India’s New Income Tax Bill, proposed in 2025, has raised serious concerns about digital privacy. If passed, the bill would allow tax officials to access individuals’ emails, social media, and trading accounts starting from April 1, 2026. The government claims this measure is necessary to curb tax evasion, but many are worried about potential misuse and privacy violations.
Digital Locks No Longer Safe
Currently, tax officials do not have direct authority to check digital records, which has led to legal confusion. The new bill seeks to remove these uncertainties by officially granting them the power to access:
Email servers
Online banking and investment platforms
Social media accounts
Digital storage and applications
Beginning April 1, 2026, tax officers will have the legal right to investigate a person’s digital presence if they suspect tax evasion.
This means they could check emails, social media activities, bank accounts, trading records, and even personal messages to look for undisclosed income, gold, jewelry, or other valuable assets on which taxes have not been paid.
What does the Law say?
Under the current Income Tax Act, of 1961, officials can enter properties and seize documents if they believe someone is hiding financial details. The new bill takes this a step further by giving them access to digital records.
This means tax officers could check personal messages, emails, and online accounts if they think someone is evading taxes. While the government insists these powers will only be used in serious cases, many people worry about the lack of clear rules.
A Threat to Digital Freedom?
While the bill aims to improve tax compliance, legal experts and privacy advocates worry it could lead to excessive government surveillance. They argue that without proper safeguards, authorities might gain too much control, increasing the risk of harassment and misuse of personal financial data.
Possible harassment of taxpayers
Unnecessary scrutiny of personal information
Threats to digital rights and privacy
Critics fear that businesses and individuals could face unfair investigations, and there are questions about how sensitive data will be handled and protected.
Bill is Currently In a Review
The bill is currently being reviewed by a parliamentary committee, and changes might be made before it becomes law. While the government sees this as a step toward better tax enforcement, concerns over privacy and misuse remain.
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India’s New Income Tax Bill, proposed in 2025, has raised serious concerns about digital privacy. If passed, the bill would allow tax officials to access individuals’ emails, social media, and trading accounts starting from April 1, 2026. The government claims this measure is necessary to curb tax evasion, but many are worried about potential misuse …
PAWS, a popular Telegram Mini App, migrates to Solana in reaction to newly imposed requirements by the social media platform.
Telegram recently introduced a policy mandating all Mini Apps and third-party crypto wallets on its platform to exclusively operate on TON, sparking debates about decentralization and preventing multichain expansion. Under this arrangement, Telegram Mini Apps that operated across multiple blockchains had to choose between running solely on TON or leaving the ecosystem altogether.
Among the apps that faced this dilemma is PAWS, a SocialFi project rewarding users for engagement. Rather than remaining confined to a closed ecosystem, PAWS made the decision to migrate to Solana.
Boosting the Solana ecosystem
Moving PAWS’ quickly-amassed user base of 80 millions to Solana resulted in significant additional traffic and boosted the ecosystem. Since the migration, users downloaded over 9 million Phantom crypto wallets and funded more than 1 million new Solana addresses, all happening before PAWS’ token generation event (TGE).
Non-fungible token (NFT) vouchers offered by PAWS also became a significant presence on Solana-based NFT marketplace Magic Eden, sparking more than 100,000 transactions in two weeks. Such developments showcase that a committed community can follow a project through migration to a different chain if the underlying product remains accessible and engaging.
Value extraction versus value injection
The migration revived a long-standing debate revolving around value extraction and value injection. Many blockchain initiatives rely on short bursts of liquidity or speculative token trading, often resulting in value extraction from underlying ecosystems. These models can drive abrupt capital inflows and outflows, intensifying market volatility and exposing ecosystem participants to sudden risks.
The trend is especially relevant for Solana, where high volatility memecoins and recent rug pulls caused significant capital flight. In contrast, PAWS put emphasis on sustained user participation rather than relying solely on speculative token gains. By presenting a model that focuses on consistent engagement, the project seeks to build an ever-growing community growth.
Building an intellectual property
The Solana migration involves a rebranding process to turn the project into an intellectual property and position it as a long-lasting Web3 brand. Moving forward, PAWS aims to evolve from a viral Telegram application into a full-fledged Web3 brand with multiple revenue streams and strong community loyalty.
To achieve this, the project plans to grow its ecosystem through DeFi integrations, gaming partnerships and social engagement tools. Realizing the multichain possibility is on the radar as well, with plans to expand across Ethereum, layer-2 chains and beyond.
Beyond the crypto space, PAWS seeks to establish itself as a recognizable brand through real-world activations, strategic partnerships and mainstream media presence. A key part of this vision is a sustainable token economy, where holders and community members actively participate in governance and ecosystem development.
The transition from a highly engaged Mini App to a sustainable Web3 brand can set a large-scale example of how meme culture can evolve into a legitimate business model within the crypto space.
The broader significance of PAWS’ transition lies in its potential to set a precedent: Can Telegram’s retail-heavy user base become active participants in permissionless blockchain ecosystems? If successful, PAWS may serve as a model for future Web3 projects looking to bridge the gap between closed platforms and decentralized networks.
Garantex, a Russian crypto exchange under US sanctions, accused Tether of attacking the Russian crypto market.
According to the exchange’s Telegram announcement, Tether has frozen several USDT wallets on the exchange, which are worth over $28 million.
USDT Holders in Russia are At Risk
Garantex stated that USDT stablecoins in user wallets are at risk. Several USDT funds held by users in the exchange have been frozen. To manage the situation, Garantex has temporarily halted all operations.
Co-founder Sergey Mendeleev stated that this action disrupts Russia’s international trade carried out with digital assets.
“We temporarily suspend the provision of all services, including cryptocurrency findings, for a while while we are solving this problem with the whole team. We fight and don’t give up!” Garantex wrote on Telegram.
Further, he warned that the freeze creates difficulties for businesses and financial institutions that depend on crypto to settle international payments.
“While we discussed easing tensions and relaxing sanctions, we were deceived once again. Suddenly, the paradigm shifted: earlier, sanctions were merely glossed over, but now they block without trial or investigation. This is exactly the reality I have warned about for at least two years, yet neither the Central Bank nor the professional community listened,” — wrote Mendeleev.
