Gate News update: On April 9, Ethereum developer Joe Schiarizzi is running for Congress in Virginia as a Democrat. Joe Schiarizzi says he is against Trump and argues that cryptocurrencies should focus on public-interest use cases, not be used for political profit. He also criticizes some lawmakers who support cryptocurrencies as opportunists, saying these people have no real interest in the underlying crypto technology.

Gate News update: On April 8, according to Gate market data, as of the time of this release, JOE (LFJ) is trading at $0.0747. In the past 24 hours, it is up 59.55%, with a high of $0.064 and a low of $0.0352. The 24-hour trading volume reached $625,300. The current market cap is approximately $30.1268 million. Trader Joe is an all-in-one decentralized trading platform on the Avalanche network. JOE is a governance token, and it also rewards its holders with a share of exchange revenues. This news is not investment advice. Investing involves risks, including market volatility.

Alibaba Group Chairman Joe Tsai stated that AI's potential lies in the application layer, promoting popularization to benefit society. China plans to achieve comprehensive AI empowerment by 2030, with intelligent application penetration exceeding 90%. Alibaba will focus on innovation to seize market opportunities.

Strive Vice President of Strategy Joe Burnett stated that AI-driven productivity improvements will lead to falling prices for goods and services and create deflationary pressures, prompting policymakers to adopt monetary expansion measures. Bitcoin is expected to reach a market value of $11 million by 2036, accounting for 12% of global financial assets.

On February 13, it was reported that at the 2026 Hong Kong Consensus Conference, Sharplink Gaming executives emphasized the strategic value of Ethereum (ETH) in institutional investment. Chairman Joe Lubin and CEO Joseph Chalom pointed out that Ethereum is not only a digital asset investment tool but also an important component of corporate fund management and financial infrastructure. Lubin emphasized that Ethereum is a productive asset that can generate stable returns through staking. Sharplink has allocated the majority of its Ethereum holdings for staking, with an annualized yield of about 3%, and plans to continue accumulating Ethereum to deploy permanent capital for long-term appreciation. Chalom added that this strategy differs from ETFs or passive investment tools, as it does not chase high-risk projects but seeks the best risk-adjusted returns, embodying the concept of “quality institutional DeFi.”

At the Hong Kong Consensus Conference, Sharplink Chairman Joe Lubin and CEO Joseph Chalom discussed institutional strategies for digital asset vaults, emphasizing ETH's productivity and staking yields. They plan to continue purchasing and staking ETH and seek to achieve risk-adjusted returns through DeFi. Additionally, Lubin predicts that every company in the future will become a blockchain company.

As discussions around digital asset custody and sovereign reserves unfold at the federal level in the United States, states are accelerating their deployment of Bitcoin strategies. Recently, Florida officially proposed legislation to establish a state-level Bitcoin reserve fund, marking its entry into the ranks of New Hampshire, Texas, and Arizona, and becoming one of the key states promoting the "Bitcoin Standard." This move is seen as a critical milestone in the evolution of U.S. cryptocurrency policy. According to publicly available information, Florida Republican Congressman John Snyder submitted House Bill No. 1039 on January 7, proposing the creation of an independent strategic cryptocurrency reserve fund outside the state financial system. Meanwhile, Senator Joe Gruters also introduced Senate Bill No. 1040 and No. 1038, focusing on building trust structures and management frameworks to ensure that the state government can hold and manage sovereign-level digital assets in a compliant and long-term manner.

PANews January 8 News, according to Coindoo reports, Florida lawmakers are restarting plans to include digital assets in the state's balance sheet, this time establishing a strict framework that effectively only qualifies Bitcoin. Representative John Snyder introduced House Bill 1039, which will lay the legal groundwork for a state-level strategic cryptocurrency reserve. The core of the proposal is a strict qualification threshold. Any cryptocurrency purchased for the reserve must have an average market capitalization of at least $500 billion over the past 24 months. In practice, this requirement currently only includes Bitcoin, as its market cap remains well above $1 trillion. Other major assets, including Ethereum, do not meet this benchmark. Snyder's efforts received support in the Senate, where Joe Gruters previously submitted Senate Bill 1038 in December 2025.

Florida State Senator Joe Gruters has introduced SB 1038 and SB 1040. The former proposes the establishment of a strategic cryptocurrency reserve, while the latter establishes a cryptocurrency reserve trust fund. The bills will take effect on July 1, 2026, contingent upon the passage of the relevant legislation.

Golden Finance reported that Joe Burnett, strategic director of Bitcoin treasury company Semler Scientific, stated in a post on the X platform that 8 million Bitcoins have been transferred in the past 12 months.