Odaily星球日报讯 美国总统特朗普将在白宫加密货币峰会上发表讲话，强调他在竞选期间承诺要帮助的行业，自重返白宫以来已通过行政命令和其他行动对该行业给予了积极对待，据悉在发表讲话之前，特朗普计划发布更多行政命令，白宫尚未透露主题。（华盛顿邮报）

Odaily星球日报讯 美国总统特朗普将在白宫加密货币峰会上发表讲话，强调他在竞选期间承诺要帮助的行业，自重返白宫以来已通过行政命令和其他行动对该行业给予了积极对待，据悉在发表讲话之前，特朗普计划发布更多行政命令，白宫尚未透露主题。（华盛顿邮报）

外媒：特朗普或在白宫加密货币峰会讲话前签署更多行政命令

Odaily reports that US President Trump will deliver a speech at the White House cryptocurrency summit, emphasizing the industry he promised to help during his campaign, and has since given positive treatment through executive orders and other actions since returning to the White House. It is reported that before delivering the speech, Trump plans to issue more executive orders, the themes of which the White House has not yet revealed. (The Washington Post)

Odaily reports that US President Trump will deliver a speech at the White House cryptocurrency summit, emphasizing the industry he promised to help during his campaign, and has since given positive treatment through executive orders and other actions since returning to the White House. It is reported that before the speech, Trump plans to issue more executive orders, the themes of which the White House has not yet revealed. (The Washington Post)

Foreign media: Trump may sign more executive orders before speaking at the White House cryptocurrency summit

Here is the English translation, with <> content retained as is:

On March 7, QCP Capital posted on its official channel that the market has been eagerly awaiting the White House crypto summit tonight, but Trump, through signing an executive order, preemptively announced the plan to establish a strategic BTC reserve and a US digital asset reserve, thereby breaking the expectations. Although this move is widely seen as beneficial to BTC, the market reacted in the typical "sell on the news" manner, with BTC plummeting from $90,000 to $85,000 after the signing.

The timing of the signing indeed caught many off guard, especially those who were more optimistic about the outcome of tonight's summit. Volatility has decreased significantly, and risk capital has reversed to favor put options, as short-term bullish positions were quickly unwound.

This instinctive sell-off reaction may stem from the market realizing that there is no actual budget allocation for BTC purchases in the near term. Instead, the reserve will initially be capitalized using BTC already held by the US government, primarily obtained through criminal or civil asset forfeitures. However, this does not preclude future BTC accumulation. The Treasury Secretary and Commerce Secretary have been authorized to explore budget-neutral strategies to acquire more BTC without increasing the tax burden.

While this is not the direct positive catalyst that many had hoped for, it is still structurally positive for cryptocurrencies. The possibility of Silk Road BTC random sell-offs disrupting the market has been eliminated, and the US government has reaffirmed its commitment to a long-term crypto strategy.

With the announcement of the strategic BTC reserve, expectations for tonight's White House crypto summit have cooled. Instead, the focus will shift to tonight's non-farm payroll (NFP) data. Given the fragility of the stock market, any surprises in the data could trigger volatility in risk assets, including cryptocurrencies.

QCP Capital: The early signing of the executive order caught investors off guard, but the content is still good news

The President of the United States, Donald Trump, officially signed an executive order this morning to establish a Bitcoin strategic reserve, although the currency price has not seen a significant increase at the moment. The White House will hold the first cryptocurrency summit on March 7 (March 8 at 2:30 AM Taiwan time). It is expected that Trump will deliver a speech at the meeting, and the attendees will also include several industry celebrities and members of the President's Digital Asset Working Group. Whether he will bring more good news to the market is closely watched by the market.

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Foreign media: Trump may sign more executive orders before speaking at the White House cryptocurrency summit

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