Mendeleev stressed that the disruption affects Russia’s economic engagements on a broader scale. Western sanctions have forced digital currencies to play a vital role in international settlements. The current incident further complicates those processes.
The exchange’s claim draws attention to mounting regulatory pressure and a growing conflict between US authorities and market players operating in Russian jurisdictions.
Garantex Sanction Explained
State Duma deputy Anton Gorelkin added his perspective on the incident. He pointed out that Tether’s decision reflects a broader trend of pressure applied by Western regulators on crypto infrastructure amid ongoing sanctions.
Gorelkin highlighted that centralized stablecoins like USDT remain particularly exposed to outside control. Despite the blockade, he expressed confidence that it is impossible to completely shut down the Russian crypto market.
Officials charged the exchange with failing to comply with anti-money laundering and counter-terrorism financing rules. US agencies claimed that Garantex played a role in laundering over $100 million linked to hacker groups and dark web transactions.
In March of last year, law enforcement agencies from the US and UK began an investigation into Garantex. They reviewed crypto transactions totaling more than $20 billion made using USDT.
This probe reflects the ongoing tensions between regulators and crypto operators in sanctioned environments.
Cardano is more than just another cryptocurrency. While many blockchain projects focus on hype and speculation, Cardano is different—it’s built for real-world applications that solve real problems.
Cardano’s ecosystem is growing with practical use cases that have the potential to make a lasting impact.
But having great technology alone isn’t enough. To truly make an impact, Cardano needs innovative startups and developers who can build on top of it. That’s where CV Labs comes in—a global blockchain accelerator that is now helping early-stage Cardano projects grow into successful businesses.
Cardano: A Blockchain Built for Real-World Use
Cardano is driving real-world change with:
Financial Inclusion & DeFi: Decentralized finance solutions for saving, borrowing, and earning interest, without a bank.
Supply Chain Transparency: Tracking products from origin to consumer to ensure authenticity and quality.
Decentralized Identity (DID): Digital ID management for secure and efficient identity verification.
Sustainability & Green Blockchain: An eco-friendly blockchain with initiatives like the Cardano Forest project supporting reforestation efforts.
ADA Spotlight: CV Labs is Helping Cardano Startups Succeed
Even with all these real-world applications, building a successful business on Cardano requires more than capital and an idea. Startups need funding, guidance, and connections to grow.
CV Labs is a blockchain startup accelerator with headquarters in Zug, Switzerland—known as Crypto Valley due to its high concentration of blockchain companies. In fact, Zug is the birthplace of another top blockchain – Ethereum.
CV Labs is part of Crypto Valley Venture Capital (CV VC), a firm that invests in early-stage blockchain projects and provides them with mentorship, training, and networking opportunities.
Recognizing Cardano’s potential, CV Labs has launched a specialized accelerator program for Cardano-based startups. This program is designed to give projects building on Cardano the support they need to scale.
What Does the CV Labs Accelerator Offer?
Imagine you’re a founder in web3 launching an early-stage startup on Cardano. The sheer amount of projects can be overwhelming, and founders new to the ecosystem often lack tailored guidance, funding connections, and ecosystem-specific support.
CV Labs solves this by providing its Cardano accelerator with Cardano-specific mentorship, business development training, and direct access to investors, technical experts, and a global founder network.
Mentorship & Business Training: Startups receive 10 weeks of hands-on guidance from blockchain experts, venture capitalists, and experienced entrepreneurs. The program includes workshops on building products, tokenomics, marketing, and investor pitching.
Access to Funding: While CV Labs does not directly give startups large funding rounds, they provide up to $135,000 in seed money and introduce projects to venture capitalists who are looking to invest in promising Cardano startups.
Global Network & Exposure: The accelerator connects startups with industry leaders, giving them opportunities to network with investors and businesses across multiple countries. Participants also get a chance to present their projects at major events like Cardano Summits and Web3 gatherings.
Technical & Legal Support: Startups gain access to expert advice on regulatory compliance, smart contract security, and best practices for building on Cardano.
The CV Labs Cardano Accelerator is a 10-week program designed to fast-track early-stage startups building on Cardano. Offering up to $150,000 in funding (for 6% equity), the hybrid program includes a two-week in-person bootcamp in Zug, followed by eight weeks of remote workshops, culminating in a Demo Day where startups pitch for follow-on funding up to $500,000.
Targeting both Cardano-native projects and Web2 founders transitioning to Web3, the accelerator provides over $200,000 in perks, access to co-working hubs in Switzerland, Portugal, Liechtenstein, and South Africa, and mentorship from industry leaders in cybersecurity, legal compliance, and blockchain economics.
Tapping into Switzerland’s blockchain-friendly regulations and Crypto Valley’s $382.9 billion ecosystem, the program has already helped startups like Maestro raise $3 million. With applications open for May 2025, CV Labs aims to drive innovation, attract top talent, and cement Cardano’s position in Web3.
Success Stories on CV Labs
CV Labs has already worked with dozens of blockchain startups across various industries, and its recent focus on Cardano is bringing more innovation to the ecosystem.
At Cardano Summit 2024, CV Labs helped organize the Battle of the Builders, where Landano—a project focused on blockchain-based land registry—won top honors. This project uses Cardano to digitize land ownership records, reducing fraud and making property transactions more transparent.
Another example is Liqwid Finance, a decentralized lending and borrowing protocol on Cardano. By working with CV Labs, Liqwid Finance gained exposure to a wider investor audience and is now one of the leading DeFi platforms in the Cardano ecosystem.
These success stories show that with the right support, Cardano-based projects can go from ideas to fully operational businesses.
Why This Matters for Cardano’s Future
Cardano has built a secure, scalable, and sustainable blockchain that is already proving useful in multiple industries. But for Cardano to truly fulfill its potential, more projects need to build on it—and they need the right support to succeed.
CV Labs is playing a key role in bringing this future to life. By accelerating early-stage Cardano startups, it’s helping bring more real-world applications to life. These startups are not just creating new business models but also proving that Cardano can compete with blockchains like Ethereum and Solana.
