Senator Elizabeth Warren is maintaining political heat on President Trump's World Liberty Financial business interests in a letter to the Treasury and DOJ.
Institutional ownership, ETF absorption, and Strategy's capital access point to a short consolidation instead of a deep drawdown, Bernstein argues.
The lineup spans air, hydro, and immersion models and is designed to cut power costs and improve fleet uptime for large operators.
A crypto analyst known as Pumpius has issued a bold warning on social media platform X, declaring that a massive liquidity wave is about to sweep through global markets, and XRP could be the key asset positioned to capture it. His post, shared alongside a chart of the US national debt now above $38 trillion, argues that a combination of government stimulus, monetary easing, and corporate spending is about to unleash a surge of capital unlike anything seen since the 2020 pandemic. Liquidity Flood And The Return Of Stimulus Spending In his analysis, Pumpius highlighted that the United States government is preparing to inject over $400 billion in new stimulus payments, and this is going to be the first direct round of such spending since 2021. This comes at a time when the Federal Reserve is cutting interest rates despite inflation still sitting above 3% and labor market data showing signs of cooling. Related Reading: XRP Price To Reach $1,000 By End Of 2025? Rumor Mills Are On Fire With BlackRock Speculations A similar setup in 2020 and 2021 during the COVID-19 pandemic led to an enormous wave of liquidity that lifted both traditional and crypto markets to record highs. Now, President Donald Trump has vowed to provide each American a $2,000 dividend to be distributed from what he said was tariff revenue. The chart shown below illustrates a notable connection vividly: each major stimulus injection, from the $270 billion to $410 billion rounds, coincided with sharp jumps in the national debt and subsequent market expansions. With total US debt now projected to exceed $38 trillion, Pumpius believes another round of liquidity growth is close. The analyst went on to point out that this time, the liquidity wave is not just based on government spending but also on private-sector investment on an extraordinary scale. The so-called Magnificent 7 technology companies (Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla) are collectively pouring over $100 billion every quarter into artificial intelligence infrastructure. XRP Positioned As The Bridge For Global Capital Flow According to Pumpius, all this incoming liquidity needs a bridge, an asset capable of settling large-value transactions instantly across borders. He described XRP as the only digital asset designed precisely for this purpose, built for institutional-grade, real-time settlement and capable of handling global capital flows efficiently. Related Reading: Analyst Predicts XRP Price Will Decouple From Bitcoin, Here’s What Would Happen Ripple’s technology already provides the financial infrastructure necessary to connect banks, fintechs, and payment systems that will need to move funds quickly as liquidity expands. “The math is simple,” he said. “The liquidity is coming. The rails are ready. Own XRP or be left behind,” he concluded. XRP is one of the top-traded digital assets by volume, and market participants are watching closely to see how the cryptocurrency’s price action plays out. Ripple, its parent technology company, has been making different partnership moves and company acquisitions to expand its reach. This is expected to hopefully boost XRP’s adoption on a global scale and, in turn, its price growth. At the time of writing, XRP is trading at $2.45, down by 1.4% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The industry's staunch ally (and sometimes business partner) in the White House has brought a flood of drama, both good and bad.
At Miami’s America Business Forum, he said his orders ended a “war on crypto,” said crypto helps the dollar and warned China could gain if Washington stumbles.
U.S. President Donald Trump said in an interview over the weekend that he had no idea who Zhao was.
In an extended interview, President Donald Trump reiterated his pardon for Changpeng Zhao and making America "number one" for crypto.
The founder of Binance was "treated really badly" by the Biden administration, President Trump said during an interview.
If you’ve ever bought a token only to find out its grand use case was “having a token,” congrats, you played the game just right. Wolf of All Streets’ Scott Melker sums it up best. After years wandering crypto’s high-stakes tables, he’s upgraded his stance from “99.9% of crypto is a casino” to “99.999999%. As […]
The post In crypto’s casino, Bitcoin stands alone as the ultimate prize appeared first on CryptoSlate.
Trump reportedly said that he would cut reciprocal tariffs from 20% to 10%, and that he settled rare earth-related issues with China.
Binance.US responded to criticism from Sen. Chris Murphy, who alleged its USD1 listing was payback following Trump's pardon of CZ.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The distribution rewards users who earned points by trading USD1 pairs on partner exchanges and maintaining USD1 balances.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Despite her social-media suggestions that President Donald Trump let the rapper out earlier from her Bitfinex hack sentence, an official said that's not the case.
Donald Trump's demolition of the White House's East Wing for a new ballroom was partly backed by high-profile crypto folks who aren't keen on talking about it.
