ChainCatcher news, anEck's Director of Digital Asset Research Matthew Sigel tweeted that Bloomberg legal analysts believe the federal government's likelihood of purchasing Bitcoin this year is 30%.He believes that Trump will not invest political capital into legislation, as he could unilaterally achieve this goal through the Exchange Stabilization Fund (ESF) if he wanted to.

ChainCatcher news, market interest in U.S. listed spot ETFs has reignited, with Bitcoin ETFs seeing positive inflows for the fourth consecutive day. Blockhead Research Network analysis points out: "Multiple catalysts continue to support the bullish outlook for Bitcoin. The U.S. government is exploring budget-neutral ways to accumulate Bitcoin, which could become a turning point in this cycle. Additionally, Solana futures on the Chicago Mercantile Exchange have also become a key bullish indicator for SOL, as this product may increase institutional exposure to SOL."

ChainCatcher news, according to CNN, the government efficiency department led by Musk has proposed a significant reduction in the size of the IRS, aiming to cut nearly 20% of its workforce by May 15 (one month after the U.S. tax day). President Trump has ordered federal agencies to submit "massive" layoff plans by local time Thursday.According to a source familiar with the matter, the details of the IRS proposal have been shared in an email from the government efficiency department and will be discussed at a leadership meeting on Thursday morning. The latest round of layoffs will dismiss nearly 6,800 employees, in addition to about 6,700 already laid-off probationary employees and 4,700 employees who accepted the Trump administration's voluntary buyout program.

ChainCatcher news, CoinDesk analyst James Van Straten stated that although the short-term shows characteristics of a bear market, the positive shift in the U.S. government's attitude towards digital assets may bring long-term benefits for Bitcoin.Since President Trump took office on January 20, the price of Bitcoin has fallen from $109,000 to $80,000, displaying a typical "sell the news" pattern. This price movement is similar to the situation after the listing of the U.S. spot Bitcoin ETF in January 2024. At that time, Bitcoin rose over 40% from October 2023 to January 2024, but experienced a 20% pullback after the ETF was listed. Following Trump's election victory, Bitcoin surged 60% and reached an all-time high of $109,000, before undergoing a nearly 30% correction.Analysis shows that both events followed a similar pattern: positive news triggered local peaks in Bitcoin prices, followed by significant pullbacks. Although the short-term shows characteristics of a bear market, the positive shift in the U.S. government's attitude towards digital assets may bring long-term benefits for Bitcoin.

ChainCatcher news, Matrixport released a weekly report stating that with the upcoming White House cryptocurrency summit on Friday, any positive headlines could drive short-term momentum, but the structural weaknesses in the market and macroeconomic headwinds remain key risks.If Trump conveys a strong message of support for cryptocurrencies, it could inject new vitality into the market, but its sustainability will depend on the broader economic and policy environment. This summit marks the first time in history that the White House is holding a summit specifically focused on cryptocurrencies. The market is currently closely watching the outcomes of the summit and anticipates further price volatility in the future.The U.S. government may utilize its gold reserves to fund the purchase of Bitcoin, especially if the strategic Bitcoin reserve plan is advanced. The Bitcoin bill proposed by Senator Cynthia Lummis suggests using the market value of gold—currently around $688 billion, far exceeding its book value of $11 billion—to acquire 1 million Bitcoins over five years. This could mean that gold would need to be sold at market prices, and the proceeds would be reallocated.

ChainCatcher news, White House AI and crypto chief David Sacks forwarded a tweet from Castle Island Ventures partner Nic Carter, who stated that Trump's signing of the U.S. Strategic Bitcoin Reserve executive order indicates:Trump is fulfilling his campaign promise;Bitcoin reserves are clearly different from altcoin reserves;Bitcoin has received official recognition from the U.S. government, while other cryptocurrencies have not yet received the same treatment;There is no need to spend taxpayer money to purchase Bitcoin, so there may not be strong opposition;Future purchases of cryptocurrencies like Bitcoin may be the responsibility of Congress, which is also reasonable.

According to ChainCatcher news, as disclosed by Alex Thorn, Head of Research at Galaxy Digital, the U.S. government currently has a maximum of 88,000 bitcoins available for reallocation as reserves, accounting for only 43% of its current holdings. This is because out of the approximately 198,000 bitcoins held by the U.S. government, 112,000 bitcoins will need to be returned to the exchange Bitfinex.Alex Thorn stated that the market will understand the difference between "seizure" and "forfeiture." He added that among the cryptocurrencies held by the government, 97.7% are bitcoins, and if WBTC (Wrapped Bitcoin) is included, this percentage will rise to 98%.

