Better Home & Finance and Coinbase are preparing a new mortgage product tied to Fannie Mae-backed loans, according to a Wall Street Journal report published on March 26. 

The product would let some homebuyers use crypto as collateral instead of selling those holdings before closing.

The report said the new offer would allow buyers to “pledge their crypto holdings” when taking out a mortgage backed by Fannie Mae. Better Home & Finance would act as the lender, while Coinbase would support the crypto side of the product.

The structure would use two loans. One would be a standard Fannie Mae-backed mortgage, while the second would be backed by the borrower’s crypto assets.

Reports said Bitcoin and USDC are expected to be part of the program, but full eligibility details were not available at publication time. The report also said the pledged crypto could not be traded while it secures the loan.

Borrowers would not need to sell their digital assets for a down payment. Reports added that rates on the crypto-backed portion could run above standard mortgage pricing.

Fannie Mae’s current selling guide says virtual currency can count only after it is converted into U.S. dollars and placed in a regulated financial institution. That means this new structure would mark a change from the existing approach.

The move also follows a 2025 FHFA order that told Fannie Mae and Freddie Mac to consider crypto holdings in mortgage loan assessments. The new product would take that process further by linking crypto directly to mortgage collateral.

The idea of a sitting U.S. president lending his signature to the nation’s currency is an unprecedented moment in the ongoing relationship between state-backed money and cultural symbolism. According to Reuters, the U.S. Treasury disclosed that President Donald J. Trump’s signature would appear on future U.S. notes as part of a commemorative push tied to the United States’ Semiquincentennial.

The plan would mark the first time a sitting president’s signature appears on U.S. currency, shifting away from the long-standing convention of signatures from the treasurer and the Treasury secretary. Reuters reports that the initial print run of $100 bills bearing Trump’s signature alongside Treasury Secretary Scott Bessent’s is slated for June, with additional denominations to follow in the months after.

Beyond the currency, the U.S. Mint has reportedly considered issuing $1 coins showing the president’s likeness as part of the same 250th-anniversary effort. In late 2025, the Mint released proposed designs featuring Trump’s image and the motto “In God We Trust.”

Trump’s imprint has already threaded through popular culture in various forms, including into cryptocurrencies and collectibles. In crypto circles, a memecoin named after Trump has drawn attention, alongside multiple NFT projects, including the widely publicized Trump Digital Trading Cards.

The Treasury move comes with controversy. Some lawmakers have argued that altering the signatures on U.S. currency would require congressional authorization, casting doubt on the legality of moving ahead without legislative action. The broader cultural reshaping around Trump’s public persona has also spurred diverse reactions, including debates over the renaming of major U.S. landmarks. Reuters and other outlets documented discussions around the John F. Kennedy Center for the Performing Arts, where reports described a board dominated by Trump appointees voting to rename the venue to the “Donald J. Trump and the John F. Kennedy Memorial Center for the Performing Arts.”

In parallel coverage from crypto-focused outlets, Trump’s footprint in the space—through memes, cards, and other collectibles—highlights how political branding can spill into the digital asset ecosystem. While a currency signature may seem esoteric to traders, the episode underscores a broader trend: the fusion of political branding, national symbolism, and the evolving culture around crypto assets.

Key takeaways

• The Treasury’s plan would make Trump the first sitting U.S. president to have his signature appear on U.S. currency, tied to the nation’s Semiquincentennial celebration, according to Reuters.
• The first $100 bills bearing Trump and Treasury Secretary Scott Bessent’s signatures are slated for printing in June, with other denominations to follow later in the year.
• There is reported consideration of issuing $1 coins featuring the president’s likeness as part of the same commemorative initiative, supported by proposed 2025 designs.
• Trump’s presence in crypto culture—through a memecoin and NFT projects—illustrates how political branding intersects with digital assets and community storytelling.
• Lawmakers have raised questions about the legality of changing currency signatures without congressional authorization, reflecting governance and constitutional considerations.

Currency symbolism and the timing of a historic shift

By linking a sitting president’s signature to U.S. currency, the narrative expands beyond monetary mechanics into national symbolism. The Reuters coverage situates the move within a broader commemorative framework for the 250th anniversary of the United States, signaling a potential long-term shift in how currency can carry living political branding. The printing schedule for the initial notes—in June—provides a concrete timeline that will test traditional processes around currency design and circulation.

Commemorative design and potential coin additions

The Mint’s exploration of $1 coins featuring the president’s image indicates a multi-denomination approach to the same commemorative moment. The late-2025 designs had already showcased Trump’s likeness and the inscription “In God We Trust,” suggesting a planned, broad-based branding exercise rather than a narrow currency reform. How these designs would interact with existing patriotic and historic themes remains to be seen, particularly given the regulatory and procedural layers involved in issuing new coinage.

Crypto crosscurrents: branding, memes, and market psychology

The intersection of presidential symbolism with crypto culture is not new, but it continues to shape sentiment and participation in digital asset communities. Reports of a Trump-themed memecoin and related NFT ventures illustrate how political narratives can permeate meme economies and collectible markets, sometimes driving attention and liquidity into otherwise niche corners of the crypto ecosystem. This convergence raises questions for traders and builders about how political branding might influence perception, liquidity, and the cultural value of associated digital assets.