As Cardano continues to grow, expect to see more partnerships, funding opportunities, and innovative projects emerge from its ecosystem. With organizations like CV Labs backing the next wave of startups, Cardano’s vision of a more decentralized, efficient, and inclusive global economy is becoming a reality.
World Liberty Financial (WLFI) is partnering with Sui, adding the token to its “Strategic Reserve.” The two companies plan to work on development opportunities, and Sui’s price has risen 15%.
WLFI is a Trump-affiliated project, but it is completely distinct from the federal government. Its token stockpile may bear a similar name to Trump’s US Crypto Reserve, but investors should be aware that there is no direct connection.
World Liberty Financial to Add SUI In Its Portfolio
“World Liberty Financial has chosen to partner with Sui as their preferred American blockchain. WLFI recognizes what we’ve been building, a blockchain designed for the future of finance that’s fast, secure, and accessible. That’s why our teams are in advanced talks for deeper integration,” claimed Christian Thompson, Sui’s Managing Director.
This partnership will include a few important components. First, WLFI is adding SUI tokens to its treasury as part of the firm’s “Macro Strategy” token reserve.
This is the first step in a broader plan of integration, exploring new development applications. Already, this news has been bullish for Sui, causing a 15% price spike.
Meanwhile, there has been some confusion in the crypto community about what is going on. WLFI is a Trump-affiliated project, and Sui used the phrase “Strategic Reserve” in the headline for its press release and social media.
To be clear, this partnership is completely distinct from Trump’s US Crypto Reserve, which he announced recently.
However, future cooperation here is not completely implausible. Trump wishes to use “Made in USA” crypto projects to fill the Reserve, and Sui certainly qualifies.
At the moment, however, a Sui deal like that is not within WLFI’s power to execute. If the two companies form a solid working relationship, Sui may build its reputation in Trump’s circle, increasing its chances.
World Liberty Financial (WLFI) Crypto Portfolio. Source: Arkham
Nonetheless, WLFI’s “Strategic Reserve” has nothing to do with the federal government, and investors should be aware. As of today, WLFI’s portfolio includes over 20 different cryptocurrencies. The majority of the holdings are in Ethereum, Wrapped Bitcoin, USDT, Tron’s TRX, and MOVE.
Donald Trump’s announcement that the US would create a National Strategic Crypto Reserve that would include Bitcoin and other altcoins sent market prices to the moon. However, the reality behind its creation is far more complicated than what investors’ enthusiasm might indicate.
In an interview with BeInCrypto, Erwin Voloder, Head of Policy of the European Blockchain Association, explained that if the US acquired more crypto beyond the seized assets from law enforcement, it would have to overcome several Congressional hurdles and public scrutiny.
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the US is the Crypto Capital of the World,” Trump posted on Truth Social.
BTC, ETH, SOL, XRP, and ADA prices rose sharply following Trump’s National Strategic Crypto Reserve Announcement. Source: TradingView.
Despite the positive reaction the news had on the market, analysts quickly began wondering how feasible Trump’s promises were and how beneficial they would actually be for further adoption.
Challenges in Defining Reserve Purpose
Establishing a National Strategic Crypto Reserve aims to encourage institutional adoption and influence global crypto regulations. As a national stockpile of digital assets, nations can use this reserve for financial stability, economic diversification, and geopolitical leverage.
“The reserve is intended to position the US as a leader in the digital asset space, ensuring that the nation has a strategic buffer against potential economic and geopolitical risks related to cryptocurrencies. By holding a mix of major cryptocurrencies (including Bitcoin, Ether, XRP, Solana, and Cardano), the reserve aims to serve as a long-term store of value and a hedge against currency devaluation and market volatility,” Voloder told BeInCrypto.
However, Trump’s announcement left analysts and the crypto community with many unanswered questions regarding the reserve’s key operational details.
Legal and Operational Uncertainties
The source of the reserve’s authority is among the points of contention. Some believe a new act of Congress is necessary, while others suggest Trump could establish it through executive powers.
“This uncertainty leaves a major operational detail undefined – without clear legal footing, the timeline and process for setting up the reserve are in limbo, and it could face political or legal challenges if not properly authorized,” Voloder explained.
“Nothing new here. Just words. Let me know when they get congressional approval to borrow money and or revalue the gold price higher. Without that they have no money to buy Bitcoin and shitcoins,” he wrote.
Similarly, though the announcement named five cryptocurrencies that would be incorporated into the reserve, it offered no specifics on allocation or criteria.
“Key questions like how much of each asset to hold, what proportion of the reserve each will comprise, and whether other tokens might be added were left unanswered. This lack of detail means it’s not clear if the reserve will heavily favor Bitcoin as a ‘digital gold’ approach or truly split among multiple assets,” Voloder added.
Another critical operational detail that has yet to be clarified is how the government will secure the custody of these digital assets and manage their associated keys. This complex undertaking requires stringent security protocols to safeguard against hacks and insider risks.
“The announcement didn’t address whether a federal agency like the Treasury or Federal Reserve will directly hold the assets, or if they’ll use third-party custodians, nor how they’ll ensure security and transparency. Failing to define this invites concern over potential cybersecurity risks or losses, which would be both economically damaging and politically embarrassing,” said Voloder.
The Trump administration’s lack of operational details, coupled with the need for strong justification, also creates questions about the urgency of the proposed crypto reserve.
Uncertainty Over Reserve’s Strategic Necessity
Skeptics of Trump’s announcement are raising concerns about the timing and purpose of a crypto reserve.
The federal government establishes reserves, such as the Strategic Petroleum Reserve, to secure essential commodities during economic crises. President Ford created the Petroleum Reserve after the 1973 oil crisis, which continues to be useful today.
“Aside from ‘holding’ crypto, there is no clarity on how the reserve would be managed and under what conditions it might be utilized. For example, strategic reserves (like the oil reserve) are usually tapped during crises or to stabilize markets – but when or why the government would deploy its crypto holdings is not specified,” Voloder said.
Unlike petroleum, which directly impacts the US economy, Bitcoin’s economic role remains unclear. Therefore, its necessity as a strategic asset is questioned. While oil reserves stabilize energy prices during crises, the rationale for a Bitcoin reserve lacks clear economic justification. This inconsistency makes clarifying a crypto reserve’s purpose all the more necessary.