New reports reveal that United States President Donald Trump has picked pro-crypto Michael Selig as the new chair nominee for the Commodity Futures Trading Commission. The CFTC’s role involves overseeing the futures, options, and crypto markets, ensuring these industries operate fairly and transparently while protecting participants from fraud and manipulation. With Selig being a widely recognized crypto supporter, this move by Trump could significantly impact the regulatory landscape of digital assets. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions Trump Nominates Pro-Crypto Selig As CFTC Chair According to a Bloomberg report on October 24, Trump selected Selig to chair the CFTC, sending his nominations to the Senate for confirmation hearings. Selig currently serves as the Chief Counsel for the Crypto Task Force and Senior Advisor to the Chairman of the US Securities and Exchange Commission, Paul S. Atkins. Notably, Selig had also worked as a partner specializing in crypto at the law firm Willkie Farr & Gallagher. His career has been closely aligned with the cryptocurrency industry, while harmonizing regulatory strategies for the SEC and the CFTC across both traditional and digital finance sectors. If his nomination is confirmed, Selig would lead the CFTC at a crucial moment, as Congress considers bills that could significantly expand the agency’s oversight and authority of the crypto and digital asset markets. Interestingly, this is not the first time Trump has nominated a candidate for the chair position of the CFTC. Selig’s nomination marks the second attempt to fill the role. Trump previously chose Brian Quintenz, the former commissioner of the CFTC and a previous Head of Policy at venture capital firm Andreessen Horowitz (a16z). However, Quintenz was withdrawn from consideration after concerns over potential conflicts of interest were raised by prominent industry figures, including Gemini founders Tyler and Cameron Winklevoss. Crypto Community Reacts To Selig’s Nomination The crypto community has largely welcomed Selig’s nomination as the CFTC Chair, viewing it as a potential turning point for regulatory clarity in the crypto sector. Chris Dixon, a managing partner at Andreessen Horowitz, emphasized the timing of the nomination as crucial for the passage of market structure legislation, noting that Selig’s leadership could provide clear, actionable rules for developers and consumers alike. Kristin Smith, the President of the Solana Institute, praised Selig as an “outstanding choice” whose expertise in the cryptocurrency and regulatory sectors could strengthen coordination between the US SEC and the CFTC. Moreover, she believes that as the next chair of the CFTC, Selig could foster a pro-crypto innovation-friendly environment in the US. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Other members of the crypto community echoed similar positive sentiments, with some expressing optimism that Selig’s leadership could be bullish for the crypto market. Many expect his tenure to coincide with a more streamlined and supportive regulatory framework, which could potentially accelerate adoption and innovation within the digital asset industry. Featured image from Getty Images, chart from TradingView
If confirmed, current SEC official Mike Selig would take over the U.S. commodities watchdog as it's poised to be given wide authority over crypto.
Crypto analyst Hov has stated that the macro target for the Dogecoin price remains unchanged despite the recent crypto market crash. This comes as DOGE looks to reclaim the psychological $0.2 level, which could spark a significant rebound for the meme coin. Macro Target For The Dogecoin Price Remains Above $2 In an X post, the crypto analyst stated that he still has the same macro target for the Dogecoin price. His accompanying chart showed DOGE could rally to $3 by next year, which would mark a new all-time high (ATH) for the altcoin. However, there is the possibility that the meme coin could keep trading sideways till the end of the year. Related Reading: Why The Dogecoin 3.49% Annual Inflation Is Actually Not A Bug Meanwhile, Hov noted that the Dogecoin price action had played out as expected, with DOGE correcting off the low and crashing by over 50%. He added that the move did not quite make it into the lower support level, but that so far, the move off the low looks pretty corrective. The meme coin had crashed from a high of around $0.30 last month, recently touching $0.11 amid the crash that followed Trump’s announcement of 100% tariffs on China. Hov also stated that the focus will be on how the Dogecoin price action develops over the next week to see whether the C-wave corrective move is in. DOGE is currently looking to rebound and reclaim the psychological $0.2 level. This has been sparked by optimism regarding a potential trade deal between the U.S. and China. The White House has confirmed that U.S. President Donald Trump will meet China’s President Xi Jinping on October 30 at the APEC Summit. Meanwhile, the September CPI, which dropped yesterday, came in lower than expectations, which also contributed to a bounce in the Dogecoin price. DOGE’s 3rd Bull Wave On The Horizon Crypto analyst Ether revealed in an X post that the 3rd bull wave is on the horizon for the Dogecoin price. He noted that DOGE experienced two major bull waves in 2017 and 2021 and that another bull wave is now loading. The analyst broke down the current price action, which points to another bull wave. Related Reading: Analyst Predicts Dogecoin Price Is Headed To $3.25, Here’s When Ether revealed that the long downtrend has been broken, with the retest now complete. He further remarked that the 25MA on the higher time frame is back at support. Meanwhile, the Dogecoin price is said to be gathering strength in the lower band of a years-long ascending channel. The analyst added that all technical indicators are “whispering” the start of a new cycle. As such, he believes the 3rd bull wave is a matter of when, not if. At the time of writing, the Dogecoin price is trading at around $0.19, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
