Crypto Markets Steady as US Bitcoin Reserve Plans and MegaETH Debut Take Focus

News from the US regarding the strategic Bitcoin Reserve. MegaETH (MEGA) celebrates its stock market debut tomorrow, and Chiliz is eagerly anticipating the FIFA World Cup. With the Block Builders Briefing, you’ll know what’s important and what’s coming up.

Bitcoin traded sideways at around $77,000 on Wednesday morning

Bitcoin ETFs reported a $90 million outflow of capital on Tuesday.

At the Bitcoin 2026 conference in Las Vegas, Patrick Witt, a high-ranking representative of US President Donald Trump’s crypto team, spoke. Witt said that a “major announcement” regarding the US strategic Bitcoin reserve is expected “in the coming weeks.” Trump had outlined the plan for a government-backed BTC reserve during his election campaign and issued an executive order to that effect in March 2025.

However, a legal framework and a strategy for how the US could accumulate Bitcoin on a large scale in a “budget-neutral” manner are still lacking. Witt said that a “breakthrough” had been achieved in the White House on how to account for BTC, and now negotiations with lawmakers were necessary.

The US is currently “hodling” around 200,000 BTC from criminal and civil proceedings. The goal is to increase these holdings to 1 million Bitcoin within five years. Other countries could follow an aggressive Bitcoin strategy adopted by the US.

Ethereum climbed slightly by 1 percent to just over $2,300 on Wednesday morning

Meanwhile, Ethereum ETFs saw a $22 million outflow of capital the previous day.

Tomorrow, Thursday, the highly anticipated stock market debut of MegaETH (MEGA) will take place. The project generated considerable hype during the MEGA presale in autumn 2025 , and the MegaETH mainnet has been live since February. It boasts the fastest Ethereum sidechain, capable of handling 100,000 transactions per second.

Ten decentralized applications (dApps) will be live for MEGA’s stock market debut, fulfilling a pre-defined criterion. MEGA was offered at $0.099 during the presale; the MegaETH coin is currently valued at just under $0.16. Now, it remains to be seen how MEGA will perform on the open markets.

Today’s winner is Humanity Protocol (H) with a 27 percent increase

The project aims to organize decentralized identity verification, which is proving attractive for Humanity given the increasing number of AI agents.

AI agents are also the focus of DEXE, the day’s biggest loser with a 12 percent drop. DEXE aims to build a foundation for transparent cooperation between artificial intelligence and humans.

The crypto sentiment barometer is currently at “Neutral”, while in the background there is again a sense of “fear” due to the high oil price and the stalemate at the Strait of Hormuz.

With six weeks to go until the kickoff of the FIFA World Cup, Argentina and Portugal are the two national teams that already have fan tokens. Chiliz (CHZ) , the leading standard for such fan tokens, announced in a blog post that it will complete a technological overhaul in time for the World Cup.

Chiliz fan tokens will also become available outside of its own CHZ blockchain; the expansion will initially focus on Solana and Base. Chiliz estimates that around 2.5 million SOL and Base wallets will then be able to directly handle fan tokens, and speaks of a “next era.” Betting markets like Polymarket are certain to benefit from the World Cup.

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(Featured image by RDNE stock project via Pexels)

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