ChainCatcher news, according to Cointelegraph, Professor Yu Xiong, Dean of the School of Blockchain and Metaverse Applications at Surrey University, conducted an in-depth analysis of the inclusion of cryptocurrencies in national-backed reserves, calling it a "double-edged sword" with clear advantages and disadvantages.Xiong pointed out that the main advantage of a multi-asset reserve is the provision of more diverse options, reducing over-reliance on Bitcoin, which currently accounts for about half of the total cryptocurrency market capitalization. "The DeFi ecosystem of Ethereum (with a total locked value of about $50 billion) and the high-speed transactions of Solana (65,000 TPS) represent technological diversity." He added that the inclusion of altcoins also acknowledges the broader application scenarios of blockchain, such as Ukraine raising $135 million in crypto donations through coins like ETH and SOL after being invaded by Russia in 2022.However, Xiong emphasized several potential risks. The first is regulatory uncertainty, as the SEC is still in litigation with Ripple, "the government holding these tokens may face opposition." The second is liquidity risk; due to the low trading volumes of these coins, government purchases or sales could lead to significant price surges or drops. In the last 24 hours, Bitcoin's trading volume was $54.8 billion, while ETH was $23.4 billion, XRP was $5.5 billion, SOL was $5.4 billion, and ADA was $3.6 billion, which may indicate that some altcoins "lack the depth for large-scale reserves."Regarding concerns about market manipulation, Xiong stated, "The market disruption caused by the U.S. Treasury's sale of 30,000 Silk Road Bitcoins in 2014 was minimal, but today, selling 3% of the Bitcoin supply (about $5.5 billion) could lead to a 15% price drop."On the potential impact of U.S. crypto reserves, Xiong believes it will provide strong support for the crypto and blockchain industry, marking an increase in institutional acceptance and accelerating the adoption of traditional financial companies, similar to how BlackRock attracted $18 billion in assets under management within six months after launching a Bitcoin ETF. He stated, "U.S. reserves may mimic the role of the Strategic Petroleum Reserve in energy security, positioning cryptocurrencies as geopolitical tools."Xiong also warned that the crypto market remains fragile, with Bitcoin's annualized volatility fluctuating between 30% and 60% over the past year, while oil volatility is below 35%. Higher volatility raises concerns about manipulation or unintended market distortions.Regarding the impact of U.S. crypto reserves on the crypto and blockchain industry, Xiong summarized it as "short-term optimism, long-term caution," believing it could provide "cover" for institutional investors like pension funds. "If the U.S. government deems it appropriate, then corporate treasuries and institutional investors may also find it appropriate. The $50 trillion managed by pension funds and insurance companies globally may increase their allocation to cryptocurrencies," Xiong stated, similar to the situation after the approval of Bitcoin ETFs in early 2024.

ChainCatcher news, after U.S. President Trump announced the advancement of a cryptocurrency strategic reserve including BTC, ETH, XRP, SOL, and ADA, the SoSoValue index token MAG7.ssi has surged over 18% in the past two hours.It is reported that MAG7.ssi is an index token issued on the Base chain, covering the top seven cryptocurrencies by market capitalization, including the five tokens mentioned by Trump. Following this news, XRP within the index briefly rose by 32%, and ADA soared by 67%, driving the overall increase of the MAG7.ssi index fund token.As of now, the TVL (Total Value Locked) of the SoSoValue index token MAG7.ssi has reached $153 million, with a total of 162,522 holders. Additionally, the SoSoValue platform token SOSO has increased by over 15% within an hour.

