5.28 AI Daily Report: Opportunities and Challenges Amidst Turbulence in the Crypto Assets Market

1. Headlines

1. Cetus promises to fully compensate for the stolen assets, pending community vote approval.

On May 28, Cetus officially announced that it will fully compensate for the currently stolen off-chain assets using cash and token reserves, provided that the upcoming community vote passes and the locked funds are recovered. This includes key loans from the Sui Foundation, achieving 100% compensation for all affected users. Since the complete restoration depends on the voting results, Cetus urges the Sui community to fully support the vote. Regardless of the outcome, the recovery work will commence immediately.

Cetus suffered a $223 million hack on May 22, resulting in frozen funds. The incident stemmed from a check error in the checked_shlw function of the inter-mate library, allowing attackers to gain massive liquidity with just one token. Despite the protocol and its dependent libraries undergoing multiple rounds of audits, this critical vulnerability remained undetected.

This event highlights the limitations of traditional static code audits. Experts point out that a comprehensive security audit should be conducted before the project goes live, covering everything from code to economic models and business logic, and a risk monitoring system should be continuously deployed to achieve real-time detection and automatic response to multidimensional risks. Only in this way can we minimize the risk of hacker attacks and ensure the safety of user assets.

2. Gradually launch the AI crypto industry sector, including 20 types of tokens.

On May 28, Grayscale announced the launch of an AI crypto industry sector, becoming the sixth industry sector. The new sector includes 20 assets with a total circulating market value of approximately $20 billion, accounting for 0.67% of the total market value, indicating that most projects are still in the early stages.

This section includes well-known AI tokens such as tensor(TAO), Near Protocol(NEAR), and Render Token(RNDR). Grayscale believes that AI will become an important component of the crypto space, and the launch of this new section aims to meet the needs of investors.

The concept of AI has been highly sought after since the beginning of this year, with related token prices hitting new highs repeatedly. However, some analysts have warned about the risks of bubble formation. Regardless, the combination of AI and blockchain is giving rise to new opportunities, attracting the attention of many entrepreneurs and investors. The industry hopes that AI can bring practical application scenarios to cryptocurrencies and drive development.

3. Little Fox Wallet supports Solana, and cross-chain functionality continues to strengthen.

On May 28th, the Little Fox Wallet announced support for the Solana network, allowing users to manage Solana assets directly from the desktop browser wallet. This is the first time the wallet supports a non-EVM architecture public chain, marking a continuous strengthening of its cross-chain capabilities.

As the largest browser wallet in the Ethereum ecosystem, the Little Fox Wallet has over 100 million annual active users. This integration with Solana makes it a unified entry point for managing Ethereum and Solana accounts, significantly enhancing user experience.

Industry insiders believe that cross-chain support for wallet tools is an important part of the development of the public chain ecosystem. As the industry continues to evolve, users require more convenient asset management methods. This move by the Little Fox Wallet helps alleviate the pain points of fragmented user experiences and promotes interoperability within the ecosystem.

In the future, the Little Fox Wallet will also support mobile integration with Solana and access to other popular public chains, providing users with a one-stop on-chain service experience.

4. The issue of XRP token’s securities attributes has attracted attention again, Ripple calls out to the SEC.

On May 28, Ripple submitted a supplemental letter to the U.S. Securities and Exchange Commission (SEC), expressing its views on when tokens should lose their security status. Ripple hopes the SEC can provide clear guidance to end the long-standing regulatory dilemma.

The letter referenced analyses from multiple legal experts and proposed a “maturity test” to determine the independence of tokens from the initial investment contract. Ripple believes that once a token is decoupled from the issuer and possesses decentralized characteristics, it should be considered a non-security asset.

Since the XRP case began in 2020, there has been a serious disagreement between the parties regarding the security attributes of the token. The SEC insists that XRP is a security, while Ripple denies this claim. This dispute not only concerns the compliance of XRP in the United States, but also the regulatory prospects for the entire cryptocurrency industry.

Analysts say that the SEC’s response to this will have a significant impact. If Ripple’s viewpoint is adopted, it will set clear boundaries for token regulation; conversely, it may exacerbate uncertainty in the industry. In any case, resolving this issue will provide direction for the compliant development of cryptocurrencies.

5. Musk sparks debate on AI robots, questioning the authenticity of the internet.

On May 28, Musk posted on Twitter( before X) asking “How many real humans are there on the internet?” This subsequently sparked a heated discussion about AI robots dominating the internet.