“Is the reserve purely an investment to bolster the treasury long-term, a hedge against dollar inflation, or a tool to intervene in crypto markets during volatility? These questions are unanswered. Without defined objectives and governance protocols, it’s unclear how the reserve will function day-to-day or in emergencies. This vagueness makes it harder for markets to gauge the government’s future actions, while Congress and the public lack insight into the reserve’s purpose, making it harder to build support,” Voloder added.
Given the scenario, many proponents see transferring seized Bitcoin from the Department of Justice to the crypto reserve as the path of least resistance.
Leveraging Seized Crypto Assets
According to CoinGecko, governments worldwide collectively owned 2.2% of Bitcoin’s total supply as of July. Most countries with a crypto stockpile acquired Bitcoin through law enforcement seizures of illicit activity.
The United States currently holds the largest stockpile of seized assets, with approximately 200,000 Bitcoins, worth more than $20 billion at current market valuations. This is a very advantageous starting point for a strategic crypto reserve in the United States.
“In economic terms, this is a significant reserve base that could be allocated to the new Crypto Strategic Reserve without any new purchases. As a selling point, using what the government has already taken from criminals is easier to justify than spending new money. It can be framed as ‘putting seized ill-gotten gains to work for the public good,’” Voloder told BeInCrypto.
Using seized criminal Bitcoin as the primary source for the reserve would have the least disruptive impact on market dynamics since these coins have already been removed from the open market.
Unlike countries like Germany, which have sold off seized Bitcoin, proponents of a US reserve advocate for retaining those assets, effectively removing them from the market indefinitely.
“This could be mildly bullish for crypto prices in the long run, as it removes the overhang of government auctions which in the past have periodically added supply and dampened prices. Not selling seized BTC means avoiding downward pressure that such large auctions might create. However, since the market likely anticipated those coins being sold at some point, the decision to hold is a change – it’s as if a new long-term holder (the government) emerged, tightening supply,” Voloder said.
The move would also avoid causing a sudden spike in demand. In contrast to an active purchasing program, simply reallocating existing holdings into the reserve is a relatively neutral market event.
“The announcement of the reserve itself moved prices due to sentiment, but that was anticipation; the actual act of transferring seized coins to a reserve doesn’t involve buying or selling in the open market. This is a quieter way to build the reserve – it doesn’t expend capital and doesn’t disrupt market pricing through large buy orders,” Voloder added.
However, in his announcement, Trump anticipated buying crypto beyond Bitcoin, implying that the government would need to purchase altcoins from the open market.
Scrutiny Over New Altcoin Acquisitions
The US government’s current cryptocurrency holdings primarily consist of seized Bitcoin and, to a lesser extent, Ethereum. However, it holds no significant reserves of assets like XRP, Solana, and Cardano. Therefore, if Trump effectively diversifies the reserve, these altcoins will have to be acquired.
“This means additional purchases are almost certainly required if those named tokens are to be part of the reserve. The likelihood of new acquisitions for those assets is high, because otherwise the reserve cannot include them as promised. In other words, unless the plan changes, the government would have to go out and buy XRP, SOL, ADA, etc., since it can’t simply reassign seized holdings that it doesn’t have,” Voloder said.
“Key questions like how much of each asset to hold, what proportion of the reserve each will comprise, and whether other tokens might be added were left unanswered. This lack of detail means it’s not clear if the reserve will heavily favor Bitcoin as a ‘digital gold’ approach or truly split among multiple assets. From an economic perspective this also leaves the optimal mix for stability vs. growth potential undefined, and politically, including riskier altcoins could be controversial,” Voloder added.
The announcement of a US crypto reserve that included altcoins beyond Bitcoin also raised concerns among crypto supporters, such as Coinbase CEO Brian Armstrong.
“Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold. If folks wanted more variety, you could do a market cap weighted index of crypto assets to keep it unbiased,” Armstrong said in an X post.
“I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too. But what’s the rationale for an XRP reserve? Why the hell would we need that?” Schiff wrote on X.
Meanwhile, how new Bitcoin and altcoin acquisitions will be funded raises concerns across the community.
Funding the Reserve: Taxpayer Money and Debt
Neither Trump nor Crypto Czar David Sacks addressed how new Bitcoin acquisitions for the crypto reserve would be funded, leaving the public guessing. According to Voloder, the government could take several different avenues. However, all of them involve roadblocks that must be overcome.
One potential funding method is direct allocation for additional cryptocurrency purchases through taxpayer funds or by issuing new Treasury debt. However, both of these options present significant concerns.
“The government could simply allocate funds to buy crypto either by appropriating tax revenue or, more likely, issuing new Treasury debt to raise the money. This means adding to the national debt or diverting funds from other programs. For example, if $10 billion is allocated, that either increases the deficit or requires cuts/taxes elsewhere. Given the huge national debt (~$36.5 trillion) and already hefty interest costs, adding even tens of billions for crypto might be seen as imprudent,” Voloder told BeInCrypto.
Funding new cryptocurrency acquisitions with taxpayer money would likely face strong opposition from lawmakers and the public, creating significant Congressional hurdles for Trump.
“Then there’s the inherently contentious nature of using taxpayer funds for what some may view as political adventurism. Opponents (including some Republicans) already argue that proposals to spend federal funds on bitcoin put taxpayers’ funds at risk, essentially gambling public money on a volatile asset. There would likely be congressional pushback and public skepticism about why tax dollars should buy crypto instead of funding schools, defense, or reducing debt. Unless framed as an investment that will reduce debt long-term (and that argument convinces enough lawmakers), direct funding is a tough sell,” Voloder added.
Meanwhile, the United States has the highest fiscal deficit in the world. Given the current environment, funding cryptocurrency purchases with taxpayer money is hard to justify. Issuing more debt to purchase hoards of volatile assets would not sit comfortably among many.
