Alameda Research, the trading firm affiliated with the collapsed cryptocurrency exchange FTX, has initiated legal action against Aleksandr Ivanov, the founder of Waves, in a bid to recover approximately $90 million in assets as part of Alameda’s broader efforts to repay creditors affected by FTX’s insolvency in 2022. Waves Founder Under Fire In a detailed […]
In his latest video analysis titled “These 3 Altcoins Will PUMP Like CRAZY This Week!” popular crypto analyst Miles Deutscher with 533,00 followers on X delves into the potential of three altcoins he believes are set to outperform the market this week: TAO, Spectral, and Neural AI. Deutscher emphasizes that the current market is heavily […]
On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments. According to local media reports, residents will be able to make payments through a platform managed by PayPal from mid-2025 as the city looks to modernize its payment systems. Detroit’s Cryptocurrency Move […]
The cryptocurrency industry has emerged as a notable political force, with over $135 million spent in the 2024 election cycle to support more than 50 candidates across the political spectrum. As of Friday morning, all 48 candidates backed by major crypto political action committees (PACs) have been declared winners, according to Bloomberg, marking a significant […]
Democrat Ruben Gallego was leading in a race for Arizona’s Senate race, while Republican Sam Brown trailed in Nevada.
As President-Elect Donald Trump prepares to assume office, the crypto industry is closely watching his administration’s potential picks for key financial regulatory positions. With promises to end the “war on crypto” initiated under the Biden administration, Trump is expected to overhaul leadership at the Securities and Exchange Commission (SEC) and other financial agencies. Will Dan […]
Either Republicans or Democrats could have control of the House of Representatives in 2025, but a majority of lawmakers favoring crypto policies will still be in Congress.
Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections.
Jeff Hurd and Scott Perry, both in favor of FIT21, won close elections against their Democratic rivals for House seats in Colorado and Pennsylvania.
As the Federal Open Market Committee (FOMC) meets today, the crypto market’s focus is on the Federal Reserve’s forthcoming announcements. Scheduled for 2:00 PM ET are both the Fed Interest Rate Decision and the FOMC Statement, with Fed Chair Jerome Powell’s press conference following at 2:30 PM ET. These events are poised to have significant implications for cryptocurrencies and broader financial markets. What The Crypto Market Can Expect Market participants overwhelmingly anticipate a rate cut. According to the CME FedWatch Tool, 97.5% expect the Federal Reserve to implement a 25 basis points (bps) rate cut. This expectation aligns with recent economic indicators and reflects a consensus that the Fed will continue its cautious monetary easing. “The Federal Reserve is expected to cut the Fed funds rate by 25 basis points at the November 7 meeting. This aligns with market expectations and follows a weaker-than-expected nonfarm payroll report,” Althea Spinozzi, Head of Fixed Income Strategy at Saxo Bank, notes. Related Reading: ‘Crypto Has Already Won’, Regardless Of Trump Or Harris Win: Bitwise CIO The Fed is likely to maintain a measured approach, emphasizing gradual rate cuts over abrupt policy shifts. Chair Powell is expected to underscore a data-dependent and restrained policy stance, focusing on the nuanced dynamics of the current economic landscape. Spinozzi adds, “The Fed is likely to continue its measured approach, emphasizing gradual rate cuts rather than drastic policy shifts. Chair Jerome Powell is expected to highlight a data-dependent and restrained policy stance.” While headline inflation appears to be easing, core components suggest persistent pressures. The overall Consumer Price Index (CPI) increased by 2.4% year-over-year in September, the lowest since February 2021. However, critical sectors like shelter and services continue to see elevated prices. Shelter prices are up 4.9% year-over-year, and services excluding energy rose by 4.7%. “The core PCE inflation rate—a key Fed measure—has stabilized at an annualized 2.3% over both three- and six-month averages but continues to run above the Fed’s 2% target,” Spinozzi highlights. Persistent inflation in these sectors could exert upward pressure on overall inflation, complicating the Fed’s efforts to achieve its target. The labor market remains robust despite recent disruptions from hurricanes and strikes. The unemployment rate stands firm at 4.1%, and temporary layoffs have declined in October. Wage growth is showing signs of cooling; the Employment Cost Index (ECI) for Q3 surprised to the downside at 0.8% quarter-over-quarter, the softest since Q2 2021. Year-over-year, the ECI remains elevated at 3.9%, significantly above the Global Financial Crisis (GFC) average of 2.16%. Weekly jobless claims are also well below the post-GFC average, indicating sustained labor market strength. Related Reading: Top Crypto Analyst Unveils Best Altcoins For The 2025 Bull Run Overall, the US economy has exhibited unexpected robustness. Third-quarter GDP grew by 2.8% annualized, and personal consumption rose by 3.7%, the strongest quarter since early 2023. However, concerns about the sustainability of this growth persist. Real disposable income has