Treat narxiTREAT

Buried in the policy language are major signals for Bitcoin—if you know where to look. This isn’t just another crypto paper. It’s about how the U.S. is preparing for a monetary shift. Let’s be clear: the Strategic Bitcoin Reserve is not being shelved or forgotten about. The U.S. will “develop strategies that could be used to acquire additional bitcoin for the Reserve.” This isn’t a pivot. It’s a continuation of a long-range monetary play. How serious is it? The report explicitly states: “The bitcoin in the Reserve will generally not be sold and will be maintained as reserve assets of the United States…” The same way nations treat gold reserves. Bitcoin is named repeatedly and specifically in the context of U.S. reserve infrastructure. The term “Bitcoin” appears 129 times throughout the report—far more than any other digital asset. This isn’t a footnote. It’s the focal point. While the report spends pages on regulating DeFi, stablecoins, and tokenized assets—Bitcoin stands apart. It’s not treated as a security, not lumped in with tokens, and not the focus of new enforcement actions. The distinction from crypto couldn’t be clearer. Mining isn’t framed as an ESG concern. Instead, the report flags potential national security risks tied to the location and infrastructure of mining facilities. The government’s focus? Energy access, chip supply chains, and regional stability. There’s no sunset clause here. The report keeps Bitcoin in scope for future review—allocating interagency responsibilities, legal frameworks, and next steps for Reserve modeling and oversight. The SBR isn’t a pilot—it’s an enduring policy structure. $BTC

RT @stephillipss: “Most people treat their youth as currency instead of investment capital” - Dan Koe Holy bars.

Engulfing Candlesticks: The SnR Cheat Code Most traders treat candlestick patterns like magic. But the real power of engulfing lies in where they form not just the pattern. Here’s how to use them properly with support & resistance 🧵 1min read✅💎

Paul Atkins (@SECPaulSAtkins) is delivering: "I am announcing the launch of “Project Crypto”—a Commission-wide initiative to modernize the securities rules and regulations to enable America’s financial markets to move on-chain." His announcements today signal an even higher priority than we've seen with the Crypto Task Force and prior talk of an innovation exemption. "Despite what the SEC has said in the past, most crypto assets are not securities. But confusion over the application of the “Howey test” has led some innovators to prophylactically treat all crypto assets as such." Whoa. "First, we will work to bring crypto asset distributions back to America. The days of convoluted offshore corporate structures, decentralization theater, and confusion over security status, are over." True story. Let's fix it. "Yesterday, the President’s Working Group on Digital Asset Markets released the PWG Report with clear recommendations for the SEC and other federal agencies to build a framework to maintain U.S. dominance in crypto asset markets." Link in the thread below. "[F]or those crypto asset transactions that are subject to the securities laws, I have asked staff to propose purpose-fit disclosures, exemptions, and safe harbors, including for so-called “initial coin offerings,” “airdrops,” and network rewards. Regarding these sorts of transactions, our goal should be that issuers no longer exclude Americans from their distributions to avoid legal complexity and lawsuits, but instead choose to include Americans to enjoy legal certainty and an accommodating regulatory environment. It is my view that a Cambrian explosion in innovation could occur if we stay true to this course." We're going to bring back ICOs, this time with rules and protections. Last time "ICO" became a dirty word, but it doesn't have to be. "Additionally, many firms seek to “tokenize” their common stock, bonds, partnership interests, and other securities, or tokenize the securities of third parties. Much of this innovation is offshore today due to regulatory challenges in the United States. I also hear from our regulatory policy staff that firms—from household names on Wall Street to unicorn tech companies in Silicon Valley—are lined up at our doors with requests to tokenize. I have asked the Commission staff to work with firms seeking to distribute tokenized securities within the United States and to provide relief where appropriate to assure that Americans are not left behind." Let the tokenization of everything begin 👾 "[A] key priority of my chairmanship is to allow market participants to innovate with “super-apps.” I am often asked, “What do you mean by a super-app?” Plain and simple: securities intermediaries should be able to offer a broad range of products and services under one roof with a single license. A broker-dealer with an alternative trading system should be able to offer trading in non-security crypto assets alongside crypto asset securities, traditional securities, and other services, like crypto asset staking and lending, without requiring fifty-plus state licenses or multiple federal licenses." Interpretation: it will be as easy to start a fintech that deals in securities (including security tokens) as it is to start one that just deals in dollars or crypto commodities. In the future, every fintech will offer you every type of asset, and most of them will be tokens. (Extremely bullish for DTFs and asset-backed currency.) This next quote is long but I'm just pasting the whole section because wow: "I have directed the Commission staff to update antiquated agency rules and regulations to unleash the potential of on-chain software systems in our securities markets. On-chain software comes in many shapes and sizes—some of these systems are truly decentralized and not operated by any intermediary. Other on-chain software systems have an operator. Both types of on-chain software should have a place within our financial markets. It is essential that any crypto asset regulatory market structure create a path for software developers to unleash on-chain software systems that do not require operation by any central intermediary. Decentralized finance software systems—like automated market makers—facilitate automated, non-intermediated financial market activity. Federal securities laws have always assumed the involvement of intermediaries that require regulation, but this does not mean that we should interpose intermediaries for the sake of forcing intermediation where the markets can function without them. "We will create space in our markets for both models, by protecting pure publishers of software code, drawing reasonable lines to distinguish intermediated and disintermediated activity, and creating rational and workable rules of the road for intermediaries that seek to operate on-chain software systems. Decentralized finance and other forms of on-chain software systems will be part of our securities markets and not drowned out by duplicative or unnecessary regulation. "To make this vision a reality, we will need to consider some changes to our rules. For example, accommodating trading of tokenized securities on-chain may require us to explore amendments to Reg NMS, in addition to what we otherwise would do in the normal course to correct market distortions that it engenders. Many of you will remember that I co-authored with Commissioner Cynthia Glassman a lengthy dissent to the adoption of Reg NMS twenty years ago last month. This dissent is even more compelling now that we have had two decades of prescriptive requirements that distort market activity and impede the evolution of our securities markets. Congress clearly intended that “competitive forces, rather than unnecessary regulation, guide the development of the national market system.” I will look for ways to bring us back in line with that intent and thereby promote innovation and competition in our markets." TLDR: They are ready to make some changes to the rules to make way for DeFi. The specific changes are not being talked about yet since we are all collectively still working them out. This is what the Digital Securities Initiative is organized to do and we are proud to be moving the conversation forward. DSI received feedback from the SEC's Crypto Task Force that its proposed framework is exactly the kind of thing they'd like to see tried out under an innovation exemption. We're currently having conversations with companies and projects across the industry about building a working version of the decentralized regulatory enforcement system we've contemplated. The process for receiving an exemption is still being worked out, so we don't have one yet, but all signs look good. "Under my vision for an innovation exemption, innovators and visionaries will be able to immediately enter the market with new technologies and business models but will not be required to comply with incompatible or burdensome prescriptive regulatory requirements that hinder productive economic activity. Instead, they will be able to comply with certain principles-based conditions designed to achieve the core policy aims of the federal securities laws." Go Paul! Links below.

