, 8:30pm: China Statistics Bureau releases Consumer Price Inflation Data (CPI) and Producer Price Inflation Data (PPI).
Inflation rate mama EST. -0.1% vs. 0.7%
Inflation rate Yoi EST. -0.5% vs. 0.5%
ppi yoy est. -twenty one. % vs. -2.3%
Revenue (estimation based on fact set data)
March 17th (TBC): Bit Digital (BTBT), $ -0.05
March 18th (TBC): Terawulf (Wulf), $ -0.04
March 24th (TBC): Galaxy Digital Holdings (TSE: GLXY), C $0.39
Governance votes and phone calls
GMX DAO votes to decentralize and automate the fee distribution process for the GMX ecosystem to ensure “real-time, unreliable, verifiable fee allocation.”
Sandbox Dao discusses the establishment of a Sandbox DAO grant programme and how to distribute funds more efficiently to the project.
Balancer Dao is voting for the deployment of Balancer V3 on the Avalanche network.
Kusama Dao is voting for Web3 Foundation approval to allocate 10 million dots to Kusama.
March 7th 10am: Maple 2 hosts X-space where “exciting announcements” will be revealed.
March 7th, 10am: Tezos holds a town hall meeting on protocol upgrades and its latest developments.
March 7th, 12pm: an avalanche to dig deeper into the avalanche and its defi ecosystem expansion.
March 13th 11am: Mantra will discuss various major updates to host Community Connect Call with CEOs and co-founders.
Unlock
March 9: Movement (movement) equivalent to $2,562 million to unlock 2.08% of the circulation supply.
March 12: APTOS (APT) unlocks 1.93% of its distribution supply worth $70.12 million.
March 15: StarkNet (STRK) unlocks 2.33% of its distribution supply worth $11.99 million.
March 15: SEI (SEI) unlocks 1.19% of its distribution supply worth $12.73 million.
March 16: Arbitrum (ARB) unlocks 2.1% of its circulation supply at 2.1%, worth $3774 million.
March 18: FastToken (FTN) unlocks 4.66% of its $80 million worth of distribution supply.
Token List
March 7: Stories (IP) listed on BTSE
March 7: Mint Blockchain (Mint) listed in Bitmart, Bingx, Gate.io, Coinw, MEXC, and Bitget.
The Coindesk consensus will take place in Toronto from May 14th to 16th. Save 15% on your pass with Code Day Book.
Day 4: Fin/Total of 2025 (Tokyo)
March 8th: Bitcoin Alive (Sydney)
March 10th-11th: MoneyLive Summit (London)
March 13th-14th: Web3 Amsterdam ’25
March 19th-20th: Next Block Expo (Warsaw)
March 25-27: Mining Destruction (Fort Lauderdale, Florida)
March 26th: DC Blockchain Summit 2025 (Washington)
March 27: Building Blocks (Tel Aviv, Israel)
March 28th: Solana Apex (Cape Town)
By Shaurya Malwa
Someone baited on X’s AI bots, posting about virtual Grokcoins, prompting Solana and other blockchains to create some Grok tokens.
“As Grok, I would suggest the name “Grokcoin.” Playful, bound by my AI identity and catchy for crypto enthusiasts,” the official X account for the bot was posted in response to a question about what would be called Memocoin.
One of the Grok tokens was zoomed to a market capitalization of $27 million with a trading volume of $116 million over five hours, but was then withdrawn to $11 million in capital.
Founded in 2023 by Elon Musk, Xai, the Grok parent company, is moving forward with scientific discovery focused on AI, with no official involvement in conversations with AI models like Cryptocurrency, Post and Grok.
BTC, ETH’s persistent funding rate is barely positive as it suppresses bullish feelings, disappointed by the lack of a purchasing plan for a new US digital asset stockpile.
ADA, SOL and SUI look at negative funding rates and show bias in shorts.
The Cumulative Volume Delta Indicator shows that major tokens except BCH and CMR have seen net sales in the last 24 hours.
In Deribit, the option shows a BTC and ETH bias, with a clear bias for the June call and subsequent settlement, and will be issued on the April expiration date.
BTC is down 0.49%% from 4pm on Thursday at $89,310.83 (24 hours: -2.42%)
ETH is down 0.67% at $2,197.46 (24 hours: -4.39%)
Coindesk 20 is down 0.58% at 2,910.34 (24 hours: -3.22%)
Ether CESR Composite Staking Rate is unchanged at 3%
BTC’s funding rate is -0.0042% (-4.57% per year) for Binance.
