White House crypto czar David Sacks made the announcement late on Thursday, March 6, stating, “Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.”

He added that the reserve would be capitalized with Bitcoin owned by the federal government, which was forfeited as part of criminal or civil asset forfeiture proceedings.

The US government holds around 200,000 BTC, according to estimates and the executive order “directs a full accounting of the federal government’s digital asset holdings,” said Sacks.

“The US will not sell any Bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency, often called ‘digital gold’.”

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.

The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…

— David Sacks (@davidsacks47) March 7, 2025

No Buying More Crypto

Sacks also said that premature sales of BTC “have already cost US taxpayers over $17 billion in lost value” before adding, “Now the federal government will have a strategy to maximize the value of its holdings.”

The EO also establishes a US digital asset stockpile consisting of crypto other than Bitcoin forfeited in criminal or civil proceedings. However, the government “will not acquire additional assets for the stockpile” beyond those obtained through forfeiture proceedings, he said.

This means that it will not be buying Ethereum, XRP, Solana, or Cardano, as Trump mentioned earlier this week.

The concept was ridiculed by several industry executives and analysts after it was proposed by Trump on March 2 because he mentioned a handful of altcoins that many prominent Bitcoiners labeled as “shitcoins.”

“President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept,” Sacks concluded.

Crypto Market Tanks

It appears that the crypto market is also deriding the notion that Uncle Sam will be stockpiling digital assets as it has tanked by more than $200 billion, or 5%, since the announcement, despite analysts calling it bullish. As a result, total capitalization is now back below $3 trillion.

Bitcoin dumped $5,000 in an hour or so, crashing from around $90,000 to $85,000 before it recovered to around $87,000, while Ethereum fell a similar 5% to $2,150 after the announcement.

Unsurprisingly, XRP, SOL, and ADA were hit particularly hard, falling 8%, 7%, and 10% respectively.

The post Market Tanks After Trump Signs Executive Order to Establish Strategic Bitcoin Reserve appeared first on CryptoPotato.

Rexas Finance (RXS) has emerged as an upcoming XRP rival ready for an incredible rise as it draws the attention of investors concentrating on the changing crypto scene. Crypto enthusiasts and investors predict that the RXS will be among the top gainers in 2025 as it is expected to pump from $0.20 to $25 in six months.

RXS rises as an outstanding XRP competitor

RXS is expected to vie for dominance against the XRP which has long been in control of blockchain financial transactions. Rexas Finance’s RXS has emerged as a viable XRP substitute among crypto traders due to its countless possibilities for expansion. RXS is reportedly about to become one of the ‘hottest’ altcoins in 2025 due to Rexas Finance’s emphasis on the expansion of the tokenized real-world assets (RWAs) pool, seamless financial transactions, and the fast accumulation of tokenized shares. The Rexas Finance platform is designed to streamline the process of producing and maintaining digital tokens—especially those reflecting real-world assets. RXS will employ blockchain technology to facilitate accountable asset ownership and transfer of real estate, goods, and intellectual property. Rexas Finance’s ‘democratization of asset tokenization’ creates a world of possibilities for investors, allowing them to engage in high-value markets with few obstacles. RXS will provide real use cases that solve actual financial inefficiencies. Rexas Finance’s strategy will position it as a major contender in the tokenized RWA sector.

RXS’s presale success suggests future significant growth 

RXS’s presale has shown an amazing trend as it passes through stage 12, with the altcoin generating nearly $46.14 million at $0.20 per RXS. Nearly 90.15% of Rexas Finance’s targeted $56 million worth of RXS set aside for the presale has been sold, reflecting strong demand. RXS’s inclusive vision prioritizes public presales over venture capital funds, allowing ordinary people to join the financial revolution. The altcoin’s listing on CoinMarketCap and CoinGecko will improved its visibility and investor confidence, boosting the presale momentum. Moreover, the RXS team plans to list the altcoin on three top exchanges when the presale ends, ensuring notable liquidity and availability for traders upon the token’s launch.

RXS’s starting price of $0.25 and a verified launch date of June 19th will likely set the stage for a historic price explosion. Rexas Finance’s openness and commitment to security are among the key factors encouraging investor confidence in the RXS altcoin. The blockchain security firm Certik has completed the assessment and approval of the RXS initiative, which almost guarantees the dependability and safety of RXS’s smart contracts. The degree of examination has reassured institutional and individual investors, thereby supporting stage 12’s presale success. RXS’s strength reportedly goes beyond security to include usability. Both individual and institutional investors will be able to access tokenized assets ranging from real estate to artwork. The RXS asset will be ‘fractionalized’ to allow regular investors to enter previously unreachable markets.

RXS price is projected to rise 12400% in six months

RXS’s upside potential is mostly created by the buzz around it. Analysts estimate that the token will spike to $25 within six months, representing a 12400x return on investment. Important elements forming the basis of this projection include growing usage, exchange listings, and the broader market upswing projected in 2025. Crypto’s strong utility and adoption has grown exponentially during positive market cycles. XRP rose rapidly during one of the previous positive market cycles, but now investors are looking to RXS as the next breakout coin. RXS will likely be the biggest surprise of 2025 given its increasing community backing.

Conclusion

RXS will directly compete against XRP by offering an alternative method for real-world asset tokenization, and providing practical use cases  for both individual and institutional investors. RXS’s  projected price hike from $0.20 to reach $25 in just six months emphasizes a possibility for early investors. Rexas Finance (RXS) is expected to be among the top gainers of 2025. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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