{"id":1236252,"date":"2025-03-02T18:29:00","date_gmt":"2025-03-02T23:29:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1236252"},"modified":"2025-03-02T18:29:00","modified_gmt":"2025-03-02T23:29:00","slug":"trump-names-cryptocurrencies-for-digital-asset-stockpile-in-social-media-post","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1236252","title":{"rendered":"Trump Names Cryptocurrencies for &#8216;Digital Asset Stockpile&#8217; in Social Media Post"},"content":{"rendered":"<div>Despite a January announcement that America would explore the idea of a national digital asset stockpile, the exact cryptocurrecies weren&#8217;t specified. Today on social media the president posted that it would include bitcoin, ether, XRP, Solana&#8217;s SOL token and Cardano&#8217;s ADA, reports CNBC \u2014 prompting a Sunday rally in cryptocurrencies trading.<\/p>\n<p>XRP surged 33% after the announcement while the token tied to Solana jumped 22%. Cardano&#8217;s coin soared more than 60%. Bitcoin rose 10% to $94,425.29, after dipping to a three-month low under $80,000 on Friday. Ether, which has suffered some of the biggest losses in crypto year-to-date, gained 12%&#8230; This is the first time Trump has specified his support for a crypto &#8220;reserve&#8221; versus a &#8220;stockpile.&#8221; While the former assumes actively buying crypto in regular installments, a stockpile would simply not sell any of the crypto currently held by the U.S. government. <\/p>\n<p>&#8220;The total cryptocurrency market has risen about 10%,&#8221; reports Reuters, &#8220;or more than $300 billion, in the hours since Trump&#8217;s announcement, according to CoinGecko, a cryptocurrency data and analysis company.&#8221; <\/p>\n<p>&#8220;A U.S. Crypto Reserve will elevate this critical industry&#8230;&#8221; the president posted, promising to &#8220;make sure the U.S. is the Crypto Capital of the World,&#8221; reports The Hill:<br \/>\nHis announcement comes just after the White House announced it would be welcoming cryptocurrency industry professionals on March 7 in a first-of-its-kind summit&#8230; It&#8217;s unclear what exactly Trump&#8217;s crypto reserve would look like, and while he previously dismissed crypto as a scam, he&#8217;s embraced the industry throughout his most recent campaign.<\/p>\n<div class=\"share_submission\" style=\"position:relative;\">\n<a class=\"slashpop\" href=\"http:\/\/twitter.com\/home?status=Trump+Names+Cryptocurrencies+for+'Digital+Asset+Stockpile'+in+Social+Media+Post%3A+https%3A%2F%2Fnews.slashdot.org%2Fstory%2F25%2F03%2F02%2F2327231%2F%3Futm_source%3Dtwitter%26utm_medium%3Dtwitter\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2025\/03\/twitter_icon_large-21.png\"><\/a><br \/>\n<a class=\"slashpop\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fnews.slashdot.org%2Fstory%2F25%2F03%2F02%2F2327231%2Ftrump-names-cryptocurrencies-for-digital-asset-stockpile-in-social-media-post%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2025\/03\/facebook_icon_large-21.png\"><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/news.slashdot.org\/story\/25\/03\/02\/2327231\/trump-names-cryptocurrencies-for-digital-asset-stockpile-in-social-media-post?utm_source=rss1.0moreanon&amp;utm_medium=feed\">Read more of this story<\/a> at Slashdot.<\/p>\n<p><iframe src=\"https:\/\/slashdot.org\/slashdot-it.pl?op=discuss&amp;id=23625237&amp;smallembed=1\" style=\"height: 300px; width: 100%; border: none;\"><\/iframe><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite a January announcement that America would explore the idea of a national digital asset stockpile, the exact cryptocurrecies weren&#8217;t specified. Today on social media the president posted that it would include bitcoin, ether, XRP, Solana&#8217;s SOL token and Cardano&#8217;s &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1236252\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,44,110],"tags":[],"class_list":["post-1236252","post","type-post","status-publish","format-standard","hentry","category-slashdot","category-technology","category-unfiltered-rss"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1236252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1236252"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1236252\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1236252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1236252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1236252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}