Speculations on the next chair of the Securities and Exchange Commission continue to swirl as incoming US President Donald Trump remains mum on the issue. Related Reading: Trump Enters The Crypto Arena With Bakkt Acquisition – Details Several names have been floated, with XRP’s John Deaton and SEC’s Mark Uyeda being two recent figures in […]
The role would be the first-ever crypto-specific White House role and may report directly to Trump, Bloomberg reported.
Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?
Cryptocurrency continues to gain prominence under the administration of incoming US President Donald Trump as a crypto trading firm may soon become part of the companies owned by the billionaire president. Reports disclosed Trump Media eyes to acquire the Bakkt crypto company to gain a foothold in the digital asset industry. Related Reading: Crypto Milestone: […]
Trump's choice for commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
A financial research company analyst expects Bitcoin to continue its price surge until year-end as it rides on bullish technical indicators and increasing market demand. In a CNBC interview uploaded via YouTube, Fundstrat’s Tom Lee shared his thoughts on Bitcoin’s continuing dominance in the context of incoming US President Donald Trump’s convincing election. Related Reading: […]
Donald Trump’s media venture, the Trump Media and Technology Group (TMTG), is reportedly in advanced negotiations to acquire Bakkt, a crypto trading platform owned by the Intercontinental Exchange (ICE). Trump Sets Sights On Crypto Expansion According to sources familiar with the ongoing discussions, TMTG is considering an all-share purchase of Bakkt, although the exact valuation remains unclear. As of Monday, Bakkt’s market capitalization was just over $150 million. Related Reading: The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40% TMTG, which Trump has pledged to maintain a 53% stake in, has gained considerable attention in the stock market since the former president’s election victory on November 5. Despite reporting only $2.6 million in revenues this year, TMTG boasts an equity valuation of $6 billion, providing it with a robust currency for potential acquisitions. Following the announcement of the acquisition talks, Bakkt’s shares jumped 86%, reflecting investors’ optimism about the potential acquisition. TMTG’s share price also rose significantly by around 14%. TMTG Explores All-Share Purchase Of Bakkt Founded by ICE, Bakkt was initially designed to facilitate a range of crypto services, including a custody business aimed at holding the industry’s leading digital assets, Bitcoin (BTC) and Ethereum (ETH), for clients. However, this part of the crypto business has struggled, with reported operating losses of $27,000 against revenues of only $328,000 for the third quarter of the year. Consequently, it is expected that TMTG’s acquisition will not include Bakkt’s custody operations, which are likely to be phased out. Related Reading: MicroStrategy Makes Record $4.6 Billion Bitcoin Purchase, Largest Yet In terms of user engagement, Trump’s Truth Social remains relatively small, averaging around 646,000 daily visits compared to the 155 million daily visits on Elon Musk’s X platform. Still, the president-elect’s investment in TMTG is significant, accounting for more than half of his estimated $5.7 billion net worth, according to Bloomberg. Featured image from LA Times, chart from TradingView.com
It’s unclear whether the U.S. government has the authority to use seized bitcoin to constitute a strategic reserve.