According to ChainCatcher news, monitored by Lookonchain, the U.S. government's public wallet currently holds 198,109 BTC (worth $16.92 billion). Earlier today, it was reported that Trump signed an executive order to establish a strategic Bitcoin reserve and will not sell any Bitcoin stored in the reserve.The U.S. government previously transferred about 222,684 BTC (worth $3.28 billion at the time, now worth $19.42 billion) to Coinbase, Coinbase Prime, and other unknown wallets, at an average price of $14,736 per coin. At current prices, the U.S. government has lost approximately $16.14 billion due to the early sale of BTC.

ChainCatcher news, White House AI and cryptocurrency chief David Sacks posted on social media that the executive order signed by President Trump also establishes a U.S. digital asset reserve, which includes digital assets other than Bitcoin seized in criminal or civil proceedings.Apart from assets obtained through the forfeiture process, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department.

ChainCatcher news, White House AI and crypto chief David Sacks posted on the X platform, stating that over the past decade, the U.S. federal government has sold approximately 195,000 bitcoins, generating $366 million in revenue.If the U.S. government still held these bitcoins, their value today would exceed $17 billion, which is the cost of American taxpayers not having a long-term strategy.

ChainCatcher news, under the direction of the U.S. Department of Efficiency, federal agencies in the United States have recently been laying off employees in succession. Despite the increasing number of lawsuits, the government's cuts in funding and personnel seem likely to continue.So far, the long-term impact remains unclear. While the market has reacted negatively to policies such as tariffs, investors do not seem concerned about the federal layoffs; the S&P 500 index has set new highs twice in the past week alone. There are 3 million federal government employees, accounting for about 1.9% of total U.S. employment excluding the military. According to Piper Sandler, as of last Friday, 29,000 federal workers have been laid off. So far, economists have not issued any warnings about this.Stephen Stanley, an economist at Santander Bank, stated, "Federal government layoffs may not have a significant impact on the economy." "Perhaps the federal government's monthly employment numbers will decrease by 5,000 to 10,000 compared to normal, but many of those people should quickly find jobs elsewhere."

ChainCatcher news, according to the WSJ report, the Department of Government Efficiency (DOGE) has found in its investigation that the U.S. government generated $149 billion in improper payments just last year. This is enough to fund NASA for seven years or build 15 aircraft carriers.Medicare and Medicaid lead with over $60 billion in improper payments, followed by tax credits (over $20 billion) and food assistance (over $10 billion). Of the $33.5 billion identified as potentially recoverable in 2024, agencies managed to recover only $22.6 billion.

ChainCatcher news, according to Jinshi reports, on the 15th local time, the U.S. Department of Efficiency led by Musk has sent termination notices to more than ten staff members of the United States Digital Service. This office is an information technology (IT) department of the U.S. President's Executive Office and is now being taken over by the Department of Efficiency.

ChainCatcher news, according to Cointelegraph, the DOGE website led by Musk's U.S. Department of Efficiency is suspected of having security issues. This website mainly tracks federal government spending cuts, but the extracted data seems to come from a database that anyone can edit.

ChainCatcher news, according to an announcement from the U.S. Department of Government Efficiency (DOGE), the department has canceled 167 contracts today, saving approximately $115 million in expenditures. This includes a $2.23 million contract for the "Existing Program Policy Equity Assessment" from the Department of Health and Human Services (HHS).

ChainCatcher news, the official website of the DOGE under the leadership of Elon Musk's U.S. Department of Efficiency has been updated. The homepage showcases content from its official X account and has launched modules such as "Saving," "Workforce," "Regulations," and job recruitment. According to its recruitment information, DOGE is currently seeking full-time paid software engineers, information security engineers, and other technical professionals. However, the updated website has not yet restored the previous logo icon featuring Shiba Inu elements.

ChainCatcher News, the U.S. Department of Efficiency (DOGE) posted on X stating that today, the Department of Education has terminated 29 DEI training grants totaling $101 million.One of the grants aimed to train teachers "to help students understand/explore the complex history involved in oppression and to help students identify areas of privilege and power on both personal and collective bases."

ChainCatcher news, Circle CEO Jeremy Allaire stated on social media: "The U.S. government needs a programmable digital dollar and smart contracts."