Governance questions and the legislative dimension

Amid the excitement, questions about authorization and legality have surged. Some lawmakers contend that altering currency signatures without congressional action could be unlawful or legally ambiguous, foregrounding a governance tension between executive actions and legislative necessity. Separately, the naming controversy surrounding a major cultural institution—spurred by Trump-aligned appointments—has fed a wider debate about presidential influence over public landmarks and the potential implications for fiscal and cultural policy.

The unfolding story sits at the crossroads of monetary history, national symbolism, and the evolving relationship between politics and crypto culture. As authorities prepare for the first run of Trump-signature notes and potential commemorative coins, market observers will be watching not only for the practical rollout but also for any regulatory clarifications and the way communities across crypto and traditional finance interpret this blend of state power and branding.

Readers should watch for official updates from the U.S. Treasury and the U.S. Mint about certification, design finals, and distribution timelines, as well as any legislative action clarifying the authorization requirements for signing changes on currency. The convergence of currency symbolism and crypto branding could set a precedent for how political narratives shape both fiat and digital-asset narratives in the months ahead.

Bitcoin (BTC) sellers resumed their activity on Thursday as the BTC price slipped below the $70,000 mark.

Analysts said that Bitcoin showed signs of a bear market in its last stages, due to extreme fear and elevated realized and unrealized losses. 

Key takeaways:

• Bitcoin enters the last stages of the bear market, characterized by extreme fear and most BTC supply in loss.

• High unrealized losses and a 96% drop in realized profits suggest “demand exhaustion.”

• $70,000 remains the main BTC level to watch for now, with $65,000-$60,000 support below.

Bitcoin holder losses increase

Bitcoin’s bear market has seen its price draw down by more than 44% from its $126,000 all-time high, reached on Oct. 6, 2025.

This has pushed its Net Unrealized Profit/Loss (NUPL), the difference between total profits and losses currently held by investors, below 0.25, placing it in the “hope/fear zone,” according to data from CryptoQuant.

Related: $18.6B in Bitcoin options expire Friday: Should traders prepare for $75K BTC?

This means, “roughly 40% of Bitcoin’s circulating supply is held at a loss,” CryptoQuant analyst The Enigma Trader said in a Quicktake note.

Coupled with the Fear and Greed Index in the “Extreme Fear” at 15, this “reflects pain and uncertainty,” the analyst said, adding:

“A NUPL recovery above 0.25 would mark a transition into the optimism zone, a shift that has historically aligned with strengthening price momentum.”

This structurally resembles conditions seen in previous bear markets, where the NUPL continued dropping to areas below 0 as Bitcoin found its bottom.  

When analysing the volume of coins held at a loss as a fraction of total market capitalization, Glassnode found that the 7-day simple moving average (SMA) of relative unrealized losses has stabilized at 15%.

“This positions the current sentiment as one of elevated fear,” Glassnode said in its latest Week On-chain newsletter, adding:

“Historically, resolving this level of embedded loss requires either time, further price depression, or an extraordinary and sustained influx of fresh capital within a compressed timeframe.”

Bitcoin’s entity-adjusted realized profit has also dropped from a peak of $3 billion per day in July 2025 to below $0.1 billion today.

This is a more than 96% decline, “offering further evidence of demand exhaustion,” Glassnode said, adding:

“Contractions of this magnitude are a textbook characteristic of a bear market transitioning into its later stages, where the pool of profitable sellers has been largely depleted, and on-chain liquidity thins to cycle lows.”

Meanwhile, CryptoQuant analyst Crypto Dan said that while some indicators suggest BTC/USD bottomed at $60,000, “more consistent and decisive confirmation signals” are required to confirm a true bottom. 

Watch these Bitcoin price levels next

Since recovering from multi-year lows below $60,000, the BTC/USD pair remains stuck in a range with $64,000 as support and $72,000 as resistance.

Bitcoin is now fighting to hold on to the 1w–1m cohort cost basis at $70,200, “marking the developing support floor,” Glassnode said.

However, the cost basis distribution heatmap shows a modest accumulation cluster at this level, making it “vulnerable.” Glassnode:

“A higher probability of a breakdown below this level cannot be dismissed until a more substantial base of committed buyers is established.”

Below that, the next major level to watch is Bitcoin’s realized price around $54,000. The 2022 bear market bottom was formed after Bitcoin dropped toward its realized price. 

On the upside, Glassnode said that the 1m-3m cohort cost basis at $82,200 represented a key overhead resistance, coinciding with a heavy concentration of short-term holder supply above $84,000.

This is a “cohort that could amplify sell pressure whether price stages a recovery toward those levels or faces a renewed episode of market stress,” Glassnode added.

In an X post on Thursday, technical analyst CryptoPatel said Bitcoin’s recent surge to $76,000 was just a lower high, adding that the higher time frame structure points “lower from here,” with the next real area of interest sitting under $50,000.

“Even if $76K breaks, there is another bearish order block between $86,000 and $90,000 waiting right above.”

As Cointelegraph reported, a close below the 20-day exponential moving average at $70,303 could fuel BTC’s price drop toward the $62,500-$60,000 support zone.