“If the crypto rises in value long-term, it could pay off; if it crashes, the government (and indirectly taxpayers) eat the loss. This dynamic will be closely watched. In the short run, spending, say, $10 billion on Bitcoin would add $10 billion to the deficit if not offset – not huge in a $20+ trillion economy, but symbolically significant. The market might view a well-funded reserve as bullish, with government skin in the game, but bond investors or credit rating agencies might view it as the state taking on speculative risk,” Voloder said.
New market purchases would also have a significant impact on market dynamics.
Should the government choose to purchase additional cryptocurrency for the reserve through open market acquisitions, the consequences would be substantial. This government buying would introduce a significant new source of demand, potentially driving up crypto prices.
“Actual sustained purchasing, like if the government regularly buys coins, could create an upward price bias – traders might front-run expected government buys, adding to the momentum. This could lead to higher prices in the short term, benefiting existing holders and the government’s own newly bought stash, creating a self-reinforcing effect if timed well. The risk here is the government becoming a sort of market mover,” Voloder explained.
Meanwhile, substantial acquisitions by the US government would also quickly erase a large part of the general market’s supply.
“Given crypto’s relative size, a US government buying program is significant; any hint of policy change such as slowing or stopping purchases could then cause downturns as traders adjust. Essentially, it introduces a new large whale in the market – one whose actions are somewhat predictable or politically driven, and thus subject to speculation. Volatility could increase, as markets swing on rumors of government buying or selling. As skeptics note, due to Bitcoin’s volatility, any government transactions could have outsized price impacts,” Voloder added.
In contrast, Voloder noted that a government sale of its reserve holdings could result in a dramatic market decline.
“Part of the strategic reserve concept is presumably not to sell casually and only in emergencies, but markets will be wary that at extremely high prices or in certain scenarios, the government might liquidate some holdings especially if there’s political pressure to realize gains to pay down debt. That overhang could cap excessive price rises to some extent,” he said.
Given the many obstacles open market purchases of new crypto would face, some proponents have looked into other venues for acquisition.
Exploring Alternative Funding Sources
Other possible sources of funding have surfaced besides using already seized Bitcoin or directly allocating new spending to purchase other cryptocurrencies. However, each has its respective implications.
Proponents have floated the idea to use the Exchange Stabilization Fund (ESF), which can hold foreign exchange currencies. The US Treasury uses the ESF as an emergency reserve to adjust foreign currency exchange rates without directly impacting the domestic money supply.
“Some experts suggest the ESF could directly purchase or hold Bitcoin by executive. The ESF holds several tens of billions in assets including some foreign currencies and special drawing rights that could potentially be shifted into crypto without a new congressional appropriation. Using the ESF would be quasi-off-budget – it wouldn’t require new taxes or debt, which is a political plus (it appears as using existing Treasury resources),” Voloder told BeInCrypto.
The ESF could be used to acquire or hold Bitcoin directly through executive action. Its substantial assets, including foreign currencies, allow for potential crypto allocation without Congressional approval. This ‘quasi-off-budget’ approach, which avoids new taxes or debt by utilizing existing Treasury resources, presents a political advantage.
But this option brings other considerations.
“Economically, however, the ESF is limited in size; it might fund an initial tranche of purchases but not a massive reserve. Also, reallocating ESF assets which currently backstop currency stability into crypto could have knock-on effects – e.g. less buffer for [foreign exchange] crises, and increased exposure to crypto volatility. An ESF maneuver might also draw legal scrutiny: is crypto considered a foreign currency for ESF purposes? and could be criticized as an executive overreach if done without Congress. Still, it’s a possible funding tool that avoids directly raiding taxpayer funds,” Voloder said.
Another rising funding idea is the possibility of selling or revaluing gold reserves.
Gold Reserves as a Potential Funding Source
With approximately 8,133 tonnes, the United States holds the world’s largest gold reserves, representing 72.41% of its total reserves.
In December, Arthur Hayes proposed in a substack article that the Trump administration should devalue gold and use the money to create a Bitcoin reserve. He based his statement on the idea that devaluation would allow the Treasury to generate credit for dollars quickly.
This credit could later be injected directly into the economy. It would also eliminate the need for diplomatic efforts to persuade other countries to devalue their currencies against the US dollar. The larger the gold devaluation, the bigger the credit would be.
Voloder sees some value in this article, arguing that the US can monetize part of its gold stock to fund crypto purchases.
“This could happen in two ways: outright selling a portion of the gold stockpile for cash, or revaluing gold on the balance sheet to create accounting gains that can be leveraged. The idea of revaluing gold by increasing the book value of gold holdings to current market price has been floated as a way to boost the Treasury’s coffers without new taxes. The difference could then be used to buy Bitcoin or other assets. If gold is sold, the US would be swapping one reserve asset for another and diversifying from gold into crypto. This could put downward pressure on gold prices depending on sale volume and upward pressure on crypto from the buying,” he explained.
Meanwhile, revaluing gold rather than selling it avoids a direct market impact on the gold price. This action represents an accounting adjustment that allows the Treasury or Federal Reserve to record a one-time gain.
An Accounting Maneuver
Given that US gold is valued at $42 per ounce—significantly below market price—revaluation could generate hundreds of billions in dollar assets.
The government effectively creates a sovereign wealth maneuver by tying the crypto reserve to gold. Advocates for a US sovereign wealth fund propose using gold’s unrealized gains to fund higher-yield assets, a model that fits a gold-backed crypto reserve.
However, gold hedges against equity market losses and provides stability against volatility. Therefore, reducing the US gold supply to fund a volatile asset will undoubtedly face strong opposition.
A gold sell-off would restructure national reserves, possibly shifting from a stable asset to a more volatile one, raising concerns about increased risk.
“Selling gold could be controversial – gold reserves are seen as sacrosanct by some, and there may be resistance to diminishing them. However, supporters might argue that a modest reallocation in the ballpark of 5-10% of gold into Bitcoin aligns with modernizing the reserve mix for better returns,” Voloder said.
Meanwhile, reevaluating gold instead of outright selling it might be more feasible.
“Revaluation as a funding trick might be an easier sell politically if it doesn’t feel like spending taxpayer money, just ‘unlocking’ value, but some may see it as an accounting gimmick or a form of backdoor money printing,” Voloder added.
Given these drawbacks, some economists have also turned to revenue generated from tariffs on imports as a source of funding for a crypto reserve.