People have long questioned the authenticity of information on the internet. With the continuous advancement of AI technology, the existence of bot accounts has made this issue even more complex. On one hand, AI has empowered the development of virtual digital humans, blurring the lines between humans and machines; on the other hand, AI is also used to manipulate public opinion and spread false information, among other illegal activities.

Industry insiders point out that it is important to distinguish between reasonable application scenarios of AI and abuse situations. In fields such as entertainment and customer service, AI assistants can improve efficiency; however, in areas like public opinion guidance, regulation needs to be strengthened. At the same time, users should also enhance their discernment, maintain rational thinking, and stay away from the echo chamber effect.

In any case, Musk’s question has sparked reflection on the authenticity of the internet. In today’s accelerated integration of AI and the real world, related ethical issues need to be solved urgently. Only by developing AI within a legal and ethical framework can its value be maximized.

2. Industry News

1. Ethereum leads the cryptocurrency market rebound, with ETH breaking through the $2600 mark.

The cryptocurrency market rebounded, with Ethereum (ETH) rising 3.79% in the last 24 hours, breaking the $2600 barrier. Bitcoin (BTC) also saw a slight increase of 0.35%, maintaining around $108,000.

Analysts believe that regulatory support and optimistic sentiment towards institutional adoption of cryptocurrencies have supported the price increase. Although Bitcoin has experienced a pullback after reaching a historic high, it still remains at a relatively high level. Ethereum’s trend is consistent with that of Bitcoin, and the market volatility is low.

From the sentiment indicators, the Fear and Greed Index is at 68, continuing to be in the “Greed” range. The overall long-short ratio is 1.08, with bullish sentiment dominating. However, the market lacks a collective narrative hotspot.

Analysts suggest that investors closely monitor subsequent capital flows and changes in sentiment. Although the current market shows optimistic sentiment, caution is still needed for possible pullbacks or consolidation phases.

2. The SUI ecosystem is undergoing repair, with a 24-hour increase of 6.61%.

In the context of a general rise in the cryptocurrency market, the SUI ecosystem sector has seen a recovery, rising by 6.61% in 24 hours. Among them, SUI increased by 5.82%, Haedal Protocol ( HAEDAL ) and Cetus Protocol ( CETUS ) rose by 12.80% and 30.81%, respectively.

The SUI ecosystem previously faced a hacker attack incident involving the Cetus protocol, resulting in a significant price drop. However, as the situation is gradually being addressed and market sentiment improves, investor confidence in the SUI ecosystem has somewhat recovered.

However, analysts point out that the SUI ecosystem still faces some challenges. The security vulnerabilities of the Cetus protocol have exposed the shortcomings of DeFi projects in risk management, requiring strengthened auditing and risk control mechanisms. At the same time, the development of the SUI ecosystem also relies on the incubation of more quality projects and the continuous inflow of users.

Overall, although the rebound of the SUI ecosystem is encouraging, it will take time to see its subsequent performance. Investors need to have a good understanding of the fundamentals of the project and control the risks.

3. Grayscale launches AI crypto sector, with TAO and 20 other tokens selected.

The cryptocurrency asset management company Grayscale announced the launch of an AI crypto industry sector, which is its sixth industry sector. The new sector includes 20 tokens, with a total circulating market value of approximately $20 billion, accounting for 0.67% of the total market value.

Grayscale indicates that the scale of the AI encryption sector is relatively small, reflecting that many projects are still in the early stages. The selected tokens include tensor(TAO), Near Protocol(NEAR), Render Token(RNDR), among others.

Analysts believe that Grayscale’s launch of the AI sector reflects institutional interest in the artificial intelligence cryptocurrency space. With the rise of large language models like ChatGPT, AI concept coins have recently been in high demand, leading to a surge in short-term speculation.

However, some analysts have also reminded that AI crypto projects are mostly in the early stages and still carry a high degree of uncertainty. Investors need to carefully assess the actual application prospects of the projects and avoid blindly following the trend.

Overall, Grayscale’s launch of the AI sector is beneficial for attracting more institutional funds into the field, but investors also need to remain rational and focus on the long-term development potential of the projects.

4. The Bitcoin 2025 Conference focuses on regulation and institutional support, BTC is poised for takeoff.

At the Bitcoin 2025 conference held in Las Vegas, attendees held an optimistic view of Bitcoin’s prospects. Government and business representatives believe that regulatory improvements and institutional support will drive significant growth for Bitcoin.