According to Coinbase CEO Brian Armstrong, the planned Department of Government Efficiency, or DOGE, offers incoming President Donald Trump a once-in-a-lifetime opportunity to fix the country’s bloated bureaucracy. Related Reading: Crypto Milestone: Spot Bitcoin ETF Options Get CFTC’s Stamp Of Approval Armstrong shared his views via a Twitter/X post, saying that cutting the government’s size […]
Gemini’s Tyler Winklevoss joins the growing chorus of crypto personalities calling out Chairman Gary Gensler of the Securities and Exchange Commission (SEC). Related Reading: Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To Bold Prediction In a Twitter/X post, the Gemini co-founder lashed out at the agency’s chief, calling him “evil.” In the same […]
As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC). Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be on the verge of resigning, possibly before Trump’s inauguration in January 2025. Pro-Crypto Candidates In The Running To Succeed Gensler According to sources close to the situation, Terret says Gensler’s resignation, which would leave his term, set to expire in 2026, uncompleted, is expected to be announced after Thanksgiving. However, while Gensler has faced heavy criticism during his tenure for his strict regulatory approach to the crypto industry, the identity of his successor remains uncertain. Related Reading: How Low Can Dogecoin Go Before Rallying Again? Expert Forecast Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has dismissed rumors regarding his nomination, while several other candidates are being considered. Among the names in the mix are Dan Gallagher, Chief Legal Officer at crypto exchange Robinhood; Bob Stebbins, a partner at Willkie Farr; former SEC Commissioner Paul Atkins; and Paul Hastings lawyer Brad Bondi. Terret suggests that Gallagher, while initially reluctant to leave Robinhood, may reconsider as the dynamics of the administration’s appointments shift. Stebbins, who has close ties to Jay Clayton, a former SEC chairman, is rumored to be a favored candidate, though he lacks a crypto background. Still, sources suggest he would follow the Trump administration’s lead on digital assets. Atkins and Bondi are both known for their pro-crypto stance, advocating for a “lighter regulatory touch.” Atkins serves on the board of the Digital Chamber of Commerce and co-chairs its Token Alliance, focusing on token issuance growth. Bondi has been involved in advising decentralized finance (DeFi) projects, indicating a commitment to fostering innovation in the crypto space. Trump Plans Resource Allocation For CFTC Other names circulating in crypto circles include former CFTC Chair Heath Tarbert, former Acting Comptroller of the Currency Brian Brooks, and former SEC Investment Management Director Norm Champ. Champ recently expressed his willingness to serve if asked, signaling his interest in a potential role in the upcoming administration. In addition, pro-crypto SEC Commissioner Mark Uyeda is reportedly open to taking the chairmanship, possibly as acting chair, while fellow Commissioner Hester Peirce, dubbed the “crypto mom” of the agency, has privately indicated her disinterest in the role. Related Reading: Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally With these leadership changes on the horizon, Terret anticipates that the new SEC chair will be pro-crypto, while also being equipped to handle the broader responsibilities of the agency, which include oversight of public companies, the stock market, the bond market, private funds, and the consolidated audit trail (CAT). Compounding the speculation is the expectation that the Trump administration may also increase the CFTC’s role in cryptocurrency regulation. Terret asserts that the administration is considering allocating more resources to the CFTC, although the specifics of how this will be implemented remain unclear and would likely require additional funding. Featured image from DALL-E, chart from TradingView.com
President-elect Donald Trump’s new US department has not yet come to life but is already sparking the interest of a US ally in the Asia-Pacific region. The Japanese government shows great interest in how the new US Department of Government Efficiency, or DOGE, will function and how its appointed head Tesla founder Elon Musk would bring […]
A decentralized finance platform associated with upcoming US president Donald Trump would tie up a deal with a well-known oracle provider. A strategic partnership is seen by many as an alliance that could play a pivotal role in transforming decentralized finance technology. Related Reading: Bhutan’s Bitcoin Treasure Crosses $1 Billion Mark – A 2024 Success […]
Expectations of improving economic policies under the Trump administration may drive Bitcoin’s price above $100,000 before the end of the month.
Representative Matt Gaetz of Florida is the latest name to get a post under Trump’s second administration. He will serve as the next Attorney General. The Florida lawmaker has previously shown his support for crypto and the blockchain and has caught media attention for his vocal opinions on digital currency policies and federal oversight. Related […]
Summer Mersinger, a Republican CFTC commissioner who has urged the regulatory to take a more accommodating stance on crypto, is among those under consideration
US President-elect Donald Trump is continuing to shape his administration with pro-crypto figures by nominating Bitcoin-friendly Congressman Matt Gaetz as Attorney General. On Nov. 13, Trump announced that he was picking Gaetz to focus on dismantling government weaponization, securing borders, curbing criminal organizations, and restoring public trust in the Justice Department. Gaetz’s nomination stirred mixed reactions […]
The post Trump nominates pro-Bitcoin lawmaker Matt Gaetz to serve as US attorney general appeared first on CryptoSlate.
World Liberty Financial's WLFI token is only available to accredited investors inside the United States and non-US residents.
Gaetz’s nomination for US attorney general signals a potential shift in the DOJ’s stance on crypto, innovation and regulatory policies.
Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024.
Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.
