Altcoins are experiencing a surge as meme activity declines, while Bitcoin approaches the $100,000 mark and Ethereum continues to show strong performance. There are reports that the SEC plans to drop its lawsuit against Coinbase. Analysts suggest that the acquisition of 1 million BTC reserves could help offset a $21 trillion debt. Notably, the U.S. is projected to purchase 4.2 million BTC for its reserves. Additionally, significant legislative measures are being discussed, with Arizona's BTC reserve bill heading to the Senate and Utah's expected to be voted on in May. The altcoin IP has surged by 150% this week, leading new altcoin momentum, while DEX volume on Sonic has increased by 85%. The market responds as more countries are blocked from FTX payouts, and an African company has made headlines by investing $10 million in BTC. Moreover, a LTC ETF has been listed on the DTCC, and investment efforts continue as discussions arise around yield-bearing stablecoins approved by the SEC.

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