🔍 Token Overview & Current Metrics Blockchain: Solana (contract EswgBj2hZKdgovX...) Price & Market Cap: Roughly $0.0406 – $0.049 USD with a ~$122 million valuation. The 24-hour trading volume remains under $2,000, pointing to minimal liquidity. Supply: 3 B total, 3 B circulating — fixed, no deflationary mechanism. --- 🧭 Project Identity & Token Utility Physis positions itself as a community-driven, human-centric XR metaverse, powered by a multi-chain "Proof-of-Dimension" (PoD) model. Its intended functions include enabling seamless virtual-physical interaction, governance participation, service fees, and in-metaverse commerce. Token distribution channels: Earnable through XR mining (Astralis), operator nodes, staking involvement, and by participating as creators. --- 💬 Credibility Flags & Community Health Low community engagement: Roughly 925 on-chain holders, fewer than 100 Telegram followers, and no active Reddit presence—all signs of minimal outreach. Project safety rating: Rated “D” on scam-detection platforms, citing missing whitepaper, limited transparency, and no verified team disclosures. --- 📉 Price Performance & Forecasts Recent fluctuations: Prices have ranged between ~$0.036 and $0.053 in the past 30 days, with recent trading hovering near $0.040‑0.049. All‑Time High: ~$0.78 in October 2022. The token now trades over 90% below that peak. Forecast models: PriceForecastBot’s AI-driven forecast suggests a gradual rebound to ~$0.14–0.18 by late 2025–2026, though such technical predictions carry considerable uncertainty for low-cap assets. --- ✅ Perceived Strengths Unique Metaverse Angle: Visionary focus on immersive XR across virtual and physical dimensions sets it apart conceptually. Clearly-defined utility structure: Governance, node operation, and creator rewards baked into token mechanics. Fixed supply transparency: No hidden inflationary policies; token count known and unchanging. --- ⚠️ Major Risks Severe liquidity issues: <$2K volume means order slippage is likely, and trade exits may be challenging. Minimal transparency and community traction: Poor engagement raises questions about long-term sustainability. Possible credibility concerns: Red flags include no published audits or whitepaper, low developer presence, and weak community signal. Speculative pricing model: Much of the price trajectory may rely on speculative sentiment rather than sustainable on-chain activity. --- 📋 Summary Overview Category Details Token Physis (PHY) on Solana Price ~$0.040 – $0.049 USD Market Cap & Volume ~$122M cap; daily volume < $2K Supply 3 billion fixed supply Token Use XR loyalty rewards, governance, node staking, commerce fees Strengths Unique XR vision, fixed token supply, defined token roles Risks Tiny liquidity, poor transparency, project safety concerns, speculative forecast reliance --- 💡 Final Assessment Physis offers an intriguing storytelling angle within the XR and metaverse space on Solana, with clear token utility plans. However, its negligible liquidity, fragile community presence, and scam-rated safety score significantly dampen its credibility. If you believe in visionary decentralized XR platforms and are comfortable navigating ultra-high-risk, low-volume assets, Physis could be a speculative option. But regardless, treat it as a high-risk, speculative holding — and don’t invest more than you're willing to lose.$PHY