Peter Schiff has confirmed that the U.S. government will not be purchasing Ethereum (ETH), XRP, Cardano (ADA), or Solana (SOL) for its crypto holdings. Instead, the recently established Strategic Bitcoin Reserve (SBR) will consist solely of seized Bitcoin (BTC), reinforcing its status as the dominant digital asset. While the executive order signed today leaves room for potential Bitcoin purchases, these would likely require congressional approval.
Altcoins Are Excluded from the Reserve
Earlier reports had suggested that a “crypto reserve” might include XRP, ADA, SOL, and ETH, causing a surge in their prices. Meanwhile, as per today’s update, the U.S. government has created a Digital Asset Stockpile for altcoins like XRP, Ethereum, Cardano, and Solana, but it won’t buy more—it’s only keeping what’s seized through legal actions. Managed separately by the Treasury, these assets may be held or sold based on regulations. Meanwhile, Bitcoin gets a dedicated Strategic Bitcoin Reserve (SBR), reinforcing its status as a key asset. An audit within 30 days will reveal the government’s total crypto holdings and organize them into the appropriate reserves, highlighting Bitcoin’s priority over altcoins.
However, Schiff clarified that the government will not be actively acquiring these assets. Instead, the government will create a separate “Digital Asset Stockpile” for forfeited altcoins, but no new tokens will be added beyond those already seized.
Moreover, data from Arkham also confirms the U.S. owns zero XRP, SOL, and ADA, meaning the earlier expectation of a broader crypto reserve has been completely dismissed.
Whereas, crypto analyst Moon Lambo suggests the U.S. might already own some XRP, ETH, ADA, or SOL from lesser-known forfeitures, but if so, the amounts are likely very small and insignificant.
The United States could own a bit of all of those coins right now from forfeitures that we’re unaware of. There may be court cases that weren’t highly publicized that we haven’t heard about.
Even if so, I suspect the amounts of these coins held will be pretty miniscule.
The U.S. government currently holds close to 200,000 BTC, obtained through various seizures. While this Bitcoin reserve remains the primary focus, the government also possesses around $176 million worth of ETH and $27 million worth of BNB. However, XRP, ADA, and SOL have not been forfeited, raising questions about their inclusion in the stockpile.
Market Reactions and Future Implications
The crypto community, particularly Bitcoin advocates, have praised the government’s move, as it differentiates BTC from other cryptocurrencies. This development strengthens Bitcoin’s perception as “digital gold” and further legitimizes it as a strategic asset. However, the exclusion of major altcoins has disappointed investors who previously speculated on their inclusion.
Moving forward, the government’s approach to crypto remains a key area of interest, especially regarding whether Bitcoin purchases will be approved and how the Digital Asset Stockpile will be managed.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
The non-fungible token (NFT) sector experienced explosive growth in 2021. Artists, investors, and collectors were all swept up in the frenzy. Yet, its meteoric rise was followed by a downturn, prompting questions about the sector’s sustainability.
Alexander Salnikov, co-founder of Rarible, believes the market is not facing a collapse but rather a shift. In an exclusive interview with BeInCrypto, Salnikov offered his perspective on the state of NFTs in 2025 and their role moving forward.
Are NFTs Still Relevant in 2025, or Have They Run Their Course?
The rise of NFTs, fueled by excitement and speculation, was inevitable for a market experiencing such rapid innovation. Nonetheless, like many emerging technologies, this early surge was followed by a correction. The hype gave way to the realities of market maturation and sustainability.
According to the latest report by DappRadar, the art NFT market saw an impressive surge in 2021, with trading volumes reaching $2.9 billion. However, by the first quarter of 2025, the trading volume was recorded at just $23.8 million, marking a 93% decline.
NFTs Trading Volume Over the Years. Source: DappRadar
Similarly, the number of active traders peaked at a record high of 529,101 in 2022. Yet, this figure sharply declined by 96%, with just 19,575 active traders remaining by Q1 2025.
A previous industry report from DappRadar revealed that the underwhelming performance wasn’t just a trend in 2025. In fact, 2024 was one of the worst-performing years for the NFT market since 2020. In addition, BeInCrypto also reported on a study that revealed 98% of NFT projects launched in 2024 were essentially “dead.”
Despite the decline, Rarible’s Salnikov has maintained a positive outlook for the sector. He emphasized the importance of a clear purpose when it comes to NFTs.
“Once upon a time, after the .com burst, the headlines rang that the internet was only a fad. But as more companies integrated the technology into everyday use cases, it became ingrained as a part of life,” he told BeInCrypto.
“The speculative phase had its moment, but now we’re watching NFTs evolve into actual infrastructure—tools creators use to build communities, products, and new digital economies,” he said.
NFTs Beyond the Hype: Unlocking Real-World Utility
Salnikov stressed that utility in the NFT space is no longer a distant concept—it is happening right now. Creators are using NFTs for membership, brands for loyalty programs, and games for player identity.
