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Shares of cryptocurrency-related companies fell sharply on Monday, following President Donald Trump’s recent executive order to establish a federal Bitcoin strategic reserve and rising concerns about U.S. economic policies. MicroStrategy (MSTR), the largest corporate holder of Bitcoin, saw its shares tumble by 13%, while Coinbase Global (COIN) and MARA Holdings (MARA) also faced significant losses…
Russia has reaffirmed its commitment to traditional assets, particularly the Chinese yuan and gold, for its National Wealth Fund (NWF), rejecting the inclusion of Bitcoin and other cryptocurrencies due to their volatility. Deputy Finance Minister Vladimir Kolychev stated that Russia has no plans to incorporate cryptocurrencies into the NWF, emphasising a continued focus on gold…