Jin Shi issued a reminder stating that Trump will establish a Bitcoin war reserve as scheduled, but the White House cryptocurrency chief revealed that "the government will not purchase any additional assets for the reserve other than those obtained through asset confiscation procedures. This has suppressed the price of Bitcoin. Previously, there were many expectations that the United States would purchase additional Bitcoin to replenish its reserves.

Odaily Planet Daily News: Reporter Eleanor Terrett wrote on X that Trump's executive order established two different digital asset storage mechanisms: 1. The Strategic Reserve only stores Bitcoin (BTC) - considered the best value storage for digital assets Initial funding source: Approximately 200000 bitcoins obtained by the government through criminal and civil confiscation over the years Unique Authorization: Treasury Secretary Bessent and Commerce Secretary Lutnick are granted permission to explore ways to obtain more Bitcoin without increasing taxpayer burden Positioned as a national level digital value reserve 2. The Digital Asset Stockpile includes other digital assets besides Bitcoin, which may include XRP, ADA, ETH, SOL, and other assets Responsible management of government held digital assets by the Ministry of Finance The government will only explore using budget neutral methods to purchase more Bitcoin, and will not actively seek to increase the amount of other digital assets in the reserve pool. The executive order also requires a comprehensive audit of all digital assets currently held by the government to ensure transparency in asset management.

The Ethereum Foundation stated in its official blog that the Mekong development network was originally intended to provide a place for wallet developers to experiment with user experience (UX) changes, while also giving stakers confidence in future Pectra changes. The Pectra network upgrade has been activated on Ethereum's Sepolia and Holesky testnets. These networks can now be used to test the functionality of Pectra upgrades. In view of this, the Mekong test network will be discontinued on March 7, 2025. Encourage application and tool developers to use Sepolia to test applications, smart contracts, and other EVM features. Its licensed validator set provides a stable testing environment. In addition, many local development environments also allow testing of replicas of the Ethereum mainnet state. For stakers and infrastructure providers who are concerned about protocol level testing, it is recommended to wait for the final confirmation of the Holesky testing network or follow the announcement on Ethereum R&D Discord for information on alternative testing locations. For setting up tests for validators, stakers should also consider using the Ephemerie testing website. The network resets once a week and supports lightweight end-to-end testing of the validator lifecycle.

OKX-BTC/USDT is currently trading at $86090.90, with a 24-hour decline of 4.56%. Please pay attention to market fluctuations.

According to BlockBeats, on March 7th, Coinbase director Conor Grogan posted on social media, "According to my estimation, the US government holds 198109 bitcoins. This executive order will reduce selling pressure by approximately $18 billion. According to previous reports, White House AI and Cryptocurrency Director David Sacks posted on social media that "just a few minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve. The reserve will be funded by federally owned Bitcoin, which is part of criminal or civil asset confiscation procedures.