The Trump administration supports the development of Bitcoin, and some politicians have proposed establishing a Bitcoin reserve plan. Business executives have stated that accepting Bitcoin payments can save on transaction fees. A real-time payment pilot was also introduced at the conference, reflecting the progress of Bitcoin in practical applications.

Analysts believe that Bitcoin is positioning itself as a leading player in the trillion-dollar industry due to improved regulation and growing institutional interest. Investor confidence is continuously increasing, and the market expects this to have a significant impact on Bitcoin’s price.

However, some analysts remind that Bitcoin’s rebound still faces challenges. Investors need to pay attention to the impact of macroeconomic and geopolitical factors on the market. At the same time, Bitcoin’s volatility is high, so risk management is essential for investments.

Overall, regulatory benefits and institutional support bring new development opportunities for Bitcoin, but investors should also maintain a cautiously optimistic attitude.

5. The Solana ecosystem continues to heat up, and SOL is expected to break through the $200 mark.

The Solana ecosystem continues to heat up, and analysts predict that the price of SOL is expected to break the $200 mark in June. This is mainly due to increased institutional interest and retail demand.

Data shows that the centralized exchange SOL supply has dropped to 27.01 million, close to the lowest point in October 2022. This indicates that investor demand for SOL continues to rise.

At the same time, the Solana ecosystem is attracting more high-quality projects to settle in, such as NFTs, meme coins and other fields have migrated to Solana. This is conducive to improving Solana’s ecosystem activity and user stickiness.

Analysts believe that Solana’s advantages, such as fast transactions and low fees, make it stand out in the competition. Coupled with its dominant position in the NFT and meme coin sectors, Solana is expected to reshape the landscape of the cryptocurrency market.

However, some analysts remind that Solana faces challenges such as a lack of decentralization and an overly concentrated ecosystem. Investors need to comprehensively evaluate Solana’s long-term development potential rather than just focusing on short-term price fluctuations.

Overall, the continued warming of the Solana ecosystem is worth paying attention to, but investors should also remain rational and manage their risk exposure.

3. Project News

1. Anthropic launches the APP version of the voice mode for testing.

Anthropic is an artificial intelligence startup focused on developing advanced language models and artificial intelligence systems. The company recently announced the launch of a beta voice mode on its app, which is a major upgrade to its product line.

Latest Update: Anthropic announced on its official social media accounts that it has launched a beta voice mode on the APP. This feature currently only supports English, but will cover more languages in the coming weeks. Users can interact with Anthropic’s AI system via voice, providing a more natural and fluid experience. This update will further enhance the usability and practicality of Anthropic products.

Market Impact: Voice interaction is an important development direction in the field of artificial intelligence. Anthropic has launched a voice mode, which will make its products closer to the needs of ordinary users and help improve the popularity of artificial intelligence technology. This initiative will also drive other companies in the industry to accelerate the development of voice interaction features, bringing more choices to users.

Industry feedback: Analysts believe that voice interaction is an essential path for the development of artificial intelligence technology. As an emerging company, Anthropic’s launch of a voice model will undoubtedly enhance its competitive advantage. However, the accuracy of voice recognition technology and privacy protection still require further improvement. Overall, this move by Anthropic is worth continuous attention from both within and outside the industry.

2. Manus AI: Users can now edit text on the generated website.

Manus AI is a startup focused on AI-driven website generation and editing. The company recently announced that users can now directly edit text content on the generated websites, a feature that further enhances the practicality of the product.

Latest Updates: Manus AI announced on social media that users can now edit text content on the generated websites. This new feature allows users to customize their generated websites without leaving the Manus AI platform. For paid users, Manus AI also offers the ability to use custom website domain names, making the websites more personalized.

Market Impact: Website generation and editing is an important manifestation of artificial intelligence technology in practical application scenarios. The latest update from Manus AI further lowers the user threshold and improves user experience. This will help attract more users to try the company’s products and expand its influence in the website generation and editing market.

Industry feedback: Analysts believe that this update from Manus AI highlights the company’s efforts to enhance user experience. However, the website generation and editing market is highly competitive, and Manus AI needs to continue to innovate to maintain its leading edge in features, performance, and other aspects. At the same time, website security and privacy protection also need to be given high priority.

