Today on Crypto Twitter: Ronaldinho Launches His Token, Trump’s Strategic Crypto Reserve Fuels Debate 

Trump’s announcement sent crypto prices soaring, with Bitcoin reclaiming $90,000 and many altcoins following suit.

According to Trump’s executive order, the Presidential Working Group will now investigate how to form the reserve and position the U.S. as the crypto capital of the world.

At the same time, Ronaldinho launched his official token, STAR10, adding to the day’s big news. With both stories making waves, here are the top three discussions on Crypto Twitter today.

1. Ronaldinho Responds to Security Concerns Around His STAR10 Token 

On March 3, football star Ronaldinho launched his official token on the BNB Chain. Named STAR10, the cryptocurrency aims to celebrate greatness, passion, and that legendary spirit that never fades, as Ronaldinho shared in his post on X.

STAR10 holders are promised benefits like signed collectibles and access to Ronaldinho’s AI agent. But are these benefits truly for investors, or is it just another token created to profit from insider trading?

Given the history of other celebrity-led crypto projects and their performance, there are big concerns. Ronaldinho himself was previously accused of involvement in a crypto fraud scheme.

As for the STAR10 token, it became the #1 trending coin on DEX Screener, with a market cap of over $24 million at the time of writing. However, the token has already dropped by 25% from its all-time high.

The concerns don’t stop at market fluctuations. Data from GoPlus Security, shared by Binance CEO CZ, raised alarms about the security of the STAR10 token. 

According to the report, the tokens are at risk of being destroyed because ownership has not been renounced, meaning certain individuals still have administrative rights and can control the token’s smart contracts at their discretion.

In response, Ronaldinho claimed that ownership has been renounced, and the locking period has been extended. Despite his reassurances, users continue to point out a major issue: Four wallets currently hold 85% of the total supply of STAR10, raising concerns about the concentration of power.

2. Joe Consorti Questions U.S. Crypto Reserve: ‘Why Build a Reserve of Dogshit?'

Joe Consorti, Head of Growth at the Bitcoin self-custody solution Teya, is one of the harshest critics of the recently announced strategic crypto reserve plan.

In a post on X, he didn’t hold back, questioning the entire concept of the reserve: “What’s the point of building a reserve of ‘dogshit that hasn’t made new highs in 5 years?’” he asked, adding, “They already have US Treasuries.

But Consorti’s criticisms didn’t stop there. He speculated that Trump’s executive order didn’t actually direct the working group to include XRP, SOL, and ADA in the reserve plans. “This is paid marketing”, Consorti claimed, “just for pumping bags”.

Naturally, the post sparked heated debate in the comments. Some users fired back, challenging Consorti’s take, arguing that the world of crypto is multichain and that Bitcoin maximalists, like Consorti, need to face reality.

It’s a familiar argument, one that’s been brewing since crypto’s early days and shows no sign of slowing down anytime soon.

3. Peter Schiff Calls Bitcoin Digital Gold, Asks What the Rationale Is for an XRP Reserve

In an unexpected post, Peter Schiff, one of Bitcoin’s biggest critics, surprised many by acknowledging the idea of a Bitcoin reserve and calling Bitcoin digital gold. 

While Schiff stated he doesn’t fully agree with the concept, he does understand the reasoning behind it.

We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too.

On the other hand, the stockbroker questioned the need for an XRP reserve, asking, “Why the hell would we need that?”

Schiff’s remarks sparked plenty of discussion, with Bitcoin investor Dan Held joking about how “interesting times” are when he finds himself agreeing with Schiff.

Meanwhile, others, including Charles Hoskinson, backed the idea of an XRP reserve, highlighting the cryptocurrency’s strong tech, security, and one of the most passionate communities in the space.