From Cointelegraph

March 21, 2025 12:15:00 PM:

The Trump administration is considering creative ways to grow its Strategic Bitcoin Reserve, including realizing gains on undervalued government gold certificates. Senator Cynthia Lummis’ Bitcoin Act of 2025 proposes using gold certificates for Bitcoin purchases. The US government currently holds approximately 207,000 BTC, making it the largest known Bitcoin holder among nation-states.

The White House’s crypto council head, Bo Hines, emphasized Bitcoin’s unique status as a commodity with intrinsic stored value. The council distinguishes the Strategic Bitcoin Reserve from a digital asset stockpile, which includes large-cap altcoins. The Trump administration is also advancing cryptocurrency legislation, with plans to pass stablecoin and crypto market structure bills this year.

Federal Reserve Bank gold certificates, priced at $42.22 per troy ounce, could be used to acquire more Bitcoin in a budget-neutral way. The Trump administration is exploring various strategies for Bitcoin acquisition, with a focus on innovative solutions that do not impact taxpayers. The administration is seeking bipartisan support for stablecoin and cryptocurrency legislation. 1. The stock market experienced a sharp decline today, with the S&P 500 dropping 2.5% and the Dow Jones falling 3.1%. Analysts attribute the drop to concerns over rising inflation and interest rates.

2. The latest jobs report shows that the unemployment rate has dropped to 4.8%, with 250,000 new jobs added in the past month. This marks a significant improvement in the labor market and signals a strengthening economy.

3. In international news, tensions between Russia and Ukraine continue to escalate, with reports of increased military buildup along the border. The U.S. has expressed concern over the situation and called for a peaceful resolution to the conflict.

4. A new study has found that the COVID-19 vaccine is highly effective in preventing severe illness and hospitalization. The study shows that vaccinated individuals have a significantly lower risk of severe outcomes compared to those who are unvaccinated.

5. In technology news, Apple has announced the release of its latest iPhone model, featuring enhanced camera capabilities and improved battery life. The new iPhone is expected to be a hit among consumers and drive strong sales for the company.

Read more at Cointelegraph

1. Bitcoin hits new record high of $63,000, surpassing previous peak in 2017. Market cap exceeds $1.1 trillion, driven by institutional interest and mainstream adoption.

2. Ethereum price surges to all-time high of $2,500 as demand for DeFi and NFTs grows. Network upgrades and increased investor confidence fuel the rally.

3. Dogecoin experiences 400% price spike following Elon Musk’s SNL appearance, reaching market cap of $70 billion. Retail investors drive frenzy over meme-based cryptocurrency.: Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines