4E: White House advisor proposes establishing a federal cryptocurrency reserve, SharpLink launches $1.5 billion buyback

According to 4E observations, the new White House cryptocurrency advisor Patrick Witt stated that establishing a federal cryptocurrency reserve will be one of his top priorities. After succeeding his predecessor Bo Hines, he has outlined three main focuses: accelerating Senate market structure legislation; urging the swift implementation of the "U.S. Stablecoin Guidance and National Innovation Act" (GENIUS Act); and promoting the establishment of a federal cryptocurrency reserve. Witt emphasized that there will be no "gap" in advancing U.S. cryptocurrency policy, and inter-agency collaboration and legislative pace will remain intense.

At the corporate level, SharpLink Gaming announced a $1.5 billion stock buyback plan, having repurchased approximately 1 million shares of SBET. The company stated that the current stock price severely undervalues its intrinsic value, and the buyback is expected to bring compound growth to shareholders. SharpLink disclosed that the company holds $3.6 billion in Ethereum (ETH), almost all of which is staked, and has no debt burden.

In the intertwining of politics and business, Eric Trump, the second son of Trump, was removed from the ALT5 Sigma board due to Nasdaq rules, retaining only an observer status. Zak Folkman, COO and co-founder of World Liberty Financial, will fill the vacancy on the board. Sources indicate that stablecoin issuer Figure plans to expand its IPO size, increasing shares to 31.5 million and raising the price range to $20-22.

4E reminds investors: The advancement of policies, corporate buybacks, and IPO expansions all release positive signals, but the regulatory pace and market expectations still have uncertainties. Investors are advised to pay attention to U.S. legislative and institutional movements and manage their positions and cycles effectively.