He pointed to a growing convergence between the digital and physical worlds, with NFTs being tied to merchandise, events, and even real-world assets. Binance Research’s April 2025 report further corroborates this trend.
The report spotlighted several real-world partnerships, indicating interest in NFTs. Examples include Azuki’s physical-backed NFT with Michael Lau, The Sandbox’s Jurassic World collaboration, EGGRYPTO’s anime characters with Eparida, and Sony’s Soneium platform partnering with LINE to create Web3 mini-apps.
“The next wave of growth isn’t about chasing a trend—it’s about unlocking new types of ownership and access that feel native to the internet generation,” noted Salnikov.
While this perspective offers optimism, the reality for many companies is quite different. Due to low trading volumes, major platforms like Bybit, X2Y2, and Kraken have resorted to discontinuing their NFT services.
Those that didn’t shut down explored alternative avenues. For instance, Magic Eden expanded beyond NFTs with the acquisition of Slingshot. Nevertheless, Salnikov dismissed this strategy, commenting,
“We’re not trying to bolt on non-NFT features just to stay busy—we’re building NFT commerce that actually fits the communities using it.”
He explained that this approach uses modular, customizable on-chain marketplaces. Creators can tailor them to fit their specific audiences, whether it’s a gaming project, an L3, or a legacy brand.
“NFTs are the feature—they just need the right framing,” the Rarible co-founder stated.
When Fame Fades: The Diminishing Returns of Celebrity-Backed NFTs
In January 2022, Bieber spent 500 ETH (approximately $1.3 million at the time) on Bored Ape #3001. This NFT is from Yuga Labs’ Bored Ape Yacht Club (BAYC) collection.
However, according to the latest data, the NFT is worth only 13.51 WETH (around $24,174), a decline of 98.1%. Although the singer hasn’t sold his NFT, it has received little attention lately, with no promotional efforts or notable discussions around it.
Thus, while celebrities can bring attention to NFTs, this highlights the need for substance beyond the name itself. As Salnikov pointed out, celebrity involvement in the sector is fleeting.
According to him, a celebrity name alone can’t replace genuine creative direction or a strong community.
“Celebrity drops will come and go—it’s the culture behind them that determines if they stick,” he remarked.
He argued that celebrities treating NFTs as mere merchandise deters audiences. Nevertheless, when an NFT drop is intentional and truly taps into something meaningful like music, fashion, or fandom, that’s where the lasting value is found.
“We’re way more interested in working with creators who are building for the long haul than just chasing headlines,” Salnikov disclosed to BeInCrypto.
The executive also outlined the need for a more accessible and user-friendly approach for attracting interested users. He detailed that onboarding users should not feel “like a tech demo.” Salnikov pointed to Rarible as an example.
According to him, Rarible focuses on ensuring that each marketplace built on its platform is a product people genuinely want to use. This involves features such as fiat onramps, low-cost mints, a clean user interface, and, most importantly, content that resonates with users.
“We’re not selling NFTs—we’re powering experiences that just happen to be onchain,” Salnikov concluded.
While the NFT market faces ongoing challenges, it remains to be seen whether the industry is entering a new phase of growth or if further obstacles lie ahead in its evolution.
Two initiatives to pass a state-level Strategic Bitcoin Reserve have failed in Florida, marking another setback for the nationwide movement. Nonetheless, several other active proposals remain.
Between this failure and Arizona’s recent veto, momentum might be slowing. Utah passed a Bitcoin-centric bill after totally excising Reserve-related language, but there’s been no unambiguous victory anywhere in the US.
“Both Florida’s Bitcoin Reserve Bills have failed. The legislature adjourned its 2025 session on May 2, without passage of the bills. HB 487 and SB 550 have been ‘indefinitely postponed and withdrawn from consideration,’” claimed a crypto policy watchdog.
Technically, Florida’s Bitcoin Reserve bills accumulated bipartisan support in their first appearance. This is a critically useful tool for passing crypto-friendly regulation, but Florida’s support was fragile.
Their sponsor, Webster Barnaby, faced overwhelming skepticism at the time. Although he convinced them on the day, his words didn’t carry far.
The other might stand a better chance of receiving approval, but there’s no definite way to know. The main difference between the two involves funding.
State Reserve Race Update:
Both Florida’s Bitcoin Reserve Bills have failed.
The legislature adjourned its 2025 session on May 2, without passage of the bills.
HB 487 and SB 550 have been “indefinitely postponed and withdrawn from consideration.” pic.twitter.com/9TslaU80JW
As Florida’s Bitcoin Reserve bills quietly died in committee, it’s difficult to analyze a definite reason for their failure. Many state-level bills have been plagued by concern from fiscal conservatives unwilling to invest tax dollars in cryptocurrency.
