The cryptocurrency sector is in turmoil after a dramatic week. That, of course, is nothing new for crypto — but what is new is the reason for the turmoil: ongoing action from the seat of power in Washington, D.C. On Sunday (March 2), President Donald Trump gave the digital asset sector more news to look forward to, after a monthlong market sell-off that saw bitcoin drop nearly 20% from its post-election record high, by announcing not just the creation of a U.S. strategic cryptocurrency reserve but also the digital assets it could be composed of: bitcoin, ethereum, XRP, Solana’s SOL coin and Cardano’s ADA. The news was met with mixed reactions from the crypto space

Blockstream is launching three Bitcoin-backed investment funds after securing a multi-billion dollar investment. Two funds will focus on Bitcoin-backed lending, and the third will offer hedging strategies for financial institutions. The official launch is set for April 1, with external capital intake starting July 1. This move aims to meet the rising institutional demand for Bitcoin-based financing and solidify Blockstream's role in the crypto financial ecosystem.

Blockstream Corp. has secured a multibillion-dollar investment to create three funds, with two dedicated to crypto lending, according to sources.