3. Nansen: In the past 30 days, smart money has increased its holdings of VIRTUAL to 18.72 million coins.

Nansen is a company focused on blockchain data analysis, and its latest data shows that smart money has significantly increased its holdings in the Virtuals Protocol ecosystem token VIRTUAL over the past 30 days.

Latest Updates: According to data released by Nansen, in the past 30 days, smart money has increased its holdings of VIRTUAL by as much as 5.43%, totaling an increase of 18.72 million tokens. Smart money refers to investors with rich experience and expertise, whose investment behavior is often seen as a leading indicator. This large-scale increase in VIRTUAL holdings reflects the positive attitude of smart money towards the project.

Market Impact: As a decentralized artificial intelligence agent platform, Virtuals Protocol is attracting increasing attention. Smart money is significantly increasing its holdings of VIRTUAL, which will further enhance the project’s influence in the market. This dynamic will also prompt other investors to follow suit, bringing more capital inflow to VIRTUAL.

Industry feedback: Analysts say that the investment behavior of smart money often predicts the development prospects of a project. Virtuals Protocol, as an innovative attempt combining artificial intelligence and blockchain technology, deserves ongoing attention. However, some analysts also remind that investors should not overly hype it and need to carefully study the actual value of the project.

4. Create a new AI encryption sector in grayscale, including TAO, NEAR, RENDER.

Grayscale Investments is a well-known cryptocurrency asset management company that recently announced the launch of an AI cryptocurrency sector, incorporating related tokens into its investment scope.

Latest updates: Grayscale Investments announced the launch of its AI crypto sector, which is its sixth industry sector. The new sector includes 20 crypto assets related to artificial intelligence, with a total circulating market capitalization of approximately $20 billion. This includes well-known tokens such as TAO, NEAR, and RENDER. Grayscale stated that the scale of the AI crypto sector is relatively small, reflecting that many projects are still in their early stages.

Market Impact: Grayscale Investments, as a leader in cryptocurrency investment, will further promote the development of the sector by launching an AI crypto industry segment. This initiative is expected to attract more investors to pay attention to AI crypto projects, bringing more financial support to related companies. At the same time, it will also promote innovation and competition within the industry.

Industry Feedback: Analysts believe that Grayscale’s investment in the AI cryptocurrency sector reflects the company’s optimism about the prospects of this field. The combination of artificial intelligence and blockchain technology is seen as an important direction for future development, with huge potential. However, some analysts also caution that AI cryptocurrency projects are generally in their early stages, and investors need to carefully assess the risks.

5. Up Korean exchange announces extension of (SNX) trading warning period

Several South Korean cryptocurrency exchanges recently announced that they will extend the trading warning period for the (SNX) token, which has attracted market attention.

Latest updates: A number of member exchanges (DAXA) by the Korea Association of Digital Asset Trading Platforms, including Up, humb, and others, have announced that they will extend the trading warning period for (SNX) tokens. Previously, DAXA had asked for clarifications on issues such as investor protection, but believed that there were still unresolved issues. As a result, DAXA has decided to extend the Transaction Warning Period to further review and clarify the situation.

Market Impact: As a derivative token protocol, it has a certain influence in the Korean market. The extension of the trading warning period will have an adverse impact on trading in Korea. If it is ultimately categorized as a trading warning stock, it may face a greater blow in the Korean market.

Industry Feedback: Analysts point out that this event reflects the increasing scrutiny of cryptocurrency projects by regulatory agencies. Investor protection and compliance will become top priorities. For Gate, maintaining good communication with regulators and addressing issues promptly will be crucial. At the same time, this will also encourage other projects to strengthen their own compliance efforts.

4. Economic Dynamics

1. Federal Reserve officials reaffirm their commitment to combating inflation.

In the current economic environment, the inflation rate remains high. The core personal consumption expenditure price index for the United States in April rose by 4.7% year-on-year, exceeding the Federal Reserve’s target level of 2%. Despite the slowdown in economic growth, the labor market remains tight, with the unemployment rate held at a low of 3.4%.

Recently, Fed New York Fed President Williams reiterated in a speech that the Fed needs to take a relatively hawkish stance in order to curb the rising momentum of inflation. “We should avoid inflation becoming highly persistent, because that could become a permanent problem,” he said. Williams believes that once inflation deviates from its target, the Fed needs to take a relatively hawkish response.

