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Bitcoin’s adoption is growing, as Sunnyvale Public Safety Officers’ Association (PSOA) in California made history by becoming the first police and fire association in the United States to hold Bitcoin on its balance sheet. This move is part of the “Get Off Zero” initiative by Proof of Workforce, aiming to persuade organizations to allocate a portion of their assets into Bitcoin. PSOA’s decision marks a big milestone in the adoption of cryptocurrency within public safety organizations, following a growing trend of institutional interest in digital assets, such as when the US government established the Bitcoin reserve. A key reason for PSOA’s move to include Bitcoin on its balance sheet is diversification. This strategy may be a great way for the group to protect its funds in case the regular markets experience ups and downs, which they tend to do every so often. PSOA itself is a non-profit, collective bargaining unit representing over 200 public safety professionals in Sunnyvale. The members serve the community as police officers, firefighters, emergency medical technicians (EMTs), and emergency dispatch professionals. Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law Their action to adopt Bitcoin could set a precedent, potentially encouraging other public safety and governmental agencies to explore cryptocurrency as a viable asset class. That said, the current crypto market isn’t doing all that well. Bitcoin has dropped below the $80k mark, which is its lowest price since November last year. But to be fair, the entire financial market has been taking a hit recently, where even the big companies such as Apple, Microsoft, Alphabet, NVIDIA, and the rest suffered big losses in the last 24 hours. Founded by Dom Bei, Proof of Workforce is an organization dedicated to advancing Bitcoin adoption across various sectors. The “Get Off Zero” initiative specifically encourages entities to allocate at least a minimal portion of their assets into Bitcoin, moving away from having zero exposure to cryptocurrency. In addition, it was announced that Bei is scheduled to speak at the Bitcoin 2025 conference in Las Vegas, to be held on May 27-29. Considering the Sunnyvale news, it is likely he will discuss this initiative and its impact on associations like the PSOA. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$ELX The $ELX Network's ELX/USDT is on absolute fire, surging an astonishing 35.16% in the past 24 hours 🔥! With a high of $0.7654 and a low of $0.3966, ELX has been riding a massive wave of momentum, leaving investors and traders wondering if this is just the beginning of a prolonged rally 🤔. 📊 Why is ELX Pumping? Unpacking the Key Drivers📊 $ELX Several factors are contributing to ELX's remarkable surge: 1️⃣ Massive Trading Volume: 48 Million ELX Exchanged! 📈 The trading volume has skyrocketed to 48.23 million ELX, signaling strong investor interest and a potential major market move 📊. 2️⃣ Bullish Breakout Above Key Resistance Levels 🚀 The 5-day moving average (MA) is at $0.5647, just below the current price, while the 10-day MA sits at $0.4920, showing strong short-term momentum 📈. The 20-day MA of $0.4899 suggests ELX has broken out of consolidation mode and is poised for further growth 🚀. 3️⃣ Market Sentiment: FOMO is Real!🤯 With ELX up over 35%, fear of missing out (FOMO) is kicking in, causing traders to pile in, hoping for an even bigger breakout 🚀. 🤔 Can ELX Hit $1 Soon? Analyzing the Potential 🤔 $ELX Given today's price action and trading volume, ELX has the potential to test $0.80 - $1.00 in the coming days if momentum holds 📈. However, resistance at $0.76 - $0.80 could cause some short-term pullbacks 📊. 📊 Key Levels to Watch: Support and Resistance Zones 📊 ✅ Support $0.50 - $0.56 (Strong buying zone) 🛍️ ✅ Resistance: $0.76 - $0.80 (Breakout confirmation needed) 🚫 📝 Final Verdict: ELX is the Coin to Watch! 📝 With today's explosive 35% rally, ELX has everyone's attention 🔥. Whether this is just the beginning or a temporary spike, one thing is clear – Elixir Network is making big moves, and traders should be paying attention! 🚨.$ELX

Solana’s Revenue Crashes 93% from its January peak, according to DefiLlama 📉 🔍 Breaking It Down: 🔻 In January, Solana was on fire, driven by insane meme coin trading, NFT activity, and DEX volume. 🔻 But now, revenue has collapsed as trading volumes cool down and network activity slows. 🔻 The sharp drop raises concerns—was the January peak just hype-fueled, or can Solana sustain long-term adoption? 📊 Looking at the Chart: 🚀 Massive spike in early 2025, followed by a steady decline. 💰 Revenue now back to pre-hype levels – a natural correction or a warning sign? 👀 Keep an eye on how Solana developers and traders respond to this shift.

🇺🇸 NEW: Sunnyvale Public Safety Officers’ Association has adopted the Proof of Workforce’s “Get Off Zero” initiative, making it the first police and fire agency in the US to hold $BTC on its balance sheet.