Tariffs as a Revenue Stream
During his campaign and first few months as President, Trump created the concept of an “External Revenue Service.” Under this pretense, Trump proposes collecting tariffs so that “instead of taxing our citizens, we will tariff foreign countries to enrich our citizens,” as he phrased in his inaugural address.
Using the revenue generated from tariffs for the reserve means the funding is essentially from importers and consumers rather than income taxpayers, which Trump sees as politically advantageous.
“In the context of funding a crypto reserve, tariff revenues could be earmarked or redirected to cover the cost of purchases. For instance, a new broad-based import tariff (say 10%) could yield an estimated $300–$400 billion per year, a portion of which might fund strategic initiatives like this reserve,” Voloder said.
“Tariffs act as a tax on imports, which often pass the cost to consumers and businesses – potentially raising domestic prices and inviting retaliation from trade partners. So, while tariffs could generate substantial revenue, they might also slow trade and economic growth if other nations respond or if import costs soar,” he said, adding that “they were a feature of Trump’s trade policy in his first term and often led to trade wars, which can hurt farmers and exporters.”
Meanwhile, lawmakers on both ends of the spectrum have expressed concern that relying on tariffs for revenue is regressive. Some argue that tariffs act as a sales tax on consumers and provide unreliable income.
While presenting tariffs as a burden on foreign entities might appeal to some, it could strain relationships with key trading partners like Canada, Mexico, and China, potentially leading to political complications and required negotiations.
Sovereign Wealth Funds and Long-Term Bonds
Other potential funding mechanisms that have surfaced include creating a US sovereign wealth fund (SWF) and issuing ultra-long-term bonds.
The idea involves monetizing existing US assets to create a SWF capable of investing in cryptocurrency. Unlike traditional SWFs funded by trade surpluses, the US, which suffers from a trade deficit, would leverage government-owned assets like federal land, mineral rights, and spectrum licenses. This process would generate capital for SWF investments in higher-yield holdings like stocks and cryptocurrencies.
“If implemented, this could be a major source of funding– the US has vast assets that, if leveraged, could provide trillions. For instance, revaluing gold could be one component, or issuing bonds secured by future federal revenues, etc. However, a leveraged SWF approach is risky: it’s akin to the government running a hedge fund – borrowing money (or using asset collateral) to buy volatile investments. If those investments like Bitcoin outperform the borrowing costs, the nation profits and debt burdens ease; if they underperform or crash, taxpayers could end up worse off having effectively socialized investment losses,” Voloder told BeInCrypto.
Voloder suggested the administration could fund the crypto reserve by issuing very 50-year or 100-year bonds. These could attract investors and lock in fixed-rate financing. While issuing new debt increases the overall debt, long-term bonds delay repayment. They could free up cash flow if foreign debt holders were persuaded to swap for zero-coupon bonds, potentially freeing up funds for the crypto reserve.
“From an optics perspective, century bonds could be framed as patriotic financing– asking allies or investors to help the US secure its financial future in exchange for a safe long- term instrument. But it might also be seen as a gimmick that only delays debt problems without solving them. Moreover, if tied to funding crypto, critics might argue it’s like trading long-term obligations for a speculative asset. In essence, century bonds could reduce the immediate fiscal pressure by cutting interest costs or spreading out impact, making it easier to justify spending on a reserve now, but they are not free money,” he said.
Another option is the creation of a US Infrastructure Fund (USIF).
The USIF Proposal
Strategists analyzing how to reduce the US’s massive fiscal deficit have proposed creating a USIF. This would allow Treasury bondholders to swap debt for infrastructure equity, reducing interest burdens and creating potential revenue streams, freeing up fiscal space.
USIF offers a dual benefit: infrastructure improvement and debt reduction. Success could indirectly justify allocating funds to a crypto reserve through generated dividends or savings. This approach signals a holistic debt strategy, restructuring obligations to improve the fiscal position and funding strategic investments.
“This is a more roundabout funding path, but it tries to be sustainable. It doesn’t rely on continuous taxpayer infusions, instead using economic growth and reallocated capital to support the reserve. The political benefit is that it sounds responsible – tying the reserve to infrastructure and debt reduction – but detractors might call it overly complicated or doubt its feasibility,” Voloder concluded.
While Voloder believes that there is not one solution to effectively fund a national strategic crypto reserve, different aspects of the various mechanisms he factored in can be employed to responsibly and strategically create a reserve that would have minimal impact on American taxpayers.
Voloder argues that no single solution can effectively fund a national strategic crypto reserve. He believes that combined aspects of various mechanisms can be leveraged to create a reserve responsibly and strategically.
The key, however, is not to fund the reserve using public money.
Minimizing Taxpayer Impact
Today, a critical political gap exists across the United States. Though the Republican Party holds a majority over the House and the Senate, this advantage is razor-thin. Furthermore, Trump does not count on absolute Republican approval over his crypto reserve agenda.
This reality requires careful policymaking, especially considering public opinion on crypto remains fundamentally divided.
Using an unpopular method to finance the acquisition of more crypto for a recently created fund could have unwanted effects on crypto enthusiasts’ long-term goals.
“Many Americans remain skeptical or don’t fully understand it, while a vocal minority are enthusiastic. If taxpayer money is used, those skeptical might react negatively. This could lead to backlash, protests, or demands to halt the program, especially if the crypto market experiences a downturn,” said Voloder, adding that “if one administration uses public money for the reserve, a future administration and especially of another party might reverse course – possibly even liquidating the reserve – if there’s enough public anger or if they view it as misguided.”
Given this reality, critics have already suggested that Trump’s crypto moves could be a payoff to industry backers. If actual taxpayer money is deployed, those critiques would amplify.
“Any hint that the reserve’s creation enriched certain investors or insiders would be a scandal. The conflict of interest angle is real – the Financial Times noted some Trump advisers have crypto investments, raising concerns that official decisions might benefit those insiders. Using public money in this space would demand extreme caution to avoid any appearance of self-dealing. If such allegations arise, it could tarnish the administration and erode trust in the program. Opponents would seize on any whiff of impropriety to attack the legitimacy of the reserve,” Voloder said.
