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Blockchain

US President Donald Trump Unveils Plans for Crypto Strategic Reserve, Sector Responds Positively



Donald Trump has announced a potential move towards establishing a US strategic crypto reserve, signaling his ambition to position the US as a global crypto hub. In a Truth Social post, the former President indicated that Bitcoin, Ether, Ripple, Cardano, and Solana are under consideration for inclusion. This news is being met with enthusiasm by industry leaders globally. The potential inclusion of these cryptocurrencies in a national reserve could significantly boost the credibility of the crypto market. Experts believe this strategic embrace of digital assets could drive substantial market growth and accelerate widespread adoption of cryptocurrencies within the United States and beyond. This announcement further solidifies Trump’s pro-crypto stance.



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by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link