This belief certainly has bipartisan buy-in; it’s been a feature of questions in Florida, the veto in Arizona, and other failures nationwide.
There are still a few active proposals, but their future is looking increasingly uncertain. The most hopeful prospect, in Utah, did technically become law, but only after shedding all mention of a Bitcoin Reserve.
Utah passed Bitcoin-friendly regulation, but refused this more ambitious task. If these failures continue, it may blunt momentum nationwide.
FXGuys ($FXG) draws interest from institutional investors with its proprietary trading model. With features designed to support institutional trading, the prop firm is shifting the market’s focus from top altcoins like Pepe (PEPE) and Bittensor (TAO). Consequently, it is cementing its reputation as the best crypto trading platform for institutional use.
Here, we will discuss why institutional investors are turning their gaze away from PEPE and TAO to $FXG!
Institutional Players Turn to the FXGuys Prop Firm For Its Unique Crypto Trading Features
FXGuys presents a new approach to crypto trading structured to meet institutional standards. Institutional players seek reliable, structured, and well-regulated portfolio management platforms, and FXGuys fits the bill.
By providing institutional-grade liquidity, analytics tools, and advanced AI-powered trading, FXGuys has established itself as a game-changer in the crypto industry. Unlike most startups, the crypto trading platform is creating an environment that optimizes performance at an institutional level.
The prop firm’s proprietary model allows it to back skilled traders with capital to scale up their strategies. This setup will enable users or institutional traders to leverage their expertise without risking personal funds. Up to $500,000 can be accessed from this initiative, with users keeping 80% of the profits.
It’s not enough to stash your money away. Accessing it when needed is just as critical, and FXGuys affords users that luxury. The FXGuys prop firm can process large transactions in less than a day, making it suitable for institutional use.
That’s not all. Its support for over 100 fiat currencies reduces cross-border challenges, making it more versatile for global use.
Another key advantage is its staking feature, which allows $FXG holders to earn a share of 20% of the profit generated from its annual trading volume. Those seeking additional revenue sources can capitalize on this.
While PEPE and TAO offer investors short-term gains, institutions prioritizing long-term stability and opportunities are turning to FXGuys. The FX Guys BETA trading platform is currently available for free trial.
PEPE has shed all gains from the latest market uptick as sellers jump back in. Just days after the rally, the frog-themed meme coin manifested a new zero after dipping 17.44%.
This decline brought PEPE to its lowest point in the last 30 days. Over the last 30 and 90 days, the meme coin has lost 43.2% and 66.8% of its market value, respectively. As the sell-off intensifies, all metrics are in the red for PEPE.
The Relative Strength Index (RSI) for PEPE now sits at 33, suggesting the asset may be oversold. With few buyers stepping in, PEPE’s fate is uncertain, causing investors to turn to $FXG. Currently, PEPE is trading at $0.00000715, reflecting a 15.68% decline over the past week.
Bittensor’s TAO Heads Toward Key Support Level: Will It Hold?
Bittensor is nearing a critical support level as the broader market downturn continues. This level has previously served as a floor for TAO, where the price has constantly rebounded. With TAO approaching this mark, technical analyst Crypto Jobs shares his take on what to expect.
Taking to X on March 4, 2025, the analyst alleged the possibility of a trend reversal despite the current market mood, highlighting underlying technical indicators to support this view. Yet, the 15-minute timeframe of TAO suggests the asset is bearish.
Now, traders are monitoring the $266 to $260 support levels as the price nears these levels. Given the uncertainty of what to expect, Bittensor investors are shifting their attention to FXGuys. But, for now, TAO is worth $295, having lost 19.77% of its market value over the week.
The $FXG Presale is Set to Melt Faces With Massive Returns
Early investors in the ongoing FXGuys public presale have amassed significant profits from the first three stages. Private round investors are up 233% in gains, Stage 1 investors have realized a 66% ROI, and Stage 2 investors are enjoying a 25% profit.
In Stage 3, new investors can secure at least a 100% ROI by investing in $FXG at its current price. $FXG currently sells for $0.05 in Stage 3 of the public presale.
There is speculation that this token could potentially soar 100x in price following its exchange listing. With institutions backing it, this projection could materialize.
Therefore, you can’t afford to miss this opportunity to become crypto-rich; buy $FXG now.
To find out more about FXGuys follow the links below:
The post FXGuys ($FXG) Sees Growing Market Attention Ahead Of PEPE And Bittensor As Institutional Investors Show Interest appeared first on Coinpedia Fintech News
FXGuys ($FXG) draws interest from institutional investors with its proprietary trading model. With features designed to support institutional trading, the prop firm is shifting the market’s focus from top altcoins like Pepe (PEPE) and Bittensor (TAO). Consequently, it is cementing its reputation as the best crypto trading platform for institutional use. Here, we will discuss …