Thus, the administration would also need to develop clear and ethical guidelines for pursuing a National Strategic Crypto Reserve.
XRP price is gaining momentum as optimism drives speculation on its next breakout. After a recent decline, XRP is showing signs of a rebound.
U.S. President Donald Trump revealed five digital assets, including XRP, for a potential U.S. strategic crypto reserve, boosting market sentiment. The upcoming crypto summit on July 7 may further impact XRP’s movement.
If XRP hits $10, holding 100,000 tokens today could reach $1 million. However, market fluctuations and regulations continue to shape its trajectory.
How Much Ripple to Hold for $1M If XRP Price Hits $10
As the crypto market rebounds, experts speculate that XRP reaching $10 could significantly boost holders’ portfolio value.
If the Ripple price reaches $10, it would gain more than a 300% surge from current levels.
The critical question is how many tokens are required today to achieve millionaire status at this projected price point.
To determine the necessary holdings, one must divide $1M by the projected price of $10 per XRP. This results in 100,000 XRP tokens. At the current market price of $2.50 per token, acquiring 100,000 XRP would require an initial capital of approximately $250,000.
Factors That Could Drive Ripple Price to $10
XRP price movement hinges on several factors, including regulatory clarity and broader market trends. The ongoing SEC case remains a crucial element, with Judge Torres’ ruling expected to influence XRP’s regulatory stance.
Former U.S. President Donald Trump is set to host a White House Crypto Summit on March 7, 2025, with Ripple co-founder Brad Garlinghouse among the invitees. The summit could impact sentiment around XRP as policymakers discuss the digital asset industry’s future.
The XRP price may receive support from an overall bullish crypto market approach for
cryptocurrencies. BTC’s return to a price of $100,000 will probably initiate a more considerable surge across the entire crypto market.
The overall value and practicality of XRP payment solutions could improve because of increased adoption from financial institutions.
XRP price growth potential depends on positive regulatory changes and growing market demand and institutional acceptance. Market observers track these market conditions since Ripple continues to deal with industry obstacles that could create further potential developments.
Will XRP Price Hit $3 Level Soon?
As of 6th March 2025, the price of XRP is trading at $2.56, marking a 3% surge in the last 24 hours. The Ripple shows signs of a steady recovery after a sharp correction from $2.2, with bulls attempting to reclaim higher levels.
The crypto market is still in the recovery phase, with BTC hovering above $91k and ETH gaining around 5% in the past day.
The Relative Strength Index (RSI) stands at 58.99, moving above the 50 mark, which signals growing bullish strength.
The Awesome Oscillator (AO) has flipped positive at 0.0827, reflecting a shift in momentum after the recent correction.
If the Ripple price prediction maintains its current trend, it could test the $2.70 resistance. A successful breakout may push the price toward $3.00. On the downside, failure to hold the $2.50 support could trigger a drop to $2.20.
With Ripple reaching a price of $10 each of 100,000 tokens would become worth $1 million. The markets together with regulatory framework while institutional adoption standards function as essential influencing elements. Market participants monitor price changes of XRP because it shows promising opportunities as the cryptocurrency nears its resistance thresholds.
Japan is set to lift the ban on crypto ETFs backed by Bitcoin & Ether as the nation’s ruling party recently proposed a major shift in cryptocurrency policies. Startale Group CEO Sota Watanabe revealed that the nation eyes regulating crypto within a new framework under the Financial Instruments and Exchange Act.
Japan Proposes Regulatory Shift To Jack Up Crypto ETFs
In an X post on March 6, the Soneium contributor firm’s (Startale) CEO revealed that Japan’s ruling party (Liberal Democratic Party) proposed a major shift in cryptocurrency regulations recently. The proposal is to regulate digital assets within a new framework under the Financial Instruments and Exchange Act, offering more clarity.
If approved, this proposal will pave the way for crypto ETFs launch in the Asian country shortly ahead. In turn, the broader market could substantially leverage enhanced regional investor participation, thereby bolstering prices.
With countries such as the U.S. forging ahead with pro-crypto regulations, Japan is initiating efforts to not lag in the race. So far, the U.S. marks a monumental stride with its looming crypto summit and a digital asset reserve in the pipeline.
Nevertheless, other developments suggesting a more pro-crypto approach by the Asian country amid a global shift have followed.
What’s More?
According to Startale CEO, cryptocurrencies are likely to be regulated ‘not as a security’ under the new proposal. Besides, it is to be regulated as a new asset with a new framework within the Financial Instruments and Exchange Act.
The Japanese government is already in talks with industry leaders to forge ahead with the same. Also, Sota Watanabe revealed that tax deductions from 55% to 20% seem up for grabs with the new regulatory proposal.
Altogether, the paradigm shift in regulatory policies underscores the nation’s growing support for digital assets, and thus crypto ETFs. Not long ago, CoinGape reported that Japan rejected Bitcoin national reserve plans, citing the broader sector’s volatility.
Stablecoin Advancement Adds To Pro-Crypto Wave
Also, the crypto subsidiary of Japan’s SBI financial services revealed that it will soon support Circle’s USDC stablecoin transactions. Starting March 12, SBI VC Trade is expected to offer users the first USDC transaction. This development, contrary to the country’s previous ban on stablecoin backed by foreign countries, also signaled growing support for crypto.
In response, market participants weigh substantial optimism over crypto ETFs launch in the country ahead. The nation’s financial regulator, Financial Services Agency (FSA), could uplift the ban on Bitcoin ETF & Ether ETF sooner than expected. Meanwhile, the proposal comes amid a broader crypto market recovery trend, sparking investor discussions globally.
Shiba Inu price saw a massive price increase in 2021 when Vitalik Buterin burned 410 trillion SHIB tokens sent to him by developers. This burn process led to SHIB erasing three zeros from its price within a short time. Since then, the SHIB community has been conducting regulator SHIB burns and increasing utility in an attempt to push Shiba Inu price to $0.01. In this article, we explore why SHIB price may never rally to $0.01.
At press time, Shiba Inu price trades at $0.0000135 after a 3.5% rise in 24 hours.
