COINDESK DAILY: Trump's Reserve Ignites Crypto Markets

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CoinDesk

Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 3 March 2025

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Christine Lee breaks down the latest news in the crypto industry as Donald Trump's support for a U.S. crypto reserve sent bitcoin, XRP and ADA skyrocketing. Bitcoin skyrockets 10%, Cardano’s ADA up to 60% and Ripple’s XRP up to 25% within 24 hours of U.S. President Trump announcing his support for a Crypto Strategic Reserve. Meanwhile, Switzerland's central bank rejects the idea of holding bitcoin reserves and the Ethereum Foundation names two new executive directors. CoinDesk's Christine Lee hosts "CoinDesk Daily." - Friends, DeFi is having a moment — Uniswap Labs' web app and wallet connect you to the excitement. Swapping and bridging are simple, low cost, and lightning fast across 13 chains, including Base, Arbitrum and Unichain, the new Layer 2 network designed for DeFi. Thanks to deep liquidity on Uniswap Protocols, you get minimal price impact on every trade, now with even greater efficiency through Uniswap v4. Swap, send, on-ramp, off-ramp, and bridge into a bright future — get started at uniswap.org. - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.3	The crypto markets are blasting off after Trump repeats support for a strategic crypto reserve.
0:56.6	It's Monday, March 3rd, 2025. I'm Christine Lee. This is Coin Dust Daily.
1:06.7	Bitcoin skyrocketing 10%, Cardano's ADA up to 60% and Ripple's XRP up to 25% within 24 hours of U.S. President Donald Trump announcing his support for a crypto strategic reserve that includes those tokens, as well as ETH and Seoul on his social media platform, Truth Social.
1:27.2	The president's son, Eric Trump suggests
1:29.2	the weekend announcement was targeted to attract retail traders posting on X, I love the genius
1:34.5	of announcing a strategic reserve on a Sunday when traditional markets are closed and Wall Street
1:39.9	sleeps. For the first time, retail investors win. Traditional finance better catch-up, or it will
1:45.6	quickly become extinct. The world no longer runs on a Monday to Friday 9 to 5. Bitmix Fander
1:51.6	Arthur Hayes was unmoved, however, saying nothing new here, just words. Let me know when they get
1:57.2	congressional approval to borrow money and or revalue the gold price higher.
2:01.9	Without that, they have no money to buy Bitcoin and other coins.
2:07.0	By contrast, Swiss National Bank President Martin Schlegel rejecting the idea of holding Bitcoin
	...

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