softened, and household savings are declining, potentially limiting future consumer spending. Adding to the complexity is the US presidential election. The victory by Donald Trump could significantly influence fiscal policies, thereby impacting the Fed’s longer-term rate path. “The Federal Reserve will be mindful of how its actions and commentary could influence financial markets that may already be experiencing quite volatile conditions,” James Knightley, Chief International Economist at ING, remarks. For crypto traders, Jerome Powell’s commentary during the FOMC press conference on anticipated inflationary effects stemming from the Trump election is the key focus. Experts expect that the Trump presidency could lead to policies that underpin inflation, such as tax cuts and increased fiscal spending, potentially forcing the Fed to keep rates elevated. Despite the political backdrop, the Fed is expected to proceed with the rate cut. ING analysts suggest, “Even after September’s 50bp rate cut, monetary policy is in restrictive territory, and the Fed has scope to keep cutting rates back to a more neutral level to give the economy a little more breathing space to continue growing strongly.” The current target range for the Fed funds rate is 4.75% to 5%, well above the estimated “neutral” level of 3% to 3.5%. The consensus is that the Fed has room to normalize its policy, especially with the labor market cooling. The crypto market will be closely monitoring not just the rate decision—which appears largely priced in—but also the Fed’s commentary on inflation, economic growth, and the potential impacts of the presidential election. Any indications from Chair Powell regarding future policy shifts could have significant implications for the Bitcoin and crypto markets. At press time, Bitcoin traded at $75,080. Featured image from Shutterstock, chart from TradingView.com
Donald Trump’s election as the 47th president of the United States has sent shockwaves through the financial markets, particularly in the crypto sector. Following his victory announcement, Bitcoin surged to a new all-time high of $75,385, marking a significant rebound for the digital asset market. This rise comes amid a series of promises Trump made […]
As Donald Trump secured his return to the presidency for the 2025-2029 term, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, expressed a bullish outlook for the cryptocurrency market, proclaiming it has entered a “golden age.” In a recent video shared on social media platform X (formerly Twitter), Hougan highlighted the implications of Trump’s […]
In a significant shift within the US political landscape, the crypto industry has surpassed traditional sectors in campaign spending during the 2024 election cycle, aiming to influence regulatory policies favorably. An analysis of Federal Election Commission (FEC) filings by the blockchain analytics firm Breadcrumbs, in collaboration with FOX Business, reveals that the digital asset sector […]
In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results. Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in […]
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, declared in an investor note today that the crypto industry has secured its place in the financial world, irrespective of the outcome of today’s US presidential election between President Donald Trump and Senator Kamala Harris. In his note titled “Crypto Has Already Won,” Hougan stated, “There is nothing left to say about Tuesday’s election.” He provided a succinct assessment for investors: “Short-term, a Trump victory is better than a Harris victory. Long-term, Bitcoin, Ethereum, and stablecoins will thrive regardless of who wins. Altcoins have more regulatory risk in a Harris regime than a Trump regime.” Hougan cautioned that the only unfavorable scenario for crypto would be a Democratic sweep. “It would embolden the fringe element of the Democratic Party that is overtly hostile to crypto. But even in that scenario, I’d buy the dip,” he wrote. Reflecting on the industry’s resilience over the past four years, Hougan emphasized, “If there’s one thing the past four years has taught me, it’s this: Washington can’t stop crypto. It can alter the trajectory. It can speed things up or slow things down. It can bring more confusion or new clarity. But it can’t stop it.” Related Reading: Crypto Expert Discloses ‘Hidden Altcoin Gem’ With 1,900% Upside According to the Bitwise CIO, the presidential election serves as a milestone to evaluate the crypto sector’s growth since November 2020. Despite a combative regulatory environment—including “Operation Choke Point 2.0,” numerous SEC lawsuits, and a host of contradictory or ambiguous statements—the progress made is remarkable. Hougan noted, “We focus so much in crypto on the moment-by-moment movement of prices that we often lose sight of the long-term trends. The presidential election provides a nice opportunity to step back and see how far we’ve come.” ‘Crypto Has Already Won’ He presented compelling statistics comparing November 2020 to November 2024. Bitcoin’s price increased from $13,677 to $69,492, a 408% rise. Ethereum went from $388 to $2,492, marking a 552% increase. Solana experienced a meteoric rise from $1.49 to $165.12, an increase of 10,982%. In terms of trading volume, the CME Bitcoin Futures Open Interest in October surged from $0.57 billion to $10.58 billion, a 1,756% increase. The seven-day moving average of crypto daily exchange