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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

A week can feel like an eternity when the zone’s being flooded with FOMO. Last Sunday, Donald Trump tweeted:

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!

It was a big signal to crypto-world, not for what it said but because of what it implied. The Treasury’s holdings of the XRP,…