Dogecoin was initially an “inside joke” among crypto enthusiasts but soon became one of the top 10 biggest digital assets by market cap. Today, it’s worth $55.31 billion based on current prices and has been slowly increasing in value recently. Based on technical and market charts, the popular meme coin has broken out of its […]
The 2024 elections marked a significant turning point for the crypto industry, with a pro-crypto president-elect advocating for the U.S. as the "crypto capital of the planet," paving the way for a shift from regulatory enforcement to a clearer, more predictable regulatory framework that will facilitate mainstream adoption and innovation in the sector, says Christopher Perkins.
Recently, there have been significant fluctuations in the prices of Bitcoin; presently, they oscillate between $87,000-$87,500. This may not be eye candy to investors who are currently on the sidelines waiting for the coin to hit $90k, particularly the release of CPI data set today, November 13. This news is perceived by analysts to have a considerable influence on market sentiment and the expected direction of the alpha crypto asset. Related Reading: XRP Price Patterns And 2024 Election Spark Talk Of A New Rally The Barometer For Inflation Reflecting changes in the prices consumers pay for goods and services, the CPI report is a main indication of inflation. Expectations about the CPI can cause more volatility in the bitcoin markets as inflation rates affect the Federal Reserve’s choices on monetary policy. Recent trends imply that should inflation remain lowered, the Federal Reserve might cut interest rates—historically this has had a positive effect on Bitcoin prices. Reduced borrowing rates sometimes inspire investment in risky assets such as cryptocurrencies, hence increasing demand for Bitcoin. #Bitcoin is up to $90,000 and I think we’re about to get started with the markets. The sweet spot is having a 10% correction towards the CME gap before we continue. I’m slightly bearish going into CPI tomorrow. pic.twitter.com/dfpUc2df1k — Michaël van de Poppe (@CryptoMichNL) November 12, 2024 Growing Investor Trust Famous crypto expert Michaël van de Poppe, the founder of MNConsultancy, said that the current state of affairs in the crypto market corresponds well to the positive assessment of Bitcoin. In case CPI statistics would indicate more cases of inflation drops, he says that this would lead to growing investor trust and higher capital inflows into Bitcoin and other cryptocurrencies. Will Bitcoin Retrace? He also cautions, though, that unanticipated inflation rises could surprise markets and cause pricing adjustments all around. He anticipates a 10% Bitcoin retracement prior to the release of CPI data, targeting a range of $75,660 to $81,193. Market Reactions And Predictions As traders get ready for the CPI figures, the general market mood remains mixed. Some experts think that positive CPI numbers could lead to a rise in Bitcoin prices, but others say that people shouldn’t get too excited. Meanwhile, many investors are still optimistic about the long-run prospects of Bitcoin. The incoming administration of newly-elected US President Donald Trump adds another layer of complexity to market dynamics. Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot According to Van de Poppe, short-term regulatory actions will benefit Bitcoin, but their long-run consequences might be something more complex if control for inflation is not handled well. Meanwhile, as Bitcoin continues in its path for a major price discovery, the focus will be on the CPI data and the impact they have on digital assets. Such an unpredictable environment should be approached with caution by investors while they remain focused on economic events that could swing their investments. At the time of writing, Bitcoin was trading at $87,509, up 2.1% and 17.2% in the daily and weekly timeframes, data from Coingecko shows. Featured image from The VR Soldier, chart from TradingView
Pro-crypto regulation under the incoming Trump administration could push Bitcoin toward $100,000 by early 2025 as institutions accelerate adoption.
The crypto lobby has made its mark on the US presidential elections.
