GSR： Trump's encryption strategy reserves lead to market rebuilding of long positions, or strong push for price increases

Odaily Planet Daily News: Trump announced in a post on Truth Social on Sunday that he has instructed the Presidential Task Force to advance a cryptocurrency strategic reserve that includes XRP, SOL, and ADA, with Bitcoin, Ethereum, and other valuable cryptocurrencies as the core of the reserve. Bitcoin has rebounded above $93000 in the Asian market on Monday, with SOL rising more than 20% and XRP rising 30%. Spencer Hallarn, Global Head of OTC Trading at GSR, a cryptocurrency investment firm, stated that Trump's remarks "led participants to scramble to rebuild long positions and became a strong driving force for price increases. （CNBC）