volume expanded from $9.68 billion to $39.32 billion, a 306% increase. Decentralized exchange volume in October soared from $12.6 billion to $156.5 billion, reflecting an 11,142% increase. Assets under management also saw significant growth. The Bitcoin spot ETF assets under management, nonexistent in November 2020, reached $71.46 billion by November 2024. Stablecoin assets under management dramatically increased from $3.87 billion to $177.83 billion, a 4,495% rise. The total value locked in decentralized finance platforms increased from $9.57 billion to $139.3 billion, a growth of 1,356%. Related Reading: Top Crypto Analyst Unveils Best Altcoins For The 2025 Bull Run Network activity showed substantial increases as well. Monthly transactions on the Bitcoin network grew from 9.28 million to 20.48 million, a 121% increase. Monthly transactions considering Ethereum and Layer 2 solutions saw a massive rise from 33.3 million to 385.8 million, a 1,059% increase. Mainstream adoption indicators also highlighted crypto’s integration into traditional finance and politics. The number of top 20 asset managers with tokenized funds increased from none in 2020 to three in 2024. BlackRock’s adoption of Bitcoin and Ethereum, nonexistent in 2020, is one of the biggest stories in 2024. Because of all that, Hougan expressed strong confidence in the continuation of these positive trends. “The question to ask yourself as you look at the above statistics is whether they will continue. From my seat, the answer is a resounding yes,” he affirmed. He outlined several key expectations: spot crypto ETF inflows will continue; stablecoins will continue to grow rapidly; institutions will continue to ‘get off zero’ and add allocations to Bitcoin and crypto; Wall Street will continue to embrace tokenization and real-world assets; blockchains will continue to get faster and cheaper; and real-world applications like Polymarket will continue to break through and gain mainstream adoption. While acknowledging the election’s significance, Hougan minimized its long-term impact on Bitcoin’s and crypto’s trajectory. “Make no mistake: What happens in Tuesday’s election matters, particularly in the short term. But as I see it, over the long term, Tuesday will prove to be something between a speed bump and a wind gust. Neither is going to stop this train,” he concluded. At press time, Bitcoin traded at $68,932. Featured image from YouTube, chart from TradingView.com
As the political landscape shifts in anticipation of the upcoming midterm elections in 2026, major players in the crypto industry are making significant financial commitments to support candidates who advocate for favorable regulatory changes. Notably, venture capital firm Andreessen Horowitz, better known as a16z, has pledged more than $23 million to the political action committee […]
In a recent interview with CNBC, Florida’s Chief Financial Officer, Jimmy Patronis, outlined the state’s increasing commitment to crypto investments. This comes in light of his recent directive urging pension fund managers to explore Bitcoin as a potential strategic reserve asset. ‘Crypto Is Not Going Anywhere’ During the interview, Patronis expressed confidence in the enduring […]
The Republican presidential candidate reiterated pledges to pardon Ross Ulbricht and for all Bitcoin to be “made in the USA.”
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes.
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
The geographic distribution of crypto developers often signals the regions poised to drive future blockchain innovation.
With just six days remaining until the US presidential election, former President Donald Trump has intensified his support for Bitcoin (BTC) and the broader crypto industry. In a recent statement aimed at taxpayers, Trump proposed significant changes that could reshape the landscape for digital asset transactions in the United States, especially following years of heightened […]
In a recent report, the US Treasury Department detailed significant growth in key areas of the crypto ecosystem, emphasizing how this expansion has influenced demand for short-term Treasury bills (T-Bills), which are viewed as a safe investment backed by the US government’s credit. $120 Billion In Stablecoin Collateral Tied To US Treasuries The Treasury report […]
Despite the growing number of investors, only 10% held over $7,200 worth of digital assets in their crypto portfolios.
Asset manager Canary Capital has officially filed for a spot Solana ETF in the United States, following in the footsteps of investment firm VanEck, which introduced its own application four months ago. The Solana ETF move was confirmed minutes ago by Bloomberg ETF expert James Seyffart on social media platform X (formerly Twitter). Canary Capital […]
Memecoins are outperforming the crypto market today, which could be an indication that traders are paying more attention to this sector.
DWF Labs, a Web3 investment and market-making firm, is currently embroiled in a scandal following serious allegations made by a user on the social media platform X (formerly Twitter) on Tuesday. DWF Labs Partner Accused Of Spiking Drink The individual, known as “Hananotsorry,” claims that a partner at DFW Labs drugged her during a meeting […]
Explore the mechanics of crypto derivatives, including futures, options and perpetual contracts, as well as the role of leverage, margin requirements and their impact on trading strategies.
