Happy Thursday!

Scott Bessent today buried the idea of the U.S. government buying additional Bitcoin for its Bitcoin reserve — here’s what it plans to do instead.

The Trump family continues to get its feet wet in crypto, with Eric and Don Jr. backing a $1.5 billion deal for World Liberty Financial — here’s what you need to know about that.

Plus, the next market surge could hit in days. Join us this Sunday, and Matt Maley will show you how to prepare, what setups he’s watching now and how you can target high-potential trades while managing risk. Seats are limited — secure yours now.

TOP STORY

US Treasury Freezes Bitcoin Purchases — Here's What Scott Bessent Plans To Do Instead

U.S. Treasury Secretary Scott Bessent on Thursday confirmed the government will not be buying additional Bitcoin for its strategic reserve, saying the holdings will grow only through confiscated assets.

Speaking to Fox Business, Bessent also projected that tariff revenues could exceed earlier forecasts, potentially surpassing $300 billion this year.

"We're not going to be buying that, but we are going to use confiscated assets and continue to build that up," Bessent said of the Bitcoin reserve, which he estimated to be worth "somewhere between 15 and 20 billion" at current prices. "We're going to stop selling that."

What does that mean for the price of BTC?

Read the full scoop here. 

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are taking a beating today after a much-hotter-than-expected producer price inflation report: here’s what’s driving the market.

Crypto is trading around historic highs, but that doesn’t mean it cannot go even higher, according to Bitwise’s Matt Hougan: here’s why.

Cardano popped over 10% overnight, leading altcoins (outside of ETH) in gains — are new highs on the cards?

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FINTECH FOCUS

Trump Sons Back $1.5B World Liberty Financial Token Deal

Eric Trump and Donald Trump Jr. joined a Nasdaq bell-ringing ceremony in Times Square on Wednesday, celebrating a major development for World Liberty Financial, the crypto firm they co-founded.

Nasdaq CEO Adena Friedman described the partnership as a milestone that could place the company at the forefront of decentralized finance, Bloomberg reported.

The $1.5 billion arrangement marks a significant departure from traditional corporate crypto strategies, bypassing established digital assets in favor of World Liberty's WLFI token, a project not yet listed on centralized exchanges.

Read the full scoop here. 

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