Come join us for the first T3L3 Townhall!
Wen?⏰: Next Saturday @ 12:00 CST (3/9)
Come join the @3L3NFT community members in a referndum on the 3L3s and Web3 discussion! 🐘
https://t.co/ECWPUx6gHZ
⛓️💥 BREAKING ⛓️💥
The Federal Reserve has withdrawn the 2022 and 2023 Supervisory Letters to banks.
The former setting strict guidelines for buying/selling crypto.
The later establishing a nonobjection process for bank engagement in dollar token activities.
@federalreserve announces the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities: https://t.co/v1MwuswOlE
📸 Not your server, not your JPEG 📸
This morning Clone X holders lost the image paired with their NFT.
This is one of the major risks of NFTs that don’t have their image inscribed to the blockchain.
Will this cause a run to collections that don’t rely on a server?
📸 Not your server, not your JPEG 📸
This morning Clone X holders lost the image paired with their NFT.
This is one of the major risks of NFTs that don’t have their image inscribed to the blockchain.
Will this cause a run to collections that don’t rely on a server?
🖼️ NFTs are ¿NOT? Coming Back 🖼️
@RTFKT The producers of the Clone X collection just announced they ��plan to wind down RTFKT operations”.
But could they be winding down right as #NFTs are winding up?
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🚨 BREAKING 🚨
Canary Capital has filed for a $PENGU and @pudgypenguins NFT ETF!
This is the first time a NFT collection has been included in an ETF filing. Which is a game changer for mainstream and even trad fi adoption of NFTs!
Do you think it will pass? If so, will others?
🚨 BREAKING 🚨
President Trump has signed an executive order to officially establish a Bitcoin Strategic Reserve!
Crypto Csar @davidsacks47 has stated that the forfeited $BTC held by the government will be utilized.
He likened this reserve to a “digital Fort Knox”.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”
I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.
🏛️ U.S. Digital Asset Reserves 🏛️
Today @POTUS announced on Truth Social that $XRP, $ADA, and $SOL will be in the U.S. Digital Asset Reserves.
He followed that post by stating $BTC and $ETH will also be apart of the reserves.
These coins have increased 10%-60% on the news.
💳 Blockchain Payment Card 💳
@avax has officially announced their new partnership with @Visa to spend $AVAX anywhere Visa cards are accepted.
This ability to spend your crypto easily is what #Web3 has been yearning for the last few years.
Are you applying for this Avax card?
The Avalanche Card is designed for a world where crypto isn’t just held—it’s used. A new way to connect, without relying on mainstream tools.
Use your AVAX anywhere Visa is accepted, available digitally & physically for ultimate convenience.
🪙 Token Mania 🪙
@doodles has officially announced the launch of their token $DOOD at NFT Paris today.
Seeing as Doodles has built out a large network of NFT shorts, tickets to premieres, and NFT wearables in their Stoodio. The use case of this token could be endless!
⛵️ Fair Seas ⛵️
Incase you missed it. @opensea officially announced that they are launching a token!
They will factor in historical usage allocation and will allow U.S. customers to participate.
Will this bring back an NFT resurgence?
$SEA is coming.
Here are a few things to know:
• Historical OpenSea usage, not just recent activity, will be an important ingredient
• Claim process will be simple and accessible. US users welcome
• We’re focused on long-term sustainability and supporting a healthy, enduring community
• No details on timing yet. We’re taking the learnings from this space and getting it right
As always, only trust updates from @openseafdn and @opensea
🏧 Banking on Crypto 🏧
Yesterday the SEC revoked SAB 121. This rule required that banks holding crypto report the holdings as a liability on their balance sheets.
Without this rule in place, banks will likely enter crypto currencies as an asset.
Adding to the banks value.
🏦 Presidential Working Group on Digital Asset Markets 🏦
Trump has signed an executive order to establish a digital asset stockpile.
The order created a group composed of the White House AI and Crypto Czar as the Chairman, Treasury Secretary, SEC Chairman, and others.
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🚨Breaking🚨
Senator Lummis is officially the chair of the U.S. Senate’s Banking Subcommittee on Digital Assets!
Normalizing blockchain technology and proper regulation is coming!
💵 Loose Lips 💵
Wallstreet must have caught wind of some news on $BTC, because at market opening Bitcoin spiked up ~$3,000 before retracing back to the ~$103k range.
On top of that Senator Lummis (the author of the Bitcoin reserve bill) tweeted that “Big things are coming”.
🏦 XRP Rallies 🏦
$XRP has now blown past $3.00 in a 30% rally on the week.
With rumors of the U.S. President Elect @realDonaldTrump pushing for 0% tax on U.S. based crypto. What do you think XRP will top out at?