DXY is down 0.37% at 103.68
Gold increased by 0.34% to $2,926.6/ounce
Silver is up 0.42% to $33.20/ounce
Nikkei 225 closed -2.17% at 36,887.17
Hang Seng closed -0.57% at 242,31.30
FTSE is down 0.56% at 8,634.41
The Euro Stoxx 50 is down 1% at 5,464.99
DJIA closed on Thursday – 0.99% at 42,579.08
S&P 500 closed -1.78% at 5,738.52
Nasdaq closed -2.61% at 18,069.26
S&P/TSX Composite Index closed -1.15% at 24,584.00
S&P 40 Latin America closed 0.11% at 2,344.78
The US 10-year financial ratio has not changed at 4.27%
E-Mini S&P 500 futures are up 0.32% at 5,764.50
E-Mini Nasdaq-100 futures are up 0.47% at 20,184.50
E-Mini Dow Jones Industrial Average Index Futures is up 0.17% at 42,687.00
BTC dominance: 61.37 (-0.30%)
Ethereum to Bitcoin ratio: 0.02467 (0.73%)
Hash rate (7-day moving average): 802 EH/s
Hashpris (spot): $52.4
Total Fee: 5.17 BTC/$468,726
CME Futures Open Interest: 144,815 BTC
BTC priced in gold: 30.4 oz
BTC vs. Gold Market Cap: 8.64%
Confined to a downward trend channel, Ether has been investigating its support zone from August and September last year.
If midnight UTC under $2,100 confirms a breakdown, the door to the near $1,500 low in October 2023 could potentially open the door.
Strategy (MSTR): Closed on Thursday at $304.11 (-1.44%), falling 1.27% to $300.25 in front of the market
Coinbase Global (Coin): Closed at $214.17 (-3.72%), up 0.68% at $215.62
Galaxy Digital Holdings (GLXY): Closed at $18.82 (-7.47%)
Mara Holdings (Mara): Closed at $15.09 (-0.2%), falling 1.66% at $14.84
Riot Platforms (Riot): Closed at $8.11 (-8.67%) and has not changed before the market
Core Scientific (CORZ): Closed at $7.85 (-18.23%), increasing 2.42% to $8.04
CleanSpark (CLSK): Closed at $8.15 (-4.68%), down 0.37% to $8.12
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): Closed at $15.8 (-8.14%), up 1.27%
Semler Scientific (SMLR): Closed at $36.1 (-5.92%), down 0.69% at $35.85
Exodus Movement (Exod): Closed at $29.30 (+1%) and has not changed before the market
Spot BTCETFS:
Daily Net Flow: -$134.3 million
Cumulative net flow: $366.2 billion
Total BTC holdings: 1,129 million.
Spot ETH ETF
Daily Net Flow: – $10 million
Cumulative net flow: $2.75 billion
Total ETH holdings: 3,605 million.
Source: Farside Investors
CME’s Bitcoin futures annual base recovered slightly to 9% from 4% last month, but below the December high of 21.55%.
In other words, positioning remains light and shows careful signs among institutional traders.
Market experts focus on Trump’s strategic Bitcoin Reserve (Coindesk). President Trump’s executive order on Thursday elicited a mixed reaction, with many observers viewing it as a long-term bullishness for Bitcoin, and some dismissing it as primarily symbolic.
US stocks give up on the advancement of post-Trump elections, and Bitcoin sticks to win (Coindesk): Bitcoin has held profits since the US presidential election in November, but the S&P 500 and NASDAQ 100 fell into negative territory.
Coinbase acquires iron fish team to increase base privacy: NASDAQ-registered Crypto Exchange says the acquisition announced Thursday will bring the ability to provide privacy to Base, the Ethereum-based Layer 2 blockchain.
“It’s like a whip”: Donald Trump’s tariffs make businesses and investors unstable (financial age): President Trump’s apparently chaotic trade policy is creating disruption for investors, business leaders and US trading partners, causing disruption to stock markets.
EU leaders agree to a surge in defense and support Zelensky after the US aid freeze (Reuters): The European Commission’s proposal to exempt defense from fiscal caps has been praised, with a focus on the EU taking responsibility for its own safety.
China is seeking “peaceful coexistence” with the United States despite the differences (CNBC). China’s foreign minister called for peaceful coexistence, defended ties with Russia, urged cooperation with Ukraine, and emphasized strengthening ties with non-Western countries.