In a provocative statement, laced with sarcasm, Changpeng Zhao, known as CZ, the co-founder and former CEO of Binance, suggested that President Donald Trump and Bitcoin’s (BTC) creator, Satoshi Nakamoto, could be the same person. This came in the wake of a presidential pardon granted to CZ, as announced by White House Press Secretary Karoline Leavitt. The pardon was described as an exercise of President Trump’s constitutional authority, aimed at addressing charges brought against Zhao by the Biden Administration during its crackdown on the crypto sector. Binance Founder Links Trump To Bitcoin’s Creator CZ’s comments followed a statement from President Trump, who remarked, “Let me just tell you that he was somebody that, as I was told, I don’t know him, I don’t believe I’ve ever met him … he had a lot of support, and they said that what he did is not even a crime.” Related Reading: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price? CZ later took to social media platform X (formerly Twitter), acknowledging Trump’s comment about not having met him, adding, “It would be my honor someday. President Trump and Satoshi. Might be the same person.” In 2023, the founder of the crypto exchange Binance served a four-month prison sentence after pleading guilty to charges related to anti-money laundering (AML) violations, and he was released in September 2024. Concerns Raised By Democratic Critics Despite their statements, some critics from the Democratic Party have pointed to investments between YZi Labs and the Trump family’s World Liberty Financial (WFLI) as a potential conflict. Related Reading: Volatility Loading: Dogecoin Eyes Explosive Path To $3 Trump has been a skeptic of cryptocurrencies, particularly Bitcoin (BTC). However, since his presidential campaign last year, he has shifted towards supporting pro-crypto regulations, which have contributed to the growth and adoption of digital assets in the country. Featured image from Bloomberg, chart from TradingView.com
The White House tapped Michael Selig to lead the CFTC as lawmakers move to cement the agency's authority over digital assets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto heavyweights — including Ripple and Coinbase — are among a list of donors contributing to the new White House ballroom.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. President Donald Trump pardoned Binance founder Changpeng Zhao months after he said he'd asked for a pardon.
If you’ve heard this story before, you’re not alone. Argentina is particularly adept at leaping from crisis to crisis. A collapsing Argentine peso, desperate negotiations in Washington, and a high-profile U.S. rescue are all features once again. But this time, with libertarian President Javier Milei at the helm, the script was supposed to change. He […]
The post How the U.S. bailout could bring the end to Argentina’s ‘libertarian utopia’ appeared first on CryptoSlate.
While the growth still trails India's boom, digital assets activity jumped 50% in the U.S. in six months, cementing it further as the top global marketplace.
Crypto analyst Cantonese Cat has drawn attention to the current Dogecoin price action, making comparisons with the 36,000% rally recorded in the last cycle. Meanwhile, crypto analyst Ghost has also provided a bullish outlook for the meme coin, predicting it could still rally to $1. How The Current Dogecoin Price Action Differs From Last Cycle In an X post, Cantonese Cat highlighted some differences between the current Dogecoin price action and that from the last cycle, when it recorded a 36,000% rally. The analyst noted that the last cycle was an anomaly because DOGE punched through the ‘Superlchi’ cloud without ever back-testing it that cycle and just went on its massive run. Related Reading: Dogecoin Price Set To Go On A 2,000% Cyclical Surge To $4 Cantonese Cat then went on to mention that the Dogecoin price has punched through this Superlchi cloud in this cycle and claimed it from resistance to support. However, unlike in the previous cycle, DOGE has back-tested this level for more than half a year and has established it as good support. The analyst revealed that the most recent back-test happened this month, with a huge wick showing demand. Cantonese Cat explained that this is more consistent with what generally happens during a bull market and asserted that DOGE still has its bullish market structure. The analyst’s accompanying chart showed that $0.18 is the key level that DOGE needs to stay above to maintain this structure. Crypto analyst Ghost also indicated that the bull market structure was still intact for the Dogecoin price. This came as the analyst highlighted a ‘Parabolic Arc,’ which they noted is still intact and predicted that the target for DOGE in this cycle is the psychological $1 level. A Rebound For DOGE May Be On The Horizon Crypto analyst Ali Martinez stated that the Dogecoin price wants to rebound and that the key targets are $0.29, $0.45, and $0.86. This follows DOGE’s recent crash below the $0.2 level amid the broader crypto market decline. This has occurred due to rising trade tensions between the U.S. and China with the Trump tariffs. Related Reading: $50 Million Injection: Here’s Why The Dogecoin Price Could See An Explosive Rally Meanwhile, crypto analyst Trader Tardigrade stated that a double bottom is on the way for the Dogecoin price. He added that a catalyst is needed to ignite this next move up for DOGE. A potential catalyst could be the imminent rate cut, with the Fed expected to lower rates at next week’s FOMC meeting. Trump is also set to meet China’s President Xi Jinping, which could ease trade tensions and potentially lead to a trade deal between the two countries. At the time of writing, the Dogecoin price is trading at around $0.2, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com