Investors reacted cautiously to the hawkish comments from Federal Reserve officials. The three major U.S. stock indices fell slightly, while investment-grade corporate bonds and Treasury yields rose slightly. The market expects the Federal Reserve to raise interest rates again in June and continue the rate hike cycle within the year.

Goldman Sachs Chief Economist Jan Hatzius said that despite the uncertain economic outlook, the Fed needs to remain hawkish until inflation data falls significantly. He expects the Fed to pause interest rate hikes later this year and may start cutting interest rates slightly in 2024.

( 2. Japan proposed to purchase American chip products to alleviate the trade deficit.

Currently, the trade deficit of the United States with Japan is about 10 trillion yen, becoming a focal issue in trade negotiations between the two countries. To alleviate this contradiction, the Japanese government has reportedly proposed purchasing billions of dollars worth of American semiconductor products as a “bargaining chip” in the negotiations.

This proposal aims to strengthen cooperation between the United States and Japan in the semiconductor supply chain through domestic production of wafers and chemicals. Semiconductors are crucial for current technological development and are a strategic resource that both parties hope to control.

Japan’s move has attracted market attention. Analysts believe that this action will not only help alleviate the trade deficit but will also promote cooperation between the two countries in key areas, thereby enhancing mutual trust and laying the foundation for reaching broader trade agreements in the future.

Goldman Sachs analyst Zhong Zhengsheng stated that although there are still differences between the two sides in the short term, in the long run, the interests of the US and Japan in areas such as supply chains and technology are highly aligned, which will undoubtedly promote the two sides to reach a mutually beneficial trade agreement. He expects that in the coming year, the two sides will reach a package agreement on issues such as semiconductors and critical minerals.

) 3. Trump Media Company may inspire more companies to follow suit and establish Bitcoin reserves.

According to reports, Trump Media plans to raise $2.5 billion and join the ranks of companies that are building bitcoin reserves. If this plan is implemented, it is expected to trigger more companies to follow suit, bringing new structural buying to the crypto market.

In recent years, some technology companies such as MicroStrategy ###MSTR###, Tesla, and others have established Bitcoin reserves one after another. This not only helps to avoid inflation risks but is also seen as an important signal of companies embracing cryptocurrency.

Goldman Sachs analyst Zach Pandl stated that if more large enterprises and institutional investors start to build Bitcoin reserves, it will greatly boost the liquidity and recognition of the cryptocurrency market. He expects this trend to drive the prices of major cryptocurrencies like Bitcoin up by more than 50% in the next year.

However, some analysts are cautious about this. Deutsche Bank analyst Marion Laboure believes that the high volatility of cryptocurrencies and regulatory uncertainties may deter some companies. She predicts that only a few industry leaders will follow suit, and the trend of large companies establishing crypto reserves may take longer.

( 4. Stablecoins may cause fluctuations in the government bond market.

According to the analysis of the Beautiful Country Bank, the widespread adoption of stablecoins may affect the demand for government bonds, leading to a steepening of the yield curve and triggering price fluctuations in the government bond market.

Stablecoins, as a bridge between cryptocurrencies and fiat currencies, their increasing usage may shake bond prices and market volatility, and could impact government bond yields and the dynamics of the banking sector.

Karim Sadjadpour, an analyst at the Bank of America, stated that if stablecoins are widely accepted, it will reduce the demand for traditional safe-haven assets such as government bonds, thereby pushing up yields. He expects that within the next five years, stablecoins could capture 10% of the payment market share, at which point government bond yields may rise by 50 to 100 basis points.

However, some analysts hold a cautious attitude toward this. Goldman Sachs analyst Brett Ryan believes that the current scale and adoption rate of stablecoins are still limited, and their impact on the government bond market in the short term may be small. He predicts that a significant impact is only likely to occur when regulations are clear and the stablecoin ecosystem further develops.

) 5. Economists warn that the pace of inflation decline may slow.

Although recent inflation data has eased, ECB Chief Economist Lane warned that the pace of inflation decline may slow due to factors such as escalating trade tensions between Europe and the U.S. and failed trade negotiations that could drive inflation higher.

Lian said: “We need to find a middle ground. If we see further signs of inflation declining, we will respond with further rate cuts. But the scope of the discussion is not that broad; no one is talking about significant rate cuts.”

His remarks have attracted market attention. Analysts believe this reflects the European Central Bank’s cautious stance on inflation, expecting the ECB to maintain a hawkish position and continue raising interest rates for some time to come.

