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Trump announces US strategic cryptocurrency reserve featuring bitcoin and Ethereum

  • President Donald Trump announces the establishment of a U.S. strategic cryptocurrency reserve that will include bitcoin, Ethereum, XRP, Solana, and Cardano.
  • The reserve is part of Trump's Executive Order on Digital Assets and aims to elevate the cryptocurrency industry after alleged attacks by the Biden Administration.
  • The announcement led to a significant surge in cryptocurrency prices, with Bitcoin rising by approximately 10% and Ethereum increasing by about 12%.
  • The launch of the cryptocurrency reserve is seen as a pivotal moment for the industry, but it also faces criticism from non-industry players.

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