Odaily Report: According to Matrixport's weekly report, as the White House crypto summit on Friday approaches, any positive headlines could drive short-term momentum, but the structural weaknesses in the market and macroeconomic headwinds remain key risks. If Trump conveys a strong message of support for cryptocurrencies, it could inject new vitality into the market, but its sustainability depends on the broader economic and policy environment. This summit is the first of its kind in White House history, consistent with the Trump administration's efforts to push a pro-crypto agenda, reversing the strict regulatory stance of the Biden era. A key focus of the White House crypto summit is expected to be Trump's proposed U.S. strategic crypto reserve, which he announced on Truth Social on March 2, 2023, to include BTC, ETH, XRP, SOL, and ADA, with BTC and ETH as the "core" of the reserve. Trump's March 2 announcement caused a surge in crypto prices, with XRP, SOL, and ADA initially rising up to 60%, and BTC and ETH rising over 10%. The market is closely watching the summit's outcome and expects further price volatility. Trump's social media post sparked speculation about a Bitcoin strategic reserve, but the distinction is crucial. "Reserve" implies active accumulation, while the January executive order focused on assessing digital asset reserves, suggesting a more passive strategy - mainly holding $2 billion in seized crypto (97.9% of which is BTC), rather than further purchases. The U.S. government may use its gold reserves to fund Bitcoin purchases, especially as the strategic Bitcoin reserve plan progresses. Senator Cynthia Lummis' Bitcoin bill proposes using the market value of gold, currently around $688 billion, far exceeding its $11 billion book value, to acquire 1 million BTC over five years. This may require selling gold at market prices and reallocating the proceeds.