Why Shiba Inu Price Will Never Hit $0.01
Shiba Inu price faces several obstacles in its path towards $0.01. As these factors continue to weigh on the price, SHIB may continue to record an underwhelming performance.
Shiba Inu’s Massive Supply of 589T Tokens
One of the reasons why SHIB price may never reach $0.01 is the massive circulating supply of 589 billion tokens. For SHIB to reach $0.01 with this supply, its market capitalization would reach $5.89 trillion.
For context, the total supply of the crypto market is around $3 trillion. Therefore, for SHIB to reach $0.01, it would have to outperform Bitcoin, Ethereum, and the entire market. This is currently unlikely to happen in the near term due to a lack of institutional interest that shows a bearish Shiba Inu price forecast.
A Slow SHIB Burn Process
The other reason why the Shiba Inu price will never reach $0.01 is the slow SHIB burn process. The Shiba Inu community has been conducting regular token burning to reduce the supply. Recently the Shiba Inu burn rate soared by 5,000%, but the supply remained significantly high.
Data from Shibburn shows that the burn rate is dropping again. This lack of a sustained surge in the burn rate will keep Shiba Inu’s supply elevated and prevent it from reaching $0.01.
SHIB Burn Rate
Lack of retail and institutional interest
Shiba Inu price may also fail to rally to $0.01 due to a lack of institutional interest. Despite being the second-largest meme coin after Dogecoin, Shiba Inu has yet to get a spot ETF filing. This may hinder significant price gains.
Additionally, new meme coins are getting much retail interest compared to Shiba Inu. As traders flock to new meme coins for quick gains, it diminishes SHIB chances of reaching $0.01.
Shiba Inu Price Analysis
Shiba Inu price is under bearish pressure despite its recent gains. The meme coin is trading within a falling parallel channel, indicating that bearish trends are prevalent. This could trigger further losses.
The RSI has been fluctuating below 50 for the past month indicating a lack of buyer interest. The ADX is also rising, which also shows that the bearish momentum shown in the falling wedge pattern is gaining strength.
If these bearish trends continue and the SHIB price loses support at $0.0000128, it could push the prices lower, possibly to the $0.000009 level.
SHIB/USDT: 4-hour Chart
SHIB’s technical outlook shows a bearish picture that may affect its short-term price outlook. Additionally, the slow burn rate, vast supply, and lack of demand make it unlikely for SHIB to reach $0.01 in the long term.
MEXC, in a big move to bolster the security of its platform, has joined forces with Hacken, a prominent blockchain security firm which has worked with major exchanges, DeFi projects, and blockchain firms, including Binance, CoinGecko, Avalanche, and now MEXC.
This comes after Crypto Exchange security has emerged as a critical point of safety for users’ digital assets following the $1.5 billion Bybit Heist that has shocked the industry.
As part of the collaboration, MEXC’S partnership with Hacken will work towards providing a safer trading environment for its users amid rising cybersecurity threats in the crypto industry.
After MEXC announced the partnership, its native token, MX, witnessed slight increase of 0.01% and is currently trading at $3.12. Though the immediate impact on MX token price is modest, strengthened security measures may lead to increased user confidence over time, potentially enhancing the token’s value and utility within the MEXC ecosystem.
How can this new partnership with Hacken strengthen Security
Hacken is a renowned name in the blockchain security sector, offering a suite of cybersecurity solutions tailored for Web3 businesses. With a strong track record in auditing smart contracts and identifying vulnerabilities in blockchain protocols, Hacken has established itself as a trusted security partner for numerous crypto projects.
Hacken conducts penetration testing (ethical hacking) for crypto exchanges, DeFi platforms, and Web3 applications. This process involves simulating cyberattacks to identify and fix potential security weaknesses.
It also provides in-depth risk assessments of blockchain networks and protocols. It evaluates consensus mechanisms, governance models, and transaction processing to ensure their resilience against threats.
WEB3 Firms availing Hacken’s Security Services
Implications for MEXC’s Security
The partnership with Hacken is designed to reinforce MEXC’s security infrastructure through cutting-edge blockchain security solutions, including smart contract audits, penetration testing, and continuous risk assessment.
Hacken will conduct a comprehensive security assessment to ensure that MEXC’s trading platform’s infrastructure remains protected from vulnerabilities and cyber threats.
The assessment will focus on various critical areas, by helping MEXC in identifying and addressing vulnerabilities across web applications, mobile apps, and APIs. Hacken will also assess encryption measures to prevent data leakage on MEXC’s trading platform, while safeguarding session management to prevent hijacking and fixation attacks. It will further work in verifying that user inputs are sanitized to prevent injection attacks.
Notably, in July 2021, KuCoin engaged Hacken for an in-depth security assessment to bolster its cybersecurity framework. Further, it has also worked with top-tier exchanges such as Binance, OKX, among others.
By leveraging Hacken’s expertise, MEXC aims to proactively identify and mitigate potential vulnerabilities, ensuring that its platform remains resilient against cyber threats.
Exciting news! #MEXC is partnering with @hackenclub to boost platform security!
With #Hacken’s expertise, we’re enhancing asset protection, ensuring a safer trading experience for all.
MEXC implements multi-layered protection measures such as cold storage for assets, two-factor authentication (2FA), and real-time monitoring for suspicious activities. The integration of Hacken’s security services will further solidify these defenses, reducing the likelihood of breaches and unauthorized access.
By undergoing rigorous security audits and assessments, the exchange is aiming to provide traders and investors with confidence in the integrity of its platform.
The cryptocurrency industry has been facing an increasing number of cyberattacks, with hackers targeting exchanges, DeFi protocols, and wallets. High-profile breaches have resulted in the loss of millions of dollars, highlighting the urgent need for robust security measures.
As cyber threats become more sophisticated, partnerships like this one will be essential in fortifying the crypto industry against potential attacks.
Thus, the partnership between MEXC and Hacken comes as a testament to the growing emphasis on security in the cryptocurrency space. As the industry continues to evolve, security will remain a top priority for exchanges looking to maintain user trust and safeguard digital assets. With this collaboration, MEXC is setting a benchmark for security standards, ensuring that its users can trade with confidence in a secure environment.
Exciting news! 
