Donald Trump Signs HISTORIC Bill To Release The Crypto Bulls! (Bitcoin & Solana News)
Altcoin Daily
Executive Order for U.S. Strategic Sovereign Wealth Fund
- Donald Trump signs executive order to create the first U.S. strategic sovereign wealth fund
- The fund will be led by Secretary of the Treasury, Scott Bessent, and Secretary of Commerce, Howard Lutnik, who are both pro-Bitcoin
- The fund will monetize the asset side of the U.S. balance sheet and put assets to work for the American people
Potential Impact on Cryptocurrency
- The creation of the sovereign wealth fund could lead to the addition of high-cap altcoins, such as Solana, to a digital asset strategic reserve
- The fund's focus on Bitcoin and other cryptocurrencies could increase their value and acceptance
Solana ETF Update
- The CBOE has refiled Solana ETF 19B-4s for Vanek, Canary funds, Bitwise invest, and 21 shares, increasing the likelihood of a Solana ETF approval
- This could be bullish for Solana, as it would provide more investment opportunities and increase its visibility
Tariffs and Crypto Market
- Tariffs imposed by the U.S. on Mexico and other countries have led to a decline in the crypto market
- However, tariffs can also lead to inflation, which has historically been beneficial for Bitcoin
- The uncertainty surrounding tariffs and their impact on the economy and crypto market is a major concern
Staking and Earning Interest on Solana
- Marinate is a platform that allows users to stake their Solana and earn interest, with a non-custodial and protected staking rewards system
- The platform uses a staked auction marketplace to delegate Solana to the highest performing validators, boosting yields for users