Goldman Sachs European economist Sven Jari Stehn stated that despite the decline in inflation rates, core inflation remains high and the labor market continues to be tight. He expects the ECB to raise interest rates by another 25 basis points in July this year and to end the rate hike cycle in the first half of 2024.

However, some analysts hold a pessimistic view on the European economic outlook. Mark Wall, a Deutsche Bank economist, believes that the European economy may slip into a mild recession in the second half of this year. He expects that in response to the economic slowdown, the European Central Bank may start to slightly lower interest rates in the second half of 2024.

5. Regulation & Policy

1. The nomination for the chair of the U.S. Commodity Futures Trading Commission has drawn attention.

Brian Quintenz, the nominee for chairman of the U.S. Commodity Futures Trading Commission (CFTC) nominated by Trump, has disclosed that he holds cryptocurrency assets worth at least $3.4 million. Quintenz currently serves as the global head of crypto policy at venture capital firm a16z and is a director at the prediction market platform Kalshi.

Background: As the primary regulator of cryptocurrency derivatives trading in the United States, the choice of chairman of the CFTC has a significant impact on the development of the industry. Quintenz served as a commissioner of the CFTC from 2017 to 2021 and is familiar with cryptocurrency regulation.

Policy content: If Quintenz is appointed, he will divest crypto-related assets within 90 days and avoid regulatory matters related to a16z for two years, and will not participate in the review of Kalshi matters for one year. This arrangement aims to avoid conflicts of interest.

Market Reaction: Industry insiders are concerned about Quintenz’s professional background and cryptocurrency portfolio. On one hand, he has a deep understanding of the industry; on the other hand, the scale of his assets and industry connections raise questions. The market expects the CFTC to promote clear cryptocurrency regulatory policies during his tenure.

Expert Opinion: Cryptocurrency legal experts indicate that Quintenz’s professional experience qualifies him to serve as chairman, but it is essential to properly address conflicts of interest. The neutrality of the regulatory agency’s chairman is crucial for the healthy development of the industry.

2. Hong Kong introduces new opportunities for the virtual asset industry through the “Stablecoin Regulation Draft”.

On May 21, the Legislative Council of the Hong Kong Special Administrative Region passed the “Stablecoin Bill”, marking Hong Kong as the world’s first jurisdiction to establish a full-chain regulatory system for fiat-backed stablecoins.

Background: Stablecoins serve as a bridge between cryptocurrencies and the traditional financial system, and their regulation is crucial for the development of the virtual asset industry in Hong Kong. This legislation aims to balance financial innovation and risk prevention.

Policy content: The “Regulations” stipulate that issuers must hold an equivalent amount of fiat currency or other high-quality assets as reserves and are subject to prudent supervision by the Hong Kong Monetary Authority. The regulations will come into effect in June 2024.

Market reaction: Industry insiders generally believe that the regulation brings new opportunities to Hong Kong’s virtual asset industry. The establishment of stablecoin regulation will attract more institutions to participate, promoting Hong Kong to become a regional crypto hub.

Expert Opinion: Hong Kong financial law experts point out that this regulation lays the foundation for the regulation of virtual assets in Hong Kong, which is beneficial for maintaining financial stability. At the same time, the regulation also leaves room for innovation, avoiding excessive regulation that hinders industry development.

3. The U.S. government is considering establishing a Bitcoin strategic reserve

According to reports, the Trump administration is considering establishing a Bitcoin strategic reserve, sparking heated discussions in the market. White House cryptocurrency advisor David Sachs elaborated on this plan at the Bitcoin 2025 conference.

Background: As the leader in the cryptocurrency field, Bitcoin’s position in the global financial system is becoming increasingly prominent. Establishing a strategic reserve helps enhance the United States’ influence in the digital asset space.

Policy content: Sachs proposed a “budget-neutral” Bitcoin acquisition strategy, which involves using existing funds from the Treasury and the Department of Commerce to purchase Bitcoin without increasing the fiscal deficit. Specific details are yet to be clarified.

Market reaction: The news immediately sparked a strong response in the market. Supporters believe this will promote the mainstream adoption of Bitcoin and boost its price; opponents are concerned about excessive government intervention affecting market freedom.

Expert Opinion: Cryptocurrency analysts believe that government ownership of Bitcoin will lay the foundation for regulation, but it is necessary to balance regulation with innovation. At the same time, there are also views questioning the feasibility and necessity of the plan.