A Trump-linked DeFi project proposes using all liquidity fees to permanently reduce supply, as steep early losses highlight investor skepticism.
The following article is adapted from The Block’s newsletter, The Daily, delivered to inboxes every weekday.
At current prices, investors in the token's first round could realize a 20x return on the governance token of Trump-linked World Liberty Financial.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
His remarks come despite China banning much of the industry, though peer-to-peer crypto transactions and some bitcoin mining still occur.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. Department of Commerce said it issued its gross domestic product data via nine blockchains, including Bitcoin, Ethereum and other crypto-world pathways.
The move initially targets blockchains including Bitcoin, Ethereum, Solana, Base, Avalanche, Arbitrum, and Optimism.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The fund follows the same route as the REX-Osprey Solana staking ETF and could go live in early November, according to analysts.
The US Secretary of Commerce said blockchain-based statistics would soon be 'available for the entire government.'
Democrat Kristin Johnson's exit means the crypto regulator will fall to a single commissioner, Acting Chairman Caroline Pham, as Trump's pick awaits the Senate.
Polymarket sees Powell finishing 2025 unscathed, even as Trump’s bid to oust Lisa Cook tests the Fed’s legal shield.
Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.
As U.S. President Donald Trump's chairman nominee, Brian Quintenz, remains in a confirmation holding pattern, the CFTC starts another "crypto sprint."
One analyst said a hawkish tone from Powell may turn markets into a risk-off mode, potentially to a 30% drop in bitcoin price.
Harvard economist Kenneth Rogoff, who declared in 2018 that Bitcoin was more likely to crash to $100 than rally to $100,000, has returned. He indirectly admitted he was wrong and outlined reasons why his prediction fell through. Harvard Economist Breaks Silence On Missed Bitcoin Prediction In an X post, Rogoff identified himself as the Harvard economist who said that Bitcoin was more likely to be worth $100 than $100,000. He then went on to comment on what he missed when he made this prediction. First, the economist said that he was far too optimistic about the U.S. coming to its senses about sensible crypto regulation. Related Reading: Crypto Founder Predicts The Collapse Of Bitcoin In This Timeframe Rogoff, who was the former chief economist of the International Monetary Fund (IMF), indicated that the Donald Trump administration has gone about Bitcoin and crypto regulation in the wrong way. He questioned why policymakers would want to facilitate tax evasion and illegal activities, likely in reference to regulations such as the GENIUS Act, which have provided regulatory clarity. It is worth mentioning that one of the reasons the Harvard economist had predicted that Bitcoin was more likely to go to $100 was based on his belief that government regulation would trigger lower prices. He had made this prediction when BTC was trading at around $11,000. Rogoff claimed back then that the flagship crypto needed global regulation to crack down on its use for money laundering. The former IMF chief believed that if this regulation took away the possibility of money laundering and tax evasion, then Bitcoin’s actual use cases for transactions were very small. As such, he was banking on BTC lacking any demand, which would drive its price lower rather than higher. However, that hasn’t been the case as government regulation has only boosted Bitcoin’s demand. The flagship crypto rallied to $100,000, a price level Rogoff said it won’t reach, for the first time last year following Donald Trump’s victory. Meanwhile, BTC has reached new highs on the back of regulatory clarity, including its rally to a previous all-time high (ATH) just before the passage of the GENIUS Act last month. Further Reasons For The Missed Prediction The Harvard economist also stated that he did not appreciate how Bitcoin would compete with fiat currencies to serve as the transaction medium of choice in the $20 trillion global underground economy. He further remarked that this demand puts a floor on its price. Related Reading: Two Scenarios Map Out Bitcoin Price Crash After Recovery In addition to being a transaction medium of choice, BTC has also gained a reputation as a store of value, which has created demand for it among traditional finance (TradFi) investors. These investors have gained exposure to Bitcoin mainly through the ETFs. Interestingly, Harvard recently revealed a $117 million stake in BlackRock’s BTC ETF. Lastly, Rogoff said that he did not anticipate a situation where regulators, especially the regulator in chief, would be able to brazenly hold hundreds of millions or even billions of dollars in crypto without consequence, considering the “blatant conflict of interest.” At the time of writing, the Bitcoin price is trading at around $113,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
As much of the crypto industry avoids picking a favored party in Congress, the brothers atop Gemini decry "bad-faith" Democrats as they give to a new PAC.
