1. Trump’s Crypto Report Drops — But Offers No Plan for Bitcoin Reserve
The Trump administration released its long-awaited crypto policy report yesterday — but offered no new details or action plans for the U.S. Strategic Bitcoin Reserve.
That rattled Bitcoin advocates, especially since the reserve was formally established months ago by executive order.
In response, Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, told Cointelegraph the reserve remains a priority. He emphasized it’s already in place and initially funded through forfeited Bitcoin, with future accumulation potentially backed by tariff revenue or gold certificate revaluation.
“We do believe in accumulation … Bitcoin is in a class of its own … we’ll start moving on that in short order.” — Bo Hines
Hines’ comments underscore the administration's intent to treat Bitcoin as a strategic national asset — and to position the U.S. for mining leadership in a multipolar digital world.
2. Bitcoin Falls Below $116K on Fed & Policy Uncertainty — Treasuries Buy the Dip
Bitcoin tumbled nearly 2%, testing intraday lows in the $115K–$116K range before recovering to around $119,000 overnight.
The dip followed both the crypto policy report and hawkish Fed commentary, with the central bank holding rates at four and a quarter to four and a half percent.
The lack of Bitcoin reserve guidance — combined with macro caution — sparked fresh market anxiety.
Even so, corporate treasuries stepped in, buying 28,000 BTC during the pullback and reinforcing just how firm institutional demand remains.
3. Phoenix Group Formalizes $150M Crypto Treasury
Abu Dhabi–listed Phoenix Group launched a $150 million digital asset treasury, anchored by 514 Bitcoin and 630,000 Solana tokens.
The company reported strong second-quarter results, including 336 BTC mined and a 72% jump in share price, even as updated accounting rules led to a net loss on paper.
Phoenix is now the first company on the Abu Dhabi Exchange with a formal Bitcoin treasury.
“Holding Bitcoin and other strategic digital assets isn’t just about exposure. It’s about alignment.” — CEO Munaf Ali
"I’m Ross Brand — tracking what matters in Bitcoin and helping you make sense of it."
Bitcoin Universe is for informational purposes only and does not constitute financial advice.
