ROLLUP: Bitcoin on the US Balance Sheet? | Trump's US Crypto Stockpile | Banks Can Now Custody Crypto | Venice AI's Massive Airdrop
Bitcoin has hit $100K, but something feels off. The market is up, yet sentiment is mixed. Meanwhile, seismic shifts in institutional and governmental adoption are underway, setting the stage for what could be a historic transformation of the financial system.
Trump’s Executive Order: A National Crypto Stockpile?
In a move that stunned the crypto world, former President Donald Trump signed an executive order establishing a strategic digital asset stockpile working group. This initiative aims to design a federal regulatory framework for digital assets while evaluating the feasibility of a national Bitcoin reserve. With a 60-day deadline for recommendations and 180 days for a strategic roadmap, the U.S. may soon treat Bitcoin as a reserve asset.
The executive order also bans the creation of a U.S. CBDC, ensuring that private citizens and companies can continue to develop blockchain technologies without excessive regulation. This marks a major shift in U.S. crypto policy, reversing previous regulatory hostility.
Bitcoin on Central Bank Balance Sheets? Czech Republic and Norway Make Moves
While the U.S. deliberates, the Czech National Bank is actively considering adding Bitcoin to its reserves—potentially allocating up to 5% of its $146B in total reserves to BTC. If approved, this would result in a $7.3B Bitcoin purchase, equivalent to over five months of newly mined BTC supply.
Meanwhile, Norway’s central bank has been quietly accumulating exposure to Bitcoin through MicroStrategy, now holding $500M worth of MicroStrategy stock, giving it indirect exposure to Bitcoin’s price movements.
SEC Repeals SAB121—Banks Can Finally Hold Bitcoin
In a massive win for institutional crypto adoption, the SEC has revoked SAB121, a controversial rule that forced banks to treat crypto as a liability on their balance sheets. This policy had been a major deterrent to Wall Street institutions entering the market. Now, banks like Goldman Sachs, Morgan Stanley, and Bank of America are reconsidering offering Bitcoin custody services—a move that could unlock billions in institutional capital.
Venice AI Token Launch and Abstract Chain’s Big Move
The Venice AI token launch saw massive adoption, enabling AI agents to be paid in crypto for their work. Within 12 hours of launch, Coinbase listed the token, fueling further speculation about its long-term role in decentralized AI.
Additionally, Abstract Chain launched its mainnet, focusing on streamers, creators, and consumer-facing Web3 applications. Built on ZKSync’s ZK stack, it offers native streaming, XP rewards, and integrated wallet solutions.
What Comes Next?
With institutions and even governments starting to recognize Bitcoin’s role in the global financial system, we could be on the verge of a supply shock. If major nations begin accumulating BTC as part of their reserves, demand will skyrocket—potentially sending Bitcoin’s price into uncharted territory.
The race for Bitcoin as a strategic asset has begun. The question now is: which government will make the first big move? 🚀