The Winklevoss twins are outspoken supporters of Trump and opponents of government overreach, particularly in crypto markets.
The industry is now openly urging the confirmation process that was delayed by the White House for the CFTC leadership that will be key to digital assets regulation.
Illinois governor JB Pritzker signed two new crypto regulation bills into law on Monday, targeting exchanges and ATMs in the state.
According to CRYPTOWZRD’s recent update, Bitcoin ended the last session on a bearish note, but the broader outlook may soon shift. He noted that the Trump–Putin meeting delivered a productive outcome, which could fuel a positive reaction in the market if conditions remain steady. Daily Candle Shows Slight Bearish Bias, Yet Indecisive In his update, CRYPTOWZRD noted that Bitcoin’s daily candle closed slightly bearish. The analyst explained that although the close leaned to the downside, he would still consider the overall signal indecisive. Related Reading: Bull Case For Bitcoin At $300,000 Triggers After Reaching Critical Level Turning attention to external factors, CRYPTOWZRD highlighted that the recent meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska was productive. He pointed out that this development could create a favorable atmosphere in the broader crypto market, which may spill over into Bitcoin, unless the situation changes later on. At the same time, CRYPTOWZRD stressed that traders cannot overlook the traditional markets, where the weekly candle closed bearish. He described this as an early warning sign that should not be dismissed, as it may serve as a precursor to deeper corrections if unexpected developments occur. In his view, this makes it necessary to remain alert, even in the face of seemingly positive momentum elsewhere. While a productive geopolitical meeting may boost investor confidence, the bearish weekly signal in traditional markets is a reminder that conditions can quickly shift. As for his approach, CRYPTOWZRD stated that his focus remains on the lower timeframe chart formations. He believes this is where quick scalp opportunities are likely to emerge, allowing traders to capture movement without being overly exposed to sudden swings. By tracking these intraday setups, he intends to navigate the volatility while waiting for clearer signals on Bitcoin’s next larger move. Bitcoin Choppy Price Action Limits Clear Setups Rounding up his analysis, CRYPTOWZRD observed that the intraday chart for Bitcoin remained somewhat choppy and leaned bearish. He explained that price action has been confined within a relatively small range, making it less favorable for immediate trading decisions. Related Reading: Bitcoin Volatility Hits 2-Year Low As 30-Day Range Tightens He emphasized that the key level to watch on the upside is $119,500. According to the expert, a move above this threshold would shift Bitcoin into bullish territory, creating a potential long opportunity. Until that breakout occurs, he prefers to remain cautious rather than force trades in uncertain conditions. On the downside, CRYPTOWZRD noted that a break below $117,000 would signal further weakness and open the door for short positions. For now, he concluded that an ideal approach is to wait for the next decisive move before taking action. Featured image from Pixabay, chart from Tradingview.com
Over 80 executives from leading crypto and fintech companies, including Gemini, Andreessen Horowitz, Paradigm, and Kraken, have called on US President Donald Trump to block new bank-imposed fees for accessing consumer financial data. In an Aug. 14 letter, the group argued that these charges, set to take effect in September, directly threaten innovation and consumer […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bessent reiterated that the government would not sell bitcoin currently in the reserve, valuing it at $15 to $20 billion.
Bitwise CIO Matt Hougan says there are still four catalysts the market hasn't fully priced in which could push prices substantially higher.
Ray Dalio said he likely would have fired the BLS head as well.
Thumzup recently raised $50 million through a public offering to expand into crypto mining as well as fund token purchases.
Investors worry about Tether's U.S. entry and other pressures, but Circle's regulatory and liquidity position offer an edge, Bernstein said.
The White House's crypto group will apparently be led again by an ex-college football star-turned-politician, though this one has some deeper DC roots.