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šæ Ignore the Market, We're Going Up
Some hot takes to take to the water cooler
GM. Happy Tuesday. Keep your heads high everyone. Itās not the first downturn weāve seen, and it wonāt be the last.
Thereās a lot going on in the crypto and AI world these days. We thought it was important to get back to our roots and report some news so you can sound more tapped in than all of your colleagues.
Without Further Ado. ā *knuckle cracks* ā Letās get into it.
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Bar Bites
Thailandās SEC approves Tetherās $USDT as an official cryptocurrency, trading and payment use
š¹š TODAY: Thailandās SEC approves Tetherās $USDT as an official cryptocurrency, trading and payment use starting March 16, 2025.
ā Cointelegraph (@Cointelegraph)
12:49 PM ā¢ Mar 10, 2025
Tl:dr
Tetherās USDT, the worldās largest stablecoin by market cap, has been officially approved by Thailandās Securities and Exchange Commission (SEC)
This regulatory recognition allows USDT to be legally traded on Thai exchanges and potentially accepted for payments, laying the groundwork for broader integration of stablecoins within Thailandās financial ecosystem.
The changes will go into effect on March 16th
Our take
This isnāt absolutely world changing news, but itās certainly not bearish either.
If more governments around the world start adopting stablecoins as official tender, it could start snowballing. Kudos to Thailand.
OpenAI launches new tools to help businesses build AI agents
Tl;dr
OpenAI launched a new API on March 11th enabling developers and businesses to build AI agents that can perform tasks like web searches, file scans, and website navigation using OpenAIās models.
OpenAI also released the Agents SDK, an open-source toolkit to help developers integrate, safeguard, and monitor AI agents, aiming to bridge the gap between demos and practical applications.
Our take
This update is a little more technical than we usually write about, but we think itās significant. AI agents are here, but we think we are at the very beginning of the road to wide scale adoption.
If the most used AI is building these APIs, it seems that they agree with us. Our advice? Start learning how to integrate AI Agents into what you do now instead of waiting for one to replace you.
Trump Announced a Strategic Bitcoin Reserve and Digital Asset Stockpile
Tl:dr
The US government will officially recognize Bitcoin as a strategic holding, similar to gold in Fort Knox, leveraging its fixed supply and decentralized nature.
Instead of selling confiscated Bitcoin at auction (as has been past practice), the government would retain it in a central reserve account. Trumpās executive order explicitly states that any Bitcoin deposited āshall not be sold.ā
The plan does not include direct federal purchases of BTC but allows for ābudget-neutralā methods to expand reserves, such as using proceeds from other seized assets.
Our take
This isnāt the dream announcement a lot of people on crypto twitter were hoping for. In fact, the no federal purchases bit was a bit of a bummer.
But, what if I were to tell you during the depths of the 2023 bear market that the president of the United States would set up a national BTC reserve? Youād be ecstatic. Perspective people. Itās a longer game than twitter would have you believe.
Texas Introduces Bill to Buy $250M in Bitcoin & Other Crypto
Tl;dr
Texas introduced a new $250 million Bitcoin reserve bill, HB 4528.
According to a document released Tuesday, the proposed HB 4258 looks to allocate the capital from its economic stabilization fund.
This is the second attempt at such a digital asset reserve, with its SB 778 receiving bipartisan support. However, that legislation sought to integrate the asset class into the financial infrastructure of the state. Specifically, it sought to allow tax payments and donations to take place in crypto.
Our Take
See, the market is down, but the wheels are turning. Donāt give up hope.
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