A lot of limelight has been seen recently on Shiba Inu (SHIB) making it one of the hottest topics to consider in the cryptocurrency arena. The price of SHIB rose by more than 70% over the past week, to the delight of investors and dealers. The trading volume has surged to as high as 246%, reaching an unprecedented high of $6.18 billion, putting to rest doubt over where SHIB will trend next. Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot SHIB & The Trump Effect Analysts however contend that the rise in SHIB can be ascribed to the rampant zeal witnessed in the cryptocurrency space fueled by some recent events in the US, including Donald Trump’s election victory, which has invigorated market sentiment – and his endorsement of Elon Musk for a proposed crypto department once he starts work as president. Amidst this anticipation, SHIB has set its sights on a rather steep growth curve. Currently situated a notch below where it should be, this degree of undervaluation points to the potential for a sharp uptrend within a few days from now. In the medium term, SHIB’s price forecast is rather optimistic given the projected 91.16% increase in the price over the next 6 months. This suggests that this meme token could be on an upward trajectory for quite some time as it cements its position among the leading crypto assets. Market Sentiment On The Rise The cryptocurrency landscape, on the other hand, paints a much broader and more optimistic picture, thereby raising a lot of expectations around SHIB. Market experts believe that the victory of Trump has created a market euphoria that complements the rally of Bitcoin and the rest of the digital assets and helps in the upward trajectory of SHIB. Whale Activity Indicates Interest Apart from market mood, on-chain data shows an increase in activity by important SHIB holders, known as “whales.” Data by IntoTheBlock shows that early November saw a notable rise in the volume of these high-value transactions—6.47 trillion SHIB overall. A high level of whale activity typically indicates a strong interest from significant investors, as they position themselves for potential future gains. An indicator that SHIB may be in for another round of price jumps is this pattern of accumulation among large participants. Still fairly fresh off of a confirmed Hidden Bull Divergence and holding broken out, $SHIB (Shiba Inu), in the midst of a roaring Bitcoin market, can be getting ready for its next level performance towards the $0.00081 target! This target’s currently over 306% away and a push to… https://t.co/0ySjEfPQgF pic.twitter.com/DwklAFs8zj — JAVON⚡️MARKS (@JavonTM1) November 8, 2024 Related Reading: Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH — $82k Now Within Reach SHIB’s Route To A Significant Price Target Meanwhile, market observers are currently focusing on a potential target of $0.00081, which would represent a 306% increase from current levels, following recent technical breakouts and a confirmed concealed bullish divergence on the charts. Featured image from DALL-E, chart from TradingView
The Republicans will have total control of the executive branch and all of Congress after the GOP was projected to keep a majority in the House.
Bitcoin price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high on Monday, as investors bet that Donald Trump’s return to the Oval Office will be good for the crypto industry. Related Reading: $1,400 On The Horizon? Solana Breach Of $200 Excites Analysts The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low of $38,4000 and was last at $81,405 having earlier touched a record high of $81,890, data from Coingecko shows. A day after the elections, Bitcoin hit $75k, topping its previous high of $74,797 last March. Bitcoin’s early November price surge isn’t surprising, knowing how Bitcoin and crypto have become a hot election topic. While Democrat Kamala Harris pitched her support for new technologies like AI, Trump was seen as more receptive and favorable to the Bitcoin and crypto community. Bitcoin’s latest surge pushed the asset’s market cap to over $2.7 trillion, data from CoinMarketCap show. Bitcoin Inks Another ATH, Boosts The Crypto Landscape Bitcoin’s bullish price action started last November 5th, when Trump’s numbers showed a convincing win. Earlier Wednesday, Bitcoin’s price hit $75k and soon surged to new highs until, Monday. Bitcoin’s surge also benefited the rest of the crypto industry. For example, with Bitcoin’s price ascent, MicroStrategy’s share price increased, which was confirmed with Coinbase Global. Traders’ optimism is high; even the Dow Jones Industrial Average and the S&P 500 ended the week in black. Trump’s Change In Bitcoin Policy Interestingly, incoming President Trump wasn’t initially keen on Bitcoin and cryptocurrencies. During his first presidency, Trump labeled these digital assets as scams. However, with his recent public appearances and pronouncements, Trump changed his tune and now shows massive support. In one of his campaign speeches, Trump promised to make the US the Bitcoin and crypto capital of the world. He also enjoys the support of many famous crypto personalities, including Elon Musk. Related Reading: SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot—Report Crypto Project Aside from his public statements supporting Bitcoin, Trump has also explored a crypto project. Last September, Trump and his sons and other entrepreneurs launched World Liberty Financial, a digital currency platform. However, technical difficulties and other issues marred the project’s launch. Although Bitcoin and cryptocurrencies are known for their volatility, Trump has led the adoption of digital assets in recent months. Before the elections, he used BTC for retail purchases, the first US president to do so, making it a historic transaction. Featured image from DALL-E, chart from TradingView