Bitpanda GmbH, the Vienna-based crypto trading platform backed by billionaire investor and PayPal co-founder Peter Thiel, is reportedly considering a range of strategic options, including a potential initial public offering (IPO) in Frankfurt. According to a Bloomberg report, the company is currently in discussions with major financial institutions such as Citigroup Inc. and JPMorgan Chase […]
Miles Deutscher, a prominent analyst with 551,000 followers on X, disclosed his portfolio of best altcoins for the anticipated 2025 crypto bull run. In his latest video, “My NEW Ultimate Crypto Portfolio For The 2025 Bull Run! [MUST-HOLD Altcoins],” Deutscher provided an in-depth analysis of his selections, emphasizing a strategic concentration on high-conviction investments across diverse sectors. Deutscher began by outlining his approach to portfolio construction, highlighting the importance of limiting core holdings to fifteen altcoins spread across six key sectors: meme coins, artificial intelligence (AI) tokens, infrastructure projects, gaming, real-world assets (RWA), and decentralized finance (DeFi). This structure is designed to enhance focus and manageability, particularly for investors who may not have the time to actively manage a larger number of positions. “Based on the feedback from my community, I believe it’s better in this market to concentrate into high conviction bets,” Deutscher stated. Best Altcoins For The 2025 Crypto Bull Run In the meme coin sector, which Deutscher allocates a substantial 25% of his portfolio to, he identified three primary candidates: WIF, PEPE, and SPX. WIF, described as the leading meme coin on the Solana blockchain by Deutscher: “It’s pretty much the number one Solana kind of beta meme coin. Anons talk about it a lot. It’s got major exchanges. Coinbase listings being teased coincidentally. It’s actually at a very nice DCA Zone at the time of recording this video.” Pepe, an Ethereum-based meme coin, benefits from widespread recognition and strong community distribution. “I do like Pepe because it’s the leading kind of ETH beta meme coin. It’s one of the most famous memes in the history of the internet and for that reason I think it commands a lot of mind share,” Deutscher remarked. Related Reading: Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When SPX6900, endorsed by Murad Mahmudov, a leading figure in the meme coin space, is anticipated to attract substantial retail capital during market upswings. “Number three is SPX because […] Murad is the leader of memes. His number one shill and his number one meme holding is SPX, so this is one that I think is going to have momentum as retail comes in,” Deutscher remarked. Turning to the AI sector, Deutscher also allocates 25% of his portfolio to AI-focused projects, recognizing the burgeoning interest and potential in this field. His top picks include TAO, NEAR, and Spectral. TAO is positioned as the leader in decentralized AI, “focused on the enterprise side,” according to the analyst. NEAR, a top AI layer-one protocol, is selected for its potential to rebound during market dips and its foundational role in AI-driven applications, despite recent underperformance. Spectral (SPEC) is the “top AI agent play in crypto” for Deutscher. “They’ve got big backers. There’s no [token] unlock for another six months. You can basically automate your trading on-chain via AI agents,” he added. In the infrastructure sector, Deutscher maintains an equal 25% allocation, focusing on foundational projects that underpin the crypto ecosystem. Solana (SOL) remains his primary choice, recognized for its role as the launchpad for new meme and AI trends, and projected to deliver consistent returns without the explosive growth potential of smaller altcoins. Related Reading: Crypto Craze: Investor Nets A 3,360% Gain, Turning $86,000 Into $3.75 Million Fantom (FTM) is favored by Deutscher for its strong narrative. “I just think it’s got a great narrative with Sonic [upgrade]. Andre [Cronje] is a big figure in the space. You’ve had that cool down in terms of price and I think it’ll be one of the prevalent and l1’s this cycle,” the analyst claims. Third, Deutscher picks Aptos (APT) over Sui (SUI) because of its higher potential: “I picked Aptos […] because I just think in terms of a pair trade Aptos is probably the next to run after SUI already went on a massive run. That’s the only reason and the other thing is the price is looking good from a TA point of view. It’s still down significantly from all-time high so it has room from for for major upside.” Real-world assets (RWA) constitute 10% of Deutscher’s portfolio, a sector he believes is poised for significant adoption. His selections, CPOOL and CHEX, are chosen for their solid protocol development, strategic partnerships, and upcoming exchange listings, which are expected to enhance their market legitimacy and growth potential. Additionally, Pendle is mentioned as an honorable mention, recognized for its strong narrative, partnerships, and organic token distribution, making it a standout performer in the RWA space. The gaming sector, though traditionally undervalued, receives a 10% allocation in Deutscher’s portfolio. He highlighted Beam and Super as his top picks, with Beam serving as an infrastructure play backed by substantial treasury reserves and strategic partnerships, and Super functioning as a community-driven gaming meme coin with strong utility and a cult-like following. In the DeFi sector, Deutscher allocates 5% of his portfolio to two primary assets: AAVE and Rune. AAVE is identified as the strongest DeFi blue-chip, benefiting from robust revenue streams and increasing on-chain yields, making it a reliable cornerstone for the portfolio. Rune is viewed by Deutscher as a leveraged bet on the market’s bullish trajectory, expected to perform exceptionally well during market upswings due to its reflexive nature and the functionality of its Omnipool. At press time, WIF traded at $2.43. Featured image created with DALL.E, chart from TradingView.com