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According to BlockBeats, the social media account of Paraguay's president was compromised by hackers. The attackers disseminated misleading information, falsely claiming that Bitcoin had been adopted as the country's legal tender. This misinformation led to confusion among journalists.

According to BlockBeats, the social media account of Paraguay's president was compromised by hackers. The attackers disseminated misleading information, falsely claiming that Bitcoin had been adopted as the country's legal tender. This misinformation led to confusion among journalists.

According to Odaily, Fox Business journalist Charles Gasparino has reported that the White House is preparing to clarify its so-called 'strategic cryptocurrency reserve' plan. This clarification is expected to be released later today or tomorrow. Gasparino speculates that the focus might be on the funding mechanism, particularly the potential hurdles of using taxpayer money to purchase digital currencies, a move that would likely require congressional approval but is deemed nearly impossible to achieve.Gasparino suggests possible solutions, including utilizing confiscated cryptocurrencies for reserves, with reports indicating that 200,000 bitcoins have been seized from criminals. Another option could involve adopting a sovereign wealth fund model to finance cryptocurrency purchases, an idea previously proposed by former U.S. Commodity Futures Trading Commission Chairman Chris Giancarlo.Gasparino emphasizes that the situation is still evolving and may change.

According to CoinDesk, U.S. President Donald Trump has issued an executive order aimed at fostering a supportive environment for the cryptocurrency industry in the United States. This directive, announced on Thursday, seeks to establish policies that will provide a solid foundation for digital assets within the country. The order also explores the possibility of creating a 'digital asset stockpile.'The executive order marks a significant shift in federal policy towards cryptocurrencies, potentially allowing the sector to advance under a more favorable framework set by the White House. While such orders are typically the starting point rather than the conclusion of policy development, this move by the pro-crypto president is seen as a crucial first step. Following the announcement, Bitcoin experienced a brief surge, climbing above $106,000 from around $103,000, before settling back to $103,500, reflecting a 0.51% decrease over the past 24 hours.The order includes provisions to protect individuals involved in the crypto space from legal repercussions, provided their activities are lawful. It establishes a working group led by Trump's crypto and AI advisor, venture capitalist David Sacks, and includes various Cabinet officials, as well as the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission. Although the order does not immediately create a strategic bitcoin reserve, it instructs the working group to assess the feasibility of establishing a national digital asset stockpile.Additionally, the order prohibits any work on a U.S. central bank digital currency (CBDC) during Trump's administration. It explicitly bans agencies under his authority from taking any steps to establish, issue, or promote CBDCs within the United States or internationally. This decision comes after a period of uncertainty among crypto insiders, who were anxious about the administration's stance on digital assets. Meanwhile, leaders at the U.S. markets regulators, including the SEC and CFTC, have been preparing to transition digital asset businesses out of the regulatory challenges imposed by previous officials.