ChainCatcher news, in the Space hosted by Wu Shuo and Cobo, Shen Yu recalled for the first time the scene of 12,000 ETH being stolen last year: at that time, Eigenlayer was airdropping tokens, and his physical condition was not ideal. He clicked on a wrong link, which had issues. Although there were risk controls for the domain name and DNS resolution, it was just bypassed. The hardware wallet was a blind sign, and he didn't check it carefully. It was likely North Korean hackers, and it couldn't be recovered. But later, it was found that the safe multi-signature issue was even more serious, with almost every transaction being a blind sign.Shen Yu stated that in the face of national power, trained since his teens, penetrating enterprises, and the challenges of human nature, the industry needs to have a clear awareness. When facing such opponents, even a slight relaxation of human nature is not acceptable; very resilient means and methods are needed, and possibly an independent third party may need to join in security management.Regarding expectations for the market this year, Shen Yu mentioned that it might be in the second half of the year, around June to October, after the U.S. national reserve becomes clearer, that the industry market will see a significant influx of new funds. As for the transition between bull and bear markets, it is difficult to judge; the key depends on whether there will be results from the U.S. national reserve this year. If there are no results, the bull market may end, but at this moment, the probability of it passing is still relatively high.

ChainCatcher message, the probability of predicting that the United States will establish a Bitcoin national reserve by 2025 on Polymarket has reached 41%.Previously, it rose to 65% on January 17. As of now, the total trading volume for this prediction has reached $722,000.

ChainCatcher message, the probability of predicting "the United States will establish a Bitcoin national reserve by 2025" on Polymarket has reached 51%, down about 14% from the previous high of 65%. Currently, the total amount of bets on this prediction has reached $581,400, with a deadline of December 31, 2025.The criterion is that the U.S. government holds any amount of Bitcoin in its reserves, excluding Bitcoin seized by the U.S. government. The main sources for determination will be official information from the U.S. government or the Federal Reserve, and credible reports with consensus recognition will also be referenced.

ChainCatcher message, the probability of predicting "the United States will establish a Bitcoin national reserve by 2025" on Polymarket has reached 55%.As of the time of publication, the total trading volume for this prediction has reached $531,500.

ChainCatcher message, Shenfish shares the main opportunities and challenges in the crypto market for the next 18 months on social media:Bitcoin (BTC) Key Drivers:MSTRs are making significant entries, with continuous inflow of BTC funds;The implementation of U.S. national reserve policy, with other countries likely to follow suit.Ethereum (ETH) Important Turning Points:Approval of Staking ETFs;RWA accelerating on-chain, traditional financial assets embracing blockchain;AI technology driving ecological innovation.Solana (SOL) Breakthrough Opportunities:Approval of ETFs;Significant improvement in network scalability;Further expansion of AI application scenarios.

ChainCatcher news, Trump has signed an executive order to establish a Presidential Digital Asset Market Working Group. The task of the working group is to develop a federal regulatory framework for managing digital assets (including stablecoins) and to assess the creation of a strategic national digital asset reserve. The working group will be chaired by the White House's "AI and Cryptocurrency Czar" David Sacks, with members including the Secretary of the Treasury, the SEC Chair, and heads of other relevant departments and agencies. The executive order directs departments to propose recommendations to the working group regarding any regulations and other agency actions that should be rescinded or modified that impact the digital asset sector.Additionally, the executive order prohibits agencies from taking any action to establish, issue, or promote central bank digital currencies (CBDCs). The order also rescinds the previous administration's "Digital Asset Executive Order" and the Treasury's "Framework for International Engagement on Digital Assets," stating that these two executive orders stifled innovation and harmed America's economic freedom and global leadership in the digital finance space.Previously, news reported that U.S. President Trump stated he was signing executive orders related to AI and cryptocurrency.

ChainCatcher news, according to Bitcoin Magazine on the X platform, Venezuelan opposition leader María Corina Machado has proposed using Bitcoin as a national reserve asset.

According to Chain Catcher news, as reported by Cointelegraph, Myanmar's Minister of Planning of the National Unity Government, Tin Tun Naing, stated that they are considering using the country's frozen national reserves as asset backing for issuing a central bank digital currency (CBDC). These reserves have been frozen since February 2021 in accounts at the New York Federal Reserve Bank in Singapore, Thailand, and Japan, potentially amounting to billions of dollars. (Cointelegraph)