KEYTAKEAWAYS
- Dubai’s Largest Bank Introduces Crypto Trading Services
- Canary SUI ETF Officially Registered in Delaware
- Trump Signs Executive Order to Create Strategic Bitcoin Reserve
CONTENT
DUBAI’S LARGEST BANK LAUNCHES CRYPTO TRADING SERVICES
On March 7, Emirates NBD, one of Dubai’s largest banks, launched a crypto trading service through its digital banking platform Liv. Users can now buy, sell, and trade cryptocurrencies via the Liv X app.
This service is powered by Aquanow, a local digital asset company licensed by the Dubai Virtual Assets Regulatory Authority (VARA), while Zodia Custody, a subsidiary of Standard Chartered, provides custody services.
ANALYSIS:
Dubai has been rapidly expanding its digital asset market, attracting global crypto companies. As one of the largest banks in the UAE, Emirates NBD offering crypto trading services signals deeper integration of digital assets into the mainstream financial system.
CANARY SUI ETF REGISTERED IN DELAWARE
On March 7, market sources reported that Canary SUI ETF has been registered in Delaware.
ANALYSIS:
The registration of the SUI ETF could attract institutional investors and increase liquidity, potentially boosting the development of the SUI ecosystem. This makes SUI’s investment value worth watching.
TRUMP SIGNS EXECUTIVE ORDER TO ESTABLISH STRATEGIC BITCOIN RESERVE
On March 7, David Sacks, the White House head of AI and crypto policy, announced on social media:
“Just minutes ago, President Trump signed an executive order to establish a Strategic Bitcoin Reserve. The reserve will be funded with Bitcoin owned by the federal government, which was seized through criminal or civil asset forfeitures. This means no taxpayer money will be spent.”
The U.S. government is estimated to hold around 200,000 Bitcoin, but no full audit has ever been conducted. The executive order mandates a comprehensive audit of all federal digital asset holdings. The government will not sell any Bitcoin stored in the reserve; instead, it will be held as a store of value.
The Secretary of the Treasury and the Secretary of Commerce have been authorized to develop a budget-neutral strategy to acquire more Bitcoin without increasing taxpayer burdens.
ANALYSIS:
This move by the Trump administration redefines Bitcoin as a “national strategic asset”, potentially influencing other countries to follow suit. Additionally, the executive order calls for a full audit of government-held Bitcoin, which may reveal more details about how BTC was handled in the past.
In the short term, market sentiment may surge due to this policy-driven optimism. However, Bitcoin’s long-term status as a global strategic reserve asset will depend on whether other governments adopt similar policies, actual market demand, and future regulatory developments.
Also Read：
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CoinRank Crypto Digest (3/04)｜ETH/BTC Exchange Rate Nears Lowest Level Since 2021
CoinRank Crypto Digest (3/05)｜“Trump Trade” Has Completely Reversed
CoinRank Crypto Digest (3/06)｜Polymarket: 24% Chance of Trump’s BTC Reserve
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