We all remember where we were when president Donald Trump stood in front of a large crowd and promised to create a “crypto army” to defeat former president Joe Biden in the presidential race of 2024. It was the start of a revolution. I could not believe my ears. But then Trump took it a step further by promising to free Ross Ulbricht, the founder of Silk Road and the crypto community’s favorite hero, after his mother pleaded with him at a campaign. It was surreal, but he didn’t stop. Trump kept talking about us, about Bitcoin, and promising to free the industry from the shackles that Biden and specifically former SEC chair Gary Gensler had it in. Donald Trump with Tyler and Cameron Winklevoss. Source: Tyler Winklevoss. It felt glorious, and the crypto elites all rallied around him almost instantly, because finally, here was a guy running for the most powerful job on the planet, saying with his own mouth, that he’ll stand by crypto enthusiasts. It’s never happened before, so of course we all fell for him, including myself. When he got shot at during that fateful campaign rally in Butler, Pennsylvania, the crypto community was beside itself with horror. Here was our hero, missing death by just a few inches. If they had gotten him, it would have been over for us. But they didn’t, and after he got back on his feet, Trump promised to fire Gary on “Day 1,” he also promised to mine all of the remaining Bitcoins in the world in America, while on a mission to make it the “crypto capital of the planet.” President Trump with David Sacks and Bo Hines, signing the executive order for a Bitcoin strategic reserve in the Oval. Source: David Sacks Twitter/X. Gemini’s Winklevoss twins, Ripple executives, Cardano’s Charles Hoskinson, Strategy’s Michael Saylor, Coinbase’s Brian Armstrong, and many others in the industry donated to his campaign. And after an outstanding run, beating both Biden and his supposed successor Kamala Harris, Trump won the election. He became president again, making history as both the first person to ever do that and also the first person to call himself “crypto president,” a title we’d seemingly reserved for El Salvador’s president Nayib Bukele. But seeing as Nayib is a huge fan of Trump himself, we don’t think he cares very much about that at all. January, the first disappointment Precisely two days before Mr. Trump’s inauguration, he decided to launch a meme coin, calling it $TRUMP. Then less than 48 hours later, his wife Melania also launched hers, $MELANIA. Both turned out to be sloppy rug pulls, and investors lost billions, while Trump and his backers allegedly made $350 million cumulatively. Trump had promised us a national Bitcoin reserve during the campaign, inspired by the ever-iconic Senator Cynthia Lummis, but the executive order for that didn’t come until January 23rd, and he called it a “Digital Asset Stockpile.” It didn’t mention Bitcoin at all, just stablecoins because apparently, they are the key to keeping the Almighty dollar on top. He then said he was gonna ban CBDCs too. Of course the industry found all that weird and while we were all scrambling to understand exactly what our hero is doing, we failed to see that he actually has absolutely no idea what he’s doing himself. Trump’s exact words were: “We’re promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide.” There was a ton of backlash, but then he’d free Ross, so the community decided to wait on him a bit, give him the benefit of the doubt. And boy, it is a little embarrassing to see how wrong we were. February, the second disappointment The elites clearly applied some financial pressure on Mr. Donald Trump, because out of nowhere whilst in the middle of unnecessary trade wars with three different countries, the president finally announced that he was launching a crypto strategic reserve. But get this, his first announcement only mentioned SOL, ADA, and XRP, which was a little weird. Though after being called out, he threw us a bone by going like, “Oops, yes, Bitcoin too, and Ether. I love them!” That was March 6th. On March 7th, he hosted the first-ever White House crypto summit, with attendees like Brian, Brad Garlinghouse, Crypto Czar David Sacks, Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, Michael Saylor, and Tyler and Cameron Winklevoss. (From the left) Howard Lutnick, Scott Bessent, Donald Trump, David Sacks, Bo Hines, Brian Armstrong, and Michael Saylor at the crypto summit. Source: White House X/Twitter But even that was nothing but pure disappointment. The Bitcoin reserve’s executive order had said that the US wouldn’t be buying any more Bitcoin but would instead use the ones it already got, through forceful seizures over the years. At the summit, Trump said America wouldn’t sell any of its Bitcoin, then followed up with a reality-inducing comment: “From this day on, America will follow the rule that every Bitcoin [holder] knows very well. Never sell your Bitcoin. And that’s a little phrase that they have. I don’t know if that’s right or not. Who the hell knows, right?” he said. Take a look at Bitcoin maxi Saylor’s reaction to that in the picture below. It’s the same as this author’s: While Trump was signing the executive order in the Oval with David Sacks, David was explaining to him that this order will be fulfilling the promises he made to make America the crypto leader and free crypto users, Trump said: “I said that? And this is something you believe in, right?” The truth of the matter is Trump never had any real plan for crypto, he doesn’t understand anything about it, or how it even works. And he could care less about our beliefs. He’s actually more of a crypto hostage than hero at this point. He’s not quite sure what to do with us, but since our elites have spent hundreds of millions of dollars and sees more coming via alleged insider trades, he has no choice but to humor us every once in a while, kind of like he’s doing with Elon Musk, but hey, that’s a different story for a different article. Trump is not the hero crypto wanted, but he’s the one we got, and we’re stuck to him now.